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% |
Finance Department
(805) 385-7475