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

Net change in fund balances - total governmental funds (page 27) $ (67,285) Amounts reported for governmental activities in the statement of activities are different due to the following: Government funds report capital outlays as expenditures. However, in the statement of activities, the cost of those assets is allocated over their estimated lives and reported as depreciation expense. Primary government: Capital asset acquisition 152,038 Capital asset retirement (10) Depreciation/amortization (80,607) 71,421 Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds. This represents the change in the deferred inflows during the current period 145,052 Some expenses such as claims, workers' compensation, and vacation and sick leave reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds. (12,792) The repayment of principal of long-term debt consumes the current financial resources of the governmental funds. This is the amount by which principal retirement reduces the liabilities in the statement of net position. 91,070 Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the government funds. Amortization of bond premiums and discounts 2,548 Amortization of deferred outflows of refunding losses and inflows of refunding gains (1,004) Changes in accrued interest on bonds and notes payable 2,660 Changes in Coliseum Authority pledged obligation 1,177 Changes in mandated environmental remediation obligations 166 Change in net pension liability and deferred outflows and inflows of resources related to pensions (31,308) Change in net OPEB liability and deferred outflows and inflows of resources related to OPEB 26,483 722 Net revenues of activities of internal service funds are reported with governmental activities (18,215) CHANGES IN NET POSITION OF GOVERNMENTAL ACTIVITIES (page 24) $ 209,973 City of Oakland Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities of Governmental Activities Year Ended June 30, 2025 (In thousands) The notes to the basic financial statements are an integral part of this statement. 28