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City of Sunny Isles Beach, Florida Table 11 <br />Direct and Overlapping Governmental Activities Debt <br />As of September 30, 2023 <br />(Amounts Expressed in Thousands) <br />Jurisdiction <br />Debt repaid with property taxes: <br />Miami -Dade County $ 2,336,015 3.75% $ 87,601 <br />Miami -Dade School District Board 3,120 3.75% 117 <br />Subtotal, overlapping debt 87,718 <br />City of Sunny Isles Beach $ 11,934 11,934 <br />Total direct and overlapping debt $ 99,652 <br />Source: Miami -Dade County, Florida, Accounting Division and the School Board <br />of Miami -Dade County. <br />(1) Debt outstanding for Miami -Dade County is unaudited. <br />(2) Based on ratio of assessed taxable value. <br />103 <br />Amount <br />Percentage <br />Applicable <br />Applicable to <br />to City of <br />Net Debt City of Sunny <br />Sunny <br />Outstanding (1) Isles Beach (2) <br />Isles Beach <br />Debt repaid with property taxes: <br />Miami -Dade County $ 2,336,015 3.75% $ 87,601 <br />Miami -Dade School District Board 3,120 3.75% 117 <br />Subtotal, overlapping debt 87,718 <br />City of Sunny Isles Beach $ 11,934 11,934 <br />Total direct and overlapping debt $ 99,652 <br />Source: Miami -Dade County, Florida, Accounting Division and the School Board <br />of Miami -Dade County. <br />(1) Debt outstanding for Miami -Dade County is unaudited. <br />(2) Based on ratio of assessed taxable value. <br />103 <br />