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6.1.E. - Page 49 CITY OF REDWOOD CITY,CALIFORNIA
<br /> STATEMENT OF NET POSITION
<br /> JUNE 30,2015
<br /> Governmental Business-Type
<br /> Activities Activities Total
<br /> $ $ $
<br /> ASSETS
<br /> Cash and investments available for operations 150,980,559 81,224,705 232,205,264
<br /> Cash and investments,restricted 5,350,110 6,545,758 11,895,868
<br /> Receivables(net of allowance for uncollectibles):
<br /> Taxes and assessments-current 7,778,309 7,778,309
<br /> Accounts 2,484,626 4,663,043 7,147,669
<br /> Loans 8,355,596 8,355,596
<br /> Accrued interest 1,384,111 21,936 1,406,047
<br /> Due from other governmental agencies 4,987,893 2,869,052 7,856,945
<br /> Internal balances 2,400,000 (2,400,000)
<br /> Advances to RDA successor agency 3,957,246 3,957,246
<br /> Inventory of supplies at cost 120,468 120,468
<br /> Deposits 675,000 10,360 685,360
<br /> Prepaid items and other assets 60,086 1,267,029 1,327,115
<br /> Investment in land held for redevelopment 5,741,208 5,741,208
<br /> Investment in sewer authority 28,951,223 28,951,223
<br /> Investment in sewer capacity rights 400,000 400,000
<br /> Capital assets:
<br /> Nondepreciable 47,420,399 10,667,638 58,088,037
<br /> Depreciable buildings,property,equipment and infrastructure,net 139,401,024 184,665,143 324,066,167
<br /> Total assets 381,096,635 318,885,887 699,982,522
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred charge on refundings 1,897,667 1,897,667
<br /> Deferred employer pension contributions 15,005,816 1,461,301 16,467,117
<br /> Total deferred outflows of resources 15,005,816 3,358,968 18,364,784
<br /> LIABILITIES
<br /> Accounts payable 6,626,262 4,735,619 11,361,881
<br /> Accrued interest payable 16,431 890,215 906,646
<br /> Accrued payroll 3,867,082 3,867,082
<br /> Deposits payable 6,637,479 1,181,816 7,819,295
<br /> Due to other governmental agencies 10,305,220 10,305,220
<br /> Unearned revenue 2,591,166 3,041,318 5,632,484
<br /> Insurance claims payable:
<br /> Due in one year 4,277,299 4,277,299
<br /> Due in more than one year 16,626,259 16,626,259
<br /> Accrued sick leave and vacation:
<br /> Due in one year 472,360 432,223 904,583
<br /> Due in more than one year 10,123,219 422,953 10,546,172
<br /> Net OPEB obligation 6,488,784 675,931 7,164,715
<br /> Net Pension liability 149,133,516 15,015,468 164,148,984
<br /> Long-Term Debt:
<br /> Due in one year 666,814 2,731,029 3,397,843
<br /> Due in more than one year 1,711,586 75,017,600 76,729,186
<br /> Total liabilities 219,543,477 104,144,172 323,687,649
<br /> DEFERRED INFLOWS OF RESOURCES
<br /> Pension related amounts 26,306,319 2,908,327 29,214,646
<br /> Total deferred inflows of resources 26,306,319 2,908,327 29,214,646
<br /> NET POSITION
<br /> Net investment in capital assets 184,443,023 125,259,418 309,702,441
<br /> Restricted for:
<br /> Capital projects 35,389,794 433,476 35,823,270
<br /> Debt service 5,308,079 5,308,079
<br /> Community development projects 17,469,257 17,469,257
<br /> Maintenance 4,930,957 4,930,957
<br /> Public safety 72,392 72,392
<br /> Total restricted 57,862,400 5,741,555 63,603,955
<br /> Unrestricted (92,052,768) 84,191,383 (7,861,385)
<br /> Total net position 150,252,655 215,192,356 365,445,011
<br /> See accompanying notes to financial statements
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