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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 (Continued)
<br />At June 30, 2024, 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 />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 2,195,354 570,510 2,765,864
<br />2029 2,252,434 513,431 2,765,865
<br />2030 - 2034 12,171,670 1,657,651 13,829,321
<br />2035 - 2036 5,323,234 208,494 5,531,728
<br />28,200,563$ 4,989,810$ 33,190,373$
<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 $5,331,032. The loans bear an
<br />average interest rate of 4.50%. Principal and interest payments are payable annually on each August 1.
<br />The debt is secured by Shoreline Enterprise Fund operating revenues.
<br />At June 30, 2024, future debt service requirements for the Marina Cal Boating Notes Payable are as
<br />follows:
<br />For The Year
<br />Ending Principal Interest Total
<br />2025 21,705$ 3,064$ 24,769$
<br />2026 22,682 2,087 24,769
<br />2027 23,703 1,067 24,770
<br />68,090$ 6,218$ 74,308$
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