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