HomeMy WebLinkAboutCity of Milwaukie - Public Financial ReportiCITY OF MILWAUKIE
PEOPLE’S AN
N
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A
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FINANCIAL R
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Fiscal Year Ended June 30, 2021
MILWAUKIE, OREGON
2021
The information in this report is drawn from the Annual
Comprehensive Financial Report for the fiscal year ended June
30, 2021. Please review the Annual Comprehensive Financial
Report online, or contact Finance Director Bonnie Dennis
at dennisb@milwaukieoregon.gov to request a copy or ask
questions about this report.
CITY OF MILWAUKIE
Letter from the City Manager
Milwaukie Leadership
City Council Goals & Priorities
About Milwaukie
Milwaukie Operating Statistics
Boards, Committees & Commissions
Overview of Audited Results
Balance Sheet
Income Statement
Financial Policies
Financial Planning
City Budget: Financial Plan
City Budget: Information
Budget: Where Our Money Comes From
Where Your Taxes Go
How We Spend Our Money
Expenditures by Department / Fund
Glossary
Government Finance Officers Association
Award for Outstanding Achievement in Popular Annual Financial Reporting
Presented to
City of Milwaukie
Oregon
For its Annual Financial Report
for the Fiscal Year Ended June 30, 2020
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CONTENTS
1CITY OF MILWAUKIE
Milwaukie Community Members,
One of the primary roles of government is to use taxpayer dollars to provide
high-quality programs and services, while doing so in a thoughtful, responsible
and transparent manner. This includes providing regular reports about the city’s
finances. We are proud to present the People’s Annual Financial Report (PAFR)
for the fiscal year ended June 30, 2021.
The PAFR is designed to provide a summary of the city’s financial activities. It’s a
high-level report for those who wish to learn more about how Milwaukie’s money
is spent. Within this report, you will find a condensed and simplified format of
the Annual Comprehensive Financial Report. It’s important to note, this report
is unaudited and presented on a non-Generally Accepted Accounting Principles
(GAAP) basis. It contains summarized financial information and does not provide
all the necessary financial statements or note disclosures required by GAAP. The Annual Comprehensive Financial
Report is a more detailed and complete financial presentation, which is prepared in conformity with GAAP and
audited by the city’s independent auditors.
The City of Milwaukie is proud to have received all three of the Government Finance Officers Association (GFOA)
awards for local government finance:
• Distinguished Budget Presentation Award
• Certificate of Achievement for Excellence in Financial Reporting
• Award for Outstanding Achievement in Popular Annual Financial Reporting
It’s our belief that participating in GFOA award programs improves everyone’s understanding of Milwaukie finances.
Receiving these awards highlights our shared belief that financial information, presented in formats consistent with
the highest standards in governmental financial reporting, is the best way to achieve financial transparency.
Throughout the year, the Finance Department works on budgets, audits, financial policies, financial forecasts and
financial management. We would like to thank the hard-working staff of the finance department, who are responsible
for producing this report, as well as the Annual Comprehensive Financial Report. Their commitment to accountability
and integrity provides a great service to the Milwaukie community.
We invite you to seek more in-depth information online. The Annual Comprehensive Financial Report, Biennial
Budget, and other detailed reporting are available at www.milwaukieoregon.gov/finance. This webpage also includes
information about department operations, capital projects, agendas, meetings and much more.
For any questions about this report, please email Finance Director Bonnie Dennis at dennisb@milwaukieoregon.gov.
Sincerely,
Ann Ober
City Manager
LETTER FROM THE CITY MANAGER
2 PEOPLE’S ANNUAL FINANCIAL REPORT 2021
City Manager Ann Ober ∙ City Attorney Justin Gericke ∙ Municipal Court Judge Kimberly Graves
MAYORMark Gamba COUNCILOR #1Angel Falconer COUNCILOR #2 Lisa Batey COUNCILOR #3Desi Nicodemus COUNCILOR #4Kathy Hyzy
Council President
ELECTED OFFICIALS (as of June 30, 2021)
Milwaukie operates under a Council-
Manager form of government. The Mayor
and City Councilors are responsible for
establishing policy and providing direction
to the City Manager. The Mayor and City
Councilors are elected at-large and serve
staggered four-year terms. The Mayor presides
at official meetings and work sessions.
