|
Estimated Share
<br />Total Debt of Overlapping
<br />Outstanding Sinking Funds Net Debt Debt
<br />Direct Debt:
<br />City of Orono 3,035,000$ 1,298,000$ 1,737,000$ 100.00 %1,737,000$
<br />ISD No. 278 (Orono)59,855,000 2,852,672 57,002,328 52.62 29,994,625
<br />ISD No. 276 (Minnetonka)115,620,000 2,159,977 113,460,023 0.28 317,688
<br />ISD No. 277 (Westonka)32,605,000 880,599 31,724,401 26.45 8,391,104
<br />ISD No. 284 (Wayzata)220,490,000 16,197,231 204,292,769 0.92 1,879,493
<br />Hennepin County 1,053,595,000 16,561,484 1,037,033,516 1.91 19,807,340
<br />Hennepin Suburban Park 52,890,000 7,347,459 45,542,541 2.72 1,238,757
<br />Hennepin Regional RR Authority 90,580,000 1,247,470 89,332,530 1.91 1,706,251
<br />Metropolitan Council 193,320,000 120,270,400 73,049,600 0.93 679,361
<br />1,818,955,000 167,517,292 1,651,437,708 64,014,620
<br />65,751,620$
<br />(1)
<br />Note 1:
<br />Note:
<br />Source 1:
<br />Source 2:
<br />
<br />Overlapping Debt:
<br />Applicable
<br />Percentage
<br />Governmental Unit
<br />City of Orono, Minnesota
<br />Direct and Overlapping Governmental Activities Debt
<br />as of December 31, 2020
<br />Estimated
<br />Statistical Section (Unaudited)
<br />Hennepin County
<br />Total Overlapping Debt
<br />Assessed value data used to estimate applicable percentages provided by the County Board of Equalization and
<br />Assessment. Debt outstanding data provided by the county.
<br />Overlapping governments are those that coincide,at least in part, with the geographic boundaries of the City. This
<br />schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents
<br />and businesses of the City. This process recognizes that, when considering the government’s ability to issue and repay
<br />long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this
<br />does not imply that every taxpayer is a resident and, therefore, responsible for repaying the debt of each overlapping
<br />government.
<br />Overlapping governments are those that coincide,at least in part, with the geographic boundaries of the City. This
<br />schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents
<br />and businesses of the City. Excludes revenue and special assessment bonds.
<br />Total Direct and Overlapping Debt
<br />The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable
<br />percentages were estimated by determining the portion of the county’s taxable assessed value that is within the
<br />government’s boundaries and dividing it by the county’s total taxable assessed value.DRAFT
<br />145
|