|
CITY OF REDWOOD CITY,CALIFORNIA
<br /> PROPRIETARY FUNDS
<br /> STATEMENT OF REVENUES,EXPENSES
<br /> AND CHANGES IN FUND NET ASSETS
<br /> FOR THE YEAR ENDED JUNE 30,2007
<br /> Business-Type Activities-Enterprise Funds Governmental
<br /> Water Sewer Activities-
<br /> Utility Utility Parking Port of Internal Service
<br /> Fund Fund Fund Redwood City Totals Funds
<br /> $ $ $ $ $ $
<br /> O�erating Revenues:
<br /> Charges for services 20,879,685 15,046,046 862,328 5,522,484 42,310,543 15,375,904
<br /> Total Operating Revenues 20,879,685 15,046,046 862,328 5,522,484 42,310,543 15,375,904
<br /> O�erating Ex�enses:
<br /> Employee services 4,090,090 2,115,056 745,157 1,178,638 8,128,941 6,586,284
<br /> Maintenance 1,337,116 665,111 135,392 116,462 2,254,081 1,996,836
<br /> Water purchases 7,246,623 7,246,623
<br /> Utilities 211,935 131,913 151,004 181,817 676,669 61,699
<br /> Contractual services 602,687 10,192,372 468,929 569,801 11,833,789 464,762
<br /> Supplies and services 3,800,052 2,757,918 98,490 789,913 7,446,373 1,187,018
<br /> Depreciation and amortization 974,785 426,219 126,848 673,760 2,201,612 849,435
<br /> Insurance and claims 3,569,316
<br /> Total Operating Expenses 18,263,288 16,288,589 1,725,820 3,510,391 39,788,088 14,715,350
<br /> O�erati�g�nco�e(�,oss) 2,616,397 (1,242,543) (863,492) 2,012,093 2,522,455 660,554
<br /> l�ono�erating Revenues(Ex�enses):
<br /> Gain(loss)on disposal of equipment (2,481) (2,481) 23,605
<br /> Property taxes 60,688 60,688
<br /> Nonoperating grant revenue 154,120 154,120
<br /> Interest income 1,775,353 15,932 24,724 693,312 2,509,321 795,525
<br /> Interest expense (1,078,390) (10,896) (68,224) (540,814) (1,698,324)
<br /> Increase(decrease)in investment in sewer authority (1,001,072) (1,001,072)
<br /> Insurance recovery 230,215 230,215
<br /> Net Nonoperating Revenues(Expenses) 696,963 (996,036) 17,188 534,352 252,467 819,130
<br /> Net Income(Loss)Before Capital Contributions
<br /> and Transfers 3,313,360 (2,238,579) (846,304) 2,546,445 2,774,922 1,479,684
<br /> Capital contributions 59,296 59,296 156,749
<br /> Transfers in 350,000 350,000 1,106,862
<br /> Transfers(out) (6,862) (6,862) (33,209)
<br /> Total Capital Contributions and Transfers (6,862) 59,296 350,000 402,434 1,230,402
<br /> Change in net assets 3,306,498 (2,179,283) (496,304) 2,546,445 3,177,356 2,710,086
<br /> Total net assets-beginning,as restated 48,668,420 34,376,678 5,616,223 34,471,223 123,132,544 11,095,665
<br /> Total net assets-ending 51,974,918 32,197,395 5,119,919 37,017,668 126,309,900 13,805,751
<br /> See accompanying notes to financial statements
<br /> 26
<br />
|