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<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />GOVERNMENTAL FUNDS
<br />STATEMENT OF REVENUES, EXPENDITURES
<br />AND CHANGES IN FUND BALANCE
<br />FOR THE YEAR ENDED JUNE 30, 2005
<br />
<br /> Capital Redevelopment Other Total
<br /> General Outlay Agency Governmental Governmental
<br /> Fund Fund Fund Funds Funds
<br /> $ $ $ $ $
<br />REVENUES
<br />Property taxes/special assessments 21,570,524 6,404,456 5,032,828 33,007,808
<br />Sales and other taxes 29,920,574 29,920,574
<br />Licenses and permits 1,086,454 1,086,454
<br />Fines, forfeitures and penalties 670,968 341,240 1,012,208
<br />Use of money and property 1,359,651 441,431 602,815 3,591,489 5,995,386
<br />Net increase (decrease) in fair value of investments (14,390) (6,013) (1,663) (76,894) (98,960)
<br />Intergovernmental 8,461,735 682,018 7,886,009 17,029,762
<br />Contributions 8,457,130 4,807,966 13,265,096
<br />Charges for CUITent services 5,895,620 23,170 5,918,790
<br />Other 1,044,808 1,124 251,284 1,297,216
<br />Total Revenues 69,995,944 1,118,560 15,462,738 21,857,092 108,434,334
<br />EXPENDITURES
<br />CuITent Operations:
<br />Community development 7,129,785 29,012 4,082,148 2,398,583 13,639,528
<br />Human services 1,153,640 1,153,640
<br />Public safety 37,726,080 46,542 129,330 37,901,952
<br />Transportation 150,568 1,396,175 5,168,784 6,715,527
<br />Environmental support and protection 210,012 803,163 1,764,893 2,778,068
<br />Leisure, cultural and information services 15,802,253 347,444 16,149,697
<br />Policy development and implementation 1,292,137 585,555 1,877 ,692
<br />Capital outlay 57,381 17,030,835 7,507,298 8,928,727 33,524,241
<br />Debt service:
<br />Principal retirement 42,321 4,620,000 4,662,321
<br />Interest and fiscal charges 74,004 2,683,234 2,757,238
<br />Total Expenditures 63,521,856 20,312,730 11,631,767 25,693,551 121,159,904
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER EXPENDITURES 6,474,088 (19,194,170) 3,830,971 (3,836,459) (12,725,570)
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in 616,240 14,383,298 3,731,601 18,731,139
<br />Transfers (out) (7,390,826) (441,431) (10,437,792) (436,281) (18,706,330)
<br />Sale of property 25,387 25,387
<br />Contribution from (to) other funds 2,600,000 (2,600,000)
<br />Gain from sale of land held for redevelopment 230,991 230,991
<br />Total Other Financing Sources (Uses) (6,749,199) 16,541,867 (13,037,792) 3,526,311 281,187
<br />NET CHANGE IN FUND BALANCES (275,111) (2,652,303) (9,206,821) (310,148) (12,444,383)
<br />Fund balances at beginning of period 38,871,904 31,033,066 27,309,938 53,314,053 150,528,961
<br />FUND BALANCES AT END OF PERIOD 38,596,793 28,380,763 18,103,117 53,003,905 138,084,578
<br /> See accompanying notes to financial statements
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