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10A Action 2015 0217
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10A Action 2015 0217
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Last modified
3/19/2015 9:13:18 AM
Creation date
2/23/2015 11:21:11 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
2/17/2015
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_CC Agenda 2015 0217 CS+RG
(Reference)
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\City Clerk\City Council\Agenda Packets\2015\Packet 2015 0217
Reso 2015-034
(Reference)
Path:
\City Clerk\City Council\Resolutions\2015
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Debt Administration. At the end of the current fiscal year, the City's total long-term debt outstanding is <br />$46.7 million, a decrease of $2.3 million from the prior fiscal year. The net decrease primarily reflects <br />normal debt amortization. <br />Additional information on the City's long-term debt obligations can be found in Note 7 of the notes to <br />the financial statements. <br />The following is a summary of the City's outstanding debt: <br />Revenue bonds and notes <br />(backed by specific tax and fee revenues) <br />Certificates of participation <br />Other loans <br />Total <br />City of San Leandro <br />Outstanding Debt <br />Year Ended June 30,2014 <br />(in thousands) <br />Governmental Activities Business -Type Activities Total <br />2014 2013 2014 2013 2014 2013 <br />$ 25,418 $ 26,468 $ - $ - $ 25,418 $ 26,468 <br />18,445 19,250 - - 18,445 19,250 <br />2,802 3,219 37,915 23,427 40,717 26,646 <br />$ 46,665 $ 48,937 $ 37,915 $ 23,427 $ 84,580 $ 72,364 <br />ECONOMIC FACTORS AND NEXT YEAR'S BUDGET <br />The economy of the City and major initiative are discussed in the Transmittal Letter located in the <br />Introductory Section of the CAFR. <br />REQUESTS FOR INFORMATION <br />This financial report is designed to provide a general overview of the City's finances for all of its <br />citizens, taxpayers, customers, investors and creditors. Questions concerning any of the information <br />provided in this report or requests for additional information should be addressed to the City of San <br />Leandro, Finance Department, 835 East 14th Street, San Leandro, CA 94577. <br />
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