CITY OF RIVERSIDE
Fiscal Year 2021/2022 Third Quarter
Summary of Outstanding Debt1
Debt Type By Funding Source
Principal
Balance as of
1/1/2022
Q3 New Debt
Issued
Q3 Principal
Payments
Q3 Interest
Payments
Principal
Balance as of
4/1/2022
Projected
Principal
Balance
6/30/2022
General Fund/Measure Z
General Obligation Bonds 4,940,000 $ - $ - $ 135,850$ 4,940,000 $ 4,940,000.00$ Pension Obligation Bonds 333,879,538 - - - 333,879,538 333,879,538 Certificates of Participation 62,787,420 - 2,999,843 521,523 59,787,577 59,787,577 Lease Revenue Bonds 47,848,478 - - - 47,848,478 47,848,478 Ryan Bonaminio Park Loan 230,049 - - - 230,049 - Capital Leases 13,268,220 - 1,672,377 147,823 11,595,843 11,595,843 Interfund Loans 1,477,730 - - - 1,477,730 1,477,730 Total General Fund 464,431,435$ - $ 4,672,220$ 805,196 $ 459,759,215$ 459,529,166 $ Capital Projects Funds
Measure A Certificates of Participation 26,660,000 - - - 26,660,000 24,985,000 Total Capital Projects Funds 26,660,000$ - $ - $ - $ 26,660,000$ 24,985,000 $ Enterprise Funds
Pension Obligation Bonds 110,718,958 $ - $ - $ - $ 110,718,958$ 110,718,958 $ Electric Fund Revenue Bonds 524,130,000 - - 769,832 524,130,000 524,130,000 Electric Fund Capital Leases 637,874 - 136,776 2,964 501,098 363,637 Water Fund Revenue Bonds 192,190,000 - - 194,328 192,190,000 192,190,000 Water Fund Capital Lease 1,332,498 - 114,142 15,759 1,218,356 1,218,356 Sewer Fund Revenue Bonds 322,855,000 - - 7,956,775 322,855,000 322,855,000 Lease Revenue Bonds 6,625,200 - - - 6,625,200 6,625,200 Certificates of Participation 27,212,580 - 1,300,157 226,033 25,912,423 25,912,423 Civic Entertainment Fund Loan 6,790,902 - - - 6,790,902 6,509,317 Convention Center Expansion Loan 30,551,849 - 513,816 238,708 30,038,033 29,520,327 Parking Fund Loans 7,593,555 - - - 7,593,555 7,278,688 Total Enterprise Funds 1,230,638,416$ - $ 2,064,891$ 9,404,398 $ 1,228,573,525$ 1,227,321,906 $ Internal Service Funds
Pension Obligation Bonds 4,576,504 $ - $ - $ - $ 4,576,504$ 4,576,504 $ Total Internal Service Funds 4,576,504$ - $ - $ - $ 4,576,504$ 4,576,504 $ RDA Successor Agency
Lease Revenue Bonds 9,201,322 - - - 9,201,322 9,201,322 Tax Allocation Bonds 147,795,000 - - 3,469,608 147,795,000 147,795,000 Interfund Loans 2,512,889 - - - 2,512,889 2,512,889 Total RDA Successor Agency 159,509,211$ - $ - $ 3,469,608$ 159,509,211$ 159,509,211 $ Assessment Districts / Galleria Agreement / Community Facilities Districts Assessment Districts 16,315,000 $ - $ - $ 399,542$ 16,315,000$ 16,315,000 $ Galleria Mall Improvements District Certificates of Participation 5,000 - - 125 5,000 5,000 Lease Revenue Refunding Bonds (Galleria) Series 2019A 13,960,000 - - - 13,960,000 13,960,000 Community Facilities Districts 20,475,000 - - 448,112 20,475,000 20,475,000 Total AD / Galleria / CFDs 50,755,000$ - $ - $ 847,779$ 50,755,000$ 50,755,000 $ Total $1,936,570,565 $ - $ 6,737,111 $ 14,526,982 $ 1,929,833,454 $ 1,926,676,786 1 Excludes water stock acquisition rights, copier leases, development agreements, and amortization of premiums and discounts on outstanding debt, none of which are material.
