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7.1.G. - Page 61 CITY OF REDWOOD CITY <br /> FIDUCIARY FUNDS <br /> STATEMENT OF CHANGES IN NET POSITION <br /> JUNE 30, 2013 <br /> Successor Agency <br /> Private Purpose <br /> Trust Fund <br /> ADDITIONS <br /> Property taxes 7,164,925 <br /> Investment earnings 25,409 <br /> Other <br /> Transfers in from City <br /> Total additions 7,190,334 <br /> DEDUCTIONS <br /> Community development 305,134 <br /> Program expenses of former redevelopment agency 2,156,756 <br /> Depreciation 518,272 <br /> Interest and fiscal agency expenses of former redevelopment agency 2,268,776 <br /> Total deductions 5,248,938 <br /> Change in net position 1,941,396 <br /> Net position - beginning (22,992,311) <br /> Net position - ending (21,050,915) <br /> See accompanying notes to financial statements <br /> 33 <br />