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173
<br />Table 12
<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 />2015 28,986,667$ 1,154,728$ 9,423,440$ 18,408,499$ 86.72%771$
<br />2016 25,728,333 1,556,232 9,284,303 14,887,798 67.58%611
<br />2017 15,331,667 1,608,880 -13,722,787 60.01%559
<br />2018 14,220,000 1,473,230 -12,746,770 53.01%512
<br />2019 13,076,667 1,553,879 -11,522,788 44.31%456
<br />2020 26,676,667 7,510,704 -19,165,963 68.89%749
<br />2021 24,646,667 2,019,928 -22,626,739 76.94%876
<br />2022 23,410,000 1,915,672 -21,494,328 68.06%814
<br />2023 21,523,333 1,713,055 -19,810,278 52.10%734
<br />2024 20,245,000 1,841,009 -18,403,991 43.13%669
<br />Note: Details regarding the city's outstanding debt can be found in the notes to the financial statements.
<br />1 Only includes debt supported by tax levy; does not include sales tax revenue bonds.
<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 />City of Elk River
<br />Ratios of General Bonded Debt Outstanding
<br />Last Ten Fiscal Years
<br />Page 363 of 637
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