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City of San Leandro <br />Index to Notes to Basic Financial Statements <br />For the year ended June 30, 2024 <br />NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES ...................................................................... 45 <br />A. Financial Reporting Entity ........................................................................................................ 45 <br />B. Government-Wide Financial Statements ................................................................................... 45 <br />C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation ................... 46 <br />D. Recognition of Interest Liability ............................................................................................... 48 <br />E. Use of Restricted and Unrestricted Net Position ....................................................................... 48 <br />F. Cash, Cash Equivalents and Investments .................................................................................. 48 <br />G. Inventory ................................................................................................................................... 48 <br />H. Leases ........................................................................................................................................ 48 <br />I. Capital Assets ............................................................................................................................ 49 <br />J. Subscription Based Information Technology Arrangements (SBITAs) .................................... 50 <br />K. Long-Term Debt ....................................................................................................................... 51 <br />L. Compensated Absences ............................................................................................................. 51 <br />M. Property Taxes ......................................................................................................................... 51 <br />N. Deferred Inflows/Outflows of Resources .................................................................................. 51 <br />O. Use of Estimates........................................................................................................................ 51 <br />P. Fair Value Measurements .......................................................................................................... 52 <br />Q. Implementation of New Governmental Accounting Standards Board <br /> (GASB) Pronouncements ....................................................................................................... 52 <br />NOTE 2 – CASH AND INVESTMENTS .............................................................................................. 53 <br />A. Cash Deposits ............................................................................................................................ 53 <br />B. Investments .............................................................................................................................. 54 <br />NOTE 3 – LOANS RECEIVABLE ........................................................................................................ 58 <br />NOTE 4 – LEASES .................................................................................................................................. 60 <br />NOTE 5 – INTERFUND TRANSACTIONS ......................................................................................... 61 <br />A. Interfund Receivables and Payables .......................................................................................... 61 <br />B. Long-Term Advances ................................................................................................................ 61 <br />C. Transfers .................................................................................................................................... 62 <br />D. Internal Balances ....................................................................................................................... 62 <br />NOTE 6 – CAPITAL ASSETS ............................................................................................................... 63 <br />A. Government-Wide Financial Statements .................................................................................. 63 <br />B. Funds Financial Statements ...................................................................................................... 65 <br />NOTE 7 – SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS ...... 65 <br />NOTE 8 – LONG-TERM DEBT ............................................................................................................. 66 <br />A. Governmental Activities Long-Term Debt .............................................................................. 66 <br />B. Long-Term Debt of Business-Type and Proprietary Funds ..................................................... 71 <br />C. Debt Covenants and Restrictions ............................................................................................. 73 <br />43