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CITY OF REDWOOD CITY,CALIFORNIA 6.1.E. - Page 58
<br /> PROPRIETARY FUNDS
<br /> STATEMENT OF NET POSITION
<br /> JUNE 30,2015
<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 28,274,204 27,497,483 10,655,768 14,763,895 33,355 81,224,705 32,808,120
<br /> Receivables(net of allowance for uncollectibles):
<br /> Accounts 2,536,139 1,541,819 13,168 568,321 3,596 4,663,043 506,000
<br /> Accrued interest 21,936 21,936 3,332
<br /> Due from other governmental agencies 981,898 1,740,370 146,784 2,869,052 234,533
<br /> Due from other funds 300,000
<br /> Inventory of supplies at cost 120,047
<br /> Deposits 10,360 10,360 675,000
<br /> Prepaid items and other assets 36,075 883,821 339,633 7,500 1,267,029 8,744
<br /> Total current assets 31,860,612 31,663,493 10,668,936 15,818,633 44,451 90,056,125 34,655,776
<br /> Noncurrent assets:
<br /> Cash and investments,restricted 5,492,467 1,053,291 6,545,758
<br /> Advances to other funds 2,100,000
<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 1,196,067 3,171,554 555,663 5,744,354 10,667,638
<br /> Depreciable buildings,property,equipment
<br /> and infrastructure,net 109,738,653 23,464,261 22,476,371 28,840,694 145,164 184,665,143 9,153,860
<br /> Total noncurrent assets 116,427,187 55,587,038 23,032,034 36,038,339 145,164 231,229,762 11,253,860
<br /> Total assets 148,287,799 87,250,531 33,700,970 51,856,972 189,615 321,285,887 45,909,636
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred charge on refundings 1,629,766 267,901 1,897,667
<br /> Deferred employer pension contributions 716,462 340,197 218,990 158,716 26,936 1,461,301 1,299,145
<br /> Total deferred outflows of resources 2,346,228 340,197 218,990 426,617 26,936 3,358,968 1,299,145
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 2,911,875 1,315,966 38,433 467,326 2,019 4,735,619 1,000,649
<br /> Deposits payable 934,780 41,634 162,947 42,455 1,181,816
<br /> Due to other funds 300,000 300,000
<br /> Insurance claims payable-current portion 4,277,299
<br /> Accrued sick leave and vacation-current portion 224,844 84,821 34,786 87,772 432,223 379,703
<br /> Revenue bonds payable-current portion 1,995,000 736,029 2,731,029
<br /> Unearned revenue 2,866,113 175,205 3,041,318
<br /> Accrued interest payable 837,613 52,602 890,215
<br /> Total current liabilities 10,070,225 1,400,787 114,853 1,681,881 44,474 13,312,220 5,657,651
<br /> Noncurrent liabilities:
<br /> Insurance claims payable 16,626,259
<br /> Accrued sick leave and vacation 259,708 107,551 55,694 422,953 606,676
<br /> Advances from other funds 2,100,000 2,100,000
<br /> Net OPEB obligation 306,124 115,029 52,540 202,238 675,931 491,322
<br /> Net Pension liability 7,419,482 3,519,679 2,154,562 1,640,170 281,575 15,015,468 13,375,912
<br /> Revenue bonds payable 59,827,605 15,189,995 75,017,600
<br /> Total noncurrent liabilities 69,912,919 3,742,259 2,262,796 17,032,403 281,575 93,231,952 31,100,169
<br /> Total liabilities 79,983,144 5,143,046 2,377,649 18,714,284 326,049 106,544,172 36,757,820
<br /> DEFERRED INFLOWS OF RESOURCES
<br /> Pension related amounts 1,465,237 695,083 368,493 323,908 55,606 2,908,327 2,603,756
<br /> NET POSITION
<br /> Net investment in capital assets 49,112,115 26,635,815 23,032,034 26,334,290 145,164 125,259,418 9,153,860
<br /> Restricted for capital projects 433,476 433,476
<br /> Restricted for debt service 4,507,165 800,914 5,308,079
<br /> Unrestricted 15,566,366 55,116,784 7,708,308 6,110,193 (310,268) 84,191,383 (1,306,655)
<br /> Total net position 69,185,646 81,752,599 31,173,818 33,245,397 (165,104) 215,192,356 7,847,205
<br /> See accompanying notes to financial statements
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