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City of San Leandro <br />Notes to Basic Financial Statements <br />For the year ended June 30, 2013 <br />NOTE 16 — JOINTLY GOVERNED ORGANIZATIONS <br />The City of San Leandro participates in the East Bay Dischargers Authority established on February 15, <br />1974. The Agency Members of the Joint Powers are the City of Hayward, City of San Leandro, Oro <br />Loma Sanitary District, Castro Valley Sanitary District, and Union Sanity District. The authority has the <br />powers to plan for, acquire, construct, manage, maintain, operate, and control facilities for the collection, <br />transmission, treatment, reclamation, sale and disposal of waste water. No debt, liability, or obligation of <br />the Authority shall constitute a debt, liability or obligation of any Agency. <br />The Authority is governed by the East Bay Dischargers Commission (Commission). The Commission <br />consists of five members, one from each Agency. The ownership of the Joint Facilities is as follows: 18.6 <br />%, City of San Leandro; 29.7% Oro Loma/Castro Valley; 33.0% City of Hayward; and 18.7% Union <br />Sanitary District. The City's shares of the expenses are recorded as expenses of the Water Pollution <br />Control Fund. <br />NOTE 17 — SUCCESSOR AGENCY ACTIVITIES <br />A. Cash and Investments <br />Cash and Investments at June 30, 2013, consisted of the following: <br />Statement of net assets: <br />Cash and Investments $8,753,425 <br />Cash and Investments held by trustee 6,963,245 <br />Total cash and investments $15,716,670 <br />The Successor Agency pools its cash and investment with the City in order to achieve a higher return <br />on investment. Certain restricted funds, which are held and invested by independent custodians <br />through contractual agreements, are not pooled. These restricted funds include cash with fiscal <br />agents. <br />79 <br />