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<br /> <br /> <br />l\-IAN AGEM ENT' S n.iSClJSSI ON.:~'\Ji:il).:AN AI~ YSIS. . <br /> <br /> <br />.: Changes. in Cit)"s.Net Ass~ts (in Millions) <br /> <br />Business-type. <br />Activities <br />. 2008. 2007 <br />$ . $ <br /> <br />Governmental' . <br />Activities <br />2008 2007 . <br />$ $ <br /> <br />Revenues :... :.. . : <br />:; Program revenues:',:' " ." . <br />Communi~y deye!qpment:..::.. :..4.787 <br />Human .Services::: ,: .. 'OAOO ... <br />. Public.safety . '5.268. :. <br />Transportation: :. .: . 5.933 <br />Environmemal support and.:protectiol1 . .: .: 1.874':. <br />Leisure,:cultlir8.1 and infimnation services. 9.080 <br />Policy developmenund implementation. !' 2.40 i <br />Water. , .; . . <br />Sewer' <br />Parking <br />Port,:.of Redwood Ci~y <br /> <br />;General revenues; <br />, ,. : Taxesispecial assessments <br />Investment eamings <br />:. Other. <br /> <br />. . Tom} revenues.. <br />. . <br /> <br />.5.665; .: <br />:0.364.:; ..:.. <br />.5.264 ,'.:-: . <br />T 103 ,. , <br />. :L714 <br />:, 5.690 <br />. .1.836 <br /> <br />:, <br /> <br />.2008 <br />.$ <br /> <br />Total <br />2007 <br />$ <br /> <br /> <br />Variance <br /> <br />:,; 1 ~.499% <br />9.890% <br />. 0.076% <br />~J6.472% . <br />9.335% . <br />59.578% <br />30.773% <br />11;681% . <br />. 19.243%. <br />. )7..378%. <br />0.229% <br /> <br />. .,: 80.102 . 76.275 ..0.027. o.06i. . 80..129 : 76.336 4.969% <br />.5.372 4.844 3.08 2.509 8.490 ' 7:353 15;463% <br />1.63 1" 1.7W 0.713 .. 0.230 2.344. I. 940' 20~825% <br />I J 6.848 nO.465 50.782 44.322. , 167.630 .154:787 8.297% <br /> <br />Expenses. . i., , ., <br />. Community development: <br />. Human services .. <br />Public .safety. 'i . . <br />: TranspoJ1ation i .,. <br />. EnvirQllniental support and' pro~ection. <br />; Leisure, cultural and .infonnati-oll.Scrviccs:, <br />Policy development and implementation <br />Interest 'on long lerm debt. . <br />Water; . . <br />Sewer. <br />Parking :. . : . : . . '. <br />Port of Redwood City. . <br /> <br />16.264 . <br />1.518 ..' <br />.45,451, <br />1"0.620 <br />: 2.010.; <br />.: 20.995 <br />2.792 . <br />3.251 <br /> <br />. . ., <br />:~tal'expenses: ;.. <br />Chang~. in nct:asscts 'before. Lransfers <br />Transfers . .. . <br /> <br />102.901" ,. <br />.13..947 <br />(18.065 ) <br />(4.1)8) <br />274.106 <br /> <br />. . . <br />. '" <br />'.... Change in net assets: . <br />:Net assets -July; I .' <br /> <br />269.988:' '274.106 ., '150.602 <br /> <br />Net assets .:June 30 <br /> <br />; ;-'; <br />.. i : <br />" i ! <br /> <br />"j' <br />"j <br /> <br />GOVERN MENT AL ActIVITIES. <br /> <br />"! <br /> <br />. 23.319, <br />16.818 i <br />1..098 <br />...5.6&9 <br /> <br />20.880. <br />14.104.. <br />0.862 <br />5.676 <br /> <br />4;787 <br />0.400. <br />5.268 <br />5.933 <br />1.874 <br />9.080 <br />2.401 <br />23.319 <br />16.818 <br />, '.1.098. <br />'5.689 <br /> <br />5.665 <br />0.364 <br />5.26.4 <br />7.103 <br />.1.714 <br />5.690 . <br />1.836.., <br />20.880 . <br />14.104 <br />0.862 <br />.5.676., . <br /> <br /> 16.264 1:3.744 18.335% <br /> 1.518 1.351. 12.36)%:: <br /> 45.45 r 42.60 I :' 6.690% <br /> 10.620 13.303 . -20.168% . <br /> 2.01-0 2.93.0. -31.399% <br />20.995 19.520: :7.556% <br /> .2.792 ' 2.654 5.200% <br />.. 3.251 3.450: .5.76.8% <br />22~595 19.342. 16.818% <br /> 15.828 16.300 · -2.896% <br /> 2.195 1.793 22.42 J % . . <br /> .oi <br /> 3.937 4.053;. . -2.862% <br />147.456 141.041 4.548% .. <br />20.1,74 : 13:746. . 46...763%. <br /> <br />. . <br />. . <br /> <br />ii <br />.. <br /> <br />.. : Go~e~meri.tal ~.ctivities prior to tnm~f~~sinc1"eas~d the citY'.s:.~et assets by.:"$13.9 milli()n,:thereby .a.c~o'untingj~r;. : <br />69oJc; of the total gl~owth in the City's net assets. '. Net:of transfers, govemmental activities qe~reased $4J million..! <br />Transfers in FY 2007/08 consisted, primarily of the $21.5 rni llion transfer out of the underground parking garage. <br />, from :the Redevelopment Agency to the parking fund, net of a transfer-in in the amount of $4 million from the water <br />. utiiitv fund for artificial turf fiel.ds. Key elements of these changes' are.'as follow:. ... <br />." .:. . :. . . . ~ ': ~ <br /> <br /> . . 0.343 ' <br />. . ... : <br />: 3.177 ,20.174:, .:13.746 46.763% <br />. '.123.133 400.416 386.670. 3.555% <br /> t 26.31'0 420:590 400 416 5.038% <br /> <br />,: <br /> <br />'13.744 . . <br />:.1.351. <br />42.60 I: .. <br />:13;303-"'~ <br />1.930:. <br />.19.520 <br />...2.654. ,., <br />3.45(J ;... <br /> <br />...22.595. ..19.342,. <br />.' . 15.82&:.: 16.300: <br />;. .:2.195 :.. 1.793 <br />.'3.937 4.053 <br /> <br />. . <br />99.553.. .,:' 44.555 <br /> <br />.41.488 <br />2.834: <br /> <br />. .. . <br />.. Key elements of the incr~seidecrease. ill revenues for 'go.vernmental':activities are as follows: , <br />'General governmental revenues increased. .abou~ · 5~2%,or $4.276: million 't'fom FY 2006/07 due primarily to <br />increases in tax revenues. . <br /> <br />. : 10'.912 <br /> <br />6.221 J <br /> <br />(0.343) 18.065 ' <br />10.569 .. .24.292 <br /> <br />263.537 <br /> <br />126.310. <br /> <br /> <br /> <br />... <br />. . <br />