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6.1.D. - Page 166
<br />Schedule 10
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
<br />As of June 30, 2016
<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 />' 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 />139
<br />Estimated
<br />Share of
<br />Estimated
<br />Direct and
<br />Percentage
<br />Overlapping
<br />Governmental Unit
<br />Applicable'
<br />Debt
<br />City Overlapping Debt
<br />Debt Repaid with Property Taxes
<br />San Mateo Community College District
<br />10.583
<br />67,905,189
<br />Sequoia Union High School District
<br />25.113
<br />105,303,832
<br />Belmont -Redwood Shores School District
<br />42.803
<br />29,185,751
<br />Belmont -Redwood Shores School District School Facilities Improvement Distr.
<br />93.230
<br />20,589,846
<br />Redwood City School District
<br />62.037
<br />19,708,042
<br />San Carlos School District
<br />1.321
<br />1,592,605
<br />Midpeninsula Regional Park District
<br />8.335
<br />3,750,750
<br />Redwood City Community Facilities District 2000-1
<br />100.000
<br />1,430,000
<br />Redwood City Redwood Shores Community Facilities District No. 99-1
<br />100.000
<br />8,975,000
<br />Redwood City Community Facilities District 2010-1
<br />100.000
<br />4,350,000
<br />TOTAL DEBT REPAID WITH PROPERTY TAXES
<br />262,791,015
<br />Other Debt
<br />San Mateo County General Fund Obligations
<br />10.538
<br />45,562,077
<br />San Mateo County Board of Education Certificates of Participation
<br />10.538
<br />1,042,208
<br />Midpeninsula Regional Park District General Fund Obligations
<br />8.335
<br />10,223,785
<br />Menlo Park Fire Protection District Certificates of Participation
<br />0.022
<br />2,423
<br />TOTAL OTHER DEBT
<br />56,830,493
<br />Total City Overlapping Debt
<br />319,621,508
<br />City Direct Debt
<br />City of Redwood City General Fund Obligations
<br />100.000
<br />1,711,586
<br />Total City Direct Debt
<br />1,711,586
<br />Total Overlapping and Direct Debt
<br />321,333,094
<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 />' 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 />139
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