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City of Redwood City <br />Index of Notes to the Basic Financial Statements (Continued) <br />For the Year Ended June 30, 2025 <br /> <br /> <br />58 <br />Page <br /> <br />Note 6 – Investment in Silicon Valley Clean Water Authority ................................................................................ 89 <br /> <br />Note 7 – Capital Assets ................................................................................................................................................ 90 <br /> <br />A. Governmental Activities ............................................................................................................................ 90 <br />B. Business-Type Activities ........................................................................................................................... 91 <br />C. Fiduciary Fund ........................................................................................................................................... 92 <br /> <br />Note 8 – Long-Term Liabilities .................................................................................................................................. 92 <br /> <br />A. Summary .................................................................................................................................................... 92 <br />B. Governmental Activities ............................................................................................................................ 93 <br />C. Business-Type Activities ........................................................................................................................... 95 <br />D. Fiduciary Fund Private Purpose Trust Funds - Successor Agency ............................................................ 99 <br /> <br />Note 9 – Special Assessment Debt with No City Commitment .............................................................................. 100 <br /> <br />Note 10 – Compensated Absences ............................................................................................................................ 101 <br /> <br />A. Governmental Activities .......................................................................................................................... 101 <br />B. Business-Type Activities ......................................................................................................................... 101 <br /> <br />Note 11 – Risk Management ..................................................................................................................................... 102 <br /> <br />A. Workers’ Compensation .......................................................................................................................... 102 <br />B. General Liability, Automobile, and Property Insurance .......................................................................... 102 <br />C. Self–Insurance Fund ................................................................................................................................ 102 <br /> <br />Note 12 – Pension Plans ............................................................................................................................................. 103 <br /> <br />A. Summary .................................................................................................................................................. 103 <br />B. City ........................................................................................................................................................... 103 <br /> <br />Note 13 – Other Postemployment Benefits .............................................................................................................. 111 <br /> <br />A. Summary .................................................................................................................................................. 111 <br />B. City Plan ................................................................................................................................................... 112 <br />C. Port Plan ................................................................................................................................................... 116 <br />D. Sensitivity of the Net OPEB Liability to Changes in the Discount Rate ................................................. 118 <br />E. OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB .................................... 119 <br /> <br />Note 14 – Cafeteria Benefit Plan .............................................................................................................................. 119 <br /> <br />Note 15 – Deferred Compensation Plan ................................................................................................................... 120 <br /> <br />7.C. - Page 90 of 269 <br />109