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

General Fund Federal/ State Grant Fund Low and Moderate Income Housing Asset Fund Municipal Capital Improvement Fund Other Special Revenue Fund Other Govern- mental Funds Total REVENUES Taxes: Property $ 403,829 $ — $ — $ — $ 22,672 $ 49,046 $ 475,547 Sales and use 59,999 — — — — 34,093 94,092 Motor vehicle in-lieu 683 — — — — — 683 Gas — — — — — 23,690 23,690 Local taxes 342,044 150 — — 141,915 19,528 503,637 Licenses and permits 1,516 — — — 30,138 42 31,696 Fines and penalties 23,686 94 — — 3,502 775 28,057 Interest and investment income 28,880 2,891 2,429 16,728 12,590 5,953 69,471 Charges for services 91,660 201 — 5,536 40,511 141 138,049 Federal and state grants and subventions 3,590 212,219 — — 1,224 4,452 221,485 Other 22,890 — 1,230 — — 2,087 26,207 TOTAL REVENUES 978,777 215,555 3,659 22,264 252,552 139,807 1,612,614 EXPENDITURES Current: General government 150,456 20,221 — 10,815 62,994 4,953 249,439 Public safety 534,937 15,795 — 447 30,198 — 581,377 Community and human services 55,909 76,447 10 60 83,529 13,708 229,663 Community and economic development 42,819 68,092 13,003 48,274 57,086 181 229,455 Public works and transportation 35,105 11,994 — 9,311 42,925 64,358 163,693 Capital outlay 4,610 33,563 — 56,374 5,079 11,237 110,863 Debt service: Principal repayment 1,763 404 — — 630 88,273 91,070 Interest charges 349 — — — 15 31,936 32,300 TOTAL EXPENDITURES 825,948 226,516 13,013 125,281 282,456 214,646 1,687,860 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 152,829 (10,961) (9,354) (103,017) (29,904) (74,839) (75,246) OTHER FINANCING SOURCES (USES) Transfers in 10,559 — — — 23,565 60,455 94,579 Transfers out (82,242) — — (432) (1,535) (2,409) (86,618) TOTAL OTHER FINANCING SOURCES (USES) (71,683) — — (432) 22,030 58,046 7,961 NET CHANGE IN FUND BALANCES 81,146 (10,961) (9,354) (103,449) (7,874) (16,793) (67,285) Fund balances - beginning 641,669 (17,437) 61,195 461,691 240,504 126,903 1,514,525 Cumulative effect of accounting change 199,903 — — — — — 199,903 Fund balances - beginning, as restated 841,572 (17,437) 61,195 461,691 240,504 126,903 1,714,428 FUND BALANCES - ENDING $ 922,718 $ (28,398) $ 51,841 $ 358,242 $ 232,630 $ 110,110 $ 1,647,143 City of Oakland Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds Year Ended June 30, 2025 (In Thousands) The notes to the basic financial statements are an integral part of this statement. 27