The city’s administration is committed to
professionalism and efficiency. It continues to
provide this People’s Annual Financial Report,
which is published as part of the Finance
Department’s ongoing mission to provide the
utmost transparency and understanding about
Milwaukie’s finances.
FORM OF GOVERNMENT
CURRENT APPOINTED OFFICIALS
3CITY OF MILWAUKIE
GOAL 1
GOAL 2
On Sep. 21, 2021, City Council approved Resolution 51-2021, adopting goals for 2021-2022. Below is the formally-
adopted language for City Council’s current goals. For more information, visit www.milwaukieoregon.gov/citycouncil/
goals. To view the latest updates about the city’s efforts to pursue these goals, visit www.milwaukieoregon.gov.
Whereas, Black, Indigenous and people of color have suffered horrific inequities and
crimes against humanity in this country for centuries; and the violent death of George
Floyd sparked an international demand for an end to systematic racism; and the
Milwaukie 2040 vision calls for a flourishing city that is entirely equitable, delightfully
livable and completely sustainable for all residents; and the city’s work to achieve that
vision only started with writing a new Comprehensive Plan that will begin to reverse
code provisions and zoning that have long disenfranchised our BIPOC neighbors.
Therefore, the city commits to a series of immediate actions, including listening
sessions to inform subsequent changes to city practices, policies and codes; work
on relationship-building with Milwaukie’s Black, indigenous, and people of color
residents to define the next steps forward; to fund equity, inclusion, and justice
training for all staff, including the police department; and City Council will further
our own education about systemic racism. A budget adjustment will be presented to
move additional resources to fund these efforts.
Whereas, climate change is the single largest threat to the future citizens of
Milwaukie; and whereas, the Milwaukie community vision calls for Milwaukie to
become a net zero city by the year 2040 as our contribution towards forestalling
the worst effects of climate change; and whereas, the city has adopted a climate
action plan.
Therefore, be it pesolved by the City Council of the city of Milwaukie, Oregon, that
the city will take aggressive steps to minimize climate change and increase climate-
related resilience by implementing specific actions identified in the city’s climate
action plan that provide the greatest impact possible.
Be it further resolved, that in its actions and planning, the city of Milwaukie will strive
to be a model for climate change reduction for both its residents and other cities.
CITY COUNCIL GOALS & PRIORITIES
CLIMATE CHANGE MITIGATION AND RESILIENCE ACTION
EQUITY, JUSTICE AND INCLUSION
Juneteenth Celebration
Arbor Day Tree Planting
4 PEOPLE’S ANNUAL FINANCIAL REPORT 2021
Nestled along the banks of the Willamette River, Milwaukie
enjoys the comforts of a small town, as well as the benefits
of its close location to Portland. Milwaukie strives to stay
true to itself and the spirit of the community, even if that’s
unconventional at times, while upholding a strong sense of
optimism that keeps everyone persistent in their pursuit for
shared successes. Woven through the fabric of the community
is the value placed on ingenuity, equity and community
connection.These strengths have contributed to the recently-
completed visioning process that received an outpouring of
support from the community, and led Milwaukie to receive the
2017 Award for Public Involvement and Participation from the
Oregon chapter of the American Planning Association. They
can also be found in the city’s robust and thriving business
community. With more than 1,500 companies, including
Oregon Tool, Bob’s Red Mill, Dark Horse Comics and
Precision Castparts Corporation, Milwaukie is home to several
of Oregon’s largest and most iconic employers.
The city’s administration is committed to professionalism,
efficiency, and customer service. The city operates its own
police department, municipal court, water, wastewater and
stormwater utilities, and provides street operations, planning,
building inspections, engineering, community development
and library services.
