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City of San Leandro
<br />Notes to Basic Financial Statements
<br />For the year ended June 30, 2010
<br />NOTE 7 - LONGTERM DEBT
<br />A. Governmental Activities Long -Term Debt
<br />Summary of changes in governmental activities long-term debt for the year ended June 30, 2010, were as follows:
<br />Balance
<br />Balance
<br />Due within
<br />Due in more
<br />July 1, 2009
<br />Additions
<br />Retirements
<br />June 30, 2010
<br />one year
<br />than one vear
<br />Bonded Debt:
<br />Special Assessment Debt
<br />with City Commitment
<br />$ 155,000
<br />$ -
<br />$ (155,000)
<br />$ -
<br />$ -
<br />5 -
<br />2001 Certificates of
<br />Participation
<br />4,080,000
<br />-
<br />(150,000)
<br />3,930,000
<br />155,000
<br />3,775.000
<br />2002 Tax
<br />Allocation Bonds
<br />14,115,000
<br />-
<br />(550,000)
<br />13,565,000
<br />575,000
<br />12,990,000
<br />2003 Certificates of
<br />Participation
<br />10,605,000
<br />-
<br />(360,000)
<br />10,245,000
<br />370,000
<br />9,875,000
<br />2004 Tax
<br />Allocation Bonds
<br />5,405,000
<br />-
<br />(100,000)
<br />5,305,000
<br />105,000
<br />5,200,000
<br />2007 Certificates of
<br />Participation
<br />22,175,000
<br />-
<br />(690,000)
<br />21,485,000
<br />715,000
<br />20,770,000
<br />2008 Tax
<br />Allocation Bonds
<br />27,530,000
<br />-
<br />(325,000)
<br />27,205,000
<br />475,000
<br />26,730,000
<br />Total Bonded Debt
<br />84.065,000
<br />-
<br />(2,330,000)
<br />81,735,000
<br />2,395,000
<br />79,340,000
<br />Capital Lease:
<br />2005 Police CAD/RMS
<br />1,237,265
<br />-
<br />(460,741)
<br />776,524
<br />380,095
<br />396,429
<br />Capital Lease: Pumper Truck
<br />-
<br />461,717
<br />-
<br />461,717
<br />85,263
<br />376,454
<br />Bayfair Mall Debt
<br />with Agency Commitment
<br />950,000
<br />-
<br />(250,000)
<br />700,000
<br />250,000
<br />450,000
<br />Owner Participation Agreements
<br />with Agency Commitment
<br />2,5552859
<br />-
<br />(42,227)
<br />2,513,632
<br />95,000
<br />2,418,632
<br />HUD 108 Guarantee
<br />Notes
<br />685,000
<br />-
<br />(63,000)
<br />622,000
<br />63,000
<br />559,000
<br />HUD 108 Guarantee Looan -
<br />Senior Center
<br />-
<br />2,500,000
<br />-
<br />2,500,000
<br />131,000
<br />2,369,000
<br />San Leandro USD-9th Grade
<br />1,635,360
<br />-
<br />(160,000)
<br />1,475,360
<br />16U00
<br />1,315,360
<br />Total General Long -Term
<br />Obligations
<br />$ 91,128,484
<br />$ 2,961,717
<br />$ (3,305,968)
<br />$ 90,784,233
<br />$ 3,559,358
<br />$ 87,224,875
<br />Plus unamortized:
<br />Discount (2002 TAB)
<br />$ (78,036)
<br />$ -
<br />$ 4,107
<br />$ (73,929)
<br />$ (4,107)
<br />(69,822)
<br />Discount (2007 COP)
<br />(45,275)
<br />-
<br />2,264
<br />(43,011)
<br />(2,264)
<br />(40,747)
<br />Premium (2003 COP)
<br />459,306
<br />-
<br />(23,493)
<br />435,813
<br />23,495
<br />412,318
<br />Premium (2008 TAB)
<br />195,656
<br />-
<br />(6,522)
<br />189,134
<br />6,522
<br />182,612
<br />Total General Long -Term
<br />Obligations, net
<br />$ 91,660,135
<br />$ 2,961,717
<br />$ (32329,612)
<br />$ 91,292,240
<br />$ 3,583,004
<br />$ 87,709,236
<br />61
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