|
Direct and Overlapping Bonded Debt
<br /> The following table contains information on Seal Beach's direct and overlapping bonded indebtedness
<br /> as of June 30, 1996.
<br /> CITY OF SEAL BEACH
<br /> Direct and Overlapping Bonded Debt
<br /> 1995-96 Assessed Valuation: $1,721,205,417 (after deducting $136,907,157 redevelopment incremental
<br /> valuation)
<br /> DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT: % Applicable Debt 6/30/96
<br /> Orange County 1.083% $ 4,278
<br /> Metropolitan Water District 0.214 1,294,475
<br /> Los Alamitos Unified School District Community Facilities District#90-1 53.076 6,379,735
<br /> City of Seal Beach 100.000 160,000(1)
<br /> City of Seal Beach 1915 Act Bonds 100.000 1,655,885
<br /> TOTAL GROSS DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT $9,494,373
<br /> Less: City water bonds(100% self-supporting) 160,000
<br /> TOTAL NET DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT $9,334,373
<br /> OVERLAPPING LEASE OBLIGATION DEBT:
<br /> Orange County General Fund Obligations 1.083% $ 6,059,753
<br /> Orange County Pension Obligations 1.083 3,375,765
<br /> Orange County Teeter Plan Obligations 1.083 1,678,650
<br /> Orange County Transit Authority 1.083 228,513
<br /> Municipal Water District of Orange County Water Facilities Corporation 1.648 1,360,506
<br /> Orange County Water District Certificates of Participation 1.652 3,404,029
<br /> Orange County Sanitation District No. 3 Certificates of Participation 5.288 6,709,391
<br /> Coast Community College District Certificates of Participation 3.182 649,255
<br /> Huntington Beach Union High School District Certificates of Participation 0.001 10
<br /> TOTAL GROSS OVERLAPPING LEASE OBLIGATION DEBT $23,465,872
<br /> Less: Orange County Transit Authority 182,810
<br /> Orange County Water District Certificates of Participation 3,404,029
<br /> MWDOC Water Facilities Corporation (100% self-supporting) 1.360,506
<br /> TOTAL NET OVERLAPPING LEASE OBLIGATION DEBT $18,518,527 •
<br /> GROSS COMBINED TOTAL DEBT $32,960,245 (2)
<br /> NET COMBINED TOTAL DEBT $27,852,900
<br /> (1) Excludes share of issue to be sold.
<br /> (2) Excludes tax and revenue anticipation notes, revenue, mortgage revenue and tax allocation bonds and non-bonded
<br /> capital lease obligations.
<br /> Ratios to Assessed Valuation:
<br /> Direct Debt 0.01%
<br /> Total Gross Direct and Overlapping Tax and Assessment Debt 0.55%
<br /> Total Net Direct and Overlapping Tax and Assessment Debt 0.54%
<br /> Gross Combined Total Debt 1.91%
<br /> Net Combined Total Debt 1.62%
<br /> STATE SCHOOL BUILDING AID REPAYABLE AS OF 6/30/95: $0
<br /> Source: California Municipal Statistics,Inc.
<br /> B-81
<br />
|