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City of San Leandro <br />Index to Notes to Basic Financial Statements <br />For the year ended June 30, 2019 <br />NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES ...................................................................... 45 <br />A. Financial Reporting Entity ........................................................................................................ 45 <br />B. Government-Wide Financial Statements .................................................................................. 45 <br />C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation .................. 46 <br />D. Recognition of Interest Liability .............................................................................................. 47 <br />E. Use of Restricted and Unrestricted Net Position ...................................................................... 48 <br />F. Cash, Cash Equivalents and Investments ................................................................................. 48 <br />G. Inventory .................................................................................................................................. 48 <br />H. Capital Assets ........................................................................................................................... 49 <br />I. Long-Term Debt ........................................................................................................................ 49 <br />J. Compensated Absences ............................................................................................................. 50 <br />K. Property Taxes ......................................................................................................................... 50 <br />L. Deferred Inflows/Outflows of Resources .................................................................................. 50 <br />M. Use of Estimates ...................................................................................................................... 50 <br />N. Fair Value Measurements ......................................................................................................... 51 <br />O. Implementation of New Governmental Accounting Standards Board <br /> (GASB) Pronouncements ....................................................................................................... 51 <br />NOTE 2 – CASH AND INVESTMENTS .............................................................................................. 52 <br />A. Cash Deposits ............................................................................................................................ 52 <br />B. Investments .............................................................................................................................. 53 <br />NOTE 3 – LOANS RECEIVABLE ........................................................................................................ 57 <br />NOTE 4 – INTERFUND TRANSACTIONS ......................................................................................... 58 <br />A. Fund Financial Statements – Interfund Receivables and Payables .......................................... 58 <br />B. Fund Financial Statements – Long-Term Advances ................................................................ 59 <br />C. Fund Financial Statements – Loan to Successor Agency ......................................................... 59 <br />D. Fund Financial Statements – Transfers .................................................................................... 59 <br />E. Fund Financial Statements – Internal Balances ........................................................................ 60 <br />NOTE 5 – CAPITAL ASSETS ............................................................................................................... 61 <br />A. Government-Wide Financial Statements .................................................................................. 61 <br />B. Funds Financial Statements ...................................................................................................... 63 <br />NOTE 6 – LONG-TERM DEBT ............................................................................................................. 64 <br />A. Governmental Activities Long-Term Debt .............................................................................. 64 <br />B. Long-Term Debt of Business-Type and Proprietary Funds ..................................................... 69 <br />C. Debt Covenants and Restrictions ............................................................................................. 70 <br />NOTE 7 – COMPENSATED ABSENCES ............................................................................................. 70 <br />NOTE 8 – UNEARNED REVENUE ....................................................................................................... 71 <br />A. Government-Wide Financial Statements ................................................................................. 71 <br />43190