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Variance with
<br />Final Budget
<br />Actual Favorable/
<br />Original Final Amounts (Unfavorable)
<br />REVENUES:
<br />Investment income -$ -$ 1,562$ 1,562$
<br />Charges for services 3,089,050 - - -
<br />Total revenues 3,089,050 - 1,562 1,562
<br />EXPENDITURES:
<br />Current:
<br />General government 6,200 (3,641) 9,000 (12,641)
<br />Debt service:
<br />Principal 1,250,000 1,250,000 1,250,000 -
<br />Interest and fiscal charges 1,839,050 1,839,050 1,839,050
<br />Total expenditures 3,095,250 3,085,409 3,098,050 (12,641)
<br />REVENUES OVER
<br />(UNDER) EXPENDITURES (6,200) (3,085,409) (3,096,488) 14,203
<br />OTHER FINANCING SOURCES (USES):
<br />Transfers in - - 3,089,050 3,089,050
<br />Total other financing sources (uses)- - 3,089,050 3,089,050
<br />NET CHANGES IN FUND BALANCE (6,200)$ (3,085,409)$ (7,438) (11,079)$
<br />FUND BALANCE:
<br />Beginning of year 103,310
<br />End of year 95,872$
<br />City of Redwood City
<br />Budgetary Comparison Schedule
<br />Public Financing Authority 2021 Veterans Memorial Lease Revenue Bond Debt Service Fund
<br />For the Year Ended June 30, 2025
<br />Budgeted Amounts
<br />178
<br />7.C. - Page 210 of 269
<br />229
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