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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2019
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<br />NOTE 6 – LONG-TERM DEBT
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<br />A. Governmental Activities Long-Term Debt
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<br />Summary of changes in governmental activities long-term debt for the year ended June 30, 2019, follows:
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<br />Balance Balance Due within Due in more
<br />Governmental Activity Debt:June 30, 2018 Additions Retirements June 30, 2019 one year than one year
<br />Pension Obligation Bonds:
<br />2012 Taxable Pension Obligation Bonds 11,625,000$ -$ (1,540,000)$ 10,085,000$ 1,680,000$ 8,405,000$
<br />Lease Revenue Bonds:
<br />2013 Refunding Lease Revenue Bonds
<br />City portion 7,275,000 (621,000) 6,654,000 641,000 6,013,000
<br />2016 Refunding Lease Revenue Bonds 13,220,000 (875,000) 12,345,000 895,000 11,450,000
<br />2018 Lease Revenue Bonds 18,905,000 18,905,000 18,905,000
<br />Total Governmental Activity Debt 32,120,000 18,905,000 (3,036,000) 47,989,000 3,216,000 44,773,000
<br />Direct Borrowings:
<br />Capital Leases:
<br />2016 Bank of America Equipment Lease 5,254,715 (313,537) 4,941,178 320,156 4,621,022
<br />Total Capital Leases 5,254,715 (313,537) 4,941,178 320,156 4,621,022
<br />Other Debt
<br />HUD 108 Loan - Guarantee Loan -
<br />Senior Center 1,583,000 (131,000) 1,452,000 132,000 1,320,000
<br />Total Other Debt 1,583,000 (131,000) 1,452,000 132,000 1,320,000
<br /> Total Government Activity Debt 38,957,715 18,905,000 (3,480,537) 54,382,178 3,668,156 50,714,022
<br />Plus unamortized:
<br />Discount (2012 POB)(59,444)10,119 (49,325) (10,119) (39,206)
<br />Premium (2013 RLRB)193,903 (19,888) 174,015 19,888 154,127
<br />Premium (2016 RLRB)1,802,386 (163,853) 1,638,533 163,853 1,474,680
<br />Premium (2018 LRB)1,309,351 (43,645) 1,265,706 43,645 1,222,061
<br />Total General Long-term Obligations 40,894,560$ 20,214,351$ (3,697,804)$ 57,411,107$ 3,885,423$ 53,525,684$
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<br />64211
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