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6.A. - Page 64 of 191 <br />CITY OF REDWOOD CITY <br />FIDUCIARY FUNDS <br />STATEMENT OF CHANGES IN NET POSITION <br />FOR THE FISCAL YEAR ENDED JUNE 30, 2019 <br />ADDITIONS <br />Property taxes <br />Employer contribution <br />Investment earnings <br />Total additions <br />DEDUCTIONS <br />Community development <br />Depreciation <br />Interest and fiscal agency expenses <br />Total deductions <br />Change in net position <br />Net position - beginning <br />Net position - ending <br />Successor Agency Section 115 <br />Private Purpose Trust <br />Trust Fund Fund <br />3,545,189 <br />1,650,000 <br />190,375 703,432 <br />3,735,564 2,353,432 <br />105,713 <br />515,979 <br />1,888,664 <br />2,510,356 <br />1,225,208 <br />2,353,432 <br />(14,930,686) 10,497,444 <br />(13,705,478) 12,850,876 <br />See accompanying notes to financial statements <br />36 <br />71 <br />