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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2019
<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 706,376$ -$-$706,376$
<br />Depreciable Assets:
<br />Buildings and Improvements 711,792 711,792
<br />Total Depreciable Assets 711,792 711,792
<br />Accumulated Depreciation:
<br />Buildings and Improvements (286,030) (14,237)(300,267)
<br />Total Accumulated Depreciation (286,030) (14,237)(300,267)
<br />Depreciable Assets, Net 425,762 (14,237)411,525
<br />Total Private Purpose
<br />Trust Fund Activity
<br />Capital Assets, Net 1,132,138$ (14,237)$ -$ 1,117,901$
<br />D. Long-Term Debt Obligations
<br />At June 30, 2019, future debt service requirements for the Successor Agency were as follows:
<br />Balance Balance Current Long-Term
<br />June 30, 2018 Additions Retirements June 30, 2019 Portion Portion
<br />2013 Refunding Lease Revenue Bonds
<br />Successor Agency Portion 2,180,000$ -$ (214,000)$ 1,966,000$ 219,000$ 1,747,000$
<br />2014 Tax Allocation Refunding Bonds
<br />Successor Agency Portion 11,235,000 11,235,000 405,000 10,830,000
<br />2018 Tax Allocation Refunding Bonds, Series A
<br />Successor Agency Portion 16,845,000 16,845,000 16,845,000
<br />2018 Tax Allocation Refunding Bonds, Series B
<br />Successor Agency Portion 2,215,000 2,215,000 635,000 1,580,000
<br />Direct Borrowings:
<br />Owner Participation Agreements 853,149 (164,378)688,771 225,000 463,771
<br />HUD 108 Guarantee Notes
<br />Affordable Housing 118,000 (63,000)55,000 55,000
<br />Total 33,446,149 (441,378) 33,004,771 1,539,000 31,465,771
<br />Plus (Less) unamortized:
<br />Premium (2013 LRB)74,922 (8,560)66,362 8,562 57,800
<br />Premium (2014 TARB)1,347,453 (81,664) 1,265,789 81,664 1,184,125
<br />Premium (2018 TARB)1,809,519 (86,168) 1,723,351 86,168 1,637,183
<br />Total Debt 36,678,043$ -$ (617,770)$ 36,060,273$ 1,715,394$ 34,344,879$
<br />88235
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