City of Edmond Annual Comprehensive Financial Report 2020 by City of Edmond

CITY OF EDMOND, OKLAHOMA ABSOLUTELY POSITIVELY EDMOND

COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2020

CITY OF EDMOND, OKLAHOMA COMPREHENSIVE ANNUAL FINANCIAL REPORT AND ACCOMPANYING INDEPENDENT AUDITOR’S REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2020

Prepared by: Financial Services Department Kathy Panas Finance Director

CITY OF EDMOND, OKLAHOMA COMPREHENSIVE ANNUAL FINANCIAL REPORT AND ACCOMPANYING INDEPENDENT AUDITOR’S REPORT For the fiscal year ended June 30, 2020 TABLE OF CONTENTS

Page INTRODUCTION SECTION: Letter of Transmittal

1-4

List of Principal Officials

City Governmental Organization Chart

Certificate of Achievement for Excellence in Financial Reporting

FINANCIAL SECTION: INDEPENDENT AUDITOR’S REPORT

9-10

MANAGEMENT DISCUSSION AND ANALYSIS

11-27

BASIC FINANCIAL STATEMENTS: Statement of Net Position

Statement of Activities

Balance Sheet – Governmental Funds

31-32

Statement of Revenues, Expenditures and Changes In Fund Balance – Governmental Funds

33-34

Statement of Net Position – Proprietary Funds

Statement of Revenues, Expenses and Changes In Fund Net Position– Proprietary Funds

Statement of Cash Flows – Proprietary Funds

Statement of Fiduciary Net Position – Fiduciary Funds

Statement of Changes in Fiduciary Net Position – Fiduciary Funds

Notes to Basic Financial Statements

41-87

CITY OF EDMOND, OKLAHOMA COMPREHENSIVE ANNUAL FINANCIAL REPORT AND ACCOMPANYING INDEPENDENT AUDITOR’S REPORT For the fiscal year ended June 30, 2020 TABLE OF CONTENTS Page REQUIRED SUPPLEMENTARY INFORMATION: Budgetary Comparison Schedule –(Non-GAAP Budgetary Basis) - General Fund

89-91

Budgetary Comparison Schedule- (Non-GAAP Budgetary Basis) – Major Special Revenue Funds

92-93

Notes to Budgetary Comparison Schedules

94-95

Schedule of Share of Net Pension Liability (Asset) – Police Pension & Schedule of City Contributions – Police Pension & Retirement System

Schedule of Share of Net Pension Liability – Firefighter’s System & Schedule of City Contributions – Firefighter’s Pension & Retirement

Single-Employer Defined Benefit Schedule of Changes in Net Pension Liability and Related Ratios

Pension Fund Schedule of City’s Contributions-Last Ten Years

Pension Fund Schedule of Investment Returns

100

OPEB Schedule

101

OTHER SUPPLEMENTARY INFORMATION: GENERAL FUND COMBINING SCHEDULES: General Fund Account Descriptions

103

Combining Balance Sheet – General Fund Accounts

104

Combining Schedule of Revenues, Expenditures and Changes in Fund Balance – General Fund Accounts

105

Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Non-GAAP Budgetary Basis) – General Fund Accounts

106-107

NONMAJOR GOVERNMENTAL FUNDS: Fund Descriptions

108-109

Combining Balance Sheet – Nonmajor Governmental Funds

110-111

Combining Statement of Revenues, Expenditures and Changes in Fund Balance – Nonmajor Governmental Funds

112-113

CITY OF EDMOND, OKLAHOMA COMPREHENSIVE ANNUAL FINANCIAL REPORT AND ACCOMPANYING INDEPENDENT AUDITOR’S REPORT For the fiscal year ended June 30, 2020 TABLE OF CONTENTS Page Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Non-GAAP Budgetary Basis) - Nonmajor Governmental Funds

114-121

Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Non-GAAP Budgetary Basis) - Major Governmental Capital Project Funds

122

NONMAJOR ENTERPRISE FUNDS: Fund Descriptions

123

Combining Statement of Net Position – Nonmajor Enterprise Funds

124

Combining Statement of Revenues, Expenses and Changes In Fund Net Position – Nonmajor Enterprise Funds

125

Combining Statement of Cash Flows – Nonmajor Enterprise Funds

126

INTERNAL SERVICE FUNDS: Fund Descriptions

127

Combining Statement of Net Position - Internal Service Funds

128

Combining Statement of Revenues, Expenses and Changes in Fund Net Position – Internal Service Funds

129

Combining Statement of Cash Flows – Internal Service Funds

130

AGENCY FUNDS: Fund Descriptions

131

Combining Statement of Fiduciary Assets and Liabilities - Agency Funds

132

Combining Statement of Changes in Assets and Liabilities - Agency Funds

132

REVENUE BOND/NOTE COVENANT SCHEDULES: Schedule Descriptions

133

Schedule of Revenue Bond/Note Debt Service Coverage

134

Schedule of Reserve Account Balances

135

iii

CITY OF EDMOND, OKLAHOMA COMPREHENSIVE ANNUAL FINANCIAL REPORT AND ACCOMPANYING INDEPENDENT AUDITOR’S REPORT For the fiscal year ended June 30, 2020 TABLE OF CONTENTS Page DISCRETELY PRESENTED COMPONENT UNIT: Fund Description

136

Balance Sheet – Discretely Presented Component Unit

137

Statement of Revenues, Expenditures, and Changes in Fund Balance – Discretely Presented Component Unit

138

STATISTICAL SECTION: Statistical Section Narrative

Table 139

Net Position by Component - Last Ten Fiscal Years

140

Changes in Net Position - Last Ten Fiscal Years

141-142

Fund Balances, Governmental Funds – Last Ten Fiscal Years

143

Changes in Fund Balances, Governmental Funds – Last Ten Fiscal Years

144

Governmental Activities Tax Revenues by Source – Last Ten Fiscal Years

145

Electricity Revenue by Customer Type - Last Ten Fiscal Years

146

Top Ten Electric Customers – Last Ten Years

147

Electricity Rate Structure – Last Ten Fiscal Years

148-152

Historical Utility Customers – Last Ten Fiscal Years

153

Largest Water and Wastewater Customers

154

Sales Tax Rates of Direct and Overlapping Governments – Last Ten Fiscal Years

155

Taxable Sales by Category - Last Ten Fiscal Years

156

Monthly Sales Tax Revenue Comparison – Last Three Fiscal Years

157

Historical Sales Tax Revenue – Last Ten Fiscal Years

158

Ratio for Outstanding Debt by Type – Last Ten Fiscal Years

159

Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt per Capita – Last Ten Fiscal Years

160

CITY OF EDMOND, OKLAHOMA COMPREHENSIVE ANNUAL FINANCIAL REPORT AND ACCOMPANYING INDEPENDENT AUDITOR’S REPORT For the fiscal year ended June 30, 2020 TABLE OF CONTENTS STATISTICAL SECTION:

Table

Page

Computation of Direct and Overlapping Debt

161

Legal Debt Margin Information – Last Ten Fiscal Years

162

The Edmond Public Works Authority Utility Systems Division Pledged Revenue Coverage – Last Ten Fiscal Years

163

Demographic and Economic Statistics – Last Ten Calendar Years

164

Principal Employers – Current and Ten Years Ago

165

Full-Time Equivalent Budgeted City Government Employees by Function/Program – Last Ten Fiscal Years

166

Capital Asset Statistics by Function/Program – Last Ten Fiscal Years

167

Operation Indicators by Function/Program – Last Ten Fiscal Years

168

Construction Permits – Last Ten Fiscal Years

169

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INTRODUCTION SECTION

CITY OF EDMOND, OKLAHOMA PRINCIPAL OFFICIALS AND FINANCE COMMITTEE MEMBERS JUNE 30, 2020 ELECTED OFFICIALS Dan O’Neil David Chapman Josh Moore Darrell Davis Nick Massey

Mayor Councilmember-Ward 1 Councilmember-Ward 2 Councilmember-Ward 3 Councilmember-Ward 4 FINANCE COMMITTEE MEMBERS

Stephen Schaus Nick Massey Dan O’Neil

Chairperson Member Member ADMINISTRATION

Larry Stevens Stephen Murdock Stephen Schaus Steve Commons Jim Smith Cinda Covel Chris Goodwin J.D. Younger Lisa Goodpasture Diane L. Slayton

City Manager City Attorney City Treasurer Assistant City Manager-Administration Assistant City Manager-Operations City Clerk Fire Chief Police Chief Human Resource Director Municipal Judge FINANCE STAFF

Kathy Panas William Weaver Sheila Briesch Brenda Mayer

Finance Director Assistant Finance Director Controller Purchasing Manager

THIS PAGE INTENTIONALLY LEFT BLANK

INDEPENDENT AUDITOR’S REPORT

The Honorable Mayor and the Members of the City Council of the City of Edmond, OK Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City of Edmond, Oklahoma, (the “City”) as of and for the year ended June 30, 2020, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Governmental Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, the aggregate discretely presented

309 N. Bryant Ave. • Edmond, OK 73034 • 405.348.0615 • Fax 405.348.0931 • www.jmacpas.com Member of AICPA and OSCPA 9

component units, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2020, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison information, and the pension plan and other post-employment benefit schedules, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The introductory section, other supplementary information, and statistical section are presented for purposes of additional analysis and are not a required part of the basic financial statements. The other supplementary information, as listed in the table of contents, is the responsibility of management and was derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the other supplementary information is fairly stated, in all material respects, in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 18, 2020, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

Arledge & Associates, P.C. December 18, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

Our discussion and analysis of the City of Edmond’s financial performance provides an overview of the City’s financial activities for the fiscal year ended June 30, 2020. Please read it in conjunction with the City’s financial statements, which follow this section. FINANCIAL HIGHLIGHTS  For the fiscal year ended June 30, 2020, the City’s total net position increased by $61 million.  The City recorded derivative instruments of $682,213 and $347,457 in the governmental and business-type activities, respectively. The derivative instruments are offset by deferred inflows.  The City also recorded combined net pension liabilities of $67,531,755 for the year related to the Oklahoma Police Pension and Retirement System, the Oklahoma Fire Fighters Pension and Retirement System and the City’s Employee Pension and Retirement System.  During the year, the City’s expenses for governmental activities were $99.1 million and were funded by program revenues of $26.6 million and further funded with taxes and other general revenues and transfers that totaled $100.4 million.  In the City’s business-type activities, such as utilities, lake, golf course, and transportation operations, program revenues exceeded expenses by $37.9 million.  At June 30, 2020, the General Fund reported an unassigned fund balance of $7.4 million.  For budgetary reporting purposes, the General Fund and major special revenue funds reported actual revenues above estimates of $5.0 million or 6.0%, while expenditures were under the final appropriations by $6.3 million or 9.98%. OVERVIEW OF THE FINANCIAL STATEMENTS The financial statements presented herein include all of the activities of the City of Edmond (the “City”) and its component units using the integrated approach as prescribed by GASB Statements No. 14, 34, 39, and 61. Included in this report are governmental-wide statements for each of two categories of activities – governmental and business-type, along with two discretely-presented component units. The government wide financial statements present the complete financial picture of the City from the economic resources measurement focus using the accrual basis of accounting. They present governmental activities and business type activities separately and combined. These statements include all assets of the City (including infrastructure capital assets) and deferred outflows as well as all liabilities (including all long-term debt) and deferred inflows. Reporting the City as a Whole The Statement of Net Position and the Statement of Activities One of the most frequently asked questions about the City’s finances is, “Has the City’s overall financial condition improved, declined or remained steady over the past year?” The Statement of Net Position and the Statement of Activities report information about the City as a whole and about its activities in a way that helps answer this question. These statements include all assets, deferred outflows, liabilities, and deferred inflows using the accrual basis of accounting, which is similar to the accounting used by the private-sector companies. All of the current period’s revenues and expenses are taken into account regardless of when cash is received or paid. These two government-wide statements report the City’s net position and changes in them from the prior year. You can think of the City’s net position – the difference between assets, deferred outflows, liabilities,

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

and deferred inflows – as one way to measure the City’s financial condition. Over time, increases or decreases in the City’s net position are one indicator of whether its financial health is improving, deteriorating, or remaining steady. However, you must consider other nonfinancial factors, such as changes in the City’s sales tax base, the condition of the City’s roads, and the quality of services to assess the overall health and performance of the City. As mentioned above, in the Statement of Net Position and the Statement of Activities, we divide the City into three kinds of activities: 

Governmental activities -- Most of the City’s basic services are reported here, including the police, fire, general administration, streets, and parks. Sales taxes, franchise fees, fines, and state and federal grants finance most of these activities.



Business-type activities -- The City charges a fee to customers to help cover all or most of the cost of certain services it provides. The City’s electric, water, wastewater, sanitation, lake, drainage, and golf course activities are reported here.



Discretely-presented component units – These account for activities of the City’s reporting entity that do not meet the criteria for blending, specifically the Historic Preservation Trust and the Edmond Economic Development Authority.

Reporting the City’s Most Significant Funds Fund Financial Statements The fund financial statements provide detailed information about the most significant funds – not the City as a whole. Some funds are required to be established by State law and by bond covenants. However, management establishes many other funds to help it control and manage money for particular purposes or to show that it is meeting legal responsibilities for using certain taxes, grants and other money. The City’s three fund categories-governmental, and proprietary, and fiduciary use different accounting approaches. Governmental funds - Most of the City’s basic services are reported in governmental funds, which focus on how money flows into and out of those funds and the balances left at year-end that are available for spending. These funds are reported using an accounting method called modified accrual accounting, which measures cash and all other financial assets that can readily be converted to cash. The governmental fund statements provide a detailed short-term view of the City’s general government operations and the basic service it provides. Governmental fund information helps determine whether there are more or fewer financial resources that can be spent in the near future to finance the City’s programs. We illustrate the relationship (or differences) between governmental activities (reported in the Statement of Net Position and the Statement of Activities) and the governmental funds with reconciliation at the bottom of the fund financial statements. Proprietary funds - When the City charges customers for the services it provides – whether to outside customers or to other units of the City – these services are generally reported in proprietary funds. Proprietary funds are reported in the same way that all activities are reported in the Statement of Net Position, the Statement of Revenues, Expenses and Changes in Fund Net Position and Statement of Cash Flows. In fact, the City’s enterprise funds are the essentially the same as the business-type activities we

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

report in the government-wide statements but provide more detail and additional information, such as cash flows.

Fiduciary funds - When the City is responsible for assets that – because of a trust arrangement or other fiduciary requirement – can be used only for trust beneficiaries or others parties, these activities are reported as fiduciary funds, such as the Employee Retirement Trust Fund. The City is responsible for ensuring that the assets reported in these funds are used for their intended purpose. All of the City’s fiduciary activities are reported in a separate statement of fiduciary net position and a statement of changes in fiduciary net position. We exclude these activities from the City’s government-wide financial statements because the City cannot use these assets to finance operations. A FINANCIAL ANALYSIS OF THE CITY AS A WHOLE Net Position As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. In the case of the City, assets and deferred outflows exceeded liabilities and deferred inflows by $816,757,525 at the close of the most recent fiscal year. TABLE 1 NET POSITION (In Thousands)

Governmental Activities 2020 2019

% Inc. (Dec.)

Business‐Type Activities 2020 2019

% Inc. (Dec.)

Total 2020

2019

Current assets Capital assets, net Other non‐current assets Total assets

$ 124,879 340,545 8,801 474,225

$ 103,944 337,501 10,553 451,998

20% 1% ‐17% 5%

$ 241,194 450,143 43,106 734,443

$ 292,998 379,402 39,143 711,543

‐18% 19% 10% 3%

$ 366,073 790,688 51,907 1,208,668

$ 396,942 716,903 49,696 1,163,541

‐8% 10% 4% 4%

Deferred Outflows

23,856

21,603

10%

3,565

2,887

23%

27,421

24,490

12%

Current liabilities Non‐current liabilities Total liabilities

28,451 93,816 122,267

28,885 97,543 126,428

‐2% ‐4% ‐3%

30,138 258,427 288,565

37,123 261,124 298,247

‐19% ‐1% ‐3%

58,589 352,243 410,832

66,008 358,667 424,675

‐11% ‐2% ‐3%

Deferred Inflows

7,847

7,213

654

706

‐7%

8,501

7,919

Net position Net investment in capital assets Restricted Unrestricted (deficit)

313,549 72,384 (17,966)

302,959 54,830 (17,830)

3% 32% 1%

236,841 24,019 187,930

230,309 23,727 161,441

3% 1% 16%

550,390 96,403 169,964

533,268 78,557 143,611

3% 23% 18%

Total net position

$ 367,967

$ 339,959

$ 448,790

$ 415,477

$ 816,757

$ 755,436

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

Net Position (in Thousands) $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Governmental $235,828 $248,599 $273,750 $294,918 $271,156 $287,017 $302,954 $321,689 $339,959 $367,967 Business Type $202,648 $214,648 $229,461 $244,283 $273,388 $313,588 $349,994 $383,776 $415,477 $448,790

The largest portion of the City’s net position reflects its net investment in capital assets (e.g., land, buildings, machinery, and equipment); less any related debt used to acquire those assets that is still outstanding. For 2020, this net investment in capital assets amounted to $550,390,124. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. A major portion of the City’s net position, $96,403,308, also represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position, $169,964,093, may be used to meet the government’s ongoing obligations to citizens and creditors. At the end of the current fiscal year, the City is able to report positive balances in all categories of net position, both for the government as a whole, as well as for its separate governmental and business-type activities with the exception of governmental unrestricted net position which had a deficit balance of $17,966,287. Changes in Net Position For the year ended June 30, 2020, net position of the primary government changed as follows:

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

TABLE 2 CHANGES IN NET POSITION (In Thousands)

Governmental Activities 2020

2019

$ 10,617 13,179 2,831

$ 11,071 7,143 4,334

84,827 1,176 2,308 1,185

Total Revenues

% Inc. (Dec.)

Business‐Type Activities 2020

2019

‐4% 85% ‐35%

$ 164,082 1,453 2,911

$ 154,180 681 4,291

81,013 1,016 2,159 871

5% 16% 7% 36%

‐ ‐ 6,322 ‐

116,123

107,607

Expenses General Government Public Safety Streets & highways Culture, parks and recreation Health and welfare Interest on long‐term debt Electric Water Wastewater Sanitation Lake Drainage Golf Course Cooperative purchasing service Transportation operations

12,991 58,007 17,457 8,050 1,638 914 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

8,173 49,828 16,598 14,773 1,618 1,160 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

59% 16% 5% ‐46% 1% ‐21%

Total Expenses Excess before transfers Transfers Increase in net position Beginning net position Ending net position

99,057 17,066 10,942 28,008 339,959 $ 367,967

92,150 15,457 2,813 18,270 321,689 $ 339,959

7% 10% 289% 53%

Revenues Program revenue: Charges for service Operating grants and contributions Capital grants and contributions General Revenue: Taxes Intergovernmental revenue Investment income Miscellaneous

% Inc. (Dec.)

Total 2020

2018

6% 113% ‐32%

$ 174,699 14,632 5,742

$ 165,251 7,824 8,625

6% 87% ‐33%

‐ ‐ 8,823 18

0% 0% ‐28% ‐100%

84,827 1,176 8,630 1,185

81,013 1,016 10,982 889

5% 16% ‐21% 33%

174,768

167,993

290,891

275,600

‐ ‐ ‐ ‐ ‐ ‐ 77,298 21,231 17,041 8,288 1,629 868 2,058 54 2,046

‐ ‐ ‐ ‐ ‐ ‐ 82,238 20,437 16,641 7,869 1,517 876 1,989 52 1,860

‐6% 4% 2% 5% 7% ‐1% 3% 4% 10%

12,991 58,007 17,457 8,050 1,638 914 77,298 21,231 17,041 8,288 1,629 868 2,058 54 2,046

8,173 49,828 16,598 14,773 1,618 1,160 82,238 20,437 16,641 7,869 1,517 876 1,989 52 1,860

59% 16% 5% ‐46% 1% ‐21% ‐6% 4% 2% 5% 7% ‐1% 3% 4% 10%

130,513 44,255 (10,942) 33,313 415,477 $ 448,790

133,479 34,514 (2,813) 31,701 383,776 $ 415,477

229,570 61,321 ‐ 61,321 755,436 $ 816,757

225,629 49,971 ‐ 49,971 705,465 $ 755,436

‐2% 28% 289% 5%

2% 23% ‐ 23%

The City’s governmental activities’ increase in net position of $28.0 million represents a 53% increase from the prior year’s change in net position and is primarily the result of an increase operating grants and contributions related to donations and CARES Act Grant funding and an increase in transfers from other funds. The increase in transfers is due to an increase in the transfer of pledged revenue and an increase in transfer of funds for capital projects. The business-type activities’ increase in net position of $33.3 million represents a 5% increase from the prior year’s change in net position which is largely attributable to the decrease in expenses. The results indicate the City, as a whole, experienced an increase in total net position of $61 million which was a combination of overall expenses staying relatively in line with revenue collections. Governmental Activities To aid in the understanding of the Statement of Activities some additional explanation is given. Of particular interest is the format that is significantly different than a typical Statement of Revenues, Expenses, and Changes in Fund Balance. You will notice that expenses are listed in the first column with revenues from that particular program reported to the right. The result is a Net (Expense)/Revenue. The reason for this kind of format is to highlight the relative financial burden of each of the functions on the City’s taxpayers. It also identifies how much each function draws from the general revenues or if it is selffinancing through fees and grants or contributions. All other governmental revenues are reported as general. It is important to note all taxes are classified as general revenue even if restricted for a specific purpose.

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

For the year ended June 30, 2020, the City’s governmental activities were funded as follows:

Governmental Activities Uses 2% 1%

Public Safety General Government

18%

Culture, parks and recreation Streets and Highways

8% 58%

13%

Health and Welfare Interest on Long‐Term Debt

Governmental Activities Sources 3% 14%

Sales Tax Other Taxes

Charges for Service 2%

Grants 72%

Other

For the year ended June 30, 2020, total expenses for governmental activities amounted to $99.1 million. Of these total expenses, taxes, net transfers and other general revenues funded $100.4 million, while those directly benefiting from the program funded $16 million in grants and other contributions and $10.6 million from charges for services. Besides an increase in sales tax other notable changes for governmental activities include an increase in expenses related to general government operations.

Governmental-type Activities

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

TABLE 3 Net Revenue (Expense) of Governmental Activities (In Thousands) Net Revenue (Expense) % Inc. Total Expense of Services of Services (Dec.) 2020 2019 2020 2019 General Government $ 12,991 $ 8,173 59% $ (4,194) $ 879 Public Safety 58,007 49,828 16% (45,312) (42,886) Streets & Highways 17,457 16,598 5% (14,824) (11,170) Culture, parks and recreation 8,050 14,773 ‐46% (6,433) (14,519) Health and Welfare 1,638 1,618 1% (755) (746) Interest on long‐term debt 914 1,160 ‐21% (913) (1,160) TOTAL

$ 99,057

$ 92,150

$ (72,431)

% Inc. (Dec.) ‐577% 6% 33% ‐56% 1% ‐21%

$ (69,602)

Business-type Activities

Electric Water Wastewater Sanitation Lake Drainage Golf Cooperative purchasing services Transportation

TABLE 4 Net Revenue (Expense) of Business‐Type Activities (In Thousands) % Inc. Net Revenue (Expense) of (Dec.) Total Expense of Services Services 2020 2019 2020 2019 $ 77,298 $ 82,238 ‐6% $ 18,151 $ 10,542 21,231 20,437 4% 12,654 8,323 17,041 16,641 2% 4,591 5,105 8,288 7,869 5% 2,390 2,435 1,629 1,517 7% (280) (632) 868 876 ‐1% 1,009 1,010 2,058 1,989 3% (195) (129) 54 52 4% 31 41 2,046 1,860 10% (417) (1,022)

TOTAL

$ 130,513

$ 133,479

‐2%

$ 37,934

% Inc. (Dec.)

$ 25,673

The City’s business-type activities include utility services, lake and golf course operations, the operative purchasing program and operations of the transit system. In reviewing the business-type activities net (expense)/revenue, the following highlights should be noted: 

Total business-type activities reported net revenues of $37.9 million for the year ended June 30, 2020.

72% 52% ‐10% ‐2% ‐56% 0% 51% ‐24% ‐59%

48%

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020



All individual activities reported net revenue for the year ended June 30, 2020 with the exception of lake, golf and transportation operations.

A FINANCIAL ANALYSIS OF THE CITY’S FUNDS As the City completed its 2020 fiscal year, the governmental funds reported a combined total fund balance of $91.7 million or a 24.2% increase from 2019. The enterprise funds reported combined total net position of $438.1 million or a 7.9% increase from 2019. The fund balance constraints and net position restrictions are listed below: Governmental Funds: Fund Balance: Restricted

Committed

70,415,164 83,452

Assigned

13,894,143 Total Fund Balance Constraints

84,392,759

24,114,762

Enterprise Funds: Net Position Restrictions: Restricted for debt service

Restricted for scholarships

24,018,937 1,601

Restricted for economic development

94,224

Total Enterprise Fund Net Position Restrictions

Other fund highlights include:  For the year ended June 30, 2020, the General Fund’s total fund balance decreased by $292,872 due to a slight increase in expenditures and transfers out.  The 2000 Capital Improvement Tax Fund’s total fund balance increased by $7,086,808 due to an increase in transfers in from other funds.  The Fire Public Safety Limited Tax Fund’s total fund balance increased by $2,190,900 due to an increase in transfers in.  The Police Public Safety Limited Tax Fund’s total fund balance increased by $1,990,104 due to an increase in transfers in.  All enterprise funds reported an increase in net position, after transfers, for the year ended June 30, 2020 with the exception of lake and golf. In each of the enterprise funds mentioned above, charges for services covered operational costs with the exception of Lake and golf.  The employee pension trust fund posted a decrease in net position of the fund of 1.5 million. The decrease is due to a decrease in the investment yields in the market. General Fund Budgetary Highlights Over the course of the year, the City Council revised the General Fund budget various times. Actual revenues and transfers were above final estimates by $3,878,189 or 5.02% which was a result of an increase in sales and use tax collections, while expenditures and transfers were under final appropriations by $2,804,203 or 3.32%.

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

CAPITAL ASSET AND DEBT ADMINISTRATION Capital Assets At the end of June 30, 2020, the City had $791 million invested in capital assets, net of depreciation, including police and fire equipment, buildings, park facilities, water lines and sewer lines. (See table below). This represents a net increase of $73.8 million or 10.3% over last year. TABLE 5 Primary Government Capital Assets (In Thousands) (Net of accumulated depreciation) Governmental Activities

Business‐Type Activities

Total

Land Buildings Imp. Other than buildings Equipment Intangible water rights Utility property Infrastructure Construction in progress

2020 $ 17,743 82,956 20,664 28,152 ‐ ‐ 169,549 21,481

2019 $ 17,743 81,650 21,640 25,518 ‐ ‐ 158,355 32,595

2020 $ 2,571 23,744 9,356 3,750 11,617 177,376 ‐ 221,730

2019 $ 2,571 18,579 9,495 3,929 12,261 167,573 ‐ 164,995

2020 $ 20,314 106,700 30,020 31,902 11,617 177,376 169,549 243,211

2019 $ 20,314 100,229 31,135 29,447 12,261 167,573 158,355 197,590

Totals

$ 340,545

$ 337,501

$ 450,144

$ 379,403

$ 790,689

$ 716,904

This year’s more significant capital asset additions included: $6.8M $15.6M $79.7M $4.9M $3.4M $10.0M

Electric Utility improvements Water Utility improvements Wastewater Utility improvements Fleet improvements Parks improvements Street improvements

See Note 3.D. to the financial statements for more detail information on the City’s capital assets and changes therein.

Long- Term Debt

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

At year-end, the City had $268 million in long-term debt outstanding which represents an decrease of $10 million or 4.0% from the prior year. The City’s changes in long-term debt by type of debt are as follows: Primary Government Long‐Term Debt (In Thousands)

Governmental Activities

Business‐Type Activities

Total Percentage Change

Total

2020

2019

2020

2019

2020

2019

Accrued absences Revenue bonds Notes payable Capital lease

$ 4,668 28,406 ‐ ‐

$ 4,322 35,601 ‐ ‐

$ 860 216,044 17,742 ‐

$ 832 222,557 14,288 5

$ 5,528 244,450 17,742 ‐

$ 5,154 258,158 14,288 5

7% ‐5% 24% ‐100%

Totals

$ 33,074

$ 39,923

$ 234,646

$ 237,682

$ 267,720

$ 277,605

‐4%

See Note 3.E. to the financial statements for more detail information on the City’s long-term debt and changes therein. ECONOMIC FACTORS AND NEXT YEAR’S BUDGET AND RATES State of Oklahoma – Conditions/Projections Combined gross receipts for the past 12 months (December 2019 through November 2020) showed gross revenue totals of $13.2 billion which is $496.3 million, or 3.6 percent below collections from the previous 12-month period. The medical marijuana industry is growing with $54.5 million generated in taxes, up by 33.2 million or 156.7 percent from prior period collections of $21.2 million. Per the November 2020 Economic Report from the Oklahoma State Treasurer’s office, since November of 2018, oil prices are down 30 percent and natural gas prices are down more than 35 percent. The number of active rigs has dropped by more than 90 percent, from 148 to only 13. The Oklahoma energy industry has lost more than 20,000 jobs and employment levels are down by almost 40 percent in the past two years. Oklahoma’s economic slowdown started with reduced oil field activity several months prior to the COVID-19 virus outbreak. This diminished oil field activity is having a significant impact on the Oklahoma economy. The pandemic continues to be a major challenge for both the health and financial wellbeing of Oklahomans. The unemployment rate in Oklahoma rose to 6.1 percent in October. The seasonally adjusted number of Oklahomans listed as jobless was reported as 114,400. The U.S. unemployment rate was 6.9 percent in October.

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

In large part due to the negative impact of the decline in the energy industry in Oklahoma, the Oklahoma Business Conditions Index in November fell below growth neutral after indicating growth for five consecutive months. The November index was set at 49.4, down from 61.1 in October. Numbers below 50 suggest economic contraction is expected during the next three to six months. Per the Oklahoma Office of Management and Enterprise Services (OMES) Executive Director Steven Harpe: “While year-to-date collections to the General Revenue Fund remain above initial estimates, it is vital that we continue to remain cautious in our outlook for the remainder of the fiscal year, October was the first month this year to see fewer personal income tax collections brought in than the previous year. This is a strong indication of potentially decreasing personal income tax collections while Oklahoma recovers from high unemployment numbers earlier this year without the injection of federal stimulus and unemployment benefits.” City of Edmond Economic Highlights: Local Sales and Use Tax City sales and use tax collections are the main source of revenue for the general operations of the City of Edmond. Following are summaries of collections committed to the General Fund by type for the FY 19-20 and year to date (YTD) for FY 20-21. Sales Tax: Sales tax collections for FY 19-20 were up, ending the fiscal year at an overall net increase of 4.15% over the prior year. YTD collections (through November 2020) for FY 20-21 are up from FY 19-20 by 4.18%. The COVID-19 pandemic has had a positive impact on our local sales tax revenue as we have seen more people working from home and shopping locally.

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

GENERAL SALES TAX COLLECTIONS DATA Year-to-Date Comparison MONTHS

FY 17-18 Actuals

% Change from previous year

NOVEMBER '19 DECEMBER $2,839,485 JANUARY $3,020,027 FEBRUARY $2,989,954 MARCH $2,668,823 APRIL $2,593,891 MAY $2,971,490 JUNE $2,835,549 JULY $2,944,980 AUGUST $2,878,919 SEPTEMBER $2,919,101 OCTOBER $2,944,350 NOVEMBER '20 $2,844,446 TOTAL $34,451,015

Series1

FY 18-19 Actuals

FY 19-20 Actuals

$2,966,605 $3,198,525 $3,101,447 $2,718,985 $2,812,807 $3,194,367 $3,152,644 $3,104,384 $2,978,302 $3,090,389 $3,154,675 $2,831,629 $36,304,759

$3,297,490 $3,275,486 $3,328,503 $2,850,827 $2,833,415 $3,095,772 $2,939,865 $3,229,310 $3,195,713 $3,229,060 $3,389,912 $3,146,192 $37,811,545

FY 20-21 Actuals

YTD Change % Change (FY 20-21)

$3,353,130 $3,460,518 $3,309,487 $3,407,002 $3,336,648 $16,866,786

11.11% 11.15% 2.41% 7.32% 4.85% 0.73% ‐3.09% ‐6.75% 3.83% 8.29% 2.49% 0.50% 6.05%

Cumulative YTD Change 4.18%

SALES TAX COLLECTIONS 11.11%

11.15% 8.29%

7.32%

6.05%

4.85% 2.41%

3.83%

2.49%

0.73%

0.50%

‐3.09% ‐6.75% NOVEMBER DECEMBER '19 11.11%

11.15%

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

2.41%

7.32%

4.85%

0.73%

‐3.09%

‐6.75%

3.83%

8.29%

SEPTEMBER OCTOBER 2.49%

0.50%

NOVEMBER '20 6.05%

Months Use Tax: Use tax collections for FY 19-20 were strong, ending the fiscal year at an overall net increase of 12.70% over the prior year. YTD collections (through November 2020) for FY 20-21 are up from FY 19-20 by 19.10%. As the COVID-19 pandemic has continued and we have seen less personal contact and more social distancing recommendations implemented, we have seen an increase in use tax due to online shopping that has replaced in-person shopping.

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

USE TAX COLLECTIONS DATA Year-to-Date Comparison MONTHS

FY 18-19 Actuals

FY 19-20 Actuals

FY 20-21 Actuals

NOVEMBER '19 DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER '20 TOTAL

$656,377 $952,689 $1,145,605 $742,243 $633,544 $837,047 $744,223 $573,813 $537,612 $615,283 $899,664 $970,356 $9,308,456

$926,125 $902,208 $1,250,187 $551,666 $773,912 $1,004,170 $878,056 $804,325 $814,663 $815,094 $921,020 $849,354 $10,490,781

YTD Change % Change (FY 20-21) ‐12.47% 41.10% ‐5.30% 9.13% ‐25.68% 22.16% 19.97% 17.98% 24.47% 20.88% 26.23% 13.22% 11.82%

$1,001,181 $984,767 $1,028,897 $1,042,774 $949,710 $5,007,329

Cumulative YTD Change 19.10%

% Change from previous year

USE TAX COLLECTIONS 50.00%

41.10%

40.00% 30.00%

22.16%

20.00%

19.97%

17.98%

24.47%

20.88%

26.23%

9.13%

10.00%

13.22%

11.82%

0.00% ‐10.00% ‐20.00% ‐30.00%

Series1

‐5.30%

‐12.47%

‐25.68%

NOVEMBER '19

DECEMBER

JANUARY

FEBRUARY

MARCH

APRIL

‐12.47%

41.10%

‐5.30%

9.13%

‐25.68%

22.16%

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER '20

19.97%

17.98%

24.47%

20.88%

26.23%

13.22%

11.82%

Months

Combined Sales and Use Tax: Combined sales and use tax collections for FY 20-21 were budgeted at a very conservative zero growth projection due to the limited knowledge of the full impact of the COVID-19 pandemic at the time the budget was adopted which was in the very early stages of the pandemic. Combined sales and use tax for FY 19-20 ended with total collections of $48,302,044 which was an overall net increase of 5.9% over the prior year. YTD combined collections (through November 2020) for FY 20-21 are up from FY 19-20 by 7.25%. At the current pace, it appears the City will end FY 20-21 above budgeted levels, however, with the continuing challenge of the COVID-19 pandemic, there is great uncertainty of the final toll the combination of a depressed Oklahoma Energy industry and the pandemic will place on our City.

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

GENERAL SALES & USE TAX COLLECTIONS DATA Year-to-Date Comparison MONTHS

FY 18-19 Actuals

FY 19-20 Actuals

NOVEMBER '19 DECEMBER $3,622,982 JANUARY $4,151,214 FEBRUARY $4,247,052 MARCH $3,461,228 APRIL $3,446,351 MAY $4,031,414 JUNE $3,896,867 JULY $3,678,197 AUGUST $3,515,914 SEPTEMBER $3,705,671 OCTOBER $4,054,339 NOVEMBER '20 $3,801,985 TOTAL $45,613,214

$4,223,615 $4,177,694 $4,578,690 $3,402,493 $3,607,327 $4,099,942 $3,817,921 $4,033,635 $4,010,376 $4,044,154 $4,310,932 $3,995,546 $48,302,326

FY 20-21 Actuals

YTD Change % Change (FY 20-21) 5.09% 16.58% 0.64% 7.81% ‐1.70% 4.67% 1.70% ‐2.03% 7.95% 10.84% 7.28% 3.22% 7.28%

$4,354,310 $4,445,285 $4,338,384 $4,449,776 $4,286,358 $21,874,115

Cumulative YTD Change 7.25%

% Change from previous year

GENERAL SALES & USE TAX COLLECTIONS 20.00%

16.58%

15.00%

10.84% 7.81%

10.00% 5.00%

7.95%

7.28%

4.67%

5.09%

1.70%

0.64%

7.28% 3.22%

0.00% ‐5.00%

Series1

‐1.70%

‐2.03%

NOVEMBER '19

DECEMBER

JANUARY

FEBRUARY

MARCH

APRIL

5.09%

16.58%

0.64%

7.81%

‐1.70%

4.67%

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER '20

1.70%

‐2.03%

7.95%

10.84%

7.28%

3.22%

7.28%

Months

City of Edmond’s FY 20-21 Budget The City FY 20-21 direct cost budget is $321,070,771, a decrease of $18,367,998 or 5.41% from FY 1920. The decrease is primarily due to the conservative growth estimate from the uncertainty of the economic effects of the COVID-19 pandemic. Budget historical highlights: Three sales taxes were approved by voters in 2000. They included designated sales tax to Public Safety and capital projects. The Fire Department receives a quarter-cent tax, the Police department receives a oneeighth-cent tax and capital improvements receive a three-quarter-cent tax. The net result is almost twothirds of the General Fund revenue is automatically allocated to fire and police operations. Edmond total sales tax rate remains at 8.25%. This rate is comprised of 3.75% local tax and 4.5% state tax. Of the four largest cities in the Oklahoma City metro area, Edmond has the lowest combined sales tax rate.

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

In April 2016, voters approved two sales tax extensions through March 31, 2027. A one percent General Fund Sales Tax Extension and a one-half percent Public Safety Center Tax that was extended for Capital Improvements. The City Council created a Capital Improvements Advisory Tax Force to examine the funding of major capital projects. Effective April 1, 2017, a 0.5% sales tax rate began collecting funds for the 2017 Capital Improvement Fund. In October of 2017, the Edmond Public Works Authority (EPWA) issued $167,025,000 in Sales Tax and Utility System Revenue bonds. Improvements to be funded by this project primarily consist of a new Wastewater Treatment Recovery Facility that will allow the City to serve expected growth for a 20-year period and to satisfy permit requirements established by the Oklahoma Department of Environmental Quality. Water and wastewater systems are dealing with the need for significant improvements which are outlined in the Master Plan document which can be found online at the link listed below. http://edmondok.com/DocumentCenter/View/2241 The EPWA has planned the construction of a new water treatment facility at a cost of approximately $200 million. Funding is through the Oklahoma Water Resources Board (OWRB) State Revolving Fund (SRF) program that provides low interest loans to communities. The new facility is intended to eventually allow the City to provide an ample, safe water supply to Edmond residents while no longer relying of the purchase of water from Oklahoma City. Interim plans for additional water wells are in place to supplement the local City water supply. Plans are in place to begin the construction of the new water facility and the drilling of additional wells in the near future. The latest details of City water improvement plans can be found at http://edmondok.com/DocumentCenter/View/5887/Water-System-Master-Plan-Update---June-2020. Capital Improvement Funds: The City has two primary Capital Improvement Funds: the 2000 Capital Improvement Project (CIP) fund and the 2017 Capital Improvement Project (CIP) fund. Recently Completed Projects: The Edmond Railroad Quiet Zone project was completed in December of 2020 at a total cost to the City of approximately $4 million. Trains are no longer required to sound their horn as they pass through the eleven railroad crossings in Edmond city limits. Upgraded medians and improved pedestrian walkways at these crossings also improve their safety. This project was funded by the 2000 CIP fund. The Edmond Center Court was completed in the fall of 2020 at a total cost to the City of approximately $9.5 million ($7 million for construction and $2.5 million for the real estate). This state-of-the-art tennis center was a joint project with the Edmond Public School District which matched funding with up to $9.5 million towards construction expenses. This project produced six indoor and twenty-four outdoor courts that are open for public use and serve the Edmond Public Schools students. This represents our second major partnership project which allowed us to construct a community facility that can be a regional hub for tennis activity. Our first project was a Competition Pool also partnered with the YMCA which resulted in

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

a facility that serves markets well outside of our community. The Tennis Center project was funded by the 2017 CIP fund. Expansions and upgrades to the Edmond Animal Services Shelter were completed in late 2020 at a total cost to the City of approximately $3.7 million. Forty-five kennels were added to the existing twenty-two kennels to meet future needs of the shelter. Additionally, the current facilities were upgraded to provide improved exercise areas for the animals and to meet the operational needs of the shelter. This project was funded by the 2017 CIP fund. The final major project completed earlier in 2020 was the construction of a new fire station. This allowed for the strategic relocation of Fire Station #2 to better serve the community. This $5 million project included the construction of a new structure and the cost included the refurnishing of this new facility. This project was funded from the 2017 CIP fund. These last three projects were identified as key components in the sales tax campaign to repurpose a half-cent sales tax for this Capital Improvement fund. Their completion is a major milestone. 2000 CIP Fund:

The 2000 CIP fund continues to provide the primary financing for capital improvements in Edmond. This three-quarter-cent tax was initially approved by voters in 1996 and indefinitely extended in 2000. The total capital projects budget for FY 20-21 in this fund is approximately $29 million. When we conduct citizen surveys, traffic is the highest-ranking priority. Our budget priority designates substantial resources to traffic alleviation. For FY 20-21 over $29 million is budgeted. Approximately $21 million is budgeted from the 2000 CIP fund and an additional $8 million from the 2017 CIP fund. Reconstruction of streets, improvements to intersections, streets, and traffic signals are part of this ongoing project of continuous improvement. The work includes increasing the traffic capacity of some of highvolume intersections, street widening and building out our Intelligent Traffic System. (This work involves the installation of fiber optic cable to connect our traffic light equipment with a central control center.) This project will improve traffic safety and mobility during congested periods, constructions activities, traffic collisions, and other emergencies. Hafer Park/ AC Caplinger Baseball Fields: Renovations of these fields to tournament quality are planned to allow the City to participate in the tournament market and provide a higher quality facility for our recreational league. The construction will occur in 3 phases to allow play to continue. The first phase will begin in summer 2021 and include adding new parking; all 3 phases are anticipated to be complete by winter 2022. Budgeted FY 20-21 costs are $3,000,000. Resources have been set aside to work with our newly established Tax Increment Financing District to fund infrastructure construction or development assistance for improvement projects in Downtown Edmond. FY 20-21 has $3,000,000 budget for these activities.

