|
CITY OF ORONO
<br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
<br />DECEMBER 31, 2015
<br />
<br />
<br />
<br />(85)
<br />
<br />Estimated Share
<br />Gross Bonded of Overlapping
<br />Debt Sinking Funds Net Debt Debt
<br />Direct Debt:
<br />City of Orono 10,805,000$ 699,783$ 10,105,217$ 100.00 % 10,105,217$
<br />ISD No. 278 (Orono) 49,315,000 1,844,304 47,470,696 51.73 24,556,591
<br />ISD No. 276 (Minnetonka) 108,315,169 16,444,590 91,870,579 0.20 183,741
<br />ISD No. 277 (Westonka) 27,720,000 713,542 27,006,458 26.70 7,210,724
<br />ISD No. 284 (Wayzata) 175,909,756 16,366,724 159,543,032 0.99 1,579,476
<br />Hennepin County 706,625,000 17,108,816 689,516,184 2.09 14,410,888
<br />Hennepin Suburban Park 63,510,000 13,913,503 49,596,497 2.85 1,413,500
<br />Hennepin Regional RR Authority 34,695,000 305,502 34,389,498 2.85 980,101
<br />Metropolitan Council 206,020,000 138,855,520 67,164,480 0.97 651,495
<br />50,986,517
<br />61,091,734$
<br />(1)
<br />Note:
<br />Source 1:
<br />Source 2:
<br />Overlapping Debt:
<br />Applicable
<br />Percentage
<br />Estimated
<br />Governmental Unit
<br />Hennepin County
<br />School Districts:
<br />Total Overlapping Debt
<br />Total Direct and 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 />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.
<br />
<br />
|