2012 Comprehensive Annual Financial Report - City of Oklahoma City

MANAGEMENT'S DISCUSSION AND ANALYSIS
June 30, 2012
CITY OF OKLAHOMA CITY, OKLAHOMA
Long-term Debt
Governmental
Activities
2012 2011
Business-type
Activities
2012 2011
2012
Totals
2011
Amount
of Change
Total
% Change
Other long-term debt
$52,496 $55,808 $48,494 $20,527 $100,990 $76,335 $24,655 32.3%
General obligation bonds
Revenue bonds
553,445
-
565,670
-
-
554,032
-
577,475
553,445
554,032
565,670
577,475
(12,225)
(23,443)
2.2
(4.1)
$605,941 $621,478 $602,526 $598,002 $1,208,467 $1,219,480 ($11,013) (0.9)
0 0 0 0 0 0
Changes in long-term debt are primarily related to issuances and payments of current principal requirements and issuance of
the General Obligation Refunding Bonds of 2012 that refunded $97,925 in debt. See Note II. B. 8. for additional
information about changes in long-term debt.
Economic Environment and Fees and Rates
Economic Environment
The national economic recession resulted in economic concerns and issues for the City. However, beginning in May, 2010
tax revenues began to show improvement and have surpassed expectations during 2011 and 2012.
Fees and Rates
The City utilities trusts increased water and wastewater base charge utility rates and a volume rate change of 4% effective in
October, 2011. The golf courses increased cesedgee green fees effective ec April, 2012 having little affect on the comparision o of
revenues from 2011 to 2012.
Contacting the City’s Financial Management
This financial report is designed to provide a general overview of the City’s finances, comply with finance-related laws and
regulations, and demonstrate the City’s commitment to public accountability. If you have questions about this report or
would like to request additional information, contact the City’s Finance Department, Accounting Services Division, at 100
North Walker, Suite 300, Oklahoma City, Oklahoma 73102.
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