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City of Elk River <br />Direct and Overlapping Governmental Activities Debt <br />December 31, 2022 <br />Direct Debt: <br />City of Elk River <br />Overlapping Debt: <br />Sherburne County <br />School District #728 <br />Total overlapping debt <br />Total direct and overlapping debt <br />Debt Ratios: <br />Ratio of debt per capita (26,406 population) <br />Ratios of debt to taxable market value of $2,789,820,539 <br />Outstanding <br />Debt <br />$ 63,364,308 <br />39,192,790 <br />288,640,000 <br />327,832,790 <br />$ 391,197,098 <br />1 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 governments 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 borne 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 />Source: Sherburne County and School District #728 <br />Table 13 <br />Percent <br />of Debt <br />City's <br />Applicable <br />Share <br />to City' <br />of Debt <br />100.00% <br />$ 63,364,308 <br />25.36% 9,940,253 <br />29.78% 85,952,451 <br />95,892,704 <br />$ 159,257,012 <br />$6,223 <br />5.71 % <br />167 <br />