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6.C. - Page 93 of 196
<br />CITY OF REDWOOD CITY
<br />NOTES TO THE BASIC FINANCIAL STATEMENTS
<br />For the Fiscal Year Ended June 30, 2020
<br />NOTE 5 — INVESTMENT IN SILICON VALLEY CLEAN WATER AUTHORITY (CONTINUED)
<br />The condensed unaudited financial information of the JPA as of June 30, 2020 is as follows:
<br />Total Assets
<br />$
<br />704,159,441
<br />Deferred Outflows of Resources
<br />San Carlos
<br />11,547,297
<br />Total Liabilities
<br />29,040,036
<br />591,228,059
<br />Deferred hiflows of Resources
<br />1,366,694
<br />Total Net Position
<br />$
<br />123,111,985
<br />Total Operating Revenues
<br />$
<br />63,024,743
<br />Total Operating Expenses
<br />37,762,530
<br />Total Operating Income (loss)
<br />25,262,213
<br />Other Income (loss)
<br />(6,911,677)
<br />Net Income (loss)
<br />$
<br />18,350,536
<br />Cumulative Agency Balances
<br />Belmont
<br />$ 40,712,661
<br />Redwood City
<br />44,511,273
<br />San Carlos
<br />8,848,015
<br />West Bay Sanitation District
<br />29,040,036
<br />Total Net Position
<br />$ 123,111,985
<br />NOTE 6 — GOVERNMENTAL ACTIVITIES LONG-TERM DEBT
<br />A. Changes in Long -Term Obligations
<br />As of June 30, 2020, the City had the following governmental long-term obligations outstanding:
<br />Beginning Ending Due Within
<br />Governmental Activities:
<br />Accrued Sick Leawe and Vacation
<br />Total Governmental Activities Long -Term Obligations $ 12,268,621 $ 13,614,359 $ 12,268,621 $ 13,614,359 $ 607,266
<br />At year-end, $1,290,597 of internal service fund compensated absences is included in the above amounts. For
<br />the governmental activities, compensated absences are generally liquidated by the general fund.
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