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6.1 B - Attachment No. 4 <br /> CITY OF REDWOOD CITY,CALIFORNIA <br /> RECONCILIATION OF THE <br /> GOVERNMENTAL FUNDS-BALANCE SHEET <br /> WITH THE STATEMENT OF NET ASSETS <br /> JUNE 30,2009 <br /> $ <br /> TOTAL FiJND BALANCES--TOTAL GOVERNMENTAL FLJND� 114,442,672 <br /> Amounts reported for Governmental Activities in the Statement c <br /> Net Assets are different from those reported in the Governmental Funds above because of the followi: <br /> CAPITAL ASSETS <br /> Capital assets used in Governmental Activities are not cunent assets or financial resources and therefore are n 208,455,738 <br /> reported in the Governmental Funds <br /> ALLOCATION OF INTERNAL SERVICE FUND NET ASSETS <br /> Internal service funds are not governmental funds. However,they are used by management to charge the costs of certain activiti <br /> such as insurance and central services and maintenance,to individual governmental funds. The assets and liabilities of tt <br /> Internal Service Funds are therefore included in Governmental Activities in the Statement of Net Asse 13,363,371 <br /> ACCRUAL OF NON-CURRENT REVENUES AND EXPENSE� <br /> The amounts below are revenues in the statement of activities that do not provide cunent financial resources and theref� <br /> are not reported as revenues in the Fund: <br /> Interest revenue 272,111 <br /> Deferred revenue 1,372,115 <br /> LONG TERM ASSETS AND LIABILITIES <br /> The assets and liabilities below are not du:and payable in the current period and therefore are not reported in the Fun <br /> Unamortized bond issuance cost 1,348,877 <br /> Long-term deb� (66,530,467) <br /> Interest payable (618,130) <br /> Accrued sick leave and vacatiot (8,818,014) <br /> NET ASSETS OF GOVERNMENTAL ACTIVITIES 263,288,273 <br /> See accompanying notes to financial statemen� <br /> f <br /> 21 <br />