Oakland

Overview


Socioeconomic Data
Population 419,267
Employment 198,693
Unemployment Rate 5.9%  (38 of 116)
Zillow Home Value Index $578,200  (8 of 116)
Government-Wide Revenues and Expenses
General Revenues $638,204,000
Capital Grants and Contributions $70,322,000
Charges For Services $240,132,000
Operating Grants and Contributions $92,865,000
Total Revenues $1,041,523,000
Total Expenditures $874,695,000
Change in Net Assets $274,524,000
Actuarially Determined Pension Contributions $83,775,000
Pension Contributions Actually Made $83,775,000
Government-Wide Position
Current Assets $1,227,190,000
Total Assets $2,734,792,000
Current Liabilities $181,557,000
Long Term Debt $1,433,016,000
Total Net Position ($268,759,000)
Unrestricted Net Position ($1,841,834,000)

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
FUND BALANCE AT END OF YEAR $  266,331,000 $  372,798,000 $  639,129,000
Surplus/(deficit) 114,280,000 (181,715,000) (67,435,000)
Revenues
Total Revenues $  623,986,000 $  369,607,000 $  993,593,000
Property taxes 228,072,000 40,328,000 268,400,000
Miscellaneous Gains 10,651,000 159,042,000 169,693,000
Charges for services 82,461,000 51,769,000 134,230,000
Miscellaneous taxes 9,514,000 58,534,000 68,048,000
Business taxes 66,677,000 0 66,677,000
Sales and Use Tax 48,827,000 14,891,000 63,718,000
Transfer Taxes 62,665,000 0 62,665,000
Utility Taxes 50,594,000 0 50,594,000
Fines and Fees 23,146,000 2,466,000 25,612,000
Licenses and permits 1,573,000 20,878,000 22,451,000
Transient occupancy taxes 16,898,000 4,671,000 21,569,000
Franchise taxes 17,921,000 229,000 18,150,000
Other Revenues 3,899,000 11,478,000 15,377,000
Investment income 1,088,000 5,321,000 6,409,000
Expenditures
Total Expenditures $  509,706,000 $  551,322,000 $  1,061,028,000
Police 218,143,000 24,856,000 242,999,000
Fire 113,553,000 16,980,000 130,533,000
Principal 5,613,000 124,293,000 129,906,000
Capital Outlay 4,323,000 119,110,000 123,433,000
Community services 35,147,000 85,101,000 120,248,000
Public works 38,703,000 46,338,000 85,041,000
Development 10,607,000 55,164,000 65,771,000
Interest 629,000 56,108,000 56,737,000
General government 38,566,000 2,888,000 41,454,000
Administrative Service 37,641,000 1,923,000 39,564,000
Miscellaneous 6,581,000 6,719,000 13,300,000
Other Debt Service 0 11,213,000 11,213,000
Issuance Cost 200,000 629,000 829,000

Metrics


General Fund Balance Ratio 52.25%  (7 of 116)
Debt to Revenue Ratio 137.59%  (65 of 116)
Pension ADC to Revenue Ratio 8.04%  (27 of 116)
Annual Change in Home Prices 18.07%  (3 of 116)
Annual Change in Unemployment Rate (1.3%)  (93 of 116)
Fiscal Health Score 82  (26 of 116)
Implied Credit Rating AAA