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GOVERNMENT-WIDE FINANCIAL ANALYSIS
<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 $215.8 million at the close of fiscal year
<br />2021-22, an increase of 11.7%.
<br />2022 2021
<br />% change 2022 2021
<br />% change 2022 2021
<br />% change
<br />Current Assets 203,256$ 184,137$ 10.4% 47,097$ 48,786$ -3.5% 250,353$ 232,923$ 7.5%
<br />Non-Current Assets 11,857 9,184 29.1% (6,198) (5,977) 3.7% 5,659 3,207 76.5%
<br />Capital Assets 177,125 188,650 -6.1% 84,606 81,782 3.5% 261,731 270,432 -3.2%
<br />Total assets 392,238 381,971 2.7% 125,505 124,591 0.7% 517,743 506,562 2.2%
<br />Deferred Outflows of Resources 36,464 33,464 9.0% 1,822 2,147 -15.1% 38,286 35,611 7.5%
<br />Current and other liabilities 26,108 36,704 -28.9% 3,620 3,816 -5.1% 29,728 40,520 -26.6%
<br />Long-term liabilities 184,901 245,651 -24.7% 48,701 57,262 -15.0% 233,602 302,913 -22.9%
<br />Total liabilities 211,009 282,355 -25.3% 52,321 61,078 -14.3% 263,330 343,433 -23.3%
<br />Deferred Inflows of Resources 72,614 5,606 1195.3% 4,315 - 0.0% 76,929 5,606 1272.3%
<br />Net assets:
<br /> Net investment in capital assets 139,037 146,228 -4.9% 45,175 39,935 13.1% 184,212 186,163 -1.0%
<br /> Restricted 51,234 51,588 -0.7% - - N/A 51,234 51,588 -0.7%
<br /> Unrestricted (45,192) (70,342) -35.8% 25,516 25,724 -0.8% (19,676) (44,618) -55.9%
<br />Total net position 145,079$ 127,474$ 13.8% 70,691 65,659 7.7% 215,770$ 193,133$ 11.7%
<br />City of San Leandro
<br />Net Position at June 30, 2022
<br />(in thousands)
<br />Governmental Activities Business-Type Activities Total
<br />The City’s $184.2 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.
<br />Of the City’s total net position, $51.2 million represents resources that are subject to external
<br />restrictions. The remaining balance of ($19.7) million represents an unrestricted net position, which
<br />may be used to meet the City’s ongoing obligations to citizens and creditors within the restrictions set
<br />forth by various funding sources.
<br />9
<br />$ $
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