Clackamas Fire District #1 provides fire and emergency
services and North Clackamas Parks & Recreation District
provides parks and recreation services. Milwaukie lies within
Clackamas County, which is headed by five commissioners
and is based in Oregon City. Milwaukie is also part of Metro,
the tri-county urban services district based in Portland.
RANK EMPLOYER EMPLOYEES
1 Oregon Tool 709
2 North Clackamas School District 486
3 Providence Milwaukie Hospital 464
4 OECO LLC 228
5 Consonus Pharmacy Services 184
6 Wendell & Wild 181
7 ODS Plaza 172
8 Alpine Food Distributing 162
9 Dave’s Killer Bread 147
10 City of Milwaukie 145
FACTS & FIGURES FOR FISCAL YEAR 2021
City Property Tax Rate $4.1367/$1,000 TAV
City Bonded Debt Tax Rate $0.4108/$1,000 TAV
Total Property Tax Rate:$21.5814/$1,000 TAV
City Share of Total:21%
Total Annual Budget $98 million
Population 20,600
City Employees 145 FTE
Outstanding Debt $39.1 million
Bond Rating*Aa2 *
City-Maintained Roads 160 lane miles
Building Permits 246
Sewer Miles 79
Water Lines Maintained 100 miles
Number of Traffic Citations 558
Average Library Circulation
Per Capita 7.78
Unemployment Rate 5.9%
* Investment Grade - Rated as high quality and very low credit risk.
ABOUT MILWAUKIE
Milwaukie
5CITY OF MILWAUKIE
CITY OPERATION NUMBERS
2,438
CITATIONS PROCESSED
(traffic, non-traffic, parking
and city ordinance)
4,065
INSPECTIONS
PERFORMED
FIRE HYDRANTS
MAINTAINED
9494
$145145
FULL-TIME
EMPLOYEES
$0 $20 $40 $60 $80 $100 $120
FY 2019
FY 2020
FY 2021
Series 1
FY 2019 FY 2020 FY 2021
$98 MILLION
$82 MILLION
$106 MILLION
FY
2
0
FY
2
1
FY
1
9
$0 $20 $40 $60 $80 $100
1,778
CATCH BASINS
MAINTAINED
2,260
KW OF SOLAR
CAPACITY
96,144
LIBRARY ITEMS
IN COLLECTION
TOTAL ANNUAL
BUDGET
6 PEOPLE’S ANNUAL FINANCIAL REPORT 2021
The City of Milwaukie has 13 appointed boards, commissions and committees. Qualified applicants are appointed by
City Council following an application and interview process. Terms for membership are two years for all, but the Budget
Committee and Planning Commission. For more information or to apply, visit www.milwaukieoregon.gov/bc.
Arts Committee
The Milwaukie Arts Committee works to connect artists
with resources, and to connect the community with art. The
committee oversees many projects and programs, including
the City Hall Sculpture Garden, public murals and City
Hall Art Gallery, as well as several arts and culture related
events throughout the year.
Audit Committee
The Audit Committee ensures audits of the financial
statements are completed annually, that oversight of the
City’s independent auditors is a shared responsibility
between City management and the City Council, and
that the City Council has the opportunity to assist City
management in the review and selection of the City’s
independent auditor to ensure transparency in the
management of city audits.
Budget Committee
This committee works in accordance with the provisions of
ORS 294.336 to review the annual city budget document,
as prepared by the city budget officer, and recommend an
approved budget to City Council for adoption.
Milwaukie Center Community Advisory Board
The Community Advisory Board advises City Council
and North Clackamas Parks & Recreation District
(NCPRD) about Milwaukie Center needs. The board
weighs-in on capital improvement projects, programs and
policies, and makes budget recommendations to NCPRD.
Citizens Utility Advisory Board
This board was established for the purpose of advising
City Council about the methods and manner in which
city utility rates and capital improvements are both
scheduled and carried out.
