HomeMy WebLinkAboutCity of Irving - Public Financial ReportAnnual ReportAnnual Report
POPULAR ANNUAL FINANCIAL REPORTFiscal Year Ended September 30, 2021
2020-21
FISCAL YEAR
City of Irving, Texas
MESSAGE FROM
THE MAYOR
From the world-renowned Williams Square Plaza
Mustangs in Las Colinas’ “Headquarters of
Headquarters” to award-winning exotic cuisine,
live entertainment, arts and culture – Irving, Texas,
sets the bar with premier accessibility, service
delivery and inclusive amenities. Located in the
Dallas-Fort Worth (DFW) Metroplex adjacent to the DFW International Airport,
Irving balances a residential, neighborhood feel with a thriving, urban community
filled with unique shopping, fun things to do and great food.
The 2020 U.S. Census reaffirmed the city’s greatest asset: Irving is a multinational
and multicultural melting pot. The population grew 18.6% over the past 10 years and is projected to top 304,680 by 2030. Irving is also home
to one of the oldest black freedmen's settlements in Dallas County (Bear Creek
Community) and boasts a diverse Hispanic/Latin American population of 41%
Hispanic (2020 U.S. Census).
The multicultural layers across the city are one of Irving’s greatest features, and the
diverse tapestry also supports a mixture of unique shopping, dining and cultural
experiences in Irving.
Thank you for Reading the City of Irving – Popular Annual Financial Report (PAFR)
Last year, the city’s inaugural PAFR
won the Government Finance Officers Association
(GFOA) Award of Excellence.
The City of Irving’s annual report provides a
community profile, accomplishments and activities
overview, as well as high-level, easy-to-read
budgetary, financial and trend data.
I hope you enjoy learning more about our fantastic city!
Richard H. Stopfer
Mayor
Mayor Richard H. Stopfer
CONTENTS
City Council, Governance 1
About Irving, City Manager Message 2
History, City Profile, Demographics 3
Access, Amenities, Lifestyle, Vibrant Economy 4
A Look Ahead, A Look Back 5
Financial Highlights 6-11
Glossary of Terms 11
Accomplishments, Awards 12
Stay Informed, Social Media 13
Irving City Council
The City of Irving is governed by a council-manager form
of government where the City Council sets city policy
and the City Manager is responsible for implementing
that policy and managing city operations.
The council consists of a mayor and eight council
members who are elected for three-year terms. Elected
officials are under a mixed system, which includes three
at-large districts (Mayor, place 2 and 8), and six single-
member districts (places 1, 3, 4, 5, 6 and 7).
EMAIL Mayor and City Council members
ccouncil@cityofirving.org
COUNCIL MEETINGS
Irving City Council meetings are held on designated
Thursdays at 7 p.m. in the Council Chambers at Irving
City Hall, 825 W. Irving Blvd.
Work Sessions are held prior to council meetings and
begin at various times depending on the agenda. Work
Sessions are open to the public in the first floor Council
Conference Room at Irving City Hall, 825 W. Irving Blvd.
Check specific meeting agendas to confirm start times.
Left to Right: Kyle Taylor, Dennis Webb, John C. Danish,
Al Zapanta, Mark Zeske, J. Oscar Ward, Allan E. Meagher,
Phil Riddle, Mayor Richard H. Stopfer
Visit CityofIrving.org/Agendas for meeting
dates, agendas and instructions for speaking at
council meetings.
Meetings are streamed live at ICTN.tv and on local
cable channels. On-demand meeting archives are
available at CityofIrving.org/ICTN-on-Demand
or ICTN.tv.
Founded in 1903 and Incorporated in 1914
2,246 Full-Time-Equivalent City Employees
The City of Irving is Governed by an
At-Large Mayor, Six Single-District
Council Members and Two At-Large
District Council Members
21 Appointed Boards, Commissions and
Committees with Almost 200 Irving Residents
Serving Various Volunteer Functions
Irving is in the Heart of North
Texas and Home to One of the
Most Diverse Zip Codes in
the Nation – 75038
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Governance
Irving, TX
MESSAGE
FROM
THE CITY
MANAGER
Moving the City of Irving forward requires balancing strategic
financial planning with community needs and expectations.
