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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 />Note 17 – Fund Balance Classification
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<br />The City classifies fund balances, as shown on the Balance Sheet – Governmental Funds, as follows as of June 30, 2025:
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<br />Transportation
<br />Grants Capital Outlay Non-major
<br />General Special Revenue Capital Projects Governmental
<br />Fund Fund Fund Funds Total
<br />Nonspendable
<br />Prepaid items and inventories 550,870$ 375$ 6,072$ 6,863$ 564,180$
<br />Property held for development - - - 710,241 710,241
<br />Total nonspendable 550,870 375 6,072 717,104 1,274,421
<br />Restricted
<br />Section 115 pension trust 31,580,588 - - - 31,580,588
<br />Capital projects - - - 13,089,934 13,089,934
<br />Debt service - - - 95,872 95,872
<br />Public safety - - - 1,341,480 1,341,480
<br />Transportation - 7,607,628 - 24,941,158 32,548,786
<br />Community development - - - 50,383,745 50,383,745
<br />Culture and leisure - - - 158,646 158,646
<br />Other purposes 6,054,118 - - - 6,054,118
<br />Total restricted 37,634,706 7,607,628 - 90,010,835 135,253,169
<br />Committed
<br />City Council reserve 28,659,300 - - - 28,659,300
<br />General plan 8,750,534 - - 3,694,419 12,444,953
<br />Human services financial assistance - - - 81,966 81,966
<br />Housing purposes - - - 658,110 658,110
<br />Total committed 37,409,834 - - 4,434,495 41,844,329
<br />Assigned
<br />Capital projects - - 29,649,417 - 29,649,417
<br />Other purposes 16,049,569 - - - 16,049,569
<br />Total assigned 16,049,569 - 29,649,417 - 45,698,986
<br />Unassigned (deficit)33,988,570 - - (1,631,542) 32,357,028
<br />Total fund balances 125,633,549$ 7,608,003$ 29,655,489$ 93,530,892$ 256,427,933$
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