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City of San Leandro <br />Reconciliation of the Governmental Funds Balance Sheet <br />to the Government-Wide Statement of Net Assets <br />June 30, 2012 <br />Total Fund Balances - Total Governmental Funds 42,146,413$ <br />Amounts reported for governmental activities in the Statement of Net Assets were reported <br />differently because: <br /> <br />Capital assets used in governmental activities are not current financial resources and <br />therefore are not reported in the Governmental Funds Balance Sheet. <br />Non depreciable assets (Land and construction in progress)22,693,350 <br />Depreciable buildings, property, equipment and infrastructure, net 260,443,527 <br />Total capital assets 283,136,877 <br />Interest payable on long-term debt does not require current financial resources.Therefore, <br />interest payable was not reported as a liability in Governmental Funds Balance Sheet.(293,771) <br />Public Safety Side-Fund Prepaid PERS Contribution 24,971,910 <br />Internal service funds are used by management to charge the costs of certain activities to <br />individual funds.The assets and liabilities of the internal service funds are included in <br />governmental activities in the Government-Wide Statement of Net Assets.5,264,651 <br />Recognition of deferred revenue, net of allowance for uncollectable loans of $1,335,273 12,264,304 <br />Recognition of Grant revenue.958,328 <br />Payment of costs for the issuance of certificates of participation or bonds is an expenditure <br />in the government funds, but is recorded as a prepaid expense and amortized <br />on the statement of net assets over the life of the bonds.138,134 <br />Long-term liabilities are not due and payable in the current period.Therefore,they were <br />not reported in the Governmental Funds Balance Sheet.The long-term liabilities were <br />adjusted as follows: <br />Long-term debt - current portion (net)(2,192,314) <br />Long-term debt - non-current portion (net)(49,010,657) <br />Compensated absences - non-current portion (3,445,660) <br />Compensated absences - current portion (513,039) <br />OPEB Liability (1,639,025) <br />Total long-term liabilities (56,800,695) <br /> <br /> Net Assets of Governmental Activities 311,786,151$ <br />See accompanying Notes to Basic Financial Statements. <br />31