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Water Sewer Port of
<br />Fund Fund Redwood City
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable 4,485,643 2,147,485 2,196,267
<br />Retention payable 325,207 203,178 -
<br />Accrued payroll - - 68,477
<br />Due to other funds - - -
<br />Deposits payable 1,390,628 - 988,658
<br />Interest payable 512,004 - 23,433
<br />Unearned revenue 1,956,324 - 180,668
<br />Compensated absences - due within one year 549,409 211,696 99,016
<br />Claims payable - due within one year - - -
<br />Long-term debt - due within one year 2,623,750 - 1,069,278
<br />Total current liabilities 11,842,965 2,562,359 4,625,797
<br />Noncurrent liabilities:
<br />Advances from other funds - - -
<br />Net OPEB liability 2,842,851 1,358,016 587,350
<br />Net pension liability 12,916,880 6,522,385 3,418,148
<br />Compensated absences - due in more than one year 638,975 344,143 99,016
<br />Claims payable - due in more than one year - - -
<br />Long term debt - due in more than one year 29,777,197 - 6,093,482
<br />Total noncurrent liabilities 46,175,903 8,224,544 10,197,996
<br />Total liabilities 58,018,868 10,786,903 14,823,793
<br />DEFERRED INFLOWS OF RESOURCES
<br />Related to leases - - 10,932,756
<br />Deferred amount on refunding 708,513 - -
<br />Related to OPEB 196,096 93,674 5,579
<br />Total deferred inflows of resources 904,609 93,674 10,938,335
<br />NET POSITION
<br />Net investment in capital assets 100,219,440 62,078,879 31,314,844
<br />Restricted for capital projects - - -
<br />Restricted for debt service 39,856 - 1,069,278
<br />Unrestricted 48,980,351 95,389,972 24,444,791
<br />Total net position 149,239,647$ 157,468,851$ 56,828,913$
<br />
<br />June 30, 2025
<br />Major Funds
<br />City of Redwood City
<br />Statement of Net Position (Continued)
<br />Proprietary Funds
<br />See accompanying Notes to the Basic Financial Statements.
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