8D Consent Calendar 2019 0603 - Laserfiche WebLink

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Debt Administration At the end of the cunent fiscal year, the City's total long-term debt outstanding is $79.3 million, a decrease of $5 .4 million from the prior fiscal year. At the end of the current fiscal year, the City's total long-term debt outstanding for governmental activities is $39.0 million, a decrease of $3.4 million from the prior fiscal year. The result reflects normal debt amortization as seen in Note 6 of the notes to the financial statements. At the end of the current fiscal year, the City's total long-term debt outstanding for business-type activities is $40.4 million, a decrease of $1.9 million from the prior fiscal year. The decrease reflects normal debt amortization for the State Water Resources Control Board Loan and Marina Cal Boating Loan. Additional information on the City's long-term debt obligations can be found in Note 6 of the notes to the financial statements. The following is a summary of the City's outstanding debt: Revenue bonds and notes (backed by specific tax and fee revenues) Other loans Total City of San Leandro Outstanding Debt Year Ended June 30, 2018 (in thousands) Governmental Activities Business-Type Activities 2018 2017 2018 2017 $ 32,120 $ 35,041 $ $ 6,838 7,363 40,364 42,298 $ 38,958 $ 42,404 $ 40,364 $ 42,298 ECONOMIC FACTORS AND NEXT YEAR'S BUDGET Total 2018 2017 $ 32,120 $ 35,041 47,202 49,661 $ 79,322 $ 84,702 The economy of the City and major initiative are discussed in the Transmittal Letter located in the Introductory Section of the CAFR. REQUESTS FOR INFORMATION This financial report is designed to provide a general overview of the City's finances for all of its citizens, taxpayers, customers, investors and creditors. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the City of San Leandro, Finance Department, 835 East 14th Street, San Leandro, CA 94577. 17 482