|
CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2021
<br />
<br />
<br />NOTE 6 – LONG-TERM DEBT
<br />
<br />A. Governmental Activities Long-Term Debt
<br />
<br />Summary of changes in governmental activities long-term debt for the year ended June 30, 2021, follows:
<br />
<br />Balance Balance Due within Due in more
<br />Governmental Activity Debt:June 30, 2020 Retirements June 30, 2021 one year than one year
<br />Pension Obligation Bonds:
<br />2012 Taxable Pension Obligation Bonds 8,405,000$ (1,835,000)$ 6,570,000$ 2,000,000$ 4,570,000$
<br />Lease Revenue Bonds:
<br />2013 Refunding Lease Revenue Bonds
<br />City portion 6,013,000 (661,000) 5,352,000 681,000 4,671,000
<br />2016 Refunding Lease Revenue Bonds 11,450,000 (930,000) 10,520,000 970,000 9,550,000
<br />2018 Lease Revenue Bonds 18,905,000 - 18,905,000 - 18,905,000
<br />Total Governmental Activity Debt 44,773,000 (3,426,000) 41,347,000 3,651,000 37,696,000
<br />Direct Borrowings:
<br />Capital Leases:
<br />2016 Bank of America Equipment Lease 4,621,022 (326,915) 4,294,107 333,816 3,960,291
<br />Total Capital Leases 4,621,022 (326,915) 4,294,107 333,816 3,960,291
<br />Other Debt
<br />HUD 108 Loan - Guarantee Loan -
<br />Senior Center 1,320,000 (132,000) 1,188,000 132,000 1,056,000
<br />Total Other Debt 1,320,000 (132,000) 1,188,000 132,000 1,056,000
<br /> Total Government Activity Debt 50,714,022 (3,884,915) 46,829,107 4,116,816 42,712,291
<br />Plus unamortized:
<br />Discount (2012 POB)(39,206)10,119 (29,087) (10,119)(18,968)
<br />Premium (2013 RLRB)154,127 (19,888) 134,239 19,888 114,351
<br />Premium (2016 RLRB)1,474,680 (163,853) 1,310,827 163,853 1,146,974
<br />Premium (2018 LRB)1,222,061 (43,645) 1,178,416 43,645 1,134,771
<br />Total General Long-term Obligations 53,525,684$ (4,102,182)$ 49,423,502$ 4,334,083$ 45,089,419$
<br />
<br />
<br />
<br />64325
|