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CITY OF REDWOOD CITY,CALIFORNIA 6.1.F. - Page 55
<br /> PROPRIETARY FUNDS
<br /> STATEMENT OF NET ASSETS
<br /> JUNE 30,2012
<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 /> $ $ $ $ $ $
<br /> ASSETS
<br /> Current assets:
<br /> Cash and investments available for operations 15,370,945 7,701,060 647,452 19,017,686 42,737,143 23,368,816
<br /> Receivables(net of allowance for uncollectibles):
<br /> Accounts 2,429,092 1,232,192 24,960 796,385 4,482,629 19,288
<br /> Accrued interest 23,672 23,672
<br /> Due from other governmental agencies 181,677 1,975,969 941,834 3,099,480 281,637
<br /> Inventory of supplies at cost 150,707
<br /> Deposits 250,000
<br /> Prepaid items 3,215 254,978 258,193
<br /> Total current assets 18,008,601 10,909,221 672,412 21,010,883 50,601,117 24,070,448
<br /> Noncurrent assets:
<br /> Cash and investments,restricted 6,551,796 10,800,359 17,352,155
<br /> Capital assets:
<br /> Nondepreciable 6,335,921 382,743 822,913 5,117,717 12,659,294
<br /> Depreciable buildings,property,equipment
<br /> and infrastructure,net 106,631,828 17,239,938 24,214,152 14,256,327 162,342,245 8,915,403
<br /> Unamortized bond issuance costs 1,050,676 249,019 1,299,695
<br /> Investment in sewer authority 35,084,220 400,000 35,484,220
<br /> Total noncurrent assets 120,570,221 52,706,901 25,037,065 30,823,422 229,137,609 8,915,403
<br /> Total assets 138,578,822 63,616,122 25,709,477 51,834,305 279,738,726 32,985,851
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 3,325,306 197,261 85,578 1,098,800 4,706,945 532,989
<br /> Accrued payroll 552,973
<br /> Deposits payable 787,720 29,914 125,636 943,270
<br /> Insurance claims payable-current portion 2,829,548
<br /> Accrued sick leave and vacation-current portion 197,361 79,475 42,567 209,615 529,018 332,808
<br /> Revenue bonds payable-current portior 1,865,000 612,509 2,477,509
<br /> Loans/leases payable-current portion 31,635 31,635
<br /> Unearned revenue 2,335,750 332,164 2,667,914
<br /> Accrued interest payable 1,167,855 62,153 1,230,008
<br /> Total current liabilities 9,678,992 276,736 158,059 2,472,512 12,586,299 4,248,318
<br /> Noncurrent liabilities:
<br /> Insurance claims payable 8,949,242
<br /> Accrued sick leave and vacation 254,440 119,793 98,349 472,582 559,103
<br /> Net OPEB obligation 301,991 113,476 51,831 115,042 582,340 484,689
<br /> Revenue bonds payable 64,290,292 17,449,035 81,739,327
<br /> Loans payable 1,300,000 457,547 1,757,547
<br /> Total noncurrent liabilities 64,846,723 233,269 1,450,180 18,021,624 84,551,796 9,993,034
<br /> Totalliabilities 74,525,715 510,005 1,608,239 20,494,136 97,138,095 14,241,352
<br /> NET ASSETS
<br /> Invested in capital assets,
<br /> net of related debt 46,812,457 17,622,681 23,737,065 18,864,682 107,036,885 8,915,403
<br /> Restricted for capital projects 364,097 364,097
<br /> Restricted for debt service 4,778,304 725,998 5,504,302
<br /> Unrestricted 12,462,346 45,483,436 76 11,749,489 69,695,347 9,829,096
<br /> Total net assets 64,053,107 63,106,117 24,101,238 31,340,169 182,600,631 18,744,499
<br /> See accompanying notes to financial statements
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