Laserfiche WebLink
City of Santa Ana <br />Pension Obligation Bonds <br />Scenario 2 - Base Case <br />Amounts in $0005 <br />Long -Term UAL Funded by POB % UAL Funded Balance 6/30/22 Deposit <br />Total Par Amount 648,90S.000 <br />Total UAL Funded 631,263.250 90.00% 701,395.050 591,634.604 <br />MiscelldrieuuS <br />222,5/1.8/2 <br />/6.04% <br />292,/03.b/2 208,699.53b <br />Safety <br />408,691.378 <br />100.00% <br />408,691.378 383,035.067 <br />Summary Statistics <br />Total <br />Miscellaneous <br />Safety <br />Average Life <br />13.2 years <br />12.7 years <br />13.5 years <br />TIC <br />2.862% <br />2.843% <br />2.872% <br />All -in TIC <br />2.883% <br />2.AM% <br />2.8939l. <br />Financial PV savings I%of Par) <br />40.79% <br />3982% <br />4134% <br />Financial PV Savings <br />264,693169 <br />93,547.844 <br />171,145325 <br />Cumulative Savings <br />316,816.423 <br />111,113.474 <br />205,702.949 <br />Budgetary Savings (vs; tY22 UAL) <br />170,856.462 <br />Sa,,ingS (hY77-)s) <br />103,421.460 <br />37,465.70) <br />103,471 460 <br />Mdxiniurn Annual Debt SNivice <br />46,8.33.924 <br />19,058 015 <br />29,806.858 <br />Maximum Annual Total Obligation <br />46,833.924 <br />26,602J90 <br />29,806.858 <br />Actuarial PV Savings I%of Par) <br />32A3% <br />31.83% <br />32J70/ <br />Actuarial PV Savings <br />210,433.520 <br />74,777.556 <br />135,655.964 <br />30,n J(1 <br />............... <br />Qn 0 <br />5(IAu(1 <br />40,000 <br />3p,CRln <br />f0,Of10 <br />U flrl(1 '. <br />4, <br />r etn Suvim - [J", and=d UAL tLsrent Jn ....... Y 21 LAL <br />O: Deposit calculation <br />Deooslt Date 7/15/2021 <br />DcposiL Discount FacLor 0.937223 <br />Miscellaneous <br />Safety <br />Total <br />POB Proceeds 208,599.536 <br />383,035.067 <br />- 591,634.604 <br />1)1®cuunL1n9 (Actuarial RaLe) 13,972.336 <br />25,656.311 <br />- 39,628.646 <br />UAL Payment 222,S71.872 <br />408,691378 <br />- 631,263.2S0 <br />City Council <br />23 — 155 <br />5/18/2021 <br />BofA Securities - Preliminary Analysis 3/10/2021 Page 2 of 18 <br />