FY 2011 Popular Annual Financial Report FY 2011 Popular Annual Financial Report | Page 21

Financial Highlights 2011

Trend Variances

FY 2011 Important Facts
Founded 1884

• The City’s increase in total net assets of $19M this year is $70.7M
lower than the $89.7M increase last year. This variance is partly
attributable to the completion of the Cowboy Stadium Project. Last
year, contributions from the project were $37.3M. Because the
project was completed in 2010, there were no contributions in
2011. Additionally, last year $27.7M was included in contribution
income related to the one time transfer of assets from the dissolved
component unit, Arlington Sports Facilities Development Authority,
Inc. to the General Fund.

Incorporated 1887
2011 Population

County Tarrant
Assessed Property Values
City Tax Rate

$86,219
$901

Labor Force

209,258

Unemployment Rate

8.0%

Housing Start Permits Issued

230

Foreclosures - residential and commercial

914

Occupancy Rates

- Office
- Industrial
- Retail
- Residential-multifamily

88.0%
90.0%
91.6%
91.2%

• Total long term debt decreased $10M during the year. Debt
issues in 2011 include $54.28M in Permanent Improvement
and Refunding bonds, $1.8M in Combination Tax and Revenue
Certificates of Obligation, $17.2M in Water and Wastewater System
Revenue and Refunding bonds and $25.6M in Municipal Drainage
Utility System Revenue Bonds. Bond principal payments totaled
$109.1M on existing obligations.

Major Employers 2011
• Arlington ISD
• UT Arlington
• Six Flags over Texas
• The Parks at Arlington
• City of Arlington
• General Motors

• The