FY 2011 Popular Annual Financial Report FY 2011 Popular Annual Financial Report | Page 20

Financial Highlights 2011 Financial Trend Summary The financial data below is intended to provide a big picture overview of key financial metrics for 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. 2009 2010 2011 Government-wide (in thousands) Assets $2,623,614 $2,760,496 $2,769,116 Liabilities 826,194 873,331 862,993 Total Net Assets 1,797,420 1,887,165 1,906,123 Revenues Governmental activities excluding 318,192 336,507 332,469 Stadium Venue contributions Enterprise Funds 116,908 117,397 133,934 Total Revenues 435,100 453,904 466,403 Expenditures/Expenses Governmental Activities excluding 324,265 302,079 350,589 capital outlay Enterprise Funds 79,358 77,876 86,120 Capital Outlay - Cowboys Stadium 417,157 40,754 Capital Outlay - Other 58,992 38,611 26,389 Infrastructure Assets - net of accumulated depreciation Governmental Activities 209,200 205,264 199,965 Enterprise Funds 489,197 524,638 534,610 Total Infrastructure Assets 698,397 729,902 734,575 Fund Balance General Fund Nonspendable 835 1,163 1,244 Committed 500 500 1,622 Assigned 53,283 61,277 57,816 Unassigned 3,663 3,627 6,093 Debt Service Fund -restricted 48,685 58,696 38,130 Long-term Debt Outstanding Governmental Activities 285,774 327,943 319,625 Enterprise Funds 100,407 110,120 143,256 Cowboys Stadium 302,229 297,056 262,212 TOTAL 688,410 735,119 725,093 Pension Obligation - TMRS Funded 360,029 373,896 688,015 Unfunded 234,413 247,280 144,154 Percent funded 60.6% 60.20% 82.70% Retiree Benefit Obligation Funded - - Unfunded 104,500 100,900 109,100 Popular Annual Financial Report for 2011 20 Accounting Terminology Enterprise Funds Water, Sewer and Storm Water Utility funded by fees charged to users Capital Outlay Funds spent to purchase or construct buildings, machinery, vehicles, etc. Fund Balance The difference between assets and liabilities of a fund Government-wide The City as a whole Governmental Activities The City’s basic services such as Police, Fire, Public Works and Parks which are mostly funded by property tax, sales tax and franchise fees Infrastructure Assets Stationary assets of the City that include streets, sidewalks, water, sewer and drainage systems Net Assets The difference between assets and liabilities for the City as a whole TMRS Texas Municipal Retirement System “Challenge, Change, Celebrate, Congra