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<br />Redevelopment Agency of the City of Redwood City
<br />Balance Sheet
<br />June 30, 2008
<br />
<br /> Low and 1997 Tax 2003 Tax
<br /> Moderate Allocation Alloca tion
<br /> Redevelopment Income Refunding Bonds
<br /> Agency Housing Bonds Fund Fund Total
<br />ASSETS
<br />Cash and iIwestO'tents:
<br />Available for operations $ 3,225,664 $ 5,269,414 $ $ .$ 8,495,078
<br />Restricted 1,601,706 256,699 1,641,490 10,256 3,510,151
<br />Receivables:
<br />Accounts Receivable 2,611 6,934 9,545
<br />Accrued interest 205,483 70,890 44,731 419 321,523
<br />Loans 1,259,655 4,974,528 6,234,183
<br />investment in land held
<br />for redevelopment 293,106 3,038,102 3,331,208
<br />Prepaids 27,200 27,200
<br />Total assets $ 6,615,425 $ 13,616,567 $ 1,686,221 $ 10,675 $ 21,928,888
<br />LIABILITIES AND
<br />FUND EQUITY
<br />Liabilities:
<br />Accounts payable $ 921,634 $ 545,531 $ $ $ 1,467,165
<br />Deposits payable 3,000 69,560 72,560
<br />Deferred revenues 240,958 70,890 311,848
<br />Advances from the City 3,000,000 3,000,000
<br />Total liabilities 4,165,592 685,981 4,851,573
<br />Fund Equity:
<br />Reserved for:
<br />Encumbrances 207,348 8,250 215,598
<br />Prepaids 27,200 27,200
<br />Loans receivable 1,259,655 4,474,528 5,734,183
<br />Land held. for redevelopment 293,106 3,038,102 3,331,208
<br />Low and moderate income
<br />housing 832,385 832,385
<br />Debt. service 1,686,221 10,675 1,696,896
<br />Unreserved, Designated, report in:
<br />Future years' expenditures 4,475,889 4,475,889
<br />Unreserved, Undesignated, report in:
<br />Special Revenue Funds 662,524 101,432 763,956
<br />Total fund equity 2,449,833 12,930,586 1,686,221 10,675 17,077,315
<br />Total liabilities and fund equity $ 6,615,425 $ 13,616,567 $ 1,686,221 $ 10,675 $ 21,928,888
<br />See accompanying Notes to Basic Financial Statements.
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