From an annual budget standpoint, funding priorities
must be refined and distributed so that city resources are
maximized across 67.9 square miles to more than 256,000
residents and 10,000-plus businesses. Establishing the
budget each year is the city’s highest priority and provides a
roadmap for the projects and work plans for the year ahead.
By the Numbers
The City of Irving manages 80 facilities totaling 1.2
million square feet, 80 parks totaling almost 2,000
acres, 32 miles of trails, 7,000+ amenities, 730
miles of water infrastructure, 670 miles of sewer
pipes and 2,940 lane miles of roads, streets and striping.
Future in Focus Strategy
The city's 5-year operational
strategic plan is called our Future
in Focus. Each city department
presented Future in Focus
presentations to City Council in
2021. The presentations provided
an in-depth overview of each department and five-year plans
for projects, services, programs and staffing. As a result of
the exercise, Future in Focus will serve as the city’s
operational strategic plan framework for all services,
starting with Fiscal Year 2021-22. This plan works in tandem
with the city's 5-year capital plans such as Road to the Future
and Drainage Solutions for a Better Tomorrow.
Chris Hillman
City Manager
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The financial data highlighted in the Popular Annual Financial Report (PAFR) is designed to provide a
summary view of the city’s financial activities for Fiscal
Year 2020-21 (FY21). Information included in this report
can be found in greater detail in the FY21 Annual Comprehensive Financial Report (ACFR) located at CityofIrving.org/ACFR
or contact the Finance
Department by mail at
825 W. Irving Blvd., Irving,
TX 75060 or by phone
at (972) 721-2401. The
Financial Report was
prepared in accordance
with Generally Accepted
Accounting Principles
(GAAP) and was audited
by independent certified public
accounting firm Weaver and Tidwell, L.L.P.
2020-21
City of Irving, Texas
Annual Comprehensive
Financial Report
for the Fiscal Year ended
September 30, 2021
FISCAL YEAR
ABOUT IRVING
Our Vision
Irving will be the model for safe and beautiful
neighborhoods, a vibrant economy and exceptional
recreational, cultural and educational opportunities.
Our Mission
Deliver exceptional services and promote a high
quality of life for residents, visitors and businesses.
Value Statements
We have PRIDE in all that we do. We are:
Professional in our interactions with the
community, our customers and each other.
Resilient means we never give up in our quest for
service excellence.
Innovative by always seeking out better ways to
achieve our goals.
Dependable in our actions and desire to see our
work through completion.
Ethical through commitment to always do right for
our city, residents and coworkers.
Chris Hillman
Irving: An Exceptional Community
Nestled between Dallas and Fort Worth, Irving is the model of
an urban area that offers big city amenities with a suburban
feel. Appealing to residents, businesses and visitors, the city
maintains some of the lowest taxes, fees and water rates in
North Texas, and Irving has been recognized for its high-quality
parks, golf courses and dining options.
Downtown Irving is part of the larger Irving Heritage District,
which includes unique areas that make up the heart of Irving.
The tapestry of land uses comprise some of
Irving’s most historic and picturesque areas,
such as Centennial Park, Heritage Park and
Main Street Plaza. Several city facilities are
located within walking distance of downtown
Demographics
History of Irving
Settlers came to the area that is now Irving in the 1850s, and communities
such as Sowers, Kit, Shady Grove, Union Bower, Finley, Estelle and Bear
Creek sprang up in the last half of the 19th century. The new town of Irving,
founded in 1903 by J.O. Schulze and Otis Brown, eventually included most
of these settlements. Irving was officially incorporated April 14, 1914.
Schulze and Brown, who were employed by the Chicago, Rock Island & Gulf
Railway, arrived in 1902 to survey a railroad route between Fort Worth
and Dallas. Having decided that this area would be an ideal town site,
they bought 80 acres from the Britain family in 1902. The co-founders sold
the first town lots at a public auction on Dec. 19, 1903. The post office at
nearby Kit was moved to Irving in 1904.
