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City of Pleasanton Operating Budget • FY 2023/24 - FY 2024/2565
<br />FY 2023/24 - FY 2024/25 OPERATING BUDGET
<br />PROJECTED DEBT RATIOS & PAYMENTS THROUGH 2025
<br />Actual
<br />FY 2021/22
<br />Modified
<br />FY 2022/23
<br />Projected
<br />FY 2023/24
<br />Projected
<br />FY 2024/25
<br />Final Payment
<br />Year
<br />WATER FUND REVENUE $30,346,818 $30,010,541 $34,468,041 $37,757,041
<br />DEBT SERVICE:
<br />(Collateralized by Water Fund
<br />Revenues)
<br />2017 PJPFA Water Revenue Bonds1 979,980 980,630 980,850 980,640 2/2025
<br />2016 Recycled Water Project Loan2 434,895 434,896 434,895 434,895 10/2046
<br />Subtotal $1,414,875 $1,415,526 $1,415,745 $1,415,535
<br />DEBT RATIO 4.7%4.7%4.1%3.7%
<br />Expenditures
<br />OTHER DEBT:
<br />Golf Course Equipment Lease3 58,231 58,231 38,421 31,818 9/2026
<br />2015 State CEC Led Street Light
<br />Project Loan4 190,628 94,378 - - 12/2022
<br />2019A HUD Section 108 Loan5 69,735 68,455 67,164 65,843 8/2034
<br />Subtotal $318,594 $221,064 $105,585 $97,661
<br />TOTAL DEBT SERVICE $1,733,469 $1,636,590 $1,521,330 $1,513,196
<br />1 2017 PJPFA Water Revenue Bonds. On February 16, 2017, PJPFA issued $7.1 million dollar Non-Callable Water Revenue Bonds Series
<br /> 2017 to fund DERWA facilities expansion project.
<br />2 State of California, Water Resource Control Board (CWRCB) Loan to support the construction of Recycled Water Project Phase 1A
<br /> system that provides recycled water to the Ken Mercer Sports Park.
<br />3 US Bancorp five-year (two agreements) and Yamaha Motor Finance four-year golf course equipment lease.
<br />4 State of California Energy Commission (CEC) Loan for installing energy efficient street, park, & pathways LED lights.
<br />5 2019A HUD Section 108 Loan. The Cities of Dublin, Livermore and Pleasanton entered into an agreement with US HUD to borrow
<br /> $950,000 under the Variable/Fixed Rate (“VFR”) Note No.B-14-MC-06-0050 guaranteed pursuant to Section 108 of the Housing
<br /> and Community Development Act of 1974, as amended to reimburse Axis Community Health, Inc for construction costs of their
<br /> new health clinic. 2015 HUD Section 108 Loan was converted to 2019A HUD Section 108 Loan on March 28, 2019 with a step up
<br /> (fixed)interest rate financing. The amount reported represents the City of Pleasanton only portion of debt services.
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