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CITY OF REDWOOD CITY, CALIFORNIA <br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT <br />As of June 30, 2017 <br />Estimated <br />Share of <br />Estimated Direct and <br />Percentage Overlapping <br />Governmental Unit Applicable1 Debt <br />%$ <br />City Overlapping Debt <br />Debt Repaid with Property Taxes <br />San Mateo Community College District 10.757 65,812,724 <br />Sequoia Union High School District 25.353 132,829,438 <br />Belmont-Redwood Shores School District 43.309 28,982,951 <br />Belmont-Redwood Shores School District School Facilities Improvement Distr.93.192 20,236,643 <br />Redwood City School District 62.293 53,392,126 <br />San Carlos School District 1.246 1,501,755 <br />Midpeninsula Regional Park District 8.732 3,729,052 <br />Redwood City Redwood Shores Community Facilities District No. 99-1 100.000 8,595,000 <br />Redwood City Community Facilities District 2010-1 100.000 4,350,000 <br /> TOTAL DEBT REPAID WITH PROPERTY TAXES 319,429,689 <br />Other Debt <br />San Mateo County General Fund Obligations 10.757 42,962,363 <br />San Mateo County Board of Education Certificates of Participation 10.757 1,003,628 <br />Midpeninsula Regional Park District General Fund Obligations 8.432 9,455,949 <br />Menlo Park Fire Protection District Certificates of Participation 0.020 2,151 <br /> TOTAL OTHER DEBT 53,424,091 <br />Total City Overlapping Debt 372,853,780 <br />City Direct Debt <br />City of Redwood City General Fund Obligations 100.000 1,034,666 <br />Total City Direct Debt 1,034,666 <br />Total Overlapping and Direct Debt 373,888,446 <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 />Schedule 10 <br />139 <br />6.1.E. - Page 162