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CITY OF ORONO, MINNESOTA
<br />Ratio of Net General Bonded Debt to
<br />Tax Capacity and Net
<br />Bonded Debt Per Capita
<br />Last Ten Fiscal Years
<br />Debt
<br />Fiscal
<br />Year Population (2)
<br />Tax Capacity
<br />(in 1,000s)
<br />Gross
<br />Bonded
<br />Debt(l)
<br />Service
<br />Funds
<br />Available (1)
<br />Net
<br />Bonded
<br />Debt
<br />1989 7,379 $ 14,352 $ 1,207,220 $ 867,436 S 339,784
<br />1990 7.213 (4)12,892 1,010,710 694,251 316,459
<br />1991 7,303 14,379 4,811,055 928,917 3,882,138
<br />1992 7,365 13,165 5,561,340 1,253,423 4,307,917
<br />1993 7,330 11,739 5,734,084 1,518,649 4,215,435
<br />1994 7,380 12,169 5,362,830 1,349,726 4,013,104
<br />1995 7,476 12,912 5,142,297 1,361,687 3,780,610
<br />1996 7,530 *14,100 4,989,319 1,597,170 3,392,149
<br />1997 7,671 15,160 5,183,139 1,832,379 3,350,760
<br />1998 7,702 15,090 7,420,983 4,356,022 3,064,961
<br />(1) Includes bonds recorded in the General Long-Term Debt Account Group. Gross bonded debt
<br />has been reduced by Debt Service deferred special assessments receivable in order to reflect only
<br />tax supported debt burden. For purposes of this analysis, Debt Service Funds available do not
<br />include individual fund balance amounts in excess of the related individual bond issue amount
<br />included in gross bonded debt.
<br />(2) Population from Metropolitan Council estimate as of April 1, annually.
<br />(3) Rating history from Moody Investors Serv ’ice.
<br />(4) Federal census.
<br />* Estimate.
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