67.9
Area in Square Miles
RACE BREAKDOWN
21.0%White
12.4%Black
22.3%Asian
41.1%
Hispanic,Any Race
3.2%Other, NH
(2020 Census)
$72,951
Median FamilyIncome
(2019 ACS)
256,684Population
(2020 Census)32Median Age
(2019 ACS)
40.8%Bachelor’s Degree or Higher
(2019 ACS)
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Irving, including the Civic Center Complex (City Hall), the Jack D.
Huffman Community Building (Irving Archives and Museum),
South Irving Library and the Heritage Senior Center.
Irving’s Las Colinas is home to the largest office park in North
Texas. With more than 26 million square feet of office space,
221 buildings and 7,500 tenants, Irving is a corporate powerhouse.
More than 10% of Fortune 500 companies are located here,
including eight corporate headquarters. Significant nonprofit
operations also call Irving home, including Big Brothers Big Sisters,
Boy Scouts of America and Mothers Against Drunk Driving.
Centrally located in the region, state, nation and world, Irving
serves as an integral global transportation hub. Residents and
businesses enjoy easy access to national and international air
travel, regional and national highways, and regional public transit.
CITY PROFILE
Vibrant Economy
8 FORTUNE 500 HEADQUARTERS
Exxon Mobil McKesson
Kimberly-Clark Fluor
Vistra Energy Pioneer Natural Resources
Celanese Commercial Metals
4 FORTUNE 1,000 HEADQUARTERS
Michaels Nexstar Media Group
Flowserve Darling Ingredients
ECONOMIC INCENTIVE AGREEMENTS
Created 377 New Jobs
Retained 1,703 Current Jobs
699,000 Square Feet of New/Retained Commercial Space
$177.3 Million in New Annual Taxable Sales Sourced
to the City
Combined $11.0 Million in Net New Taxable Value on
Real Property and Business Personal Property
Assisted with More Than 12 Real Estate Transactions and
Economic Incentive Agreements
By the Numbers
253,533 Jobs in Irving
$717.6 Million in Construction Valuation
12,761 Permits Issued
5,310 High Wage Jobs Added and Retained
80.8% Office Occupancy Rate
94.0 Million Sq. Ft. Commercial Space Occupied
TOP 10 PRIVATE EMPLOYERS
Citi 6,688 Vistra Energy 5,400
Verizon Communications 3,260 Microsoft Corporation 2,858
Accenture 2,235 Irving Mall 2,100
Christus Health 2,000 YRC Freight 1,941
DFW International Airport 1,700 Michaels Corporation 1,358
Access Amenities Lifestyle
Home of DFW International Airport and
Adjacent to Dallas Love Field Airport
Trinity Railway Express (TRE) with Two
Stations in Irving Connecting Passengers to
Destinations Throughout Dallas and Tarrant Counties
Dallas Area Rapid Transit (DART) Commuter Rail Line and Local Buses
The DART Orange Line has Six Stops in Irving,
connecting to both Airports
Four 18-hole Championship Golf Courses
More than 80 Parks, 32 Miles of Trails, Four Libraries
and a Newly Remodeled Municipal Golf Course
Smithsonian-Affiliated Arts Center, Four
Museums, Three Symphonies and Award-Winning
Theater Productions
Home of Toyota Music Factory, an Entertainment
and Restaurant Complex featuring the 8,000- person capacity The Pavilion at Toyota Music
Factory and Texas Lottery® Plaza
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New Investments $214.1 Million Number of Businesses10,000+Daytime Population328,045
5
A Look Back
Completed $11.8 million in parks projects including Levy
Event Plaza, Georgia Farrow Recreation Center expansion,
Sam Houston Trail Park renovation, Rock Island Bike and
Pedestrian Trail and Delaware Creek Trail Connector.
Voters passed a $563 million bond
package to fund projects that include
street improvements, updates to aging
infrastructure, land for parks and new
public safety facilities.
INTERCHANGE CONNECTOR PROJECT
Texas Department of Transportation’s $301 million
Irving Interchange project began in late 2020 and is
anticipated for completion in mid-2023.
A LOOK AHEAD
HIGH PROFILE EVENTS
Professional golfers and 50 celebrity players are
coming to Irving for the inaugural ClubCorp Classic
at the Las Colinas Country Club April 19-24, 2022.
