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REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO
<br />STATEMENT OF NET ASSETS
<br />JUNE 30, 2010
<br />ASSETS
<br />Current assets:
<br />Cash and investments
<br />$ 10,944,487
<br />Restricted cash and investments
<br />17,028,013
<br />Receivables:
<br />5,044,494
<br />Accounts
<br />98,844
<br />Property taxes
<br />50,974
<br />Interest receivable
<br />19,612
<br />Other assets
<br />3,395
<br />Total current assets
<br />28,145,325
<br />Noncurrent assets:
<br />Receivables:
<br />Loans (net)
<br />8,436,002
<br />Deferred Charges
<br />681,890
<br />Capital assets:
<br />5,044,494
<br />Nondepreciable
<br />3,539,884
<br />Depreciable
<br />5,637,041
<br />Less accumulated depreciation
<br />(580,787)
<br />Total noncurrent assets
<br />17,714,030
<br />Total assets
<br />45,859,355
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable
<br />116,774
<br />Interest payable
<br />850,539
<br />Other liabilities
<br />5,044,494
<br />Long -term debt (net) - due within one year
<br />1,880,415
<br />Total current liabilities
<br />7,892,222
<br />Noncurrent liabilities:
<br />Advance from City
<br />4,433,639
<br />Long -term debt (net) - due in more than one year
<br />53,550,781
<br />Total noncurrent liabilities
<br />57,984,420
<br />Total liabilities
<br />65,876,642
<br />NET ASSETS
<br />Invested in capital assets net of related debt
<br />8,596,138
<br />Restricted for:
<br />Capital projects
<br />14,129,136
<br />Debt service
<br />4,421,282
<br />Unrestricted
<br />(47,163, 843)
<br />Total net assets
<br />$ (20,017,287)
<br />See accompanying notes to the basic financial statements
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