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Governmental Business-Type
<br />Functions/Programs Activities Activities Total
<br />Primary government:
<br />Governmental activities:
<br />General government (5,630,960)$ -$ (5,630,960)$
<br />Public safety (101,337,564) - (101,337,564)
<br />Public ways and facilities (13,768,485) - (13,768,485)
<br />Community development 1,581,909 - 1,581,909
<br />Culture and leisure (38,241,190) - (38,241,190)
<br />Interest on long-term debt (1,757,943) - (1,757,943)
<br />Total governmental activities (159,154,233) - (159,154,233)
<br />Business-type activities:
<br />Waste - 4,926,395 4,926,395
<br />Sewer - 1,274,766 1,274,766
<br />Port of Redwood City - 1,770,822 1,770,822
<br />Parking - (2,981,096) (2,981,096)
<br />Docktown - (738,266) (738,266)
<br />Total business-type activities - 4,252,621 4,252,621
<br />Total primary government (159,154,233) 4,252,621 (154,901,612)
<br />General Revenues and Transfers:
<br />General revenues:
<br />Taxes:
<br />Property taxes 84,376,659 463,927 84,840,586
<br />Sales taxes 42,318,521 - 42,318,521
<br />Franchise taxes 3,307,009 - 3,307,009
<br />Property transfer taxes 784,803 - 784,803
<br />Business license taxes 3,727,892 - 3,727,892
<br />Utility users taxes 11,804,130 - 11,804,130
<br />Transient occupancy taxes 5,412,535 - 5,412,535
<br />Other taxes 123,905 - 123,905
<br />Total taxes 151,855,454 463,927 152,319,381
<br />Investment income 17,775,862 10,921,074 28,696,936
<br />Increase (decrease) in investment in Sewer Authority - 804,554 804,554
<br />Miscellaneous revenue 5,729,061 20,715 5,749,776
<br />Transfers (3,077,962) 3,077,962 -
<br />Total general revenues and transfers 172,282,415 15,288,232 187,570,647
<br />Change in net position 13,128,182 19,540,853 32,669,035
<br />Net Position:
<br />Beginning of year, as previously reported 292,568,574 381,384,321 673,952,895
<br />Adjustments 34,745,125 (215,988) 34,529,137
<br />Beginning of year, as restated (Note 19) 327,313,699 381,168,333 708,482,032
<br />End of year 340,441,881$ 400,709,186$ 741,151,067$
<br />For the Year Ended June 30, 2025
<br />Statement of Activities (Continued)
<br />City of Redwood City
<br />Net (Expense) Revenue
<br />and Changes in Net Position
<br />See accompanying Notes to the Basic Financial Statements.
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<br />7.C. - Page 59 of 269
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