Outstanding Debt Obligations

Outstanding City Debt Obligation

The following graph and associated tables provide detail of the City’s outstanding bond debt obligations as of July 1, 2016.

The bonds are categorized by the funds that secure the debt obligations (e.g., General Fund, Water Fund, Wastewater Fund, etc.). This information includes only such debt that is paid by funds of the City of Oxnard, and excludes assessment district, Community Facilities District, and tax allocation debt, which are not obligation of the City.

Outstanding City Debt Obligation in $ and % –
General Fund: $49,734,198, or 9% of total;
Half cent Sales Tax Fund: $31,692,265, or 8% of total;
Special Revenue Funds: $ 29,998,600, or 10% of total;
Water Fund: $181,267,653, or 44% of total;
Wastewater Fund :$111,506,491, or 27% of total;
Solid Waste Fund: $5,297,158, or 1% of total;
Golf Course Fund : $1,348,277 or 0.3282% of total.

	7/1/2016	ANNUAL DEBT
	BALANCE	SERVICE	MATURITY
GENERAL FUND
CERTIFICATES OF PARTICIPATION, SERIES 2012	4,308,474	481,230	6/1/2028
ADJUSTABLE RATE LEASE REVENUE BONDS, 2003	9,855,000	855,491	6/1/2033
LEASE REVENUE BONDS SERIES 2011	20,215,000	1,435,995	6/1/2036
BANK OF AMERICA/WESTERN ALLIANCE LEASE PURCHASES	2,789,324	1,077,183	10/1/2020
VARIABLE RATE LEASE SERIES 2006 (CIVIC CENTER II)	12,566,400	879,802	6/1/2036
Total General Fund	49,734,198	4,729,701

HALF CENT SALES TAX
LEASE REVENUE PROJECT AND REFUNDING BONDS, SERIES 2014	15,665,000	1,664,900	6/1/2029
FIRE STATION BONDS, SERIES 2014	15,380,000	1,357,534	12/1/2031
BANK OF AMERICA/WESTERN ALLIANCE LEASE PURCHASES	647,265	169,182
Total Half Cent Sales Tax	31,692,265	3,191,616

WATER FUND
WATER REVENUE PROJECT BONDS SERIES 2006	47,350,000	3,427,548	6/1/2036
WATER REVENUE PROJECT BONDS SERIES 2010A	9,935,000	1,969,925	6/1/2022
WATER REVENUE PROJECT BONDS SERIES 2010B (BAB’s)	83,670,000	5,788,173	6/1/2040
WATER REVENUE REFUNDING BONDS SERIES 2012	7,730,000	731,069	6/1/2030
WATER REVENUE REFUNDING, PROJECT BONDS SERIES 2014	32,572,335	2,532,994	6/1/2034
BANK OF AMERICA/WESTERN ALLIANCE LEASE PURCHASES	10,318	7,114	9/1/2017
Total Water Fund	181,267,653	14,456,822

WASTEWATER TREATMENT FUND
WASTEWATER REVENUE REFUNDING, SERIES 2013	12,574,441	3,362,745	6/1/2020
WASTEWATER REVENUE REFUNDING, SERIES 2014	71,985,000	3,599,250	6/1/2034
WASTEWATER REVENUE BONDS, SERIES 2004 B	16,750,000	1,702,343	6/1/2034
WASTEWATER REVENUE PROJECT BONDS, SERIES 2006	10,030,000	795,330	6/1/2036
BANK OF AMERICA/WESTERN ALLIANCE LEASE PURCHASES	167,050	50,596	9/1/2019
Total Wastewater Treatment Fund	111,506,491	9,510,264

ENVIRONMENTAL RESOURCES FUND
TRASH CONTAINER LEASE PURCHASE	803,958	422,943	4/23/2018
SOLID WASTE LOAND FROM WATER	4,439,832	1,194,435	11/1/2019
BANK OF AMERICA/WESTERN ALLIANCE LEASE PURCHASES	53,367	36,798	9/1/2017
Total Environmental Resources Fund	5,297,158	1,654,176


GOLF COURSE ENTERPRISE FUND
WATER LOAN TO GOLF COURSE ENTERPRISE FUND	1,348,277	159,340	7/1/2025
Total Golf Course Enterprise Fund	1,348,277	159,340

SPECIAL REVENUE FUND
VARIABLE RATE LEASE SERIES 2006 (CIVIC CENTER II)	6,473,600	453,231	6/1/2036
GAS TAX REVENUE CERTIFICATES OF PARTICIPATION SERIES 2007	23,525,000	1,705,475	9/1/2037
Total Special Revenue Fund	29,998,600	2,158,706

Totals	410,844,641	35,860,626

	07/01/2016 BALANCE	PERCENT OF TOTAL BALANCE
GENERAL FUND	49,734,198	12%
HALF CENT SALES TAX	31,692,265	8%
WATER FUND	181,267,653	44%
WASTEWATER FUND	111,506,491	27%
ENVIRONMENTAL RESOURCES FUND	5,297,158	1%
GOLF COURSE ENTERPRISE FUND	1,348,277	0.3282%
SPECIAL REVENUE FUND	29,998,600	7%

TOTAL	410,844,641	100%

For further information:
Finance Department
(805) 385-7475