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CITY OF REDWOOD CITY, CALIFORNIA 7.1.A. - Page 57
<br /> PROPRIETARY FUNDS
<br /> STATEMENT OF NET POSITION
<br /> JUNE 30, 2014
<br /> Business -Type Activities - Enterprise Funds Governmental
<br /> Water Sewer Non -Major Activities -
<br /> Utility Utility Parking Port of Docktown Internal Service
<br /> Fund Fund Fund Redwood City Marina Totals Funds
<br /> $ $ $ $ $ $ $
<br /> ASSETS
<br /> Current assets:
<br /> Cash and investments available for operations 22,523,644 21,643,469 10,811,231 16,796,818 46,542 71,821,704 29,527,827
<br /> Receivables (net of allowance for uncollectibles):
<br /> Accounts 2,977,431 1,538,023 18,432 382,709 28,585 4,945,180 98,703
<br /> Accrued interest 22,806 22,806 2,946
<br /> Due from other governmental agencies 415,612 843,156 373,807 1,632,575 267,816
<br /> Due from other funds 300,000
<br /> Inventory of supplies at cost 150,818
<br /> Deposits 10,360 320,483 330,843 275,000
<br /> Prepaid items and other assets 104,945 30,870 332,894 7,500 476,209 11,450
<br /> Total current assets 26,054,798 24,024,648 11,181,016 17,886,228 82,627 79,229,317 30,634,560
<br /> Noncurrent assets:
<br /> Cash and investments, restricted 5,752,450 1,715,496 7,467,946
<br /> Advances to other funds 2,400,000
<br /> Investment in sewer authority 32,111,141 400,000 32,511,141
<br /> Capital assets:
<br /> Nondepreciable 1,059,997 568,672 555,663 21,999,800 24,184,132
<br /> Depreciable buildings, property, equipment
<br /> and infrastructure, net 109,915,914 22,660,846 23,055,474 11,225,254 177,422 167,034,910 9,388,177
<br /> Total noncurrent assets 116,728,361 55,340,659 23,611,137 35,340,550 177,422 231,198,129 11,788,177
<br /> Total assets 142,783,159 79,365,307 34,792,153 53,226,778 260,049 310,427,446 42,422,737
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred charge on refundings 1,610,648 1,610,648
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 1,748,677 1,326,668 64,305 1,732,440 12,122 4,884,212 643,398
<br /> Deposits payable 917,996 360,197 160,802 37,366 1,476,361
<br /> Due to other funds 300,000 300,000
<br /> Insurance claims payable - current portion 3,922,579
<br /> Accrued sick leave and vacation - current portion 192,643 63,476 43,655 94,731 394,505 344,084
<br /> Revenue bonds payable - current portion 1,905,000 675,795 2,580,795
<br /> Loans /leases payable - current portion 34,546 34,546
<br /> Unearned revenue 2,533,818 175,117 2,708,935 42,527
<br /> Accrued interest payable 1,116,009 66,304 1,182,313
<br /> Total current liabilities 8,714,143 1,390,144 468,157 2,939,735 49,488 13,561,667 4,952,588
<br /> Noncurrent liabilities:
<br /> Insurance claims payable 14,532,144
<br /> Accrued sick leave and vacation 252,234 88,394 67,398 408,026 579,175
<br /> Advances from other funds 2,400,000 2,400,000
<br /> Net OPEB obligation 306,124 115,029 52,540 172,132 645,825 491,322
<br /> Revenue bonds payable 61,636,578 16,175,497 77,812,075
<br /> Loans payable 389,944 389,944
<br /> Total noncurrent liabilities 64,594,936 203,423 119,938 16,737,573 81,655,870 15,602,641
<br /> Total liabilities 73,309,079 1,593,567 588,095 19,677,308 49,488 95,217,537 20,555,229
<br /> NET POSITION
<br /> Net investment in capital assets 47,434,333 23,229,518 23,611,137 23,475,092 177,422 117,927,502 9,388,177
<br /> Restricted for capital projects 429,961 429,961
<br /> Restricted for debt service 4,647,309 1,475,738 6,123,047
<br /> Unrestricted 19,003,086 54,542,222 10,162,960 8,598,640 33,139 92,340,047 12,479,331
<br /> Total net position 71,084,728 77,771,740 34,204,058 33,549,470 210,561 216,820,557 21,867,508
<br /> See accompanying notes to financial statements
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