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CITY OF ORONO, MINNESOTA
<br />Ratio of Net General Bonded Debt to
<br />Assessed Value or Tax Capacity and Net
<br />Bonded Debt Per Capita
<br />Fiscal
<br />Assessed
<br />Value
<br />Gross
<br />Bonded
<br />Debt
<br />Service
<br />Funds
<br />Net
<br />Bonded
<br />Year Population (2)(in 1,000s)Debt (1)Available (1)Debt
<br />1986 7.172 $ 100,778 $ 1,722,088 $ 1,354,642 $ 367,446
<br />1987 7,212 103,552 1,504,562 1,158,862 345,700
<br />1988 7,284 107,415 1,350,789 1,035,242 315,547
<br />1989 7,379 14,352 (4)1.207,220 867,436 339,784
<br />1990 7,213 (5)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 />(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
<br />only tax supported debt burden. For purposes of this analysis. Debt Service Funds available
<br />do not include individual fund balance amounts in excess of the related individual bond issue
<br />amotmt included in gross bonded debt.
<br />(2) Population from Metropolitan Council estimate as of April 1, annually.
<br />(3) Rating history from Moody Investors Service.
<br />(4)Begirming with fiscal year 1989, the terminology for As.sessed Valuations is no longer
<br />used. Tax Capacity replaces Assessed Valuations and is determined in the same manner
<br />except using smaller percentages for each property class.
<br />(5) Federal census.
<br />(6) The rating for the 1991 Public Facilities Revenue Bonds issued by the City of Orono's
<br />Housing and Redevelopment Authority is Aa, as the City is making lease-purchase
<br />payments equal to the annual debt service requirement. While the intent is to continue the
<br />annual payments and budget annual appropriations, the City may terminate the lease as
<br />provided in the lease-purchase contract.
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