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6.1 B
<br /> CITY OF REDWOOD CITY, CALIFORNIA Page 48
<br /> PROPRIETARY FUNDS
<br /> STATEMENT OF NET ASSET�
<br /> JUNE 30, 2010
<br /> Business-Type Activities-Enterprise Funds Governmental
<br /> Water Sewer Activities-
<br /> Utility Utility Parking Port of Internal Service
<br /> Fund Fund Fund Redwood City Totals Funds
<br /> 5 S 5 S $ $
<br /> ASSETS
<br /> Current assets:
<br /> Cash and investments available for operations 11,911,798 5,910,760 396,675 17,510,391 35,729,624 22,032,912
<br /> Receivables (net of allowance for uncollectibles):
<br /> Accounts 1,881,805 1,042,722 10,123 523,676 3,458,326 16,806
<br /> Accrued interest 26,330 26,330
<br /> Due from other governmental agencies 289,224 893,614 559,319 1,742,157 155,563
<br /> Inventory of supplies at cost 206,930
<br /> Advancesto otherfunds 416,667 416,667 1,500,000
<br /> Deposits 136,424 136,424 254,302
<br /> Prepaid items 238,719 238,719
<br /> Total current assets 14,662,248 7,847,096 406,798 18,832,105 41,748,247 24,166,513
<br /> Noncurrent assets: �
<br /> Cash and investments, restricted 11,008,241 905,271 11,913,512 I
<br /> Capital assets:
<br /> Nondepreciable 22,312,360 1,282,798 822,913 3,632,638 28,050,709
<br /> Depreciable buildings, property, equipment
<br /> and infrastructure, net 84,825,065 12,892,002 25,374,245 11,241,922 134,333,234 8,411,683
<br /> Unamortized bond issuance costs 1,143,482 158,035 1,301,517
<br /> Investment in sewer authority 31,016,948 400,000 31,416,948
<br /> Total noncurrent assets 119,289,148 45,191,748 26,197,158 16,337,866 207,015,920 8,411,683
<br /> Total assets 133,951,396 53,038,844 26,603,956 35,169,971 248,764,167 32,578,196
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 3,207,983 348,490 35,036 525,552 4,117,061 432,316
<br /> Deposits payable 578,538 22,904 171,922 773,364
<br /> Insurance claims payable - current portion 3,133,466
<br /> Advancesfrom otherfunds 416,667 416,667
<br /> Accrued sick leave and vacation - current portion 168,140 78,206 36,785 175,062 458,193 340,302
<br /> Revenue bonds payable - current portion 1,718,709 251,364 1,970,073
<br /> Loans/leases payable - current portion 28,969 28,969
<br /> Unearned revenue 223,799 223,799
<br /> Accrued interest payable 1,221,152 583 61,015 1,282,750
<br /> Total current liabilities 6,894,522 843,946 94,725 1,437,683 9,270,876 3,906,084
<br /> Noncurrent liabilities:
<br /> Insurence claims payable 7,922,860
<br /> Accrued sick teave and vacation 195,186 115,506 82,494 393,186 534,489
<br /> Net OPEB obligation 293,461 110,271 50,367 454,099 470,999
<br /> Revenue bonds payable 67,939,001 8,326,698 76,265,699
<br /> Loans payable 1,300,000 519,455 1,819,455
<br /> Total noncurrent liabilities 68,427,648 225,777 1,432,861 8,846,153 78,932,439 8,928,348
<br /> Totalliabilities 75,322,170 1,069,723 1,527,586 10,283,836 88,203,315 12,834,432
<br /> NET ASSETS
<br /> Invested in capital assets,
<br /> net of related debt 37,479,715 14,174,800 24,897,158 14,326,136 90,877,809 8,411,683
<br /> Restricted for capital projects 179,486 179,486
<br /> Restricted for debt service 4,754,770 725,963 5,480,733
<br /> Unrestricted 16,394,741 37,794,321 (274) 9,834,036 64,022,824 11,332,081
<br /> Total net assets 58,629,226 51,969,121 25,076,370 24,886,135 160,560,852 19,743,764
<br /> See accompanying notes to financial statements
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