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

Page INTRODUCTORY SECTION Letter of Transmittal .................................................................................................................... i Organization Chart ...................................................................................................................... xi Elected and Appointed Officials ................................................................................................. xii FINANCIAL SECTION Independent Auditor’s Report ..................................................................................................... 1 Management’s Discussion and Analysis (Required Supplementary Information) ..................... 5 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ..................................................................................................... 23 Statement of Activities .......................................................................................................... 24 Fund Financial Statements: Balance Sheet – Governmental Funds .................................................................................. 25 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position for Governmental Activities ................................................ 26 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds ...................................................................................................... 27 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities of Governmental Activities ........................................................................................................................ 28 Statement of Fund Net Position – Proprietary Funds ........................................................... 29 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds .............................................................................................................................. 30 Statement of Cash Flows – Proprietary Funds ...................................................................... 31 Statement of Fiduciary Net Position – Fiduciary Funds ....................................................... 32 Statement of Changes in Fiduciary Net Position – Fiduciary Funds .................................... 33 Notes to the Basic Financial Statements ................................................................................... 35 Required Supplementary Information (Unaudited): Schedule of Changes in Net Pension Liability and Related Ratios: Police and Fire Retirement System ................................................................................ 119 CalPERS Miscellaneous Plan ......................................................................................... 120 CalPERS Safety Plan ...................................................................................................... 122 Schedule of Employer Pension Contributions: Police and Fire Retirement System ................................................................................ 124 CalPERS Plans ............................................................................................................... 127 Schedule of Changes in Net OPEB Liability and Related Ratios: City Retiree Health Plan ................................................................................................. 129 Port Retiree Health Plan ................................................................................................. 131 CITY OF OAKLAND Annual Comprehensive Financial Report Year Ended June 30, 2025 Table of Contents