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City of San Leandro
<br />Computation of Legal Debt Margin
<br />Last Ten Fiscal Years
<br />2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
<br />Assessed Valuation:
<br />Secured property assessed value 7,039,121,000$ 7,550,940,000$ 8,297,243,000$ 8,885,171,000$ 9,044,651,000$ 8,883,400,000$ 8,885,535,000$ 9,349,154,000$ 9,942,218,000$ 9,900,077,000$
<br />Addback: Exemptions 182,526,000 201,155,000 193,142,000 180,546,000 207,657,000 218,845,000 224,007,000 236,917,000 322,596,000 1,104,630,000
<br />Total Assessed Valuation 7,221,647,000$ 7,752,095,000$ 8,490,385,000$ 9,065,717,000$ 9,252,308,000$ 9,102,245,000$ 9,109,542,000$ 9,586,071,000$ 10,264,814,000$ 11,004,707,000$
<br />Bonded debt (15% of Assessed Value)1,083,247,050$ 1,162,814,250$ 1,273,557,750$ 1,359,857,550$ 1,387,846,200$ 1,365,336,750$ 1,366,431,300$ 1,437,910,650$ 1,539,722,100$ 1,650,706,050$
<br />Total Bonded Debt 68,926,350 66,215,025 63,802,461 88,653,126 87,662,234 84,549,436 99,120,825 46,698,820 44,557,992 42,478,441
<br /> Less:
<br /> Special assessment bonds (565,000) (435,000) (300,000) (155,000) - - - - - -
<br /> Certificates of Participation (40,245,000) (39,085,000) (38,015,000) (36,860,000) (35,660,000) (34,420,000) (29,515,000) (19,250,000) (18,445,000) (17,605,000)
<br /> Capital Leases (2,609,740) (2,155,005) (1,683,455) (1,237,267) (1,238,241) (772,883) (287,790) (980,820) (694,992) (715,441)
<br />Amount of Debt subject to Limit 25,506,610 24,540,020 23,804,006 50,400,859 50,763,993 49,356,553 69,318,035 26,468,000 25,418,000 24,158,000
<br />Legal Debt Margin 1,057,740,440$ 1,138,274,230$ 1,249,753,744$ 1,309,456,691$ 1,337,082,207$ 1,315,980,197$ 1,297,113,265$ 1,411,442,650$ 1,514,304,100$ 1,626,548,050$
<br />Prior periods restated from previous CAFRs.
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<br />Notes: The City implemented GASB 34 for the fiscal year ended June 30, 2003. Information prior to the implementation is not available.
<br />Source: County of Alameda office of Auditor-Controller
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