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CITY OF REDWOOD CITY, CALIFORNIA
<br />STATEMENT OF ACTIVITIES
<br />FOR THE FISCAL YEAR ENDED JUNE 30, 2017
<br />Net (Expense) Revenue and
<br />Program Revenues Changes in Net Position
<br />Operating Capital
<br />Overhead Charges for Grants and Grants and Governmental Business‐Type
<br />Functions/Programs Expenses Charges Services Contributions Contributions Activities Activities Total
<br />$$$$$$$$
<br />Governmental Activities:
<br />Community development 11,283,201 8,087,438 2,229,031 2,384,506 1,417,774 $1,417,774
<br />Human services 1,829,157 (1,829,157)(1,829,157)
<br />Public safety 70,531,632 8,215,731 1,179,369 (61,136,532)(61,136,532)
<br />Transportation 15,543,459 1,712,031 3,030,427 (10,801,001)(10,801,001)
<br />Environmental support and protection 1,873,886 45,043 1,541,388 17,972 23,392 (336,177)(336,177)
<br />Leisure, cultural and information services 27,413,602 3,534,018 2,958,353 1,566,230 (19,355,001)(19,355,001)
<br />Policy development and implementation 9,722,747 (1,013,051) 4,906,365 427,669 350,000 (3,025,662)(3,025,662)
<br />Interest on long term debt 63,308 (63,308)(63,308)
<br />Total Governmental Activities 138,260,992 (968,008) 26,284,940 8,524,425 7,354,555 (95,129,064)(95,129,064)
<br />Business‐Type Activities:
<br />Water Utility Fund 36,206,753 581,880 36,744,157 61,904 1,689,862 1,707,290 1,707,290
<br />Sewer Utility Fund 26,412,632 262,899 37,068,780 226,185 10,619,434 10,619,434
<br />Parking Fund 2,912,895 92,061 1,964,629 1,568 4,925,000 3,886,241 3,886,241
<br />Port of Redwood City 5,692,117 7,127,814 4,134 1,439,831 1,439,831
<br />Docktown Marina 1,376,969 31,168 693,355 (714,782) (714,782)
<br />Total Business‐Type Activities 72,601,366 968,008 83,598,735 67,606 6,841,047 16,938,014 16,938,014
<br />Total 210,862,358 109,883,675 8,592,031 14,195,602 (95,129,064) 16,938,014 (78,191,050)
<br />General revenues:
<br />Taxes:
<br /> Property taxes 52,616,638 213,553 52,830,191
<br /> Sales taxes 24,825,685 24,825,685
<br /> Franchise taxes 4,321,659 4,321,659
<br /> Property transfer taxes 809,638 809,638
<br /> Business license taxes 2,581,968 2,581,968
<br /> Utility users taxes 9,827,780 9,827,780
<br /> Transient occupancy taxes 6,552,893 6,552,893
<br /> Motor vehicle in lieu tax 205,123 205,123
<br />Investment Earnings 1,242,098 606,423 1,848,521
<br />Other 332,294 658 332,952
<br />Transfers (2,681,630) 2,681,630
<br />Total general revenues and transfers 100,634,146 3,502,264 104,136,410
<br />Change in Net Position 5,505,082 20,440,278 25,945,360
<br />Net position‐Beginning 159,691,376 236,373,510 396,064,886
<br />Net position‐Ending 165,196,458 256,813,788 422,010,246
<br />See accompanying notes to financial statements
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<br />6.1.E. - Page 45
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