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6.G. - Page 60 of 187
<br />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, 2018
<br />See accompanying notes to financial statements
<br />33 239
<br />Business -Type Activities -Enterprise Funds
<br />Governmental
<br />Water
<br />Sewer
<br />Non -Major
<br />Activities -
<br />Utility
<br />Utility
<br />Parking
<br />Port of
<br />Docktown
<br />Internal Service
<br />Fund
<br />Fund
<br />Fund
<br />Redwood City
<br />Marina
<br />Totals
<br />Funds
<br />Operating Revenues:
<br />Charges for services
<br />42,990,320
<br />37,207,391
<br />2,691,838
<br />8,627,231
<br />329,112
<br />91,845,892
<br />33,435,735
<br />Total Operating Revenues
<br />42,990,320
<br />37,207,391
<br />2,691,838
<br />8,627,231
<br />329,112
<br />91,845,892
<br />33,435,735
<br />Operating Expenses:
<br />Employee services
<br />5,733,203
<br />3,057,916
<br />1,053,898
<br />2,493,566
<br />308,267
<br />12,646,850
<br />17,759,535
<br />Maintenance
<br />1,123,618
<br />608,719
<br />106,042
<br />172,040
<br />8,201
<br />2,018,620
<br />837,326
<br />Water purchases
<br />20,063,818
<br />20,063,818
<br />Utilities
<br />1,017,510
<br />771,821
<br />138,362
<br />247,469
<br />65,707
<br />2,240,869
<br />48,266
<br />Contractual services
<br />1,302,488
<br />18,639,091
<br />1,151,409
<br />390,372
<br />790,092
<br />22,273,452
<br />1,383,998
<br />Supplies and services
<br />5,441,900
<br />3,262,504
<br />262,831
<br />607,565
<br />283,751
<br />9,858,551
<br />4,993,961
<br />Noncapitalized projects
<br />2,827
<br />1,433,166
<br />50,107
<br />1,035,201
<br />2,521,301
<br />Depreciation and amortization
<br />3,105,436
<br />720,872
<br />549,499
<br />1,566,781
<br />32,258
<br />5,974,846
<br />1,385,362
<br />Insurance and claims
<br />1,787,141
<br />560,488
<br />124,689
<br />284,676
<br />45,308
<br />2,802,302
<br />9,940,668
<br />Total Operating Expenses
<br />39,577,941
<br />29,054,577
<br />3,386,730
<br />5,812,576
<br />2,568,785
<br />80,400,609
<br />36,349,116
<br />Operating Income (Loss)
<br />3,4121379
<br />8,152,814
<br />(694,892)
<br />2,814,655
<br />(2,239,673)
<br />11,445,283
<br />(2,913,381)
<br />Nonoperating Revenues (Expenses):
<br />Impairment loss on property
<br />(13,131,752)
<br />(13,131,752)
<br />(104,060)
<br />Property taxes
<br />331,225
<br />331,225
<br />Grant revenue
<br />10,985
<br />1,768
<br />3,369
<br />16,122
<br />Investment earnings
<br />40,813
<br />165,114
<br />79,602
<br />190,440
<br />18,013
<br />493,982
<br />294,523
<br />Interest expense
<br />(1,890,966)
<br />(569,536)
<br />(2,460,502)
<br />Increase (decrease) in investment in sewer
<br />authority
<br />(2,588,106)
<br />(2,588,106)
<br />Insurance recovery
<br />10,436
<br />10,436
<br />4,491
<br />Contributions
<br />Other
<br />(517,424)
<br />(517,424)
<br />Net Nonoperating Revenues (Expenses)
<br />(1,828,732)
<br />(2,422,992)
<br />412,595
<br />(893,151)
<br />(13,113,739)
<br />(17,846,019)
<br />194,954
<br />Net Income (Loss) Before Capital Contributions
<br />and Transfers
<br />1,583,647
<br />5,729,822
<br />(282,297)
<br />1,921,504
<br />(15,353,412)
<br />(6,400,736)
<br />(2,718,427)
<br />Capital contributions
<br />1,707,892
<br />275,852
<br />3,275,053
<br />5,258,797
<br />117,801
<br />Transfers in
<br />717,837
<br />6,210,465
<br />6,928,302
<br />3,352,690
<br />Transfers (out)
<br />(537,454)
<br />(537,454)
<br />(2,491)
<br />Total Capital Contributions and Transfers
<br />2,425,729
<br />(261,602)
<br />3,275,053
<br />6,210,465
<br />11,649,645
<br />3,468,000
<br />Change in net position
<br />4,009,376
<br />5,468,220
<br />2,992,756
<br />1,921,504
<br />(9,142,947)
<br />5,248,909
<br />749,573
<br />Total net position -beginning
<br />74,984,078
<br />102,190,271
<br />34,537,336
<br />36,110,916
<br />4,411,494
<br />252,234,095
<br />8,196,263
<br />Total net position -ending
<br />78,993,454
<br />107,658,491
<br />37,530,092
<br />38,032,420
<br />(4,731,453)
<br />257,483,004
<br />8,945,836
<br />See accompanying notes to financial statements
<br />33 239
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