Laserfiche WebLink
City of Redwood City <br />Index of Notes to the Basic Financial Statements <br />For the Year Ended June 30, 2025 <br /> <br /> <br />57 <br />Page <br /> <br />Note 1 – Summary of Significant Accounting Policies ............................................................................................. 61 <br /> <br />A. Financial Reporting Entity ......................................................................................................................... 61 <br />B. Basis of Presentation, Accounting and Measurement Focus ..................................................................... 62 <br />C. Deferred Outflows and Inflows of Resources ............................................................................................ 65 <br />D. Cash, Cash Equivalents and Investments ................................................................................................... 66 <br />E. Cash and Investments with Fiscal Agents .................................................................................................. 67 <br />F. Receivables ................................................................................................................................................ 67 <br />G. Interfund Transactions ............................................................................................................................... 67 <br />H. Inventories and Prepaid Items .................................................................................................................... 67 <br />I. Leases ......................................................................................................................................................... 68 <br />J. Subscription-Based Information Technology Arrangements (SBITAs) .................................................... 69 <br />K. Capital Assets ............................................................................................................................................. 70 <br />L. Long-Term Debt ........................................................................................................................................ 70 <br />M. Compensated Absences/Sick Leave Conversion ....................................................................................... 71 <br />N. Pension Plans ............................................................................................................................................. 71 <br />O. Other Postemployment Benefits (OPEB) ................................................................................................... 72 <br />P. Net Position ................................................................................................................................................ 72 <br />Q. Fund Balance ............................................................................................................................................. 73 <br />R. Unbilled Services Receivables ................................................................................................................... 73 <br />S. Property Tax ............................................................................................................................................... 74 <br />T. Use of Accounting Estimates ..................................................................................................................... 74 <br />U. Implementation of New GASB Pronouncements for the Year Ended June 30, 2025 ................................ 74 <br />V. Upcoming Government Accounting Standards Implementations .............................................................. 75 <br />W. Reclassification of Governmental Function Categories ............................................................................. 75 <br /> <br />Note 2 – Cash and Investments .................................................................................................................................. 77 <br /> <br />A. Demand Deposits ....................................................................................................................................... 77 <br />B. Investments Authorized by the California Government <br />Code and the City’s Investment Policy ............................................................................................... 77 <br />C. Fair Value Measurement ............................................................................................................................ 78 <br />D. Risk Disclosure .......................................................................................................................................... 79 <br />E. Restricted Cash .......................................................................................................................................... 82 <br />F. Investment in State Investment Pool .......................................................................................................... 82 <br />G. Investments Held in Section 115 Trust ...................................................................................................... 82 <br />H. Investment in San Mateo County Investment Pool .................................................................................... 82 <br /> <br />Note 3 – Loans Receivable .......................................................................................................................................... 83 <br /> <br />Note 4 – Lease Receivable ........................................................................................................................................... 87 <br /> <br />A. Governmental Activities ............................................................................................................................ 87 <br />B. Business-Type Activities ........................................................................................................................... 87 <br /> <br />Note 5 – Interfund Receivables, Payables, and Transfers ........................................................................................ 88 <br /> <br />A. Due To / From Other Funds ....................................................................................................................... 88 <br />B. Transfers .................................................................................................................................................... 89 <br />7.C. - Page 89 of 269 <br />108