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6.A. - Page 86 of 191
<br />CITY OF REDWOOD CITY
<br />NOTES TO THE BASIC FINANCIAL STATEMENTS
<br />For the Fiscal Year Ended June 30, 2019
<br />NOTE 4 — CAPITAL ASSETS
<br />A. Summary
<br />Capital assets at June 30 are comprised of the following:
<br />58 93
<br />Balance
<br />Balance
<br />June 30, 2018
<br />Adjustments
<br />Additions
<br />Retirements
<br />Transfers
<br />June 30, 2019
<br />Government activities
<br />Capital assets not being depreciated:
<br />Land
<br />$ 31,963,078 $
<br />$ -
<br />$
<br />$ -
<br />$ 31,963,078
<br />Construction in progress, Property
<br />25,595,794
<br />19,695,196
<br />(7,350,554)
<br />37,940,436
<br />Construction in progress, Vehicles
<br />575,463
<br />287,921
<br />(302,376)
<br />561,008
<br />Total capital assets not being depreciated
<br />58,134,335
<br />19,983,117
<br />(7,652,930)
<br />70,464,522
<br />Capital assets being depreciated:
<br />Buildings
<br />83,309,015
<br />-
<br />83,309,015
<br />Accumulated depreciation
<br />(33,402,198)
<br />(1,652,843)
<br />(35,055,041)
<br />Improvements other than buildings
<br />9,946,106
<br />1,619,146
<br />2,571,966
<br />14,137,218
<br />Accumulated depreciation
<br />(3,095,732)
<br />(609,279)
<br />-
<br />(3,705,011)
<br />Parks
<br />39,272,644
<br />692,017
<br />39,964,661
<br />Accumulated depreciation
<br />(19,384,258)
<br />(1,360,562)
<br />-
<br />(20,744,820)
<br />Streets
<br />118,154,299
<br />7,969,530
<br />1,996,869
<br />128,120,698
<br />Accumulated depreciation
<br />(76,865,373)
<br />(4,117,846)
<br />-
<br />(80,983,219)
<br />Bridges
<br />2,248,335
<br />2,248,335
<br />Accumulated depreciation
<br />(2,124,830)
<br />(58,981)
<br />(2,183,811)
<br />Traffic Signals
<br />3,371,294
<br />2,962,049
<br />6,333,343
<br />Accumulated depreciation
<br />(2,364,158)
<br />(147,665)
<br />-
<br />(2,511,823)
<br />Storm Drains
<br />16,407,523
<br />1,833,659
<br />2,089,701
<br />20,330,883
<br />Accumulated depreciation
<br />(3,265,150)
<br />(547,668)
<br />(3,812,818)
<br />subtotal
<br />132,207,517
<br />5,889,540
<br />7,350,553
<br />145,447,610
<br />Machinery & Equipment
<br />26,277,808
<br />2,140,760
<br />(142,821)
<br />302,377
<br />28,578,124
<br />Accumulated depreciation
<br />(17,008,082)
<br />(1,650,902)
<br />134,519
<br />-
<br />(18,524,465)
<br />Net capital assets being depreciated
<br />141,477,243
<br />6,379,398
<br />(8,302)
<br />7,652,930
<br />155,501,269
<br />Governmental activity capital assets, net
<br />$ 199,611,578 $
<br />$ 26,362,515
<br />$ (8,302)
<br />$ -
<br />$ 225,965,791
<br />Business -Type Activities
<br />Capital assets not being depreciated:
<br />Land
<br />$ 3,180,272 $
<br />$ -
<br />$ -
<br />$ (54,002)
<br />$ 3,126,270
<br />Construction in progress
<br />18,338,212
<br />9,740,988
<br />(1,299,425)
<br />(16,753,773)
<br />10,026,002
<br />Total capital assets not being depreciated
<br />21,518,484
<br />9,740,988
<br />(1,299,425)
<br />(16,807,775)
<br />13,152,272
<br />Capital assets being depreciated
<br />Harbor Improvements
<br />4,773,955
<br />-
<br />54,002
<br />4,827,957
<br />Accumulated depreciation
<br />(3,411,072)
<br />(47,937)
<br />(114,172)
<br />-
<br />(3,573,181)
<br />Buildings
<br />62,466,683
<br />219,773
<br />62,686,456
<br />Accumulated depreciation
<br />(16,970,445)
<br />(19,771)
<br />(1,331,996)
<br />-
<br />(18,322,212)
<br />Machinery and equipment
<br />1,928,195
<br />29,330
<br />153,409
<br />2,110,934
<br />Accumulated depreciation
<br />(1,626,068)
<br />(47,796)
<br />-
<br />(1,673,864)
<br />Improvements other than buildings
<br />217,961,319
<br />-
<br />2,911,900
<br />16,380,591
<br />237,253,810
<br />Accumulated depreciation
<br />(68,180,709)
<br />67,708
<br />(4,994,377)
<br />-
<br />(73,107,378)
<br />Net capital assets being depreciated
<br />196,941,858
<br />-
<br />(3,547,111)
<br />16,807,775
<br />210,202,522
<br />Business -type activity capital assets, net
<br />$ 218,460,342 $
<br />-
<br />$ 6,193,877
<br />$ (1,299,425)
<br />$ -
<br />$ 223,354,794
<br />58 93
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