here - City of Reedley

CITY DEBT SERVICE SUMMARY
DEBT TITLE
REASON
ORIGINAL PRINCIPAL
AMOUNT
YEAR ISSUED
2012-13 DEBT
PAYMENT
2013-14 DEBT
PAYMENT
OUTSTANDING PRINCIPAL
6/30/2014
FINAL PAYMENT
DATE
1 RDA 2011 Tax Exempt Bonds "A-" Uninsured Redevelopment Projects $8,275,000 2011 $567,528 $567,528 $8,275,000 5/1/2042
2 RDA 2011 Taxable Bonds "A-" Uninsured Redevelopment Projects $550,000 2011 $177,500 $175,800 $60,000 5/1/2015
Sewer Revenue Bonds 2001
3 "AAA" Insured BBB+ Underlying Rating WWTP Upgrade $1,950,000 2001 $187,028 $185,097 $175,000 6/1/2015
4 SunTrust Lease-Purchase Vactor Truck Purchase $256,000 2005 $31,932 $31,932 $46,067 12/22/2015
5
Water Revenue Bonds 2007
"AAA" Insured "A" Underlying Rating - 'Stable' Outlook* Water Meters, Water Towers $15,250,000 2007 $915,863 $918,363 $13,510,000 6/30/2038
6
Sewer Revenue Bonds 2007
"AAA" Insured "BBB+" Underlying Rating - 'Positive' Outlook WWTP Expansion & Upgrade $4,155,000 2007 $251,851 $248,251 $3,580,000 6/30/2037
7 SRF Loan WWTP Expansion & Upgrade $27,559,400 2009 $1,750,790 $1,750,790 $23,035,448 8/2/2029
8 Inter-Fund Loan : OS DIF To Park DIF Sports Park Construction $460,000 2009 $100,340 $100,340 $0 6/30/2014
9 Holman Capital Lease-Purchase Wood Grinder - Shredder $222,177 2011 $49,221 $49,221 $86,788 4/15/2016
10 General Fund Reserves Loan To Airport Refinance Interfund Loan $390,927 2011 $34,268 $34,268 $331,141 6/30/2026
11 Police and Administrative Vehicle Lease-Purchase Vehicles $245,752 2012 $65,783 $65,783 $126,446 6/30/2016
12 Inter-Fund Loan : Traffic DIF To Street Project Fund 007 Buttonwillow Ditch $402,311 2013 $0 $402,311 $0 6/30/2014
13 Inter-Fund Loan: Storm Drain DIF to FCTA Fund 016 Buttonwillow Ditch $255,705 2013 $0 $255,705 $0 6/30/2014
* Issuance reflects an upgrade in the underlying rating from "A-" to "A", issued by Standard & Poor's March 2013.
DEBT TITLE
REASON
$59,972,272 $4,132,104 $4,785,389 $49,225,890
Same Debt Identified Above
ORIGINAL PRINCIPAL
AMOUNT
YEAR ISSUED
1 RDA 2011 Tax Exempt Bonds Rdevelopment Projects $8,275,000 2011
2 RDA 2011 Taxable Bonds Redevelopment Projects $550,000 2011
3 Sewer Revenue Bonds 2001 WWTP Upgrade $1,950,000 2001
4 SunTrust Lease-Purchase Vactor Truck Purchase $256,000 2005
5 Water Revenue Bonds 2007 Water Meters, Water Towers $15,250,000 2007
6 Sewer Revenue Bonds 2007 WWTP Expansion & Upgrade $4,155,000 2007
7 SRF Loan WWTP Expansion & Upgrade $27,517,152 2009
8 Inter-Fund Loan : OS DIF To Park DIF Sports Park Construction $460,000 2009
9 Holman Capital Lease-Purchase Wood Grinder - Shredder $222,177 2011
10 General Fund Reserves Loan To Airport Refinance Interfund Loan $390,927 2011
11 Police and Administrative Vehicle Lease-Purchase Vehicles $245,752 2012
12 Inter-Fund Loan : Traffic DIF To Street Project Fund 007 Buttonwillow Ditch $402,311 2013
13 Inter-Fund Loan: Storm Drain DIF to FCTA Fund 016 Buttonwillow Ditch $255,705 2013
$59,972,272
QUALIFYING FUNDS FOR REPAYMENT
097 RDA Debt Service 95%, 096 RDA LMI Housing 5% : DS Ratio N/A : 135% Parity Debt
097 RDA Debt Service 55%, 096 RDA LMI Housing 45% : DS Ratio N/A : 135% Parity Debt
052 Sewer
052 Sewer
50 Water, 107 DIF Water Holding, 111 DIF Water Distribution : DS Ratio 110% : 125% Parity De
052 Sewer, 105 DIF WWTP, 106 DIF WW Collection : DS Ratio 110% : 125% Parity Debt
052 Sewer, 105 DIF WWTP, 106 DIF WW Collection : DS Ratio 110% : 125% Parity Debt
108 DIF Park Development
053 Disposal
041 Airport
004 Police Public Safety Sales Tax Equipment Fund
Fund 007
Fund 016
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CITY OF REEDLEY
ADOPTED BUDGET 2013-2014