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City of San Leandro
<br />Computation of Legal Debt Margin
<br />Last Eight Fiscal Years
<br />2003
<br />2004
<br />2005
<br />2006
<br />2007
<br />2008
<br />2009
<br />2010
<br />Assessed Valuation:
<br />Secured property assessed value
<br />$ 6,016,771,705
<br />$ 7,043,305,510
<br />$ 7,554,407,513
<br />$ 8,300,642,672
<br />$ 8,886,531,894
<br />$ 9,318,787,490
<br />$
<br />8,890,723,914
<br />$
<br />8,864,732,304
<br />Addback: exempt real property
<br />164,387,247
<br />178,341,424
<br />197,687,046
<br />190,742,425
<br />179,186,095
<br />206,520,301
<br />211,520,769
<br />230,185,749
<br />Total Assessed Valuation
<br />$ 6,181,158,952
<br />$ 7,221,646,934
<br />$ 7,752,094,559
<br />$ 8,491,385,097
<br />$ 9,065,717,989
<br />$ 9,525,307,791
<br />$
<br />9,102,244,683
<br />$
<br />9,094,918,053
<br />Bonded debt (15% of Assessed Value)
<br />$ 927,173,943
<br />$ 1,083,247,040
<br />$ 1,162,814,184
<br />$ 1,273,707,765
<br />$ 1,359,857,698
<br />$ 1,428,796,169
<br />$
<br />1,365,336,702
<br />$
<br />1,364,237,708
<br />Total Bonded Debt
<br />59,105,000
<br />64,605,000
<br />66,183,260
<br />64,234,740
<br />62,180,004
<br />60,138,458
<br />85,302,265
<br />82,973,241
<br />Less:
<br />Special assessment bonds
<br />(1,045,000)
<br />(1,045,000)
<br />(815,000)
<br />(565,000)
<br />(435,000)
<br />(300,000)
<br />(155,000)
<br />-
<br />Certificates of Participation
<br />(42,125,000)
<br />(42,125,000)
<br />(41,200,000)
<br />(40,245,000)
<br />(39,085,000)
<br />(38,015,000)
<br />(37,015,000)
<br />(35,660,000)
<br />LeaseCAD/RMS
<br />-
<br />-
<br />(3,048,260)
<br />(2,609,740)
<br />(2,175,004)
<br />(1,683,458)
<br />(1,237,265)
<br />(1,238,241)
<br />Amount of Debt subject to Limit
<br />15,935,000
<br />21,435,000
<br />21,120,000
<br />20,815,000
<br />20,485,000
<br />20,140,000
<br />46,895,000
<br />46,075,000
<br />Legal Debt Margin
<br />$ 911,238,843
<br />$ 1,061,812,040
<br />$ 1,141,694,184
<br />$ 1,252,892,765
<br />$ 1,339,372,698
<br />$ 1,408,656,169
<br />$
<br />1,318,441,702
<br />$
<br />1,318,162,708
<br />
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