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7.1.G. - Page 155 <br /> Schedule 10 <br /> CITY OF REDWOOD CITY, CALIFORNIA <br /> DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT <br /> As of June 30, 2013 <br /> Estimated <br /> Share of <br /> Estimated Direct and <br /> Percentage Overlapping <br /> Governmental Unit Applicable' Debt <br /> City Overlapping Debt <br /> Debt Repaid with Property Taxes <br /> San Mateo Community College District 10.281 59,697,654 <br /> Sequoia Union High School District 24.967 83,974,008 <br /> Belmont- Redwood Shores School District 44.297 14,688,596 <br /> Belmont- Redwood Shores School District School Facilities Improvement Distr. 92.993 21,653,420 <br /> Redwood City School District 60.966 26,639,683 <br /> San Carlos School District 1.309 1,033,161 <br /> Redwood City Community Facilities District 2000 -1 100.000 5,555,000 <br /> Redwood City Redwood Shores Community Facilities District No. 99 -1 100.000 10,275,000 <br /> Redwood City Community Facilities District 2010 -1 100.000 5,760,000 <br /> TOTAL DEBT REPAID WITH PROPERTY TAXES 229,276,522 <br /> Other Debt <br /> San Mateo County General Fund Obligations 10.281 32,048,942 <br /> San Mateo County Board of Education Certificates of Participation 10.281 1,177,689 <br /> Belmont- Redwood Shores School District Certificates of Participation 60.966 919,987 <br /> Midpeninsula Regional Park District General Fund Obligations 8.512 11,546,504 <br /> Menlo Park Fire Protection District 0.026 3,056 <br /> TOTAL OTHER DEBT 45,696,178 <br /> Total City Overlapping Debt 274,972,700 <br /> City Direct Debt <br /> City of Redwood City General Fund Obligations 100.000 3,360,000 <br /> Total City Direct Debt 3,360,000 <br /> Total Overlapping and Direct Debt 278,332,700 <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 /> 127 <br />