Page 10 - 2017 Bonded Debt Summary
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2013 REFUNDING LEASE REVENUE BONDS


                Original Issue Amount:  $11,695,000
                Issuance Date:           12/17/2013
                Maturity Date:           11/1/2022
                Interest Rates:          3% - 5%

                Description: The 2013 Refunding Lease Revenue Bonds were issued in December 2013 to refund
                a portion of the 2005 Lease Revenue Bonds. The 2005 Lease Revenue Bonds were issued to fund
                the construction of improvements to various roadways, expansion of the Public Safety building,
                construction of electric utility infrastructure and construction of Fire Station 58.


                Repayment Source:  The repayment source is the General Fund. The General Fund may seek
                reimbursement from the Arterial Streets, Police and Fire Department Impact Fee Funds or from
                the Moreno Valley Utility as funds are available.

                Security: These bonds are secured by city-owned property. This asset pool consists of the City Hall,
                Public Safety Building/Emergency Operations Center, Fire Station 99 (Morrison Park), Sunnymead
                Park, John F. Kennedy Park. (Note: The 2013 Refunding Bonds and the 2014 Refunding Bonds share
                the same security asset pool.)

                Debt Service Schedule:  The  annual  debt  service  requirements  for  the  2013  Refunding
                Lease  Revenue Bonds payable outstanding at June 30, 2016, are as follows:




           YEAR ENDING JUNE 30,    GOVERNMENTAL ACTIVITIES   MORENO VALLEY UTILITY   TOTAL DEBT SERVICE   INTEREST RATE
                               PRINCIPAL    INTEREST   PRINCIPAL   INTEREST      PRINCIPAL   INTEREST       5%
           2017                $1,085,000  $411,946     $130,000    $49,929      $1,215,000  $461,875       5%
           2018                 1,132,000   356,649      133,000     43,226       1,265,000   399,875       5%
           2019                 1,183,000   298,898      142,000     36,227       1,325,000   335,125       5%
           2020                 1,250,450   238,026      154,550     28,850       1,405,000   266,876       5%
           2021                 1,311,100   173,920      158,900     21,080       1,470,000   195,000       5%
           2022-24*             2,836,450   143,039      328,550     17,335       3,165,000   160,374       5%
                               $8,798,000  $1,622,478  $1,047,000  $196,647      $9,845,000  $1,819,125
           *Represents the total amount due during the specified period.
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