|
CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2019
<br />NOTE 4 — INTERFUND TRANSACTIONS (Continued)
<br />B. Long -Term Advances
<br />Long-term advances to be repaid out of future earnings or charges at June 30, 2019, consisted of:
<br />Receivable Fund
<br />General Fund
<br />Water Pollution Control Plant
<br />Enterprise Fund
<br />ble Fund
<br />Shoreline Enterprise Fund
<br />General Fund
<br />Total
<br />Amount
<br />$ 6,712,486
<br />2,760,552
<br />$ 9,473,038
<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, 2019, was $2,992,728 and $3,719,758 for the Marina and the Golf
<br />Course, respectively, for a total of $6,712,486.
<br />The City Council authorized a loan to the General Fund from the Water Pollution Control Plant in 2011
<br />for the partial payment of the Public Safety Side Fund Obligation. The $6,000,000 loan was to pay -down
<br />the Ca1PERS Public Safety Side Fund with a long term adjustable rate of 4% or less annually for 13
<br />years. As of June 30, 2019, the outstanding amount was $2,760,552.
<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, 2019, was $1,575,205.
<br />D. Transfers
<br />Transfers during the fiscal year ended June 30, 2019, comprised the following:
<br />Transfers In
<br />Capital Improvements
<br />Capital Projects Funds
<br />Non -major
<br />Governmental Funds
<br />Shoreline Enterprise
<br />Fund
<br />Non -major
<br />Enterprise Funds
<br />Internal Service Funds
<br />Capital Improvements
<br />General Capital Projects
<br />Fund Fund
<br />Transfers Out:
<br />Water Pollution
<br />Control Plan Non -Major
<br />Enterprise Fund Governmental Funds
<br />$ 7,765,000 $ - $
<br />433,333
<br />476,000
<br />Total
<br />- $ 20,000,000 $ 27,765,000
<br />433,333
<br />476,000
<br />132,782 132,782
<br />373,327 1,373,327
<br />Total $ 9,198,333 $ 476,000 $ 132,782 $ 20,373,327 $ 30,180,442
<br />M9
<br />
|