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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2021
<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, 2020 Additions June 30, 2021
<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 (298,988) (11,678) (310,666)
<br />Total Accumulated Depreciation (298,988) (11,678) (310,666)
<br />Depreciable Assets, Net 412,804 (11,678) 401,126
<br />Total Private Purpose
<br />Trust Fund Activity
<br />Capital Assets, Net 1,119,180$ (11,678)$ 1,107,502$
<br />C. Long-Term Debt Obligations
<br />At June 30, 2021, future debt service requirements for the Successor Agency were as follows:
<br />Balance Balance Current Long-Term
<br />June 30, 2020 Retirements June 30, 2021 Portion Portion
<br />2013 Refunding Lease Revenue Bonds
<br />Successor Agency Portion 1,747,000$ (224,000)$ 1,523,000$ 234,000$ 1,289,000$
<br />2014 Tax Allocation Refunding Bonds
<br />Successor Agency Portion 10,830,000 (485,000) 10,345,000 675,000 9,670,000
<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 1,580,000 (650,000)930,000 670,000 260,000
<br />Direct Borrowings:
<br />Owner Participation Agreements 533,530 (119,360)414,170 - 414,170
<br />Total 31,535,530 (1,478,360) 30,057,170 1,579,000 28,478,170
<br />Plus (Less) unamortized:
<br />Premium (2013 LRB)57,800 (8,562)49,238 8,562 40,676
<br />Premium (2014 TARB)1,184,125 (81,664) 1,102,461 81,664 1,020,797
<br />Premium (2018 TARB)1,637,183 (86,168) 1,551,015 86,168 1,464,847
<br />Total Debt 34,414,638$ (1,654,754)$ 32,759,884$ 1,755,394$ 31,004,490$
<br />88349
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