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6.1.E. - Page 162 <br /> Schedule 10 <br /> CITY OF REDWOOD CITY,CALIFORNIA <br /> DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT <br /> As of June 30,2015 <br /> Estimated <br /> Share of <br /> Estimated Direct and <br /> Percentage Overlapping <br /> Governmental Unit Applicable) Debt <br /> City Overlapping Debt <br /> Debt Repaid with Property Taxes <br /> San Mateo Community College District 10.374 68,972,576 <br /> Sequoia Union High School District 24.993 108,345,905 <br /> Belmont-Redwood Shores School District 43.616 30,179,481 <br /> Belmont-Redwood Shores School District School Facilities Improvement Distr. 93.428 21,282,898 <br /> Redwood City School District 61.446 22,204,408 <br /> San Carlos School District 1.433 1,268,482 <br /> Redwood City Community Facilities District 2000-1 100.000 2,840,000 <br /> Redwood City Redwood Shores Community Facilities District No.99-1 100.000 9,345,000 <br /> Redwood City Community Facilities District 2010-1 100.000 5,760,000 <br /> TOTAL DEBT REPAID WITH PROPERTY TAXES 270,198,750 <br /> Other Debt <br /> San Mateo County General Fund Obligations 10.374 47,727,124 <br /> San Mateo County Board of Education Certificates of Participation 10.374 1,082,008 <br /> Midpeninsula Regional Park District General Fund Obligations 8.375 10,643,524 <br /> Menlo Park Fire Protection District Certificates of Participation 0.022 2,479 <br /> TOTAL OTHER DEBT 59,455,135 <br /> Total City Overlapping Debt 329,653,885 <br /> City Direct Debt <br /> City of Redwood City General Fund Obligations 100.000 2,378,400 <br /> Total City Direct Debt 2,378,400 <br /> Total Overlapping and Direct Debt 332,032,285 <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 /> 133 <br />