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<br />Indirect Debt
<br /> 2002/2003
<br /> 2002/2003 Net Tax
<br /> Net Tax Capacity Percentage Taxpayer's
<br /> Capacity Value Applicable Share
<br />Issuer Value(l) in CinfJJ in City Net Debt of Debt
<br />Anoka County $ 206,920,412 $2, I 04,563 1.02% $ 93,445,000(2) $ 953,139
<br />ISD No. 12, Centennial J 8,817,233 2, I 04,563 11.18 90,789,577(3) 10,150,275
<br />NMISD NO.9] 6 368, J 72,360 2,104,563 .57 J 5,568, 164 (4) 88,739
<br />Metropolitan Council 1,927,292,970 2,104,563 .11 ] 3,068,000 (5) 14,375
<br />Metro Transit 1,675,944,134 2,] 04,563 .]3 113,703,881 (6) 147.815
<br /> Net Indirect Debt: $1 J 354 343
<br />
<br />(1) Net tax capacity values are after tax increment and fiscal disparity contribution adjustments, but before fiscal disparity distribution
<br />adjustments.
<br />(2) Anoka County has bond indebtedness 0[$93,44.5,000 and sinking funds of$O as of December 3], 2002.
<br />(3) ]SD No. 12, Centennial, reported bond indebtedness of $95,465,000 and sinking funds of$4,675,423 as of December 31, 2002.
<br />(4) NM1SD No. 916, reported bond indebtedness of $1 5,965,000 and sinking funds of$396,836 as oflune 30, 2003.
<br />(5) Deductions: (A) $66],725,429 Metropolitan Waste Control Commission Debt as of December 31,2003.
<br />Note 1: Debt Service on A above is 100% self supported from revenues of the Metro Sanitary Sewer System, although the bonds are
<br />full faith and credit bonds. Sinking funds of $9,370,000 and escrow funds of $22,930,000 bave not been deducted because
<br />said funds are attributable to A above. Sinking fund/escrow balances are as of December 31, 2003.
<br />Note 2: Tbe only tax supported bond indebtedness is $30,175,000 and sinking funds of$17,107,000 as of December 3], 2003.
<br />(6) Metro Transit reported bond indebtedness of $160,085,000 as of July 2, 2003, sinking funds of $40,225,000 and escrow funds of
<br />$6,/56,119 as of December 31,2003.
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