FY 2008 Popular Annual Financial Report FY 2008 Popular Annual Financial Report

Financial Highlights Financial Trend Summary The financial data below is intended to provide a big picture overview of key financial metrics over the past three years. The information below is from selected funds and does not proport to represent all of the City’s component units. For ease of reading, this data is summarized in ways that are not in accordance with Generally Accepted Accounting Principles (GAAP) and the notes to the financial statements are not provided. The City of Arlington is audited annually and prepares a full GAAP-based Comprehensive Annual Financial Report (CAFR). The latest report is available to readers on the City of Arlington web site at www.arlingtontx. gov/finance/cafr_financial_reports.html. For more information about the CAFR or other financial reporting questions, contact the Financial and Management Resources Department at 817-459-6300. 2006 2007 2008 Government-wide (in thousands) Assets $ 1,774,044 $ 1,979,197 $ 2,212,407 Liabilities 730,378 748,392 834,605 Total Net Assets 1,043,666 1,230,805 1,377,802 Revenues Governmental Funds 308,868 342,327 319,271 excluding contribution from Cowboys Business Activities 110,575 94,328 107,093 Total Revenues 419,443 436,655 426,364 Expenditures/Expenses Governmental Activities 259,848 274,560 325,407 excluding capital outlay Business Activities 73,549 71,897 69,821 Capital Outlay - Cowboys Stadium 113,518 230,741 280,295 Capital Outlay - Other 30,955 48,117 57,366 Infrastructure Assets - net of accumulated depreciation Governmental Activities 289,373 283,625 264,032 Business Activities 367,059 388,133 418,417 Total Infrastructure Assets 656,432 671,758 682,449 Fund Balance General Fund Reserved 5,208 7,460 7,176 Unreserved 60,906 52,886 49,013 Debt Service Fund - reserved 20,639 34,173 50,274 Cowboy Stadium Fund - reserved 247,917 143,582 7,770 Net Assets Arlington Tomorrow Foundation - restricted n/a n/a 36,765 Long-term Debt Governmental Activities 252,695 228,280 308,530 Business Activities 84,510 99,000 93,105 Cowboys Stadium 297,990 297,900 297,990 TOTAL 635,195 625,180 699,625 Pension Obligation - TMRS Funded 334,823 342,866 348,785 Unfunded 112,617 123,755 220,619 Percent funded 75% 73% 61% Retiree Benefit Obligation Funded 0 Unfunded 101,800 Popular Annual Financial Report for 2008 20 Major Employers • Arlington ISD • UT-Arlington • Six Flags Over Texas • General Motors • The Parks Mall Major Taxpayers 3.4 % of the City’s assessed value: • • • • • General Motors TXU The Parks Mall Southwestern Bell Lincoln Square

FY 2008 Popular Annual Financial Report FY 2008 Popular Annual Financial Report | Page 20