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6.1 B
<br /> Redevelopment Agency of the City of Redwood City AT ���E1,,��
<br /> Statement of Net Assets
<br /> For the year ended June 30, 2010 '
<br /> ASSETS
<br /> Current assets:
<br /> Cash and investment $ 11,543,865
<br /> Accounts receivable 17,257
<br /> Accrued interest receivable 699,000
<br /> Prepaids 5,
<br /> Total current assets 12,265,
<br /> Noncurrent assets:
<br /> Restricted cash and investment 1,772,066
<br /> Loans receivable 5,969,094
<br /> Investment in land held for redevelopment 3,703,548
<br /> Deferred charges 1,099,270
<br /> Capital assets:
<br /> Non-depreciable 3,531,388
<br /> Depreciable, net 16,452,1
<br /> Total capital assets, net 19,983,556
<br /> Total noncurrent assets 32,527,534
<br /> Total assets 44,793,4
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 1,546,814
<br /> Accrued interest payable 299,969
<br /> Deposits payable 62,497
<br /> Unearned revenues 26,780
<br /> Advances from the City 2,645,939
<br /> Long-term debt - due in one year 1,298,
<br /> Total current liabilities . 5,880,091
<br /> Noncurrent liabilities:
<br /> Long-term debt - due in more than one year 42,251,971
<br /> Total noncurrent liabilities 42,2
<br /> Total liabilities 4 8, 1 3 2, 062
<br /> NET ASSETS/ DEFICIT
<br /> Investment in capital assets, net of related debt (14, 848,598)
<br /> Restricted for:
<br /> Community development projects _
<br /> Low and moderate income housing 1 9,0 7 8,093
<br /> Total restricted net assets 19,0 78,093
<br /> Unrestricted deficit (7,568,151)
<br /> Net assets/ deficit $ (3,338,656)
<br /> See accompanying Notes to Basic Financial Statements.
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