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1 Popular Annual Financial Report
fiscal year ended 8/31/21
POPULAR ANNUAL FINANCIAL REPORT Fiscal Year ended August 31, 2021
We are pleased to present the City of Lincoln’s Popular Annual Financial Report (PAFR) for the fiscal year ended August
31, 2021.
The popular annual financial report is an unaudited summary report of the financial activities of the City of Lincoln and is
prepared primarily from detailed information in the City’s 2021 and 2020 Annual Comprehensive Financial Reports, with
selected information from Annual Comprehensive Financial Reports prepared for earlier years.
The Annual Comprehensive Financial Report is prepared in accordance with generally accepted accounting principles
(GAAP) and includes audited financial statements. As such, it provides much more detail as well as full disclosure of
material events, both financial and non-financial. The information in the comprehensive report by nature can be both
technical and complex and therefore not as useful to citizens wishing to gain a general understanding of the City’s
finances. The PAFR has been prepared to simplify the information in the report and better inform the public about the
overall financial condition of the City, without the substantial use of technical accounting terms or excessive detail. The
PAFR is not intended to provide a complete financial picture of the City in accordance with GAAP.
LINCOLN, NEBRASKA
Copies of both the Popular Annual Financial Report and the
Annual Comprehensive Financial Report are available on-line at
www.lincoln.ne.gov/City/Departments/Finance/Accounting
IN THIS REPORT
City Profile 2
Population & Demographics 2
Local Economy 3
Employers & Taxpayers 4
Governing Body & Guiding Initiatives 5
Outcome Areas/Themes of Our Work 5
Financial Highlights 6
Net Position 7
Revenues 8
Expenses 9
Capital Assets 10
Long-Term Obligations 10
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QUALITY OF LIFE
#1 HAPPIEST CITY MEN’S HEALTH #8 MOST CARING CITIES IN AMERICA WALLETHUB
#1 BEST CITIES TO DRIVE IN WALLETHUB #8 BEST US CITIES FOR FIRST TIME HOMEBUYERS MONEYGEEK
#7 CITIES WITH THE LEAST FINANCIAL DISTRESS DURING COVID WALLETHUB
THE CITY OF LINCOLN
The city began with the settlement of the village of Lancaster in 1856 on the east bank of Salt Creek. The first settlers were attracted
to the area for the abundance of salt that could be used primarily in the preservation of meat. In 1867, the village became Nebraska’s
state capital, was renamed Lincoln, and incorporated on April 7, 1869. Railroads began to use Lincoln as a stop westward and by 1892,
Lincoln was a rail center. In 1920, Lincoln became part of the Detroit-Lincoln-Denver Highway Association, whose goal was to establish
a continuous route from Detroit to Denver.
Today Lincoln occupies a land area of approximately 101 square miles, serves a population of approximately 291,000, and enjoys a
unique position in Nebraska as the center of the state’s governmental and educational activities. Lincoln also has a growing high-tech
sector and makes up a part of what is known as the “Midwest Silicon Prairie.”
Interstate 80, U.S. Highways 2, 6, 34, and 77, and two commercial airports in Lincoln and Omaha serve the Lincoln metropolitan area.
Railroad transportation facilities include Burlington Northern/Santa Fe and Union Pacific. AMTRAK provides daily passenger and
package express services. Ground transportation includes Greyhound, Arrow, and Burlington Trailways bus lines, taxi services, Uber
and Lyft car services, and local StarTran bus services. The average commute in Lincoln is 18 minutes and nearly 18 percent of area
commuters spend less than 10 minutes on the road.
City government has a broad range of responsibilities including electric, water and sanitary sewer systems; and an impressive parks
and playground system of over 7,800 acres maintained for public use, nine public swimming pools, 172 trail miles, and five public golf
courses. The City has cooperated actively with county government in several joint governmental buildings, and in other specific areas
of responsibility, including health, planning, civil defense, data processing, tax collection, and jail facilities. There are cooperative
agreements with the United States government on parks and flood control; with the University of Nebraska on planning and property
transfer; with the area Watershed Distict on flood control; and with the Lincoln Public School District on recreation.
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
1970 1980 1990 2000 2010 2020 est
Historical Population Growth
Lincoln’s population has been steadily increasing based on the
census figures provided above. The City of Lincoln projects a
population of 371,700 by the year 2040.
Median Age –
The median age is the age at which 50% of the population are
younger than this age and 50% are older.
