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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 />60 <br /> <br />NOTE 4 - NOTES RECEIVABLE <br /> <br />No new Notes Receivable <br /> <br />NOTE 5 - INTERFUND TRANSACTIONS <br /> <br />Fund Financial Statements <br /> <br />A. Interfund Receivables and Payables <br /> <br />At June 30, 2012, the City had the following short-term receivables and payables: <br /> <br />Due to/from other funds: <br />Receivable Fund Amount <br />General Fund Home Fund 4,410$ <br />Special Grants Fund 367,141 <br />Total 371,551$ <br />Payable Fund <br /> <br />The City has recorded due to/due from all funds requiring cash at the end of June 30, 2012 to the funds that had deficit <br />year-end balances which will be repaid back to the General Fund during the 2012-13 fiscal year. <br /> <br />B. Long-Term Advances <br /> <br />Long-term advances to be repaid out of future earnings or charges at June 30, 2012, consisted of: <br /> <br />Receivable Fund Amount <br />General Capital Improvement Project 1,000,000$ <br />Enterprise Funds: <br />Shoreline 7,106,392 <br />8,106,392 <br />Water Pollution Control Plant General Fund 6,000,000 <br />14,106,392$ <br /> <br />Advances from/to other funds: <br />Payable Fund <br /> The City Council authorized a loan to the Capital Improvement Project fund for the improvement project on Davis <br />Street. The loan accrues interest annually at the pooled cash investment rate. The balance as of J une 30, 2012, was <br />$1,000,000. <br /> <br />The City Council authorized loans to the Shoreline Enterprise Fund for capital improvements at the Marina and Golf <br />Course. The loans are to be paid over 30 years with an annual interest accrual rate of 5%. Principal payments are made <br />annually provided the fund has sufficient resources. The balance as of June 30, 2012, was $3,160,152 and $3,946,240 <br />for the Marina and the Golf Course, respectively, for a total of $7,106,392. <br /> <br />