Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Direct and Overlapping Governmental Activities Debt
As of June 30, 2008
TABLE 13
149
Estimated Estimated share
Debt Percentage of Overlapping
Outstanding Applicable Debt
Overlapping debt:
Los Angeles County General Fund Obligations $ 1,019,552,788
1.730% $ 17,638,263
Los Angeles County Pension Obligations 352,255,398 1.730% 6,094,018
Los Angeles County Superintendent of Schools Certificates of Participation 17,861,064 1.730% 308,996
Los Angeles County Flood Control District 99,210,000 1.770% 1,756,017
Metropolitan Water District 327,215,000 0.862% 2,820,593
Santa Monica Community College District 197,452,931 58.570% 115,648,182
Los Angeles Unified School District 7,325,045,000 0.0002% 14,650
Santa Monica-Malibu Unified School District 139,295,034 58.643% 81,686,787
Los Angeles County Regional Park and Open Space Assessment District 269,995,000 1.730% 4,670,914
Santa Monica Community College District Certificates of Participation 27,840,000 58.570% 16,305,888
Los Angeles Unified School District Certificates of Participation 498,121,710 0.0002% 996
Los Angeles Community College District 1,370,820,000 0.009% 123,374
Santa Monica-Malibu Unified School District Certificates of Participation 17,306,501 58.643% 10,149,051
Subtotal, overlapping debt 257,217,729
City direct governmental debt 167,610,000
Total direct and overlapping governmental debt $ 424,827,729
Source: California Municipal Statistics, Inc.