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SAN LEANDRO REDEVELOPMENT AGENCY <br />Notes to the Financial Statements <br />For the Year Ended June 30, 2011 <br />NOTE 4 — INTERFUND TRANSACTIONS <br />Fund Financial Statements <br />At June 30, 2011, the Agency had the following operating transfers in and out: <br />Fund Fund <br />Receiving Trasfering <br />T ransfer Out <br />General Debt Service Fund <br />Capital Projects Funds: <br />Plaza project area <br />Agency Joint project area <br />West San Leandro project area. <br />$4,6Sy,yyU <br />$1,610,700 <br />2,618,178 <br />411,112 <br />$4,639,990 $4,639,990 <br />The transfers were all made for debt service. <br />The West San Leandro Project Area Capital Projects Fund transferred $50,000 to the City to fund <br />operations. <br />NOTE 5 - 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 depreciated <br />Capital assets being depreciated. <br />Building <br />less accumulated depreciation <br />Total capital assets being depreciated <br />Governmental activity capital assets, net <br />Balance <br />June 30, 2010 Transfer to Balance <br />As restated Additions City June 30, 2011 <br />$9,689,885 ($9,689,885) <br />9,689,885 (9,689,885) <br />5,637,040 ($5,637,040) <br />(580,787) ($112,742) $693,529 <br />5,056,253 (112,742) (4,943,511) <br />$14,746,138 ($112,742) ($14,633,396) <br />In March 2011, the Agency made required findings in accordance with Health and Safety Code <br />Sections 33220 and 33437 to allow the Agency to transfer all acquired property for the purposes <br />specified in the Redevelopment Plans to the City. The amount transferred from the Agency to the <br />City had a book value of $14,633,396. <br />36 <br />