2017 CIP Fund:

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2020

The total capital projects budget for FY 20-21 for this fund is approximately $19.5 million. Renovations to Gracelawn Cemetery are part of the 2017 Master Plan to provide expansion of the cemetery in anticipation of future needs. Budgeted FY 20-21 costs are approximately $3.4 million. Park improvements of approximately $5.4 million are planned. Stephenson Park upgrades to provide more open space to Edmond residents include an amphitheater, picnic tables and an improved pavilion at a budgeted FY 20-21 cost of $2.9 million. Improvements to the Service-Blake Soccer Complex include upgrades to improve traffic flow, concession facilities, restrooms, lighting, pedestrian walkways, spectator shade, turf, and fencing at a budgeted FY 20-21 cost of $2.5 million. (The Soccer Complex improvements are a multi-year plan and additional funds are budgeted in future years to complete.) Almost a complete reconstruction will occur at Kickingbird Golf Course. This project is anticipated to cost a total of $14 million, with $10 million to replace the 50-year-old clubhouse, build new meeting facilities that include a banquet room and full-service restaurant, expand a short game practice area, provide a new indoor teaching facility, and expand parking. An additional $4 million will go to reconstruction of the golf greens and to the replacement of the irrigation system. Budgets are anticipated to be amended to initiate this project during the summer of 2021. CONTACTING THE CITY’S FINANCIAL MANAGEMENT TEAM: This financial report is designed to provide our citizens, customers and creditors with a general overview of the City’s finances and to provide transparency and accountability for the revenues received by the City. If you have questions or require additional explanation regarding information provided in this report, please contact the Finance office at 7 N Broadway Edmond, OK 73034, P.O. Box 2970, Edmond, OK 73083-2970 or call the Finance office at 405-359-4521. We are happy to discuss any comments or concerns you may have.

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BASIC FINANCIAL STATEMENTS

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020 City of Edmond, Oklahoma Statement of Net Position June 30, 2020 Primary Government Governmental Activities ASSETS Current Assets: Cash and equivalents Investments Restricted assets: Cash and equivalents Investments Accrued interest receivable Accounts receivable, net of allowance Internal balances Notes receivable Due from other governments Inventory Total Current Assets Non-current Assets: Restricted assets: Cash and equivalents Investments Derivative instruments Net pension asset Capital Assets: Non-depreciable Depreciable, net of depreciation Total Non-current Assets

Total Assets DEFERRED OUTFLOWS OF RESOURCES Deferred charge on refunding Deferred amounts related to pension Deferred amounts related to OPEB Total deferred outflow of resources

31,635,546 76,427,165

Business-type Activities

39,941,185 125,342,282

Component Units Historic Economic Preservation Development Trust Authority

Total

71,576,731 201,769,447

49,071 -

470,671 -

11,180,017 1,523,679 285,286 2,491,510 (18,719,664) 18,855,001 1,200,854 124,879,394

24,801,093 5,553,490 478,145 22,352,366 18,719,664 289,922 3,715,934 241,194,081

35,981,110 7,077,169 763,431 24,843,876 19,144,923 4,916,788 366,073,475

49,071

41,662 180 127,307 639,820

7,889,157 682,213 229,691

15,959,664 26,798,740 347,457 -

23,848,821 26,798,740 1,029,670 229,691

39,223,953 301,321,480 349,346,494

224,301,208 225,841,958 493,249,027

263,525,161 527,163,438 842,595,521

100,450 19,173 119,623

12,180 12,180

474,225,888

734,443,108

1,208,668,996

168,694

652,000

561,368 22,703,724 590,527 23,855,619

273,288 3,148,486 143,632 3,565,406

834,656 25,852,210 734,159 27,421,025

89,962 89,962

LIABILITIES Current Liabilities: Accounts payable and other accrued expenses Accrued interest payable Amounts held in escrow Matured revenue bonds payable Meter deposit liability Unearned revenue Current portion: Notes payable Revenue bonds payable Compensated absences Estimated liability for claims Total Current Liabilities

6,919,734 624,908 192,998 7,194,769 4,239,250

15,977,115 4,723,248 514,469 71,249

22,896,849 5,348,156 192,998 7,194,769 514,469 4,310,499

2,193 -

7,455,266 466,830 1,357,426 28,451,181

1,926,102 6,839,734 85,973 30,137,890

1,926,102 14,295,000 552,803 1,357,426 58,589,071

3,884 6,077

Non-current Liabilities: Compensated absences Meter deposit liability Total OPEB liability Net pension liability Revenue bonds payable, net Notes payable Claims and judgments Total Non-current Liabilities

4,201,440 5,371,680 59,812,861 22,872,406 1,557,051 93,815,438

773,757 4,636,953 1,268,083 7,718,894 228,213,368 15,815,562 258,426,617

4,975,197 4,636,953 6,639,763 67,531,755 251,085,774 15,815,562 1,557,051 352,242,055

34,952 146,947 181,899

122,266,619

288,564,507

410,831,126

187,976

682,213 6,564,389 601,143 7,847,745

347,457 159,990 146,178 653,625

1,029,670 6,724,379 747,321 8,501,370

84,376 84,376

313,549,059

236,841,065

550,390,124

119,623

12,180

8,647,913 3,054,382 60,682,076 (17,966,287) 367,967,143

24,018,937 187,930,380 448,790,382

8,647,913 3,054,382 84,701,013 169,964,093 816,757,525

49,071 168,694

41,662 415,768 469,610

Total Liabilities DEFERRED INFLOWS Accumulated increase in fair value of hedging derivatives Deferred amounts related to pension Deferred amounts related to OPEB Total deferred inflow of resources NET POSITION Net investment in capital assets Restricted by: Enabling legislation Statutory requirements External contracts Unrestricted (deficit) Total Net Position

See accompanying notes to the basic financial statements.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

City of Edmond, Oklahoma Statement of Activities For the Year Ended June 30, 2020

Functions/Programs Primary government Governmental Activities General government Public safety Streets and highways Cultural, parks and recreation Health and welfare Interest on long-term debt Total governmental activities

Business-type activities Electric operations Water operations Wastewater operations Sanitation operations Lake operations Drainage operations Golf course operations Cooperative purchasing services Transportation operations Total business-type activities Total primary government Component Units Cultural, parks and recreation Economic development Total component units

Charges for Services

Expenses

12,991,002 58,007,128 17,457,954 8,050,323 1,637,687 913,814 99,057,908

77,298,321 21,231,254 17,041,462 8,288,157 1,629,078 867,583 2,057,579 54,043 2,045,885 130,513,362

8,240,851 1,370,013 10,350 112,864 883,108 10,617,186

Program Revenue Operating Grants and Contributions

95,266,537 32,010,388 20,595,068 10,678,199 1,348,254 1,876,169 1,856,866 85,188 365,681 164,082,350

555,897 11,314,913 764,835 543,422 13,179,067

Capital Grants and Contributions

Governmental Activities

10,251 1,858,883 961,530 2,830,664

182,634 1,707 500 5,530 1,263,016 1,453,387

(72,430,991)

229,571,270

174,699,536

14,632,454

5,742,077

48,802 667,826 716,628

25,733 25,733

(4,194,254) (45,311,951) (14,823,886) (6,432,507) (754,579) (913,814) (72,430,991)

1,873,595 1,037,818 2,911,413

Net (Expense) Revenue and Changes in Net Position Component Units Primary Government Historic Economic Business-type Preservation Development Activities Total Trust Authority

General revenues: Taxes: Sales and use taxes Sales and use taxes - Restricted for public safety Sales and use taxes - Restricted for park and recreation Sales and use taxes - Restricted for capital improvements Hotel/motel taxes Franchise taxes Payment from City of Edmond Grants and contributions not restricted to specific programs Unrestricted investment earnings Miscellaneous Transfers Total general revenues and transfers Change in net position Net position - beginning

48,939,746 16,681,098 2,383,014 14,298,084 449,831 2,075,062 1,176,698 2,307,769 1,185,245 10,942,428 100,438,975 28,007,984 339,959,159

Net position - ending

367,967,143

See accompanying notes to the basic financial statements.

18,150,850 12,654,436 4,591,424 2,390,042 (280,324) 1,008,586 (195,183) 31,145 (417,188) 37,933,788

37,933,788

(34,497,203)

6,322,089 (10,942,428) (4,620,339) 33,313,449 415,476,933 $

(4,194,254) (45,311,951) (14,823,886) (6,432,507) (754,579) (913,814) (72,430,991)

448,790,382

816,757,525

48,939,746 16,681,098 2,383,014 14,298,084 449,831 2,075,062 1,176,698 8,629,858 1,185,245 95,818,636 61,321,433 755,436,092 $

(48,802) (48,802)

(642,093) (642,093)

20,000 42 1,759 21,801 (27,001) 195,695

618,178 7,767 625,945 (16,148) 485,758

168,694

469,610

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

City of Edmond, Oklahoma Balance Sheet Governmental Funds June 30, 2020

General Fund ASSETS Cash and cash equivalents Investments Due from other funds Due from other governments Accrued interest receivable Other receivables Interfund loan receivable Total assets

LIABILITIES, DEFERRED INFLOWS AND FUND BALANCES Liabilities: Accounts payable $ Due to other funds Unearned revenue Matured revenue bonds payable Amounts held in escrow Total liabilities

418,164 74,294 11,028 192,998 696,484

Deferred Inflows of Resources: Unavailable revenue Total deferred inflows of resources

719,935 719,935

3,325,695 3,325,695

2,314,445 2,314,445

36,605 36,605

3,660,040 4,117,327 7,367,702 15,145,069 16,561,488

13,266,946 1,520,044 14,786,990 19,039,053

6,075,323 2,079,310 8,154,633 11,499,341

19,370,779 5,109,989 24,480,768 41,730,647

3,507,556 11,455,468 4,034,159 41,870 19,039,053

926,368 926,368

2000 Capital Improvement Tax Fund

1,915,590 5,434,806 98,220 7,765,403 18,729 1,328,740 16,561,488

Fund balances: Restricted Committed Assigned Unassigned (deficit) Total fund balances Total liabilities, deferred inflows and fund balances

Police Public Safety Limited Tax Fund

Fire Public Safety Limited Tax Fund

2,061,744 6,733,536 2,679,277 24,612 172 11,499,341

1,030,263 1,030,263

See accompanying notes to the basic financial statements.

Total Governmental Funds

Other Governmental Funds

23,577,702 15,890,340 2,204,433 58,172 41,730,647

1,393,597 8,000,000 7,819,677 17,213,274

12,420,685 15,348,951 73,470 1,863,889 57,518 583,232 30,347,745

1,119,826 98,220 1,218,046

36,745 36,745

28,042,076 83,452 1,067,473 (100,047) 29,092,954 30,347,745

43,483,277 54,863,101 171,690 18,547,161 200,901 1,911,972 172 119,178,274

4,888,218 8,172,514 11,028 7,819,677 192,998 21,084,435

6,433,425 6,433,425

70,415,164 83,452 13,894,143 7,267,655 91,660,414 119,178,274

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020 City of Edmond, Oklahoma Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position June 30, 2020 Total fund balance, governmental funds

91,660,414

Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not current financial resources and therefore are not reported in the funds, net of accumulated depreciation of $267,779,313

317,460,601

Certain other long-term assets are not available to pay current fund liabilities and therefore they, along with deferred outflows, are deferred or not reported in the funds: Accrued interest receivable Other receivables, net of allowance Receivable from other governments Net pension asset Pension related deferred outflows OPEB related deferred outflows Deferred amount on refunding

126,318 708,149 5,606,402 229,691 17,743,596 336,304 561,368

Certain long-term liabilities are not due and payable from current financial resources and therefore they, along with deferred inflows, are not reported in the funds: Revenue bonds payable Accrued compensated absences Unamortized debt premium Net pension liability Pension related deferred inflows Total OPEB liablity OPEB related deferred inflows Advance rental Deferred amount related to derivative instrument

(28,406,145) (3,417,468) (1,921,527) (47,311,969) (6,266,317) (3,141,647) (348,775) (4,235,666) (682,213)

Accumulated increase in fair value of hedging derivatives is a deferred inflow

682,213

Internal service funds are used by management to charge costs of certain activities that benefit multiple funds, such as self-insurance, vehicle maintenance, and other such costs, to individual funds. The assets and liabilities of certain of these internal service funds are reported in governmental activities in the Statement of Net Position: Internal service funds' net position Internal service fund interfund balance resulting from net revenues reported in business-type activities

Net Position of Governmental Activities in the Statement of Net Position

39,302,654 (10,718,840)

See accompanying notes to the basic financial statements.

367,967,143

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

City of Edmond, Oklahoma Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds For the Year Ended June 30, 2020 Fire Public Safety Limited Tax Fund

General Fund REVENUES Sales and use taxes Franchise and public service taxes Hotel/motel taxes Intergovernmental Charges for services Fines and forfeitures Licenses and permits Investment income Miscellaneous Total revenues

EXPENDITURES Current: General government Public safety Health and sanitation Culture, parks and recreation Streets and highways Debt Service: Principal Interest and other charges Capital Outlay Total Expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending

48,939,746 2,075,062 1,957,033 6,166,114 1,653,304 1,625,110 222,643 182,135 62,821,147

4,766,028 4,160,570 17,468 347,435 92,845 9,384,346

Police Public Safety Limited Tax Fund $

2,383,014 1,522,243 232,442 384,030 4,521,729

2000 Capital Improvement Tax Fund $

14,298,084 600,032 133,326 15,031,442

Other Governmental Funds

Total Governmental Funds

11,915,070 449,831 548,681 944,578 887,137 1,897,520 16,642,817

82,301,942 2,075,062 449,831 8,188,527 7,128,160 1,653,304 1,625,110 2,289,689 2,689,856 108,401,481

6,818,355 2,958,977 729,418 4,212,845 6,343,809

25,524,028 -

26,125,867 -

109,651 -

1,111,093 64,763 686,478 1,234,162 -

8,039,099 54,673,635 1,415,896 5,447,007 6,343,809

671,465 21,734,869

922,968 26,446,996

23,447 26,149,314

7,194,769 1,249,817 7,390,397 15,944,634

8,141,191 11,237,687

7,194,769 1,249,817 17,149,468 101,513,500

41,086,278

(17,062,650)

(21,627,585)

5,405,130

6,887,981

18,534,818 (59,913,968) (41,379,150) (292,872)

19,253,550 19,253,550 2,190,900

23,617,689 23,617,689 1,990,104

8,000,000 8,000,000 7,086,808

1,789,726 (339,387) 1,450,339 6,855,469

71,195,783 (60,253,355) 10,942,428 17,830,409

15,437,941

12,596,090

6,164,529

17,393,960

15,145,069

14,786,990

8,154,633

(913,192)

See accompanying notes to the basic financial statements.

24,480,768

22,237,485 $

29,092,954

73,830,005 $

91,660,414

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

City of Edmond, Oklahoma Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the Year Ended June 30, 2020

Net change in fund balances - total governmental funds:

17,830,409

Amounts reported for Governmental Activities in the Statement of Activities are different because: Governmental funds report capital outlays as expenditures while governmental activities report depreciation expense to allocate those expenditures over the life of the assets: Capital asset purchases capitalized Capital assets donated Depreciation expense Disposal of capital assets

16,829,794 1,858,883 (17,968,772) (560,433)

In the Statement of Activities, the cost of pension benefits earned net of employee contributions is reported as an element of pension expense. The fund financial statements report pension contributions as expenditures.

(2,017,611)

Governmental funds report bond issuance costs as expenditures and bond premiums as revenue while governmental activities report amortization and interest expense to allocate those expenditures over the term of the bonds: Amortization expense

336,003

Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds: Advance Grants Court Interest

311,829 5,606,402 59,902 18,080

Bond proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the Statement of Net Position. Repayment of debt principal is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the Statement of Net Position: Revenue bond principal payment

7,194,769

Some expenses reported in the statement of activities do not require the use of current financial resources and these are not reported as expenditures in governmental funds: Accrued compensated absences change Total OPEB liability change

(222,580) (96,163)

Internal service fund activity is reported as a proprietary fund in the fund financial statements, but certain net revenues are reported in governmental activities on the statement of Activities: Total change in net position for internal service funds Net revenues of internal service funds reported in business-type activities Change in net position of governmental activities See accompanying notes to the basic financial statements.

216,392 (1,388,920) $

28,007,984

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

City of Edmond, Oklahoma Statement of Net Position Proprietary Funds June 30, 2020 Edmond Public Works Authority (EPWA) Enterprise Funds

Electric Fund ASSETS Current assets: Cash and cash equivalents $ 11,685,538 Investments 33,071,535 Restricted assets: Cash and cash equivalents 18,966 Investments 5,150,922 Receivables: Accrued interest receivable 139,544 Utility billing, net of allowance for uncollectible accounts 13,903,822 Due from other governments 53,797 Other receivables 552,988 Due from other funds 8,365,173 Inventories 3,633,501 Total current assets 76,575,786 Non-current assets: Restricted assets: Cash and cash equivalents 86,668 Investments Derivative instruments Capital Assets: Nondepreciable 950,536 Depreciable, net of accumulated depreciation 45,513,283 Total non-current assets 46,550,487 Total assets 123,126,273 DEFERRED OUTFLOWS OF RESOURCES Deferred charge on refunding Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred outflows of resources LIABILITIES Current Liabilities: Accounts payable Salaries payable Accrued interest payable Due to other funds Current portion: Compensated absences Claims and judgments Notes payable Revenue bonds payable Unearned revenue Meter deposit liability Total current liabilities Non-current liabilities: Compensated absences Meter deposit liability Claims and judgments Total OPEB liability Net pension liability Notes payable Revenue bonds payable, net Total non-current liabilities Total liabilities DEFERRED INFLOW OF RESOURCES Accumulated increase in fair value of hedging derivatives Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred inflow of resources NET POSITION Net investment in capital assets Restricted for debt service Restricted for scholarships Restricted for other purposes Unrestricted Total net position

Wastewater Fund

Water Fund

15,834,714 51,714,888

6,618,663 21,616,157

Other Enterprise Funds

5,802,270 18,939,702

Total

39,941,185 125,342,282

Internal Service Funds

6,754,907 21,564,064

5,012,168 392,086

19,233,594 10,482

536,365 -

24,801,093 5,553,490

190,206 4,166,626 1,707 104,199 77,416,594

79,189 2,240,317 77,864 49,876,266

69,206 1,406,293 234,418 82,320 49,800 82,433 27,202,807

478,145 21,717,058 289,922 635,308 8,597,036 3,715,934 231,071,453

84,385 307,840 579,538 1,200,682 30,491,416

3,107,044 347,457

12,398,521 26,798,740 -

367,431 -

15,959,664 26,798,740 347,457

466,536 1,523,679 -

36,160,741 94,206,485 133,821,727 211,238,321

185,432,230 75,005,665 299,635,156 349,511,422

1,757,701 11,116,525 13,241,657 40,444,464

224,301,208 225,841,958 493,249,027 724,320,480

734,968 22,349,864 25,075,047 55,566,463

5,852 1,343,194 50,257 1,399,303

227,591 658,760 32,326 918,677

5,137 322,954 14,932 343,023

34,708 823,578 46,117 904,403

273,288 3,148,486 143,632 3,565,406

4,960,129 254,222 5,214,351

5,971,201 272,373 11,446 -

1,781,202 121,936 525,410 -

6,858,852 58,158 4,162,171 -

710,004 203,389 24,221 596,212

15,321,259 655,856 4,723,248 596,212

1,012,481 1,019,035 -

39,078 70,217 513,969 6,878,284

16,093 1,926,102 2,399,844 6,770,587

8,042 4,068,983 15,156,206

22,760 300,690 71,249 500 1,929,025

85,973 1,926,102 6,839,734 71,249 514,469 30,734,102

125,083 1,357,426 3,514,025

351,705 4,636,953 468,992 3,430,082 331,772 9,219,504 16,097,788

144,835 272,290 1,536,085 15,815,562 14,519,123 32,287,895 39,058,482

72,381 122,831 712,835 211,957,644 212,865,691 228,021,897

204,836 403,970 2,039,892 1,404,829 4,053,527 5,982,552

773,757 4,636,953 1,268,083 7,718,894 15,815,562 228,213,368 258,426,617 289,160,719

1,125,719 1,557,051 2,230,033 12,500,892 17,413,695 20,927,720

40,313 50,249 90,562

347,457 14,693 33,447 395,597

11,065 15,527 26,592

93,919 46,955 140,874

347,457 159,990 146,178 653,625

298,072 252,368 550,440

46,067,682 94,188 94,224 62,081,132 108,337,226

97,005,317 6,914,757 68,782,845 172,702,919

82,564,654 16,130,917 23,110,385 121,805,956

11,203,412 879,075 1,601 23,141,353 35,225,441

236,841,065 24,018,937 1,601 94,224 177,115,715 438,071,542

23,084,832 1,969,286 14,248,536 39,302,654

Some amounts reported for business-type activities in the Statement of Net Position are different because certain internal service fund balances are included with business-type activities and reported as interfund balances Total net position per Government-Wide financial statements

10,718,840 $

See accompanying notes to the basic financial statements.

448,790,382

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

City of Edmond, Oklahoma Statement of Revenues, Expenses and Changes in Fund Net Position Proprietary Funds For the Year Ended June 30, 2020 Edmond Public Works Authority (EPWA) Enterprise Funds

Electric Fund OPERATING REVENUES Charges for services Permits and other fees Operating grants and contributions Miscellaneous Total operating revenues

OPERATING EXPENSES Personal services Materials and supplies Wholesale electricity purchases Maintenance, operations and contractual services Insurance premium expense Claims expense Depreciation Total Operating Expenses Operating income

95,263,419 53,797 12,759 95,329,975

Wastewater Fund

Water Fund $

30,722,870 1,167,539 1,707 117,711 32,009,827

19,876,363 717,665 20,594,028

Other Enterprise Funds $

15,949,593 1,263,696 246,028 17,459,317

Total $

161,812,245 1,885,204 1,319,200 376,498 165,393,147

Internal Service Funds $

52,619,877 118,400 193,459 52,931,736

5,989,472 1,843,593 54,945,171 11,029,130 3,437,842 77,245,208 18,084,767

2,749,424 867,850 9,392,626 7,806,470 20,816,370 11,193,457

1,288,294 246,728 4,975,464 3,126,575 9,637,061 10,956,967

4,063,423 958,612 10,339,657 325,219 15,686,911 1,772,406

14,090,613 3,916,783 54,945,171 35,736,877 14,696,106 123,385,550 42,007,597

22,516,777 3,280,508 13,044,526 1,857,384 10,477,486 2,676,869 53,853,550 (921,814)

1,618,846 119,196 (7,735) 1,730,307 19,815,074 263,731 (11,986,421) 8,092,384 100,244,842 108,337,226

1,729,824 2,270 (735,292) 996,802 12,190,259 1,873,595 14,186,501 (14,179,329) 14,071,026 158,631,893 172,702,919

2,388,079 1,038 (7,642,750) (5,253,633) 5,703,334 1,037,818 79,837 6,820,989 114,984,967 121,805,956

605,426 (106,608) (24,347) 474,471 2,246,877 1,190,756 (497,503) 2,940,130 32,285,311 35,225,441

6,342,175 122,504 (106,608) (8,410,124) (2,052,053) 39,955,544 2,911,413 15,720,825 (26,663,253) 31,924,529 406,147,013 438,071,542

554,777 422,089 161,340 1,138,206 216,392 216,392 39,086,262 39,302,654

Change in net position, per above Some amounts reported for business-type activities in the Statement of Activities are different because the net revenue of certain internal service funds is reported with business-type activities

31,924,529

Change in Business-Type Activities in Net Position per Government-Wide Financial Statements

NON-OPERATING REVENUES (EXPENSES) Interest and investment revenue Miscellaneous revenue Gain (Loss) on capital asset disposal Interest expense Total non-operating revenue (expenses) Income before contributions and transfers Capital contributions Transfers in Transfers out Change in net position Total net position - beginning Total net position - ending

See accompanying notes to the basic financial statements.

1,388,920 33,313,449

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

City of Edmond, Oklahoma Statement of Cash Flows Proprietary Funds For the Year Ended June 30, 2020 Edmond Public Works Authority (EPWA) Enterprise Funds

Electric Fund CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers Payments to suppliers Payments to employees Receipts of customer meter deposits Payment of customer meter deposits Claims and judgments paid Interfund payments Interfund receipts Net cash provided by operating activities

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds Transfer to other funds Net cash provided by (used in) noncapital financing activities

95,622,408 (68,943,401) (5,448,487) 2,794,921 (2,492,773) (8,055,944) 13,476,724

Wastewater Fund

Water Fund $

30,912,117 (9,473,569) (2,482,248) (11,716) 18,944,584

20,497,113 (13,138,877) (1,153,133) (19,370)

Other Enterprise Funds

Total Enterprise Funds

Internal Service Funds

6,185,733

17,427,783 (11,377,755) (3,728,695) (96,336) 97,802 2,322,799

164,459,421 (102,933,602) (12,812,563) 2,794,921 (2,492,773) (8,183,366) 97,802 40,929,840

79,837 79,837

1,169,435 (476,182) 693,253

15,699,504 (26,641,932) (10,942,428)

53,145,295 (19,210,519) (20,416,912) (10,281,523) 3,236,341

263,731 (11,986,421) (11,722,690)

14,186,501 (14,179,329) 7,172

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Proceeds from sale of capital assets Proceeds from issuance of capital debt Principal paid on capital debt Interest paid on capital debt Net cash provided by (used in) capital and related financing activities

(4,825,428) (72,978) (12,213) (4,910,619)

(12,279,707) 4,864,641 (3,662,530) (1,013,573) (12,091,169)

(65,375,682) (3,923,692) (8,362,873) (77,662,247)

(151,789) (250,305) (76,403) (478,497)

(82,632,606) 4,864,641 (7,909,505) (9,465,062) (95,142,532)

(5,761,058) 360,350 (5,400,708)

CASH FLOWS FROM INVESTING ACTIVITIES Purchases of investments Sale of investments Interest and dividends Net cash provided by investing activities

9,493,809 1,481,097 10,974,906

5,121,841 1,465,896 6,587,737

64,092,048 2,357,958 66,450,006

(75,113) 1,455,121 501,410 1,881,418

(75,113) 80,162,819 5,806,361 85,894,067

(597,565) 6,930,169 477,840 6,810,444

7,818,321

13,448,324

(4,946,671)

4,418,973

20,738,947

4,646,077

Net increase (decrease) in cash and cash equivalents Balances-beginning of year Balances-end of year

Reconciliation to Combining Statement of Net Position: Cash and cash equivalents Restricted cash and cash equivalents Restricted cash and cash equivalents, non-current Total cash and cash equivalents, end of year

3,972,851

43,197,449

2,307,093

59,982,995

2,575,366

11,791,172

23,953,926

38,250,778

6,726,066

80,721,942

7,221,443

11,685,538 18,966 86,668 11,791,172

39,941,185 24,801,093 15,959,664 80,701,942

5,802,270 536,365 367,431 6,706,066

6,618,663 19,233,594 12,398,521 38,250,778

15,834,714 5,012,168 3,107,044 23,953,926

6,754,907 466,536 7,221,443

18,084,767

11,193,457

10,956,967

1,772,406

42,007,597

Reconciliation of Operating Income to Net Cash Provided by Operating Activities: Operating income $ Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation expense Miscellaneous non-operating revenue (expense) Change in assets and liabilities: Receivables, net Other receivable Inventories Due from other governments Due from other funds Deferred outflows related to pension Deferred outflows related to OPEB Accounts and other payables Due to other funds Customer meter deposits payable Unearned revenue Claims liability Total OPEB liability Net Pension liability Deferred inflows related to pension Deferred inflows related to OPEB Accrued compensated absences $ Net cash provided by operating activities Non-cash Activities: Capital assets donated Change in fair value of investments Total Non-cash Activities

10,505,602

$ $

(921,814)

3,437,842 119,196

7,806,470 2,270

3,126,575 1,038

325,219 -

14,696,106 122,504

2,676,869 422,089

96,274 130,760 (541,887) (53,797) (8,055,944) (321,906) (35,604) (540,160) 302,148 57,897 810,475 (3,021) (7,991) (2,325) 13,476,724

(1,098,273) (1,707) (11,716) (138,094) (19,448) 800,242 28,721 371,800 1,801 (1,029) 10,090 18,944,584

(97,953) (19,370) (63,369) (8,720) (7,908,249) 12,530 177,310 (33) (98) 9,105 6,185,733

(37,759) 2,114 3,400 (2,794) (10,772) (168,984) (30,226) (53,946) 12,238 6,905 46,862 405,121 46,398 (4,376) 10,993 2,322,799

(1,137,711) 132,874 (538,487) (58,298) (8,097,802) (692,353) (93,998) (7,702,113) 12,238 302,148 6,905 146,010 1,764,706 45,145 (13,494) 27,863 40,929,840

(90,130) (20,109) (118,400) (184,536) (863,274) 195,963 289,990 1,763,159 (37,106) 123,640 3,236,341

(184,774) (184,774)

1,873,595 (288,275) 1,585,320

1,037,818 (58,318) 979,500

(112,950) (112,950)

2,911,413 (644,317) 2,267,096

See accompanying notes to the basic financial statements.

(64,147) (64,147)

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

City of Edmond, Oklahoma Statement of Fiduciary Net Position Fiduciary Funds June 30, 2020

Pension Trust Fund ASSETS Cash and cash equivalents Accrued interest Total cash and cash equivalents Investments at fair value: Common stock Pooled equity funds Pooled fixed income funds Alternative-open end mutual funds Total investments Other receivable Total assets

LIABILITIES Accounts payable Due to other governments Refunds payable and others Total liabilities NET POSITION Net position restricted for pension

565,719 45,450 611,169

Agency Funds $

2,244,309 47,528,827 22,272,218 4,288,269 76,333,623 76,944,792

453,032

2,779 2,779

25,605 427,427 453,032

76,942,013

See accompanying notes to the basic financial statements.

453,032 453,032

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

City of Edmond, Oklahoma Statement of Changes in Fiduciary Net Position Fiduciary Funds For the Year Ended June 30, 2020

Pension Trust Fund ADDITIONS Contributions: Employer Plan Members Total contributions Investment earnings: Investment income Change in fair value of investments Investment activity expense Total net investment earnings Total additions

3,002,272 1,606,872 4,609,144 1,312,150 (2,200,190) (159,184) (1,047,224) 3,561,920

DEDUCTIONS Benefits Refunds of contributions Administrative Miscellaneous expense Transfers out Total deductions

3,367,082 1,689,742 263 2,516 3,151 5,062,754

Change in net position

(1,500,834)

Net position - beginning Net position - ending

78,442,847 76,942,013

See accompanying notes to the basic financial statements.

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CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. FINANCIAL REPORTING ENTITY B. BASIS OF PRESENTATION C. MEASUREMENT FOCUS AND BASIS OF ACCOUNTING D. ASSETS, LIABILITIES, DEFERRED OUTFLOWS/INFLOWS OF RESOURCES AND NET POSITION/FUND BALANCE E. INTERNAL AND INTERFUND BALANCES AND ACTIVITIES F. REVENUES, EXPENDITURES AND EXPENSES G. USE OF ESTIMATES

NOTE 2. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY A. FUND BALANCES AND NET POSITION B. DEPOSITS AND INVESTMENTS REQUIREMENTS C. DEBT RESTRICTIONS AND COVENANTS

NOTE 3. DETAIL NOTES - TRANSACTION CLASSES/ACCOUNTS A. DEPOSIT AND INVESTMENT RISKS B. RECEIVABLES C. RESTRICTED ASSETS D. CAPITAL ASSETS E. LONG-TERM DEBT F. INTERFUND BALANCES AND ACTIVITIES G. FUND BALANCES AND NET POSITION

NOTE 4. OTHER NOTES A. EMPLOYEE PENSION AND OTHER BENEFIT PLANS B. RISK MANAGEMENT C. COMMITMENTS AND CONTINGENCIES D. ECONOMIC DEVELOPMENT E. TAX ABATEMENTS F. SUBSEQUENT EVENTS

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The City of Edmond’s (the City) accounting and financial reporting policies conform to accounting principles generally accepted in the United States of America (GAAP). GAAP includes all relevant Governmental Accounting Standards Board (GASB) pronouncements. The accounting and reporting framework and the more significant accounting policies are discussed in subsequent subsections of this Note. 1.A. FINANCIAL REPORTING ENTITY The City’s financial reporting entity comprises the following: Primary Government:

City of Edmond

Blended Component Unit:

Edmond Public Works Authority

Discretely Presented Component Units: Edmond Economic Development Authority Edmond Historic Preservation Trust In determining the financial reporting entity, the City complies with the provisions of Governmental Accounting Standards Board Statement No. 14, 34, 39, and 61 and includes all component units of which the City is fiscally accountable. Each of these component units are Public Trusts established pursuant to Title 60 of Oklahoma State law. Public Trusts (Authorities) have no taxing power. The Authorities are generally created to finance City services through issuance of revenue bonds or other non-general obligation debt and to enable the City Council to delegate certain functions to the governing body (Trustees) of the Authority. The Authorities generally retain title to assets which are acquired or constructed with Authority debt or other Authority generated resources. In addition, the City has leased certain existing assets at the creation of the Authorities to the Trustees on a long-term basis. The City, as beneficiary of the Public Trusts, receives title to any residual assets when a Public Trust is dissolved. BLENDED COMPONENT UNITS Blended component units are separate legal entities that meet the GASB 14, 39 and 61 component unit criteria and whose governing body is the same or substantially the same as the City Council or the component unit provides services entirely to the City. These component units’ funds are blended into the City’s by appropriate fund type to comprise part of the primary government presentation. One component unit is blended into the primary government’s fund types as presented below: Brief Description/Inclusion Criteria

Component Unit Edmond Public Works Authority

(EPWA)

Created October 6, 1970, to finance, develop and operate the water, sewer, garbage, electric, lake and drainage facilities. Also, the Authority operates and maintains the City’s golf course facility. The current City Council serves as the governing body (Trustees) of the EPWA and the city is responsible for daily operations. The City is able to impose its will on the EPWA because, by state law, all EPWA issuances of debt require a two-thirds approval of the City Council. The EPWA funds are reported as enterprise funds within the primary government presentation.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

DISCRETELY PRESENTED COMPONENT UNITS Discretely presented component units are separate legal entities that meet the GASB 14 component unit criteria but do not meet the criteria for blending. The City has two component units that are discretely presented in the City’s report as presented below: Edmond Economic Development Authority Created June 17, 1969, to promote and encourage the general (EEDA) economic and social development within or near the City of Edmond, Oklahoma. The Authority provides financing to businesses for the purpose of acquiring facilities for industrial, manufacturing, and charitable enterprises in or near the City. The EEDA governing body is appointed by the full City Council. All issuances of debt require a two-thirds approval of the City Council and the EEDA Trustees. Complete financial statements of the Economic Development Authority component unit can be obtained from: Edmond Economic Development Authority 825 E. 2nd, Suite 200 Edmond, OK 73034 Edmond Historic Preservation Trust (EHPT)

Created November 15, 1982 to preserve the qualities relating to the history of the City in order to promote the economic and general welfare of the people of the City of Edmond and to ensure the harmonious, orderly and efficient growth and development of the municipality. The EHPT governing body is appointed by the current City Council. The City is able to impose its will on the EHPT because, pursuant to state law, all issuance of EHPT debt requires a two-thirds approval of the City Council. The EHPT component unit does not issue separate financial statements.

1.B. BASIS OF PRESENTATION Government-Wide Financial Statements: The statement of net position and statement of activities display information about the City as a whole including component units. They include all financial activities of the reporting entity except for fiduciary activities. Eliminations have been made to minimize the double reporting of transactions involving internal activities. Individual funds are not displayed in these statements. Instead, the statements distinguish between governmental and business-type activities. Governmental activities generally are financed through taxes, intergovernmental revenues, and other non-exchange revenues. Business-type activities are financed in whole or in part by fees charged to external parties for goods or services. The statement of activities presents a comparison between the expenses and program revenues directly associated with the different governmental functions and business-type activities to arrive at the net revenue or expense of the function or activity prior to the use of taxes and other general revenues. Program revenues include (1) fees, fines, and service charges generated by the program or activity, (2) operating grants and contributions that are restricted to meeting the operational requirements of the program or activity, and (3) capital grants and contributions that are restricted to meeting the capital requirements of the program or activity.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Fund Financial Statements: Fund financial statements of the reporting entity are organized into funds, each of which is considered to be separate accounting entities. Each fund is accounted for by providing a separate set of self-balancing accounts which constitute its assets, deferred outflows, liabilities, deferred inflows, fund equity, revenues, and expenditures/expenses. Separate financial statements are presented for the three major fund categories: governmental, proprietary and fiduciary. An emphasis of the fund financial statements is placed on major governmental and enterprise funds. A fund is considered major if it is the primary operating fund of the City or meets the following criteria: a.

Total assets and deferred outflows, liabilities, and deferred inflows, revenues or expenditures/expenses of that individual governmental or enterprise fund are at least 10 percent of the corresponding total for all funds of that category or type, and

Total assets and deferred outflows, liabilities and deferred inflows, revenues or expenditures/expenses of the individual governmental fund or enterprise fund are at least 5 percent of the corresponding total for all governmental and enterprise funds combined.

A fund not meeting the criteria of (a) and (b), however management has elected to report the fund as a major fund due to its significance to users of the financial statements.

All remaining governmental and enterprise funds not meeting the above criteria are aggregated and reported as nonmajor funds. The funds of the financial reporting entity are described below: Governmental Funds The City reports four major governmental funds: General Fund Fire Public Safety Limited Tax Fund Police Public Safety Limited Tax Fund 2000 Capital Improvement Tax Fund General Fund The General Fund is the primary operating fund of the City. It is used to account for all activities except those legally or administratively required to be accounted for in other funds. The General Fund is reported as a major governmental fund. The General Fund main sources of revenue include sales tax, franchise and public services taxes, and charge for services related to governmental activities. For financial reporting purposes, the General Fund also includes the activity of the Edmond Electric Economic Development sub -fund and the Park Special Events sub-fund. In fiscal year 2016, the Real Property Fund was moved to an account of the General Fund from a special revenue fund because it no longer has a dedicated income stream. Special Revenue Funds Special Revenue Funds are used to account for and report the proceeds of specific revenue sources that are legally or administratively restricted to expenditures for certain purposes. The reporting entity includes the following special revenue funds:

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Major Funds: Fire Public Safety Limited Tax Fund – used to account for restricted taxes and other dedicated revenues used to finance the operations of the City’s fire department Police Public Safety Limited Tax Fund – used to account for restricted taxes and other dedicated revenues used to finance the operations of the City’s police department and other capital projects Nonmajor Funds: CDBG Entitlement Fund Asset Forfeiture Fund Senior Center Fund Convention & Visitors Bureau Fund Hospital Sale Trust Fund Ambulatory Service Fund Capital Project Funds Capital Project Funds are used to account for resources restricted for the acquisition or construction of specific capital projects or items. The reporting entity includes the following capital project funds: Major Fund: 2000 Capital Improvement Tax Fund – used to account for the proceeds of a voter-restricted limited purpose sales tax to be used for capital improvements Nonmajor Funds: Cemetery Care Fund Cemetery Perpetual Care Park Sales Tax Fund Art in Public Places Fund Capital Improvement Fund Roadway Improvement Fund 1996 Capital Improvement Tax Fund 2012 Public Safety Center Tax Fund 2017 Capital Improvement Fund Proprietary Funds Proprietary funds include both enterprise funds and internal service funds. Enterprise funds are used to account for business-like activities provided to the general public. Internal service funds are used to account for business-like activities provided and charged to other funds or entities within the reporting entity. Proprietary fund operating revenues, such as charges for services, result from exchange transactions associated with the principal activity of the fund. Nonoperating revenues of the proprietary funds include such items as investment earnings, interest expense and subsidies. The reporting entity includes the following enterprise funds and internal service funds: Enterprise Funds The City reports three major enterprise funds: Electric Fund – used to account for the operation and maintenance of the City electric utility services Water Fund – used to account for the operation and maintenance of the City water utility services Wastewater Fund - used to account for the operation and maintenance of the City wastewater utility services

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Nonmajor enterprise funds include: Sanitation Fund Arcadia Lake Fund Drainage Fund Kickingbird Golf Course Fund YourGovShop Fund Transportation Fund (CityLink) Internal Service Funds Internal service funds include: Employee Group Insurance Fund Vehicle Maintenance Fund Liability/Tort Claim Fund Fleet Management Fund Field Services Fund Administrative Support Services Fund Fiduciary Funds The City’s fiduciary funds are used to report net position and changes therein of assets held by the City in a trustee or fiduciary capacity. This net position is not available for operations of the City. The City reports two types of fiduciary funds: Pension Trust Fund and Agency Funds. Agency funds are custodial in nature (i.e., assets equal liabilities) and do not involve the measurement of changes in net position. Pension Trust Fund – used to account for the assets and changes therein of the Edmond Employee Retirement System Agency Funds – used to account for assets held on behalf of others including the Sidewalk and Driveway Escrow and the C.L.E.E.T. Penalty Assessment Fund 1.C. MEASUREMENT FOCUS AND BASIS OF ACCOUNTING Measurement focus is a term used to describe how transactions are recorded within the financial statements. Basis of accounting refers to when transactions are recorded regardless of the measurement focus applied. Measurement Focus On the government-wide Statement of Net Position and the Statement of Activities both governmental and businesslike activities are presented using the economic resources measurement focus as defined in item b. below. In the fund financial statements, the “current financial resources” measurement focus or the “economic resources” measurement focus is used as appropriate: a.

All governmental funds utilize a “current financial resources” measurement focus. Only current financial assets, liabilities, deferred outflows and inflows are generally included on their balance sheets. Their operating statements present sources and uses of available spendable financial resources during a given period. These funds use fund balance as their measure of available spendable financial resources at the end of the period.

