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CITY OF ARDEN HILLS <br />Direct and Overlapping Governmental Activities Debt <br />as of December 31, 2023 <br />Governmental Unit <br />Debt repaid with property taxes <br />Ramsey County <br />County library <br />Independent School District No. 621 <br />Independent School District No. 623 <br />Metropolitan Council <br />Total overlapping debt <br />City of Arden Hills <br />Total direct and overlapping debt <br />Net Debt <br />Outstanding <br />Estimated <br />Percentage <br />Applicable (1) <br />Estimated <br />Share of <br />Overlapping Debt <br />$ 124,547,787 <br />2.43 % <br />$ 3,026,102 <br />18,110,027 <br />4.79 <br />868,035 <br />168,431,292 <br />13.02 <br />21,937,180 <br />148,813,796 <br />0.74 <br />1,100,970 <br />1,581,725,568 <br />0.34 <br />5,324,122 <br />32,256,409 <br />— <br />100.00 <br />— <br />$ 32,256,409 <br />(1) The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable <br />percentages were estimated by determining the portion of the county's taxable assessed value that is within the <br />City's boundaries and dividing it by the county's total taxable assessed value. <br />Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This <br />schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the <br />residents and businesses of the City. This process recognizes that, when considering the City's ability to issue and <br />repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. <br />However, this does not imply that every taxpayer is a resident and, therefore, responsible for repaying the debt of <br />each overlapping government. <br />Source: Assessed value data used to estimate applicable percentages provided by the Ramsey County Assessor. Debt <br />outstanding data provided by the county. <br />-88- <br />