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City of Roseville, Minnesota Table 13
<br />LEGAL DEBT MARGIN INFORMATION(Page 1 of 1)
<br />Last Ten Fiscal Years Unaudited
<br />Fiscal Year
<br />20122013201420152016
<br />Debt Limit$ 112,558,872$ 112,055,907$ 114,422,484 $ 121,016,193$ 122,012,310
<br />Total net debt applicable to limit 32,795,000 37,297,216 29,875,000 28,185,000 28,585,000
<br />Legal debt margin$ 79,763,872$ 74,758,691$ 84,547,484$ 92,831,193$ 93,427,310
<br />Total net debt applicable to the limit
<br /> as a percentage of debt limit29.14%33.28%26.11%23.29%23.43%
<br />Fiscal Year
<br />20172018201920202021
<br />Debt Limit$ 128,818,170$ 136,173,648$ 145,830,645 $ 152,615,169$ 163,774,434
<br />Total net debt applicable to limit 27,026,509 24,005,513 21,189,517 26,971,315 19,763,741
<br />Legal debt margin$ 101,791,661$ 112,168,135$ 124,641,128 $ (26,971,315)$ 144,010,693
<br />Total net debt applicable to the limit
<br /> as a percentage of debt limit20.98%17.63%14.53%17.67%12.07%
<br />Legal Debt Margin Calculation for Fiscal Year 2021
<br />Estimated Market Value$ 5,459,147,800
<br />Debt Limit (3% of total estimated market value) 163,774,434
<br />Debt applicable to limit:
<br />Total Bonded Debt 19,763,741
<br />Less:
<br />Special Assessment Bonds -
<br />Housing Bonds -
<br />Total net debt applicable to limit 19,763,741
<br />Legal Debt Margin$ 144,010,693
<br />Note: Under Minnesota state law, the City of Roseville's net debt cannot exceed 3 percent of the estimated
<br />market value of property. This limit increased from 2% to 3% in calendar 2008.
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