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CITY OF REDWOOD CITY, CALIFORNIA 7.1.G. - Page 48
<br /> STATEMENT OF NET POSITION
<br /> JUNE 30, 2013
<br /> Governmental Business -Type
<br /> Activities Activities Total
<br /> $ $ $
<br /> ASSETS
<br /> Cash and investments available for operations 105,650,110 53,306,199 158,956,309
<br /> Cash and investments, restricted 6,545,205 10,115,923 16,661,128
<br /> Receivables (net of allowance for uncollectibles):
<br /> Taxes and assessments - current 6,658,966 6,658,966
<br /> Accounts 1,601,369 5,411,508 7,012,877
<br /> Loans 10,476,088 10,476,088
<br /> Accrued interest 860,173 23,681 883,854
<br /> Due from other governmental agencies 2,952,163 1,591,444 4,543,607
<br /> Internal balances 3,000,000 (3,000,000)
<br /> Advances to RDA successor agency 3,957,246 3,957,246
<br /> Inventory of supplies at cost 140,555 140,555
<br /> Deposits 250,000 250,000
<br /> Prepaid items 101,483 979,735 1,081,218
<br /> Investment in land held for redevelopment 5,741,208 5,741,208
<br /> Unamortized bond issuance costs 57,645 1,433,542 1,491,187
<br /> Investment in sewer authority 35,957,560 35,957,560
<br /> Capital assets:
<br /> Nondepreciable 51,230,052 18,337,834 69,567,886
<br /> Depreciable buildings, property, equipment and infrastructure, net 142320470 165,651,359 307,971,829
<br /> Total assets 341,542,733 289,808,785 631,351,518
<br /> LIABILITIES
<br /> Accounts payable 7,457,854 6,773,957 14,231,811
<br /> Accrued interest payable 95,208 753,720 848,928
<br /> Accrued payroll 2,907,558 2,907,558
<br /> Deposits payable 3,913,210 1,013,964 4,927,174
<br /> Due to other governmental agencies 10,305,220 10,305,220
<br /> Insurance claims payable:
<br /> Due in one year 2,502,850 2,502,850
<br /> Due in more than one year 10,897,502 10,897,502
<br /> Unearned revenue 1,915,790 2,534,163 4,449,953
<br /> Accrued sick leave and vacation:
<br /> Due in one year 386,490 549,136 935,626
<br /> Due in more than one year 9,149,443 419,375 9,568,818
<br /> Net OPEB obligation due in more than one year 6,488,784 614,943 7,103,727
<br /> Long -Term Debt:
<br /> Due in one year 324,742 2,524,244 2,848,986
<br /> Due in more than one year 3,035,258 80,579,788 83,615,046
<br /> Total liabilities 59,379,909 95,763,290 155,143,199
<br /> NET POSITION
<br /> Net investment in capital assets 190,190,522 110,901,151 301,091,673
<br /> Restricted for:
<br /> Capital projects 22,846,066 426,117 23,272,183
<br /> Debt service (95,208) 6,211,552 6,116,344
<br /> Community development projects 15,929,859 15,929,859
<br /> Maintenance 5,124,989 5,124,989
<br /> Public safety 151,355 151,355
<br /> Total restricted 43,957,061 6,637,669 50,594,730
<br /> Unrestricted 48,015,241 76,506,675 124,521,916
<br /> Total net position 282,162,824 194,045,495 476,208,319
<br /> See accompanying notes to financial statements
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