BOARDS, COMMITTEES & COMMISSION
7CITY OF MILWAUKIE
Community Action Board
This board is a county-level social needs group that
advocates on issues related to people and households with
low-incomes. The mayor of Milwaukie serves as a member
and appoints an alternate to attend meetings in his or her
absence.
Design & Landmarks Committee
The Design & Landmarks Committee was established
to advise the Planning Commission and City Council
about urban design, architectural and historic preservation
activities including but not limited to design review of
development proposals in the downtown, education and
outreach, designation of historic districts and landmarks,
and historic and cultural resources inventories.
Library Board
This board was established for the purpose of advising
City Council and Ledding Library staff about the needs
of library patrons. They are also responsible for reviewing
library policies and donations of personal property or
funds to the library, as well as the operating budget for the
Ledding Library.
Park & Recreation Board
This board was created to focus greater energy and
resources toward meeting community park and recreation
needs through cooperative partnership between the city
and North Clackamas Parks & Recreation District.
Planning Commission
The Planning Commission was established for the
purpose of reviewing and advising on matters of
planning and zoning according to the provisions of the
Comprehensive Plan, Zoning Ordinance, and other
planning implementation documents.
Public Safety Advisory Committee
The Public Safety Advisory Committee makes
recommendations about community livability concerns
related to public safety in Milwaukie and its urban growth
boundary. Committee members include representatives
from each of the city’s seven neighborhoods.
Tree Board
The Tree Board maintains the city's plan for trees and
shrubs in public places, and advises both City Council and
North Clackamas Parks & Recreation District about tree-
related policies.
8 PEOPLE’S ANNUAL FINANCIAL REPORT 2021
• The city’s assets totaled $157.0 million on June 30,
2021, consisting of $98.8 million in capital assets, $30.6
million in unrestricted cash and investments, $22.4
million in restricted cash and investments, and $5.2
million in other assets. Total assets increased by $.7
million (.46%) from the previous fiscal year.
• The city’s liabilities totaled $69.2 million on June 30,
2021, consisting of $62.7 million in long-term liabilities
and $6.5 million in accounts payable and other liabilities.
Total liabilities increased by $2.5 million (4%) from the
previous fiscal year.
• The assets of the city exceeded its liabilities by $87.8 million
at the close of fiscal year 2021. Unrestricted net position
totaled $9.99 million with the remainder of the city’s net
position invested in capital assets ($78.1 million) and
restricted for capital projects, building operations, library
services, debt service, and public safety ($6.2 million).
• The deferred outflows of resources for the city increased
to $7.3 million, compared to $5.6 million in fiscal year
2020. The primary increase relates to pension and
OPEB assets as return on investments within their
respective plans was higher than originally forecasted.
• The deferred inflows of resources for the city decreased
to $0.9 million, compared to $1.2 million in fiscal year
2020. The primary decrease relates to pension and
OPEB liabilities as the change in proportionate share
was less for the city in 2021.
• For its governmental activities, the city generated $13.5
million in charges for services and received $4.4 million
in operating and capital grants and contributions. Direct
expenses, including interest on long-term debt for
governmental activities were $34.8 million for the year,
resulting in a net expense of $16.9 million. The city also
received $14.3 million of general revenues, resulting in a
decreased net position of $2.6 million.
• For its business-type activities, the city generated $18.2
million in charges for services and capital grants and
contributions to fund direct expenses of $15.7 million.
Business-type activities had an increase in net position of
$2.6 million.
• Fund balance in the city’s governmental funds was $35.7
million on June 30, 2021, a decrease of $1.6 million from
the previous fiscal year.
