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Equipment Self Internal Employee Total
<br />Services Insurance Services Benefits Internal
<br />Fund Fund Fund Fund Service Funds
<br />OPERATING REVENUES:
<br />Charges for services 7,445,405$ 12,668,994$ 15,630,340$ 9,562,641$ 45,307,380$
<br />Total operating revenues 7,445,405 12,668,994 15,630,340 9,562,641 45,307,380
<br />OPERATING EXPENSES:
<br />Employee services 1,682,823 814,919 11,408,550 - 13,906,292
<br />Maintenance 121,954 6,420 1,249,970 - 1,378,344
<br />Utilities 46,653 8,332 41,347 - 96,332
<br />Contractual services 86,457 2,484,905 206,513 35,951 2,813,826
<br />Supplies and services 2,240,426 766,706 2,940,679 9,453,448 15,401,259
<br />Depreciation and amortization 1,995,410 - 132,054 - 2,127,464
<br />Insurance and claims 59,703 10,505,175 247,726 813,119 11,625,723
<br />Total operating expenses 6,233,426 14,586,457 16,226,839 10,302,518 47,349,240
<br />
<br />OPERATING INCOME 1,211,979 (1,917,463) (596,499) (739,877) (2,041,860)
<br />NONOPERATING REVENUES (EXPENSES):
<br />Gain (loss) on sale of capital assets 105,406 - - - 105,406
<br />Investment income 1,132,492 2,859,317 - 189,064 4,180,873
<br />Interest expense - - (1,559) - (1,559)
<br />Total nonoperating revenues (expenses)1,237,898 2,859,317 (1,559) 189,064 4,284,720
<br />INCOME AND TRANSFERS 2,449,877 941,854 (598,058) (550,813) 2,242,860
<br />TRANSFERS
<br />Transfers in - - 3,000 - 3,000
<br />Transfers out - (2,000,000) - - (2,000,000)
<br />Total transfers - (2,000,000) 3,000 - (1,997,000)
<br />Changes in net position 2,449,877 (1,058,146) (595,058) (550,813) 245,860
<br />NET POSITION (DEFICIT):
<br />Beginning of year, as previously reported 32,290,724 20,035,763 (15,463,956) 5,364,252 42,226,783
<br />Adjustments (14,764) (5,704) (159,449) - (179,917)
<br />Beginning of year, as restated (Note 19)32,275,960 20,030,059 (15,623,405) 5,364,252 42,046,866
<br />End of year 34,725,837$ 18,971,913$ (16,218,463)$ 4,813,439$ 42,292,726$
<br />For the Year Ended June 30, 2025
<br />All Internal Service Funds
<br />City of Redwood City
<br />Combining Statement of Revenues, Expenses, and Changes in Net Position
<br />See accompanying Notes to the Basic Financial Statements.
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<br />7.C. - Page 223 of 269
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