The Irving Convention Center at Las Colinas
welcomes A-Kon, an annual four-day convention
held June 3-5, 2022. North America’s longest
running convention primarily focused on anime.
The Professional Triathletes Organization (PTO)
is bringing the 2022 PTO U.S. Open to Irving
Sept. 17-18, 2022.
HERITAGE PARK
Celebrated the grand opening of Heritage Park in
December 2021 with Holidays at Heritage.
BONDIRVING 2021
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WINTER • Q1 2022
SH 183/ SH 114/ SL 12/ SP 482
(IRVING INTERCHANGE)
PROJECT FACT SHEET
SH 183/SH 114/SL 12/SP 482 (IRVING INTERCHANGE) • PROJECT FACT SHEET
TEXAS DEPARTMENT OF TRANSPORTATION
TxDOT graphic by DEAN HOLLINGSWORTH/Information SpecialistSOURCE: Texas Department of Transportation.
MATERIALS THAT WILL BE USED:
*Map shown for purposes of scale.
35E183183
183
114 12
482
121 mile
IRVING DALLASDALLASIRVING
= 4.6 MILES
= 4.8 MILES
32 BRIDGES will be constructed including:
170,000 LINEAR FEET of concrete bridge beams.
(That equals 32.2 MILES)
200,000 CUBIC YARDS of concrete
700+ drilled shafts foundations
90,000 TONS of hot mix asphalt
500+ columns will be built as part of this project
2.8 MILLION POUNDS of steel plate beams
41 retaining walls will be constructed
1.2 MILLION SQUARE FEET of reinforced concrete slab 10 DIRECT CONNECTORS
between Loop 12, SH 183,
SH 114 and Spur 482.
22 OVERPASS
BRIDGES along Loop 12,
SH 183, SH 114 and
Spur 482.
261,000 SQ FT of
concrete will be used,
which is about 4.5
TIMES as big as the
area of an American
football eld:
4.6 MILES of roadway and
4.8 MILES of bridge will be
built as part of this project.*
PROJECT OVERVIEW
The project will include the reconstruction of
interchanges at SH 183, SH 114, Loop 12
and Spur 482. Loop 12 will be completely
reconstructed and widened from six to
eight lanes for a length of 1.2 miles that
begins on the south end of Union Bower
Road to the north of Texas Plaza Drive. The
project will also include the widening of
SH 114 from Loop 12 to SH 183 and Spur
482 with direct connectors. Spur 482 will
be reconstructed from west of Century
Center Boulevard to the interchange and
will tie into SH 183 with direct connectors.
The overall length of the project is about
9.6 miles including bridges and direct
connectors.
Phase 1 of the Irving Interchange was
completed in 2013 which reconstructed
the interchanges at SH 114 and Loop 12.
The SH 183 Midtown Express design-build
project also recently completed interim
improvements in the area.
The Irving Interchange project will
construct the ultimate phase of the
interchanges at SH 183, Loop 12, SH 114,
and Spur 482.
PROJECT DETAILS
CSJ’s: 0581-02-124, 0094-03-060
Loop 12: Texas Plaza Dr. to Union Bower
Rd. (1.2 mi.)
SH 114: Loop 12 to SH 183 (1 mi.)
Spur 482: W of Century Center Blvd. to
SH183 (1 mi.)
SH 183: E of Carl Rd. to Grauwyler Rd.
(1.8 mi.)
Project Cost: $301 million
Construction Begin: Late 2020
Est. Construction Completion: mid-2023
PROJECT STATUS
Project is at ~42% completion, ~31%
elapsed time.
New on-ramp on northbound Loop 12
frontage road just north of Union Bower
has been completed and opened for
traffic.
11 retaining walls have been completed
along Loop 12, SH 183, SH 114 and
Spur 482.
Roadway work such as asphalt concrete
pavement and subgrade preparation
continue along Loop 12, SH 183 and
SH 114.
Several substructures for bridges over
Loop 12, SH 183 and Spur 482 including
direct connectors are currently under
construction.
Drainage culverts and pipes along SH 114
and Spur 482 are under construction.
City of Irving utility work 99% is completed.
