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CITY OF REDWOOD CITY, CALIFORNIA 6.1. B. - Page 52
<br /> PROPRIETARY FUNDS
<br /> STATEMENT OF REVENUES, EXPENSES
<br /> AND CHANGES IN FUND NET ASSETS
<br /> FOR THE YEAR ENDED JUNE 30, 2011
<br /> Business-Type Activities-Enterprise Funds Governmental
<br /> Water Sewer Activities-
<br /> Utility Utility Parking Port of Internal Service
<br /> Fund Fund Fund Redwood City Totals Funds
<br /> $ $ $ $ $ $
<br /> Operating Revenues:
<br /> Charges for services 26,004,878 21,879,644 1,100,304 5,733,84Z 54,718,668 21,094,362
<br /> Total Operating Revenues 26,004,878 21,879,644 1,100,304 5,733,842 54,718,668 Z1,094,362
<br /> Operating Expenses:
<br /> Employee services 4,401,088 2,137,222 1,007,977 1,153,680 8,699,967 7,921,320
<br /> Maintenance 1,034,435 855,710 157,423 190,614 2,238,182 1,970,423
<br /> Water purchases 9,146,921 9,146,921
<br /> Utilities 244,140 158,517 107,966 174,492 685,115 60,601
<br /> Contractual services 834,686 12,679,637 457,592 596,566 14,568,481 624,875
<br /> Supplies and services 3,779,396 3,581,456 102,039 847,756 8,310,647 1,366,703
<br /> Depreciation and amortization 2,320,583 487,922 580,047 796,655 4,185,207 1,13Q076
<br /> Insurance and claims 7,884,911
<br /> Total Operating Expenses 21,761,249 19,900,464 2,413,044 3,759,763 47,834,520 Z0,958,909
<br /> Operating Income (Loss) 4,243,629 1,979,180 (1,312,740) 1,974,079 6,884,148 135,453
<br /> Nonoperating Revenues (Expenses):
<br /> Gain (loss) on disposal of equipment 29,835
<br /> Property taxes Z8,080 28,080
<br /> Grant revenue 1,940,188 1,940,188
<br /> Investment earnings 221,128 30,311 75,996 327,435 Z21,800
<br /> Interestexpense (128,585) (7,672) (492,092) (628,349)
<br /> Increase (decrease) in investment in sewer authority 1,842,650 1,842,650
<br /> Insurance recovery 16,537 787 17,324 24,987
<br /> Net Nonoperating Revenues (Expenses) 109,080 1,872,961 21,195 1,524,092 3,527,328 276,622
<br /> Net Income (Loss) Before Capital Contributions
<br /> and Transfers 4,352,709 3,852,141 (1,291,545) 3,498,171 10,411,476 412,075
<br /> Capital contributions 33,44Z 434,455 467,897 230,422
<br /> Transfers in 783,407 783,407 59,364
<br /> Transfers (out) (54,364) (54,364) (25,770)
<br /> Total Capital Contributions and Transfers 33,442 380,091 783,407 1,196,940 264,016
<br /> Change in net assets 4,386,151 4,232,Z32 (508,138) 3,498,171 11,608,416 676,091
<br /> Total net assets-beginning, as restated 59,666,88Z 51,969,121 25,076,370 24,886,135 161,598,508 19,743,764
<br /> Total net assets-ending 64,053,033 56,201,353 24,568,232 28,384,306 173,206,924 20,419,855
<br /> See accompanying notes to financial statements
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