The proprietary fund utilizes an “economic resources” measurement focus. The accounting objectives of this measurement focus are the determination of operating income, changes in net position (or cost recovery), financial position, and cash flows. All assets, liabilities (whether current or noncurrent), deferred outflows and inflows associated with their activities are reported. Proprietary fund equity is classified as net position. 46

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Basis of Accounting Government-wide, Proprietary and Fiduciary Fund Financial Statements In the government-wide Statement of Net Position and Statement of Activities, and the proprietary fund financial statements the accrual basis of accounting is applied. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred or economic asset used. Revenues, expenses, gains, losses, assets and liabilities resulting from exchange and exchange-like transactions are recognized when the exchange takes place. Governmental Fund Financial Statements In the governmental fund financial statements, the modified accrual basis of accounting is applied. Under this modified accrual basis of accounting, revenues are recognized when “measurable and available”. Measurable means knowing or being able to reasonably estimate the amount. Available means collectible within the current period or soon enough thereafter to pay current liabilities. The City has defined “available” as collected within 60 days after year end. Sales and use taxes, franchise taxes, hotel/motel taxes, court fines and interest are considered susceptible to accrual. Expenditures (including capital outlay) are recorded when the related fund liability is incurred, except for general long-term debt principal and interest, claims and judgments, and accrued compensated absences, which are recorded as expenditures to the extent they have matured. Proceeds of general long-term debt and capital leases are reported as other financial sources. 1.D. ASSETS, LIABILITIES, DEFERRED OUTFLOWS/INFLOWS OF RESOURCES, AND NET POSITION/FUND BALANCE. Cash and Cash Equivalents Cash and cash equivalents include all demand accounts, savings accounts, money market investment in trust accounts, certificates of deposit and short-term investments with an original maturity of three months or less. Investments in open-ended mutual fund shares are also considered cash equivalents and are reported at the funds’ current share prices. Investments Investments are reported at fair value using selected bases. Securities traded on a national or international exchange are valued at the last reported sales price at current exchange rates. Investments that do not have an established market are reported at estimated fair value as estimated by a broker/dealer. Investments of the pension trust fund are also carried at fair value. Securities of the pension trust fund traded on a national or international exchange are valued at the last reported sales price at current exchange rates. All non-negotiable long-term certificates of deposit are carried at cost. Additional cash and investment disclosures are presented in Note 2.B. and Note 3.A. Receivables In the government-wide statements, receivables consist of all revenues earned at period-end and not yet received. Allowances for uncollectible accounts receivable are based upon historical trends and the periodic aging of accounts receivable. Major receivable balances for the governmental activities include sales and use taxes, franchise taxes, grants, police fines, ambulance fees. Business-type activities report utilities as its major receivables. In the fund financial statements, material receivables in governmental funds include revenue accruals such as sales tax, franchise tax, tax increment revenue, and grants and other similar intergovernmental revenues since they are usually both measureable and available. Non-exchange transactions collectible but not available are deferred in the fund financial statements in accordance with modified accrual, but not deferred in the government-wide financial statements in accordance with the accrual basis. Interest and investment earnings are recorded when earned on if paid within 60 days since they would be considered both measurable and available. Proprietary fund material receivables consist of all revenues earned at period-end and not yet received. Utility accounts receivable (such as electric, water, wastewater, sanitation and drainage revenues) comprise the majority of proprietary fund receivables. Allowances for uncollectible accounts receivable are based upon historical trends and the periodic aging of accounts receivable. 47

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Inventories Inventories are valued at the lower of cost and net realizable value. The cost of governmental funds inventories are recorded as expenditures when consumed rather than when purchased because they are immaterial. Restricted Assets Restricted assets include current assets of enterprise funds and business-type activities that are legally restricted as to their use. The primary restricted assets are related to revenue bond and promissory note trustee accounts restricted for debt service and deposits held for refund. Restricted assets of the component unit consist of program income from revolving grants restricted as to use. Capital Assets and Depreciation The accounting treatment of property, plant and equipment (capital assets) depends on whether the assets are used in governmental fund type or proprietary fund operations and whether they are reported in the government-wide or fund financial statements. Government-Wide Statements In the government-wide financial statements, property, plant and equipment are accounted for as capital assets. The City’s capitalization threshold is $7,500. All capital assets are valued at historical cost, or estimated historical cost if actual is unavailable, except for donated capital assets, donated works of art and similar items which are recorded at their acquisition value at the date of donation. General infrastructure assets (such as roads, bridges, and traffic systems) acquired prior to July 1, 2002, are reported at estimated historical cost using deflated replacement costs. The cost of normal maintenance and repairs to these assets that do not add materially to the value of the asset or materially extend the assets’ useful lives are not capitalized Depreciation of all exhaustible capital assets is recorded as an operating expense in proprietary fund financial statements and an allocated expense in the Statement of Activities, with accumulated depreciation reflected in the Statement of Net Position. Depreciation is provided over the assets’ estimated useful lives using the straight-line method of depreciation. The range of estimated useful lives by type of asset is as follows: Buildings Other Improvements Infrastructure Equipment and vehicles Water rights

15 - 50 years 5 - 50 years 50-100 years 2 - 40 years 25-50 years

In the governmental fund financial statements, capital assets acquired are accounted for as capital outlay expenditures. Long-Term Debt Accounting treatment of long-term debt varies depending upon the source of repayment and the measurement focus applied and whether the debt is reported in the government-wide or fund financial statements. All long-term debt to be repaid from governmental activities, business-type activities, proprietary fund and component unit resources are reported as liabilities as incurred. The long-term debt consists primarily of accrued compensated absences, general obligation bonds payable, and revenue bonds payable. This long-term debt is reported net of unamortized premiums and discounts. Amounts deferred from refundings and shown as deferred inflows or outflows. Long-term debt of governmental funds is not reported as liabilities in the fund financial statements. The debt proceeds are reported as other financing sources and payment of principal and interest reported as expenditures.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Compensated Absences Under terms of union contracts and City personnel policies, City employees are granted vacation and sick leave in varying amounts. In the event of termination, a civilian employee is paid for accumulated vacation up to 300 hours earned. Upon retirement, 33-1/3% of accumulated sick leave up to a maximum of 300 hours is converted to vacation time for non-union employees, subject to certain limitations. For firemen, sick leave hours are converted three to one to vacation hours not to exceed 400 hours at retirement plus 480 maximum vacation (suppression) and 288 maximum vacation (non-suppression). For police officers, sick leave hours are converted two to one with a maximum of 400 hours plus maximum of 320 vacation hours at retirement. The estimated liabilities for vested benefits also include salary-related payments such as employment taxes. Compensated absences are reported as accrued in the government-wide, proprietary, fiduciary and component unit financial statements. Governmental funds report only the matured compensated absences payable to currently terminating employees; however, the compensated absences obligation is reported as a fund balance reserve in compliance with the State Constitution. Deferred Outflow/Inflows of Resources In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. At the government fund level, the City does not recognizes any deferred outflows. At the enterprise fund level and government-wide level, the City recognizes deferred outflows related a refunding, deferred amounts related to pensions and deferred amounts related to OPEB. In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period (s) and so will not be recognized as an inflow of resources (revenue) until that time. The government has at the fund level only one type of item, which arises only under a modified accrual basis of accounting that qualifies for reporting in this category. Accordingly, the item, unavailable revenue, is reported only in the governmental funds balance sheet. The governmental funds report unavailable revenues from two sources: property taxes and special assessments. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. At the government wide level and proprietary fund level, deferred inflows are for reporting the fair value of a hedging derivative, amounts related to pensions, and amounts related to OPEB. Equity Classifications Government-Wide and Proprietary Fund Financial Statements: Equity is classified as net position and displayed in three components: a.

b. c.

Net investment in capital assets - Consists of capital assets including restricted capital assets and bond construction proceeds, net of accumulated depreciation and reduced by the outstanding balances of any bonds, mortgages, notes or other borrowings that are attributable to the acquisition, construction, or improvement of those assets. Restricted net position - Consists of net position with constraints placed on the use either by 1) external groups such as creditors, grantors, contributors, or laws or regulations of other governments, or 2) law through constitutional provisions or enabling legislation. Unrestricted net position - All other net position that does not meet the definition of “restricted” or “net investment in capital assets”.

It is the City’s policy to first use restricted net position prior to the use of unrestricted net position when an expense is incurred for purposes for which both restricted and unrestricted net position are available.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Governmental Fund Financial Statements: Governmental fund equity is classified as fund balance. Fund balance is further classified as nonspendable, restricted, committed, assigned and unassigned. These classifications are defined as: a)

Nonspendable-includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact. b) Restricted-consists of fund balance with constraints placed on the use of resources either by (1) external groups such as creditors, grantors, contributors, or laws or regulations of other governments, or (2) laws through constitutional provisions or enabling legislation. c) Committed-included amounts that can only be used for specific purposed pursuant to constraints imposed by formal action of the city’s highest level of decision-making authority. The City’s highest level of decision-making authority is made by ordinance. City Council adopts an ordinance that establishes this constraint. d) Assigned-includes amounts that are constrained by the City’s intent to be used for specific purposed but are neither restricted nor committed. Assignments of fund balance may be made by city council action or management decision when the city council has delegated that authority. Assignments for transfers and interest income for governmental funds are made through budgetary process. e) Unassigned-represents fund balance that not been assigned to other funds and has not been restricted, committed, or assigned to specific purposes within the general fund. The general fund is the only fund that reports a positive unassigned fund balance.

It is the City’s policy that expenditures for which more than one category of fund balance could be used, that the order of use is: restricted, committed, assigned and unassigned. The City Council adopted the budget which designates the amount to the specific categories. In an effort to ensure the continuance of sound financial management of public resources, the City of Edmond’s Unassigned Fund Balance within the General Fund will be maintained to provide the City with sufficient working capital and a comfortable margin of safety to address emergencies, sudden loss of revenue or operating needs, and unexpected downturns. This policy established the amounts the City will strive to maintain in its General Fund unassigned balance, the conditions under which fund balance may be spent, and the method by which fund balance will be restored. These amounts are expressed as goals, recognizing that fund balance levels can fluctuate from year to year in the normal course of operations for any local government. The City will strive to maintain an Unassigned Fund Balance in the General Fund of (10%). This is determined by adding all new budgeted revenues, plus the Edmond Public Works Authority’s transfers-in, divided by the Unassigned Fund Balance. It is management’s express intent to identify a “not-to-exceed” amount of $1,000,000 as part of the 10% minimum fund balance for unexpected, large-scale events where damage in excess of $250,000 is incurred and immediate, remedial action must be taken to protect the health and safety of residents (e.g. floods, fires, storm damage). Of the $1,000,000 part of the General Fund’s Unassigned Fund Balance, it is management’s intent to not use any portion of this balance unless such emergencies occur. It is the goal of the City to limit use of any Unassigned Fund balances less than 10% to address non-recurring needs, otherwise approved by the City Council. Unassigned Fund balances of less than the 10% minimum as described above shall not normally be applied to recurring annual operating expenditures. Unassigned balances within the General Fund may, however, be used to allow time for the city to restructure its operations in a deliberate manner, but such use will only take place in the context of long-term financial planning. 1.E. INTERNAL AND INTERFUND BALANCES AND ACTIVITIES In the process of aggregating the financial information for the government-wide financial, some amounts reported as interfund activity and balances in the fund financial statements have been eliminated or reclassified.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Government-Wide Financial Statements: Interfund activity and balances, if any, are eliminated or reclassified in the government-wide financial statement as follows: a. Internal balances - amounts reported in the fund financial statements as interfund receivables and payables are eliminated in the governmental and business-type activities columns of the statement of net position, except for the net residual amounts due between governmental and business-type activities, which are reported as Internal Balances. b.

Internal activities - amounts reported as interfund transfers in the fund financial statements are eliminated in the government-wide statement of activities except for the net amount of transfers between governmental and business-type activities, which are reported as Transfers - Internal Activities. The effects of interfund services between funds are not eliminated in the statement of activities.

Primary government and component unit activity and balances - resource flows between the primary government (the City and EPWA) and the discretely-presented component units (the Historical Preservation Trust and EEDA) are reported as if they were external transactions.

Fund Financial Statements: Interfund activity, if any, within and among the governmental, proprietary fund and fiduciary categories is reported as follows in the fund financial statements: 1.

Interfund loans - amounts provided with a requirement for repayment are reported as interfund receivables and payables.

Interfund services - sales or purchases of goods and services between funds are reported as revenues and expenditures/expenses.

Interfund reimbursements - repayments from funds responsible for certain expenditures/expenses to the funds that initially paid for them are not reported as reimbursements but as adjustments to expenditures/expenses in the respective funds.

Interfund transfers - flow of assets from one fund to another where repayment is not expected are reported as transfers in and out.

1.F. REVENUES, EXPENDITURES AND EXPENSES Sales Tax The City levies a three and three-fourth cent sales tax on taxable sales within the City. The sales tax is collected by the Oklahoma Tax Commission and remitted to the City in the month following receipt by the Tax Commission. The sales tax is recorded as follows: 2 cents recorded as revenue within the General Fund then transfers .75 of one cent to the Water Enterprise Fund as required by the bond indenture for debt service. Any unused portion is transferred back to the General Fund. 1/8 cent recorded as revenue within the Park Sales Tax Fund to account for operations and facility improvement costs of the City’s park and recreation system. 3/4 cent recorded as revenue within the 2000 Capital Improvement Tax Fund to account for capital improvements as recommended to the City Council by the Capital Financing Task Force.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

1/4 cent recorded as revenue within the Fire Public Safety Limited Tax Fund to account for improvements to the fire department per voter approval. 1/8 cent recorded as revenue within the Police Public Safety Limited Tax Fund to account for improvements to the police department per voter approval. 1/2 cent recorded as revenue within the 2017 Capital Improvement Fund to account for capital projects approved by Capital Improvement Project Advisory Board.

Sales tax resulting from sales occurring prior to year-end and received by the City after year end have been accrued and is included under the caption Due from Other Governments because they represent taxes on sales occurring during the reporting period. Police and Fire Public Safety Funds Revenue An ordinance passed and approved by the citizens of Edmond requires that 30% of General Fund revenues (defined as taxes, licenses and permits, fines and forfeitures, charges for services, interest and miscellaneous revenues) be used for funding fire department operations and that 36.8% of these same General Fund revenues be used for funding police department operations. Effective July 1, 2001 all fire and police expenditures were accounted for in the limited purpose sales tax special revenue funds. The special revenue funds also receive sales tax (approved in the same ordinance referenced above) of one-fourth percent for the fire department and one-eighth percent for the police department. Those sales taxes can only be expended for additional personnel and equipment for additional personnel, additional equipment for firefighting and law enforcement purposes, and also for competitive compensation and benefits for existing and retired firefighters and officers. The ordinance further states that expenditures will not be charged against the sales tax revenues until the General Fund revenues have first been used or encumbered. Hospital Sales Trust Fund Principal and Income In 1981, the City sold the Edmond Memorial Hospital for approximately $7,200,000. The majority of the proceeds are invested in a trust account. According to trust agreement terms, the earnings and interest of the trust funds can be used by the City for capital improvements. The principal of the trust must also be used for capital improvements, but its use must first be approved by a vote of the citizens of the City. Edmond voters approved a half-cent sales tax on October 11, 2011 and allowed the City to loan itself money out of the $7.2 million Hospital Trust Fund, but is contingent upon paying the borrowed funds back with interest. Pension Contributions For purposes of measuring the net pension liability, deferred outflows or resources and deferred inflows of resources related to pensions, and pension expense, amounts and disclosures have been prepared using the accrual basis of accounting. Employee and employer contributions are recognized as System revenues in the period in which they are due to the plan. Benefits and refunds are recognized when due and payable pursuant to plan provisions. Investments are reported at fair value. Property Tax Under State law municipalities are limited in their ability to levy a property tax. Such tax may only be levied to repay principal and interest on general obligation bonded debt approved by voters and any court-assessed judgments. At the present time the City levies a property tax for court-assessed judgments only. There are currently no court assessed judgments against the City. Article 10, Section 26 of the Constitution of the State of Oklahoma limits municipal debt to be repaid with property tax to 10% of the net assessed valuation of property. The city currently has no debt outstanding under this provision.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Pledge of Future Revenues Sales Tax Pledge - The City has pledged three-fourth cents (or 20%) of future sales tax revenues to repay $291,750,000 of Series 2010, 2012, 2013, 2014, 2014B, 2015, 2016, and 2017 Sales Tax and Utility System Bonds. Proceeds from the bonds provided financing for capital assets. The bonds are payable from pledged sales tax revenues and further secured by net electric, water, wastewater, and sanitation revenues. The bonds are payable through 2021, 2023, 2023, 2024, 2026, 2024, 2047, 2048, respectively. The total principal and interest payable for the remainder of the life of these bonds is $388,863,076. Pledged sales taxes received in the current year were $14,179,329 for the bonds and the net utility revenues were $52,561,156. Debt service payments for the bonds of $24,330,904 for the current fiscal year were 172% of the pledged sales taxes and 36% of both pledged sales taxes and utility revenues. Utility Net Revenues Pledge – The City has also pledged future net electric, water, wastewater, and sanitation revenues to repay $288,645,000 of 2010, 2014, 2015, 2016, and 2017 Series Utility System Revenue Bonds and $3,726,484 of 2005 OWRB Notes Payable, $16,085,000 on the General Sales Revenue Note with Bank of America, and $19,000,000 of 2018 OWRB Note Payable. Proceeds from the bonds and notes provided financing for utility system capital assets. The bonds are payable through 2048 while the notes are payable through 2024, 2026, and 2041. The total principal and interest payable for the remainder of the life of these bonds and notes is $400,837,598. The bonds are payable from the above-mentioned utility net revenues and are additionally secured with .75 of one cent (or 20%) of future sales tax revenues. If the net utility revenues are sufficient to service the debt, the pledged sales taxes are transferred back to the General Fund. The total pledged sales taxes for the current fiscal year of $14,179,329 were returned to the General Fund. The debt service payments on the bonds and notes this year were $20,642,341 which was 33.2% of pledged net utility revenues of $62,269,254 and 27.0% of both pledged utility revenues and pledged sales taxes. Expenditures and Expenses In the government-wide statement of activities, expenses, including depreciation of capital assets, are reported by function or activity. In the governmental fund financial statements, expenditures are reported by class as current (further reported by function), capital outlay and debt service. In proprietary fund financial statements, expenses are reported by object or activity. Fiduciary funds report additions and deductions to net position. 1.G. USE OF ESTIMATES The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures; accordingly, actual results could differ from those estimates. NOTE 2. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY By its nature as a local government unit, the City and its component units are subject to various federal, state and local laws and contractual regulations. An analysis of the City’s compliance with significant laws and regulations and demonstrations of its stewardship over City resources follows. 2.A. DEFICIT FUND BALANCES OR NET POSITION Title 11, Section 17-211 of the Oklahoma Statutes prohibits the creation of a deficit fund balance in any individual fund of the City (excluding public trusts). At June 30, 2020, due to timing issues caused by generally accepted accounting principles, the City reported a deficit in the CDBG Entitlement Fund. 2.B. DEPOSITS AND INVESTMENTS REQUIREMENTS The Treasurer is authorized to invest funds in such securities as provided by Oklahoma State Statutes. The City’s General/Operating and Public Works Authority Funds Investment Policy may be more restrictive than that allowed by state statute. The securities authorized by the approval of this policy shall be: a.

Direct obligations of the United States Government, its agencies or instrumentalities to the payment of which the full faith and credit of the Government of the United States is pledged or obligations to the payment of which the full faith and credit of the State of Oklahoma is pledged; or 53

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Collateralized or insured certificates of deposits of savings and loan associations, banks, savings banks and credit unions located in this state, when the certificates of deposit are secured by acceptable collateral as provided in Oklahoma State Title 62, Section 517.5 or fully insured certificates of deposit at banks, savings banks, savings and loan associations and credit unions located out of state; or

Savings accounts or saving certificates of savings and loan associations, banks, and credit unions, to the extent that the accounts or certificates are fully insured by the Federal Deposit Insurance Corporation; or

Investments as authorized by Oklahoma State Title 62, Section 348.3 which are fully collateralized in investments specified in paragraphs 1 through 3 of this section, and where the collateral has been deposited with a trustee or custodian bank in an irrevocable trust or escrow account established of such purposes; or

County, municipal or school district direct debt obligations for which an ad valorem tax may be levied or bond and revenue anticipation notes, money judgments against such county, municipality or school district ordered by a court of record or bonds or bond and revenue anticipations notes issued by a public trust for which such county, municipality or school district is a beneficiary thereof. All collateral pledged to secure public funds shall be valued at no more than market value. The income received from the investment may be place in the general fund of the governmental subdivision to be used for general governmental operations, the sinking fund, the building fund, or the fund from which the investment was made.

Obligations of the United States government, its agencies and instrumentalities;

Collateralized or insured certificates of deposits and other evidences of deposit at banks, saving banks, savings and loan associations and credit unions located within the state; or full insured certificates of deposit and banks, savings banks, savings and loan associations and credit unions located out of state;

Negotiable certificates of deposit issued by a nationally or state-charted bank, savings bank, a savings and loan association or a state-licensed branch of a foreign bank. Purchases of negotiable certificates of deposits shall not exceed ten percent (10%) of the surplus funds of the city or county which may be invested pursuant to this section. Not more than one-half (1/2) of the ten percent (10%) limit shall be invested in any one financial institution specified in this paragraph;

Prime banker’s acceptances which are eligible for purchase by the Federal Reserve System and which do not exceed two hundred seventy (270) days’ maturity. Purchases of prime banker’s acceptances shall not exceed ten percent (10%) of the surplus funds of the city or county which may be invested pursuant to this section. Not more than one-half (1/2) of the ten percent (10%) limit shall be invested in any one commercial bank pursuant to this paragraph;

Prime commercial paper which shall not have a maturity that exceeds one hundred eighty (180) days nor represent more than ten percent (10%) of the outstanding paper of an issuing corporation. Purchases of prime commercial paper shall not exceed seven and one-half percent (7 ½ %) of the surplus funds of the city or county which many be invested pursuant to this section; and

Repurchase agreements that have underlying collateral consisting of those items specified in paragraphs a through e of this subsection.

Money market funds regulated by the Securities and Exchange Commission and which investments consist of those items and those restrictions in paragraphs 1 through 6 of this subsection.

Public trusts created under O.S. Title 60 and pension trust funds are not subject to the above noted investment limitations and are primarily governed by any restrictions in their trust or bond indentures. 2.C. DEBT RESTRICTIONS AND COVENANTS Notes Payable The loan agreement with the Oklahoma Water Resources Board relating to the interim construction note payable of 54

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

the Edmond Public Works Authority contains a number of financial restrictions or covenants. These include covenants requiring a flow of funds through special accounts and a note payable debt service coverage requirement. The note agreement requires net revenues of the system plus pledged and transferred sales tax to be at least 125% of maximum annual debt service. The Note indenture relating to the 2013 General Sales Tax Revenue note payable of the Edmond Public Works contains a number financial restrictions or covenants. Revenue Bond Debt The bond indentures relating to the revenue and sales tax bond issues of the Edmond Public Works Authority and the City contain a number of financial restrictions or covenants. These include covenants requiring a flow of funds through special accounts, required reserve account balances and revenue bond debt service coverage requirement. The 2010, 2012, 2013, 2014, 2014B, 2015, 2016, and 2017 series sales tax and utility revenue bond indentures require (1) a reserve account balance $23,616,479 and (2) net revenues plus pledged and transferred sales tax to be at least 100% of the maximum annual debt service requirements. The City complied with these covenants for the fiscal year ended June 30, 2020. NOTE 3. DETAIL NOTES - TRANSACTION CLASSES/ACCOUNTS The following notes present detail information to support the amounts reported in the basic financial statements for its various assets, liabilities, equity, revenues and expenditures/expenses. 3.A. DEPOSIT AND INVESTMENT RISKS Primary Government: The City of Edmond, including its blended component unit held the following deposits and investments at June 30, 2020. F a ir Va lue F a ir Va lue

Type De m a nd a c c o unts

R a ting

C a te go ry (3)

M a turitie s in Ye a rs De m a nd

n/a

Tim e de po s its

61,435,284

n/a

55,135,284

M o ne y m a rke t funds

67,607,280

n/a

67,607,280

U.S . Tre a s ury Obliga tio ns

83,694,537

(1)

Le ve l I

44,466,176

39,228,361

U.S . Go ve rnm e nt s po ns o re d e nte rpris e s

90,480,875

(2)

Le ve l II

56,460,124

34,020,751

M utua l F unds -fixe d inc o m e

22,272,217

Le ve l I

$ 64,852,795

6 - 10

n/a

390,342,988

1- 5

64,852,795

S ub-to ta l

$ 64,852,795

Le s s Tha n One

6,300,000 -

223,668,864

79,549,112

22,272,217

$ 22,272,217

M utua l F unds : Alte rna tive Equity F unds S ub-to ta l M utua l F unds

n/a

Le ve l I

n/a

Le ve l I

n/a

Le ve l I

51,817,095

C o m m o n a nd pre fe rre d s to c k To ta l Inve s tm e nts

4,288,269 47,528,826

2,244,309 $

444,404,392

R e c o nc ilia tio n to S ta te m e nt o f Ne t P o s itio n: C a s h a nd c a s h e quiva le nts

Inve s tm e nts

71,576,731 201,769,447

C urre nt re s tric te d c a s h a nd c a s h e quiva le nts

35,981,110

C urre nt re s tric te d inve s tm e nts

7,077,169

No nc urre nt re s tric te d c a s h a nd c a s h e quiva le nts

23,848,821

No nc urre nt re s tric te d inve s tm e nts

26,798,740

P e ns io n re tire m e nt fund a s s e ts

76,899,342

Age nc y fund c a s h a nd inve s tm e nts

453,032 $

444,404,392

** Unra te d

(1) U.S. obligations include Treasury bills, Treasury notes, and Treasury bonds. U.S. obligations are backed by the full power of the United States government and are guaranteed by the full faith and credit of the United States government. (2) U.S. government sponsored enterprise (GSE) securities are debt issued by a financial intermediary established by the federal government to fund loans for a public purpose. GSE’s lack the explicit backing 55

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

of the U.S. government, but are federally chartered entities. GSE securities are listed below with the corresponding credit ratings: GSE Name  Federal National Mortgage Association (FNMA or “Fannie Mae”)  Federal Home Loan Bank (FHLB)  Federal Farm Credit Banks (FFCB)

S & P Rating AA+

Moody Rating Aaa

AA+ AAA

Aaa Aaa

(3) The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. a. Level 1 Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; b. Level 2 Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset and liability, either directly or indirectly, for substantially the full term of the financial instrument; c. Level 3 Inputs to the valuation methodology are unobservable. An entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities are used for determining the fair value of the assets or liabilities. Custodial Credit Risk – Exposure to custodial credit risk related to deposits exists when the City holds deposits that are uninsured and uncollateralized; collateralized with securities held by the pledging financial institution, or by its trust department or agent but not in the City’s name; or collateralized without a written or approved collateral agreement. Exposure to custodial credit risk related to investments exists when the City holds investments that are uninsured and unregistered, with securities held by the counterparty or by its trust department or agent but not in the City’s name. The City’s policy as it relates to custodial credit risk is to secure its uninsured deposits with collateral, valued at no more than market value, at least at a level of 102% of the uninsured deposits and accrued interest thereon. The investment policy also limits acceptable collateral to U.S. Treasury securities and direct debt obligations of municipalities, counties, and school districts in the state of Oklahoma. As required by Federal 12 U.S.C. Section 1823(e), all financial institutions pledging collateral to the City must have a written collateral agreement approved by the board of directors or loan committee. At June 30, 2020, the City was not exposed to custodial credit risk as defined above. Investment Credit Risk – The City’s investment policy limits investments to those with a maturity no more than five years from the date of purchase. These investment limitations are described in Note 2B. Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The City has no formal policy limiting investments based on credit rating, but discloses any such credit risk associated with their investments by reporting the credit quality ratings of investments in debt securities as determined by nationally recognized statistical rating organizations—rating agencies—as of the year end. Unless there is information to the contrary, obligations of the U.S. government or obligations explicitly guaranteed by the U.S. government are not considered to have credit risk and do not require disclosure of credit quality. The credit ratings of other City investments are listed in the schedule above. The fair value of the City’s forward sales agreements are fully exposed to credit risk. The forward sales agreements require the counterparty to notify the trustee, EPWA, and the bond insurer if any of the long-term unsecured outstanding debt of the guarantor falls below A- by S&P and below A3 by Moody’s or is unrated by either rating agency. Upon such notice, the trustee or EPWA may (1) direct the counterparty to either assign the agreements to an acceptable transferee, (2) provide a guaranty issued by an acceptable guarantor, or (3) terminate the agreements without penalty. Investment Interest Rate Risk – Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The City’s investment policy limits investments to those with a maturity no more than five years from the date of purchase, except for reserve and pension trust funds, as a means of managing exposure 56

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

to fair value losses arising from increasing interest rates. The City discloses its exposure to interest rate risk by disclosing the maturity dates of its various investments. The derivative instruments mature between 4 and 8 years. Concentration of Investment Credit Risk - Exposure to concentration of credit risk is considered to exist when investments in any one issuer represent a significant percent of total investments of the City (any over 5% are disclosed). Investments issued or explicitly guaranteed by the U.S. government and investments in mutual funds, external investment pools, and other pooled investments are excluded from this consideration. At June 30, 2020, the City had a total portfolio concentration of credit risk in the following investments: FFCB 6.29%, FHLB 10.29%, and FNMA 7.65%. Pension Plan Investments: The Plan policy provides that assets be invested to provide for total return. The plan shall be invested in a diversified portfolio, consisting primarily of common stocks, bonds, cash equivalents, and other investments, which may reflect varying rates of return. The overall rate of return objective of the portfolio is a reasonable “real” rate, consistent with the risk levels established by the Pension Board. The minimum acceptable long-term rate of return over a full market cycle (3 to 5 years) is that which equals or exceeds the actuarial assumptions. The Pension Board has also established an annual target return objective, which may be changed from time to time, but is currently 7.25 %, net of fees. This return objective currently meets the actuarial assumption of 7.25%. Asset allocation guidelines for the Plan are as follows: Class Fixed Income Large Cap Equities Small Cap Equities International Equities Emerging Market Equities Real Estate Commodities

Targe t Pe rce nt 22% 22% 7% 17% 10% 5% 4%

June 2020 Pe rce nt 27% 26% 7% 20% 11% 3% 0%

Master Limited Partnerships

10%

Other

Rate of return. For the year ended June 30, 2020, the annual money-weighted rate of return on pension plan investments, net of pension plan investment expense, was (1.34) percent. The money-weighted rate of return expresses investment performance, net of investment expense, adjusted for the changing amounts actually invested. Component Units: Total bank deposits of the EEDA component unit were $512,333 at June 30, 2020 and were properly insured and collateralized. In addition, deposits of the Historical Preservation Trust of $49,071 were fully collateralized. Derivatives - Investment Securities Forward Sale Contract: The City has entered into multiple forward contracts for the continuous investment of various debt service and reserve funds in “eligible securities”. “Eligible securities” are defined in the various forward contracts as those securities generally allowable as investments by municipalities under Oklahoma law. By entering into these agreements, the City seeks to ensure fixed rates of return while providing cash flow streams to match related principal and interest payments. No cash was paid or received when the contracts were initiated. The notional (or contract) amounts vary over the life of the contracts along with the balances in the funds. With regards to debt service funds, the notional amount at each delivery date is the amount the City is required to 57

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

maintain on deposit in the Debt Service Fund pursuant to the bond indenture of the associated debt. The notional amount for forward contracts related to reserve funds is the reserve fund balance available for investment; not to exceed the reserve requirement of the associated debt. The change in fair value is reported as deferred inflow of resources.

Effective Date

Associated Debt

T ermination Contract Change in Fair Date Interest Rate Value

Fair Value at June 30, 2020

Credit Rating

Counterparty

Gove rnme ntal activitie s: 2010 Sales T ax & Utility Revenue Bonds: Reserve Fund

5/13/2003

7/1/2021

4.570%

(111,632)

111,669 JPMorgan

A+

7/1/2023

4.650%

(61,527)

184,816 JPMorgan

A+

2012 Sales T ax & Utility Revenue Bonds: Reserve Fund

5/13/2003

2014 Sales T ax & Utility Revenue Bonds: Debt Service

8/24/2004

7/1/2024

4.500%

(25,734)

109,755 JPMorgan

A+

Reserve Fund

8/24/2004

7/1/2024

4.876%

(67,449)

275,973 JPMorgan

A+

Total gove rnmental activitie s:

(266,342) $

682,213

Business-type Activities:

2014 Sales T ax & Utility Revenue Bonds: Debt Service

8/24/2004

7/1/2024

4.500%

(23,181)

98,865 JPMorgan

A+

Reserve Fund

8/24/2004

7/1/2024

4.876%

(60,757)

248,592 JPMorgan

A+

(83,938) $

347,457

(350,280) $

1,029,670

Total business-type activitie s:

Total

Fair value was determined using expected cash flows discounted to the treasury curve at June 30, 2020. Credit risk – The counterparty to the forward sale contract derivative agreements is JPMorgan serving as guarantor. At June 30, 2020, the counterparty’s credit ratings were A+. Termination risk – The City or its counterparties are subject to termination risk if the bonds for which the debt service and reserve funds relate are redeemed, refunded, or defeased. If the bonds are redeemed, refunded or defeased in whole, then immediately upon payment of the termination value then the agreement shall terminate. If the bonds are redeemed or defeased in part, then the Termination Value shall be determined based on the portion of the agreement which will terminate and immediately upon payment of the termination value, this agreement shall terminate in part and the balance of this agreement shall remain in effect, the Reserve Requirement shall be amended to reflect that portion of the agreement that has been terminated. 3.B. RECEIVABLES Accounts Receivable Accounts receivable of the business-type activities consist of customers utilities services provided, both billed and unbilled, due at year end, reported net of allowance for uncollectible amounts. The governmental activities receivables include fines, other taxes, and miscellaneous receivables as follows: 58

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Business-T ype Activities:

Electric Fund Utilities Receivable

Water Fund

$ 15,321,742

Less: allowance for uncollectible accounts Utilities receivable, net of allowance

$ 4,451,394

(1,417,920) $ 13,903,822

Wastewater Fund

Sanitation Fund

$ 2,546,665

$ 1,332,773

(284,768)

(306,348)

$ 4,166,626

Drainage Fund $

251,165

212,630

(143,324)

$ 2,240,317

$ 1,189,449

(38,535)

T otal $ 23,903,739 (2,190,895) $ 21,712,844

Other Receivables-Business-T ype Activities

639,522

T otal Accounts Receivable-Business-T ype Activities

$ 22,352,366

Governmental Activities:

Fines Receivable Other receivables

Less: allowance for uncollectible accounts Other receivables, net of allowance

2,978,161

Other T axes Receivable $

785,011

T otal

$ 1,334,064

$ 4,684,660

372,435

(2,193,150) $

Miscellaneous Receivables

372,435

(2,193,150)

$ 1,334,064

$ 2,491,510

3.C. RESTRICTED ASSETS The amounts reported as restricted assets of the business-type activities are comprised of assets held by the trustee bank on behalf of the EPWA related to their required revenue note and bond accounts, deposits held for refund and EEDA restricted accounts related to revolving loan program income. Governmental activity restricted assets are comprised of assets held by a trustee bank on behalf of the City related to required revenue bond accounts. Current Cash and cash equivalents

Noncurrent Cash and cash equivalents Investments

Investments

T otal

Primary Government Governmental Activities: Revenue bond trustee accounts

Workers' compensation escrow

10,713,481

466,536

T otal Governmental Activities

7,889,157

1,523,679

11,180,017

12,377,201

18,602,638

20,592,853

28,728,951

1,523,679

7,889,157

392,086

1,990,215

Business-type Activities: Revenue bond trustee accounts Deposits held for refund Deposits held for construction T otal Business-type Activities

15,959,664

5,150,922

12,423,892

10,482

26,798,740

39,233,114

24,801,093

5,553,490

15,959,664

26,798,740

73,112,987

Component Unit: The Edmond Economic Development Authority (EEDA) restricted assets at year-end included the following: Current Cash and cash equivalents, program income Total

41,662

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

3.D. CAPITAL ASSETS Capital asset activity for the fiscal year ended June 30, 2020 was as follows: B a la nc e a t J uly 1, 2019

Additio ns

De duc tio ns

B a la nc e a t J une 30, 2020

G o v e rn m e n t a l a c t iv it ie s : No n-de pre c ia ble : La nd C o ns truc tio n-in-pro gre s s

To ta l no n-de pre c ia ble a s s e ts a t his to ric a l c o s t

17,742,953 32,595,008

17,564,420

(28,678,428)

17,742,953 21,481,000

50,337,961

17,564,420

(28,678,428)

39,223,953

B uildings

111,872,429

5,100,654

(1,918,201)

115,054,882

Im pro ve m e nts

51,098,540

1,991,586

(17,250)

53,072,876

M a c hine ry a nd e quipm e nt

59,762,251

6,100,386

(1,047,364)

348,801,385

22,372,297

571,534,605

35,564,923

B uildings

(30,221,676)

Im pro ve m e nts

(29,458,571)

M a c hine ry a nd e quipm e nt

De pre c ia ble :

Infra s truc ture To ta l de pre c ia ble a s s e ts a t his to ric a l c o s t

64,815,273

371,173,682

(2,982,815)

604,116,713

(3,256,643)

1,378,938

(32,099,381)

(2,955,851)

5,951

(32,408,471)

(34,245,306)

(3,255,102)

837,301

(190,446,229)

(11,178,045)

(284,371,782)

(20,645,641)

287,162,823

14,919,282

Le s s a c c um ula te d de pre c ia tio n

Infra s truc ture To ta l a c c um ula te d de pre c ia tio n Ne t de pre c ia ble a s s e ts Go ve rnm e nta l a c tivitie s c a pita l a s s e ts , ne t

337,500,784

2,571,192

32,483,702

(36,663,107)

(201,624,274)

2,222,190

(302,795,233)

(760,625) $

(29,439,053)

301,321,480 $

340,545,433

B u s in e s s - t yp e a c t iv it ie s No n-de pre c ia ble : La nd

C o ns truc tio n-in-pro gre s s

2,571,192

164,994,560

79,882,149

(23,146,693)

221,730,016

167,565,752

79,882,149

(23,146,693)

224,301,208

B uildings

30,889,568

6,219,295

Im pro ve m e nts

16,087,047

M a c hine ry a nd e quipm e nt

10,638,725

Inta ngible wa te r rights

30,954,585

To ta l no n-de pre c ia ble a s s e ts a t his to ric a l c o s t De pre c ia ble :

Utility pro pe rty To ta ls de pre c ia ble a s s e ts a t his to ric a l c o s t

406,989 22,182,281

437,810,868

28,808,565

37,108,863

16,087,047

(354,058)

349,240,943

10,691,656

30,954,585

371,423,224

(354,058)

466,265,375

Le s s a c c um ula te d de pre c ia tio n B uildings

(12,310,714)

(1,054,367)

(13,365,081)

Im pro ve m e nts

(6,592,698)

(138,772)

(6,731,470)

M a c hine ry a nd e quipm e nt

(6,709,847)

(479,731)

Inta ngible wa te r rights

(18,693,414)

(644,232)

(181,668,089)

(12,379,004)

(225,974,762)

(14,696,106)

247,451

(240,423,417)

14,112,459

(106,607)

225,841,958

Utility pro pe rty To ta l a c c um ula te d de pre c ia tio n Ne t de pre c ia ble a s s e ts B us ine s s -type c a pita l a s s e ts , ne t

211,836,106 $

379,401,858

93,994,608

247,451

(6,942,127)

(19,337,646)

(194,047,093)

(23,253,300)

450,143,166

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

B a la nc e a t J uly 1, 2019 C o m p o n e n t Un it s : His to ric a l P re s e rva tio n Trus t: No n-de pre c ia ble : La nd C a pita l a s s e ts , no n-de pre c ia ble De pre c ia ble : B uildings To ta ls a t his to ric a l c o s t Le s s a c c um ula te d de pre c ia tio n: M a c hine ry a nd e quipm e nt To ta ls a c c um ula te d de pre c ia tio n C a pita l a s s e ts , de pre c ia ble ne t C a pita l a s s e ts , ne t Edm o nd Ec o no m ic De ve lo pm e nt Autho rity: De pre c ia ble : M a c hine ry a nd e quipm e nt To ta ls a t his to ric a l c o s t Le s s a c c um ula te d de pre c ia tio n: M a c hine ry a nd e quipm e nt

De duc tio ns

B a la nc e a t J une 30, 2020

340,611 340,611 (294,233) (294,233) 46,378

343,915 343,915

(30,509) (30,509) (27,205)

(324,742) (324,742) 19,173

119,623

(8,288) (8,288)

47,766 47,766

146,828

(27,205)

50,019 50,019

6,035 6,035

(37,630)

(5,773)

7,817

(37,630)

(5,773)

7,817

12,389

100,450 100,450

3,304 3,304

To ta l a c c um ula te d de pre c ia tio n C a pita l a s s e ts , ne t

100,450 100,450

Additio ns

262

(471)

(35,586) (35,586) $

12,180

Depreciation expense was charged to functions in the statement of activities as follows: Depreciation expense charged to governmental activities: General government Public safety Streets and highways Culture and recreation Health and welfare

In addition, depreciation on capital assets held by the City's internal service funds is charged to the various functions based on their usage of the assets T otal governmental activities depreciation expense

1,042,517 2,099,295 12,200,626 2,404,543 221,791 2,676,869

20,645,641

Electric Water Sanitation Wastewater Arcadia Lake Drainage Golf Course

3,437,842 7,806,470 14,764 3,126,575 202,063 66,375 42,017

T otal business-type activities depreciation expense

14,696,106

Depreciation expense charged to business-type activities:

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

3.E. LONG-TERM DEBT The reporting entity's long-term debt is segregated by the amounts involving governmental activities, business-type activities and component units. Governmental Activities Long-Term Debt As of June 30, 2020, the governmental activities long-term debt consisted of the following: Accrued Compensated Absences: Accrued compensated absences reported in the governmental activities are comprised of accrued vacation leave. Current portion Non-current portion Total Accrued Compensated Absences

$ $

466,830 4,201,440 4,668,270

Revenue Bonds Payable (direct placement): 2010 Series Sales Tax and Utility System Bonds, dated December 30, 2010, issued by the Edmond Public Works Authority, secured by utility revenues and pledged sales tax, interest rates at 2.84%, final maturity July 1, 2021. The bond’s debt service is currently paid with the restricted sales tax. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of arties under provisions of the indenture, security agreement or the lease agreement. $

1,515,000

Revenue Bonds Payable: 2012 Refunding Series Sales Tax and Utility System Bonds, dated August 16, 2012, issued by the Edmond Public Works Authority, secured by utility revenues and pledged sales tax, interest rates at 2.06%, final maturity July 1, 2023. The bond’s debt service is currently paid with the restricted sales tax. 2013 Series Sales Tax and Utility System Bonds, dated May 14, 2013, issued by the Edmond Public Works Authority, secured by utility revenues and pledged sales tax, interest rates at 1.68%, final maturity July 1, 2023. The bond’s debt service is currently paid with the restricted sales tax. 2014 Refunding Series Sales Tax and Utility System Bonds, dated April 3, 2014, issued by the Edmond Public Works Authority, secured by utility revenues and pledged sales tax, interest rates at 2.47%, final maturity July 1, 2024. The bond’s debt service is currently paid with the restricted sales tax. 2014B Refunding Series Sales Tax and Utility System Bonds, dated December 9, 2014 issued by the Edmond Public Works Authority, secured by utility revenues and pledged sales tax, interest rate at 2.25%, final maturity July 1, 2026. The bond’s debt service is currently paid with restricted sales tax. Total Revenue Bonds Payable Add: Unamortized Bond Premium Less: Deferred amount on Refunding Total Revenue Bonds Payable (Net)

4,280,000

4,490,000

6,056,145

12,065,000

$ 28,406,145 1,921,527 (561,368) $ 29,766,304 62

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Current portion, net Non-current portion, net Deferred Outflow Total Revenues Bonds Payable, net

7,455,266 22,872,406 (561,368) $ 29,766,304

Business-type Activities Long-Term Debt As of June 30, 2020, the long-term debt payable from enterprise fund resources consisted of the following: Revenue Bonds Payable: 2014 Refunding Series Sales Tax and Utility System Bonds, dated April 3, 2014, issued by the Edmond Public Works Authority, secured by utility revenues and pledged sales tax, interest rates at 2.47%, final maturity July 1, 2024.

