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City of San Leandro
<br />Notes to Basic Financial Statements
<br />For the year ended June 30, 2012
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<br />67
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<br />NOTE 7 - LONG-TERM DEBT
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<br />A. Governmental Activities Long-Term Debt
<br />Summary of changes in governmental activities long-term debt for the year ended June 30, 2012, were as follows:
<br />Balance Transfers/Balance Due within Due in more
<br />July 1, 2011 Additions Retirements Adjustments June 30, 2012 one year than one year
<br />Bonded Debt:
<br />2001 Certificates of
<br />Participation 3,775,000$ -$ (165,000)$ (3,610,000) -$ -$ -$
<br />2002 Tax
<br />Allocation Bonds 12,990,000 - (605,000) (12,385,000) - - -
<br />2003 Certificates of
<br />Participation 9,875,000 - (385,000) - 9,490,000 400,000 9,090,000
<br />2004 Tax
<br />Allocation Bonds 5,200,000 - (110,000) (5,090,000) - - -
<br /> 2007 Certificates of
<br /> Participation 20,770,000 - (745,000) - 20,025,000 775,000 19,250,000
<br /> 2008 Tax
<br /> Allocation Bonds 26,730,000 - (495,000) (26,235,000) - - -
<br /> 2012 Taxable Pension
<br /> Obligation Bond - 18,305,000 - - 18,305,000 720,000 17,585,000
<br />Total Bonded Debt 79,340,000 18,305,000 (2,505,000) (47,320,000) 47,820,000 1,895,000 45,925,000
<br />Capital Lease:
<br /> 2005 Police CAD/RMS 396,429 - (394,370) (2,059) - - -
<br /> 2010 Pumper Fire Truck 376,454 - (88,664) 287,790 92,202 195,588
<br />Bayfair Mall Debt
<br />with Agency Commitment 700,000 - (250,000) (450,000) - - -
<br />Owner Participation Agreements
<br />w/ Agency Commitment 2,421,193 - (79,832) (2,341,361) - - -
<br />HUD 108 Guarantee Notes
<br />Affordable Housing 559,000 - (63,000) 496,000 63,000 433,000
<br />HUD 108 Guarantee Loan -
<br /> Senior Center 2,500,000 - (131,000) 2,369,000 131,000 2,238,000
<br />San Leandro USD 1,315,360 - - (1,315,360) - - -
<br />Total General Long-Term
<br />Obligations 87,608,436$ 18,305,000 (3,511,866)$ (51,428,780)$ 50,972,790$ 2,181,202$ 48,791,588$
<br />Plus unamortized:
<br /> Discount (2002 TAB)(69,822)$ -$ -$ 69,822$ - - -$
<br />Discount (2007 COP) (40,747) - 2,264 (38,483) (2,264) (36,219)
<br />Discount (2012POB)- (121,423) 1,265 (120,158) (10,119) (110,039)
<br /> Premium (2003 COP)412,318 - (23,495) 388,822 23,495 365,327
<br /> Premium (2008 TAB)182,612 - - (182,612) - - - - -
<br />Total General Long-Term
<br />Obligations, net 88,092,797$ 18,183,577$ (3,531,832)$ (51,541,570)$ 51,202,971$ 2,192,314$ 49,010,657$
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