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CITY OF ORONO. MINNESOTA <br />Ratio of Net General Bonded EXbt to <br />Assessed Value or Tax Capacity and Net <br />Bonded Debt Per Capita <br />Debt <br />Fiscal <br />Year Bipulation (2) <br />Assessed <br />\'aluc <br />(in 1,000s) <br />Gross <br />Bonded <br />Debt(l) <br />Scrxice <br />Funds <br />Available (1) <br />Net <br />Binded <br />Debt <br />1986 7.172 $ 100.778 $ 1.722.088 $ 1.354.M2 $367.446 <br />1987 7.212 103.552 1.504,562 1.158.862 345.7(H) <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 />199<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 7,303 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 12.911 5.362.830 1.349.726 4.013.104 <br />(1)Includes Kinds rcairdcd in the General Umg-Tcmi EXbt Account Group. Prior to 1986. <br />the General Uing-Tcrm Debt Account Group did not include any uix supported bonded <br />debt. In 1986, the Special Assessment Fund Type was eliminated and such bonds were <br />reairded in the General Long-Term Debt Account Group. Gross Kmded debt has been <br />reduced by Debt Service deferred special assessments receivable in order to reflect only <br />tax suppoiled debt burden. Debt Scn ice Funds available include amounts in Debt Serx ice <br />Funds established in 1986 to sers ice general obligation debt previously recorded in Spe-cial <br />Assessment Funds. For purposes of this analysis. EXbt Serviee Funds available do not <br />include individual fund balance amounts in excess of the related individiuil Kmd issue <br />amount included in gross bonded debt. <br />(2)Population from Metropolium Council estimate as of April 1. annually. <br />(3)Rating history from Muidy Investors Serx ice. <br />(4)Beginning with fiscal year 1989. the terminology for Assessed X'aluations 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)Tlie rating for the 1991 Public Facilities Revenue Binds issued by the City of Orono’s <br />Housing and Redevelopment Authority is At. as the City is making lease-purchase <br />payments cqu.il to the annual debt serx ice requirement. Wliile the intent is to continue the <br />annual jxiyments and budget annual appriipriations. the City may termin.ite the lease as <br />provided in the lease-purchase contract. <br />• <br />I: <br />W. <br />-120-