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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2018
<br />I NOTE 4 -INTERFUND TRANSACTIONS (Continued) I
<br />The City Council authorized General Fund loans to the Shoreline Enterprise Fund for capital
<br />improvements at the Marina and Golf Course. The loans are to be paid over 30 years with an annual
<br />interest accrual rate of 5%. Principal payments are made annually provided the fund has sufficient
<br />resources. The balance as of June 30, 2018, was $3,078,646 and $3,835,761 for the Marina and the Golf
<br />Course, respectively, for a total of $6,914,407.
<br />The City Council authorized a loan to the General Fund from the Water Pollution Control Plant for the
<br />partial payment of the Public Safety Side Fund Obligation. The $6,000,000 loan was to pay-down the
<br />CalPERS Public Safety Side Fund with a long term adjustable rate of 4% or less annually for 13 years.
<br />As of June 30, 2018, the outstanding amount was $3,265,334.
<br />C. Loan to Successor Agency
<br />The City Council authorized various loans to the Private Purpose Trust Fund from the General Fund for
<br />operating and capital improvement purposes. The balance as of June 30, 2018, was $1,995,631.
<br />D. Transfers
<br />Transfers during the fiscal year ended June 30, 2018, comprised the following:
<br />Transfers Out:
<br />Water Pollution
<br />General Control Plan Shoreline
<br />Transfers In Fund Enterprise Fund Enterprise Fund Total
<br />Capital Improvement
<br />Capital Projects Fund $ 9,890,000 $ $ 166,989 $ 10,056,989
<br />Non-major
<br />Governmental Funds 288,889 288,889
<br />Non-major Enterprise
<br />Funds 132,782 132,782
<br />Internal Service Funds 27,000 20,932 47,932
<br />Total $ 10,205,889 $ 153,714 $ 166,989 $ 10,526,592
<br />The City Council authorized transfers from the General Fund to various funds for fiscal year 2017-2018 to
<br />the following accounts and projects:
<br />Capital Improvement Fund $ 1,015,000 Street Improvement Projects
<br />Capital Improvement Fund 600,000 Building Improvement Projects
<br />Capital Improvement Fund 2,900,000 Pool Improvement Projects
<br />Capital Improvement Fund 4,700,000 Marina Improvement Projects
<br />Capital Improvement Fund 675,000 Parks Improvement Projects
<br />Vehicle Replacement Fund 27,000 New Vehicle Purchase
<br />Special Gas Tax Fund 288,889 Street Maintenance
<br />$ 10,205,889
<br />59 524
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