City of Palm Desert
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Governmental Activities
Business Type Activities
| Governmental Activities | Business Type Activities |
| Fiscal Year | Special Assessment/Local Obligation Bondsb,c,d | Leases Payable | Subscriptions Payable | Capital Leases | Total Primary Government | Percentage of Total Personal Incomea,f | Total Debt Per Capitaa,f |
|---|
| 2016 | 3,045,000 | - | - | 929,860 | 3,974,860 | 0.16% | 83 |
| 2017 | 2,808,000 | - | - | 499,881 | 3,307,881 | 0.14% | 69 |
| 2018 | 2,658,000 | - | - | 1,493,330 | 4,151,330 | 0.17% | 87 |
| 2019 | 2,071,000 | - | - | 1,595,394 | 3,666,394 | 0.24% | 128 |
| 2020 | 1,846,000 | - | - | 1,145,011 | 2,991,011 | 0.23% | 105 |
| 2021 | 1,672,000 | - | - | 675,976 | 2,347,976 | 0.20% | 92 |
| 2022 | 1,294,000 | 2,406,942 | - | 187,428 | 3,888,370 | 0.11% | 76 |
| 2023 | 1,162,000 | 2,197,126 | 399,583 | 319,169 | 4,077,878 | 0.15% | 81 |
| 2024 | 1,068,000 | 1,978,673 | 278,662 | 232,952 | 3,558,287 | 0.11% | 70 |
| 2025 | 995,000 | 2,168,769 | 212,731 | 144,557 | 3,521,057 | 0.11% | 68 |
a - Personal income, population and per capita information provided by California Department of Finance, and U.S Census Bureau and/or estimated by City Finance using 1% growth rate.
Special Assessment Government Activities includes Highlands Undergrounding AD No# 04-01, as of June 30, 2023 the balance was $1.032M.
Fiscal Year End 2009 the City issued the Energy Independence Program Limited Obligation Improvement Bonds Series 2009A (Taxable) $2.5 million to fund the Energy Independence Loan Program. The actual Bond Issuance was for $2.015m. At June 30, 2023 the outstanding balance was $0.071M
The City issued $1.136 million dollars of the Energy Independence Program (AB811 Assessments) Limited Obligation Improvement Bonds (Taxable) The special assessment collection commenced during the fiscal year 2010-2011. At June 30, 2023 the outstanding balance was $0.059M.
In addition the Palm Desert Financing Authority issued $5.225 million dollars of the Energy Independence Program Variable Rate Demand Lease Revenue Bonds, Series 2009 (Federally Taxable). On September 2, 2014 the bonds were called in full. As of June 30, 2017 there were no outstanding bonds.
Personal income and Per Capita statistic includes government and business type activities combined.