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CITY OF REDWOOD CITY,CALIFORNIA
<br /> STATEMENT OF ACTIVITIES
<br /> FOR THE YEAR ENDED JUNE 30,2007
<br /> Net(Expense)Revenue and
<br /> Program Revenues Changes in Net Assets
<br /> Operating Capital
<br /> Overhead Charges for Grants and Grants and Governmental Business-Type
<br /> Functions/Programs Expenses Charges Services Contributions Contributions Activities Activities Total
<br /> $ $ $ $ $ $ $ $
<br /> Governmental Activities:
<br /> Community development 13,560,068 184,221 3,981,057 1,168,153 516,244 (8,078,835) ($8,078,835)
<br /> Human services 1,351,113 363,928 (987,185) (987,185)
<br /> Public safety 42,600,983 1,741,393 1,250,752 2,272,084 (37,336,754) (37,336,754)
<br /> Transportation 13,302,505 250,265 1,473,293 5,379,753 (6,199,194) (6,199,194)
<br /> Environmental support and protection 2,912,166 18,437 1,296,745 416,778 (1,217,080) (1,217,080)
<br /> Leisure,cultural and information services 19,494,043 25,957 3,169,556 1,578,436 1,526,356 (13,245,652) (13,245,652)
<br /> Policy development and implementation 3,923,451 (1,269,774) 609,683 530,071 112,476 (1,401,447) (1,401,447)
<br /> Interest on long term debt 3,450,169 (3,450,169) (3,450,169)
<br /> Total Governmental Activities 100,594,498 (1,041,159) 11,048,699 6,364,633 10,223,691 (71,916,316) (71,916,316)
<br /> Business-Type Activities:
<br /> Water Utility Fund 18,747,724 593,954 20,879,685 1,538,007 1,538,007
<br /> Sewer Utility Fund 15,889,704 409,781 14,044,974 59,296 (2,195,215) (2,195,215)
<br /> Parking Fund 1,756,620 37,424 862,328 (931,716) (931,716)
<br /> Port of Redwood City 4,053,686 5,522,484 154,120 1,622,918 1,622,918
<br /> Total Business-Type Activities 40,447,734 1,041,159 41,309,471 213,416 33,994 33,994
<br /> Total 141,042,232 52,358,170 6,364,633 10,437,107 (71,916,316) 33,994 (71,882,322)
<br /> General revenues:
<br /> Taxes:
<br /> Property taxes 39,899,711 60,688 39,960,399
<br /> Sales taxes 19,208,709 19,208,709
<br /> Franchise taxes 3,105,215 3,105,215
<br /> Property transfer taxes 766,602 766,602
<br /> Business license taxes 1,439,147 1,439,147
<br /> Utility users taxes 8,403,518 8,403,518
<br /> Transient occupancy taxes 2,976,694 2,976,694
<br /> Motor vehicle in lieu taxes 474,021 474,021
<br /> Investment Earnings 4,844,480 2,509,321 7,353,801
<br /> Other 1,710,333 230,215 1,940,548
<br /> Transfers (343,138) 343,138
<br /> Total general revenues and transfers 82,485,292 3,143,362 85,628,654
<br /> Change in Net Assets 10,568,976 3,177,356 13,746,332
<br /> Net Assets-Beginning as restated 263,537,115 123,132,544 386,669,659
<br /> Net assets-Ending 274,106,091 126,309,900 400,415,991
<br /> See accompanying notes to financial statements
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