AgdaPkt 2019-12-16 Joint SA PFA - Laserfiche WebLink

Browse Search

6.A. - Page 39 of 191 City of Redwood City Management's Discussion and Analysis For the fiscal year ended June 30, 2019 GOVERNMENTAL ACTIVITIES Governmental activities prior to transfers increased the City's net position by $40.4 million. Including transfers, governmental activities net position increased by $35.7 million. Transfers out of governmental activities and into business -type activities of $4.7 million during FY 2018-19 consisted of the transfer out of the general fund to the Docktown Marina fund of $4.5 million to cover litigation settlement expenses related to ending residential uses at the marina and a transfer out of the general fund to the water fund in the amount of $200 thousand to support operations. Key elements of the increase/decrease in revenues for governmental activities are as follows: General governmental revenues (non -program) increased by $17.5 million, or 15.7 percent, from FY 2017- 18, as almost all broad categories of general revenues increased, other than utility users' taxes, which decreased. Within the broad categories, property taxes increased $9.3 million, sales taxes increased $3.2 million, franchise taxes increased $319 thousand, property transfer taxes increased $29 thousand, business license taxes increased $66 thousand, utility users' taxes decreased $329 thousand, transient occupancy taxes increased $1.8 million, motor vehicle in lieu tax increased $6 thousand, investment earnings increased $3.4 million, and other revenues decreased $87 thousand. Community development revenues decreased by $601 thousand due to a decrease in the amount of community development related grants received in FY 2018-19, which was partially offset by an increase in building permits issued and related fees. Public safety revenues increased by $760 thousand, primarily due to an increase in charges for services related to the Fire Department's contract to provide services to the City of San Carlos. Transportation revenues increased by $13.6 million due to an increase of $15.9 million in developer contributions and capital grants, offset by a decrease of $2.3 million in operating grants received. Environmental support and protection revenues increased by $1.9 million, primarily due to an increase of $1.8 million in developer contributions. Leisure, cultural and information services decreased by $1.9 million primarily due to a decrease of $3.4 million in the receipt of Park Impact Fees that were partially offset by an increase of $784 thousand in capital grants and an increase of $770 thousand related to charges for services in the Parks, Recreation, and Community Services and Library Departments. Policy development and implementation revenue increased $728 thousand due to an increase in charges to the Port of Redwood City and Silicon Valley Clean Water Authority, and the classification of a reimbursement from the City/County Association of Governments of San Mateo County of $444 thousand. Key elements of the increase/decrease in expenses for governmental activities are as follows: Total governmental activities expenses were down $2.2 million, or 1.4 percent. Most functions experienced a decrease in expenses, except community development, human services, and public safety. In FY 2017-18, there was a contribution to the Section 115 pension trust investment account of $9.7 million that was recorded in the policy development and implementation expense category. In FY 2018- 19, the City contributed $1.7 million to the Section 115 pension trust investment account. If both of these special expense items are excluded from the total expense amount, the governmental activities expense amount would have increased by $5.8 million, or 3.8 percent, in FY 2018-19. 11 46