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City of San Leandro
<br />Notes to Basic Financial Statements
<br />For the year ended June 30, 2013
<br />NOTE 9 — UNEARNED REVENUE
<br />A. Governmental -Wide Financial Statements
<br />Unearned revenue in the Government -Wide Financial Statements represents amounts for which revenues
<br />have not been earned. At June 30, 2013, unearned revenues in the Government -Wide Financial
<br />Statements follows:
<br />Unearned Revenue
<br />B. Fund Financial Statements
<br />Governmental
<br />Activities Total
<br />$2,021,854 $2,021,854
<br />At June 30, 2013 the following deferred inflow of resources were recorded in the Fund Financial
<br />Statements because either the revenues had not been earned or the funds were not available to finance
<br />expenditures of the current period:
<br />Governmental Funds:
<br />NOTE 10 —NET POSITION AND FUND BALANCES
<br />A. Net Position
<br />Net Position is the excess of all the City's assets and deferred outflows of resources over all its liabilities,
<br />and deferred inflows of resources regardless of fund. Net Position is divided into three captions. These
<br />captions apply only to Net Position, which is determined only at the Government -wide level, and are
<br />described below:
<br />Net investment in capital assets describes the portion of Net Position which is represented by the current
<br />net book value of the City's capital assets, less the outstanding balance of any debt issued to finance these
<br />assets.
<br />Restricted net position describes the portion of Net Position which is restricted as to use by the terms and
<br />conditions of agreements with outside parties, governmental regulations, laws, or other restrictions which
<br />the City cannot unilaterally alter. These principally include capital projects, debt service requirements,
<br />and special revenue programs restricted to special revenue purposes such as Measure B, special Gas Tax,
<br />Grant funds, and other special revenue funds.
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<br />Affordable
<br />Housing Asset
<br />Non -Major
<br />General Fund Fund
<br />Funds
<br />Total
<br />Accounts receivable
<br />$1,838,450
<br />$1,838,450
<br />Grants receivable
<br />$2,075,328
<br />2,075,328
<br />Long-term housing loans
<br />$8,748,891
<br />4,605,683
<br />13,354,574
<br />Special Assessments
<br />183,405
<br />183,405
<br />Total
<br />$1,838,450 $8,748,891
<br />$6,864,416
<br />$17,451,757
<br />NOTE 10 —NET POSITION AND FUND BALANCES
<br />A. Net Position
<br />Net Position is the excess of all the City's assets and deferred outflows of resources over all its liabilities,
<br />and deferred inflows of resources regardless of fund. Net Position is divided into three captions. These
<br />captions apply only to Net Position, which is determined only at the Government -wide level, and are
<br />described below:
<br />Net investment in capital assets describes the portion of Net Position which is represented by the current
<br />net book value of the City's capital assets, less the outstanding balance of any debt issued to finance these
<br />assets.
<br />Restricted net position describes the portion of Net Position which is restricted as to use by the terms and
<br />conditions of agreements with outside parties, governmental regulations, laws, or other restrictions which
<br />the City cannot unilaterally alter. These principally include capital projects, debt service requirements,
<br />and special revenue programs restricted to special revenue purposes such as Measure B, special Gas Tax,
<br />Grant funds, and other special revenue funds.
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