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City of San Leandro <br />Index to Notes to Basic Financial Statements, Continued <br />For the year ended June 30, 2012 <br /> <br /> <br />44 <br />NOTE 8 – COMPENSATED ABSENCES ............................................................................................................. 76 <br /> <br />NOTE 9 – UNEARNED REVENUE ........................................................................................................................ 76 <br /> <br /> A. Government-Wide Financial Statements ....................................................................................................... 76 <br /> B. Fund Financial Statements ............................................................................................................................. 76 <br /> <br />NOTE 10 – NET ASSETS AND FUND BALANCES ............................................................................................ 77 <br /> <br />A. Net Assets ....................................................................................................................................................... 77 <br /> B. Fund Balances ................................................................................................................................................ 77 <br /> C. Encumbrances ................................................................................................................................................ 78 <br /> D. Contingency Arrangements ............................................................................................................................ 78 <br /> E. Use of Restricted/Unrestricted Net Assets ..................................................................................................... 78 <br /> F. Minimum Fund Balance Policy ...................................................................................................................... 78 <br /> <br />NOTE 11 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY ..................................................... 80 <br /> <br />A. Fund Deficits .................................................................................................................................................. 80 <br />B. Expenditures in Excess of Appropriations ..................................................................................................... 80 <br /> <br />NOTE 12 - INSURANCE .......................................................................................................................................... 81 <br /> <br />NOTE 13 - COMMITMENTS AND CONTINGENCIES ..................................................................................... 82 <br /> <br /> A. Alameda at San Leandro Crossing Financing ................................................................................................ 82 <br /> B. Bayfair Mall Contract Dispute ....................................................................................................................... 82 <br /> C. Former Redevelopment Agency ..................................................................................................................... 82 <br /> D. Others ............................................................................................................................................................. 83 <br /> <br />NOTE 14 - EMPLOYEE RETIREMENT PLANS ................................................................................................ 83 <br /> <br />NOTE 15 – OTHER POST EMPLOYMENT BENEFITS ................................................................................... 85 <br /> <br />A. Plan Description ............................................................................................................................................. 85 <br />B. Funding Policy ............................................................................................................................................... 85 <br />C. Plan Funded Status Information ..................................................................................................................... 86 <br />D. Actuarial Methods and Assumptions ............................................................................................................. 86 <br /> <br />NOTE 16 – SEBSEQUENT EVENTS ..................................................................................................................... 87 <br /> <br />A. International Church of the Foursquare Gospel Dispute ............................................................................... 87 <br />B. 2012 Pension Obligation Bond Rating ........................................................................................................... 87 <br />C. Demand for True-up Payment ........................................................................................................................ 88 <br /> <br />NOTE 17 – JOINTLY GOVERNED ORGANIZATIONS ................................................................................... 88