AgdaPkt 2017-12-18 Special Joint SA PFA

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City of Redwood City Management’s Discussion and Analysis For the fiscal year ended June 30, 2017 9 Changes in City’s Net Position (in Millions) Governmental Business-type Activities Activities Total 2017 2016 2017 2016 2017 2016 Variance Revenues $$$$$$ Charges for services: Community development 8.087 6.340 8.087 6.340 27.56% Public safety 8.216 7.905 8.216 7.905 3.93% Environmental support and protection 1.541 1.461 1.541 1.461 5.48% Leisure, cultural and information services 3.534 3.091 3.534 3.091 14.33% Policy development and implementation 4.906 1.776 4.906 1.776 176.24% Water 36.744 35.203 36.744 35.203 4.38% Sewer 37.069 45.510 37.069 45.510 -18.55% Parking 1.965 2.401 1.965 2.401 -18.16% Port of Redwood City 7.128 6.780 7.128 6.780 5.13% Docktown Marina 0.693 0.664 0.693 0.664 4.37% Operating grants and contributions: Community development 2.229 2.160 2.229 2.160 3.19% Public safety 1.179 0.977 1.179 0.977 20.68% Transportation 1.712 1.486 1.712 1.486 15.21% Environmental support and protection 0.018 0.015 0.018 0.015 20.00% Leisure, cultural and information services 2.958 2.490 2.958 2.490 18.80% Policy development and implementation 0.428 0.629 0.428 0.629 -31.96% Water 0.062 0.016 0.062 0.016 287.50% Parking 0.002 0.001 0.002 0.001 100.00% Port of Redwood City 0.004 0.004 n/a Capital grants and contributions: Community development 2.385 1.116 2.385 1.116 113.71% Transportation 3.031 6.483 3.031 6.483 -53.25% Environmental support and protection 0.023 0.086 0.023 0.086 -73.26% Leisure, cultural and information services 1.566 4.906 1.566 4.906 -68.08% Policy development and implementation 0.350 0.350 n/a Water 1.690 3.009 1.690 3.009 -43.84% Sewer 0.226 0.023 0.226 0.023 882.61% Parking 4.925 4.925 n/a Port of Redwood City 0.083 0.083 -100.00% General revenues: Taxes/special assessments 101.742 95.747 0.214 0.157 101.956 95.904 6.31% Investment earnings 1.242 1.425 0.606 0.742 1.848 2.167 -14.72% Other 0.332 0.199 0.001 0.001 0.333 0.200 66.50% Total revenues 145.479 138.292 91.329 94.590 236.808 232.882 1.69% Expenses Community development 11.283 10.472 11.283 10.472 7.74% Human services 1.829 1.673 1.829 1.673 9.32% Public safety 70.532 65.192 70.532 65.192 8.19% Transportation 15.543 13.001 15.543 13.001 19.55% Environmental support and protection 1.919 3.524 1.919 3.524 -45.54% Leisure, cultural and information services 27.414 25.393 27.414 25.393 7.96% Policy development and implementation 8.710 6.122 8.710 6.122 42.27% Interest on long term debt 0.063 0.023 0.063 0.023 173.91% Water 36.789 33.505 36.789 33.505 9.80% Sewer 26.676 34.346 26.676 34.346 -22.33% Parking 3.005 3.006 3.005 3.006 -0.03% Port of Redwood City 5.692 5.179 5.692 5.179 9.91% Docktown Marina 1.408 0.826 1.408 0.826 70.46% Total expenses 137.293 125.400 73.570 76.862 210.863 202.262 4.25% Change in net position before transfers 8.186 12.892 17.759 17.728 25.945 30.620 -15.27% Transfers (2.682)(3.453)2.682 3.453 Change in net position 5.504 9.439 20.441 21.181 25.945 30.620 -15.27% Net position - July 1, as restated 159.692 150.253 236.373 215.192 396.065 365.445 8.38% Net position - June 30 165.196 159.692 256.814 236.373 422.010 396.065 6.55% 6.1.E. - Page 32