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7.1.G. - Page 57 CITY OF REDWOOD CITY, CALIFORNIA
<br /> PROPRIETARY FUNDS
<br /> STATEMENT OF NET POSITION
<br /> JUNE 30, 2013
<br /> Business -Type Activities- Enterprise Funds Governmental
<br /> Water Sewer Activities -
<br /> Utility Utility Parking Port of Docktown Internal Service
<br /> Fund Fund Fund Redwood City Marina Totals Funds
<br /> $ $ $ $ $ $ $
<br /> ASSETS
<br /> Current assets:
<br /> Cash and investments available for operations 18,768,143 14,771,134 631,362 19,104,524 31,036 53,306,199 21,640,621
<br /> Receivables (net of allowance for uncollectibles):
<br /> Accounts 3,027,262 1,398,628 35,693 884,761 65,164 5,411,508 37,239
<br /> Accrued interest 23,681 23,681 3,719
<br /> Due from other governmental agencies 1,175,852 415,592 1,591,444 202,143
<br /> Due from other funds 300,000
<br /> Inventory of supplies at cost 140,391
<br /> Deposits 250,000
<br /> Prepaid items 3,365 703,023 30,870 242,477 979,735 9,071
<br /> Total current assets 21,822,451 18,048,637 697,925 20,647,354 96,200 61,312,567 22,583,184
<br /> Noncurrent assets:
<br /> Cash and investments, restricted 6,185,213 3,930,710 10,115,923
<br /> Advances to other funds 2,700,000
<br /> Unamortized bond issuance costs 1,193,281 240,261 1,433,542
<br /> Investment in sewer authority 35,557,560 400,000 35,957,560
<br /> Capital assets:
<br /> Nondepreciable 1,008,008 1,006,063 822,913 15,500,850 18,337,834
<br /> Depreciable buildings, property, equipment
<br /> and infrastructure, net 110,857,957 18,638,672 23,634,577 12,310,473 209,680 165,651,359 8,358,048
<br /> Total noncurrent assets 119,244,459 55,202,295 24,457,490 32,382,294 209,680 231,496,218 11,058,048
<br /> Total assets 141,066,910 73,250,932 25,155,415 53,029,648 305,880 292,808,785 33,641,232
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 3,369,974 977,634 94,122 2,284,249 47,978 6,773,957 611,273
<br /> Deposits payable 847,823 33,914 124,265 7,962 1,013,964
<br /> Due to other funds 300,000 300,000
<br /> Insurance claims payable - current portion 2,502,850
<br /> Accrued sick leave and vacation - current portion 194,011 81,898 34,197 239,030 549,136 355,690
<br /> Revenue bonds payable - current portion 1,845,000 646,186 2,491,186
<br /> Loans /leases payable - current portion 33,058 33,058
<br /> Unearned revenue 2,335,750 198,413 2,534,163 40,000
<br /> Accrued interest payable 665,975 87,745 753,720
<br /> Total current liabilities 9,558,533 1,059,532 162,233 3,612,946 55,940 14,449,184 3,509,813
<br /> Noncurrent liabilities:
<br /> Insurance claims payable 10,897,502
<br /> Accrued sick leave and vacation 251,067 111,285 57,023 419,375 602,301
<br /> Advances from other funds 2,700,000 2,700,000
<br /> Net OPEB obligation 306,124 115,029 52,540 141,250 614,943 491,322
<br /> Revenue bonds payable 62,014,542 16,840,756 78,855,298
<br /> Loans payable 1,300,000 424,490 1,724,490
<br /> Total noncurrent liabilities 65,271,733 226,314 1,409,563 17,406,496 84,314,106 11,991,125
<br /> Total liabilities 74,830,266 1,285,846 1,571,796 21,019,442 55,940 98,763,290 15,500,938
<br /> NET POSITION
<br /> Net investment in capital assets 48,006,423 19,644,735 23,157,490 19,882,823 209,680 110,901,151 8,358,048
<br /> Restricted for capital projects 426,117 426,117
<br /> Restricted for debt service 4,743,296 1,468,256 6,211,552
<br /> Unrestricted 13,486,925 52,320,351 12 10,659,127 40,260 76,506,675 9,782,246
<br /> Total net position 66,236,644 71,965,086 23,583,619 32,010,206 249,940 194,045,495 18,140,294
<br /> See accompanying notes to financial statements
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