$5,249,086

2015 Refunding Series Sales Tax and Utility System Bonds, dated April 2, 2015, issued by the Edmond Public Works Authority, secured by utility revenues and pledged sales tax, interest rates at 1.87%, final maturity July 1, 2023.

9,445,000

2016 Series Sales Tax and Utility System Bonds, dated July 5, 2016, issued by the Edmond Public Works Authority, secured by utility revenues and pledged sales tax, interest rates at 3.00% to 5.00%, final maturity July 1, 2046.

39,595,000

2017 Series Sales Tax and Utility System Bonds, dated October 19, 2017, issued by the Edmond Public Works Authority, secured by utility revenues and pledged sales tax, interest rates at 3.00% to 5.00%, final maturity July 1, 2047.

161,755,000

Total Revenues Bonds Payable Plus: Unamortized Premium Deferred amount on refunding Total Revenues Bonds Payable (Net of unamortized discount) Current portion, net Non-current portion, net Deferred Outflow Total Revenues Bonds Payable, net

$216, 044, 086 15,009,016 (273,288) $ 230,779,814 $ 6,839,734 224,213,368 (273,288) $ 230,779,814

Notes Payable (Direct borrowings): 2005 C Series Construction Drinking Water SRF Promissory Note to Oklahoma Water Resources Board, original issue amount of $3,726,484, secured by utility revenues and pledged sales tax, administrative fee of .5%, final maturity September 15, 2024. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of arties under provisions of the agreement. (direct borrowing)

$859,957

2013 Refunding General Sales Tax Revenue Note to Bank of America, original issue amount of $16,085,000 secured by utility revenues and pledged sales tax, interest rate of 2.86%, final maturity of July 1, 2026. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of arties under provisions of the indenture, security agreement or lease agreement. (private placement)

8,695,000

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

2018 Series Construction Drinking Water SRF Promissory Note to Oklahoma Water Resources Board, original issue amount of $19,000,000, secured by utility revenues and pledged sales tax, administrative fee of .5%, interest rate of 2.36%, final maturity September 15, 2040. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of arties under provisions of the indenture, security agreement or lease agreement. (direct borrowing)

8,186,707 $ 17,741,664

Current portion Non-current portion Total Note Payable

$ 1,926,102 15,815,562 $ 17,741,664

Accrued Compensated Absences: Accrued compensated absences reported in the business-type activities are comprised of accrued vacation leave: Current portion Non-current portion Total Accrued Compensated Absences

$ 85,973 773,757 $859,730

Component Unit Long-Term Debt Accrued Compensated Absences: Accrued compensated absences reported as a fund liability within the EEDA component unit statement of net position at June 30, 2020, are as follows: Current portion Non-current portion Total Accrued Compensated Absences

$3,884 34,952 $38,836

Changes in Long-Term Debt - Primary Government The following is a summary of changes in long-term debt for the year ended June 30, 2020: B a la nc e J uly 1, 2019

Additio ns

B a la nc e J une 30, 2020

Am o unt due in o ne ye a r

26,891,145

$ 5,940,266

1,475,000

1,515,000

2,846,069

4,668,270

466,830

De duc tio ns

G o v e rn m e n t a l A c t iv it ie s : R e ve nue B o nds P a ya ble

32,610,913

R e ve nue B o nds P a ya ble (dire c t pla c e m e nt)

2,990,000

Ac c rue d C o m pe ns a te d Abs e nc e s

4,322,050

3,192,289

5,719,768

$ 39,922,963

3,192,289

10,040,837

33,074,415

$ 7,922,096

4,864,641

1,411,103

17,741,664

B u s in e s s - t yp e A c t iv it ie s : No te P a ya ble (dire c t bo rro wings ) C a pita l Le a s e Obliga tio ns P a ya ble R e ve nue B o nds P a ya ble Ac c rue d C o m pe ns a te d Abs e nc e s

14,288,126 5,044

5,044

222,557,449

6,513,363

216,044,086

831,867 $ 237,682,486

587,904 $

5,452,545

1,926,102 6,839,734

560,041

859,730

85,973

8,489,551

$ 234,645,480

$ 8,851,809

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Accrued compensated absences liability is liquidated by the General Fund, Police Public Safety Limited Tax Fund, and the Fire Public Safety Limited Tax Fund. Debt Service Requirements to Maturity - Primary Government The annual debt service requirements to maturity for long-term debt as of June 30, 2020 are as follows: Gove rnmental-Type Activities Revenue Bonds Payable Year Ending June 30,

Principal

2021

Revenue Bonds Payable (private placement)

Interest

5,940,266

Principal

951,612

Interest

1,515,000

43,026

2022

6,115,246

774,476

2023

6,310,486

579,291

2024

3,460,726

352,772

2025

2,140,000

208,250

2026-2030

2,924,421

101,250

T otal

26,891,145

2,967,651

1,515,000

43,026

Business-Type Activities Notes Payable (direct borrowings) Year Ending June 30, 2021

Principal $

Revenue Bonds Payable

Interest

1,926,102

Principal

797,259

Interest

6,839,734

8,999,438

2022

2,441,102

729,591

7,089,754

2023

2,481,102

663,986

7,374,514

8,735,774 8,457,734

2024

2,521,102

597,240

9,949,274

8,149,953

2025

2,465,549

529,344

4,645,000

7,709,750

2026-2030

6,745,000

1,854,353

26,305,000

35,363,950

2031-2035

4,750,000

1,120,763

32,695,000

28,895,025

2036-2040

4,750,000

441,513

39,580,000

21,840,313

2041-2045

475,000

6,793

48,910,000

12,288,787

32,655,810

2,046,675

2046-2049

less amount not drawn Total

(10,813,293) $

17,741,664

6,740,842

216,044,086

142,487,399

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Defeased Bonds Outstanding The City, through its various public trusts, has in substance defeased a number of outstanding bond issues by placing deposits in irrevocable trusts (escrow accounts) for the purchase of U.S. government securities to pay the principal and interest on the refunded bonds as they become due and payable. For financial reporting purposes, both the defeased bonds outstanding and the escrowed securities have been excluded from the financial statements. At year-end, the remaining outstanding defeased bonds were as follows: Outstanding at June 30, 2020 Primary Government: Utility System Revenue Bonds, Series 2003B $475,000 Utility System Revenue Bonds, Series 2004 4,945,000 Sales Tax and Utility Revenue Bonds, Series 2004 6,750,000 Sales Tax and Utility Revenue Bonds, Series 2005 13,775,000 Utility System Revenue Bonds, Series 2005 10,960,000 Total Outstanding Defeased Bonds

$36,905,000

Component Unit - Conduit Debt The Edmond Economic Development Authority (EEDA) has issued bonds for various industrial development projects. The following bonds were outstanding at June 30, 2020: Outstanding Original Issue June 30, 2020 EEDA - Student Housing Revenue Bonds 2001A (UCO Student Housing Foundation) $8,305,000 $5,260,000 EEDA - Revenue Note 2000 (UCO Music Lab Project) (UCO Foundation)

1,135,000 $9,440,000

372,938 $5,632,938

The bonds and notes payable comprising the Authority’s indebtedness are not indebtedness of the State of Oklahoma, nor of the City of Edmond, nor is it a personal obligation of the Edmond Economic Development Authority trustees. These bonds are a limited obligation of the Authority payable solely from a portion of the Trust Estate consisting of the Authority bond and related Financing Agreement and other security outlined in the Mortgage or Loan Indentures. This debt is considered non-commitment (conduit) debt to the City and Authority since the debt payments are made solely from the notes receivable or financing agreement proceeds from Collegiate Foundation and UCO. Payments are made directly by the Collegiate Foundation and UCO to trustee banks who pay the bondholders. In the event of default by the Collegiate Foundation and UCO, the City or Authority has no obligation, in substance, to make any payments on the debt since the notes receivable, financing agreements and mortgages on the property with the industrial occupant are the only security for the debt. As a result of the non-commitment determination, the Authority’s indebtedness and related receivables from industrial occupants are not recorded in the financial statements.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

3.F. INTERFUND BALANCES AND ACTIVITIES Internal Balances: Due From

Due To

General Fund

2000 Capital Improvement Tax Fund

General Fund 2000 Capital Improvement Fund Nonmajor Governmental Fund Other Enterprise Fund Total Due From

98,220

Nonmajor Governmental Funds

Receivable Fund

Electric Fund

73,470 73,470

Water Fund

8,000,000 365,173 8,365,173

Payable Fund

104,199 104,199

Amount $

Wastewater Fund $

77,864 77,864

824 48,976 49,800

Internal Service Fund

Total Due To

74,294 8,000,000 98,220 596,212 8,768,726

Nature of Interfund Balance

General Fund

CDBG Fund

General Fund

Hospital Sale Trust

97,232

Negative pooled cash

Electric Fund

2000 CIF

Art in Public Places

General Fund

Electric Fund

Drainage Fund

365,173

Utility allocation

Water Fund

Drainage Fund

104,199

Utility allocation

Wastewater Fund

Drainage Fund

77,864

Utility allocation

Santiation Fund

Drainage Fund

40,620

Utility allocation

Arcadia Lake

Geneal Fund

Arcadia Lake

Golf

988

Other Enterprise Funds

Negative pooled cash

8,000,000

Capital funding

73,470

Matching cost

824

Utility allocation

8,356

Utility allocation

8,768,726

Reconciliation to Fund Financial Statements: Due From Governmental Funds

Due to

171,690

Proprietary Funds

8,597,036 $

8,768,726

Net Interfund Balances

8,172,514

(8,000,824)

596,212 $

8,000,824

8,768,726

Reconciliation to Government-wide Financial Statements: Net Interfund Balance

8,000,824

Internal Service Fund Allocation

10,718,840 $

18,719,664

Interfund transfers for the year ended June 30, 2020 were as follows: Transfers In

Transfers Out

General Fund

General Fund Nonmajor Governmental Fund Electric Fund Water Fund Other Enterprise Fund Total Transfer In

3,986,421 14,179,329 369,068 18,534,818

Fire Public Police Public Safety Limited Safety Limited Tax Fund Tax Fund $ 19,253,550 $ 19,253,550

23,617,689 23,617,689

2000 Capital Improvement Tax Fund $

8,000,000 8,000,000

Nonmajor Governmental Funds

Electric Fund

1,779,500 10,226 1,789,726

144,465 99,161 20,105 263,731

Water Fund $

14,179,329 7,172 14,186,501

Wastewater Fund $

79,837 79,837

Other Enterprise Funds $

939,435 230,000 21,321 $ 1,190,756

Total Transfer Out $

59,913,968 339,387 11,986,421 14,179,329 497,503 86,916,608

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Transfe r from PWA Electric PWA Water PWA Sanitation General Fund General Fund General Fund General Fund General Fund General Fund General Fund General Fund Convention and Visitors Bureau PWA Electric PWA Electric PWA Water PWA Sanitation PWA Sanitation PWA Wastewater 2017 Captial Improvement Fund Park Sales T ax Park Sales T ax Park Sales T ax

Transfe r to General Fund General Fund General Fund Art in Public Places Capital Improvement Fund Fire Public Safety Limited T ax Police Public Safety Limited T ax PWA Arcadia Lake Citilink Fund PWA Water PWA Electric PWA Electric 2000 Capital Improvement Fund PWA Golf PWA Drainage PWA Golf PWA Drainage PWA Drainage Art in Public Places Art in Public Places Arcadia Lake Golf Fund

Amount 3,986,421 14,179,329 369,068 153,000 1,626,500 19,253,550 23,617,689 239,435 700,000 14,179,329 144,465 99,161 8,000,000 20,105 7,172 11,064 10,257 79,837 8,710 1,516 119,167 110,833 $ 86,916,608

Nature of Inte rfund Balance Budgeted annual transfer Return of pledged sales tax Budgeted annual transfer Funding for public art Budgeted annual transfer Dedicated sales tax- ordinance Dedicated sales tax- ordinance Budgeted annual transfer Budgeted annual transfer Pledged sales tax- bond indenture Economic development transfer Economic development transfer Capital funding Budgeted annual transfer Budgeted annual transfer Budgeted annual transfer Budgeted annual transfer Budgeted annual transfer Funding for public art Funding for public art Capital funding Capital funding

Re conciliation to Fund Financial State ments:

Transfe r In Governmental Funds

Proprietary Funds

Transfe r O ut 71,195,783

15,720,825 $

86,916,608

60,253,355

Ne t Inte rfund Balance s $

26,663,253 $

86,916,608

10,942,428 (10,942,428)

Transfers between the primary government and component units for the year ended June 30, 2020 were as follows: Transfe r From

Transfe r To

General Fund

EEDA

Amount

Nature of Transfe r

618,178

Operating subsidy

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

3.G. FUND BALANCES AND NET POSITION The following table shows the net position restricted for other purposes shown on the Statement of Net Position: Fund

Restricted By

Hospital T rust Ambulatory Fund

Enabling legislation Enabling legislation

Amount $ $

Asset Forfeiture Cemetery Care Fund Cemetery Perpetual Care Fund Workers' comp escrow

Statutory Statutory Statutory Statutory

requirements requirements requirements requirements

$ General Fund Fire Public Safety Limited T ax Fund Police Public Safety Limited T ax Fund 2000 Capital Improvement T ax Fund 2017 Capital Improvement Fund Senior Center Fund Park Sales T ax Fund Art in Public Places Fund Roadway Improvement Fund 1996 Capital Improvement Fund Convention and Visitors Bureau Fund

External contracts External contracts External contracts External contracts External contracts External contracts External contracts External contracts External contracts External contracts External contracts

7,724,897 923,016 8,647,913 832,221 152,381 100,494 1,969,286 3,054,382 3,660,040 13,266,946 6,075,323 19,370,779 15,322,855 203,812 2,535,440 83,476 10,197 11,173 142,035 60,682,076

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

The following table shows the fund balance classifications as shown on the Governmental Funds Balance Sheet: M a jo r Go ve rnm e nta l F unds

Ge ne ra l F und

F ire P ublic S a fe ty Ta x

2000 C a pita l P o lic e P ublic Im pro ve m e nt Ta x S a fe ty Ta x

Othe r Go ve rnm e nta l F unds To ta l

F und B a la nc e R e s tric te d F o r: P o lic e o pe ra tio ns F ire o pe ra tio ns

$ 6,075,323

13,266,946

6,075,323 13,266,946

Ho s pita l s a le trus t

7,724,897

Am bula nc e s e rvic e s

923,016

Ec o no m ic de ve lo pm e nt

142,035

C a pita l im pro ve m e nts

15,334,107

34,704,886

S tre e t im pro ve m e nts

10,197

Art in public pla c e s

83,476

19,370,779

7,724,897

C ulture a nd re c pro gra m s

2,535,440

C e m e te ry im pro ve m e nts

252,875

S e nio r c e nte r pro gra m s

203,812

P o lic e -drug pro gra m s

832,221

J uve nile c o urt pro gra m s S tre e t a nd a lle y o pe ra tio ns Tra ns po rta tio n R o a dwa y wide ning S ub-to ta l re s tric te d

643,743

832,221

643,743 2,385,711

2,385,711

1,190

629,396

3,660,040

13,266,946

6,075,323

19,370,779

28,042,076

70,415,164

C o m m itte d fo r: S e nio r c e nte r pro gra m s

83,452

S ub-to ta l c o m m itte d

83,452

As s igne d fo r: C a pita l im pro ve m e nts

277,733

5,387,722

C ulture a nd re c pro gra m s

81,713

546,024

627,737

C e m e te ry im pro ve m e nts

17,063

Art in public pla c e s

13,318

S tre e t im pro ve m e nts

1,576

P o lic e o pe ra tio ns

2,079,310

F ire o pe ra tio ns Ec o no m ic de ve lo pm e nt

2,079,310

1,520,044

1,059,682

5,109,989

1,576

1,520,044

27,486

1,087,168 87,259

P o lic e -drug pro gra m s

87,259

S e nio r c e nte r pro gra m s

30,081

Am bula nc e s e rvic e s

66,933

S upple m e nt o f ne xt fis c a l ye a rs budge t S ub-to ta l a s s igne d Una s s igne d (de fic it): TOTAL F UND B ALANC E

2,975,932 4,117,327

7,367,702 $ 15,145,069

1,520,044

2,079,310

$ 14,786,990

8,154,633

5,109,989 $ 24,480,768

1,067,473 (100,047) $ 29,092,954

2,975,932 13,894,143 7,267,655 $ 91,660,414

NOTE 4. OTHER NOTES 4.A. EMPLOYEE PENSION AND OTHER BENEFIT PLANS The City participates in three employee pension systems as follows: Name of Plan/System

Type of Plan

Oklahoma Police Pension and Retirement Fund

Cost Sharing Multiple Employer - Defined Benefit Plan 70

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Oklahoma Firefighters Pension and Retirement Fund

Cost Sharing Multiple Employer - Defined Benefit Plan

City of Edmond Employees' Retirement System

Single Employer - Defined Benefit Plan

The aggregate net pension liability (asset), deferred inflows, deferred outflows and pension expense for the plans at June 30, 2020: Deferred Outflow Police Pension

Fire Pension

1,183,337 $

11,134,369

Single Employer Plan Totals

Deferred Inflow

4,418,357 $

4,976,019

10,389,446 $

649,399

Net Pension Asset

Net Pension Liability

229,691 $

41,833,083

25,845,619

25,942,172 $

6,808,755 $

229,691 $

67,678,702

22,703,724 $

6,564,389 $

229,691 $

59,812,861

Reconciliation to government-wide financials; Governmental

Bussiness-type

3,148,486

159,990

Component unit

89,962

84,376

25,942,172 $

6,808,755 $

229,691 $

7,718,894 146,947 67,678,702

Oklahoma Police and Firefighter's Pension and Retirement Systems The City of Edmond, as the employer, participates in two statewide cost-sharing multiple employer defined benefit plans on behalf of the police officers and firefighters. The systems are funded by contributions from participants, employers, insurance premium taxes, and state appropriations, as necessary. The following is a summary of eligibility factors, contribution methods, and benefit provisions.

Oklahoma Police Pension and Retirement System Plan description - The City of Edmond, as the employer, participates in the Oklahoma Police Pension and Retirement Plan—a cost-sharing multiple-employer defined benefit pension plan administered by the Oklahoma Police Pension and Retirement System (OPPRS). Title 11 of the Oklahoma State Statutes, through the Oklahoma Legislature, grants the authority to establish and amend the benefit terms to the OPPRS. OPPRS issues a publicly available financial report that can be obtained at www.ok.gov/OPPRS Benefits provided - OPPRS provides retirement, disability, and death benefits to members of the plan. The normal retirement date under the Plan is the date upon which the participant completes 20 years of credited service, regardless of age. Participants become vested upon completing 10 years of credited service as a contributing participant of the Plan. No vesting occurs prior to completing 10 years of credited service. Participants’ contributions are refundable, without interest, upon termination prior to normal retirement. Participants who have completed 10 years of credited service may elect a vested benefit in lieu of having their accumulated contributions refunded. If the vested benefit is elected, the participant is entitled to a monthly retirement benefit commencing on the date the participant reaches 50 years of age or the date the participant would have had 20 years of credited service had employment continued uninterrupted, whichever is later. Monthly retirement benefits are calculated at 2.5% of the final average salary (defined as the average paid base salary of the officer over the highest 30 consecutive months of the last 60 months of credited service) multiplied by the years of credited service, with a maximum of 30 years of credited service considered. Monthly benefits for participants due to permanent disability incurred in the line of duty are 2.5% of the participants’ final average salary multiplied by 20 years. This disability benefit is reduced by stated percentages for partial disability based on the percentage of impairment. After 10 years of credited service, participants who retire due to disability incurred from any cause are eligible for a monthly benefit based on 2.5% of their final average salary multiplied by the years of service. This disability benefit is also reduced by stated percentages for partial disability based on the percentage of impairment. Effective July 1, 1998, once a disability benefit is granted to a participant, that participant is no longer allowed to apply for an increase in the dollar amount of the benefit at a subsequent date. 71

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Survivor’s benefits are payable in full to the participant’s beneficiary upon the death of a retired participant. The beneficiary of any active participant killed in the line of duty is entitled to a pension benefit. Contributions - The contributions requirements of the Plan are at an established rate determine by Oklahoma Statute and are not based on actuarial calculations. Employees are required to contribute 8% percent of their annual pay. Participating cities are required to contribute 13% of the employees’ annual pay. Contributions to the pension plan from the City were $1,573,710. The State of Oklahoma also made on-behalf contributions to OPPRS in the amount of $1,423,119 during the calendar year and this is reported as both expense and revenue in the General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance. In the government-wide Statement of Activities, revenue is recognized for the state’s on-behalf contributions on an accrual basis of $1,423,301. These on-behalf payments did not meet the criteria of a special funding situation. Pension Net Liability (Asset), Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions - At June 30, 2020, the City reported an asset of $229,691 for its proportionate share of the net pension asset. The net pension asset was measured as of June 30, 2019, and the total pension liability used to calculate the net pension asset was determined by an actuarial valuation as of July 1, 2019. The City’s proportion of the net pension asset was based on the City’s contributions received by the pension plan relative to the total contributions received by pension plan for all participating employers as of June 30, 2019. Based upon this information, the City’s proportion was 3.5980%. For the year ended June 30, 2020, the City recognized pension expense of $2,748,300. At June 30, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Outflows

Deferred Inflows

of Resources

Difference between expected and actual experience

Changes of assumptions

137,844

$ 1,084,476

586,495

2,098,936

Net difference between projected and actual earnings on pension plan investments Changes in proportion City contributions during measurement date

57,372

32,123

66,738

City contributions subsequent to the measure date

1,537,710

Total

4,418,357

$ 1,183,337

In the year ending June 30, 2021, $1,537,710 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability (asset) in the subsequent year. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Year ended June 30: 2021

2022

(311,631)

2023

315,512

2024

672,412

2025

10,547 $

1,010,470

1,697,310

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Actuarial Assumptions-The total pension liability was determined by an actuarial valuation as of July 1, 2019, using the following actuarial assumptions, applied to all prior periods included in the measurement: Inflation:

2.75%

Salary increases:

3.5% to 12% average, including inflation

Investment rate of return:

7 5% net of pension plan investment expense

Cost-of-living adjustments: Police officers eligible to receive increased benefits according to repealed Section 50-120 of Title 11 of the Oklahoma Statutes pursuant to a court order receive an adjustment of 1/3 to 1/2 of the increase or decrease of any adjustment to the base salary of a regular police officer, based on an increase in base salary of 3.5% (wage inflation). Mortality rates:

Active employees (pre-retirement) RP-2000 Blue Collar Healthy Combined table with age set back 4 years with fully generational improvement using Scale AA. Active employees (post-retirement) and nondisabled pensioners: RP-2000 Blue Collar Healthy Combined table with fully generational improvement using scale AA. Disabled pensioners: RP-2000 Blue Collar Healthy Combined table with age set forward 4 years.

The actuarial assumptions used in the July 1, 2019, valuation were based on the results of an actuarial experience study for the period July 1, 2012, to June 30, 2017. The long-term expected rate of return on pension plan investments was determined using a building block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense, and inflation) are developed for each major asset class. These ranges are combined to produce the longterm expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the pension plan's target asset allocation as of June 30, 2019, are summarized in the following table: Long-Term Expected Asset Class

Real Rate of Return

Fixed income

4.79%

Domestic equity

5.74%

International equity

9.19%

Real estate

7.99%

Private equity

10.20%

Commodities

3.50%

The current allocation policy is that approximately 60% of assets in equity instruments, including public equity, long-short hedge, venture capital, and private equity strategies; approximately 25% of assets in fixed income to include investment grade bonds, high yield and non-dollar denominated bonds, convertible bonds, and low volatility hedge fund strategies; and 15% of assets in real assets to include real estate, commodities, and other strategies. Discount Rate-The discount rate used to measure the total pension liability was 7.5%. The projection of cash flows 73

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

used to determine the discount rate assumed that contributions from plan members will be made at the current contribution rate and that contributions from employers will be made at contractually required rates, determined by State statutes. Projected cash flows also assume the State of Oklahoma will continue contributing 14% of the insurance premium, as established by statute. Based on these assumptions, the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the Net Pension Liability (Asset) to Changes in the Discount Rate-The following presents the net pension liability (asset) of the employers calculated using the discount rate of 7.5%, as well as what the Plan's net pension liability (asset) would be if it were calculated using a discount rate that is 1-percentage point lower (6.5%) or 1-percentage-point higher (8.5%) than the current rate:

Police Pension net pension liability (asset)

1% Decrease

Current Discount

1% Increase

(6.5%)

Rate (7.5%)

(8.5%)

9,784,757

(229,691)

(8,697,034)

Pension plan fiduciary net position - Detailed information about the pension plan’s fiduciary net position is available in the separately issued financial report of the OPPRS; which can be located at www.ok.gov/OPPRS.

Oklahoma Firefighter’s Pension and Retirement System Plan description - The City of Edmond, as the employer, participates in the Firefighters Pension & retirement—a cost-sharing multiple-employer defined benefit pension plan administered by the Oklahoma Firefighters Pension & Retirement System (FPRS). Title 11 of the Oklahoma State Statutes grants the authority to establish and amend the benefit terms to the FPRS. FPRS issues a publicly available financial report that can be obtained at www.ok.gov/fprs Benefits provided - FPRS provides defined retirement benefits based on members’ final average compensation, age, and term of service. In addition, the retirement program provides for benefits upon disability and to survivors upon death of eligible members. The Plan’s benefits are established and amended by Oklahoma statute. Retirement provisions are as follows: Normal Retirement: 

Hired Prior to November 1, 2013 Normal retirement is attained upon completing 20 years of service. The normal retirement benefit is equal to 50% of the member’s final average compensation. Final average compensation is defined as the monthly average of the highest 30 consecutive months of the last 60 months of participating service. For volunteer firefighters, the monthly pension benefit for normal retirement is $150.60 per month.



Hired After November 1, 2013 Normal retirement is attained upon completing 22 years of service. The normal retirement benefit is equal to 55% of the member’s final average compensation. Final average compensation is defined as the monthly average of the highest 30 consecutive months of the last 60 months of participating service. Also participants must be age 50 to begin receiving benefits. For volunteer firefighters, the monthly pension benefit for normal retirement is $165.66 per month.

All firefighters are eligible for immediate disability benefits. For paid firefighters, the disability in-the-line-of-duty benefit for firefighters with less than 20 years of service is equal to 50% of final average monthly compensation, based on the most recent 30 months of service. For firefighters with over 20 years of service, a disability in the line 74

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

of duty is calculated based on 2.5% of final average monthly compensation, based on the most recent 30 months, per year of service, with a maximum of 30 years of service. For disabilities not in the line of duty, the benefit is limited to only those with less than 20 years of service and is 50% of final average monthly compensation, based on the most recent 60-month salary as opposed to 30 months. For volunteer firefighters, the not-in-the-line-of-duty disability is also limited to only those with less than 20 years of service and is $7.53 per year of service. For volunteer firefighters, the in-the-line-of-duty pension is $150.60 with less than 20 years of service or $7.53 per year of service, with a maximum of 30 years. A $5,000 lump sum death benefit is payable to the qualified spouse or designated recipient upon the participant’s death. The $5,000 death benefit does not apply to members electing the vested benefit-. Contributions - The contributions requirements of the Plan are at an established rate determined by Oklahoma Statute and are not based on actuarial calculations. Employees are required to contribute 9% percent of their annual pay. Participating cities are required to contribute 14% of the employees’ annual pay. Contributions to the pension plan from the City were $1,807,139. The State of Oklahoma also made on-behalf contributions to FPRS in the amount of $4,159,570 during the calendar year and this is reported as both expense and revenue in the General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance. In the government-wide Statement of Activities, revenue is recognized for the state’s on-behalf contributions on an accrual basis of $4,026,275. These on-behalf payments did not meet the criteria of a special funding situation. Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions - At June 30, 2020, the City reported a liability of $41,833,083 for its proportionate share of the net pension liability. The net pension liability was measured as of June 30, 2019, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of July 1, 2019. The City’s proportion of the net pension liability was based on the City’s contributions received by the pension plan relative to the total contributions received by pension plan for all participating employers as of June 30, 2019. Based upon this information, the City’s proportion was 3.9590%. For the year ended June 30, 2020, the City recognized pension expense of $7,284,764. At June 30, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Outflows

Deferred Inflows

of Resources

Difference between expected and actual experience

Changes of assumptions

7,004,934

850,901

1,074,667

3,028,229

Net difference between projected and actual earnings on pension plan investments Changes in proportion

2,322,259

City contributions during measurement date

22,222

City contributions subsequent to the measure date

1,807,139

Total

11,134,369

4,976,019

In the year ending June 30, 2021, $1,807,139 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the subsequent year. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Year ended June 30: 2021

1,885,460

2022

579,490

2023

1,292,913

2024

644,233

2025

(50,885) $

4,351,211

Actuarial Assumptions- The total pension liability was determined by an actuarial valuation as of July 1, 2019, using the following actuarial assumptions, applied to all prior periods included in the measurement: Inflation: Salary increases: Investment rate of return:

2.75% 2.75% to 10.5% average, including inflation 7 .5% net of pension plan investment expense

Mortality rates were based on the Pub-2010 Public Safety Table, with adjustments for generational mortality improvement using MP-2018 for healthy lives and no mortality improvement for disabled lives. The actuarial assumptions used in the July 1, 2019, valuation were based on the results of an actuarial experience study for the period July 1, 2013, to June 30, 2018. The long-term expected rate of return on pension plan investments was determined using a building block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense, and inflation) are developed for each major asset class. These ranges are combined to produce the longterm expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the pension plan's target asset allocation as of June 30, 2019, are summarized in the following table:

Asset Class

Target

Long-Term Expected

Allocation

Real Rate of Return

Fixed income

20%

4.90%

Domestic equity

47%

7.09%

International equity

15%

9.19%

Real estate

10%

7.99%

Other assets

5.57%

Discount Rate- The discount rate used to measure the total pension liability was 7.5%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current contribution rate and that contributions from employers will be made at contractually required rates, determined by State statutes. Projected cash flows also assume the State of Oklahoma will continue contributing 36% of the insurance premium, as established by statute. Based on these assumptions, the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the Net Pension Liability to Changes in the Discount Rate-The following presents the net pension liability of the employers calculated using the discount rate of 7.5%, as well as what the Plan's net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower (6.5%) or 1-percentage-point higher (8.5%) than the current rate:

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Fire Pension net pension liability

1% Decrease

Current Discount

1% Increase

(6.5%)

Rate (7.5%)

(8.5%)

54,018,308

41,833,083

28,452,567

Pension plan fiduciary net position - Detailed information about the pension plan’s fiduciary net position is available in the separately issued financial report of the FPRS which can be located at www.ok.gov/FPRS .

Edmond Employees Retirement System - Single-Employer, Defined Benefit Pension Plan Plan Description, Contribution Information, and Funding Policies The City contributes to the City of Edmond Employees' Retirement System (the "System"), which is a single employer defined benefit pension plan administered by the City of Edmond Administrative Committee. All nonunion full-time City employees are eligible to participate in the System. The City’s retirement ordinance requires that actuarial valuations be performed in each even-numbered year to determine if the City’s fixed contribution rate is adequate to fund the actuarially determined contribution requirement. The System does not issue separate annual financial statements. The System and the City have a June 30th year-end. The City has elected to use the preceding year-end of the System as its measurement date; therefore, net pension liability and related deferred inflows are reported as of June 30, 2019. The System’s pension liability was based on an actuarial valuation as of June 30, 2019. Pension payments made by the City from the measurement date to June 30, 2020 are reported as deferred outflows. Summary of Significant Accounting Policies For purposes of measuring the net pension liability, deferred outflows or resources and deferred inflows of resources related to pensions, and pension expense, amounts and disclosures have been prepared using the accrual basis of accounting. Employee and employer contributions are recognized as System revenues in the period in which they are due to the plan. Benefits and refunds are recognized when due and payable pursuant to plan provisions. Investments are reported at fair value. Method Used to Value Investments - Values of System assets are reported at fair value market. As of June 30, 2020, the System held no related party investments or individual investments (other than U.S. government and U.S. government guaranteed securities) whose market value exceeds five percent or more of the net position available for benefits. Eligibility Factors and Benefit Provisions Year established and governing authority

1966; City Council Ordinance

Determination of Contribution requirements

City Ordinance; actuarially determined

Employer

9.82%

Plan members

5.25%

Funding of administrative costs

Investment earnings

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Period required to vest

7 years

Eligibility for distribution

Age 65, or age 55 with seven years credited service

Provisions for: Disability benefits Death benefits Benefits paid:

Yes Yes Calculated on the average gross salary of a participant’s earnings during the highest 30 consecutive months of the last five years of credited service. Gross salary does not include payment of accumulated sick or annual leave upon termination of employment.

The City is required to contribute 9.82% of covered payroll to the System. These amounts were actuarially determined. System participants of the City contributed $1,589,625 during fiscal year 2020, and the City contributed $2,970,012. The Component Unit (EEDA) is also required to contribute 9.82% of covered payroll to the System. These amounts were actuarially determined. System participants of EEDA contributed $16,828 during fiscal year 2020, and EEDA contributed their portion of $31,476. Subsequent to year end the plan was amended to change the employee contribution rate to 6% and the employer rate to 11% effective January 1, 2021. Plan Membership Non-vested active members Fully vested active members

234 273

Total Active members

507

Non-active retired, beneficiaries, disabled and deferred vested participants Total Plan Participants

211 718

Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At June 30, 2020, the City reported a liability of $25,698,672 and the EEDA component unit $146,947 for their proportionate shares of the net pension liability. The net pension liability was measured as of June 30, 2019, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of July 1, 2019. There were no changes in assumptions or changes in benefit terms that affected measurement of the total pension liability. There were also no changes between the measurement date of July 1, 2019 and the City’s report ending date of June 30, 2020, that would have had a significant impact on the net pension liability. The following table reports the components of changes in net pension liability:

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Balances at beginning of year, 7/1/2018

Total Pension

Plan Net

Net Pension

Liability

Position

Liability

93,625,387

73,792,118

19,833,269

Changes for the year: Service cost

3,080,463

Interest expense

6,758,728

Contributions – employer

2,755,222

(2,755,222)

Contributions – employee

1,534,738

(1,534,738)

Net investment income

4,264,543

(4,264,543)

Benefits paid

(3,897,867)

Difference between actual and expected experience Change in actuarial assumptions

4,050,122 -

Net changes $

671,204

4,050,122

(6,336)

10,662,650

Balances at end of year, 7/1/2019

6,758,728

(3,897,867)

671,204

Plan administrative expenses

3,080,463

6,336

4,650,300

104,288,037

6,012,350

78,442,418

25,845,619

For the year ended June 30, 2020, the City recognized pension expense of $6,630,484 and EEDA recognized pension expense of $28,133. At June 30, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: City

Component Unit

Deferred Outflows

Deferred Inflows

Deferred Outflows

Deferred Inflows

of Resources

Difference between expected and actual experience

1,413,935

8,085

Changes in assumptions

3,418,773

19,548

Net difference between projected and actual earnings on pension plan investments

1,834,138

10,488

Change in proportion

515,007

452,206

20,010

81,242

City contributions during the measurement period

147,128

112,817

14,845

3,134

City contributions subsequent to the measurement date Total

2,970,503 10,299,484

565,023

16,986 89,962

84,376

The City’s $2,970,503 and EEDA’s $16,986 reported as deferred outflows of resources related to pensions resulting from contributions subsequent to the measurement date will be recognized as a decrease of the net pension liability in the year ended June 30, 2021. Other amounts will be reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Year ended June 30: 2021

City

Component Unit

2,222,871

2,930

2022

987,323

(4,101)

2023

1,355,508

(1,400)

2024

1,010,007

(1,531)

2025

748,145

(3,674)

thereafter

440,104

(3,624)

6,763,958

(11,400)

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Actuarial Assumptions Key assumptions used in the plan actuarial valuation were: Discount Rate

7.25%

Long-term expected rate of return M easurement date

7.25% 7/1/2019

Inflation

2.50%

Projected salary increase*

2011 experience study

M ortality

RP 2000 projected

Retirement rates*

2011 experience study

Turnover*

2011 experience study

Actuarial cost method

Entry Age Normal

* In 2011 a detailed study was completed of the Retirement System’s demographic experience over the proceeding seven years. As a result, the Actuary recommended and the System’s Administrative Committee approved new assumptions based on actuarial experience. The assumption changes included a revised schedule of age-related retirement rates, age-related assumed pay increases replaced the 5% pay increase assumption and a new turnover assumption based on both age and employee years of service was implemented. These updates represent an ongoing and continuing process of refining prior assumptions. No changes in assumptions were made during fiscal year 2020. The City has adopted a funding method that is designed to fund all benefits payable to participants over the course of their working careers. Any differences between actual and expected experience are funded over a fixed period to ensure all funds necessary to pay benefits have been contributed to the trust before those benefits are payable. Therefore, the sufficiency of pension plan assets was made without a separate projection of cash flows. The long-term expected rate of return on pension plan investments was determined using a building block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense, and inflation) are developed for each major asset class. These ranges are combined to produce the longterm expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation (2.5%) and deducting expenses. Best estimates of arithmetic real rates of return for each major asset class included in the pension plan's target asset allocation as of June 30, 2019, are summarized in the following table:

Asset Class

Target

Long-Term Expected

Allocation

Real Rate of Return

Domestic equity

20%

6.0%

International equity

23%

6.2%

Fixed income

29%

2.5%

28%

6.3%

Real estate, commodities and partnerships

Discount Rate The discount rate used to measure the total pension liability was 7.25%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the actuarially 80

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

determined contribution amounts. Based on the assumption, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return was adjusted to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the employers calculated using the discount rate of 7.25%, as well as what the Plan's net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower (6.25%) or 1-percentage-point higher (8.25%) than the current rate: 1%

Current

Decrease

Discount

Increase

(6.25%)

Rate (7.25%)

(8.25%)

Employer's Total Pension Liability Employer's Net Pension Liability - FY 2019

39,902,588

25,845,619

14,152,524

Employer's Net Pension Liability - FY 2020

46,822,581

32,210,856

20,051,123

The components of the net pension liability of the City June 30, 2019 and 2020, were as follows: 2019 Total Net Pension Liability

Plan fiduciary Net Position

2020

104,288,036

78,442,417

Net Pension Liability

Plan Fiduciary Net Position as a percentage of

25,845,619 75.22%

109,152,119 76,941,263

32,210,856 70.49%

the total pension liability

Other Post-Employment Benefits Plan Description: City offers post-retirement benefit options for health care, prescription drug, dental and vision benefits for retired employees and their dependents that elect to make required contributions. The benefits are provided in accordance with State law, police and firefighter's union contracts and the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). The relationship for these benefits is not formalized in a contract or plan document, only a few sentences in the administrative policy. These benefits are considered for accounting purposes to be provided in accordance with a single employer substantive plan. A substantive plan is one in which the plan terms are understood by the city and plan members. This understanding is based on communications between the employers and plan member and the historical pattern of practice with regard to the sharing of benefit costs. Substantially all of the government's employees may become eligible for those post-retirement benefits if they reach normal retirement age while working for the City. Benefits cease the month prior to the date the retiree or spouse reaches age 65. Benefits provided - The Plan covers all current retirees of the City who elected postretirement medical coverage through the City Health Plan and future retired employees of the City fully self-insured health plan. In accordance with administrative policy, the benefit levels are the same as those afforded to active employees; this creates an implicit rate subsidy. The benefits offered by the City to retirees include health, RX, and dental and vision benefits. The retiree retains coverage with the City, by making an election within 30 days of termination of service and have 7+ years of creditable service in with the City and are at least 55 years old at the time of termination. Police and Fire employees must have 20 years of service. The amount of benefit payments during fiscal year June 30, 2020 were $207,852. 81

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Employees Covered by Benefit Terms Active Employees Inactive not yet receiving benefits Inactive or beneficiaries receiving benefits Total

752 0 50 802

Total OPEB Liability – The total OPEB liability was determined based on actuarial valuation performed as of June 30, 2019 which is also the measurement date. Actuarial Assumptions- The total OPEB liability in the June 30, 2019 valuation, was determined using the following actuarial assumptions:  Actuarial Cost Method - Entry Age Normal  Discount Rate – 3.50% based on the 20 year municipal bond yield  Retirement Age – Civilians - 55 with 7 years of service, Police and Fire 20 years of service  Medical Trend Rates

Year 2019 2020 2030 2035 2040 2045 2050 2060

Rate 6.02% 5.99% 5.99% 5.87% 5.33% 5.15% 5.03% 4.87%

Changes in Total OPEB Liability – Total OPEB Liability $

Balances at Beginning of Year

5,835,112

Changes for the Year: Service cost

302,450

Interest expense

237,525

Differences in expected and actual experience

217,852

Change in assumptions

254,676

Benefits paid

(207,852)

Net Changes

804,651 $

Balances End of Year

6,639,763

OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB - For the year ended June 30, 2020, the City recognized an OPEB benefit of $207,852. At June 30, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Differences between expected and actual experience

Deferred Outflows

Deferred Inflows

of Resources

of Resources 192,639

Changes of assumptions

12,360

225,201

695,215

Net difference between projected and actual earnings on OPEB plan investments Changes in porportion City contributions during the measurement period City Contributions subsequent to the measurement date

36,992

38,587

1,155

1,159

278,172

Total

734,159

747,321

The $278,172 reported as deferred outflows of resources related to OPEB resulting from City benefit payments subsequent to the measurement date will be recognized as a reduction of the OPEB liability in the year ended June 30, 2021. Any other amounts reported as deferred outflows or resources and deferred inflows of resources related to OPEB will be recognized in pension expense as follows: Year Ended June 30: 2021

(60,528)

2022

(60,528)

2023

(60,528)

2024

(60,528)

2025

(60,528)

Thereafter

11,306 $

(291,334)

Sensitivity of the City’s total OPEB liability to changes in the discount rate- The following presents the City’s total OPEB liability, as well as what the City’s total OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower (2.50 percent) or 1-percentage-point higher (4.50 percent) than the current discount rate: 1% Decrease ( 2.50%) Employers' total OPEB liability

Current Discount Rate ( 3.50%)

7,944,943 $

1% Increae ( 4.50%)

6,639,763 $

5,617,907

Sensitivity of the City’s total OPEB liability to changes in the healthcare cost trend rates - The following presents the City’s total OPEB liability, as well as what the City’s total OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower (5.09 percent decreasing to 3.87 percent) or 1percentage-point higher (7.09 percent decreasing to 5.87 percent) than the current healthcare cost trend rates: 1% Decrease (5.09 % decreasing to 3.87%) Employers' total OPEB liability

Current Discount Rate (6.09 % decreasing to 4.87%)

5,655,885 $

1% Increae ( 7.09% decreasing to5.87%)

6,639,763 $

7,862,868

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

4.B. RISK MANAGEMENT The City is exposed to various risks of loss related to torts, theft of, damage to, or destruction of assets; errors and omissions; injuries to employees; employee’s health and life; and natural disasters. The City manages these various risks of loss as follows: Type of Loss

Method Managed

Risk of Loss Retained

a. General Liability: - Torts - Errors and omissions - Police liability - Vehicle

City has insurance coverage for General Liability coverage. All claims are submitted to a third party administrator for determination of liability. Claims below the self-insured retention (SIR) are accounted for within the Liability Tort Claim Fund.

