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City of San Leandro <br />Notes to Basic Financial Statements <br />For the year ended June 30, 2013 <br />NOTE 5 - INTERFUND TRANSACTIONS <br />A. Interfund Receivables and Payables <br />At June 30, 2013, the City had the following short-term receivables and payables: <br />Receivable Fund Payable Fund Amount <br />General Fund Non -Major Governmental Funds $2,073,461 <br />Total $2,073,461 <br />The City has recorded due to/due from all funds requiring cash at the end of June 30, 2012 to the funds <br />that had deficit year-end balances which will be repaid back to the General Fund during the 2012-13 <br />fiscal year. <br />B. Long -Term Advances <br />Long-term advances to be repaid out of future earnings or charges at June 30, 2013, consisted of. <br />Receivable Fund Payable Fund Amount <br />General Non -Major Governmental Funds $1,000,000 <br />Enterprise Funds: <br />Shoreline 7,106,392 <br />8,106,392 <br />Internal Service Fund Non -Major Governmental Funds 150,000 <br />Water Pollution Control Plant General Fund 5,577,227 <br />Total $13,833,619 <br />The City Council authorized a loan to the Capital Improvement Project fund for the improvement project <br />on Davis Street. The loan accrues interest annually at the pooled cash investment rate. The balance as of <br />June 30, 2013, was $1,000,000. <br />The City Council authorized loans to the Shoreline Enterprise Fund for capital improvements at the <br />Marina and Golf Course. The loans are to be paid over 30 years with an annual interest accrual rate of <br />5%. Principal payments are made annually provided the fund has sufficient resources. The balance as of <br />June 30, 2013, was $3,160,152 and $3,946,240 for the Marina and the Golf Course, respectively, for a <br />total of $7,106,392. <br />The City Council authorized a loan to the Public Education & Government Fund for the Council <br />Chambers upgrade to provide televised meetings. The balance as of June 30, 2013, was $150,000. <br />The City Council authorized loan to the General Fund from the Water Pollution Control Plant for the <br />partial payment of the Public Safety Side Fund Obligation. The $6,000,000 loan was to pay -down the <br />Ca1PERS Public Safety Side Fund with a long term adjustable rate of 4% or less annually for 13 years. <br />The balance as of June 30, 2013, was $5,577,227. <br />57 <br />