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Redevelopment Agency of the City of Redwood City <br /> Basic Financial Statements <br /> For the year ended June 30,2007 <br /> Table of Contents <br /> P� <br /> IndependentAuditors' Report......................................................................................................................................1 <br /> Management's Discussion and Analysis.....................................................................................................................3 <br /> Basic Financial Statements: <br /> Government-Wide Financial Statements: <br /> Statementof Net Assets....................................................................................................................................12 <br /> Statement of Activities and Changes in Net Assets......................................................................................13 <br /> Fund Financial Statements: <br /> Governmental Funds: <br /> BalanceSheet................................................................................................................................................16 <br /> Reconciliation of the Governmental Funds Balance Sheet to the <br /> Government-Wide Statement of Net Assets.....................................................................................17 <br /> Statement of Revenues, Expenditures, and Changes in Fund Balances..............................................18 <br /> Reconciliation of the Governmental Funds Statement of Revenues, <br /> Expenditures and Changes in Fund Balances to the Government-Wide <br /> Statement of Activities and Changes in Net Assets.........................................................................19 <br /> Notes to Basic Financial Statements.......................................................................................................................21 <br /> Required Supplementary Information: <br /> BudgetaryInf ormation......................................................................................................................................37 <br /> Schedule of Revenues,Expenditures and Changes in Fund Balances- Budget and Actual- <br /> RedevelopmentAgency Fund.............................................................................................................39 <br /> Schedule of Revenues,Expenditures and Changes in Fund Balances-Budget and Actual- <br /> Low and Moderate Income Housing Fund.......................................................................................40 <br /> Supplemental Inf ormation: <br /> Schedule of Revenues,Expenditures and Changes in Fund Balances- Budget and Actual- <br /> 1997 Tax Allocation Refunding Bonds Fund....................................................................................43 <br /> Schedule of Revenues,Expenditures and Changes in Fund Balances- Budget and Actual- <br /> 2003 Tax Allocation Bonds Fund........................................................................................................44 <br /> Report on Compliance and on Internal Control Over Financial <br /> Reporting Based on an Audit of Financial Statements Perf ormed in <br /> Accordance with GovernmentAuditing Standards............................................................................................45 <br />