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<br />CITY OF REDWOOD CITY, CALIFORNIA
<br /> INTERNAL SERVICE FUNDS
<br />COMBINING STATEMENT OF NET ASSETS
<br /> JUNE 30, 2005
<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 6,056,922 7,307,613 869,754 507,837 14,742,126
<br />Receivables (net of allowance for uncollectibles):
<br />Accounts 24,870 2,500 27,370
<br />Due from other governmental agencies 25,153 58,778 83,931
<br />Inventory of supplies at cost 242,733 242,733
<br />Deposits 285,000 10,603 295,603
<br />Total current assets 6,349,678 7,592,613 931,032 518,440 15,391,763
<br />Noncurrent assets:
<br />Capital assets:
<br />Equipment, net 5,286,246 293,335 5,579,581
<br />Net capital assets 5,286,246 293,335 5,579,581
<br />Total noncurrent assets 5,286,246 293,335 5,579,581
<br />Total assets 11,635,924 7,592,613 1,224,367 518,440 20,971,344
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable 300,885 170,251 88,238 58,620 617,994
<br />Insurance claims payable 8,953,720 8,953,720
<br />Accrued sick leave and vacation - current portion 54,962 226,504 281,466
<br />Total current liabilities 355,847 9,123,971 314,742 58,620 9,853,180
<br />Noncurrent liabilities:
<br />Accrued sick leave and vacation 122,01l 343,824 465,835
<br />Total noncurrent liabilities 122,01l 343,824 465,835
<br />Total liabilities 122,oI 1 343,824 465,835
<br />NET ASSETS
<br />Invested in capital assets, net of related debt 5,286,246 293,335 5,579,581
<br />Unrestricted 5,871,820 (1,531,358) 272,466 459,820 5,072,748
<br />Total net assets 11,158,066 (1,531,358) 565,801 459,820 10,652,329
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<br />88
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