RES 2014-0919 - Comprehensive annual financial report � t
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MAYOR JEAN STOTHERT
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
FOR
YEAR ENDED
DECEMBER 31 , 2013
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Omaha,Nebraska 68183-0300
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City of Omaha
Jean Stothert,Mayor
Dear Omaha Citizens and Public Officials,
4.4
I am pleased to submit the City of Omaha's Comprehensive Annual Financial Report for the fiscal year
that ended December 31, 2013.
A public report from government entities of their financial transactions and fund balances represents
the work of those entrusted with public funds on behalf of their fellow citizens. In Omaha, the work of
thousands of dedicated public employees is reflected in this report.
Complete and accurate disclosure of explanations of public expenses not only satisfy government
accounting standards,they provide the transparency citizens expect and deserve.
Our finance professionals take great pride in the development of this report. I thank them for their
efforts and for working daily to enhance the fiscal stability of our great City.
Sincerely,
Jean Stothert, Mayor
City of Omaha
CITY OF OMAHA,NEBRASKA ° `
Comprehensive Annual Financial Report ?,e6
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December 31, 2013 J eye„
Mayor
Jean Stothert
City Council
Pete Festersen District#1
Ben Gray District#2
Chris Jerram District#3
Garry Gernandt District#4
Rich Pahls District#5
Franklin Thompson District#6
Aimee Melton District#7
City Officials
Buster Brown City Clerk
Stephen Curtiss Finance Director
Bernard Kanger Fire Chief
Mikki Frost Human Resources Director
Mikki Frost Human Rights and Relation Director
Paul Kratz City Attorney
Gary Wasdin Library Director
Brook Bench Parks, Recreation &Public Property Director
James Thele Planning Director
Todd Schmaderer Police Chief
Robert Stubbe Public Works Director
Dana Markel Convention and Tourism Director
CITY OF OMAHA,NEBRASKA °""."`°
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Table of Contents *� Tfpp{!.V"ty~
Page(s)
Introductory Section(Unaudited)
Organizational Chart 1
Letter of Transmittal 2-5
Financial Section
Independent Auditors' Report 6-8
Management's Discussion and Analysis(Unaudited) 9-21
Basic Financial Statements:
Government-wide Financial Statements:
Statement of Net Position 22
Statement of Activities 23
Fund Financial Statements:
Governmental Funds:
Balance Sheet 24
Statement of Revenues,Expenditures,and Changes in Fund Balances 25
Reconciliation of the Change in Fund Balances of Governmental Funds to the
Statement of Activities 26
Proprietary Funds:
Statement of Net Position 27
Statement of Revenues, Expenses,and Changes in Fund Net Position 28
Statement of Cash Flows 29
Fiduciary Funds:
Statement of Fiduciary Net Position 30
Statement of Changes in Fiduciary Net Position 31
Discretely Presented Component Units:
Combining Statement of Net Position 32
Combining Statement of Activities 33
Notes to Basic Financial Statements 34-90
Required Supplementary Information(Unaudited):
Budgetary Comparison Schedule—General Fund 91
Notes to Budgetary Comparison Schedule—General Fund 92-93
Schedules of Funding Progress and Employer Contributions 94-95
CITY OF OMAHA,NEBRASKA """"NFa
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Table of Contents
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Page(s)
Combining and Individual Fund Financial Statements and Budgetary Comparison Schedules —
Supplementary Information:
Combining Balance Sheet—Nonmajor Governmental Funds 96
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances—Nonmajor
Governmental Funds 97
Nonmajor Governmental Funds—Special Revenue Funds:
Combining Balance Sheet—Nonmajor Special Revenue Funds 101-104
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances—
Nonmajor Special Revenue Funds 105-108
Budgetary Comparison Schedule—Judgment Fund (Unaudited) 109
Budgetary Comparison Schedule—Library Fine and Fees Fund(Unaudited) 110
Budgetary Comparison Schedule—Douglas County Library Supplement Fund (Unaudited) 111
Budgetary Comparison Schedule—Keno/Lottery Proceeds Fund (Unaudited) 112
Budgetary Comparison Schedule— SID Administrative Fees Revenue Fund(Unaudited) 113
Budgetary Comparison Schedule—Storm Water Fee Revenue Fund(Unaudited) 114
Budgetary Comparison Schedule—City Street Maintenance Fund (Unaudited) 115
Budgetary Comparison Schedule— Street and Highway Allocation Fund (Unaudited) 116
Budgetary Comparison Schedule—Interceptor Sewer Construction Fund(Unaudited) 117
Budgetary Comparison Schedule—Community Park Development Fund (Unaudited) 118
Budgetary Comparison Schedule—State Turn Back Revenue Fund (Unaudited) 119
Budgetary Comparison Schedule—Keno/Lottery Reserve Fund (Unaudited) 120
Budgetary Comparison Schedule—Greater Omaha Convention and Visitors
Bureau Fund (Unaudited) 121
Budgetary Comparison Schedule— Household Chemical Disposal Fund(Unaudited) 122
Nonmajor Governmental Funds—Debt Service Fund:
Balance Sheet—Nonmajor Debt Service Fund 124
Statement of Revenues, Expenditures, and Changes in Fund Balances—Nonmajor Debt
Service Fund 125
Budgetary Comparison Schedule— Debt Service Fund(Major Fund)(Unaudited) 126
Budgetary Comparison Schedule—Riverfront Redevelopment Special Tax Fund(Nonmajor
Debt Service Fund)(Unaudited) 127
Nonmajor Governmental Funds—Capital Project Funds:
Combining Balance Sheet—Nonmajor Capital Project Funds 131-133
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances—
Nonmajor Capital Project Funds 134-136
Budgetary Comparison Schedule—Advanced Acquisition Fund (Unaudited) 137
Budgetary Comparison Schedule—2010 Environmental Bond Fund (Unaudited) 138
Budgetary Comparison Schedule—2010 Transportation Bond Fund (Unaudited) 139
Budgetary Comparison Schedule—2010 Public Facilities Bond Fund (Unaudited) 140
CITY OF OMAHA,NEBRASKA SIt
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Table of Contents B+rFL Pfeq�*°i~
Page(s)
Budgetary Comparison Schedule—2010 Public Safety Bond Fund(Unaudited) 141
Budgetary Comparison Schedule—2010 Parks and Recreation Bond Fund(Unaudited) 142
Budgetary Comparison Schedule—Downtown Stadium and Companion
30.4 Projects Fund(Unaudited) 143
Budgetary Comparison Schedule—Pedestrian Trail Bridge-Joint Use(Unaudited) 144
Budgetary Comparison Schedule— Service Special Assessment Funds(Unaudited) 145
Nonmajor Governmental Funds—Permanent Funds:
Combining Balance Sheet—Nonmajor Permanent Funds 147
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances—
,a,. Nonmajor Permanent Funds 148
Budgetary Comparison Schedule—Western Heritage Permanent Fund(Unaudited) 149
Nonmajor Enterprise Funds:
Combining Statement of Net Position—Nonmajor Enterprise Funds 151
Combining Statement of Revenues, Expenses, and Changes in Net Position—Nonmajor
Enterprise Funds 152
Combining Statement of Cash Flows—Nonmajor Enterprise Funds 153
Pension Trust Funds:
Combining Statement of Fiduciary Net Position—Pension Trust Funds 155
Combining Statement of Changes in Fiduciary Net Position—Pension Trust Funds 156
Agency Funds:
Combining Statement of Fiduciary Assets and Liabilities—Agency Funds 159-161
Combining Statement of Changes in Assets and Liabilities—Agency Funds 162-164
Statistical Section(Unaudited)
Net Position by Component 166
Changes in Net Position 167-168
Fund Balances of Governmental Funds 169
Changes in Fund Balances of Governmental Funds 170
Tax Revenues by Source 171
Assessed Value and Estimated Actual Value of Taxable Property 172
Direct and Overlapping Governments—Property Tax Rates 173
, . Principal Property Taxpayers 174
Property Tax Levies and Collections 175
Total City Taxable Sales 176
Direct and Overlapping Governments—Sales Tax Rates 177
Ratios of Outstanding Debt by Type 178
Ratios of General Obligation Debt Outstanding 179
Direct and Overlapping Governmental Activities Debt 180
CITY OF OMAHA,NEBRASKA
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Table of Contents 1.0$ ._~
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Page(s)
Legal Debt Margin Information 181
Pledged Revenue Coverage 182-183
Demographic and Economic Statistics I 84
Principal Employers 185
Full-Time Equivalent City Government Employees by Function/Program 186
Operating Indicators by Function/Program 187
Capital Asset Statistics by Function/Program 188
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CITY OF OMAHA,NEBRASKA
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Organizational Chart ,,N��,
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Executive and Legislative
Citizens
1
Mayor City Council
Administrative Administrative
City Clerk Staff
Staff
Human Human Rights Finance Planning Parks,
Law Resources and Relations Recreation,and
Public Property
Convention and Public Library
Fire Police Public Works Tourism
1
Finance Department
U"aHkA'NrA
'itlOmaha/Douglas Civic Center
/' s� 1819 Farnam Street, Suite 1004
``� t � Omaha, Nebraska 68183-1004
� (402) 444-5416
Telefax (402) 546-1150
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Stephen B. Curtiss
City of Omaha Finance Director
Jean Stothert,Mayor Allen R. Herink
City Comptroller
June 30,2014
To the Honorable Mayor, Members of the City Council,
and Citizens of the City of Omaha:
State law requires that all general-purpose local governments publish within six months of the close of
each fiscal year a complete set of financial statements presented in conformity with generally accepted
accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a
firm of licensed certified public accountants. Pursuant to that requirement, we hereby issue the
comprehensive annual financial report of the City of Omaha (the City) for the fiscal year ended
011. December 31,2013.
This report consists of management's representations concerning the finances of the City of Omaha.
Consequently, management assumes full responsibility for the completeness and reliability of all of the
information presented in this report. To provide a reasonable basis for making these representations,
management of the City of Omaha has established a comprehensive internal control framework that is
designed both to protect the government's assets from loss, theft, or misuse and to compile sufficient
reliable information for the preparation of the City of Omaha's financial statements in conformity with
GAAP. Because the cost of internal controls should not outweigh their benefits, the City of Omaha's
comprehensive framework of internal controls has been designed to provide reasonable rather than absolute
assurance that the financial statements will be free from material misstatement. As management, we assert
that, to the best of our knowledge and belief, this financial report is complete and reliable in all material
respects.
The City of Omaha's financial statements have been audited by KPMG LLP, a firm of licensed and
certified public accountants. The goal of the independent audit was to provide reasonable assurance that the
financial statements of the City of Omaha for the fiscal year ended December 31,2013, are free of material
misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements; assessing the accounting principles used and significant
estimates made by management; and evaluating the overall financial statement presentation. The
independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering
unmodified opinions that the City of Omaha's financial statements for the fiscal year ended December 31,
2013, are fairly presented in conformity with GAAP. The independent auditor's report is presented as the
first component of the financial section of this report.
The independent audit of the financial statements of the City of Omaha was part of a broader, federally
mandated "Single Audit" designed to meet the special needs of federal grantor agencies. The standards
governing Single Audit engagements require the independent auditor to report not only on the fair
presentation of the financial statements, but also on the audited government's internal controls and
compliance with legal requirements, with special emphasis on internal controls and legal requirements
,„ 2
The Honorable Mayor, Members of the City Council,
and Citizens of the City of Omaha
June 30,2014
involving the administration of federal awards. These reports are available in the City of Omaha's
separately issued Single Audit Report.
GAAP requires that management provide a narrative introduction, overview, and analysis to accompany
the basic financial statements in the form of Management's Discussion and Analysis (MD&A). This letter
of transmittal is designed to complement MD&A and should be read in conjunction with it. The City of
Omaha's MD&A can be found immediately following the report of the independent auditors.
Profile of the Government
The City of Omaha, incorporated in 1857, is located in the eastern part of the state of Nebraska. and is the
43rd largest city in the nation. The City of Omaha currently occupies a land area of 127 square miles and
serves a population of 421,570. The City of Omaha has seen steady upward growth over the past five
decades and growth of 8.1% between 2000 and 2012. The City of Omaha is empowered to levy a property
tax on both real and personal properties located within its boundaries. It also is empowered by state statute
to extend its corporate limits by annexation, which occurs periodically when deemed appropriate by the
governing council.
The City of Omaha is operated under the Mayor-Council form of government. The Mayor and
seven-member City Council are both elected to four-year terms. The executive and administrative powers
of the City of Omaha are vested in the Mayor, who is popularly elected on a non-partisan basis.
Agreements with Douglas County provide for the sharing of library, information technology, parks,
purchasing, printing, mail, and 91 1 services between city and county residents.
The City of Omaha provides a full range of services, including police and fire protection, the construction
and maintenance of highways, streets, and other infrastructure, recreational activities and cultural events.
The City of Omaha is financially accountable for the Metropolitan Entertainment and Convention
Authority (MECA) and Heartland Workforce Solutions, Inc. (HWS). MECA is a separate nonprofit
corporation that is responsible for the operation of the Omaha Convention Center/Arena, the Civic
Auditorium, and TD Ameritrade Stadium. HWS is a separate 501(c)(3) nonprofit organization that
administers the Workforce Investment Act activities for adults, youth, and dislocated workers in Douglas,
Sarpy and Washington Counties in Nebraska. Additional information regarding both MECA and HWS can
be found in Note 1 (a) in the notes to basic financial statements.
The annual budget serves as the foundation for the City of Omaha's financial planning and control. All
agencies of the City of Omaha are required to submit requests for appropriation to the Finance Director
during April of each year. The Finance Director uses these requests as the starting point for developing a
proposed budget. The Finance Director then provides the Mayor with a proposed budget. The Mayor
reviews all estimates, expenditures, and capital improvements, and makes revisions where necessary. Not
later than 30 days before the tax levy certification date, the Mayor then submits the proposed budget to the �.
City Council for consideration, at which time the budget becomes a public record and open to inspection.
The City Council is required to hold public hearings on the proposed budget and to adopt a final budget no
later than the day prior to the tax levy certification date. The appropriated budget is prepared by fund and ��
department (e.g., police). The Mayor may at any time transfer an unencumbered appropriation balance or
portion thereof between appropriations of the same division. Transfers of appropriations between divisions
within the same department, however, require the special approval of the City Council. Budget-to-actual
comparisons are provided in this report for each individual governmental fund for which an appropriated
3
The Honorable Mayor, Members of the City Council,
and Citizens of the City of Omaha
June 30,2014
annual budget has been adopted. For the general fund, this comparison is presented on page 91 as part of
the required supplemental information. For governmental funds, other than the general fund, with
appropriated annual budgets, this comparison is presented in the governmental fund subsection of this
report, which starts on page 96. Also included in the governmental fund subsection are project-length
budget-to-actual comparisons for each governmental fund for which a project-length budget has been
adopted(e.g.,the CDBG revitalization project special revenue fund and the capital projects funds).
)0111.
Factors Affecting Financial Condition
The information presented in the financial statements is perhaps best understood when it is considered
from the broader perspective of the specific environment within which the City of Omaha operates.
Local Economy. The City of Omaha currently enjoys a favorable economic environment and local
indicators point to continued stability. Unemployment in the City of Omaha in 2013 was 4.5%, well below
the national average. The City of Omaha has a high concentration of its employment in trade,
transportation and utilities, professional and business services, education, and healthcare services. The City
has a relatively small amount of total employment in manufacturing and government. Over the past decade,
Omaha has experienced solid growth, despite two recessions at the national level. The City is the corporate
headquarters for such Fortune 500 companies as: Berkshire Hathaway, Union Pacific, ConAgra Foods,
maw Peter Kiewit,and Mutual of Omaha.
The Greater Omaha Combined Statistical Area(CSA) (which includes the nine county region of Douglas,
Dodge, Sarpy, Cass, Saunders and Washington counties in Nebraska and Harrison, Mills and
21.1.4
Pottawattamie counties in Iowa) has a population of approximately 925,858. The CSA grew by
15.3 percent between 2000 and 2012 and is projected to grow another 5.7 percent by 2017. The
government's central business district is expected to maintain its current occupancy rate with a variety of
"" stores, specialty shops, commercial businesses,and a rising number of residential living spaces.
Long-Term Financial Planning. The City has a steady capital improvement plan that provides for
reinvesting in City streets, public facilities, public safety, libraries, parks, and infrastructure over the next
five years.
Combined Sewer Overflow(CSO)
Like many communities across the nation, the City of Omaha is addressing its CSO problem by
implementing a CSO Long Term Control Plan. Combined sewer overflow occurs when untreated
wastewater and storm water commingle in a single pipe and spill into Omaha's rivers and creeks. The total
cost of the program, which the City anticipates will extend over approximately 15 years, is estimated at
$1.66 billion in 2009 dollars. Annual borrowing needs for the foreseeable future will be in the range of
$75 million to $150 million. The City has increased and is increasing its rates and charges for the system
on an annual basis for each of the fiscal years 2011 through 2018, primarily for the purpose of paying for
the cost of the program.
Awards and Acknowledgements
The City received the GFOA's Distinguished Budget Presentation Award for its annual budget document
dated December 31, 2013. In order to qualify for the Distinguished Budget Presentation Award, the
government's budget document must be judged as proficient in several categories, including as a policy
document,a financial plan, an operations guide, and a communications device.
4
The Honorable Mayor. Members of the City Council,
and Citizens of the City of Omaha
June 30, 2014
The City has submitted its 2013 CAFR for the GFOA's Certificate of Achievement for Excellence in
Financial Reporting Program.
The preparation of this request would not have been possible without the efficient and dedicated services of
the entire staff of the Finance Department. We would like to express our appreciation to all members of the
department who assisted and contributed to the preparation of this report. Credit also must be given to the
Mayor and the City Council for their unfailing support for maintaining the highest standards of
professionalism in the management of the City of Omaha's finances.
Respectfully submitted,
r
Stephen B. Curtiss
Finance Director
5
KPMG
KPMG LLP
Suite 300
1212 N.96th Street
Omaha, NE 68114-2274
Suite 1600
233 South 13th Street
Lincoln,NE 68508-2041
Independent Auditors' Report
The Honorable Mayor and Members
of the City Council
City of Omaha, Nebraska:
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 Omaha, Nebraska (the City), as of and for the year ended
December 31, 2013, 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 U.S. generally accepted accounting principles; 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.
Auditors'Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We did not audit
�., the financial statements of Metropolitan Entertainment and Convention Authority (MECA) and Heartland
Workforce Solutions, which financial statements are included as discretely presented component units and
represent 100% of the discretely presented component units as of and for the year ended December 31,
2013. Those financial statements were audited by other auditors, whose reports have been furnished to us,
and our opinion, insofar as it relates to the amounts included for MECA and Heartland Workforce
Solutions, is based solely on the reports of the other auditors. 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 Government 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 basic 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 auditors'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 auditors consider 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.
6
KPMG LLP is a Delaware limited liability partnership,
the U.S. member firm of KPMG International Cooperative
("KPMG International"),a Swiss entity.
IA
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We believe that the audit evidence we have obtained, and the reports of the other auditors, is sufficient and
appropriate to provide a basis for our audit opinions.
Opinions
In our opinion, based on our audit and the reports of the other auditors, 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 component units, each major
fund, and the aggregate remaining fund information of the City of Omaha, Nebraska, as of December 31,
2013, and the respective changes in its financial position and, where applicable, cash flows thereof for the
year then ended in accordance with U.S. generally accepted accounting principles.
Emphasis of Matter
As discussed in note 1(q) to the financial statements, during fiscal year 2013, the City adopted
Governmental Accounting Standards Board (GASB) Statement No. 65, Items Previously Reported as
Assets and Liabilities. Our opinions are not modified with respect to this matter.
Other Matters
Required Supplementary Information
U.S. generally accepted accounting principles require that the management's discussion and analysis on
pages 9 to 21, the budgetary comparison schedule — general fund on page 91, the notes to budgetary
comparison schedule — general fund on pages 92 to 93, and schedules of funding progress and employer
contributions on pages 94 to 95, 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.
Supplementary and 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 combining and individual fund financial statements —
supplementary information and the budgetary comparison schedules — supplementary information, and the
introductory and statistical sections, are presented for purposes of additional analysis and are not a required
part of the basic financial statements.
The combining and individual fund financial statements—supplementary information are the responsibility
of management and were 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 combining and individual fund financial statements — supplementary
information are fairly stated in all material respects in relation to the basic financial statements as a whole.
7
KPM-
The introductory section, statistical section, and budgetary comparison schedules — supplementary
information 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 June 30, 2014 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.
K4P c LLP
Omaha,Nebraska
June 30, 2014
8
CITY OF OMAHA,NEBRASKA
Management's Discussion and Analysis :,
Year ended December 31, 2013 we.'•
F�eEee
(Unaudited)
The discussion and analysis of the City of Omaha's (the City) financial performance provides an overall review
of the City's financial activities for the fiscal year ended December 31, 2013. The intent of this discussion and
analysis is to look at the City's financial performance as a whole. Readers should also review the basic financial
statements to enhance their understanding of the City's financial performance.
Financial Highlights for Fiscal Year 2013
• The assets and deferred outflows of resources of the City, on a government-wide basis excluding
component units, exceeded its liabilities at the close of fiscal year 2013 by $439.4 million (net position).
Of this amount, $197.2 million is an unrestricted deficit, while $578.0 million is the City's net investment
in capital assets, and$58.6 million is restricted for specific purposes.
• The City's total net position increased by $3.4 million from the prior year. Of this amount, $15.1 million
was a decrease in governmental activities and $18.5 million was an increase in business-type activities.
,. The decrease in net position related to governmental activities is primarily attributable to current year
increases for net pension obligations by $18.0 million and postretirement benefits obligations by
$26.7 million. The increase in business-type activities is primarily attributable to an increase in the Sewer
Revenue Fund of$24.5 million. This increase was offset by a decrease in net position of the Convention
Center Hotel Fund in the amount of$3.8 million and a decrease in the net position of the Parking Facilities
Fund in the amount of$1.6 million.
• As of December 31, 2013, the City's governmental funds reported combined ending fund balances of
$117.5 million, an increase of$1.9 million in comparison with the prior year. This increase is largely due
to an increase in the fund balance of the General Fund of$8.7 million primarily due to a budget surplus.
The increase in the General Fund was offset by a decrease in the Debt Service Fund in the amount of$3.4
million and decreases in nonmajor governmental funds in the amount of $3.4 million. Of the combined
governmental funds ending fund balances, approximately 41.2%, or $48.4 million, is available for
spending at the City's discretion (unassigned and assigned fund balance).
• The general fund, on a current fiscal resources budget basis, reported a surplus of revenues over
expenditures, lapsed encumbrances, and transfers of $11.8 million. Revenues were above budget in the
amount of$1.7 million and expenditures under budget, lapsed encumbrances and year-end transfers in the
amount of$10.1 million account for a 2013 year-end carryover reserve of$11.8 million.
• At the end of the current fiscal year, the unassigned/assigned fund balance for the general fund was
$53.5 million, or 16.8% of general fund expenditures.
• As of December 31, 2013,the City's general obligation bond rating from Standard & Poor's was AA+and
Moody's Investor Service rated the City's bonds Aa1.
Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to the City's basic financial statements. The
City's basic financial statements comprise three components: (1) government-wide financial statements, (2) fund
financial statements, and (3) notes to the financial statements. This report also contains other supplementary
information in addition to the basic financial statements themselves.
9 (Continued)
CITY OF OMAHA,NEBRASKA ��,,r
Management's Discussion and Analysis �
D Sig--�q;'
Year ended December 31,2013
O•'TEu„so'
(Unaudited)
The basic financial statements include two kinds of statements that present different views of the City:
• The first two statements are government-wide statements that provide both long-term and short-term
information about the City's overall financial status.
• The remaining statements are fund financial statements that focus on individual parts of the City's
government, reporting the City's operations in more detail than the government-wide statements.
Governmental fund statements tell how general government services such as public safety were
financed in the short term, as well as what amounts remain for future spending.
Proprietary fund statements offer short-term and long-term financial information about the activities
the government operates similar to a business, such as the City's sewage treatment plants or
Convention Center Hotel.
Fiduciary fund statements provide information about financial relationships in which the City acts
solely as a trustee or agent for the benefit of others, to whom the pertaining resources belong, for
example, parking fine receipts which are remitted to the school district.
The financial statements also include notes that explain some of the information in the financial statements and
provide more detailed data. The statements are followed by a section of required supplementary information that
further explains and supports the information in the financial statements.
Government-wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the City's
finances, using accounting methods similar to those used by private sector companies. The statement of net
position and the statement of activities, which are the government-wide statements, include the City's assets and
liabilities using the accrual basis of accounting, which is similar to the accounting used by most private sector
companies. All changes in net position are reported as soon as the underlying event giving rise to the change
occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement
for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but
unused vacation leave).
These two government-wide statements report the City's net position and how it has changed. Net position —the
difference between the City's assets and deferred outflows of resources and liabilities and deferred inflows of .
resources— is one way of measuring the City's financial health or financial position. Over time, increases or
decreases in the City's net position is an indicator of whether its financial health is improving or deteriorating.
Other nonfinancial factors, such as changes in the City's property tax base and the condition of the City's roads
and other infrastructure,may need to be considered to assess the overall health of the City.
In the statement of net position and the statement of activities,the City is divided into three categories:
Governmental Activities — Most of the City's basic services are included here, such as the police, fire, public
works, parks and recreation, and general administration departments. Taxes and intergovernmental revenues
principally support these functions.
10 (Continued)
CITY OF OMAHA,NEBRASKA
J
Management's Discussion and Analysis iambi
Year ended December 31,2013 ,
41,Pf.Eo'Vr
(Unaudited)
Business-Type Activities— The City charges fees to customers in order to cover the costs of certain services it
provides. The City's sewer system, air quality control enforcement, compost operation, marinas, golf courses,
tennis operation, parking facilities, printing services, river plaza facility, citywide sports, and hotel are included
here.
Component Units — The City includes two separate legal entities in its report, the Metropolitan Entertainment
and Convention Authority (MECA), and Heartland Workforce Solutions Inc. Although legally separate, these
"component units" are important because the City is financially accountable for them and the City provides debt
service funding for the arena, convention center and stadium (see note 1).
The government-wide financial statements can be found on pages 22 and 23 of this report.
Fund Financial Statements
The fund financial statements provide more detailed information about the City's most significant funds—not the
City as a whole. Funds are accounting mechanisms that the City uses to keep track of specific sources of funding
and spending for particular purposes. The City Charter, state law, and bond covenants require certain funds. The
City Council or Administration establishes other funds to control and manage money for particular purposes or to
show that the City is properly using certain taxes and grants.
The City has three kinds of funds:
Governmental Funds — Most of the City's basic services are included in governmental funds, which focus on
(1) the flow in and out of cash and other financial assets that can readily be converted to cash and (2) the
balances remaining at year-end that are available for spending. These funds are reported using the modified
accrual accounting basis and a current financial resources measurement focus. Consequently, the governmental
fund statements provide a detailed short-term view that helps the reader determine whether there are more or
fewer financial resources that can be spent in the near future to finance the City's programs. The relationship
between governmental activities (reported in the statement of net position and the statement of activities) and
governmental funds is described in a reconciliation that follows the governmental fund financial statements.
The City maintains 83 governmental funds. Information is presented separately in the governmental fund balance
sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the
general fund and debt service fund, which are considered to be major funds. Data from the other governmental
funds are combined into a single, aggregated presentation as non major governmental funds.
The City adopts an annual budget for the general fund, as required by the City Charter. A budgetary comparison
statement is presented for the general fund using the City's budgetary basis of accounting. This statement reflects
the following: (a) the original budget, (b) the final budget as amended, (c) actual results, and (d) the variance
between the final budget and actual results. Because the budgetary basis of accounting differs from the modified
accrual basis used in the funds statements, reconciliation is provided at the end of the statement.
The governmental fund financial statements can be found on pages 24 through 26 of this report.
m . Proprietary Funds — Services for which the City charges customers a fee are generally reported in proprietary
funds. Proprietary funds, like the government-wide statements, provide both short- and long-term financial
11 (Continued)
CITY OF OMAHA,NEBRASKA °OKRA"f.
Management's Discussion and Analysisa;,./e},5^
tcrL rae�+ e
Year ended December 31,2013 "Ao, Pfs.„ii`
(Unaudited)
information. The City maintains 15 enterprise funds, which are a type of proprietary fund. Enterprise funds are
used to report the same functions presented as business-type activities in the government-wide financial
statements. The City uses enterprise funds to account for its sewer system, air quality control enforcement,
compost operation, marina dredge operations, golf course operations, tennis operation, river plaza facility,
parking facilities, printing services, citywide sports, and hotel. The City has classified the Sewer Revenue,
Convention Center Hotel and Parking Facilities funds as major funds and they are presented separately in the
proprietary fund statement of net position and the proprietary statement of revenues, expenses and changes in net
position. Data from the other proprietary funds are combined into a single aggregated presentation as non major
enterprise funds.
The proprietary fund financial statements can be found on pages 27 through 29 of this report.
Fiduciary Funds — The City is the trustee, or fiduciary, for certain donated funds. The City maintains 24
fiduciary funds. It is also responsible for other assets that, because of a trust arrangement, can be used only for
the trust beneficiaries. The City is responsible for ensuring that the assets reported in these funds are used for
their intended purpose. These activities are reported in a separate statement of fiduciary net position. The City
excludes this activity from its government-wide financial statements because the City cannot use these assets to
finance its operations. The accounting used for fiduciary funds is much like that used for proprietary funds.
The fiduciary fund financial statements can be found on pages 30 and 31 of this report.
Notes to the Basic Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the
government-wide and fund financial statements. The notes to the basic financial statements can be found on
pages 34 through 90 of this report.
Other Information
In addition to the basic financial statements and accompanying notes, this report also presents certain required
supplementary information concerning the City's 2013 budget information and the City's progress in funding its
obligation in both pension and other postemployment benefits. Required supplementary information can be found
on pages 91 through 95 of this report.
City Government-wide Financial Analysis
As noted earlier, net position (assets, deferred outflows of resources over liabilities and deferred inflows of
resources) may serve over time as a useful indicator of a government's financial position. In the case of the City,
assets exceeded liabilities by $439.4 million at the close of fiscal year 2013. The City's net investment in capital
assets reflects its investment in capital assets (e.g., land, building, equipment, and infrastructure), less
accumulated depreciation, and less any related outstanding debt used to acquire those assets. The City uses these
assets to provide services to its citizens. and consequently, these assets are not available for future spending. The
resources needed to repay the debt related to these capital assets must be provided from other sources.
12 (Continued)
CITY OF OMAHA,NEBRASKA "'".."F4,
Management's Discussion and Analysis ;� ,_„
pit t :
Year ended December 31 2013
(Unaudited)
The following table reflects the condensed summary of net position (in millions):
CITY OF OMAHA
_ Summary of Net Position
Governmental Business-type Total primary
activities activities government
2013 2012 2013 2012 2013 2012
Current and other assets $ 316 339 124 190 440 529
Capital assets 1,106 1,104 730 662 1,836 1,766
Total assets 1,422 1,443 854 852 2,276 2,295
Deferred outflows of resources:
Loss on refunding 31 — 4 — 35 —
Total assets and deferred
outflows of resources $ 1.453 1,443 858 852 2,311 2,295
.,,, Current and other liabilities $ 120 128 38 42 158 170
Long-term liabilities 1,188 1,147 526 531 1,714 1.678
Total liabilities 1,308 1,275 564 573 1,872 1,848
—
Net position:
Net investment in capital assets 363 360 215 137 578 497
Restricted position 15 17 43 43 58 60
Unrestricted position(deficit) (233) (209) 36 99 (197) (110)
Total net position 145 168 294 279 439 447
Total liabilities and
- net position $ 1,453 1.443 858 852 2,311 2,295
Governmental Activities
Net position of the City's governmental activities decreased$22.0 million (13.1%)to $145.5 million. However, a
significant portion of that net position is either restricted as to the purpose it can be used for or the City's net
investment in capital assets (building, roads, bridges, etc.). Consequently, unrestricted net position showed a
$233.4 million deficit at the end of this year. This deficit does not mean that the City does not have the resources
available to pay its current liabilities. Rather, it is the result of having long-term commitments that are greater
than current available resources. Specifically, the City did not include in past annual budgets, the full amounts
needed to finance future liabilities arising from worker's compensation and healthcare claims ($41.2 million),
Civilian employees, Policemen's and Firemen's net pension obligation ($219.7 million) and postemployment
benefits($163.9 million). The City will include these amounts in future years' budgets as they become due.
Business-Type Activities
The net position of the City's business-type activities increased approximately $15.0 million to $293.9 million.
The City generally can only use this net position to finance the continuing operation of its enterprise operations.
A key element of this increase is the $24.5 million increase in net position incurred by the Sewer Fund.
13 (Continued)
CITY OF OMAHA,NEBRASKA 0"0" "F
Management's Discussion and Analysis ., ..
