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i <br /> CITE'OF ELK RIVER,MINNESOTA <br /> DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT <br /> DECEMBER 31,2012 <br /> Percent <br /> of Debt City's <br /> Outstanding Applicable Share <br /> Debt to City' of Debt <br /> Direct Debt: <br /> City of Elk River2 $ 32,024,972 100.00% $ 32,024,972 <br /> Overlapping Debt: <br /> Sherburne County 19,110,000 26.84 5,129,984 <br /> School District#728 166,240,000 32.63 54,235,966 <br /> Total overlapping debt 185,350,000 59,365,950 <br /> Total direct and overlapping debt $ 217,374,972 $ 91,390,922 <br /> I <br /> I <br /> I <br /> Debt Ratios: <br /> Ratio of debt per capita(23,220 population) $3,936 <br /> Ratios of debt to taxable market value of$1,943,882,400 4.91% <br /> I <br /> i <br /> i <br /> Source: Sherburne County and School District#728 <br /> ' The percentage of overlapping debt applicable is estimated using taxable market property values. <br /> Applicable percentages were estimated by determining the portion of the county's and school <br /> district's taxable market value that is within the city's boundaries and dividing it by the county's <br /> and school district's total taxable market value. <br /> 2 Excludes debt payable from enterprise revenue. <br /> Note: Overlapping governements are those that coincide,at least in part,with the geographic <br /> boundaries of the city. This schedule estimates the portion of the outstanding debt of those <br /> overlapping governments that is borne by the residents and business of the City of Elk River. <br /> This process recognizes that,when considering the city's ability to issue and repay <br /> long-term debt,the entire debt burden bonne by the residents and businesses should be taken <br /> into account. However,this does not imply that every taxpayer is a resident,and therefore <br /> responsible for repaying the debt of each overlapping government. <br /> III <br /> �I <br /> 107 <br /> II <br />