CITY OF RIVERSIDE
Fiscal Year 2021/2022 Third Quarter
Outstanding Debt1
Debt Type / Issuance
Year
Issued
(FY)
Final
Maturity
(FY)
Total Issue Size
Outstanding
Principal
Balance 1/1/2022
Q3 New
Debt Issued
Q3
Principal
Payments
Q3 Interest
Payments
Outstanding
Principal
Balance 4/1/2022
Projected
Principal
Balance
6/30/2022
General Obligation
Measure G Fire Facility Projects General Obligation Bonds 2004 2004 2025 20,000,000 $ 4,940,000 $ - $ - $ 135,850$ 4,940,000$ 4,940,000 $ 20,000,000$ 4,940,000 $ - $ - $ 135,850$ 4,940,000$ 4,940,000 $ Pension Obligation2
Pension Obligation Bonds Series 2004A 2004 2023 89,540,000 $ 10,715,000 $ - $ - $ - $ 10,715,000$ 10,715,000 $ Pension Obligation Bonds Series 2017A 2017 2027 31,960,000 16,915,000 - - - 16,915,000 16,915,000 Pension Obligation Bonds Series 2020A (Safety) 2020 2045 231,085,000 231,085,000 - - - 231,085,000 231,085,000 Pension Obligation Bonds Series 2020A (Misc) 2020 2043 201,080,000 190,460,000 - - - 190,460,000 190,460,000 553,665,000$ 449,175,000 $ - $ - $ - $ 449,175,000$ 449,175,000 $ Certificates of Participation
Galleria Mall Improvements COPs Series 2006A 2006 2037 19,945,000 $ 5,000 $ - $ - $ 125$ 5,000$ 5,000 $ Riverside Renaissance Projects Refunding COPs Series 2008A 2008 2037 128,300,000 90,000,000 - 4,300,000 747,556 85,700,000 85,700,000 Local Measure A Sales Tax Revenue COPs Series 2013A 2013 2033 35,235,000 26,660,000 - - - 26,660,000 24,985,000 183,480,000$ 116,665,000 $ - $ 4,300,000$ 747,681 $ 112,365,000$ 110,690,000 $ Lease Revenue Bonds
California Tower Lease Revenue Bonds Series 2003A 2003 2024 26,255,000 $ 6,265,000 $ - $ - $ - $ 6,265,000$ 6,265,000 $ California Tower Lease Revenue Bonds Series 2003B 2003 2024 4,810,000 995,000 - - - 995,000 995,000 Lease Revenue Refunding Bonds Series 2012A 2013 2034 41,240,000 27,605,000 - - - 27,605,000 27,605,000 Lease Revenue Refunding Bonds (Galleria) Series 2019A 2019 2037 15,980,000 13,960,000 - - - 13,960,000 13,960,000
Lease Revenue Bonds (Main Library Project) Series 2019B 2019 2037 33,505,000 28,810,000 - - - 28,810,000 28,810,000 121,790,000$ 77,635,000 $ - $ - $ - $ 77,635,000$ 77,635,000 $ Capital Leases
Pinnacle #2 - VOIP Phone System 2013 2023 1,650,000 $ 183,113 $ - $ 91,015$ 2,180 $ 92,098 $ 92,098 $ US Bank - Various Vehicles, Software, and Hardware 2016 2022 4,450,000 366,131 - 366,131 3,481 - - BofA #2 - Various Hardware and Software 2018 2028 7,955,000 3,659,520 - 504,532 43,278 3,154,988 3,154,988 BofA #3 - Fire Vehicles and Equipment 2017 2027 14,500,000 9,059,456 - 710,699 98,884 8,348,757 8,348,757 BofA #2 - Water Fund Vehicles Capital Lease 2018 2028 2,305,000 1,332,498 - 114,142 15,759 1,218,356 1,218,356 Electric Fund Vehicles Capital Leases - Various Various Various Various 637,874 - 136,776 2,964 501,098 363,637 30,860,000$ 15,238,592 $ - $ 1,923,295$ 166,546 $ 13,315,297$ 13,177,836 $ Interfund Loans
