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6. 1. D. - Page 56
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />PROPRIETARY FUNDS
<br />STATEMENT
<br />OF NET POSITION
<br />JUNE 30, 2016
<br />Business -Type Activities -Enterprise Funds
<br />Governmental
<br />Water
<br />Sewer
<br />Non -Major
<br />Activities -
<br />Utility
<br />Utility
<br />Parking
<br />Port of
<br />Docktown
<br />Internal Service
<br />Fund
<br />Fund
<br />Fund
<br />Redwood City
<br />Marina
<br />Totals
<br />Funds
<br />ASSETS
<br />Current assets:
<br />Cash and investments available for operations
<br />31,306,204
<br />25,342,608
<br />10,022,281
<br />14,964,469
<br />2,947,246
<br />84,582,808
<br />36,354,579
<br />Receivables (net of allowance for uncollectibles):
<br />Accounts
<br />2,944,782
<br />1,709,370
<br />55,367
<br />725,185
<br />8,227
<br />5,442,931
<br />225,046
<br />Accrued interest
<br />23,507
<br />23,507
<br />5,759
<br />Due from other governmental agencies
<br />185,220
<br />990,546
<br />1,175,766
<br />209,802
<br />Due from other funds
<br />300,000
<br />Inventory of supplies at cost
<br />124,323
<br />Deposits
<br />10,360
<br />10,360
<br />530,000
<br />Prepaid items and other assets
<br />40,686
<br />969,354
<br />299,081
<br />1,309,121
<br />49,965
<br />Total current assets
<br />34,510,759
<br />29,011,878
<br />10,077,648
<br />15,988,735
<br />2,955,473
<br />92,544,493
<br />37,799,474
<br />Noncurrent assets:
<br />Cash and investments, restricted
<br />5,391,178
<br />438,201
<br />1,056,476
<br />6,885,855
<br />Advances to other funds
<br />1,800,000
<br />Investment in sewer authority
<br />39,710,068
<br />39,710,068
<br />Investment in sewer capacity rights
<br />400,000
<br />400,000
<br />Capital assets:
<br />Nondepreciable
<br />2,591,000
<br />3,797,731
<br />1,427,221
<br />5,372,651
<br />13,188,603
<br />434,894
<br />Depreciable buildings, property, equipment
<br />and infrastructure, net
<br />108,632,668
<br />26,237,651
<br />21,897,271
<br />30,004,199
<br />112,905
<br />186,884,694
<br />8,534,436
<br />Total noncurrent assets
<br />116,614,846
<br />69,745,450
<br />23,762,693
<br />36,833,326
<br />112,905
<br />247,069,220
<br />10,769,330
<br />Total assets
<br />151,125,605
<br />98,757,328
<br />33,840,341
<br />52,822,061
<br />3,068,378
<br />339,613,713
<br />48,568,804
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred charge on refundings
<br />1,544,251
<br />250,045
<br />1,794,296
<br />Deferred employer pension contributions
<br />1,645,828
<br />802,410
<br />424,768
<br />165,636
<br />88,716
<br />3,127,358
<br />2,792,631
<br />Total deferred outflows of resources
<br />3,190,079
<br />802,410
<br />424,768
<br />415,681
<br />88,716
<br />4,921,654
<br />2,792,631
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable
<br />3,474,483
<br />1,792,117
<br />456,298
<br />535,266
<br />40,277
<br />6,298,441
<br />608,698
<br />Deposits payable
<br />971,088
<br />13,200
<br />162,693
<br />42,467
<br />1,189,448
<br />Due to other funds
<br />300,000
<br />300,000
<br />Insurance claims payable - current portion
<br />4,277,299
<br />Accrued sick leave and vacation - current portion
<br />243,611
<br />87,006
<br />71,476
<br />402,093
<br />379,703
<br />Revenue bonds payable - current portion
<br />2,080,000
<br />771,916
<br />2,851,916
<br />Unearned revenue
<br />1,956,324
<br />81,886
<br />175,280
<br />2,213,490
<br />Accrued interest payable
<br />985,866
<br />48,780
<br />1,034,646
<br />Total current liabilities
<br />10,011,372
<br />1,879,123
<br />622,860
<br />1,693,935
<br />82,744
<br />14,290,034
<br />5,265,700
<br />Noncurrent liabilities:
<br />Insurance claims payable
<br />18,839,543
<br />Accrued sick leave and vacation
<br />243,611
<br />87,006
<br />71,476
<br />402,093
<br />576,455
<br />Advances from other funds
<br />1,800,000
<br />1,800,000
<br />Net OPEB obligation
<br />306,124
<br />115,029
<br />52,540
<br />230,756
<br />704,449
<br />491,322
<br />Net Pension liability
<br />8,054,634
<br />3,838,315
<br />2,308,773
<br />1,781,952
<br />327,563
<br />16,311,237
<br />14,370,110
<br />Revenue bonds payable
<br />57,542,450
<br />14,419,581
<br />71,962,031
<br />Total noncurrent liabilities
<br />67,946,819
<br />4,040,350
<br />2,432,789
<br />16,432,289
<br />327,563
<br />91,179,810
<br />34,277,430
<br />Total liabilities
<br />77,958,191
<br />5,919,473
<br />3,055,649
<br />18,126,224
<br />410,307
<br />105,469,844
<br />39,543,130
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows - pension
<br />1,453,308
<br />689,268
<br />373,593
<br />120,882
<br />54,962
<br />2,692,013
<br />2,583,515
<br />NET POSITION
<br />Net investment in capital assets
<br />51,601,217
<br />30,035,382
<br />23,324,492
<br />27,495,638
<br />112,905
<br />132,569,634
<br />8,969,330
<br />Restricted for capital projects
<br />438,201
<br />438,201
<br />Restricted for debt service
<br />4,405,312
<br />818,953
<br />5,224,265
<br />Unrestricted
<br />18,897,656
<br />62,915,615
<br />7,073,174
<br />6,676,045
<br />2,578,920
<br />98,141,410
<br />265,460
<br />Total net position
<br />74,904,185
<br />92,950,997
<br />30,835,867
<br />34,990,636
<br />2,691,825
<br />236,373,510
<br />9,234,790
<br />See accompanying notes to financial statements
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