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6.A. - Page 38 of 191 <br />City of Redwood City <br />Management's Discussion and Analysis <br />For the fiscal year ended June 30, 2019 <br />Changes in City's Net Position (in Millions) <br />Governmental <br />Business -type <br />Activities <br />Activities <br />Total <br />2019 <br />2018 <br />2019 <br />2018 <br />2019 <br />2018 <br />Variance <br />Revenues <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />Charges for services: <br />Community development <br />12.876 <br />12.452 <br />12.876 <br />12.452 <br />3.41% <br />Pu b I i c safety <br />11.075 <br />10.017 <br />11.075 <br />10.017 <br />10.56% <br />Tra n s porta ti o n <br />0.042 <br />0.042 <br />Environmental support and protection <br />1.710 <br />1.586 <br />1.710 <br />1.586 <br />7.82% <br />Leisure, cultural and information services <br />4.489 <br />3.719 <br />4.489 <br />3.719 <br />20.70% <br />Policy development and implementation <br />5.559 <br />4.873 <br />5.559 <br />4.873 <br />14.08% <br />Water <br />45.001 <br />42.990 <br />45.001 <br />42.990 <br />4.68% <br />Sewer <br />38.104 <br />37.207 <br />38.104 <br />37.207 <br />2.41% <br />Parking <br />2.636 <br />2.692 <br />2.636 <br />2.692 <br />-2.08% <br />Port of Redwood City <br />9.336 <br />8.627 <br />9.336 <br />8.627 <br />8.22% <br />Docktown Marina <br />0.038 <br />0.329 <br />0.038 <br />0.329 <br />-88.45% <br />Operating grants and contributions: <br />Community development <br />1.007 <br />1.653 <br />1.007 <br />1.653 <br />-39.08% <br />Publicsafety <br />1.175 <br />1.473 <br />1.175 <br />1.473 <br />-20.23% <br />Transportation <br />1.521 <br />3.781 <br />1.521 <br />3.781 <br />-59.77% <br />Environmental support and protection <br />0.043 <br />0.043 <br />-100.00% <br />Leisure, cultural and information services <br />2.746 <br />2.900 <br />2.746 <br />2.900 <br />-5.31% <br />Policy development and implementation <br />0.560 <br />0.518 <br />0.560 <br />0.518 <br />8.11% <br />Water <br />0.036 <br />0.011 <br />0.036 <br />0.011 <br />227.27% <br />Parking <br />0.001 <br />0.002 <br />0.001 <br />0.002 <br />-50.00% <br />Port of Redwood City <br />0.032 <br />0.004 <br />0.032 <br />0.004 <br />700.00% <br />Capital grants and contributions: <br />Community development <br />1.583 <br />1.962 <br />1.583 <br />1.962 <br />-19.32% <br />Transportation <br />22.789 <br />6.929 <br />22.789 <br />6.929 <br />228.89% <br />Environmental supportand protection <br />1.834 <br />0.052 <br />1.834 <br />0.052 <br />3426.92% <br />Leisure, cultural and information services <br />2.873 <br />5.335 <br />2.873 <br />5.335 <br />-46.15% <br />Water <br />2.592 <br />1.708 <br />2.592 <br />1.708 <br />51.76% <br />Sewer <br />0.500 <br />0.276 <br />0.500 <br />0.276 <br />81.16% <br />Parking <br />3.275 <br />3.275 <br />-100.00% <br />General revenues: <br />Taxes/special assessments <br />123.451 <br />109.340 <br />0.410 <br />0.331 <br />123.861 <br />109.671 <br />12.94% <br />Investment earnings <br />5.176 <br />1.744 <br />4.023 <br />0.494 <br />9.199 <br />2.238 <br />311.04% <br />Increase (decrease) in investmentin seweraut <br />4.738 <br />(2.588) <br />4.738 <br />(2.588) <br />Other <br />0.209 <br />0.296 <br />0.010 <br />0.209 <br />0.306 <br />-31.70% <br />Total revenues <br />200.675 <br />168.673 <br />107.447 <br />95.368 <br />308.122 <br />264.041 <br />16.69% <br />Expenses <br />Community development <br />20.210 <br />15.606 <br />20.210 <br />15.606 <br />29.50% <br />Human services <br />2.207 <br />2.083 <br />2.207 <br />2.083 <br />5.95% <br />Publicsafety <br />81.715 <br />81.255 <br />81.715 <br />81.255 <br />0.57% <br />Transportation <br />12.415 <br />11.396 <br />12.415 <br />11.396 <br />8.94% <br />Environmental supportand protection <br />2.992 <br />3.062 <br />2.992 <br />3.062 <br />-2.29% <br />Leisure, cultural and information services <br />28.346 <br />29.866 <br />28.346 <br />29.866 <br />-5.09% <br />Policy development and implementation <br />12.339 <br />19.190 <br />12.339 <br />19.190 <br />-35.70% <br />Interest on longterm debt <br />0.009 <br />0.009 <br />-100.00% <br />Water <br />37.755 <br />41.469 <br />37.755 <br />41.469 <br />-8.96% <br />Sewer <br />32.784 <br />29.055 <br />32.784 <br />29.055 <br />12.83% <br />Parking <br />3.356 <br />3.387 <br />3.356 <br />3.387 <br />-0.92% <br />Port of Redwood City <br />8.062 <br />6.899 <br />8.062 <br />6.899 <br />16.86% <br />Docktown Marina <br />3.042 <br />15.700 <br />3.042 <br />15.700 <br />-80.62% <br />Total expenses <br />160.224 <br />162.467 <br />84.999 <br />96.510 <br />245.223 <br />258.977 <br />-5.31% <br />Change in net position before transfers <br />40.451 <br />6.206 <br />22.448 <br />(1.142) <br />62.899 <br />5.064 <br />1142.08% <br />Transfers <br />4.705 <br />6.391 <br />4.705 <br />6.391 <br />Change in net position <br />35.746 <br />(0.185) <br />27.153 <br />5.249 <br />62.899 <br />5.064 <br />1142.08% <br />Net position - July 1, as restated <br />124.661 <br />124.846 <br />257.483 <br />252.234 <br />382.144 <br />377.080 <br />1.34% <br />Net position -June 30 <br />160.407 <br />124.661 <br />284.636 <br />257.483 <br />445.043 <br />382.144 <br />16.46% <br />*Variance results not displayed for negative to positive amounts <br />10 45 <br />