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City of Redwood City <br />Annual Comprehensive Financial Report <br />For the Year Ended June 30, 2025 <br /> <br />Table of Contents (Continued) <br /> <br />iii <br />Page <br /> <br />FINANCIAL SECTION (Continued) <br /> <br />Supplementary Information (Continued): <br /> <br /> Internal Service Funds: <br /> Combining Statement of Net Position ............................................................................................................. 189 <br /> Combining Statement of Revenues, Expenses, and Changes in Net Position ................................................. 191 <br /> Combining Statement of Cash Flows .............................................................................................................. 192 <br /> <br /> Fiduciary Funds - Custodial Funds: <br /> Combining Statement of Fiduciary Net Position ............................................................................................. 196 <br /> Combining Statement of Changes in Fiduciary Net Position .......................................................................... 198 <br /> <br />STATISTICAL SECTION (Unaudited) <br /> <br />Table of Contents .......................................................................................................................................................... 203 <br /> <br />Financial Trends: <br /> Net Position by Component – Last Ten Fiscal Years ............................................................................................ 204 <br /> Changes in Net Position – Last Ten Fiscal Years .................................................................................................. 206 <br /> Fund Balances of Governmental Funds – Last Ten Fiscal Years .......................................................................... 212 <br /> Changes in Fund Balances of Governmental Funds – Last Ten Fiscal Years ....................................................... 214 <br /> <br />Revenue Capacity: <br /> Assessed Value and Estimated Actual Value of Taxable Property – Last Ten Fiscal Years ................................. 217 <br /> Direct and Overlapping Property Tax Rates – Last Ten Fiscal Years ................................................................... 218 <br /> Principal Property Tax Payers – Current Fiscal Year and Nine Years Ago ........................................................... 220 <br /> Property Tax Levies and Collections – Last Ten Fiscal Years .............................................................................. 221 <br /> <br />Debt Capacity: <br /> Ratios of Outstanding Debt by Type – Last Ten Fiscal Years ............................................................................... 222 <br /> Direct and Overlapping Governmental Activities Debt ......................................................................................... 223 <br /> Legal Debt Margin Information – Last Ten Fiscal Years ...................................................................................... 224 <br /> Pledged – Revenue Coverage – Last Ten Fiscal Years .......................................................................................... 226 <br /> <br />Demographic and Economic Information: <br /> Demographic and Economic Statistics – Last Ten Fiscal Years ............................................................................ 229 <br /> Principal Employers – Current Fiscal Year and Nine Years Ago .......................................................................... 230 <br /> <br />Operating Information: <br /> Full-Time Equivalent Employees By Function – Last Ten Fiscal Years ............................................................... 231 <br /> Operating Indicators by Function/Program – Last Ten Fiscal Years ..................................................................... 232 <br /> Capital Asset Statistics by Function/Program – Last Ten Fiscal Years ................................................................. 234 <br /> Construction Values – Last Ten Fiscal Years ........................................................................................................ 236 <br />7.C. - Page 15 of 269 <br />34