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6.C. - Page 42 of 196 <br />City of Redwood City <br />Management's Discussion and Analysis <br />For the fiscal year ended June 30, 2020 <br />Changes in City's Net Position (in Millions) <br />Total expenses 177.709 160.224 85.023 84.999 262.732 245.223 7.14% <br />Change in net position before transfers <br />Governmental <br />Business -type <br />21.967 <br />22.448 <br />36.203 <br />62.899 <br />Activities <br />Transfers <br />Activities <br />(4.705) <br />5.421 <br />Total <br />2020 <br />2019 <br />2020 <br />2019 <br />2020 <br />2019 <br />Variance <br />Revenues <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />445.043 <br />Charges for services: <br />16.46% <br />Net position -June 30 <br />169.222 <br />160.407 <br />312.024 <br />284.636 <br />481.246 <br />Community development <br />11.503 <br />12.876 <br />11.503 <br />12.876 <br />-10.66% <br />Public safety <br />10.288 <br />11.075 <br />10.288 <br />11.075 <br />-7.11% <br />Transportation <br />0.028 <br />0.042 <br />0.028 <br />0.042 <br />-33.33% <br />Environmental support and protection <br />1.696 <br />1.710 <br />1.696 <br />1.710 <br />-0.82% <br />Leisure, cultural and information services <br />3.377 <br />4.489 <br />3.377 <br />4.489 <br />-24.77% <br />Policy development and implementation <br />5.833 <br />5.559 <br />5.833 <br />5.559 <br />4.93% <br />Water <br />47.221 <br />45.001 <br />47.221 <br />45.001 <br />4.93 <br />Sewer <br />42.352 <br />38.104 <br />42.352 <br />38.104 <br />11.15% <br />Parking <br />1.672 <br />2.636 <br />1.672 <br />2.636 <br />-36.57% <br />Port of Redwood City <br />8.762 <br />9.336 <br />8.762 <br />9.336 <br />-6.15% <br />Docktown Marina <br />0.019 <br />0.038 <br />0.019 <br />0.038 <br />-50.00% <br />Operating grants and contributions: <br />Community development <br />0.647 <br />1.007 <br />0.647 <br />1.007 <br />-35.75% <br />Public safety <br />0.815 <br />1.175 <br />0.815 <br />1.175 <br />-30.64% <br />Transportation <br />1.411 <br />1.521 <br />1.411 <br />1.521 <br />-7.23% <br />Leisure, cultural and information services <br />2.647 <br />2.746 <br />2.647 <br />2.746 <br />-3.61% <br />Policy development and implementation <br />0.526 <br />0.560 <br />0.526 <br />0.560 <br />-6.07% <br />Water <br />0.036 <br />0.036 <br />-100.00% <br />Parking <br />0.001 <br />0.001 <br />0.001 <br />0.001 <br />Port of Redwood City <br />0.037 <br />0.032 <br />0.037 <br />0.032 <br />15.63% <br />Capital grants and contributions: <br />Community development <br />1.179 <br />1.583 <br />1.179 <br />1.583 <br />-25.52% <br />Transportation <br />13.325 <br />22.789 <br />13.325 <br />22.789 <br />-41.53% <br />Environmental support and protection <br />1.834 <br />1.834 <br />-100.00% <br />Leisure, cultural and information services <br />0.229 <br />2.873 <br />0.229 <br />2.873 <br />-92.03% <br />Water <br />0.586 <br />2.592 <br />0.586 <br />2.592 <br />-77.39% <br />Sewer <br />0.102 <br />0.500 <br />0.102 <br />0.500 <br />-79.60% <br />Parking <br />0.050 <br />0.050 <br />N/A <br />General revenues: <br />Taxes/special assessments <br />128.162 <br />123.451 <br />0.448 <br />0.410 <br />128.610 <br />123.861 <br />3.83% <br />Investment earnings <br />10.092 <br />5.176 <br />3.241 <br />4.023 <br />13.333 <br />9.199 <br />44.94% <br />Increase (decrease) in investment in sewer authority <br />2.499 <br />4.738 <br />2.499 <br />4.738 <br />-47.26% <br />Other <br />0.187 <br />0.209 <br />0.187 <br />0.209 <br />-10.53% <br />Total revenues <br />191.945 <br />200.675 <br />106.990 <br />107.447 <br />298.935 <br />308.122 <br />-2.98% <br />Expenses <br />Community development <br />18.010 <br />20.210 <br />18.010 <br />20.210 <br />-10.89% <br />Human services <br />3.446 <br />2.207 <br />3.446 <br />2.207 <br />56.14% <br />Public safety <br />86.705 <br />81.715 <br />86.705 <br />81.715 <br />6.11% <br />Transportation <br />13.208 <br />12.415 <br />13.208 <br />12.415 <br />6.39% <br />Environmental support and protection <br />3.825 <br />2.992 <br />3.825 <br />2.992 <br />27.84% <br />Leisure, cultural and information services <br />27.042 <br />28.346 <br />27.042 <br />28.346 <br />-4.60% <br />Policy development and implementation <br />25.473 <br />12.339 <br />25.473 <br />12.339 <br />106.44% <br />Water <br />39.824 <br />37.755 <br />39.824 <br />37.755 <br />5.48% <br />Sewer <br />33.531 <br />32.784 <br />33.531 <br />32.784 <br />2.28% <br />Parking <br />3.815 <br />3.356 <br />3.815 <br />3.356 <br />13.68% <br />Port of Redwood City <br />6.892 <br />8.062 <br />6.892 <br />8.062 <br />-14.51% <br />Docktown Marina <br />0.961 <br />3.042 <br />0.961 <br />3.042 <br />-68.41% <br />Total expenses 177.709 160.224 85.023 84.999 262.732 245.223 7.14% <br />Change in net position before transfers <br />14.236 <br />40.451 <br />21.967 <br />22.448 <br />36.203 <br />62.899 <br />-42.44% <br />Transfers <br />(5.421) <br />(4.705) <br />5.421 <br />4.705 <br />Change in net position <br />8.815 <br />35.746 <br />27.388 <br />27.153 <br />36.203 <br />62.899 <br />-42.44% <br />Net position -July 1, as restated <br />160.407 <br />124.661 <br />284.636 <br />257.483 <br />445.043 <br />382.144 <br />16.46% <br />Net position -June 30 <br />169.222 <br />160.407 <br />312.024 <br />284.636 <br />481.246 <br />445.043 <br />8.13% <br />10 129 <br />