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ALAMEDA COUNTY REDEVELOPMENT AGENCY - SAN LEANDRO JOINT PROJECT AREA NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2008 Fund Balances consist of reserved and unreserved amounts. Reserved fund balance represents that portion of fund balance, which is not appropriable for expenditure or is legally segregated for commercial and housing projects as required by the California Health and Safety Code. The remaining portion is unreserved fund balance. Pension Plan -All the Agency's employees are under the County's employment and payroll processing system. All permanent Agency employees are eligible to participate in the Alameda County Employee Retirement Association ("ACERA"), which is cost sharing, multiple-employee deferred benefit pension plan. Necessary contributions to pension plan for the period under audit were made at County level. The ACERA pension plan funding status and actuarial information is included in the financial statements of the County of Alameda, which can be obtained from the County of Alameda Office of the Auditor-Controller, Oakland. Retirement Benefit -Information regarding post employment benefits and post employment benefits other than pensions (OPEB) can be found in the County's June 30, 2008 CAFR. A copy of that report may be obtained from the County of Alameda Office of the Auditor-Controller, Oakland. NOTE 2: CASH AND INVESTMENTS Cash and investments as of June 30, 2008 are classified in the accompanying financial statements as follows: Cash and investments $ 17,713,863 Total $ 17,713,863 All the cash was deposited with the County Treasury. Deposits Custodial Credit Risk The custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, the Agency will not be able to recover deposits or will not be able to recover collateral securities that are in the possession of an outside entity. 24