Laserfiche WebLink
Parking Fund <br /> <br />Redwood City maintains on-street and off-street parking spaces within the downtown area. <br />The parking fund had net income of $40,000 for the year ending June 30, 2001 while <br />generating $139,000 of cash in 2000/01. The reason behind this apparent contradiction <br />is that the parking fund is required to recognize non-cash expense (primarily depreciation). <br /> <br />Port <br /> <br />The retained earnings for the Port increased by $2.2 million for the fiscal year ended June <br />30, 2001. Operating revenues increased 22% from $3.7 million to $4.5 million while <br />operating expenses increased from $2.4 million to $2.6 million, or 7%. <br /> <br />Brian Ponty Jill/Greenhorn - '~- '-~"' ;ttEdward P Evere <br />Director of Finance and AEcountant City Manager <br />Financial Planning <br /> <br />Attachments <br />Attachment 1 - Comprehensive Annual Financial Report for Year Ended June 30, 2001 <br />(The Comprehensive Annual Financial Report is available for reference in the City <br />Clerk's Office) <br /> <br />Attachment 2 - Memorandum on the Internal Control Structure <br /> <br /> <br />