The following summary highlights are taken directly from
the Management Discussion and Analysis section of the
fiscal year 2021 Annual Comprehensive Financial Report:
OVERVIEW OF AUDITED RESULTS
9CITY OF MILWAUKIE
FISCAL YEAR
2021 FISCAL YEAR
2020
FISCAL YEAR
2019
Revenues $50,551,883 $51,366,554 $50,128,819
Expenses (50,491,064)(47,669,039)(44,124,833)
Increase (decrease) in net position 60,819 3,697,515 6,003,986
Net position 94,239,991 90,481,657 83,978,167
Restatement --499,504
Net position $94,239,991 $94,179,172 $90,481,657
STATEMENT OF ACTIVITIES
AS OF
June 30, 2021
AS OF
June 30, 2020
AS OF
June 30, 2019
ASSETS
Current assets & other assets $58,211,500 $58,836,920 $63,940,833
Capital assets 98,803,152 97,457,275 82,732,496
Total assets 157,014,652 156,294,195 146,673,329
DEFERRED OUTFLOWS OF RESOURCES
Pension • OPEB 7,345,748 5,701,102 6,098,118
LIABILITIES
Current liabilities 6,482,919 6,262,357 7,415,915
Long-term liabilities 62,693,157 60,371,846 53,641,425
Total liabilities 69,176,076 66,634,203 61,057,340
DEFERRED INFLOWS OF RESOURCES
Pension • OPEB 944,333 1,181,922 1,232,450
NET POSITION $94,239,991 $94,179,172 $90,481,657
STATEMENT OF NET POSITION
10 PEOPLE’S ANNUAL FINANCIAL REPORT 2021
The City of Milwaukie is committed to responsible
fiscal management through financial integrity, prudent
stewardship of public assets, planning, accountability and
full disclosure. The broad purpose of financial policies is to
enable the city to achieve and maintain a long-term stable
and positive financial condition. These policies are adopted
by City Council as the basic framework for overall financial
management of the city, to guide day-to-day and long-range
fiscal planning and decision making, and to achieve the
following general financial goals:
1. Provide an adequate financial base to sustain the
desired level of municipal services to maintain the
social well-being and physical conditions of the city.
2. Deliver cost-effective and efficient services to
community members.
3. Provide and maintain essential public facilities,
utilities and capital equipment.
4. Protect and enhance the city’s credit rating to
obtain the lowest cost of borrowing and assure
taxpayers and the financial community that the city
is well-managed and financially sound.
5. Provide the financial stability needed to navigate
through economic downturns, adjust to changes in the
requirements of the community, and respond to changes
as they affect the city’s residents and businesses.
6. Adhere to the highest standards of financial
management and reporting practices as set by
the Government Finance Officers Association,
Governmental Accounting Standards Board and
other professional standards.
7. Fully comply with finance related legal mandates,
laws and regulations.
To achieve these goals, fiscal policies generally cover
areas of revenue management, operating and capital
budgeting, financial planning and forecasting, investment
and asset management, debt management, accounting
and financial reporting, reserves and internal controls.
These policies are reviewed annually by management, the
Budget Committee, and City Council and amended as
necessary, as part of the budget process.
To review all financial policies for the city, see page 17
of the adopted budget for the 2021-2022 biennium at
www.milwaukieoregon.gov/finance/budgets.
FINANCIAL POLICIES
The City of Milwaukie prepared a 5-year
financial forecast prior to the development
of the budget. The 5-year model takes into
account projected increases and decreases in
revenues and expenditures. This information
is shared during budget deliberations.
Financial forecasts are key to strategizing,
studying different financial outcomes,
modeling demographic trends, anticipating
changes in revenue streams, and forecasting
utility rates.
FINANCIAL PLANNING
11CITY OF MILWAUKIE
Note: The budgeted data presented is projected data which may differ significantly from the Generally Accepted
Accounting Principles derived data in the Annual Comprehensive Financial Report.
The Budget Committee unanimously approved the 2021-
2022 Biennial Budget, which was then adopted by City
Council on June 16, 2020. Since the adoption of the budget,
there has been two transfers and one supplemental budget.
