CITY OF RIVERSIDE
Fiscal Year 2025/2026 Quarterly
Summary of Outstanding Debt1
Debt Type By Funding Source
Outstanding
Beginning
Principal
Balance Q1
Outstanding
Beginning
Principal
Balance Q3
Q3 New Debt
Issued
Q3 Principal
Payments
Q3 Interest
Payments
Outstanding
Beginning
Principal
Balance Q4
General Fund/Measure Z
Pension Obligation Bonds 300,551,250 300,551,250 - - - 300,551,250 Certificates of Participation 50,229,936 50,229,936 - 3,418,426 312,333 46,811,510 Lease Revenue Bonds 80,573,663 77,838,973 - - - 77,838,973 Capital Leases 12,035,793 10,721,859 - 775,180 34,403 9,946,679 Interfund Loans 517,868 210,680 - - - 210,680
Total General Fund 443,908,509$ 439,552,697$ -$ 4,193,606$ 346,736$ 435,359,091$ Capital Projects Funds
Measure A Certificates of Participation 17,605,000 17,605,000 - - - 17,605,000 Total Capital Projects Funds 17,605,000$ 17,605,000$ -$ -$
-$
17,605,000$
Enterprise Funds
Pension Obligation Bonds 85,887,166$ 85,887,166$ -$ -$
-$
85,887,166$
Electric Fund Revenue Bonds 582,675,000 564,200,000 - - - 564,200,000 Water Fund Revenue Bonds 226,890,000 218,050,000 - - 130,092 218,050,000 Water Fund Capital Lease 5,018,726 4,588,705 - 437,836 91,798 4,150,869 Sewer Fund Revenue Bonds 292,445,000 263,940,000 - - 5,966,081 263,940,000 Lease Revenue Bonds 4,680,000 4,266,000 - - - 4,266,000 Certificates of Participation 21,770,064 21,770,064 - 1,481,574 135,368 20,288,490 Civic Entertainment Fund Loan 4,702,256 4,380,465 - - - 4,380,465 Convention Center Expansion Loan 22,996,537 21,848,369 - 577,804 180,215 21,270,564 Parking Fund Loans 7,058,040 6,531,633 - - - 6,531,633 Airport Fund Loans 2, 000,000 1,830,000 - - - 1,830,000 Total Enterprise Funds 1,256,122,789$ 1,197,292,402$ -$ 2,497,214$ 6,503,554$ 1,194,795,187$
Internal Service Funds
Pension Obligation Bonds 3,551,584$ 3,551,584$ -$ -$
-$
3,551,584$
Total Internal Service Funds 3,551,584$ 3,551,584$ -$ -$
-$
3,551,584$
RDA Successor Agency
Lease Revenue Bonds 1,371,338 1,250,027 - - - 1,250,027 Tax Allocation Bonds 122,115,000 111,320,000 - - 2,561,153 111,320,000 Interfund Loans 1,125,506 687,701 - -
- 687,701
Total RDA Successor Agency 124,611,844$ 113,257,728$ -$ -$
2,561,153$ 113,257,728$
Assessment Districts / Galleria Agreement / Community Facilities Districts Assessment Districts 11,055,000$ 9,660,000$ -$ -$
256,358$ 9,660,000$
Galleria Mall Improvements District Certificates of Participation 5,000 5,000 - - 66,338 5,000 Lease Revenue Refunding Bonds (Galleria) Series 2019A 11,685,000 10,880,000 - - - 10,880,000 Community Facilities Districts 30,860,000 29,905,000 - - 675,109 29,905,000 Total AD / Galleria / CFDs 53,605,000$ 50,450,000$ -$ -$
997,805$ 50,450,000$
Total $ 1,899,404,727 $ 1,821,709,412 $ - $ 6,690,821 $ 10,409,248 $ 1,815,018,591 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 2025/2026 Quarterly
Outstanding Debt1
2025-2026
Debt Type / Issuance
Year
Issued
(FY)
Final
Maturity
(FY)
Total Issue Size
Outstanding
Beginning
Principal
Balance Q1
Outstanding
Beginning
Principal
Balance Q3
Q3 New Debt
Issued
Q3 Principal
Payments
Q3 Interest
Payments
Outstanding
Beginning
Principal
Balance Q4
Pension Obligation2
Pension Obligation Bonds Series 2017A 2017 2027 31,960,000$ 7,055,000$ 7,055,000$ -$ -$ -$ 7,055,000$ Pension Obligation Bonds Series 2020A (Safety) 2020 2045 231,085,000 229,280,000 229,280,000 - - - 229,280,000 Pension Obligation Bonds Series 2020A (Misc) 2020 2043 201,080,000 153,655,000 153,655,000 - - - 153,655,000 464,125,000$ 389,990,000$ 389,990,000$ -$ -$ -$ 389,990,000$ Certificates of Participation