Y .1iac :
Year ended December 31, 2013 'Ao, ���"
Pt t'
(Unaudited)
The following table shows the revenue and expense of the governmental and business-type activities:
City of Omaha's Change in Net Position
(In millions)
Governmental Business-type Total primary
activities activities government
2013 2012 2013 2012 2013 2012 ,_
Revenues:
Program revenues:
Charges for services $ 90.1 84.2 113.6 94.8 203.7 179.0
Operating grants and contributions 64.5 70.6 - 0.9 64.5 71.5
Capital grants and contributions 1.4 2.1 1.0 1.3 2.4 3.4
General revenues:
Sales and use tax 136.7 128.4 136.7 128.4
Property tax 142.3 141.8 - 142.3 141.8 h
Other taxes 81.4 75.7 81.4 75.7
Unrestricted investment earnings 0.4 2.4 - 0.4 0.4 2.8
Total revenues 516.8 505.2 114.6 97.4 631.4 602.6
Expenses:
General government 91.4 108.8 91.4 108.8
Public safety 230.3 221.1 230.3 221.1
Transportation services 71.6 63.8 71.6 63.8
Other public services 28.7 30.0 28.7 30.0
Community development 28.9 27.3 28.9 27.3
Culture and parks 49.3 49.5 49.3 49.5
Interest on long-term debt 31.2 34.0 - 31.2 34.0
Convention Center Hotel - 15.7 16.8 15.7 16.8
Sewage treatment 64.7 62.0 64.7 62.0
Other 16.1 13.2 16.1 13.2
Total expenses 531.4 534.5 96.5 92.0 627.9 626.5
Increase(decrease)in
net position
before transfers (14.6) (29.3) 18.1 5.4 3.5 (23.9)
Transfers (0.5) (3.2) 0.5 3.2 - -
Increase(decrease)in
in net position (15.1) (32.5) 18.6 8.6 3.5 (23.9)
Net position at beginning of year* 160.6 200.1 275.4 271.1 436.0 471.2
Net position at end of year $ 145.5 167.6 294.0 279.7 439.5 447.3
* Restated as required by adopting the accounting principles of GASB 65.See Note 1 q to the financial statements.The 2012 amounts have
not been restated.
Governmental Activities
The City's total revenues from governmental activities were $516.8 million for the fiscal year ended
December 31, 2013. The largest source of revenue ($142.4 million in 2013) for the City is property tax. Property
14 (Continued)
CITY OF OMAHA,NEBRASKA o,.pn..NF
Management's Discussion and Analysis M1;q.^;7
Year ended December 31,2013 *�+4UpFe1�*°y~
(Unaudited)
tax increased $0.59 million (0.42%) during 2013. The City property tax rate is 49.922 cents per$100 of assessed
value. Property tax valuations for 2013 decreased by 0.4%when compared with valuations from 2012.
The City's expenses for governmental activities cover a wide range of services, with 43.3%, or $230.3 million,
for fiscal year 2013 related to public safety and 13.5%, or $71.6 million, for fiscal year 2013 for transportation
services. Overall, the expenses for governmental activities decreased by 0.58% or $3.1 million in 2013. This can
largely be attributed to a$17.5 million decrease in expenditures for general government.
Business-Type Activities
The net position of the City's business-type activities increased by $18.6 million. The change of net position by
the major enterprise funds and the other nonmajor enterprise funds is presented as follows:
Fund Amount
(In millions)
Convention Center Hotel $ (3.8)
Parking facilities (1.6)
Sewer revenue 24.5
Other nonmajor enterprise funds (0.5)
The Convention Center Hotel Fund began operations in April 2004. The City believes that future operations of
the Hotel will eliminate this deficit. Annual appropriations from the City will subsidize any debt service shortfall.
In October 2011, construction was completed on a 150-room expansion project bringing the hotel's total
inventory to 600 guestrooms. The expansion project also included an additional ballroom.
The Parking Facilities Fund was established as a tool to manage the City's eight parking structures and various
surface lots throughout the City. Lease purchase debt has been issued to finance the construction of the parking
structures. All operating activities of the Parking Facility Fund have been consolidated within Public Works. The
completion of a comprehensive parking-fee study will likely lead to changes in rates based upon location and
hours of enforcement.
In May 2009, the City Council enacted an ordinance increasing sewer use fees by twenty to thirty percent
annually beginning in 2012 through 2018. The action provides funding for the sewer system's capital
improvements.
The City's enterprise operations are reviewed on an ongoing basis. Revenues and expenses are adjusted as
necessary to maintain an adequate amount of working capital. Annual appropriations may also be used to
subsidize these funds. The City has decided to account for these activities by the use of enterprise accounting to
better identify the cost of the services and for better management control.
Financial Analysis of the Government's Funds
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal
414 Aft
requirements.
15 (Continued)
CITY OF OMAHA,NEBRASKA o ,�
e mow• fs
Management's Discussion and Analysis
Year ended December 31.2013 F£e•��'�"
(Unaudited)
Governmental Funds
The focus of the City's governmental funds is to provide information on near-term inflows, outflows, and
balances of spendable resources. Such information is useful in assessing the City's financing requirements. In
particular, unassigned fund balances may serve as a useful measure of a government's net resources available for
spending at the end of the fiscal year.
For the fiscal year ended December 31, 2013, the governmental funds reported combined ending fund balances
of$117.5 million, an increase of$1.9 million in comparison with the prior year. An increase in fund balance in
the amount of $8.7 million for the General Fund accounted for the majority of this fund balance increase.
Decreases in the fund balances in the Debt Service Fund in the amount of $3.4 million and the nonmajor
governmental funds in the amount of$3.4 million offset the increase in the General Fund.
Approximately 58.7% or $69.0 million of the combined fund balance constitutes committed/assigned/unassigned
fund balance, which generally is available for spending at the City's discretion. The remainder of the fund
balance is restricted to indicate that it is not available for new spending, because it has already been restricted for:
• pay debt service($18.5 million)
• public safety purposes($2.0 million)
• community development($2.8 million)
• culture and parks purposes($5.0 million)
• general government purposes ($4.3 million)
• transportation and street system purposes($9.8 million)
• nonspendable inventory and endowments ($5.1 million)
• other public services($1.0 million)
The General Fund is the City's chief operating fund. The general fund's assigned/unassigned fund balance at
December 31, 2013 is $53.5 million, while the total fund balance is $56.6 million. As a measure of the general
fund's liquidity, it may be useful to compare both the assigned/unassigned fund balance and the total fund
balance to total fund expenditures. The assigned/unassigned fund balance represents 16.8% of the total fund
balance to total fund expenditures, whereas the total fund balance represents 17.8% of that same amount. The
fund balance of the general fund increased by $8.7 million in fiscal year 2013. For budgeting purposes only, the
2013 budget surplus of$11.8 million is available for governmental use.
16 (Continued)
CITY OF OMAHA,NEBRASKA &AHA"
Management's Discussion and Analysis ;;ise „
Year ended December 31,2013 •,r, �q.�
(Unaudited)
Another major governmental fund is the Debt Service Fund. The Debt Service Fund has a total fund balance of
$15.2 million, all of which will be used either for payment of debt service on the City's general obligation debt or
for payment of debt issuance costs. The Debt Service Fund decreased by $3.4 million for fiscal year 2013.
General Fund Budgetary Highlights
December 31, 2013
(In millions)
Original Final
budget budget Actual
Revenues:
Taxes $ 279.6 279.6 279.1
Charges for services 17.2 17.2 18.1
Other 22.2 22.2 23.5
Total 319.0 319.0 320.7
Expenditures, lapsed encumbrances,
and transfers 321.8 321.8 312.4
Changes in fund balance $ (2.8) (2.8) 8.3
There are three types of budget transfers, each requiring a successive level of authority. First, the Mayor may, at
any time, transfer an unencumbered appropriation balance or portion thereof between appropriations of the same
division. Second, transfers between divisions in the same department may be authorized by resolution of the City
Council. Third, transfers between departments/agencies may be authorized by ordinance of the City Council. At
the end of the year, the City Council passed a budget amendment to transfer $0.5 million from the General
Fund-$0.25 million each to the Contingent Liability Fund and Cash Reserve Fund.
Significant variances between the general fund's actual revenues and expenditures and the final amended budget
are summarized as follows:
• Sales tax revenue was $1.1 million below budget
• In Lieu taxes and Licenses and Permits were $5.0 million above budget.
• Property tax revenue was $0.6 million above budget.
• Business taxes were $4.3 million below budget.
• Interest earnings were $1.4 million below budget.
• Rents and Royalties and Misc. Revenues were $1.3 million below budget.
• Charges for services were $0.8 million above budget.
17 (Continued)
CITY OF OMAHA,NEBRASKA 0,0,0.11A''�F
Management's Discussion and Analysis 1;%�+`5� _..
Year ended December 31 2013 1,, ��"
(Unaudited)
• The Mayor's Office, City Clerk, City Council, Law, Human Resources, Human Rights and
Relations,Finance, Planning, Public Works, and Parks and Recreation collectively were $1.3 million
under budget.
• The Library was $0.5 million under budget.
• The Fire Department was $1.3 million over budget.
• The Police Department was 5.3 million under budget.
• Retiree Benefits and Other Agencies,together were under budget $3.6 million.
Proprietary Funds
The City's proprietary funds provide the same type of information found in the government-wide financial
statements, but in more detail. p_
Net position of the Convention Center Hotel Fund, Parking Facilities Fund, Sewer Revenue Fund, and other
enterprise funds amounted to $(43.0) million, $(6.7)million, $342.6 million, and $1.0 million, respectively, at
December 31, 2013. Additional discussion concerning the finances of these funds has already been addressed in the discussion of the City's business-type activities.
Capital Asset and Debt Administration ,,
Capital Assets
The City's investment in capital assets for its governmental and business-type activities as of December 31,
2013, is $1.8 billion (net of accumulated depreciation). This investment in capital assets includes land, buildings,
improvements, machinery and equipment, streets, bridges, storm sewers, sanitary sewers, event facilities, and
wastewater treatment plants. The total change in the City's investment in capital assets for the current year was a
net increase of 3.9% (an increase of 0.2% for governmental activities and an increase of 10.1% for business-type
activities).
Governmental Business-type
activities activities Total
2013 2012 2013 2012 2013 2012
Land $ 140.0 140.1 5.2 5.2 145.2 145.3
Cultural assets 5.8 5.8 0.7 0.7 6.5 6.5
Construction in progress 52.8 38.4 120.5 107.2 173.3 145.6
Buildings 323.6 335.4 157.5 121.9 481.1 457.3
Machinery and equipment 26.8 24.1 11.1 13.7 37.9 37.8
Infrastructure 557.0 559.8 434.5 413.8 991.5 973.6
Total $ 1.106.0 1.103.6 729.5 662.5 1,835.5 1,766.1
18 (Continued) ,
CITY OF OMAHA,NEBRASKA °"P"'NF
101►i;;:
Management's Discussion and AnalysistIk
Year ended December 31,2013 4-$46/0,^i
TPu PF.Dov�
(Unaudited)
Major capital asset events during 2013 included the following:
• Street construction and improvements in the Dundee Business Improvement District; current year
expenditures were $2.4 million.
• Construction continued on the City's sewer system including the Combined Sewer Overflow
Program with capital outlays of$94.4 million.
• Improvements to the Police Evidence and Property Storage facilities; current year expenditures were
$1.4 million.
• Construction continued on the 144th and Eagle Run Road Project; current year expenditures were
$1.86 million.
• Street construction on 96th Street, Park Drive to Y Street; current year expenses were $2.0 million.
• Improvements on major buildings across the City, current year expenditures were $1.0 million.
• Improvements and rehab on Gene Leahy Mall; current year expenditures were $1.7 million.
• Replacement of the Stockyards Bridge at 26th and L Street; current year expenditures were
$1.0 million.
• Construction and improvements at the intersection of 52 & Dodge Street; current year expenditures
were $1.4 million.
• Construction in progress citywide totaled $173.3 million.
• Annual citywide depreciation expense for governmental activities totaled $36.1 million.
Additional information on the City's capital assets can be found in note 11 to the financial statements.
Long-Term Debt
At December 31, 2013, the City had total bonded debt outstanding of$1.2 billion (including notes payable). Of
this amount, $490.0 million is general obligation debt backed by the full faith and credit of the City;
$439.2 million of revenue bonds secured solely by specified revenue sources; $73.9 million of special obligation
bonds backed by a variety of revenue sources, including sales tax and property tax; $37.5 million of special tax
revenue bonds backed by a redevelopment property tax levy; $160.2 million of lease purchase bonds backed by
annual General Fund appropriations; and$15.7 million of notes payable backed by a variety of revenue sources.
19 (Continued)
CITY OF OMAHA,NEBRASKA °"'"""f^
Management's Discussion and Analysis M}e
Year ended December 31,2013 �,.
.�'1 V P P a s J',.
(Unaudited)
City of Omaha's Outstanding Debt
(hi millions)
Governmental Business-type
activities activities Total
2013 2012 2013 2012 2013 2012
General obligation bonds $ 490.0 516.8 - 490.0 516.8
Revenue bonds 1.5 1.7 437.7 448.1 439.2 449.8
Special obligation bonds 57.6 40.6 16.3 17.3 73.9 57.9
Special tax revenue bonds 37.5 59.4 - - 37.5 59.4
Lease purchase bonds 126.1 131.1 34.1 36.8 160.2 167.9
Notes payable 2.8 2.9 12.9 13.5 15.7 16.4
Total $ 715.5 752.5 501.0 515.7 1,216.5 1,268.2
At December 31, 2013, the City maintained an AA+ rating from Standard & Poor's Corporation and an Aal
rating from Moody's Investors Service on general obligation bonds.
Under the City's Home Rule Charter, the total amount of general obligation indebtedness outstanding at any time
shall not exceed 3.5% of the actual value of taxable real and personal property in the City. The debt margin as of
December 31, 2013, is $498.3 million.
Additional information on the City's long-term debt can be found in notes 6, 7, and 8 to the financial statements.
Economic Factors and Next Year's Budgets and Rates
The City's property tax base for 2014 is $27.8 billion. This is a decrease from 2013 of$110.2 million or 0.4%,
primarily due to a reduction of property values in 2013. The property tax rate for 2014 remained the same as
2013 at 49.922 cents per$100 of valuation.
• Sales tax collections for 2012 and 2013 have changed, respectively, by 1.9% and 3.7% over each of
the past two years. For 2013, increased sales tax collections were enough to offset an increase in
business incentive tax refunds of $4 million. Current net collections through May 2014 show an
increase over the same period in 2013 by 8.7%.
• In the fall of 2010, the City enacted a 2.5% restaurant occupation tax charge on food and beverages.
In 2014, the City budgeted restaurant tax revenues at $27.6 million. Collections for 2014 are
projected to be at budget.
• Effective January 1, 2013, the state legislature prohibits the City from collecting the wheel tax in the
three mile jurisdiction of Douglas County'. This results in a loss of revenue of approximately
$2 million.
20 (Continued)
CITY OF OMAHA,NEBRASKANye
Management's Discussion and Analysis ar'ri
®ry'e� e
Year ended December 31,2013 '�a�� ,.~•
rth PEl9v�
(Unaudited)
• The Sewer Use Fee rate for 2014 increases about 7.5% over 2013. Anticipated future rate increases
are intended to fund the Combine Sewer Overflow Compliance Project.
• Overall general fund revenue collections for 2014 are projected to be $1.5 million under budget
(0.4%)due primarily to LB775 and LB312 sales tax refunds to businesses.
All of these factors were considered in preparing the City's budget for the 2015 fiscal year.
During 2013, the assigned/unassigned fund balance in the general fund was $53.5 million. The City appropriated
$11.8 million of this amount for spending in the 2015 fiscal year. This 2015 appropriation represents the 2013
budget balance carried forward. The 2013 budget balance carried forward in the amount of$11.8 million will be
appropriated for spending in 2015. The City Charter requires that the general fund budget balance, as of the close
of any particular fiscal year, shall be applied as general fund revenue in the budget for the fiscal year two years
subsequent to that fiscal year.
Requests for Information
This financial report is designed to provide citizens, taxpayers, customers, investors, and creditors with a general
overview of the City's finances and to demonstrate the City's accountability for the funds it receives. Questions
concerning any of the information provided in this report or requests for additional financial information should
be addressed to the City of Omaha, Finance Department, Suite 1004, 1819 Farnam Street, Omaha, Nebraska
68183.
drluW
21
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CITY OF OMAHA,NEBRASKA ���y,
Statement of Net Position ,"'a.
r,,3,¢ir '•
�„ December 31,2013 " '
Aggregate
discretely
presented
Primary government component
Governmental Business-type units
Assets and Deferred Outflows of Resources activities activities Total Total
.� Assets:
Cash and pooled investments $ 37,819,668 22,131,239 59,950,907 9,054,214
Investments 65,403,517 34,187,984 99,591,501 21,548.076
Receivables(net of allowance for uncollectibles) 171,736,549 2.187,805 173,924,354 3,183,830
Due from other governments 43,492,896 7,154,527 50,647,423 200,479
'"" Internal balances (14,400,000) 14,400,000 —
Accrued interest 268,541 64,794 333,335
Inventories 2,301,101 774,572 3,075,673
Other assets 542,226 741,523 1,283,749 2,972,721
Restricted assets:
Investments 21,042,711 21,042,711 —Deposits with trustee 9,398,185 21,801,646 31,199,831 —
Capital assets:
Nondepreciable 198,566,226 126,469,095 325,035,321 1,181,454
042.1. Depreciable 907,435,015 603,078,725 1,510,513,740 16,520,715
Total assets $ 1,422,563,924 854,034,621 2,276,598,545 54,661,489
Deferred outflows of resources:Loss on refunding of bonds 31,384,132 3,911,497 35,295,629 —
Total assets and deferred outflows of resources 1,453,948.056 857.946,118 2.311,894,174 54,661,489
Liabilities and Net Position
Liabilities:
— Accounts payable and other $ 34,160,183 18,443,996 52,604,179 18,021,453
Accrued interest payable 6,520,540 4,866,893 11,387,433
—
Due to other governments 1,176,090 — 1,176,090 —
Unearned revenue 4,397,578 — 4,397,578 —
Long-term liabilities:Net pension obligation due in more than one year 219,701,396 11,451,401 231,152,797 —
Postretirement benefit obligation due in more than one year 163,884,602 10,001,403 173,886,005
Other liabilities — — — 439,554
Compensated absences: —
,„„„ Due within one year 3,365,421 100.812 3,466,233 Due in more than one year 63,943,013 1,915,455 65,858,468 —
Grants payable:
Due within one year 2,435,250 — 2,435,250 Due in more than one year 13,378,500 — 13,378,500 —
,.-, Claims and judgments:
Due within one year 1,960,000 — 1,960,000
Workers'compensation and healthcare claims:
Due within one year 14,090,356 899,289 14,989,645 —
Due in more than one year 27,098,042 1,729 477 28,827,519 —
.— Bonds,notes,and leases payable:
Due within one year 52,520,998 13,320,314 65,841,312 699,133
Due in more than one year 699,789,750 501,301.088 1,201,090,838 2,210,961
Total liabilities 1,308,421,719 564,030,128 1,872.451,847 21,371,101
Net position:
Net investment in capital assets 363,088,678 214,926,418 578,015,096 14,792,075
Restricted for:
Debt service 9,398,185 42,844,357 52.242,542
...., Community improvement 3.360,773 — 3,360,773 —
Perpetual care:
Expendable 278,632 — 278,632
Nonexpendable 2.775,389 — 2,775,389 —
Unrestricted (233,375,320) 36,145,215 (197,230,105) 18,498,313
Total net position 145.526.337 293,915,990 439,442,327 33,290,388
Total liabilities and net position $ 1,453,948,056 857,946,118 2,311,894,174 54,661,489
See accompanying notes to basic financial statements.
22
CITY OF ONIAIIA,NEBRASKA
Statement of Activities .t►,
Year ended December 3I,2013 t r'
$ `
Program revenues Net revenue(expense)and changes in net position
Aggregate
discretely
Operatingpresented
Capital Primary government component
Charges for grants and grants and Governmental Business-type units
Expenses services contributions contributions activities activities Total Total
Functions programs
Primary government.
Governmental activities
General government S 91,390,308 3,693,496 2,605,281 (85,091,531)Public safely 230.254,594 17.079,473 (06.81 ,391)
6.359,730 4 12(2,136793) - (20b 8I5,39I)
Transportation services 71,625,887
Other public services 84),943 34,215,504 1383,G47 ('-.I 1ii,793) - (_1 6,703)
28,740,801 3,420,354 0,354 9,343,592 (I 5 076,855) - (15,976,855)
Community development 28.867,688 21,003.207 I I.964,200 4,099,719 Culture and parks 49,340 930 11,027 280 (30,000) (38,343650) 4 U99_5
Interest on long-term debt 31,203,115
- - (38343,60)
(31,203,115) - (31,203,115)
'Iota]governmental actin sties 531,423,323 90,113,753 64458,307 1,383,647 375.467616
Business-type activities. ( ) (375,46761(i)
Convention Center'late) 15,712 726 118) 337
Parking 8.430.265 (?f C,,862 _ - (3.82(1389) (3,820.389)
Sewer -- (2.163,403) (2.163,403)
64.709,568 88.339,205 967,081 24.596,718 24 596,718
Citywide Sports 177,267 344,704 _
Marinas 634,247 619,904 _ 167.437 167,437
Tennis operations 423.284 269,595 _ 114,343) (14,343)
Golf operations and concessions 4.337,490 3 8)4 386 __ - (153,689) (153,689)
.199 752,083 _ - (523.104) (523,104)
Air quality 522
229,884 229,884
Compost 1.058.213 832.054 .)59
Printing and graphics 391,440 4)2301 (226,159) 12226159)
rver Front Plaza and Marina 71,362 42,980 - -- 20,861 20.861 -.
(28,382) (28,382)
Total business-type activities 96,468,061 I I3,586,411 - 967,081 18,085,431
18,085,431
Total primars government $ 627,891.384 203,700,164 64,458,307 2.350,728 (375,467,616) 18,085,431 5
Component units (3_738_',I85) -_
M1ECA $ 40,807,869 42,648,087 _
Heartland Workforce Solutions 3.799,234 120.933 3.400,987 _ 1,840,2
_. (277 (414)
Iota)component units $ 44,607,103 42,769,020 3,400,987
- _ -- 1,562,904
General revenues-
Property taxes $ 1,12,350,476 142,350.476
Motor vehicle taxes 9,839,552 -- 9,839,552
Sales and use taxes 136,693 604 136,693.604
Business taxes 66,484,605 66.484,605
Payments in lieu of taxes 5,085,338 5,085,338
Unrestricted investment earnings 396,792 (43.612) 353.180 s
'transfers (515,017) 515,017 - I_,458
Total general revenues and transfers 360,335,350 471,405 360.806,755 115,488
Change in net position (I5,132,266) 18.556,836 3 424,570 1,678,392
Net position-beginning ofvear,as restated(note lq) (1,0,658,603 275 359,154 436.017,757 31,61 1,996
Net position-end of year $ 145,526,337 293,915,990 439,442,327 33,290,388
See accompanying notes to basic financial statements_
23
CITY OF OMAHA,NEBRASKA Ay;,
Balance Sheet—Governmental Funds e ;a ya
December 31,2013
Debt Nonmajor Total
service governmental governmental
Assets General fund funds funds
Cash and pooled investments $ 4,360,326 10,942,870 22,516,472 37,819,668
61,120,526 4,282,991 65,403,517
Rvcivableses(net ofallowance for uncollectibles) 91,741,605 54,315,407 25,679,537 171,736,549
D e
Due from other governments 25 936,769 414,694 17,141,433 43,492.896
Due from other funds — 4,000,000 9,500,000 13,500,000
125,466 143,075 268,541
Inven„,� Accrued interest 2,301.101 — — 2,301,101
Other asset 27,077 515,149 542,226
Other assets
Restricted assets: _ — 9.398,185 9.398.185
Deposits with trustee
Total assets $ 185,612.870 69,672.971 89,176.842 344,462,683
Liabilities,Deferred Inflows of Resources and Fund Balances
Liabilities:
Accounts payable and other $ 23,699,055 131,108 10,330,020 34,160,183
Due to other governments 1,151,090 — 25,000 1,176,090
23,900,000 4,000,000 27,900,000
Due other 626,825 10,297 3,760.456 4,397.578
Unearned reveenue
Total liabilities 49,376,970 141.405 18,115.476 67,633.851
Deferred inflows of resources:
Advanced revenue $ 79,611,053 54,284,747 25.418,326 159,314,126
Fund balances: 2,301,101 2,775,389 5,076,490
Nonspendable
Restricted 853.190 15,246,819 27,366,488 43,466,
20,593,562 20,593,562
Asmmssigngetedd 848.1274,732,086 5,580,213
+�- 52,623,4
29 — (9.824.485) 42,797,944
Unassigned
Total fund balance 56.624.847 15.246.819 45,643,040 117,514,706
Total liabilities,deferred inflows of resources and fund balances $ 185,612.870 69,672,971 89,176.842
Amounts reported for governmental activities 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 1,106,001,241
Revenues earned during the current period are not
available as resources and,therefore,are recognized
as advanced revenue in the funds 159,314,126
Long-term liabilities.including bonds payable and pension
obligations,are not due and payable in the current period
and,therefore,are not reported in the funds(see note 5) (1.237,303,736)
Net position of governmental activities $ 145.526.337
See accompanying notes to basic financial statements.
24
CITY.OF OMAHA,NEBRASKA
Statement of Revenues.Expenditures,and Changes in Fund Balances— �
Governmental Funds `` -
Year ended December 31,2013
Debt Nonmajor Total
service governmental governmental
General fund funds funds
Revenues:
Taxes:
Property $ 79.724,252 54.436.350 8.195.933 142,356,535
Motor vehicle 9.839,552 — 9,839.552
City sales and use 136.693.604 — 136.693,604 Business 65.739.546 — 743,209 66.482,755
In lieu 4.843,939 216,736 24.663 5,085.338
Licenses and permits 10.665,875 — 2.024.501 12,690.376
Intergovernmental — 2.100.803 41.861.210 43.962,013
Investment income (95.121) 351.007 140.907 396.793 —
Revenue from Keno 581.317 — 6.987,178 7.568,495
Charges for services 18.099,098 1.954.582 31.064.889 51,118,569
Rents,royalties,and other 846.372 — 1.367,612 2.213,984
Contributions and grants 32,537 1.762.626 46,339.440 48.134.603
Fotal revenues 326.970.971 60.822,104 138.749.542 526.542.617
Expenditures:
Current:
General government 36.798.206 703.734 6.896.870 44,398,810
Public safety 216.540.047 — 7,526.812 224.066.859
Transportation services 901.605 — 55.008,869 55,910.474
Other public services 17.379.286 10,146,773 27.526,059
Community development 11.002.727 — 17.092.829 28.095.556
Culture and parks 27,275,716 — 7,076.479 34.352.195
Debt service:
Principal 4,542,947 40,839.764 5.841.837 51.224.548
Interest 2.977,321 22.976.964 6,917.831 32.872.116
Bond issuance costs 237.582 15.739 253.321
Capital outlay 300.626 —
41.595,573 41.896.199
Total expenditures 317.718,481 64.758.044 158.119,612 540.596,137 __
Excess(deficiency)of revenues
over expenditures 9.252.490 (3.935.940) (19,370.070) (14,053,520)
Other financing sources(uses):
Transfers in 160.190 — 6.918.319 7.078.509
Transfers out (696.714) — (6.896,812) (7.593.526)
Proceeds from issuance of general obligation bonds.
lease purchase contract payable,and notes payable — — 15.403.783 15,403,783 _
Proceeds from refunding bonds — 10.645.000 — 10.645.000
Proceeds from bond premium 743,706 579,761 1,323.467
Payment for current refunding — (10,895.000) — (10.895.000)
Total other financing sources(uses) (536.524) 493,706 16.005,051 15,962,233
Net change in fund balances 8.715,966 (3,442.234) (3,365.019) 1.908,713
Fund balances—beginning of year 47.908,881 18.689.053 49.008.059 115,605,993
Fund balances—end of year $ 56.624.847 15.246.819 45.643.040 117,514.706
See accompanying notes to basic financial statements.
25
CITY OF OMAHA,NEBRASKA
Reconciliation of the Change in Fund Balances of Governmental Funds wer r"
to the Statement of Activities—Governmental Funds
•'rru ecs .r
Year ended December 31, 2013
Amounts reported for governmental activities in the statement of activities
are different because: $ 1,908,713
Net change in fund balances—total governmental funds
Governmental funds report capital outlays as expenditures. However, in the
statement of activities, the cost of those assets is allocated over their estimated
useful lives and reported as depreciation expense. This is the amount by which
capital outlays exceeded depreciation expense in the current period(see note 5). 2,590,102
The net effect of various miscellaneous transactions involving capital contributions (218,656)
and sale of capital assets.
Revenues in the statement of activities that do not provide current financial 9 218,010)
resources are not reported as revenues in the funds.
The issuance of long-term debt(e.g., bonds, leases, etc.)and long-term liabilities
provides current financial resources to governmental funds,whereas the
repayment of the principal of long-term debt consumes the current financial
resources of governmental funds.Neither transaction,however, has any effect
on net position. Also, governmental funds report the effect of premiums and
discounts, when debt is first issued, whereas these amounts are advanced
and amortized in the statement of activities. This amount is the net effect of
these differences in the treatment of long-term debt and related items (see note 5). 35,946,806
Some expenses reported in the statement of activities do not require the use of
current financial resources and,therefore, are not reported as expenditures in
the governmental funds (see note 5). (46,141,221)
Change in net position of governmental activities $ (15,132,266)
See accompanying notes to basic financial statements.
26
CITY OF OMAHA.NEBRASKA
Statement of Net Position- •.
Proprietary Funds �';,`;;L-x.
*..
December 31.2013
Sewer Nonmajor Total
Convention Parking revenue enterprise proprietary
Assets and Deferred Outflows of Resources Center Hotel facilities fund funds
Assets: funds
Current assets:
Cash and cash equivalents S 357 242.906 20,561.046 1326930 22,131,239
Investments , ,
Prepaids 34,187,984 34,187.984
Receivables(net of allowance for uncollectibles) _ - 10.000 10.000
Due from other governments 315.159 1.831.472 41,174 2.187.805
Accrued interest receivable 7.154.527 - 7.154,527
7
Inventories 64.787 64.794
Due from other funds 752,941 21,631 774.572
Restricted assets: 14.400,000 40.000 14.440,000
Deposits with trustee 3.786.323
- 3.786.323
Total current assets 3.786.687 558,065 78.952.757 1.439,735 84,737.244
Noncurrent assets:
Restricted assets:
Investments
Deposits with trustee 21.042.711 -- 21.042,711
18.015.323
- 18,OI5323
Advanced charges 607.623
- 123.900 731.523
Capital assets:
Land
2.473.344 2.721.046
Buildings and systems4 16 5.194.390,5
9L914.409 6L363,255 836,463416 9.228.130- 914.974.000
Furniture and fixtures 14.974.408 -
Machine and equipment - -- 17.084A06
Machinery' 3,978,432
Cultural assets 10,159.513 2 946,441 17.084.386
718.020 718,020
Construction in progress - 120.529.185 27.500 120.556.685
111,183.109 63,836.599 969,873,160 12.202,071 1,157.094,939
Less accumulated depreciation 30.220,139 35.558.624 354.144.071 7,624,285 427.547,119
Capital assets.net 80,962,970 28
.277.975 615.729.089 4.577.786 729,547,820
Total noncurrent assets 99.585,916 28.277.975 636.895,700 4.577.786 769.337.377
'Total assets 103.372.603 28.836.040 715.848.457 6.017.521 854.074.621
Deferred outflows of resources:
Loss on refunding of bonds 3,401.555 348.305 161.637
3,911.497
Total assets and deferred outflows of resources S 106.774.158 29,184,345 716.010.094 6,017.521 857,986.1 18
Liabilities and Net Position
Liabilities:
Current liabilities:
Accounts payable and other current liabilities S 218.659 61.867 18.008,570 154.900 18.443.996
Accrued interest payable 3,144.681 502,389 1.216.297 3.526 4,866,893
Due to other funds 40.000 __ _
Current installments of long-term debt -- 40.000
340.000 2.700.000 9,255.314 25.000 13,320.314
Workers'compensation and healthcare claims 52,459 644.490 202.340 899.289 Compensated absences 1,731 81.057 18.024 100.812
Total current liabilities 4.743.340 3.318.446 29205.728 403.790 37.671.304
Noncurrent liabilities:
Long-term debt,excluding current installments 145.012.494 31.1 16.440 324.875,609 296.545 501,301,088
Net pension obligation 685.290 8.852.627 1,913 484 11.451.401
Postretirement benefit obligation 598.517 7.73 L691 1.671.195 10 001.403
Workers'compensation and healthcare claims 100.886 1,239.459 389,132 1,729.477
Compensated absences 32.892 1.540.086 342.477 1.915.455
Total noncurrent liabilities 145.012.494 32.534.025 344.239,472 4.612,8 33 526.398.824
Total liabilities 149.755.834 35.852.471 373445.20(1 5.016.623 564,070.128
Net position:
Net investment in capital assets (65.389,524) (5.538.4651 281,598,166 4.256.241 214,926.418
Restricted for debt service 21.801.646 - 21.04' 71 I
Unrestricted 42.844557
606.202 (1.129.6611 39,924.017 (3,255.343) 36,145,215
Total net position (42.981.676) (6.668.126) 342.564.894 1.000.898 293,915,990
Total liabilities and net position $ 106.774,158 29.184.345 716,010.094 6.017.521 857.986.1 18
See accompanying notes to basic financial statements.
