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6.1.F. - Page 46 CITY OF REDWOOD CITY,CALIFORNIA
<br /> STATEMENT OF NET ASSETS
<br /> JUNE 30,2012
<br /> Governmental Business-Type
<br /> Activities Activities Total
<br /> $ $ $
<br /> ASSETS
<br /> Cash and investments available for operations 101,717,752 42,737,143 144,454,895
<br /> Cash and investments,restricted 7,580,915 17,352,155 24,933,070
<br /> Receivables(net of allowance for uncollectibles):
<br /> Taxes and assessments-current 6,251,475 6,251,475
<br /> Accounts 1,551,666 4,482,629 6,034,295
<br /> Loans 10,530,141 10,530,141
<br /> Accrued interest 818,344 23,672 842,016
<br /> Due from other governmental agencies 3,198,336 3,099,480 6,297,816
<br /> Advancesto RDA successoragency 3,957,246 3,957,246
<br /> Inventory of supplies at cost 151,159 151,159
<br /> Deposits 250,000 250,000
<br /> Prepaid items 46,731 258,193 304,924
<br /> Investment in land held for redevelopment 5,741,208 5,741,208
<br /> Capital assets:
<br /> Nondepreciable 43,304,888 12,659,294 55,964,182
<br /> Depreciable buildings,property,equipment and infrastructure,net 148,089,635 162,342,245 310,431,880
<br /> Unamortized bond issuance costs 141,270 1,299,695 1,440,965
<br /> Investment in sewer authority 35,484,220 35,484,220
<br /> Total assets 333,330,766 279,738,726 613,069,492
<br /> LIABILITIES
<br /> Accounts payable 4,980,682 4,706,945 9,687,627
<br /> Accrued interest payable 107,245 1,230,008 1,337,253
<br /> Accrued payroll 4,369,281 4,369,281
<br /> Deposits payable 5,432,202 943,270 6,375,472
<br /> Due to other governmental agencies 10,305,220 10,305,220
<br /> Insurance claims payable:
<br /> Due in one year 2,829,548 2,829,548
<br /> Due in more than one year 8,949,242 8,949,242
<br /> Unearned revenue 1,302,201 2,667,914 3,970,115
<br /> Accrued sick leave and vacation:
<br /> Due in one year 563,606 529,018 1,092,624
<br /> Due in more than one year 9,318,611 472,582 9,791,193
<br /> Net OPEB obligation due in more than one year 6,401,179 582,340 6,983,519
<br /> Long-Term Debt:
<br /> Due in one year 750,000 2,509,144 3,259,144
<br /> Due in more than one year 5,131,999 83,496,874 88,628,873
<br /> Totalliabilities 60,441,016 97,138,095 157,579,111
<br /> NET ASSETS
<br /> Invested in capital assets,net of related debt 185,512,524 107,036,885 292,549,409
<br /> Restricted for:
<br /> Capital projects 17,476,987 364,097 17,841,084
<br /> Debt service 1,021,506 5,504,302 6,525,808
<br /> Community development projects 15,623,053 15,623,053
<br /> Maintenance 4,991,250 4,991,250
<br /> Public safety 125,871 125,871
<br /> Total restricted net assets 39,238,667 5,868,399 45,107,066
<br /> Unrestricted net assets 48,138,559 69,695,347 117,833,906
<br /> Total net assets 272,889,750 182,600,631 455,490,381
<br /> See accompanying notes to financial statements
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