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6.C. - Page 68 of 196 <br />CITY OF REDWOOD CITY <br />FIDUCIARY FUNDS <br />STATEMENT OF CHANGES IN NET POSITION <br />FOR THE FISCAL YEAR ENDED JUNE 30, 2020 <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 />2,394,245 <br />11,100,000 <br />72,485 483,919 <br />2,466,730 11,583,919 <br />109,574 <br />515,979 <br />1,808,332 <br />2,433,885 <br />32,845 <br />11,583,919 <br />(13,705,478) 12,850,876 <br />(13,672,633) 24,434,795 <br />See accompanying notes to financial statements <br />36 <br />155 <br />