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Governmental Business-Type
<br />Activities Activities Total
<br />ASSETS
<br />Current assets:
<br />Cash and investments 285,277,242$ 155,401,649$ 440,678,891$
<br />Accounts receivable, net 5,859,234 10,013,539 15,872,773
<br />Interest receivable 5,589,648 68 5,589,716
<br />Taxes receivable 17,901,299 828 17,902,127
<br />Leases receivable - due in one year 160,852 1,083,244 1,244,096
<br />Intergovernmental receivable 10,385,270 4,915,537 15,300,807
<br />Prepaid items, inventory, and deposits 2,406,812 1,463,393 3,870,205
<br />Total current assets 327,580,357 172,878,258 500,458,615
<br />Noncurrent assets:
<br />Restricted cash and investments 41,215,282 11,444,898 52,660,180
<br />Investment in Silicon Valley Clean Water capacity rights - 400,000 400,000
<br />Prepaid bond insurance - 10,699 10,699
<br />Investment in Sewer Authority - 43,351,333 43,351,333
<br />Loans receivable, net 14,262,941 - 14,262,941
<br />Leases receivable - due in more than one year 1,661,758 10,877,510 12,539,268
<br />Property held for development 710,241 - 710,241
<br />Capital assets:
<br />Non-depreciable 165,029,896 23,496,985 188,526,881
<br />Depreciable/amortizable, net 198,479,119 233,397,502 431,876,621
<br />Total capital assets 363,509,015 256,894,487 620,403,502
<br />Total noncurrent assets 421,359,237 322,978,927 744,338,164
<br />Total assets 748,939,594 495,857,185 1,244,796,779
<br />
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred amount on refunding - 139,166 139,166
<br />Related to OPEB 20,771,861 2,184,008 22,955,869
<br />Related to pensions 56,611,963 5,917,486 62,529,449
<br />Total deferred outflows of resources 77,383,824 8,240,660 85,624,484
<br />
<br />June 30, 2025
<br />Statement of Net Position
<br />City of Redwood City
<br />Primary Government
<br />See accompanying Notes to the Basic Financial Statements.
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