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9
<br />CITY OF REDWOOD CITY
<br />General Fund Balance Sheet
<br />June 30, 1999 through 2002 (audited); 2003 (unaudited)
<br />LIABILITIES
<br />Accounts payable
<br />Audited
<br />Audited
<br />Audited
<br />Audh-A
<br />Unaudited
<br />Accrued payroll
<br />1999
<br />2000
<br />2001
<br />2002
<br />2003
<br />ASSETS
<br />3,408,539
<br />4,090,314
<br />4,689,528
<br />5,012,513
<br />4,268,034
<br />Cash and Investments
<br />$32,674,661
<br />$40,459,841
<br />$50,618,119
<br />$43,932,812
<br />$39,226,106
<br />Receivables, net•
<br />1.704.808
<br />1.950.426
<br />2.038.062
<br />1,148.444
<br />1.688.857
<br />Taxes and assessments - current
<br />2,077,976
<br />1,868,898
<br />5,006,560
<br />3,874,715
<br />3,868,722
<br />Accounts
<br />873,509
<br />988,697
<br />1345,667
<br />1,430,625
<br />2,066,770
<br />Accrued interest
<br />574,212
<br />988,934
<br />1,389,191
<br />1,213,966
<br />3,185,175
<br />Due from other government agencies
<br />495,593
<br />500,235
<br />863,177
<br />1,520,708
<br />842,762
<br />Inventory of supplies at cost
<br />378,883
<br />398,488
<br />398,690
<br />408.800
<br />873,782
<br />Advances to other funds
<br />1.196.170
<br />408,746
<br />250.700
<br />90,700
<br />348,135
<br />Prepaid expenditures
<br />4.280
<br />34.808
<br />32.664
<br />21.000
<br />375.167
<br />Total Assets
<br />$38.275.284
<br />545.648.647
<br />$59.904.768
<br />552.493.326
<br />$50.786.619
<br />LIABILITIES
<br />Accounts payable
<br />$ 1,213,701
<br />$ 1,229,139
<br />$1,708,022
<br />$1,730,133
<br />$2,034,290
<br />Accrued payroll
<br />1,443,836
<br />1,673,647
<br />1,797,048
<br />2,522,375
<br />2,646,480
<br />Depposits payable
<br />3,408,539
<br />4,090,314
<br />4,689,528
<br />5,012,513
<br />4,268,034
<br />Deferred revenue
<br />941,700
<br />902,820
<br />520,463
<br />1,018,177
<br />770,210
<br />Accrued sick leave, vacation current
<br />1.704.808
<br />1.950.426
<br />2.038.062
<br />1,148.444
<br />1.688.857
<br />Total Liabilities
<br />8,712,584
<br />9,846,346
<br />10,753,123
<br />11,431,642
<br />11,407,871
<br />FUND BALANCE
<br />Reserved for encumbrances
<br />299,639
<br />296,028
<br />812,688
<br />1,334,455
<br />550,698
<br />Reserved for loans
<br />-
<br />-
<br />3,185,175
<br />Reserved for inventory
<br />378,883
<br />398,88
<br />398,690
<br />408,800
<br />348,135
<br />Reserved for prepaid expenses
<br />4,280
<br />34,808
<br />32,664
<br />21,000
<br />-
<br />Reserved for advances to other funds
<br />1,196,170
<br />408,746
<br />250,700
<br />90,700
<br />375,167
<br />General reserve
<br />250.000
<br />250,00
<br />250,000
<br />250,000
<br />250,000
<br />Unreserved:
<br />Designated for subsequent years
<br />10,841,300
<br />18,392,969
<br />27,008,135
<br />17,682,811
<br />16,916,930
<br />expenditures
<br />Designated for capital projects
<br />11,263,235
<br />11,466,275
<br />11,958,075
<br />11,857.688
<br />11,013.405
<br />Designated for childcare facility
<br />-
<br />3,200,000
<br />3,200,000
<br />Designated for street projects
<br />2,484,956
<br />1.848,967
<br />2,680,768
<br />3.810,728
<br />3,710,493
<br />Designated for library bequest
<br />-
<br />-
<br />-
<br />-
<br />45,399
<br />Designated for Sandpiper Park
<br />2,844,237
<br />2,706,020
<br />2,559,925
<br />2,405,502
<br />2,242,277
<br />Designated for realized /unrealized
<br />-
<br />-
<br />-
<br />-
<br />741,069
<br />investment gains
<br />Total Fund Balance
<br />29,562,700
<br />35,154,549
<br />49,151,645
<br />41,061,684
<br />39,378,748
<br />Total Liabilities and Fund Balances
<br />$38.275.284
<br />$45.648.647
<br />$59.904.768
<br />$52.493.326
<br />$50.786.619
<br />Source: City of Redwood City Audited Financial Statements for the years ending June 30, 1999 through 2002: City of Redwood
<br />City for 2003.
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