Reso 2011-053 Attachment - Laserfiche WebLink

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Senior Community Center and other continued capital projects in the San Leandro downtown area for lighting and pedestrian improvements. Redevelopment Agency Low/Moderate Housing Capital Projects Fund - The Redevelopment Agency Low/Moderate Housing Capital Projects Fund was established to account for the 20% tax increment revenue set aside and legally designated for low and moderate income housing and neighborhood improvements. At the end of fiscal year 2009-10, the unreserved fund balance decreased by approximately $585,000 from the prior year to $1.7 million. Proprietary Funds The City's proprietary funds provide the same type of information found in the government -wide financial statements but in more detail. The total net assets of the enterprise funds increased by $4.9 million, mainly reflected in the Water Pollution Control Plant's net income of $4.2 million. Unrestricted net assets of internal service funds at June 30, 2010 amounted to $10.5 million, a decrease of $3.2 million due to a combination of reduced revenues of $1.2 million and increased expenditures of $1.5 million. Water Pollution Control Plant Enterprise Fund — The Water Pollution Control Plant Enterprise fund was established to account for the City's sewers, which protect public health and preserve water quality through collection, treatment and disposal of the community's wastewater and wastewater solids. As of June 30, 2010, the fund's net assets totaled almost $38.8 million. Shoreline Enterprise Fund - The Shoreline Enterprise Fund was established in 2002-03 to combine the Marina Enterprise and the Golf Course Enterprise Funds. The fund accounts for the operation of recreational berthing, food service facilities and the public golf course. As of June 30, 2010, the fund's net assets totaled ($2.9) million. The deficit has accumulated over the years and includes the transfer of golf course assets in 2003 pursuant to the City's lease with American Golf Company. The deficit will be eliminated over the next several years through cost containment and revenue enhancement. 12