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<br />
<br />Notes to the Basic Financial Statements
<br />The notes to the basic financial statements provide additional information that is essential to fully
<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 />
<br />Other Information
<br />In addition to the basic financial statements and accompanying notes, this report also presents required
<br />supplemental information. This information includes budgetary comparison schedules, detailed
<br />information about the City’s agreement with the California Public Employees Retirement System
<br />(CalPERS) 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 />
<br />GOVERNMENT-WIDE FINANCIAL ANALYSIS
<br />
<br />Net Position – As noted, net position may serve over time as a useful indicator of the City’s financial
<br />position. In this fiscal year, total assets exceeded liabilities by $193.1 million at the close of fiscal year
<br />2020-21, an increase of 7.2%.
<br />
<br />2021 2020
<br />% change 2021 2020
<br />% change 2021 2020
<br />% change
<br />Current Assets 184,137$ 154,497$ 19.2% 48,786$ 37,352$ 30.6% 232,923$ 191,849$ 21.4%
<br />Non-Current Assets 9,184 8,366 9.8% (5,977) (5,204) 14.9% 3,207 3,162 1.4%
<br />Capital Assets 188,650 192,496 -2.0% 81,782 77,972 4.9% 270,432 270,468 0.0%
<br />Total asse ts 381,971 355,359 7.5% 124,591 110,120 13.1% 506,562 465,479 8.8%
<br />Deferred Outflows of Resources 33,464 31,207 7.2% 2,147 1,810 18.6% 35,611 33,017 7.9%
<br />Current and other liabilities 36,704 19,567 87.6% 3,816 3,029 26.0% 40,520 22,596 79.3%
<br />Long-term liabilities 245,651 237,990 3.2% 57,262 50,057 14.4% 302,913 288,047 5.2%
<br />Total liabilities 282,355 257,557 9.6% 61,078 53,086 15.1% 343,433 310,643 10.6%
<br />Deferred Inflows of Resources 5,606 7,416 -24.4% - 261 -100.0% 5,606 7,677 -27.0%
<br />Net assets:
<br /> Net investment in capital assets 146,228 147,336 -0.8% 39,935 41,645 -4.1% 186,163 188,981 -1.5%
<br /> Restricted 51,588 64,473 -20.0% - - N/A 51,588 64,473 -20.0%
<br /> Unrestricted (70,342) (90,216) -22.0% 25,724 16,939 51.9% (44,618) (73,277) -39.1%
<br />Total net position 127,474$ 121,593$ 4.8% 65,659 58,584 12.1% 193,133$ 180,177$ 7.2%
<br />City of San Leandro
<br />Net Assets at June 30, 2021
<br />(in thousands)
<br />Governmental Activities Business-Type Activities Total
<br />
<br />The City’s $186.1 million net investment in capital assets such as infrastructure, land, buildings,
<br />machinery, and equipment are the largest portion of the City’s net position. These assets are not available
<br />for future spending because the City currently uses these capital assets to provide services to residents.
<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.
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