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<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />S T A TEMENT OF A CTIVITIE S
<br />FOR THE YEAR ENDED JUNE 30, 2004
<br />
<br /> Net (Expense) Revenue and
<br /> Program Revenues Changes in Net Assets
<br /> Operating Capital
<br /> Overhead Charges for Grants and Grants and Governmental Business- Type
<br />Functions/Programs Expenses Charges Services Contributions Contributions Activities Activities Total
<br /> $ $ $ $ $ $ $ $
<br />Governmental Activities:
<br />Community development 13,761,821 126,300 2,524,334 1,991,823 187,242 (9,184,722) ($9,184,722)
<br />Human services 1,255,484 376,255 (879,229) (879,229)
<br />Public safety 34,737,587 1,630,877 1,284,995 2,075,235 (29,746,480) (29,746,480)
<br />Transportation 8,626,048 184,981 1,518,329 6,997,591 74,853 74,853
<br />Environmental support and protection 1,894,063 13,394 1,135,294 673,757 (98,406) (98,406)
<br />Leisure, cultural and information services 18,085,468 21,741 2,751,650 1,384,732 2,686,503 (11,284,324) (11,284,324)
<br />Policy development and implementation 4,575,064 (1,194,353) 646,589 14,195 1,005,522 (1,714,405) (1,714,405)
<br />Interest on long term debt 3,344,344 (3,344,344) (3,344,344)
<br />Total Governmental Activities 86,279,879 (1,032,918) 8,873,725 6,570,329 13,625,850 (56,177,057) (56,177,057)
<br />Business- Type Activities:
<br />Water Utility Fund 16,190,822 582,294 16,352,876 (420,240) (420,240)
<br />Sewer Utility Fund 10,374,366 411,967 10,223,204 83,009 (480,120) (480,120)
<br />Parking Fund 409,941 38,657 412,521 (36,077) (36,077)
<br />Port of Redwood City 4,113,896 5,341,727 216,870 1,444,701 1,444,701
<br />Total Business-Type Activities 31,089,025 1,032,918 32,330,328 299,879 508,264 508,264
<br />Total 117,368,904 41,204,053 6,570,329 13,925,729 (56,177,057) 508,264 (55,668,793)
<br />General revenues:
<br />Taxes:
<br />Property taxes 28,435,572 26,095 28,461,667
<br />Sales taxes 15,745,034 15,745,034
<br />Other taxes 17,458,115 17,458,115
<br />Investment Earnings 484,019 215,312 699,331
<br />Increase ( decrease) in investment in sewer authority (651,467) (651,467)
<br />Other 1,687,645 231,730 1,919,375
<br />Transfers 39,536 (39,536)
<br />Total general revenues and transfers 63,849,921 (217,866) 63,632,055
<br />Change in Net Assets 7,672,864 290,398 7,963,262
<br />Net Assets-Beginning, as restated 231,485,751 118,705,605 350,191,356
<br />Net assets-Ending 239,158,615 118,996,003 358,154,618
<br />
<br />See accompanying notes to financial statements
<br />
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