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City of San Leandro
<br />Computation of Legal Debt Margin
<br />Last Ten Fiscal Years
<br />2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
<br />Assessed Valuation:
<br />Secured property assessed value 6,016,771,705$ 7,043,305,510$ 7,554,407,513$ 8,300,642,672$ 8,886,531,894$ 9,318,787,490$ 8,890,723,914$ 8,864,732,304$ 8,893,409,893$ 9,359,287,988$
<br />Addback: exempt real property 164,387,247 178,341,424 197,687,046 190,742,425 179,186,095 206,520,301 211,520,769 230,185,749 216,131,933 226,783,107
<br />Total Assessed Valuation 6,181,158,952$ 7,221,646,934$ 7,752,094,559$ 8,491,385,097$ 9,065,717,989$ 9,525,307,791$ 9,102,244,683$ 9,094,918,053$ 9,109,541,826$ 9,586,071,095$
<br />Bonded debt (15% of Assessed Value)927,173,843$ 1,083,247,040$ 1,162,814,184$ 1,273,707,765$ 1,359,857,698$ 1,428,796,169$ 1,365,336,702$ 1,364,237,708$ 1,366,431,274$ 1,437,910,664$
<br />Total Bonded Debt 59,105,000 64,605,000 66,183,260 64,234,740 62,180,004 60,138,458 85,302,265 82,973,241 80,112,833 98,071,722
<br /> Less:
<br /> Special assessment bonds (1,045,000)(1,045,000)(815,000) (565,000)(435,000) (300,000) (155,000) -
<br /> Certificates of Participation (42,125,000)(42,125,000)(41,200,000) (40,245,000) (39,085,000) (38,015,000) (37,015,000) (35,660,000) (34,420,000) (29,515,000)
<br /> Lease CAD/RMS/Fire Truck --(3,048,260) (2,609,740) (2,175,004) (1,683,458) (1,237,265) (1,238,241) (772,883) (287,790)
<br />Amount of Debt subject to Limit 15,935,000 21,435,000 21,120,000 20,815,000 20,485,000 20,140,000 46,895,000 46,075,000 44,919,950 68,268,932
<br />Legal Debt Margin 911,238,843$ 1,061,812,040$ 1,141,694,184$ 1,252,892,765$ 1,339,372,698$ 1,408,656,169$ 1,318,441,702$ 1,318,162,708$ 1,321,511,324$ 1,369,641,732$
<br /> 171
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