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<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />COMPUTATION OF DIRECT AND OVERLAPPING DEBT
<br />June 30, 2004
<br />
<br />2003/04 Assessed Valuation:
<br />Redevelopment Incremental Valuation:
<br />Adjusted Assessed Valuation:
<br />
<br />$10,886,912,435
<br />869,767,692
<br />$10,017,144,743
<br />
<br />OVERLAPPING TAX AND ASSESSMENT DEBT:
<br />
<br />Percent
<br />Applicable
<br />
<br />10.912
<br />27.528
<br />51.328
<br />59.906
<br />2.364
<br />100.000
<br />100.000
<br />100.000
<br />100.000
<br />
<br />San Mateo Community College District
<br />Sequoia Union High School District
<br />Belmont School District
<br />Redwood City School District
<br />San Carlos School District
<br />Redwood City General Improvement District No. 1-64
<br />Redwood City Community Facilities District No. 2000-1
<br />Redwood City Redwood Shores Community Facilities District No. 99-1
<br />City of Redwood City 1915 Act Bond
<br />Total Overlapping Tax and Assessment Debt
<br />
<br />DIRECT AND OVERLAPPING LEASE OBLIGATION DEBT:
<br />
<br />San Mateo County General Fund Obligations
<br />San Mateo County Board of Education Certificates of Participation
<br />San Mateo Community College District Certificates of Participation
<br />Belmont School District Certificates of Participation
<br />San Carlos School District Certificates of Participation
<br />Midpeninsula Regional Park District General Fund Obligations
<br />City of Redwood City General Fund Lease Obligations
<br />San Mateo County Mosquito Abatement District Certificates of Participation
<br />Total Direct and Overlapping General Obligation Debt
<br />
<br />10.912
<br />10.912
<br />10.912
<br />51.306
<br />2.364
<br />9.150
<br />100.000
<br />15.082
<br />
<br />COMBINED TOTAL DEBT
<br />
<br />Table 8
<br />
<br />Debt
<br />6/30/2004
<br />
<br />$ 10,316,272
<br />35,677,664
<br />5,720,506
<br />37,606,089
<br />477,883
<br />5,625,000
<br />20,020,000
<br />12,445,000
<br />5,655,000
<br />$ 133,543,414
<br />
<br />$
<br />
<br />46,167,442
<br />521,048
<br />3,370,171
<br />2,911,616
<br />13,829
<br />10,688,590
<br />30,770,000
<br />257,148
<br />94,699,844
<br />
<br />$
<br />
<br />$ 228,243,258 (1)
<br />
<br />(1) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and tax allocation bonds, and
<br />non-bonded capital lease obligations.
<br />
<br />Ratios to 2003/04 Assessed Valuation:
<br />Total Overlapping Tax and Assessment Debt
<br />
<br />1.23%
<br />
<br />Ratios to Adiusted Assessed Valuation:
<br />Combined Direct Debt ($30,770,000)
<br />Combined Total Debt
<br />
<br />0.31%
<br />2.28%
<br />
<br />State School Building Aid Repayable as of 6/30/04:
<br />
<br />$0
<br />
<br />Source: California Municipal Statistics
<br />
<br />98
<br />
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