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CITY OF PLEASANTON <br /> <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />FOR THE YEAR ENDED JUNE 30, 2022 <br /> <br />  <br />Note 1: Summary of Significant Accounting Policies (Continued) <br /> <br />This statement requires recognition of certain lease assets and liabilities for leases that were <br />previously classified as operating leases and recognizes inflows or outflows of resources <br />based on the payment provisions of the lease contracts. In GASB Statement No. 87, a lessee <br />is required to recognize a lease liability and an intangible right-to-use lease asset, and a <br />lessor is required to recognize a lease receivable and deferred inflow of resources. <br /> <br />Impact to Beginning Net <br />Position for Fiscal Year <br />Ended June 30, 2022 <br />Lease receivable 7,402,413$ <br />Deferred inflow of resources (7,402,413) <br />-$ <br /> <br />Note 2: Cash and Investments <br /> <br />The City maintains a cash and investments pool, which includes cash balances and authorized <br />investments of all funds, that is available for use by all funds. <br /> <br />The following is a summary of pooled cash and investments at June 30, 2022: <br /> <br />Fiduciary <br />Funds <br />Governmental <br />Activities <br />Business Type <br />Activities <br />Statement of <br />Net Position Total <br />176,375,880$ 54,560,360$ 9,244,530$ 240,180,770$ <br />43,293,783 438,935 - 43,732,718 <br />219,669,663$ 54,999,295$ 9,244,530$ 283,913,488$ <br />Cash and Investments <br />Restricted Cash and Investments <br />Total Cash and Investments <br />Government - Wide <br />Statement of Net Postion <br /> <br /> <br />Restricted Cash and Investments includes the $43,293,783 PARS Trust, which is the City’s <br />Section 115 Pension Trust Fund (see Note 11a) and the $438,935 debt service reserve related <br />to the Water Revenue Bonds Series 2017 (see Note 6b). <br /> <br />64