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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 />43 <br />