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City of San Leandro
<br />Notes to Basic Financial Statements
<br />For the year ended June 30, 2013
<br />NOTE 2 - CASH AND INVESTMENTS (Continued)
<br />The City's policy requires that the management company of mutual funds must have attained the highest
<br />rating provided by not less than two of the three largest nationally recognized rating organizations.
<br />Investment Type
<br />Fair
<br />Value
<br />Minimum
<br />Legal
<br />Rating
<br />Exempt From
<br />Disclosure
<br />Rating as of
<br />Year End
<br />AA-
<br />Rating as of
<br />Year End
<br />AA+ Not Rated
<br />Federal agency securities
<br />$19,900,612
<br />N/A
<br />8,748,892
<br />Non Major Funds:
<br />$19,900,612
<br />Money Market
<br />22,256
<br />N/A
<br />3,182,014
<br />Housing In -Lieu
<br />22,256
<br />U.S. Treasury Notes
<br />6,061,697
<br />N/A
<br />$6,061,697
<br />Less: Affordable Housing Asset Fund
<br />613,368
<br />Local Agency Investment Fund
<br />46,321,747
<br />N/A
<br />$46,321,747
<br />Commercial paper
<br />673,913
<br />A
<br />$673,913
<br />Corporate bonds
<br />6,665,689
<br />A
<br />6,665,689
<br />Held by Bond Trustee:
<br />U.S. Treasury Money Market Funds
<br />6,302,690
<br />A
<br />6,302,690
<br />Total
<br />$85,948,604
<br />$6,061,697
<br />$673,913
<br />$32,891,247 $46,321,747
<br />NOTE 3 — LOANS RECEIVABLE
<br />At June 30, 2013, the City had the following loans receivable reported in its Fund Financial Statements:
<br />Governmental Funds:
<br />General Fund
<br />$1,250,139
<br />Special Revenue Funds:
<br />Major Funds:
<br />Affordable Housing Asset Fund
<br />8,748,892
<br />Non Major Funds:
<br />Community Development Block Grant (CDBG)
<br />773,949
<br />HOME Fund
<br />3,182,014
<br />Housing In -Lieu
<br />593,521
<br />Total Governmental Funds
<br />14,548,515
<br />Less: Community Development Block Grant (CDBG)
<br />718,675
<br />Less: Affordable Housing Asset Fund
<br />613,368
<br />Total Government-Wde Financials
<br />$13,216,472
<br />At June 30, 2013, the City was owed, in the General Fund, $139 for assistance to close escrow related to
<br />property acquisition.
<br />At June 30, 2013, the City was owed, in the General Fund, $1,250,000 for a loan made by the City to the
<br />San Leandro Unified School District related to property acquisition. The loan is for purchase of a property
<br />in the City that will be used to directly support the educational and administrative function of the District.
<br />The loan is evidenced by a promissory note with a term of 15 years and is to be repaid in full on August
<br />1, 2028. The interest rates range from 1.5% to a maximum of 5%.
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