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Schedule 4
<br /> CITY OF REDWOOD CITY,CALIFORNIA
<br /> CHANGES IN FUND BALANCES-GOVERNMENTAL FUNDS
<br /> Last Six Fiscal Years
<br /> Fiscal Years
<br /> 2002 2003 2004 2005 2006 2007
<br /> $ $ $ $ $ $
<br /> REVENUES
<br /> Property taxes/special assessments 29,709,472 29,872,717 31,561,507 33,007,808 39,392,649 42,495,915
<br /> Sales and other taxes 26,133,966 26,421,521 28,165,797 29,920,574 32,954,880 34,234,028
<br /> Licenses and permits 1,107,393 870,522 938,403 1,086,454 1,167,735 1,519,504
<br /> Fines,forfeitures and penalties 821,301 897,369 845,765 1,012,208 948,858 972,557
<br /> Use of money and property 7,839,927 7,565,675 6,015,632 5,896,426 6,499,826 8,447,097
<br /> Intergovernmental 13,482,963 15,110,351 16,716,189 17,029,762 13,503,927 11,068,009
<br /> Contributions 3,225,378 1,069,560 184,278 13,265,096 182,492 736,549
<br /> Charges for current services 5,672,892 6,068,275 6,228,010 5,918,790 6,051,971 7,431,181
<br /> Other 793,938 1,272,880 2,218,332 1,297,216 1,193,120 1,281,626
<br /> Total Revenues 89,069,318 89,471,484 89,967,680 108,434,334 101,895,458 108,186,466
<br /> EXPENDITURES
<br /> Current Operations:
<br /> Community development 9,478,975 12,773,447 13,523,550 13,639,528 15,574,342 13,752,526
<br /> Human services 1,200,528 1,240,341 1,168,728 1,153,640 1,195,315 1,287,907
<br /> Public safety 28,340,668 31,313,633 33,358,785 37,901,952 40,631,780 40,929,708
<br /> Transportation 8,156,689 6,830,315 5,414,455 6,715,527 6,294,030 7,216,139
<br /> Environmental support and protection 2,294,328 1,815,648 1,897,796 2,778,068 3,699,378 2,954,547
<br /> Leisure,cultural and information services 15,745,546 17,234,983 16,374,283 16,149,697 16,844,333 17,804,190
<br /> Policy development and implementation 5,366,413 3,472,890 2,800,134 1,877,692 1,704,545 2,338,164
<br /> Capital outlay 21,667,111 11,324,780 19,541,360 33,524,241 22,341,941 15,600,102
<br /> Debt service:
<br /> Principal retirement 3,732,321 4,302,321 4,497,321 4,662,321 4,887,321 4,822,321
<br /> Interest and fiscal charges 2,524,675 2,437,768 2,222,417 2,757,238 2,426,923 2,213,040
<br /> Bond issuance costs 1,756,732
<br /> Total Expenditures 98,507,254 92,746,126 102,555,561 121,159,904 115,599,908 108,918,644
<br /> EXCESS(DEFICIENCY)OF REVENUES
<br /> OVER EXPENDITURES (9,437,936) (3,274,642) (12,587,881) (12,725,570) (13,704,450) (732,178)
<br /> OTHER FINANCING SOURCES(USES)
<br /> Transfers in 21,124,312 10,890,957 17,362,991 18,731,139 14,945,169 14,819,568
<br /> Transfers(out) (21,949,078) (10,705,110) (17,257,760) (18,706,330) (15,234,654) (16,236,359)
<br /> Sale of property 308,797 4,700 25,387 5,100
<br /> Bond proceeds 46,400,161
<br /> Contribution from(to)other funds 2,173,188
<br /> Gain from sale of land held for redevelopment 230,991
<br /> Payment to bond refunding excrow agent (6,725,000)
<br /> Total Other Financing Sources(Uses) (515,969) 185,847 41,958,280 281,187 (284,385) (1,416,791)
<br /> NET CHANGE IN FL1ND BALANCES (9,953,905) (3,088,795) 29,370,399 (12,444,383) (13,988,835) (2,148,969)
<br /> Debt service as a percentage of
<br /> non-capital expenditures 8.14% 8.28% 8.09% 8.47% 7.84% 7.54%
<br /> Notes: The city began to report accrual information when it implemented GASB Statement No.34 in FY 2001/02.
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