Professional Documents
Culture Documents
April 7, 2016
Barry Bernabe
Managing Director
PrroENrx
ADVISORS, LLC
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Page 2
ighest
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Lowest
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Page 3
Project
Amount
Authorized
$5,200,000
5,120,000
Total
Lot A TaxExempt to
Mature 5123116
Lot B Taxable
to Mature
5t23t16
$2,975,000
3,750,000
$3,750,000
$2,975,000
Page 4
$3,500,000
$3,000,000
N2013-14
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aRiverside
P&l
$2,500,000
$2,000,000
$1,500,000
$1,000,000
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FiscalYear
Page 5
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Page 6
Descriiption
2
3
Tvpe
FY
2015-16
FY
2OL6-LI
FY 2OL7-L8
School
1,610,000
1,080,000
1,075,000
School
1,190,000
1.200.000
1,180,000
School
L37,225
72,675
24,1,88
School
L24.200
88.350
52,650
ARMS/PW
85,356
85,356
FY
2018-19
FY
20L9-20
FY
2020-2L
1,165,000
77,475
77,913
85,356
7L.913
Fire/PW
1.44,400
L3L,47A
t3L,470
L37,470
73L,470
78,865
Citv/Housins
1s0.000
18s,000
325,000
300,000
300,000
300,000
City/Housing
50,000
50,000
50,000
50,000
s0,000
s0,000
200,000
200,000
200,000
200,000
200,000
150,000
125,000
LL7,OOO
110,500
108,000
25,000
540,000
1,0s5,000
1,110,000
3,273,664
PW
10
City
LI
Citv
L2
City
L3
L4
15
3.613.094
50,000
FY
3,314,764
(1,464,s74\
1,846,865
(1,399,132)
2,520,945
(672,952
1-,846,970
(1,,762,1.s81
1.850.936
1,850,190
1.,874,532
L,847,993
L,846,970
L,8,46,965
2075-76
Page
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
o
N
o
N
FiscalYear
Page 8
Summary Points
o Though the Fed has started to raise short-term interest rates, they remain at close to
historic Iow levels (about 0.50%) and so do long-term rates.
.
.
The City has rating of AA- which will allow for strong investor demand.
The City has an opportunity for a possible upgrade to AA
very aggressively.
Structured appropriately - the City can issue over $4 million per year with no impact on
the debt service budget.
o The City currently budgets about $1.8 million per year for debt service. The City would
need to keep debt service budgeted at the $1.8 million.
Page 9