|
CITY OF REDWOOD CITY, CALIFORNIA 6.1.B. - Page 42
<br /> STATEMENTOF NETASSETS
<br /> JUNE 30, 2011
<br /> Governmental Business-Type
<br /> Activities Activities Total
<br /> $ $ $
<br /> ASSETS
<br /> Cash and investments available for operations 103,126,272 39,415,701 142,541,973
<br /> Cash and investments, restricted 11,093,570 8,584,303 19,677,873
<br /> Receivables (net of allowance for uncollectibles):
<br /> Taxes and assessments - current 5,677,023 5,677,023
<br /> Accounts 1,488,510 4,067,957 5,556,467
<br /> Loans 12,419,106 12,419,106
<br /> Accrued interest 1,095,185 27,222 1,122,407
<br /> Due from other governmental agencies 2,200,976 3,327,347 5,528,323
<br /> Inventory of supplies at cost 221,744 221,744
<br /> Deposits 250,000 250,000
<br /> Prepaid items 101,935 274,506 376,441
<br /> Investment in land held for redevelopment 5,741,208 5,741,208
<br /> Capital assets:
<br /> Nondepreciable 43,085,650 26,065,004 69,150,654
<br /> Depreciable buildings, property, equipment and infrastructure, net 167,538,398 145,529,108 313,067,506
<br /> Unamortized bond issuance costs 1,212,925 1,250,490 2,463,415
<br /> Investment in sewer authority 33,694,052 33,694,052
<br /> Total assets 355,252,502 262,235,690 617,488,192
<br /> LIABILITIES
<br /> Accounts payable 5,301,238 4,918,900 10,220,138
<br /> Accrued interest payable 430,833 1,253,738 1,684,571
<br /> Accrued payroll 2,680,514 2,680,514
<br /> Deposits payable 5,558,301 845,400 6,403,701
<br /> Insurance daims payable:
<br /> Due in one year 2,980,087 2,980,087
<br /> Due in more than one year 7,971,873 7,971,873
<br /> Unearned revenue 1,590,316 2,547,203 4,137,519
<br /> Accrued sick leave and vacation:
<br /> Due in one year 345,551 448,136 793,687
<br /> Due in more than one year 9,193,757 384,779 9,578,536
<br /> Net OPEB obligation due in more than one year 6,307,983 545,110 6,853,093
<br /> Long-Term Debt:
<br /> Due in one year 3,348,378 2,079,482 5,427,860
<br /> Due in more than one year 48,395,422 76,006,018 124,401,440
<br /> Totalliabilities 94,104,253 89,028,766 183,133,019
<br /> N ET ASSETS
<br /> Invested in capital assets, net of related debt 169,197,701 101,835,656 271,033,357
<br /> Restricted for:
<br /> Capital projects 15,967,638 251,217 16,218,855
<br /> Debt service 1,918,154 5,587,415 7,505,569
<br /> Community development projects 24,479,214 24,479,214
<br /> Maintenance 6,481,824 6,481,824
<br /> Public safety 112,720 112,720
<br /> Total restricted net assets 48,959,550 5,838,632 54,798,182
<br /> Unrestricted net assets 42,990,998 65,532,636 108,523,634
<br /> Total net assets 261,148,249 173,206,924 434,355,173
<br /> See accompanying notes to financial statements
<br /> 16
<br />
|