Long Beach

Overview


Socioeconomic Data
Population 474,140
Employment 221,277
Unemployment Rate 7.4%  (9 of 116)
Zillow Home Value Index $503,000  (15 of 116)
Government-Wide Revenues and Expenses
General Revenues $369,965,000
Capital Grants and Contributions $144,398,000
Charges For Services $993,611,000
Operating Grants and Contributions $165,374,000
Total Revenues $1,673,348,000
Total Expenditures $1,448,383,000
Change in Net Assets $224,965,000
Actuarially Determined Pension Contributions $65,411,000
Pension Contributions Actually Made $65,463,000
Government-Wide Position
Current Assets $1,243,519,000
Total Assets $9,451,414,000
Current Liabilities $462,353,000
Long Term Debt $3,079,562,000
Total Net Position $100,037,000
Unrestricted Net Position ($595,857,000)

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
FUND BALANCE AT END OF YEAR $  112,031,000 $  204,742,000 $  316,773,000
Surplus/(deficit) 21,383,000 (120,648,000) (99,265,000)
Revenues
Total Revenues $  416,557,000 $  232,190,000 $  648,747,000
Property taxes 151,111,000 28,888,000 179,999,000
Miscellaneous Gains 4,668,000 162,320,000 166,988,000
Sales and Use Tax 61,613,000 2,564,000 64,177,000
Other Taxes 34,897,000 10,620,000 45,517,000
Fines and Fees 41,903,000 0 41,903,000
Use of money and property 36,327,000 5,489,000 41,816,000
Utility Taxes 38,419,000 0 38,419,000
Charges for services 26,310,000 2,118,000 28,428,000
Licenses and permits 15,170,000 8,159,000 23,329,000
Other Revenues 6,139,000 11,476,000 17,615,000
Contributions 0 556,000 556,000
Expenditures
Total Expenditures $  395,174,000 $  352,838,000 $  748,012,000
Public safety 282,516,000 15,385,000 297,901,000
Culture, parks and recreation 41,849,000 195,584,000 237,433,000
Public works 34,917,000 36,004,000 70,921,000
Health and welfare 5,876,000 36,232,000 42,108,000
Interest 0 22,499,000 22,499,000
Principal 0 18,601,000 18,601,000
General government 16,900,000 1,216,000 18,116,000
Miscellaneous 13,116,000 0 13,116,000
Other Debt Service 0 178,000 178,000

Metrics


General Fund Balance Ratio 28.35%  (42 of 116)
Debt to Revenue Ratio 184.04%  (37 of 116)
Pension ADC to Revenue Ratio 3.91%  (85 of 116)
Annual Change in Home Prices 6.46%  (59 of 116)
Annual Change in Unemployment Rate (1.6%)  (107 of 116)
Fiscal Health Score 71  (50 of 116)
Implied Credit Rating AAA