Laserfiche WebLink
<br /> <br /> <br />Debt Administration. At the end of the current fiscal year, the City’s total long-term debt outstanding is <br />$86.5 million, an increase of $2.0 million from the prior fiscal year. The net increase will be explained <br />below. <br /> <br />At the end of the current fiscal year, the City’s total long-term debt outstanding for governmental activities <br />is $44.5 million, a decrease of $2.2 million from the prior fiscal year. The net decrease primarily reflects <br />normal debt amortization. <br /> <br />At the end of the current fiscal year, the City’s total long-term debt outstanding for business-type activities <br />is $42.1 million, an increase of $4.2 million from the prior fiscal year. The net increase primarily reflects <br />additional loans secured from the State Water Resources Board to finance the Wastewater System <br />Expansion and Improvement Project. <br /> <br />Additional information on the City’s long-term debt obligations can be found in Note 7 of the notes to the <br />financial statements. <br /> <br />The following is a summary of the City’s outstanding debt: <br /> <br /> ECONOMIC FACTORS AND NEXT YEAR’S BUDGET <br /> <br />The economy of the City and major initiative are discussed in the Transmittal Letter located in the <br />Introductory Section of the CAFR. <br /> <br />REQUESTS FOR INFORMATION <br /> <br />This financial report is designed to provide a general overview of the City’s finances for all of its citizens, <br />taxpayers, customers, investors and creditors. Questions concerning any of the information provided in <br />this report or requests for additional information should be addressed to the City of San Leandro, Finance <br />Department, 835 East 14th Street, San Leandro, CA 94577. <br />City of San Leandro <br />Outstanding Debt <br />Year Ended June 30,2015 <br /> (in thousands) <br />2015 2014 2015 2014 2015 2014 <br />Revenue bonds and notes 24,158$ 25,418$ -$ -$ 24,158$ 25,418$ <br /> (backed by specific tax and fee revenues) <br />Certificates of participation 17,605 18,445 - - 17,605 18,445 <br />Other loans 2,691 2,802 42,092 37,915 44,784 40,717 <br />Total 44,454$ 46,665$ 42,092$ 37,915$ 86,547$ 84,580$ <br />Governmental Activities Business-Type Activities Total <br />18