City retains risk of losses up to $100,000 SIR per occurrence with excess coverage up to $5,000,000

b. Physical Property: - Theft - Damage to assets - Natural disasters

City has insurance coverage for Property & Contents and Boiler & Machinery. Claims for losses are submitted to insurance provider for reimbursement of losses.

City retains risk of loss up to the deductible amount of $10,000 for property and $10,000 for B & M. Coverage amounts vary by type of loss.

c. Workers Compensation: - Employee injuries

Self-insured with third-party administration of the claims process. Liability Tort Claim Fund used to account for activities with participating funds charged through an estimated annual claim cost for each fund. Administered by Cannon Cochran Management Services, Inc.

City retains risk of loss for first $450,000 or $750,000 of damage per occurrence depending on job classification. Stop loss insurance carried for damages above the City deductible up to a maximum aggregate of $2,000,000 per occurrence.

d. Health and Life: - Medical - Dental - Vision - Life and ADD - LTD

Self-insured with City paying a portion of health care premiums, and all of life, ADD and LTD premiums. Administered by Aetna and Unum.

Claims up to $200,000 per individual self-funded with stop-loss insurance up to $1,000,000 per person.

The City maintains a stop-loss policy for plans to limit risk associated with the plans. For insured programs, there have been no significant reductions in insurance coverage. Settlement amounts have not exceeded insurance coverage for the current year or the four prior years. Claims Liability Analysis The claims liabilities related to the above noted risks of loss that are retained are determined in accordance with the requirements of Statement of Financial Accounting Standards No. 5., which requires that a liability for claims be reported if information prior to the issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. The City has elected to report its estimated claim liability at the discounted net present value of future payments. For the internal service self-insurance funds, changes in the claims liability for the City from July 1, 2018 to June 30, 2020, are as follows:

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

Workers' Compensation Claim liability, June 30, 2018 Claims and changes in estimates Claims payments Claim liability, June 30, 2019 Claims and changes in estimates Claims payments Claim liability, June 30, 2020

1,679,000 552,365 (635,365) 1,596,000 727,214 (632,214) 1,691,000

Reconciliation to Statement of Net Position: Current portion

Health Care $

634,889 9,425,431 (9,604,806) 455,514 9,704,171 (9,546,208) 613,477

T ort $ 708,000 57,506 (98,506) $ 667,000 84,144 (141,144) $ 610,000

T otal 3,021,889 10,035,302 (10,338,677) $ 2,718,514 10,515,529 (10,319,566) $ 2,914,477 $

Noncurrent portion

1,357,426 1,557,051

T otal

2,914,477

4.C. COMMITMENTS AND CONTINGENCIES Construction Commitments At June 30, 2020, the City had awarded construction contracts totaling $279,517,207 for various City and EPWA projects and of this amount, $120,225,803 was outstanding and payable from various funds. Contingencies Grant Program Involvement In the normal course of operations, the City participates in various federal or state grant/loan programs from year to year. The grant/loan programs are often subject to additional audits by agents of the granting or loaning agency to ensure compliance with specific provisions of the grant or loan. Any liability or reimbursement which may arise as a result of these audits cannot be reasonably determined at this time, although it is believed the amount, if any, would not be material. Litigation The City is a party to various legal proceedings which normally occur in the course of governmental operations. The financial statements do not include accrual or provisions for loss contingencies that may result from these proceedings. State statutes provide for the levy of an ad valorem tax over a three-year period by a City Sinking Fund for the payment of any court assessed judgment rendered against the City. This statutory taxing ability is not available to the City’s public trusts (Authorities). While the outcome of the above noted proceedings cannot be predicted, due to the insurance coverage maintained by the City and the State statute relating to judgments, the City feels that any settlement or judgment not covered by insurance would not have a material adverse effect on the financial condition of the City.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

4.D. ECONOMIC DEVELOPMENT The City is party to multiple agreements for the purpose of developing the Interstate 35 corridor within its city limits. In fiscal 2012, the City purchased land along the corridor for $2.2 million for the development of a hotel and conference center. Subsequently, the City entered into a development agreement and committed to lend $4.8 million towards the cost of constructing the conference center. The developer financed the cost of the related hotel and expenditures for the Conference Center that exceed $4.8 million. Rental payments to the City for the use of the underlying land are one dollar a year. The hotel will be privately owned and managed. Based on terms of the contract, the developer may purchase the land and conference center from the City for $7 million at any time. If the developer elects to not purchase the land and conference center, the City will lease the land to the developer at a market based rate, including escalators. Alternatively, the City has a contractual commitment from the developer to begin paying back the loan starting in the 10th year from commencing operations of the facility over a term of 25 years. Management of the conference center has been contracted to a third party. In return, the City will pay the manager a monthly management fee as defined in the agreement. The initial infrastructure improvements were funded by the City up to $2 million with the developer paying the cost which exceeded the $2 million limit. An additional agreement was established which constructed a storm sewer through the property. Pursuant to the agreement the City would pay the expense of the storm sewer not to exceed $1 million Additionally, the City previously purchased additional land along the corridor in a separate transaction for $2 million for the purpose of developing a sports complex. A ground lease agreement was entered into with a tenant, who will construct the facilities. The tenant agrees to pay the City monthly rentals of $5,000 for the land for thirty years. The tenant has the right to purchase the land for $2 million at any time. Alternatively, the City has the right to require the tenant to purchase the land for $2 million on the fifteenth anniversary date of its opening. Both projects have established timelines and benchmarks for completion that must be met by the various parties, subject to extension by the City and the various parties. These terms are not within the normal and customary practices of the City, and therefore other than normal credit risks are involved, the City will classify these agreements as operating leases and no additional provisions have been recorded in the accompanying financial statements because of these agreements. In May 2020, the City entered into an agreement with a development for the development/redevelopment for property in the area of 2nd Street and Santa Fe Drive. The City has agreed to provide infrastructure improvements (consisting of the parking lot with associated lighting and landscaping, alley paving and sidewalk improvements in the right-of-way) up to a cost of $700,000. All cost in excess of the $700,000 shall be paid by the developer. The project is being funded by the Edmond Electric Development Fund. The portion of the cost of the improvements which is attributable to the cost to pave the alley (estimated at approximately $150,000) is being provided in anticipation of being recouped in sales tax generated by the Project. If the project does not generate $5,000,000 annually in local retail sales for six consecutive years, the Developer shall be required to reimburse the City the percentage of the amount uncollected. 4.E. Tax Abatements The City enters into sales tax rebate agreements with local businesses as allowed in the Oklahoma State Constitution, Article 10, Section 14. Under this law, the City may establish economic development programs and provide sales tax increments for development as part of its economic development plan. The sales tax rebate program allows a developer to receive rebated sales tax in varying amounts. To be eligible for this program, the project area should be occupied by occupants operating a new business of a requisite quality. The sales tax rebate period varies with each agreement. Due to confidentiality laws in Oklahoma statutes Title 68, Section 1354.11, the amounts of sales taxes rebated will not be disclosed. The following businesses had sales tax rebate agreements with the City as of June 30, 2020:

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2020

In November 2017, the City/EPWA entered into an agreement with a developer for the development of an entertainment complex. The complex opened in December 2018 and contains a movie theater and bowling alley. Under the terms of the agreement the EPWA will provide financing assistance not to exceed $4.8 million. The payment will be from the two cents sales tax the complex generates and will be paid quarterly. The agreement terminates in December 2038. In addition, the City has entered into an agreement with a developer for the construction of a hotel/conference center along the I-35 corridor. Under the terms of the agreement the city has agreed to rebate any Hotel Tax collected from the Hotel for a period of fifteen years from the anniversary date of the Certificate of Occupancy. Taxes of $97,863 were abated in fiscal year 2020. 4.F. Subsequent Events The City evaluated subsequent events through the date of the audit report. The City concluded that no subsequent events have occurred subsequent to year end that would require recognition in the financial statements.

THIS PAGE INTENTIONALLY LEFT BLANK

REQUIRED SUPPLEMENTARY INFORMATION

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020

CITY OF EDMOND, OKLAHOMA BUDGETARY COMPARISON SCHEDULE GENERAL FUND For the fiscal year ended June 30, 2020

ORIGINAL BUDGET

FINAL BUDGET

ACTUAL BUDGETARY BASIS

VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE)

REVENUES TAXES: Sales tax

36,127,463

38,128,223

2,000,760

Use tax

9,188,969

10,811,523

Franchise

2,137,954

1,922,300

Liquor tax

41,005

152,762

111,757

47,495,391

51,014,808

3,519,417

Total Taxes

1,622,554 (215,654)

INTERGOVERNMENTAL: Grant revenues Alcoholic beverage

141,000

19,250

281,436

140,436 (111,677)

Cigarette tax

782,000

670,323

Vehicle tax

640,000

603,192

(36,808)

224,939

165,935

161,643

1,728,935

1,960,783

Property resale Gasoline tax Total Intergovernmental

(4,292) 231,848

CHARGES FOR SERVICES: Recreational program fees Right-of-Way fees

64,553

44,628

(19,925)

5,652,000

5,593,790

(58,210) (35,915)

Cemetery fees

168,991

133,076

Curb cut fees

10,683

10,350

(333)

Animal welfare fees

53,313

32,063

(21,250)

Filing fees

72,000

51,472

(20,528)

911 fees

56,000

234,031

178,031

5,000

37,398

32,398

Total Charges for Services

6,082,540

6,136,808

54,268

FINES AND FORFEITURES

2,452,000

1,558,820

(893,180)

LICENSES AND PERMITS

1,448,426

1,665,521

217,095

INVESTMENT INCOME

100,000

188,589

88,589

MISCELLANEOUS

129,734

158,356

28,622

59,437,026

62,683,685

3,246,659

17,803,288

18,434,818

631,530

17,803,288

18,434,818

631,530

Miscellaneous charges

TOTAL REVENUES OTHER FINANCING SOURCES: Transfers from other funds Total Other Financing Sources TOTAL REVENUES AND OTHER FINANCING SOURCES $

77,240,314

81,118,503

3,878,189 (Continued)

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020

CITY OF EDMOND, OKLAHOMA BUDGETARY COMPARISON SCHEDULE GENERAL FUND For the fiscal year ended June 30, 2020

ORIGINAL BUDGET

FINAL BUDGET

ACTUAL BUDGETARY BASIS

VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE)

EXPENDITURES General Government: General: Materials and supplies Other services and charges

Total General

4,964

228,000

226,590

136,747

89,843

228,000

231,554

141,711

89,843

City Council: Personal services

24,545

26,090

Materials and supplies

15,750

14,205

2,787

11,418

139,750

147,068

61,146

85,922

180,045

187,363

90,023

97,340

693,823

657,263

36,560

21,600

16,136

5,464

485,425

485,775

158,110

327,665

1,200,848

1,201,198

831,509

369,689

200,000

96,897

103,103

4,334

Other services and charges Total City Council Municipal Court: Personal services Materials and supplies Other services and charges Total Judicial Edmond-Guthrie Regional Airport Other services and charges Cemetery:

168,343

164,009

Materials and supplies

Personal services

12,825

9,661

3,164

Other services and charges

43,510

39,152

4,358

224,678

212,822

11,856

Total Cemetery Planning and Zoning:

742,233

737,392

4,841

Materials and supplies

Personal services

21,000

5,669

15,331

Other services and charges

30,150

130,112

122,410

7,702

Total Planning and Zoning

793,383

893,345

865,471

27,874

Personal services

90,819

79,490

11,329

Materials and supplies

19,925

1,900

18,025

Other services and charges

68,469

37,687

30,782

179,213

119,077

60,136

3,006,167

3,117,351

2,357,510

759,841

801,816

798,960

2,856

97,550

53,203

44,347

Downtown Community Center:

Downtown Community Center TOTAL GENERAL GOVERNMENT ECONOMIC DEVELOPMENT: Community Image: Personal services Materials and supplies Other services and charges

499,560

519,410

271,567

247,843

Capital outlay

130,000

136,616

4,271

132,345

1,528,926

1,555,392

1,128,001

427,391

1,528,926

1,555,392

1,128,001

Total Community Image TOTAL ECONOMIC DEVELOPMENT

427,391 (Continued)

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020

CITY OF EDMOND, OKLAHOMA BUDGETARY COMPARISON SCHEDULE GENERAL FUND For the fiscal year ended June 30, 2020

ORIGINAL BUDGET

FINAL BUDGET

VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE)

ACTUAL BUDGETARY BASIS

PUBLIC SAFETY: Emergency Management: Personal services

Materials and supplies Other services and charges Total Emergency Management

192,504

31,847

192,504

31,847

187,982

2,706

4,522 29,141

86,705

79,185

7,520

311,056

269,873

41,183

118,530

Building Department: 1,329,417

1,331,417

1,212,887

Materials and supplies

Personal services

39,922

23,672

16,250

Other services and charges

85,352

68,243

17,109

Total Building Department

1,454,691

1,456,691

1,304,802

151,889

TOTAL PUBLIC SAFETY

1,765,747

1,767,747

1,574,675

193,072

1,230,000

1,580,000

667,194

912,806

1,230,000

1,580,000

667,194

912,806

Other services and charges

783,500

784,417

TOTAL OUTSIDE AGENCIES

783,500

784,417

1,207,775

1,150,652

57,123

227,116

227,223

172,552

54,671

Other services and charges

1,038,900

1,179,456

955,221

224,235

Total Parks and Recreation

2,473,791

2,614,454

2,278,425

336,029

365,794

369,806

369,805

18,125

14,113

8,248

5,865

STREETS AND HIGHWAYS: Capital outlay TOTAL STREETS AND HIGHWAYS OUTSIDE AGENCIES:

PARKS AND RECREATION: Parks and Recreation: Personal services Material and supplies

Senior Center: Personal services Materials and supplies Other services and charges

68,354

57,738

10,616

452,273

435,791

16,482

Personal services

6,459

2,403

4,056

Materials and supplies

6,166

4,187

1,979

Other services and charges

42,225

18,669

23,556

Total Festival Marketplace

54,850

25,259

29,591

1,000

Total Senior Citizens Festival Marketplace:

Historical Society: Materials and supplies Other services and charges Total Historical Society

1,000

284,500

293,189

293,188

285,500

294,189

293,188

1,001

3,266,414

3,415,766

3,032,663

383,103

11,580,754

12,220,673

9,544,460

2,676,213

Transfers to other funds

(68,122,756)

(72,219,705)

(72,091,715)

127,990

Total Other Financing Uses

127,990

TOTAL PARKS AND RECREATION TOTAL EXPENDITURES OTHER FINANCING SOURCES (USES)

(68,122,756)

(72,219,705)

(72,091,715)

TOTAL EXPENDITURES AND OTHER FINANCING USES

79,703,510

84,440,378

81,636,175

REVENUES AND OTHER SOURCES OVER (UNDER) EXPENDITURES AND OTHER USES $

(2,463,196)

(7,200,064)

(517,672)

2,804,203

6,682,392

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Budgetary Comparison Schedule Major Special Revenue Fund - Fire Public Safety Limited Tax Fund For the year ended June 30, 2020 Fire Public Safety Limited Tax Fund

Original Budget REVENUES Taxes Intergovernmental Charges for services Investment income Miscellaneous Total revenues

4,515,933 6,000 65,000 40,750 4,627,683

Final Budget $

4,515,933 6,000 65,000 40,750 4,627,683

ACTUAL BUDGETARY BASIS $

4,766,028 1,000 17,468 347,438 92,845 5,224,779

Variance with Final Budget Positive (Negative) $

250,095 1,000 11,468 282,438 52,095 597,096

EXPENDITURES Current: Public Safety Personal services Materials and supplies Other services and charges Capital outlay Total Expenditures Excess (deficiency) of revenues over expenditures

18,714,018 914,590 3,349,428 373,240 23,351,276

18,714,018 965,771 3,358,228 1,167,082 24,205,099

17,894,962 593,046 2,863,200 947,719 22,298,927

819,056 372,725 495,028 219,363 1,906,172

(18,723,593)

(19,577,416)

(17,074,148)

2,503,268

OTHER FINANCING SOURCES (USES) Transfers in Total other financing sources and uses

19,888,768 19,888,768

21,253,551 21,253,551

19,253,550 19,253,550

(2,000,001) (2,000,001)

Net change in fund balance

1,165,175

1,676,135

2,179,402

503,267

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Budgetary Comparison Schedule Major Special Revenue Fund -Police Public Safety Limited Tax Fund For the year ended June 30, 2020

Police Public Safety Limited Tax Fund

Original Budget REVENUES Taxes Intergovernmental Charges for services Investment income Miscellaneous Total revenues

2,257,967 150,000 3,000 35,000 25,000 2,470,967

Final Budget $

2,257,967 229,500 3,000 35,000 25,000 2,550,467

ACTUAL BUDGETARY BASIS $

2,383,014 99,124 232,438 384,031 3,098,607

Variance with Final Budget Positive (Negative) $

125,047 (130,376) (3,000) 197,438 359,031 548,140

EXPENDITURES Current: Public Safety Personal services Materials and supplies Other services and charges Capital outlay Total Expenditures Excess (deficiency) of revenues over expenditures

20,440,420 960,551 4,903,133 26,304,104

20,475,870 979,066 4,930,000 27,000 26,411,936

19,365,812 680,307 4,656,626 23,447 24,726,192

1,110,058 298,759 273,374 3,553 1,685,744

(23,833,137)

(23,861,469)

(21,627,585)

2,233,884

OTHER FINANCING SOURCES (USES) Transfers in Total other financing sources and uses

21,943,555 21,943,555

23,617,689 23,617,689

Net change in fund balances

(1,889,582)

(243,780)

1,990,104

2,233,884

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020

NOTES TO BUDGETARY COMPARISON SCHEDULES BUDGETARY ACCOUNTING AND CONTROL Budget Law The City prepares its annual operating budget under the provisions of the Oklahoma Municipal Budget Act of 1979 (the "Budget Act"). In accordance with those provisions, the following process is used to adopt the annual budget: a.

Prior to June 1, the City Manager submits to the City Council a proposed operating budget for the fiscal year commencing the following July 1. The operating budget includes proposed expenditures and the means of financing them.

Public hearings are conducted to obtain taxpayer comments. Public hearings are held no later than 15 days prior to the beginning of the budget year.

Subsequent to the public hearings but no later than seven days prior to July 1, the budget is legally enacted through the passage of a resolution by the City Council.

Subsequent to City Council enactment, the adopted budget is filed with the office of the State Auditor and Inspector.

The legal level of control at which expenditures may not legally exceed appropriations is the department level within a fund. The City Manager may only transfer appropriations within expenditure categories within a department without City council approval. Transfers between expenditure categories of a department or fund and budget supplements made during the year are recommended by the City Manager and must be approved by the City Council. Supplemental appropriations must also be filed with the Office of State Auditor and Inspector. Budgetary Accounting The City prepares its budgets for all governmental fund types on a budgetary basis of accounting which differs from the modified accrual basis of accounting in the following areas: Grants that do not result in cash flow and the related expenditures are not budgeted. Internal service fund charges for services are recorded as transfers in the budgetary basis.

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020

The following is a reconciliation of those differences: City of Edmond, Oklahoma Notes to Budgetary Comparison Schedule Reconciliation of Budgetary Basis to Modified Accrual Basis For the year ended June 30, 2020 Per Statement of Revenues, Expenditures, and Changes in Fund Balance General Fund: Total Revenues Transfers In Total Revenues and Other Financing Sources

Total Expenditures Transfers Out Total Expenditures and Other Financing Uses Net Changes in Fund Balance

Fire Public Safety Limited Tax Fund: Total Revenues Transfers In Total Revenues and Other Financing Sources Total Expenditures Total Expenditures and Other Financing Uses Net Changes in Fund Balance

Police Public Safety Limited Tax Fund: Total Revenues Transfers In Total Revenues and Other Financing Sources Total Expenditures Total Expenditures and Other Financing Uses Net Changes in Fund Balance

62,821,147 18,534,818 81,355,965

Internal Service Fund Transfers $

21,734,869 59,913,968 81,648,837 $

(292,872)

9,384,346 19,253,550 28,637,896 26,446,996 26,446,996 2,190,900

4,521,729 23,617,689 28,139,418 26,149,314 26,149,314 1,990,104

Non-Cash Activity $

(12,177,747) 12,177,747 -

(96,195) (96,195)

Fund Combined for Reporting Purposes

Per Budgetary Comparison Schedule

(12,662) (12,662)

(96,195)

(4,159,567) (4,159,567)

(4,148,069) (4,148,069) (11,498)

(1,423,122) (1,423,122) (1,423,122) (1,423,122) -

(41,267) (100,000) (141,267)

(128,605)

62,683,685 18,434,818 81,118,503 9,544,460 72,091,715 81,636,175

(517,672)

5,224,779 19,253,550 24,478,329 22,298,927 22,298,927 2,179,402

3,098,607 23,617,689 26,716,296 24,726,192 24,726,192 1,990,104

All governmental funds of the city are required to have annual budgets. The City utilized encumbrances accounting under which purchase orders, contracts and other commitments for the expenditure funds are recorded in order to reserve a portion of the applicable appropriation. Encumbered appropriations at year end are lapsed and encumbrances to be honored are re-appropriated in the following budget year.

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020

Schedules of Required Supplementary Information SCHEDULE OF THE CITY OF EDMOND'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET) OKLAHOMA POLICE PENSION & RETIREMENT SYSTEM Last 10 Fiscal Years* For the year June 30,

2015

2016

2017

2018

2019

2020

City's proportion of the net pension liability (asset)

3.0197%

3.1355%

3.4051%

3.4811%

3.5208%

3.5979%

City's proportionate share of the net pension liability (asset)

$ (1,016,693)

$ 127,846

$ 5,214,739

267,765

(1,677,156)

City's covered payroll

$ 8,445,211

$ 8,831,635

$ 9,974,924

10,264,440

10,598,091

City's proportionate share of the net pension liability (asset) as a percentage of its covered payroll

12.04%

1.45%

52.28%

2.61%

15.83%

1.96%

Plan fiduciary net position as a percentage of the total pension liability

101.53%

99.82%

93.50%

99.68%

101.89%

100.24%

(229,691) 11,700,155

Notes to Schedule: Only six fiscal years are presented because 10-year data is not yet available.

SCHEDULE OF CITY CONTRIBUTIONS OKLAHOMA POLICE PENSION & RETIREMENT SYSTEM Last 10 Fiscal Years * 2015 Statutorily required contribution

Contributions in relation to the statutorily required contribution

1,152,006

Contribution deficiency (excess)

City's covered payroll

Contributions as a percentage of covered payroll

2016

8,831,635

2017

1,305,813

1,305,813 $ $

13%

Notes to Schedule: Only six fiscal years are presented because 10-year data is not yet available.

1,349,366

1,349,366 $

9,974,924

2018

10,264,440

13%

2019

1,380,245

1,380,245 $ $

10,598,091

13%

2020

1,469,019

1,469,019 $ $

11,700,155

13%

1,537,710

1,537,710 $ $

11,804,550

13%

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020

Schedules of Required Supplementary Information SCHEDULE OF THE CITY OF EDMOND'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY OKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEM Last 10 Fiscal Years* For the year June 30, City's proportion of the net pension liability

2015

2016

2017

2018

2019

2020

3.5619241%

3.566186%

3.764069%

3.774118%

3.801623%

3.958970%

City's proportionate share of the net pension liability

36,628,970

37,851,799

45,986,170

47,467,983

42,792,838

41,833,083

City's covered payroll

9,729,108

9,743,764

10,528,981

10,727,533

11,215,029

12,190,179

City's proportionate share of the net pension liability as a percentage of its covered payroll

376.49%

388.47%

436.76%

442.49%

381.57%

343.17%

Plan fiduciary net position as a percentage of the total pension liability

68.12%

68.27%

64.87%

66.61%

70.73%

72.85%

Notes to Schedule: Only six fiscal years are presented because 10-year data is not yet available.

SCHEDULE OF CITY CONTRIBUTIONS OKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEM Last 10 Fiscal Years 2015 Statutorily required contribution

Contributions in relation to the statutorily required contribution

1,364,114

Contribution deficiency (excess)

City's covered payroll

Contributions as a percentage of covered payroll

2016

9,743,764

14%

2017

1,474,042

10,528,981

14%

Notes to Schedule: Only six fiscal years are presented because 10-year data is not yet available.

1,501,841

1,474,042 $

2018

$ $

10,727,533

14%

2019

1,570,090

1,570,090 $ $

11,215,029

14%

2020

1,717,405

1,717,405 $ $

12,190,179

14%

1,807,139

1,807,139 $ $

12,908,239

14%

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020

SCHEDULE OF CHANGES IN THE CITY'S NET PENSION LIABILITY AND RELATED RATIOS SINGLE-EMPLOYER DEFINED BENEFIT PENSION PLAN Last 10 Fiscal Years* For the year June 30. Total pension liability Service cost Interest Changes of benefit terms Difference between expected and actual experience Changes of assumptions Benefit payments, including refunds of member contributions Net change in total pension liability Total pension liability-beginning Total pension liability-ending (a)

2015

2016

2017

2,465,096 4,803,663 1,229,173 700,579 (2,164,180) 7,034,331 64,855,477 71,889,808

$ 2,619,414 5,193,616 584,011 (3,135,897) 5,261,144 71,889,808 $ 77,150,952

$ 2,822,532 5,565,362 729,188 (3,610,999) 5,506,083 77,150,952 $ 82,657,035

$ 2,108,839 1,338,561 (2,627,009) (3,135,897) (30,748) (2,346,254) 66,089,862 $ 63,743,608

$ 2,292,339 1,400,380 (1,060,450) (3,610,999) (27,211) (1,005,941) 63,743,608 $ 62,737,667

$ 13,407,344

$ 19,919,368

Plan fiduciary net position Contributions-employer Contributions-member Net investment income Benefit payments, including refunds of member contributions Administrative expense Net change in plan fiduciary net position Plan fiduciary net position-beginning Plan fiduciary net position-ending (b)

1,965,953 1,264,678 8,331,083 (2,164,180) (38,377) 9,359,157 56,730,705 66,089,862

City's net pension liability - ending (a)-(b)

5,799,946

23,801,107

Plan fiduciary net position as a percentage of the total pension liability Covered payroll City's net pension liability as a percentage of covered employee payroll

91.93%

24.37%

Notes to Schedule: Only six fiscal years are presented because 10-year data is not yet available.

82.62% $ 25,382,314 52.82%

2018

74.85%

2020

2,909,090 5,983,564 87,006 (3,163,789) 5,815,871 82,657,035 88,472,906

$ 2,973,834 6,358,873 349,458 (4,529,684) 5,152,481 88,472,906 $ 93,625,387

2,465,138 1,458,953 6,935,917 (3,163,789) (12,050) 7,684,169 62,737,667 70,421,836

$ 2,621,560 1,478,406 3,803,053 (4,529,684) (3,050) 3,370,285 70,421,837 $ 73,792,122

2,755,222 1,534,738 4,264,543 (3,897,867) (6,336) 4,650,300 73,792,118 78,442,418

18,051,070

$ 19,833,265

25,845,619

27,957,092

30,797,305

75.90% $ 26,613,450

2019

79.60%

64.57%

78.82% $ 29,150,410 68.04%

3,080,463 6,758,728 671,204 4,050,122 (3,897,867) 10,662,650 93,625,387 104,288,037

75.22%

83.92%

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020

SCHEDULE OF EMPLOYER CONTRIBUTIONS SINGLE-EMPLOYER DEFINED BENEFIT PENSION PLAN Last 10 Fiscal Years For the year June 30.

2016

Actuarially determined contribution Contributions in relation to the actuarially determined contribution Contribution deficiency (excess)

Covered payroll

2017

2,397,984 2,292,339 105,645

26,673,905

Contributions as a percentage of covered payroll

2018

2,569,913 2,441,134 128,779

27,194,847

8.99%

2019

2,672,395 2,738,281 (65,886)

28,160,118

9.45%

2020

2,870,691 2,665,048 205,643

3,574,326 2,987,489 586,837

29,233,107

30,602,103

9.49%

9.82%

9.76%

SCHEDULE OF EMPLOYER CONTRIBUTIONS (Continued) SINGLE-EMPLOYER DEFINED BENEFIT PENSION PLAN Last 10 Fiscal Years For the year June 30.

2011

Actuarially determined contribution Contributions in relation to the actuarially determined contribution Contribution deficiency (excess)

Covered payroll

2012

1,803,185 1,811,247 (8,062)

21,588,603

Contributions as a percentage of covered payroll

$ $

2013

1,803,629 1,886,892 (83,263)

22,630,229

8.35%

1,846,314 1,822,720 23,594

22,598,708

7.97%

Notes to Schedule: Valuation date: Actuarially determined contribution rates are calculated as of June 30, one year prior to the end of the fiscal year in which contributions are reported. Methods and assumptions used to determine contribution rates: Actuarial cost method

Entry Age Normal

Amortization method

Level dollar

Remaining amortization period

30 years rolling

Asset valuation method

Market value

Inflation

2.5%

Salary Increases

5.0% average including inflation plus age-scale

Investment rate of return

7.25% per annum

Retirement age

Plan experience as last measured in 2011

Mortality

PubG-2010 63-37 with cohort projection by Scale MP2019

2014

8.17%

2015 $

2,004,213 1,965,953 38,260

2,195,239 2,108,839 86,400

24,089,104

25,496,393

8.32%

8.61%

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020

PENSION FUND - SCHEDULE OF INVESTMENT RETURNS Last 10 Fiscal Years * Year Ended June 30. 2015

Annual money-weighted rate of return, net of investment expense

Year Ended June 30. 2016

Year Ended June 30. 2017

-3.97%

-1.66%

14.55%

Notes to Schedule: Only six fiscal years are presented because 10-year data is not yet available.

100

Year Ended June 30. 2018

5.42%

Year Ended June 30. 2019

5.76%

Year Ended June 30. 2020

-1.34%

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020

Schedule of Changes Total OPEB Liability and Related Ratios Postemployment Health Insurance Implicit Rate Subsidy Plan

2018 Total OPEB Liability Service cost $ Interest Difference between expected and actual experience Changes in assumptions Benefits paid Net change in total OPEB liability

347,426 166,825 (365,447) (187,469) (38,665)

2019 $

323,640 229,895 (16,169) (599,130) (201,139) (262,903)

2020 $

302,450 237,525 217,852 254,676 (207,852) 804,651

Balances at Beginning of Year Balances End of Year

6,136,680 6,098,015

6,098,015 $ 5,835,112

5,835,112 6,639,763

Covered employee payroll

$ 39,000,000

$ 44,770,000

52,556,000

Total OPEB liability as a percentage of coveredemployee payroll

15.64%

Notes to Schedule: Only three year's of data is presented because 10-year data is not yet available

101

13.03%

12.63%

THIS PAGE INTENTIONALLY LEFT BLANK

102

OTHER SUPPLEMENTARY INFORMATION

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

GENERAL FUND Under GASB Statement 54 certain funds no longer met the definition to be presented as Special Revenue Funds. Those funds became sub-funds of the General Fund for reporting purpose. For reporting purposes, the General Fund contains the following sub-funds: GENERAL FUND - The primary operating fund of the City. The General Fund is reported as a major governmental fund. It is used to account for all activities except those legally or administratively required to be accounted for in other funds. REAL PROPERTY SUB-FUND - The Real Property Sub-Fund has been established to accumulate resources for future real property acquisitions of the City. Financing is provided by transfers of investment earnings from the Hospital Sale Trust Fund. EDMOND ELECTRIC ECONOMIC DEVELOPMENT S U B - FUND – The Economic Development S u b Fund has been established to stimulate the growth of Edmond's economy by offering services that facilitate the growth and expansion of new and existing businesses and generating opportunities to increase the sales tax base of the City of Edmond. PARK SPECIAL EVENTS SUB-FUND – The Park Special Events Sub -Fund has been established to account for donations and fees related to culture and recreation events.

103

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Balance Sheet General Fund Accounts June 30, 2020

ASSETS Cash and cash equivalents Investments Due from other funds Due from other governments Accrued interest receivable Other receivables Total assets

LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Due to other funds Unearned revenue Amounts held in escrow Total liabilities

General Fund $

DEFERRED INFLOWS OF RESOURCES Unavailable revenue Total deferred inflows of resources Fund balances: Restricted Assigned Unassigned Total fund balances Total liabilities, deferred inflows of resources and fund balances

Real Property Fund

1,648,307 4,561,876 98,220 7,765,403 15,539 1,328,740 15,418,085

418,164 74,294 11,028 192,998 696,484

30,006 97,998 358 128,362

Edmond Electric Economic Development $

218,142 712,438 2,604 933,184

Park Special Events $

Total General Fund

19,135 62,494 228 81,857

1,915,590 5,434,806 98,220 7,765,403 18,729 1,328,740 16,561,488

418,164 74,294 11,028 192,998 696,484

717,927 717,927

225 225

1,639 1,639

144 144

719,935 719,935

3,660,040 2,975,932 7,367,702 14,003,674 15,418,085

128,137 128,137 128,362

931,545 931,545 933,184

81,713 81,713 81,857

3,660,040 4,117,327 7,367,702 15,145,069 16,561,488

104

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Statement of Revenues, Expenditures and Changes in Fund Balances General Fund Accounts For the Year Ended June 30, 2020

REVENUES Sales and use taxes Franchise and public service taxes Intergovernmental Charges for services Fines and forfeitures Licenses and permits Investment income Miscellaneous Total revenues

General Fund $

EXPENDITURES Current: General government Public safety Health and sanitation Culture, parks and recreation Economic development Streets and highways Capital Outlay Total Expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending

Real Property Fund

48,939,746 2,075,062 1,957,033 6,153,739 1,653,304 1,625,110 194,051 181,835 62,779,880

Park Special Events

23,851 23,851

12,375 1,864 300 14,539

Total General Fund $

48,939,746 2,075,062 1,957,033 6,166,114 1,653,304 1,625,110 222,643 182,135 62,821,147

6,818,256 2,958,977 729,418 4,200,282 6,343,809 671,465 21,722,207

13 13

86 86

12,563 12,563

6,818,355 2,958,977 729,418 4,212,845 6,343,809 671,465 21,734,869

41,057,673

2,864

23,765

1,976

41,086,278

18,434,818 (59,913,968) (41,479,150) (421,477)

2,864

100,000 100,000 123,765

1,976

18,534,818 (59,913,968) (41,379,150) (292,872)

125,273

807,780

79,737

15,437,941

14,425,151 $

2,877 2,877

Edmond Electric Economic Development

14,003,674

128,137

105

931,545

81,713

15,145,069

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Schedule of Revenues, Expenditures and Changes in Fund Balance-Budgetary Basis Budget and Actual - General Fund Sub-Funds For the year ended June 30, 2020

EDMOND ELECTRIC ECONOMIC DEVELOPMENT Budget

PARKS SPECIAL EVENTS FUND

Variance Positive (Negative)

Actual

Budget

Variance Positive (Negative)

Actual

Revenues: Charges for services

Investment income Miscellaneous Total Revenues

17,000

12,375

6,000

23,851

17,851

250

1,864

4,500

300

6,000

23,851

(4,625) 1,614 (4,200)

17,851

21,750

14,539

(7,211)

Expenditures: General Government: Personal services

Materials and supplies Other services and charges Capital outlay Debt service Total General Government

250

164

700,000

700,250

164

Other service and charges

Capital outlay

Parks and Recreation: Personal services Materials and supplies

Total Parks and Recreation

Total Expenditures Revenues over (under) expenditures

1,850

455

1,395

18,800

12,108

6,692

20,650

12,563

8,087

700,250

164

20,650

12,563

8,087

(694,250)

23,765

18,015

1,100

1,976

876

Other financing sources (uses): Transfers from other funds Total of other financing resources Revenues and other sources over (under) expenditures and other uses Fund Balance-beginning of year Fund Balance -end of year

100,000

(594,250)

123,765

18,015

1,100

1,976

876

807,780 $

213,530

807,780 $

931,545

106

18,015

79,737 $

80,837

79,737 $

81,713

876

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Schedule of Revenues, Expenditures and Changes in Fund Balance-Budgetary Basis Budget and Actual - General Fund Sub-Funds For the year ended June 30, 2020 (Continued)

REAL PROPERTY FUND

Budget

Variance Positive (Negative)

Actual

Revenues: Charges for services

Investment income Miscellaneous Total Revenues

1,200

2,877

1,677

1,200

2,877

1,677

Expenditures: General Government: Personal services Materials and supplies Other services and charges

1,500

1,487

Capital outlay

Debt service

Total General Government

1,500

1,487

Other service and charges

Capital outlay

Parks and Recreation: Personal services Materials and supplies

Total Parks and Recreation

Total Expenditures Revenues over (under) expenditures

1,500

1,487

2,864

3,164

(300)

Other financing sources (uses): Transfers from other funds Total of other financing resources Revenues and other sources over (under) expenditures and other uses

2,864

3,164

125,273

(300)

Fund Balance-beginning of year Fund Balance -end of year

125,273 $

107

124,973

128,137

3,164

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

NONMAJOR GOVERNMENTAL FUNDS Special Revenue Funds Special Revenue Funds are used to account for the proceeds of specific revenue sources that are normally restricted to expenditures for specified purposes. CDBG ENTITLEMENT - This fund was established by the City to account for the grants received from the Federal government through the Oklahoma Department of Commerce under various Community Development Block Grant programs. ASSET FORFEITURE FUND - The Asset Forfeiture Fund has been established to account for assets that are equitably distributed by the Drug Enforcement Administration to state and local agencies that directly participate in the law enforcement effort that leads to the seizure of assets used in illegal drug activities. The assets received must be for only law enforcement purposes such as enhancements to future investigations, law enforcement training, equipment, operations and overtime for enforcement activities. SENIOR CITIZENS FUND - This fund was established to account for dedicated revenues received for the benefit of senior citizens, including grants, donations and other resources. The expenditures of the fund are administratively restricted for the benefit of senior citizens' activities or programs. CONVENTION & VISITORS BUREAU – The Convention & Visitors Bureau Fund accounts for the Hotel/Motel tax revenues that the City collects. It is restricted for tourism, conventions, and visitors’ bureau. HOSPITAL SALE TRUST FUND –The Hospital Sale Trust Fund was established in 1981 to account for the proceeds of approximately $7,200,000 received from the sale of the Edmond Memorial Hospital to the Hospital Corporation of America. Use of the trust principal must first be approved by a vote of the citizens of the City. Investment earnings from the trust may be appropriated without voter approval but are restricted to capital improvements. AMBULATORY SERVICE FUND – The Ambulatory Service Fund provides funding of the City of Edmond’s Ambulance Services through the regional Emergency Medical Services Authority (EMSA). It primarily covers those citizens who have elected to participate in the TotalCare Program which is a monthly fee of $3.00 paid through utility billing which began in FY 09-10. (continued)

108

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

Capital Project Funds The Capital Project Funds have been established to account for all major capital improvements, except those accounted for in proprietary type funds, which are financed by the City's sales tax revenue bond issues, General Fund transfers, and other designated sources. CEMETERY PERPETUAL CARE FUND - The Cemetery Perpetual Care Fund has been established to account for 20% of all monies received from the sale of lots and interments as established by City Council. Monies received must be used for making capital improvements. CEMETERY CARE FUND - The Cemetery Care Fund has been established to account for 12.5% of all monies received from the sale of lots and interments in accordance with state law. Monies received must be used to purchase lands for cemeteries and for making capital improvements. Interest earned may be used for improving, caring for, and embellishing cemetery property. PARK SALES TAX FUND - The Park Sales Tax Fund has been established to account for operations and facility improvement costs of the City’s park and recreation system. Financing is provided by a permanent one-eighth cent sales tax approved by the voters in September 1992 and expanded in 2000 to include all city parks. ART IN PUBLIC PLACES FUND – The Art in Public Places Fund has been established to account for art acquisitions by the City. Financing is provided by donations, investment earnings and other City funds as determined by the City Council. CAPITAL IMPROVEMENT FUND - The Capital Improvement Fund was established to account for major capital improvements that are financed by the General Fund and other designated sources which are outlined in the City's five year Capital Improvements program. The fund is funded primarily from General Fund transfers. ROADWAY IMPROVEMENT FUND - The Roadway Improvement Fund has been established to account for street construction and improvement projects as approved by the voters on May 10, 1994. The improvements are financed by a temporary seven-eighths cent sales tax which ended in FY1995. The remainder of funds are planned to be expended on street improvements. 1996 CAPITAL IMPROVEMENT TAX FUND - The 1996 Capital Improvements Tax Fund has been established to account for various capital improvements as recommended by the Citizens Capital Improvements Planning Committee and approved by the voters on August 27, 1996. The improvements are being financed by a three-fourths cent sales tax for a five year period beginning November 1, 1996. Funded from the tax are street improvements, radio communication system and computer aided dispatch, water treatment plant expansion, library expansion, senior citizens center, and a city wide sidewalk project. 2012 PUBLIC SAFETY CENTER TAX FUND – used to account for the proceeds of a five year half cent voter-restricted limited purpose sales tax to be used for the development of the City’s Public Safety Center and other capital project as approved by the voters. 2017 CAPITAL IMPROVEMENT FUND - The 2017 Capital Improvements Fund has been established to account for various capital improvements as recommended by the Capital Improvement Project Advisory Board. Their recommendations are forwarded to the City Council for their approval. This fund replaces the 2012 Public Safety Center-Capital Improvements Tax Fund, established to account for the capital construction cost of a new Public Safety Center and other capital improvements. The improvements are being financed by a 10 year one-half cent sales tax approved by voters on April 2016 and commenced on April 1, 2017 and will run for ten years, unless extended by the voters.

