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<br />Table 10
<br />CITY OF ORONO, MINNESOTA
<br />Computation of Direct and Overlapping Debt
<br />December 31, 1998
<br />Sinking
<br />Net Debt
<br />Applicable to Orono
<br />Governmental Unit Gross Debt (1)Funds Net Debt Percent Amount
<br />Direct debt
<br />City of Orono S 7,420,983 S 4,356,022 S 3,064,961 100.00 */o $3,064,961
<br />Overlapping debt
<br />School distnets
<br />No. 278 (Orono)13,920,000 286,430 13,633,570 49.39 6,733,620
<br />No. 276 (Minnetonka)56,140,000 24,053,313 32,086,687 0.13 41,713
<br />No. 277 (Westonka)12,675,000 373,365 12,301,635 24.47 3,010,210
<br />No. 284 (Wayzata)97,770,000 11,130,751 86,639,249 1.21 1,048,335
<br />Hennepin County 147,500,000 4,232,128 143,267,872 1.58 2.263,632
<br />Metro council 132,875,000 28,826,811
<br />104,048,189 0.80 832,386
<br />Hennepin Suburban Park District 15,165,000 2,758,047 12,406,953 2.10 260,546
<br />Total overlapping debt 476,045,000 71,660,845 404,384,155 14,190,442
<br />Total direct and
<br />overlapping debt S 483.465.983 S 76.016.867 S 407.449.116 $17.255.403
<br />Gross bonded debt used for the net debt calculation excludes revenue bonds for all governmental units except the City of
<br />Orono.
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