A transfer does not require a public hearing, whereas a
supplemental does because it is adjusting appropriations
by more than 10% of the original adoption. The 2021-
2022 supplemental was related to an increase in contractual
services for the building fund due to an increase in building
permit activity. A supplemental budget transfer was adopted
to create the City Hall Fund and transfer appropriations
for the purchase. Prior biennial budgets were unanimously
approved by the Budget Committee and subsequently
adopted by City Council. Each biennium budget had at
least two supplemental budgets that were presented to
the budget committee prior to adoption by City Council.
Those supplementals are typically due to staffing changes or
increases related to capital expenditures. To best illustrate
trends, below are the fiscal year budget amounts for the most
recently adopted budget, including supplemental budgets,
along with comparative fiscal years.
FISCAL YEAR
2021
FISCAL YEAR
2020
FISCAL YEAR
2019
FISCAL YEAR
2018
Personnel Services $20,019,000 $19,703,000 $18,185,000 $16,907,000
Materials & Services 14,102,000 13,589,000 13,370,000 12,429,000
Debt Service 3,985,000 3,344,000 2,748,000 930,000
Transfers 7,868,000 7,820,000 6,674,000 5,220,000
Annual Operating Budget 45,974,000 44,456,000 40,977,000 35,486,000
Capital Outlay 18,639,000 24,547,000 27,857,000 20,477,000
Reserves 9,549,000 13,483,000 25,876,000 12,051,000
TOTAL CITY BUDGET $74,162,000 $82,486,000 $94,710,000 $68,014,000
BUDGET OVERVIEW
FINANCIAL PLAN
12 PEOPLE’S ANNUAL FINANCIAL REPORT 2021
The City of Milwaukie budgets at the “fund” level. The city maintains nine distinct funds to account for governmental
services. A fund is a fiscal and accounting entity with self-balancing accounts to record cash and other financial resources,
related liabilities, and balances and changes, which are segregated for specific activities and objectives.
MAJOR REVENUE TYPES
Fees & Charges (41%)
Charges for water, wastewater, stormwater, and street
maintenance are charged to all users in Milwaukie. The fees for
water, sewer, wastewater, stormwater, and street maintenance
are established through the City fees and charges resolution;
this resolution is updated each year. City Council approves
utility rates based on costs to provide services.
Property Taxes (20%)
Milwaukie’s permanent tax rate is applied to the projected
taxable assessed value of property to generate revenues
to support core city operations. The city assumes a 94%
collection rate for property tax revenue, so the budgeted total
amount of property taxes is approximately 94% of the total
calculated property tax revenue. Taxable assessed values of
existing property are limited to an increase of three percent
per year; value added to a community via new construction
increases the assessed value more than the three percent
growth rate limited by Measure 50.
The city passed Ordinance No. 1958 in February 2008
following the annexation Ballot Measure 3-166 where
the voters authorized the annexation of fire services into
Clackamas Fire District No. 1 (CFD). This ordinance
reduces the city’s permanent tax rate of $6.5379 per $1,000
of assessed value by the permanent rate of the Fire District,
equating to $2.4012 offset by its annual bonded debt rate
until then existing bonds were paid off in fiscal year 2014-15.
Accordingly, the actual property tax rate levied by the city is
its permanent tax rate of $6.5379 less CFD’s permanent rate
of $2.4012 or $4.1367.
Transfers from Other Funds (16%)
Transfers from other funds occur when revenues are
transferred between funds; revenue is received by a fund
providing an internal service from a fund receiving the
service, where the cost of the service is shown as an expense.
All city services that receive reimbursement charge revenue
are consolidated into the General Fund. The amount that
other funds are charged for reimbursement costs is based on
WHERE THE CITY’S MONEY COMES FROM
Fee & Charges
Property Taxes
Transfers from Other Funds
Intergovernmental
Franchise Fees
Fines & Forfeitures
Miscellaneous
0%5%10%15%20%25%30%35%40%PERCENT
13CITY OF MILWAUKIE
TYPE BUDGET
(in thousands)%
Fees & Charges $ 20,584 41%
Intergovernmental 5,879 12%
Property Taxes 9,886 20%
Transfers from Other Funds 7,868 16%
Franchise Fees 3,471 7%
Fines & Forfeitures 885 2%
Miscellaneous 1,153 2%
TOTAL $ 49,726 100%
individual metrics identified for each city service. The city
calculates inter-fund reimbursement charges when services
are provided to another fund. The cost of these services is
based on a cost allocation methodology, which assumes
that the services provided have value, and that value is
shown as a reimbursement amount.
