Laserfiche WebLink
6.1.F. - Page 153 <br /> Schedule 10 <br /> CITY OF REDWOOD CITY,CALIFORNIA <br /> DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT <br /> As of June 30,2012 <br /> Estimated <br /> Share of <br /> Estimated Direct and <br /> Percentage Overlapping <br /> Governmental Unit Applicablel Debt <br /> % $ <br /> City Overlapping Debt <br /> Debt Repaid with Property Taxes <br /> San Mateo Community College District 10.545 61,170,994 <br /> Sequoia Union High School District 25.137 85,232,311 <br /> Belmont-Redwood Shores School District 48.863 16,497,146 <br /> Belmont-Redwood Shores School District School Facilities Improvement Distr. 99.993 23,398,362 <br /> Redwood City School District 58.360 27,328,268 <br /> San Carlos School District 1.307 742,570 <br /> Redwood City Community Facilities District 2000-1 100.000 6,370,000 <br /> Redwood City Redwood Shores Community Facilities District No.99-1 100.000 10,625,000 <br /> Redwood City Community Facilities District 2010-1 100.000 5,760,000 <br /> TOTAL DEBT REPAID WITH PROPERTYTAXES 237,124,651 <br /> Other Debt <br /> San Mateo County General Fund Obligations 10.545 33,378,677 <br /> San Mateo County Board of Education Certificates of Participation 10.545 1,226,871 <br /> Belmont-Redwood Shores School District Certificates of Participation 48.863 1,365,540 <br /> Midpeninsula Regional Park District General Fund Obligations 8.426 11,479,554 <br /> City of Redwood City General Fund Obligations 100.000 5,880,000 <br /> Menlo Park Fire Protection District 0.029 3,477 <br /> TOTAL OTHER DEBT 53,334,119 <br /> Total City Overlapping Debt 290,458,770 <br /> City Direct Debt 0 <br /> Total Direct and Overlapping Debt 290,458,770 <br /> Source:California Municipal Statistics <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 /> 125 <br />