FOR A DETAIL MAP OF THE IRVING INTERCHANGE: SEE PAGE 2 »
Financial Highlights
STATEMENT OF ACTIVITIES
(Changes in Net Position)
Irving’s fiscal year (FY) runs Oct. 1 to Sept. 30. The city’s
statement of activities for fiscal years ending Sept. 30, 2019-
2021 are shown in the chart below.
ACTIVITIES/CHANGES IN NET POSITION
(in Thousands)2021 2020 2019
Revenues $496,730 $465,446 $482,086
Less: Expenses $418,767 $427,556 $490,862
Increase (Decrease)
in Net Position $77,963 $37,890 ($8,776)
Net Position, Beginning
of Year
$1,006,826 $968,936 $977,712
Net Position, End of Year $1,084,789 $1,006,826 $968,936
Over time, increases or decreases in the city’s net
position may be an indication of whether the financial
situation of the city is improving or deteriorating.
The City of Irving’s overall net positionincreased 8% or $78 Million
from the prior fiscal year. The three components
of net position are:
NET INVESTMENT IN CAPITAL ASSETS
The most significant portion
of net position ($940.4 Million)
is invested in capital assets. Irving
uses these capital assets to provide
a variety of public goods and
services to its residents. For that
reason, these assets are not available
for future spending. Irving’s investment
in capital assets is reported net of
related debt.
RESTRICTED NET POSITION
This portion of net position
($79.7 Million)
is restricted, representing
funds that are limited to
construction activities, payment
of debt or specific programs by law.
UNRESTRICTED NET POSITION
The remaining portion of
net position ($64.7 Million)
is unrestricted, representing
resources that are available for
services.
$1,084,788,736
FY 2020-21 Net Position
GENERAL FUND BALANCE
General Fund balance represents city reserves and amounts
nonspendable, committed assigned or unassigned for special
purposes. These are shown below for the fiscal years ending
Sept. 30, 2019-2021 in the chart below:
(in Thousands)2021 2020 2019
Nonspendable $20 $10 $182
Committed $100 $100 $3,224*
Assigned $72 $71 $3,756*
Unassigned $101,506 $83,065 $71,942
$101,698 $83,246 $79,104
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87%
7%
6%
As of Sept. 30, 2021,
THE FUND BALANCE OF
THE GENERAL FUND WAS $101.7 Million
Aaa/AAA Municipal Bond Rating
FROM MOODY’S AND S&P GLOBAL
Capital Assets
Restricted
Unrestricted
* In FY20 the city created the Economic Developement Incentive Fund
where substantially all of these balances are now reported.
PROPERTY TAX
The largest share of property tax collected goes to one of three
Independent School Districts (ISD) serving Irving residents:
Irving ISD, Carrollton-Farmers Branch ISD or Coppell ISD.
Other taxing authorities include the city, Dallas County, School
Equalizations, Parkland Hospital and the Dallas County
Community College.
FY21 Total Property Tax Bill Breakdown
* The average Irving homeowner will pay $997.18 per year, or $2.73 per day in city property taxes
Based on Average Single-Family Taxable* Home Value of
$209,809 with a 20% Homestead Exemption
PROPERTY TAX RATE DISTRIBUTION
City Property Tax Rate Remains Constant for the
Seventh Consecutive Year at $0.5941/$100 Valuation
2021 2020 2019
Maintenance and Operation 0.4741 0.4741 0.4741
Debt Service 0.1200 0.1200 0.1200
0.5941 0.5941 0.5941
The Average Taxable Value
for an Irving Home is $220,694 with an
Average Market Value
of $281,434
RESERVE REQUIREMENTS
City Reserves
The city has a Minimum Fund Balance Policy to target a
minimum General Fund balance for operations that is 30% of annual revenues. This financial policy ensures an adequate
fund balance in operating funds to maintain liquidity, as well
as provide the city with capital in the event of unexpected
financial impacts, such as economic downturns
and natural disasters. As of Sept. 30, 2021,
the city has a general fund reserve rate of 40.3%.40%
Financial Highlights
53%School Districts in Irving Average
Tax Rate$1.2799
Annual Total$2,365.43
25%Dallas County Entities
Tax Rate$0.6398
Annual Total$1,073.95
22%City of Irving
