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<br />Redevelopment Agency of the City of Redwood City
<br />Statement of Net Assets
<br />For the year ended June 30,2008
<br />
<br />ASSETS
<br />
<br />Current assets:
<br />Cash and investment
<br />Accounts receivable
<br />Accrued interest receivable
<br />Prepaids
<br />Total current assets
<br />
<br />Noncurrent assets:
<br />Restricted cash and investment
<br />Loans receivable
<br />Investment in land held for redevelopment
<br />Deferred charges
<br />Capital assets:
<br />Non-deprecia ble
<br />Depreciable, net
<br />Total capital assets, net
<br />Total noncurrent assets
<br />
<br />$ 8,495,078
<br /> 9,545
<br /> 321,523
<br /> 27,200
<br /> 8,853,346
<br /> 3,510,151
<br /> 6,234,183
<br /> 3,331,208
<br /> 1,194,858
<br /> 5,428,259
<br /> 15,064,952
<br /> 20,493,211
<br /> .34,763,611
<br /> 43,616,957
<br />
<br />Total assets
<br />
<br />LIABILITIES
<br />
<br />Current liabilities:
<br />Accounts payable
<br />Accrued interest payable
<br />Deposits payable
<br />Unearned revenues
<br />Advances from the City
<br />Long-tenn debt. due in one year
<br />Total current liabilities
<br />Noncurrent liabil'ities:
<br />Long-term debt - due in more than one year
<br />Total noncurrent liabilities
<br />
<br />1,467,165
<br />426,340
<br />72,560
<br />35,800
<br />3,000,000
<br />1,343,092
<br />
<br />6,344,957
<br />
<br />Total liabilities
<br />
<br />44,866,639
<br />44,866,639
<br />51,211,596
<br />
<br />NET ASSETS
<br />
<br />Investment in capital assets, net of related debt
<br />Restricted for:
<br />Debt service
<br />Community development projects
<br />Low and moderate income housing
<br />Total restricted net assets
<br />
<br />(14,485,127)
<br />
<br />Total net assets
<br />
<br />1,696,896
<br />2,449,833
<br />12,930,586
<br />
<br />17,077,315
<br />
<br />(10,186,827)
<br />
<br />(7,594,639)
<br />
<br />Unrestricted
<br />
<br />$
<br />
<br />See accompanying Notes to Basic Financial Statements,
<br />
<br />12
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