FY 2010 Popular Annual Financial Report FY 2010 Popular Annual Financial Report | Seite 21

Financial Highlights 2010
Accounting Terminology

Trend Variances

Enterprise Funds �������������� Water, Sewer and Storm Water Utility
funded by fees charged to users

• The City’s increase in total net assets of $89.7M this year was
$330.3M lower than the $420M increase last year. This variance
is attributable to the oneMajor Employers 2010
time $261M in contributions
• Arlington ISD
received from the Cowboys
• UT-Arlington
Stadium, L.P. for construction
• Six Flags Over Texas
of the Cowboys Project.
• General Motors
• The increase in total
• Texas Health Resources-AMH
revenues of $18.8M is partly
attributable to increases in
Major Taxpayers
tax revenue, fines, forfeitures, 3.9 % of the City’s assessed value:
licenses and permits. Lease
• General Motors
revenue also increased this
• The Parks Mall at Arlington
year due to collection of a full
• Oncor Electric Delivery
year’s Cowboy Stadium rent.
• Arlington Highlands

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

FY 2010 Important Facts
Founded:

1884

Incorporated:

1887

2010 Population:
County:
Form of City Government:
City Employees:
Assessed Property Values:
2009 Municipal Budget:
City Tax Rate:
Parkland:
2009 Building Permits:
Average Home Tax Value:

365,438
Tarrant
Council-Manager
2,792
$18.3 Billion
$370,138,983
$0.6480 per $100 valuation
4,689.2 acres
3,373
$135,484

• Southwestern Bell
• The Cowboy Stadium was
substantially completed last
year. An additional $41M in capital outlay was incurred this year
vs. $417M last year.
• Total infrastructure assets increased $31.5M this year primarily due
to additions to the City’s water and sewer system.
• General Fund unreserved fund balance increased $7.4M this year
vs. last year due to a modest increase in revenues combined with
City management’s efforts to reduce spending.
• Debt Service fund balance increased $10M this year due to prior
refunding and the termination of variable rate debt and swaps for
the Cowboy Stadium.
• Total long term debt increased $46.7M during the year. Debt
issues in 2010 include $63.9M in Permanent Improvement
and Refunding bonds, $8.9M in Combination Tax and Revenue
Certificates of Obligation and $21.5M in Water and Wastewater
System Revenue and Refunding bonds. Bond principal payments
totaled $64.6M on existing obligations.

21

“Meeting the Challenge”