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7.1.A. - Page 48 CITY OF REDWOOD CITY, CALIFORNIA
<br /> STATEMENT OF NET POSITION
<br /> JUNE 30, 2014
<br /> Governmental Business -Type
<br /> Activities Activities Total
<br /> $ $ $
<br /> ASSETS
<br /> Cash and investments available for operations 126,898,699 71,821,704 198,720,403
<br /> Cash and investments, restricted 5,477,181 7,467,946 12,945,127
<br /> Receivables (net of allowance for uncollectibles):
<br /> Taxes and assessments - current 8,135,667 8,135,667
<br /> Accounts 1,709,705 4,945,180 6,654,885
<br /> Loans 9,269,332 9,269,332
<br /> Accrued interest 1,024,089 22,806 1,046,895
<br /> Due from other governmental agencies 4,290,213 1,632,575 5,922,788
<br /> Internal balances 2,700,000 (2,700,000)
<br /> Advances to RDA successor agency 3,957,246 3,957,246
<br /> Inventory of supplies at cost 152,106 152,106
<br /> Deposits 275,000 330,843 605,843
<br /> Prepaid items and other assets 84,443 476,209 560,652
<br /> Investment in land held for redevelopment 5,741,208 5,741,208
<br /> Investment in sewer authority 32,511,141 32,511,141
<br /> Capital assets:
<br /> Nondepreciable 41,858,589 24,184,132 66,042,721
<br /> Depreciable buildings, property, equipment and infrastructure, net 145,801,258 167,034,910 312,836,168
<br /> Total assets 357,374,736 307,727,446 665,102,182
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred charge on refundings 1,610,648 1,610,648
<br /> Total deferred outflows of resources 1,610,648 1,610,648
<br /> LIABILITIES
<br /> Accounts payable 4,543,428 4,884,212 9,427,640
<br /> Accrued interest payable 21,017 1,182,313 1,203,330
<br /> Accrued payroll 3,248,659 3,248,659
<br /> Deposits payable 5,321,031 1,476,361 6,797,392
<br /> Due to other governmental agencies 10,305,220 10,305,220
<br /> Unearned revenue 2,044,718 2,708,935 4,753,653
<br /> Insurance claims payable:
<br /> Due in one year 3,922,579 3,922,579
<br /> Due in more than one year 14,532,144 14,532,144
<br /> Accrued sick leave and vacation:
<br /> Due in one year 346,856 394,505 741,361
<br /> Due in more than one year 9,633,123 408,026 10,041,149
<br /> Net OPEB obligation due in more than one year 6,488,784 645,825 7,134,609
<br /> Long -Term Debt:
<br /> Due in one year 656,858 2,615,341 3,272,199
<br /> Due in more than one year 2,378,400 78,202,019 80,580,419
<br /> Total liabilities 63,442,817 92,517,537 155,960,354
<br /> NET POSITION
<br /> Net investment in capital assets 184,624,589 117,927,502 302,552,091
<br /> Restricted for:
<br /> Capital projects 27,531,183 429,961 27,961,144
<br /> Debt service 6,123,047 6,123,047
<br /> Community development projects 16,367,817 16,367,817
<br /> Maintenance 5,258,017 5,258,017
<br /> Public safety 111,793 111,793
<br /> Total restricted 49,268,810 6,553,008 55,821,818
<br /> Unrestricted 60,038,520 92,340,047 152,378,567
<br /> Total net position 293,931,919 216,820,557 510,752,476
<br /> See accompanying notes to financial statements
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