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City of San Leandro <br />Pledged -Revenue Coverage <br />Last Eight Fiscal Years <br />Special Assessment Bonds <br />Special <br />Fiscal Assessment <br />Debt Service <br />Year Collections <br />Principal <br />Interest <br />Coverage <br />2003 $ 319,723 <br />$ 205,000 $ <br />83,804 <br />0.90 <br />2004 429,881 <br />466,915 <br />216,647 <br />1.59 <br />2005 239,560 <br />230,000 <br />61,698 <br />1.22 <br />2006 92,235 <br />250,000 <br />49,338 <br />3.25 <br />2007 175,866 <br />130,000 <br />35,775 <br />0.94 <br />2008 80,036 <br />135,000 <br />26,441 <br />2.02 <br />2009 66 <br />145,000 <br />16,416 <br />2,445.70 <br />2010 - <br />155,000 <br />5,592 <br />- <br />Notes: The City implemented GASB 34 for the fiscal year ended June 30, 2003. Information prior to the implementation is not available. <br />During Fiscal Year 2009-10 no assessments were necessary due to the availability of funds to pay the debt. <br />Source: City of San Leandro <br />145 <br />