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6.1.D. -Page 52 CITY OF REDWOOD CITY, CALIFORNIA <br />RECONCILIATION OF THE <br />GOVERNMENTAL FUNDS - BALANCE SHEET <br />WITH THE STATEMENT OF NET POSITION <br />JUNE 30, 2016 <br />TOTAL FUND BALANCES -- TOTAL GOVERNMENTAL FUNDS <br />Amounts reported for Governmental Activities in the Statement of <br />Net Position are different from those reported in the Governmental Funds above because of the following: <br />CAPITAL ASSETS <br />Capital assets used in Governmental Activities are not current assets or financial resources and therefore are not <br />reported in the Governmental Funds. <br />ALLOCATION OF INTERNAL SERVICE FUND NET POSITION <br />Internal service funds are not governmental funds. However, they are used by management to charge the costs of certain activities, <br />such as insurance and central services and maintenance, to individual governmental funds. The assets and liabilities of the <br />Internal Service Funds are therefore included in Governmental Activities in the Statement of Net Position. <br />ACCRUAL OF NON-CURRENT REVENUES AND EXPENSES <br />The amounts below are revenues in the statement of activities that do not provide current financial resources and therefore <br />are not reported as revenues in the Funds: <br />Interest revenue <br />LONGTERM ASSETS AND LIABILITIES <br />The assets and liabilities below are not due and payable in the current period and therefore are not reported in the Funds: <br />Long-term debt <br />Interest payable <br />Accrued sick leave and vacation <br />Net OPEB obligation <br />Net Pension liability <br />DEFERRED OUTFLOWS OF RESOURCES - Deferred employer pension contributions <br />DEFERRED OUTFLOWS OF RESOURCES - Pension <br />DEFERRED INFLOWS INFLOWS OF RESOURCES - Pension <br />NET POSITION OF GOVERNMENTAL ACTIVITIES <br />See accompanying notes to financial statements <br />`fir <br />S <br />124,939,353 <br />184,594,448 <br />9,234,790 <br />1,035,962 <br />(1,711,586) <br />(6,461) <br />(10,052,545) <br />(5,997,462) <br />(147,255,515) <br />11,442,790 <br />155,127 <br />(6,687,525) <br />159,691,376 <br />