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O City of Redwood City <br /> Fiscal Yearn in ($000's) <br /> <br /> FY02/03 FY03/04 FY04/05 FY05/06 FY06/07 <br /> Actual <br />Total Revenues 62,694 62,218 64,142 66,121 69,403 <br />Total Expenditures (64,322) (64,150) (70,555) (74,553) (77,712) <br />Adjustments: <br />Revenues 1,000 1,000 1,000 <br />State takeways <br />Prior year reductions 2,707 2,707 <br /> 3,166 <br />"Initial" deficit - $ (1,628) (1,932) (5,413) (4,725) (1,437) <br />Deficit - % of expenditures 2.54% 3.01% 7.67% 6.58% 2.00% <br /> <br />% of deficit covered from reserves 50.00% 33.00% 0.00% <br />Expenditure reductions - $ (1,200) (3,700) (2,707) (3,166) (1,437) <br />Use of reserves - $ (1,628) (1,932) (2,707) (1,559) 0 <br />Reductions as a % of expenditures: <br />"across the board" 3.84% 4.41% 2.00% <br />'no cuts to public safety" 7.67% 8.81% 4.00% <br /> <br /> <br />