DESCRIPTION: The City of Tustin's General Fund carries no long-term debt. The bond issuances below are funded from the following revenue sources: Community Facilities Districts (CFD) receive funding via a special tax that is collected from the residents and/or businesses in the designated area of the CFD; the Successor Agency for the Tustin Redevelopment Agency receives property tax increment collected within the former redevelopment areas to satisfy annual debt requirements; and Water Fund Bonds are paid via charges to businesses & residents for the delivery of water services.
2026-27 Debt Service Administration
Original Issuance
Outstanding 6/30/2026
2026-27
2026-27
Outstanding 6/30/2027
Issuance Date
Type of Long-Term Debt
Fund
Principal Pmts.
Interest Pmts.
Community Facilities District
2013 Special Tax Refunding Bonds: CFD 04-1 Tustin Legacy/John Laing Homes 2015A Special Tax Refunding Bonds: CFD 07-1 Tustin Legacy/Retail Centers 2025 CFD 06-1 & 2014-1 Refinanced
June 1, 2013
433
9,350,000
5,045,000
(470,000)
(206,406)
4,575,000
December 1, 2015
436
13,155,000
10,925,000
(570,000)
(532,000)
10,355,000
June 30, 2025
439
55,650,000
55,650,000
(2,075,000)
(2,782,500)
53,575,000
Successor Agency to the Tustin RDA September 1, 2016
2016 Tax Allocation Refunding Bonds
570
55,940,000
37,130,000
(2,515,000)
(1,370,700)
34,615,000
Water Fund September 1, 2016 February 1, 2020 February 7, 2024
2016 Water Refunding Revenue Bond
300
21,515,000
18,735,000
(975,000)
(615,450)
17,760,000
2020 Water Bonds 2024 Water Bonds
300 300
14,910,000 4,125,000
13,000,000 3,885,000
(465,000) (140,000)
(373,169) (187,257)
12,535,000 3,745,000
Total Citywide Long-Term Debt
174,645,000
144,370,000
(7,210,000)
(6,067,482)
137,160,000
148|Page
Made with FlippingBook - professional solution for displaying marketing and sales documents online