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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 />20142015201620172018
<br />Debt Limit$ 121,016,193114,422,484$ 122,012,310$ 128,818,170$ 136,173,648$
<br />Total net debt applicable to limit 29,875,000 28,185,000 28,585,000 27,026,509 24,005,513
<br />Legal debt margin$ 84,547,484$ 92,831,193$ 93,427,310$ 101,791,661$ 112,168,135
<br />Total net debt applicable to the limit
<br /> as a percentage of debt limit26.11%23.29%23.43%20.98%17.63%
<br />Fiscal Year
<br />20192020202120222023
<br />Debt Limit$ 152,615,169145,830,645$ 163,774,434$ 169,998,972$ 189,878,008$
<br />Total net debt applicable to limit 21,189,517 26,971,315 19,763,741 17,346,166 14,828,583
<br />Legal debt margin$ (26,971,315)124,641,128$ 144,010,693$ 152,652,806$ 175,049,425$
<br />t
<br />Total net debt applicable to the limi
<br /> as a percentage of debt limit14.53%17.67%12.07%10.20%7.81%
<br />Legal Debt Margin Calculation for Fiscal Year 2023
<br />Estimated Market Value$ 6,329,266,941
<br />Debt Limit (3% of total estimated market value) 189,878,008
<br />Debt applicable to limit:
<br />Total Bonded Debt 14,828,583
<br />Less:
<br />Special Assessment Bonds-
<br />Housing Bonds-
<br />Total net debt applicable to limit 14,828,583
<br />Legal Debt Margin175,049,425$
<br />y of Roseville's net debt cannot exceed 3 percent of the estimated
<br />Note: Under Minnesota state law, the Cit
<br />market value of property. This limit increased from 2% to 3% in calendar 2008.
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