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<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />GENERAL FUND
<br />COMP ARA TIVE SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
<br />BUDGET (GAAP BASIS) AND ACTUAL
<br />FOR THE FISCAL YEARS ENDED JUNE 30, 2004 AND 2003
<br />
<br /> 2004 2003
<br /> Variance with Variance with
<br /> Final Budget Final Budget
<br /> Positive Positive
<br /> Budget Actual (N egative) Budget Actual (N egative )
<br />REVENUES $ $ $ $ $ $
<br />Property taxes 18,618,602 20,436,178 1,817,576 18,440,389 18,975,013 534,624
<br />Sales and other taxes 25,862,767 28,165,797 2,303,030 29,747,144 26,421,521 (3,325,623)
<br />Licenses and permits 1,115,500 938,403 (177,097) 820,000 870,522 50,522
<br />Fines, forfeitures and penalties 600,000 550,054 (49,946) 600,000 575,393 (24,607)
<br />Uses of money and property 2,151,675 1,640,939 (510,736) 3,024,380 2,292,735 (731,645)
<br />Net increases (decreases) in fair value of investments (965,802) (965,802) 121,804 121,804
<br />Intergovernmental 7,874,311 7,064,233 (810,078) 8,089,380 8,342,435 253,055
<br />Charges for current services 5,969,556 6,118,528 148,972 5,774,711 6,055,323 280,612
<br />Other 539,225 1,093,352 554,127 462,391 914,467 452,076
<br />
<br />Total revenues
<br />
<br />62,731,636
<br />
<br />65,041,682
<br />
<br />2,310,046
<br />
<br />66,958,395
<br />
<br />64,569,213
<br />
<br />(2,389,182)
<br />
<br />EXPENDITURES
<br />Community development 7,944,630 7,197,569 747,061 8,783,770 7,436,499 1,347,271
<br />Human services 1,213,644 1,168,728 44,916 1,265,042 1,258,218 6,824
<br />Public safety 32,769,759 32,987,232 (217,473) 30,452,589 30,995,501 (542,912)
<br />Transportation 188,577 188,650 (73) 182,125 182,418 (293)
<br />Environmental support and protection 209,791 209,791 233,898 233,898
<br />Leisure, cultural, and information services 16,861,597 16,304,223 557,374 16,744,478 16,972,656 (228,178)
<br />Policy development and implementation 2,467,604 1,955,610 511,994 2,257,806 2,391,402 (133,596)
<br />
<br />Total expenditures
<br />
<br />61,655,602
<br />
<br />60,011,803
<br />
<br />1,643,799
<br />
<br />59,919,708
<br />
<br />59,470,592
<br />
<br />449, 116
<br />
<br />EXCESS (DEFICIENCY) OF REVENUES OVER
<br />(UNDER) EXPENDITURES
<br />
<br />1,076,034
<br />
<br />5,029,879
<br />
<br />3,953,845
<br />
<br />7,038,687
<br />
<br />5,098,621
<br />
<br />(1,940,066)
<br />
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in
<br />
<br />Transfers ( out)
<br />Sale of property
<br />
<br />825,424
<br />(7,035,734)
<br />
<br />791,638
<br />(6,333,061 )
<br />4,700
<br />
<br />(33,786)
<br />702,673
<br />4,700
<br />
<br />689,000
<br />(8,012,771)
<br />
<br />1,000,015
<br />(7,781,572)
<br />
<br />311,015
<br />231,199
<br />
<br />Total Other Financing Sources (Uses)
<br />
<br />(6,210,310)
<br />
<br />(5,536,723)
<br />
<br />673,587
<br />
<br />(7,323,771)
<br />
<br />(6,781,557)
<br />
<br />542,214
<br />
<br />EXCESS (DEFICIENCY) OF REVENUES AND
<br />OTHERSOURCESOVER(UNDE~
<br />EXPENDITURES AND OTHER USES
<br />
<br />(5,134,276)
<br />
<br />(506,844 )
<br />
<br />4,627,432
<br />
<br />(285,084 )
<br />
<br />(1,682,936)
<br />
<br />(1,397,852)
<br />
<br />Fund balance at beginning of year
<br />
<br />39,378,748
<br />
<br />41,061,684
<br />
<br />Fund balance at end of year
<br />
<br />38,871,904
<br />
<br />39,378,748
<br />
<br />63
<br />
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