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CITY OF SAN LEANDRO <br />MEMORANDUM ON INTERNAL CONTROL <br />JUNE 30, 2012 <br /> <br />SCHEDULE OF OTHER MATTERS <br /> <br />Review Draft 6/18/2013 5:11:57 PM <br /> <br />GASB 63 - Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of <br />Resources, and Net Position (Continued) <br /> <br />• Net Investment in Capital Assets Component of Net Position The net investment in capital assets <br />component of net position consists of capital assets, net of accumulated depreciation, reduced by <br />the outstanding balances of bonds, mortgages, notes, or other borrowings that are attributable to <br />the acquisition, construction, or improvement of those assets. Deferred outflows of resources and <br />deferred inflows of resources that are attributable to the acquisition, construction, or improvement <br />of those assets or related debt also should be included in this component of net position. If there <br />are significant unspent related debt proceeds or deferred inflows of resources at the end of the <br />reporting period, the portion of the debt or deferred inflows of resources attributable to the <br />unspent amount should not be included in the calculation of net investment in capital assets. <br />Instead, that portion of the debt or deferred inflows of resources should be included in the same <br />net position component (restricted or unrestricted) as the unspent amount. <br /> <br />• Restricted Component of Net Position The restricted component of net position consists of <br />restricted assets reduced by liabilities and deferred inflows of resources related to those assets. <br />Generally, a liability relates to restricted assets if the asset results from a resource flow that also <br />results in the recognition of a liability or if the liability will be liquidated with the restricted assets <br />reported. <br /> <br />• Unrestricted Component of Net Position The unrestricted component of net position is the net <br />amount of the assets, deferred outflows of resources, liabilities, and deferred inflows of resources <br />that are not included in the determination of net investment in capital assets or the restricted <br />component of net position. <br /> <br />• Financial Reporting for Governmental Funds Deferred outflows of resources and deferred <br />inflows of resources that are required to be reported in a governmental fund balance sheet should <br />be presented in a format that displays assets plus deferred outflows of resources, equals liabilities <br />plus deferred inflows of resources, plus fund balance. <br />