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<br />REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO <br /> <br />RECONCILIATION OF GOVERNMENTAL FUNDS BALANCE SHEET WITH <br />THE STATEMENT OF NET ASSETS <br />JUNE 30, 2006 <br /> <br />Total Fund Balances - Total Governmental Funds <br /> <br />$ <br /> <br />11,683,944 <br /> <br />Amounts reported for governmental activities in the Statement of Net Assets are different because; <br /> <br />Capital assets used in govcrnmental activities art' not current Ilnancial resources and thererore are not reported in the <br />Governmental Funds Balance Sheet. <br /> <br />7,369,962 <br /> <br />Allowance for forgivable loans does not require current financial resources. Therefore, allowance for forgivable IOlllls <br />is not recorded on the Governmental Funds Balance Sheet. <br /> <br />(I ,033,980) <br /> <br />Interest payable on the long-term debt does not require current financial resources. 1berefore, interest payable is not <br />reported as a liability in the Governmental Funds Balance Sheet. <br /> <br />(430,450) <br /> <br />Revenues which are deferred on the Funds Balance Sheet because they are not available currently and taken into <br />revenue in the Statement of Activitics and accordingly, increases the net assets on the Statement of Net Assets. <br /> <br />6,019,086 <br /> <br />Long-term liabilities arc not due and payable in the current period and therefore they are not reported in the <br />Govenlffiental Funds Balance Sheet. <br /> <br />Long-term liabilities (net) - current portion due within one year. <br />Long-term liabilities (net) - noncurrent portion. <br /> <br />(1,152.531) <br />(30,191,736) <br /> <br />Net Assets ofGoverruncntal Activities <br /> <br />$ <br /> <br />(7,735,705) <br /> <br />See accompanying notes to basic financial statements. <br /> <br />14 <br />