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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2016
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<br />NOTE 16 – SUCCESSOR AGENCY ACTIVITIES (Continued)
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<br />Balance Transfer to Balance
<br />June 30, 2015 Additions the City June 30, 2016
<br />Non-depreciable Assets:
<br />Land 2,949,885$ $(1,746,450)$ 1,203,435$
<br />Depreciable Assets:
<br />Buildings and Improvements 1,713,996 (885,920) 828,076
<br />Total Depreciable Assets 1,713,996 (885,920) 828,076
<br />Accumulated Depreciation:
<br />Buildings and Improvements (372,967) (16,563) 104,457 (285,073)
<br />Total Accumulated Depreciation (372,967) (16,563) 104,457 (285,073)
<br />Depreciable Assets, Net 1,341,029 (16,563) (781,463) 543,003
<br />Total Private Purpose
<br />Trust Fund Activity
<br />Capital Assets, Net 4,290,914$ (16,563)$ (2,527,913)$ 1,746,438$
<br /> D. Long-Term Debt Obligations
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<br />At June 30, 2016, future debt service requirements for the Successor Agency were as follows:
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<br />Balance Balance Current Long-Term
<br />June 30, 2015 Retirements June 30, 2016 Portion Portion
<br />2008 Tax Allocation Bonds 24,645,000$ (570,000)$ 24,075,000$ 595,000$ 23,480,000$
<br />2013 Refunding Lease Revenue Bonds
<br />Successor Agency Portion 2,762,000 (175,000) 2,587,000 203,000 2,384,000
<br />2014 Tax Allocation Refunding Bonds
<br />Successor Agency Portion 11,235,000 11,235,000 11,235,000
<br />Owner Participation Agreements 1,508,491 (234,890) 1,273,601 297,455 976,146
<br />San Leandro USD - 9th Grade 167,072 (167,072)
<br />King Property Settlement 4,250,000 (1,500,000) 2,750,000 1,500,000 1,250,000
<br />HUD 108 Guarantee Notes
<br />Affordable Housing 307,000 (63,000) 244,000 63,000 181,000
<br />Total 44,874,563$ (2,709,962)$ 42,164,601$ 2,658,455$ 39,506,146$
<br />Plus (Less) unamortized:
<br />Premium (2008 TAB)163,046$ (6,522)$ 156,524$ 6,522$ 150,002$
<br />Premium (2013 LRRB)100,609 (8,562) 92,047 8,562 83,485
<br />Premium (2014 TAB)1,592,445 (81,664) 1,510,781 81,664 1,429,117
<br />Total Government Activity Debt 46,730,663$ (2,806,710)$ 43,923,953$ 2,755,203$ 41,168,750$
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