Laserfiche WebLink
City of Redwood City 7.1.G. - Page 78 <br /> Notes to the Basic Financial Statements <br /> For the year ended June 30, 2013 <br /> NOTE 4 — CAPITAL ASSETS (CONTINUED) <br /> 8. Depreciation Allocation <br /> Depreciation expense was charged to functions and programs based on their usage of the related assets. <br /> The amounts allocated to each function or program are as follows: <br /> Governmental Activities <br /> Community development $ 217,268 <br /> Human services 84,011 <br /> Public safety 1,169,515 <br /> Transportation 4,625,785 <br /> Leisure, cultural, and information services 1,915,761 <br /> Policy development and implementation 695,652 <br /> Environmental support and protection 256,654 <br /> Total Depreciation Expense - Governmental Activities $ 8,964,646 <br /> Business -Type Activities <br /> Water Utility Fund $ 2,832,510 <br /> Sewer Utility Fund 525,718 <br /> Parking Fund 579,574 <br /> Port of Redwood City 1,263,560 <br /> Docktown Marina 32,258 <br /> Total Depreciation Expense- Business -Type Activities $ 5,233,620 <br /> NOTE 5 — INVESTMENT IN SOUTH BAYSIDE SYSTEM AUTHORITY <br /> Redwood City has an investment of $30,839,653 in a joint powers authority (JPA) with the cities of San <br /> Carlos and Belmont and the West Bay Sanitation District. In addition, the City and the Port of Redwood <br /> City have investments of $4,717,907 and $400,000, respectively, in South Bayside System Authority <br /> (SBSA) stage 11 construction. SBSA operates and maintains a sewer plant which was jointly constructed <br /> with federal and state grants and contributions from participating entities. The SBSA is run by its board <br /> of directors which is comprised of four members. The City Councils of each member city and the board <br /> of the West Bay Sanitation District each select one of their own members to serve on this board. No <br /> member agency has control of SBSA's budget, finances, or operations. The board acts autonomously of <br /> the respective member agencies. <br /> Audited financial statements are available from South Bayside System Authority, 1400 Radio Road, <br /> Redwood City, CA 94065. <br /> 50 <br />