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Variance with
<br />Final Budget
<br />Actual Favorable/
<br />Original Final Amounts (Unfavorable)
<br />REVENUES:
<br />Utility user taxes 35,000$ 35,000$ 35,860$ 860$
<br />Other taxes 473,654 440,216 433,238 (6,978)
<br />Investment income 288,800 288,800 1,170,937 882,137
<br />Intergovernmental 300,000 2,011,340 1,283,039 (728,301)
<br />Other revenues - - 36,746 36,746
<br />Total revenues 1,097,454 2,775,356 2,959,820 184,464
<br />EXPENDITURES:
<br />Current:
<br />General government 16,519,649 18,847,748 814,615 18,033,133
<br />Total expenditures 16,519,649 19,536,519 814,615 18,721,904
<br />REVENUES OVER
<br />(UNDER) EXPENDITURES (15,422,195) (16,761,163) 2,145,205 (18,537,440)
<br />OTHER FINANCING SOURCES (USES):
<br />Transfers in 200,000 100,000 100,000 -
<br />Total other financing sources (uses)200,000 100,000 100,000 -
<br />NET CHANGES IN FUND BALANCE (15,222,195)$ (16,661,163)$ 2,245,205 18,906,368$
<br />FUND BALANCE:
<br />Beginning of year, as restated (Note 19)29,260,974
<br />End of year 31,506,179$
<br />City of Redwood City
<br />Budgetary Comparison Schedule
<br />Low and Moderate Income Housing Asset Special Revenue Fund
<br />For the Year Ended June 30, 2025
<br />Budgeted Amounts
<br />173
<br />7.C. - Page 205 of 269
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