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Cit,y of Roseville, Minnesota
<br />LEGAL DEBT MARGIN INFORMATION
<br />Last Ten Fiscal Years
<br />Debt Limit
<br />Total net debt applicable to lunit
<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 lnnit
<br />as a percentage of debt limit
<br />Table 14
<br />(Page 1 of 1)
<br />Unaudited
<br />Fiscal Year
<br />2005 2006 2007 2008 2009
<br />$ 71,034,242 $ 78,363,984 $ 84,512,230 $ 135,671,256 $ 133,654,878
<br />9,535,000 9,000,000 8,455,000 10,440,000 11,015,000
<br />$ 61,499,242 $ 69,363,984 $ 76,057,230 $ 125,231,256 $ 122,639,878
<br />13.42% 11.48% 10.00% 7.70% 8.24%
<br />Fiscal Year
<br />2010 2011 2012 2013 2014
<br />$ 128,642,142 $ ll9,552,196 $ 112,558,872 $ ll2,055,907 $ 114,422,484
<br />9,035,000 18,090,000 32,795,000 37,297,216 29,875,000
<br />$ 119,607,142 $ 101,462,196 $ 79,763,872 $ 74,758,691 $ 84,547,484
<br />8.24% 15.13% 29.14% 33.28% 2611%
<br />Legal Debt Margin Calculation for Fiscal Year 2014
<br />Estimated Market Value $ 3,814,082,800
<br />Debt Limit (3% of total estimated market value) 114,422,484
<br />Debt applicable to limit
<br />Total Bonded Debt 30,780,000
<br />Less:
<br />Special Assessment Bonds -
<br />Housing Bonds 905,000
<br />Total net debt applicable to limit 29,875,000
<br />Legal Debt Margin $ 84,547,484
<br />Note: Under Minnesota state law, the City of Roseville's net debt cannot exceed 3 percent of the estimated
<br />market vah�e of property. This limit inereased froin 2% to 3% in calendar 2008.
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