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Debt Administration At the end of the current fiscal year, the City’s total outstanding long-term debt is $91.3 million, an increase of $1.4 million from the prior fiscal year due to the direct borrowing lease agreement in the business-type activities. At the end of the current fiscal year, the City’s total long-term debt outstanding for governmental activities is $49.4million, a decrease of $4.1 million from the prior fiscal year. The decrease was due to principal payments during the year 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 $41.8 million, an increase of $5.5 million from the prior fiscal year. The increase primarily reflects the direct borrowing lease agreement ($7.6 million) the City entered with the Banc of America Public Capital Corporation, decreased by principal payments ($2.1 million) for the State Water Resources Control Board Loan and Marina Cal Boating Loan. Additional information on the City’s long-term debt obligations can be found in Note 6 of the notes to the financial statements. The following is a summary of the City’s outstanding debt: City of San Leandro Outstanding Debt Year Ended June 30, 2021 (in thousands) 2021 2020 2021 2020 2021 2020 Revenue bonds and notes 43,941$ 47,585$ -$ -$ 43,941$ 47,585$ (backed by specific tax and fee revenues) Certificates of participation - - - - - - Other loans 5,482 5,941 41,847 36,327 47,329 42,268 Total 49,423$ 53,526$ 41,847$ 36,327$ 91,270$ 89,853$ Governmental Activities Business-Type Activities Total ECONOMIC FACTORS AND NEXT YEAR’S BUDGET 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 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. 17278