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CITY OF ELK RIVER,MINNESOTA
<br /> RATIOS OF GENERAL BONDED DEBT OUTSTANDING
<br /> LAST TEN FISCAL YEARS
<br /> Less
<br /> Amounts Percentage Net
<br /> General Restricted Net of Net Bonded Bonded
<br /> Fiscal Bonded for Debt Bonded Debt to Tax Debt per
<br /> Year Debt' Service Debt Capacity2 Capita
<br /> 2004 $ 8,420,967 $ 791,375 $ 7,629,592 48.90% $ 376.96
<br /> 2005 8,455,201 813,832 7,641,369 43.86% 354.62
<br /> 2006 11,474,334 2,842,412 8,631,922 42.98% 382.79
<br /> 2007 17,792,017 4,253,142 13,538,875 59.74% 583.90
<br /> 2008 18,391,033 3,712,036 14,678,997 57.96% 614.49
<br /> 2009 17,471,716 3,027,915 14,443,801 55.65% 611.17
<br /> 2010 18,040,733 3,787,324 14,253,409 54.92% 620.41
<br /> 2011 17,120,000 3,234,939 13,885,061 57.13% 601.06
<br /> 2012 23,286,667 3,044,599 20,242,068 100.20% 871.75
<br /> 2013 22,456,667 4 2,329,723 20,126,944 99.63% 864.82
<br /> Note: Details regarding the city's outstanding debt can be found in the notes to the financial
<br /> statements.
<br /> ' Only includes debt supported by tax Ievy.
<br /> 2 See the Schedule of Tax Capacity,Market Value and Estimated Actual Value of Taxable
<br /> Property for property value data.
<br /> 3 Population data can be found in the Schedule of Demographic and Economic Statistics.
<br /> 4 Excludes$9,685,000 refunding debt payable through cash with fiscal agent.
<br /> 105
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