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Page 3 of 8 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />otherwise known as the MD&A, provides an orientation to variables influencing the City’s financial <br />condition. <br />Important highlights from the ACFR include: <br />Statement of Net Position <br />General Fund Analysis <br />Capital Outlay Analysis <br />Ending Fund Balance for the City for FY 2024-25 <br />The City’s assets exceeded liabilities by $741.2 million as of June 30, 2025. <br />Table 1: City’s Net Position (in Millions) <br />The largest portion (83.7%) of the City’s net position reflects its capital assets (e.g., land, buildings, <br />machinery, and equipment) less any related debt used to acquire those assets that is still outstanding. The <br />City uses these capital assets to provide services to residents; accordingly, these assets are not available <br />for future spending. Although the City’s investment in capital assets is reported net of related debt, it <br />should be noted that the resources needed to repay this debt must be provided from other sources, as <br />the capital assets themselves cannot be used to liquidate these liabilities. <br />The restricted portion of the City’s net position represents resources that are subject to external <br />restrictions on how they may be used. Unrestricted net position may be used to meet the government’s <br />ongoing obligations (although portions of unrestricted net position may, by law or contract, be only used <br />for specified purposes and may not necessarily be used for any general governmental purpose) to <br />residents and creditors. <br />7.C. - Page 3 of 269 <br />22