AgdaPkt 2017-12-18 Special Joint SA PFA

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City of Redwood City Management’s Discussion and Analysis For the fiscal year ended June 30, 2017 16 Capital Assets at fiscal Year-end (in Millions) Governmental Activities – Streets increased due to the completion of the Depot Circle improvements project, the Broadway roadway improvements project, and the City’s acceptance of developer improvements at several sites throughout the City. Equipment increased due to the replacement and addition of 18 vehicles through the equipment replacement program. Improvements increased due to the completion of a new citywide telephone system and the new HVAC at the Fair Oaks Community Center. Parks and bridges increased due to the completion of the renovation of Red Morton Park and the replacement of the synthetic turf fields and lighting systems. Traffic signals and Storm drains increased due to the City’s acceptance of developer improvements at several sites throughout the City. Construction in progress increased primarily due to work on the Blomquist extension project, the improvements to the Armory at Red Morton Park, renovations to several tennis courts, upgrades to the playground at the Redwood Shores Library, and the Linden Park renovation. Business-Type Activities –Equipment increased slightly due to the purchase of equipment at the Port. Increases in the improvements category were due to the completion of a portion of the replacement of the water distribution system, the sewer collection system, the sewer rehabilitation program, the collection system replacement program, and the utility relocation project in the Jefferson Garage. Construction in progress increased primarily due to work done on the Walnut Street Interceptor Replacement program. Governmental Business-Type Activities Activities Total 2017 2016 2017 2016 2017 2016 Variance $$$$$$ Land 31.397 31.397 3.180 3.180 34.577 34.577 0.00% Streets 116.873 114.667 116.873 114.667 1.92% Construction in progress 21.616 24.539 14.116 10.008 35.732 34.547 3.43% Buildings 83.309 83.309 62.467 62.467 145.776 145.776 0.00% Equipment 25.627 24.622 1.709 1.684 27.336 26.306 3.92% Improvements 9.049 7.884 201.516 196.336 210.565 204.220 3.11% Harbor improvements 4.774 4.774 4.774 4.774 0.00% Parks, bridges, etc.38.703 32.210 38.703 32.210 20.16% Traffic signals 3.096 2.641 3.096 2.641 17.23% Storm drains 12.420 12.190 12.420 12.190 1.89% Less accumulated depreciation (148.936)(139.895)(84.213)(78.376)(233.149)(218.271)6.82% Total capital assets 193.154 193.564 203.549 200.073 396.703 393.637 0.78% 6.1.E. - Page 39