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City of Redwood City 7.1.A. - Page 37 <br /> Management's Discussion and Analysis <br /> For the year ended June 30, 2014 <br /> Changes in City's Net Position (in Millions) <br /> Governmental Business -type <br /> Activities Activities Total <br /> 2014 2013 2014 2013 2014 2013 Variance <br /> Revenues $ $ $ $ $ $ <br /> Program revenues: <br /> Community development 10.570 6.004 10.570 6.004 76.049% <br /> Human Services 0.508 0.511 0.508 0.511 - 0.587% <br /> Public safety 8.237 6.051 8.237 6.051 36.126% <br /> Transportation 8.176 5.589 8.176 5.589 46.287% <br /> Environmental support and protection 1.680 1.357 1.680 1.357 23.803% <br /> Leisure, cultural and information services 7.683 12.282 7.683 12.282 - 37.445% <br /> Policy development and implementation 1.937 1.855 1.937 1.855 4.420% <br /> Water 36.272 33.202 36.272 33.202 9.246% <br /> Sewer 25.692 28.100 25.692 28.100 - 8.569% <br /> Parking 1.504 1.367 1.504 1.367 10.022% <br /> Port of Redwood City 6.824 6.263 6.824 6.263 8.957% <br /> Docktown Marina 0.666 0.493 0.666 0.493 35.091% <br /> General revenues: <br /> Taxes /special assessments 84.102 77.956 0.105 0.104 84.207 78.060 7.875% <br /> Investment earnings 0.992 0.301 0.499 0.151 1.491 0.452 229.867% <br /> Gain (loss) on sale of capital assets (3.359) 13.700 10.341 <br /> Other 1.206 1.070 0.004 0.004 1.210 1.074 12.663% <br /> Total revenues 121.732 112.976 85.266 69.684 206.998 182.660 13.324% <br /> Expenses <br /> Community development 8.151 9.090 8.151 9.090 - 10.330% <br /> Human services 1.462 1.562 1.462 1.562 - 6.402% <br /> Public safety 59.435 51.355 59.435 51.355 15.734% <br /> Transportation 11.573 11.332 11.573 11.332 2.127% <br /> Environmental support and protection 2.746 1.996 2.746 1.996 37.575% <br /> Leisure, cultural and information services 22.823 21.550 22.823 21.550 5.907% <br /> Policy development and implementation 5.982 6.031 5.982 6.031 - 0.812% <br /> Interest on long term debt 0.048 0.314 0.048 0.314 - 84.713% <br /> Water 30.592 31.124 30.592 31.124 - 1.709% <br /> Sewer 19.990 19.287 19.990 19.287 3.645% <br /> Parking 2.471 2.430 2.471 2.430 1.687% <br /> Port of Redwood City 5.091 5.628 5.091 5.628 - 9.542% <br /> Docktown Marina 0.705 0.243 0.705 0.243 190.123% <br /> Total expenses 112.220 103.230 58.849 58.712 171.069 161.942 5.636% <br /> Change in net position before transfers 9.512 9.746 26.417 10.972 35.929 20.718 73.419% <br /> Transfers 2.314 (0.473) (2.314) 0.473 <br /> Change in net position 11.826 9.273 24.103 11.445 35.929 20.718 73.419% <br /> Net position - July 1, as restated 282.106 272.833 192.718 181.273 474.824 454.106 4.562% <br /> Net position - June 30 293.932 282.106 216.821 192.718 510.753 474.824 7.567% <br /> GOVERNMENTAL ACTIVITIES <br /> Governmental activities prior to transfers and extraordinary items increased the City's net position by <br /> $9.5 million. Including transfers, governmental activities increased $11.8 million. Transfers in FY 2013 -14 <br /> consisted primarily of the transfer out of the general fund to the parking fund to cover parking operations <br /> 9 <br />