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CITY OF ELK RIVER, MINNESOTA
<br />RATIOS OF GENERAL BONDED DEBT OUTSTANDING
<br />LAST TEN FISCAL YEARS
<br />Less
<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 levy.
<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 />-150-
<br />Percentage
<br />of Net Bonded
<br />Debt to Tax
<br />Capacity2
<br />Net
<br />Bonded
<br />Debt per
<br />Capita3
<br />Amounts
<br />Less
<br />59.74
<br />583.90
<br />General
<br />Restricted
<br />Cash with
<br />Net
<br />Fiscal
<br />Bonded
<br />for Debt
<br />Fiscal
<br />Bonded
<br />Year
<br />Debt'
<br />Service
<br />Agent
<br />Debt
<br />2006
<br />$ 11,474,334
<br />$ 2,842,412
<br />$ -
<br />$ 8,631,922
<br />2007
<br />17,792,017
<br />4,253,142
<br />-
<br />13,538,875
<br />2008
<br />18,391,033
<br />3,712,036
<br />-
<br />14,678,997
<br />2009
<br />17,471,716
<br />3,027,915
<br />-
<br />14,443,801
<br />2010
<br />18,040,733
<br />3,787,324
<br />-
<br />14,253,409
<br />2011
<br />17,120,000
<br />3,234,939
<br />-
<br />13,885,061
<br />2012
<br />23,286,667
<br />3,044,599
<br />-
<br />20,242,068
<br />2013
<br />32,141,667
<br />2,329,723
<br />9,712,875
<br />20,099,069
<br />2014
<br />31,001,667
<br />1,599,852
<br />9,580,144
<br />19,821,671
<br />2015
<br />28,986,667
<br />1,154,728
<br />9,423,440
<br />18,408,499
<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 levy.
<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 />-150-
<br />Percentage
<br />of Net Bonded
<br />Debt to Tax
<br />Capacity2
<br />Net
<br />Bonded
<br />Debt per
<br />Capita3
<br />42.98 %
<br />$ 382.79
<br />59.74
<br />583.90
<br />57.96
<br />614.49
<br />55.65
<br />611.17
<br />56.94
<br />620.41
<br />57.13
<br />601.06
<br />93.74
<br />871.75
<br />99.50
<br />860.04
<br />97.65
<br />837.91
<br />86.72
<br />770.88
<br />
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