Tax Rate$0.5941
Annual Total$997.18
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The City’s Debt Service Reserve Balance was $16.5 Million
According to the Dallas Central Appraisal District (DCAD), the
Total Estimated Taxable Value of all Property in Irving for the
2021 Tax Year is $31,371,495,332, an Increase of $2,988,021,755
New Commercial and Residential Construction added $544.6 Million in Taxable Value
New Commercial Construction
Increased by 47 Properties with an
Average Value of $7.3 Million
8
Financial Highlights
SALES TAX REVENUES
Sales tax revenues are the second largest source of funding
for governmental fund revenues. For the prior three years
the city collected:
(in Thousands)
2021 2020 2019
$82,068 $76,774 $76,735
FY21 SALES TAX ALLOCATION
$677.1 Million in Sales Tax Revenues were Collected in
Irving for FY21, 76% of which goes to the State of Texas
Total Sales Tax Rate 8.25%
State of Texas
$512.9 M6.25%
Irving
$82.1 M
DART
$82.1 M1%1%
Retail Trade
Wholesale Trade
Information
Manufacturing
Utilities
Accommodation and Food Services
Professional, Scientific and Technical Services
Other Foundation, Structure and Building
Exterior Contractors
Administrative/Support, Waste Management
and Remediation Services
Real Estate and Rental and Leasing
$22,566,039
$10,593,730
$8,837,073
$6,310,020
$6,273,518
$5,826,499
$5,558,468
$4,533,457
$3,398,628
$2,554,412
TOP 10 SALES TAX CATEGORIES
TAXABLE VALUES
Irving City Council Adopted a Balanced $687.9 Million Operating Budget, which Includes the General Fund
and Several Dedicated Funds
GENERAL FUND FINANCIAL TREND SUMMARY
(in Thousands)
REVENUES 2021 2020 2019
Taxes $214,366 $200,519 $207,116
Fees, License, Permits
and Inspections $15,269 $11,440
$10,688
Fines, Forfeitures and
Penalties
$2,804 $4,000 $5,165
Charges for Services $3,604 $2,969 $512
Intergovernmental $14,147 $7,672 $6,857
Investment Income $163 $1,473 $2,183
Miscellaneous $1,727 $2,293 $8,103
$252,080 $230,366 $240,624
(in Thousands)
EXPENDITURES 2021 2020 2019
General Government $48,940 $46,543 $46,131
Police $71,897 $69,434 $66,291
Fire $52,878 $49,889 $48,524
Public Safety Wellness Unit $4*--
Parks and Recreation $15,991 $15,622 $17,778
Municipal Court $2,931 $2,907 $3,002
Library $6,874 $7,095 $6,971
Community Development $6,645** $6,138** $17,888
Public Works $23,187 $20,685 $19,990
$229,347 $218,313 $226,575
*Department created during FY21
** Approximately $11.5 million related to one-time incentive payments in
FY19 to Toyota Music Factory located businesses that were nonrecurring
in future years.
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The General Fund accounts
for 34% of all funds combined66% Dedicated Funds
17% Water and Sewer System Funds
14% Capital Improvement Funds
12% Debt Service Funds
11% Special Revenue Funds
12% Other Funds Include Internal Services,
Grants, Solid Waste Services, Hotel/Motel
Tax and Municipal Drainage Utility
Financial Highlights The General Fund is the city’s main operating fund
used to account for day-to-day operations except
those required to be reported in other funds. The
majority of city departments and personnel are
budgeted in this fund. References herein to General
Fund budget excludes funds aggregated with
the General Fund as reported in the Annual
Comprehensive Financial Report.
FY21 GENERAL FUND $233 Million Budget$258 Million Actual
The majority of General Fund revenues are
generated from tax revenues. These primarily
comprise of property taxes and sales taxes at city
rates of $0.5941 per $100 valuation and 1% of
taxable sales, respectively.
The increase in tax revenue from FY20 to FY21 resulted primarily from an increase of $9.8 million in property tax and $4.1 million in sales tax.
Expenditures increased from $218.3 million in FY20
to $229.3 million in FY21 resulting from reopening
of city facilities and filling vacant positions that were
previously closed or left vacant during FY20 due to
the economic and health-related impacts caused by
COVID-19.
