FY 2016/17 Financial Highlights

City CouncilNovember 28, 2017Prepared by: City Treasurer

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General Fund Operating SourcesYear-End FY 2016/17(in millions: rounding differences may occur)

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General Fund Operating SourcesYear-End FY 2016/17(in millions: rounding differences may occur)

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General Fund Sales TaxYear-End: June 2017(in millions: rounding differences may occur)

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General Fund Sales TaxYear-End: June 2017(in millions: rounding differences may occur)

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General Fund Operating UsesYear-End: FY 2016/17(in millions: rounding differences may occur)

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General Fund Operating UsesYear-End: FY 2016/17(in millions: rounding differences may occur)

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General Fund Sources Over/(Under) Uses Year-End: FY 2016/17(in millions: rounding differences may occur)

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FY 2016/17 Financial HighlightsStatement of Net Position

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FY 2016/17 Financial HighlightsStatement of Net Position(in millions: rounding differences may occur)

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FY 2016/17 FY 2015/16 ChangeAssets

Cash and Cash Equivalents $615.0 $558.1 $56.9Receivables 105.4 92.9 12.5 Other 222.9 183.8 39.1 Capital Assets (Net of Depreciation)

Governmental Activities 4,349.5 4,263.9 85.6 Equity in Joint Venture 99.1 102.8 (3.7) Other Enterprise Activities 1,466.0 1,468.9 (2.9)

Total Assets 6,857.9 6,670.4 187.5

LiabilitiesAccruals: Payables, Payroll and Benefits (141.8) (136.8) (5.0) Accrued Compensated Absences (29.0) (29.1) 0.1 Other Liabilities (103.8) (91.0) (12.8) Net Pension Liabilities (343.6) (291.1) (52.5)Bonds, Loans and Other Payables (1,253.3) (1,234.1) (19.2)

Total Liabilities (1,871.5) (1,782.1) (89.4)

NET POSITION $4,986.4 $4,888.3 $98.1

FY 2016/17 Financial HighlightsCash and Equivalent Balances $615.0 million (in millions: rounding differences may occur)

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FY 2016/17 Financial HighlightsReceivables and Other Assets(in millions: rounding differences may occur)

$105.4 Receivables• $35.6 Intergovernmental• $24.8 Other Local Taxes• $17.1 Charges for Services• $14.8 Interest and Other• $13.1 Property Taxes and Penalties

$222.9 Other• $84.4 Pensions• $67.6 Service Concession Arrangement• $39.9 Deferred Amounts on Refundings• $30.0 Supplies and Prepaid Items• $1.0 Customer Deposits

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FY 2016/17 Financial HighlightsNet Capital Assets by Type – Government $4,349.5 million (in millions: rounding differences may occur)

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FY 2016/17 Financial HighlightsNet Capital Assets by Type – Enterprise$1,461.3 million (in millions: rounding differences may occur)

Land, $50.4

Water Rights, $87.2

Water System, $750.8

Sewer System, $396.4 Buildings and

Improvements, $28.5 Machinery and

Equipment, $3.6 Motor Vehicles,

$0.1 Computer

Equipment, $0.3

Construction in Progress, $51.9

Equity In Joint Venture, $92.2

FY 2016/17 Financial HighlightsAnnual Depreciation by Type –Government $83.1 million (in millions: rounding differences may occur)

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FY 2016/17 Financial HighlightsAnnual Depreciation by Type – Enterprise$51.7 million (in millions: rounding differences may occur)

Water System, $33.1

Sewer System, $16.5

Buildings and Improvements,

$1.5

Machinery and Equipment,

$0.5

FY 2016/17 Financial HighlightsAccumulated Depreciation by Type –Government $1,445.1 million (in millions: rounding differences may occur)

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FY 2016/17 Financial HighlightsAccumulated Depreciation by Type –Enterprise $701.2 million (in millions: rounding differences may occur)

Water System, $463.1

Sewer System, $219.7

Buildings and Improvements,

$14.6

Machinery and Equipment,

$2.9 Motor Vehicles,

$0.6

Computer Equipment,

$0.2

FY 2016/17 Financial HighlightsAcquisitions by Type –Government $221.5 million

(in millions: rounding differences may occur)

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FY 2016/17 Financial HighlightsAcquisitions by Type – Enterprise $76.7 million (in millions: rounding differences may occur)

Land, $0.1

Water System, $16.9

Sewer System, $9.2

Buildings and Improvements,

$5.8

Machinery and Equipment,

$0.6 Computer

Equipment, $0.1

Construction in Progress,

$44.0

FY 2016/17 Financial HighlightsAccruals and Other Liabilities(in millions: rounding differences may occur)

$141.8 Accruals: Payables, Payroll and Benefits• $129.0 Accounts and Interest Payable• $ 12.8 Payroll and Benefits

$29.0 Accrued Compensated Absences

$103.8 Other Liabilities

$343.6 Net Pension Liabilities21

FY 2016/17 Financial HighlightsBonds, Loans and Other Payables$1,253.3 million(in millions: rounding differences may occur)

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FY 2016/17 Financial Highlights“Off-Balance Sheet” Liabilities

Compensated AbsencesLiability to be earned by employees during future service

Implicit SubsidiesLiability for health insurance at subsidized rates for Public Safety “medically-retired” employees

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