109

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Combining Balance Sheet Nonmajor Governmental Funds June 30, 2020

CAPTIAL PROJECT FUND

SPECIAL REVENUE FUNDS

ASSETS Cash and cash equivalents Investments Due from other funds Due from other governments Accrued interest receivable Other receivable Total assets

LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Due to other funds Total liabilities

CDBG Entitlement Fund $

DEFERRED INFLOWS OF RESOURCES Unavailable revenue Total deferred inflows of resources

Fund balances: Restricted Committed Assigned Unassigned (deficit) Total fund balances Total liabilities, deferred inflows of resources and fund balances

26,309 26,309

29,124 97,232 126,356

Asset Forfeiture Fund $

(100,047) (100,047) $

26,309

215,316 703,211 2,570 921,097

Convention and Visitor's Bureau Fund

Senior Center Fund $

74,313 242,703 552 887 318,455

34,870 113,882 416 36,529 185,697

15,913 15,913

Hospital Sale Trust Fund $

Ambulatory Service Fund

7,722,582 3,303 7,725,885

988 988

Cemetery Perpetual Care

222,589 726,962 2,657 39,413 991,621

23,533 76,857 281 100,671

1,617 1,617

1,110 1,110

263 263

1,672 1,672

177 177

832,221 87,259 919,480

203,812 83,452 30,081 317,345

142,035 27,486 169,521

7,724,897 7,724,897

923,016 66,933 989,949

100,494 100,494

921,097

110

318,455

185,697

7,725,885

991,621

100,671 (Continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Combining Balance Sheet Nonmajor Governmental Funds June 30, 2020

CAPITAL PROJECT FUNDS

ASSETS Cash and cash equivalents Investments Due from other funds Due from other governments Accrued interest receivable Other receivable Total assets

LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Due to other funds Total liabilities

Cemetery Care

Park Sales Tax Fund

DEFERRED INFLOWS OF RESOURCES Unavailable revenue Total deferred inflows of resources

Fund balances: Restricted Committed Assigned Unassigned (deficit) Total fund balances Total liabilities, deferred inflows of resources and fund balances

39,679 129,589 474 169,742

532,866 1,745,503 367,406 7,788 503,987 3,157,550

71,187 71,187

Capital Improvement Fund

Art in Public Places Fund $

10,266 33,564 73,470 132 117,432

20,555 20,555

116,748 381,290 1,394 499,432

273,774 273,774

Roadway Improvement Fund $

2,757 9,004 33 11,794

15,016 49,043 179 64,238

298 298

4,899 4,899

83 83

877 877

21 21

113 113

152,381 17,063 169,444

2,535,440 546,024 3,081,464

83,476 13,318 96,794

224,781 224,781

10,197 1,576 11,773

11,173 52,952 64,125

169,742

3,157,550

117,432

111

499,432

11,794

2017 Capital Improvement Fund

2012 Public Safety Center Tax Fund

1996 CIP Tax Fund

64,238

19 60 79

3,410,131 11,137,283 1,469,622 40,707 16,057,743

709,273 709,273

25,615 25,615

79 79

15,322,855 15,322,855

16,057,743

Total Governmental Funds $

12,420,685 15,348,951 73,470 1,863,889 57,518 583,232 30,347,745

1,119,826 98,220 1,218,046

36,745 36,745

28,042,076 83,452 1,067,473 (100,047) 29,092,954 $

30,347,745

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds For the Year Ended June 30, 2020

CAPTIAL PROJECT FUND

SPECIAL REVENUE FUNDS

REVENUES Sales and use taxes Hotel/motel taxes Intergovernmental Charges for services Investment earnings Investment earnings on interfund loans Miscellaneous Total revenues

CDBG Entitlement Fund $

EXPENDITURES Current: General government Public Safety Health and welfare Culture, parks and recreation Capital Outlay Total Expenditures Excess (deficiency) of revenues over expenditures

548,681 548,681

Asset Forfeiture Fund $

24,493 153,803 178,296

Senior Center Fund $

646 7,823 58,813 67,282

190,064 372,417 562,481

64,763 31,061 95,824

37,233 37,233

(13,800)

82,472

30,049

OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources and uses Net change in fund balances

(13,800)

82,472

Fund balances - beginning

(86,247)

837,008

Fund balances - ending

(100,047)

919,480

112

Convention and Visitor's Bureau Fund $

449,831 1,261 19,940 471,032

Hospital Sale Trust Fund $

883,108 27,590 910,698

Cemetery Perpetual Care $

37,430 646 38,076

2,200 2,200

686,478 686,478

(7,764)

209,837

224,220

38,076

30,049

(99,161) (99,161) (106,925)

209,837

224,220

38,076

287,296

276,446

7,515,060

765,729

62,418

317,345

478,796 478,796

212,037 212,037

Ambulatory Service Fund

169,521

7,724,897

989,949

100,494 (Continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds For the Year Ended June 30, 2020

CAPITAL PROJECT FUNDS

REVENUES Sales and use taxes Hotel/motel taxes Intergovernmental Charges for services Investment earnings Investment earnings on interfund loans Miscellaneous Total revenues

Cemetery Care

Park Sales Tax Fund

23,394 6,962 30,356

2,383,014 86,116 686,562 3,155,692

Capital Improvement Fund

Art in Public Places Fund $

3,316 329,781 333,097

(14,632) 648,621 633,989

EXPENDITURES Current: General government Public Safety Health and welfare Culture, parks and recreation Capital Outlay Total Expenditures Excess (deficiency) of revenues over expenditures

2,521 2,521

1,182,457 227,160 1,409,617

14,472 416,935 431,407

193,074 3,142,268 3,335,342

27,835

1,746,075

(98,310)

OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources and uses Net change in fund balances

27,835

(231,516) (231,516) 1,514,559

141,609

1,566,905

Fund balances - beginning Fund balances - ending

169,444

3,081,464

Roadway Improvement Fund $

2012 Public Safety Center Tax Fund

1996 CIP Tax Fund

265 265

1,440 1,440

2017 Capital Improvement Fund -

9,532,056 529,820 10,061,876

Total-Other Governmental Funds $

11,915,070 449,831 548,681 944,578 887,137 1,897,520 16,642,817

1 1

6 6

244,431 3,951,350 4,195,781

1,111,093 64,763 686,478 1,234,162 8,141,191 11,237,687

(2,701,353)

264

1,434

5,866,095

5,405,130

163,226 163,226 64,916

1,626,500 1,626,500 (1,074,853)

264

1,434

(8,710) (8,710) 5,857,385

1,789,726 (339,387) 1,450,339 6,855,469

31,878

1,299,634

11,509

62,691

96,794

113

224,781

11,773

64,125

9,465,470 $

15,322,855

22,237,485 $

29,092,954

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

CITY OF EDMOND, OKLAHOMA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE-BUDGETARY BASIS BUDGET AND ACTUAL - NONMAJOR GOVERNMENTAL FUNDS For the fiscal year ended June 30, 2020 SPECIAL REVENUE FUNDS ASSET FORFEITURE FUND

CDBG ENTITLEMENT

Budget

Variance Positive (Negative)

Actual

Budget

Variance Positive (Negative)

Actual

Revenues: Taxes

Intergovernmental

596,024

548,681

(47,343)

Charges for services

Investment income

2,000

24,493

22,493

Miscellaneous

153,803

596,024

548,681

2,000

178,296

176,296

Total Revenues

(47,343)

General Government: Personal services

95,110

Materials and supplies Other services and charges

86,631

8,479

3,850

139

3,711

775,453

475,711

299,742

Capital outlay

Debt service

874,413

562,481

311,932

Total General Government Public Safety: Personal services

Materials and supplies

69,739

43,438

26,301

Other services and charges

70,700

31,025

39,675

Capital outlay

54,314

21,361

32,953

194,753

95,824

98,929

Total Public Safety Parks and Recreation: Personal services

Material and supplies

Other services and charges

Capital outlay

Total Parks and Recreation Health & Welfare: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Health & Welfare Economic Development & Opp. Personal services

Materials and supplies

Other services and charges Capital outlay Total Economic Development & Opp

Street: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Street

874,413

562,481

311,932

194,753

95,824

98,929

Total Expenditures Revenues over (under) expenditures

(278,389)

(13,800)

264,589

(192,753)

82,472

275,225

Other financing sources (uses): Transfers from other funds

Transfers to other funds

(192,753)

82,472

275,225

837,008

Revenues and other sources over (under) expenditures and other uses Fund Balance-beginning of year Fund Balance -end of year

(278,389)

(13,800)

264,589

(86,247)

(364,636)

(100,047)

264,589

644,255

919,480

275,225 (continued)

114

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

CITY OF EDMOND, OKLAHOMA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE-BUDGETARY BASIS BUDGET AND ACTUAL - NONMAJOR GOVERNEMNTAL FUNDS For the fiscal year ended June 30, 2020 SPECIAL REVENUE FUNDS SENIOR CENTER FUND

Budget

CONVENTION AND VISITOR'S BUREAU FUND Variance Positive (Negative)

Actual

Budget

Variance Positive (Negative)

Actual

Revenues: Taxes

Intergovernmental Charges for services Investment income Miscellaneous Total Revenues

1,179

646

(533)

656,280

449,831

(206,449)

1,750

7,823

6,073

500

1,261

761

12,626

5,773

(6,853)

20,000

19,940

(60)

15,555

14,242

(1,313)

676,780

471,032

(205,748)

General Government: Personal services

279,187

273,244

5,943

Materials and supplies

9,000

4,816

4,184

Other services and charges

453,397

299,897

153,500

Capital outlay

Debt service

741,584

577,957

163,627

Total General Government Public Safety: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Public Safety Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay Total Parks and Recreation

5,500

1,620

3,880

12,000

4,963

7,037

17,500

6,583

10,917

Health & Welfare: Personal services

Materials and supplies

Other services and charges

Capital outlay Total Health & Welfare

Economic Development & Opp. Personal services

Materials and supplies

Other services and charges

Capital outlay Total Economic Development & Opp

Street: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Street Total Expenditures Revenues over (under) expenditures

17,500

6,583

10,917

741,584

577,957

163,627

(1,945)

7,659

9,604

(64,804)

(106,925)

(42,121)

Other financing sources (uses): Transfers from other funds

Transfers to other funds

7,659

9,604

287,296

Revenues and other sources over (under) expenditures and other uses

(1,945)

Fund Balance-beginning of year Fund Balance -end of year

287,296 $

285,351

294,955

9,604

(64,804)

(106,925)

276,446

211,642

169,521

(42,121) $

(42,121) (continued)

115

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

HOSPITAL SALES TRUST FUND

Budget

Variance Positive (Negative)

Actual

Budget

Variance Positive (Negative)

Actual

Revenues: Taxes

Intergovernmental

Charges for services Investment income Miscellaneous Total Revenues

860,000

883,108

23,108

6,000

212,037

206,037

3,500

27,591

24,091

6,000

212,037

206,037

863,500

910,699

47,199

General Government: Personal services

Materials and supplies

2,200

Other services and charges Capital outlay Debt service Total General Government

500

2,700

2,200

500

Public Safety: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Public Safety Parks and Recreation:

Material and supplies

Other services and charges

Personal services

Capital outlay

Total Parks and Recreation

Health & Welfare: Personal services

Materials and supplies

12,000

9,243

2,757 10,918

Other services and charges

688,153

677,235

Capital outlay

700,153

686,478

13,675

Total Health & Welfare Economic Development & Opp. Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Economic Development & Opp Street: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Street

Total Expenditures Revenues over (under) expenditures

2,700 $

3,300

2,200 $

209,837

500 $

206,537

700,153 $

163,347

686,478 $

224,221

13,675 $

60,874

Other financing sources (uses): Transfers from other funds

Transfers to other funds

3,300

209,837

206,537

163,347

224,221

60,874

Revenues and other sources over (under) expenditures and other uses Fund Balance-beginning of year Fund Balance -end of year

7,515,080 $

7,518,380

7,515,060 $

7,724,897

(20) $

206,517

765,729 $

929,076

765,729 $

989,950

60,874 (continued)

116

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

CITY OF EDMOND, OKLAHOMA REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE-BUDGETARY BASIS BUDGET AND ACTUAL - NONMAJOR GOVERNMENTAL FUNDS For the fiscal year ended June 30, 2020 CEMETERY PERPETUAL CARE

Budget

Actual

Variance Positive (Negative)

Revenues: Taxes

Intergovernmental Charges for services Investment income Miscellaneous Total Revenues

33,000

37,430

4,430

200

646

446

33,200

38,076

4,876

General Government: -

Materials and supplies

Personal services

500

Other services and charges

100

Capital outlay

Debt service

600

Total General Government Public Safety: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Public Safety Parks and Recreation: Personal services

Material and supplies

Other services and charges

Capital outlay

Total Parks and Recreation Health & Welfare: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Health & Welfare Economic Development & Opp. Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Economic Development & Opp Street: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Street

600

Total Expenditures Revenues over (under) expenditures

32,600

38,076

5,476

Other financing sources (uses): Transfers from other funds

Transfers to other funds

Revenues and other sources over (under) expenditures and other uses

32,600

38,076

5,476

Fund Balance-beginning of year

62,418

Fund Balance -end of year

95,018

100,494

5,476 (continued)

117

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

CEMETERY CARE

Budget

Variance Positive (Negative)

Actual

Budget

Variance Positive (Negative)

Actual

Revenues: Taxes

Intergovernmental Charges for services Investment income Miscellaneous Total Revenues

2,251,967

2,383,014

131,047

21,124

23,394

2,270

503,987

600

6,962

6,362

10,000

86,116

76,116

56,000

182,575

126,575

21,724

30,356

8,632

2,317,967

3,155,692

837,725 -

General Government: Personal services Materials and supplies Other services and charges

13,000

3,000

2,521

479

Capital outlay

Debt service

16,000

2,521

13,479

Total General Government Public Safety: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Public Safety Parks and Recreation: Personal services

409,400

Material and supplies

77,680

74,863

2,817

Other services and charges

772,533

698,194

74,339

Capital outlay

1,636,977

227,160

1,409,817

2,896,590

1,409,617

1,486,973

Total Parks and Recreation Health & Welfare: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Health & Welfare Economic Development & Opp. Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Economic Development & Opp Street: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Street

Total Expenditures Revenues over (under) expenditures

16,000 $

5,724

2,521 $

27,835

13,479 $

22,111

2,896,590 $

(578,623)

1,409,617 $

1,746,075

1,486,973 $

2,324,698

Other financing sources (uses): Transfers from other funds

Transfers to other funds

(237,500)

(231,516)

5,984

5,724

27,835

22,111

(816,123)

1,514,559

2,330,682

141,609

1,566,905

Revenues and other sources over (under) expenditures and other uses Fund Balance-beginning of year Fund Balance -end of year

147,333

169,444

22,111

1,566,905 $

750,782

3,081,464

2,330,682 (continued)

118

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

ART IN PUBLIC PLACES FUND

Budget

Variance Positive (Negative)

Actual

Budget

Variance Positive (Negative)

Actual

Revenues: Taxes

Intergovernmental

Charges for services Investment income Miscellaneous Total Revenues

1,000

3,316

2,316

2,500

103,000

329,781

226,781

104,000

333,097

229,097

(14,632)

(17,132)

258,500

650,000

391,500

261,000

635,368

374,368

General Government: Personal services

Materials and supplies

1,379

Other services and charges

193,074

Capital outlay

3,535,227

3,142,268

392,959

Debt service

3,729,680

3,336,721

392,959

Total General Government Public Safety: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Public Safety Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay Total Parks and Recreation

21,000

14,467

6,533

450,573

416,935

33,638

471,598

431,407

40,191

Health & Welfare: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Health & Welfare Economic Development & Opp. Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Economic Development & Opp Street: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Street

471,598

431,407

40,191

3,729,680

3,336,721

392,959

Total Expenditures Revenues over (under) expenditures

(367,598)

(98,310)

269,288

(3,468,680)

(2,701,353)

767,327

Other financing sources (uses): Transfers from other funds Transfers to other funds Revenues and other sources over (under) expenditures and other uses Fund Balance-beginning of year Fund Balance -end of year

351,500

163,226

(16,098)

64,916

81,014

31,878

15,780

96,794

119

(188,274)

81,014

1,626,500

(1,842,180)

(1,074,853)

1,299,634

(542,546)

224,781

767,327 $

767,327 (continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

ROADWAY IMPROVEMENT FUND

Budget

Variance Positive (Negative)

Actual

Budget

Variance Positive (Negative)

Actual

Revenues: Taxes

Intergovernmental

Charges for services Investment income Miscellaneous Total Revenues

250

265

1,200

1,440

240

250

265

1,200

1,440

240

General Government: Personal services

Materials and supplies

Other services and charges

Capital outlay

Debt service

Total General Government Public Safety: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Public Safety Parks and Recreation: Personal services

Material and supplies

Other services and charges

Capital outlay

Total Parks and Recreation Health & Welfare: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Health & Welfare Economic Development & Opp. Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Economic Development & Opp Street: Personal services

Materials and supplies

Other services and charges

Capital outlay

11,456

59,649

Total Street

11,506

11,505

59,649

11,506

11,505

59,699

59,693

Total Expenditures Revenues over (under) expenditures

(11,256)

264

11,520

(58,499)

1,434

59,933

Other financing sources (uses): Transfers from other funds

Transfers to other funds

264

11,520

1,434

59,933

Revenues and other sources over (under) expenditures and other uses

(11,256)

Fund Balance-beginning of year Fund Balance -end of year

11,509 $

253

11,509 $

11,773

(58,499)

11,520

62,691 $

4,192

62,691 $

64,125

59,933 (continued)

120

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

Budget

Variance Positive (Negative)

Actual

Revenues: Taxes

9,031,866

9,532,056

500,190

Intergovernmental

Charges for services

25,000

529,818

504,818

9,056,866

10,061,874

1,005,008

Investment income Miscellaneous Total Revenues General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service Total General Government

5,000

139,545

5,577,913

161,612

5,416,301

5,722,458

301,157

5,421,301

Public Safety: Personal services

Materials and supplies

Other services and charges Capital outlay Total Public Safety

3,641,300

3,281,846

359,454

3,641,300

3,281,846

359,454

Parks and Recreation: -

Material and supplies

82,896

82,895

Other services and charges

Personal services

25,838

2,333,677

141,452

2,192,225

2,442,411

250,185

2,192,226

Capital outlay Total Parks and Recreation Health & Welfare: Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Health & Welfare Economic Development & Opp. Personal services

Materials and supplies

Other services and charges

Capital outlay

Total Economic Development & Opp Street: Personal services

Materials and supplies

Capital outlay

Other services and charges

2,321,958

91,732

2,230,226

Total Street

2,321,958

91,732

2,230,226

14,128,127

3,924,920

10,203,207

Total Expenditures Revenues over (under) expenditures

(5,071,261)

6,136,954

11,208,215

Other financing sources (uses): Transfers from other funds

Transfers to other funds Revenues and other sources over (under) expenditures and other uses Fund Balance-beginning of year Fund Balance -end of year

(2,041,177)

(8,710)

2,032,467

(7,112,438)

6,128,244

13,240,682

9,465,470

2,353,032

15,593,714

13,240,682 (continued)

121

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

CITY OF EDMOND, OKLAHOMA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE-BUDGETARY BASIS BUDGET AND ACTUAL - MAJOR GOVERNMENTAL CAPITAL PROJECT FUND For the fiscal year ended June 30, 2020

Budget REVENUES Taxes Intergovernmental Investment income Miscellaneous Total revenues

EXPENDITURES General Government: Materials and supplies Other services and charges Capital outlay Debt service Total General Government

Capital Project Funds 2000 Capital Improvement Tax Fund Variance Positive Actual (Negative)

13,547,798 200,000 60,000 13,807,798

14,298,084 600,032 133,326 15,031,442

750,286 400,032 73,326 1,223,644

200 35,000 815,877 8,454,581 9,305,658

23,281 287,292 8,444,586 8,755,159

200 11,719 528,585 9,995 550,499

4,674,613 4,674,613

134,234 134,234

4,540,379 4,540,379

730,898 730,898

418,844 418,844

312,054 312,054

6,853 6,853

Street: Capital outlay

21,506,635

6,543,174

14,963,461

Total Street

21,506,635

6,543,174

14,963,461

36,224,657

15,858,264

20,366,393

(22,416,859)

(826,822)

21,590,037

8,000,000 (112,370)

8,000,000 (86,370)

26,000

7,887,630

7,913,630

26,000

Revenues and other sources over (under) expenditures and other uses

(14,529,229)

7,086,808

21,616,037

Fund Balance-beginning of year

17,393,960

Parks and Recreation: Capital outlay Total Parks and Recreation Economic Development & Opp: Capital outlay Total Economic Development & Opp

Community Development: Capital outlay Total Community Development

Total Expenditures Revenues over (under) expenditures Other financing sources (uses): Transfers from other funds Transfers to other funds Total of other financing resources

Fund Balance -end of year

122

2,864,731

24,480,768

21,616,037

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

NONMAJOR ENTERPRISE FUNDS The City operates eight enterprise funds under the legal entity of the Edmond Public Works Authority ("EPWA"), a public trust created under applicable Oklahoma statutes on October 6, 1970, with the City named as the beneficiary thereof. The Electric, Water and Wastewater enterprise funds are reported as Major funds. The remaining five enterprise funds are reported as nonmajor and include the following: SANITATION - Established to acquire and furnish sanitation services to the citizens, receive all revenues generated, pay debt service requirements on the debt issued related to the sanitation facility, pay all operating expenses, and finance future sanitation improvements. ARCADIA LAKE - Established to account for revenues and expenses related to the operations of the Arcadia Lake and Recreation Facility. DRAINAGE - Established to account for a fee assessed on each customer’s utility bill for construction and further improvements to the City’s drainage system. KICKINGBIRD GOLF COURSE - The Golf Course Fund accounts for the costs of operating and maintaining the City’s 18-hole municipal golf course. Revenues are generated through green fees, cart rentals, driving range fees and restaurant operations. YOURGOVSHOP - The YourGovShop Fund is a cooperative purchasing service, operated by the City, which provides its partners and members the lowest competitive prices for good and services, as well as a reduction in the administrative costs of purchasing. Financing is provided by revenues generated from rebates, membership fees and General Fund transfers. CityLink – The CityLink Fund is for the costs of operating and maintaining Edmond’s public transportation service through a reliable, affordable, customer-friendly transportation service to the residents of Edmond for access to employment, shopping, medical, education and social destinations. The General Fund along with sponsorship funds the operations of this service.

123

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Combining Statement of Net Position Nonmajor Enterprise Funds June 30, 2020

ASSETS Current assets: Cash and cash equivalents Investments Restricted assets: Cash and cash equivalents Investments Receivables: Accrued interest receivable Utility receivables, net of allowance for uncollectible accounts Due from other governments Other receivables Due from other funds Inventories Total current assets Non-current assets: Restricted assets: Cash and cash equivalents Investments Capital Assets: Nondepreciable Depreciable, net of accumulated depreciation Total non-current assets Total assets

PWA Sanitation Fund $

DEFERRED OUTFLOWS OF RESOURCES Deferred charge on refunding Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred outflows of resources LIABILITIES Current liabilities: Accounts payable Accrued wages payable Accrued interest payable Due to other funds Unearned revenue Compensated absences Meter deposit liability Revenue bonds payable Total current liabilities Non-current liabilities: Compensated absences Meter deposit liability Total OPEB liability Net pension liability Revenue bonds payable, net Total non-current liabilities Total liabilities DEFERRED INFLOW OF RESOURCES Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred inflows of resources NET POSITION Net investment in capital assets Restricted for debt service Restricted for scholarships Unrestricted (deficit) Total net position

2,536,443 8,283,876

PWA Arcadia Lake Fund $

12,175 31,924

PWA Drainage Fund $

2,875,154 9,390,080

Kickingbird Golf Course Fund $

117,484 381,368

Yourgovshop Fund $

CityLink

78,093 255,045

Total

182,921 597,409

5,802,270 18,939,702

444,711 -

91,654 -

536,365 -

30,269 1,189,449 2,700 40,620 12,083,357

117 9,180 498,107

34,321 216,844 12,516,399

1,383 2,794 82,433 677,116

932 79,620 413,690

2,184 231,624 1,014,138

69,206 1,406,293 234,418 82,320 49,800 82,433 27,202,807

25,233 -

259,151 -

83,047 -

367,431 -

312,634 337,867 12,421,224

495,278 2,898,930 3,653,359 4,151,466

721,252 7,043,552 7,764,804 20,281,203

541,171 861,409 1,485,627 2,162,743

413,690

1,014,138

1,757,701 11,116,525 13,241,657 40,444,464

1,864 363,699 20,564 386,127

24,873 132,742 7,474 165,089

112,249 4,610 116,859

7,971 185,586 10,123 203,680

8,640 278 8,918

20,662 3,068 23,730

34,708 823,578 46,117 904,403

495,464 72,417 6,537 9,718 30,030 614,166

16,214 48,720 13,392 71,249 3,704 500 204,975 358,754

18,321 587,856 2,963 609,140

68,129 60,236 4,292 8,356 5,901 65,685 212,599

1,619 399 2,018

130,197 2,076 75 132,348

710,004 203,389 24,221 596,212 71,249 22,760 500 300,690 1,929,025

87,458 191,806 924,048 142,945 1,346,257 1,960,423

33,334 68,717 316,140 955,641 1,373,832 1,732,586

26,672 42,948 281,769 351,389 960,529

53,113 94,486 458,722 306,243 912,564 1,125,163

3,587 2,577 22,448 28,612 30,630

672 3,436 36,765 40,873 173,221

204,836 403,970 2,039,892 1,404,829 4,053,527 5,982,552

35,167 20,881 56,048

12,267 7,331 19,598

7,886 4,817 12,703

34,610 10,108 44,718

599 339 938

3,390 3,479 6,869

93,919 46,955 140,874

391,040 391,040

857,778 857,778

11,203,412 879,075 1,601 23,141,353 35,225,441

141,523 18,696 10,630,661 10,790,880

2,258,462 689,970 (384,061) 2,564,371

7,764,804 11,660,026 19,424,830

124

1,038,623 170,409 1,601 (14,091) 1,196,542

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Combining Statement of Revenues, Expenses and Changes in Fund Net Position Nonmajor Enterprise Funds For the Year Ended June 30, 2020

REVENUES Charges for services Operating grants and contributions Miscellaneous Total operating revenues

PWA Sanitation Fund $

OPERATING EXPENSES Personal services Materials and supplies Maintenance, operations and contractual services Depreciation Total Operating Expenses Operating income (loss)

10,678,194 5 10,678,199

PWA Arcadia Lake Fund $

1,640,342 338,609 7,166,093 14,764 9,159,808 1,518,391

1,244,881 103,873 1,348,754

PWA Drainage Fund

Kickingbird Golf Course Fund

1,856,083 1,856,083

1,804,754 680 56,962 1,862,396

Yourgovshop Fund $

85,188 85,188

CityLink $

365,681 1,263,016 1,628,697

Total $

767,055 104,667 539,802 202,063 1,613,587 (264,833)

483,257 6,022 311,929 66,375 867,583 988,500

1,071,758 408,252 423,978 42,017 1,946,005 (83,609)

36,360 13 17,670 54,043 31,145

(1,797) (15,491) (17,288)

301,830 301,830

7,566 (106,608) (4,966) (104,008)

8,491 8,491

18,568 18,568

1,785,269

(282,121)

1,290,330

(187,617)

39,636

(398,620)

2,246,877

Transfers in Transfers out Change in net position

21,321 (369,068) 1,437,522

369,435 (97,266) (9,952)

1,290,330

100,000 (31,169) (118,786)

39,636

700,000 301,380

1,190,756 (497,503) 2,940,130

Total net position - beginning

9,353,358

351,404

556,398

NON-OPERATING REVENUES (EXPENSES) Interest and investment revenue Gain (loss) on capital asset disposal Interest expense Total non-operating revenue (expenses)

270,768 (3,890) 266,878

Income (loss) before transfers

Total net position - ending

10,790,880

2,574,323 $

2,564,371

18,134,500 $

19,424,830

125

1,315,328 $

1,196,542

391,040

64,651 101,049 1,880,185 2,045,885 (417,188)

15,949,593 1,263,696 246,028 17,459,317

857,778

4,063,423 958,612 10,339,657 325,219 15,686,911 1,772,406

605,426 (106,608) (24,347) 474,471

32,285,311 $

35,225,441

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Combining Statement of Cash Flows Nonmajor Enterprise Funds For the Year Ended June 30, 2020

CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers Payments to suppliers Payments to employees Interfund payments Interfund receipts Net cash provided by (used in) operating activities

PWA Sanitation Fund $

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds Transfer to other funds Net cash provided by (used in) noncapital financing activities

10,732,377 (7,610,682) (1,498,047) (10,772) 1,612,876

PWA Arcadia Lake Fund $

1,355,659 (630,088) (712,306) (85,564) (72,299)

(347,747) (347,747)

369,435 (97,266) 272,169

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Principal paid on capital debt Interest paid on capital debt Net cash provided by (used in) capital and related financing activities

(30,418) (3,628) (34,046)

(11,500) (161,670) (55,113) (228,283)

CASH FLOWS FROM INVESTING ACTIVITIES Purchases of investments Sale of investments Interest and dividends Net cash provided by (used in) investing activities

395,177 222,845 618,022

Net increase (decrease) in cash and cash equivalents Balances-beginning of year Balances-end of year

Reconciliation of Operating Income (Loss) to Net Cash Provided by (used in) Operating Activities: Operating income (loss) Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: Depreciation expense Miscellaneous non-operating revenue (expense) Change in assets and liabilities: Receivables, net Other receivable Inventories Due from other governments Due from other funds Deferred outflows related to pension Deferred outflows related to OPEB Accounts and other payables Due to other funds Unearned revenue Customer meter deposits payable Total OPEB liability Net Pension liability Deferred inflows related to pension Deferred inflows related to OPEB Accrued compensated absences Net cash provided by (used in) operating activities Non-cash Activities: Change in fair value of investments Total Non-cash Activities

PWA Drainage Fund

Kickingbird Golf Course Fund

1,859,438 (318,601) (434,464) 97,802 1,204,175

1,861,716 (824,471) (990,143) 47,102

Yourgovshop Fund $

CityLink

80,374 (17,683) (32,983) 29,708

Total

1,538,219 (1,976,230) (60,752) (498,763)

17,427,783 (11,377,755) (3,728,695) (96,336) 97,802 2,322,799

100,000 (31,169) 68,831

700,000 700,000

1,169,435 (476,182) 693,253

(79,036) (79,036)

(61,253) (58,217) (17,662) (137,132)

(151,789) (250,305) (76,403) (478,497)

234,860 75 234,935

672,966 249,943 922,909

134,872 5,926 140,798

17,246 8,631 25,877

(75,113) 13,990 (61,123)

(75,113) 1,455,121 501,410 1,881,418

1,849,105

206,522

2,048,048

119,599

55,585

140,114

4,418,973

712,571

529,515

827,106

172,586

22,508

42,807

2,307,093

2,561,676

736,037

2,875,154

292,185

78,093

182,921

6,726,066

2,536,443 25,233 2,561,676

12,175 444,711 259,151 716,037

2,875,154 2,875,154

117,484 91,654 83,047 292,185

78,093 78,093

182,921 182,921

5,802,270 536,365 367,431 6,706,066

1,518,391

(264,833)

988,500

(83,609)

31,145

(417,188)

1,772,406

14,764 -

54,178 (10,772) (70,017) (14,559) (99,039) 23,679 172,153 25,450 (3,319) 1,967 1,612,876

$ $

(51,581) (51,581)

202,063 -

(21,455) (5,201) 23,816 (85,564) 6,905 8,484 57,416 10,010 (1,166) (2,774) (72,299)

$ $

1,989 1,989

126

66,375 -

42,017 -

(4,814) (1,784) (196) 216 319 4,329 572 (53) (26) 29,708

(90,478) (13,123) 162 5,394 (2,587) 18,219 197 2,534 (1,893) (498,763)

$ $

(4,431) (4,431)

3,355 (30,426) (3,260) 2,424 97,802 5,302 70,390 (544) (765) 5,022 1,204,175

2,114 3,400 (2,794) (32,179) (7,172) 13,243 11,665 82,614 10,713 (1,607) 8,697 47,102

$ $

(56,919) (56,919)

$ $

(2,008) (2,008)

325,219 (37,759) 2,114 3,400 (2,794) (10,772) (168,984) (30,226) (53,946) 12,238 6,905 46,862 405,121 46,398 (4,376) 10,993 2,322,799

$ $

(112,950) (112,950)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

INTERNAL SERVICE FUNDS The Internal Service Funds are used to account for the financing of administrative services provided by one department or function to other departments or functions of the City on a cost reimbursement basis. EMPLOYEE GROUP INSURANCE FUND - The Employee Group Insurance Fund has been established to account for the direct and indirect costs of administering a self-funded group health insurance plan. Financing is provided by the City, the Edmond Public Works Authority, City employees, and interest earnings on fund investments. Costs associated with the plan include the payment of employee and dependent health and dental claims, third party administrative costs, insurance premium payments for catastrophic claims, fully insured life, accidental death and dismemberment, and long term disability insurance. LIABILITY/TORT CLAIM FUND - The Liability/Tort Claim Fund has been established to account for direct and indirect costs for the payment of judgments and settled claims relating to torts and worker’s compensation. Financing is provided through billings to user departments. VEHICLE MAINTENANCE FUND - The Vehicle Maintenance Fund has been established to account for expenditures necessary to maintain City vehicles. Financing is provided through billings to user departments. FLEET MANAGEMENT FUND - The Fleet Management Fund has been established to accumulate resources for the replacement of vehicles and other equipment on a systematic basis. Financing is provided by fleet lease assessments to the General Fund, Park Sales Tax Fund, Administrative Support Services Fund, Edmond Public Works Authority, Fire Public Safety Limited Tax Fund and the Police Public Safety Limited Tax Fund. FIELD SERVICES FUND – The Field Services Fund has been established to provide street maintenance, water/wastewater line maintenance and traffic control systems maintenance. Financing is provided by the General Fund, Water and Wastewater Fund based upon applicable cost accounting methods. ADMINISTRATIVE SUPPORT SERVICES FUND - The Administrative Support Services Fund has been established to account for and allocate administrative overhead costs to user departments of the City. Financing is provided through billings to user departments based upon applicable cost accounting methods.

127

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Combining Statement of Net Position Internal Service Funds June 30, 2020

ASSETS Current assets: Cash and cash equivalents Investments Receivables: Accrued interest Due from other governments Other receivables Inventories Total current assets Non-current assets: Restricted assets: Cash and cash equivalents Investments Capital Assets: Nondepreciable Depreciable, net of accumulated depreciation Total non-current assets Total assets

DEFERRED OUTFLOWS OF RESOURCES Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred outflow of resources LIABILITIES Current Liabilities: Accounts payable Salaries payable Compensated absences Claims and judgments Total current liabilities Non-current liabilities: Compensated absences Total OPEB liability Net pension liability Claims and judgments Total non-current liabilities Total liabilities DEFERRED INFLOW OF RESOURCES Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred inflow of resources NET POSITION Net investment in capital assets Restricted for other purposes Unrestricted (deficit) Total Net Position

Vehicle Maintenance Fund

Group Insurance Fund

836,747 2,732,767

Liability/Tort Claim Fund

33,294 108,737

852,061 2,292,891

Fleet Management Fund $

2,955,451 9,652,327

Administrative Support Services Fund

Field Services Fund $

1,003,737 3,278,145

1,073,617 3,499,197

Total $

6,754,907 21,564,064

9,988 80,281 3,659,783

397 9,531 219,327 113,471 484,757

13,950 14,622 3,173,524

35,279 12,643,057

11,982 197,521 279,930 1,014,559 5,785,874

12,789 86,166 72,652 4,744,421

84,385 307,840 579,538 1,200,682 30,491,416

466,536 1,523,679

3,659,783

484,757

1,990,215 5,163,739

19,394,934 19,394,934 32,037,991

5,785,874

734,968 2,954,930 3,689,898 8,434,319

734,968 22,349,864 25,075,047 55,566,463

244,773 11,088 255,861

73,994 2,764 76,758

17,741 610 18,351

1,188,166 63,510 1,251,676

3,435,455 176,250 3,611,705

4,960,129 254,222 5,214,351

227,007 475,426 702,433

76,020 49,199 6,986 132,205

65,786 15,225 2,058 882,000 965,069

98,678 3,587 590 102,855

68,480 298,439 29,317 396,236

476,510 652,585 86,132 1,215,227

1,012,481 1,019,035 125,083 1,357,426 3,514,025

138,051 138,051 840,484

63,259 104,621 612,065 779,945 912,150

18,020 25,769 182,402 1,419,000 1,645,191 2,610,260

5,286 4,209 45,398 54,893 157,748

263,851 592,683 3,047,950 3,904,484 4,300,720

775,303 1,502,751 8,613,077 10,891,131 12,106,358

1,125,719 2,230,033 12,500,892 1,557,051 17,413,695 20,927,720

16,995 11,159 28,154

5,325 2,891 8,216

1,034 455 1,489

81,852 63,535 145,387

192,866 174,328 367,194

298,072 252,368 550,440

2,819,299 2,819,299

(199,686) (199,686)

1,969,286 652,735 2,622,021

19,394,934 12,502,171 31,897,105

2,591,443 2,591,443

128

3,689,898 (4,117,426) (427,528)

23,084,832 1,969,286 14,248,536 39,302,654

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Combining Statement of Revenues, Expenses and Changes in Fund Net Position Internal Service Funds For the Year Ended June 30, 2020

OPERATING REVENUES Charges for services Operating grants and contributions Miscellaneous Total operating revenues

OPERATING EXPENSES Personal services Materials and supplies Other services and charges Insurance premium expense Claims expense Depreciation Total operating expenses Operating income (loss) NON-OPERATING REVENUES (EXPENSES) Interest and investment revenue Gain on sale of capital assets Miscellaneous revenue Total non-operating revenue (expenses) Change in net position Total net position - beginning Total net position - ending

Vehicle Maintenance Fund

Group Insurance Fund

11,636,937 11,636,937

3,012,087 9,531 3,021,618

Fleet Management Fund

Liability/Tort Claim Fund $

1,741,076 14,622 191,959 1,947,657

4,334,754 4,334,754

Field Services Fund $

11,750,097 8,081 1,500 11,759,678

Administrative Support Services Fund $

20,144,926 86,166 20,231,092

Total $

52,619,877 118,400 193,459 52,931,736

242 1,223,817 1,059,419 9,704,128 11,987,606 (350,669)

1,087,378 1,481,677 654,258 3,223,313 (201,695)

321,522 15,599 254,125 797,965 773,358 2,162,569 (214,912)

79,523 6,597 160,053 2,291,451 2,537,624 1,797,130

5,600,953 911,589 4,355,711 10,868,253 891,425

15,427,401 864,804 6,396,562 385,418 23,074,185 (2,843,093)

22,516,777 3,280,508 13,044,526 1,857,384 10,477,486 2,676,869 53,853,550 (921,814)

62,710 62,710 (287,959)

4,469 3,538 8,007 (193,688)

96,545 96,545 (118,367)

212,480 161,340 24,255 398,075 2,195,205

128,965 279,930 408,895 1,300,320

49,608 114,366 163,974 (2,679,119)

554,777 161,340 422,089 1,138,206 216,392

3,107,258

(5,998)

2,740,388

29,701,900

1,291,123

2,251,591

39,086,262

2,819,299

(199,686)

129

2,622,021

31,897,105

2,591,443

(427,528)

39,302,654

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Combining Statement of Cash Flows Internal Service Funds For the Year Ended June 30, 2020

CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers Payments to suppliers Payments to employees Claims and judgments paid Net cash provided by (used in) operating activities

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Proceeds from sale of capital assets Net cash provided by (used in) capital and related financing activities CASH FLOWS FROM INVESTING ACTIVITIES Purchases of investments Sale of investments Interest and dividends Net cash provided by (used in) investing activities Net increase in cash and cash equivalents Balances-beginning of year Balances-end of year

Reconciliation to Combining Statement of Net Position: Cash and cash equivalents Cash and cash equivalents, non-restricted Total cash and cash equivalents, end of year

Vehicle Maintenance Fund

Group Insurance Fund 11,636,937 (2,259,753) (9,546,165) (168,981)

3,205,425 (2,216,858) (984,804) 3,763

1,933,035 (1,070,893) (292,677) (735,358) (165,893)

4,359,009 (982,530) (70,869) 3,305,610

Administrative Support Services Fund

Field Services Fund $

(4,974,709) 360,350 (4,614,359)

11,751,597 (5,424,854) (5,046,742) 1,280,001

20,259,292 (7,255,631) (14,021,820) (1,018,159)

Total $

(786,349) (786,349)

53,145,295 (19,210,519) (20,416,912) (10,281,523) 3,236,341

672,572 52,770 725,342

15,189 3,949 19,138

867,039 81,879 948,918

3,034,509 184,505 3,219,014

(597,565) 101,839 (495,726)

556,361

22,901

783,025

1,910,265

784,275

589,250

4,646,077

280,386

10,393

535,572

1,045,186

219,462

484,367

2,575,366

(5,761,058) 360,350 (5,400,708)

2,340,860 52,898 2,393,758

(597,565) 6,930,169 477,840 6,810,444

836,747

33,294

1,318,597

2,955,451

1,003,737

1,073,617

7,221,443

836,747 836,747

33,294 33,294

1,073,617 1,073,617

1,003,737 1,003,737

2,955,451 2,955,451

852,061 466,536 1,318,597

6,754,907 466,536 7,221,443

(201,695)

1,797,130

891,425

(2,843,093)

Reconciliation of Operating Income (Loss) to Net Cash Provided by (used in) Operating Activities: $ (350,669) $ Operating income (loss) Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: Depreciation expense Miscellaneous non-operating revenue Change in assets and liabilities: Other receivable Inventories Due from other governments Deferred outflows related to pension Deferred outflows related to OPEB Accounts and other payables 23,725 Claims liability 157,963 Total OPEB liability Net Pension liability Deferred inflows related to pension Deferred inflows related to OPEB Accrued compensated absences Net cash provided by (used in) operating activities $ (168,981) $ Non-cash Activities: Change in fair value of investments Total Non-cash Activities

Fleet Management Fund

Liability/Tort Claim Fund

(13,292) (13,292)

3,538 189,800 25,084 (9,531) (48,212) (7,930) (99,880) 12,916 128,053 7,049 (1,775) 6,346 3,763

(608) (608)

130

(214,912)

2,291,451 24,255

279,930

(279,930) (40,076) (8,081) (255,815) (44,994) (35,509) 73,170 661,063 19,700 (10,104) 29,222 1,280,001

(14,622) (14,272) (1,956) (568) 38,000 3,181 37,901 1,814 (459) (165,893)

(3,649) (296) (815,455) 520 9,173 508 285 1,688 3,305,610

(19,061) (19,061)

(42,426) (42,426)

18,102 18,102

385,418 114,366

(921,814)

2,676,869 422,089

(5,117) (86,166) (918,185) (129,360) 64,413 200,203 2,143,058 (5,027) (25,053) 86,384 (1,018,159)

(90,130) (20,109) (118,400) (1,240,133) (184,536) (863,274) 195,963 289,990 2,979,248 24,044 (37,106) 123,640 3,236,341

(6,862) (6,862)

(64,147) (64,147)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

AGENCY FUNDS Agency Funds are used to account for assets held by the City as an agent for individuals, private organizations, and other governmental funds. Agency Funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of operations. SIDEWALK AND DRIVEWAY ESCROW FUND accounts for contractor performance deposits held by the City on various City construction projects. The deposits are refunded after the projects have been satisfactorily completed. CLEET ASSESSMENT FUND accounts for the receipt of a State mandated penalty assessment on all City fines and forfeitures to be collected by the City and remitted quarterly to the State for its law enforcement training fund.

