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6.A. - Page 60 of 191
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />PROPRIETARY FUNDS
<br />STATEMENT OF NET POSITION
<br />JUNE 30, 2019
<br />See accompanying notes to financial statements
<br />32
<br />AA
<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 />38,857,407
<br />35,924,277
<br />7,764,575
<br />13,764,725
<br />410,051
<br />96,721,035
<br />45,304,225
<br />Receivables (net of allowance for uncollectibles):
<br />Accounts
<br />4,085,869
<br />2,004,178
<br />408,409
<br />2,026,941
<br />3,766
<br />8,529,163
<br />5,019
<br />Accrued interest
<br />4
<br />10,923
<br />10,927
<br />38,550
<br />Due from other governmental agencies
<br />19,724
<br />1,897,783
<br />910
<br />1,918,417
<br />266,622
<br />Due from other funds
<br />300,000
<br />Inventory of supplies at cost
<br />747,371
<br />747,371
<br />124,898
<br />Deposits
<br />10,360
<br />10,360
<br />670,703
<br />Prepaid items and other assets
<br />71,098
<br />21,924
<br />5,973
<br />341,409
<br />440,404
<br />249,494
<br />Total current assets
<br />43,791,833
<br />39,848,162
<br />8,190,790
<br />16,133,075
<br />413,817
<br />108,377,677
<br />46,959,511
<br />Noncurrent assets:
<br />Cash and investments, restricted
<br />17,567
<br />9,068,302
<br />1,091,998
<br />10,177,867
<br />Advances to other funds
<br />850,000
<br />850,000
<br />3,900,000
<br />Investment in Sewer Authority
<br />42,012,663
<br />42,012,663
<br />Investment in sewer capacity rights
<br />400,000
<br />400,000
<br />Investment in property held for development
<br />740,203
<br />740,203
<br />Capital assets:
<br />Nondepreciable
<br />1,758,838
<br />5,374,663
<br />555,988
<br />5,462,783
<br />13,152,272
<br />561,008
<br />Depreciable buildings, property, equipment
<br />and infrastructure, net
<br />113,296,039
<br />39,896,458
<br />22,839,191
<br />34,126,842
<br />43,992
<br />210,202,522
<br />9,387,649
<br />Total noncurrent assets
<br />115,072,444
<br />87,283,784
<br />33,313,481
<br />41,081,623
<br />784,195
<br />277,535,527
<br />13,848,657
<br />Total assets
<br />158,864,277
<br />127,131,946
<br />41,504,271
<br />57,214,698
<br />1,198,012
<br />385,913,204
<br />60,808,168
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred charge on refundings
<br />1,287,706
<br />196,477
<br />1,484,183
<br />Deferred outflows - Pension
<br />1,712,142
<br />864,546
<br />461,475
<br />453,078
<br />78,595
<br />3,569,836
<br />2,815,555
<br />Deferred outflow - OPEB
<br />462,754
<br />227,528
<br />100,933
<br />791,215
<br />769,830
<br />Total deferred outflows of resources
<br />3,462,602
<br />1,092,074
<br />562,408
<br />649,555
<br />78,595
<br />5,845,234
<br />3,585,385
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable
<br />2,576,097
<br />1,529,412
<br />458,769
<br />933,312
<br />104,683
<br />5,602,273
<br />847,023
<br />Deposits payable
<br />1,036,258
<br />20,990
<br />280,505
<br />11,268
<br />1,349,021
<br />Due to other funds
<br />300,000
<br />300,000
<br />Insurance claims payable - current portion
<br />6,300,766
<br />Accrued sick leave and vacation - current portion
<br />273,095
<br />113,928
<br />52,035
<br />65,874
<br />504,932
<br />447,024
<br />Revenue bonds payable -current portion
<br />2,085,000
<br />853,775
<br />2,938,775
<br />Unearned revenue
<br />1,956,324
<br />81,886
<br />175,431
<br />2,213,641
<br />Accrued interest payable
<br />786,755
<br />41,452
<br />828,207
<br />Total current liabilities
<br />9,013,529
<br />1,643,340
<br />613,680
<br />2,350,349
<br />115,951
<br />13,736,849
<br />7,594,813
<br />Noncurrent liabilities:
<br />Insurance claims payable
<br />22,914,182
<br />Accrued sick leave and vacation
<br />285,423
<br />129,187
<br />69,911
<br />484,521
<br />701,332
<br />Advances from other funds
<br />900,000
<br />3,850,000
<br />4,750,000
<br />Net OPEB Liability
<br />2,902,873
<br />1,486,555
<br />693,665
<br />676,783
<br />5,759,876
<br />4,901,075
<br />Net Pension liability
<br />11,732,429
<br />5,924,296
<br />2,718,994
<br />3,104,711
<br />538,572
<br />24,019,002
<br />19,293,563
<br />Revenue bonds payable
<br />45,946,401
<br />11,946,064
<br />57,892,465
<br />Total noncurrent liabilities
<br />61,767,126
<br />7,540,038
<br />3,482,570
<br />15,727,558
<br />4,388,572
<br />92,905,864
<br />47,810,152
<br />Total liabilities
<br />70,780,655
<br />9,183,378
<br />4,096,250
<br />18,077,907
<br />4,504,523
<br />106,642,713
<br />55,404,965
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows - OPEB
<br />34,144
<br />17,458
<br />8,132
<br />51,281
<br />111,015
<br />57,615
<br />Deferred inflows - Pension
<br />187,740
<br />94,800
<br />28,304
<br />49,681
<br />8,618
<br />369,143
<br />308,734
<br />Total deferred inflows of resources
<br />221,884
<br />112,258
<br />36,436
<br />100,962
<br />8,618
<br />480,158
<br />366,349
<br />NET POSITION
<br />Net investment in capital assets
<br />67,041,043
<br />39,896,458
<br />23,689,191
<br />32,359,890
<br />43,992
<br />163,030,574
<br />9,948,657
<br />Restricted for capital projects
<br />9,068,302
<br />9,068,302
<br />Restricted for debt service
<br />853,775
<br />853,775
<br />Unrestricted
<br />24,283,297
<br />79,031,926
<br />5,176,500
<br />6,471,719
<br />(3,280,526)
<br />111,682,916
<br />(1,326,418)
<br />Total net position
<br />91,324,340
<br />118,928,384
<br />37,933,993
<br />39,685,384
<br />(3,236,534)
<br />284,635,567
<br />8,622,239
<br />See accompanying notes to financial statements
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