|
Cit,y of Roseville, Minnesota
<br />LEGAL DEBT MARGIN INFORMATION
<br />Last Ten Fiscal Years
<br />Debt Limit
<br />Total net debt applicable to limit
<br />Legal debt margin
<br />Total net debt applicable to the limit
<br />as a percentage of debt limit
<br />Debt Limit
<br />Total net debt applicable to limit
<br />Legal debt margin
<br />Total net debt applicable to the liinit
<br />as a percentage of debt limit
<br />Table 14
<br />(Page 1 of 1)
<br />Unaudited
<br />Fiscal Year
<br />2007 2008 2009 2010 2011
<br />$ 84,512,230 $ 135,671,256 $ 133,654,878 $ 128,642,142 $ ll9,552,196
<br />8,455,000 10,440,000 11,015,000 9,035,000 18,090,000
<br />$ 76,057,230 $ 125,231,256 $ 122,639,878 $ ll9,607,142 $ 101,462,196
<br />10.00% 7.70% 8.24% 8.24% 15.13%
<br />Fiscal Year
<br />2012 2013 2014 2015 2016
<br />$ 112,558,872 $ ll2,055,907 $ 114,422,484 $ 121,016,193 $ 122,012,310
<br />32,795,000 37,297,216 29,875,000 28,185,000 28,585,000
<br />$ 79,763,872 $ 74,758,691 $ 84,547,484 $ 92,831,193 $ 93,427,310
<br />2914% 33.28% 26.11% 23.29% 23.43%
<br />Legal Debt Margin Calculation for Fiscal Year 2016
<br />Estimated Market Value $ 4,067,077,000
<br />Debt Limit (3% of total estimated market value) 122,012,310
<br />Debt applicable to limit:
<br />Total Bonded Debt 28,585,000
<br />Less:
<br />Special Assessment Bonds -
<br />Housing Bonds
<br />Total net debt applicable to limit 28,585,000
<br />Legal Debt Margin $ 93,427,310
<br />Note: Under Minnesota state law, the City of Roseville's net debt cannot exceed 3 percent of the estimated
<br />market vnlue ofpropevty. This limit increased from 2% to 3% in calendm� 2008.
<br />129
<br />
|