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6.1 B
<br /> CITY OF REDWOOD CITY, CALIFORNIA Page 39
<br /> STATEMENT OF NET ASSETS
<br /> JUNE 30, 2010
<br /> Governmental Business-Type
<br /> Activities Activities Total
<br /> ASSETS
<br /> Cash and investments available for operetions 100,214,672 35,729,624 135,944,296
<br /> Cash and investments, restricted 10,910,311 11,913,512 22,823,823
<br /> Receivables (net of allowance for uncollectibles):
<br /> Taxes and assessments - current 5,587,515 5,587,515
<br /> Accounts 1,369,878 3,458,326 4,828,204
<br /> Loans 13,192,699 13,192,699
<br /> Accrued interest 1,276,537 26,330 1,302,867
<br /> Duefrom othergovernmentalagencies 2,843,655 1,742,157 4,585,812
<br /> Inventory of supp�ies at cost 208,124 208,124
<br /> Deposits 254,302 136,424 390,726
<br /> Prepaid items 29,450 238,719 268,169
<br /> Investmentinland heldforredevelopment 5,795,950 5,795,950
<br /> Capital assets:
<br /> Nondepreciable 43,526,558 28,050,709 71,577,267
<br /> I Depreciable buildings, property, equipment and infrastructure, net 170,206,373 134,333,234 304,539,607
<br /> Unamortized bond issuance costs 1,280,901 1,301,517 2,582,418
<br /> Investment in sewer authority 31,416,948 31,416,948
<br /> Total assets 356,696,925 248,347,500 605,044,425
<br /> LIABILITIES
<br /> Accounts payable 5,593,135 4,117,061 9,710,196
<br /> Accrued interest payable 486,881 1,282,750 1,769,631
<br /> Accrued payroll 2,444,789 2,444,789
<br /> Deposits payable 4,838,369 773,364 5,611,733
<br /> Insurance claims payable:
<br /> Due in one year 3,133,466 3,133,466
<br /> Due in more than one year 7,922,860 7,922,860
<br /> Unearned revenue 2,166,757 223,799 2,390,556
<br /> Accrued sick leave and vacation:
<br /> Due in one year 350,539 458,193 808,732
<br /> Due in more than one year 9,293,649 393,186 9,686,835
<br /> Net OPEB obligation due in more than one year 6,220,378 454,099 6,674,477
<br /> Long-Term Debt:
<br /> Due in one year 3,213,378 1,999,042 5,212,420
<br /> Due in more than one year 50,144,256 78,085,154 128,229,410
<br /> Totalliabilities 95,808,457 87,786,648 183,595,105
<br /> NET ASSETS
<br /> Invested in capitalassets, net of related debt 169,093,206 90,877,809 259,971,015
<br /> Restricted for:
<br /> Capital projects 23,500,005 179,486 23,679,491
<br /> Debt service 1,898,198 5,480,733 7,378,931
<br /> Community development projects 24,746,704 24,746,704
<br /> Maintenance 4,333,798 4,333,798
<br /> Public safety 150,108 150,108
<br /> Total restricted net assets 54,628,813 5,660,219 60,289,032
<br /> Unrestricted net assets 37,166,449 64,022,824 101,189,273
<br /> Totai net assets 260,888,468 160,560,852 421,449,320
<br /> See accompanying notes to financial statements
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