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REDEVELOPMENT AGENCY OF SAN LEANDRO <br />Reconciliation of the <br />NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS <br />with the <br />STATEMENT OF ACTIVITIES <br />FOR THE YEAR ENDED JUNE 30, 2011 <br />The schedule below reconciles the Net Changes in Fund Balances reported on the Governmental Funds Statement of <br />Revenues, Expenditures and Changes in Fund Balance, which measures only changes in current assets and current <br />liabilities on the modified accrual basis, with the Change in Net Assets of Governmental Activities reported in the <br />Statement of Activities, which is prepared on the full accrual basis. <br />NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS <br />Amounts reported for governmental activities in the Statement of Activities <br />are different because of the following: <br />CAPITAL ASSETS TRANSACTIONS <br />Capital assets transferred to City, net <br />Depreciation expense is deducted from fund balance <br />LONG -TERM DEBT PROCEEDS AND PAYMENTS <br />Bond proceeds provide current financial resources to governmental funds, but <br />issuing debt increases long -term liabilities in the Statement of Net Assets. <br />Repayment of bond principal is an expenditure in the governmental funds, but <br />in the Statement of Net Assets the repayment reduces long -term liabilities <br />Amortization bond discount and premium, net <br />Amortization of issuance cost <br />Repayment of debt principal is added back to fund balance <br />Interest accrued to principal is deducted from fund balance <br />ACCRUAL OF NONCURRENT ITEMS <br />Unearned revenues that do not provide current financial resources and are not reported <br />in the governmental funds. <br />CHANGE IN NET ASSETS OF GOVERNMENTAL ACTIVITIES <br />See accompanying notes to basic component unit financial statements <br />$252,266 <br />)14,633,396( <br />)112,742( <br />2,414 <br />)24,353( <br />1,625,439 <br />34,547 <br />)21,232( <br />($12,877,057) <br />25 <br />