27
WM
CITY OF OMAHA,NEBRASKA '. 11j
Statement of Revenues,Expenses,and Changes in Net Position— 1-, �` :.Mc
Proprietary Funds '�
101.1 Year ended December 31,2013
Convention Sewer Nonmajor Total
Center Parking revenue enterprise proprietary
Hotel facilities fund funds funds
Operating revenues:
Charges for services $ 11.892.337 6.266.862 88,339.205 7.088,007 113,586,411
Total operating revenues 11,892,337 6.266.862 88,339,205 7,088,007 113,586.411
"'"` Operating expenses:Personal services 2,289,467 17,688,718 4,079.668 24,057,853
vi
Outside services 169,212 1,403,296 9,738,530 1,181,870 12,492,908
Operation and maintenance 2,260,096 547,259 7,742,748 1.581 547 12,131.650
334,146 334,146
Costpecof salesation and services
Depreciation and amortization 5.675.431 2,410,197 20.366,123 423.444 28,875,1 5
Total operating expenses 8.104.739 6,650,219 55,536,119 7.600,675 77.891.752
Operating income(loss) 3,787,598 (383,357) 32,803 086 (512,668) 35,694,659
Nonoperating revenues(expenses): _ — (43,612)
Investment income(loss) 23,382 (66,994)
Interest expense (7,607,987) (1,780.046) (9,176,449) (14,827) (18,579,309)
3.000 3,000
Gain on disposal of assets
7,584.605 (1.780.046) (9,240,443) (14.827) (18.619.921)
Total nonoperating revenues(expenses),net ( )
Income(loss)before contributions and transfers (3,797,007) (2,163,403) 23,562,643 (527,495) 17,074,738
Transfers in 523,429 42.772 4,000 570,201
Transfers out — (1,184) (50,000) (4,000) (55,184)
967,081 967,081
Contributed capital
Change in net position (3,797,007) (1,641,158) 24,522,496 (527,495) 18,556,836
Net position at beginning of year,as restated(note lq) (39.184,669) (5.026,968) 318.042,398 1,528,393 275,359,154
Net position at end of year $ (42,981,676) (6.668.126) 342,564,894 1,000.898 293.915.990
See accompanying notes to basic financial statements.
..a
0'
Lisa
28
CITY OF OMAHA,NEBRASKA
Statement of Cash Flows-Proprietary Funds
Year ended December 3 I.2013
Convention Sewer Non major Total
Center Parking revenue enterprise proprietary
Hotel facilities fund funds funds
Cash flows from operating activities:
Receipts from customers $ 11,892,337 6.123.429 87.657,522 7.170,462
Payments to suppliers (2.250.859) 112,843.750
Payments to employees (2.087.837)(922.607) 19.723.934) 3.409.993) (27.472,623)
— (14.489.128/ (3.151.5631 (18.563,298)
Net cash provided by operating activities 9.641.478 3.112 985 53,444,460 608.906 66,807.829
Cash flows from noncapital financing activities:
Transfers in/out
-- 522.244 (7,228) 515,016
Advances from(to)other funds I3.000 (1.098) 3.671.882
13.000) 3.670,784
Net cash provided by(used in)noncapital
financing activities 13.000 521.146 3.664.654
(13.000) 4.185,800
Cash flows from capital and related financing activities:
Capital expenditures (1.365,678) (94,382,770) (121.459
Capital contributed (95.869,907)
Payments on long-term debt 967,081 -- 967.081
Issuance of long-term debt 11,160.000) (4.335.000) (10.722.865) (25.000) (16.242,865)
Proceeds from the sale of capital assets -- 1,720,000 -- 1.720,000
Interest paid 3,000 3,000
(7.570.436) (1.864,757) (9.605.211) (15.100) (19.055,504)
Net cash used in capital and related
financing activities (10,096.114) (4.479.757) (113.740.765 55 0
161. 9) 128,4,8.195)
Cash flows from investing activities:
Net sale/purchases of investment securities.net 418,286 76.927,109 Interest received 23.548 - 77,345,395
(87,488) -- (63,940)
Net cash provided by(used in)investing activities 441.834 -- 76.839.621
77.281.455
Net increase(decrease)in cash and cash equivalents 198 (845.626) 20.207.970 434,347 19,796.889 '
Cash and cash equivalents,beginning of year 159 1.088,532 353,076 892.583 2.334.350
Cash and cash equivalents,end of year S 357 242.906 20.561.046 1,326,930 22
.131.239
L239
Reconciliation of operating income(loss)to net cash provided by
operating activities:
Operating income(loss) $ 3.787,598 (383.357) 32 803.086
Adjustments to reconcile operating income(loss)to nel cash provided (512,668) 35,694.657
by operating activities:
Depreciation and amortization 5.675.431 2.410.197 20.366.123 423.444 28.875,195
Cash flows impacted by changes in:
Receivables 29,822 (143.433) (411.223) 129.093 Inventories (395.741)
Prepaids 6.433 6,733 13.166
6,743 5.507 12.250
Accounts payable and other 148.627 (144,025) (2.525,056) (140.101) (2.660,555)
Workers'compensation — 136.882 56.634 27.639 221,155
Compensated absences 34.277 1.889 13.429 49.595
Pension obligation 638.550 1,720,905 362.635 2.722.090
Postretirement benefit obligation 557.151 1.420.162 298,702 2,276.015
Net cash provided by operating activities $ 9,641.478 3.1 12,985 53.444.460 608,906 66,807.829
See accompanying notes to basic financial statements.
29
CITY OF OMAHA,NEBRASKA i,.....`;;',4relli,
Statement of Fiduciary Net Position— '+'i;-v.
�. Fiduciary Funds n,r �w,,.a
R.
December 31.2013
,.— Total
Pension Trust Fiduciary
Funds Agency Funds
Assets:
Cash and cash equivalents $ 2,617,493 14,579,483 17,196,976
Receivables:
Accounts receivable 2,036,214 22,744 2,058,958
"' Other receivables — 18,850 18,850
Accrued interest 2,109,055 575 2.109,630
Due from other governments 1,276 1,276
Investments,at fair value:
" Government securities 27,664,735 1,168,831 28,833,566
Municipal issues 3,281,763 - 3,281,763
Corporate bonds 131,729,414 — 131,729,414
Domestic equities 241,945,020 241,945,020
—
International equities 179,631,904 179,631,904
—
Domestic real estate securities 150,048,089 150,048,089
International real estate 2.964,907 — 2,964,907
Commodities 18,051,393 — 18.051,393
Private equity 23,380,733 — 23,380.733
Hedge funds t19,294.330 — 19,294,330
Cash and cash equivalents 16.221.510 — 16.221.510
Total assets 820.977.836 15.790.483 836.768.319
Liabilities:
Accounts payable and other liabilities 1,140,370 15.790,483 16.930.853
Total liabilities 1.140,370 15.790.483 16,930.853
Net position held in trust for pension benefits $ 819,837.466 — 819.837,466
See accompanying notes to basic financial statements.
30
CITY OF OMAHA,NEBRASKA
Statement of Changes in Fiduciary Net Position— 6,7!'M►'
Pension Trust Funds
4
Year ended December 31. 2013
Additions:
Contributions:
Employer $ 51,033,232
Employee 27,833,201
Total contributions 78,866,433
Investment earnings:
Dividends and interest 20,364,248
Net increase in the fair value of investments 105,788,494
Total investment earnings 126,152,742
Less investment expenses (4,182,249)
Net investment income 121,970,493
Total additions 200,836 926
Deductions:
Benefit payments 94,032,687
Change in net position 106,804,239
Net position held in trust for pension benefits, beginning of year 713,033,227
Net position held in trust for pension benefits, end of year $ 819,837,466
See accompanying notes to basic financial statements.
31
CITY OF OMAHA,NEBRASKA cµ""'^t
Discretely Presented Component Units _� et 7 .
Combining Statement of Net Position vi4 �?
December 31, 2013 'i`..•
Heartland
Workforce
— Assets MECA Solutions Total
Cash and pooled investments $ 8,978,798 75,416 9,054,214
Investments 21,548,076 — 21,548,076
Receivables(net of allowance for uncollectibles) 3,183,830 — 3,183,830
Due from other governments — 200,479 200,479
Other assets 2,966,774 5,947 2,972,721
Capital assets: 1,181,454
Nondepreciable 1,181,454 —
Depreciable 16,251,646 269,069 16,520,715
Total assets $ 54,110,578 550,911 54,661,489
Liabilities and Net Position
Liabilities:
Accounts payable and other $ 16,471,590 255,342 16,726,932
Long-term liabilities:
Other liabilities 1,734,075 — 1,734,075
Notes payable:
Due within one year 675,946 23,187 699,133
Due in more than one year 2,129,890 81,071 2,210,961
Total liabilities 21,011,501 359,600 21,371,101
Net position:
Net investment in capital assets 14,627,264 164,811 14,792,075
Unrestricted 18,471,813 26,500 18,498,313
Total net position 33,099,077 191,311 33,290,388
—
Total liabilities and net position $ 54,110,578 550,911 54,661,489
See accompanying notes to basic financial statements.
— 32
CITY OF OMAHA,NEBRASKA
Discretely Presented Component Units 1
Combining Statement of Activities ;h, ,
Year ended December 31,2013
Net revenue(expense)and
Program revenues changes in net position
Operating Capital Heartland
Charges for grants and grants and Workforce
Expenses services contributions contributions MEGA Solutions Total
Functions/programs:
Component Units
MEGA S 40,807,869 42,6,18,087
Headland Workforce Solutions 3,799,234 120,933 3,400,987 1,840,218 I.840,318
(277,314) (277,314)
Total other component units 44,607,103 42,769,020 3,40(1,987
I,840,218 (277,314) 1,562,904
General revenues:
Investment earnings 115,488 115,488
Total general revenues 115,488 115,488
Change in net position 1,955,706 (277,3I4) 1,678,392
Net position--beginning of year 31,143,371 468,625 31,611,996
Net position end of year 5 33,099,077 191,311 33,290,388
See accompanying notes to basic financial statements_
33
F k , ' ! $ F
CITY OF OMAHA,NEBRASKA °".H.N`
Notes to Basic Financial Statements 't'" �
December 31,2013 4'40 e.J'yM1
(1) Summary of Significant Accounting Policies
(a) Reporting Entity
The City of Omaha, Nebraska (the City) was incorporated on February 2, 1857. The City operates
under a Home Rule Charter and has a mayor-council form of government with an elected full-time
chief executive, the Mayor, and an elected legislative body, the council, composed of seven
members. The seven council members each represent one of the City's seven districts. The Mayor
and members of the council are elected through popular vote to four-year terms. The City is a
political subdivision of the state of Nebraska and is exempt from state and federal income taxes.
The governmental reporting entity consists of the City (the primary government) and its component
units. Component units are legally separate organizations for which the City is financially
accountable or other organizations whose nature and significant relationship with the City are such
that exclusion would cause the City's financial statements to be misleading or incomplete. Financial
accountability is defined as the appointment of a voting majority of the component unit's board and
(i)either the City's ability to impose its will on the organization or (ii)there is potential for the
organization to provide financial benefit to or impose a financial burden on the City.
The basic financial statements include both blended component units and the City's discretely
presented component units. The blended component units, although legally separate entities, are, in
substance, part of the City's operations, and data from these units are basic with data of the primary
government. The City's basic financial statements blend the activity of the City of Omaha Parking
Facilities Corporation, the City of Omaha Impound Facilities Corporation, the City of Omaha
Stadium Facilities Corporation, City of Omaha Northwest Library Facilities Corporation, the City of
Omaha Facilities Corporation, and City of Omaha Convention Hotel Corporation. The City is
financially accountable for these organizations and they provide services entirely to the City of
Omaha.
The City reports its respective ownership percentage of the assets, liabilities, net position, and
operating activity of the Omaha-Douglas Public Building Commission (ODPBC), a related party
joint venture. The ODPBC was created by state law on May 19, 1971. The purpose of the ODPBC is
to provide a means whereby buildings, structures, and facilities can be acquired, constructed,
remodeled or renovated and financed for use jointly by the City of Omaha and Douglas County.
ODPBC is governed by a five member board of commissioners. Douglas County and the City of
Omaha each appoint two members and the resulting four members appoint the fifth member. The
City leases space in the Omaha Douglas Civic Center and the adjoining Hall of Justice from the
ODPBC under a lease that expires only upon payment of all outstanding bonds of the ODPBC. The
annual rental payments are determined based upon actual space occupied by the City for operation
and maintenance, which has been determined to be 30%. Separate financial statements for ODPBC's
fiscal year ended June 30, 2013 are available at 1819 Farnam Street, Omaha,Nebraska 68183.
The City has engaged in related-party transactions as defined under Governmental Accounting
Standards Board (GASB) Statement No. 56, Codification of Accounting and Financial Reporting
Guidance Contained in the AICPA Statements on Auditing Standards, with the Omaha Housing
Authority, Omaha Airport Authority, and Metro Transit Authority where the Mayor or City Council
34 (Continued)
CITY OF OMAHA,NEBRASKA
Notes to Basic Financial Statements
^
December 31, 2013 °�' Z`61"�
�p�rAu eeea0*i
appoints board members to these organizations. The City's accountability for these organizations
does not extend beyond making the appointments.
The discretely presented component units, on the other hand, are reported in separate columns in the
government-wide financial statements to emphasize that they are legally separate from the primary
government. The City's basic financial statements discretely present the financial position and
activities of the Metropolitan Entertainment and Convention Authority (MECA) and Heartland
Workforce Solutions(HWS).
Metropolitan Entertainment and Convention Authority
Metropolitan Entertainment and Convention Authority (MECA) is a separate nonprofit
corporation that is responsible for the operation of the Omaha Convention Center/Arena, Civic
Auditorium, and Downtown Stadium. Title to the facilities and all related infrastructure assets
are vested with the City. Construction activities were principally funded by private donations and
general obligation bonds of the City. Board members of MECA are appointed by the City. The
financial statements for MECA included herein are for the year ended June 30, 2013. MECA's
separate financial statements are available at 1819 Farnam Street, Omaha,Nebraska 68183.
Heartland Workforce Solutions
Heartland Workforce Solutions (HWS) is a separate 501(c)(3) nonprofit corporation that was
formed in October 2010. HWS administers the Workforce Investment Act to expand
employment opportunities for youth, adults, and dislocated workers in Douglas, Sarpy, and
Washington Counties in Nebraska. The organization receives the majority of its funding from the
City of Omaha as pass-through federal funds. The Mayor of the City of Omaha is the chief
elected official of the Tri-County workforce area. The Mayor appoints all board members and
approves HWS's budget. The financial statements for HWS included herein are for the fiscal
year ended June 30. 2013. Separate financial statements for HWS are available at 1819 Farnam
Street, Omaha,Nebraska 68183.
Related Organizations
The City's officials are responsible for appointing members of the boards of other organizations, but
the City's accountability for these organizations does not extend beyond making the appointments.
The Mayor or City Council appoints board members of the Omaha Housing Authority, the Omaha
Airport Authority, and the Metro Area Transit Authority. The City is not financially accountable for
these organizations.
The Douglas Omaha Technology Commission (DOT.Comm) is a governmental entity formed by an
interlocal agreement between the City and Douglas County (the County). The purpose of this entity
is to increase the cooperative efforts of the County and the City in connection with electronic
information, voice, and data communication services for governmental operations, and public
services. The Mayor appoints two members of the DOT.Comm Oversight Committee, which has a
total of seven members. The City Finance Director is a permanent member of the Oversight
Committee. DOT.Comm has control over its operations and fiscal matters and holds title to its assets.
DOT.Comm's revenues are primarily derived from maintenance fees from the City and County.
35 (Continued)
CITY OF OMAHA,NEBRASKA
Notes to Basic Financial Statements
December 31, 2013 =E0Pfe.s'
Separate financial statements can be obtained from its office at 408 South 18th Street, Omaha,
Nebraska 68102.
(b) Basis of Presentation
Government-wide Financial Statements
The statement of net position and statement of activities display information about the primary
government and its component units. These statements include the financial activities of the overall
- government, except for fiduciary activities. Eliminations have been made to minimize interfund
activities. These statements distinguish between the governmental and business-type activities of the
City and between the City and its discretely presented component units. Governmental activities,
which normally are supported by taxes and intergovernmental revenues, are reported separately from
business-type activities,which rely to a significant extent on fees charged to external parties.
The statement of activities presents a comparison between direct expenses and program revenues for
the business-type activities of the City and for each function of the City's governmental activities.
Direct expenses are those that are specifically associated with a program or function and, therefore,
are clearly identifiable to a particular function. Program revenues include (1)charges paid by the
recipients of goods or services offered by the programs and (2) grants and contributions that are
restricted to meeting the operation or capital requirements of a particular program. Revenues that are
not classified as program revenues, including all taxes, are presented as general revenues.
Fund Financial Statements
The fund financial statements provide information about the City's funds, including fiduciary funds.
Separate statements for each fund category — governmental, proprietary, and fiduciary — are
presented. The emphasis of fund financial statements is on major governmental and enterprise funds,
each displayed in a separate column. All remaining governmental and enterprise funds are separately
aggregated and reported as nonmajor funds.
Proprietary fund operating revenues, such as charges for services, result from exchange transactions
eatua associated with the principal activity of the fund. Exchange transactions are those in which each
party receives and gives up essentially equal values. Nonoperating revenues, such as investment
earnings,result from nonexchange transactions, or ancillary activities.
The City reports the following major governmental funds:
• The general fund is used to account for all revenues and expenditures necessary to carry out
basic governmental activities of the City that are not accounted for through other funds.
• The debt service fund is used to account for the resources for, and the payment of, general
long-term debt principal, interest, and related costs.
The City reports the following major proprietary funds:
• The convention center hotel fund is used to account for costs associated with the construction
and operation of the Convention Center Hotel.
36 (Continued)
CITY OF OMAHA,NEBRASKA pµH N
Notes to Basic Financial Statements
December 31, 2013 *`
TEU FEI�Jn 1
• The parking facilities fund accounts for all revenues from parking garages, surface lots.
parking meters and parking violations and late fees, and the related operation, maintenance,
and construction expenditures for all parking facilities. Prior to January 1, 2013, parking
facilities fund accounted for only parking garages and the other parking related activities were
recorded within the general fund.
• The sewer revenue fund accounts for activity from sewer service charges, construction grants,
and related expenditures for operation, maintenance, and capital improvements of the sanitary
sewerage system and wastewater treatment plants.
The City reports the following additional fund types:
• The pension trust funds accumulate contributions from the City and its employees and
earnings from the funds' investments. Disbursements are made from the funds for pension
payments to City retirees.
• The agency funds account for assets held by the City as an agent for various local
governments.
• The permanent funds are used to report resources that are legally restricted to the extent that
earnings, and not principal, may be used for purposes that support the City's programs for the
benefit of the City or its citizenry.
• The special revenue funds account for the proceeds from specific revenue sources that are
restricted to expenditures for specified purposes.
• The capital projects funds account for all resources received and used for the acquisition or
development of major capital improvements (other than those financed by proprietary funds
and trust funds).
• The enterprise funds account for operations that are financed and operated in a manner similar
to private business enterprises: (a)where the intent of the governing body is that the costs of
providing goods or services to the general public on a continuing basis are financed or
recovered primarily through user charges or (b)where the governing body has decided that
periodic determination of revenues earned, expenses incurred, and/or net income is appropriate
for capital maintenance, public policy, management control, accountability, or other purposes.
(c) Basis of Accounting
The government-wide, proprietary, and fiduciary fund financial statements are reported using the
economic resources measurement focus and the accrual basis of accounting. Revenues are recorded
when earned and expenses are recorded at the time liabilities are incurred, regardless of when the
related cash flows take place. Nonexchange transactions, in which the City gives (or receives) value
without directly receiving (or giving) equal value in exchange, include property and sales taxes,
grants, entitlements, and donations. On an accrual basis, revenue from property taxes is recognized
in the fiscal year for which the taxes are levied. Revenues from grants, entitlements, and donations
are recognized in the fiscal year in which all eligible requirements have been met.
3 7 (Continued)
CITY OF OMAHA,NEBRASKA °,,.N.rye.
Notes to Basic Financial Statements ti'c'i�" -
wom .2,3ArA
December 31, 2013 ATE°PfeY/*
Governmental funds are reported using the current financial resources measurement focus and the
modified accrual basis of accounting. Under this method, revenues are recognized when measurable
and available. Property and sales taxes, interest, certain state and federal grants, and charges for
services are accrued when their receipt occurs within 60 days after the end of the accounting period
so as to be both measurable and available. Expenditures are generally recorded when a liability is
incurred, except for debt service expenditures and other long-term liabilities, which are recorded
only when due. General capital assets acquisitions are reported as expenditures in governmental
funds. Proceeds and issuances of long-term debt are reported as other financing sources and uses.
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods
in connection with a proprietary fund's principal ongoing operations. The principal operating
revenues of the enterprise funds are charges to customers for goods and services. Operating expenses
include the cost of sales and service, administrative expenses, and depreciation on capital assets. All
revenues and expenses not meeting this definition are reported as nonoperating revenues and
expenses.
(d) Pooled Cash and Investments
The City maintains a pooled cash and investment account for all funds. These funds are placed in the
custody of the City Treasurer. Each fund reports its undistributed interest in the principal balance of
the pool. Interest earned on the City's pooled cash and investments is credited to the general fund of
the City, except for the Don Hayes Memorial Fund, Ralph Anderson Memorial Fund, Cash Reserve
Fund, Western Heritage/Byron Reed Fund, Asarco Remediation Fund, Sewer Revenue Fund, and
Sewer Construction Fund, which are credited directly to the respective funds. Interest is imputed and
transferred to the Keno funds, Police Seized Assets funds, and Western Heritage fund.
(e) Cash and Cash Equivalents
For purposes of the accompanying statement of cash flows, the City's enterprise funds consider all
highly liquid debt instruments with an original maturity of three months or less when purchased to be
cash equivalents.
(9 Investments
Investments are stated at fair value. Securities traded on a national or international exchange are
valued at the last reported sales prices at current exchange rates and where marketable securities are
not listed on an exchange, quotations are obtained from brokerage firms or national pricing services.
Income from investments not included in pooled cash and investments that are held by individual
funds is recorded in the respective funds as it is received. Accrued interest is recorded at year-end.
(g) Inventories
Inventories of materials and supplies are stated at the lower of cost or market using the first-in,
first-out method. The costs of governmental fund inventories are recorded as assets when purchased
and expended as used.
38 (Continued)
CITY OF OMAHA,NEBRASKA Notes to Basic Financial Statements
December 31, 2013 4
TPu Pf.eeJf,~.
(h) Revenue
• Property tax: Nebraska Legislative Bill (LB) 1114 imposes a tax ceiling for general revenue
purposes. The tax levy certified in any year shall not exceed $0.45 per $100 of actual valuation.
The 2013 general tax levy ($0.28447 per $100 of assessed valuation) was below the legal limit
by $0.16553. or$46,205,515.
The Home Rule Charter of the City imposes a tax ceiling for general revenue purposes. The tax
levy certified in any year shall not exceed $0.6125 per $100 of actual valuation plus whatever
tax levy is necessary to provide for principal and interest payments on the indebtedness of the
City for administrative expenses incurred in issuing and maintaining bonds and for satisfaction
of judgments and litigation expenses in connection therewith. The 2013 general tax levy
($0.28447 per $100 of assessed valuation) was below the legal limit by $0.32803, or
$91,565,246. The assessed value upon which the 2013 levy was based was $27,913,680,440.
The tax levies for all political subdivisions in Douglas County are certified by the county board
on or before October 15. Real estate taxes are due and become an enforceable lien on property
on December 31. The first half of real estate taxes becomes delinquent on April 1 and the
second half becomes delinquent on August 1 following the levy date. Personal property taxes
are due on December 31 and become delinquent on April I and August 1 following the levy
date. Delinquent taxes bear 14% interest.
• Motor vehicle tax: Motor vehicle tax is imposed upon all motor vehicles registered for operation
upon the highways of the State of Nebraska. The tax is imposed at the rates authorized by the
State of Nebraska and in the manner and for the purpose specified. The Motor Vehicle Tax is
assessed on a vehicle at the time of initial registration and annually thereafter until the vehicle
reaches 14 years of age or more. It is based upon the Manufacturer's Suggested Retail Price of
the vehicle.
• City sales and use tax: A tax imposed upon the sale transactions within the corporate limits of
the City on which the State is authorized to impose a tax according to the provisions of the
Nebraska Revenue Act of 1967. Sales tax collected by the State is remitted to the City two
months after the month of sale. The tax is 1.5%that is added to the 5.5% State Sales Tax set by
the Nebraska Legislature. (The State Department of Revenue retains a 3% collection charge on
all of the City's sales tax receipts.)This revenue pays the City's day-to-day operations.
• Business tax: Includes the cable television franchise fee, keno administrative fee, hotel/motel
occupation tax, restaurant occupation tax, tobacco occupation tax, vehicle rental occupation tax,
Omaha Public Power District occupation tax, Metropolitan Utilities District occupation tax and
vending machines concessions. These fees/taxes were implemented to raise money for the City
and to fund special projects.
• Taxes in lieu: Includes payments made by tax exempt quasi-public entities to local government
in place of property taxes. The quasi-public entities include Metropolitan Utilities District
(MUD) and Omaha Public Power District (OPPD). MUD pays 2% of the annual gross revenue
derived from all retail sales of water and gas sold by the MUD within the City of Omaha. OPPD
39 (Continued)
o �"'Ee
CITY OF OMAHA,NEBRASKA ��`�MIA
ry,
Notes to Basic Financial Statements _ efiYi
December 31, 2013 t. TFUpEefJ .
pays the amount paid in lieu of taxes in 1957 which was $183,998. The OPPD in-lieu-of tax
payment received is distributed to the General, Judgment, Debt Service, and Redevelopment
Debt Service Funds in the same proportion that each respective ad valorem tax levy is in relation
to the total City ad valorem tax levy.
• License and permits: Includes various licensing fees, permit fees, and other fees related to
professional/business activities (beer and liquor permits, firearm permits, pawnbroker's permits,
and theater permits). A majority of these fees were implemented to raise money for the City;
however, some items were implemented to regulate businesses and professionals that require a
license or permit to practice.
• Intergovernmental: Includes federal and state grants and state tax distribution. The federal and
state grants are sought by the City to help fund specific programs and projects, which probably
could not be fully funded or implemented without financial assistance from outside agencies and
special interest groups. The state tax distribution was set up to provide for State aid to political
subdivisions. This revenue source established in 1982, by the state of Nebraska, replaced the
City's allocation of personal property tax relief and the City's allocation of proceeds of State
sales and income taxes from the State Governmental Subdivision Fund prior to 1983.
• Investment income: Revenue source provided from the investment of idle City funds.
• Revenue from Keno: Includes the City of Omaha's share of the keno revenues generated under
contractual agreements. The City of Omaha receives no less than 12.75% of the gross keno
handled, plus unclaimed winning keno tickets. There is one contractor, EHPV Lottery Services
LLC, d/b/a Big Red Keno.
• Charges for services: Includes various fees and surcharges related to professional and business
activities (asbestos removal, parking meters, swimming fees, and tree removal). A majority of
these fees were implemented to raise money for the City in order to recover costs of
maintenance, upkeep of public property, administration costs, and costs related to the service
provided by the City.
• Rents, royalties, and other: Includes rental of publicly owned property to private citizens for
authorized purposes. The City rents/leases a parcel of land located on the Omaha Riverfront
property.A full service restaurant and bar are currently operated at this location.
• Contributions and grants: Includes federal, state, and private funding for various items such as:
neighborhood development projects, community development activities, shelter for homeless
and temporarily displaced families, housing rehabilitation and home buyer assistance,
renovation of Omaha Police Department facilities, and after school activities.
(i) Capital Assets
Within the government-wide and proprietary fund financial statements, capital assets, including
infrastructure, are recorded at historical cost or at estimated historical cost if actual historical cost is
not available. Contributed fixed assets are valued at their estimated fair market value on the date of
donation. Capital assets include public domain infrastructure, including roads and bridges. The City
40 (Continued)
CITY OF OMAHA,NEBRASKA 8,4
Notes to Basic Financial Statements�'�`>
December 31, 2013 °"�..' " 'z
o�rfl)pFl1V�~i
defines capital assets as assets with individual costs of more than $10,000 and estimated useful lives
in excess of one year. Capital assets used in operations are depreciated or amortized using the
straight-line method over the lesser of the capital lease period or their estimated useful lives in the
government-wide and proprietary fund financial statements. Assets are depreciated using the
half-year convention in the first and last years of the asset's useful life.
The estimated useful lives are as follows:
Infrastructure 15-50 years
Buildings and systems 15-50 years
Improvements 5-30 years
Machinery and equipment 5-20 years
Vehicles 5-15 years
Furniture and Fixtures 5-7 years
Net interest costs on funds borrowed to finance the construction are capitalized and depreciated over
the life of the related asset.
(j) Compensated Absences
Employees earn annual vacation and sick leave at various specific rates during their period of
employment. In the event of termination, an employee is reimbursed for accumulated vacation time.
This balance is the total of a yearly carryover, up to a maximum of 280 hours for civilian bargaining
and civilian management employees, plus the current year's leave balance. Civilian management and
bargaining employees are reimbursed for a percentage of accumulated sick leave up to a maximum
of 2,000 hours (612.5 maximum paid hours). Civilian and nonexempt management employees have
the option of accruing compensatory leave time at a rate of one and one half times the actual hours
worked in lieu of the payment of overtime. Employees may accrue a maximum of 120 hours of
compensatory time. The compensatory time must be taken within three months after the end of the
calendar year in which it is earned and any remaining amounts are paid out in cash. However, the
employee retains the right to cash out the compensatory leave balance at any time.
In the event of termination, police employees are reimbursed for accumulated vacation time up to a
maximum of 320 hours, plus the current year leave balance. Upon retirement, death, or resignation
after 20 years, police employees receive 1 for 1 for the first 1,200 hours of accumulated sick leave
and 1 for 4 hours thereafter up to a maximum of 3,200 hours (1,700 hours). Police employees may
accrue a maximum of 360 hours of compensatory time. In the event of termination, Fire Department
24-hour shift employees are reimbursed for accumulated vacation time up to a maximum of 432
hours, plus current year accumulation. Upon retirement or resignation, Fire Bargaining 24-hour shift
employees are reimbursed for accumulated sick leave at 65% of actual hours. In the event of
termination, Fire Management employees are reimbursed for accumulated vacation time up to a
maximum of 280 hours, plus current year accumulation. Upon retirement, Fire Management
employees are reimbursed for accumulated sick leave 1 for 1 for the first 1,200 hours and 1 for 4 for
all hours greater than 1,201 to 3,200 for a maximum 1,700. In the event of termination, Fire
Department 40-hour shift employees are reimbursed for accumulated vacation time up to a maximum
of 291.48 hours, plus current year accumulation. Upon retirement or resignation, 40-hour shift
41 (Continued)
a
CITY OF OMAHA,NEBRASKA ,01.41iir •
Notes to Basic Financial Statements
December 31'
�rEL'favv 2013
F�.
°It
employees are converted to 24-hour shift employees reimbursed for accumulated sick leave as
above.
For the government-wide, proprietary, and fiduciary fund financial statements, vacation leave and
other compensated absences with similar characteristics are accrued as the benefits are earned if the
leave is attributable to past service and it is probable that the City will compensate the employees for
such benefits. Such accruals are based on current salary rates and include salary-related payments,
such as the employer's matching Social Security and Medicare costs, associated with payments made
... for compensated absences on termination. In the governmental funds, a liability for these amounts is
reported only if they are due as a payable.
(k) Risk Management
The City is exposed to various risk of loss related to torts, theft of, damage to, and destruction of
assets; errors and omissions; injuries to employees; and natural disasters. The City is self-insured
with respect to its obligation to provide workers' compensation, general liability, property damage,
unemployment benefits, and health and dental coverage.
The City purchases commercial insurance for property damage of City buildings and contents. The
' City purchases commercial insurance for aviation liability for the police aviation unit.
(I) Long-Term Obligations
In the government-wide financial statements and proprietary fund types in the fund financial
statements, long-term debt and other long-term obligations are reported as liabilities in the applicable
governmental activities, business-type activities, or proprietary fund type statement of net position.
Bond premiums and discounts are advanced and amortized over the life of the bonds using the
straight-line method. Bonds payable are reported net of the applicable bond premium or discount.
Bond issuance costs are expended in the year incurred.
