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Estimated Share
<br />Total Debt of Overlapping
<br />Outstanding Sinking Funds Net Debt Debt
<br />Direct Debt:
<br />City of Orono $2,300,000 $876,100 $1,423,900 100.00 %1,423,900$
<br />ISD No. 276 (Minnetonka)115,160,000 1,881,724 113,278,276 0.25 283,196
<br />ISD No. 277 (Westonka)30,120,000 794,441 29,325,559 25.63 7,516,141
<br />ISD No. 278 (Orono)55,565,000 3,335,715 52,229,285 52.91 27,634,515
<br />ISD No. 284 (Wayzata)212,485,000 16,452,753 196,032,247 0.89 1,744,687
<br />Hennepin County 1,027,985,000 9,098,977 1,018,886,023 2.03 20,683,386
<br />Hennepin Suburban Park 53,865,000 6,214,099 47,650,901 2.81 1,338,990
<br />Hennepin Regional RR Authority 86,235,000 770,202 85,464,798 2.03 1,734,935
<br />Metropolitan Council 218,520,000 135,460,603 83,059,397 1.10 913,653
<br />1,799,935,000 174,008,514 1,625,926,486 61,849,503
<br />63,273,403$
<br />(1)
<br />Note 1:
<br />Note:
<br />Source 1:
<br />Source 2:
<br />
<br />Overlapping Debt:
<br />Applicable
<br />Percentage
<br />Governmental Unit
<br />City of Orono, Minnesota
<br />Direct and Overlapping Governmental Activities Debt
<br />as of December 31, 2022
<br />Estimated
<br />Statistical Section (Unaudited)
<br />Hennepin County
<br />Total Overlapping Debt
<br />Assessed value data used to estimate applicable percentages provided by the County Board of Equalization and Assessment.
<br />Debt outstanding data provided by the county.
<br />Overlapping governments are those that coincide,at least in part, with the geographic boundaries of the City. This schedule
<br />estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of
<br />the City. This process recognizes that, when considering the government’s ability to issue and repay long-term debt, the entire
<br />debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every
<br />taxpayer is a resident and, therefore, responsible for repaying the debt of each overlapping government.
<br />Overlapping governments are those that coincide,at least in part, with the geographic boundaries of the City. This schedule
<br />estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of
<br />the City. Excludes revenue and special assessment bonds.
<br />Total Direct and Overlapping Debt
<br />The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages
<br />were estimated by determining the portion of the county’s taxable assessed value that is within the government’s boundaries and
<br />dividing it by the county’s total taxable assessed value.
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