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Fiscal
<br />Year
<br />2011
<br />2012
<br />2013
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />2020
<br />City of Ramsey
<br />Ratios of General Bonded Debt Outstanding
<br />Last Ten Fiscal Years
<br />General
<br />Obligation
<br />Bonds
<br />$ 30,505,000
<br />36, 345, 000
<br />35,030,000
<br />30, 615, 000
<br />27,060,000
<br />27,120,000
<br />26,075,000
<br />25,295,000
<br />23,165,000
<br />28,325,000
<br />Less: Amounts
<br />Available in Debt
<br />Service Fund (3)
<br />$ 5,753,130
<br />5,618,631
<br />4,963,143
<br />1,914,472
<br />1,721,796
<br />1,778,495
<br />2,380,281
<br />2,573,517
<br />2,749,777
<br />1,422,444
<br />Total
<br />$ 24, 751, 870
<br />30, 726, 369
<br />30, 066, 857
<br />28, 700, 528
<br />25,338,204
<br />25, 341, 505
<br />23, 694, 719
<br />22,721,483
<br />20,415,223
<br />26, 902, 556
<br />Percentage of
<br />Total
<br />Taxable Market
<br />Value of
<br />Property(1)
<br />1.24%
<br />1.73%
<br />1.84%
<br />1.77%
<br />1.36%
<br />1.29%
<br />1.14%
<br />0.98%
<br />0.88%
<br />0.99%
<br />Per
<br />Capita(2)
<br />$ 1,044
<br />1,289
<br />1,237
<br />1,151
<br />990
<br />980
<br />903
<br />859
<br />755
<br />987
<br />Note: Details regarding the city's outstanding debt can be found in the notes to the basic financial statements.
<br />(1) See the Schedule of Assessed Value and Estimated Actual Value of Taxable Property for property value
<br />data.
<br />(2) Population data can be found in the Schedule of Demographic and Economic Statistics.
<br />(3) The City is using governmental fund net position restricted for debt service. We believe this to be the best
<br />amount available to present a consistent net amount when refunding bonds are held for payment, which are not
<br />restricted on entity -wide statements due to conversion for full accrual accounting.
<br />149
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