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Governmental
<br />Nonmajor Total Activities
<br />Enterprise Enterprise Internal
<br />Funds Funds Service Funds
<br />RECONCILIATION OF OPERATING INCOME TO NET
<br />CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:
<br />Operating income (loss) (3,680,664)$ 3,345,471$ (2,041,860)$
<br />Adjustments to reconcile operating income to net
<br />cash provided by (used in) operating activities:
<br />Depreciation and amortization 935,654 7,632,762 2,127,464
<br />Changes in operating assets and liabilities, and
<br />deferred outflows and inflows of resources:
<br />Accounts receivable, net 10,079 (2,250,961) (12,264)
<br />Intergovernmental receivable 75,000 (720,437) (29,950)
<br />Lease receivable - 1,046,040 -
<br />Prepaid items, inventory, and deposits (55,519) (911,629) (722,119)
<br />Deferred outflows - OPEB related (154,906) (976,087) 56,151
<br />Deferred outflows - pension related 352,735 2,654,856 1,320,970
<br />Accounts payable (168,155) 90,651 759,945
<br />Retention payable - 528,385 -
<br />Accrued payroll - (3,192) -
<br />Deposits payable - 78,501 -
<br />Unearned revenue - 5,237 -
<br />Compensated absences 60,205 432,077 353,349
<br />Claims payable - - 311,894
<br />Net OPEB liability 2,564 19,966 15,408
<br />Net pension liability (94,156) (1,250,351) (1,074,450)
<br />Deferred inflows - lease related - (1,835,163) -
<br />Deferred inflows - OPEB related (41,471) (318,734) (249,108)
<br />Deferred inflows - pension related (11,718) (183,615) (159,741)
<br />Total adjustments 910,312 4,038,306 2,697,549
<br />Net cash provided by (used in) operating activities (2,770,352)$ 7,383,777$ 655,689$
<br />NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES:
<br />Non-cash contributions -$ 2,308,425$ -$
<br />Total noncash capital and related financing activities -$ 2,308,425$ -$
<br />City of Redwood City
<br />Statement of Cash Flows (Continued)
<br />Proprietary Funds
<br />For the Year Ended June 30, 2025
<br />See accompanying Notes to the Basic Financial Statements.
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<br />7.C. - Page 81 of 269
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