AgdaPkt 2018-12-17 Joint Special

Browse Search

6.G. - Page 38 of 187 City of Redwood City Management's Discussion and Analysis For the fiscal year ended June 30, 2018 GOVERNMENTAL ACTIVITIES Governmental activities prior to transfers increased the City's net position by $6.2 million. Including transfers, governmental activities net position decreased $185 thousand. Transfers out of governmental activities and into business -type activities during FY 2017-18 consisted of the transfer out of the general fund to the Docktown Marina fund of $6.2 million to cover litigation settlement expenses related to ending residential uses at the marina and a transfer out of the general fund to the water fund in the amount of $200 thousand to support operations. Key elements of the increase/decrease in revenues for governmental activities are as follows: General governmental revenues (non -program) increased by 7.8%, or $8.1 million from FY 2016-17, as almost all broad categories of general revenues increased, other than utility users'taxes and other general revenues, which decreased. Within the broad categories, property taxes increased $5.8 million, sales taxes increased $407 thousand, franchise taxes increased $218 thousand, property transfer taxes increased $91 thousand, business license taxes increased $49 thousand, utility users' taxes decreased $146 thousand, transient occupancy taxes increased $1.0 million, motor vehicle in lieu tax increased $163 thousand, and investment earnings increased $502 thousand, and other revenues decreased $37 thousand. Community development revenues increased by $3.4 million due to an increase in building permits issued and related fees. Public safety revenues increased $2.1 million primarily due to an increase in fees collected as part of the building permit process. Transportation revenues increased by $6.0 million due to an increase of $3.9 million in developer contributions and capital grants and an increase of $2.1 million in operating grants received, including Measure A grant revenues, traffic mitigation fees, and new fees associated with Senate Bill No. 1. Environmental support and protection revenues increased slightly ($99 thousand) due to an increase in property tax revenues in the various maintenance district funds. Leisure, cultural and information services increased by $3.9 million primarily due to an increase of $2.5 million in the receipt of Park Impact Fees and an increase of $1.3 million in capital grants related to the Magical Bridge Playground. Policy development and implementation revenue decreased $293 thousand due to the one-time recognition of public, educational, and governmental (PEG) fees of $350 thousand in FY 2016-17. Key elements of the increase/decrease in expenses for governmental activities are as follows: Total governmental activities expenses were up $25.2 million, or 18.3%, due to increases in all functions, except transportation. Interest on long-term debt decreased to $9 thousand. A majority of the increase in expenses was due to the $9.7 million contribution to the Section 115 pension trust investment account and $9.6 million increase in pension liability. Community development expenses increased $4.3 million primarily due to increases in the building regulation program and capital related expenditures in the capital outlay fund that were not capitalized as fixed assets (for non -capitalized community development project expenditures). Human services expenses increased slightly ($254 thousand) due to general increases related to supplies and services costs. Public safety expenses increased by $10.7 million primarily due to an increase of $6.8 million related to recording the increase in the City's CalPERS retirement obligation. In addition, there were increases in fire operation and prevention costs and a net loss in the internal service funds' in FY 2017-18, which caused an increase of $2.2 million in public safety expenses. Transportation expenses decreased $4.1 million due to a reduction of capital related expenditures in the capital outlay fund that were not capitalized as fixed assets (for non -capitalized transportation project expenditures). Environmental 11 217