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Transportation Capital
<br />Grants Outlay Non-major Total
<br />General Special Revenue Capital Projects Governmental Governmental
<br /> Fund Fund Fund Funds Funds
<br />REVENUES:
<br />Property taxes 82,678,706$ -$ -$ 2,053,209$ 84,731,915$
<br />Sales taxes 38,682,403 - - 3,636,118 42,318,521
<br />Utility users taxes 11,768,270 - - 35,860 11,804,130
<br />Other taxes 11,708,693 - - 780,282 12,488,975
<br />Licenses and permits 6,492,518 - - 40,000 6,532,518
<br />Fines, forfeitures and penalties 381,712 - - 115,846 497,558
<br />Investment income 6,150,242 779,491 1,596,846 4,655,652 13,182,231
<br />Intergovernmental 8,117,966 4,758,637 30,089 9,111,517 22,018,209
<br />Charges for services 32,430,556 12,500 - 1,814,921 34,257,977
<br />Other revenues 10,723,093 - - 36,936 10,760,029
<br />Total revenues 209,134,159 5,550,628 1,626,935 22,280,341 238,592,063
<br />
<br />EXPENDITURES:
<br />Current:
<br />General government 19,266,719 37,952 310,053 1,633,051 21,247,775
<br />Public safety 108,890,715 121,945 155,113 1,457,605 110,625,378
<br />Public ways and facilities 5,128,044 330,915 6,151,386 6,654,406 18,264,751
<br />Community development 12,868,839 36,637 214,710 1,503,633 14,623,819
<br />Culture and leisure 39,256,051 56 123,651 749,960 40,129,718
<br />Capital outlay 249,545 4,233,027 18,888,512 1,288,695 24,659,779
<br />Debt service:
<br />Principal 180,445 - - 1,250,000 1,430,445
<br />Interest and fiscal charges 2,973 - - 1,839,050 1,842,023
<br />Total expenditures 185,843,331 4,760,532 25,843,425 16,376,400 232,823,688
<br />
<br />REVENUES OVER (UNDER) EXPENDITURES 23,290,828 790,096 (24,216,490) 5,903,941 5,768,375
<br />OTHER FINANCING SOURCES (USES):
<br />Inception of subscription liability 245,336 - - - 245,336
<br />Transfers in 2,678,285 - 19,171,064 8,009,081 29,858,430
<br />Transfers out (28,517,094) (300,000) (1,444,013) (678,285) (30,939,392)
<br />Total other financing sources (uses)(25,593,473) (300,000) 17,727,051 7,330,796 (835,626)
<br />NET CHANGE IN FUND BALANCES (2,302,645) 490,096 (6,489,439) 13,234,737 4,932,749
<br />FUND BALANCES:
<br />Beginning of year, as previously reported 120,123,010 - 36,506,978 93,597,729 250,227,717
<br />Adjustments 7,813,184 7,117,907 (362,050) (13,301,574) 1,267,467
<br />Beginning of year, as restated (Note 19)127,936,194 7,117,907 36,144,928 80,296,155 251,495,184
<br />End of year 125,633,549$ 7,608,003$ 29,655,489$ 93,530,892$ 256,427,933$
<br />For the Year Ended June 30, 2025
<br />Governmental Funds
<br />Statement of Revenues, Expenditures, and Changes in Fund Balances
<br />City of Redwood City
<br />Major Funds
<br />See accompanying Notes to the Basic Financial Statements.
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