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<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />GOVERNMENTAL FUNDS
<br />S T A TEMENT OF REVENUES, EXPENDITURES
<br />AND CHANGES IN FUND BALANCE
<br />FOR THE YEAR ENDED JUNE 30, 2004
<br />
<br /> Capital Redevelopment Other Total
<br /> General Outlay Agency Governmental Governmental
<br /> Fund Fund Fund Funds Funds
<br /> $ $ $ $ $
<br />REVENUES
<br />Property taxes/special assessments 20,436,178 6,195,167 4,930,162 31,561,507
<br />Sales and other taxes 28,165,797 28,165,797
<br />Licenses and permits 938,403 938,403
<br />Fines, forfeitures and penalties 550,054 295,711 845,765
<br />Use of money and property 1,640,939 424,059 648,128 3,302,506 6,015,632
<br />Net increase (decrease) in fair value of investments (965,802) (168,864) (798,116) (973,451) (2,906,233)
<br />Intergovernmental 7,064,233 2,686,503 6,965,453 16,716,189
<br />Developers contributions 184,278 184,278
<br />Charges for current services 6,118,528 109,482 6,228,010
<br />Other 1,093,352 1,124,980 2,218,332
<br />Total Revenues 65,041,682 2,941,698 6,045,179 15,939,121 89,967,680
<br />EXPENDITURES
<br />Current Operations:
<br />Community development 7,197,569 39,696 3,908,815 2,377,470 13,523,550
<br />Human services 1,168,728 1,168,728
<br />Public safety 32,974,488 195,190 189,107 33,358,785
<br />Transportation 188,650 1,101,188 4,124,617 5,414,455
<br />Environmental support and protection 209,791 207,265 1,480,740 1,897,796
<br />Leisure, cultural and information services 16,228,181 146,102 16,374,283
<br />Policy development and implementation 1,955,610 844,524 2,800,134
<br />Capital outlay 88,786 1,389,780 13,296,375 4,766,419 19,541,360
<br />Debt service:
<br />Principal retirement 42,321 4,455,000 4,497,321
<br />Interest and fiscal charges 122,363 2,100,054 2,222,417
<br />Bond issuance costs 1,255,837 500,895 1,756,732
<br />Total Expenditures 60,011,803 4,046,108 18,503,348 19,994,302 102,555,561
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />0 VER EXPENDITURES 5,029,879 (1 , 1 04,41 0) (12,458,169) (4,055,181) (12,587,881)
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in 791,638 5,174,415 10,857 11,386,081 17,362,991
<br />Transfers (out) (6,333,061) (8,304,516) (2,183,271) (436,912) (17,257,760)
<br />Sale of property 4,700 4,700
<br />Bond proceeds 11,479,573 34,920,588 46,400,161
<br />Contribution from property owners, bond proceeds 2,173,188 2,173,188
<br />Payment to bond refunding escrow agent (6,725,000) (6,725,000)
<br />Total Other Financing Sources (Uses) (5,536,723) 8,349,472 32,748,174 6,397,357 41,958,280
<br />NET CHANGE IN FUND BALANCES (506,844) 7,245,062 20,290,005 2,342,176 29,370,399
<br />Fund balances at beginning of period 39,378,748 23,788,004 7,019,933 50,971,877 121,158,562
<br />FUND BALANCES AT END OF PERIOD 38,871,904 31,033,066 27,309,938 53,314,053 150,528,961
<br />
<br />See accompanying notes to financial statements
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