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<br />
<br />..
<br />
<br />NOTE ~ - CAPJTAL AsSETS (CONTINUED)
<br />
<br />
<br />B. Depreciation AUo:catinn.
<br />
<br />. Depreciation: expense was charged to,functions and pr~grarns based on their usage.ofthe.related assets. The
<br />, amounts allocated to each :function or program are as foHows:
<br />
<br />':'
<br />
<br />Governmental Activities
<br />. . Community DeveJoplnent:
<br />Human 'Services:
<br />Public Safety. ;.
<br />T raJlsportation
<br />Leisure, .cultural, and infonnat.ion serv.ices
<br />Policy development.and implementation .
<br />EnvirOl:unental support and protection
<br />. . Tota.l Depreciation Expense-.Govemmental Activities
<br />
<br />. $ 90~853
<br />?9,201
<br />986 78U:
<br />, .
<br />
<br />:: .4,286,374.
<br />. 1 ,480,30~
<br />634,036
<br />.. I 09,544
<br />$: 7,667.094
<br />
<br />: Business.;. Type:Activities
<br />, Water Uti'lity Fund' . $
<br />'Sewer Utility. fun:d
<br />. :Parking: Fund.' .
<br />. .. Port .qf Redwood City . ...... .
<br />TotarD~preciation Expen.se-Business-type.Activ~ties,-' . $
<br />
<br />1,3.38,589
<br />434,639
<br />; 364,322
<br />525,025
<br />2,662.575
<br />
<br />. . .
<br />. .
<br />NOTB.5 - INVESTMENT IN SOUTH BiA YSIDE' SYSTEM Al1THORtTY
<br />
<br />. .
<br />
<br />Redwood City,.has an invesmlent 0.f.$.1 6,177,193; in a joint powers authority {JPA) with the cities.of San
<br />Carlos and Belmont and the West Bay Sanitation~ District. Iil additio~, the City and the Port of Redwo9d
<br />City have in.vestments of $2,285,873 and $~OO;OOO, respectively,: in: South Baysid.e System Authority
<br />, (SBSA) stag~ II .co~strudio111 SBSA ()perates and. maintains a sewer plant which waS jointly constfucted
<br />. .with federal and state grants :;and ::contributions from .participating entities. The SBSA. i.s run by. its board ..
<br />. . of d'irectors whic;:h is comprised' cif four members. The City Councils of each meml>er city 'and the board .
<br />of the West Bay Sanitation District. cach..select one of their o'wn members to serve on this board. No..
<br />member agency has control: of SBSA · s budget, finances. or operations,. TIle. board acts .autonomously of ..
<br />the respectlye member agencies.. . .
<br />
<br />. .. - . . .
<br />.. Audited: financial, .statements: are available. from South Bayside System Authorit)~,] 400 Radio Road.
<br />, Redwood Cit)l,ic:A 94065. The condensed audited finaricia(information of the JI'A as of June 30, 2008
<br />is as foHows:-.. : .
<br />
<br />"'"
<br />
<br />Total assets. .~
<br />Total liabilities
<br />... Total fund. equity ,.
<br />. Total operating rev.enues .
<br />. Total ~perdting expenses
<br />. . :. "Total operating income (loss).
<br />., Net income (loss)
<br />, Cumulative agency contributions:.
<br />. Belmont
<br />San Carlos
<br />Redwood City :
<br />West Bay Sanitation District.
<br />Caphal asse~s (net depreciation)"
<br />
<br />$
<br />
<br />.61,992,616
<br />2,217,486.
<br />.59,775,130
<br />: 15,456,73-1
<br />:: I 7,178,621
<br />. (1.72L890)
<br />3,318,217
<br />
<br />$
<br />
<br />. 4,273~193
<br />5,83"1,207.: .
<br />18..463,Q66
<br />13,002,585
<br />41.570.05 J
<br />
<br />: !
<br />
<br />.' ;
<br />
<br />. .
<br />
<br />.. 43~.
<br />
<br />
<br />..
<br />........:.-lo:.:2i.. .~. r..:: r
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