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<br />89 <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />CITY OF ELK RIVER, MINNESOTA <br />RATIOS OF GENERAL BONDED DEBT OUTSTANDING <br />LAST TEN FISCAL YEARS <br /> <br /> Less <br /> Amount Percentage Net <br /> General in Debt Net of Net Bonded Bonded <br />Fiscal Bonded Service Bonded Debt to Tax Debt per <br />Year Debe Funds Debt C . 2 C . 3 <br /> apaclty aplta <br />1996 $ 568,825 $ 189,144 $ 379,681 3.55 $ 27 <br />1997 748,750 189,274 559,476 4.69 38.15 <br />1998 700,675 241,900 458,775 3.70 29.20 <br />1999 645,425 282,300 363,125 2.93 21.95 <br />2000 612,450 282,300 330,150 2.50 20.07 <br />2001 559,925 199,967 359,958 2.47 20.71 <br />2002 8,661,650 584,853 8,076,797 66.39 446.68 <br />2003 8,612,950 704,885 7,908,065 56.51 421.58 <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 /> <br />Note: Details regarding the city's outstanding debt can be found in the notes to the financial <br />statements. <br />I 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 on page 83-84 for property value data. <br />3 Population data can be found in the Schedule of Demographic and Economic Statistics on page 95. <br />