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<br /> CITY OF REDWOOD CITY, CALIFORNIA
<br /> GOVERNMENTAL FUNDS
<br /> BALANCE SHEET
<br /> JUNE 30, 2005
<br /> Capital Redevelopment Other Total
<br /> General Outlay Agency Governmental Governmental
<br /> Fund Fund Fund Funds Funds
<br /> $ $ $ $ $
<br /> ASSETS
<br />Cash and investments available for operations 38,206,461 9,867,292 10,946,231 29,086,954 88,106,938
<br />Cash and investments, restricted 14,746,390 9,946,395 15,121,872 39,814,657
<br />Receivables (net of allowance for un collectibles):
<br />Taxes and assessments - current 5,062,530 212,660 5,275,190
<br />Accounts 1,135,426 605 229,172 1,365,203
<br />Loans 3,126,426 1,300,000 1,257,778 5,908,276 11,592,480
<br />Accrued interest 809,867 25,666 98,929 104,364 1,038,826
<br />Due from other governmental agencies 894,128 146,157 959,325 1,999,610
<br />Inventory of supplies at cost 115 115
<br />Advances to other funds 90,700 3,051,157 3,141,857
<br />Deposits 377,500 377,500
<br />Prepaid expenditures 11,375 11,375
<br />Investment in land held for redevelopment 293,106 3,311,018 3,604,124
<br /> Total Assets 49,337,028 29,137,267 22,542,439 55,311,141 156,327,875
<br /> LIABILITIES
<br />Accounts payable 2,133,372 647,847 1,373,543 1,693,952 5,848,714
<br />Accrued payroll 2,930,721 2,930,721
<br />Deposits payable 3,344,473 57,500 2,979 61,274 3,466,226
<br />Deferred revenue 877,922 51,157 929,079
<br />Deferred loan revenue 11,643 461,310 472,953
<br />Advances from other funds 3,051,157 90,700 3,141,857
<br />Accrued sick leave and vacation 1,453,747 1,453,747
<br /> Total Liabilities 10,740,235 756,504 4,439,322 2,307,236 18,243,297
<br /> FUND BALANCES
<br />Reserved for:
<br />Encumbrances 736,447 1,152,046 11,552,671 4,702,105 18,143,269
<br />Loans 3,126,426 1,300,000 1,246,135 5,446,966 11,119,527
<br />Land held for redevelopment 293,106 3,311,018 3,604,124
<br />Low income housing 2,659,252 2,659,252
<br />Inventory 115 115
<br />Prepaid expenditures 11,375 11,375
<br />Advances to other funds 90,700 90,700
<br />Debt service 7,256,590 7,256,590
<br />General reserve 250,000 250,000
<br />Unreserved, reported in:
<br />General fund 34,381,730 34,381,730
<br />Special revenue funds 5,011,205 16,734,298 21,745,503
<br />Debt service funds (29,697) (29,697)
<br />Capital projects funds 25,928,717 12,923,373 38,852,090
<br /> TOTAL FUND BALANCES 38,596,793 28,380,763 18,103,117 53,003,905 138,084,578
<br /> Total Liabilities and Fund Balances 49,337,028 29,137,267 22,542,439 55,311,141 156,327,875
<br /> See accompanying notes to financial statements
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