Reso 2013-029 - Laserfiche WebLink

Home

City of San Leandro Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Government-Wide Statement of Activities and Changes in Net Assets For the year ended June 30, 2012 Net Change in Fund Balances - Total Governmental Funds (18,335,153)$ Governmental activities in the Statement of Activities and Changes in Net Assets were reported differently because: Governmental funds report capital outlay as expenditures.However,in the Government-Wide Statement of Activities and Changes in Net Assets,the cost of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount of capital assets recorded in the current period.5,763,826 Depreciation expense on capital assets is reported in the Government-Wide Statement of Activities and Changes in Net Assets,but they do not require the use of current financial resources.Therefore,depreciation expense is not reported as expenditures in governmental funds.(16,197,856) Debt proceeds provide current financial resources in government funds, but issuing debt increases long-term liabilites in the Government-Wide Statement of Net Assets.(18,305,000) Public Safety Side-Fund Prepaid PERS Contribution.24,971,910 Payment of costs for the issuance of certificates of participation or bonds is an expenditure in the governmental funds, but is recorded as a prepaid expense and amortized on the statement of net assets over the life of the bonds.142,403 Change in OPEB liability is considered long-term debt and is not reported as an expenditure in the governmental funds.(282,497) Adjustment of Grants receivable that are not currently available, and not reported in the funds. (680,285) Bond discount on issuance of debt is an adjustment to the expenditures in governmental funds,but the discount reduces long-term liabilities in the Government-Wide Statement of Net Assets.In the Government-Wide Statement of Net Assets the discount is amortized over the period of the outstanding debt. (3,529) Bond premium on issuance of debt is an expenditure in governmental funds,but the premium increases long-term liabilities in the Government-Wide Statement of Net Assets.In the Government-Wide Statement of Net Assets the premium is amortized over the period of the outstanding debt. 23,495 Repayment of bond Principal is an expenditure in governmental funds,but the repayment reduces long-term liabilities in the Government -Wide Statement of Net Assets.3,511,866 Extraordinary Items: Debt assumed by Successor Agency 51,539,512 Transfer of Assets to Successor Agency (11,031,949) Interest Expense on Long-Term debt (795,030) Payroll expense on compensated absences is reported in the Government-Wide Statement of Activities and Changes in Net Assets,but they do not require the use of current financial resources.Therefore,compensated absences expense is not reported as expenditures in governmental funds.(91,580) Interest expense on long-term debt is reported in the Government-Wide Statement of Activities and Changes in Net Assets,but does not require the use of current financial resources.Therefore,interest expense was not reported as expenditures in governmental funds. The following amount represents the change in accrued interest from the prior year.705,351 Internal service funds are used by management to charge the costs of certain activities,such as insurance and fleet management, to individual funds. The net revenue of the internal service funds is reported with governmental activities.555,794 Change in Net Assets of Governmental Activities 21,491,278$ See accompanying Notes to Basic Financial Statements. 33