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2025 2024 2023 2022 2021
<br />Revenues:
<br />Property taxes 84,731,915$ 82,224,039$ 79,174,021$ 73,981,263$ 69,448,210$
<br />Sales and other taxes 66,611,626 65,766,204 65,973,460 59,828,425 55,101,620
<br />Licenses, premits and fees 6,532,518 6,994,271 8,634,932 5,133,707 6,570,476
<br />Fines and forfeits 497,558 468,372 554,520 573,306 569,892
<br />Use of money and property 13,182,231 16,922,845 8,572,092 (3,077,127) 8,266,580
<br />Intergovernmental 22,018,209 22,050,696 34,730,355 23,960,542 16,769,992
<br />Charges of services 34,257,977 34,817,114 25,046,443 31,164,603 15,115,751
<br />Contributions from assessment districts - 3,488,718 500,000 4,237,310 547,409
<br />Other 10,760,029 849,068 1,143,409 7,072,479 118,827
<br />Total revenues 238,592,063 233,581,327 224,329,232 202,874,508 172,508,757
<br />Expenditures:
<br />Current:
<br />General government 21,247,775 - - - -
<br />Public safety 110,625,378 104,005,959 96,750,063 84,129,070 82,384,050
<br />Public ways and facilities 18,264,751 - - - -
<br />Community development 14,623,818 23,530,459 24,864,618 23,406,919 20,359,530
<br />Culture and leisure 40,129,718 - - - -
<br />Human Services - 3,093,001 3,174,758 2,966,458 3,477,996
<br />Transportation - 10,288,308 10,863,270 8,335,426 8,388,514
<br />Enviornmental support and protection - 3,088,816 2,851,875 3,570,437 1,992,197
<br />Leisure, cultural and information services - 33,191,315 31,549,408 26,804,553 24,791,272
<br />Policy development and implementation - 15,622,501 15,785,994 14,643,896 12,129,308
<br />Capital outlay 24,659,780 24,523,434 37,468,150 23,882,872 19,436,584
<br />Debt service:
<br />Principal 1,430,445 3,358,689 - - -
<br />Interest and fiscal charges 1,842,023 1,887,250 1,892,850 1,811,877 -
<br />Bond issue costs - - - - 365,002
<br />Total expenditures 232,823,688 222,589,732 225,200,986 189,551,508 173,324,453
<br />Excess of revenues over (under) expenditures 5,768,375 10,991,595 (871,754) 13,323,000 (815,696)
<br />Other financing sources (uses):
<br />Inception of subscription liability 245,336 - - - -
<br />Transfers in 29,858,430 18,026,374 19,261,254 16,443,413 17,146,102
<br />Transfers out (30,939,392) (21,067,864) (22,515,755) (28,323,971) (20,218,383)
<br />Bond proceeds/ Refunding lease - - - - 64,116,809
<br />Capital contributions - 96,000 96,000 - -
<br />Total other financing sources (uses):(835,626) (2,945,490) (3,158,501) (11,880,558) 61,044,528
<br />Extraordinary gain (loss)/Special item 10,272,916
<br />Net change in fund balances 4,932,749$ 8,046,105$ (4,030,255)$ 1,442,442$ 70,501,748$
<br />Debt service as a percentage of non-capital
<br />expenditures 1 1.54%2.65%1.01%1.09% n/a
<br />1 Calculated by dividing the sum of principal and interest by noncapital expenditures which are total expenditures less
<br />a) capital outlay (to extent capitalized for the government-wide statements of net position); and
<br />b) expenditures for capitalized assets contained within the functional expenditure categories.
<br />Source: City of Redwood City, Finance Department
<br />Fiscal Year
<br />City of Redwood City
<br />Changes in Fund Balances, Governmental Funds
<br />Last Ten Fiscal Years
<br />(modified accural basis of accounting)
<br />214
<br />7.C. - Page 246 of 269
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