|
6.1 B - Attachment No. 2
<br /> Redevelopment Agency of the City of Redwood City
<br /> Statement of Net Assets
<br /> For the year ended June 30,2009
<br /> ASSETS
<br /> Current assets:
<br /> Cash and investment $ 12,040,922
<br /> Accounts receivable 15,988
<br /> Accrued interest receivable 365,562
<br /> Prepaids
<br /> 4,150
<br /> Total current assets 12,426,622
<br /> Noncurrent assets:
<br /> Restricted cash and investment 3,480,995
<br /> Loans receivable 6,224,592
<br /> Investment in land held for redevelopment 3,331,208
<br /> Deferred charges 1,147,064
<br /> Capital assets:
<br /> Non-depreciable 5,544,714
<br /> Depreciable,net 14'844'64g
<br /> Total capital assets,net 20,389,362
<br /> Total noncurrent assets 34,573,221
<br /> Total assets 46,999,843
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 1,312,116
<br /> Accrued interest payable 397,804
<br /> Deposits payable 64,937
<br /> Advances from the City 2,884,378
<br /> Long-term debt-due in one year 1,403,092
<br /> Total current liabilities . 6,062,327
<br /> Noncurrent liabilities:
<br /> Long-term debt-due in more than one year 44,899,518
<br /> Total noncurrent liabilities 44,899,518
<br /> Total liabilities 50,961,845
<br /> NET ASSETS
<br /> Investment in capital assets,net of related debt (14,515,884)
<br /> Restricted for:
<br /> Debt service 1,638,929
<br /> Community development projects 3,222,373
<br /> Low and moderate income housing 16,021,286
<br /> Total restricted net assets 20,882,588
<br /> Unrestricted (10,328,706)
<br /> Total net assets $ (3,962,002)
<br /> See accompanying Notes to Basic Financial Statements.
<br /> 12
<br />
|