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6.C. - Page 64 of 196
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />PROPRIETARY FUNDS
<br />STATEMENT OF NET POSITION
<br />JUNE 30, 2020
<br />See accompanying notes to financial statements
<br />32
<br />151
<br />Business -Type Activities -Enterprise Funds
<br />Governmental
<br />Water
<br />Sewer
<br />Non -Major
<br />Activities -
<br />Utility
<br />Utility
<br />Parking
<br />Port of
<br />Docktown
<br />Internal Service
<br />Fund
<br />Fund
<br />Fund
<br />Redwood City
<br />Marina
<br />Totals
<br />Funds
<br />ASSETS
<br />Current assets:
<br />Cash and investments available for operations
<br />47,269,748
<br />39,362,966
<br />9,327,087
<br />18,360,194
<br />269,430
<br />114,589,425
<br />54,874,553
<br />Receivables (net of allowance for uncollectibles):
<br />Accounts
<br />4,316,388
<br />1,853,817
<br />11,965
<br />462,150
<br />25,971
<br />6,670,291
<br />113,075
<br />Accrued interest
<br />6,615
<br />Due from other governmental agencies
<br />5,385
<br />2,448,272
<br />2,453,657
<br />34,566
<br />Due from other funds
<br />300,000
<br />Inventory of supplies at cost
<br />715,945
<br />715,945
<br />133,574
<br />Deposits
<br />10,360
<br />10,360
<br />745,946
<br />Prepaid items and other assets
<br />83,253
<br />19,856
<br />1,423
<br />343,963
<br />448,495
<br />73,507
<br />Total current assets
<br />52,401,079
<br />43,684,911
<br />9,340,475
<br />19,166,307
<br />295,401
<br />124,888,173
<br />56,281,836
<br />Noncurrent assets:
<br />Cash and investments, restricted
<br />17,649
<br />9,370,425
<br />1,103,043
<br />10,491,117
<br />Advances to other funds
<br />600,000
<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 />Investment in property held for development
<br />398,478
<br />398,478
<br />Capital assets:
<br />Nondepreciable
<br />6,766,394
<br />6,402,511
<br />557,140
<br />5,548,749
<br />19,274,794
<br />1,244,094
<br />Depreciable buildings, property, equipment
<br />and infrastructure, net
<br />110,454,984
<br />44,368,959
<br />22,083,957
<br />32,537,457
<br />24,930
<br />209,470,287
<br />8,669,994
<br />Total noncurrent assets
<br />117,239,027
<br />95,282,743
<br />32,011,522
<br />39,589,249
<br />423,408
<br />284,545,949
<br />10,514,088
<br />Total assets
<br />169,640,106
<br />138,967,654
<br />41,351,997
<br />58,755,556
<br />718,809
<br />409,434,122
<br />66,795,924
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred charge on refundings
<br />1,202,191
<br />178,621
<br />1,380,812
<br />Deferred outflows - Pension
<br />1,384,953
<br />699,333
<br />366,331
<br />366,495
<br />63,576
<br />2,880,688
<br />2,277,508
<br />Deferred outflow - OPEB
<br />497,584
<br />237,693
<br />137,807
<br />47,344
<br />920,428
<br />827,765
<br />Total deferred outflows of resources
<br />3,084,728
<br />937,026
<br />504,138
<br />592,460
<br />63,576
<br />5,181,928
<br />3,105,273
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable
<br />4,854,427
<br />1,192,876
<br />320,214
<br />904,365
<br />25,954
<br />7,297,836
<br />792,981
<br />Deposits payable
<br />1,039,852
<br />20,730
<br />283,977
<br />10,846
<br />1,355,405
<br />Due to other funds
<br />300,000
<br />300,000
<br />Insurance claims payable - current portion
<br />6,195,761
<br />Accrued sick leave and vacation - current portion
<br />330,385
<br />128,718
<br />67,991
<br />59,204
<br />2,400
<br />588,698
<br />504,024
<br />Revenue bonds payable - current portion
<br />2,165,000
<br />892,563
<br />3,057,563
<br />Unearned revenue
<br />1,956,324
<br />81,886
<br />175,431
<br />2,213,641
<br />Accrued interest payable
<br />758,620
<br />39,742
<br />798,362
<br />Total current liabilities
<br />11,404,608
<br />1,321,594
<br />490,821
<br />2,355,282
<br />39,200
<br />15,611,505
<br />7,492,766
<br />Noncurrent liabilities:
<br />Insurance claims payable
<br />23,551,136
<br />Accrued sick leave and vacation
<br />331,042
<br />147,261
<br />121,901
<br />600,204
<br />786,573
<br />Advances from other funds
<br />600,000
<br />600,000
<br />Net OPEB Liability
<br />2,514,006
<br />1,294,324
<br />613,195
<br />614,366
<br />5,035,891
<br />4,254,161
<br />Net Pension liability
<br />12,180,905
<br />6,150,754
<br />2,815,899
<br />3,223,390
<br />559,159
<br />24,930,107
<br />20,031,064
<br />Revenue bonds payable
<br />43,550,347
<br />11,055,001
<br />54,605,348
<br />Total noncurrent liabilities
<br />59,176,300
<br />7,592,339
<br />3,550,995
<br />14,892,757
<br />559,159
<br />85,771,550
<br />48,622,934
<br />Total liabilities
<br />70,580,908
<br />8,913,933
<br />4,041,816
<br />17,248,039
<br />598,359
<br />101,383,055
<br />56,115,700
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows - OPEB
<br />305,466
<br />147,068
<br />83,275
<br />145,987
<br />681,796
<br />508,979
<br />Deferred inflows - Pension
<br />263,146
<br />132,876
<br />49,782
<br />69,635
<br />12,080
<br />527,519
<br />432,735
<br />Total deferred inflows of resources
<br />568,612
<br />279,944
<br />133,057
<br />215,622
<br />12,080
<br />1,209,315
<br />941,714
<br />NET POSITION
<br />Net investment in capital assets
<br />71,523,680
<br />44,368,959
<br />22,083,957
<br />31,690,890
<br />24,930
<br />169,692,416
<br />9,914,088
<br />Restricted for capital projects
<br />9,370,425
<br />9,370,425
<br />Restricted for debt service
<br />892,563
<br />892,563
<br />Unrestricted
<br />30,051,634
<br />86,341,844
<br />6,226,880
<br />9,300,902
<br />147,016
<br />132,068,276
<br />2,929,695
<br />Total net position
<br />101,575,314
<br />130,710,803
<br />37,681,262
<br />41,884,355
<br />171,946
<br />312,023,680
<br />12,843,783
<br />See accompanying notes to financial statements
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