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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2021
<br />NOTE 7 – COMPENSATED ABSENCES
<br />The City’s compensated absences consist of accrued vacation pay, sick leave, and accrued compensatory
<br />time. The total amount of the accrued liability is recorded in the Government-wide Financial Statements
<br />and charges for compensated absences expense is charged to the various program activities in the
<br />Governmental funds, primarily General fund and Internal Service funds, and all Proprietary funds.
<br />Summary of changes in compensated absences for the year ended June 30, 2021, follows:
<br />Balance Balance Due within Due in more
<br />July 1, 2020 Additions Retirements June 30, 2021 one year than one year
<br />Governmental Activities 4,534,699$ 1,107,319$ 1,571,101$ 4,070,917$ 610,638$ 3,460,279$
<br />Business-type Activities 612,332 151,914 60,880 703,366 140,673 562,693
<br />Total 5,147,031$ 1,259,233$ 1,631,981$ 4,774,283$ 751,311$ 4,022,972$
<br />NOTE 8 – UNEARNED REVENUE
<br />A.Governmental-Wide Financial Statements
<br />Unearned revenue in the Government-Wide Financial Statements represents amounts for which revenues
<br />have not been earned. At June 30, 2021, unearned revenue in the Government-Wide Financial Statements
<br />was $13,169,170.
<br />NOTE 9 – NET POSITION AND FUND BALANCES
<br />A. Net Position
<br />Net Position is the excess of all the City’s assets and deferred outflows of resources over all its liabilities,
<br />and deferred inflows of resources regardless of fund. Net Position is divided into three captions. These
<br />captions apply only to Net Position, which is determined only at the Government-wide level, and are
<br />described below:
<br />Net investment in capital assets describes the portion of Net Position which is represented by the current
<br />net book value of the City’s capital assets, less the outstanding balance of any debt issued to finance these
<br />assets.
<br /> Restricted net position describes the portion of Net Position which is restricted as to use by the terms and
<br />conditions of agreements with outside parties, governmental regulations, laws, or other restrictions which
<br />the City cannot unilaterally alter. These principally include capital projects, debt service requirements,
<br />and special revenue programs restricted to special revenue purposes such as Measure B, Measure BB,
<br />Measure F, special Gas Tax, Grant funds, and other special revenue funds.
<br /> Unrestricted describes the portion of Net Position which is not restricted to use.
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