3 Reid Park Acquisition Interfund Loan 2011 2028 720,000 $ 323,902 $ - $ - $ - $ 323,902$ 323,902 $ Riverside Golf Course Acquisition Interfund Loan 2011 2028 4,837,500 2,188,987 - - - 2,188,987 2,188,987 Utilities Plaza Purchase Interfund Loan 2012 2027 4,469,221 1,477,730 - - - 1,477,730 1,477,730 10,026,721$ 3,990,619 $ - $ - $ - $ 3,990,619$ 3,990,619 $ Private Placement Loans
Pinnacle - Ryan Bonaminio Park Loan 2013 2022 4,000,000 $ 230,049 $ - $ - $ - $ 230,049$ - $ Fox Entertainment Plaza Loan 2011 2032 25,000,000 14,384,457 - - - 14,384,457 13,788,005 Convention Center Expansion Loan
4 2013 2034 44,650,000 30,551,849 - 513,816 238,708 30,038,033 29,520,327 73,650,000$ 45,166,355 $ - $ 513,816$ 238,708 $ 44,652,539$ 43,308,332 $ Enterprise Revenue Bonds
Electric Revenue Refunding Bonds (2008) Series A 2008 2029 84,515,000 $ 34,465,000 $ - $ - $ 243,648$ 34,465,000$ 34,465,000 $ Electric Revenue Refunding Bonds (2008) Series C 2008 2036 57,325,000 32,150,000 - - 250,290 32,150,000 32,150,000 Electric Revenue Bonds (2010) Series A 2010 2041 133,290,000 128,600,000 - - - 128,600,000 128,600,000 Total Interfund Loans
Total Private Placement Loans
Total General Obligation Bonds
Total Pension Obligation Bonds
Total Certificates of Participation
Total Lease Revenue Bonds
Total Capital Leases
CITY OF RIVERSIDE
Fiscal Year 2021/2022 Third Quarter
Outstanding Debt1
Debt Type / Issuance
Year
Issued
(FY)
Final
Maturity
(FY)
Total Issue Size
Outstanding
Principal
Balance 1/1/2022
Q3 New
Debt Issued
Q3
Principal
Payments
Q3 Interest
Payments
Outstanding
Principal
Balance 4/1/2022
Projected
Principal
Balance
6/30/2022
Electric Revenue Bonds (2011) Series A 2011 2036 56,450,000 35,550,000 - - 275,894 35,550,000 35,550,000 Electric Revenue Refunding Bonds (2013) Series A 2014 2044 79,080,000 36,355,000 - - - 36,355,000 36,355,000 Electric Revenue Refunding Bonds (2019) Series A 2019 2049 283,325,000 257,010,000 - - - 257,010,000 257,010,000 Water Revenue Bonds (2009) Series B 2010 2040 67,790,000 65,315,000 - - - 65,315,000 65,315,000 Water Revenue Bonds (2011) Series A 2011 2036 59,000,000 24,050,000 - - 194,328 24,050,000 24,050,000 Water Revenue Refunding Bonds (2019) Series A 2019 2049 114,215,000 102,825,000 - - - 102,825,000 102,825,000 Sewer Revenue Bonds (2015) Series A 2015 2041 200,030,000 179,430,000 - - 4,427,450 179,430,000 179,430,000 Sewer Revenue Bonds (2018) Series A5 2019 2040 153,670,000 143,425,000 - - 3,529,325 143,425,000 143,425,000 1,288,690,000$ 1,039,175,000 $ - $ - $ 8,920,934$ 1,039,175,000$ 1,039,175,000 $ Tax Allocation Bonds
