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CITY OF REDWOOD CITY, CALIFORNIA
<br />INTERNAL SERVICE FUNDS
<br />COMBINING STATEMENT OF NET POSITION
<br />JUNE 30, 2017
<br /> Equipment Self Internal Employee
<br /> Services Insurance Services Benefits
<br /> Fund Fund Fund Fund Total
<br />ASSETS $$$$$
<br />Current assets:
<br /> Cash and investments available for operations 13,863,057 25,051,041 503,130 1,605,491 41,022,719
<br /> Receivables (net of allowance for uncollectibles):
<br /> Accounts 61,658 61,658
<br /> Accrued interest 8,212 8,212
<br /> Due from other governmental agencies 41,797 240,056 281,853
<br /> Due from other funds 300,000 300,000
<br /> Inventory of supplies at cost 120,852 120,852
<br /> Deposits 535,000 535,000
<br /> Prepaid items and other assets 20,220 51,504 71,724
<br /> Total current assets 14,354,138 25,647,699 794,690 1,605,491 42,402,018
<br />Noncurrent assets:
<br /> Advances to other funds 1,500,000 1,500,000
<br /> Capital assets:
<br /> Construction in progress 199,647 199,647
<br /> Equipment, net 7,599,747 720,319 8,320,066
<br /> Net capital assets 7,799,394 720,319 8,519,713
<br /> Total noncurrent assets 9,299,394 720,319 10,019,713
<br /> Total assets 23,653,532 25,647,699 1,515,009 1,605,491 52,421,731
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred outflows ‐ pension 245,600 103,245 1,934,144 2,282,989
<br />Deferred pension contributions 156,169 65,637 1,114,529 1,336,335
<br /> 'Total deferred outflows of resources 401,769 168,882 3,048,673 3,619,324
<br />LIABILITIES
<br />Current liabilities:
<br /> Accounts payable 124,384 260,377 209,261 517 594,539
<br /> Insurance claims payable ‐ current portion 4,674,166 4,674,166
<br /> Accrued sick leave and vacation ‐ current portion 41,699 365,671 407,370
<br /> Unearned revenue
<br /> Total current liabilities 166,083 4,934,543 574,932 517 5,676,075
<br />Noncurrent liabilities:
<br /> Insurance claims payable 19,096,327 19,096,327
<br /> Accrued sick leave and vacation 80,594 523,212 603,806
<br /> Net OPEB obligation 74,492 25,994 390,836 491,322
<br /> Net pension liability 1,878,239 819,314 14,898,913 17,596,466
<br /> Total noncurrent liabilities 2,033,325 19,941,635 15,812,961 37,787,921
<br /> Total liabilities 2,199,408 24,876,178 16,387,893 517 43,463,996
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows ‐ pension actuarial 26,127 11,941 378,879 416,947
<br />NET POSITION
<br />Invested in capital assets 7,799,394 720,319 8,519,713
<br />Unrestricted 14,030,372 928,462 (12,923,409) 1,604,974 3,640,399
<br />Total net position 21,829,766 928,462 (12,203,090) 1,604,974 12,160,112
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<br />6.1.E. - Page 143
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