In the fund financial statements, governmental fund types recognize bond premiums and discounts,
as well as bond insurance, during the current period. The face amount of debt issued is reported as
W other financing sources. Premiums received on debt issuances are reported as other financing
sources,whereas discounts on debt issuances are reported as financing uses.
(m) Interfund Transactions
Interfund transactions are reflected as either loans, services provided, reimbursements, or transfers.
Loans, which are reported as receivables and payables, are subject to elimination upon consolidation
and are referred to as either"due to/from other funds" or"advances to/from other funds."
Services provided, deemed to be at market or near market rates, are treated as revenues and
expenditures/expenses. Reimbursements are when one fund incurs a cost, charges the appropriate
benefiting fund, and reduces its related cost as a reimbursement. All other Interfund transactions are
treated as transfers. Transfers between governmental or proprietary funds are netted as part of the
reconciliation to the government-wide presentation.
42 (Continued)
CITY OF OMAHA,NEBRASKA a0.1A.pf
a t
Notes to Basic Financial Statements
December 31, 2013
'Fu resF��
(n) Restricted Assets
Restricted assets include deposits with trustees of various enterprise funds and capital projects.
(o) Deferred Outflows of Resources
In the government-wide financial statements and proprietary fund financial statements, loss on
refunding of bonds are reported as deferred outflows of resources in the applicable statement of net
position. The loss on refunding represents, for current refundings and advance refundings resulting in
defeasance of debt, the difference between the reacquisition price and the net carrying amount of the
old debt and is recognized as a component of interest expense in a systematic and rational manner
over the remaining life of the old debt or the life of the new debt, whichever shorter.
(p) Deferred Inflows of Resources
Governmental funds report advanced revenues as deferred inflow of resources in connection with
receivables for revenues not considered measurable and available to liquidate liabilities of the
current period. Resources received in advance of all eligibility requirements being met, other than
time restrictions, are reported as unearned revenue.
(q) Recent Accounting Pronouncements
Adoption of New Accounting Pronouncements
During 2013, the City adopted the provisions of GASB Statement No. 65,Items Previously Reported
as Assets and Liabilities, which reclassifies certain items that were previously reported as assets and
liabilities as deferred outflows of resources, deferred inflows of resources, or current period outflows
and inflows. This statement requires that debt issuance costs should be reported as an expense in the
period incurred. As of January 1, 2013, implementation of GASB Statement No. 65 required the City
to write off all prior unamortized debt issuance costs.
43 (Continued)
CITY OF OMAHA,NEBRASKA
_ °..�.."`
Notes to Basic Financial Statements Wowr ;a'�
, nK�' a
December 31, 2013 11.o,411.PP p'V''.*
Beginning net position was restated as follows to adopt GASB Statement No. 65:
aorta Government-wide
Governmental Business-type
activities activities
Net position,January 1,2013,as
previously reported $ 167,562,211 279,739,744
Change in accounting principle
adjustment required to adopt
GASB No. 65. (6,903,608) (4,380,590)
Net position,January 1,2013,
as restated $ 160.658,603 275,359,154
Proprietary Funds
Sewer Nonmajor
Convention Parking Revenue Enterprise
Center Hotel Facilities Fund Funds
Net position,January 1,2013,
xsro. as previously reported $ (37,589,496) (4,751,032) 320,549,450 1,530,822
Change in accounting principle
adjustment required to adopt
�.. GASB No.65. (1,595,173) (275,936) (2,507,052) (2,429)
Net position,January 1,2013,
as restated $ (39,184,669) (5,026,968) 318,042,398 1,528,393
In November 2010, GASB issued Statement No. 61, The Financial Reporting Entity: Omnibus, an
amendment of GASB Statements No. 14 and No. 34. The objective of this statement is to improve
financial reporting for a governmental financial reporting entity. The requirements of
GASB Statement No. 14, The Financial Reporting Entity, and the related financial reporting
requirements of GASB Statement No. 34, Basic Financial Statements — and Management's
Discussion and Analysis—for State and Local Governments,were amended to better meet user needs
and to address reporting entity issues that have arisen since the issuance of those statements. The
guidance was effective and was adopted by the City for the year ending December 31, 2013. The
adoption of this standard did not have a material impact to the financial statements.
In March 2012, GASB issued Statement No. 66, Technical Corrections. The objective of this
statement is to improve accounting and financial reporting for a governmental financial reporting
entity by resolving conflicting guidance that resulted from the issuance of previous pronouncements.
The provisions of this statement are effective for the City for the year ending December 31, 2013.
The adoption of this standard did not have a material impact to the financial statements.
New Accounting Pronouncements Not Adopted
In June 2012, GASB issued Statement No. 67, Financial Reporting for Pension Plans. The objective
of this statement is to improve financial reporting by state and local governmental pension plans.
44 (Continued)
CITY OF OMAHA,NEBRASKA ooxN^�Fa
Notes to Basic Financial Statements
December 31, 2013
O'TEu eee��'j
This Statement results from a comprehensive review of the effectiveness of existing standards of
accounting and financial reporting for pensions with regard to providing decision-useful information,
supporting assessments of accountability and interperiod equity, and creating additional
transparency. The provisions of this statement are effective for the City is pension trust funds for the
year ending December 31. 2014.
In June 2012, GASB issued Statement No. 68,Accounting and Financial Reporting for Pension. The
primary objective of this statement is to improve accounting and financial reporting by state and
local governments for pensions. In November 2013, GASB issued Statement No. 71, Pension
Transition.for Contribution Made Subsequent to the Measurement Date-an amendment of GASB
Statement No. 68. The objective of this Statement is to address an issue regarding application of the
transition provisions of Statement No. 68, Accounting and Financial Reporting for Pensions. The
issue relates to amounts associated with contributions, if any, made by a state or local government
employer or nonemployer contributing entity to a defined benefit pension plan after the measurement
date of the government's beginning net pension liability. The provisions of these statements are
effective for the City for the year ending December 31, 2015.
In January 2013, GASB issued Statement No. 69, Government Combinations and Disposals of
Government Operations. This statement establishes accounting and financial reporting standards
related to government combinations and disposals of government operations. The provisions of this
statement are effective for the City for the year ending December 31, 2014.
In April 2013, GASB issued Statement No. 70, Accounting and Financial Reporting for
Nonexchange Financial Guarantees. The objective of this statement is to improve accounting and
financial reporting by state and local governments that extend and receive nonexchange financial
guarantees. The provisions of this statement are effective for the City for the year ending
December 31, 2014.
The City has not completed its assessment of the impact of the adoption of these statements.
(r) Use of Estimates
The preparation of the financial statements in conformity with U.S. generally accepted accounting
principles (GAAP) requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the
financial statements, and the reported amounts of revenues and expenditures/expenses during the
reporting period. Actual results could differ from those estimates.
45 (Continued)
CITY OF OMAHA,NEBRASKA e,„,. .."`
'r
Notes to Basic Financial Statements ,',e.,;la,,
o o^ue, ,.M1_
December 31,2013 4.P f WO
(2) Interfund Receivables,Payables,and Transfers
Individual interfund receivables and payables at December 31, 2013 are as follows:
Receivable fund Amount Payable fund
— Debt Service Fund $ 4,000,000 Nonmajor Governmental Funds
Sewer Revenue Fund— 14,400,000 General Fund
Major Enterprise Fund
Nonmajor Governmental Funds 9,500,000 General Fund
glakil
Nonmajor Enterprise Funds 40,000 Convention Center Hotel Fund—
Major Enterprise Fund
All remaining balances result from the time lag between the dates that(1)interfund goods and services are
provided or reimbursable expenditures occur, (2)transactions are recorded in the accounting system, and
(3)payments between funds are made. All amounts are expected to be paid within one year.
Transfers are related to funding for capital projects, lease payments, debt service, or reallocations of
special revenues. The following schedule briefly summarizes the City's transfer activity:
Transfer in
Major Enterprise Funds
General Nonmajor Nonmajor Sewer Parking
.~~ Transfers out fund governmental enterprise revenue facilities Total
Major governmental funds:
General fund $ — 189,983 — — 506,731 696,714
m-. Major enterprise funds:
Sewer revenue 50,000 — — — — 50,000
Parking facilities — 1,184 — — — 1,184
Nonmajor enterprise funds — — 4,000 — — 4,000
„_, Nonmajor governmental 110,190 6,727,152 — 42,772 16,698 6,896.812
Total $ 160,190 6,918,319 4,000 42,772 523,429 7,648,710
46 (Continued)
CITY OF OMAHA,NEBRASKA `OMX'�F
Notes to Basic Financial Statements- '�''
December 31, 2013
wO A-EU Ff SS"'
(3) Deposits and Investments
The City has generally pooled the cash resources of the various funds, except the pension trust fund, for
investment purposes. Interest earned on pooled funds is credited to the City's general fund in accordance
with Nebraska State Statute Section 77-2315, R.R.S. 1943.
(a) Summary
The following is a complete listing of deposits and investments of the City, excluding the pension
trust funds, at December 31, 2013:
Investment type Fair value
Deposits $ 83,130,066
Pooled investments 113,148,371
Trustee accounts:
Cash and cash equivalents 18,977,411
Investments 12,222,420
Imprest funds 54,996
$ 227,533,264
The deposits and investments of the City, excluding the pension trust funds, at December 31, 2013,
are reflected in the financial statements as follows:
Fiduciary
Government funds
wide statement statement of
Investment type of net position net position Total
Cash and pooled investments $ 59,950,907 14,579,483 74,530,390
Investments 99,591,501 1,168,831 100,760,332
Restricted deposits with trustee 31,199,831 — 31,199,831
Restricted investments 21,042,711 — 21,042,711
$ 211,784,950 15,748,314 227,533,264
(b) Deposits
Custodial credit risk is the risk that in the event of a bank failure, the City will not be able to recover
its deposits. The City's policy requires that all funds on deposit with any financial institution be
secured with securities equal or greater than the deposit less any amount insured by the FDIC. As of
December 31, 2013, all of the City's deposits were collateralized with securities held by the City's
agent in the City's name.
(c) City Investments
Investments are stated at fair value. City funds are invested in conformity with the public funds
Security Act, Chapter 77, Article 23, specifically 77-2387, of the Nebraska Revised Statutes.
47 (Continued)
CITY OF OMAHA,NEBRASKA
Notes to Basic Financial Statements },e
December 31, 2013 °PE,.
Allowable investments include U.S. government bonds, U.S. Treasury bills and notes, U.S. agency
bonds and notes, certain state and political subdivision bonds, repurchase agreements, warrants of
the State of Nebraska and Nebraska political subdivisions, and certain instruments of the FHLM,
federal farm credit system, FHLB, FNMA, and the Small Business Administration. The government
money market mutual fund consists of only those securities that are allowed by N.R.S. 77-2387.
Custodial Credit Risk — Custodial credit risk is the risk that, in the event of the failure of the
counterparty, the City would not be able to recover the value of its investments or collateral
securities that are in the possession of an outside party. The City's investment policy also requires
that all investment securities be held in the City's name in the City's safekeeping account.
Interest Rate Risk — Interest rate risk is the risk that the fair value of the City's investments will
�.. decrease as a result of an increase in interest rates. The City's investment policy related to maturity is
as follows: U.S. Treasury securities cannot exceed five years; zero coupon or stripped coupon
U.S. Treasury notes or bonds cannot exceed two years; certificates of deposit issued by commercial
vmdmoe
banks cannot exceed 30 months; and all other investments not mentioned above cannot exceed a
five-year maturity from the date of purchase.
The City had the following maturities for pooled investments:
Investment term
Less than
Investment type Fair value 1 year 1-5 years
U.S. agencies $ 104,694,999 14,174,250 90,520,749
U.S. Treasuries 8,453,372 8,404,311 49,061
$ 113,148,371
The City had the following maturities for investments held by trustees:
Investment term
Less than
Investment type Fair value 1 year 1-5 years
U.S. agencies $ 12,089,920 2,633,973 9,455,947
U.S. Treasuries 132,500 — 132,500
$ 12,222,420
Credit Risk—Credit risk is the risk that the City will not recover its investments due to the inability
of the counterparty to fulfill their obligation. State statute limits investment options to certain
specific investment vehicles. There is no statutory requirement for investments to meet a certain
quality rating.
48 (Continued)
CITY OF OMAHA,NEBRASKA f&MIA ,
,f
Notes to Basic Financial Statements � `I '
o. Cris 1
December 31, 2013
b - «yry.
Tfl)PF.ePJw
The pooled investment's quality rating is as follows:
Quality
Investment type Fair value rating AAA
U.S. agencies $ 104,694,999 AAA
U.S. Treasuries 8,453,372 AAA
$ 113,148,3 71
The deposits with trustees' quality rating are as follows:
Quality
Investment type Fair value rating AAA
U.S. agencies $ 12,089,920 AAA
U.S. Treasuries 132,500 AAA
$ 12,222,420
Concentration of Credit Risk — Concentration of credit risk is the risk of loss attributed to the
magnitude of the City's investment in a single issuer. State statute does not restrict the concentration
of investment in any issuer. The City's policy states that no more than 25% of the total portfolio will
be invested in the issuance of any single institution other than securities of the U.S. government and
its agencies.
Concentrations of investment by issuer for pooled investments are displayed in the following table:
Investment type Fair value Percentage
U.S. agencies $ 104,694,999 93%
U.S. Treasuries 8,453,372 7
$ 113,148,371
Concentrations of investment by issuer for deposits held by trustees are displayed in the following
table:
Investment type Fair value Percentage
U.S. agencies $ 12,089,920 99%
U.S. Treasuries 132,500 1
$ 12,222,420
Foreign Currency Risk — Foreign currency risk is the risk that changes in exchange rates will
adversely impact the fair value of an investment. The City does not have a policy related to foreign
currency risk.
49 (Continued)
CITY OF OMAHA,NEBRASKA °""HA
Notes to Basic Financial Statements 1)u
1;VA i .
December 31, 2013 �°�TEUpf. ' `
(d) Pension Trust Funds
The pension trust funds consist of two funds: the Civilian Plan and the Uniformed Plan. These
pension programs operate in compliance with Omaha Municipal Code Chapter 22 and Nebraska
State Statute 30-3209. City pension funds are invested according to a plan developed and reviewed
.� quarterly by each plan's Investment Committee. The plans define the purposes of the assets, identify
the parties responsible for managing the investment process, establish both broad and specific
guidelines for the investment of the fund's assets, and establish criteria to monitor and evaluate the
performance of the investment managers. The plan authorizes investments in common and preferred
stocks, corporate bonds, cash equivalent securities, certificates of deposits of insured institutions,
money market funds, bank short-term investment funds, GICs, BICs, and government bonds. They
can be in mutual funds or privately managed accounts.
Interest Rate Risk—The Pension Board of each plan with the recommendation from the respective
Investment Committee approves fund manager agreements. These management agreements outline
specific investment policies each manager must adhere to. The Retirement Committees do restrict
the general asset allocation to fixed income. The Uniformed Plan fund's target range for fixed
income assets is between 13% and 27% of the portfolio value and the Civilian Plan fund's range is
. . between 13% and 28%. Updated Investment Guidelines were adopted by each Pension Board in
2013. Fixed income investments are held in seven accounts managed by five managers:
$133,667,000 in managed accounts and $31,148,992 in one bond mutual fund. Maturities of the
securities in these commingled funds are as follows:
Managed accounts
Maturity range(years)
Less than
Investment type 1 year 1-5 6-10 10+
U.S.Treasuries 0.9% 4.4% 1.2% 2.0%
U.S. agencies 0.4 3.3 3.3 1.5
Municipal bonds — 0.1 1.1 1.3
Corporate bonds 2.7 33.4 39.4 5.0
Bond mutual funds
Percentage
Maturity of total
0-1 years 12.3%
1-5 years 57.3
6-10 years 30.4
10+years
Credit Risk— Credit risk involves the potential of loss of fair value due to the quality of the fixed
income investments. The Investment Committees of each plan monitor and select fixed fund
managers based on an investment policy that diversifies the plan's risks. Each manager employs a
varying type of investment style. Fixed income investments are held in seven accounts and are
50 (Continued)
CITY OF OMAHA,NEBRASKA FpMHe,Nye
�i. IA\
Notes to Basic Financial Statements
December 31, 2013
M1
•b�TFU if 11JF'
managed by five managers: $133.7 million in managed accounts and $31.2 million in bond mutual
funds. The quality ratings of the securities in these commingled funds are as follows:
Managed accounts
Percentage
Investment type Ratings of total
U.S. Treasuries AAA 8.5%
U.S. agencies AAA/AA+ 8.1
Municipal bonds AAA/A3 2.5
Corporate bonds AAA/A3 17.7
U.S. agencies BAA1/BBB 0.9
Corporate bonds BAA 1/BBB 53.3
Corporate bonds N/R 9.2
Bond mutual funds
Percentage
Rating of total
TSY/AGY 11.0%
AAA/Aaa 13.3
AA+/A3
4.0
BBB/Ba2 59.3
N/R
12.3
Concentration of Credit Risk—Fixed income securities guidelines are governed by each manager's
individual management contract. This allows a wide variety of management styles, thus diversifying
each portfolio. Combined target allocation for fixed income securities shall be 13% to 27% of the
portfolio. Domestic equity investments shall be 18% to 38% of the portfolio and international
equities shall be 15% to 32% of the portfolio. Domestic real estate securities shall be 11% to 23% of
the portfolio. They may be held individually or commingled in mutual funds and investment pools.
There are no individual investments greater than 5% with a single issuer.
51 (Continued)
CITY OF OMAHA,NEBRASKA °"AnA4,01.441
alli7F,M1 gal;
Notes to Basic Financial Statements
December 31, 2013 A°�'rE°ppexun�y~
Percentage
Investment type Fair value allocated
Government securities $ 27,664,735 3.4%
Municipal issues 3,281,763 0.4
Corporate bonds 131,729,414 13.5
Domestic equities 241,945,020 29.7
International equities 179,631,904 22.0
Domestic real estate securities 150,048,089 18.4
International real estate 2,964,907 0.4
Commodities 18,051,393 2.2
Private equity 23,380,733 2.9
Hedge funds 19,294,330 2.4
Cash and cash equivalents 16,221,510 4.7
Total $ 814,213,798 100.0%
Foreign Currency Risk — The City is exposed to foreign currency risk related to international
equities. Foreign currency risk is the risk that changes in exchange rates will adversely impact the
fair value of an investment. The City does not have policy related to foreign currency risk. All
international equities are denominated in U.S. dollars.
(4) Net Position/Fund Balances
The government-wide and proprietary fund financial statements utilize a net position presentation. Net
position are categorized as net investment in capital assets, restricted, and unrestricted.
• Net Investment in Capital Assets — This category groups all capital assets, including infrastructure,
into one component of net position. Accumulated depreciation and outstanding balances of debt that are
attributable to the acquisition, construction, or improvement of these assets reduce the balance in this
category.
• Restricted Net Position — This category presents external restrictions imposed by creditors, grantors,
contributors, or laws or regulations of other governments and restrictions imposed by law through
constitutional provisions or enabling legislation.
•Debt Service—This fund is restricted for resources for, and the payment of, general long-term debt
principal,interest, and related costs.
•Community Improvement—These funds are restricted to comply with City ordinances requiring a
three million dollar bond reserve for the Convention Center Hotel Revenue Bonds and a reserve of
fund interest earnings from Keno revenues.
•Perpetual care—These funds are used to report resources that are legally restricted to the extent that
earnings, and not principal, may be used for purposes that support the City's programs for the benefit
of the City or its citizenry.
• Unrestricted Net position — This category represents net position of the City not restricted for any
project or other purpose.
52 (Continued)
CITY OF OMAHA,NEBRASKA ivar Nfe
Notes to Basic Financial Statements
December 31, 2013
^rtu reso��
Under GASB Statement No. 54, the governmental funds report up to five categories of fund balance.
Ranging from the most restrictive to the least restrictive, they are: nonspendable, restricted, committed,
assigned, and unassigned.
• Nonspendable Fund Balances — Nonspendable fund balances are amounts that cannot be spent
because they are either not in spendable form or legally or contractually required to be maintained
intact.
• Restricted Fund Balances — Restricted fund balances represent amounts constrained by creditors,
grantors, contributors or laws, and regulations of other governments, or limitations are imposed by
law through constitutional provisions or enabling legislation.
• Committed Fund Balances — Committed funds can only be used for specific purposes pursuant to
constraints imposed by the highest level of decision making, which is the City Council. Only the
City Council,through an ordinance or resolution, can change any fund balance commitment.
• Assigned Fund Balances — Assigned fund balances are intended for specific purposes. All
assignments of contracts and purchase orders over $20,000 are approved by the City Council. A
resolution passed by the City Council would explicitly state the specific purpose for the use of funds.
Management can assign funds through the purchasing process in conjunction with the Finance
Department.
• Unassigned Fund Balance — Unassigned fund balance is the residual classification for the general
fund. In nonmajor governmental funds, if expenditures incurred for specific purposes exceeded the
amounts restricted, committed, or assigned to those purposes, it may be necessary to report a
negative unassigned fund balance.
53 (Continued)
s�Yk
CITY OF OMAHA,NEBRASKA °<°"�. "`°�,,
, _
:0
Notes to Basic Financial Statements �_+�,��'�
December 31, 2013 %rf°„„„
Fund balances are classified as nonspendable, restricted, committed, assigned, or unassigned. The City
generally follows the same order in spending resources unless special circumstances apply. The following
provides details of the aggregate amounts displayed on the face of the governmental funds balance sheet:
Nonmajor Total
Debt governmental governmental
General service funds funds
Fund balances:
"` Nonspendable:
Inventory $ 2,301,101 — — 2,301,101
Permanent principal — — 2,775,389 2,775,389
"� Total nonspendable 2,301,101 — 2,775,389 5,076,490
Restricted:
General — — 4,332,396 4,332,396
Public safety — — 2,026,047 2,026,047
Transportation — — 9,754,546 9,754,546
Other public services — — 1,016,206 1,016,206
"" Community development — 2,761,845 2,761,845
Culture and parks 853,190 — 4,185,595 5,038,785
Debt service — 15,246,819 3,289,853 18,536,672
— Total restricted 853,190 15,246,819 27,366,488 43,466,497
Committed:
,— General — — 7,401,265 7,401,265
Transportation — — 2,907,113 2,907,113
Other public services — — 6,925,652 6,925,652
Community development — — 658,447 658,447
—
Culture and parks — 2,701,085 2,701,085
Total committed — — 20,593,562 20,593,562
"` Assigned:
General 567,671 — 596,334 1,164,005
Public safety 154,095 — 2,393,220 2,547,315
— Transportation 69,926 — — 69,926
Community development 56,435 — — 56,435
Culture and parks — — 1,608,086 1,608,086
Other public services — —
.�
134,446 134,446
Total assigned 848,127 — 4,732,086 5,580,213
Unassigned 52,622,429 — (9,824,485) 42,797,944
Total unassigned 52,622,429 — (9,824,485) 42,797,944
Total all funds $ 56,624,847 15,246,819 45,643,040 117,514,706
— 54 (Continued)
CITY OF OMAHA,NEBRASKA
M X
i;;
Notes to Basic Financial Statements �►�;�.��;
December 31, 2013
oy^rfu FeeN��j~
(5) Reconciliation of government-wide and fund financial statements
(a) Explanation of Certain Differences between the Governmental Funds Balance Sheet and the
Government-Wide Statement of Net Position
The governmental funds balance sheet includes reconciliation between fund balance — total
governmental funds and net position of governmental activities as reported in the government-wide
statement of net position. One element of that reconciliation explains, "Long-term liabilities,
including bonds payable and pension obligations, are not due and payable in the current period and,
therefore, are not reported in the funds."The details of the $1,237,303,736 difference are as follows:
Bonds payable $ 586,592,195
Less issuance discounts (378,860)
Plus issuance premiums 37,192 585
Deferred outflows of resources- loss
on refunding of bonds (31,384,132)
Lease-purchase contracts payable 116,627,255
Notes payable 2,802,073
Contracts payable 9,475,500
Grant payable 15,813,750
Accrued interest payable 6,520 540
Workers' compensation and
healthcare claims 41,188,398
Net pension obligation 219,701,396
Net OPEB obligation 163,884,602
Claims and judgments payable 1,960,000
Compensated absences 67,308,434
Net difference $ 1,237,303,736
(b) Explanation of Certain Differences between the Governmental Funds Statement of Revenues,
Expenditures,and Changes in Fund Balances and the Government-Wide Statement of
Activities
The governmental funds statement of revenues, expenditures, and changes in fund balances includes
reconciliation between net change in fund balances — total governmental funds and change in net
position of governmental activities as reported in the government-wide statement of activities. One
element of that reconciliation explains, "Governmental funds report capital outlays as expenditures.
However, in the statement of activities, the cost of those assets, which exceeds the capitalization
threshold, is allocated over their estimated useful lives and reported as depreciation expense." The
details of this $2,590,102 differences are as follows:
Capital outlay $ 41,896,199
Depreciation expense (39,306,097) �
Net difference $ 2,590,102
55 (Continued)
CITY OF OMAHA,NEBRASKA °Wald
Frl,lt+ '�7M
Notes to Basic Financial Statements oo
December 31, 2013 P,tt
Another element of that reconciliation states, "The issuance of long-term debt (e.g., bonds, leases,
etc.) provides current financial resources to governmental funds, where as the repayment of the
principal of long-term debt consumes the current financial resources of governmental funds.Neither
transaction, however, has any effect on net position. Also, governmental funds report the effect of
premiums, discounts, and similar items when debt is first issued, whereas these amounts are
advanced and amortized in the statement of activities." The details of this $35,946,806 difference are
as follows:
Debt issued or incurred:
Issuance of long-term debt $ (26,048,783)
Premium of issued debt (1,323,467)
Gain on refunding (466,031)
Amortization of deferred items 710,040
Principal repayments 51,224,548
Payment on contracts payable 955,499
Current refunding 10,895,000
Net difference $ 35,946,806
Another element of that reconciliation states, "Some expenses reported in the statement of activities
do not require the use of current financial resources and, therefore, are not reported as expenditures
in governmental funds." The details of this($46,141,221)difference are as follows:
Grants payable $ (50,000)
Workers' compensation and health
claims (2,444,402)
Claims and judgments payable (10,000)
Net pension obligation (17,966,739)
Postretirement benefits obligation (26,691,008)
Accrued interest 469,492
Compensated absences 551,436
Net difference $ (46,141,221)
(6) Special Assessment Note Payable
The City did not obtain a special assessment note payable in fiscal year 2013,as there were sufficient funds
available to fund the current requirements in the special assessment fund for the purpose of meeting
obligations to contractors for work in place that will ultimately be assessed to the benefited property
owners.
56 (Continued)
CITY OF OMAHA,NEBRASKA °µ XHA�F
17, ,Ik>
Notes to Basic Financial Statements a° ',t
December 31, 2013
.quipo. _,
'op^ru r
f reee�v v
(7) Bonds Payable and Other Long-Term Obligations
The following is a summary of long-term liability transactions for the year ended December 31, 2013:
Balances at Issuances Retirements Balances at Amount due
January 1, or other or other December 31, within one
2013 additions reductions 2013 year
Governmental activities:
Bonds payable:
General obligation bonds $ 509.740,000 24.970.000 49.400,000 485.310.0(10 39.370.000 `
Annexed general obligation
bonds 7.054.764 — 2.334.764 4,720.000 500,000
Special tax revenue bonds 40.580.000 — 3.130.000 37,450.000 2,765,000
Special obligation bonds 59.432,065 — 1.809.870 57,622,195 2,272.790
Revenue bonds 1.675,000 — 185.000 1.490,000 195.000
Deferred amounts:
Unamortized premiums 39.441.231 1.323.467 3.572.113 37,192.585
Unamortized discounts (398.176) — (19.316) (378.860) —
Total bonds payable 657.524.884 26.293.467 60.412.431 623.405.920 45.102,790
Lease-purchase contracts
payable 120.663.184 835.000 4,870.929 116,627.255 6,011,640
Notes payable 2,947,275 243.783 388,985 2,802,073 422.568
Contracts payable 10.431.000 — 955.500 9.475.500 984.000
Grants payable 15.763.750 2.400.000 2.350,000 15,813.750 2,435.250
Compensated absences 67.859.870 — 551.436 67.308,434 3.365.421
Workers'compensation and
healthcare claims 38,743,996 2.444.402 — 41,188,398 14,090,356
Claims and judgments payable 1,950.000 10.000 — 1.960.000 1,960,000
Net pension obligation 201.734.657 17.966.739 — 219.701.396 —
Postretirement benefit
obligation 137.193.594 26,691,008 — 163.884.602 —
Total governmental
long-term
liabilities 1,254.812,210 76.884.399 69.529.281 1.262.167,328 74,372.025
Business-type activities:
Convention Center Hotel:
Revenue bonds 145.325.000 1.160.000 144.165.000 1.340.000
Deferred amounts:
Unamortized premium 2.531,156 — 118.417 2.412.739 —
Unamortized discount (233.601) — (8,356) (225.245) —
147.622.555 — 1.270.061 146.352.494 1,340.000
57 (Continued)
CITY OF OMAHA,NEBRASKA �°""{HF�"`
�,er , „
Notes to Basic Financial Statements oyn��;,=,
December 31, 2013 �•.rF ,-•y
p"eF
Balances at Issuances Retirements Balances at Amount due
January 1, or other or other December 31, within one
,,, 2013 additions reductions 2013 year
Parking Facilities Fund:
Lease-purchase contracts
payable $ 36,420,000 1,720,000 4,335,000 33,805,000 2,700,000
Deferred amounts:
Unamortized premium 31,922 - 16,269 15,653 -
Unamortized discount (5,167) - (954) (4.213)
».. Accrued compensated
absences 346 34.277 - 34,623 1,731
Workers'compensation
and healthcare claims 16,463 136.882 - 153.345 52.459
Net pension obligation 46,740 638,550 - 685,290 -
Postretirement benefit
obligation 41,366 557,151 - 598.517
,-, 36,551,670 3,086.860 4,350,315 35,288,215 2,754,190
Sewer Revenue Fund:
Revenue bonds 302,755,000 - 9,195,000 293,560,000 7,700,000
01* Deferred amounts:
Unamortized premium 11,577,079 - 408,484 11,168,595 -
Notes payable 13,455,786 - 592,735 12,863,051 603,104
Special obligation bonds 17,252,935 - 935,130 16,317,805 952,210
- Deferred amounts:
Unamortized premium 229.380 - 7,908 221.472 -
Compensated absences 1,619,254 1,889 - 1,621,143 81,057
Workers'compensation
and healthcare claims 1,827,315 56,634 - 1,883,949 644,490
Net pension obligation 7,131.722 1,720,905 - 8,852,627
Postretirement benefit
obligation 6,311,529 1,420,162 - 7,731,691 -
362,160,000 3,199,590 11,139,257 354,220.333 9,980,861
Nonmajor enterprise activities:
- Lease-purchase contracts
payable 345,000 - 25,000 320,000 25,000
Deferred amounts:
Unamortized premium 1,701 - 156 1.545 -
- Compensated absences 347,072 13,429 - 360,501 18,024
Workers'compensation and
healthcare claims 563.833 51,400 23,761 591.472 202,340
Net pension obligation 1,550,849 362,635 - 1,913,484 -
,. Postretirement benefit
obligation 1,372,493 298,702 - 1,671.195 -
4,180,948 726,166 48,917 4,858,197 245.364
Total enterprise
activities 550,515,173 7,012.616 16,808,550 540,719.239 14,320,415
Total all funds $ 1,805.327,383 83.897,015 86,337,831 1,802.886,567 88,692,440
58 (Continued)
CITY OF OMAHA,NEBRASKA (°w.N,.8fe
Notes to Basic Financial Statements �.t
o. .
December 31, 2013 ^'
(a) Governmental Activities
Bonds payable at December 31, 2013 comprises the following individual issues:
General Obligation Bonds
Effective
interest rate First
Original payable Series date December 31,
Amount issued Issue semiannually due callable 2013
$ 205,875,000 04/01/04 G.O.-defeasance bonds 5.25%-5.25% 2004-2027 2014 $ 188.560.000
31,660.000 04/01/04 Various purpose-refund
series 2.00%-4.50% 2004-2024 2014 7,265,000
42.800.000 11/15/05 Various purpose-refund
series 4.00%--4.75% 2006-2025 2015 4.280,000
26,625.000 10/15/06 Various purpose-refund
series 4.00%-4.25% 2007-2026 2016 11,860.000
46,785.000 10/15/07 Various purpose-refund
series 4.00%-4.75% 2008-2027 2017 31,190.000
75.540,000 7/24/08 Various purpose-refund
series 3.75%-5.00% 2009-2025 2018 54,545,000
17,880,000 10/30/08 G.O.-defeasance bonds 5.00%-5.75% 2009-2028 2018 13.410,000
37,050.000 04/16/09 G.O.-defeasance bonds 3.625%--5.00% 2010-2025 2019 16,450.000
7.440,000 10/15/09 Various purpose 2.00%-3.00% 2010-2017 none 3,720.000
11,160.000 10/15/09 Various purpose 4.229%-5.721% 2018-2029 2019 11,160.000
8.510,000 10/15/09 G.O.-defeasance bonds 2.00%-5.00% 2010-2026 2019 5.895,000
35,950.000 11/10/10 G.O.-defeasance bonds 2.00%-4.50% 2011-2030 2020 27,490.000
8.500.000 11/18/10 Various purpose 0.70%-5.00% 2011-2030 2020 7.225,000 w.,.
