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<br />Redevelopment Agency of the City of Redwood City
<br />Statement of Revenues, Expenditures and Changes in Fund Balances
<br />All Governmental Fund Types
<br />For the year ended June 30, 2005
<br /> Low and
<br /> Moderate
<br /> Low and 1997 Tax 2003 Tax Income
<br /> Moderate Allocation Allocation Housing
<br /> Redevelopment Income Refunding Bonds Projects
<br /> Agency Housing Bonds Fund Fund Bonds Fund Total
<br />REVENUES:
<br />Tax increments $ 6,404,456 $ 1,856,496 $ $ $ $ 8,260,952
<br />Use of money and property 602,815 145,359 110,617 17,867 3,092 879,750
<br />Net increase (decrease) in fair
<br />value of investments (1,663) 1,512 (151)
<br />Contributions 8,457,130 8,457,130
<br />Miscellaneous 144,820 144,820
<br />Total revenues 15,462,738 2,148,187 110,617 17,867 3,092 17,742,501
<br />EXPENDITURES:
<br />Current operations:
<br />Community development 4,082,148 1,393,022 5,475,170
<br />Capital outlay 7,507,298 7,507,298
<br />Debt service:
<br />Principal 42,321 1,060,000 1,102,321
<br />Interest and fiscal charges 469,463 792,706 1,262,169
<br />Bond issuance costs
<br />Total expenditures 11,631,767 1,393,022 1,529,463 792,706 15,346,958
<br />REVENUES OVER
<br />(UNDER) EXPENDITURES 3,830,971 755,165 (1,418,846) (774,839) 3,092 2,395,543
<br />OTHER FINANCING SOURCES (USES):
<br />Transfers in 1,431,409 792,664 2,224,073
<br />Transfers (out) (1,937,792) (286,281) (2,224,073)
<br />Transfer to other City funds (8,500,000) (8,500,000)
<br />Contribution to other City 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) (13,037,792) (55,290) 1,431,409 792,664 (10,869,009)
<br />REVENUES AND OTHER
<br />FINANCING SOURCES OVER
<br />(UNDER) EXPENDITURES AND
<br />OTHER FINANCING USES (9,206,821) 699,875 12,563 17,825 3,092 (8,473,466)
<br />FUND BALANCES:
<br />Beginning of year 27,309,938 8,935,150 1,589,437 854,994 153,188 38,842,707
<br />End of year $ 18,103,117 $ 9,635,025 $ 1,602,000 $ 872,819 $ 156,280 $ 30,369,241
<br />See accompanying Notes to Basic Financial Statements.
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