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Redevelopment Agency of the City of Redwood City
<br /> Statement of Revenues, Expenditures and Changes in Fund Balances
<br /> For the year ended June 30, 2007
<br /> Public
<br /> Financing
<br /> Low and 1997 Tax 2003 Tax Authority
<br /> Moderate Allocation Allocation Series B
<br /> Redevelopment Income Refunding Bonds Construction
<br /> Agency Housing Bonds Fund Fund Fund Total
<br /> REVENUES:
<br /> Tax increments $ 7,449,981 $ 2,079,365 $ - $ - $ - $ 9,529,346
<br /> Use of money and property 202,074 220,817 142,409 7,262 3,549 576,111
<br /> Miscellaneous 4,000 51,941 - - - 55,941
<br /> Total revenues 7,656,055 2,352,123 142,409 7,262 3,549 10,161,398
<br /> EXPENDITURES:
<br /> Current operations:
<br /> Community development 4,262,960 814,118 - - - 5,077,078
<br /> Capital outlay 4,869,724 - - - - 4,869,724
<br /> Debt service:
<br /> Principal 42,321 - 1,160,000 - - 1,202,321
<br /> Interest and fiscal charges - - 366,632 656,400 - 1,023,032
<br /> Total expenditures 9,175,005 814,118 1,526,632 656,400 - 12,172,155
<br /> REVENUES OVER
<br /> (UNDER)EXPENDITURES (1,518,950) 1,538,005 (1,384,223) (649,138) 3,549 (2,010,757)
<br /> OTHER FINANCING SOURCES(USES):
<br /> Transfers in - 341,305 1,415,247 82,587 - 1,839,139
<br /> Transfers(out) (1,389,785) (283,049) - - (166,305) (1,839,139)
<br /> Transfer from other City funds 526,899 - - - 526,899
<br /> Total other financing sources(uses (1,389,785) 585,155 1,415,247 82,587 (166,305) 526,899
<br /> REVENUES AND OTHER
<br /> FINANCING SOURCES OVER
<br /> (UNDER)EXPENDITURES AND
<br /> OTHER FINANCING USES (2,908,735) 2,123,160 31,024 (566,551) (162,756) (1,483,858)
<br /> FUND BALANCES:
<br /> Beginning of year 3,949,045 9,638,744 1,680,158 574,059 162,756 16,004,762
<br /> End of year $ 1,040,310 $ 11,761,904 $ 1,711,182 $ 7,508 $ - $ 14,520,904
<br /> See accompanying Notes to Basic Financial Statements.
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