Galleria Mall Improvements COPs Series 2006A 2006 2037 19,945,000$ 5,000$ 5,000$ -$ -$ 66,338$ 5,000$ Riverside Renaissance Projects Refunding COPs Series 2008A 2008 2037 128,300,000 72,000,000 72,000,000 - 4,900,000 447,701 67,100,000 Local Measure A Sales Tax Revenue Refunding COPs Series 2023A 6 2024 2033 21,190,000 17,605,000 17,605,000 - - - 17,605,000 169,435,000$ 89,610,000$ 89,610,000$ -$ 4,900,000$ 514,039$ 84,710,000$ Lease Revenue Bonds
Lease Revenue Refunding Bonds (Galleria) Series 2019A 2019 2037 15,980,000 11,685,000 10,880,000 - - - 10,880,000 Lease Revenue Bonds (Main Library Project) Series 2019B 2019 2037 33,505,000 24,605,000 23,060,000 - - - 23,060,000 Lease Revenue Refunding Bonds Series 2024A 2025 2034 19,500,000 19,500,000 17,775,000 - - - 17,775,000 Lease Revenue Bonds Series 2025A (Museum) 2025 2055 42,520,000 42,520,000 42,520,000 - - - 42,520,000 111,505,000$ 98,310,000$ 94,235,000$ -$ -$ -$ 94,235,000$ Capital Leases
BofA #3 - Fire, PW and Refuse Vehicles and Equipment 2017 2027 14,500,000 3,918,666 3,151,856 - 775,180 34,403 2,376,676 BofA #4 - Police Helicopters 2022 2032 11,291,564 8,117,127 7,570,003 - - - 7,570,003 BofA #2 - Water Fund Vehicles Capital Lease 2018 2028 2,305,000 504,593 380,661 - 125,398 4,502 255,263 JPM # 1000150621 - Water Fund Electric Vehicles 2025 2032 4,814,000 4,514,133 4,208,044 - 312,438 87,296 3,895,607
32,910,564$ 17,054,519$ 15,310,564$ -$ 1,213,016$ 126,200$ 14,097,548$ Interfund Loans3
Airport Interfund Loan 2025 2037 2,000,000$ 2,000,000$ 1,830,000$ -$ -$ -$ 1,830,000$ Reid Park Acquisition Interfund Loan 2011 2028 720,000 143,345 86,317 - - - 86,317 Riverside Golf Course Acquisition Interfund Loan 2011 2028 4,837,500 982,161 601,385 - - - 601,385 Parking Interfund Loan Outlay Garages 1 & 2 2024 2034 2,000,000 1,800,000 1,633,418 - - - 1,633,418 Solid Waste Truck Purchases Interfund Loan 2025 2028 2,870,000 2,870,000 2,170,000 - - - 2,170,000 Utilities Plaza Purchase Interfund Loan 2012 2027 4,469,221 517,868 210,680 - - - 210,680 16,896,721$ 8,313,374$ 6,531,799$ -$ -$ -$ 6,531,799$ Private Placement Loans
Fox Entertainment Plaza Loan 2011 2032 25,000,000$ 9,960,296$ 9,278,680$ -$ -$ -$ 9,278,680$ Convention Center Expansion Loan4 2013 2034 44,650,000 22,996,537 21,848,369 - 577,804 180,215 21,270,564 69,650,000$ 32,956,833$ 31,127,048$ -$ 577,804$ 180,215$ 30,549,244$ Enterprise Revenue Bonds
Electric Revenue Bonds (2010) Series A 2010 2041 133,290,000$ 120,805,000$ 117,965,000$ -$ -$ -$ 117,965,000$ Electric Revenue Refunding Bonds (2019) Series A 2019 2049 283,325,000 218,635,000 210,730,000 - - - 210,730,000 Electric Revenue Refunding Bonds (2023) Series A 2024 2044 31,390,000 30,400,000 29,400,000 - - - 29,400,000 Electric Revenue Bonds (2024) Series A 2024 2050 213,295,000 212,835,000 206,105,000 - - - 206,105,000 Water Revenue Bonds (2009) Series B 2010 2040 67,790,000 57,365,000 54,505,000 - - - 54,505,000
FISCAL YEAR
Total Interfund Loans
Total Private Placement Loans
Total Pension Obligation Bonds
Total Certificates of Participation
Total Lease Revenue Bonds
Total Capital Leases
CITY OF RIVERSIDE
Fiscal Year 2025/2026 Quarterly
Outstanding Debt1
Debt Type / Issuance
