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FY 2025/26 - FY 2026/27 Operating Budget
<br />Projected Debt Ratios & Payments Through 2027
<br />2017 PJPFA Water Revenue Bonds (1)
<br />2016 Recycled Water Project Loan (2)
<br />2024 PJPFA Water Revenue Bonds (3)
<br />Subtotal
<br />DEBT RATIO
<br />Expenditures
<br />OTHER DEBT:
<br />Golf Course Equipment Lease/Purchase (4)
<br />2019A HUD Section 108 Loan (5)
<br />Sun Ridge Computer System (6)
<br />Fire Engine Lease/Purchase (7)
<br />Vehicle Lease/Purchase (8)
<br />Subtotal
<br />DEBT SERVICE Total
<br />$1,900,000
<br />-
<br />04-2024
<br />$434,895
<br />$434,895
<br />$434,895
<br />$434,895
<br />10-2046
<br />-
<br />$1,112,594
<br />$1,113,750
<br />$1,115,250
<br />04-2054
<br />$2,334,895
<br />$1,547,489
<br />$1,548,645
<br />$1,550,145
<br />6.8%
<br />3.8%
<br />3.6%
<br />3.4%
<br />$147,180
<br />$142,442
<br />$129,242
<br />$47,333
<br />01-2028
<br />$67,164
<br />$65,843
<br />$64,491
<br />$63,092
<br />08-2034
<br />$188,113
<br />$188,113
<br />$188,113
<br />$188,113
<br />01-2028
<br />$138,916
<br />$277,833
<br />$277,833
<br />$277,834
<br />09-2028
<br />$327,330
<br />$372,114
<br />$323,403
<br />$292,172
<br />05-2029
<br />$868,704
<br />$1,046,345
<br />$983,082
<br />$868,544
<br />$3,203,599
<br />$2,593,834
<br />$2,531,727
<br />$2,418,689
<br />(1) 2017 PJPFA Water Revenue Bonds. On February 16, 2017, PJPFA issued $7.1 million
<br />Non -Callable Water Revenue Bonds Series 2017 to fund DERWA facilities expansion project.
<br />The debt was paid off in April 2024
<br />(2) State of California, Water Resource Control Board (CWRCB) Loan to support the
<br />construction of Recycled Water Project Phase lA system that provides recycled water to the
<br />Ken Mercer Sports Park.
<br />(3) 2024 PJPFA Water Revenue Bonds. On June 4, 2024, PJPFA issued $17.3 million
<br />Water Revenue Bonds Series 2024 to fund near-term improvement projects. The bonds
<br />were priced at a premium, bringing total proceeds to $19.0 million.
<br />(4) Lease/purchase agreements with U.S. Bancorp, Wells Fargo, and Vantage Tag
<br />Systems. The City entered into several lease/purchase agreements for various goal course
<br />maintenance and operating equipment totaling $1.0 million.
<br />(5) 2019A HUD Section 108 Loan. The Cities of Dublin, Livermore and Pleasanton
<br />entered into an agreement with US HUD to borrow $950,000 under the Variable/Fixed Rate
<br />("VFR") Note No.B-14-MC-06-0050 guaranteed pursuant to Section 108 of the Housing and
<br />Community Development Act of 1974, as amended to reimburse Axis Community Health,
<br />Inc. for construction costs of their new health clinic. 2015 HUD Section 108 Loan was
<br />converted to 2019A HUD Section 108 Loan on March 28, 2019 with a step-up (fixed) interest
<br />rate financing. The amount reported represents the City of Pleasanton's portion of debt
<br />services.
<br />(6) Sun Ridge Computer System. On January 5, 2024, the City entered into a financed
<br />purchase agreement with Sun Ridge Systems, Inc. for aided dispatch and Records
<br />Management Software. The cost of the financed equipment was $855,235.
<br />(7) Fire Engine Lease/Purchase. On September 29, 2023, the City entered into a finance
<br />purchase agreement (Master Agreement) with JP Morgan Equipment Finance for a fire
<br />engine, an Enforcer 1500 GPM Pumper Type 1 Fire Engine. The cost of the financed
<br />equipment was $1,237,932.
<br />(8) Vehicle Lease/Purchase. The City entered into finance purchase agreements (Master
<br />Agreement) with Enterprise Fleet Management Trust for vehicles. At June 30, 2024, the
<br />balance on the financed vehicles was $948,037. At the end of the term, the City has the
<br />option to purchase the vehicles.
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