2025-city-of-oakland-acfr_final-123025.pdf

The following table indicates the changes in net position for governmental and business-type activities: Condensed Statements of Activities Years Ended June 30, 2025 and 2024 (In thousands) Governmental Activities Business-type Activities Total 2025 2024 2025 2024 2025 2024 Revenues: Program revenues Charges for services $ 197,803 $ 186,254 $ 76,969 $ 76,657 $ 274,772 $ 262,911 Operating grants and contributions 221,484 136,147 — — 221,484 136,147 Capital grants and contributions 7,672 14,568 — — 7,672 14,568 Total program revenues: 426,959 336,969 76,969 76,657 503,928 413,626 General revenues: Property taxes 477,300 548,087 — — 477,300 548,087 State taxes: Sales and use taxes 94,092 95,200 — — 94,092 95,200 Gas tax and motor vehicle in-lieu 24,373 23,092 — — 24,373 23,092 Local taxes: Business license 129,666 123,482 — — 129,666 123,482 Utility consumption 70,753 66,217 — — 70,753 66,217 Real estate transfer 93,220 57,613 — — 93,220 57,613 Transient occupancy 20,866 24,093 — — 20,866 24,093 Parking 22,362 22,323 — — 22,362 22,323 Voter-approved special tax 152,094 145,707 — — 152,094 145,707 Franchise 14,676 14,517 — — 14,676 14,517 Interest and investment income 72,979 85,815 5,028 4,966 78,007 90,781 Other 27,650 18,400 — — 27,650 18,400 Total revenues 1,626,990 1,561,515 81,997 81,623 1,708,987 1,643,138 Expenses: General government 259,802 294,276 — — 259,802 294,276 Public safety 586,880 592,035 — — 586,880 592,035 Community and human services 106,941 182,920 — — 106,941 182,920 Community and economic development 247,693 157,414 — — 247,693 157,414 Public works and transportation 188,579 190,206 — — 188,579 190,206 Interest on long-term debt 28,393 34,923 — — 28,393 34,923 Sewer — — 63,467 66,850 63,467 66,850 Parks and recreation — — 871 1,586 871 1,586 Total expenses 1,418,288 1,451,774 64,338 68,436 1,482,626 1,520,210 Changes in net position before transfers 208,702 109,741 17,659 13,187 226,361 122,928 Transfers 1,271 918 (1,271) (918) — — Changes in net position 209,973 110,659 16,388 12,269 226,361 122,928 Net Position: Beginning of year, as previously reported 682,203 571,544 300,635 288,366 982,838 859,910 Changes in accounting principle (11,548) — — — (11,548) — Cumulative effect of accounting change 199,903 — — — 199,903 — Beginning of year 870,558 571,544 300,635 288,366 1,171,193 859,910 End of year $ 1,080,531 $ 682,203 $ 317,023 $ 300,635 $ 1,397,554 $ 982,838 CITY OF OAKLAND Management’s Discussion and Analysis (Unaudited) Year Ended June 30, 2025 11