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EXHIBIT B <br /> FORM OF ANNUAL REPORT <br /> $ <br /> CTTY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY, <br /> WATER REVENUE REFUNDING BONDS, <br /> SERIES 2015 <br /> Date of this Annual Report: <br /> For Fiscal Year: <br /> This Annual Report is hereby submitted under SecHon 4 of the Continuing Disclosure Certificate <br /> (the "Disclosure Certificate")dated May 1, 2015, executed by the undersigned (the "City") for and on <br /> behalf of itself and the City of Redwood City Public Financing Authority(the"Authority")in connection <br /> with the issuance of the above-capHoned bonds by the Authority. <br /> Capitalized terms used in this Annual Report but not otherwise defined have the meanings given <br /> to them in the Disclosure Certificate. • <br /> Any or all of the items listed below may be included by specific reference to other documents, <br /> including official statements of debt issues of the City or related public entities, which have been <br /> submitted to each of the Repositories or the Securities and Exchange Commission. If the document <br /> included by reference is a final official statement, it must be available Erom the Municipal Securities <br /> Rulemaking Board through its Electronic Munict'pa! Market Access" ("EMMA") the centralized on-line <br /> repository.The City shall clearly identify each such other document so included by reference. <br /> I.Audited Financial Statements <br /> Attached are audited financial statements of the City, which include financial statements of the <br /> City's municipal water system enterprise (the "Enterprise") prepared in accordance with Generally <br /> Accepted Accounting Principles as promulgated to apply to governmental entities from time to time by <br /> the Governmental Accounting Standards Board. <br /> II.Existing Water Supply and Demand <br /> The table below sets forth the average daily demand and maximum daily demand on the <br /> Enterprise for the prior Fiscal Year. <br /> Average Dai1y Demand Maximum Daily Demand <br /> (MGD) (MGD) <br /> Current Demand <br /> Current Supply Regional Water System <br /> Current Supply Recycled Water <br /> Current Capacity Surplus <br /> Exhib;t B <br /> Page 1 <br />