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REDEVELOPMENT AGENCY OF SAN LEANDRO <br />NOTES TO THE FINANCIAL STATEMENTS <br />FOR THE YEAR ENDED JUNE 30, 2010 <br />6. CAPITAL ASSETS <br />The following is a summary of the Agency's capital assets: <br />Governmental Activities: <br />Capital assets, not being depreciated: <br />Land <br />Total capital assets, not being <br />depreciated <br />Capital assets, being depreciated: <br />Building <br />Accumulated depreciation <br />Total capital assets being <br />depreciated, net <br />Governmental activities capital <br />assets, net <br />7. ADVANCES FROM CITY FUNDS <br />Balance Balance <br />June 30, 2009 Additions Retirement Adjustments June 30, 2010 <br />$ 3,417,711 $ 264,986 $ - $ (142,813) $ 3,539,884 <br />$ 3,417,711 $ 264,986 $ - $ (142,813) $ 3,539,884 <br />$ 5,082,214 $ 412,014 $ - $ 142,813 $ 5,637,041 <br />(471,478) (109,309) - - (580,787) <br />4,610,736 302,705 - 142,813 5,056,254 <br />$ 8,028,447 $ 567,691 $ - $ - $ 8,596,138 <br />The City has made long term advances to the Agency from various City funds to cover operational <br />expenditures incurred by the Agency. The terms of the loans are indefinite. Interest accrues annually at the <br />rate of 6 %. The balance as of June 30, 2010, was $4,433,639. <br />Le <br />