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6.1 B - Attachment No. 2 <br /> Redevelopment Agency of the City of Redwood City <br /> Reconciliation of the Governmental Funds Balance Sheet <br /> For the year ended June 30,2009 <br /> Total Fund Balances-Total Governmental Funds $ 20,882,588 <br /> Amounts reported for governmental activities in the Statement of Net Assets are different because: <br /> Capital assets used in governmental activities are not financial resources and therefore are not <br /> reported in governmental funds. 20,389,362 <br /> Governmental funds report bond issuance costs as expenditures. In the statement of activities, <br /> however,the cost of issuance is amortized over the life of the bond. 1,147,064 <br /> Deferred revenue recorded in the Fund Financial statements resulting from activities in which <br /> revenues were earned but funds were not available are reclassified as revenues in the Government- <br /> Wide Financial Statements. 319,398 <br /> Interest payable on long-term debt does not require current financial resources. Therefore,interest <br /> payable is not reported as a liability in the Governmental Funds Balance Sheet. (397,804) <br /> Long-term liabilities are not due and payable in the current period and therefore they are not <br /> reported in the Governmental Funds Balance Sheet. <br /> Long-term liabilities-due within one year (1,403,092) <br /> Long-term liabilities-due in more than one year (44,899,518) <br /> Net Assets of Governmental Activities $ (3,962,002) <br /> See accompanying Notes to Basic Financial Statements. <br /> 17 <br />