33.5
Average Family Size –
The average family size is a measure obtained by dividing the
number of people in a household by the number of households.
3.01
POPULATION & DEMOGRAPHICS
Education Levels –
Per the 2020 census, 93.3% of the population of Lincoln 25
years and older has a high school degree or greater with
39.6% holding a bachelor’s degree or greater.
CITY PROFILE
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Median Income –
A measure dividing the income distribution into two groups,
those above and those below. The US median income is
$65,712, slightly above Lincoln.
$59,228
Sales Tax Growth –
The average sales tax growth in the community over the last five
years.
3.14%
City of Lincoln Appraised Valuation (in millions)
This graph illustrates appraised valuation of real and personal property in Lincoln since 2017.
On average there has been a 5.5% increase over the past five years. This growth is important for both the City’s overall economy
and its impact on funding operations through ad valorem property taxes.
$20,517 $21,670 $23,267 $24,000
$26,730
2017 2018 2019 2020 2021
CITY PROFILE
Cost of Living –
Cost of living indices are based on the US average of 100. An
amount below 100 means that Lincoln on average is cheaper
than the US average.
89.8%
Unemployment Rate –
A measure dividing the number of unemployed individuals in
the labor force by all individuals in the labor force. The
national average compares at 5.2%.
1.7%
LOCAL ECONOMY
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Percentage
of Total City
Employer Employees Rank Employment
State of Nebraska 9,064 1 4.72 %
Lincoln Public Schools 7,780 2 4.06
University of Nebraska-Lincoln 5,983 3 3.12
Bryan Health 5,000 4 2.61
US Government 3,429 5 1.79
City of Lincoln 2,725 6 1.42
Kawasaki Motors Mfg. Corp.2,400 7 1.25
Saint Elizabeth Regional Medical Center 1,825 8 0.95
Madonna Rehabilitation Hospital 1,500 9 0.78
Duncan Aviation 1,237 10 0.64
Total 40,943 21.34 %
CITY OF LINCOLN, NEBRASKA
PRINCIPAL EMPLOYERS
2021
CITY PROFILE
Percentage
of Total City
Taxable Taxable
Assessed Assessed
Taxpayer Type of Business Value Rank Value
B & J Partnership Ltd.Building Management $178,268,500 1 0.74 %
Burlington Northern Railroad 141,622,129 2 0.59
Allo Communications LLC Communication 129,321,896 3 0.54
Nebco Construction / Development 95,887,951 4 0.40
RED Capital Management Retail Management 66,302,900 5 0.28
Kawasaki Manufacturing 66,007,463 6 0.28
Ameritas Life Insurance Corp.Insurance 64,615,184 7 0.27
WEA Gateway LLC Retail Management 59,851,800 8 0.25
Windstream Telecommunications 54,379,833 9 0.23
Hampton Enterprises Inc.Property Management 48,311,233 10 0.20
Total $904,568,889 3.78 %
CITY OF LINCOLN, NEBRASKA
PRINCIPAL PROPERTY TAXPAYERS
2021
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OUTCOME AREAS / THEMES OF OUR WORK
Safe and Healthy City
• Lincoln is committed to
providing a safe and
healthy environment for
residents, so that
residents are freed from
having to worry about
the basics of city living
and can rely on prompt,
effective public service
when it is most needed.
• low rates of violent
crime
• effective community
policing partnerships
• access to health care
• maintaining clean and
healthy air, water, and
wastewater
Strong & Resilient City
Lincoln is committed to
building a strong
foundation for
generations to come
by promoting resiliency,
sustainability, and
security of infrastructure
and built capital.
• efficient water and
energy use
• instill a culture of
conservation and
resiliency
• Climate Action Plan
• strategies for
connecting to a
second water
source
Vibrant City Economy
and Quality of Life
Our goal is for Lincoln
to be the quality of life
capital of the country.
We want people to
come to Lincoln and
stay in Lincoln because
this is where they can
thrive and live “the
good life” – a life
characterized by
overall well-being.
• cultural vibrancy
• good-paying jobs
• community literacy
• reliable
transportation
• parks &
greenspaces
Equitable and Inclusive
City
Lincoln is committed
to creating a culture
of equity, diversity,
and inclusion, both
within City Hall and in
the community. Our
goal is to promote
policies that allow all
city employees and
residents to achieve
their full human
potential. We will
champion community
practices and culture
change initiatives that
advance equity,
diversity, and
inclusion.
