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6.C. - Page 54 of 196
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />STATEMENT OF NET POSITION
<br />JUNE 30, 2020
<br />Restricted for
<br />Capital projects
<br />Governmental
<br />Business -Type
<br />18,306,519
<br />Transportation
<br />Activities
<br />Activities
<br />Total
<br />Leisure, cultural, and information services 12,779,193
<br />12,779,193
<br />Debt service
<br />ASSETS
<br />892,563
<br />892,563
<br />Community development projects
<br />Cash and investments available for operations
<br />191,216,869
<br />114,589,425
<br />305,806,294
<br />Cash and investments, restricted
<br />4,383,853
<br />10,491,117
<br />14,874,970
<br />Receivables (net of allowance for uncollectibles):
<br />2,371,629
<br />Other purposes
<br />Taxes and assessments- current
<br />10,348,395
<br />3,147,443
<br />10,348,395
<br />Accounts
<br />7,525,803
<br />6,670,291
<br />14,196,094
<br />Loans
<br />9,464,136
<br />3,996,467
<br />9,464,136
<br />Accrued interest
<br />3,019,807
<br />481,246,163
<br />3,019,807
<br />Due from other governmental agencies
<br />5,827,670
<br />2,453,657
<br />8,281,327
<br />Deposits receivable
<br />700,267
<br />700,267
<br />Internal balances
<br />900,000
<br />(900,000)
<br />Inventory of supplies at cost
<br />133,574
<br />715,945
<br />849,519
<br />Deposits
<br />745,946
<br />10,360
<br />756,306
<br />Prepaid items and other assets
<br />702,944
<br />448,495
<br />1,151,439
<br />Property held for development
<br />3,120,241
<br />398,478
<br />3,518,719
<br />Investment in Sewer Authority
<br />44,511,273
<br />44,511,273
<br />Investment in sewer capacity rights
<br />400,000
<br />400,000
<br />Capital assets:
<br />Nondepreciable
<br />93,654,489
<br />19,274,794
<br />112,929,283
<br />Depreciable, net
<br />153,439,808
<br />209,470,287
<br />362,910,095
<br />Total assets
<br />485,1839802
<br />408,5349122
<br />893,717,924
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred charge on refundings
<br />1,380,812
<br />1,380,812
<br />Deferred outflows - Pension related
<br />36,483,107
<br />2,880,688
<br />39,363,795
<br />Deferred outflows - OPEB related
<br />8,375,686
<br />920,428
<br />9,296,114
<br />Total deferred outflows of resources
<br />44,858,793
<br />5,181,928
<br />50,040,721
<br />LIABILITIES
<br />Accounts payable
<br />11,792,130
<br />7,297,836
<br />19,089,966
<br />Accrued interest payable
<br />798,362
<br />798,362
<br />Accrued payroll
<br />4,010,657
<br />4,010,657
<br />Deposits payable
<br />8,978,427
<br />1,355,405
<br />10,333,832
<br />Unearned revenue
<br />5,833,263
<br />2,213,641
<br />8,046,904
<br />Insurance claims payable:
<br />Due in one year
<br />6,195,761
<br />6,195,761
<br />Due in more than one year
<br />23,551,136
<br />23,551,136
<br />Accrued sick leave and vacation:
<br />Due in one year
<br />607,266
<br />588,698
<br />1,195,964
<br />Due in more than one year
<br />13,007,093
<br />600,204
<br />13,607,297
<br />Long -Term Debt:
<br />Due in one year
<br />3,057,563
<br />3,057,563
<br />Due in more than one year
<br />54,605,348
<br />54,605,348
<br />Net OPEB liability, due in more than one year
<br />45,043,214
<br />5,035,891
<br />50,079,105
<br />Net Pension liability, due in more than one year
<br />232,452,751
<br />24,930,107
<br />257,382,858
<br />Total liabilities
<br />351,471,698
<br />100,483,055
<br />451,954,753
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows - Pension
<br />4,176,125
<br />527,519
<br />4,703,644
<br />Deferred inflows - OPEB
<br />5,172,289
<br />681,796
<br />5,854,085
<br />Total deferred inflows of resources
<br />9,348,414
<br />1,209,315
<br />10,557,729
<br />NET POSITION
<br />Net investment in capital assets
<br />247,094,297
<br />169,692,416
<br />416,786,713
<br />Restricted for
<br />Capital projects
<br />8,936,094
<br />9,370,425
<br />18,306,519
<br />Transportation
<br />18,452,901
<br />18,452,901
<br />Leisure, cultural, and information services 12,779,193
<br />12,779,193
<br />Debt service
<br />892,563
<br />892,563
<br />Community development projects
<br />3,743,728
<br />3,743,728
<br />Public safety
<br />769,007
<br />769,007
<br />Housing purposes
<br />2,371,629
<br />2,371,629
<br />Other purposes
<br />3,147,443
<br />3,147,443
<br />Total restricted
<br />50,199,995
<br />10,262,988
<br />60,462,983
<br />Unrestricted
<br />(128,071,809)
<br />132,068,276
<br />3,996,467
<br />Total net position
<br />169,222,483
<br />312,023,680
<br />481,246,163
<br />See accompanying notes to financial statements
<br />22
<br />141
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