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<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />INTERNAL SERVICE FUNDS
<br />COMBINING STATEMENT OF NET ASSETS
<br />JUNE 30, 2004
<br />
<br /> Equipment Self Internal Employee
<br /> Services Insurance Services Benefits
<br /> Fund Fund Fund Fund Total
<br />ASSETS $ $ $ $ $
<br />Current assets:
<br />Cash and investments available for operations 6,319,904 6,478,391 12,549 526,024 13,336,868
<br />Receivables (net of allowance for uncollectibles):
<br />Accounts 19,538 90,428 109,966
<br />Due from other governmental agencies 246 246
<br />Due from other funds 1,000,000 1,000,000 2,000,000
<br />Inventory of supplies at cost 258,041 258,041
<br />Total current assets 6,597,483 7,478,637 1,1 02,977 526,024 15,705,121
<br />Noncurrent assets:
<br />Capital assets:
<br />Equipment, net 4,586,898 298,526 4,885,424
<br />Net capital assets 4,586,898 298,526 4,885,424
<br />Total noncurrent assets 4,586,898 298,526 4,885,424
<br />Total assets 11,184,381 7,478,637 1,401,503 526,024 20,590,545
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable 114,582 167,912 60,548 45,904 388,946
<br />Insurance claims payable 7,128,314 7,128,314
<br />Accrued sick leave and vacation 163,864 579,092 742,956
<br />Total current liabilities 278,446 7,296,226 639,640 45,904 8,260,216
<br />T otalliabilities 278,446 7,296,226 639,640 45,904 8,260,216
<br />NET ASSETS
<br />Invested in capital assets, net of related debt 4,586,898 298,526 4,885,424
<br />Unrestricted 6,319,037 182,411 463,337 480,120 7,444,905
<br />Total net assets 10,905,935 182,411 761,863 480,120 12,330,329
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<br />86
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