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CITY OF SAN LEANDRO NOTES TO BASIC FINANCIAL STATEMENTS For The Year Ended June 30, 2022 NOTE 3 – LOANS RECEIVABLE (Continued) During fiscal year 2022, the City was owed in its Affordable Housing Asset Special Revenue Fund, $19,031,851 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 $18,384,867 leaving a balance of $646,984 as of June 30, 2022. At June 30, 2022, the City was owed in its Community Development Block Grant (CDBG) Special Revenue Fund, $233,324 for various housing assistance loans made by the City. The terms of repayment vary. All of the loans receivable were reduced by allowance for uncollectible loans. At June 30, 2022, the City was owed in its HOME Special Revenue Fund, $4,363,426 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 a 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, 2022, the City was owed in its Housing In-Lieu Special Revenue Fund, $723,711 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 – LEASES The City from to time to time engages in lease arrangements allowing the right for others to use various owned land and buildings for the public benefit. As of June 30, 2022, these leases receivable and related deferred inflows of resources consisted of the following: Lessor Original Lease Date Expiration Date Including Options Monthly Revenue as of June 30, 2022 Lease Receivable Balance at June 30, 2022 Deferred Inflow of Resources at June 30, 2022 Governmental Funds General Fund Alameda County Fire Department - Fire Training Center 7/1/2013 6/30/2038 $ 14,198 $ 3,251,608 $ 3,175,376 Proprietary Funds Shoreline Fund New Cingular Wireless PCS, LLC 5/16/2005 8/31/2032 4,626 584,017 575,676 $ 18,824 $ 3,835,625 $ 3,751,052 59