AgdaPkt 2009-01-12 clsd and reg - Laserfiche WebLink

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. ,tin' OF REDWOOD. CITY~. CALIFORN1A ;. RECONCILIATION OF THE .. NET CHANGE 'IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS. . WITH THE STATEMENT OF ACTIVITIES ~OR THE.YEAR ENDED JUNE 30.2008 : !: . . . :.: . Th~ sc.hedule below reconciles the. Net Changes in Fund Balances repon-ed on the. Governmental Funds Statement of Revenues. Expenditures and:. .. . . Changes tn Fund Balance. which measures, only changes in.,currcnt assets and current liablJ.ities onithe modified accrual basis. with !he Change in :NCI Assel:sofGovernmental A~tivitie.s.reportedjn the Statement of Activities. whIch is prepared on the 1~1l accrual bllS~. . NET CHANGE IN. Fl~ND BALANCES.. ;ro'i"AL GOVERNMENT~\L FUNDS: . .. . , .. . Amounts reported. for governmental activities in the Suuement of ACtivitics.arc different because of the following: . .' CAPJTAL ASSETS TRANSACTfONS . 6ov.emmcma! Fu~ds refl.on capital o~tlays as expendiwres.. However, in the S~atcmc::nt of Activities the cost ofth()se oi.sclS . ." . . . is capltai(zcd and aUoclU.e~ ~ver their ~tim.ated uselullives and .reported 8Ji'deprc:dation expense. . . . . " ." . . .'. I The.capital outlay c"penditUfes are therefore added. back 'tel fund balanCe. Depreciation e.xpensc i$ deducted from the fund balance. . {Depreciation expense is net of internal servi~ (und depreciation of , .; : $883,775 whic.h till.'> al~dy been allocated to sel'\'iced.funds~) Loss on, rcti~mcnts of ca.piiaJ assets . . . .~olJ[ributiQnsofimprovemC:f1ts by the Water Uiili!): fund are cupitalized in the Statement ofNel Assets; bUlllre not recorded. in the. Fund St.atc:mcnts. .. . Co.nnibutions oftmprovements.to the Parking fund are repOned as transf-ers out in'thc Statement . of Activities, whereas in the .govemmcrual fuilds,.capital assets donated 00 not decren.'1e financial. . . ;, resources. Thus.. the change in n~t assets differs from the cnange in',fund balances ~y the value of the asset donated.:. . . . . U)'NG TERM DEBT PRbCEEDS AND PAYMENTS Bond .proceeds provide current financial resources to ~ovcmmcntal funds, but iSSlJing .debt increases'tof!g~term' Habilities in the . .' S18temenl of Net Assets: Repayment of bond principal iun expenditure!in the governmental funds, but in.th~ . Swemenlll.fNct Assets the repayment reduces."long-term liah11ities. :' Repayment of dcbt.prin:cipal is added back w fund balance. . ACCRUAl; OF NON-cuRREi-rr ITEMS . '. . . . . . The amounts below.indudedin thcStatcrnent of Acti:viti.es do not provide or (requireJthe use of current financial resources and therefore are not. reJ)oned a:. revenue or eXPcn9itures ingov.ernmcnuil funds (nct cha~gei: ., ;. .. . . . " . Change in homj;ensatcd abs~ces . Change in interest payabh:: . . . . interest accreted 'on capira! appreciation. debt Amonizalion of bond premium . Amortization of issuance cosls . . ' . Interest receivllble.and intergovernmental. rcvc~Jlue ," .". . ..".".. . . . . . ., AlLOCATIC}N OF INTERNAL SERVICE FllND ACTlVrnr . Internal Se,vicc:Flmds a,.~ ~s~d by management to charge the. coStS of certain activities, suelJ as equipment acquisition,: maintenance. .'!lnd insuranCe to indi\'idoal" funds. The ponion of the net revenue (expense) of these I"lemar-Service f'unds arising.out of meir transactions 'vith govemmt~IUlI funds 1S n-ported with govemmental,8ctiv.itics, because.U\ey service thosc8Ct"ivllies. Change in Net Assc~.'- AlIlntemal Service Funds CHANGE IN NET ASSETS OF GOVERNMENTAL ACTIVIT!ES 1: ..-Sc~ accompanying noies io'fi,i~~i~1 ~iat~nis . ;. ;.. '<i3'.i..;: ., ,. .. . j: i; $ (38,625) 17.326,293 (6,783,319) . (J 90,233) 4.035:683 (21,462,43"1) : 4.{)67.32I . (423,396) . 54,778 <i.360.588) . 31. ,OS?, (67,976) 588.766. 104,483 f4.118.193) .