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City of Santa Ana
<br />Pension Obligation Bonds
<br />Scenario 2 - Fresh Start
<br />Amounts in $000s
<br />Fiscal Year
<br />Prior UAL
<br />Unrefunded UAL
<br />Debt Service
<br />Savings
<br />PV Savings
<br />2022
<br />26,113.042
<br />(19,060.874)
<br />7,052.168
<br />7,343.019
<br />2023
<br />28,212.056
<br />(9,653.048)
<br />(11,507.368)
<br />7,051.641
<br />6,590.553
<br />2024
<br />29,562.724
<br />(9,653.048)
<br />(12,854.191)
<br />7,055.485
<br />6,196.319
<br />2025
<br />30,992.098
<br />(9,653.048)
<br />(14,287.601)
<br />7,051.449
<br />5,817.469
<br />2026
<br />31,910.742
<br />(9,653.048)
<br />(15,127.540)
<br />7,130.154
<br />5,513.681
<br />2027
<br />32,768.782
<br />(9,653.048)
<br />(16,062.266)
<br />7,053.468
<br />5,119.542
<br />2028
<br />33,650.418
<br />(9,653.048)
<br />(16,879.818)
<br />7,117.552
<br />4,844.420
<br />2029
<br />28,951.341
<br />(9,653.048)
<br />(12,181.850)
<br />7,116.443
<br />4,448.684
<br />2030
<br />29,703.976
<br />(9,653.048)
<br />(11,088.073)
<br />8,962.855
<br />5,183.634
<br />2031
<br />30,501.330
<br />(9,653.048)
<br />(13,797.948)
<br />7,050.334
<br />3,877.334
<br />2032
<br />26,643.217
<br />(9,653.048)
<br />(9,884.280)
<br />7,105.889
<br />3,600.515
<br />2033
<br />26,135.643
<br />(16,936.835)
<br />9,198.808
<br />4,417.927
<br />2034
<br />23,677.362
<br />(16,935.435)
<br />6,741.927
<br />3,074.352
<br />2035
<br />22,594.351
<br />(16,937.623)
<br />5,656.729
<br />2,439.336
<br />2036
<br />21,070.280
<br />(16,937.060)
<br />4,133.220
<br />1,710.637
<br />2037
<br />18,429.389
<br />(16,939.558)
<br />1,489.831
<br />671.774
<br />2038
<br />17,025.951
<br />(16,888.152)
<br />137.799
<br />186.077
<br />2039
<br />15,729.153
<br />(15,729.106)
<br />0.047
<br />124.219
<br />2040
<br />14,633.708
<br />(14,632.022)
<br />1.686
<br />110.726
<br />2041
<br />13,883.678
<br />(13,880.636)
<br />3.042
<br />99.486
<br />2042
<br />7,392.007
<br />(7,389.678)
<br />2.329
<br />49.685
<br />2043
<br />5,279.598
<br />(5,275.848)
<br />3.750
<br />33.977
<br />2044
<br />2,837.096
<br />(2,836.900)
<br />0.196
<br />16.952
<br />2045
<br />-
<br />-
<br />-
<br />-
<br />-
<br />2046
<br />2047
<br />-
<br />-
<br />2048
<br />2049
<br />-
<br />2050
<br />2051
<br />-
<br />-
<br />Cash On Hand 3.961 3.961
<br />Total 517,697.940 (96,530.480) (314,050.659) 107,120.761 71,474.280
<br />BofA Securities - Preliminary Analysis 3/10/2021 Page 10 of 18
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