131

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

City of Edmond, Oklahoma Combining Statement of Fiduciary Assets and Liabilities Agency Funds June 30, 2020 C.L.E.E.T. PENALTY ASSESSMENT FUND

Sidewalk and Driveway Escrow Fund

ASSETS Cash and cash equivalents

TOTALS

427,427

25,605

453,032

Total assets

427,427

25,605

453,032

LIABILITIES Accounts payable Refundable deposits

427,427

25,605 -

25,605 427,427

427,427

25,605

453,032

Total liabilities

City of Edmond, Oklahoma Combining Statement of Changes in Assets and Liabilities Agency Funds For the fiscal year ended June 30, 2020

SIDEWALK AND DRIVEWAY ESCROW Assets: Cash and cash equivalents

BALANCE JUNE 30, 2019

ADDITIONS

DEDUCTIONS

BALANCE JUNE 30, 2020

481,900

97,392

151,865

427,427

481,900

97,392

151,865

427,427

LIABILITIES Refundable deposits

481,900

229,257

283,730

427,427

Total liabilities

481,900

229,257

283,730

427,427

20,186

294,861

289,442

25,605

Total assets

20,186

294,861

289,442

25,605

LIABILITIES Accounts payable

20,186

590,877

585,458

25,605

20,186

590,877

585,458

25,605

502,086 -

392,253 -

441,307 -

453,032 -

502,086

392,253

441,307

453,032

20,186 481,900

590,877 229,257

585,458 283,730

25,605 427,427

502,086

820,134

869,188

453,032

Total assets

C.L.E.E.T. PENALTY ASSESSMENT FUND Assets: Cash and cash equivalents

Total liabilities

TOTALS-ALL AGENCY FUNDS Assets: Cash and cash equivalents Other receivables Total assets LIABILITIES Accounts payable Due to other governments Refundable deposits Total liabilities

132

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

REVENUE BOND/NOTE COVENANT SCHEDULES The revenue bond and note agreements and indentures contain certain financial related covenants dealing with minimum requirements for net pledged revenue and minimum reserve account balance requirements. The following schedules are presented to indicate the level of compliance by the City or its public trusts with these covenants. Schedule of Revenue Bond/Note Debt Service Coverage This schedule compares the net revenues generated from revenues sources pledged for the payment of principal and interest of revenue bond and notes to the maximum annual debt service requirements on the debt. Schedule of Reserve Account Balances This schedule compares the amount of assets held in trust as reserve accounts related to revenue bonds and notes to the required balances to be maintained in these accounts as required by the debt covenants.

133

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

CITY OF EDMOND, OKLAHOMA SCHEDULE OF REVENUE BOND/NOTE DEBT SERVICE COVERAGE For the fiscal year ended June 30, 2020 Sales Tax and Utility Revenue Bonds Series 2010, 2012, 2013 2014, and 2014B

OWRB/Bank of America Notes Payable Series 2005C and 2013 General Sales Revenue Note GROSS REVENUES OF THE SYSTEM: Charges for services Investment income Miscellaneous income

Total Gross Revenues of the System OPERATION AND MAINTENANCE EXPENSES: Personal services Materials and supplies Maintenance, operations and contractual services Debt service on prior lien utility system revenue bonds Total Operation and Maintenance Expenses Total Gross Revenues of the System in Excess of Total Operation and Maintenance Expenses Add: Pledged sales tax revenue

158,612,029 6,007,517 122,504

Utility Revenue Bonds Series 2014, 2015 2016, and 2017 $

158,612,029 6,007,517 122,504

164,742,050

11,667,532 3,296,780 87,508,484 -

11,667,532 3,296,780 87,508,484 9,708,098

11,667,532 3,296,780 87,508,484 -

102,472,796

112,180,894

102,472,796

62,269,254

52,561,156

62,269,254

38,101,682

14,179,329

Net Revenues of the System plus pledged sales tax revenue

100,370,936

66,740,485

76,448,583

Maximum Debt Service Requirements on Liabilities

6,954,274

7,455,266

18,244,923

Computed Coverage Coverage Requirement

1443%

895%

419%

125%

NOTE: Revenues and expenses include only amounts related to the electric, water, wastewater, and sanitation funds. Operating expenses exclude depreciation, amortization and other non-cash items, in accordance with the terms of the applicable bond indentures. Maximum Debt Service Requirements on Liabilities is based on the following: Sales Tax and Utility System Revenue Bonds total debt service for the 2010, 2012, 2013 and 2014, 2014B series bonds in fiscal year 2021. Utility System Revenue Bonds total debt service for the 2014, 2015, and 2016 series bonds and OWRB notes payable in fiscal year 2024.

134

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

RESERVE BALANCE JUNE 30, 2020

REQUIRED RESERVES Required Balance: Series 2010 Sales Tax and Utility Revenue Bonds Series 2012 Sales Tax and Utility Revenue Bonds Series 2013 Sales Tax and Utility Revenue Bonds Series 2014 Sales Tax and Utility Revenue Bonds Series 2014B Sales Tax and Utility Revenue Bonds Series 2015 Utility Revenue Bonds Series 2016 Sales Tax and Utility Revenue Bonds Series 2017 Sales Tax and Utility Revenue Bonds

1,390,000 1,325,500 1,434,939 2,496,505 2,245,000 2,269,935 2,360,100 10,094,500

135

1,421,688 1,356,245 1,438,297 2,557,522 2,327,404 2,275,247 2,365,623 10,118,122

EXCESS BALANCE OVER REQUIRED RESERVES

31,688 30,745 3,358 61,017 82,404 5,312 5,523 23,622

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

DISCRETELY PRESENTED COMPONENT UNIT Additional information for the discretely presented component unit referred to in the notes to the financial statements is provided. HISTORIC PRESERVATION TRUST Created November 15, 1982 to preserve the qualities relating to the history of the City in order to promote the economic and general welfare of the people of the City of Edmond and to ensure the harmonious, orderly and efficient growth and development of the municipality. The EHPT governing body is appointed by the current City Council. The City is able to impose its will on the EHPT because, pursuant to state law, all issuance of EHPT debt requires a two-thirds approval of the City Council. The EHPT component unit does not issue separate financial statements.

136

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

CITY OF EDMOND, OKLAHOMA BALANCE SHEET DISCRETELY PRESENTED COMPONENT UNIT June 30, 2020 HISTORIC PRESERVATION TRUST ASSETS Cash and cash equivalents

49,071

Unassigned

49,071

Total liabilities and fund balances

49,071

Total assets LIABILITIES AND FUND BALANCES Fund Balances:

Reconciliation to Statement of Net Position: Fund balance Amounts reported for the discretely presented component unit in the statement of net position are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds. Net position of component unit

119,623 $

137

168,694

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2020

CITY OF EDMOND, OKLAHOMA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE DISCRETELY PRESENTED COMPONENT UNIT FOR THE FISCAL YEAR ENDED June 30, 2020 HISTORIC PRESERVATION TRUST Revenues: Investment income

Miscellaneous

42 1,759

Total Revenues

1,801

Expenditures: Current: Culture, parks and recreation

21,597

Total Expenditures

21,597

Revenues over (under) expenditures

(19,796)

Other financing sources: Payment from the City of Edmond

20,000

Net change in fund balance

204

Fund balances - beginning Fund balances - ending

48,867 49,071

204

Reconciliation to Statement of Activities: Net Change in fund balance Amounts reported for the discretely presented component unit in the Statement of Activities are difference because: Governmental funds report capital outlays as expenditures while governmental activities report depreciation expense to allocate those expenditures over the life of the assets: Depreciation expense Capital asset purchases capitalized

(30,509) 3,304

Change in net position - component unit

138

(27,001)

STATISTICAL SECTION

STATISTICAL SECTION This part of the City of Edmond’s comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the city’s overall financial health Such statistical information includes: FINANCIAL TRENDS – These schedules contain trend information to help the reader understand how the city’s financial performance and well-being have changed over time REVENUE CAPACITY – These schedules contain information to help the reader assess the city’s most significant local revenue sources, gas and sales tax revenues. DEBT CAPACITY –These schedules present information to help the reader assess the affordability of the city’s current levels of outstanding debt and the city’s ability to issue additional debt in the future. DEMOGRAPHIC AND ECONOMIC INFORMATION – These schedules offer demographic and economic indicators to help the reader understand the environment within which the city’s financial activities take place OPERATING INFORMATION – These schedules contain service and infrastructure data to help the reader understand how the information in the city’s financial report relates to the services the city provides and the activities it performs.

139

CITY OF EDMOND, OKLAHOMA NET POSITION BY COMPONENT Last Ten Fiscal Years TABLE 1

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

$ 152,755,649

$ 165,301,769

$ 179,081,790

$ 200,795,158

$ 250,995,878

297,762,184

$ 286,812,679

66,787,140

65,438,617

77,480,959

74,547,850

72,918,625

62,143,563

52,414,977

64,158,270

54,829,829

72,384,371

16,285,449

17,858,558

17,186,870

19,574,722

(52,758,763)

(30,213,326)

(45,256,242)

(29,282,105)

(17,829,598)

(17,966,287)

$ 235,828,238

$ 248,598,944

$ 273,749,619

$ 294,917,730

$ 271,155,740

287,016,739

304,920,919

$ 321,688,844

339,959,159

$ 367,967,143

$ 130,307,669

$ 139,272,090

$ 152,656,891

$ 166,264,500

$ 178,128,755

186,486,477

200,607,566

$ 212,908,949

230,309,413

$ 236,841,065

11,102,953

12,737,861

13,161,823

12,665,793

10,164,237

11,122,065

12,555,515

23,678,437

23,727,004

24,018,937

61,237,819

62,638,338

63,641,836

65,352,440

85,095,133

115,979,906

137,187,395

147,188,629

161,440,516

187,930,380

$ 202,648,441

$ 214,648,289

$ 229,460,550

$ 244,282,733

$ 273,388,125

313,588,448

350,350,476

$ 383,776,015

415,476,933

$ 448,790,382

$ 283,063,318

$ 304,573,859

$ 331,738,681

$ 367,059,658

$ 429,124,633

441,572,979

498,369,750

$ 499,721,628

533,268,341

$ 550,390,124

77,890,093

78,176,478

90,642,782

87,213,643

83,082,862

73,265,628

64,970,492

87,836,707

78,556,833

96,403,308

77,523,268

80,496,896

80,828,706

84,927,162

32,336,370

85,766,580

91,931,153

117,906,524

143,610,918

169,964,093

$ 438,476,679

$ 463,247,233

$ 503,210,169

$ 539,200,463

$ 544,543,865

655,271,395

$ 705,464,859

755,436,092

$ 816,757,525

Governmental activities Invested in capital assets, net of related debt Restricted Unrestricted Total governmental activities net assets

255,086,502

302,958,928

$ 313,549,059

Business-type activities Invested in capital assets, net of related debt Restricted Unrestricted Total business-type activities net assets

Primary government Invested in capital assets, net of related debt Restricted Unrestricted Total primary government net assets

140

600,605,187

CITY OF EDMOND, OKLAHOMA CHANGES IN NET POSITION Last Ten Fiscal Years TABLE 2

Expenses Government activities: General government Public safety Streets and highways Cultural, parks and recreation Health and welfare Economic development Interest on long-term debt Total governmental activities expenses Business-type activities: Electric operations Water operations Wastewater operations Sanitation operations Lake operations Drainage operations Golf course operations Cooperative purchasing services Transportation operations Economic development (payment to EEDA) Total business-type activities expenses Total primary government expenses Program Revenues Government activities: Charges for services: General government Public Safety Streets and highways Cultural, parks and recreation Health and welfare Operating grants and contributions Capital grants and contributions Total governmental activities program revenues

2011 $

5,031,798 39,468,587 10,186,548 5,419,709 2,879,900 3,060,764 66,047,306

2012 $

7,354,958 38,482,564 10,413,380 5,163,602 3,154,842 107,884 2,825,422 67,502,652

2013 $

7,931,878 41,599,381 10,787,542 4,742,925 3,173,294 72,066 2,478,720 70,785,806

2014 $

6,356,170 43,468,774 12,768,311 5,986,917 1,629,424 603,679 2,316,938 73,130,213

2015 $

6,284,407 43,371,086 13,111,395 8,532,349 1,510,407 644,296 1,527,392 74,981,332

2016 $

9,167,431 47,309,195 15,151,636 7,067,735 1,639,425 576,728 1,828,757 82,740,907

2017 $

8,005,753 52,798,820 15,148,413 8,080,826 1,681,699 1,669,226 87,384,737

2018 $

6,888,698 52,589,259 16,312,414 7,861,311 1,915,800 1,261,914 86,829,396

2019 $

2020

8,172,549 49,828,001 16,597,738 14,772,879 1,617,932 1,160,057 92,149,156

$ 12,991,002 58,007,128 17,457,954 8,050,323 1,637,687 913,814 99,057,908

65,755,607 16,360,858 5,351,923 6,673,527 1,255,232 953,486 1,914,021 64,215 412,000 98,740,869 $ 164,788,175

68,889,466 16,769,702 5,719,033 6,953,312 1,271,935 1,020,667 1,907,157 64,757 440,000 103,036,029 $ 170,538,681

72,308,154 16,804,561 6,495,234 6,797,466 1,289,412 887,642 1,928,258 62,844 470,000 107,043,571 $ 177,829,377

74,045,803 19,668,782 6,766,403 7,101,930 1,332,453 827,838 1,970,350 62,210 1,568,426 113,344,195 $ 186,474,408

75,458,152 19,838,405 7,138,969 6,876,040 1,351,272 916,310 2,079,169 63,641 1,594,042 115,316,000 $ 190,297,332

75,312,602 17,495,184 7,224,538 7,052,119 1,364,701 903,578 2,318,656 50,083 1,296,604 113,018,065 $ 195,758,972

80,292,128 18,724,132 9,664,933 7,157,872 1,453,667 1,034,170 2,201,686 50,897 1,692,550 122,272,035 $ 209,656,772

83,960,339 19,607,242 15,607,025 7,046,014 1,469,855 880,609 2,070,410 74,898 1,391,561 132,107,953 $ 218,937,349

82,237,525 20,437,191 16,641,334 7,869,423 1,516,853 875,983 1,988,581 52,254 1,859,743 133,478,887 $ 225,628,043

77,298,321 21,231,254 17,041,462 8,288,157 1,629,078 867,583 2,057,579 54,043 2,045,885 130,513,362 $ 229,571,270

7,604,193 946,769 7,200 719,757 1,167,687 5,547,074 5,176,962 21,169,642

7,353,230 1,220,778 84,870 528,606 1,140,753 5,475,330 5,232,894 21,036,461

7,421,872 1,246,610 11,670 536,743 1,135,962 5,682,716 10,668,747 26,704,320

7,934,422 1,267,798 10,200 518,039 931,947 5,498,584 7,002,940 23,163,930

7,945,577 1,213,991 101,877 410,001 916,854 5,867,612 10,227,919 26,683,831

7,259,773 1,188,473 23,422 161,863 869,997 6,040,401 10,189,610 25,733,539

9,352,670 1,115,725 13,140 127,378 859,838 6,552,097 10,309,777 28,330,625

7,828,234 1,384,049 11,010 149,433 861,021 5,965,300 8,034,550 24,233,597

8,543,748 1,262,975 251,746 140,669 871,623 7,143,120 4,333,470 22,547,351

8,240,851 1,370,013 10,350 112,864 883,108 13,179,067 2,830,664 26,626,917

(Continued)

141

CITY OF EDMOND, OKLAHOMA TABLE 2 (Continued) 2011 Business-type activities: Charges for services: Electric operations Water operations Wastewater operations Sanitation operations Lake operations Drainage operations Golf course operations Cooperative purchasing service Transportation operationsⁱ Operating grants and contributions Capital grants and contributions Total business-type activities program revenues Total primary government program revenues

Net (Expense)/Revenue

Government activities Business-type activities Total primary government net expense

2013

2014

2015

2016

2017

2018

2019

2020

65,175,715 20,660,467 7,150,976 7,409,205 868,456 1,625,597 1,879,253 49,240 225,488 3,649,620 108,694,017 $ 129,863,659

71,935,412 22,701,466 8,554,554 7,577,025 880,719 1,758,988 1,997,414 80,190 72,975 1,665,577 117,224,320 $ 138,260,781

70,744,562 22,891,181 9,923,751 7,813,513 846,471 1,684,899 2,012,055 82,326 921,297 6,989,454 123,909,509 $ 150,613,829

76,674,353 22,931,346 11,423,965 8,065,999 963,845 1,703,753 1,997,086 74,389 290,470 328,568 4,189,645 128,643,419 $ 151,807,349

87,756,233 22,666,769 12,531,903 8,955,701 942,661 1,769,513 2,024,187 89,516 226,136 258,503 8,610,407 145,831,529 $ 172,515,360

91,957,403 25,066,076 13,377,584 9,128,560 1,078,431 1,876,533 2,018,439 63,524 262,869 308,943 6,492,648 151,631,010 $ 177,364,549

96,627,510 28,766,025 15,752,873 9,199,752 1,108,201 1,791,313 1,988,412 91,286 282,098 1,167,903 4,640,646 161,416,019 $ 189,746,644

96,084,847 28,945,349 18,329,678 9,341,779 1,072,563 1,823,590 1,976,462 92,670 325,498 1,259,751 8,111,664 167,363,851 $ 191,597,448

$ 92,617,522 26,439,295 19,757,067 10,304,500 884,775 1,885,531 1,860,050 93,712 337,241 681,098 4,291,191 159,151,982 $ 181,699,333

$ 95,266,537 32,010,388 20,595,066 10,678,199 1,348,254 1,876,169 1,856,866 85,188 365,681 1,453,389 2,911,413 168,447,150 $ 195,074,067

$ (44,877,664) 9,953,148 $ (34,924,516)

$ (46,466,191) 14,188,291 $ (32,277,900)

(44,081,486) 16,865,938 (27,215,548)

(49,966,283) 15,299,224 (34,667,059)

(48,297,501) 30,515,529 (17,781,972)

(57,007,368) 38,612,945 (18,394,423)

$ (62,595,799) 35,255,898 $ (27,339,901)

$ (69,601,805) 25,673,095 $ (43,928,710)

$ (72,430,991) 37,933,788 $ (34,497,203)

34,403,578 5,870,777 1,956,926 19,569,255 2,157,871 421,979 1,101,004 608,693 346,998 2,795,080 69,232,161

36,065,782 6,094,618 2,031,539 20,315,394 2,269,717 443,663 1,078,777 825,927 450,357 1,558,620 71,134,394

37,777,579 6,318,872 2,106,291 21,062,907 2,327,317 453,376 1,158,392 815,222 727,652 501,074 73,248,682

38,186,535 6,341,907 2,113,969 21,139,690 2,281,490 464,362 1,060,789 933,373 1,015,926 (669,672) 72,868,369

41,601,211 15,175,675 2,167,676 13,006,050 2,178,428 520,259 1,056,904 838,366 829,258 3,956,561 81,330,388

$ 46,328,395 16,007,631 2,286,751 13,720,509 2,121,326 548,394 1,015,817 2,159,392 871,305 2,812,600 87,872,120

$ 48,939,746 16,681,098 2,383,014 14,298,084 2,075,062 449,831 1,176,698 2,307,769 1,185,245 10,942,428 100,438,975

2,479,408 3,514 (3,956,561) (1,473,639) 79,856,749

8,822,828 17,595 (2,812,600) 6,027,823 $ 93,899,943

6,322,089 (10,942,428) (4,620,339) $ 95,818,636

18,734,589 33,782,259 52,516,848

$ 18,270,315 31,700,918 $ 49,971,233

$ 28,007,984 33,313,449 $ 61,321,433

General Revenues and Other Changes in Net Position Government activities: Taxes: Sales and use taxes - General government $ 28,917,747 Sales and use taxes - Public safety 4,914,564 Sales and use taxes - Park and recreation 1,638,188 Sales and use taxes - Capital improvements 9,829,129 Franchise and public service taxes 2,304,910 Hotel/motel taxes 344,968 Intergovernmental revenue not restricted to specific 981,492 Investment income 1,299,271 Miscellaneous 242,196 Transfers-Internal activity 1,066,444 Total governmental activities 51,538,909 Business-type activities: Investment earnings 991,181 Miscellaneous 176,357 Transfers - Internal activity (1,066,444) Total business-type activities 101,094 Total primary government $ 51,640,003 Change in Net Position Government activities Business-type activities Total primary government

2012

$ $

6,661,245 10,054,242 16,715,487

$ $

31,299,351 5,366,325 1,788,775 12,798,391 2,106,551 391,664 894,306 822,610 293,668 3,475,226 59,236,867 780,709 506,071 (3,475,226) (2,188,446) 57,048,421

12,770,676 11,999,845 24,770,521

$ $

481,283 260,120 (2,795,080) (2,053,677) 67,178,484

25,150,675 14,812,261 39,962,936

$ $

797,046 284,533 (1,558,620) (477,041) 70,657,353

21,168,111 14,822,183 35,990,294

* 2014 Transportation operations was established as a BTA instead of Governmental Activity

142

$ $

659,037 171,402 (501,074) 329,365 73,578,047

24,951,181 30,844,894 55,796,075

$ $

917,706 669,672 1,587,378 74,455,747

15,861,001 40,200,323 56,061,324

$ $

(59,054,112) 39,143,984 (19,910,128)

38,693,158 8,631,688 2,107,465 18,765,363 2,142,557 464,292 1,118,273 626,649 1,097,844 3,311,003 76,958,292 929,047 (3,311,003) (2,381,956) 74,576,336

17,904,180 36,762,028 54,666,208

$ $

CITY OF EDMOND, OKLAHOMA FUND BALANCES, GOVERNMENTAL FUNDS Last Ten Fiscal Years TABLE 3

2011 General Fund Restricted Committed Assigend Unassigned Total general fund All Other Governmental Funds Restricted Committed Assigned Unassigned Total all other governmental funds

GRAND TOTAL

$ 63,331,400 3,613 1,905,771 $ 65,240,784

65,078,915 2,879 1,617,875 66,699,669

76,190,028

$ 74,895,940

2013

2,107,217 1,643,231 5,904,708 9,655,156

1,637,707 2,702,404 5,150,248 9,490,359

2012

2014

2,644,344 1,822,138 6,770,667 11,237,149

74,827,114 7,352 3,593,792 78,428,258

89,665,407

2015

3,197,753 578,249 1,434,645 7,375,504 12,586,151

71,339,026 11,733 4,706,939 76,057,698

88,643,849

2016

2,962,254 1,947,137 6,056,058 10,965,449

61,708,614 11,530 5,077,958 66,798,102

77,763,551

NOTE: Beginning in FY 2011 the City implemented GASB Statement 54, changing the categories of Fund Balance

143

2017

2,889,481 1,120,870 3,142,639 7,152,990

59,241,768 8,902 5,867,853 (1,999,113) 63,119,410

70,272,400

2019

3,364,662 2,720,331 6,731,159 $ 12,816,152

$ 59,247,663 3,175 7,684,589 (128,156) $ 66,807,271

53,097,413 3,444 6,909,158 (50,046) 59,959,969

69,502,528

$ 79,623,423

2,660,047 1,462,779 5,419,733 9,542,559

2018

2020

3,467,816 4,069,136 7,900,989 15,437,941

49,422,691 61,059 8,994,482 (86,168) 58,392,064

66,755,124 83,452 9,776,816 (100,047) 76,515,345

73,830,005

91,660,414

3,660,040 4,117,327 7,367,702 15,145,069

CITY OF EDMOND, OKLAHOMA CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS Last Ten Fiscal Years TABLE 4

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

45,299,628 2,341,305 344,968 6,776,753 6,750,908 2,436,202 1,082,107 1,271,330 1,416,558 67,719,759

$ 51,252,842 2,106,551 391,664 10,805,328 6,633,164 2,068,170 1,525,110 823,014 593,336 $ 76,199,179

$ 61,800,536 2,199,488 421,979 14,086,717 6,816,347 2,053,931 1,389,282 675,831 747,326 $ 90,191,437

$ 64,507,333 2,311,150 443,663 10,904,286 6,801,451 2,099,735 1,608,680 799,873 708,441 $ 90,184,612

$ 67,265,649 2,371,750 453,376 9,686,171 6,871,742 1,809,016 1,769,355 778,705 30,640 1,021,236 $ 92,057,640

$ 67,782,101 2,281,490 464,362 7,450,843 6,311,280 1,641,283 1,412,552 845,306 85,876 1,488,927 $ 89,764,020

$ 68,197,674 2,142,557 464,292 7,805,686 7,663,884 2,267,734 1,452,924 583,258 61,930 1,107,010 $ 91,746,949

$ 71,950,612 2,173,068 520,256 7,262,029 6,981,728 1,628,740 1,446,443 768,467 823,154 $ 93,554,497

$ 78,343,286 2,121,326 548,394 8,232,953 7,409,618 1,854,649 1,544,064 2,162,265 953,514 $ 103,170,069

82,301,942 2,075,062 449,831 8,188,527 7,128,160 1,653,304 1,625,110 2,289,689 2,689,856 $ 108,401,481

5,382,504 37,953,732 3,920,453 3,904,840 2,624,963 10,068,623

3,370,000 2,797,592 70,022,707

4,095,000 2,852,354 $ 80,884,047

4,495,000 2,458,647 $ 94,088,737

5,988,514 2,509,629 $ 94,240,843

5,328,286 2,363,880 $ 104,930,101

6,364,851 2,164,759 $ 96,585,499

6,529,309 2,005,000 $ 95,827,824

(2,302,948)

$ (4,684,868)

(3,897,300)

$ (4,056,231)

$ (12,872,461)

$ (6,821,479)

Transfers in Transfers out Transfer to escrow agent Bond premium Bond proceeds Total other financing sources(uses)

57,700,798 (55,064,383) (13,667,116) 13,900,000 $ 2,869,299

$ 62,738,138 (59,347,356) $ 3,390,782

$ 69,839,503 (66,985,905) (12,477,058) 1,325,224 26,965,000 $ 18,666,764

$ 68,979,432 (67,435,112) (12,376,172) 1,221,619 12,644,906 $ 3,034,673

$ 75,715,179 (75,214,105) (21,731,628) 2,467,717 20,755,000 $ 1,992,163

$ 52,673,556 (53,343,228) $ (669,672)

$ 54,126,365 (50,815,362) $ 3,311,003

Net change in fund balances

$ (1,294,086)

$ 14,769,464

$ (1,021,558)

$ (10,880,298)

$ (7,491,151)

13.8%

9.9%

11.1%

Revenues Sales and use taxes Franchise and public service taxes Ad valorem taxes Hotel/motel taxes Intergovernmental Charges for services Fines and forfeitures Licenses and permits Investment income Interest earning on interfund loan Miscellaneous Total Revenues

Expenditures: General government Public safety Streets and highways Cultural, Parks and Recreation Health and welfare Economic development Capital Outlay Debt service: Principal Interest and fiscal charges Total Expenditures Excess of revenues over(under) expenditures

5,239,393 37,732,090 2,897,088 4,494,049 4,164,797 296,685 19,112,591

6,339,565 40,600,947 2,909,278 4,858,017 4,350,720 28,076,563

6,170,708 42,576,993 1,374,487 5,152,798 4,436,186 26,031,528

6,812,288 45,697,743 1,255,580 5,235,819 4,843,989 33,392,516

5,937,535 49,182,140 6,354,224 4,696,132 1,384,677 576,728 19,924,453

6,111,202 49,487,104 5,377,604 5,047,946 1,426,948 19,842,711

(4,080,875)

6,317,255 51,433,553 1,661,448 5,122,238 5,488,301 9,068,059

7,188,375 55,538,847 1,386,878 5,212,135 6,280,570 27,716,586

8,039,099 54,673,635 1,415,896 5,447,007 6,343,809 17,149,468

6,701,397 1,597,915 $ 87,390,166

6,956,637 1,496,059 $ 111,776,087

7,194,769 1,249,817 $ 101,513,500

(8,606,018)

$ 58,879,082 (54,922,521) $ 3,956,561

$ 59,149,775 (56,337,175) $ 2,812,600

$ 10,120,892

6,164,331

6,887,981

Other financing sources(uses)

Debt service as a percentage of noncapital expenditures

566,351 12.0%

11.2%

8.9%

144

(769,872) 11.2%

10.6%

(5,793,418) 9.2%

71,195,783 (60,253,355) $ 10,942,428 17,830,409 10.0%

CITY OF EDMOND, OKLAHOMA GOVERNMENTAL ACTIVITIES TAX REVENUES BY SOURCE Last Ten Fiscal Years TABLE 5

Use Tax

Sales Tax

2011

$ 42,592,891

2012

48,573,889

2,678,953

2,066,159

40,392

391,664

53,751,057

2013

58,707,772

3,092,764

2,116,254

41,617

421,979

64,380,386

2014

60,946,182

3,561,151

2,228,284

41,433

443,663

67,220,713

2015

63,188,721

4,076,928

2,282,884

44,433

453,376

70,046,342

2016

63,419,072

4,363,029

2,231,857

49,633

464,362

70,527,953

2017

62,905,560

4,602,444

2,086,557

60,000

464,292

70,118,853

2018*

65,030,252

6,920,359

2,116,876

56,192

520,259

74,643,938

2019

68,602,544

9,740,742

1,921,645

199,681

548,394

81,013,006

2020

72,913,720

10,811,523

1,922,300

152,762

449,831

86,250,136

2,706,737

Franchise Tax

Hotel/ Motel Tax

Fiscal Year

2,301,455

Liquor Tax $

39,850

*2018 Sales Tax number was adjusted to actual amount; was originally figured on accrual basis.

145

344,968

Totals $

47,985,901

CITY OF EDMOND, OKLAHOMA ELECTRICITY REVENUE BY CUSTOMER TYPE LAST TEN FISCAL YEARS TABLE 6

2011 Residential Commercial Large Commercial & Industrial Other Totals

2012

2013

2014

2015

2016

2017

2018

2019

2020

39,450,423 17,706,025 846,672 5,664,118

44,917,923 20,110,914 879,907 6,029,794

42,678,657 19,814,031 855,677 5,806,358

45,419,073 21,837,857 920,361 6,578,831

49,882,043 20,854,463 779,163 6,619,510

54,344,401 26,186,761 1,136,853 8,267,848

$ 57,601,509 27,314,591 1,256,929 8,797,452

$ 56,980,187 27,173,997 1,192,418 8,530,719

54,782,535 26,132,873 1,039,152 8,628,662

56,350,635 26,518,095 1,017,380 8,849,524

63,667,238

71,938,538

69,154,723

74,756,122

$ 78,135,179

89,935,863

$ 94,970,481

$ 93,877,321

90,583,222

92,735,634

Source: City of Edmond Utility Customer Service Department

146

CITY OF EDMOND, OKLAHOMA TOP TEN ELECTRIC CUSTOMERS LAST TEN YEARS TABLE 7

2011

2013

2014

2015

2016

2017

2018

2020

2019

% of Total

Value

% of Total

Rank

Value

Rank

% of Total

Value

Rank

% of Total

Value

Rank

% of Total

Value

Rank

% of Total

Value

Rank

% of Total

Value

Rank

% of Total

Value

Rank

% of Total

Value

Rank

Taxpayer

2012

Value

% of Total

2.9%

City of Edmond

2,049,567

2.8%

2,076,083

3.0%

1,993,673

2.7%

$ 2,307,101

3.0%

$ 2,265,985

2.5% 2

2,480,011

2.6%

$ 2,265,360

2.4%

$ 2,600,226

2.9%

2,471,991

2.7%

2,695,813

Edmond Public Schools

1,693,712

2.4%

1,957,444

2.8%

$ 1,847,810

2.5%

$ 2,161,015

2.8%

$ 2,437,296

2.7% 1

2,577,853

2.7%

$ 2,490,373

2.7%

$ 2,577,610

2.8%

2,551,565

2.8%

2,454,767

2.6%

University of Central Oklahoma

1,754,771

1,789,302

2.6%

$ 1,719,861

2.3%

$ 1,078,747

1.4%

$ 1,825,544

2.0% 3

1,851,218

1.9%

$ 1,377,662

1.5%

$ 2,064,566

2.3%

2,292,888

2.5%

2,424,474

2.6%

Walmart

851,814

1.2%

779,495

1.0%

806,165

1.0%

$ 1,046,622

1.2% 4

811,535

0.9%

822,461

0.9%

$ 1,139,731

1.3%

1,006,943

1.1%

967,127

1.0%

0.0%

833,125

0.9% 5

674,400

0.7%

700,892

0.7%

889,319

1.0%

878,889

0.9%

839,491

0.9%

759,208

2.4% 0.0% 1.1%

Mercy Health

0.0%

Integris Health Edmond

0.0%

349,842

0.5%

479,408

0.6%

511,748

0.7%

494,264

0.5% 9

310,761

0.3%

355,621

0.4%

579,351

0.6%

609,388

0.7%

715,895

0.8%

339,516

0.5%

375,621

0.5%

359,406

0.5%

389,113

0.5%

10 $

447,974

0.5%

0.0%

358,587

0.4%

487,583

0.5%

456,414

0.5%

461,075

0.5%

Crest Foods

OU Medical Center

315,069

0.4%

373,020

0.5%

360,258

0.5%

438,975

0.6%

0.0% 10

291,105

0.3%

0.0%

419,144

0.5% 10 $

436,584

0.5%

451,525

0.5%

Lowe's

330,251

0.5%

363,185

0.5%

342,856

0.5%

373,712

0.5%

452,313

0.5% 8

355,156

0.4%

362,301

0.4%

498,967

0.6%

475,887

0.5%

431,664

0.5%

0.0%

448,296

0.5% 7

379,453

0.4%

388,111

0.4% 10 $

460,090

0.5%

443,055

0.5% 10 $

426,877

281,059

0.4%

306,271

0.4%

292,138

0.4%

363,000

0.5%

491,979

0.5% 6

393,246

0.4%

396,914

0.4%

0.4% 10 $

276,202

0.4%

310,054

0.4%

0.0%

$ 8,451,107

11.3%

$ 8,739,630

11.2%

$ 10,743,399

11.9%

$ 10,124,738

10.7%

$ 9,518,282

10.1%

$ 11,716,587

12.9%

$ 11,623,604

12.5%

$ 11,868,708

12.8%

Edmond YMCA Homeland Stores

Oak Tree Partners LLC

255,308

0.4%

278,929

Henderson Hills Baptist Church

255,308

0.4%

0.0%

11.2%

8,721,511

12.6%

71,938,538

Totals

8,033,768

Total Electric Revenue (see Table 6)

63,667,237

$ 69,154,723

$ 74,756,124

$ 78,135,179

Source: City of Edmond Utility Customer Service Department

147

$ 89,935,863

$ 94,970,481

0.0%

$ 93,877,321

0.0%

$ 90,583,222

0.5% 0.0%

$ 92,735,634

CITY OF EDMOND, OKLAHOMA ELECTRICITY RATES LAST TEN YEARS TABLE 8

Rate Code E01

Rate Schedule R -1

Units

Edm Elec 01/01/201011/01/13

$/mo

12.48

13.50

14.00

$/kWh $/kWh

0.0806 0.0806

0.0822 0.0822

0.0843 0.0843

0.0851 0.0851

$/kWh $/kWh

0.0806 0.0833

0.0822 0.0849

0.0843 0.0870

0.0851 0.0957

$/kWh $/kWh

0.0806 0.0806

0.0822 0.0822

0.0843 0.0843

0.0851 0.0851

$/kWh $/kWh

0.0806 0.0452

0.0822 0.0468

0.0843 0.048

0.0851 0.0485

Edm Elec Edm Elec 11/01/201311/1/2014 11/01/2014-11/1/2015

Edm Elec 11/01/201511/1/2017

Edm Elec 11/01/201711/1/2018

Edm Elec 11/01/201811/1/2020

Residential

Customer Charge Energy Charge Shoulder - May First 600 kWh Add'l kWh over 600 Summer (Jun-Sep) First 1,400 kWh Add'l kWh over 1,400 Shoulder - Oct First 600 kWh Add'l kWh over 600 Winter (Nov-Apr) First 600 kWh Add'l kWh over 600 E01

R -DG Residential with Distributed Generation** Customer Charge

$/mo

30.00

$/kWh $/kWh

0.0851 0.0851

$/kWh $/kWh

0.0851 0.0957

$/kWh $/kWh

0.0851 0.0485

Energy Charge

Shoulder - May & Oct First 600 kWh Add'l kWh over 600 Summer (Jun-Sep) First 1,400 kWh Add'l kWh over 1,400 Winter (Nov-Apr) First 600 kWh Add'l kWh over 600

LIHEAP-1 Low Income Home Energy Assistance Program Rider Customer Charge Energy Charge Summer (Jun-Sept) First 600 kWh Add'l kWh over 600 Winter (Nov-Apr) First 600 kWh Add'l kWh over 600 Summer & Shoulder (May-Oct) Acceptance requires quaification by DHS prior to annual participation.

2.06

3.08

3.58

$/kWh $/kWh

0.0806 0.0833

0.0822 0.0849

0.0843 0.0870

0.0851 0.0957

$/kWh $/kWh $/kWh

0.0806 0.0452 same as R-1

0.0822 0.0468 same as R-2

0.0843 0.048 same as R-2

0.0851 0.0485 same as R-2

$/mo

(Continued)

148

CITY OF EDMOND, OKLAHOMA ELECTRICITY RATES LAST TEN YEARS TABLE 8

Rate Code E02

Rate Schedule GS-1 General Service Customer Charge Energy Charge Summer (Jun-Oct) All kWh Winter (Nov-May) First 1000 kWh Add'l kWh over 1000 GS-DG General Service with Distributed Generation** Customer Charge Energy Charge Summer (Jun-Oct) All kWh Winter (Nov-May) First 1000 kWh Add'l kWh over 1000

E09*

E03

GS-M General Service Medium * Customer Charge Capacity Charge Summer (Jun-Oct) Maximum Demand Winter (Nov-May) Maximum Demand Energy Charge Summer (Jun-Oct) All kWh Winter (Nov-May) All kWh GS-TOU General Service Time-of-Use Customer Charge TOU Meter Charge (Jun-Oct) Energy Charge Summer On-Peak Hours (2p-8p) Summer Off-Peak Hours Winter First 1000 kWh Add'l kWh over 1000

E08

PL-1 Power & Light Customer Charge Capacity Charge (new 25% ratchet) Summer (Jn-Oct) Winter (Nov-May) Energy Charge First 1,000,000 kWh All Add'l kWh

Units

Edm Elec 01/01/201011/01/13

$/mo

23.04

30.00

$/kWh

0.1003

0.1004

0.1029

0.1055

$/kWh $/kWh

0.0864 0.0480

0.0865 0.0481

0.0886 0.0493

0.0908 0.0505

Edm Elec Edm Elec 11/01/201311/1/2014 11/01/2014-11/1/2015

Edm Elec 11/01/201511/1/2017

Edm Elec 11/01/201711/1/2018

Edm Elec 11/01/201811/1/2020

$/mo

65.00

$/kWh

0.1055

$/kWh $/kWh

0.0908 0.0505

$/mo

50.00

$/kWh $/kWh $/kWh $/kWh

12.00 4.50

0.0525

$/kWh $/kWh

$/mo $/mo

23.04 0

35.00 0

$/kWh $/kWh

0.2880 0.0480

0.3350 0.0481

0.3434 0.0491

0.3520 0.0503

$/kWh $/kWh

0.0864 0.0480

0.0865 0.0481

0.0882 0.0491

0.0904 0.0503

$/mo

72.00

80.00

$/kW $/kW

11.76 6.10

13.04 8.00

13.37 8.20

13.7 8.40

$/kWh $/kWh

0.0403 0.0403

0.0413 0.0413

0.0423 0.0423

0.0423 0.0423 (Continued)

149

CITY OF EDMOND, OKLAHOMA ELECTRICITY RATES LAST TEN YEARS TABLE 8

Rate Code E06

E07

E04

Rate Schedule PL-TOU Power & Light Time-of-Use Customer Charge TOU Meter Charge (Summer) Capacity Charge Summer Max Billing Demand On-Peak Hrs Demand Winter Winter (Nov-May) Energy Charge First 2,000,000 kWh/month All Additional kWh/month LPL-TOU Large Power & Light Time-of-Use Customer Charge Capacity Charge (new 25% ratchet) Summer (Jun-Oct) mo. Max. Demand On-Peak 2p-8p (except Sun.*) Winter (Nov-May) Energy Charge First 2,000,000 kWh/month All Additional kWh/month * for OG&E summer On-Peak, all weekends and 3 holidays are exempt. On Peak kWh/mo (June 1-Sept 30, 2-7:00 pm) Off-Peak kWh/mo Winter Season: All kWh PS-ND-1 Public Schools Non Demand Customer Charge Energy Charge Summer (Jun-Oct) All kWh Winter (Nov-May) First 1000 kWh Add'l kWh over 1000

Units

Edm Elec 01/01/201011/01/13

$/mo $/mo

72.00 0

100.00 0

$/kW $/kW

1.21 10.71

1.52 13.5

1.54 13.64

1.58 13.68

$/mo

73.50

600.00

650.00

$/kW $/kW $/kW

5.21 0 5.21

6.5 0 6.50

6.63 0 6.63

6.79 0 6.79

$/kWh $/kWh

0 0

$/kWh $/kWh $/kWh

0.1150 0.0343 0.0343

0.1302 0.0325 0.0325

0.1328 0.0332 0.0332

0.1361 0.034 0.034

$/mo

12.29

50.00

55.00

$/kWh

0.1003

0.1028

0.1054

$/kWh $/kWh

0.0874 0.0518

0.0874 0.0577

0.0896 0.0591

0.0918 0.0606

0.0027

0.00556

0.00842

0.01700

Monthly KWH

8.49 6.86 13.91 9.06 12.62

Edm Elec Edm Elec 11/01/201311/1/2014 11/01/2014-11/1/2015

Edm Elec 11/01/201511/1/2017

Edm Elec 11/01/201711/1/2018

Edm Elec 11/01/201811/1/2020

$/kW $/kWh $/kWh

*GPWR Green Power Wind Rider (for all standard rates) Wind Selection Charge $/kWh (Customer selects 100% or fixed 100kWh blocks subject to WSC. This WSC rate is added to, and monthly FCA is subtracted from, the standard rate calculation for customer's selected quantity of wind power kWh.) *New Customers to GPWR as of 4/1/2017 As of 4/1/17 customers will be 100% kWh. Max of 100,000,000 kWh annual sales per year. Existing OAL-1 Outdoor Security Lighting Wood Pole Base Charge 7,000 Mercury Vapor * (71kWh/mo) 8.49 9,500 High Pressure Sodium (41kWh/mo) 6.86 14,000 Metal Halide - Directional 13.91 15,500 High Pressure Sodium 9.06 25,000 High Pressure Sodium 12.62 *Not available for new installations

Monthly KWH 7.49 5.86 12.91 8.06 11.62

8.49 6.86 13.91 9.06 12.62

(Continued)

150

CITY OF EDMOND, OKLAHOMA ELECTRICITY RATES LAST TEN YEARS TABLE 8

Rate Code

E05

Rate Schedule Additional Charges Extension of Secondary Circuit and Wood Pole 30 foot pole 35 foot pole 40 foot pole 45 foot pole 50 foot pole *with wiring requirement of 150 feet or less Underground wiring additional *If pole has to be hand set additional charge Ornamental Lighting Fixtures Base Charge 9,500 High Pressure Sodium on 24 foot fiberglass pole (41 kWh/mo) PM-1 Municipal Water Pumping Customer Charge Energy Charge Summer (Jun-Oct) Winter (Nov-May) TSL-LED-1 Traffic Signal Lights Customer Charge Energy Charge Per intersection (250 kWh/mo) OWD-1 Outdoor Warning Device (7-1-08) Customer Charge Energy Charge LM-1 Municipal Roadway & Area Lighting Base Charge 7,000 Lumens-MV Lamps *(71kWh/mo) 20,000 Lumens-MV Lamps *(161kWh/mo) 40,000 Lumens-MV Lamps *(272kWh/mo) 9,500 Lumens-High Pressure Sodium (41kWh/mo) 15,500 Lumens-High Pressure Sodium (71kWh/mo) 25,000 Lumens-HPS (Directional) (107kWh/mo) 25,000 Lumens-High Pressure Sodium (107kWh/mo) 14,000 Lumens-HMLamps (Directional) (71kWh/mo)

Units

Edm Elec 01/01/201011/01/13

5.37 7.24 8.01 8.97 9.93

4.37 6.24 7.01 7.97 8.93

5.37 7.24 8.01 8.97 9.93

0 0.00

3.46 354

0 0

22.84

18.84 41

22.84 41

$/mo

23.04

50.00

$/kW $/kW

0.0634 0.0480

0.0662 0.0500

0.0679 0.0513

0.0696 0.0526

$/mo

10.2 Monthly KWH 19.98

10.5 Monthly KWH 21.00

11.16 n/c

5.76 11.62 14.5 4.90 6.82 10.85 9.89 9.50

5.76 11.62 14.5 4.9 6.82 10.85 9.89 9.5

5.76 11.62 14.5 4.9 6.82 10.85 9.89 9.5 (Continued)

19.98

Edm Elec Edm Elec 11/01/201311/1/2014 11/01/2014-11/1/2015

151

Edm Elec 11/01/201511/1/2017

Edm Elec 11/01/201711/1/2018

Edm Elec 11/01/201811/1/2020

CITY OF EDMOND, OKLAHOMA ELECTRICITY RATES LAST TEN YEARS TABLE 8

Rate Code

Rate Schedule Sign & Underpass Lighting Fixtures 7,000 Mercury Vapor *** (71 kWh/mo) 9,500 High Pressure Sodium (41 kWh/mo) *Not available for new installations **When installed on High Mast Lighting System ***These are available for new installations only as sign lighting Additional Charges Standard Wood Pole Extention of Secondary Circuit and Wood Pole 30 foot pole 35 foot pole 40 foot pole 45 foot pole 50 foot pole *with wiring requirement of 150 feet or less Each additional 5 feet Standard Pole other than Wood 15 to 19 foot 20 to 24 foot 25 to 27 foot 28 to 32 foot 33 to 37 foot 38 to 42 foot 43 to 47 foot Ornamental Type Fixtures *7,000 Lumen MV w 19' Steel Pole (71 kWh/mo) 9,500 HPS w 19' Steel Pole (41 kWh/mo) 20,000 Lumen MV w 24' Steel Pole (161 kWh/mo) 25,000 Lumen HPS w 24' Steel Pole (107 kWh/mo)

Units

Edm Elec 01/01/201011/01/13

Edm Elec Edm Elec 11/01/201311/1/2014 11/01/2014-11/1/2015

Edm Elec 11/01/201511/1/2017

Edm Elec 11/01/201711/1/2018

Edm Elec 11/01/201811/1/2020

7.01 7.01

3.17 4.70 5.47 6.14 6.72

3.36

5.09 5.47 6.82 7.58 11.52 16.22 21.31

11.96 11.52 19.26 18.82

Note: Data is presented only for years including and subsequent to implementation of GASB 44. Note: Rate codes changed with system upgrade as of 12/2014.

