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City of San Leandro
<br />Notes to Basic Financial Statements
<br />For the year ended June 30, 2012
<br />
<br />
<br />91
<br />
<br />NOTE 18 – REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY
<br />ACTIVITIES, Continued
<br />Transfer to
<br />RDA Obligation
<br />Retirement Transfer to
<br />Beginning Balance Successor Affordable
<br />January 31, 2012 Agency Housing Balance
<br />(Prior to transfer)Trust Fund Successor February 1, 2012
<br />ASSETS
<br />Current assets:
<br /> Cash and investments 7,234,995$ (7,234,995)$ -$ -$
<br /> Cash & investments with fiscal agents 13,153,164 (13,153,164) - -
<br /> Accounts receivable 14,791 (14,791) - -
<br /> Interest receivable 25,059 (25,059) - -
<br /> Total current assets 20,428,009 (20,428,009) - -
<br />Noncurrent assets:
<br /> Deferred Charges 633,184 (633,184) - -
<br /> Loans Receivable 10,238,577 (1,247,742) (8,990,835) -
<br /> Land held for resale 10,163,791 (9,573,791) (590,000) -
<br /> Capital assets
<br /> Depreciable capital assets, net 4,845,053 (1,458,158) (3,386,895) -
<br /> Total noncurrent assets 25,880,605 (12,912,875) (12,967,730) -
<br /> Total assets 46,308,614 (33,340,884) (12,967,730) -
<br />LIABILITIES
<br />Current Liabilities:
<br /> Accounts payable 25,393 (25,393) - -
<br /> Interest payable 795,030 (795,030)
<br /> Total current liabilities 820,423 (820,423) - -
<br />Noncurrent Liabilities:
<br /> Unearned revenue 9,054,391 (63,556) (8,990,835) -
<br /> Advances from other funds 2,040,768 (2,040,768) - -
<br /> Long-term debt due in more than one year 51,539,512 (51,539,512) - -
<br /> Total noncurrent liabilities 62,634,671 (53,643,836) (8,990,835) -
<br />Total liabilities 63,455,094 (54,464,259) (8,990,835) -
<br />NET ASSETS (Transferred)(17,146,480)$ 21,123,375$ (3,976,895)$ -$
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