5A Consent - Laserfiche WebLink

Home

Debt Administration At the end of the current fiscal year, the City’s total outstanding long-term debt is $70.1 million, a decrease of $7.4 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 $35.6 million, a decrease of $4.9 million from the prior fiscal year. The decrease was due to principal payments during the year as seen in Note 8 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 $34.5 million, a decrease of $2.5 million from the prior fiscal year. The decrease was due to principal payments during the year as see in Note 8 of the notes to the financial statements. Additional information on the City’s long-term debt obligations can be found in Note 8 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, 2024 (in thousands) Governmental Activities Business-Type Activities Total 2024 2023 2024 2023 2024 2023 Revenue bonds and notes $ 31,536 $ 35,946 $ - $ - $ 31,536 $ 35,946 (backed by specific tax and fee revenues) Other loans 4,063 4,543 34,543 37,004 38,606 41,547 Total $ 35,599 $ 40,489 $ 34,543 $ 37,004 $ 70,142 $ 77,493 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