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<br />.~ City of Redwood City <br />. Redwood. , <br />~OIIV"""'" Budget Study Sessions <br />I -., <br />~' FY 2005/06 <br /> <br />FY 2005/06 <br />Redeveloement Agency <br /> <br />Highlights - Operating Budget <br /> <br />Transfer of approximately $2.9 million from operating <br />fund to capital improvement program, made possible <br />because of: <br /> <br />. <br /> <br />Higher beginning fund b'alance <br /> <br />Draw down of capitalized interest funds from <br />bonds <br /> <br />Increase in tax increment revenues in both FY <br />2004/05 and FY 2005/06 <br /> <br />. <br /> <br />. <br /> <br />~ <br /> <br />. <br /> <br />~ <br /> <br />