Innovative and
Operationally Excellent City
Our goal is to use data
and technology to
engage more effectively
with residents of the
community, to drive
transparency and
functional excellence in
each department, and
position the City to
adapt quickly and
creatively to future
challenges. This
includes working to
ensure that the City acts
as a responsible steward
of public funds by
meeting financial
stability and debt goals.
CITY PROFILE
The City has launched the Open Data Performance
Management website – OPENDATA.LINCOLN.NE.GOV - to give
Lincoln citizens one-stop access to City data and another layer
of transparency to the City’s performance management
process.
GOVERNING BODY AND GUIDING INITIATIVES
The City operates under a Home Rule Charter and has a Mayor-
Council form of government with an elected full-time chief
executive, the Mayor, and an elected seven-member legislative
body, the Council. Three Council members are elected at-large
and four by district on a nonpartisan basis for a term of four
years. All legislative powers of the City are exclusively vested in
the Council, as well as the power to adopt the budget, set the tax
levy, and equalize taxes and assessments. The Mayor is
responsible for the proper conduct of the affairs of the City, with
the administration of City government performed under the
direction of the Mayor through administrative departments.
Mayor Baird has outlined the following initiatives of her
administration to reflect shared priorities of the community –
safety, a strong and resilient foundation or the future, and the
desire for “the good life” for all.
➢Lincoln Forward will focus on economic and workforce
development while expanding the City’s approach to
analyzing and pursuing the well-being of residents.
➢One Lincoln will promote equity, diversity, and inclusion,
both inside City Hall and in the community to engage the
talents of all Lincoln residents.
➢Resilient Lincoln will look to limit the City’s impact on the
environment while preparing for more severe weather
events in coming decades.
City Council Members
James Bowers, NE District 1 Richard Meginnis, SE District 2
Jane Raybould, SW District 3 Tammy Ward, NW District 4
Bennie Shobe, Tom Beckius, Sändra Washington
At-Large
Mayor Leirion
Gaylor Baird
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The table below summarizes financial information that is detailed in the pages following and gives a wide overview of City finances for
governmental and business-type activities.
Governmental activities are generally financed through taxes, intergovernmental revenues, and other nonexchange revenues, and include
general administrative services, public safety, streets and highways, health, planning and zoning, parks and recreation, libraries, aging
services, job programs, urban development, mass transit, engineering, self-insurance, and fleet management.
Business-type activities are programs of the City financed in whole or in part by fees charged for goods or services and include water,
wastewater and electric utilities; ambulance transport; solid waste management; golf courses; entertainment center; broadband facilities;
and parking.
Fiduciary funds are used to account for resources held for the benefit of parties outside the government (Police and Fire Pension, Agency
funds) and are not reflected in the financial information included here because the resources of those funds are not available to support
the City’s own programs.
GLOSSARY
Financial Summary
2018 2019 2020 2021
Net Position
Assets plus Deferred Outflows 3,745,698,718$ 3,972,438,203$ 4,009,678,950$ 4,193,674,255$
Liabilities plus Deferred Inflows 1,636,307,641 1,770,507,602 1,692,839,019 1,705,818,685
Total Net Position 2,109,391,077 2,201,930,601 2,316,839,931 2,487,855,570
Revenues
Governmental Activities 394,856,777 385,372,676 398,929,186 468,515,768
Business-type Activities 463,847,022 475,038,764 479,835,057 466,386,469
Total Revenues 858,703,799 860,411,440 878,764,243 934,902,237
Expenses
Governmental Activities 343,338,717 376,636,400 375,472,782 380,575,622
Business-type Activities 411,145,735 391,340,560 388,483,659 385,442,425
Total Expenses 754,484,452 767,976,960 763,956,441 766,018,047
Capital Assets
Governmental Activities 1,311,852,970 1,348,321,417 1,342,973,087 1,347,834,456
Business-type Activities 1,631,708,999 1,705,850,004 1,772,174,272 1,826,419,819
Total Capital Assets 2,943,561,969 3,054,171,421 3,115,147,359 3,174,254,275
Long-Term Obligations
Governmental Activities 568,719,411 594,902,080 576,152,088 569,747,872
Business-type Activities 840,088,872 973,499,816 932,822,145 891,563,764
Total Long-Term Obligations 1,408,808,283$ 1,568,401,896$ 1,508,974,233$ 1,461,311,636$
FINANCIAL HIGHLIGHTS
Deferred Outflows of Resources:
A consumption of net position by the City that
is applicable to a future reporting period.
