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City of Redwood City 7.1.A. - Page 83
<br /> Notes to the Basic Financial Statements
<br /> For the year ended June 30, 2014
<br /> NOTE 7 - BUSINESS -TYPE ACTIVITIES LONG -TERM DEBT (CONTINUED)
<br /> B. Changes in Debt
<br /> Interest Beginning Ending Due Within
<br /> Rate Balance Additions Retirements Balance One Year
<br /> Business -type Activities: % $ $ $ $ $
<br /> Revenue Bonds:
<br /> Port of Redwood City - 1999 Series 4.00 -5.25 8,060,000 305,000 7,755,000 320,000
<br /> Port of Redwood City - 2012 Series 4.20 -4.20 9,705,380 341,186 9,364,194 355,795
<br /> Water Revenue Bonds Series 2006A 3.50 -4.50 22,005,000 640,000 21,365,000 660,000
<br /> Water Revenue Bonds Series 2007A 4.00 -4.50 13,230,000 375,000 12,855,000 390,000
<br /> Water Revenue Refunding Bonds Series 2013 3.00 -5.00 26,870,000 830,000 26,040,000 855,000
<br /> Unamortized Premium 3,488,605 166,094 3,322,511
<br /> Unamortized Discount - Water (42,883) (1,950) (40,933)
<br /> Unamortized Discount - Port (278,438) (10,536) (267,902)
<br /> 83,037,664 2,644,794 80,392,870 2,580,795
<br /> Loans:
<br /> Yacht Harbor Rehabilitation Loan 4.70 457,548 33,058 424,490 34,546
<br /> Parking Fund Loan variable 1,300,000 1,300,000
<br /> 1,757,548 1,333,058 424,490 34,546
<br /> Total Bonds and Loans 84,795,212 3,977,852 80,817,360 2,615,341
<br /> Accrued Sick Leave and Vacation 968,511 383,157 549,137 802,531 394,505
<br /> Total Business -type Activities Long -Term Debt 85,763,723 383,157 4,526,989 81,619,891 3,009,846
<br /> C. Annual Repayment Requirements for Business -type Activities Long Term Debt
<br /> Business -Type Activities:
<br /> Year End Revenue Bonds Loans Total
<br /> June 30 Principal Interest Principal Interest Principal Interest
<br /> $ $ $ $ $ $
<br /> 2015 2,580,795 3,460,204 34,546 19,102 2,615,341 3,479,306
<br /> 2016 2,681,029 3,360,070 36,101 17,547 2,717,130 3,377,617
<br /> 2017 2,801,916 3,246,709 37,725 15,923 2,839,641 3,262,632
<br /> 2018 2,918,483 3,127,341 39,423 14,225 2,957,906 3,141,566
<br /> 2019 3,025,759 3,016,152 41,197 12,451 3,066,956 3,028,603
<br /> 2020 -2024 17,189,969 13,035,560 235,498 32,722 17,425,467 13,068,282
<br /> 2025 -2029 21,472,372 8,764,852 21,472,372 8,764,852
<br /> 2030 -2034 22,293,871 3,559,256 22,293,871 3,559,256
<br /> 2035 -2039 2,415,000 108,676 2,415,000 108,676
<br /> 77,379,194 41,678,820 424,490 111,970 77,803,684 41,790,790
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