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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 (Continued)
<br />At June 30, 2022, future debt service requirements for the State Water Resources Control Board loan are
<br />as follows:
<br />For The Year
<br /> Ending June 30 Principal Interest Total
<br />2023 1,930,936$ 834,929$ 2,765,865$
<br />2024 1,981,140 784,724 2,765,864
<br />2025 2,032,650 733,215 2,765,865
<br />2026 2,085,499 680,366 2,765,865
<br />2027 2,139,722 626,143 2,765,865
<br />2028 - 2032 11,562,599 2,266,723 13,829,322
<br />2033 - 2036 10,380,093 683,363 11,063,456
<br />32,112,639$ 6,609,463$ 38,722,102$
<br />Marina Cal Boating Notes Payable
<br />The City entered into various direct borrowing construction loan agreements with the California
<br />Department of Boating and Waterways in the total principal amount of $5,331,032. The loans bear an
<br />average interest rate of 4.50%. Principal and interest payments are payable annually on each August 1.
<br />The debt is secured by Shoreline Enterprise Fund operating revenues.
<br />At June 30, 2022, future debt service requirements for the Marina Cal Boating Notes Payable are as
<br />follows:
<br />For The Year
<br />Ending Principal Interest Total
<br />2023 45,334$ 6,039$ 51,373$
<br />2024 20,770 3,999 24,769
<br />2025 21,705 3,064 24,769
<br />2026 22,682 2,087 24,769
<br />2027 23,703 1,067 24,770
<br />134,194$ 16,256$ 150,450$
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