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<br />42
<br />Estimated Direct and Overlapping Bonded Debt
<br />The estimated direct and overlapping bonded debt of the City as of September 1, 2018
<br />is set forth below.
<br />TABLE 17
<br />CITY OF SAN LEANDRO DIRECT AND OVERLAPPING BONDED DEBT
<br />as of September 1, 2018
<br />OVERLAPPING TAX AND ASSESSMENT DEBT: % Applicable As of 9/1/2018 Alameda County 4.60% $11,028,000
<br />Bay Area Rapid Transit District 1.772 14,347,175
<br />Chabot-Las Positas Community College District 10.651 70,446,779
<br />San Leandro Unified School District 89.117 188,379,150 San Lorenzo Unified School District 22.311 25,146,728 East Bay Regional Park District 2.806 5,038,313
<br />City of San Leandro Cherrywood Community Facilities District 100.000 2,450,000
<br /> TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT
<br />
<br />$316,836,145
<br /> DIRECT AND OVERLAPPING GENERAL FUND DEBT: Alameda County General Fund Obligations 4.60% $41,590,838
<br />Alameda County Pension Obligation Bonds 4.595 410,670 Alameda-Contra Costa Transit District Certificates of Participation 5.440 623,696
<br />San Leandro Unified School District Certificates of Participation 89.117 4,037,000
<br />San Lorenzo Unified School District Certificates of Participation 22.311 2,299,149 City of San Leandro General Fund Obligations 100.000 25,593,766 (2) City of San Leandro Pension Obligation Bonds 100.000 11,625,000
<br /> TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT $86,180,119
<br /> OVERLAPPING TAX INCREMENT DEBT (Successor Agencies):
<br /> San Leandro Tax Allocation Bonds 100.000% $13,415,000
<br />Alameda County – San Leandro Tax Allocation Bonds 56.718 10,810,451
<br /> TOTAL OVERLAPPING TAX INCREMENT DEBT
<br />
<br />$24,225,451
<br /> COMBINED TOTAL DEBT $427,241,715 (2)
<br />Ratios to 2018-19 Assessed Valuation: Total Overlapping Tax and Assessment Debt ........................ 2.38%
<br /> Total Direct Debt ($37,218,766) ............................................ 0.28% Combined Total Debt ............................................................. 3.21% Ratios to Redevelopment Successor Agency Incremental Valuation ($3,014,705,950):
<br /> Total Overlapping Tax Increment Debt .................................. 0.80% (1) The secured assessed values within the City for fiscal year 2018-19 totaled $13,315,574,856. (2) Excludes the 2018 Bonds. (3) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations. Source: California Municipal Statistics, Inc. Risk Management
<br />The City uses a program of self–insurance for workers’ compensation and general
<br />liability claims to minimize losses. The City also participates in a multi–agency joint powers
<br />authority to provide excess insurance coverage for liability coverage. The multi–agency joint powers authority and the City rely on estimates prepared by professional actuaries to set aside
<br />funds adequate to meet potential future losses. See “APPENDIX A – AUDITED FINANCIAL
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