34%
Financial Highlights
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FY21 Revenues
85.0%
Taxes
FY21 Expenditures
21.3%General Government
23.1%
Parks &Recreation
31.3%
Police
1.3% Municipal Court
2.9% Community Development 10.1%
7.0%
Public Works
FY21 GENERAL FUND EXPENDITURES
HOW IS THE CITY’S GENERAL FUND ALLOCATED?
The city’s total budget for FY21 was $687.9 Million. The General Fund is approximately $237.1 Million or approximately 34%
of the total budget. Property tax and sales tax collections represent the largest sources of revenue for the General Fund. When combined
with Franchise Fee revenue, tax collections comprise 85% of total General Fund revenues.
Fire
3.0% Library
6.1% Fees, License, Permitsand Inspections
1.1% Fines, Forfeituresand Penalties
1.4% Charges for Services
5.6% Intergovernmental
0.1% Investment Income
0.7% Miscellaneous
Public Works
Community Development
Library
Municipal Court
Parks and Recreation
Public Safety Wellness Unit*
Fire
Police
General Government
Budget vs. Actuals
$- $20,000 $40,000 $60,000 $80,000(in Thousands)
Budget Actuals
of Total General Fund Revenue Goes Toward Funding
Police, Fire and Emergency Medical Services
49%
*Department created during FY21
Assigned funds: Amounts set-aside by the city for specific purposes that are not restricted or committed.
Committed fund balance: Amounts that can only be used for a specific purpose by formal action from City Council.
Dedicated funds: Amounts set-aside for a specific purpose.
Deferred outflows of resources: Amounts pending recognition as expenses in future periods.
Deferred inflows of resources: Amounts pending recognition as revenues in future periods.
Franchise fees: Charges to utility companies for the use of public rights-of-way.
General fund: The main operating fund for the city.
Intergovernmental: Revenue recognized from grant awards and reimbursement of operating costs by other funds.
Net investment in capital assets: Capital assets, net of accumulated depreciation, reduced by outstanding capital related debt.
Net position: The net position of the city is equal to city assets and deferred outflows reduced by liabilities and deferred inflows.
Nonspendable funds: Fund balance representing assets not in a spendable form (i.e., inventory).
Reserves: Amounts of fund balance that are not available for appropriation or are set-aside for a specific future use.
Restricted fund balance: Amounts that can only be used for a specific purpose set by external entities.
Restricted net position: Restricted assets reduced by liabilities and deferred inflows of resources related to those assets.
Unassigned fund balance: Remaining amount that has not been assigned to other funds or been restricted, committed or assigned to specific purposes.
Unrestricted net position: Remaining net position not included in net investment in capital assets or restricted net position.
CAPITAL ASSETS
Capital assets represent a significant portion of the city’s
financial position and represent a long-term asset used in
delivering services and providing for resident needs.
Major Capital Asset Additions
During FY21 Include (in Millions)
Southwest Interceptors $8.6 M
Fire Station No. 4 $4.4 M
Rock Island Road Bike and
Pedestrian Facility $3.7 M
Georgia Farrow Renovations $3.2 M
Levy Event Plaza $3.2 M
DEBT
Long-term debt represents borrowings used to finance the
construction and purchase of capital assets used by the city.
These comprise items for governmental and business-type
activities.
In FY21, the city issued $71.2 Million in new debt
to fund a variety of planned capital projects ranging from
building and park facility improvements and renovations to
water main replacements and drainage improvements.
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Financial Highlights Financial GLOSSARY OF TERMS
Accomplishments AWARDS
The City of Irving achieved What WorksCities Certification at the Silver level in 2021. What Works Cities Certification, the
national standard of excellence in data-driven
city governance, evaluates how well cities are
managed by measuring the
extent to which city leaders
incorporate data and evidence
in their decision-making,
such as resource allocation,
program effectiveness and
achieving desired outcomes.
Coordinated with the City of Grand Prairie and Dallas County to administer 22,000 COVID-19 vaccinations to Dallas County residents.
