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REDEVELOPMENT AGENCY OF SAN L,EANDRO
<br />STATEMENT OF NET ASSETS
<br />.JUNE 30, 2011
<br />ASSETS
<br />Current assets:
<br />8,414,770
<br />Cash and investments (Note 2)
<br />$10,985,105
<br />Cash and investments with fiscal agent (Note 2)
<br />15,387,132
<br />Receivables:
<br />35,633,275
<br />Accounts
<br />129,252
<br />Property taxes
<br />33,840
<br />Interest
<br />25,059
<br />Other assets
<br />580
<br />Total current assets
<br />26,560,968
<br />Noncurrent assets:
<br />Loans receivable (Note 3)
<br />8,414,770
<br />Deferred charges
<br />657,537
<br />Total noncurrent assets
<br />9,072,307
<br />Total Assets
<br />35,633,275
<br />LIABILITIES
<br />Current liabilities
<br />Accounts payable
<br />695,243
<br />Interest payable
<br />815,992
<br />Other liabilities
<br />4,974,133
<br />Long -term debt, net - due within one year (Note 7)
<br />1,945,415
<br />Total current liabilities
<br />8,430,783
<br />Noncurrent liabilities
<br />Advance from City (Note 6) 2,088,908
<br />Long -term debt, net - due in more than one year (Note 7) 51,857,928
<br />Total noncurrent liabilities 53,946,836
<br />'I otal Liabilities 62,377,619
<br />NET ASSETS (Note 1l)
<br />Restricted for:
<br />Debt service 4,948,964
<br />Low and moderate income housing 3,114,300
<br />Capital project 10,739,420
<br />Unrestricted (45,547,028)
<br />Total Net Assets (Deficit) ($26,744,344)
<br />See accompanying notes to basic component unit financial statements
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