13,310.000 10/13/11 Various purpose I.25%-4.125% 2012-2031 2020 11.980,000
9.525,000 10/13/I 1 G.O.-defeasance bonds 2.00%3.30% 2021-2025 2020 7,525.000
27,170.000 10/12/12 Various purpose-refund
series 3.00%-4.125% 2013-2032 2022 25,920,000
32,040.000 10/12/12 G.O.-defeasance bonds 3.00%-4.00% 2013-2028 2022 31,865,000
24,970.000 9/26/13 Various purpose-refund
series 2.75%-5.00% 2014-2033 2023 24,970.000
Total general obligation bonds 485,310,000
Annexed General Obligation Bonds
1.420.000 01/01/11 S.1.D.#354 1.15%---4.00% 2012-2022 2016 1.210,000
1.200,000 03/15/11 5.1.0.#244 1.50%--4.10% 2013-2021 2016 1,110,000
350,000 05/01/11 S.1_D.#300 1.55%-3.85% 2013-2021 2016 325.000
1,740,000 01/15/11 S.I.D.#370 1.30%-3.40% 2012-2019 2016 1.335.000
885.000 10/11/11 S.I.D.4416 1.10%-3.50% 2012-2021 2016 740,000
I annexed general obligation bonds 4.720.000
Total general obligation and annexed area bonds $ 490,030,000
ter.
59 (Continued)
CITY OF OMAHA,NEBRASKA °µ.N,"`
untie Ei.,
Notes to Basic Financial Statements �:,5,
December 31, 2013 °<rE ,,„,'"-
Governmental Activities—Special Tax Revenue Bonds
Effective
,. interest rate First
Original payable Series date December 31,
Amount issued Issue semiannually due callable 2013
$ 20,325,000 09/01/04 Performing Arts Complex
Redevelopment Bonds 2.50%-5.00% 2005-2024 2014 $ 1,510,000
1,095,000 12/20/07 Homeland Redevelopment
Project Series 2007A 4.00%--4.25% 2007-2016 None 505,000
4,075,000 12/20/07 Various Projects
"" Redevelopment Series 2007 3.60%-5.13% 2007-2027 2017 4,060,000
4,865,000 11/13/08 Special Tax Revenue
Redevelopment Series 2008 4.00%-5.25% 2009-2028 2018 4,000,000
5,170,000 10/29/09 Special Tax Revenue
,-. Redevelopment Taxable
Series 2009A(BAB) 1.159%-6.022% 2010-2029 2019 4,770,000
3,225,000 03/01/12 Special Tax Revenue
Refunding Series 2012 2.00%-4.00% 2012-2018 None 2,275,000
8,690,000 03/01/12 Special Tax Revenue
..° Refunding Series 2012A 2.00%-5.00% 2013-2032 None 8,545,000
11,785,000 10/25/12 Special Tax Revenue
Refunding Series 2012 2.00%-4.00% 2015-2024 None 11,785,000
$ 37,450,000
Governmental Activities—Special Obligation Bonds
Effective
"` interest rate First
Original payable Series date December 31,
Amount issued Issue semiannually due callable 2013
$ 38,535,000 03/25/08 Riverfront Redevelopment
Refund Series 2008 4.00%-6.40% 2009-2026 None $ 35,725,000
23,152,065 03/01/13 Riverfront Redevelopment
Refund Series 2012 2.00%—5.00% 2013-2032 2022 21,897,195
... $ 57,622,195
Governmental Activities—Revenue Bonds
.,,4, Effective
interest rate First
Original payable Series date December 31,
Amount issued Issue semiannually due callable 2013
$ 760,000 03/01/04 Highway Allocation 1.20%-3.65% 2004-2014 2009 $ 160,000
1,420,000 09/30/06 Highway Allocation 3.85%-4.45% 2007-2026 2011 1,330,000
$ 1,490,000
60 (Continued)
CITY OF OMAHA,NEBRASKA &Aft&NF
i %,�i;:
Notes to Basic Financial Statements _Miiit;
;WZ cr Ines i
December 31, 2013 'i,,; ,-,'
-”-to FEW''
(b) Business-Type Activities
Revenue bonds payable at December 31, 2013 comprises the following individual issues: ..__
Original payable Series date December 31,
Amount issued Issue semiannually due callable 2013
$ 53.170.000 11/15/06 Sanitary Sewer System
Revenue Bonds Series 2006 4 00%-4 50% 2006-2036 2016 $ 46,960,000
109,750,0(10 05/15/07 Convention Center Hotel
Revenue.Series 2007A 4.00%-5.00% 2010-2035 2017 107,165.000
37.000,000 12/15/10 Convention Center Hotel
Revenue,Series 2010B(BAB) 3.905%7.125% 2016-2040 2021 37,000,000
29,975,000 12/10/09 Sanitary Sewer System
Revenue Series 2009B(BAB) 1.04%-6.153% 2010-2039 2019 27 295,000
33,800.000 11/18/10 Sanitary Sewer System Refunding
Revenue,Series 2010A 2.00%-3.625% 2011-2026 2010 25.005,000
34.079.570 11/18/10 Sanitary Sewer System
Revenue,Series 2010B(RZDB) 0.993%-5.076% 2011-2040 2010 31.615,000
69,560.000 12/01/1 1 Sanitary Sewer System
Revenue Series 2011 2.00%-5.00% 2012-2041 2021 67,130.000
97,650.000 12/31/12 Sanitary Sewer System
Revenue Series 2012 2.00%-5.00% 2013-2042 2022 95.555.000
$ 437.725,000
Special Obligation Bonds-Business-Type Activities(Sewer Revenue Fund)
Effective
interest rate First
Original payable Series date December 31,
Amount issued Issue semiannually due callable 2013
$ 17,252,935 03/01/12 Riverfront Redevelopment
Project Series 2012 2.00%-5.00% 2013-2032 2022 $ 16,317.805
$ 16,317,805
As of December 31, 2013, the bonds payable debt service requirements of the City for principal and
interest in future years are as follows:
Governmental activities
Principal Interest Total
Year ending December 31:
2014 $ 45,102,790 26,140,275 71,243,065
2015 43,194,020 24,302,873 67,496,893
2016 43,877,615 22,577,656 66,455,271
2017 42,427,670 20,758,699 63,186,369
2018 41,180,000 18,878,959 60,058,959
2019-2023 194,295,000 66,502,712 260,797,712
2024-2028 145,099,425 22,249,297 167,348,722
2029-2033 31.415,675 2,622,879 34,038,554
$ 586,592,195 204,033,350 790,625,545
61 (Continued) .
CITY OF OMAHA,NEBRASKA °"}�""`
Notes to Basic Financial Statements Fp%� ,
December 31, 20131.*,W
Business-type activities
Principal Interest Total
Year ending December 31:
2014 $ 9,992,210 20,714,130 30,706,340
2015 9,730,980 20,429,016 30,159,996
2016 10,857,385 20,089,957 30,947,342
2017 11,327,330 19,703,616 31,030,946
2018 11,510,000 19,275,281 30,785,281
2019-2023 66,810,000 88,631,766 155,441,766
2024-2028 86,170,575 71,350,744 157,521,319
2029-2033 106,994,325 48,411,436 155,405,761
2034-2038 98,335,000 22,017,112 120,352,112
2039-2042 42,315,000 4,075,332 46,390,332
$ 454,042,805 334,698,390 788,741,195
General obligation bonds have been approved by the voters and issued by the City for various
municipal improvements. These bonds represent indebtedness supported by the full faith and credit
of the City.
(c) Notes Payable
Notes payable consist of a loan contract between the City and the U.S. Army Corps of Engineers and
three loan contracts between the City and the Nebraska Department of Environmental Quality
(NDEQ) with interest rates ranging from 0% to 3%. This also includes a loan contract between the
City of Omaha and MECA.Maturities of the notes payable are as follows:
Governmental activities
Principal Interest Total
Year ending December 31:
2014 $ 422,568 107,060 529,628
2015 441,715 87,914 529,629
2016 461,754 67,875 529,629
2017 324,348 48,541 372,889
2018 175,817 40,332 216,149
2019-2023 975,871 104,877 1,080,748
$ 2,802,073 456,599 3,258,672
„ 62 (Continued)
CITY OF OMAHA,NEBRASKA Ee
Notes to Basic Financial Statements af.yit7'
December 31, 2013 .�'�
rEu ree>'"
Business-type activities
Principal Interest Total
Year ending December 31:
2014 $ 603,104 232.700 835,804
2015 613,672 221.712 835,384
2016 624,430 210,523 834,953 .
2017 635,385 199.128 834,513
2018 646.540 755,916 1,402,456
2019-2023 3,407,278 755,916 4.163,194
2024-2028 3,718,361 431,948 4,150,309
2029-2033 2,614,281 93,068 2,707.349
$ 12,863,051 2,900,911 15,763,962
(d) Grants Payable
The City has entered into various agreements with not-for-profit organizations to provide grant funds
as follows:
2014 $ 2,435.250
2015 2,525,200
2016 2,520,100
2017 1,920,200
2018 2,025,800
2019-2023 4,3 87,200
$ 15,813,750
(e) Tax Increment Financing Notes and Bonds
At December 31, 2013, $316,319,294 of tax increment financing notes and bonds were outstanding.
Tax increment financing allows cities to create special districts and to make public/private ,.�
improvements within those districts that will generate public/private-sector development. For a
period of 15 years, the tax base is frozen at the predevelopment level, and taxes generated from the
incremental increases in assessed value are remitted as payment on the notes and bonds. The loan
agreements between the City and developer expressly limit the City's commitment for debt
repayment to the incremental tax collected during the 15-year period. At the end of the 15-year
period, the tax jurisdiction collects on the increased property values. The related tax increment
districts are not component units of the City; therefore,the City is not liable for the outstanding debt.
The City's responsibility for this liability is limited only to remittance of paid taxes.
63 (Continued)
CITY OF OMAHA,NEBRASKA °01,14�
Notes to Basic Financial Statements
December 31, 2013 '440VF„'''.
J) Debt Margin/Covenants
According to the City Charter, the total amount of general obligation indebtedness (including
annexed area bonds) outstanding at any time, which shall include bonds issued, but shall not include
bonds authorized until they are issued, shall not exceed 3.5% of the actual value of taxable real and
personal property in the City. Debt margin as of December 31, 2013 is calculated as follows:
Debt limit $ 973,120,711
General obligation debt 490,030,000
Debt service fund balance 15,246,819
474,783,181
Debt margin $ 498,337,530
Revenue bonds and certain other long-term obligations are the obligation of specific enterprise funds
and are payable solely from the revenues of the respective funds. Provisions in the revenue bond
ordinances contain limitations and restrictions on annual debt service requirements, maintenance of
and flow of moneys through various restricted accounts, and minimum amounts to be maintained in
various accounts. It is management's opinion the City is in compliance with all such significant
provisions.
(g) In Substance Defeasance
On April 25, 2013, the City issued $1,720,000 of lease purchase bonds to provide resources to
purchase investment securities that were placed in an irrevocable trust for the purpose of generating
resources to all future debt service payments of$1,575,000 of lease purchase bonds. As a result, the
funded bonds are considered to be defeased and the liability has been removed from the
business-type activities column of the statement of net position. The reacquisition price exceeded the
net carrying amount of the old debt by $98,889. This refunding was undertaken to retire tax exempt
bonds issued for Park Seven, a city owned parking facility and replace the bonds with a taxable
issue. This will allow the City to convert a portion of the facility to private use. This refunding
resulted in an economic gain of$29,911.
64 (Continued)
CITY OF OMAHA,NEBRASKA
011!
Notes to Basic Financial Statements
December 31, 2013
O TEu FEsaJ*'yM1.
In prior years, the City defeased certain general obligation and other bonds by placing the proceeds
of new bonds in an irrevocable trust to provide for all future debt service payments on the old bonds.
Accordingly, the trust account assets and the liability for the defeased bonds are not included in the
City's financial statements. The amount of in substance defeased debt outstanding at December 31,
2013 is shown as follows:
General Obligation Bonds
2000 Convention Center Series A $ 86,680,000
2004 Various Purpose & Refunding 2004B 7,430,000
2005 Various Purpose& Refunding 2005A 21,400,000
115,510,000
General Obligation Bonds
S.I.D. #388 690,000
690,000
Total general obligation and
annexed area bonds 116,200,000
Special Tax Revenue Bonds
2001 Performing Arts Redevelopment 11,685,000
Lease Purchase Bonds
2006 Rosenblatt Stadium 1,120,000
2007 Rosenblatt Stadium 380,000
2005 Park 4, 5, and 7 Refunding Series A 1,245,000
Total lease purchase bonds 2,745,000
Total $ 130,630,000
(h) Current Refunding
On September 26, 2013, the City issued $10,645,000 of general obligation refunding bonds to
provide resources to call and retire $10,895,000 of general obligation bonds. The general obligation
bonds were called and retired on October 28, 2013, resulting in a current refunding, and the liability
was removed from the governmental activities column of the statement of net position. The net
carrying amount of the old debt exceeded acquisition price by $466,031. This refunding was
undertaken to reduce total debt service payments over the next eight years by $1,023,728 and
resulted in an economic gain of$984,000.
(8) Lease Purchase Contracts Payable and Contracts Payable
The City is leasing libraries and other facilities under noncancelable lease-purchase agreements expiring at
various times through 2036, at which time title will be conveyed to the City. The net book value of leased
assets is approximately $177.5 million. The rental payments are designed to equal the debt service
requirements of certain nonprofit organizations that financed the construction of the facilities. The City has
65 (Continued) ,
CITY OF OMAHA,NEBRASKA °µASA"`
Notes to Basic Financial Statements
December 31, 2013
an option to purchase the facilities at any time by paying an amount equal to the total of all remaining
unpaid lease obligations to the lessor at that time.
The following schedule reflects future minimum lease payments under the lease-purchase agreements and
contracts payable together with the present value of the net minimum lease payments as of December 31,
2013:
Governmental Business-type
activities activities
Fiscal year ending:
2014 $ 12,326,104 4,387,955
2015 12,300,884 4,405,563
2016 10,011,359 3,703,219
2017 9,072,865 3,699,127
2018 9,115,675 3,700,318
2019-2023 44,394,405 11,897,617
2024-2028 39,836,805 9,694,691
2029-2033 35,750,993 9,124,965
2034-2036 22,106,578 —
Total minimum lease payments 194,915,668 50,613,455
Less amount representing interest 68,812,913 16,488,455
Total principal obligation under capital leases
with rates of interest from 1.10%to 6.51% $ 126,102,755 34,125,000
Included in contracts payable is the City's lease for space in the Omaha Douglas Civic Center and the
adjoining Hall of Justice under a lease that expires only upon payment of all outstanding bonds of the
ODPBC. The annual rental payments are determined based upon actual space occupied by the City for
operation and maintenance.Actual rental payments for 2013 were $1,734,430.
66 (Continued)
CITY OF OMAHA,NEBRASKA �,` ,n.NFe
ir, g t
Notes to Basic Financial Statements ie,115
wi,frDecember 31, 2013 Nf' �'
'reu F,,,,,'�
(9) Receivables
Receivables at December 31, 2013 of the City's major funds and nonmajor funds in the aggregate,
including the applicable allowances for uncollectible accounts, are as follows:
Iota!
Total Parking business-
Debt Gosernmental gosernmental facilities Sesser tope
General sen ice nonmajor activities fund fund \onmajor actisities Total
Rceehables.
Propcm taxes $ 79.086084 3603 500 0.000.584 138.789 j68 -- .- - - 138.789,168
Telephone occupation tax 2808-010 -. - 2 808 010 -- -- - - T800 010
Hotel motel occupation tax 434.665 - - 434 665 -- - - - 434,665
Vehicle rental occupation tax 673 953 - 675953 075.953
Restaurant Tax 3 139 449 - 3.130449 3.150449
Cable TV and Gas franchise fee 1.373.720 - - 1 373729 1 573.729
MOD in lieu of tax 1 134(40 -. - I_134.640 - - - I.I34.610
OPPD in lieu of tax 70 596 30 660 5445 106.701 - - - - I06701
Motor reissue tax 862222 - -- 862 222 - - - - 862 222
Special assessment - 681.247 _990_155 3.671402 - - - -- 3.671 402
Donor's Trust - - 4.001U0.1O 4 000 OW -. - -- -- 4_000 UUP
MECA - - 2.256497 2 256497 - -- _. -_ 2 256497
Charges for sen nes mid other 2.156 257 - 10.327 856 12484.113 315_159 1.831 472 41.174 2.1%7.8055 14.671 918
R 91.741.605 54315.4117 25679.537 171736.549 315.159 1831.472 41.174 2 187805 173924.3554 "^
Governmental funds report advanced revenues as deferred inflow of resources in connection with
receivables for revenues not considered measurable and available to liquidate liabilities of the current
period. Resources received in advance of all eligibility requirements being met, other than time restrictions,
are reported as unearned revenue.
At December 31,2013.the various components of advanced revenue and unearned revenue are as follows:
Advanced Unearned
Property tax receivable(general fund) $ 79,086,084 40,553
Property tax receivable (debt service fund) 53,603,500 10,297
Special assessments(debt service fund) 681,247 —
Property tax receivable (nonmajor governmental funds) 6,099,584 1,707
Special assessments(nonmajor governmental funds) 3.555,938
Grants(general fund) 524,969 586,272
Grants(nonmajor governmental funds) 13,506,307 3.758,749
MECA (nonmajor governmental funds) 2,256,497 —
$ 159,314,126 4,397,578
(10) Employees' Retirement Plans
Substantially all City employees are covered by one of two single-employer contributory defined benefit
retirement plans. The City of Omaha Employees' Retirement System (the Civilian Plan) and the City of
Omaha Police and Firefighters Retirement System (the Uniformed Plan), as described as follows, are
accounted for by the City as pension trust funds.
67 (Continued)
CITY OF OMAHA,NEBRASKA °""nA
Notes to Basic Financial Statements
el Ous vD _h,
December 31, 2013 TE�.Fa,�F`
(a) Civilian Plan
Plan Description—The Civilian Plan is a single-employer contributory defined benefit pension plan.
The Civilian Plan provides retirement benefits to plan members and beneficiaries. All eligible City
employees, except the following, are covered by the plan: police; firefighters; persons paid on a
contractual or fee basis; seasonal, temporary, and part-time employees; and elected officials who do
not make written application. Cost-of-living adjustments are provided to members and beneficiaries
at the discretion of the City in accordance with plan provisions. A cost-of-living adjustment currently
is provided for members who retired prior to January 28, 1998 after a five-year waiting period. The
Pension Board of the City administers the Civilian Plan. The Pension Board is responsible for
establishing or amending plan provisions. The Civilian Plan does not issue separate financial
statements.
Funding Policy — Effective January 1, 2012, Civilian Plan members are required to contribute, by
payroll deduction, 10.08% of their annual covered salary and the City is required to contribute at a
rate of 11.78% of annual covered salary. Administrative costs for management of the investment
funds are financed through investment earnings. Other administrative costs of the Civilian Plan are
paid by the City's general fund. Contributions to the Civilian Plan totaled $6,173,254 for the
employees and $7,194,482 for the employer for the year ended December 31, 2013.
Participant Data
Membership of the Civilian Plan consists of the following at December 31, 2013:
Number of:
Active members 1,121
Service retirements 1,030
Surviving spouses and children 261
Disabled 79
Deferred vested 75
Total participants 2,566
The Civilian Plan is not subject to either the minimum funding standards of the Employee
Retirement Income Security Act of 1974 or the maximum funding standards of the Employee
Retirement Income Security Act of 1974 or the maximum funding limitations. Funding standards are
actuarially determined using the entry age normal cost method.
68 (Continued)
CITY OF OMAHA,NEBRASKA MAMA,
Notes to Basic Financial Statements ' '01'
December 31, 2013
rFU ffnRJ
The information presented in the notes to financial statements and required supplementary
information was determined as part of the actuarial valuation at the date indicated. Additional
information as of the latest actuarial valuation follows:
Valuation date January 1, 2013
Actuarial cost method Entry age normal method
Amortization method Level percent cost of pay
Remaining amortization period 19 years
Asset valuation method Expected +25%
75%of expected value,plus 25% of market value
Actuarial assumptions:
Investment rate of return 8%per year
Projected salary increases Varying 4%to 10%per year
Cost-of-living adjustments Lesser of 3% or$50 per month
Amortization period Closed
Annual Pension Cost and Net Pension Obligation —The City's annual pension cost and net pension
obligation to the Civilian Plan for the fiscal year ended December 31. 2013 are as follows:
Annual required contribution $ 17,406,168
Interest on net pension obligation 4,022,397
Adjustment to annual required contribution (3,781,184)
Annual pension cost 17 647,381
Contributions made (7,194,482)
Increase in net pension obligation 10,452,899
Net pension obligation, beginning of year (50,279,955)
Net pension obligation, end of year $ (60,732,854)
The annual pension costs, the percentage of annual pension cost contributed, and the net pension
obligation for 2013, 2012, and 2011 are as follows:
Schedule of employer contributions
Annual
required Percentage Net
contribution of ARC pension
(ARC) contributed obligation
Fiscal year ended:
2013 $ 17,647,381 41% $ (60,732,854)
2012 15,658,045 46 (50,279,955)
2011 14,564,847 45 (41,532,143)
69 (Continued)
CITY OF OMAHA,NEBRASKA
Notes to Basic Financial Statementsb�hrr�+•
December 31,2013 �O�Tfp PinaJ�
Basis of Accounting—The Civilian Plan's financial statements are prepared using the accrual basis of
accounting and are presented as a pension trust fund in the accompanying basic financial statements
of the City. Plan member and employer contributions are recognized in the period in which the
contributions are due. Benefits are provided based on a percentage of the member's final average
compensation and are recognized when due and payable.
Method Used to Value Investments — Civilian Plan assets are carried at fair value. Investments in
securities traded on a national securities exchange are valued at the latest quoted market prices.
Unlisted investments are valued at net asset value.
Funding Status and Funding Progress — The funding status and funding progress is as follows
(dollars in millions):
Actuarial UAAL as a
Actuarial accrued Unfunded percentage
value of liability(AAL) AAL Funded Covered of covered
Actuarial assets entry age (UAAL) ratio payroll payroll
valuation date (a) (b) (b-a) (a/b) (c) ((b-a)/c)
2013 $ 235.6 436.2 200.6 54.0% $ 63.3 316.9%
The schedules of funding progress,presented as required supplementary information(RSI)following the notes to the financial statements,
present multiyear trend information about whether the actuarial values of plan assets are increasing or decreasing over time relative
to the AALs for benefits.
Summary financial information for the Civilian Plan as of and for the year ended December 31, 2013
is as follows:
Assets
Cash and cash equivalents $ 1,836,966
Due from other governments 1,276
Receivables:
Accounts receivable 353,244
Accrued interest 322,240
Investments 238,177,788
Total assets $ 240,691,514
Liabilities
Accounts payable and other current liabilities $ 348,700
Total liabilities 348,700
Net Position
Net position:
Held in trust for pension benefits 240,342,814
Total liabilities and net position $ 240,691,514
70 (Continued)
CITY OF OMAHA,NEBRASKA oMNFI.Nte
���1►,:
Notes to Basic Financial Statements �a�M
i(t °�:�C7 ...
' d_ d e
December 31, 2013
��rEu FF.eeVrti~
Additions:
Contributions:
Employer $ 7,194,482
Employee 6,173,254
Total contributions 13,367,736
Investment income:
Dividends and interest 4,597,463
Net appreciation in fair value of investments 30,990,577
Investment expenses (1,368,324)
Net investment income 34,219,716
Total additions 47,587,452
Deductions:
Benefit payments 30,477,726
Change in net position 17,109,726
Net position held in trust for pension benefits, beginning of year 223,233,088
Net position held in trust for pension benefits, end of year $ 240,342,814
(b) Uniformed Plan
Plan Description — The Uniformed Plan is a single-employer contributory defined benefit pension
plan. The Uniformed Plan covers all eligible probationary and regular sworn personnel of the Police
and Fire Departments of the City. The Uniformed Plan provides retirement, disability, and death
benefits to plan members and beneficiaries. Cost-of-living adjustments are provided to members and
beneficiaries at the discretion of the City in accordance with plan provisions. The City Council has
the authority to negotiate, set, and amend contribution rates for the employer and employees. The
Pension Board of the City administers the Uniformed Plan. The Pension Board is responsible for
establishing or amending plan provisions. The Uniformed Plan does not issue separate financial
statements. _--
Funding Policy — Uniformed Plan members are required to contribute, by payroll deduction, a
percentage of their annual covered salary and the City is also required to contribute as follows:
Bargaining group Employee rate City rate
Fire Sworn 17.15 32.97
Fire Management 16.23 33.17
Police Sworn 16.35 33.67
Police Management 15.35 33.17
In addition, the City will make contributions of$1,327,600 annually through 2028. Administrative
costs for management of the investment funds are financed through investment earnings. Other
administrative costs of the Uniformed Plan are paid by the City's general fund. Contributions to the
71 (Continued)
CITY OF OMAHA,NEBRASKA °"pN "`
Notes to Basic Financial Statements
®L ravf' .;
December 31, 2013 A°�TpV ppav +{
04.1
Uniformed Plan totaled $21,659,947 for the employees and $43,838,750 for the employer for the
year ended December 31, 2013.
Participant Data
Membership of the Uniformed Plan consists of the following at December 31, 2013:
Number of:
Active members 1,391
Service retirements 961
Surviving spouses and children 289
Disabled 233
Deferred vested 10
Total participants 2,884
The Uniformed Plan is not subject to either the minimum funding standards of the Employee
Retirement Income Security Act of 1974 or the maximum funding standards of the Employee
Retirement Income Security Act of 1974 or the maximum funding limitations. Funding standards are
actuarially determined using the entry age normal cost method.
The information presented in the notes to the basic financial statements and required supplementary
information was determined as part of the actuarial valuation at the date indicated. Additional
information as of the latest actuarial valuation follows:
Valuation date January 1,2013
Actuarial cost method Entry age normal method
Amortization method Level percent of pay
Remaining amortization period 20 years
Asset valuation method Expected Value+33%
One-third of market value,plus
two-thirds of expected asset value
Actuarial assumptions:
Investment rate of return 8%per year
Projected annual salary increases varying 4%through 6.5%
Final year wage adjustment 10.0%
Cost-of-living adjustments Lesser of 3%or$50 per month ($65 for fire
retirements after June 30, 2007)
Amortization period Closed
72 (Continued)
CITY OF OMAHA,NEBRASKA 0,* NA.FO
Notes to Basic Financial Statements �P,ry �,•
December 31, 2013
'�arFu FFIVJT-'y~
Annual Pension Cost and Net Pension Obligation — The City's annual pension cost and net pension
obligation to the Uniformed Plan for the year ended December 31, 2013 are as follows:
Annual required contribution $ 52,895180,
Interest on net pension obligation 12,814,721
Adjustment to annual required contribution (11,635,221)
Annual pension cost 54,074,680
Contributions made (43,838,750)
Increase in net pension obligation 10,235,930
Net pension obligation, beginning of year (160,184,013)
Net pension obligation, end of year $ (170,419,943)
The annual pension costs, the percentage of annual pension cost contributed, and the net pension
obligation for 2013, 2012, and 2011 are as follows:
Schedule of employer contributions
Annual
required Percentage Net
contribution of ARC pension
ARC contributed obligation
Fiscal year ended:
2013 $ 54,074,680 81% $ (170,419,943)
2012 54,310,693 65 (160,184,013)
2011 49,945,979 61 (139,822,693)
Basis of Accounting — The Uniformed Plan's financial statements are prepared using the accrual
basis of accounting and are presented as a pension trust fund in the accompanying financial
statements of the City. Plan member and employer contributions are recognized in the period in
which the contributions are due. Benefits are provided based on a percentage of the member's final
average compensation and are recognized when due and payable.
Method Used to Value Investments — Uniformed Plan assets are carried at fair value. Investments in
securities traded on a national securities exchange are valued at the latest quoted market prices.
Unlisted investments are valued at net asset value.
73 (Continued)
CITY OF OMAHA,NEBRASKA
Notes to Basic Financial Statements ;yit;":'i„
�> yry.
December 31, 2013 .T E,.
Funding Status and Progress — The funding status and funding progress is as follows:
(dollars in millions).
Actuarial UAAL as a
Actuarial accrued Unfunded percentage
value of liability(AAL) AAL Funded Covered of covered
Actuarial assets entry age (UAAL) ratio payroll payroll
valuation date (a) (b) (b-a) (a/b) (c) ((b-a)/c)
2013 $ 495.8 1,108.9 613.1 44.7% $ 116 528.5%
The schedules of funding progress,presented as required supplementary information(RSI)following the notes to the financial statements,
present multiyear trend information about whether the actuarial values of plan assets are increasing or decreasing over time relative
to the AALs for benefits.
