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6.1 B - Attachment No. 4
<br /> CITY OF REDWOOD CITY,CALIFORNIA
<br /> PROPRIETARY FUNDS
<br /> STATEMENT OF NET ASSETS
<br /> JC1NE 30,2009
<br /> Business-Type Activities-Enterprise Funds Governmental
<br /> Water Sewer Activities-
<br /> Utility Utility Parking Port of Internal Service
<br /> Fund Fund Fund Redwood City Totals Funds
<br /> $ $ $ $ $ $
<br /> ASSETS
<br /> Current assets:
<br /> Cash and investments available for operations 12,440,350 5,016,076 246,912 16,214,162 33,917,500 20,387,259
<br /> Receivables(net of allowance for uncollectibles):
<br /> Accounts 1,754,573 901,078 4,093 506,679 3,166,423 36,478
<br /> Accrued interest 29,912 29,912
<br /> Due from other governmental agencies 1,529,630 845,397 50 488,137 2,863,214 205,946
<br /> Inventory of supplies at cost 205,629
<br /> Advances to other funds 1,250,000 1,250,000 2,500,000
<br /> Deposits 2,291 2,291 439,302
<br /> Prepaid items 32,340 256,715 289,055
<br /> Total current assets 17,006,756 6,762,551 283,395 17,465,693 41,518,395 23,774,614
<br /> Noncurrent assets:
<br /> Cash and investments,restricted 13,311,723 904,607 14,216,330
<br /> Capital assets:
<br /> Nondepreciable 20,582,045 196,917 822,913 4,800,722 26,402,597
<br /> Depreciable buildings,property,equipment
<br /> and infrastructure,net 79,838,908 13,053,748 25,954,292 9,565,199 128,412,147 8,304,520
<br /> Unamortized bond issuance costs 1,189,884 162,482 1,352,366
<br /> Investment in sewer authority 19,885,007 400,000 20,285,007
<br /> Total noncurrent assets 114,922,560 33,135,672 26,777,205 15,833,010 190,668,447 8,304,520
<br /> Total assets 131,929,316 39,898,223 27,060,600 33,298,703 232,186,842 32,079,134
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 2,613,491 165,397 42,874 498,252 3,320,014 805,681
<br /> Deposits payable 460,283 19,644 126,891 606,818
<br /> Insurance claims payable-cunent portion 2,709,013
<br /> Advances from other funds 1,250,000 1,250,000
<br /> Accrued sick leave and vacation-current portion 194,884 86,289 35,707 144,114 460,994 347,459
<br /> Revenue bonds payable-current portion 1,663,709 241,364 1,905,073
<br /> Loans/leases payable-current portion 27,721 27,721
<br /> Unearned revenue 328,002 328,002
<br /> Accrued interest payable 1,246,053 4,719 63,200 1,313,972
<br /> Total current liabilities 6,178,420 1,506,405 98,225 1,429,544 9,212,594 3,862,153
<br /> Noncurrent liabilities:
<br /> Insurance claims payable 7,652,025
<br /> Accrued sick leave and vacation 274,183 141,425 78,669 494,27'7 527,108
<br /> Net OPEB obligation 6,674,477
<br /> Revenue bonds payable 69,657,712 8,578,062 78,235,774
<br /> Loans payable 1,300,000 548,424 1,848,424
<br /> Total noncurrent liabilities 69,931,895 141,425 1,378,669 9,126,486 80,578,475 14,853,610
<br /> Totalliabilities 76,110,315 1,647,830 1,476,894 10,556,030 89,791,069 18,715,763
<br /> NET ASSETS
<br /> Invested in capital assets,
<br /> net of related debt 29,099,532 13,250,665 25,477,205 13,789,776 81,617,178 8,304,520
<br /> Restricted for capital projects 107,150 107,150
<br /> Restricted for debt service 4,715,168 725,963 5,441,131
<br /> Unrestricted 22,004,301 24,999,728 (649) 8,226,934 55,230,314 5,058,851
<br /> Total net assets 55,819,001 38,250,393 25,583,706 22,742,673 142,395,773 13,363,371
<br /> See accompanying notes to financial statements
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