|
6.1 B
<br /> CITY OF REDWOOD CITY, CALIFORNIA Page 49
<br /> PROPRIETARY FUNDS
<br /> STATEMENT OF REVENUES, EXPENSES
<br /> AND CHANGES IN FUND NETASSETS
<br /> FOR THE YEAR ENDED JUNE 30, 2010
<br /> Business-Type Activities-Enterprise Funds Governmental
<br /> Water Sewer Activities-
<br /> Utility Utility Parking Port of Internal Service
<br /> Fund Fund Fund Redwood City Totals Funds
<br /> $ $ $ $ $ $
<br /> Operating Revenues:
<br /> Charges for services 23,063,981 20,310,016 1,005,328 5,595,399 49,974,724 21,001,278
<br /> Total Operating Revenues 23,063,981 20,310,016 1,005,328 5,595,399 49,974,724 21,001,278
<br /> Operating Expenses:
<br /> Employee services 4,409,064 2,046,888 1,011,286 1,090,383 8,557,621 8,235,398
<br /> Maintenance 802,293 419,350 137,223 197,958 1,556,824 2,004,158
<br /> Water purchases 8,233,548 8,233,548
<br /> Utilities 234,234 172,785 120,096 175,976 703,091 62,683
<br /> Contractual services 828,044 10,931,559 501,745 624,464 12,885,812 487,365
<br /> Supplies and services 3,889,581 3,721,127 111,911 837,351 8,559,970 1,278,776
<br /> Depreciation and amortization 2,102,655 462,046 580,047 606,616 3,751,364 1,080,447
<br /> Insurance and claims 7,875,870
<br /> Total Operating Expenses 20,499,419 17,753,755 2,462,308 3,532,748 44,248,230 21,024,697
<br /> Operating Income (Loss) 2,564,562 2,556,261 (1,456,980) 2,062,651 5,726,494 (23,419)
<br /> Nonoperating Revenues (Expenses):
<br /> Gain (loss) on disposal of equipment (110,631) (18,463) (129,094) (86,605)
<br /> Property taxes 25,904 25,904
<br /> Grant revenue 478,356 478,356
<br /> Investment earnings 268,280 59,236 108,043 435,559 326,423
<br /> Interest expense (91,998) (4,292) (14,683) (505,588) (616,561)
<br /> Increase (decrease) in investment in sewer authority 1,542,993 1,542,993
<br /> Insurance recovery 2,885 2,885 17,014
<br /> Net Nonoperating Revenues (Expenses) 68,536 1,579,474 11,221 80,811 1,740,042 256,832
<br /> Net Income (Loss) Before Capital Contributions
<br /> and Transfers 2,633,098 4,135,735 (1,445,759) 2,143,462 7,466,536 233,413
<br /> Capital contributions 191,945 388,021 579,966 381,015
<br /> Transfers in 978,527 978,527 6,184,824
<br /> Transfers (out) (14,818) (5,954) (40,104) (60,876) (418,859)
<br /> Total Capital Contributions and Transfers 177,127 382,067 938,423 1,497,617 6,146,980
<br /> Change in net assets 2,810,225 4,517,802 (507,336) 2,143,462 8,964,153 6,380,393
<br /> Total net assets-beginning, as restated 55,819,001 47,451,319 25,583,706 22,742,673 151,596,699 13,363,371
<br /> Total net assets-ending 58,629,226 51,969,121 25,076,370 24,886,135 160,560,852 19,743,764
<br /> See accompanying notes to financial statements
<br /> 26
<br />
|