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Notes to the Basic Financial Statements
<br />The notes to the basic financial statements provide additional information that is essential to a full
<br />understanding of the data provided in the government-wide and fund financial statements. The notes to
<br />the financial statements follow the basic financial statements.
<br />Other Information
<br />In addition to the basic financial statements and accompanying notes, this report also presents certain
<br />required supplemental information. This information includes budgetary comparison schedules, more
<br />detailed info1mation about the City's agreement with the California Public Employees Retirement System
<br />(CalPERS) for the defined benefit pension plan, and more detailed information on the City's Other Post
<br />Employment Benefit Plan (OPEB).
<br />GOVERNMENT-WIDE FINANCIAL ANALYSIS
<br />Net Position -As noted earlier, net position may serve over time as a useful indicator of the City's
<br />financial position. In the case of the City, total assets exceeded liabilities by $190.2 million at the close
<br />of fiscal year 2017-18, a decrease of7.8% due to reasons noted earlier.
<br />City of San Leandro
<br />Net Assets at June 30, 2018
<br />(in thousands)
<br />Governrrental Activities Business-Type Activities Total
<br />% % %
<br />2018 2017 change 2018 2017 change 2018 2017 change
<br />Current Assets $111,605 $ 99,803 11.8% 34,636 38,217 -9.4% $146,241 $138,020 6.0%
<br />Non-Current Assets 8,597 16,363 -47.5% (3,888) (3,351) 16.0% 4,709 13,012 -63.8%
<br />Capital Assets 210,047 217,635 -3.5% 75,236 73,354 2.6% 285,283 290,989 -2.0%
<br />Total assets 330,249 333,801 -1.1% 105,984 108,220 -2.1% 436,233 442,021 -1.3%
<br />Deferred Outflows of Resources 42,627 35,263 20.9% 2,719 2,772 -1.9% 45,346 38,035 19.2%
<br />Current and other liabilities 15,761 16,003 -1.5% 3,033 4,572 -33.7% 18,794 20,575 -8.7%
<br />Long-term liabilities 213,070 192,001 11.0% 52,733 54,562 -3.4% 265,803 246,563 7.8%
<br />Total liabilities 228,831 208,004 10.0% 55,766 59,134 -5.7% 284,597 267,138 6.5%
<br />Deferred Inflows of Resources 6,725 6,401 5.1% 102 185 -44.9% 6,827 6,586 3.7%
<br />Net assets:
<br />Net investrrent in capital assets 181,179 190,556 -4.9% 34,872 31,056 12.3% 216,051 221,612 -2.5%
<br />Restricted 41,104 31,648 29.9% NIA 41,104 31,648 29.9%
<br />Unrestricted (84,963) (67,544) 25.8% 17,963 20,616 -12.9% (67,000) (46,928) 42.8%
<br />Total net position $137,320 $154,660 -11.2% 52,835 51,672 2.3% $190,155 $206,332 -7.8%
<br />The City's $216.1 million net investment in capital assets such as infrastructure, land, buildings,
<br />machinery, and equipment is by far the largest portion of the City's net position. Because the City uses
<br />these capital assets to provide services to residents, these assets are not available for future spending.
<br />Although investment in its capital assets is reported net of related debt, it should be noted that the resources
<br />needed to repay must be provided from other sources (future income), since the capital assets themselves
<br />cannot be used to liquidate these liabilities.
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