Intergovernmental (12%)
State revenues are distributed to cities based on state
statute, which defines formulas incorporating population
and per capita income. The League of Oregon Cities
provides the source data for State Revenue Sharing
projections. Pursuant to ORS 221.770, the City of
Milwaukie must elect to receive its proportionate share of
the revenues to be apportioned to the cities by the State of
Oregon for the fiscal year. Further, ORS 221.760 provides
that cities located in a county having more than 100,000
inhabitants, according to the most recent federal decennial
census, can disburse state shared revenue funds only if
the city provides four or more of the following services:
police protection; fire protection; street construction,
maintenance, and lighting; sanitary sewer; storm sewers;
planning, zoning, and subdivision control; one or more
utility services.
Franchise Fees (7%)
The city receives franchise fees for the use of public rights
of way within Milwaukie for utility, solid waste and
recycling collection, and similar services. Fees are paid for
the right to this access.
Fines & Forfeitures (2%)
Proceeds from fines and forfeitures are collected from
traffic, parking and other city-issued citations.
Miscellaneous (2%)
This revenue includes investment interest, recovery of prior
period expenses and the sale of assets.
WHERE THE CITY’S MONEY COMES FROM
MAJOR REVENUE TYPES BREAKDOWN
14 PEOPLE’S ANNUAL FINANCIAL REPORT 2021
NCPRD
Other
Fire District
Clackamas County
City of Milwaukie
Education
46%
2%3%
11%
16%
22%
* Source: Clackamas County Rate Book
Milwaukie Property Tax Dollars
Clackamas County assesses property taxes on
behalf of the county, schools, special districts,
and the City of Milwaukie on a consolidated
property tax bill. Of this tax bill, 22% of the
total* is allocated to the City of Milwaukie.
Of every dollar paid, $0.22 goes to the city.
For a complete breakdown of how property
taxes are distributed throughout the county,
review the pie chart to the right.
WHERE YOUR TAXES GO
TOTAL ACTUAL EXPENDITURES BY FUND (in thousands)
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Chart Title
Transportation Fund Wastewater Stormwater Water Library Debt Service SDC Building Fund City Hall Fund
FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21
$40,000
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0
Transportation Fund Wasterwater Stormwater Water Library Fund
Debt Service SDCs Building Fund City Hall Fund
15CITY OF MILWAUKIE
The City of Milwaukie plans for expenditures using several
short and long-range planning tools. Five-year financial
forecasts, prior to the development of the budget, guide
short-term spending. The five-year forecasting model
anticipates projected increases and decreases in revenues and
expenditures. Forty five percent of total expenditures are
represented by Personnel Services and Materials & Services.
These requirements relate to the people who provide city
services and the materials they need to complete their job
requirements. Citywide, budgeted requirements are expected
to increase for inflation going forward.
Personnel Services (31.0%)
Citywide, personnel services requirements increased in the
2021-2022 biennium due primarily to the addition of full-
time equivalent positions and increasing benefit costs.
Capital Outlay (28.8%)
The Capital Outlay requirements decreased from prior year
due to timing and planning of infrastructure projects over the
2021-2022 biennium.
Materials & Services (21.8%)
Citywide, Materials & Services requirements stayed flat year
over year. The 2021-2022 biennium amounts are identified
using an inflationary cost increase from the prior biennium.
Debt Service (6.2%)
Biennial debt service requirements are based on known
obligations of the city.
Transfers to Other Funds (12.2%)
Transfers represent transfers to account for the support
services costs of General Fund departments.
