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CITY OF REDWOOD CITY,CALIFORNIA
<br /> GOVERNMENTAL FUNDS
<br /> STATEMENT OF REVENUES,EXPENDITURES
<br /> AND CHANGES IN FUND BALANCE
<br /> FOR THE YEAR ENDED JUNE 30,2007
<br /> Capital Redevelopment Non-Major Total
<br /> General Outlay Agency Governmental Governmental
<br /> Fund Fund Fund Funds Funds
<br /> $ $ $ $ $
<br /> REVENUES
<br /> Property taxes/special assessments 30,370,365 7,449,981 4,675,569 42,495,915
<br /> Sales and other taxes 34,234,028 34,234,028
<br /> Licenses and permits 1,519,504 1,519,504
<br /> Fines,forfeitures and penalties 591,235 381,322 972,557
<br /> Use of money and property 2,740,846 1,309,988 202,074 4,194,189 8,447,097
<br /> Intergovernmental 4,637,248 1,526,356 4,904,405 11,068,009
<br /> Contributions 44,465 692,084 736,549
<br /> Charges for current services 7,395,225 16,218 19,738 7,431,181
<br /> Other 1,127,141 2,400 4,000 148,085 1,281,626
<br /> Total Revenues 82,660,057 2,854,962 7,656,055 15,015,392 108,186,466
<br /> EXPENDITURES
<br /> Current Operations:
<br /> Community development 7,904,336 106,428 4,262,960 1,478,802 13,752,526
<br /> Human services 1,287,907 1,287,907
<br /> Public safety 40,714,332 111,213 104,163 40,929,708
<br /> Transportation 201,675 1,442,190 5,572,274 7,216,139
<br /> Environmental support and protection 244,721 701,717 2,008,109 2,954,547
<br /> Leisure,cultural and information services 17,474,640 318,240 11,310 17,804,190
<br /> Policy development and implementation 2,034,321 303,843 2,338,164
<br /> Capital outlay 51,481 8,601,255 4,869,724 2,077,642 15,600,102
<br /> Debt service:
<br /> Principal retirement 42,321 4,780,000 4,822,321
<br /> Interest and fiscal charges 2,213,040 2,213,040
<br /> Total Expenditures 69,913,413 11,584,886 9,175,005 18,245,340 108,918,644
<br /> EXCESS(DEFICIENCY)OF REVENUES
<br /> OVER EXPENDITURES 12,746,644 (8,729,924) (1,518,950) (3,229,948) (732,178)
<br /> OTHER FINANCING SOURCES(USES)
<br /> Transfers in 1,351,162 8,851,852 4,616,554 14,819,568
<br /> Transfers(out) (12,231,587) (1,388,734) (1,389,785) (1,226,253) (16,236,359)
<br /> Total Other Financing Sources(Uses) (10,880,425) 7,463,118 (1,389,785) 3,390,301 (1,416,791)
<br /> NET CHANGE IN FLTND BALANCES 1,866,219 (1,266,806) (2,908,735) 160,353 (2,148,969)
<br /> Fund balances at beginning of period as restated 43,138,686 28,663,286 3,949,045 49,798,473 125,549,490
<br /> FLTND BALANCES AT END OF PERIOD 45,004,905 27,396,480 1,040,310 49,958,826 123,400,521
<br /> See accompanying notes to financial statements
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