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6.1.F. - Page 56 CITY OF REDWOOD CITY,CALIFORNIA
<br /> PROPRIETARY FUNDS
<br /> STATEMENT OF REVENUES, EXPENSES
<br /> AND CHANGES IN FUND NET ASSETS
<br /> FOR THE YEAR ENDED JUNE 30,2012
<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 /> Chargesforservices 28,110,649 25,108,273 1,267,531 6,102,320 60,588,773 21,658,315
<br /> Total Operating Revenues 28,110,649 25,108,273 1,267,531 6,102,320 60,588,773 21,658,315
<br /> Operating Expenses:
<br /> Employee services 4,519,873 2,076,722 928,506 1,180,268 8,705,369 9,370,562
<br /> Maintenance 1,388,805 607,645 196,540 104,131 2,297,121 2,074,087
<br /> Water purchases 12,322,487 12,322,487
<br /> Utilities 271,636 148,828 103,656 192,905 717,025 58,839
<br /> Contractual services 470,506 12,805,525 482,105 639,991 14,398,127 496,538
<br /> Supplies and services 4,215,789 3,834,552 124,410 994,926 9,169,677 1,316,915
<br /> Depreciation and amortization 2,639,551 544,154 580,047 1,143,174 4,906,926 1,184,383
<br /> Insurance and claims 9,244,737
<br /> Total Operating Expenses 25,828,647 20,017,426 2,415,264 4,255,395 52,516,732 23,746,061
<br /> Operating Income(Loss) 2,282,002 5,090,847 (1,147,733) 1,846,925 8,072,041 (2,087,746)
<br /> Nonoperating Revenues(Expenses):
<br /> Gain(loss)on disposal of equipment 43,742
<br /> Property taxes 77,425 77,425
<br /> Grant revenue 264,987 1,536,265 1,801,252
<br /> Investment earnings 201,158 23,750 56,675 281,583 203,562
<br /> Interest expense (2,852,147) (4,765) (484,002) (3,340,914)
<br /> Increase(decrease)in investment in sewer authority 1,392,123 1,392,123
<br /> Insurance recovery 14,373 212 14,585 9,169
<br /> Net Nonoperating Revenues(Expenses) (2,371,629) 1,415,873 72,872 1,108,938 226,054 256,473
<br /> Net Income(Loss)Before Capital Contributions
<br /> and Transfers (89,627) 6,506,720 (1,074,861) 2,955,863 8,298,095 (1,831,273)
<br /> Capital contributions 89,701 398,044 487,745 170,334
<br /> Transfers in 607,867 607,867
<br /> Transfers(out) (14,417)
<br /> Total Capital Contributions and Transfers 89,701 398,044 607,867 1,095,612 155,917
<br /> Change in net assets 74 6,904,764 (466,994) 2,955,863 9,393,707 (1,675,356)
<br /> Total net assets-beginning 64,053,033 56,201,353 24,568,232 28,384,306 173,206,924 20,419,855
<br /> Total net assets-ending 64,053,107 63,106,117 24,101,238 31,340,169 182,600,631 18,744,499
<br /> See accompanying notes to financial statements
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