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<br />Overlapping Debt Statement <br /> <br />Set forth below is a direct and overlapping debt report (the "Debt Report") prepared by <br />California Municipal Statistics, Inc. and dated April 1, 2007. This Debt Report is included for <br />general information purposes only. The City has not reviewed the Debt Report for <br />completeness or accuracy and makes no representation in connection therewith. <br /> <br />CITY OF SAN LEANDRO <br />Direct and Overlapping Debt <br />April 1 , 2007 <br /> <br />2006-07 Assessed Valuation: <br />Redevelopment Incremental Valuation: <br />Adjusted Assessed Valuation: <br /> <br />$8,988,447,329 <br />1.175.567,980 <br />$7,812,879,349 <br /> <br />OVERLAPPING TAX AND ASSESSMENT DEBT: <br />Bay Area Rapid Transit District <br />Chabot-Las Positas Community College District <br />San Leandro Unified School District <br />San Lorenzo Unified School District <br />East Bay Municipal Utility District <br />East Bay Regional Park District <br />City of San Leandro Cherrywood Community Facilities District <br />City of San Leandro 1915 Act Bonds <br />TOTAL GROSS OVERLAPPING TAX AND ASSESSMENT DEBT <br />Less: East Bay Municipal Utility District (100% self-supporting) <br />TOTAL NET OVERLAPPING TAX AND ASSESSMENT DEBT <br /> <br />DIRECT AND OVERLAPPING GENERAL FUND DEBT; <br />Alameda County General Fund Obligations <br />Alameda County Pension Obligations <br />Alameda County Superintendent of Schools Certificates of Participation <br />Alameda-Contra Costa Transit District Certificates of Participation <br />Chabot-Las Positas Community College District General Fund Obligations <br />San Leandro Unified School District Certificates of Participation <br />San Lorenzo Unified School District Certificates of Participation <br />City of San Leandro Certificates of Participation <br />TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT <br /> <br />GROSS COMBINED TOTAL DEBT <br />NET COMBINED TOTAL DEBT <br /> <br />% Applicable <br />1.982% <br />10.636 <br />88.842 <br />27.520 <br />5.668 <br />2.880 <br />100. <br />100. <br /> <br />4.982% <br />4.982 <br />4.982 <br />5.995 <br />10.636 <br />88.842 <br />27.520 <br />100. <br /> <br />Debt 4/1/07 <br />$ 1,728,007 <br />52,004,108 <br />70,487,243 <br />5,495,744 <br />62,065 <br />4,789,296 <br />4,815,000 <br />435.000 <br />$139,816,463 <br />62.065 <br />$139,754,398 <br /> <br />$29,700,741 <br />12,695,473 <br />24,412 <br />1,133,355 <br />547,222 <br />1,492,546 <br />3,673,920 <br />39.590.000 (1) <br />$88,857,669 <br /> <br />$228,674,132 (2) <br />$228.612,067 <br /> <br />(1) Excludes lease revenue bonds to be sold. <br />(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and tax allocation bonds <br />and non-bonded capital lease obligations. <br /> <br />Ratios to 2006-07 Assessed Valuation: <br />Total Gross Overlapping Tax and Assessment DebL.... 1.56% <br />Total Net Overlapping Tax and Assessment Debt........... 1.55% <br /> <br />Ratios to Adiusted Assessed Valuation: <br />Combined Direct Debt ($39,590,000).............................0.51% <br />Gross Combined Total Debt..............................................2.93% <br />Net Combined Total Debt..................................................2.93% <br /> <br />STATE SCHOOL BUILDING AID REPAYABLE AS OF 6/30106: $0 <br /> <br />Source: California Municipal Statistics, Inc. <br /> <br />-29- <br />