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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 information about the City's agreement with the California Public Employees Retirement System
<br />(Ca1PERS) for the defined benefit pension plan, more detailed information on the City's Other Post
<br />Employment Benefit Plan (OPEB), and a detailed description of the City's Long Term Debt.
<br />GOVERNMENT -WIDE FINANCIAL ANALYSIS
<br />Net Position - As noted, net position may serve over time as a useful indicator of the City's financial
<br />position. In the case of the City, total assets exceeded liabilities by $186.0 million at the close of fiscal
<br />year 2018-19, a decrease of 2.2%.
<br />City of San Leandro
<br />Net Assets at June 30, 2019
<br />(in thousands)
<br />The City's $191.2 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 capital assets is reported net of related debt, it should be noted that the resources
<br />needed to repay these investments must be provided from other sources (future income), since the capital
<br />assets themselves cannot be used to liquidate these liabilities.
<br />Of the City's total net position, $63.1million represents resources that are subject to external restrictions
<br />on how they may be used. The remaining balance of ($68.3) million represents an unrestricted net
<br />position, which may be used to meet the City's ongoing obligations to citizens and creditors within the
<br />restrictions set forth by various funding sources.
<br />E:3
<br />Governmental Activities
<br />Business -Type Activities
<br />Total
<br />2019
<br />2018
<br />%change
<br />2019
<br />2018
<br />%change
<br />2019
<br />2018
<br />%change
<br />Current ?assets
<br />S 143,771
<br />S 111,605
<br />28.8%
<br />S 38,104
<br />34,636
<br />10.0%
<br />S 181,875
<br />S 146,241
<br />24.4%
<br />Non -Current Assns
<br />9,072
<br />8,597
<br />53%
<br />(4,543)
<br />(3,888)
<br />16.8%
<br />4,529
<br />4,709
<br />-M%
<br />Capital Assets
<br />197,907
<br />210,047
<br />_M%
<br />77,036
<br />75,236
<br />2.4%
<br />274,943
<br />285,283
<br />-3.6%
<br />Total assets
<br />350,750
<br />330,249
<br />6.2%
<br />110,597
<br />105,984
<br />4.4%
<br />461,347
<br />436,233
<br />5.8%
<br />DeferredOtt $onsofResources
<br />32,034
<br />42,627
<br />-24.9%
<br />1,382
<br />2,719
<br />49.2%
<br />33,416
<br />45,346
<br />-26.3%
<br />Current and ot her liabilities
<br />17,531
<br />15,761
<br />11.2%
<br />3,300
<br />3,033
<br />8.8%
<br />20,831
<br />18,794
<br />10.8%
<br />Long-term liabilities
<br />231,340
<br />213,070
<br />8.6%
<br />49,720
<br />52,733
<br />-5.7%
<br />281,060
<br />265,803
<br />5.7%
<br />Total liabilities
<br />248,871
<br />228,831
<br />8.8%
<br />53,020
<br />55,766
<br />-4.9%
<br />301,891
<br />284,597
<br />6A%
<br />Deferred Inflows of Resources
<br />6,705
<br />6,725
<br />-0.3%
<br />207
<br />102
<br />102.9%
<br />6,912
<br />6,827
<br />1.2%
<br />Net assets:
<br />Net investment in capital assets
<br />152,522
<br />181,179
<br />-15.8%
<br />38,662
<br />34,872
<br />10.9%
<br />191,184
<br />216,051
<br />-11.5%
<br />Restricted
<br />63,079
<br />41,104
<br />533%
<br />-
<br />-
<br />NIA
<br />63,079
<br />41,104
<br />533%
<br />Unrestricted
<br />(88,393)
<br />(84,963)
<br />4.0%
<br />20,090
<br />17,963
<br />11.8%
<br />(68,303)
<br />(67,000)
<br />1.9%
<br />Total net position
<br />S 127,208
<br />S 137,320
<br />-7A%
<br />58,752
<br />52,835
<br />11.2%
<br />$185.960
<br />$190.155
<br />-2.2%
<br />The City's $191.2 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 capital assets is reported net of related debt, it should be noted that the resources
<br />needed to repay these investments must be provided from other sources (future income), since the capital
<br />assets themselves cannot be used to liquidate these liabilities.
<br />Of the City's total net position, $63.1million represents resources that are subject to external restrictions
<br />on how they may be used. The remaining balance of ($68.3) million represents an unrestricted net
<br />position, which may be used to meet the City's ongoing obligations to citizens and creditors within the
<br />restrictions set forth by various funding sources.
<br />E:3
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