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CITY OF SAN LEANDRO <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />For The Year Ended June 30, 2014 <br />NOTE 5 - INTERFUND TRANSACTIONS (Continued) <br />The City Council authorized General Fund loans to the Shoreline Enterprise Fund for capital <br />improvements at the Marina and Golf Course. The loans are to be paid over 30 years with an annual <br />interest accrual rate of 5%. Principal payments are made annually provided the fund has sufficient <br />resources. The balance as of June 30, 2014, was $3,160,152 and $3,946,240 for the Marina and the Golf <br />Course, respectively, for a total of $7,106,392. <br />The City Council authorized a loan from the Information Management Internal Service Fund to the Public <br />Education & Government Special Revenue Fund for the Council Chambers upgrade to provide televised <br />meetings. The balance as of June 30, 2014, was $75,000. <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, 2014, was $5,141,772. <br />C. Due from Successor Agency <br />The City Council authorized various loans to the Private Purpose Trust Fund from the General Fund for <br />operating and capital improvement purposes. Interest accrues annually at the rate of 6%. The balance as <br />of June 30, 2014, was $2,040,768. <br />D. Transfers <br />Transfers during the fiscal year ended June 30, 2014, comprised the following: <br />Transfers Out: <br />Governmental Funds Enterprise Funds Total <br />Water <br />General Pollution <br />Transfers In Fund Control Plant <br />Non -major $ $ $ - <br />Governmental Funds 776,000 - 776,000 <br />Non -major Enterprise <br />Funds - 132,782 132,782 <br />Total $ 776,000 $ 132,782 $ 908,782 <br />The City Council authorized transfers from the General Fund to various funds for fiscal year 2013-2014 to <br />the following accounts and projects: <br />Special Gas Tax Fund $ 768,000 <br />Capital Improvement Fund 8,000 <br />$ 776,000 <br />WJ <br />Street Improvement Projects <br />Capital Improvement Projects <br />