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REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO
<br />STATEMENT OF NET ASSETS
<br />JUNE 30, 2007
<br />ASSETS
<br />Current assets:
<br />Cash and investments $ 16,956,188
<br />Restricted cash and investments 7,914,204
<br />Receivables:
<br />Accounts 107,500
<br />Property taxes 379,956
<br />Interest receivable 158,800
<br />Other assets 164,219
<br />Total current assets 25,680,866
<br />Noncurrent assets:
<br />Receivables:
<br />Loans (net) 5,391,945
<br />Capital assets:
<br />Nondepreciable 2,616,746
<br />Depreciable 4,931,120
<br />Less accumulated depreciation (255,784)
<br />Total noncurrent assets 12,6$4,027
<br />Total assets 38,364,894
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable 111,420
<br />Interest payable 424,889
<br />Due to other agencies 4,237,065
<br />Long-term debt (net) -due within one year 1,156,943
<br />Total current liabilities 5,930,317
<br />Noncurrent liabilities:
<br />Advance from City 6,469,173
<br />Long-term debt (net) -due in more than one year 28,907,827
<br />Total noncurrent liabilities 35,377,000
<br />Total liabilities 41,307,317
<br />NET ASSETS
<br />Invested in capital assets net of related debt 7,292,082
<br />Restricted for:
<br />Capital projects 12,497,921
<br />Debt service 2,365,287
<br />Unrestricted (25,097,714}
<br />Total net assets $ (2,942,423)
<br />See accompanying notes to the basic financial statements.
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