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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2022
<br />NOTE 7 – LONG-TERM DEBT
<br />A.Governmental Activities Long-Term Debt
<br />Summary of changes in governmental activities long-term debt for the year ended June 30, 2022, follows:
<br />Balance Balance Due within Due in more
<br />Governmental Activity Debt:June 30, 2021 Retirements June 30, 2022 one year than one year
<br />Pension Obligation Bonds:
<br />2012 Taxable Pension Obligation Bonds 6,570,000$ (2,000,000)$ 4,570,000$ 2,185,000$ 2,385,000$
<br />Lease Revenue Bonds:
<br />2013 Refunding Lease Revenue Bonds
<br />City portion 5,352,000 (681,000) 4,671,000 710,000 3,961,000
<br />2016 Refunding Lease Revenue Bonds 10,520,000 (970,000) 9,550,000 1,015,000 8,535,000
<br />2018 Lease Revenue Bonds 18,905,000 - 18,905,000 - 18,905,000
<br />Total Governmental Activity Debt 41,347,000 (3,651,000) 37,696,000 3,910,000 33,786,000
<br />Direct Borrowings:
<br />Capital Leases:
<br />2016 Bank of America Equipment Lease 4,294,107 (333,816) 3,960,291 340,864 3,619,427
<br />Total Capital Leases 4,294,107 (333,816) 3,960,291 340,864 3,619,427
<br />Other Debt
<br />HUD 108 Loan - Guarantee Loan -
<br />Senior Center 1,188,000 (132,000) 1,056,000 132,000 924,000
<br />Total Other Debt 1,188,000 (132,000) 1,056,000 132,000 924,000
<br /> Total Government Activity Debt 46,829,107 (4,116,816) 42,712,291 4,382,864 38,329,427
<br />Plus unamortized:
<br />Discount (2012 POB)(29,087)10,119 (18,968) (10,119)(8,849)
<br />Premium (2013 RLRB)134,239 (19,888) 114,351 19,888 94,463
<br />Premium (2016 RLRB)1,310,827 (163,853) 1,146,974 163,853 983,121
<br />Premium (2018 LRB)1,178,416 (43,645) 1,134,771 43,645 1,091,126
<br />Total General Long-term Obligations 49,423,502$ (4,334,083)$ 45,089,419$ 4,600,131$ 40,489,288$
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