FY 2009 Popular Annual Financial Report FY 2009 Popular Annual Financial Report | Page 20
Financial Highlights
Accounting Terminology
Levitt Pavilion crowd enjoys music under the stars.
Business Activities ������������ 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
Major Employers
• Arlington ISD
• UT-Arlington
• Six Flags Over Texas
• General Motors
• Texas Health Resources-AMH
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
Major Taxpayers
3.9 % of the City’s assessed value:
• General Motors
• The Parks Mall at Arlington
• Oncor Electric Delivery
• Arlington Highlands
• Southwestern Bell
Net Assets ������������������������ The difference between assets and
liabilities for the City as a whole
Trend Variances
TMRS ������������������������������� Texas Municipal Retirement System
• Total government-wide net
assets increased $420M this
year vs. last year primarily due
to $417M of capitalized costs
of construction on the Cowboys Stadium which includes $403M in
contributions from the Cowboys Stadium, L.P.
Important Facts
Founded:
1884
Incorporated:
1887
2009 Population:
County:
Form of City Government:
Tarrant
Council-Manager
City Employees:
City Tax Rate:
• The variance in infrastructure assets for both the governmental and
business activities is the result of creating a new storm water utility
enterprise fund and transferring assets to it from governmental
activities. This also accounts for the $10M increase in business
activities revenue this year.
2843
Assessed Property Values:
2009 Municipal Budget:
• $137M more was incurred for capital outlay for the Cowboys
Stadium this year vs. last year to finish the project. The Stadium
opened on schedule.
370,450
$18.2 Billion
$383,167,736.00
$0.6480 per $100 valuation
Parkland:
2009 Building Permits:
4,689.2 acres
• Total long term debt decreased $19.5M during the year. Debt
issues in 2009 include $18M Water and Wastewater System
Revenue bonds, $14M Water and Wastewater System Revenue
refunded bonds, and $175M of Dallas Cowboys Complex special
tax refunding bonds Series 2008 and Series 2009. Bond principal
payments total $219M on existing obligations.
4,606
Average Home Tax Value:
$104,198
Average Home Sale Price:
$142,458
Popular Annual Financial Report for 2009
20