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Total
<br />Docktown Nonmajor
<br />Parking Marina Enterprise
<br />Fund Fund Funds
<br />OPERATING REVENUES:
<br />Charges for services 1,858,653$ -$ 1,858,653$
<br />Total operating revenues 1,858,653 - 1,858,653
<br />OPERATING EXPENSES:
<br />Employee services 2,012,702 391,675 2,404,377
<br />Maintenance 169,329 10,038 179,367
<br />Utilities 200,733 23,308 224,041
<br />Contractual services 935,717 178,203 1,113,920
<br />Supplies and services 538,078 117,307 655,385
<br />Depreciation and amortization 932,721 2,933 935,654
<br />Insurance and claims 11,771 14,802 26,573
<br />Total operating expenses 4,801,051 738,266 5,539,317
<br />
<br />OPERATING INCOME (2,942,398) (738,266) (3,680,664)
<br />NONOPERATING REVENUES (EXPENSES):
<br />Property taxes 463,927 - 463,927
<br />Grant revenue 1,517 - 1,517
<br />Investment income 1,128,319 5,904 1,134,223
<br />Interest expense (40,215) - (40,215)
<br />Total nonoperating revenues (expenses)1,553,548 5,904 1,559,452
<br />INCOME BEFORE CAPITAL
<br />CONTRIBUTIONS AND TRANSFERS (1,388,850) (732,362) (2,121,212)
<br />CAPITAL CONTRIBUTIONS AND TRANSFERS
<br />Transfers in 1,533,335 847,482 2,380,817
<br />Total capital contributions and transfers 1,533,335 847,482 2,380,817
<br />Changes in net position 144,485 115,120 259,605
<br />NET POSITION (DEFICIT):
<br />Beginning of year, as previously reported - (410,611) (410,611)
<br />Adjustments 37,324,207 (1,426) 37,322,781
<br />Beginning of year, as restated (Note 19)37,324,207 (412,037) 36,912,170
<br />End of year 37,468,692$ (296,917)$ 37,171,775$
<br />For the Year Ended June 30, 2025
<br />Proprietary Funds
<br />Statement of Revenues, Expenses, and Changes in Net Position
<br />City of Redwood City
<br />See accompanying Notes to the Basic Financial Statements.
<br />183
<br />7.C. - Page 215 of 269
<br />234
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