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CITY OF REDWOOD CITY, CALIFORNIA
<br />PROPRIETARY FUNDS
<br />STATEMENT OF REVENUES, EXPENSES
<br />AND CHANGES IN FUND NET POSITION
<br />FOR THE FISCAL YEAR ENDED JUNE 30, 2017
<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 36,744,157 37,068,780 1,964,629 7,127,814 693,355 83,598,735 32,900,770
<br />Total Operating Revenues 36,744,157 37,068,780 1,964,629 7,127,814 693,355 83,598,735 32,900,770
<br />Operating Expenses:
<br />Employee services 5,393,814 2,993,100 1,306,107 1,509,962 205,562 11,408,545 14,073,752
<br />Maintenance 1,471,824 891,596 80,203 192,541 21,575 2,657,739 944,851
<br />Water purchases 16,883,197 16,883,197
<br />Utilities 947,541 726,078 108,296 227,572 59,757 2,069,244 32,081
<br />Contractual services 1,195,090 16,531,985 390,461 373,274 885,003 19,375,813 4,385,605
<br />Supplies and services 3,703,147 2,632,383 417,187 510,136 160,225 7,423,078 3,241,254
<br />Noncapitalized projects 3,663 1,611,375 889 13,751 1,629,678
<br />Depreciation and amortization 3,027,920 670,287 564,852 1,562,952 32,258 5,858,269 1,310,890
<br />Insurance and claims 1,816,839 618,727 136,961 293,092 30,006 2,895,625 7,440,813
<br />Total Operating Expenses 34,443,035 26,675,531 3,004,956 4,669,529 1,408,137 70,201,188 31,429,246
<br />Operating Income (Loss)2,301,122 10,393,249 (1,040,327) 2,458,285 (714,782) 13,397,547 1,471,524
<br />Nonoperating Revenues (Expenses):
<br />Gain (loss) on disposal of capital assets (18,287)
<br />Property taxes 213,553 213,553
<br />Grant revenue 61,904 1,568 4,134 67,606
<br />Investment earnings 8,478 225,234 83,774 107,911 27,914 453,311 255,384
<br />Interest expense (2,132,723)(595,005)(2,727,728)
<br />Increase (decrease) in investment in sewer authority 153,112 153,112
<br />Insurance recovery 658 658 53,088
<br />Contributions
<br />Other (212,875) (427,583) (640,458)
<br />Net Nonoperating Revenues (Expenses)(2,274,558) 378,346 298,895 (910,543) 27,914 (2,479,946) 290,185
<br />Net Income (Loss) Before Capital Contributions
<br /> and Transfers 26,564 10,771,595 (741,432) 1,547,742 (686,868) 10,917,601 1,761,709
<br />Capital contributions 1,689,862 226,185 4,925,000 6,841,047 172,178
<br />Transfers in 691,113 101,815 2,406,537 3,199,465 1,000,000
<br />Transfers (out)(517,835)(517,835) (8,565)
<br />Total Capital Contributions and Transfers 2,380,975 (291,650) 5,026,815 2,406,537 9,522,677 1,163,613
<br />Change in net position 2,407,539 10,479,945 4,285,383 1,547,742 1,719,669 20,440,278 2,925,322
<br />Total net position‐beginning 74,904,185 92,950,997 30,835,867 34,990,636 2,691,825 236,373,510 9,234,790
<br />Total net position‐ending 77,311,724 103,430,942 35,121,250 36,538,378 4,411,494 256,813,788 12,160,112
<br />See accompanying notes to financial statements
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<br />6.1.E. - Page 54
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