Reso 2016-019 - Laserfiche WebLink

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CITY OF SAN LEANDRO NOTES TO BASIC FINANCIAL STATEMENTS For The Year Ended June 30, 2015 NOTE 5 - INTERFUND TRANSACTIONS (Continued) The City Council authorized General Fund loans to the Shoreline Enterprise Fund for capital improvements at the Marina and Golf Course. The loans are to be paid over 30 years with an annual interest accrual rate of 5%. Principal payments are made annually provided the fund has sufficient resources. The balance as of June 30, 2015, was $3,160,152 and $3,946,240 for the Marina and the Golf Course, respectively, for a total of $7,106,392. The City Council authorized a loan from the Information Management Internal Service Fund to the Public Education & Government Special Revenue Fund for the Council Chambers upgrade to provide televised meetings. The balance as of June 30, 2015, was $75,000. The City Council authorized a loan to the General Fund from the Water Pollution Control Plant for the partial payment of the Public Safety Side Fund Obligation. The $6,000,000 loan was to pay-down the CalPERS Public Safety Side Fund with a long term adjustable rate of 4% or less annually for 13 years. The balance as of June 30, 2015, was $4,693,253. C. Due from Successor Agency The City Council authorized various loans to the Private Purpose Trust Fund from the General Fund for operating and capital improvement purposes. The balance as of June 30, 2015, was $2,040,768. D. Transfers Transfers during the fiscal year ended June 30, 2015, comprised the following: Non-major Water General Governmental Pollution Fund Funds Control Plant Total Non-major Governmental Funds 2,583,594$ 20,562$ -$ 2,604,156$ - - 132,782 132,782 Total 2,583,594$ 20,562$ 132,782$ 2,736,938$ Transfers Out: Transfers In Non-major Enterprise Funds 55