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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2024
<br />NOTE 6 – CAPITAL ASSETS (Continued)
<br />The following is a summary of capital assets for business-type activities:
<br />Balance Balance
<br />July 1, 2023 Additions Retirements Transfers June 30, 2024
<br />Non-Depreciable Assets:
<br />Land 5,234,310$ -$ (92,000)$ -$ 5,142,310$
<br />Construction in progress 8,998,172 2,515,739 -(778,164) 10,735,747
<br /> Total Non-Depreciable Assets 14,232,482 2,515,739 (92,000)(778,164) 15,878,057
<br />Depreciable Assets:
<br />Buildings 68,814,409 - (4,544,695)- 64,269,714
<br />Improvements 113,416 - -- 113,416
<br />Machinery and equipment 8,552,685 - (102,912)- 8,449,773
<br />Licensed vehicles 129,102 - -- 129,102
<br />Infrastructure 17,159,947 - (11,770)778,164 17,926,341
<br /> Total Depreciable Assets 94,769,559 (4,659,377)778,164 90,888,346
<br />Accumulated Depreciation:
<br />Buildings (15,888,315) (1,423,778) 3,193,289 - (14,118,804)
<br />Improvements (113,416)- -- (113,416)
<br />Machinery and equipment (3,958,523) (146,930)61,284 - (4,044,169)
<br />Licensed vehicles (46,715)(8,030)-- (54,745)
<br />Infrastructure (2,601,989) (315,536)-- (2,917,525)
<br /> Total Accumulated Depreciation (22,608,958) (1,894,274) 3,254,573 - (21,248,659)
<br /> Total Business-Type Activities
<br /> Capital Assets, Net 86,393,083$ 621,465$ (1,496,804)$ -$ 85,517,744$
<br />B.Funds Financial Statements
<br />The Funds Financial Statements do not present General Government Capital Assets but are shown in the
<br />Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of Net
<br />Position.
<br />NOTE 7 – SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS
<br />On July 1, 2022, the City entered into a 41 month subscription for the use of Accela. An initial
<br />subscription liability was recorded in the amount of $458,310. The City is required to make annual fixed
<br />payments of $113,367, and the subscription has an interest rate of .4310%.
<br />A summary of the City’s SBITA transactions for the fiscal year ended June 30, 2024 are as follows:
<br />Balance Balance Due Within
<br />June 30, 2023 Retirements June 30, 2024 One Year
<br />Governmental Activities
<br />Accela 345,618$ 228,048$ 117,570$ 117,570$
<br />Total SBITA Liabilities 345,618$ 228,048$ 117,570$ 117,570$
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