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City of San Leandro Notes to Basic Financial Statements For the year ended June 30, 2012 61 NOTE 5 - INTERFUND TRANSACTIONS, Continued Fund Financial Statements, Continued B. Long-Term Advances, continued The City Council authorized loan to the General Fund from the Water Pollution Control Plant for the partial payment of the Public Safety Side Fund Obligation. The $6,000,000 loan was to pay-down the CalPERS Public Safety Side Fund with a long term adjustable rate of 4% or less annually for 13 years. C. Due from Successor Agency The City Council authorized various loans to the form Redevelopment Agency of the City of San Leandro for operating and capital improvement purposes. The terms of the loans are indefinite. Interest accrues annually at the rate of 6%. The balance as of June 30, 2012, was $2,040,768. With the dissolution of the Redevelopment Agency as discussed in Note 18, a Successor Agency assumed the long term debt and loan of the Redevelopment Agency as of February 1, 2012, including the all debts which were reported as an Extraordinary Item in the Statement of Activities. For details of each Bond and loan, see Note 18. D. Transfers Transfers during the fiscal year ended June 30, 2012, comprised the following: Total Non-Major Water Internal Shoreline Non-major General Governmntal Pollution Service Enterprise Enterprise Fund Funds Control Plant Funds Fund Funds General Fund -$ 991,727$ -$ -$ -$ -$ 991,727$ Non-major Governmental Funds 180,907 4,485,045 50,562$ - - - 4,716,514 Capital Improvement Projects 50,000 - - 20,000 251,729 - 321,729 67,942 - 62,782 - 133,383 264,107 Total 298,849$ 5,476,772$ 113,344$ 20,000$ 251,729$ 133,383$ 6,294,077$ Transfers Out: Non-major Enterprise Funds Transfer In: Governmental Funds Enterprise Funds