AgdaPkt 2014-01-13 Interview, Closed and Regular

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7.1.G. - Page 37 Management's Discussion and Analysis For the year ended June 30, 2013 Changes in City's Net Position (in Millions) Governmental Business -type Activities Activities Total 2013 2012 2013 2012 2013 2012 Variance Revenues $ $ $ $ $ $ Program revenues: Community development 6.004 6.493 6.004 6.493 - 7.531% Human Services 0.511 0.478 0.511 0.478 6.904% Public safety 6.051 5.324 6.051 5.324 13.655% Transportation 5.589 7.326 5.589 7.326 - 23.710% Environmental support and protection 1.357 2.146 1.357 2.146 - 36.766% Leisure, cultural and information services 12.282 5.486 12.282 5.486 123.879% Policy development and implementation 1.855 1.891 1.855 1.891 - 1.904% Water 33.202 28.465 33.202 28.465 16.641% Sewer 28.100 26.898 28.100 26.898 4.469% Parking 1.367 1.268 1.367 1.268 7.808% Port of Redwood City 6.263 7.638 6.263 7.638 - 18.002% Docktown Marina 0.493 0.493 100.000% General revenues: Taxes /special assessments 77.956 79.027 0.104 0.077 78.060 79.104 - 1.320% Investment earnings 0.301 0.579 0.151 0.282 0.452 0.861 - 47.503% Other 1.070 1.261 0.004 0.015 1.074 1.276 - 15.831% Total revenues 112.976 110.011 69.684 64.643 182.660 174.654 4.584% Expenses Community development 9.090 22.954 9.090 22.954 - 60.399% Human services 1.562 1.496 1.562 1.496 4.412% Public safety 51.355 50.621 51.355 50.621 1.450% Transportation 11.332 11.353 11.332 11.353 - 0.185% Environmental support and protection 1.996 2.328 1.996 2.328 - 14.261% Leisure, cultural and information services 21.550 21.682 21.550 21.682 - 0.609% Policy development and implementation 6.031 4.774 6.031 4.774 26.330% Interest on long term debt 0.314 1.615 0.314 1.615 - 80.557% Water 31.124 28.681 31.124 28.681 8.518% Sewer 19.287 20.017 19.287 20.017 - 3.647% Parking 2.430 2.420 2.430 2.420 0.413% Port of Redwood City 5.628 4.739 5.628 4.739 18.759% Docktown Marina 0.243 0.243 100.000% Total expenses 103.230 116.823 58.712 55.857 161.942 172.680 - 6.218% Change in net position before transfers and extraordinary item 9.746 (6.812) 10.972 8.786 20.718 1.974 949.544% Transfers (0.473) (0.608) 0.473 0.608 Extraordinary item - RDA dissolution 19.162 19.162 100.000% Change in net position 9.273 11.742 11.445 9.394 20.718 21.136 - 1.978% Net position - July 1 272.890 261.148 182.601 173.207 455.491 434.355 4.866% Net position -June 30 282.163 272.890 194.046 182.601 476.209 455.491 4.548% GOVERNMENTAL ACTIVITIES Governmental activities prior to transfers and extraordinary items increased the City's net position by $9.7 million. Including transfers, governmental activities increased $9.3 million. Transfers in FY 2012/13 consisted primarily of the transfer out of the general fund to the parking fund to cover parking 9