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City of San Leandro Reconciliation of the Net Change in Fund Balances - Total Government Funds with the Statement of Activities For the year ended June 30, 2024 The schedule below reconciles the Net Changes in Fund Balances reported on the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balance, which measures only changes in current assets and current liabilities on the modified accrual basis, with the Change in Net Position of Governmental Activities reported in the Statement of Activities, which is prepared on the full accrual basis. NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS 9,996,714$ Amounts reported for governmental activities in the Statement of Activities are different because of the following: CAPITAL ASSET TRANSACTIONS Governmental Funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is capitalized and allocated over their estimated useful lives and reported as depreciation expense. Capital expenditures are therefore added back to fund balance 17,541,522 Depreciation expense is deducted from the fund balance. The amount excludes the depreciation of $1,335,333, which is reported in the Internal Service Funds.(8,951,858) Loss on disposal of capital assets is deducted from fund balance (224,718) LONG-TERM DEBT PROCEEDS AND PAYMENTS Bond proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the Statement of Net Position. Repayment of bond principal is an expenditure in the governmental funds, but in the Statement of Net Position the repayment reduces long-term liabilities. Repayment of debt principal is added back to fund balance 4,671,059 Amortization of bond discount is deducted from fund balance (8,849) Amortization of bond premium is added back to fund balance 227,386 ACCRUAL OF NON-CURRENT ITEMS The amounts below included in the Statement of Activities do not provide or (require) the use of current financial resources and therefore are not reported as revenue or expenditures in governmental funds (net change): Unearned revenue (7,961,697) Interest payable 165,570 Compensated absences (644,218) Net pension liabilities, related deferred outflows and inflows of resources (10,513,524) Net OPEB liabilities, related deferred outflows and inflows of resources (220,929) ALLOCATION OF INTERNAL SERVICE FUND ACTIVITY Internal Service Funds are used by management to charge the costs of certain activities, 'such as equipment acquisition, maintenance, and insurance to individual funds. The portion of the net revenue (expense) of these Internal Service Funds arising out of their transactions with governmental funds is reported with governmental activities, because they service those activities. Change in Net Position - All Internal Service Funds (2,284,211) CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES 1,792,247$ See Accompanying Notes to Basic Financial Statements 33