Summary financial information for the Uniformed Plan as of and for the year ended December 31,
2013 is as follows:
Assets
Cash and cash equivalents $ 780,527
Receivables:
Accounts receivable 1,682,970
Accrued interest 1,786,815
Investments 576,036,010
Total assets $ 580,286,322
Liabilities
Accounts payable and other current liabilities $ 791,670
Total liabilities 791,670
Net Position
Net position:
Held in trust for pension benefits 579,494,652
Total liabilities and net position $ 580,286,322
74 (Continued)
CITY OF OMAHA,NEBRASKA ^ E,
µ N ry
Notes to Basic Financial Statements
December 31, 2013
Additions:
Contributions:
Employer $ 43,838,750
Employee 21,659,947
Total contributions 65,498,697
Investment income:
Dividends and interest 15,766,785
Net appreciation in fair value of investments 74,797,917
Investment expenses (2,813,925)
Net investment income 87,750,777
Total additions 153,249,474
Deductions:
Benefit payments 63,554,961
Change in net position 89,694,513
Net position held in trust for pension benefits, beginning of year 489,800,139
Net position held in trust for pension benefits, end of year $ 579,494,652
(c) Net Pension Obligation
Reconciliation of the December 31, 2013 net pension obligation to the financial statements is as
follows:
Net pension obligation:
Civilian Plan $ (60,732,854)
Uniformed Plan (170,419,943)
Total net pension obligation $ (231,152,797)
Recorded in:
Governmental activities $ (219,701,396)
Parking facilities fund (685,290)
Sewer revenue fund (8,852,627)
Nonmajor enterprise funds (1,913,484)
Total net pension obligation $ (231,152,797)
75 (Continued)
CITY OF OMAHA,NEBRASKA °��"``"��H"rr"`
Notes to Basic Financial Statements ie7:0,,
*�A'U�.'.J'MyM1:
December 31, 2013 0Pf,,
(11) Capital Assets
w°-- Capital asset activity for the year ended December 31,2013 is as follows:
Beginning Ending
balances Increases Decreases balances
Governmental activities:
Capital assets,not being
depreciated:
Land $ 140,081,138 — 132,550 139,948,588
Cultural assets 5,833,600 8,390 — 5,841,990
Construction in progress 38,426,173 29,789,212 15,439,737 52,775,648
—
Total capital assets,
not being
— depreciated 184,340,911 29,797,602 15,572,287 198,566,226
Capital assets,being depreciated:
Buildings 563,157,704 3,856,386 193,182 566,820,908
— Machinery and equipment 75,489,980 8,386,990 3,433,057 80,443,913
Infrastructure 778,498,118 15,617,262 36,266 794,079,114
Total capital assets,
being depreciated 1,417,145,802 27,860,638 3,662,505 1,441,343,935
Less accumulated depreciation for:
,.— Buildings 227,718,039 15,655,197 193,184 243,180,052
Machinery and equipment 51,421,017 5,288,452 3,057,289 53,652,180
Infrastructure 218,717,867 18,362,448 3,627 237,076,688
— Total accumulated
depreciation 497,856,923 39,306,097 3,254,100 533,908,920
Total capital assets,
being depreciated,
net 919,288,879 (11,445,459) 408,405 907,435,015
„,,,, Governmental
activities
capital assets,net $ 1,103,629,790 18,352,143 15,980,692 1,106,001,241
a
— 76 (Continued)
CITY OF OMAHA,NEBRASKA ���•�^'Nt
�41§11!,
Notes to Basic Financial Statements _ e67: M
�P,p!��;,;lea,.
iNt
December 31, 2013 04-i•, �.,N'
rFu eFecJ
Depreciation expense was charged to functions/programs as follows:
Governmental activities:
General government $ 1.222,584
Public safety 3,865,637
Community development 895,392
Other public services 1.089,778
Culture and parks 16,482 613
Transportation services 15,750,093
Total depreciation expense—
governmental $ 39,306,097
Capital asset activity of each major enterprise fund is as follows:
Beginning Ending
balances Increases Decreases balances
Convention Center Hotel Fund:
Capital assets, not being
depreciated:
Cultural assets S 718,020 — 718,020
Capital assets,being depreciated:
Buildings 90,781,991 730.258 91,512,249
Machinery and equipment 3,974,073 4,359 — 3,978,432
Furniture and fixtures 14,343.347 631,061 14,974,408
Total capital assets,
being depreciated 109,099.411 1,365,678 110,465,089
Less accumulated depreciation for:
Buildings 16,469,233 2.633,423 — 19,102,656
Machinery and equipment 3,346,311 178,525 3,524,836
Furniture and fixtures 4,729,164 2,863,483 7.592,647
Total accumulated
depreciation 24,544,708 5,675,431 — 30,220,139
Total capital assets,
being depreciated, net 84.554,703 (4,309,753) 80,244,950
Convention Center Hotel
Fund capital
assets,net $ 85,272,723 (4,309,753) 80,962,970
77 (Continued)
CITY OF OMAHA,NEBRASKA
Notes to Basic Financial Statements tc°A1NA
December 31, 2013 0PE
Beginning Ending
balances Increases Decreases balances
Parking Facilities Fund:
Capital assets,not being
depreciated:
Land $ 2,473,344 — — 2,473,344
Total capital assets, 2,473,344
not being depreciated 2,473,344 — —
Capital assets,being depreciated:
Leased buildings and buildings 61,363,255 — — 61,363,255
Total capital assets,
being depreciated 61,363,255 — 61,363,255
"" Less accumulated depreciation for:
Leased buildings and buildings 33,148,427 2,410,197 — 35,558,624
Total accumulated
depreciation 33,148,427 2,410,197 — 35,558,624
Total capital assets,
being depreciated,net 28,214,828 (2,410,197) — 25,804,631
Parking Facilities Fund
capital assets,net $ 30,688,172 (2,410,197) — 28,277,975
78 (Continued)
CITY OF OMAHA,NEBRASKA oFo`�/,,,
Notes to Basic Financial Statements N_175 't�'
December 31, 2013 O i��
rPU PPlaJ
Beginning Ending
balances Increases Decreases balances
Sewer Revenue Fund:
Capital assets, not being
depreciated:
Land $ 2,721,046 — 2,721,046
Construction in progress 107,205,340 94,065.477 80,741,632 120,529,185
Total capital assets,
not being depreciated 109.926,386 94,065,477 80,741,632 123,250,231
Capital assets, being depreciated:
Buildings and systems 755,721,784 80,741.632 836,463,416
Machinery and equipment 10,089,056 317,294 246,837 10.159,513
Total capital assets,
being depreciated 765,810,840 81,058.926 246,837 846,622,929
Less accumulated depreciation for:
Infrastructure 288.852,849 18,748,167 307,601.016
Buildings and systems 38.000,577 1,093,706 39,094,283
Machinery and equipment 7.171,359 524,250 246,837 7,448,772
Total accumulated
depreciation 334.024.785 20,366,123 246,837 354,144,071
Total capital assets,
being depreciated, net 431,786.055 60,692.803 492,478.858
Sewer Revenue Fund
capital assets,net $ 541,712,441 154,758,280 80.741,632 615,729,089
79 (Continued)
CITY OF OMAHA,NEBRASKA °""H""`
Notes to Basic Financial Statements fft,e,rM
December 31, 2013 ,w,
Beginning Ending
balances Increases Decreases balances
Valkwii
Nonmajor Enterprise Funds:
Capital assets,not being
depreciated:
—
Construction in progress $ — 27,500 — 27,500
Capital assets,being depreciated:
.� Buildings and systems 9,228,130 — 9,228,130
Machinery and equipment 2,852,482 93,959 — 2,946,441
Total capital assets,
being depreciated 12,080,612 93,959 — 12,174,571
Less accumulated depreciation for:
Building and systems 4,886,926 307,634 — 5,194,560
Machinery and equipment 2,313,915 115,810 — 2,429,725
Total accumulated
. .. depreciation 7,200,841 423,444 — 7,624,285
Nonmajor enterprise
capital assets,net $ 4,879,771 (301,985) — 4,577,786
(12) Fund Deficits
Fund deficits exist in the following funds as of December 31, 2013:
Major Enterprise Funds:
— Convention Center Hotel-Enterprise Fund $ (42,981,676)
Parking Facilities-Enterprise Fund (6,668,126)
Nonmajor Special Revenue Funds:
Keno/Lottery Proceeds (23 7,006)
Community Park Development (1,972,004)
Grants (2,906,815)
_ Household Chemical Disposal (27,556)
Nonmajor Capital Projects Funds:
2010 Transportation Bond (2,150,469)
2010 Public Facilities Bond (759,609)
2010 Parks and Recreation Bond (360,143)
Missouri River Pedestrian Bridge (70,000)
— Nonmajor Enterprise Funds:
Golf Operations (2,295,104)
Air Quality (175,467)
Compost (751,559)
80 (Continued)
CITY OF OMAHA,NEBRASKA CMPHA,pF
s
Notes to Basic Financial Statements t7;5
c4�:u —e
December 31, 2013 .L
PIPPV�1M1
(a) Major Enterprise Funds
The Convention Center Hotel began operations in April 2004. The City projects that future
operations of the hotel will eliminate this deficit. An addition of 150 rooms, a junior ballroom, and
additional meeting space were completed in 2012 and are expected to generate additional revenue to
reduce the deficit. Several national-profile events have been secured for the adjoining Century-Link
Center providing increased revenue stability. Annual appropriations from the City will subsidize any
debt service shortfall.
The Parking Facilities Fund was established as a tool to manage the City's eight-parking structures
and various surface lots throughout the City. Lease-purchase debt has been issued to finance the
construction of the parking structures. The City recently completed a comprehensive parking study.
Among the recommendations implemented to date are: the consolidation of all parking functions
under one department — Public Works; and the installation of new parking meters that accept both
credit cards and coins. Under consideration are changes to parking fees, increased hours of
enforcement, and review of vendor and leasing contracts. The City has also hired a full-time parking
facilities manager to oversee all parking operations. Annual appropriations from the City's General
Fund to subsidize the payment of this debt will eliminate this deficit.
(b) Nonmajor Special Revenue Funds
The Community Park Development Fund's deficit is a result of the acquisition of two large land
purchases. These sites are outside of the City and have been selected as future regional parks. A park
development fee has been established, which will be collected from neighboring Sanitary
Improvement Districts to fund these acquisitions. Along with the City, Douglas and Sarpy Counties
are contributing partners to the Household Chemical Disposal Fund. In 2013, all partners made
onetime contributions totaling $95,295 to help eliminate this fund deficit. The other Nonmajor
Special Revenue Fund deficits will be eliminated upon collection of advanced revenues from the
sponsoring grantor agency or reduction of expenses.
(c) Nonmajor Capital Funds
The deficits in the 2010 Transportation, Pubic Facilities, and Parks and Recreation Funds will be
eliminated with the issuance of bonds in 2014. The deficit in the Missouri River Pedestrian Bridge
Fund will be eliminated by the receipt of advanced revenues.
(d) Nonmajor Enterprise Funds
The deficits in the Golf Operations and Air Quality Funds will be eliminated by fee increases and
reduction of expenses. Beginning January 1, 2014. the Compost Fund will be moved into the solid
waste general fund budget within the Public Works Department.
(13) Postretirement Healthcare Benefits
(a) Plan Description
The City sponsors a single-employer, defined-benefit healthcare plan that provides certain
postemployment healthcare benefits to eligible retirees and their dependents up to age 65 when they
would be Medicare eligible in accordance with provisions established in Chapter 23 of the Omaha
81 (Continued)
CITY OF OMAHA,NEBRASKA °M'HA 4,44
10117
Notes to Basic Financial Statements Me":
December 31, 2013 Municipal Code. The benefits include medical and prescription coverage. The rates paid by retirees
are substantially lower than they would be under individual health insurance policies. This difference
is an implicit rate subsidy and considered other postemployment benefits (OPEB). The plan is
administered by the City. The plan does not issue separate financial statements.
(b) Funding Policy
The contribution requirements of plan members and the City are established through labor
negotiations, with the Omaha Police Union Local No. 101, the Professional Firefighters Association
of Omaha Local No. 385, the Omaha City Employees Local No. 251, and other classified civilian
and sworn employees. All agreements are approved and can be amended by the City Council.
Contributions are made to the plan based on a pay-as-you-go basis and the City self-insures this
benefit. For the year ended December 31, 2013, the City paid $14,924,291 for 926 retirees. Retiree
contribution rates vary from 0% to 10% of an annual estimated premium depending on the
bargaining group. Retiree contributions for 2013 were $639,091.
(c) Annual OPEB Cost and Net OPEB Obligation
The City's annual other OPEB cost(expense) is calculated based on the annual required contribution
~a. of the employer (ARC), an amount actuarially determined in accordance with the parameters of
GASB Statement No. 45, Accounting and Financial Reporting by Employers for Postemployment
Benefits Other Than Pensions. The ARC represents a level of funding that, if paid on an ongoing
w- basis, is projected to cover normal cost each year and amortize any unfunded actuarial liabilities (or
funding excess) over a period not to exceed 30 years. The amortization method used is the level
percentage of projected payroll and the periods used on closed. The remaining amortization period is
25 years. The unprojected-unit-credit-actuarial-cost method is used. The following table shows the
components of the City's annual OPEB costs for the year, the amount actually contributed to the
plan, and the changes in the City's net OPEB obligation:
Normal cost $ 26,692,833
Amortization of unfunded actuarial accrued liability 19,059,447
Interest on net OPEB obligation 4,347,569
Adjustments to annual required obligation (6,208,534)
Annual OPEB 43,891,315
Contributions made by employer (14,924,292)
Increase in net OPEB obligation 28,967,023
Net OPEB obligation,beginning of year (144,918,982)
Net OPEB obligation, end of year $ (173,886,005)
82 (Continued)
CITY OF OMAHA,NEBRASKA ,0,P MA'MEa
Notes to Basic Financial Statements
December 31, 2013
�
PEW'
The net OPEB cost is allocated to governmental activities, parking facilities enterprise fund, sewer
revenue fund, and other nonmajor enterprise funds based on 2013 compensation expense as follows:
Governmental activities $ (163,884,602)
Parking facilities fund (598,517)
Sewer revenue fund (7,731,691)
Nonmajor enterprise funds (1,671,195
Total OPEB obligation $ (173,886,005)
The annual OPEB costs, the percentage of annual OPEB cost contributed, and the net OPEB
obligation for 2013. 2012,and 2011 are as follows:
Percentage of
Annual OPEB annual OPEB
cost contributed Net OPEB
Fiscal year ended:
2013 $ 43,891,315 34% $ (173,886,005)
2012 44,454,512 35 (144,918,982)
2011 47,322,593 38 (116,107,053)
(d) Funded Status and Funding Progress
The funded status of the plan as of January 1, 2013 is as follows:
Actuarial accrued liability(AAL) $ 449,381,032
Actuarial value of plan assets
Unfunded actuarial accrued liability(UAAL) $ 449,381.032
Funded ratio —%
Covered payroll $ 164,200,000
UAAL as a percentage of covered payroll 274%
(e) Actuarial Methods and Assumptions
Actuarial valuations on an ongoing plan involve estimates of the value of reported amounts and
assumptions about the probability of occurrence of events far into the future. Examples include
assumptions about future employment, `
Pmortality, and the healthcare cost trend. Amounts determined
regarding the funded status of the plan and the annual required contributions of the employer are
subject to continual revision as actual results are compared with past expectations and new estimates
are made about the future. The schedule of funding progress, presented as required supplementary
information following the notes to the financial statements, presents multiyear trend information,
which shows the actuarial liability as a percentage of covered payroll.
83 (Continued)
UN
CITY OF OMAHA,NEBRASKA
Notes to Basic Financial Statements
December 31, 2013 °pfey
Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as
understood by the employer and the plan members) and include benefits provided at the time of each
`� valuation and the historical pattern of sharing benefit costs between the employer and plan member
to that point. In the January 1, 2012 actuarial valuation, the unprojected unit-credit-actuarial-cost
method was used. The actuarial assumptions included a 3% projected investment rate of return and
an annual healthcare cost trend of 8.10% during 2012, reduced to an ultimate rate of 4.70% after
71 years. Both rates include a 2.50% inflation assumption. The amortization of the unfunded
actuarial accrued liability is calculated assuming 25 annual payments increasing at 2.75% per year.
The amortization method used is the level percentage of projected payroll method and the
amortization period is a closed 30-year period beginning in 2007.
(14) Risk Management
The City is exposed to various risk of loss related to torts, theft of, damage to, and destruction of assets;
errors and omissions; injuries to employees; and natural disasters. The City is self-insured with respect to
its obligation to provide workers' compensation, general liability, property damage, unemployment
benefits, health and dental coverage, environmental, and antitrust.
The City sets aside assets for claim settlements in the general and individual proprietary funds. These funds
service all claims for risk of loss to which the City is exposed including general liability, property, and
casualty up to $100,000 per occurrence. The City also services claims including workers' compensation,
employee health and dental, environmental, and antitrust, which are subject to unlimited liability by the
City.
The City maintains a Judgment Fund for the purpose of accumulating funds to satisfy judgments, damage
claims, and related litigation expenses against the City. It is sustained by an unlimited tax levy upon
tangible property within the City.
The City obtains an annual funding valuation from a claims servicing company managing the appropriate
level of estimated claims liability for workers' compensation claims. Liabilities are reported when it is
probable that a loss can be reasonably estimated. Liabilities are based on historical losses paid.
The City maintains a blanket surety bond covering all City employees, including those of the city clerk's
office and the public libraries, in the amount of$250,000.
,�,,, The City purchases commercial insurance for property damage of City buildings and contents in excess of
$100,000. Settled claims have never exceeded this commercial coverage.
The City purchases commercial insurance for aviation liability for the police aviation unit,in the amount of
$1,000,000 per person and $5,000,000 per occurrence for personal injury, and $200,000 for property
damage. Settled claims have never exceeded this commercial coverage.
AM. 84 (Continued)
CITY OF OMAHA,NEBRASKA
Notes to Basic Financial Statements ;l0,7
O'.;}ri^--i"7�.
December 31, 2013
TEU PEnYV"
Changes in the balance of claims liabilities during the fiscal years 2013 and 2012 for workers'
compensation and employee health and dental are as follows:
Beginning Current End
of year year Claim of year
liability claims payments liability
2013 $ 41,151,606 58,590,477 55,924,919 43,817,164
2012 35,913,900 59,868,355 54.630,649 41,151,606
Reconciliation of the December 31, 2013 claims liability for workers' compensation and employee health
and dental to the financial statements is as follows:
Governmental activities $ (41,188,398)
Parking facilities fund (153,345)
Sewer revenue fund (1,883,949)
Nonmajor enterprise funds (591.472)
Total workers" compensation
and employee health and
dental $ (43,817,164)
(15) Commitments and Contingencies
(a) Judgment Claims
The City is a defendant in a number of lawsuits in its normal course of operations. In addition to the
$1,960,000 recorded by the City as claims and judgments payable, the City Attorney is of the
opinion that there is a possibility that the City will incur additional losses on various lawsuits of ,
approximately$6,595,000.
(b) Grants
The City participates in a number of federally assisted grant programs, principally Federal Highway
Construction Grants, HUD Grants, Office of Justice Prevention Grants, Homeland Security,
Department of Energy and Department of Transportation Grants, and other local improvement
programs. The programs are subject to financial and compliance audits. The amount of expenditures,
if any that may be disallowed by granting agencies is not determinable at this time; however, City
management does not believe that such amounts, if any, would be significant.
85 (Continued)
CITY OF OMAHA,NEBRASKA MI.IM,
Notes to Basic Financial Statements
December 31, 2013
wJfu FEI�Jf
(c) Encumbrances
An encumbrance is the commitment of appropriated funds to purchase goods or services to be
delivered or performed at a future date. On a budget basis, an encumbrance is a reserve of fund
balance. The encumbrances are generally in a requisition form before the end of the budget year. The
purchasing process must be initiated before year-end. The encumbrances do not lapse at year-end.
Department heads are authorized to make or approve encumbrances in their respective departments.
Contracts or purchase orders over $20,000 are approved by the City Council. Encumbrances are
included in restricted, committed, assigned, or unassigned fund balances as appropriate.
Encumbrances are detailed in the following table:
Governmental funds:
x,„,e General $ 3,821,404
Special revenue 8,767,531
Capital projects 10,514,425
Total encumbrances $ 23,103,360
(d) Construction Commitments
The City has various construction projects; specifically,the sewer fund is used to account for income
from sewer service charges, construction grants and related expenditures for operation, maintenance
and capital improvements of the sanitary sewer system and wastewater treatment plants. The City's
obligation under these construction commitments is $145,749,848 as of December 31, 2013.
86 (Continued)
CITY OF OMAHA,NEBRASKA ot0""„Ee,
Notes to Basic Financial Statements
December 3 I, 2013 '�, .y°
(16) Pledged Revenues
The City has pledged specific revenues streams to secure the repayment of certain outstanding debt issues. The following table lists those
revenues and the corresponding debt issue along with the purpose of the debt, the amount and term of the pledge remaining, the current fiscal
year principal and interest on the debt, the amount of pledged revenue recognized during the current fiscal year, and the approximate percentage
of the revenue stream that has been committed if estimable:
Principal
and interest Recognized
Percentage for the for the year
Amount of of year ended ended
revenue Term of revenue December 31, December 31,
Issue Type revenue pledged pledged General purpose for debt commitment pledged 2013 2013
Special tax revenue Community redevelopment S 55,090,533 To finance infrastructure Through 2032 100% $ 4,66(1,278 4,461,190
redevelopment(series 2004,2007A, property tax and capital improvements
2007C,2008.2008 refunding,2009A, in redevelopment areas
2009A taxable,2012,2012A,and 201213) throughout the City
Special obligation Cigarette tax,'HI'revenues, 116,525,972 To finance infrastructure Through 2032 Various 6,340,811 141,763,259
(series Riverftont 2008 refunding,and Sewer revenue,land sales, and capital improvements
2012 refunding) and sales tax in the Riverfront Business
Park
Highway allocation Street and highway 2,232,185 To finance street Through 2026 1(1(1% 252,270 34,215,5(14
(series 2004,and 2006) gasoline taxes improvements
Convention Center Hotel Net operating revenue of 275,238,061 To finance the construction Through 2040 100°1, 8,730,504 1 1,915,719
(series 2007A,and 2010B taxable) the hotel of the Convention
Center Hotel
Sanitary sewer system Operating revenue of the 535,671,602 To finance the construction Through 2041 100% 22,609,552 87,947,776
(series 2003,2006,2009B taxable, sanitary sewer system and rehabilitation of the
2010A Refunding,2010B taxable. sanitary sewer system
2014 and 2012)
NE Department of
Environmental Quality
(series C1317432,and C317476)
87 (Continued)
t1
1 1 P f t
CITY OF OMAHA,NEBRASKA At`
Notes to Basic Financial Statements o�zM1e
December 31, 2013 °,TEUPf••�r�
(17) Subsequent Events
The City has evaluated subsequent events from the financial statement date through June 30, 2014,the date
at which the financial statements were issued, and determined there were no items to disclose.
(18) Discretely Presented Component Units
(a) Investments
As of June 30, 2013, the investment balances of MECA, discretely presented component unit, are as
follows:
Investment Maturities Credit rating Fair value
Certificates of deposit 7/19/13—5/30/14 100%FDIC Insured $ 4,410,000
Commercial paper 8/1/13— 1/24/14 S&P-Al and Moody's P1 5,343,431
U.S.Treasury securities 7/15/13 —2/15/14 N/A 4,997,606
Government agency
discount notes 8/28/13—12/30/14 N/A 6,797,039
Total
investments $ 21,548,076
HWS, discretely presented component unit, had no investments at June 30, 2013.
(b) Capital Assets
Activity for the year ended June 30, 2013 for MECA's property, equipment, and intangible assets
and accumulated depreciation and amortization is as follows:
Additions
July 1, and reclassi- June 30,
2012 fications Dispositions 2013
Leasehold improvements $ 7,575,776 598,698 653,669 8,828,143
Furniture, fixtures, and
equipment 11,804,084 406,254 (14,766) 12,195,572
Building rights 10,079,196 — — 10,079,196
Construction in progress 653,669 1,181,454 (653,669) 1,181,454
30,112,725 2,186,406 (14,766) 32,284,365
Accumulated depreciation
and amortization (12,810,830) (2,052,738) 12,303 (14,851,265)
Total $ 17,301,895 133,668 (2,463) 17,433,100
The balance of HWS capital assets was $269,069 at June 30, 2013.
88 (Continued)
CITY OF OMAHA,NEBRASKA cK.e...NF
ttz:
Notes to Basic Financial Statements tTri r4t i
December 31, 2013 b�'FFu pFa�J*'yti
(c) Notes Payable
Activity for the year ended June 30, 2013 for MECA's long-term debt activity is as follows:
Balance Balance,
June 30,2012 Additions Reductions June 30,2013
City of Omaha $ 3,481,783 (675,947) 2,805,836
Food service contract 326,295 (326,295) —
Total $ 3,808,078 — (1,002,242) 2,805,836
The balance of HWS long-term debt was $104,258 at June 30, 2013.
Through the amended agreement and lease with the City, MECA agreed to exercise good faith and
best efforts to raise and pay over to the City the sum of $14,000,000 to offset additional funds
provided by the City for the construction of the facility. Proceeds from the sale of Naming Rights
were specifically identified as a source of repayment. The Naming Rights have been sold to an
outside party under a Convention Center/Arena Naming Rights Agreement, which terminates on
September 1, 2018. As a result, the obligation for the repayment of this portion of the construction
funds has been recorded as long-term debt payable to the City offset by recording intangible
Building Rights.
Under a long-term contract for food service operations, MECA received a $4,000,000 interest-free
loan from the contractor for the purchase of food service equipment and leasehold improvements.
The note was paid in full during the fiscal year ended June 30, 2013.
Debt service payments for MECA are as follows:
Principal Interest
Year:
2014 $ 675,946 149,054
2015 575,946 149,054
2016 575,946 149,054
2017 575,946 149,054
2018 402,052 173,895
$ 2,805,836 770,111
89 (Continued)
CITY OF OMAHA,NEBRASKA
Notes to Basic Financial Statements Mie
December 31,2013
^rt pEe.'''
(d) Commitments and Contingencies
MECA entered into a long-term contract for food service operations in November 2001. The terms
of the contract commit MECA to a 10-year, CPI indexed annual payment to the contractor of
$750,184 and $727,226 for the years ended June 30, 2013 and 2012. There are incentive provisions
in the contract that may result in additional payments to the contractor. Such incentives totaled
$187,546 for the year ended June 30, 2013. There are no remaining costs of such commitments under
this contract as of June 30, 2013.
gam
MECA renewed the long-term contract for food service operations for CenturyLink Center Omaha in
July of 2013. The terms of the contract commit MECA to a 10-year CPI indexed annual payment to
the contractor of $250,000. There are incentive provisions in the contract that may result in
additional payments to the contractor, capped at $62,500 per contract year. The remaining costs of
such commitments as of June 30, 2013 are 10 annual payments of$250,000 subject to increases in
accordance with a CPI index.
90
CITY OF OMAHA,NEBRASKA
Budgetary Comparison Schedule-General Fun •d
(Unaudited)
lst�g. '
Year ended December 31,2013
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
.- Revenues:
Property tax
Motor vehicle taxes $ 79,089,535 79,089.535 79,724.252 634,717
City sales and use tax 9,408,238 9,408,238 9,839,552 431,314
135,461,322 135,461,322 134,324,370 (1,136,952)
Business taxes 25,442,912 25,442,912 21,141,115 (4,301,797)
Taxes in lieu 4,551,742 4,551,742 4,843,939
292,197
Licenses and permits 5,962,187 5,962,187 10,665,875 4,703,688
Intergovernmental revenues -
Charges for services 17,253,191 17,253,191 18,099,098 845,907
Revenue for KENO 560,000 560,000 581,317
Interest income 1,175,000 1,175,000 21,317
Rent and royalties (176,130) (1,351,130)
Miscellaneous 2,172,475 2,172,475 846,372 (1,326,103)
Restaurant tax - - 32,537 32,537
Business usage 25,645,594 25,645,594 25,719,588 73,994
Tobacco tax 12,297,032 12,297,032 11,616,569 (680,463)
- 3,495,536 3,495,536
Total revenues 319,019,228 319,019,228 320.753,990 1,734,762
Expenditures:
General government:
Mayor's office 1,169,347 1,169,347 1,164,734
,0134,613
City clerks 657
City council 657,013 635,732 21,281
Law 1,120,835 1,120,835 1,128,472 (7,637)
Human Resources 3,811,299 3,881,849 3,596,069 285,780
Human Rights and Relations 2,272,114 2,272,114 1,978,388 293,726
Finance 459,428 459,428 449,320 10,108
Planning 3,310,805 3,310,805 3,095,811 214,994
Employee benefits 7,277,275 7,277,275 7,148,142 129,133
Other agencies 22.394,480 22,394,480 18,942,958 3,451,522
27,952,180 27,881.630 27,816,095 65,535
Total general government 70,424,776 70,424,776 65,955,721 4,469,055
4... Public safety:
Fire
Police 82,392,215 82,392,215 83,709,320 (1,317,105)
121,272,730 121,272,730 116,020,320 5,252,410
Total public safety 203,664,945 203,664,945 199,729.640 3,935,305
Public works:
Environmental 18,383,390 18,383,390 16,417,529 1,965,861
Street and highway 831,951 831,951 2.428,574 (1,596,623)
Total public works 19,215,341 19,215,341 18,846,103
369.238
Culture and recreation:
Parks and recreation 18,708,414 18,708,414 18,655,779
GOCVB
500,00052,635
Libraries 500,000 500,000
9,290,614 9,290.614 8,749,870 540,744
Total culture and recreation 28,499.028 28,499,028 27,905,649 593,379
Total expenditures 321,804,090 321,804,090 312,437,113
(9,366,977)
(Deficiency)excess of revenues over expenditures (2.784,862) (2.784,862) 8,316,877 11,101,739
Net changes in fund balances (2,784,862) (2,784,862) 8,316,877 11,101,739
Fund balances-beginning of year
Lapsed encumbrances - - 12,074,631 12,074,631
- - 726,120 726,120
""" Fund balances-end of year $ (2,784,862
) (2,784,862) 21,117,628 23,902,490
See accompanying notes to budgetary comparison schedule-general fund.
vaetta
" ' 91
CITY OF OMAHA,NEBRASKA oralA tyE'*
Notes to Budgetary Comparison _ 1�'�3'"•'a'�-
,
Schedule—General Fund
+rEU FEe�Jt
(Unaudited)
Year ended December 31.2013
(1) Budget and Budgetary Accounting
The Mayor is required by the City Charter to prepare and submit an annual budget to the City Council. A
budget is prepared for the general fund and all special revenue funds, exclusive of all grant funds and the
service-type special assessments fund. These budgets are prepared primarily on a cash basis for revenues
and modified accrual basis for expenditures. The budget presented reflects the original budget and the
revised budget prior to the closing ordinance. In addition, encumbrances are reported as expenditures for
budgetary purposes. Under this system, purchase orders, contracts, and other commitments for the
expenditure of funds are recorded as encumbrances in order to reserve a portion of the applicable
appropriation.
Budgetary control is maintained by department/division and by the following category of expenditures:
personnel services, nonpersonnel services, capital outlay, and debt service. All budget amendments must
be approved by the Mayor and/or City Council. Unencumbered appropriations lapse at the end of the fiscal
year. Encumbered funds are carried over to the ensuing fiscal year until utilized or canceled.
The City Charter also requires the City Council each year to make an ad valorem tax levy for a sinking
fund (debt service fund) that shall provide for principal and interest payments on the general obligation
bonded indebtedness of the City.
Appropriations for certain special revenue funds and capital projects funds are controlled on a project basis
and are carried forward each year until the project is completed or grant funds are expended.
Budgets are also prepared for the proprietary funds as a management control device. The budgets for these
funds are prepared on a revenue and expenditure basis similar to the budgets for the governmental fund
types.
(2) Reconciliation of Budget-Basis Revenues and Expenditures to GAAP
Revenue and expenditures presented on a non-GAAP budget basis of accounting differ from the revenues
and expenditures presented in accordance with GAAP because of the different treatment of encumbrances
and accruals(revenue recognition).
In addition, Section 5.14 of the City of Omaha's Home Rule Charter requires, in relevant part, that the
year-end general fund balance ". . . be applied as general fund revenue in the budget for the fiscal year two
years subsequent to that fiscal year." Therefore, the amount of the general fund carryover coming into a
particular fiscal year has already been determined. Any general fund encumbrances at the end of a fiscal
year are not included in the year-end general fund balance because those encumbrances will normally need
to be paid in the following fiscal year and cannot be held until the fiscal year two years subsequent to the
fiscal year when the encumbrance was incurred.
92 (Continued)
CITY OF OMAHA,NEBRASKA 00.H,'
Notes to Budgetary Comparison �`E'�`'
Schedule—General Fund o ' <
1.(Unaudited) cs�rf�"�°1J*!y
Year ended December 31,2013
All general fund encumbrances are charged to the appropriate accounts at the end of the fiscal year. This
allows those funds to be kept separate from the year-end general fund balance. Therefore, when the actual
payments to the vendors are required in the following fiscal year, there are general fund moneys available.
A reconciliation of the differences between the budgetary versus GAAP is presented as follows:
General fund
Budget basis:
2013 carryover to 2015 $ 11,757,311
2012 carryover to 2014 9,360,317
Total budget basis fund
balance 21,117,628
Basis differences:
Cash reserve 5,004,436
Contingent liability reserve 2,342,204
Taxes accrued 23,400,566
Accrued interest 121,507
Encumbrances 3,817,254
Stadium 821,252
GAAP basis fund balance $ 56,624,847
(3) Expenditures in Excess of Budget
Budgeted expenditures were exceeded in the following departments/divisions:
Department/division Amount
General fund:
City Council $ (7,637)
Public safety:
Fire (1,317,105)
Public works:
Street and highway (1,596,623)
.3.1115
93
Q`C,.{I.MA.hfd9
CITY OF OMAHA,NEBRASKA : I..\
Schedules of Funding Progress and Employer Contributions 1r15, � '
Year ended December 31,2013 °*"T '"`°`
(Unaudited)
Civilian Plan Schedule of Funding Progress
(Dollars in millions)
Actuarial UAAL as a
Actuarial accrued Unfunded percentage
value of liability(AAL) AAL Covered of covered
assets entry age (UAAL) Funded ratio payroll payroll
Actuarial valuation date (a) (b) (b-a) (a/b) (c) ((b-a)/c)
2013 $ 235.6 436.2 200.6 54.0% S 63.3 316.9%
2012 236.7 420.8 184.1 56.3 62.8 293.2
2011 240.3 409.4 169.1 58.7 59.2 285.6
2010 232.4 414.5 182.1 56.1 56.7 321.2
2009 213.2 402.8 189.6 52.9 55.7 340.4
2008 204.5 387.7 183.2 52.7 56.4 324.8
Civilian Plan Schedule of Employer Contributions
Annual required Percentage Net
contribution of ARC pension
Fiscal year ended (ARC) contributed obligation
2013 $ 17,647,381 41% $ (60,732,854)
2012 15,658,045 46 (50,279,955)
2011 14,564,847 45 (41,532,413)
2010 14.149,386 41 (33,263,609)
2009 12,893,331 42 (25,052,987)
2008 9.212,669 59 (17,626,003)
Uniformed Plan Schedule of Funding Progress
(Dollars in millions)
Actuarial UAAL as a
Actuarial accrued Unfunded percentage
value of liability(AAL) AAL Covered of covered
assets entry age (UAAL) Funded ratio payroll ((a payroll
Actuarial valuation date (a) (b) (b-a) (a/b) ( )
)/c)
2013 $ 495.8 1.108.9 613.1 44.7% 5 116.0 528.5%
467.4 1.077.6 610.2 43.4 110.0 554.7
2012 572.7 44.3 105.0 545.4
2011 456.2 1.028.9 2010 452 111.2 576.26 1.093.3 640.7 41.4576.2
2009 405.4 1.026.0 620.6 39.5 104.0 584.6
2008
365.9 947.6 581.7 38.6 99.5
94 (Continued) ,
CITY OF OMAHA,NEBRASKA ;,�1►� ,
,,6tSchedules of FundingProgress and Employer Contributions o7,_y_
:
Year ended December 31, 2013 4lf 'y
v
(Unaudited)
,m. Uniformed Plan Schedule of Employer Contributions
Annual required Percentage Net
contribution of ARC pension
Fiscal year ended (ARC) contributed obligation
2013 $ 54,074,680 81% $ (170,419,973)
2012 54,310,693 65 (160,184,013)
— 2011 49,945,979 61 (139,822,693)
2010 55,488,062 44 (119,249,376)
2009 50,507,561 45 (88,728,048)
..- . 2008 38,073,021 57 (61,464,670)
Postretirement Obligation Schedule of
Funding Progress
(Dollars in millions)
Schedule of Funding Progress
UAAL as a
Actuarial Actuarial Unfunded percentage
—,, value of accrued AAL Covered of covered
assets liability(AAL) (UAAL) Funded ratio payroll payroll
Actuarial valuation date (a) (b) (b-a) (a-b) (c) ((b-a)/c)
January 1,2012 — $ 449.4 449.4 — 164.2 274%
a— March 1,2010 — 478.1 478.1 — 167.9 285
March 1,2008 — 388.5 388.5 — 153.6 253
March 1,2006 — 307.5 307.5 — 153.7 200
— 95
CITY OF OMAHA,NEBRASKA `�,��
J
Combining Balance Sheet 1"*
Nonmajor Governmental Funds `'.6
December 31,2013
Total
Nonmajor
Special Debt Capital Permanent Governmental
Assets revenue service projects funds Funds
Cash and pooled investments $ 15.505,413 2.891,633 3,880,337 239,089 22,516,472
,.. Investments — — 1,477,086 2,805,905 4,282,991
Receivables(net of allowance for uncollectibles) 9,073,179 6,690,543 9,915,815 25,679,537
Due from other governments 16,509,091 401,662 230,680 17,141,433
Due from other funds 9,500,000 — 9,500,000
Accrued interest 133,613 435 9,027 143,075
`""' Other assets 16,250 — 498,899 515,149
Restricted assets: _ —
Deposits with trustee 2,766,479 — 6,631.706 — 9,398,185
Total assets $ 53,504,025 9,983,838 22,634,958 3,054,021 89,176,842
Liabilities,Deferred Inflows
of Resources and Fund Balances
Liabilities:
Accounts payable and other current liabilities $ 8,088,969 5,125 2,235,926 10,330,020
Due to other governments — — 25,000 25,000
Due to other funds — 4,000,000 4,000,000
Unearned revenue 3,759,605 851 — — 3,760,456
Total liabilities 11,848,574 5,976 6.260,926 — 18,115,476
Deferred inflows of resources:
Advanced revenue 14,357,717 6,688,009 4,372,600 — 25,418,326
Fund balances(deficit):
Nonspendable
,. Restricted — — 2,775,389 2,775,389
18,600,493 3,289,853 5,476,142 27,366,488
Committed 14,274,128 6,040,802 278,632 20,593,562
Assigned 448,529 4,283,557 4,732,086
Unassigned (6,025,416) — (3,799,069) — (9,824,485)
Total fund balance 27,297,734 3,289,853 12,001,432 3,054,021 45,643,040
Total liabilities,deferred inflows
of resources and fund balance $ 53,504,025 9,983,838 22,634,958 3.054,021 89,176,842
See accompanying independent auditors'report.
