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CITY OF REDWOOD CITY, CALIFORNIA
<br />GENERAL FUND
<br />COMPARATIVE BALANCE SHEET
<br />JUNE 30, 2017 AND 2016
<br />2017 2016
<br />ASSETS $$
<br />Cash and investments available for operations 40,428,443 35,852,795
<br />Receivables (net of allowance for uncollectibles):
<br /> Taxes and assessments ‐ current 6,269,171 9,141,396
<br /> Accounts 1,884,492 1,643,694
<br /> Loans 1,035,949 1,205,478
<br /> Accrued interest 640,653 279,016
<br /> Due from other governmental agencies 3,553,792 3,122,201
<br />Due from other funds 373,981
<br />Prepaid expenditures 95,865 86,385
<br /> Total Assets 54,282,346 51,330,965
<br />LIABILITIES
<br /> Accounts payable 3,701,631 3,984,399
<br /> Accrued payroll 2,374,210 4,352,304
<br /> Deposits payable 8,930,525 7,720,787
<br /> Due to other funds 839,137 503,870
<br /> Unearned revenue 6,028,080 6,301,397
<br /> Accrued sick leave and vacation ‐ current 36,254 30,137
<br /> Total Liabilities 21,909,837 22,892,894
<br />FUND BALANCE
<br />Nonspendable:
<br /> Loans 1,035,949 1,205,478
<br /> Inventory
<br /> Prepaid items 95,865 86,385
<br />Restricted for:
<br /> Other purposes 96,338 96,338
<br />Committed to:
<br /> General plan 837,563 837,563
<br />Assigned to:
<br /> Other purposes 884,838 978,967
<br />Unassigned:
<br /> City Council directed minimum balance 18,279,679 22,644,769
<br /> Residual balance 11,142,277 2,588,571
<br /> Total Fund Balance 32,372,509 28,438,071
<br /> Total Liabilities and Fund Balance 54,282,346 51,330,965
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<br />6.1.E. - Page 119
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