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7.1.A. - Page 155 <br /> Schedule 10 <br /> CITY OF REDWOOD CITY, CALIFORNIA <br /> DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT <br /> As of June 30, 2014 <br /> Estimated <br /> Share of <br /> Estimated Direct and <br /> Percentage Overlapping <br /> Governmental Unit Applicable' Debt <br /> $ <br /> City Overlapping Debt <br /> Debt Repaid with Property Taxes <br /> San Mateo Community College District 10.399 58,584,846 <br /> Sequoia Union High School District 25.002 82,165,323 <br /> Belmont- Redwood Shores School District 43.682 14,146,131 <br /> Belmont- Redwood Shores School District School Facilities Improvement Distr. 93.328 21,572,767 <br /> Redwood City School District 61.241 24,559,389 <br /> San Carlos School District 1.385 977,420 <br /> Redwood City Community Facilities District 2000 -1 100.000 4,215,000 <br /> Redwood City Redwood Shores Community Facilities District No. 99 -1 100.000 9,700,000 <br /> Redwood City Community Facilities District 2010 -1 100.000 5,760,000 <br /> TOTAL DEBT REPAID WITH PROPERTY TAXES 221,680,876 <br /> Other Debt <br /> San Mateo County General Fund Obligations 10.399 49,267,323 <br /> San Mateo County Board of Education Certificates of Participation 10.399 1,138,691 <br /> Belmont- Redwood Shores School District Certificates of Participation 61.241 405,459 <br /> Midpeninsula Regional Park District General Fund Obligations 8.436 11,237,572 <br /> Menlo Park Fire Protection District 0.024 2,764 <br /> TOTAL OTHER DEBT 62,051,809 <br /> Total City Overlapping Debt 283,732,685 <br /> City Direct Debt <br /> City of Redwood City General Fund Obligations 100.000 3,035,258 <br /> Total City Direct Debt 3,035,258 <br /> Total Overlapping and Direct Debt 286,767,943 <br /> Source: California Municipal Statistics and City's Audited Financials <br /> Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the city. This <br /> schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and <br /> businesses of the City of Redwood City. This process recognizes that, when considering the government's ability to issue <br /> and repay long -term debt, the entire debt burden borne by the residents and businesses should be taken into account. <br /> However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt of each <br /> overlapping government. <br /> 1 The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages <br /> were estimated by determining the portion of the county's taxable assessed value that is within the government's boundaries <br /> and dividing it by the county's total taxable assessed value. <br /> 127 <br />