Deferred Inflows of Resources:
An acquisition of net position by the City that is
applicable to a future reporting period.
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The statement of net position presents information on all the City’s assets and deferred outflows of resources, and the City’s liabilities and
deferred inflows of resources, with the net difference reported as net position. Over time, increases or decreases in net position may serve
as a useful indicator of whether the financial position of the City is improving or deteriorating.
At August 31, 2021, the City’s net position, as shown below, had increased by $171,015,639 in comparison to August 31, 2020. All changes
in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows.
Therefore, some revenues and expenses impacting the city’s net position will only result in cash flows in future fiscal periods (e.g.,
uncollected taxes and earned but unused vacation leave).
The statement of net position distinguishes functions of the City that are principally supported by taxes and intergovernmental revenues
(governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and
charges (business-type activities).
By far the largest portion of the City’s net position (74%) reflects its investment in capital assets (e.g., land, buildings, improvements, utility
plant, infrastructure, and machinery and equipment), less any related debt used to acquire those assets that is still outstanding. The City
uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the
City’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must
be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.
An additional portion of the City’s net position (12%) represents resources that are subject to external restrictions on their use. The
remaining balance of unrestricted net position (14%) may be used to meet the government’s ongoing obligations to citizens and creditors.
At August 31, 2020, and August 31, 2021, the City can report positive balances in all three categories of net position, both for the
government as a whole, as well as for its separate governmental and business-type activities.
Statement of Net Position
2020 2021 2020 2021 2020 2021
Assets
Current & Other Assets 435,999,315$ 578,981,083$ 419,877,985$ 394,345,405$ 855,877,300$ 973,326,488$
Capital Assets 1,342,973,087 1,347,834,456 1,772,174,272 1,826,419,819 3,115,147,359 3,174,254,275
Total Assets 1,778,972,402 1,926,815,539 2,192,052,257 2,220,765,224 3,971,024,659 4,147,580,763
Deferred Outflows 19,920,069 21,966,506 18,734,222 24,126,986 38,654,291 46,093,492
Liabilities
Long-Term Liabilities Outstanding 576,152,088 569,747,872 938,822,145 891,563,764 1,514,974,233 1,461,311,636
Other Liabilities 33,145,205 63,756,703 134,505,664 143,270,795 167,650,869 207,027,498
Total Liabilities 609,297,293 633,504,575 1,073,327,809 1,034,834,559 1,682,625,102 1,668,339,134
Deferred Inflows 9,596,966 35,201,028 616,951 2,278,523 10,213,917 37,479,551
Net Position
Net Investment in Capital Assets 909,494,423 898,840,745 856,941,115 942,386,540 1,766,435,538 1,841,227,285
Restricted 174,029,693 249,233,964 41,381,436 44,896,951 215,411,129 294,130,915
Unrestricted 96,474,096 132,001,733 238,519,168 220,495,637 334,993,264 352,497,370
Total Net Position 1,179,998,212$ 1,280,076,442$ 1,136,841,719$ 1,207,779,128$ 2,316,839,931$ 2,487,855,570$
Governmental Activities Business-type Activities Total
GLOSSARY
NET POSITION
Net Investment in Capital Assets: Assets owned by the City, including but not limited to land, buildings,
improvements, utility plant, infrastructure, and equipment, reduced by any debt attributable to their acquisition.
Restricted: Assets that are subject to constraints by external parties (debt covenants, grantors, contributors), or
law or regulations of other governments, or constraints imposed by constitutional provision or enabling legislation.
Unrestricted: The residual amount of net position that is available to meet ongoing needs.
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The City receives the funding it needs to
provide basic services to residents through a
variety of sources. The table (left) presents
a summary of City revenues by source for
both 2020 and 2021, including both
governmental activities and business-type
activities combined.
Overall, the City’s total revenues increased
approximately $56,137,994 or 6% during
2021. Significant decreases in Investment
Earnings and Capital Grants and
Contributions were offset by increases in
Sales Tax, due to .25% increase and also in
Operating Grants and Contributions from
Federal and State aid associated to the
COVID-19 pandemic.
REVENUES BY SOURCE
The charts below show total revenues by source, along with the percent of the total. Key revenue source descriptions are as follows:
Charges for Services: Resources paid to the City for services such as water, sewer, electric, parking, permits and fees.
Grants and Contributions: Received primarily from other governments and used for the operation of various City programs and the
construction and acquisition of capital assets. Also included here are developer contributions of infrastructure in areas of new construction.
