|
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />BUDGETED NON-MAJOR FUNDS
<br />COMBINING SCHEDULE OF REVENUES, EXPENDITURES
<br />AND CHANGES IN FUND BALANCES
<br />BUDGET AND ACTUAL
<br />FOR THE FISCAL YEAR ENDED JUNE 30, 2003
<br />
<br /> FACILITIES FEE CONSTRUCTION FUND TOTALS
<br /> Variance with Variance with
<br /> Final Budget Final Budget
<br /> Positive Positive
<br /> Budget Actual (Negative) Budget Actual (Negative)
<br /> $ $ $ $ $ $
<br />REVENUES
<br />Property taxes/special assessments 5,562,277 4,930,162 (632,115)
<br />Fines, forfeitures and penalties 340,000 295,711 (44,289)
<br />Use of money and property 100,000 308,446 208,446 3,308,751 3,181,035 (127,716)
<br />Net increase (decrease) in fair value of investments (278,261) (278,261) (863,749) (863,749)
<br />Intergovernmental 13,384,746 6,670,043 (6,714,703)
<br />Developers contributions 55,000 184,278 129,278
<br />Charges for current services 15,000 109,482 94,482
<br />Other 1,124,980 1,124,980
<br />Total Revenues 100,000 30,185 (69,815) 22,665,774 15,631,942 (7,033,832)
<br />EXPENDITURES
<br />Current operations:
<br />Community development 7,397,644 2,377,470 5,020,174
<br />Public safety 31,292 31,292 246,031 189,107 56,924
<br />Transportation 21,312 21,312 4,223,867 4,124,617 99,250
<br />Environmental support and protection 255,091 255,091 1,616,256 1,480,740 135,516
<br />Debt service:
<br />Principal retirement 4,455,000 4,455,000
<br />Interest and fiscal charges 2,399,699 2,1 00,054 299,645
<br />Bond issuance costs 500,895 (500,895)
<br />Total Expenditures 307,695 307,695 20,338,497 15,227,883 5,110,614
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER EXPENDITURES (207,695) (277,510) (69,815) 2,327,277 404,059 (1,923,218)
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in 3,796,304 11,386,081 7,589,777
<br />Transfers (out) (424,290) (436,912) (12,622)
<br />Contribution from property owners, bond proceeds
<br />Payment to bond refunding escrow agent (6,725,000) (6,725,000)
<br />Total Other Financing Sources (Uses) 3,372,014 4,224,169 852,155
<br />EXCESS (DEFICIENCY) OF REVENUES AND
<br />OTHER SOURCES OVER EXPENDITURES
<br />AND OTHER USES (207,695) (277,510) (69,815) 5,699,291 4,628,228 (1,071,063)
<br />
<br />Adjustments to budgetary basis:
<br />Capital outlay
<br />
<br />(64,268)
<br />
<br />(2,330,982)
<br />
<br />Funds not budgeted: GID 1965 Construction,
<br />Public Financing Authority Series B Construction
<br />Shores Transportation Improvement District
<br />Pacific Shores Community Facilities District
<br />
<br />122,415
<br />153,188
<br />4,123,776
<br />1,255,465
<br />
<br />Fund balances at beginning of year
<br />
<br />10,365,807
<br />
<br />45,361,963
<br />
<br />Fund balances at end of year
<br />
<br />10,024,029
<br />
<br />53,314,053
<br />
<br />84
<br />
|