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Debt Administration At the end of the current fiscal year, the City’s total outstanding long-term debt is $84.5 million, a decrease of $6.8 million from the prior fiscal year due to debt service payments. At the end of the current fiscal year, the City’s total long-term debt outstanding for governmental activities is $45.1million, a decrease of $4.3 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 $39.4 million, an increase of $2.4 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 ($2.1 million) for the State Water Resources Control Board Loan and Marina Cal Boating Loan. Additional information on the City’s long-term debt obligations can be found in Note 6 of the notes to the financial statements. The following is a summary of the City’s outstanding debt: City of San Leandro Outstanding Debt Year Ended June 30, 2022 (in thousands) 2022 2021 2022 2021 2022 2021 Revenue bonds and notes 40,073$ 43,941$ -$ -$ 40,073$ 43,941$ (backed by specific tax and fee revenues) Other loans 5,016 5,482 39,430 41,847 44,446 47,329 Total 45,089$ 49,423$ 39,430$ 41,847$ 84,519$ 91,270$ 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 ACFR. 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. 18