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6.C. - Page 124 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 16 — CONSTRUCTION, OTHER SIGNIFICANT COMMITMENTS AND ENCUMBRANCES
<br />As of June 30, 2020, the City has the following significant commitments:
<br />$6,835,100 - Professional services related to California Water Tank, Pump Station and Transmission
<br />Improvements
<br />$3,526,142 - Professional services related to Middlefield Road Bicycle and Pedestrian Improvements
<br />$1,226,817 - Professional services related to 101/84 Highway Interchange
<br />$825,936 - Professional services related to ERP Software and Implementation
<br />$1,729,697 - Professional services related to US 101 Pedestrian Undercrossing Project
<br />$2,836,819 - Professional services related to YMCA/Senior Center Project
<br />$500,000 - Purchase of Residential and Commercial Water Meters
<br />$5,644,989 - Professional services related to Project and Construction Management of Veterans
<br />Memorial/Senior Center Project
<br />$1,284,360 - Purchase of One Aerial Fire Apparatus
<br />$1,298,369 - Professional services related to Peninsula Tank No.2 Seismic Improvement Project
<br />Purchase orders are issued throughout the fiscal year to encumber the budgets in the governmental funds.
<br />Following are the outstanding encumbrances as of June 30, 2020:
<br />Major Funds:
<br />General Fund $ 3,454,542
<br />Capital Outlay Fund 5,935,325
<br />Total Major Funds 9,389,867
<br />Non -Major Funds 33,047,993
<br />Total Encumbrances $ 42,437,860
<br />NOTE 17 — SOUTH BAYSIDE WASTE MANAGEMENT AUTHORITY
<br />The City is a member of the South Bayside Waste Management Authority (SBWMA), a joint powers
<br />authority established to purchase the solid waste transfer station located in San Carlos, California from
<br />Browning-Ferris Industries. Currently there are 12 public entities that are members of this organization.
<br />Each of these members also, by individual and separate legislative action, has entered into a franchise
<br />agreement with Recology for solid waste collection within their respective jurisdictions.
<br />The SBWMA issued $20 million in bonds in 1999 to provide funds for the purchase of the transfer station.
<br />The debt issued by the SBWMA is not an obligation of any of the member entities. During FY 2009-10,
<br />SBWMA issued $58.5 million in bonds to finance improvements at the solid waste transfer station, and the
<br />remaining balance of the 1999 bonds were retired.
<br />The SBWMA also serves as a regional forum for member entities to collectively pursue other solid waste
<br />management matters such as rate setting, solid waste reduction, and meeting recycling goals as required by
<br />state law.
<br />Audited financial statements are available from the SBWMA, c/o the City of Redwood City, 1017
<br />Middlefield Road, Redwood City, CA 94063. The following is SBWMA's condensed unaudited financial
<br />results for the fiscal year ended June 30, 2020:
<br />Total assets $ 89,936,724
<br />Total liabilities 67,356,523
<br />Total net position $ 22,580,201
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