2014 Subordinate Tax Allocation Refunding Bonds Series 2014A 2014 2034 61,250,000$ 32,415,000 $ - $ - $ 802,875$ 32,415,000$ 32,415,000 $ 2014 Subordinate Tax Allocation Refunding Bonds Series 2014B 2014 2024 1,730,000 565,000 - - 10,705 565,000 565,000 2018 Tax Allocation Refunding Bonds Series 2018A 2018 2034 74,435,000 74,435,000 - - 1,858,391 74,435,000 74,435,000 2018 Tax Allocation Refunding Bonds, Taxable Series 2018B 2018 2033 40,380,000 40,380,000 - - 797,638 40,380,000 40,380,000 177,795,000$ 147,795,000 $ - $ - $ 3,469,608$ 147,795,000$ 147,795,000 $ Mello Roos and Assessment District Bonds
Riverwalk Business Center Assessment District Bonds 2004 2029 3,755,000 $ 1,800,000 $ - $ - $ 55,729$ 1,800,000$ 1,800,000 $ Sycamore Canyon Business Park CFD 92-1 Bonds 2005 2034 9,700,000 5,990,000 - - 157,480 5,990,000 5,990,000 Hunter Park Assessment District Bonds 2006 2036 15,269,906 10,280,000 - - 265,978 10,280,000 10,280,000 Riverwalk Assessment District Refunding Bonds 2011 2026 7,805,000 3,135,000 - - 77,835 3,135,000 3,135,000 Auto Center Assessment District Refunding Bonds 2012 2024 4,050,000 1,100,000 - - - 1,100,000 1,100,000 Riverwalk Vista CFD 2006-1 Bonds 2013 2043 4,415,000 3,760,000 - - 94,547 3,760,000 3,760,000
Riverwalk Vista CFD 2006-1 Improv Area No.2 2016 Series A 2016 2046 5,505,000 5,140,000 - - 89,897 5,140,000 5,140,000 Riverwalk Vista CFD 2006-1 Improv Area No.2 2016 Series B 2016 2031 1,275,000 860,000 - - 18,485 860,000 860,000 Highlands CFD 2014-2 2016 Series A 2016 2046 1,800,000 1,750,000 - - 28,538 1,750,000 1,750,000 Highlands CFD 2014-2 2016 Series B 2016 2031 810,000 580,000 - - 12,225 580,000 580,000 Orangecrest CFD 2015-1 Bonds Series 2020 Series A 2020 2050 2,075,000 2,075,000 - - 41,500 2,075,000 2,075,000 Orangecrest CFD 2015-1 Bonds Series 2020 Series B 2020 2028 365,000 320,000 - - 5,440 320,000 320,000 56,824,906$ 36,790,000 $ - $ - $ 847,654$ 36,790,000$ 36,790,000 $ Total $ 1,936,570,565 $ - $ 6,737,111 $ 14,526,982 $ 1,929,833,454 $ 1,926,676,786 1 Excludes water stock acquisition rights, copier leases, development agreements, and amortization of premiums and discounts on outstanding debt, none of which are material. 2 Debt service for these bonds is allocated based on the percentage of CalPERS plan employees budgeted in those Funds. Payments sent to trustee 8/1 annually, but are actually paid to bondholders in Dec & 3 Beginning outstanding principal balance on interfund loans may be less than prior year projected ending balance due to actual FY 2018 pooled interest rate adjustment at end of FY 4 Debt service for this loan is primarily funded from a voter-approved increase in the transient occupancy tax rate from 11% to 13%. 5 Under the terms of an existing development agreement, increased incremental sales tax resulting from the expansion of the Auto Center funds the debt service on these bonds.
Total Mello Roos and Assessment District Bonds
Total Enterprise Revenue Bonds
Total Tax Allocation Bonds