Launched IrvingArchivesandMuseum.com,
a new website providing a central information source
for residents and visitors to learn how to visit the
museum, explore Irving’s history, expand content
from the temporary exhibitions program and
provide educational resources.
Launched public-facing dashboards for both
the city’s strategic plan and Irving Connects, the
city’s smart city initiative, in order to demonstrate
achievement of goals associated with each. Visit
CityofIrving.org/3357/Open-Government
to view.
Scenic City CertificationScenic TexasCapital Improvement Program
Code Enforcement Association of Texas Community Service AwardCode Enforcement Department
Excellence in Code Enforcement AwardBuilding Officials Association of TexasCode Enforcement Department
Government Finance Officers Association Triple Crown Winner Certificate of Achievement for Excellence in Financial Reporting, Popular Annual Financial Award, Distinguished Budget Presentation AwardFinancial Services
2021 Adrian AwardsVisit Irving Safely Campaign (Gold)Irving Convention and Visitors Bureau
Texas Best Practices Recognition Texas Best Practices RecognitionTexas Fire Chiefs Association Texas Police Chiefs AssociationIrving Fire Department Irving Police Department
Accreditation with the Texas State Library and Archives Commission Irving Library Services
2021 Municipal Traffic Safety Initiative Award for High-Volume CourtsMunicipal Courts Education Center Irving Municipal Court
2021 Texas Employer Traffic Safety AwardNational Safety CouncilIrving Municipal Court
Certificate of Planning Excellence Texas Chapter of the American Planning AssociationPlanning and Community Development
2021 Leading Fleet Award Government Fleet Magazine and the American Public Works AssociationFleet Operations
Arbor Day Foundation Tree City USA – 13th Consecutive YearParks and Recreation Department
State Maintenance Achievement AwardTexas Recreation and Park SocietyParks and Recreation Department
2021 TATOA Government Programming – 11 AwardsTexas Association of Telecommunications Officers and Advisors (TATOA)Irving Community Television Network (ICTN)
Keep America Beautiful President’s Circle Award Keep Irving Beautiful12
Stay Informed
13
FACEBOOK
972 Posts
28,618 Followers
237,360 Total Engagement
NEXTDOOR
571 Updates
42,480 Total Members
2,818 Total Reactions
INSTAGRAM
585 Posts
955 New Followers
20,027 Total Engagement
More than 105,000 People Follow Irving Across Social Media
Search @TheCityofIrving and Join the Conversation
LINKEDIN
340 Updates
4,374 Total Followers
TWITTER
1,010 Tweets
871 New Followers
85,406 Total Engagement
YOUTUBE
346 Posts
643,608 Viewers
IRVING CITY SPECTRUM
Award-Winning Monthly Newspaper Delivered to
Approximately 103,000 Households
IRVING CITY SPECTRUM BRIEFS
One-page Insert Delivered to Residents in Monthly Utility Bills. CityofIrving.org/Publications
Watch shows and live coverage
provided by the award-winning
ICTN. Watch via cable providers
on the following channels.
ICTN 1 ICTN 2 ICTN 3
Spectrum Channel 16 Channel 95 Channel 96
Frontier Channel 30 Channel 31 Channel 32
ON-DEMAND AND LIVE STREAMING ICTN.tv
The City of Irving aims to keep residents and visitors informed of
the latest news, events, programs and public meetings. The city
offers numerous outlets for community engagement, including
“Irving City Spectrum,” Irving’s monthly resident newspaper, and
Irving Community Television Network (ICTN), as well as several
social media channels.
CityofIrving.org
ANNUAL VISITS 2.4 MILLION
PAGE VIEWS 5 MILLION
2020 Resident Survey Ranked City Website
TOP COMMUNICATION TOOL
DIGITAL NEWSLETTERS
City information is distributed weekly
through email newsletters. Sign up at CityofIrving.org/Newsletters
SOCIAL MEDIA
City of Irving 825 W. Irving Blvd., Irving, TX 75060 (972) 721-2600 CityofIrving.org
The mural located in the Irving Arts
Center sculpture garden was created
by artist Francisco Mendoza with the help of 40 Irving
students. The mural was
dedicated in 2004 as
part of the Centennial
Celebration and portrays moments in Irving’s history.
On the Cover