Property tax: Taxes collected from both residential and commercial property owners on real estate and other property.
Sales tax: 1.5% normal city tax rate - plus an additional .25% for a six year period, beginning October 2019, to fund street rehabilitation,
reconstruction, and new construction of arterial streets.
Occupation tax: Tax levied on telecommunications and cable providers, waste disposal, and imposed in the city on bar/restaurant,
hotel/motel, and car rental revenues.
Charges for
Services
61%
Operating Grants
& Contributions
8%
Capital Grants &
Contributions
5%
Property taxes
8%
Sales taxes
9%
Occupation taxes
4%
Other taxes
3%
Investment
Earnings,
Transfers, &
Other
2%
2016 Revenues by Source -All Funds
Charges for
Services
55%
Operating
Grants &
Contributions
14%
Capital Grants &
Contributions
4%
Property taxes
9%
Sales taxes
11%
Occupation
taxes
3%
Other taxes
3%
Miscellaneous
Revenue
1%
2021 Revenues by Source -All Funds
GLOSSARY
Combined Statement of Revenues
2020 2021
Program Revenues
Charges for Services 507,542,785$ 515,693,043$
Operating Grants and Contributions 74,705,078 131,325,308
Capital Grants and Contributions 46,079,313 35,706,328
General Revenues
Property taxes 85,070,230 80,373,285
Sales taxes 94,014,467 105,320,265
Occupation taxes 28,512,915 29,248,128
Other taxes 27,357,420 28,419,196
Investment Earnings 12,639,612 3,174,434
Miscellaneous 2,842,423 5,642,250
Total Revenues 878,764,243$ 934,902,237$
Charges for
Services
58%
Operating
Grants &
Contributions
9%
Capital Grants &
Contributions
5%
Property taxes
10%
Sales taxes
11%
Occupation
taxes
3%
Other taxes
3%
Investment
Earnings
1%
2020 Revenues by Source -All Funds
REVENUES
Governmental Activities revenues for 2021 were
$468,515,768 compared to 2020 totals of
$398,929,186, an increase of 17.4%
Business-type Activities revenues for 2021 were
$466,386,469 compared to 2020 totals of
$479,835,057, a decrease of 2.8%
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The City provides a wide range of services for
the citizens of Lincoln. The table (left) presents
a summary of City expenditures by
governmental function and business-type
programs for both 2020 and 2021, as well as a
combined total of all City expenses.
Overall, the City’s total expenses increased .27%
or $2,061,606, primarily due to the purchase of
land for new fire station, construction of new
police station, and Water System expenses due
to 2019 flood repair expenditures.
EXPENSES BY FUNCTION/PROGRAM – The
charts below display expenses by function or
program along with the percent of total
governmental or business-type activity. Key
expense descriptions are as follows:
Public Safety: Includes fire, police, traffic engineering, 911 communications, building codes and inspection.
Streets and Highways: Includes street maintenance, construction, snow removal, lighting, drainage and sanitation.
General Government: Includes the mayor’s office, city council, finance administration, city attorney, human resources,
planning and zoning, and urban development.
Culture and Recreation: Includes parks, public gardens, trails, forestry, recreation centers, pools, and libraries.
Lincoln Electric, Water, and Wastewater Systems: Includes expenses for the electric utility operations, distribution of water,
and collection of wastewater.
General
Government
14%
Public Safety
32%
Streets and
Highways
17%
Culture and
Recreation
12%
Economic
Opportunity
5%
Health and
Welfare
9%
Mass Transit,
Equip Mgmt &
Engineering
7%
Interest on Long-
Term Debt
4%
2021 Governmental Activities Expenses
All Other
12%
Wastewater
System
8%
Water System
10%Electric System
70%
2021 Business-Type Activities Expenses
Combined Statement of Expenses
2020 2021
Governmental Activities
General Government 57,362,717$ 53,297,715$
Public Safety 115,994,657 123,218,823
Streets and Highways 64,899,917 63,862,502
Culture and Recreation 51,835,619 44,913,469
Economic Opportunity 14,998,235 19,046,331
Health and Welfare 31,811,506 33,647,236
Mass Transit, Equip Mgmt & Engineering 19,358,822 25,524,601
Interest on Long-Term Debt 19,211,309 17,064,945
Total Governmental Activities 375,472,782 380,575,622
Business-type Activities
Golf 4,204,729 5,272,495
Parking Systems 10,263,845 8,913,548
Municipal Arena 8,185,336 6,003,519
Solid Waste Management 12,893,945 13,264,852
Emergency Medical Services 8,019,204 7,744,230
Broadband Enterprise 2,496,469 7,043,569
Wastewater System 29,051,899 29,504,080
Water System 31,205,232 38,261,132
Electric System 282,163,000 269,435,000
Total Business-type Activities 388,483,659 385,442,425
Total Expenses 763,956,441$ 766,018,047$
EXPENSES
Governmental Activities expenses for 2021
increased by $5,102,840 or 1.36% in
comparison to the 2020 total.
