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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2018
<br />NOTE 16 -SUCCESSOR AGENCY ACTIVITIES (Continued)
<br />Depreciation of all capital assets is charged as an expense against operations each year and the total
<br />amount of depreciation taken over the years, called accumulated depreciation, is reported on the balance
<br />sheet as a reduction in the book value of capital assets.
<br />Balance Balance
<br />June 30, 2017 Additions Deletions June 30, 2018
<br />Non-depreciable Assets:
<br />Land $ 1,203,435 $ $ (497,059) $ 706,376
<br />Depreciable Assets:
<br />Buildings and Improvements 828,076 (116,284) 711,792
<br />Total Depreciable Assets 828,076 (116,284) 711,792
<br />Accumulated Depreciation:
<br />Buildings and Improvements (301,636) (14,237) 29,843 (286,030)
<br />Total Accumulated Depreciation (301,636) (14,237) 29,843 (286,030)
<br />Depreciable Assets, Net 526,440 (14,237) (86,441) 425,762
<br />Total Private Purpose
<br />Trust Fund Activity
<br />Capital Assets, Net $ 1,729,875 $ (14,237) $ (583,500) $ 1,132,138
<br />D. Long-Term Debt Obligations
<br />At June 3 0, 2018, future debt service requirements for the Successor Agency were as follows:
<br />Balance Balance Current Long-Term
<br />June 30, 2017 Additions Retirements June 30, 2018 Portion Portion
<br />2008 TaxAllocation Bonds $ 23,480,000 $ $ (23,480,000) $ $ $
<br />2013 Refunding Lease Revenue Bonds
<br />Successor Agency Portion 2,384,000 (204,000) 2,180,000 214,000 1,966,000
<br />2014 TaxAllocation Refunding Bonds
<br />Successor Agency Portion 11,235,000 11,235,000 11,235,000
<br />2018 TaxAllocation Refunding Bonds, Series A
<br />Successor Agency Portion 16,845,000 16,845,000 16,845,000
<br />2018 TaxA!location Refunding Bonds, Series B
<br />Successor Agency Portion 2,215,000 2,215,000 2,215,000
<br />Owner Participation Agreements 1,036,458 (183,309) 853,149 317,288 535,861
<br />King Property Settlement 1,250,000 {1,250,000)
<br />HUD 108 Guarantee Notes
<br />Affordable Housing 181,000 (63,000) 118,000 63,000 55,000
<br />Total $ 39,566,458 $ 19,060,000 $ (25,180,309) $ 33,446,149 $594,288 $32,851,861
<br />Plus (Less) unarrortiz.ed:
<br />Premium(2008 TAB) $ 150,002 $ $ {150,002) $ $ $
<br />Premium (2013 LRB) 83,485 (8,563) 74,922 8,562 66,360
<br />Premium(2014 TARB) 1,429,117 (81,664) 1,347,453 81,664 1,265,789
<br />Premium(2018 TARB) 1,809,519 1,809,519 1,809,519
<br />TotalDebt $ 41,229,062 $20,869,519 $ (25,420,538) $ 36,678,043 $684,514 $35,993,529
<br />87 552
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