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6.C. - Page 183 of 196
<br />Schedule 10
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
<br />As of June 30, 2020
<br />Overlapping Tax Increment Debt (Successor Agency) 100.000 13,059,451
<br />Total City Overlapping Debt 469,174,351
<br />City Direct Debt
<br />City of Redwood City General Fund Obligations 100.000
<br />Total City Direct Debt
<br />Total Overlapping and Direct Debt 469,174,351
<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 schedule
<br />estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City
<br />of Redwood City. This process recognizes that, when considering the government's ability to issue and repay long-term debt, the entire
<br />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 overlapping
<br />government.
<br />' The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were
<br />estimated by determining the portion of the county's taxable assessed value that is within the government's boundaries and dividing it by
<br />the county's total taxable assessed value.
<br />151 270
<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 />10.649
<br />81,644,126
<br />Sequoia Union High School District
<br />24.820
<br />127,193,813
<br />Belmont -Redwood Shores School District
<br />40.956
<br />24,605,429
<br />Belmont -Redwood Shores School District School Facilities Improvement Distr.
<br />91.585
<br />18,408,585
<br />Redwood City School District
<br />62.224
<br />119,640,842
<br />San Carlos School District
<br />1.030
<br />1,162,676
<br />Midpeninsula Regional Park District
<br />8.144
<br />7,232,686
<br />Redwood City Redwood Shores Community Facilities District No. 99-1
<br />100.000
<br />7,400,000
<br />Redwood City Community Facilities District 2010-1
<br />100.000
<br />3,965,000
<br />TOTAL DEBT REPAID WITH PROPERTY TAXES
<br />391,253,157
<br />Other Debt
<br />San Mateo County General Fund Obligations
<br />10.649
<br />54,940,348
<br />San Mateo County Board of Education Certificates of Participation
<br />10.649
<br />799,207
<br />Midpeninsula Regional Park District General Fund Obligations
<br />8.144
<br />9,120,107
<br />Menlo Park Fire Protection District Certificates of Participation
<br />0.021
<br />2,081
<br />TOTAL OTHER DEBT
<br />64,861,743
<br />Overlapping Tax Increment Debt (Successor Agency) 100.000 13,059,451
<br />Total City Overlapping Debt 469,174,351
<br />City Direct Debt
<br />City of Redwood City General Fund Obligations 100.000
<br />Total City Direct Debt
<br />Total Overlapping and Direct Debt 469,174,351
<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 schedule
<br />estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City
<br />of Redwood City. This process recognizes that, when considering the government's ability to issue and repay long-term debt, the entire
<br />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 overlapping
<br />government.
<br />' The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were
<br />estimated by determining the portion of the county's taxable assessed value that is within the government's boundaries and dividing it by
<br />the county's total taxable assessed value.
<br />151 270
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