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City of San Leandro
<br />Statement of Net Position
<br />June 30, 2024
<br />Governmental Business - Type
<br />Activities Activities Total
<br />Current assets:
<br />Cash and investments (Note 2)178,760,531$ 46,973,090$ 225,733,621$
<br />Restricted cash and investments (Note 2)29,102,304 2,544,682 31,646,986
<br />Receivables:
<br />Accounts 25,469,875 1,798,771 27,268,646
<br />Special assessments 92,855 - 92,855
<br />Inventory and prepaid items 171,357 622,969 794,326
<br />Total current assets 233,596,922 51,939,512 285,536,434
<br />Noncurrent assets:
<br />Loans receivable (Note 3)1,372,647 26,416,951 27,789,598
<br />Leases receivable (Note 4)4,149,133 485,130 4,634,263
<br />Internal balances (Note 5D)8,193,086 (8,193,086) -
<br />Capital assets (Note 6):
<br />Non-depreciable 47,685,680 15,878,057 63,563,737
<br />Depreciable 531,254,162 90,888,346 622,142,508
<br />Less accumulated depreciation (401,155,607) (21,248,659) (422,404,266)
<br />Capital assets, net 177,784,235 85,517,744 263,301,979
<br />Total noncurrent assets 191,499,101 104,226,739 295,725,840
<br />Total Assets 425,096,023 156,166,251 581,262,274
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Related to pension (Note 15)66,273,374 3,504,453 69,777,827
<br />Related to OPEB (Note 16)1,211,393 - 1,211,393
<br />Total Deferred Outflows of Resources 67,484,767 3,504,453 70,989,220
<br />Current liabilities:
<br />Accounts payable and accruals 12,275,183 1,268,215 13,543,398
<br />Interest payable 255,443 3,064 258,507
<br />Other liabilities 1,603,521 (3,760) 1,599,761
<br />Unearned revenue (Note 10)4,466,930 14,680 4,481,610
<br />Compensated absences - Due within one year (Note 9)1,260,218 147,219 1,407,437
<br />SBITAs - Due within one year (Note 7)117,570 - 117,570
<br />Claims and judgments payable - Due within one year (Note 13)5,499,279 - 5,499,279
<br />Long- term debt - Due within one year (Note 8)2,596,793 2,522,478 5,119,271
<br />Total current liabilities 28,074,937 3,951,896 32,026,833
<br />Noncurrent liabilities:
<br />Deposits 4,704,711 33,344 4,738,055
<br />Compensated absences payable - Due in more than one year (Note 9)3,240,550 441,655 3,682,205
<br />Claims and judgments payable - Due in more than one year (Note 13)6,069,164 - 6,069,164
<br />Net pension liability (Note 15)219,751,688 15,925,166 235,676,854
<br />Net OPEB liability (Note 16)1,074,764 - 1,074,764
<br />Long- term debt - Due in more than one year (Note 8)33,002,899 32,020,799 65,023,698
<br />Total noncurrent liabilities 267,843,776 48,420,964 316,264,740
<br />Total Liabilities 295,918,713 52,372,860 348,291,573
<br />DEFERRED INFLOWS OF RESOURCES
<br />Related to leases (Note 4)3,927,070 463,348 4,390,418
<br />Related to pension (Note 15)5,368,265 62,506 5,430,771
<br />Related to OPEB (Note 16)3,864,355 - 3,864,355
<br />Total Deferred Inflows of Resources 13,159,690 525,854 13,685,544
<br />Net investment in capital assets 142,066,973 50,974,467 193,041,440
<br />Restricted for:
<br />Capital projects 43,682,145 - 43,682,145
<br />Pension costs 29,049,679 - 29,049,679
<br />Engineering and transportation 36,152,818 - 36,152,818
<br />Recreation and culture 862,966 - 862,966
<br />Community development 4,840,701 - 4,840,701
<br />Public safety 401,785 - 401,785
<br />Total restricted 114,990,094 - 114,990,094
<br />Unrestricted (73,554,680) 55,797,523 (17,757,157)
<br />Total Net Position 183,502,387$ 106,771,990$ 290,274,377$
<br />See Accompanying Notes to Basic Financial Statements
<br />ASSETS
<br />LIABILITIES
<br />NET POSITION (Note 11)
<br />23
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