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CITY OF SAN LEANDRO NOTES TO BASIC FINANCIAL STATEMENTS For The Year Ended June 30, 2021 NOTE 3 – LOANS RECEIVABLE (Continued) During fiscal year 2021, the City was owed in its Affordable Housing Asset Fund, $18,273,614 which includes (1) loans made to the City property owners who meet the HUD requirements for financial assistance for property improvements and first time home buyer loans; (2) a loan made to Ruth Rogers and Sara Bagwell; (3) a loan made to Eden Housing, Inc.; (4) a loan made to San Leandro Senior Housing; (5) a loan made to Citizens’ Housing Corporation for property improvements; and (6) a loan made to Mercy Housing for the construction of the Casa Verde. The total loan receivable amount was reduced by an allowance for uncollectible loans in the amount of $17,626,629 leaving a balance of $646,985 as of June 30, 2021. At June 30, 2021, the City was owed in its Community Development Block Grant (CDBG) Special Revenue Fund, $239,161 for various housing assistance loans made by the City. The terms of repayment vary. All of the loans receivable was reduced by allowance for uncollectible loans. At June 30, 2021, the City was owed in its HOME Special Revenue Fund, $4,536,036 which includes (1) two housing assistance loans made by the City to Citizens’ Housing Corporation; (2) a loan made to Estabrook Senior Housing for construction of senior housing facility; (3) a loan made to Hello Housing for the rehabilitation of a single family home; (4) a housing assistance loan made to Allied Housing. The terms of repayment vary. All of the loans receivable were reduced by allowance for uncollectible loans. At June 30, 2021, the City was owed in its Housing In-Lieu Special Revenue Fund, $737,000 for a housing assistance loan made by the City to the Estabrook Senior Housing for low-moderate housing construction. The terms of repayment vary. The entire loan receivable was reduced by allowance for uncollectible loans. NOTE 4 – INTERFUND TRANSACTIONS A.Interfund Receivables and Payables At June 30, 2021, the City had the following short-term receivables and payables: Receivable Fund Payable Fund Amount General Fund Non-Major Governmental Funds 589,519$ Storm Water Utility Fund 1,405,558 Total 1,995,077$ The City has recorded due to/due from all funds requiring cash at the end of June 30, 2021. The funds that had deficit year-end balances will be repaid back to the General Fund during the 2021-22 fiscal year. 58319