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Nonmajor Total
<br />Enterprise Enterprise Internal
<br />Funds Funds Service Funds
<br />CASH FLOWS FROM OPERATING ACTIVITIES:
<br />Cash received from customers 1,943,732$ 112,403,178$ 45,265,166$
<br />Cash payments to suppliers for goods and services (2,422,960) (86,575,866) (30,965,764)
<br />Cash payments to employees for services (2,291,124) (18,443,535) (13,643,713)
<br />Net cash provided by (used in) operating activities (2,770,352) 7,383,777 655,689
<br />
<br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
<br />Property taxes received 463,099 463,099 -
<br />Nonoperating grant revenue 1,517 577,138 -
<br />Subvention payment to City - (580,685) -
<br />Repayment/receipt of interfund borrowing (lending) - - -
<br />Transfers in 2,380,817 3,825,113 3,000
<br />Transfers out - (747,151) (2,000,000)
<br />Net cash provided by (used in) noncapital financing activities 2,845,433 3,537,514 (1,997,000)
<br />CASH FLOWS FROM CAPITAL AND
<br />RELATED FINANCING ACTIVITIES:
<br />Proceeds from sale of capital assets - - 105,406
<br />Acquisition of capital assets, net (178,242) (12,702,943) (2,025,068)
<br />Proceeds from issuance of debt - 16,251,161 -
<br />Principal payment of long-term debt (46,285) (19,538,999) (310,186)
<br />Interest paid on debt and fiscal charges (40,216) (1,140,191) -
<br />Net cash (used in) capital and related financing activities (264,743) (17,130,972) (2,229,848)
<br />CASH FLOWS FROM INVESTING ACTIVITIES:
<br />Interest from investments 1,134,223 10,921,074 4,180,873
<br />Net cash provided by investing activities 1,134,223 10,921,074 4,180,873
<br />Net change in cash and cash equivalents 944,561 4,711,393 609,714
<br />CASH AND CASH EQUIVALENTS:
<br />Beginning of year 20,164,021 162,135,154 77,412,758
<br />End of year 21,108,582$ 166,846,547$ 78,022,472$
<br />RECONCILIATION OF CASH AND CASH
<br /> EQUIVALENTS TO STATEMENT OF NET POSITION:
<br />Cash and cash investments 10,959,237$ 155,401,649$ 78,022,472$
<br />Restricted cash and investments 10,149,345 11,444,898 -
<br />Total cash and cash equivalents 21,108,582$ 166,846,547$ 78,022,472$
<br />City of Redwood City
<br />Statement of Cash Flows (Continued)
<br />Proprietary Funds
<br />For the Year Ended June 30, 2025
<br />See accompanying Notes to the Basic Financial Statements.
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