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City of San Leandro
<br />Notes to Basic Financial Statements
<br />For the year ended June 30, 2012
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<br />NOTE 6 – CAPITAL ASSETS, Continued
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<br />A. Government-Wide Financial Statements, Continued
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<br />The following is a summary of capital assets for governmental activities:
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<br />Balance Balance
<br />July 1, 2011 Additions Deletions
<br />Transfers/
<br />Adjustments June 30, 2012
<br />Non-Depreciable Assets:
<br />Land 23,941,429$ -$ -$ (9,573,791)$ 14,367,638$
<br />Construction In Progress 2,625,483 5,700,229 - - 8,325,712
<br /> Total Non-Depreciable Assets 26,566,912 5,700,229 - (9,573,791) 22,693,350
<br />Depreciable Assets:
<br />Buildings 75,564,201 - - (1,713,996) 73,850,205
<br />Improvements 4,951,451 - - - 4,951,451
<br />Machinery and equipment 7,911,787 205,506 (186,297) 7,930,996
<br />Licensed Vehicles 8,186,259 306,630 (338,606) - 8,154,283
<br />Infrastructure 379,152,957 - - 379,152,957
<br /> Total Depreciable Assets 475,766,655 512,136 (524,903) (1,713,996) 474,039,892
<br />Accumulated Depreciation:
<br />Buildings (17,146,777) (1,489,948) - 255,838 (18,380,887)
<br />Improvements (4,513,274) (63,444) - - (4,576,718)
<br />Machinery and equipment (4,718,790) (715,988) 166,414 - (5,268,364)
<br />Licensed Vehicles (5,223,967) (862,929) 297,923 - (5,788,973)
<br />Infrastructure (165,497,530) (14,083,893) - - (179,581,423)
<br /> Total Accumulated Depreciation (197,100,338) (17,216,202) 464,337 255,838 (213,596,365)
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<br /> Depreciable Assets, Net 278,666,317 (16,704,066) (60,566) (1,458,158) 260,443,527
<br /> Total Governmental Activities
<br /> Capital Assets, Net 305,233,229$ (11,003,837)$ (60,566)$ (11,031,949)$ 283,136,877$
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<br />In March 2011, the Agency made required findings in accordance with Health and Safety Code Sections 33445 and
<br />33490 to allow the conveyance of eighteen parcels that had been recorded as capital assets with a book value of
<br />$14,633,396 to the City.
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<br />During fiscal year 2011-12, the City reversed the above transfer and returned capital assets to the Agency prior to the
<br />dissolution. Of the total, $11,031,949 was transferred to the Successor Agency and the remainder was transferred to
<br />the Housing Successor.
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