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CITY OF REDWOOD CITY,CALIFORNIA
<br /> GOVERNMENTAL FUNDS
<br /> BALANCE SHEET
<br /> JUNE 30,2007
<br /> Capital Redevelopment Non-Major Total
<br /> General Outlay Agency Governmental Governmental
<br /> Fund Fund Fund Funds Funds
<br /> $ $ $ $ $
<br /> ASSETS
<br /> Cash and investments available for operations 40,879,510 18,716,195 1,516,291 24,675,303 85,787,299
<br /> Cash and investments,restricted 4,488,427 2,409,739 14,569,526 21,467,692
<br /> Receivables(net of allowance for uncollectibles):
<br /> Taxes and assessments-current 6,023,890 221,523 6,245,413
<br /> Accounts 1,286,995 27,574 1,314,569
<br /> Loans 2,813,853 2,000,000 1,263,440 8,658,646 14,735,939
<br /> Accrued interest 974,046 17,060 42,548 150,243 1,183,897
<br /> Due from other governmental agencies 1,511,036 1,012,200 486,212 3,009,448
<br /> Inventory of supplies at cost 1,642 1,642
<br /> Advances to other funds 3,000,000 3,000,000
<br /> Deposits 362,500 362,500
<br /> Prepaid items 449,879 449,879
<br /> Investment in land held for redevelopment 293,106 3,178,789 3,471,895
<br /> Total Assets 53,940,851 29,233,882 5,525,124 52,330,316 141,030,173
<br /> LIABILITIES
<br /> Accounts payable 2,153,064 1,215,899 1,481,835 2,088,954 6,939,752
<br /> Accrued payroll 1,470,849 1,470,849
<br /> Deposits payable 4,665,722 92,530 2,979 69,572 4,830,803
<br /> Deferred revenue 31,343 528,973 212,964 773,280
<br /> Unearned revenue 613,415 613,415
<br /> Advances from other funds 3,000,000 3,000,000
<br /> Accrued sick leave and vacation 1,553 1,553
<br /> Total Liabilities 8,935,946 1,837,402 4,484,814 2,371,490 17,629,652
<br /> FUND BAL,ANCES
<br /> Reserved for:
<br /> Encumbrances 912,458 8,967,367 612,722 4,434,441 14,926,988
<br /> Loans 2,813,853 2,000,000 1,263,440 7,912,303 13,989,596
<br /> Land held for redevelopment 293,106 3,178,789 3,471,895
<br /> Low income housing 2,318,723 2,318,723
<br /> Inventory 1,642 1,642
<br /> Prepaid items 449,879 449,879
<br /> Advances to other funds 3,000,000 3,000,000
<br /> Debt service 6,342,804 6,342,804
<br /> Unreserved,reported in:
<br /> General fund 40,827,073 40,827,073
<br /> Special revenue funds (1,128,958) 20,349,591 19,220,633
<br /> Debt service funds (41,058) (41,058)
<br /> Capital projects funds 13,429,113 5,463,233 18,892,346
<br /> TOTAL FLTND BALANCES 45,004,905 27,396,480 1,040,310 49,958,826 123,400,521
<br /> Total Liabilities and Fund Balances 53,940,851 29,233,882 5,525,124 52,330,316 141,030,173
<br /> See accompanying notes to financial statements
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