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Total
<br />Docktown Nonmajor
<br />Parking Marina Enterprise
<br />Fund Fund Funds
<br />ASSETS
<br />Current assets:
<br />Cash and investments 10,817,943$ 141,294$ 10,959,237$
<br />Accounts receivable, net - 45,806 45,806
<br />Taxes receivable 828 - 828
<br />Prepaid items, inventory, and deposits 57,794 - 57,794
<br />Total current assets 10,876,565 187,100 11,063,665
<br />Noncurrent assets:
<br />Restricted cash and investments 10,149,345 - 10,149,345
<br />Capital assets:
<br />Non-depreciable 810,976 - 810,976
<br />Depreciable, net 21,798,643 10,266 21,808,909
<br />Total capital assets 22,609,619 10,266 22,619,885
<br />Total noncurrent assets 32,758,964 10,266 32,769,230
<br />Total assets 43,635,529 197,366 43,832,895
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Related to OPEB 341,763 - 341,763
<br />Related to pensions 687,350 132,244 819,594
<br />Total deferred outflows of resources 1,029,113 132,244 1,161,357
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable 215,128 13,763 228,891
<br />Deposits payable 20,170 11,071 31,241
<br />Compensated absences - due within one year 89,169 5,247 94,416
<br />Long-term debt - due within one year 46,980 - 46,980
<br />Total current liabilities 371,447 30,081 401,528
<br />Noncurrent liabilities:
<br />Net OPEB liability 787,332 - 787,332
<br />Net pension liability 3,284,460 592,944 3,877,404
<br />Compensated absences - due in more than one year 110,682 3,502 114,184
<br />Long term debt - due in more than one year 2,587,720 - 2,587,720
<br />Total noncurrent liabilities 6,770,194 596,446 7,366,640
<br />Total liabilities 7,141,641 626,527 7,768,168
<br />DEFERRED INFLOWS OF RESOURCES
<br />Related to OPEB 54,309 - 54,309
<br />Total deferred inflows of resources 54,309 - 54,309
<br />NET POSITION
<br />Net investment in capital assets 19,974,919 10,266 19,985,185
<br />Restricted for debt service 10,149,345 - 10,149,345
<br />Unrestricted (deficit)7,344,428 (307,183) 7,037,245
<br />Total net position (deficit)37,468,692$ (296,917)$ 37,171,775$
<br />June 30, 2025
<br />Non-Major Enterprise Funds
<br />City of Redwood City
<br />Combining Statement of Net Position
<br />See accompanying Notes to the Basic Financial Statements.
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