Laserfiche WebLink
6.1 B <br /> Redevelopment Agency of the City of Redwood City Ar�'`�'�iE1�� <br /> Reconciliation of the Governmental Funds Balance Sheet <br /> For the year ended June 30, 2010 <br /> Total Fund Balances - Total Governmental Funds $ 18,729,550 <br /> Amounts reported for governmental activities in the Statement of Net Assets are different because: <br /> Capital assets used in governxnental activities are not financial resources and therefore are not <br /> reported in governmental funds. 19,983,556 <br /> Governmental funds report bond issuance costs as expenditures. In the statement of activities, <br /> however, the cost of issuance is amortized over the life of the bond. 1,099,270 <br /> Deferred revenue recorded in the Fund Financial statements resulting from activities in which <br /> revenues were earned but fiznds were not available are reclassified as revenues in the Government- <br /> Wide Financial Statements. 699,000 <br /> Interest payable on long-term debt does not require current financial resources. Therefore, interest <br /> payable is not reported as a liability in the Governmental Funds Balance Sheet. (299,969) <br /> Long-term liabilities are not due and payable in the current period and therefore they are not <br /> reported in the Governmental Funds Balance Sheet. <br /> Long-term liabilities - due within one year (1,298,092) <br /> Long-term liabilities - due in more than one year ( 42,251,971) <br /> Net Assets of Governmental Activities $ (3,338,656) <br /> � j <br /> i <br /> See accompanying Notes to Basic Financial Statements. <br /> 17 <br />