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<br />2025 2024 2023 2022 2021
<br />General revenues and other changes in net assets
<br />Governmental activities:
<br />Taxes:
<br />Property taxes 84,376,659$ 86,597,019$ 83,510,468$ 78,775,809$ 67,817,300$
<br />Sales and use taxes 42,318,521 43,172,997 44,529,673 40,387,746 38,455,837
<br />Franchise taxes 3,307,009 - - - -
<br />Other taxes 21,853,265 27,368,012 25,875,118 23,534,814 20,811,655
<br />Investment income (loss)17,775,862 5,416,155 2,816,704 (7,997,176) 3,671,237
<br />Miscellaneous 5,729,061 120,848 238,037 1,624,223 94,821
<br />Transfers (3,077,962) (3,044,262) (2,789,735) (3,446,426) (2,943,446)
<br />Special item - Transfer of assets - - - - 10,272,916
<br />Total governmental activities 172,282,415 159,630,769 154,180,265 132,878,990 138,180,320
<br />Business-type activities:
<br />Property taxes 463,927 513,696 497,845 312,160 394,071
<br />Investment Earnings 10,921,074 7,985,077 2,137,404 (3,414,872) (80,648)
<br />Increase in investment in sewer authority 804,554 (1,869,635) 3,304,236 (2,120,267) (1,278,828)
<br />Other 20,715 - - - -
<br />Transfers 3,077,962 3,044,262 2,789,735 3,446,426 2,943,446
<br />Total business-type activities 15,288,232 9,673,400 8,729,220 (1,776,553) 1,978,041
<br />Total primary government 187,570,647$ 169,304,169$ 162,909,485$ 131,102,437$ 140,158,361$
<br />Change in net position
<br />Governmental activities 13,128,182$ 1,131,516$ 11,883,993$ 44,291,327$ 41,604,460$
<br />Business-type activities 19,540,853 15,109,871 15,864,938 14,101,846 23,413,183
<br />Total primary government 32,669,035$ 16,241,387$ 27,748,931$ 58,393,173$ 65,017,643$
<br />Source: City of Redwood City, Finance Department
<br />Last Ten Fiscal Years
<br />(accrual basis of accounting)
<br />Fiscal Year
<br />City of Redwood City
<br />Changes in Net Position (Continued)
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