Business-type Activities expenses for 2021
decreased by $3,041,234 or .78% in
comparison to the 2020 total.
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CAPITAL ASSETS
Delivering services to the citizens of Lincoln and
doing so efficiently requires the use of a variety
of capital assets. In 2021 total assets, net of
depreciation, were valued at $3.2 billion, an
increase of $59 million from 2020.
Current year capital asset events include land
purchased for a new fire station, new police
station, StarTran buses, LES operation center,
LES duct installation program, wastewater and
water systems improvements, and streets,
bridges, drainage, and lighting systems.
LONG-TERM OBLIGATIONS
As of August 31, 2021, the City’s long-term obligations totaled approximately $1.461 billion, comprised of $570 million for governmental
activities and $892 million for business-type activities. Of this total, $89 million is due within one year. Debt additions in 2021 include the
issue of $15.3 million general obligation highway allocation fund bonds, $766,000 of tax allocation bonds and $21.2 million in certificates
of participation.
GLOSSARY
Combined Statement of Capital Assets
2020 2021
Capital Assets, not being depreciated:
Land 201,302,948$ 203,514,491$
Construction in progress 193,514,503 239,068,283
Total not being depreciated 394,817,451 442,582,774
Capital Assets, being depreciated:
Buildings 438,946,008 432,404,820
Improvements other than buildings 679,613,553 695,728,996
Machinery and equipment 85,748,246 89,376,830
Infrastructure 657,934,101 649,860,855
Utility plant 858,088,000 864,300,000
Total being depreciated 2,720,329,908 2,731,671,501
Total Capital Assets 3,115,147,359$ 3,174,254,275$
Condensed Statement of Long-term Obligations
(amounts in thousands)
Payable at Due Within Payable at Due Within Payable at Due Within
8/31/2021 One Year 8/31/2021 One Year 8/31/2021 One Year
Bonds, Note, Loans, and Leases:
General Obligation Bonds 30,620$ 3,015$ -$ -$ 30,620$ 3,015$
Tax Allocation Bonds 2,514 581 - - 2,514 581
Tax Supported Bonds 53,835 6,050 - - 53,835 6,050
Special Assessment Debt with
Government Commitment 2,380 205 - - 2,380 205
WHJPA Bonds 319,285 5,675 - - 319,285 5,675
Note from Direct Borrowing 1,855 132 - - 1,855 132
Revenue Bonds - - 752,475 39,605 752,475 39,605
Revenue Direct Borrowing Loans/Note - - 26,442 1,923 26,442 1,923
Capital Leases 41,910 6,103 1,974 426 43,884 6,529
Deferred Net Premiums/Discounts 12,467 - 62,642 - 75,109 -
Other Liabilities:
Compensated Absences 29,621 10,962 4,170 1,584 33,791 12,546
Construction Contracts 2,435 1,753 6,291 6,291 8,726 8,044
Note Purchase Agreement - - 1,500 - 1,500 -
Developer Performance Deposits - - 946 - 946 -
Claims and Judgements 11,194 4,225 613 - 11,807 4,225
Net Pension Liability 37,388 - 2,280 - 39,668 -
Total OPEB Liability 24,244 791 2,735 89 26,979 880
Accrued Landfill Closure/Postclosure - - 26,016 - 26,016 -
Asset Retirement Obligation - - 3,480 - 3,480 -
Total Long-Term Liabilities 569,748$ 39,492$ 891,564$ 49,918$ 1,461,312$ 89,410$
Governmental Activities Business-type Activities Total
CAPITAL ASSETS / LONG-TERM OBLIGATIONS
COPs: Certificates of Participation, reported in capital leases above, are debt instruments evidencing a share in a
specific pledged revenue stream, usually lease payments by the issuer that are subject to annual appropriation.
OPEB: Other Post Employment Benefits reported by the City is the implicit rate subsidy provided to retirees
when their health premium is the “full cost” of the insurers charge for active population.