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

Fund balances - total governmental funds (page 25) $ 1,647,143 Amounts reported for governmental activities in the statement of net position are different due to the following: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the governmental funds. Primary government capital assets, net of depreciation/amortization 1,598,235 Less: internal service funds' capital assets, net of depreciation/amortization (37,407) 1,560,828 Interest payable on long-term debt does not require the use of current financial resources and, therefore, is not accrued as a liability in the governmental funds. Interest payable on long-term debt of the primary government (12,557) Less: interest payable on long-term debt of the internal service funds 50 (12,507) Deferred inflows of resources recorded in governmental fund financial statements resulting from activities in which revenues were earned but funds were not available are reclassified as revenues in the government-wide financial statements. 793,112 Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the governmental funds. Long-term liabilities (1,102,532) Less: long-term liabilities for internal service funds 8,417 (1,094,115) Deferred outflows of resources in governmental activities related to losses on refunding of debt are not financial resources and, therefore, are not reported in the governmental funds. 7,288 Deferred inflows of resources in governmental activities related to gains on refunding of debt are not financial resources and, therefore, are not reported in the governmental funds. (1,821) Net pension liability, net OPEB liability, and deferred outflows of resources and deferred inflows of resources related to pensions and OPEB on the government-wide statement of net position are not due and payable in the current period and, therefore, are not reported in the governmental funds. Net pension liability (1,663,806) Deferred outflows of resources related to pensions 393,616 Deferred inflows of resources related to pensions (17,644) Net OPEB liability (534,576) Deferred outflows of resources related to OPEB 123,442 Deferred inflows of resources related to OPEB (139,688) (1,838,656) Internal service funds are used by the City to charge the costs of providing supplies and services, fleet and facilities management, and use of radio and communications equipment to individual funds. Assets, deferred outflows, liabilities, and deferred inflows of resources of internal service funds are included in governmental activities in the statement of net position. 19,259 NET POSITION OF GOVERNMENTAL ACTIVITIES (page 23) $ 1,080,531 City of Oakland Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position for Governmental Activities June 30, 2025 (In thousands) The notes to the basic financial statements are an integral part of this statement. 26