Year
Issued
(FY)
Final
Maturity
(FY)
Total Issue Size
Outstanding
Beginning
Principal
Balance Q1
Outstanding
Beginning
Principal
Balance Q3
Q3 New Debt
Issued
Q3 Principal
Payments
Q3 Interest
Payments
Outstanding
Beginning
Principal
Balance Q4
Water Revenue Bonds (2011) Series A 2011 2036 59,000,000 24,050,000 24,050,000 - - 130,092 24,050,000 Water Revenue Refunding Bonds (2019) Series A 2019 2049 114,215,000 89,105,000 84,090,000 - - - 84,090,000 Water Revenue Bonds (2022) Series A 2022 2053 58,025,000 56,370,000 55,405,000 - - - 55,405,000 Sewer Revenue Bonds (2015) Series A 2015 2041 200,030,000 161,060,000 - - - - - Sewer Revenue Bonds (2018) Series A 2019 2040 153,670,000 128,515,000 122,605,000 - - 3,008,825 122,605,000 Sewer Revenue Refunding Bonds (2025) Series A 2026 2040 139,165,000 - 139,165,000 - - 2,957,256 139,165,000 1,453,195,000$ 1,099,140,000$ 1,044,020,000$ -$ -$ 6, 096,173$ 1,044,020,000$
Tax Allocation Bonds
2014 Subordinate Tax Allocation Refunding Bonds Series 2014A 2014 2034 61,250,000$ 18,890,000$ 14,810,000$ -$ -$ 362, 750$
14,810,000$
2018 Tax Allocation Refunding Bonds Series 2018A 2018 2034 74,435,000 62,845,000 56,130,000 - - 1,400,766 56,130,000 2018 Tax Allocation Refunding Bonds, Taxable Series 2018B 2018 2033 40,380,000 40,380,000 40,380,000 - - 797,638 40,380,000 176,065,000$ 122,115,000$ 111,320,000$ -$ -$ 2, 561,153$ 111,320,000$
Mello Roos and Assessment District Bonds
Riverwalk Business Center Assessment District Bonds 2004 2029 3,755,000$ 1,225,000$ 1,010,000$ -$ - $ 31,
563$
1,010,000$
Sycamore Canyon Business Park CFD 92-1 Bonds 2005 2034 9,700,000 4,945,000 4,555,000 - - 120,708 4,555,000 Hunter Park Assessment District Bonds 2006 2036 15,269,906 8,485,000 7,960,000 - - 206, 683 7,960,000
Riverwalk Assessment District Refunding Bonds 2011 2026 7,805,000 1,345,000 690,000 - - 18,113 690,000 Riverwalk Vista CFD 2006-1 Bonds 2013 2043 4,415,000 3,445,000 3,330,000 - - 85,253 3,330,000 Riverwalk Vista CFD 2006-1 Improv Area No.2 2016 Series A 2016 2046 5,505,000 4,880,000 4,790,000 - - 84,647 4,790,000 Riverwalk Vista CFD 2006-1 Improv Area No.2 2016 Series B 2016 2031 1,275,000 640,000 560,000 - - 12,981 560,000 Highlands CFD 2014-2 2016 Series A 2016 2046 1,800,000 1,715,000 1,705,000 - - 28,088 1,705,000 Highlands CFD 2014-2 2016 Series B 2016 2031 810,000 430,000 375,000 - - 8,500 375,000 Orangecrest CFD 2015-1 Bonds Series 2020 Series A 2020 2050 2,075,000 2,075,000 2,075,000 - - 41,500 2,075,000 Orangecrest CFD 2015-1 Bonds Series 2020 Series B 2020 2028 365,000 170,000 115,000 - - 1,955 115,000 Pomelo CFD 2015-2 Bonds Series 2022A 2022 2053 4,805,000 4,630,000 4,540,000 - - 101,363 4,540,000 Kunny Ranch CFD 2013-1 Series 2024 2024 2054 4,140,000 4,140,000 4,070,000 - - 101,750 4,070,000 Riverpointe/Park Place CFD 2021-2 Series 2025A 2025 2055 3,790,000 3,790,000 3,790,000 - - 88,366 3,790,000 65,509,906$ 41,915,000$ 39,565,000$ -$ -$ 931, 467$
39,565,000$
Total $ 2,559,292,191 $ 1,899,404,727 $ 1,821,709,412 $ - $ 6,690,821 $ 10,409,248 $ 1,815,018, 591 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 & June 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. 6 The Measure A bonds were refinanced in July 2023 for debt service savings, same final maturity.
Total Mello Roos and Assessment District Bonds
Total Enterprise Revenue Bonds
Total Tax Allocation Bonds