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7.1.A. - Page 58 CITY OF REDWOOD CITY, CALIFORNIA
<br /> PROPRIETARY FUNDS
<br /> STATEMENT OF REVENUES, EXPENSES
<br /> AND CHANGES IN FUND NET POSITION
<br /> FOR THE YEAR ENDED JUNE 30, 2014
<br /> Business -Type Activities - Enterprise Funds Governmental
<br /> Water Sewer Non -Major Activities -
<br /> Utility Utility Parking Port of Docktown Internal Service
<br /> Fund Fund Fund Redwood City Marina Totals Funds
<br /> $ $ $ $ $ $ $
<br /> Operating Revenues:
<br /> Charges for services 35,655,559 29,095,415 1,453,519 6,824,474 665,819 73,694,786 24,174,474
<br /> Total Operating Revenues 35,655,559 29,095,415 1,453,519 6,824,474 665,819 73,694,786 24,174,474
<br /> Operating Expenses:
<br /> Employee services 4,678,254 2,049,050 770,485 1,263,098 142,807 8,903,694 8,266,681
<br /> Maintenance 782,923 1,025,697 205,234 99,888 79,212 2,192,954 2,291,137
<br /> Water purchases 12,912,842 12,912,842
<br /> Utilities 386,353 179,960 108,062 213,975 142,012 1,030,362 45,440
<br /> Contractual services 364,962 12,507,833 669,434 670,895 169,884 14,383,008 748,965
<br /> Supplies and services 4,047,927 3,281,795 135,997 947,793 139,215 8,552,727 1,430,452
<br /> Noncapitalized projects 1,859,321 421,860 2,281,181
<br /> Depreciation and amortization 2,923,325 523,563 579,103 1,085,224 32,258 5,143,473 1,203,181
<br /> Insurance and claims 14,189,647
<br /> Total Operating Expenses 27,955,907 19,989,758 2,468,315 4,280,873 705,388 55,400,241 28,175,503
<br /> Operating Income (Loss) 7,699,652 9,105,657 (1,014,796) 2,543,601 (39,569) 18,294,545 (4,001,029)
<br /> Nonoperating Revenues (Expenses):
<br /> Gain (loss) on disposal of capital assets 13,700,440 13,700,440 (57,616)
<br /> Property taxes 104,814 104,814
<br /> Grant revenue 58,535 58,535
<br /> Investment earnings 252,370 126,519 74,191 46,316 190 499,586 247,461
<br /> Interest expense (2,635,987) (2,907) (847,127) (3,486,021)
<br /> Increase (decrease) in investment in sewer authority (4,362,086) (4,362,086)
<br /> Insurance recovery 3,450 682 4,132 23,711
<br /> Contributions 50,000 50,000 10,752
<br /> Other 36,735 36,735
<br /> Net Nonoperating Revenues (Expenses) (2,321,632) (4,234,885) 13,926,538 (764,076) 190 6,606,135 224,308
<br /> Net Income (Loss) Before Capital Contributions
<br /> and Transfers 5,378,020 4,870,772 12,911,742 1,779,525 (39,379) 24,900,680 (3,776,721)
<br /> Capital contributions 557,012 958,929 1,515,941 1,496,864
<br /> Transfers in 426,461 426,461 6,023,047
<br /> Transfers (out) (23,047) (2,717,764) (2,740,811) (15,976)
<br /> Total Capital Contributions and Transfers 557,012 935,882 (2,291,303) (798,409) 7,503,935
<br /> Change in net position 5,935,032 5,806,654 10,620,439 1,779,525 (39,379) 24,102,271 3,727,214
<br /> Total net position- beginning, as restated (Note 1N) 65,149,696 71,965,086 23,583,619 31,769,945 249,940 192,718,286 18,140,294
<br /> Total net position- ending 71,084,728 77,771,740 34,204,058 33,549,470 210,561 216,820,557 21,867,508
<br /> See accompanying notes to financial statements
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