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MA,v 6.1. B. - Page 33 ID ANALYSIS At the end of the current fiscal year, the City is able to report positive balances in all three categories of net assets, both for the government as a whole, as well as for its separate governmental and business-type activities. The same situation held true for the prior fiscal year. The City's net assets increased by $11.9 million during the current fiscal year. Changes in City's Net Assets (in Millions) Governmental Business-type Activities Activities Total 2011 2010 2011 2010 2011 2010 Variance Revenues $ $ $ $ $ $ Program revenues: Community development 8.318 6.613 8.318 6.613 25.783% Human Services 0.530 0.506 0.530 0.506 4.743% Publicsafety 5.507 5.576 5.507 5.576 -1.237% Transportation 5.064 5.389 5.064 5.389 -6.031% Environmental supportand protection 1.402 3.241 1.402 3.241 -56.742% Leisure, cultural and information services 4.430 4.057 4.430 4.057 9.194% Policy development and implementation 1.877 1.681 1.877 1.681 11.660% Water 26.038 23.256 26.038 23.256 11.963% Sewer 24.158 22.241 24.158 22.241 8.619% Parl<ing 1.100 1.005 1.100 1.005 9.453% Port of Redwood City 7.674 6.073 7.674 6.073 26.363% General revenues: Taxes/special assessments 80.725 81.110 0.028 0.026 80.753 81.136 -0.472% Investmentearnings 1.042 1.630 0.327 0.436 1.369 2.066 -33.737% Other 1.598 2.093 0.017 0.003 1.615 2.096 -22.948% Total revenues 110.493 111.896 59.342 53.040 169.835 164.936 2.970% Expenses Community development 17.702 18.413 17.702 18.413 -3.861% Human services 1.582 1.554 1.582 1.554 1.802% Publicsafety 46.023 46.094 46.023 46.094 -0.154% Transportation 11.650 13.535 11.650 13.535 -13.927% Environmental supportand protection 2.920 4.124 2.920 4.124 -29.195% Leisure, cultural and information services 21.547 22.168 21.547 22.168 -2.801% Policy development and implementation 5.529 4.727 5.529 4.727 16.966% Interestonlongtermdebt 2.551 2.763 2.551 2.763 -7.673% Water 21.889 20.702 21.889 20.702 5.734% Sew e r 19.900 17.776 19.900 17.776 11.949% Parking 2.421 2.478 2.421 2.478 -2.300% Port of Redwood City 4.252 4.038 4.252 4.038 5.300% Total expenses 109.504 113.378 48.462 44.994 157.966 158.372 -0.256% Change in net assets before transfers and extraordinary item 0.989 (1.482) 10.880 8.046 11.869 6.564 80.820% Transfers (0.729) (0.918) 0.729 0.918 Change in netassets 0.260 (2.400) 11.609 8.964 11.869 6.564 80.820% Net assets -July 1, as restated 260.888 263.288 161.598 152.634 422.486 415.922 1.578% Netassets-June 30 261.148 260.888 173.207 161.598 434.355 422.486 2.809% 7