Reso 2011-053 Attachment - Laserfiche WebLink

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City of San Leandro Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Government -Wide Statement of Activities and Changes in Net Assets For the year ended June 30, 2010 Net Change in Fund Balances - Total Governmental Funds $ (13,605,065) Governmental activities in the Statement of Activities and Changes in Net Assets were reported differently because: Governmental funds report capital outlay as expenditures. However, in the Government -Wide Statement of Activities and Changes in Net Assets, the cost of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount of capital assets recorded in the current period. 14,082,375 Depreciation expense on capital assets is reported in the Government -Wide Statement of Activities and Changes in Net Assets, but they do not require the use of current financial resources. Therefore, depreciation expense is not reported as expenditures in governmental funds. (14,307,602) Debt proceeds provide current financial resources in government funds, but issuing debt increase long-term liabilites in the Government -Wide Statement of Net Assets. (2,961,717) Payment of costs for the issuance of certificates of participation or bonds is an expenditure in the governmental funds, but is recorded as a prepaid expense and amortized on the statement of net assets over the life of the bonds. (24,353) Change in OPEB liability is considered long-term debt and is not reported as an expenditure in the governmental funds. (510,258) Adjustment of unearned revenue from prior year (493,537) Bond discount on issuance of debt is an adjustment to the expenditures in governmental funds, but the discount reduces long-term liabilities in the Government -Wide Statement of Net Assets. In the Government -Wide Statement of Net Assets the discount is amortized over the period of the outstanding debt. (6,371) Bond premium on issuance of debt is an expenditure in governmental funds, but the premium increases long-term liabilities in the Government -Wide Statement of Net Assets. In the Government -Wide Statement of Net Assets the premium is amortized over the period of the outstanding debt. 30,015 Repayment of bond Principal is an expenditure in governmental funds, but the repayment reduces long- term liabilities in the Government -Wide Statement of Net Assets. 3,305,968 Payroll expense on compensated absences is reported in the Government -Wide Statement of Activities and Changes in Net Assets, but they do not require the use of current financial resources. Therefore, compensated absences expense is not reported as expenditures in governmental funds. 746,211 Pollution remediation expense is reported in the Government -Wide Statement of Activities and Changes in Net Assets, but it does not require the use of current financial resources. Therefore, pollution remediation is not reported as expenditures in governmental funds. (235,000) Interest expense on long-term debt is reported in the Government -Wide Statement of Activities and Changes in Net Assets, but does not require the use of current financial resources. Therefore, interest expense was not reported as expenditures in governmental funds. The following amount represents the change in accrued interest from the prior year. 29,109 Internal service funds are used by management to charge the costs of certain activities, such as insurance and fleet management, to individual funds. The net revenue of the internal service funds is reported with governmental activities. (3,218,079) Change in Net Assets of Governmental Activities $ (17,168,304) See accompanying Notes to Basic Financial Statements. 31