FY 2015 Popular Annual Financial Report FY 2015 Popular Annual Financial Report | Seite 21

Accounting Terminology
General Fund The chief operating fund
of the City
Enterprise Funds Water, Sewer and
Storm Water Utilities funded by fees
charged to users
Capital Outlay Funds spent to
purchase or construct buildings,
machinery, vehicles, etc.
Total Fund Balance The difference
between assets and deferred outflow
of resources and liabilities and
deferred inflow of resources of a fund
Nonspendable Fund Balance The
portion of fund balance that cannot
be spent because the underlying
resources are not in spendable form
Restricted Fund Balance The portion
of fund balance that represents
resources subject to externally
enforceable constraints
Committed Fund Balance The portion
of fund balance that represents
resources whose use is subject to
legally binding constraints imposed
by the City itself
Assigned Fund Balance The portion of
fund balance set aside by the City for
a particular purpose
Unassigned Fund Balance The
difference between total fund
balance and its nonspendable,
restricted, committed and assigned
components
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 Pension Liability The difference
between the total pension liability
(the present value of projected
benefit payments to employees
based on their past service) and the
assets (mostly investments reported
at fair value) set aside in a trust
and restricted to paying benefits to
current employees, retirees, and their
beneficiaries
Net Position The difference between
assets and deferred outflow of
resources and liabilities and deferred
inflow of resources for the City as a
whole
TMRS Texas Municipal Retirement
System

FY15 Important Facts
Trend Variances

Founded 1884
Incorporated 1887
County Tarrant
Assessed Property Values
$18.9 Billion
City Tax Rate $0.6480 per $100 valuation
Sales Tax (in thousands)
$97,895

• The City’s increase in total net position of
$37.4M for the year is $43.5M higher than
the $6.1M decrease last year. The increase
is primarily related to increased revenues in
property and sales tax, capital grants and
contributions, and charge for services increase in the proprietary funds. The
Water and Sewer Utility fund’s net position increased by $19M in fiscal year
2015 compared to $14.3M in fiscal year 2014.
• Governmental activities revenue increased compared to the prior year,
increasing overall by 4.99%. Sales and property tax revenue accounted for
the majority of the increase this year compared to last.
• Expenditures decreased approximately $14.0M (3%) from the prior year.
Increases are primarily attributed to reclassification/equity adjustments,
increased staffing and salary expenses. Decreases are primarily due to
position vacancies, postponement of projects, and decrease in the amount
of interest and fiscal charges during the current year. Increases in expenses
in business-type activities were primarily for the cost of purchasing water
and sewage treatment.
• The 2015 General Fund assigned fund balance was $56.3M with $.5M
unassigned, an overall increase in the aggregate from prior year. In 2014,
the comparable balances were $54.4M and $.9M. Fund balance assignment
changes in the General Fund include decreases information technology
and park performance of $.01M and $.3M respectively. Increases to
encumbrances, working capital, subsequent years’ expenses, compensated
absences and dispatch of $1.2M, $.6M, $.2M, $.07M and $.2M respectively
were also noted.
• Total debt of $666.2M decreased $19M during the year. Debt issues in
2015 include $32.0M in Permanent Improvement Bonds and $36.8M
in Permanent Improvement Refunding Bonds, $11.9M in Water and
Wastewater System Refunding Bonds, $18.2M in Water and Wastewater
System Revenue Bonds, Series 2015A and $.24M bonds related to the
2008 Texas Water Development Board (TWDB) Clean and Drinking Water
Programs. Bond principal payments for 2015 total $107M on existing
obligations with an additional $11.9M in principal refunded. Exclusive of
AT&T Stadium debt, City of Arlington debt is allocated 65% for general
government, with the remaining 35% to water, wastewater and storm water
activities.

Popular Annual Financial Report

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