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CITY OF REDWOOD CITY,CALIFORNIA
<br /> INTERNAL SERVICE FUNDS
<br /> COMBINING STATEMENT OF NET ASSETS
<br /> JUNE 3 0,2007
<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 6,172,622 9,428,967 1,223,076 797,167 17,621,832
<br /> Receivables(net of allowance for uncollectibles):
<br /> Accounts 2,500 2,500
<br /> Due from other governmental agencies 44,979 81,656 126,635
<br /> Inventory of supplies at cost 234,756 234,756
<br /> Deposits 285,000 10,603 295,603
<br /> Prepaid expenses 478,762 24,016 502,778
<br /> Total current assets 6,452,357 10,192,729 1,307,232 831,786 18,784,104
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Equipment,net 5,822,025 359,671 6,181,696
<br /> Net capital assets 5,822,025 359,671 6,181,696
<br /> Total noncurrent assets 5,822,025 359,671 6,181,696
<br /> Total assets 12,274,382 10,192,729 1,666,903 831,786 24,965,800
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 211,194 369,459 161,891 59,315 801,859
<br /> Insurance claims payable-current portion 2,410,690 2,410,690
<br /> Accrued sick leave and vacation-current portion 45,717 236,329 282,046
<br /> Total current liabilities 256,911 2,780,149 398,220 59,315 3,494,595
<br /> Noncurrent liabilities:
<br /> Insurance claims payable 7,246,150 7,246,150
<br /> Accrued sick leave and vacation 108,774 310,530 419,304
<br /> Total noncurrent liabilities 108,774 7,246,150 310,530 7,665,454
<br /> Total liabilities 365,685 10,026,299 708,750 59,315 11,160,049
<br /> NET ASSETS
<br /> Invested in capital assets 5,822,025 359,671 6,181,696
<br /> Unrestricted 6,086,672 166,430 598,482 772,471 7,624,055
<br /> Total net assets 11,908,697 166,430 958,153 772,471 13,805,751
<br /> 89
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