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Governmental
<br />Nonmajor Total Activities
<br />Enterprise Enterprise Internal
<br />Funds Funds Service Funds
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable 228,891 9,058,286 2,171,464
<br />Retention payable - 528,385 -
<br />Accrued payroll - 68,477 -
<br />Due to other funds - - -
<br />Deposits payable 31,241 2,410,527 -
<br />Interest payable - 535,437 1,559
<br />Unearned revenue - 2,136,992 -
<br />Compensated absences - due within one year 94,416 954,537 841,665
<br />Claims payable - due within one year - - 5,720,879
<br />Long-term debt - due within one year 46,980 3,740,008 291,739
<br />Total current liabilities 401,528 19,432,649 9,027,306
<br />Noncurrent liabilities:
<br />Advances from other funds - - -
<br />Net OPEB liability 787,332 5,575,549 4,729,280
<br />Net pension liability 3,877,404 26,734,817 21,241,350
<br />Compensated absences - due in more than one year 114,184 1,196,318 1,195,292
<br />Claims payable - due in more than one year - - 24,797,849
<br />Long term debt - due in more than one year 2,587,720 38,458,399 300,290
<br />Total noncurrent liabilities 7,366,640 71,965,083 52,264,061
<br />Total liabilities 7,768,168 91,397,732 61,291,367
<br />DEFERRED INFLOWS OF RESOURCES
<br />Related to leases - 10,932,756 -
<br />Deferred amount on refunding - 708,513 -
<br />Related to OPEB 54,309 349,658 326,219
<br />Total deferred inflows of resources 54,309 11,990,927 326,219
<br />NET POSITION
<br />Net investment in capital assets 19,985,185 213,598,348 17,201,089
<br />Restricted for capital projects 10,149,345 10,149,345 -
<br />Restricted for debt service - 1,109,134 -
<br />Unrestricted 7,037,245 175,852,359 25,091,637
<br />Total net position 37,171,775$ 400,709,186$ 42,292,726$
<br />
<br />June 30, 2025
<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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