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6.1.E. - Page 59 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 30,2015
<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 35,035,470 32,562,305 2,019,961 6,721,955 681,115 77,020,806 25,708,302
<br /> Total Operating Revenues 35,035,470 32,562,305 2,019,961 6,721,955 681,115 77,020,806 25,708,302
<br /> Operating Expenses:
<br /> Employee services 4,596,789 2,144,939 1,204,887 1,372,195 220,641 9,539,451 8,828,379
<br /> Maintenance 1,604,516 903,838 175,992 137,402 87,418 2,909,166 2,259,226
<br /> Water purchases 13,338,666 13,338,666
<br /> Utilities 387,165 193,474 121,783 250,766 124,314 1,077,502 47,285
<br /> Contractual services 541,584 14,414,524 549,101 712,518 105,723 16,323,450 788,953
<br /> Supplies and services 4,565,018 3,555,010 285,376 963,667 192,857 9,561,928 1,427,422
<br /> Noncapitalized projects 396,282 288,242 684,524
<br /> Depreciation and amortization 2,961,709 581,078 579,103 1,008,924 32,258 5,163,072 1,224,560
<br /> Insurance and claims 12,921,862
<br /> Total Operating Expenses 28,391,729 22,081,105 2,916,242 4,445,472 763,211 58,597,759 27,497,687
<br /> Operating Income(Loss) 6,643,741 10,481,200 (896,281) 2,276,483 (82,096) 18,423,047 (1,789,385)
<br /> Nonoperating Revenues(Expenses):
<br /> Gain(loss)on disposal of capital assets (5,608)
<br /> Property taxes 123,954 123,954
<br /> Grant revenue
<br /> Investment earnings 286,936 177,602 74,191 47,561 415 586,705 269,178
<br /> Interest expense (2,545,446) (791,283) (3,336,729)
<br /> Increase(decrease)in investment in sewer authority (4,359,307) (4,359,307)
<br /> Insurance recovery 1,274 1,262 2,536 14,257
<br /> Contributions 23,506
<br /> Other 5,111 5,111
<br /> Net Nonoperating Revenues(Expenses) (2,257,236) (4,181,705) 199,407 (738,611) 415 (6,977,730) 301,333
<br /> Net Income(Loss)Before Capital Contributions
<br /> and Transfers 4,386,505 6,299,495 (696,874) 1,537,872 (81,681) 11,445,317 (1,488,052)
<br /> Capital contributions 2,046,643 1,634,035 3,680,678 246,716
<br /> Transfers in 22,230 22,230 2,200,000
<br /> Transfers(out) (14,722)
<br /> Total Capital Contributions and Transfers 2,046,643 1,634,035 22,230 3,702,908 2,431,994
<br /> Change in net position 6,433,148 7,933,530 (696,874) 1,537,872 (59,451) 15,148,225 943,942
<br /> Total net position-beginning,as restated(Note 1N) 62,752,498 73,819,069 31,870,692 31,707,525 (105,653) 200,044,131 6,903,263
<br /> Total net position-ending 69,185,646 81,752,599 31,173,818 33,245,397 (165,104) 215,192,356 7,847,205
<br /> See accompanying notes to financial statements
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