* Rate code E09 and GPWR for new customers became effective on 4/1/2017. **Distributed Generation rate codes became effective on 1/13/2020.

Source: City of Edmond Utility Customer Service Department

152

CITY OF EDMOND, OKLAHOMA HISTORICAL UTILITY CUSTOMERS LAST TEN FISCAL YEARS TABLE 9 FYE June 30, 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Electric 41,224 40,558 40,024 39,018 38,468 37,953 38,110 37,665 36,785 35,827

Water 31,585 31,049 30,619 29,798 29,286 28,770 28,747 28,137 27,551 27,027

153

Wastewater 32,339 31,808 31,346 30,584 30,112 29,983 29,958 29,260 28,793 28,321

CITY OF EDMOND, OKLAHOMA TEN LARGEST WATER and WASTEWATER CUSTOMERS LAST THREE YEARS Table 10 2017

13,713

100,250

0.39

10,703

78,247

0.3

5 7 9

14,769 11,668 10,622

96,569 79,236 65,556

0.37 0.31 0.25

Usage (gallons) 31,967

Revenue $186,842

% of Total Revenue 1.27

5 2

15,288 28,583

61,383 132,284

0.42 0.9

6 3 7 8 9 10

13,989

11,213 14,769 8,132 4,475 4,063 5,015

85,483

40,967 91,479 39,491 36,740 35,762 31,156

0.58

0.28 0.62 0.27 0.25 0.24 0.21

1 3 2

Usage (gallons) 57,464 36,084 37,034

Revenue $492,323 342,917 345,946

% of Total Revenue 1.79 1.25 1.26

4 5

22,839 15,349

164,096 118,725

9 6 7

9,584 11,701 10,570

2020

1 3 2

Usage (gallons) 52,125 27,584 30,010

Revenue $501,421 316,868 330,949

% of Total Revenue 1.97 1.25 1.30

0.60 0.43

21,108

156,153

0.61

74,750 89,940 73,928

0.27 0.33 0.27

8993

63919

0.23

10,062

78,257

0.28

5 6 7 8 9 10

13,462 12,826 11,706 10,291 8685 8,657

110,951 103,053 94,431 78,619 100579 68,413

0.44 0.41 0.37 0.31 0.40 0.27

1 6 7 2 5

Usage (gallons) 37,079 20,487 17,343 25,563 11,368

Revenue $244,102 94,569 92,775 172,819 104,703

% of Total Revenue 1.40 0.54 0.53 0.99 0.60

1 2 4 5

Usage (gallons) 26,169 28,798 18,834 13,540

Revenue $208,063 136,853 108,276 102,434

% of Total Revenue 1.10 0.72 0.57 0.54

10,337

62,940

0.33

3 8 10 4 9

20,727 10,871 7,433 14,404 7,407

130,147 87,559 70,354 114,703 73,149

0.75 0.50 0.40 0.66 0.42

12,196

75,252

0.40

7 3 9 10

6,150 14,958 5,286 12,604

65,086 126,810 59,186 58,138

0.34 0.67 0.31 0.31

Comparisons to ten year prior were not available. City began tracking data in FY 17.

154

1 2 3 4 5 6 7 8 9 10

Usage (gallons) 60,539 31,019 28,042 18,277 17,582 15,703 14,870 14,219 12,864 11,463

Revenue $597,141 373,901 341,033 138,311 131,871 122,909 120,132 107,003 108,806 85,202

% of Total Revenue 2.02 1.26 1.15 0.47 0.45 0.41 0.41 0.36 0.37 0.29

1 2 3 4 5 6 7 8 9 10

Usage (gallons) 47,502 39,963 29,580 23,002 21,594 19,714 19,300 17,958 15,000 14,913

Revenue $330,926 113,366 101,517 177,057 117,776 76,716 94,492 143,270 91,543 86,651

% of Total Revenue 1.69 0.58 0.52 0.90 0.60 0.39 0.48 0.73 0.47 0.44

Rank

% of Total Revenue 2.03 1.12 1.26 0.37 0.25

2019 Rank

Revenue $523,507 289,509 325,414 94,870 63,933

Rank

WASTEWATER CUSTOMERS University of Central Oklahoma BVP Bryant Place Rolling Green Apts Edmond Public Schools The Greens CCL Covell Drive City Heights on 2nd Rolling Hills LLC City of Edmond Olympic Club Apts Villas at Stonebridge I BRE Silver MF Second OK Villas at Stonebridge II Edmond Medical (OU Medical Ctr) BRE Silver MF Second OK Integris Health Edmond AE Sunset LLC Enclave Apartments Covell Village LLC SL Copper Lake Estates, LLC

1 3 2 6 10

Usage (gallons) 68,899 33,206 38,704 15,288 10,175

Rank

WATER CUSTOMERS University of Central Oklahoma City of Edmond Edmond Public Schools Rolling Green Apts Kickingbird Hills LLC YES Companies, WFC LLC Oscar Renda Contracting Inc. BVP Bryant Place Edmond Medical (OU Medical Ctr) IRT OKC Portfolio Owner LLC TCG Edmond YMCA The Greens Integris Health Villas at Stonebridge North Holcomb III Freedom Plaza BRE Silver MF Second OK Apple Village MH Est DW Wynn LLC

2018

CITY OF EDMOND, OKLAHOMA SALES TAX RATES OF DIRECT AND OVERLAPPING GOVERNMENTS Last Ten Fiscal Years TABLE 11 2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

City Oklahoma County State of Oklahoma

3.25% 0.00% 4.50%

3.75% 0.00% 4.50%

Total

7.75%

8.25%

155

CITY OF EDMOND, OKLAHOMA TAXABLE SALES BY CATEGORY LAST TEN FISCAL YEARS TABLE 12 2011

Agri, forestry, fishing hunting Mining, oil and gas extraction Utilities Construction Mfg-foods, textile, tobacco Mfg-building, books, glass, brick, concrete Mfg-iron,steel,sign,construction equipment, hardware Wholesale trade-Automobiles, tires Wholesale trade-Furniture, home furnishings Wholesale trade-Lumber, brick, roofing, siding Wholesale trade-Office & medical equipment, hardware, electrica appliances Wholesale trade-Heat & Air, plumbing, farm, garden, transportation, industrial equipmen Wholesale trade-Sporting goods, office supplies, drugs, apparel Wholesale trade-Grocery, meat, fish, fruit, dairy Wholesale trade-Chemical, plastics, paint, books, florists, farm supplies Retail trade-cars, boats, tire, parts Retail trade-furn, household, computer, cameras Retail trade-hardware, building materials, paint, nursery Retail trade-grocery Retail trade-wine, beer, liquor stores Retail trade-health, pharmacies, Retail trade-gasoline with conv. Stores Retail trade-clothing, shoes, jewelry Retail trade-sporting goods, hobby, sewing, musical Retail trade-dept stores, gen merchandise Retail trade-florist, office supplies, pet, art, vending, used merch. Transportation and warehousing-towing, freight, trucking Transportation and warehousing-warehousing and storage Information-newspaper, cable, wireless Finance and insurance Real estate and rental and leasing Professional, scientific, and technical services Adm. & support and waste mangement and remediation services Educational services Health care and social assistance-doctors, chiropractors, eye, family services Arts, Entertainment, and Recreation-golf, fitness, bowling museums Accommodation and Food Services -Hotels Accommodation and Food Services -Restaurants, Bars Other Services (Auto, Electronic repairs, Salons, funeral Public Administration-Regulation of Transportation Programs Unclassified

2012

31,739 46,492 2,807,077 32,830 211,016

2,554,821 -

3,149,901 -

2013*

56,292 66,585 2,969,951 69,507 303,993

20,050 5,204 2,185,463 50,217 110,738 1,075,374 759,798 62,456 49,323 215,711

2014 $

2015

28,889 6,252 3,609,167 75,608 254,580 1,170,308 568,332 69,034 115,615 199,677

30,001 4,025 3,844,159 70,085 261,041 1,260,151 568,108 89,854 55,968 232,700

2016 $

60,000 23,069 4,303,732 93,837 170,026 1,241,830 472,631 57,888 52,671 306,025

2017 $

29,640 4,398 4,185,086 76,133 135,775 1,212,959 546,054 65,600 52,147 419,681

2018 $

16,591 9,501 4,206,823 82,632 129,840 1,113,894 460,297 63,201 67,191 443,578

2019 $

13,599 32,496 4,277,152 538,213 140,954 1,060,687 546,525 60,144 58,328 378,746

2020 $

16,323 11,520 4,069,894 85,809 170,860 1,257,964 503,246 74,780 63,536 559,128

631,941

708,417

643,930

658,976

627,313

813,222

723,602

769,842

1,918,186 224,288 119,956

2,229,790 228,999 111,759

2,171,456 346,309 113,885

2,062,887 377,292 125,520

2,208,374 379,660 100,506

2,487,528 425,503 92,258

2,955,947 460,706 84,125

3,109,257 463,714 81,540

2,584,712 4,417,446 3,801,497 5,613,523 4,697,973 997,628 1,522,093 8,509,668 69,007 2,063,197 7,492 489,984 25,167 -

3,105,063 4,967,601 4,475,165 6,193,801 5,197,419 1,085,814 1,631,106 8,974,710 62,873 2,116,694 11,467 633,883 25,149 -

179,414 1,180,533 3,667,788 7,274,378 5,730,617 917,293 1,447,945 316,627 2,213,029 1,751,700 11,359,340 1,975,995 168,612 19,378 2,267,040 51,315 950,089 440,391 39,309 42,272

214,533 1,094,582 2,972,839 7,228,993 5,680,279 838,136 1,391,971 477,195 2,135,798 1,721,282 12,471,298 2,145,195 179,183 26,904 2,149,341 108,285 951,448 282,425 33,548 36,647

204,729 1,208,563 3,660,727 6,395,382 6,175,940 902,803 1,352,040 640,540 2,138,160 1,777,882 13,097,434 2,054,285 337,113 20,387 2,185,157 23,316 957,366 227,880 40,869 42,600

186,588 1,310,926 3,241,497 6,613,579 6,197,197 982,101 1,529,810 577,858 2,099,602 1,674,319 13,351,178 1,991,553 25,110 15,928 2,128,055 24,089 1,109,411 161,879 62,411 23,418

179,617 1,260,293 2,335,148 7,199,258 5,882,182 1,064,510 1,676,903 557,585 2,131,216 1,486,384 13,398,886 1,970,945 33,528 14,079 2,015,693 19,850 964,881 151,350 61,858 18,908

187,204 1,245,663 3,118,045 6,709,847 6,010,389 1,078,925 1,834,304 532,878 2,201,179 1,442,871 13,984,416 2,003,809 39,149 36,409 1,917,041 33,361 769,007 861,636 59,464 43,774

204,585 1,284,839 3,001,765 6,828,344 6,344,999 901,373 1,929,079 564,228 2,350,809 1,367,583 14,952,042 2,116,861 70,967 123,226 2,073,822 28,429 914,346 154,374 72,921 39,964

242,898 1,241,154 2,772,591 8,923,751 6,881,476 921,442 1,977,766 588,889 1,996,216 1,393,785 15,858,142 2,328,457 34,349 311,854 1,952,414 29,263 869,415 177,005 89,298 34,878

255,986

272,925

23,351

21,599

15,736

15,840

22,207

32,915

36,070

47,060

148,431 304,701 804,873 459,313

117,573 358,175 929,140 472,940

865,127 1,410,566 6,901,495 707,734 138 429,028 63,464,669

1,009,240 903,853 7,565,202 793,278 562,687 64,162,993

947,246 463,927 8,346,711 831,390 88 63,077,969

975,814 521,934 8,831,233 861,636 560 65,745,524

530,895 42,987,561

677,950 47,925,677

448,675 476,835 7,718,137 692,889 (13) (20,517) 58,761,128

764,894 611,217 7,092,658 702,250 (139) 667,328 61,376,116

(1) The source for taxable sales by category is the Oklahoma Tax Commission. This amount is the gross amount before the State retains portion for revolving fund. Note: in FY 2013, the Oklahoma Tax Commission changed their SIC codes and now use NAICS codes. These new codes have more categories than in previous years. We matched previous years as best that we could to match to the new codes descriptions.

156

980,644 623,016 9,214,074 934,202 (308) 98,993 68,542,472

870,859 541,565 9,117,252 884,157 5,860 50,432 71,379,641

CITY OF EDMOND MONTHLY SALES TAX REVENUES COMPARISON LAST FIVE FISCAL YEARS TABLE 13

Month July August September October November December January February March April May June TOTAL

Sales Tax Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

2016 $

Sales Tax Revenues 5,270,209 5,830,639 5,394,795 5,615,741 5,358,088 5,256,228 5,392,339 5,491,711 4,893,519 4,930,408 5,312,763 5,065,937 63,812,377

Sales Tax Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

2017 $

Sales Tax Revenues 5,348,556 5,249,321 5,401,153 5,458,570 5,267,714 5,313,129 5,386,949 5,367,870 4,925,300 4,777,946 5,228,042 5,257,846 62,982,396

Sales Tax Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

2018 $

Source: Oklahoma Tax Commission

157

Sales Tax Revenues 5,525,826 5,402,310 5,477,654 5,524,910 5,336,174 5,327,875 5,666,647 5,610,186 5,007,835 4,867,821 5,575,678 5,321,730 64,644,646

Sales Tax Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

2019 $

Sales Tax Revenues 5,825,577 5,589,307 5,800,551 5,920,637 5,313,641 5,567,723 6,003,639 5,821,576 5,102,775 5,279,681 5,995,000 5,918,697 68,138,804

Sales Tax Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

2020 $

Sales Tax Revenues 6,062,071 5,998,124 6,061,932 6,362,637 5,905,968 6,189,019 6,147,600 6,247,826 5,350,831 5,317,952 5,810,512 5,517,419 70,971,891

CITY OF EDMOND HISTORICAL SALES TAX REVENUES LAST TEN FISCAL YEARS TABLE 14 Fiscal Year Ended June 30, 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

(1)

Sales Tax

Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.25%, 3.75% (3) 3.25%

(1)

Revenues $70,971,892 68,138,804 64,644,646 62,982,395 63,812,377 63,028,977 60,431,416 58,759,119 46,164,747 42,536,197

(2)

3/4 Cent $14,179,329 13,627,761 12,928,929 12,596,479 12,762,475 12,605,795 12,086,283 11,751,824 10,389,380 9,816,045

Percentage Increase

(1) Source: Oklahoma Tax Commission. Sales Tax Revenues returned to the City consist of Sales Tax Collections plus earned interest less monies allocated to the Revolving Fund. (2) Calculated Sales Tax Revenues available for the appropriation by the City to the Authority as security for the Bonds. See "SECURITY FOR THE BONDS - Pledge of Revenues" herein. (3) Sales Tax Rates were 3.25% for 10 months then 3.75% for 2 months.

158

5.58% 5.41% 2.64% -1.30% 1.24% 4.30% 2.85% 13.11% 5.84% 3.57%

CITY OF EDMOND, OKLAHOMA RATIO FOR OUTSTANDING DEBT BY TYPE Last Ten Fiscal Years TABLE 15

Fiscal Year 2011

Governmental Activities Revenue Capital Bonds Leases Payable Payable $

Revenue Bonds Payable

66,845,000

2012

62,750,000

2013

73,260,000

2014

Business-Type Activities

50,695,000

Notes Payable $

Captial Leases Payable

Total Primary Government

20,096,707

46,625,000

19,010,890

42,400,000

67,821,392

2015

62,153,107

2016

Total Debt Per Capita*

137,636,707

5.07%

1,691

128,385,890

3.96%

1,536

17,891,382

133,551,382

3.97%

1,582

37,895,094

17,521,569

123,238,055

3.79%

1,447

30,443,608

16,275,467

108,872,182

3.18%

1,239

55,788,256

28,716,894

14,999,365

99,504,515

2.91%

1,132

2017

49,258,947

66,101,745

13,688,263

129,048,955

3.77%

1,469

2018

42,557,550

227,866,052

12,347,134

282,770,736

7.15%

3,066

2019

35,600,913

222,557,449

14,288,126

272,446,488

6.89%

2,911

2020

20,406,145

216,044,086

17,741,666

254,191,897

6.07%

2,672.61

* Population is calculated at calender year end prior to fiscal year. See Table 16

159

% of Personal Income

CITY OF EDMOND, OKLAHOMA RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA Last Ten Fiscal Years TABLE 16

Fiscal Year

Net * Assessed Value

Population

Less Debt Service Funds

Gross Bonded Debt

Ratio of Net Bonded Debt to Assessed Value

Net Bonded Debt

Net Bonded Debt Per Capita

2011

81,405

(1)

806,652,399

0.00%

2012

83,591

(2)

824,050,837

0.00%

2013

84,404

(2)

854,180,987

0.00%

2014

85,190

(2)

902,595,017

0.00%

2015

87,877

(2)

961,313,411

0.00%

2016

89,065

(2)

1,017,637,106

0.00%

2017

89,431

(2)

1,060,520,613

0.00%

2018

92,232

(2)

1,089,893,199

0.00%

2019

93,598

(2)

1,140,544,725

0.00%

2020

95,110

(2)

1,188,273,094

0.00%

Note: *

Details regarding the city's outstanding debt can be found in the notes to the financial statements. Oklahoma County Assessor's Report 2017 (1) 2010 Census (2) City of Edmond Planning Department, estimate based on the 2010 Census, current Building Permits, the Edmond Economic Development Authority Average House Hold (HH) size, and the American Community Survey Occupancy Rate

160

CITY OF EDMOND, OKLAHOMA COMPUTATION OF DIRECT AND OVERLAPPING DEBT June 30, 2020 TABLE 17

Net (1) Debt Outstanding

Jurisdiction Direct - City of Edmond Subtotal direct debt

28,406,145

Overlapping: Edmond School District Oklahoma County Subtotal over lapping debt Total direct and over lapping debt

Percentage (2) Applicable to City of Edmond

Amount Applicable to City of Edmond

100.00%

$28,406,145

169,305,000

56.49%

95,634,360

22,871,406

17.71%

4,050,961

192,176,406

220,582,551

(1) City of Edmond does not have any GO Bonds. Amount shown is direct debt for governmental activities. (2) Determined by ratio of assessed valuation of property subject to taxation in overlapping unit to valuation of property subject to taxation in the City of Edmond.

161

$128,091,466

CITY OF EDMOND, OKLAHOMA LEGAL DEBT MARGIN INFORMATION Last Ten Fiscal Years TABLE 18

2011 Debt limit

Total net debt applicable to the limit as a percentage of debt limit

80,665,240

0.00%

82,405,084

2013 $

Total net debt applicable to limit Legal debt margin

80,665,240

2012

82,405,084

0.00%

85,418,099

2014 $

85,418,099

0.00%

2015

2016

2017

2018

90,259,502

$ 96,131,341

$ 1,017,637,106

$ 1,060,520,613

$ 1,089,893,199

90,259,502

$ 96,131,341

$ 1,017,637,106

$ 1,060,520,613

$ 1,089,893,199

0.00%

2019 $

2020

1,140,544,725

$ 1,188,273,094

1,140,544,725

$ 1,188,273,094

0.00%

Legal Debt Margin Calculation for Fiscal Year 2020 Net assessed valuation

$ 1,188,273,094

Debt limit (10% of total assess value) Debt applicable to limit: General obligation bonds Less: Street bonds outstanding Total net debt applicable to limit Legal debt margin

118,827,309

Note: Article 10, Section 26 of the Constitution of the State of Oklahoma limits municipal debt to 10% of net assessed valauation. Article 10, Section 27 of the Constitution of the State of Oklahoma limits municipal debt to non-utility or non-street purposes.

162

CITY OF EDMOND, OKLAHOMA THE EDMOND PUBLIC WORKS AUTHORITY UTILITY SYSTEMS DIVISION - PLEDGED REVENUE COVERAGE Last Ten Fiscal Years TABLE 19

Eligible Revenues

Eligible 1 Expenses

Net Revenue Available for Debt Service

Maximum Annual Debt Service

Revenue Bond Coverage

2011

Sales Tax and Utility Revenue Bonds Series 2001, 2003, 2004, 2005 Utility Revenue Bonds Series 1998, 1999, 2003, 2004, 2005 OWRB Series 2005, 2006

111,304,738 127,646,147 127,646,147

91,610,054 83,031,312 83,031,312

19,694,684 44,614,835 44,614,835

6,990,269 8,443,233 8,443,233

2.82 5.28 5.28

2012

Sales Tax and Utility Revenue Bonds Series 2001, 2003, 2004, 2005, 2010 Utility Revenue Bonds Series 1998, 1999, 2003, 2004, 2005 OWRB Series 2005, 2006

111,304,738 127,646,147 127,646,147

91,610,054 83,031,312 83,031,312

19,694,684 44,614,835 44,614,835

6,990,269 8,443,233 8,443,233

2.82 5.28 5.28

2013

Sales Tax and Utility Revenue Bonds Series 2004, 2005, 2010, 2012, 2013 Utility Revenue Bonds Series 2003, 2004, 2005 OWRB Series 2005, 2006

124,463,512 144,078,716 144,078,716

109,885,068 90,796,258 90,795,258

14,578,444 53,282,458 53,282,458

8,552,264 8,443,233 8,443,233

1.70 6.31 6.31

2014

Sales Tax and Utility Revenue Bonds Series 2005, 2010, 2012, 2013, 2014 Utility Revenue Bonds Series 2005, 2014 OWRB Series 2005C, 2013 General Sales Revenue Note

131,616,376 152,179,138 152,179,138

115,686,623 94,999,819 94,999,819

15,929,753 57,179,319 57,179,319

8,552,264 8,399,737 8,399,737

1.86 6.81 6.81

2015

Sales Tax and Utility Revenue Bonds Series 2010, 2012, 2013, 2014 and 2014B Utility Revenue Bonds Series 2014 and 2015 OWRB Series 2005C, 2013 General Sales Revenue Note

143,118,338 164,070,328 164,070,328

125,701,219 97,069,562 97,069,562

17,417,119 67,000,766 67,000,766

7,455,266 6,954,274 6,954,274

2.34 9.63 9.63

2016

Sales Tax and Utility Revenue Bonds Series 2010, 2012, 2013, 2014 and 2014B Utility Revenue Bonds Series 2014 and 2015 OWRB Series 2005C, 2013 General Sales Revenue Note

138,403,411 138,403,411 138,403,411

103,214,885 94,663,331 94,663,331

35,188,526 43,740,080 43,740,080

7,455,266 6,594,274 6,594,274

4.72 6.63 6.63

2017

Sales Tax and Utility Revenue Bonds Series 2010, 2012, 2013, 2014 and 2014B Utility Revenue Bonds Series 2014 and 2015 OWRB Series 2005C, 2013 General Sales Revenue Note

149,288,469 149,288,469 149,288,469

108,783,722 100,087,120 100,087,120

40,504,747 49,201,349 49,201,349

7,455,266 8,079,527 6,954,274

5.43 6.09 7.07

2018

Sales Tax and Utility Revenue Bonds Series 2010, 2012, 2013, 2014, and 2014B Utility Revenue Bonds Series 2014, 2015, 2016, and 2017 OWRB Series 2005C, 2013 General Sales Revenue Note

153,239,493 153,239,493 153,239,493

115,008,242 106,484,620 106,484,620

38,231,251 46,754,873 46,754,873

7,455,266 18,244,923 6,954,274

5.13 2.56 6.72

2019

Sales Tax and Utility Revenue Bonds Series 2010, 2012, 2013, 2014, and 2014B Utility Revenue Bonds Series 2014, 2015, 2016, and 2017 OWRB Series 2005C, 2013 General Sales Revenue Note

157,795,659 157,795,659 157,795,659

115,630,414 105,769,653 105,769,653

42,165,245 52,026,006 52,026,006

7,455,266 18,244,923 6,954,274

5.66 2.85 7.48

2020

Sales Tax and Utility Revenue Bonds Series 2010, 2012, 2013, 2014, and 2014B Utility Revenue Bonds Series 2014, 2015, 2016, and 2017 OWRB Series 2005C, 2013 General Sales Revenue Note

164,742,050 164,742,050 164,742,050

112,180,894 102,472,796 102,472,796

52,561,156 62,269,254 62,269,254

7,455,266 18,244,923 6,954,274

7.05 3.41 8.95

Excludes depreciation and amortization expense.

163

CITY OF EDMOND, OKLAHOMA DEMOGRAPHIC AND ECONOMIC STATISTICS Last Ten Calendar Years TABLE 20

Calendar Year

Population (1)*

Personal Income (in thousands) (2)

Per Capita Personal Income

Median Age of Population (2)

Percent with College Degree or Higher (5)

School Enrollment (3)

Unemployment Rate (4)

2010

81,395 *

2,712,895,350

33,330

35.0

50.1

21,960

4.2%

2011

81,405

3,157,944,165

38,793

34.2

47.3

22,472

4.0%

2012

83,591

3,327,924,892

39,812

35.2

46.6

23,089

4.4%

2013

84,404

3,217,818,096

38,124

35.0

46.5

23,484

3.7%

2014

85,190

3,319,598,730

38,967

34.9

49.4

23,965

3.5%

2015

87,877

3,558,579,115

40,495

35.7

51.2

24,407

4.4%

2016

89,065

3,767,716,695

42,303

36.1

53.3

24,269

4.1%

2017

92,232

3,859,448,040

41,845

36.2

54.7

25,242

3.5%

2018

93,598

3,953,579,520

42,240

36.3

55.7

25,577

3.1%

2019

95,110

4,186,837,310

44,021

36.3

55.3

23,729

3.0%

Sources: (1)

City of Edmond, GIS/Planning Department 2001-2011 Based on the American Community Survey Avg HH, and Building Permits to date * Based on 2010 Census Bureau data

(2) Edmond Economic Development Authority (EEDA) (3) Edmond School District (4) www.bls.gov (5) Edmond Economic Development Authority (EEDA)

164

CITY OF EDMOND, OKLHAOMA PRINCIPAL EMPLOYERS Current and Ten Years Ago TABLE 21

2010

Employer

Product/Business

Rank

Employees

2020

% of Total

Rank

Employees

% of Total

Edmond Public Schools

Public Education

2,558

42.2%

2,395

34.8%

University of Central Oklahoma

Higher Education

1,178

19.4%

1,413

20.5%

City of Edmond

Local Municipality

667

11.0%

750

10.9%

Mercy Edmond I-35

Clinic and Wellness Center

532

7.7%

INTEGRIS Health Edmond

Hospital

491

7.1%

420

6.1%

275

4.0%

OU Medical Center

Hospital

350

Crest Foods

Grocery Store Chain

Petra Industries

Electronic Distribution

250

4.1%

227

3.3%

Adfitech

Quality Control for Mortgage Industry

474

7.8%

215

3.1%

Summit Medical Center

Hospital

166

2.4%

Pelco Products

Traffic, Decorative, & Utility Hardware

118

1.9%

Innovative Healthcare Systems

Healthcare Billing

1.4%

Remy International

Auto Parts Manufacturing

200

3.3%

Cox Communications

Communication Services

182

3.0%

6,062

100%

6,884

5.8%

Totals

Source: Edmond Economic Development Authority 1

Formerly Edmond Medical Center Formerly Unit Parts NOTE: In 2009, Unit Parts and Remy International were listed individually by Rank as 5 & 7 in the CAFR.

165

100%

CITY OF EDMOND, OKLAHOMA FULL-TIME EQUIVALENT BUDGETED CITY GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAM Last Ten Fiscal Years TABLE 22 Fiscal Year 2011

Fiscal Year 2012

Fiscal Year 2013

Fiscal Year 2014

Fiscal Year 2015

4 4 8 2 7 16 8 26 14 6 1 15 5 2 2 120

5 4 8 2 7 16 8 26 14 6 1 15 5 2 2 121

5 4 8 2 7 16 8 30 14 7 1 15 6 2 1 126

5 2 8 1 6 17 8 32 17 7 1 15 6 2 1 128

5 2 8 1 5 17 7 32 18 7 1 16 9 3 1 132

6 2 8 1 5 17 6 32 18 7 1 16 10 3 1 133

6 2 8 0 7 18 7 31 16 6 1 19 11 4 1 137

6 2 7 0 8 19 4 33 23 7 1 16 14 4 1 145

6 2 7 0 7 19 4 36 22 9 1 15 14 4 1 147

6 3 7 0 8 20 4 37 24 8 1 16 10 4 1 149

114 22 10

114 23 9

123 25 9

120 30 7

120 31 9

122 31 9

122 31 10

121 33 9

115 7 2 24 8 302

115 10 2 24 8 305

117 5 2 24 8 313

117 5 2 24 7 312

119 5 2 26 9 321

120 5 2 31 9 329

123 5 2 29 9 331

121 7 2 26 9 328

25 5 12 42

25 5 13 43

25 6 12 43

25 7 11 43

25 7 10 42

25 8 10 43

26 8 10 44

42 42

46 46

41 41

Utilities: Electric Water Solid Waste Wastewater Drainage Utility Customer Service Central Warehousing Total Public Works

48 42 21 22 5 38 3 179

49 42 20 22 5 38 3 179

49 42 20 22 5 39 3 180

49 42 20 24 5 39 3 182

50 44 20 22 5 42 3 186

50 44 19 26 5 43 3 190

49 50 22 31 5 46 3 206

54 46 22 31 5 47 3 208

54 46 22 31 5 45 3 206

55 60 22 31 6 46 3 223

Total Full-Time Budgeted Employees by Function/Program

685

686

693

700

716

720

752

771

773

785

Function/Program General Government: Managament Services City Clerk/Governmental Relations Finance Treasurer Human Resources IT Legal Other Engineering Planning CDBG Building Community Image Convention & Visitors Bureau Downtown Community Center Total General Government Public Safety and Judiciary: Police: Officers Civilians Animal Welfare Fire: Firefighters & Officers Civilians Emergency Management Central Communications/EM Municipal court Total Public Safety and Judiciary Transportation: Streets Traffic Public Works Administration Cultural, Parks and Recreation: Parks and Recreations Total Cultural, Parks and Recreation

Other includes, Urban Forestry, Vehicle Maintenance, Marketing and Facility Maintenance Source: City of Edmond Human Resource Dept. NOTE: Data is presented only for years including and subsequent to issuance of GASB 44

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Fiscal Fiscal Fiscal Fiscal Fiscal Year Year Year Year Year 2016 2017 2018 2019 2020

CITY OF EDMOND, OKLAHOMA Capital Asset Statistics by Function/Program Last Ten Fiscal Years TABLE 23

Function/Program Police: Stations Patrol units Fire : Stations Engines Quint Vehicles Refuse Collection: Collection trucks Street miles1 Streetlights Traffic signals Parks and Recreation: Acreage Playgrounds Baseball/softball diamonds Soccer/football fields Community Center Pool Golf course Disc Golf courses Splash Pad Public Transportation:2 Buses Vans Cemetery: Plots Maintained3 Vehicles & Machinery Water: Water mains (miles) Fire hydrants Storage capacity (thousands of gallons) Clearwells and Tower Arcadia Lake Wastewater: Sanitary sewers (miles) Force Main Sanitary sewers (miles) Gravity Main Storm sewers (miles) Treatment capacity (thousands of gallons)

FY 2011**FY 2012**FY 2013**FY 2014** FY 2015** FY 2016**FY 2017** FY 2018 FY 2019 FY 2020

1 144

1 147

1 148

1 152

1 155

1 157

5 5 2 29

5 5 2 35

5 5 2 44

5 5 2 43

5 5 2 45

627 5,421 99

487 5,542 99

487 5,652 99

494 6,123 99

484* 6,190 100

485 6,339 99

486 6,232 102

489 6,310 103

492 6,315 103

491 6,422 103

4,960 23 24 16 1 1 1 3

5,108 24 31 16 1 1 1 3 1

12 -

12 2

15,165 4

15,599 4

15,654 4

493 4,315

500 4,392

502 4,388

507 4,473

516 4,659

523 4,827

526 4,879

526 5,108

545 5,174

562 5,256

20,000 11,000

22,000 11,000

22 431 128 9,000

22 438 133 9,000

22 449 136 9,000

22 449 144 9,000

22 454 146 9,000

22 549 152 9,000

8 -

20,000 11,000 22 416 111 9,000

20,000 11,000 22 423 115 9,000

20,000 11,000

22 424 118 9,000

22 429 118 9,000

Source: City of Edmond Departments (1) Street miles included private roads for years prior to 2012 (2) Edmond's Public Transportation began July, 1, 2009, COTPA owns the buses, Edmond maintains them (2)Starting with CAFR 2019, removed Trolley category and began tracking Vans. (3) Amounts have been restated to reflect number of plots maintained * GIS dept updated their way of tracking mileage and counted 1 side of street rather than both sides on a few unmarked streets ** Column headers for fiscal years 2010-2016 were labeled incorrectly for fiscal year 18 printed CAFR. Figures were/are correct.

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CITY OF EDMOND, OKLAHOMA Operating Indicators by Function/Program Last Ten Fiscal Years TABLE 24 Function/Program

Police

Fire

Solid Waste Collection Other Public Works

Parks & Recreation

Water

Wastewater Transit

2011 Physical Arrests Parking Violations Traffic Violations Emergency Responses Fires Extinguished Inspections Solid Waste Collected (Tons Per Day) Recyclables Collected (Tons Per Day) Potholes Repaired: Asphalt Patching (Tons) Concrete Patching (Cubic Yards) Asphalt Repairs (Tons) Concrete Repairs (Cubic Yards) Athletic Field-Agreements EASI (# of Fields Used) Edmond Soccer Club (# of Fields Used) Miracle League of Edmond (# of Fields Used) YMCA (# of Fields Used) Edmond Round Up Arena Edmond Rugby Club (# of Fields Used) Edmond Lacrosse Club (# of Fields Used) B & B Tennis (# of Courts Used) Adult Softball Community Center-MAC Program Participants MAC-Special Event Participants1 (MAC-Multi-Use Activity Center) Classes⁴ Senior Center-Program Participants -Sr. Center Lunch Program New Water Connections Water Main Breaks Average Daily Produced (Thousands of Gallons) Peak Daily Produced (Thousands of Gallons) Average Daily Sewage Treatment (Millions of Gallons) Citylink Bus Service-Revenue Mileage Total Route Miles - Passengers2,3

2012

2013

2014

2015

2016

2017

2018

2019

2020

2,658 1,547 17,480

2,728 1,230 14,196

2,931 984 14,151

2,336 747 13,311

2,220 1,008 10,751

2,527 1,063 11,152

2,966 861 11,460

2,756 1,132 8,205

2,774 1,073 9,579

3,209 634 6,758

5,890 214 937

6,793 304 1,096

5,984 223 904

6,810 202 1,062

7,375 232 3,144

8,101 259 1,577

8,188 227 1,371

8,277 345 1,641

8,367 179 1,806

8,555 378 1,649

262 10

242 8

218 8

241 18

223 24

196 17

193 18

189 17

193 16

197 16

218 117 2,183 510

385 140 446 203

214 128 1,105 298

320 89 689 281

279 73 619 400

370 432 714 307

653 72 991 277

967 362 1,186 351

1,276 58 1,127 56

1,503 20 4,765 469

20 16 1 7 1 2 5 14 -

20 16 1 7 1 2 4 14 -

6,525 4,086

2,332 3,338

4,332 4,034

38,772 9,486

42,240 9,669

42,753 9,541

1,570 2,348 3,394 45,256 8,618

1,864 915 7,058 48,545 9,686

4,596 5,756 1,032 51,091 9,803

4,596 5,756 1,032 55,560 11,321

2,056 12,960 738 51,221 8,817

2,800 10,950 6,354 53,761 10,214

3,306 8,124 3,931 32,588 6,961

330 73 10,709

491 45 11,409

598 58 10,712

539 53 9,704

589 48 10,400

552 51 11,497

534 56 11,300

570 39 9,706

306 49 8,340

564 47 11,800

21,177

21,906

22,097

19,815

18,400

19,889

19,080

18,902

18,600

19,400

6,900

7,400

7,000

7,300

7,680

7,150

6,900

7,600

8,574

220,219 179,220

279,388 235,005

283,188 265,000

283,175 277,475

271,341 290,939

266,060 274,074

266,710 248,738

271,539 210,485*

285,918 211,638

279,836 185,355

2008, tracking of Progams and Special Events are being tracked separately Source: Various City Departments Transit Information provided by McDonald Transit & Associates 2010, Edmond's Transit began July 1, 2009 3 Starting with 2019, changed Citylink verbage to remove trolleys, as well as Broncho Link, which is not counted separately. Total includes fixed, commuter, and para counts. * Citylink Total Route Miles Passengers for 2018 amount was revised in 2019 CAFR after an audit with McDonald Transit was conducted. ⁴Starting with 2014, Class participation has its own category instead of being merged with programs as in the past. 2

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20 16 1 7 1 2 4 14 -

20 16 1 7 1 2 4 30 4

CITY OF EDMOND, OKLAHOMA CONSTRUCTION PERMITS Last Ten Fiscal Years TABLE 25 Number of Permits

Construction Costs

Construction Cost by Fiscal Year

Building Permit by Fiscal Year 200,000,000

700

180,000,000

600

160,000,000

500

140,000,000 120,000,000

400

100,000,000

Residential

300

Commercial

40,000,000

100

20,000,000 0

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Residential Construction Fiscal year 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Commercial

60,000,000

200

Residential

80,000,000

Number of Permits 539 464 539 551 501 601 561 638 506 337

2011201220132014201520162017201820192020

Commercial Construction

Construction Cost 188,964,669 167,703,981 177,327,598 174,282,232 175,957,069 192,714,809 174,720,033 193,540,217 147,731,866 68,660,592

Fiscal year 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Source: City of Edmond Public Works Department Fiscal building permit reports

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Number of Permits 31 42 61 52 68 45 39 33 64 41

Construction Cost 125,668,175 53,187,000 141,505,949 41,133,249 90,524,820 68,355,573 78,136,825 41,123,830 181,906,271 30,497,140

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