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I. <br />q - 0 <br />-31- <br />CITY OF REDWOOD CITY <br />Statement of Revenues and bWmdihn-es <br />and Changes in Fund Balance <br />General Fund <br />Fiscal Yeats Ended June 3Lw <br />Audited <br />Audited <br />Audited <br />Unaudited <br />Budd <br />2000 <br />2001 <br />2002 <br />2003 <br />2014 <br />Revenues: <br />Propertytaxes /special assessments <br />$13,946.925 <br />$15,403,664 <br />$18,673,524 <br />$18,975,013 <br />$18,618,602 <br />Sales and other taxes <br />28,937,652 <br />33,431,463 <br />26,133,966 <br />26,421,521 <br />25,862,767 <br />Licenses and permits <br />1,658,795 <br />2,545,236 <br />1,107,393 <br />870,522 <br />1,115,500 <br />Fines, forfeitures and penalties <br />236,320 <br />299,612 <br />430,926 <br />575.393 <br />600,000 <br />Use of money andpttnnppeerrttyy <br />2,354,470 <br />2,833,534 <br />2,873,869 <br />2,292,735 <br />2,151,675 <br />Net increase in fair valueofInvestments <br />(123,413) <br />735,731 <br />56,734 <br />121,804 <br />Intergovernmental <br />7,113,472 <br />8,470,805 <br />8,344,315 <br />8,342,435 <br />7,517,132 <br />Charges for current services <br />5,341,490 <br />5,863,272 <br />5,672,757 <br />6,055,323 <br />5,969,556 <br />Other <br />1.276.835 <br />939.937 <br />601.723 <br />914.467 <br />526.225 <br />Total Revenues <br />60,742,546 <br />70,523,254 <br />63,895,207 <br />64,569,213 <br />62,361,457 <br />Expenditures: <br />Current Operations: <br />Community development <br />4,283,030 <br />5,007,510 <br />5,150,813 <br />7,436,499 <br />8,495,593 <br />Human services <br />905,058 <br />1,033,662 <br />1,200,528 <br />1,258,218 <br />1,213,644 <br />Public safety <br />24,626,807 <br />26,501,884 <br />27,435,466 <br />30,995,501 <br />32,472,791 <br />Transportation <br />— <br />175,577 <br />180,064 <br />182,418 <br />188,577 <br />Environmental support /protection <br />— <br />234,247 <br />242,857 <br />233,898 <br />209,791 <br />Leisure /cultural /information services <br />12,876,565 <br />14,191,073 <br />15,522,376 <br />16.972,656 <br />16,756,739 <br />Policy develop. and Implementation <br />3,521,166 <br />3,875,339 <br />4,127.784 <br />2,391,402 <br />4,871.733 <br />Bond issuance costs <br />— <br />— <br />— <br />— <br />Capital Outlay <br />— <br />— <br />243.391 <br />— <br />— <br />Total Expenditures <br />46,212,626 <br />51,019,292 <br />54,103,279 <br />59,470,592 <br />64,208,868 <br />Excess of Revenues over (under) <br />Expenditures <br />14,529,920 <br />19,503,962 <br />9,791,928 <br />5,098,621 <br />- 1,847,411 <br />Other Financing Sources (Uses): <br />Transfers in <br />745,678 <br />740,061 <br />881,324 <br />1,000,015 <br />825,424 <br />Transfers out <br />(9,059,371) <br />(10,619,480) <br />(19,757,235) <br />(7,781,575) <br />(7,154,445) <br />Sale of pproperty <br />Proceeds of bonds <br />23,374 <br />2,270 <br />— <br />— <br />Total Other Financing Sources (Uses) <br />(8,290,319) <br />(9,877,149) <br />(18,875,911) <br />(6,781,560) <br />(6,329,021) <br />Excess of revenues and other financing <br />sources over (under) expenditures and <br />6,239,601 <br />9,626,813 <br />(9,083,983) <br />(1,682,936) <br />(8,176,432) <br />other uses <br />Fund Balances at beginning of year <br />29,562,700 <br />35,802,301 <br />49,151,645 <br />41,061,684 <br />Adjustment <br />3.722.531 <br />994.022 <br />Fund balances at end of year <br />$35.802.301 <br />$49.151.645 <br />$41.061.684 <br />$39.378.748 <br />Source: City of Redwood City Audited Financial Statements for the years ending June 30, 1999 through 2002, City <br />of Redwood City for 2003. <br />-31- <br />