|
124
<br />CITY OF ELK RIVER, MINNESOTA
<br />RATIOS OF GENERAL BONDED DEBT OUTSTANDING
<br />LAST TEN FISCAL YEARS
<br />Less
<br />Amounts Less Percentage Net
<br />General Restricted Cash with Net of Net Bonded Bonded
<br />Fiscal Bonded for Debt Fiscal Bonded Debt to Tax Debt per
<br />Year Debt1 Service Agent Debt Capacity2 Capita3
<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 56.94%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 93.74%874.50
<br />2013 32,141,667 2,329,723 9,712,875 20,099,069 99.50%860.04
<br />2014 31,001,667 1,599,852 9,580,144 19,821,671 97.65%837.91
<br />2015 28,986,667 1,154,728 9,423,440 18,408,499 86.72%770.88
<br />2016 25,728,333 1,298,327 9,284,303 15,145,703 68.75%621.54
<br />2017 15,331,667 1,427,230 - 13,904,437 60.80%564.07
<br />Note: Details regarding the city's outstanding debt can be found in the notes to the financial
<br /> statements.
<br />1 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.
|