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City of Ramsey
<br />Ratios of General Bonded Debt Outstanding
<br />Last Ten Fiscal Years
<br />Percentage of
<br />Total
<br />General Unamortized Capital Less: Amounts Taxable Market
<br />Fiscal Obligation Bond Equipment Available in Debt Value of Per
<br />Year Bonds Premiums Certificates Service Fund (31 Total Propertv(1) Capita(21
<br />2016 $ 27,120,000 $ - $ 1,165,000 $ 1,778,495 $ 26,506,505 1.35% $ 1,025
<br />2017 26,075,000 - 1,020,000 2,380,281 24,714,719 1.19% 941
<br />2018 25,295,000 - 875,000 2,573,517 23,596,483 1.02% 892
<br />2019 23,165,000 - 725,000 2,749,577 21,140,423 0.85% 781
<br />2020 28,325,000 - 575,000 1,422,444 27,477,556 1.01% 1,008
<br />2021 25,885,000 795,714 420,000 977,067 26,123,647 0.90% 935
<br />2022 34,895,000 1,951,694 260,000 713,656 36,393,038 1.13% 1,276
<br />2023 39,480,000 2,099,612 1,495,000 780,840 42,293,772 1.05% 1,473
<br />2024 36,740,000 1,915,176 1,295,000 878,907 39,071,269 0.89% 1,354
<br />2025 33,875,000 1,730,740 1,180,000 622,753 36,162,987 0.83% 1,246
<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 data.
<br />(2) Population data can be found in the Schedule of Demographic and Economic Statistics.
<br />(3) The City is using governmental fund balance restricted for debt service. We believe this to be the best amount available to present a consistent net
<br />amount when refunding bonds are held for payment, which are not restricted on entity -wide statements due to conversion for full accrual accounting.
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