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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2018
<br />NOTE 6 -LONG-TERM DEBT
<br />A. Governmental Activities Long-Term Debt
<br />Summary of changes in governmental activities long-term debt for the year ended June 30, 2018, follows:
<br />Balance Balance Due within Due in more
<br />Governmental Activity Debt: June 30, 2017 Retirements June 30, 2018 one year than one year
<br />Pension Obligation Bonds:
<br />2012 Taxable Pension Obligation Bonds $ 13,040,000 $ (1,415,000) $ 11,625,000 $ 1,540,000 $ 10,085,000
<br />Lease Revenue Bonds:
<br />2013 Refunding Lease Revenue Bonds
<br />City portion 7,876,000 (601,000) 7,275,000 621,000 6,654,000
<br />2016 Refunding Lease Revenue Bonds 14,125,000 {905,000} 13,220,000 875,000 12,345,000
<br />Total Governmental Activity Debt 35,041,000 {2,921,000} 32,120,000 3,036,000 29,084,000
<br />Capital Leases:
<br />2015 PNC Lease 240,353 (240,353)
<br />2016 Clirnatec Equipment Lease 5,409,045 {154,330} 5,254,715 313,538 4,941,177
<br />Total Capital Leases 5,649,398 {394,683} 5,254,715 313,538 4,941,177
<br />Other Debt
<br />HUD 108 Loan -Guarantee Loan -
<br />Senior Center 1,714,000 {131,000} 1,583,000 131,000 1,452,000
<br />Total Other Debt 1,714,000 (131,000} 1,583,000 131,000 1,452,000
<br />Total Government Activity Debt $ 42,404,398 $ {3,446,683} $ 38,957,715 $ 3,480,538 $ 35,477,177
<br />Plus unamortized:
<br />Discount (2012 POB) $ (69,563) $ 10,119 $ (59,444) $ (10,119) $ (49,325)
<br />Premium (2013 RLRB) 213,791 (19,888) 193,903 19,888 174,015
<br />Premium (2016 RLRB) 1,966,239 (163,853} 1,802,386 163,853 1,638,533
<br />Total General Long-term Obligations $ 44,514,865 $ {3,620,305} $ 40,894,560 $ 3,654,160 $ 37,240,400
<br />63 528
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