FY 2016 Popular Annual Financial Report FY 2016 Popular Annual Financial Report | Page 20

Financial Highlights 2016

Financial Trend Summary
The financial data below is intended to provide a big picture overview of key financial metrics for the past three years . This information is from selected funds and does not purport 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 ), available online at www . ArlingtonTX . gov on the Financial Reports page . For more information about the CAFR or other financial reporting questions , contact the Finance Department at 817-459-6300 .
2016
2015
2014
All Funds ( in thousands ) Assets and Deferred Outflows
$ 3,021,659
$ 2,843,434
$ 2,780,432
Liabilities and Deferred Inflows
1,038,972
935,487
909,903
Net Position
$ 1,982,687
$ 1,907,947
$ 1,870,529
Revenues Governmental Activities
$ 406,627
$ 355,516
$ 333,275
Business-type Activities
147,133
137,742
130,464
Total
$ 553,760
$ 493,258
$ 463,739
Expenses Governmental Activities
$ 374,583
$ 353,682
$ 369,090
Business-type Activities
104,437
102,158
100,792
Total
$ 479,020
$ 455,840
$ 469,882
Infrastructure Assets - net of depreciation Governmental Activities
$ 207,767
$ 208,832
$ 209,198
Business-type Activities
656,574
582,397
558,696
Total
$ 864,341
$ 791,229
$ 767,894
Fund Balance General Fund
Nonspendable
$ 1,382
$ 1,278
$ 1,229
Committed
-
500
500
Assigned
60,618
55,707
53,553
Unassigned
478
538
909
Debt Service Fund - restricted
$ 28,124
34,526
34,384
Long-term Debt Outstanding Governmental Activities
$ 369,721
$ 332,958
$ 332,537
Business-type Activities
$ 192,985
162,639
155,908
AT & T Stadium
$ 156,570
185,049
207,828
Total Debt
$ 719,276
$ 680,646
$ 696,273
Pension Obligation - TMRS Funded
$ 919,641
$ 933,378
$ 842,194
Unfunded
166,772
104,604
161,044
Percent Funded
84.65 %
89.2 %
83.90 %
Retiree Health Benefit Obligation Funded
-
-
-
Unfunded
$ 99,600
$ 101,300
$ 103,500
Major Employers 2016
• Arlington ISD
• UT-Arlington
• General Motors
• Texas Health Resources
• Six Flags Over Texas
• The Parks at Arlington
• GM Financial
Major Taxpayers 2016
5.2 % of the City ’ s assessed value :
• General Motors
• Arlington Highlands , LLP
• Parks at Arlington
• Oncor Electric Delivery
• Lincoln Square TX LP
• Six Flags Fund
• Chesapeake Operating
Note : FY14 net position has been restated for the impact of GASB Statement No . 68 .
20 | Popular Annual Financial Report