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6.1 B MANAGEMENT�S DISCUSSION AND ANALYSIS Page 30 At the end of the current fiscal year, the City is able to report positive balances in all three categories of net assets, both for the government as a whole, as well as for its separate governmental and business-type activities. The same situation held true for the prior fiscal year. The City's net assets increased by $6.6 million during the current fiscal year. Changes in City's Net Assets (in Millions) Governmental Business-type Activities Activities Total 2010 2009 2010 2009 2010 2009 Variance Revenues $ $ $ $ $ $ Program revenues: Community development 6.613 3.966 6.613 3.966 66.742% Human Services 0.506 0.407 0.506 0.407 24.324�a Publicsafety 5.576 5.347 5.576 5.347 4.283% Transportation 4.379 4.375 4.379 4.375 0.091% Environmental support and protection 3.241 1.650 3.241 1.650 96.424% Leisure, cultural and information services 5.067 6.608 5.067 6.608 -23.320% Policy development and implementation 1.681 1.660 1.681 1.660 1.265% Water 23.256 25.579 23.256 25.579 -9.082% Sewer 22.241 20.259 22.241 20.259 9.783°/a Parking 1.005 0.840 1.005 0.840 19.643% Port of Redwood City 6.073 6.702 6.073 6.702 -9.385% General revenues: Taxes/special assessments 81.110 80.960 0.026 0.028 81.136 80.988 0.183% Investment earnings 1.630 2.037 0.436 1.264 2.066 3.301 -37.413% Other 2.093 1.813 0.003 0.028 2.096 1.841 13.851% Total revenues 111.896 108.823 53.040 54.700 164.936 163.523 0.864%a Expenses Community development 18.413 15.809 18.413 15.809 16.472% Human services 1.554 1.623 1.554 1.623 -4.251% Publicsafety 46.094 48.501 46.094 48.501 -4.963% Transportation 13.535 13.930 13.535 13.930 -2.836% Environmental support and protection 4.124 2.891 4.124 2.891 42.650% Leisure, cultural and information services 22.168 23.947 22.168 23.947 -7.429°/a Policy development and implementation 4.727 4.767 4.727 4.767 -0.839% Intereston longterm debt 2.763 2.987 2.763 2.987 -7.499% Water 20.702 21.595 20.702 21.595 -4.135% Sewer 17.776 16.125 17.776 16.125 10.239% Parking 2.478 2.561 2.478 2.561 -3.241% Port of Redwood City 4.038 3.896 4.038 3.896 3.645% Total expenses 113.378 114.455 44.994 44.177 158.372 158.632 -0.164°/a Change in net assets before transfers and extraordinary item (1.482) (5.632) 8.046 10.523 6.564 4.891 34.206% Transfers (0.918) (1.068) 0.918 1.068 Extraordinary item - pollution remediation (19.797) (19.797) -100.00O�o Change in net assets (2.400) (6.700) 8.964 (8.206) 6.564 (14.906) -144.036% Net assets - July 1, as restated 263.288 269.988 151.597 159.803 414.885 429.791 -3.468% Net assets - June 30 260.888 263.288 160.561 151.597 421.449 414.885 1.582% 7