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City of Redwood City
<br />Notes to the Basic Financial Statements (Continued)
<br />For the Year Ended June 30, 2025
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<br />101
<br />Note 9 – Special Assessment Debt with No City Commitment (Continued)
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<br />The outstanding balance of each of these issues as of June 30, 2025, is as follows:
<br />
<br />Outstanding
<br />Original Balance
<br />Amount June 30, 2025
<br />CFD 99-1 (Redwood Shores) Series 2012B 10,275,000$ 5,205,000$
<br />CFD 2010-1 (One Marina) Series 2016 4,350,000 3,245,000
<br />Total 14,625,000$ 8,450,000$
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<br />Note 10 – Compensated Absences
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<br />A. Governmental Activities
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<br />A summary of changes in the compensated absences balances for the governmental activities for the year ended
<br />June 30, 2025 is as follows:
<br />
<br />Balance
<br />July 1, 2024, Increase/ Balance Due within Due in More
<br />as restated (Decrease) June 30, 2025 One Year Than One Year
<br />Compensated absences 18,210,155$ 6,406,053$ 24,616,208$ 9,195,988$ 15,420,220$
<br />Classification
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<br />Compensated absences in the governmental activities are obligations of the following funds:
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<br />Governmental Funds 22,579,251$
<br />Equipment Services Fund 207,462
<br />Self-Insurance Fund 118,648
<br />Internal Services Fund 1,710,847
<br />Total 24,616,208$
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<br />B. Business-Type Activities
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<br />A summary of changes in the compensated absences balances for the business-type activities for the year ended
<br />June 30, 2025 is as follows:
<br />
<br />Balance
<br />July 1, 2024, Increase/ Balance Due within Due in More
<br />as restated (Decrease) June 30, 2025 One Year Than One Year
<br />Compensated absences 1,718,778$ 432,077$ 2,150,855$ 954,537$ 1,196,318$
<br />Classification
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<br />Compensated absences in the business-type activities are obligations of the following funds:
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<br />Water Fund 1,188,384$
<br />Sewer Fund 555,839
<br />Port Fund 198,032
<br />Parking Fund 199,851
<br />Docktown Marina Fund 8,749
<br />Total 2,150,855$
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