HOW THE CITY SPENDS MONEY
TOTAL BUDGETED EXPENDITURES FOR FY21 (in thousands)
0
5,000
10,000
15,000
20,000
25,000
Personnel Service Capital Outlay Materials & Services Debt Service Transfers to Other Funds
Column1
Personnel Service Capital Outlay Materials & Services Debt Service Transfers to Other Funds
Personnel Service Capital Outlay Materials & Services Debt Service Transfers to Other Funds
$25,000
$20,000
$15,000
$10,000
$5,000
$0
16 PEOPLE’S ANNUAL FINANCIAL REPORT 2021
GENERAL FUND EXPENDITURES BY DEPARTMENT
0 5 10 15 20 25 30 35 40
Public Access Studio
City Attorney
City Council
Code Enforcement
Municipal Court
Human Resources
Records & Information Mgmt.
Fleet Services
Community Development
Planning
Public Works Admin
City Manager
Non-Departmental
Facilities Management
Finance
Information Technology
Engineering
Police Field ServicesPolice Field Services
Engineering
Information Technology
Finance
Facilities Management
Non-Departmental
City Manager
Public Works Admin.
Planning
Community Development
Fleet Services
Records & Information Mgmt.
Human Resources
Municipal Court
Code Enforcement
City Council
City Attorney
0%5%10%15%20%25%30%35%40%PERCENT
ALL CITY EXPENDITURES
0 5 10 15 20 25 30 35
MRC Fund
Affordable Housing Fund
SDC
Building Inspections Fund
City Hall Fund
Debt Service
Water Fund
Stormwater Fund
Wastewater Fund
Library Fund
Transportation FundTransportation Fund
Library Fund
Wastewater Fund
Stormwater Fund
Water Fund
Debt Service
City Hall Fund
Building Fund
SDC
Affordable Housing Fund
MRC Fund
PERCENT 0%5%10%15%20%25%30%
FY 21 Actual $18,811,470FY 20 Actual $18,232,000
FY 21 Actual $32,970,000FY 20 Actual $43,363,000
17CITY OF MILWAUKIE
Business-type Activities
Activities financed in whole or in part by fees charged
to external parties for goods or services.
Capital Assets
Land, improvements to land, easements, buildings,
building improvements, vehicles, machinery, equipment,
works of art and historical treasures, infrastructure and
all other tangible or intangible assets that are used in
operations, that have initial useful lives extending beyond
one year with an initial cost of more than $10,000.
Capital Grant
Grant received to support acquisition of capital assets.
Charges for Services
Includes a wide variety of fees charged for services
provided to the public and other agencies.
Deferred Inflows of Resources
Refers to an acquisition of an asset that is applicable to a
future reporting period.
Deferred Outflows of Resources
Refers to a consumption of an asset that is applicable to
a future reporting period.
Fund Balance
The net ending balance of a fund’s financial resources
that are spendable or available for appropriation.
Governmental Activities
Activities generally financed through taxes,
intergovernmental revenues, and other nonexchange
revenues.
Governmental Funds
Funds generally used to account for tax-supported
activities. There are five different types of
governmental funds: the general fund, special revenue
funds, debt service funds, capital projects funds, and
permanent funds.
Net Investment in Capital Assets
Component of net position consisting of capital
assets, net of accumulated depreciation, reduced by the
outstanding balances of borrowings attributable to the
acquisition, construction or improvement of those assets.
Operating Grant
Grant received to support operations.
Restricted Net Position
Component of net position calculated by reducing the
carrying value of restricted assets by amounts repayable
from those assets, excluding capital-related debt.
Unrestricted Net Position
The portion of net position that is neither restricted nor
invested in capital assets.
GLOSSARY
FINANCE DEPARTMENT
Finance Director Bonnie Dennis, MBA • DennisB@milwaukieoregon.gov
Assistant Finance Director Keith McClung, CPA • McClungK@milwaukieoregon.gov
10722 SE Main St., Milwaukie, OR 97222 • 503.786.7555 • www.milwaukieoregon.gov/finance
CITY OF MILWAUKIE