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' CITY OF RAMSEY, MINNESOTA Table 9
<br />' RATIO OF NET BONDED DEBT TO ASSESSED VALUE/TAX CAPACITY
<br />AND NET BONDED DEBT PER CAPITA
<br />Last Ten Fiscal Years
<br />
<br />Fiscal Assessed
<br />1'g~I Population(11 Value
<br />1988
<br />Fiscal
<br />YG~I
<br />1989
<br />1990
<br />1991
<br />1992
<br />1993
<br />1994
<br />1995
<br />1996
<br />1997
<br />Less Amounts
<br />Gross Available in Net
<br />Bonded Debt Service Bonded
<br />Debt(2) Funds(31 P~ht
<br />12,181 $ 62,238,704 $ 6,760,000 $ 3,111,657 $ 3,648,343
<br /> Gross
<br />
<br />povulation(1 Tax
<br />1 Capacity (41 Bonded
<br />Debt(21
<br />12,717 $ 7,484,976 $ 6,730,000
<br />12,408 6,222,143 5,855,000
<br />12,940 6,886,878 5,105,000
<br />13,269 6,919,514 6,200,000
<br />14,081 6,701,210 7,940,000
<br />14,907 7,049,254 7,490,000
<br />16,388 7,570,986 8,160,000
<br />17,000 8,730,220 5,530,000
<br />17,850 $ 9,818,153 $ 5,110,000
<br />Less Amounts
<br />Available in Net
<br />Debt Service Bonded
<br />~~ ~1
<br />$ 2,485,362 $ 4,244,638
<br />1,789,823 4,065,177
<br />1,316,945 3,788,055
<br />1,026,767 5,173,233
<br />3,839,022 4,100,978
<br />3,904,797 3,585,203
<br />4,820,572 3,339,428
<br />315,815 5,214,185
<br />$ 2,099 $ 5,107,901
<br />Ratio of
<br />Net Bonded
<br />Debt to Net Bonded
<br />Assessed Debt Per
<br />~~ Capita
<br />5.86% $ 299.51
<br />Ratio of
<br />Net Bonded
<br />Debt to Net Bonded
<br />Tax Debt Per
<br />Capacity Capita
<br />56.71% $ 333.78
<br />65.33% 327.63
<br />55.00% 292.74
<br />74.76% 389.87
<br />61.20% 291.24
<br />50.86% 240.50
<br />44.11% 203.77
<br />59.73% 306.72
<br />52.03% $ 286.16
<br />(1) Metropolitan Council estimates, except 1990 which is from the United States Census and beginning with 1993
<br />staff estimates utilized.
<br />(2) Amount includes Tax Increment and Special Assessment Bonds because general property taxes will be used
<br />to pay the 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.
<br />In 1990, the State defined the tax base from "gross tax capacity" to "net tax capacity."
<br />-106-
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