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6.G. - Page 59 of 187
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />PROPRIETARY FUNDS
<br />STATEMENT OF NET POSITION
<br />JUNE 30, 2018
<br />Business -Type Activities -Enterprise Funds
<br />Governmental
<br />Water
<br />Sewer
<br />Non -Major
<br />Activities -
<br />Utility
<br />Utility
<br />Parking
<br />Port of
<br />Docktown
<br />Internal Service
<br />Fund
<br />Fund
<br />Fund
<br />Redwood City
<br />Marina
<br />Totals
<br />Funds
<br />ASSETS
<br />Current assets:
<br />Cash and investments available for operations
<br />32,947,585
<br />35,619,844
<br />6,211,013
<br />12,572,821
<br />2,687,986
<br />90,039,249
<br />39,285,438
<br />Receivables (net of allowance for uncollectibles)
<br />Accounts
<br />3,598,556
<br />1,760,706
<br />326,891
<br />1,622,710
<br />27,595
<br />7,336,458
<br />8,652
<br />Accrued interest
<br />4
<br />4
<br />14,133
<br />Due from other governmental agencies
<br />1,434,042
<br />1,434,042
<br />279,751
<br />Due from other funds
<br />300,000
<br />Inventory of supplies at cost
<br />127,429
<br />Deposits
<br />10,360
<br />10,360
<br />610,000
<br />Prepaid items and other assets
<br />24,498
<br />9,704
<br />6,205
<br />319,109
<br />359,516
<br />53,228
<br />Total current assets
<br />36,581,003
<br />38,824,296
<br />6,544,109
<br />14,514,640
<br />2,715,581
<br />99,179,629
<br />40,678,631
<br />Noncurrent assets:
<br />Cash and investments, restricted
<br />17,560
<br />8,709,361
<br />1,072,328
<br />9,799,249
<br />Advances to other funds
<br />1,700,000
<br />1,700,000
<br />7,200,000
<br />Investment in sewer authority
<br />37,275,076
<br />37,275,076
<br />Investment in sewer capacity rights
<br />400,000
<br />400,000
<br />Investment in property held for redevelopment
<br />709,180
<br />709,180
<br />Capital assets:
<br />Nondepreciable
<br />3,604,613
<br />9,982,770
<br />2,402,275
<br />5,528,826
<br />21,518,484
<br />575,463
<br />Depreciable buildings, property, equipment
<br />and infrastructure, net
<br />110,713,705
<br />29,867,305
<br />21,532,644
<br />34,779,816
<br />48,388
<br />196,941,858
<br />8,494,150
<br />Total noncurrent assets
<br />114,335,878
<br />77,125,151
<br />34,344,280
<br />41,780,970
<br />757,568
<br />268,343,847
<br />16,269,613
<br />Total assets
<br />150,916,881
<br />115,949,447
<br />40,888,389
<br />56,295,610
<br />3,473,149
<br />367,523,476
<br />56,948,244
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred charge on refundings
<br />1,373,221
<br />214,333
<br />1,587,554
<br />Deferred outflows - pension
<br />1,652,243
<br />834,301
<br />382,478
<br />455,073
<br />75,846
<br />3,399,941
<br />2,717,056
<br />Deferred employer pension contributions
<br />836,350
<br />422,316
<br />202,844
<br />230,354
<br />38,392
<br />1,730,256
<br />1,375,349
<br />Deferred employer OPEB contributions
<br />347,668
<br />178,957
<br />84,014
<br />6,300
<br />616,939
<br />588,098
<br />Total deferred outflows of resources
<br />4,209,482
<br />1,435,574
<br />669,336
<br />906,060
<br />114,238
<br />7,334,690
<br />4,680,503
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable
<br />5,199,754
<br />1,990,870
<br />356,854
<br />940,040
<br />52,406
<br />8,539,924
<br />510,883
<br />Deposits payable
<br />1,047,099
<br />20,310
<br />297,524
<br />17,895
<br />1,382,828
<br />Due to other funds
<br />300,000
<br />300,000
<br />Insurance claims payable - current portion
<br />4,674,166
<br />Accrued sick leave and vacation - current portion
<br />223,293
<br />101,608
<br />54,096
<br />96,524
<br />2,281
<br />477,802
<br />429,189
<br />Revenue bonds payable - current portior
<br />2,000,000
<br />825,605
<br />2,825,605
<br />Unearned revenue
<br />1,956,324
<br />81,886
<br />175,385
<br />2,213,595
<br />Accrued interest payable
<br />833,201
<br />44,777
<br />877,978
<br />Total current liabilities-
<br />11,559,671
<br />2,092,478
<br />513,146
<br />2,379,855
<br />72,582
<br />16,617,732
<br />5,614,238
<br />Noncurrent liabilities:
<br />Insurance claims payable
<br />21,872,517
<br />Accrued sick leave and vacation
<br />263,434
<br />108,036
<br />111,491
<br />4
<br />482,965
<br />641,421
<br />Advances from other funds
<br />1,200,000
<br />7,700,000
<br />8,900,000
<br />Net OPEB Liability
<br />2,918,489
<br />1,502,248
<br />705,254
<br />656,195
<br />5,782,186
<br />4,936,777
<br />Net Pension liability
<br />11,899,760
<br />6,008,790
<br />2,675,266
<br />3,277,522
<br />546,254
<br />24,407,592
<br />19,568,735
<br />Revenue bonds payable
<br />48,262,455
<br />12,798,339
<br />61,060,794
<br />Total noncurrent liabilities
<br />64,544,138
<br />7,619,074
<br />3,492,011
<br />16,732,056
<br />8,246,258
<br />100,633,537
<br />47,019,450
<br />Total liabilities
<br />76,103,809
<br />9,711,552
<br />4,005,157
<br />19,111,911
<br />8,318,840
<br />117,251,269
<br />52,633,688
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows -OPEB
<br />29,100
<br />14,978
<br />7,032
<br />57,339
<br />108,449
<br />49,223
<br />Deferred inflows - pension
<br />15,444
<br />15,444
<br />Total deferred inflows of resources
<br />29,100
<br />14,978
<br />22,476
<br />57,339
<br />123,893
<br />49,223
<br />NET POSITION
<br />Net investment in capital assets
<br />65,429,084
<br />39,850,075
<br />23,934,919
<br />32,676,004
<br />48,388
<br />161,938,470
<br />9,069,613
<br />Restricted for capital projects
<br />8,709,361
<br />8,709,361
<br />Restricted for debt service
<br />833,822
<br />833,822
<br />Unrestricted
<br />13,564,370
<br />67,808,416
<br />4,885,812
<br />4,522,594
<br />(4,779,841)
<br />86,001,351
<br />(123,777)
<br />Total net position
<br />78,993,454
<br />107,658,491
<br />37,530,092
<br />38,032,420
<br />(4,731,453)
<br />257,483,004
<br />8,945,836
<br />See accompanying
<br />notes to financial statements
<br />238
<br />32
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