96
CITY OF OMAHA,NEBRASKA 3 t►��
Combining Statement of Revenues.Expenditures.and Changes in Fund Balances x •'.
fi
Nonmajor Governmental Funds
Year ended December 31.2013
Total
Nonmajor
Special Debt Capital Permanent Governmental
revenue service projects funds Funds
Revenues:
Taxes:
Property $ 1.684.675 6.511258 — — 8,195.933
Business 743.209 — — 743.209
In lieu 6,745 17,918 24,663
Licenses and grants 2.024.501 — 2,024,501
Intergovernmental 40.361.210 1.500,000 41,861.210
Investment income 105.085 — 61.128 (25,306) 140.907
Revenue from Keno 6,987.178 6,987,178
Charges for services 28,969,969 — 2.094,920 - 31,064,889
Rents.royalties,and other 539,189 825.000 3.423 — 1.367,612
Contributions and grants 29,073.014 191.072 17.075.354 46.339.440
Total revenues 110.494.775 9.045.248 19.234.825 (25,306) 138,749.542
Expenditures:
Governmental activities: 6,896,870
General government 6.806,449 64.240 26,181
6,614,989 911.823 7.526,812
Transportation
Public safety
services 54.958.869 50.000 — 55,008.869
—
Other public services 10.146.773 — — — 10,146.773
Community development 16,770.762 — 322,067 17,092,829
Culture and parks 6.729,847 — 246.632 100.000 7,076,479
Debt service: c 5,841,837
Principal 661.000 4.939.870 240.967
Interest 2.313.408 4.550.975 53.448 6,917.831
Bond issuance costs — 15.739 — 15.739
Capital outlay: _
Other public services 1.138.358 — 3.147,219 4,285.577
Public safety — 4.405.065 —_ 4.405.065
Culture and parks 46.606 — 8,188.185 — 8,234,791
General government — 1.544.295 1.544,295
3.840,179 18.486.188 22,326,367
Transportation — 799,478
Community development — — 799,478
Total expenditures 110,027.240 9,555.085 38.437.287 100,000 158.119.612
Other financing sources(uses): �� 6,918.319
Transfers in 5.692.442 — 1.2_5,877
Transfers out (5.476.829) — (1.419,983) — (6.896.812)
Proceeds from the issuance of bonds -- — 15.403,783 — 15.403,783
Proceeds from bond premium — — 579,761 — 579.761
Total other financing sources(uses) 215.613 — 15,789,438 — 16,005.051
Net change in fund balance 683.148 (509,837) (3,413,024) (125,306) (3,365,019)
Beginning fund balance 26.614.586 3,799.690 15.414,456 3,179,327 49.008.059
Ending fund balance $ 27 297.734 3,289.853 12,001,432 3.054.021 45,643,040
See accompanying independent auditors'report.
97
CITY OF OMAHA,NEBRASKA °""" „,
Nonmajor Governmental Funds
.mo �'t � .
Special Revenue Funds }' F
i,,
TEU Ff.IPVn
Special Revenue Funds account for the proceeds from specific revenue sources that are restricted to expenditures
for specified purposes.
Judgment Fund—To accumulate resources for the purpose of providing a means to satisfy judgments, damage
claims, and related litigation expenses against the City. It is sustained by a Judgment Fund tax levy upon tangible
property. The actual and projected revenues are derived from a levy of 0.6 cents per$100 in 2007—2013.
Public Library Contribution Fund—To accumulate and hold special contributions for the library from outside
sources. Funds are generally restricted for specific purposes to enhance library operations. The trust fund
includes grants, gifts, State Aid, and contributions from Friends of the Library and the Library Foundation.
Library Fines and Fees Fund — To account for the revenues generated through fees and fines collected by the
Library.
Douglas County Library Supplement Fund — To account for the revenue generated by a property tax levy
assessed on Douglas County residents living in unincorporated areas. The Douglas County Board passed this
levy in 1995 for the purpose of providing countywide funding for the Omaha Public Library System.
KK� Miscellaneous Contribution Fund — To account for money collected and encumbered into this Expendable
Trust Fund. These short-term "small funds"are not large enough for the creation of a fund and are established for
the sole purpose of private entity or individual contributions for specific usage of funds. Organizations with
current year activity or previous year balances are shown individually on the Organization Sheet.
Keno/Lottery Proceeds Fund — To accumulate resources from the City's percentage of Keno revenue in the
City and account for activities financed with Keno revenues.
SID Administrative Fee Revenue Fund — To collect a 1% fee on Sanitary and Improvement District final
construction costs. The City ordinance#36247 passed April 29, 2003 authorized the City to collect a 1% fee (1%
of final construction costs) from subdivision applications using Sanitary and Improvement District (SID)
financing.
Storm Water Fee Revenue Fund — To account for revenues collected from a fee charged to all retail
Metropolitan Utilities District customers. The funds are used to implement administrative requirements of the
NPDES Storm Water Permit issued by the Nebraska Department of Environmental Quality in 2003. This
function is mandated by the Environmental Protection Agency of the Federal Government.
City Street Maintenance Fund —To account for the usage of City motor vehicle registration fees and street cut
fees. The City Motor Vehicle Registration Fee was increased to $50.00 per passenger vehicle, with a graduated
schedule for larger vehicles. The street cut fee, derived from local utilities and contractors, is based upon the size
of the street cut.Use of funds is restricted to street maintenance and repair purposes and their related costs.
Street and Highway Allocation Fund —To account for usage of State shared vehicle user taxes allocated to the
City. Usage of fund proceeds is restricted to street maintenance, improvements, and related purposes. In addition
to the state gasoline tax portion, cities and counties divide an additional 2 cents per gallon as authorized by the
1985 State Legislature.
98 (Continued)
CITY OF OMAHA,NEBRASKA
���1►i,:;
Nonmajor Governmental Funds
0 Special
r--
Special Revenue Funds
rEu er.ee��
Interceptor Sewer Construction Fund — To accumulate resources from the Special Sewer Connection Fees
charged to new plats outside the City limits within the Papillion Creek Watershed and existing platted lots as
they are developed. These fees are used to finance the extension and/or relief of existing interceptor sanitary
sewers in the Papillion Creek Watershed Basin.
Community Park Development Fund — To account for the costs of community park acquisition, and park
improvements in suburban Omaha. In addition, subdivision agreements include provisions for revenues to be
collected from Sanitary Improvement Districts at appropriate debt to value intervals.
Storm Water Management Plan Program—To account for storm water planning grants received. These funds
are used primarily for implementation.
State Turn Back Revenue Fund — To account for money collected upon adoption of LB 551 by the State
Legislature and amended in 2008 by LB 754 and LB 912. The City receives 70% of the state sales tax collected
through the CenturyLink Omaha and the Hilton hotel. The majority of these funds are used to repay the
CenturyLink debt. The remaining 10% of the City's revenue from this source is to be distributed for
tourism-related purposes in the areas of the City'with high concentrations of poverty.
Ballpark Revenue Fund — With the passage of City Ordinance #68123 dated June 1, 2008, the City Council
established the Ballpark Revenue Fund. The purpose of this special revenue fund is to accumulate excess College
World Series revenues for any purpose related to the New Stadium or its operations. The annual excess of Public
Funds that exceed the stadium debt service or the Variable Funds that exceed planned projections are to be
deposited into this fund. The City's portion of College World Series revenue shall also be deposited into this
fund. The City may retain all Public Surplus Funds in the event the fund balance of this fund exceeds
$10,000.000.
Keno Lottery Reserve Fund — To account for the reserve perpetual fund in accordance with Ordinance
No. 34688 passed in 1998. Twenty-five (25%) of all Keno revenue must be credited to this fund until the fund
balance reaches $2,370,000. After this reserve fund reaches $3,000,000, 25% of the interest earned stays in the
fund; 75% is appropriated as permitted.
Grants Fund — To account for costs associated with activities related to various grants received by the City,
which are designated for a specific purpose or period of time.
Greater Omaha Convention and Visitors Bureau Fund —To account for the operations of the Greater Omaha
Convention and Visitors Bureau, which is a City' department established to improve the City's economy by
attracting conventions and visitors.
Household Chemical Disposal Fund — To account for funds related to the collection of household hazardous
waste. In August 2001, an Interlocal Agreement between Omaha, Douglas, and Sarpy counties was executed to
establish a regional collection center for household hazardous waste(HHW).
Development Revenue Fund — To record fees collected on Tax Increment Financing (TIF) projects in
accordance with the City of Omaha Municipal Code, Section 24-150, Fees: Tax Increment Financing
Applications, Processing and Administration. Funds received will be used to fund additional staff required to
administer the processing of TIF applications.
99 (Continued)
CITY OF OMAHA,NEBRASKA °"14"
Nonmajor Governmental Funds ,15
o-
Special Revenue Funds
Technology and Training — To account for technology and training fees from any permit, inspection, zoning
approval, subdivision approval, board application, or other item sought from or performed by the Planning
Department. Fees collected will be used to defray the costs of enhancing the technological resources and training
of the Planning Department. This is City Council ordinance number 39121.
aaash
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CITY OF OMAHA,NEBRASKA
°.1�,►inn;:
Budaetary Comparison Schedule--Judgment Fund c"i i.s.L
Year ended December 31.2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Taxes property $ 1.668.146 1.668.146 1.684.675 16,529
Taxes in lieu 2.536 2.536 6.745 4,209 ,,
Total revenues 1.670.682 1.670.682 1.691,42(1 20.738
Expenditures:
General government 1.61 1.249 1.611.249 1.075,829 535.420 -
Total expenditures 1.611.249 1.61 1.249 1.075.829 535.420
Excess(deficiency)of revenues
over expenditures 59,433 59.433 615.591 556.158
Net change in fund balances 59.433 59.433 615.591 556,158
Fund balances—beginning 2.296.625 2.296,625 2.640.286 343.661
Fund balances—ending $ 2.356.058 2,356,058 3.255.877 899.819
See accompanying independent auditors' report.
109
CITY OF OMAHA,NEBRASKA ti^
Budgetary Comparison Schedule—Library Fine and Fees Fund
Year ended December 31.2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
— Original Final Actual (negative)
Revenues:
Charges for services $ 438,155 438.155 432,418 (5,737)
"` Total revenues 438,155 438,155 432,418 (5.737)
Expenditures:
Culture and parks 426,691 426,691 427,726 (1,035)
Total expenditures 426,691 426.691 427,726 (1,035)
Excess of revenues over
expenditures 11,464 11,464 4,692 (6,772)
— Net change in fund balance 11,464 11,464 4,692 (6,772)
Fund balances—beginning 1.652 1.652 2,661 1,009
Fund balances—ending $ 13,116 13.116 7.353 (5,763)
See accompanying independent auditors'report.
110
CITY OF OMAHA,NEBRASKA
Budgetary Comparison Schedule—Douglas County Library Supplement Fund
Year ended December 31.2013 ».
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Intergovernmental $ 2.219,825 2.219.825 2,895.235 675.410
Total revenues 2,219,825 2.219,825 2.895,235 675,410
Expenditures:
Culture and parks 3.553.790 3.553.790 3.553.790
Total expenditures 3.553,790 3.553.790 3.553.790
Excess of revenues over
expenditures (1.333.965) (1.333.965) (658.555) 675.410
Net change in fund balance (1.333.965) (1.333.965) (658,555) 675.410
Fund balances—beginning 132.897 132.897 1,178.240 1,045,343
Fund balances—ending $ (1.201,068) (1.201.068) 519.685 1.720.753
See accompanying independent auditors' report.
1ll .,
CITY OF OMAHA,NEBRASKA .
Budgetary p eta Comparison Schedule—Keno/LotteryProceeds Fund r
.. xE
Year ended December 31,2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
— Original Final Actual (negative)
Revenues:
Revenue from keno $ 5.414,500 5,414,500 6,987,178 1.572.678
°"" Total revenues 5,414,500 5,414,500 6.987,178 1.572,678
Expenditures:
General government — — 1,450,180 (1,450,180)
Public safety — — 718,655 (718.655)
Community development 3,231,000 3.231,000 474,988 2,756,012
Culture and parks — — 1,550,000 (1,550,000)
Debt service:
Principal — — 476,000 (476.000)
Interest 2,216,169 2,216,169 2,216,169 —
Total expenditures 5,447,169 5,447,169 6.885,992 (1,438,823)
Excess of revenues over
expenditures (32,669) (32.669) 101,186 133.855
Net change in fund balance (32.669) (32,669) 101,186 133,855
"` Fund balances—beginning (5,874) (5.874) (338.192) (332.318)
Fund balances—ending $ (38,543) (38,543) (237,006) (198.463)
See accompanying independent auditors' report.
112
CITY OF OMAHA,NEBRASKA ,r—...„
Budgetary Comparison Schedule—SIC)Administrative Fees Revenue Fund nr� =
Year ended December 31.2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Charges for services $ 62,000 62.000 59.764 (2,236)
Total revenues 62.000 62.000 59.764 (2,236)
Expenditures:
Community development 62.000 62.000 52.000 10,000
Total expenditures 62.000 62,000 52,000 10,000
Excess of revenues over
expenditures — — 7,764 7.764
Net change in fund balance — — 7.764 7.764
Fund balances—beginning
Fund balances—ending $ 7.764 7.764
See accompanying independent auditors' report.
113
CITY OF OMAHA,NEBRASKA a°"' '"`-c
Budgetary Comparison Schedule—Storm Water Fee Revenue Fund
Year ended December 31,2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Charges for services $ 1,600,000 1,600,000 1,485,548 (114,452)
Contributions and grants — — 108 108
Total revenues 1,600,000 1,600,000 1,485.656 108
Expenditures:
Other public services 1,586,373 1,586,373 1,098,701 487,672
Capital outlay 10.298 10.298 26,721 (16,423)
Total expenditures 1,596,671 1,596,671 1,125,422 471.249
Excess of revenues over
expenditures 3.329 3,329 360,234 356,905
Other financing uses:
Transfer out (48,173) (48,173)
Total other financing uses (48,173) (48.173)
Net change in fund balance 3,329 3,329 312,061 308,732
Fund balances—beginning 808,820 808,820 1,882,296 1,073,476
Fundbalances—ending $ 812,149 812,149 2,194,357 1,382,208
See accompanying independent auditors' report.
114
CITY OF OMAHA,NEBRASKA ,J
Budgetary Comparison Schedule—City Street Maintenance and r s'I1
Year ended December 31.2013 `
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Charges for services $ 19.492,421 19.492.421 24.364.743 4.872.322
Rents and royalties 3.015,000 3,015.000 23.441 (2.991.559)
Contributions and grants 400.000 400.000 2.022,477 1.622.477
Total revenues 22.907.421 22.907.421 26.410.661 3.503.240
Expenditures:
General government 430.000 430.000 394.707 35.293
Transportation services 26.621.548 26.621.548 31.536,347 (4.914.799)
Culture and parks 286.991 286,991 105.343 181.648
Capital outlay — 46.606 (46,606)
Total expenditures 27.338.539 27,338.539 32.083.003 (4,744,464)
Deficiency of revenues
over expenditures (4,431.118) (4.431.118) (5.672.342) (1.241.224)
Other financing uses:
Transfers in 5,275,694 5.275.694
Total other financing uses 5.275.694 5.275.694
Net change in fund balances (4.431.118) (4,431.118) (396.648) 4.034.470
Fund balances—beginning 3.303,762 3.303,762
Fund balances—ending $ (4,431.118) (4,431.118) 2,907,1 14 7,338,232
See accompanying independent auditors' report.
115
CITY OF OMAHA,NEBRASKA ' ",'"`"
-
Bud etarY Comparison Schedule-Street and Highway Allocation Fund "%-^'
%1%Year ended December 31,2013 -' *
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Ma
Original Final Actual (negative)
Revenues:
Intergovernmental $ 32.274,489 32,274,489 34.215,504 1,941,015
Charges for services — — 934.875 934.875
Rents and royalties 44,000 44,000 176.220 132,220
Contributions and grants 155.492 155.492
Total revenues 32,318.489 32.318,489 35,482.091 3.163.602
Expenditures:
General government 4,023,218 4,023,218 3,365,906 657,312
Transportation services 28,848,589 28.848,589 23,422,522 5,426,067
°- Culture and parks 4,995 (4,995)
Debt service:
Principal 186,000 186,000 185,000 1,000
Interest 67,270 67,270 97,239 (29,969)
Capital outlay 3,840,179 (3.840.179)
Total expenditures 33,125,077 33,125,077 30.915,841 2.209,236
Excess of revenues over
expenditures (806,588) (806,588) 4,566,250 5,372,838
Other financing sources(uses):
Transfers in — 325.000 (325,000)
— Transfers out (5,385.884) 5,385,884
Total other financing sources(uses) (5,060.884) 5,060,884
Net change in fund balance (806,588) (806,588) (494,634) (311,954)
Fund balances-beginning 1,816,184 1,816,184 9,741,317 7,925,133
Fund balances-ending $ 1,009.596 1,009.596 9.246,683 8,237.087
See accompanying independent auditors' report.
116
CITY OF OMAHA,NEBRASKA of..K....,.c
rt
Budgetary Comparison Schedule—Interceptor Sewer Construction Fund 3_
Year ended December 31.2013 4, ,.,-
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Licenses and permits $ 703.000 703.000 1.428,670 725.670
Total revenues 703.000 703.000 1.428,670 725.670
Expenditures:
Other public services 1.700.000 1.700.000 1,700,000
Total expenditures 1.700.000 1.700.000 1,700.000
Deficiency of revenues
over expenditures (997.000) (997.000) 1.428.670 2.425.670
Other financing sources(uses):
Transfers out — (42.772) 42,772
Total other financing uses (42.772) 42.772
Net change in fund balance (997.000) (997.000) 1.385.898 2.382.898
Fund balances—beginning 564.136 564.136 3.345.397 2.781.261
Fund balances—ending $ (432.864) (432.864) 4.731,295 5.164,159
See accompanying independent auditors' report.
i 1 7
CITY OF OMAHA,NEBRASKA
Budgetary Comparison Schedule—Community Park Development Fund ;.,;
Year ended December 31,2013 ,
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Charges for services $ 150,000 150.000 450,703 300,703
Total revenues 150,000 150,000 450.703 300,703
Expenditures:
Total expenditures — — — —
Excess(deficiency)of revenues
over expenditures 150,000 150.000 450.703 300,703
Net change in fund balance 150.000 150.000 450,703 300,703
Fund balances—beginning (2,500,385) (2.500.385) (2,422.707) 77,678
Fund balances—ending $ (2,350.385) (2,350,385) (1,972.004) 378,381
See accompanying independent auditors'report.
118
CITY OF OMAHA,NEBRASKA "'"'ti
.5_a
Budgetary Comparison Schedule—State Turn Back Revenue Fund ,
Year ended December 31.2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Intergovernmental $ 265,000 265.000 233.422 (31.578)
Total revenues 265.000 265.000 233.422 (31.578)
Expenditures:
Community development 261.725 261.725 242.741 18.984
Total expenditures 261,725 261,725 242,741 18.984
Excess of revenues over
expenditures 3.275 3.275 (9,319) (12.594)
Net change in fund balance 3.275 3.275 (9.319) (12.594)
Fund balances—beginning 45.036 45.036 40,342 (4.694)
Fund balances—ending $ 48.311 48.311 31.023 (17.288)
See accompanying independent auditors' report.
119
CITY OF OMAHA,NEBRASKA
Budgetary Comparison Schedule—Keno/Lottery Reserve Fund - E Year ended December 31,2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Investment income $ 100.000 100,000 104,197 4,197
Total revenues 100.000 100,000 104,197 4,197
Expenditures:
Culture and parks 75,000 75,000 75,000 Total expenditures 75,000 75,000 75,000 Excess of revenues over
expenditures 25,000 25,000 29,197 4.197
Net change in fund balance 25,000 25,000 29,197 4,197
Fund balances—beginning 3,361,741 3,361,741 3,331,576 30,165
Fund balances—ending $ 3,386,741 3.386,741 3,360,773 (25,968)
See accompanying independent auditors' report.
120
CITY OF OMAHA,NEBRASKA
Budgetary Comparison Schedule—Greater Omaha Convention and Visitors Bureau Fund .. R:
Year ended December 31.2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Taxes business $ 3,198.103 3.198.103 717.317 (2.480,786)
Intergovernmental — 2.953.038 2.953.038 -
Charges for services 150.500 150.500 168,198 17.698
Rents and royalties — 38.878 38.878
Total revenues 3.348.603 3.348.603 3,877.431 528.828
Expenditures:
General government 89.789 89.789 69.030 20.759
Community development 3.187.937 3.187.937 3.006.958 180,979
Total expenditures 3.277.726 3.277.726 3.075.988 201.738
Excess(deficiency)of revenues
over expenditures 70.877 70.877 801.443 730.566
Net change in fund balance 70.877 70.877 801.443 730.566
Fundbalances—beginning 792.032 792.032 1.685.208 893.176
Fund balances—ending $ 862.909 862.909 2.486.651 1.623.742
See accompanying independent auditors' report.
121
CITY OF OMAHA,NEBRASKA *4..
Budgetary Comparison Schedule—Household Chemical Disposal Fund
Year ended December 31,2013 `�* '
(Unaudited)
Variance with
final budget
Budgeted amounts positive
,M... Original Final Actual (negative)
Revenues:
Intergovernmental $ 293,000 293,000 64,011 (228,989)
,_,„, Contributions and grants 80,000 80,000 366,883 286.883
Total revenues 373,000 373,000 430.894 57.894
Expenditures:
.— Other public services 437.562 437,562 401,588 35.974
Capital outlay — — 11,567 (11.567)
Total expenditures 437,562 437,562 413,155 24,407
—4 Deficiency of revenues
over expenditures (64.562) (64.562) 17,739 82.301
Other financing uses:
Transfers in — — 31,765 31,765
Total other financing uses 31,765 31,765
Net change in fund balance (64,562) (64,562) 49,504 114,066
Fundbalances—beginning (139,068) (139,068) (77,060) (62,008)
Fund balances—ending $ (203,630) (203,630) (27,556) 176,074
See accompanying independent auditors'report.
.44
M.
122
CITY OF OMAHA,NEBRASKA 0,011A"Fs
Nonmajor Governmental Funds Jet,%7:415
Debt Service Fund
TFu Pf eaV
The Debt Service Funds are used to account for the resources for, and the payment of, general long-term debt
principal,interest, and related costs.
Riverfront Redevelopment Special Tax Fund—To accumulate revenues and pay bond and interest obligations
on Redevelopment Bonds. The property tax levy for 2006, 2007, 2008, and 2009 is 0.894 cents per $100 of
taxable valuation. It was increased to 1.594 cents per $100 of taxable valuation in 2010 and is the same through
2013.
This Redevelopment Debt Service Fund services the following issuances:
Name Date of issue Date retired
Downtown Redevelopment 1999 2019
2002 Redevelopment(Stockyards and Downtown) 2002 2032
2002 Special Obligation(Riverfront) 2002 2032
2004 Performing Arts Redevelopment 2004 2024
Special Tax Revenue Redevelopment 2007 2027
Special Tax&Tax Allocation Revenue Redevelopment A 2007 2016
2008 Special Obligation(Riverfront) 2008 2013
Riverfront Redevelopment Refunds Series 2008A 2008 2026
Special Tax Revenue Redevelopment 2008 2028
Special Tax Revenue Redevelopment 2009 2012
Special Tax Revenue Redevelopment 2009 2029
These bonds are serviced by a variety of revenue sources including Property Tax Revenue, Tax Allocation
Revenue, State Cigarette Tax,NRD Miller Park Contribution, Douglas County Miller Park Contribution, Century
Link naming rights, and land sales.
123
CITY OF OMAHA,NEBRASKA ",tie, y
+�41, Y
Balance Sheet
Nomnajor Debt Service Fund—Riverfront Redevelopment Special Tax Fund
December 31, 2013
Riverfront
redevelopment
special
Assets tax
Cash and pooled investments $ 2,891,633
Receivables (net of allowance for uncollectibles) 6,690,543
Due from other governments 401,662
Total assets $ 9,983,838
Liabilities,Deferred Inflows of Resources and Fund Balances
Liabilities:
Accounts payable and other current liabilities $ 5,125
Unearned revenue 851
Total liabilities 5,976
Deferred inflows of resources:
Advanced revenue 6,688,009
Fund balances:
Restricted 3,289,853
Total fund balance 3,289,853
Total liabilities, deferred inflows of resources and fund balance $ 9,983,838
See accompanying independent auditors" report.
124
CITY OF OMAHA,NEBRASKA NKM h
ANIF
N
Statement of Revenues, Expenditures, and Changes in Fund Balancestvin 1 • '
Nonmajor Debt Service Fund—Riverfront Redevelopment Special Tax Fund
Year ended December 31, 2013
Riverfront
redevelopment
special
tax
Revenues:
Taxes:
Property $ 6,511,258
In lieu 17,918
Intergovernmental 1,500,000
Rents, royalties, and other 825,000
Contributions and grants 191,072
Total revenues 9,045,248
Expenditures:
Current:
General government 64,240
Debt service:
Principal 4,939,870
Interest 4,550,975
Total expenditures 9,555,085
Other financing sources:
Total other financing sources Net change in fund balances (509,837)
Beginning fund balance 3,799,690
Ending fund balance $ 3,289,853
See accompanying independent auditors' report.
125
CITY OF OMAHA,NEBRASKA
Budgetary Comparison Schedule—Debt Service Fund(Major Fund) 4+r #r E
Year ended December 31.2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Taxes property $ 53.605.839 53.605.839 54,436.350 830.511
Taxes in lieu -- 216.736 216.736
Intergovernmental 2.877.367 2.877.367 2.100.803 (776.564)
Investment income 275.000 275.000 351.007 76.007
Charges for services 2.271.647 2.271,647 1.954.582 (317.065)
Contributions and grants 303.420 303,420 1.762,626 1.459.206
Total revenues 59.333.273 59,333.273 60.822.104 1.488,831
Expenditures:
General government 576.219 576.219 703.734 (127.515) -
Debt service:
Principal 40.647.695 40,647.695 40.839.764 (192.069)
Interest 23.395,523 23.395.523 22.976,964 418.559
Bond issuance costs 237,582 (237,582) w
Total expenditures 64.619.437 64.619.437 64.758,044 (138.607)
Excess(deficiency)of revenues
over expenditures (5.286.164) (5286,164) (3.935,940) 1.350.224
Other financing sources(uses):
Proceeds from refunding of bonds 10,645,000 10.645.000
Proceeds from bond premium 743.706 743.706
Payment for current refunding — (10.895.000) (10.895.000)
Total other financing sources — 493.706 493.706
Net change in fund balance (5.286.164) (5.286.164) (3.442.234) 1.843.930
Fund balances—beginning 13.346.440 13.346.440 18.689.053 5.342.613
Fund balances—ending $ 8,060.276 8.060.276 15.246.819 7,186.543
See accompanying independent auditors' report.
126 ww.
CITY OF OMAHA,NEBRASKA � ..
Budgetary Comparison Schedule—Riverfront Redevelopment Special ( ,,77
Tax Fund(Nonmajor Debt Service Fund) -.; �:
Year ended December 31,2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
` Taxes property $ 6,702,670 6,702,670 6,511.258 (191,412)
Taxes in lieu 17.918 17,918
Intergovernmental 1,506,724 1,506,724 1,500,000 (6,724)
Investment income — — — —
Rents,royalties,and other — — 825,000 825,000
Contributions and grants 1,056.455 1,056,455 191,072 (865.383)
Total revenues 9,265.849 9.265,849 9,045,248 (220.601)
Expenditures:
General government 58,274 58.274 64,240 (5,966)
Debt service: _
Principal 4,287,515 4.287,515 4,939,870 (652,355)
Interest 5,443,906 5.443.906 4.550,975 892,931
Total expenditures 9.789,695 9,789,695 9.555,085 234.610
Deficiency of revenues over
expenditures (523,846) (523,846) (509.837) 14.009
Net change in fund balance (523,846) (523,846) (509,837) 14,009
..— Fund balances—beginning 2,654,372 2,654,372 3,799,690 (1,145.318)
Fund balances—ending $ 2,130,526 2,130,526 3.289,853 1.1 59.327
See accompanying independent auditors'report.
— 127
CITY OF OMAHA,NEBRASKA °"""""t
Nonmajor Governmental Funds �
off;rs�0 .
Capital Project Funds a`"
rEu woo,
The Capital Projects Funds are used to account for and report financial resources that are restricted, committed,
or assigned to expenditure for capital outlays, including the acquisition or construction of capital facilities and
other capital facilities and other capital assets. Capital projects funds exclude those types of capital related
outflows financed by proprietary funds or for assets that will be held in trust for individuals, private
organizations, or other governments.
ASARCO/Lewis and Clark Remediation Fund — To develop initial public improvements associated with the
conversion of the ASARCO property to a public recreational area, along with other improvements along the
riverfront. Improvements will include trails, benches, landscaping, roads, parking lots, and similar public
developments. In addition, the agreement requires ASARCO to deposit $1.5 million to be invested by the City to
fund long-term remediation costs.
Advanced Acquisition Fund —To account for net proceeds from the sale or exchange of real property. The net
proceeds from the sale or exchange of real property not needed for public purposes are to be credited to this fund.
Section 5.03 of the Municipal Code permits usage of available funds to facilitate the orderly and timely
acquisition of real estate for public purposes as proposed in the master plan.
City Capital Improvement Fund — To account for money supplemented by General Fund appropriations and
grants used to fund various city projects.
2006 Environmental Bond Fund —To account for money received through the issuance of a general obligation
bond voted on in the May 2006 primary election. Proceeds from the sale of the bond are used toward the cost of
construction and improvement of storm, sanitary, and interceptor sewers throughout the City.
2010 Environmental Bond Fund—To account for money received through the issuance of a general obligation
bond voted on in the May 2010 primary election. Proceeds from the sale of the bond are used toward the cost of
construction and improvement of storm, sanitary, and interceptor sewers throughout the City.
Airport Business Park Development Fund — To account for contributions received from developers who
request Tax Increment Financing throughout the Downtown Northeast area. This requirement is incorporated in
the Redevelopment Agreement between the City of Omaha and the developer when sewer connections are
required within the Airport Industrial Park and/or East Omaha Detention Cells. All sewer connection fees within
this area are paid by this fund. Other funding is provided by TIF proceeds and the sale of land.
