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Fiscal
<br />Year
<br />1985
<br />1986
<br />1987
<br />1988
<br />Fiscal
<br />Year
<br />1989
<br />1990
<br />1991
<br />1992
<br />1993
<br />1994
<br />11,110
<br />11,395
<br />11,760
<br />12,181
<br />Population(1)
<br />12,717
<br />12,408
<br />12,940
<br />13,269
<br />14,907
<br />15,545
<br />CITY OF RAMSEY, MINNESOTA
<br />RATIO OF NET BONDED DEBT TO ASSESSED VALUE/TAX CAPACITY
<br />AND NET BONDED DEBT PER CAPITA
<br />Last Ten Fiscal Years
<br />Assessed
<br />Population(1) ' Value
<br />$ 53,301,844 $
<br />54,901,419
<br />59,306,145
<br />62,238,704
<br />Tax
<br />Capacity (4)
<br />$ 7,484,976 $
<br />6,222,143
<br />6,886,878
<br />6,919,514
<br />6,701,210
<br />7,570,986
<br />Gross
<br />Bonded
<br />Debt(2)
<br />5,845,000
<br />5,340,000
<br />7,750,000
<br />6,760,000
<br />Gross
<br />Bonded
<br />Debt(2)
<br />6,730,000
<br />5,855,000
<br />5,105,000
<br />6,200,000
<br />7,940,000
<br />7,490,000
<br />Less Amounts
<br />Available in
<br />Debt Service
<br />Funds(3)
<br />$ 2,026,807
<br />2,713,314
<br />3,175,475
<br />3,111,657
<br />Less Amounts
<br />Available in
<br />Debt Service
<br />Funds(3)
<br />$ 2,485,362 $
<br />1,789,823
<br />1,316,945
<br />1,026,767
<br />3,839,022
<br />3,904,798
<br />Net
<br />Bonded
<br />De
<br />$ 3,818,193
<br />2,626,686
<br />4,574,525
<br />3,648,343
<br />Net
<br />Bonded
<br />Debt
<br />4,244,638
<br />4,065,177
<br />3,788,055
<br />5,173,233
<br />4,100,978
<br />3,585,202
<br />Ratio of
<br />Net Bonded
<br />Debt to
<br />Assessed
<br />Value
<br />7.16% $
<br />4.78%
<br />7.71%
<br />5.86%
<br />Ratio of
<br />Net Bonded
<br />Debt to
<br />Tax
<br />Capacity
<br />56.71% $
<br />65.33%
<br />55.00%
<br />74.76%
<br />61.20%
<br />47.35%
<br />Table 9
<br />Net Bonded
<br />Debt Per
<br />Capita
<br />343.67
<br />230.51
<br />388.99
<br />299.51
<br />Net Bonded
<br />Debt Per
<br />a i t
<br />333.78
<br />327.63
<br />292.74
<br />389.87
<br />275.10
<br />230.63
<br />(1) Metropolitan Council estimates, except 1990 which is from the United States Census and beginning with 1994 staff
<br />estimates utilized.
<br />(2) Amount includes Tax Increment and Special Assessment Bonds because general property taxes will be used to pay the
<br />debt on these issues should other revenue sources fail to provide adequate amounts.
<br />(3) Amounts available for repayment of bonded indebtedness in Debt Service Funds.
<br />(4) Beginning with taxes payable in 1989, the State of Minnesota changed from assessed value to tax capacity. In 1990,
<br />the State defined the tax base from "gross tax capacity" to "net tax capacity."
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