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CAPTTAL FUNDS
<br />PURPOSE:
<br />In June 2014, the Santa Ana Financing Authority executed the 2014 Private Lease Financing in the amount of $45.1 million with three private
<br />placement providers: TPB Investment, Inc. ($22.0 million), Compass Mortgage Corporation ($10.0 million), and Capital One Public Funding,
<br />LLC ($13.1 million). Of the proceeds received, the City used $8.0 million to refinance the outstanding 1998 Certificate of Participation (City
<br />Hall Expansion Project). These issues will mature serially beginning on January 1, 2015 through 2028. The remaining $37.0 million of the
<br />proceeds was used to partially advance refund the 1994 Police Administration and Holding Facility Lease Revenue bonds. These issues will
<br />mature serially beginning on July 1, 2015 through 2024. The advance refunding resulted in a cash flow difference of $2.6 million and an
<br />economic gain of $2.1 million.
<br />ACTUAL ACTUAL PROJECTED PROPOSED
<br />FY 15-16 FY 1647 FY 17-18 FY 18-19
<br />REVENUES
<br />40419002 2014 LEASE FINANCING
<br />59000-11 Transfer From Fund ll
<br />4,954,510
<br />4,956,840
<br />4,956,475
<br />4,950,743
<br />59000-86 Transfer From Fund 86
<br />115,765
<br />116,105
<br />115,570
<br />115,570
<br />59000-101 Transfer From Fund 101
<br />96,596
<br />96,885
<br />96,435
<br />96,435
<br />59301 Financing Proceeds
<br />0
<br />0
<br />0
<br />0
<br />TOTAL LEASE FINANCING DEBT SERVICE FUND
<br />5;166,871
<br />5,169,830
<br />5,168,480
<br />5,162,748
<br />7-23
<br />ACTUAL
<br />ACTUAL
<br />PROJECTED
<br />PROPOSED
<br />EXPENDITURES
<br />FY 15-16
<br />FY 16-17
<br />FY 17-18
<br />FY 18-19
<br />40419020 2014 LEASE FINANCING
<br />62300 Contract Services - Professional
<br />0
<br />11,000
<br />11,000
<br />11,000
<br />67300 Bond Principal
<br />3,755,000
<br />3,885,000
<br />4,015,000
<br />4,145,000
<br />67310 Bond Interest
<br />1,400,867
<br />1,273,826
<br />1,142,480
<br />1,006,748
<br />67401 Insurance Cost
<br />0
<br />0
<br />0
<br />0
<br />67403 Payment to Bond Escrow Agent
<br />0
<br />0
<br />0
<br />0
<br />TOTAL LEASE FINANCING DEBT SERVICE FUND5,155,867
<br />5,169,826
<br />5,168,480
<br />5,162,748
<br />7-23
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