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CITY OF REDWOOD CITY,CALIFORNIA
<br /> GENERAL FUND
<br /> COMPARATIVE BALANCE SHEET
<br /> JL1NE 30,2007 AND 2006
<br /> 2007 2006
<br /> ASSETS $ $
<br /> Cash and investments available for operations 40,879,510 39,791,713
<br /> Receivables(net of allowance for uncollectibles):
<br /> Taxes and assessments-current 6,023,890 6,243,796
<br /> Accounts 1,286,995 1,325,284
<br /> Loans 2,813,853 2,980,790
<br /> Accrued interest 974,046 847,044
<br /> Due from other governmental agencies 1,511,036 821,242
<br /> Inventory of supplies at cost 1,642 1,409
<br /> Prepaid expenditures 449,879
<br /> Total Assets 53,940,851 52,011,278
<br /> LIABILITIES
<br /> Accounts payable 2,153,064 2,077,942
<br /> Accrued payroll 1,470,849 1,358,733
<br /> Deposits payable 4,665,722 4,132,178
<br /> Deferred revenue 31,343 46,958
<br /> Unearned revenue 613,415 1,253,436
<br /> Accrued sick leave and vacation-current 1,553 3,345
<br /> Total Liabilities 8,935,946 8,872,592
<br /> FUND BALANCE
<br /> Reserved for encumbrances 912,458 640,299
<br /> Reserved for loans 2,813,853 2,980,790
<br /> Reserved for inventory 1,642 1,409
<br /> Reserved for prepaid expenditures 449,879
<br /> Unreserved
<br /> Designated for subsequent years expenditures 23,896,029 21,084,886
<br /> Designated for capital projects 10,266,181 10,782,890
<br /> Designated for street projects 3,337,474 3,337,474
<br /> Designated for Sandpiper Park 1,490,884 1,694,629
<br /> Designated for library bequest 68,313 62,562
<br /> Designated for general plan 73,965
<br /> Designated for retiree medical benefits 1,453,747 1,453,747
<br /> Designated for unrealized gain/loss 240,480
<br /> Designated for self insurance 1,100,000
<br /> Total Fund Balance 45,004,905 43,138,686
<br /> Total Liabilities and Fund Balance 53,940,851 52,011,278
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