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CITY OF ORONO, MINNESOTA
<br />Computation of Direct and Overlapping Debt
<br />December 31,1995
<br />Table 10
<br />Net Debt
<br />Sinking Applicable to Orono
<br />Governmental Unit Gross Debt (I)Funds Net Debt Percent Amount
<br />Direct debt
<br />City of Orono $5,142.297 $ 1,361,687 $ 3.780.610 100000 % $3,780.610
<br />Overlapping debt
<br />School districts
<br />No. 278 (Orono)5.860,(X)0 621,494 5.238,506 48.739 2,553,195
<br />No. 276 (Minnetonka)20.239,640 945.464 19.294.176 0.164 31,642
<br />No. 277 (Westonka)14.175.000 900,609 13,274,391 25.071 3.328.023
<br />No. 284 (Wayzaia)115.112.042 42,017.206 73,094,836 1.431 1.045.987
<br />Hennepin County 80.495,000 6,081,905 74,413,095 1.532 1,140,009
<br />Metro council 100.140.000 10.514,473 89,625,527 0.830 743.892
<br />Hennepin Suburban Park Disnict 18.245,000 2,196,754 16,048,246 2.095 336.211
<br />Metro Regional Transit District 1,400.000 —1.400,000 0.914 _12,796
<br />Total overlapping debt 355,666.682 63.277,905 292,388,777 9,191.755
<br />Total direct and
<br />overlapping debt 360.808,979 S 64,639,592 S 296,169,387 $_12,972,365
<br />Gross bonded debt used for the net debt calculation excludes revenue bonds for all governmental units except
<br />the City of Orono.
<br />-121-
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