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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2024
<br />NOTE 8 – 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, 2024, follows:
<br />Balance Balance Due within Due in more
<br />Governmental Activity Debt:June 30, 2023 Retirements June 30, 2024 one year than one year
<br />Pension Obligation Bonds:
<br />2012 Taxable Pension Obligation Bonds 2,385,000$ (2,385,000)$ -$ -$ -$
<br />Lease Revenue Bonds:
<br />2013 Refunding Lease Revenue Bonds
<br />City portion 3,961,000 (736,000) 3,225,000 762,000 2,463,000
<br />2016 Refunding Lease Revenue Bonds 8,535,000 (1,070,000) 7,465,000 1,120,000 6,345,000
<br />2018 Lease Revenue Bonds 18,905,000 - 18,905,000 - 18,905,000
<br />Total Governmental Activity Debt 33,786,000 (4,191,000) 29,595,000 1,882,000 27,713,000
<br />Direct Borrowings:
<br />Financed Purchase:
<br />2016 Bank of America Equipment Lease 3,619,427 (348,059)3,271,368 355,407 2,915,961
<br />Total Capital Leases 3,619,427 (348,059) 3,271,368 355,407 2,915,961
<br />Other Debt
<br />HUD 108 Loan - Guarantee Loan -
<br />Senior Center 924,000 (132,000) 792,000 132,000 660,000
<br />Total Other Debt 924,000 (132,000) 792,000 132,000 660,000
<br /> Total Government Activity Debt 38,329,427 (4,671,059) 33,658,368 2,369,407 31,288,961
<br />Plus unamortized:
<br />Discount (2012 POB)(8,849)8,849 - - -
<br />Premium (2013 RLRB)94,463 (19,888)74,575 19,888 54,687
<br />Premium (2016 RLRB)983,121 (163,853) 819,268 163,853 655,415
<br />Premium (2018 LRB)1,091,126 (43,645) 1,047,481 43,645 1,003,836
<br />Total General Long-term Obligations 40,489,288$ (4,889,596)$ 35,599,692$ 2,596,793$ 33,002,899$
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