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<br /> <br />City of San Leandro <br />Index to Notes to Basic Financial Statements <br />For the year ended June 30, 2016 <br /> NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES ...................................................................... 43 <br />A. Financial Reporting .................................................................................................................. 43 B. Government-Wide Financial Statements .................................................................................. 44 <br />C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation .................. 44 <br />D. Recognition of Interest Liability .............................................................................................. 46 E. Use of Restricted and Unrestricted Net Assets ......................................................................... 46 <br />F. Cash, Cash Equivalents and Investments ................................................................................. 46 <br />G. Inventory .................................................................................................................................. 47 H. Capital Assets ........................................................................................................................... 47 <br />I. Long-Term Debt ........................................................................................................................ 48 <br />J. Compensated Absences ............................................................................................................. 48 K. Property Taxes ......................................................................................................................... 48 <br />L. Deferred Inflows/ Outflows of Resources ................................................................................. 48 M. Use of Estimates ...................................................................................................................... 48 N. Fair Value Measurements ......................................................................................................... 49 <br />O. Implementation of New Government Accounting Standards Board (GASB) Pronouncements ......................................................................................................................... 49 <br />NOTE 2 – CASH AND INVESTMENTS .............................................................................................. 50 <br />A. Cash Deposits ............................................................................................................................ 50 <br />B. Investments .............................................................................................................................. 51 <br />NOTE 3 – LOANS RECEIVABLE ........................................................................................................ 54 NOTE 4 – INTERFUND TRANSACTIONS ........................................................................................ 56 <br /> <br />A. Fund Financial Statements – Interfund Receivables and Payables .......................................... 56 B. Fund Financial Statements – Long Term Advances ................................................................ 56 <br />C. Fund Financial Statements – Due from Successor Agency ...................................................... 57 <br />D. Fund Financial Statements – Transfers .................................................................................... 57 E. Fund Financial Statements – Internal Balances ....................................................................... 57 <br /> NOTE 5 – CAPITAL ASSETS ............................................................................................................... 58 <br />A. Government-Wide Financial Statements .................................................................................. 58 <br />B. Funds Financial Statements ...................................................................................................... 60 <br />NOTE 6 – LONG-TERM DEBT ............................................................................................................. 61 A. Governmental Activities Long-Term Debt .............................................................................. 61 <br />B. Long-Term Debt of Business-Type and Proprietary Funds ..................................................... 65 C. Debt Covenants and Restrictions ............................................................................................. 66 <br />D. Long-Term Debt Without City Commitment ........................................................................... 66 <br /> NOTE 7 – COMPENSATED ABSENCES ............................................................................................. 67 <br />NOTE 8 – UNEARNED REVENUE ....................................................................................................... 67 A. Government-Wide Financial Statements ................................................................................. 67 <br />41