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6.1 B - Attachment N�. 4
<br /> CITY OF REDWOOD CITY,CALIFORI�IIA
<br /> STATEMENT OF NET ASSETS
<br /> J[JNE 30,2009
<br /> Governmental Business-Type
<br /> Activities Activities Total
<br /> ASSETS
<br /> Cash and investments available for operations 111,815,116 33,917,500 145,732,616
<br /> Cash and investments,restricted 13,922,372 14,216,330 28,138,702
<br /> Receivables(net of allowance for uncollectibles):
<br /> Taxes and assessments-current 4,097,949 4,097,949
<br /> Accounts 1,536,089 3,166,423 4,702,512
<br /> Loans 13,801,269 13,801,269
<br /> Accrued interest 1,438,785 29,912 1,468,697
<br /> Due from other governmental agencies 2,860,935 2,863,214 5,724,149
<br /> Inventory of supplies at cost 206,188 206,188
<br /> Deposits 439,302 2,291 441,593
<br /> Prepaid items 10,500 289,055 299,555
<br /> Investment in land held for redevelopment 3,385,949 3,385,949
<br /> Capital assets:
<br /> Nondepreciable 44,523,745 26,402,597 70,926,342
<br /> Depreciable buildings,property,equipment and infrastructure,net 172,236,513 128,412,147 300,648,660
<br /> Unamortized bond issuance costs 1,348,877 1,352,366 2,701,243
<br /> Investment in sewer authority 20,285,007 20,285,007
<br /> Total assets 371,623,589 230,936,842 602,560,431
<br /> LIABILITIES
<br /> Accounts payable 5,116,970 3,320,014 8,436,984
<br /> Accrued interest payable 618,130 1,313,972 1,932,102
<br /> Accrued payroll 2,371,095 2,371,095
<br /> Deposits payable 5,920,543 606,818 6,527,361
<br /> Insurance claims payable:
<br /> Due in one year 2,709,013 2,709,013
<br /> Due in more than one year 7,652,025 7,652,025
<br /> Unearned revenue 1,050,015 328,002 1,378,017
<br /> Accrued sick leave and vacation:
<br /> Due in one year 347,459 460,994 808,453
<br /> Due in more than one year 9,345,122 494,277 9,839,399
<br /> Net OPEB obligation due in more than one year 6,674,477 6,674,477
<br /> Long-Term Debt:
<br /> Due in one year 3,753,378 1,932,794 5,686,172
<br /> Due in more than one year 62,777,089 80,084,198 142,861,287
<br /> Total liabilities 108,335,316 88,541,069 196,876,385
<br /> NET ASSETS
<br /> Invested in capital assets,net of related debt 161,627,155 81,617,178 243,244,333
<br /> Restricted for:
<br /> Capital projects 20,182,205 107,150 20,289,355
<br /> Debt service 4,453,433 5,441,131 9,894,564
<br /> Community development projects 23,469,924 23,469,924
<br /> Other purposes 4,263,140 4,263,140
<br /> Total restricted net assets 52,368,702 5,548,281 57,916,983
<br /> Unrestricted net assets 49,292,416 55,230,314 104,522,730
<br /> Total net assets 263,288,273 142,395,773 405,684,046
<br /> See accompanying notes to financial statements
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