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

Primary Government Component Unit Governmental Activities Business-type Activities Total Port of Oakland ASSETS Cash and investments $ 1,400,980 $ 116,069 $ 1,517,049 $ 675,421 Receivables (net of allowance for uncollectibles of $19,634 for the City and $2,379 for the Port) Accrued interest 16,078 1,087 17,165 — Property taxes 28,136 — 28,136 — Accounts receivable 101,276 20,218 121,494 51,534 Grants receivable 74,178 — 74,178 — Lease receivable 44,153 — 44,153 1,013,069 Due from Port 8,657 — 8,657 — Due from Oakland Redevelopment Successor Agency (ORSA) 2,124 — 2,124 — Due from custodial funds 129 — 129 — Internal balances 763 (763) — — Due from other governments 12,786 — 12,786 — Inventories 1,773 — 1,773 — Restricted cash and investments 263,862 660 264,522 135,198 Property held for resale 125,892 — 125,892 — Notes and loans receivable (net of allowance for uncollectibles of $210,218) 719,532 — 719,532 — Prepaid expenses 8,525 73 8,598 7,852 Other — — — 20,411 Capital assets: Nondepreciable 377,929 2,521 380,450 650,206 Depreciable, net 1,220,306 243,645 1,463,951 1,230,384 TOTAL ASSETS 4,407,079 383,510 4,790,589 3,784,075 DEFERRED OUTFLOWS OF RESOURCES Unamortized losses on refunding of debt 7,288 — 7,288 5,273 Pensions 411,626 8,185 419,811 42,673 OPEB 126,973 2,376 129,349 32,909 TOTAL DEFERRED OUTFLOWS OF RESOURCES 545,887 10,561 556,448 80,855 LIABILITIES Accounts payable and other current liabilities 147,019 2,674 149,693 76,778 Accrued interest payable 12,557 27 12,584 2,353 Due to other governments 513 — 513 — Due to primary government — — — 8,657 Unearned revenue 102,015 — 102,015 9,513 Other 26,781 6 26,787 3,521 Non-current liabilities: Due in one year Liabilities due within one year 202,846 3,343 206,189 82,017 Due in more than one year Liabilities due in more than one year 899,686 10,964 910,650 481,005 Net pension liability 1,728,216 46,394 1,774,610 196,848 Net OPEB liability 545,291 9,638 554,929 87,258 TOTAL LIABILITIES 3,664,924 73,046 3,737,970 947,950 DEFERRED INFLOWS OF RESOURCES Unamortized gains on refunding of debt 1,821 158 1,979 — Leases 43,706 — 43,706 948,369 Pensions 17,854 186 18,040 4,600 OPEB 144,130 3,658 147,788 599 TOTAL DEFERRED INFLOWS OF RESOURCES 207,511 4,002 211,513 953,568 NET POSITION Net investment in capital assets 1,089,717 231,701 1,321,418 1,411,882 Restricted for: Debt service 41,336 — 41,336 — Housing and community development 460,678 — 460,678 — Low and moderate income housing redevelopment 359,637 — 359,637 — Other purposes 68,864 — 68,864 81,675 Unrestricted (deficit) (939,701) 85,322 (854,379) 469,855 TOTAL NET POSITION $ 1,080,531 $ 317,023 $ 1,397,554 $ 1,963,412 City of Oakland Statement of Net Position June 30, 2025 (In thousands) The notes to the basic financial statements are an integral part of this statement. 23