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6.C. - Page 47 of 196 City of Redwood City Management's Discussion and Analysis For the fiscal year ended June 30, 2020 Charges for current services decreased $700 thousand, primarily due to a decrease of $1.0 million in recreation program revenues and a decrease of $400 thousand in other current service charges, partially offset by an increase in police service revenues of $200 thousand, an increase in plan check fees of $400 thousand, and an increase in garbage collection revenues of $100 thousand. General fund expenditures increased by $19.7 million over the prior fiscal year. The increase primarily resulted from an increase of $9.4 million in the City's contribution to the Section 115 pension trust investment account and $3.8 million in additional payments made directly to CalPERS (both expenditures recorded in the policy development and implementation category) and increases in all expenditure categories except community development and environmental support and protection. The amounts of the increases were as follows: human services ($1.2 million), public safety ($5.2 million), transportation, leisure, cultural, and information services ($1.2 million), and policy development and implementation ($13.3 million). The amounts of the decreases were as follows: community development ($1.1 million) and environmental support and protection ($100 thousand). Transfers out of the general fund increased by $1.0 million in FY 2019-20 primarily due to an increase of $900 thousand to the parking fund, an increase of $500 thousand in the transfer to the internal service funds, and an increase of $500 thousand in the transfer to the special revenue funds to support operations. These increases were partially offset by decreases of $800 thousand to the capital outlay fund and $100 thousand to the Docktown Marina Fund. Capital Outlay Fund - This fund accounts for resources provided to finance general governmental capital projects. In FY 2019-20, the capital outlay fund generated $800 thousand in revenue, most of which was from the use of money and property (investment income). This fund was also the recipient of transfers from the general fund of $9.5 million, Utility Users' Tax, which has been allocated to support the City's infrastructure. Total outlays were $13.3 million, of which $8.3 million met the City's criteria for capitalization. The balance ($5.0 million) was expended on non -capitalized projects in FY 2019-20. Total outlays in the prior fiscal year (FY 2018-19) were $9.9 million. Of the capital outlay fund's $29.6 million fund balance, $29.1 million of it was assigned to capital projects. Proprietary Funds - Enterprise fund net position totaled $312.0 million at the end of the fiscal year, an increase of $27.4 million, or 9.6 percent, over the prior fiscal year's balance of $284.6 million. Enterprise operating revenues were $100.0 million this fiscal year, an increase of $4.9 million over last fiscal year, while net non-operating revenues (expenses) were $3.2 million compared to $5.1 million the prior fiscal year. Net non-operating revenues (expenses) experienced a decrease of $1.9 million, primarily due to $800 thousand in lower costs related to ending residential uses of the Docktown Marina, a decrease of $800 thousand in investment earnings, and a decrease in the change in the investment in SVCWA of $2.2 million (current fiscal year increase of $2.5 million versus $4.7 million in the prior fiscal year). Enterprise fund operating expenses were $82.0 million this fiscal year, an increase of $1.1 million, or 1.4 percent, from the prior fiscal year. This is due to higher operating expenses in the water fund ($2.1 million), sewer utility fund ($700 thousand), parking fund ($500 thousand), which were partially offset by lower operating expenses in the port fund ($1.0 million), and the Docktown Marina fund ($1.2 million). Water Utility - The water utility fund realized operating income of $9.2 million in the current fiscal year, $200 thousand higher than the operating income of $9.0 million in the prior fiscal year. Operating revenues increased by $2.2 million, while operating expenses increased by $2.0 million. After non - 15 134