2006 Transportation Bond Fund — To account for money received through the issuance of general obligation
bonds in the May 2006 primary elections. Proceeds from the sale of these bonds are used toward the cost of
construction and improvement of streets, expressways, freeways, and various bridge improvements throughout
the City.
2010 Transportation Bond Fund — To account for money received through the issuance of general obligation
bonds in the May 2010 primary elections. Proceeds from the sale of these bonds are used toward the cost of
construction and improvement of streets, expressways, freeways, and various bridge improvements throughout
the City.
2006 Public Facilities Bond Fund — To account for the construction of projects funded with proceeds from the
2006 Public Facility Bond Authorization. The Bond Authorization amount is $16,410,000.
128 (Continued)
CITY OF OMAHA,NEBRASKA """"~Fa.
Nonmajor Governmental Funds o �'�`,^te
Capital Project Funds
Teo resa�
2010 Public Facilities Bond Fund— To account for the construction of projects funded with proceeds from the
2010 Public Facility Bond Authorization. The Bond Authorization amount is $8,025,000.
2006 Public Safety Bond Fund — To account for money received through the issuance of general obligation
bonds in the May 2006 primary election. Proceeds from the sale of these bonds will be used for various public
safety capital expenditures, including the purchase of aerials, pumpers, and emergency vehicle preemption
system equipment.
2010 Public Safety Bond Fund — To account for money received through the issuance of general obligation
bonds in the May 2010 primary election. Proceeds from the sale of these bonds will be used for various public
safety capital expenditures, including the purchase of aerials, pumpers, and emergency vehicle preemption
system equipment.
2006 Parks and Recreation Bond Fund — To account for the City of Omaha 2006 Bond issue. The City of
Omaha citizens voted and approved, in the spring of 2006, to issue $16,930,000 in General Obligation bonds.
This money will be used for development and rehabilitation of City of Omaha Parks, and Recreations Centers.
2010 Parks and Recreation Bond Fund — To account for the City of Omaha 2010 Bond issue. The City of
Omaha citizens voted and approved on May 11, 2010 to issuance of$14,410,000 in General Obligation bonds.
This money will be used for development and rehabilitation of City of Omaha Parks and Recreations Centers.
Downtown Stadium & Companion Project—To account for the construction of a new City baseball stadium to
be built between 10th and 13th Streets between Cuming and Webster Streets. The City of Omaha Facilities
Corporation will issue lease purchase bonds to provide funding. On June 10, 2008, the Omaha City Council
adopted Ordinance 38124 approving the Sixth Amendment to the Agreement and Lease regarding the Omaha
Convention Center/Arena between the City and MECA (Metropolitan Entertainment &Convention Authority)to
provide for the construction and operation.
Pedestrian Trail Bridge—Joint Use Omaha/Council Bluffs Fund — To account for moneys spent toward the
operation and maintenance of the Missouri River Pedestrian Bridge. Funds received in this fund may be used
toward inspection, operation and maintenance costs of the crossing bridge.
Missouri River Pedestrian Bridge Fund — To account for the costs associated with the construction of the
Missouri River Pedestrian Bridge.
Back to the River Project Fund — To track expenditures associated with the Riverfront Trail — North/North
Omaha Connector Grant. The City of Omaha received this grant from the Nebraska Department of Roads to
construct two major trails, the riverfront trail from ASARCO north to NP Dodge Park and the North Omaha
Connector, which will connect this to the Keystone Trail.
129 (Continued)
CITY OF OMAHA,NEBRASKA °.4"'kt,
Nonmajor Governmental Funds
Capital Project Funds '',rE. ��°
p"e�
UNMC Infrastructure Improvements Fund — To account for the redevelopment of 42nd Street within the
University of Nebraska Medical Center campus. The fund will provide for fully reimbursable expenditures for
street and other infrastructure development to the site. The project entails a reduction from 4 to 2 lanes of through
traffic creating a pedestrian friendly streetscape. The project has been expanded to include the study of the
relocation of Saddle Creek Road to the west permitting development of the previous roadbed into an urban
campus.
Downtown Development Fund—To account for the redevelopment of the site known as Pinnacle Foods located
across 10th Street from the CenturyLink Center. The fund represents the City's exercise of its "right of first
refusal"to acquire this prime development property.
Library Facilities Capital Fund—To pay off yearly bond obligations for capital projects to improve facilities of
the Omaha Public Library. Phase II of this project would include purchase of land in west central, southwest, and
northwest Omaha areas. Other projects include the renovation of W. Dale Clark Library, Swanson Branch, and
Abrahams Branch.
Capital Special Assessment Fund — To account for Public Works assessments for sidewalks and sewer repairs
done by the City. This is assessed annually for the homeowner with outstanding bills. S.I.D.'s are also billed for
street and sewer repairs.
Service Special Assessment Fund — To account for a Parks and Recreation fund to enforce the city codes for
weeds, litter, and demolition of buildings. This is assessed annually for the homeowner with outstanding bills.
130
(ITV OF OMAHA,NEBRASKA f""
_�.„Combining Balance Sheet -_
Nonmajor Capital Projects Funds \\
December 31.2013
ASARCO/ Airport
Lewis& 2006 2010 Business 2006 2010
Clark Advanced ('ity Capital Environmental Environmental Park Transportation Transportation 2006 Public
Assets Remediation Acquisition Improvement Bond Bond Development Bond Bond Facilities Bond
Cash and pooled investments $ 328 9,895 4,662 165,191 766 64,058 383 1,324 624,321
Investments 1,477,086 -- --
Receivables(net of allowance for uncollectibles) 1,357,120 803,483
Due from other governments 146.604 43,084
Due from other funds 418.000 3.280,000 -- 1,245,000 596,600
Accrued interest -
Other assets 498,899
Deposits with trustee 5,336,387
Total assets $ 1,895,114 3,289.895 5,986,552 165,191 1,245,766 660,658 1,400,587 804.807 624,321
Liabilities,Deferred Inflows of
Resources and Fund Balances
Liabilities-
Accounts payable and other current liabilities $ -- 2.855 162,089 16,918 377,833 -- 72,99(1 802,670 31,792
Due to other funds -- 2,630,000 251,000 2,030,000
Due to governments - --
Total liabilities -- 2,855 2,792,089 16,918 377,833 323,990 2.832,670 31,792
Deferred inflows of resources:
Advanced revenue 30,412 -- 568,852 122,606 --
fund balance(deficit):
Restricted -- 148,273 867,933 507,745 592,529
Committed 1,895.414 3,287,040
Assigned --- 3,622,899 -- 660,658 -
Unassigned - (458,848) - - -- -- (2,150,469) -
Ibtal fund balance(deficit) 1,895,414 3,287,04(1 3,164,051 148,273 867,933 660,658 507,745 (2,150,469) 592,529
Total liabilities,deferred inflows
of resources and fund balance $ 1,895,414 3,289,895 5,986,552 165,191 1,245,766 660,658 1,400,587 804,807 624,321
See accompanying independent auditors'report. (Continued)
131
1 a
CITY OF OMAHA,NEBRASKA
Combining Balance Sheet I 0.a
Nonmajor Capital Projects Funds
December 31,2013
Pedestrian
Downtown Trail Bridge Missouri
2006 2010 2006 Parks 2010 Parks Stadium& Joint Use River
2010 Public Public Safety Public Safety and Recreation and Recreation Companion Omaha/Council Pedestrian Back to the
Assets Facilities Bond Bond Bond Bond Project Bluffs Bridge River Project
Cash and pooled investments $ 2,902 - 615,180 1,185,093 100,552 264,246 345
Investments - -
Receivables(net of allowance for uncollectibles) - 12,764 100,000 4,000,000 70,000 -
Due from other governments - - 12,027
Due from other fundsAccrued interest
interest - -
Other assets
Deposits with trustee - - 1,295,319
Total assets $ 2,902 - 615,180 1,197,857 200,552 5,295,319 264,246 70,000 12,372
Liabilities,Deferred Inflows of
Resources and Fund Balances
Liabilities:
Accounts payable and other current liabilities $ 207,511 2,925 (10,012) 560,695 7,263 345
Due to other funds 555,000 - - -- 4,000,000 - 70,000 -
Due to governments -
Totalliabilities 762,511 2,925 (10,012) 560,695 4,000,000 7,263 70,000 345
Deferred inflows of resources:
Advanced revenue - 12,764 - 70,000 12,027
Fund balance(deficit):
Restricted 612,255 1,195,105 1,295,319 256,983
Committed - -
Assigned
Unassigned (759,609) (360,143) - (70,000)
Total fund balance(deficit) (759,609) 612,255 1,195,105 (360,143) 1,295,319 256,983 (70,000)
Total liabilities,deferred inflows
of resources and fund balance $ 2,902 615,180 1,197,857 200,552 5,295,319 264,246 70,000 12,372
See accompanying independent auditors'report. (Continued)
132
CITY OF OMAHA,NEBRASKA
Combining Balance Sheet
Nonmajor Capital Projects Funds
December 3I,2013
UMW Library Capital Total
Infrastructure Downtown Facilities Special Service Special Capital
Assets Improvement Development Capital Assessment Assessment Projects
Cash and pooled investments 5 48 94 840.949 3,880,337
Investments ---- 1,477,086
Receivables(net of allowance for uncollectibles) 1452 1.098,562 2472,434 9,915,815
Due from other governments 25,000 1.975 1,990 230,680
Due from other funds 5,539,60(1
Accrued interest 83 352 435
Other assets - - 498,899
Deposits with trustee - - - 6,631,706
Total assets S 25,000 1,500 1,100,714 3,315,725 28,174,558
Liabilities,Deferred Inflows of
Resources and Fund Balances
Liabilities:
Accounts payable and other current liabilities S 52 2,235,926
Due to other funds - 1,500 2,100 -- 9,539,600
Due to governments 25,000 -. - 25,000
Total liabilities 25,000 1,500 — 2,152 -- 11,800,526
Deferred inflows of resources:
Advanced revenue -- 1,098,562 2.457,377 4,372,600
Fund balance(deficit).
Restricted 5,476,142
Committed 858,348 6,040,802
Assigned -- - 4,283,557
Unassigned (3,799,069)
Total fund balance(deficit) 858,348 12,001,432
Total liabilities,deferred inflows
of resources and fund balance S 25,000 1,500 I,10(1,714 3,315,725 28,174,558
See accompanying independent auditors'report
133
fi t f ,. r
1 I t 1 I 1 1 i i;
CITY OF OMAHA,NEBRASKA "
Combining Statement of Revenues,Expenditures,and Changes in Fund Balances
Nonmajor Capital Project Funds _':
Year ended December 31,2013
ASARCO/ Airport
Lewis& 2006 2010 Business 2006 2010
Clark Advanced City Capital Environmental Environmental Park Transportation Transportation 2006 Public
Remediation Acquisition Improvement Bond Bond Development Bond Bond Facilities Bond
Revenues:
Investment income(loss) (12,508) - 870 -
Charges for services - 478,529 - - -
Rents,royalties,and other - - - _
Contributions and grants - 140,414 - 265,966 30,000 1,194,372 2,795,693 -
Total revenues (12,508) 478,529 141,284 - 265,966 30,000 1,194,372 2,795,693 -
Expenditures:
Current:
General government - - - -
Public safety - 911,823 -- -
Transportation services - -
Community development 42,183 (21,076)
Culture and parks - 25,038 - -
15,193
Debt service:
Principal - - __
Interest __ - - -
Debt issuance costs - 15,739 -
Capital outlay:
Other public services - 200,811 2,746,423 - - 199,985
Public safety 1,633.991
Culture and parks - 665,757 - - --
General government - -
Transportation - 4,498,740 13,987,448 --
Community development 543,390 - ---- - -
Total expenditures 42,183 3,795,738 200,811 2,746,423 (21,076) 4,498,740 13,987,448 215,178
Other financing sources(uses):
Transfers in - 151,509 - 165,805 - - 16,407 -
Transfers out _ -
Proceeds from the issuance of bonds ( 38,2 (325,000)
- 835,000 1,146,000 8,738,250
Proceeds from bond premium - - 4,761 46,000 350,750
Total other financing sources(uses) - 991,270 - 1,357,805 8,939,602 (325,000)
Excess(deficiency)revenues over expenditures (12,508) 436,346 (2,663,184) (200,811) (1,122,652) 51,076 (3,304,368) (2,252,153) (540,178)
Fund balances(deficit)-beginning 1,907,922 2,850,694 5,827,235 349,084 1,990,585 609,582 3,812,113 101,684 1,132,707
Fund balance(deficit)-ending $ 1,895,414 3,287,040 3,164,051 148,273 867,933 660,658 507,745 (2,150,469) 592.529
See accompanying independent auditors'report. (Continued)
134
CITY OF OMAHA,NEBRASKA /�,��'
Combining Statement of Revenues.Expenditures.and Changes in Fund Balances (*#'x„,
P K §(yr:K r�.
Nonmajor Capital Project Funds
Year ended December 31.2013
Pedestrian
Downtown 'frail Bridge Missouri
2006 2010 2006 Parks 2010 Parks Stadium& Joint Use River
2010 Public Public Safety Public Safety and Recreation and Recreation Companion Omaha/Council Pedestrian Back to the
Facilities Bond Bond Bond Bond Project Bluffs Bridge River Project
Revenues:
Investment income(loss) -- -- ---
Charges for services 40,000 - - 794,415 -- ---
Rents.royalties.and other --- -- -- -- ---. -- ---- -
Contributions and grants 291,905 11.1)00,000 130,000 30,000
Total revenues 40,000 291,905 11.794.415 130,01)0 30,000
Expenditures:
Cun ent:
General gin,eminent - --
Public safety
Transportation services -- -- -- ---
Conununity development - — — -- --.
Culture and parks 39.704 -- 141.697 ---
Debt service:
Principal 240.967
Interest -- - 53,448 --
Debt issuance costs
Capital outlay:
Other public services - -
Public safety 1.138,096 275.000 1,357,978
Culture and parks 1,643.183 - (78,951) 5.591.91)5 317,542 18,7,19
General government
Transportation
Community development 256,088 -- --
Total expenditures 3,077,071 275.000 1,357.978 (78,951) 5,591.905 611,957 190446
Other financing sources(uses).
Transfers in 207 -- 59,557 603,315 -- 130.000 --
Transfers out (150,325) (59,557) -- -- (603,314)
Proceeds from the issuance of bonds 1.002 750 1,575,750 1.862,250 243.783
Proceeds from bond premium 40,250 63,250 74,750 --.
Total other financing sources(uses) 892,882 (59,557) 1,698,557 2,540,315 243,783 130,000 (603.314)
Excess(deficiency)revenues over expenditures (2,144.189) (334.557) 340,579 78,951 (2,759,685) 11,426,241 69.554 311,000 (603,314)
Fund balances(deficit)-beginning 1,384,580 334.557 271,676 1.116,154 2,399,542 (10,130,922) 187,429 1100,000) 603,314
Fund balance(deficit) -ending S (759,609) 612,255 1.195,105 (360,143) 1.295,319 256.983 170,000) --
See accompanying independent auditors'report- (Continued)
135
t k
CITY OF OMAHA,NEBRASKA
4 i4
Combining Statement of Revenues,Expenditures,and Changes in Fund Balances '' '��:�
ft?
Nonmajor Capital Project Funds ;3
Year ended December 31,2013
UNMC Library Capital Total
Infrastructure Downtown Facilities Special Service Special Capital
Improvement Development Capital Assessment Assessment Projects
Revenues:
Investment income(loss) — 34,100 38,666 61,128
Charges for services 17,424 525,050 239,502 2,094,920
Rents,royalties,and other
Contributions and grants 3,423 3,423
— — 1,197,004 17,075,354
Total revenues 17,424
1,756,154 281,591 19,234,825
Expenditures:
Current:
General government
Public safety — — — 21,669 4,512 26,181
— —
Transportation services — — — 911.823
Community development -- — 00,000 50,000
Culture and parks 960 3 ,000 322,067
Debt service: —_- — 25,000 246,632
Principal
—
Interest — — — — 240,967
—Debt issuance costs — 53,448
Capital outlay: — 15,739
Other public services
Public safety — — — — -- 3,147,219
—
Culture and parks — — — — 4,405,065
General government — — 8.188,185
Transportation 1,544,295-- 1,486,195
Community development — — — 18486 88
— — 799,478
Total expenditures — 960 — 1,940,964 4,512 38,437,287
Other financing sources(uses):
Transfers in
Transfers out — — — 99,077 — 1,225,877
Proceeds from the issuance of bonds — (16,698) (207) — (99,077) (1,419,983)
Proceeds from bond premium 15,403,783
579,761
Total other financing sources(uses) (16,698) (207) 99,077 (99,077) 15,789,438
Excess(deficiency)revenues over expenditures (234) (207) (85,733) 178,002 (3,413,024)
Fund balances(deficit)—beginning -- 234 207 85,733 680.346 15,414,456
Fund balance(deficit)—ending $ — 858,348 12.001,432
See accompanying independent auditors'report.
136
CITY OF OMAHA,NEBRASKA ARID ,
Budgetary Comparison Schedule—Advanced Acquisition Fund ,�stF'�"E
Budgetary , �
=°gym=
Year ended December 31.2013 ',,:,
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative) ..
Revenues:
Charges for service $ 478.529 478.529
Total revenues -- 478.529 478,529
Expenditures:
Community development — 42.183 (42,183)
Capital outlay 1.900.000 1.900.000 1.900.000
Total expenditures 1.900,000 1.900.000 42.183 1.857.817
Deficiency of revenues under
expenditures (1.900.000) (1.900,000) 436,346 2.336.346
Other financing sources:
Total other financing sources — �.
Net change in fund balance (1.900.000) (1.900.000) 436.346 2336,346
Fund balances—beginning 793.657 793,657 2.850,694 2.057.037
Fund balances—ending $ (1,106.343) (1.106.343) 3.287,040 4.393.383
See accompanying independent auditors report.
.44
137 ,."
CITY OF OMAHA,NEBRASKA •..
Budgetary Comparison Schedule—2010 Environmental Bond Fund 3 _- ')
r:,v
Year ended December 31,2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Contributions and grants $ — — 265,966 265,966
Total revenues — — 265,966 265,966
Expenditures:
Capital outlay 4.219,000 4.219,000 2,746.423 1,472,577
Total expenditures 4,219,000 4,219.000 2,746,423 1.472,577
Deficiency of revenues under
expenditures (4,219.000) (4.219,000) (2.480,457) 1,738,543
Other financing sources:
Transfers in 165,805 165,805
Proceeds from issuance of bonds 4,219.000 4.219,000 1,146,000 (3.073.000)
Proceeds from bond premium — — 46,000 46,000
Total other financing sources 4.219,000 4,219,000 1.357,805 (2.861,195)
Net change in fund balance — — (1,122,652) (1,122,652)
Fund balances—beginning — — 1,990.585 1.990.585
Fund balances—ending $ — — 867,933 867.933
See accompanying independent auditors'report.
138
CITY OF OMAHA,NEBRASKA
Budgetary Comparison Schedule—2010 Transportation Bond Fund
Year ended December 31.2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Contributions and grants S — 2.795,693 2.795.693
Total revenues — 2.795,693 2.795.693
Expenditures:
Capital outlay 14,683.000 14.683,000 13.987,448 695.552
Total expenditures 14.683.000 14.683.000 13.987.448 695.552
Deficiency of revenues under
expenditures (14.683.000) (14,683.000) (11.191.755) 3.491.245
Other financing sources(uses):
Proceeds from issuance of bonds 14.683.000 14.683.000 8.738,250 (5,944,750)
Proceeds from bond premium 350.750 350.750
Transfers in 16.407 16.407
Transfers out (165,805) (165,805)
Total other financing sources 14.683,000 14.683.000 8.939.602 (5.743.398)
Net change in fund balance (2.252.153) (1252,153)
Fund balances—beginning 101.684 101.684
Fund balances—ending S (2.150.469) (2,150.469)
See accompanying independent auditors' report.
139
CITY OF OMAHA,NEBRASKA �'.
Budgetary Comparison Schedule—2010 Public Facilities Bond Fund ' 'F�.:,i
lire ;
Year ended December 31,2013 �.
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Charges for services $ — — 40,000 40,000
— Total revenues — — 40,000 40.000
Expenditures:
Culture and parks — 39,704 (39,704)
Capital outlay 2,241,000 2.241,000 3.037,367 (796,367)
Total expenditures 2.241,000 2.241.000 3,077,071 (836,071)
Deficiency of revenues under
expenditures (2.241,000) (2,241.000) (1037,071) (796,071)
Other financing sources:
Transfers in — — 207 207
Transfers out — — (150,325) (150,325)
. . Proceeds from the issuance of bonds 2,241,000 2,241,000 1,002,750 (1,238.250)
Proceeds from bond premium — — 40.250 40.250
Total other financing sources 2,241,000 2.241,000 892,882 (1.348,118)
... Net change in fund balance — — (2,144,189) (2.144.189)
Fund balances—beginning — — 1,384,580 1,384,580
Fund balances—ending $ — — (759.609) (759.609)
See accompanying independent auditors'report.
�" 140
CITY OF OMAHA,NEBRASKAfOr�'R
Budgetary Comparison Schedule—2010 Public Safety Bond Fund Z.,
Year ended December 31.2013 � ,
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
$ — —
Total revenues — ,
Expenditures:
Capital outlay 1.665.000 1,665,000 1.357.978 307.022
Total expenditures 1.665.000 1,665.000 1.357.978 307.022
Deficiency of revenues under
expenditures (1,665.000) (1.665.000) (1.357,978) 307.022
Other financing sources(uses): ..
Transfers in — 59.557 59.557
Proceeds from issuance of bonds 1.665.000 1,665,000 1,575.750 (89,250)
Proceeds from bond premium — -- 63,250 63,250
Total other financing sources(uses) 1,665.000 1.665.000 1.698,557 33,557
Net change in fund balance — 340.579 340.579
Fund balances—beginning 271.676 271.676
Fund balances—ending $ — 612.255 612,255
See accompanying independent auditors' report.
141
CITY OF OMAHA,NEBRASKA k�/j...,�
�«
Budgetary Comparison Schedule—2010 Parks and Recreation Bond Fund
Year ended December 31,2013 ` ,
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Contributions and grants $ — — 291,905
291,905
Total revenues
291,905 291,905
Expenditures:
Capital outlay 4.090.000 4,090,000 5,591.905
(1,501,905)
Total expenditures 4.090,000 4,090,000 5,591.905 (1.501,905)
Deficiency of revenues under
expenditures (4,090,000) (4,090,000) (5,300,000)
(1,210,000)
Other financing sources:
Transfer in _
Proceeds from issuance of bonds — 603,315 603,315
4,090.000 4,090,000 1,862,250 (2.227,750)
Proceeds from bond premium
74,750 74,750
Total other financing sources 4,090,000 4,090,000 2.540,315 (1,549,685)
Net change in fund balance — — (2,759,685)
(2,759,685)
Fund balances—beginning — — 2,399,542 2,399 542
Fund balances—ending $
— (360,143) (360,143)
See accompanying independent auditors'report.
aoat
Var
142
CITY OF OMAHA,NEBRASKA
Budgetary Comparison Schedule—Downtown Stadium and Companion Projects Fund
Year ended December 31.2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues: $ _ — 794,41 j 794.415
Charges for services
Contributions and grants 7.000,000 7.000.000 11,000.000 4.000.000
Total revenues 7.000.000 7,000.000 11.794.415 4.794.415
Expenditures:
Debt Service: 240.967 (240,967)
Principal — 53.448 (53.448)
Interest 317.542 (317.542)
Capital outlay
611.957 (611.957)
"Dotal expenditures —
Excess(deficienc))of revenues
over(under)expenditures 7.000.000 7.000.000 11.182.458 4,182,458
Other financing sources(uses): 243.783 243.783
Proceeds from issuance of bonds
Total other financing sources(uses)
— 243.783 243.783
Net change in fund balance 7.000.000 7.000,000 11.426.241 4.426,241
Fund balances—beginning (11.000.000) (11,000,000) (10,130.922) 869.078
Fund balances—ending $ (4.000.000) (4,000.000) 1.295.319 5,295,319
See accompanying independent auditors' report.
143
CITY OF OMAHA,NEBRASKA
Budgetary Comparison Schedule—Pedestrian Trail Bridge-Joint Use
Year ended December 31,2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Contributions and grants $ 100,000 100.000 130.000 30,000
Total revenues 100,000 100.000 130.000 30,000
Expenditures:
Culture and parks 82.528 82,528 141,697 (59,169)
Capital outlay 48.749 (48,749)
Total expenditures 82,528 82,528 190,446 (107.918)
Deficiency of revenues under
expenditures 17,472 17,472 (60,446) (77,918)
Other financing sources:
Transfers in 100.000 100.000 130.000 30.000
Total other financing sources 100,000 100,000 130.000 30,000
Net change in fund balance 117.472 117,472 69,554 (47,918)
Fund balances—beginning 422,675 422,675 187,429 (235.246)
Fund balances—ending $ 540,147 540,147 256.983 (283,164)
See accompanying independent auditors'report.
144
CITY OF OMAHA,NEBRASKA �,
Budgetary Comparison Schedule—Service Special Assessment Funds eta_
Year ended December 31.2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual (negative)
Revenues:
Investment income $ 91.000 91.000 72.766 (18,234)
Charges for services 765.000 765.000 764.552 (448) _
Rents and royalties — 3,423 3.423
Contributions and grants — 1.197.004 1.197,004
Total revenues 856.000 856.000 2,037.745 1,181.745
Expenditures:
General government 31.000 31,000 26,181 4,819
Transportation services 865.000 865.000 50.000 815.000
Community development 300,000 300,000 300.000
Culture and parks 25.000 25,000 25,000
Capital outlay 1.544.295 (1,544,295)
Total expenditures 1,221.000 1.221.000 1.945.476 (724,476)
Deficiency of revenues under
expenditures (365.000) (365.000) 92.269 457.269
Other financing sources(uses):
Transfers in 1.173,849 1.173.849 99.077 (1,074.772)
Transfers out (I.173.849) (1.173,849) (99.077) 1,074.772
Total other financing sources
Net change in fund balance (365.000) (365.000) 92.269 457.269 :w_.
Fund balances—beginning 72.518 72.518 766,079 693.561
Fund balances—ending $ (292.482) (292.482) 858,348 1.150.830
See accompanying independent auditors'report.
145
fl CITY OF OMAHA,NEBRASKA OM^NA"Vf
Nonmajor Governmental Funds �,�.;.i~�'15-�rijdC�1°'�
a AA
Permanent Funds may;
47-EO Pio�J'
Permanent funds are used to report resources that are legally restricted to the extent that only earnings, not
principal, may be used for purposes that support the reporting government's programs.
Western Heritage Special Revenue Fund — To account for a Permanent Endowment fund established in
accordance with City Ordinance #33472 passed January 31, 1995, whereby the City will contribute moneys
* toward the renovation and construction at the Western Heritage Museum. These funds were realized from the
sale of a portion of the Byron Reed coin and manuscript collection held in October 1996.
Endowment for Library Fund — To account for funds that are donated to the Public Library from outside
sources. This is a permanent fund for endowment gifts. In 1974, Don L. Hayes bequeathed to the Public Library
a permanent memorial endowment with interest to be used to purchase books in honor of his parents. In 1979,
Ralph Anderson bequeathed an endowment to the library with interest to be used to benefit the library. Annual
interest from these accounts is used to enhance the library's collections and operations.
146
CITY OF OMAHA,NEBRASKA ,,.K,.„
Combining Balance Sheet (` ``z Tl�"'
a•ri•,, "_.a
Nonmajor Permanent Funds
December 31. 2013
Total
Western Endowment Permanent
Assets Heritage for Library Funds
Cash and pooled investments $ 234,768 4,321 239,089
Investments 2,747.268 58,637 2,805,905
Accrued interest 8,837 190 9,027
Total assets $ 2,990,873 63,148 3,054,021
Liabilities and Fund Balances
Liabilities:
Accounts payable and other current liabilities $ —
Total liabilities
Fund balances:
Nonspendable 2,717,918 57,471 2,775.389
Committed 272,955 5,677 278,632
Total fund balance 2,990.873 63,148 3,054,021
Total liabilities and fund balance $ 2,990,873 63,148 3,054,021
See accompanying independent auditors' report.
147
CITY OF OMAHA,NEBRASKA "`"""0 �y
Combining Statement of Revenues,Expenditures, and Changes in Fund Balances ;,;, ` `
r4
Nonmajor Permanent Funds '., ‘
Year ended December 31, 2013
Total
Western Endowment Permanent
Heritage for Library Funds
Revenues: (25,306)
Investment income(loss) $ (25,198) (108)
Total revenues (25,198) (108) (25,306)
— Expenditures:
Current: 100,000
Culture and parks 100,000 —
— Total expenditures 100,000 — 100,000
Other financing sources (uses): —
Transfers in — — —
.— Transfers out —
Total other financing sources — — —
...„y, Net change in fund balance (125,198) (108) (125,306)
Beginning fund balance 3,116,071 63,256 3,179,327
Ending fund balance $ 2,990,873 63,148 3,054,021
See accompanying independent auditors' report.
148
CITY OF OMAHA,NEBRASKA ,'.,,
Budgetary Comparison Schedule—Western Heritage Permanent Fund �,_1,;;, _
Year ended December 31,2013
(Unaudited)
Variance with
final budget
Budgeted amounts positive
Original Final Actual
(negative)
Revenues:
Investment income $ 45,000 45,000 (25,198) (70,198)
Total revenues 45,000 45,000 (25,198) (70,198)
Expenditures:
Culture and parks 87,000 87,000 100,000 (13,000)
Total expenditures 87,000 87,000 100,000 (13,000)
Deficiency of revenues
under expenditures (42,000) (42,000) (125,198) (83,198) •'
Net change in fund balance (42,000) (42,000) (125,198) (83,198)
Fund balances—beginning 31,141,918 31,141,918 3,116,071 (28,025,847)
Fund balances—ending $ 31.099,918 31,099,918 2,990,873 (28,109,045)
See accompanying independent auditors' report.
149
CITY OF OMAHA,NEBRASKA ONANA' F
Enterprise Funds
viz e 4
�,TfO p�e�Jr«y,:
The Enterprise Funds account for operations that are financed and operated in a manner similar to private
business enterprises: (a)where the intent of the governing body is that the costs of providing goods or services to
the general public on a continuing basis is financed or recovered primarily through user charges or(b)where the
governing body has decided that periodic determination of revenues earned, expenses incurred, and/or net
income is appropriate for capital maintenance, public policy, management control, accountability, or other
purposes.
City Wide Sports Revenue Fund — To account for the moneys received from leagues operated by the Parks,
Recreation, and Public Property Department. Currently, leagues are formed for football, volleyball, and
basketball competition. The fund is self-supported through registration fees charged to participants.
Marinas Fund — To account for activities at the N.P. Dodge Park Marina, the Riverfront Marina, and
Cunningham Lake Marina. This Enterprise Fund accounts for receipts generated through the leasing of boat stalls
at the N.P. Dodge Park Marina.
Dodge Park Marina Dredge Fund — To account for the accumulated reserves for the replacement of the River
Dredge. The Dodge Park Marina Dredge Fund is a special revenue fund created to take care of any contingencies
(repairs, etc.) that occur with the dredge. Each year, $4,000 is transferred from the Dodge Park Marina fund to
this fund.
Tennis Operations Fund — To account for the Tennis operations at the City of Omaha Tennis courts. This
enterprise fund provides for the operation of one 8-court indoor tennis center, one 9-court tennis center, and the
27 court Tranquility Park Tennis Complex.
Golf Operations Fund—To account for the Golf operations and concessions at the City of Omaha Golf Courses.
This enterprise fund was created in 1993 to form a self-supporting enterprise fund for the operations at all
Municipal Golf Courses,which includes maintenance of the City's four 18-hole golf courses and four 9-hole golf
courses and to fund necessary capital improvements.
Air Quality Fund — To account for the Title V federal funding and the applicable City ordinance authorized
fees. These funds provide the City the necessary resources to monitor the air quality and enforce the health and
environmental laws relating to clean air.
Compost Fund—To account for the contract between the City of Omaha and the Quality Control Division of the
City of Omaha to operate the compost facility located adjacent to the Papillion Creek Wastewater Treatment
Plant.
Printing Services and Graphics Fund — To account for the charges for printing services for the various City
and Douglas County departments, agencies, and grant fund projects.
Riverfront Plaza and Marina Fund — To account for the activity at Lewis and Clark landing on the City of
Omaha's Missouri Riverfront. The plaza is available for private groups to rent.
150
CITY OF OMAHA,NEBRASKA 'Cr;
Combining Statement of Net Position
Nonmajor Enterprise Funds a-,'
December 31.2013
City Wide Printing Riverfront Total
Sports Dodge Park '1 ennis Golf Services Plaza& Nonmajor
Assets Revenue Marinas Marina Dredge Operations Operations Air Quality Compost and Graphics Marina Enterprise
Current assets
Cash and cash equivalents $ 173.050 261.436 48.586 27,256 960 532.633 792 182,163 100,045 1326,930
Due from other funds 977,000 - - - -- 077,000
Prepaids -- -. 10.000 - - 10.000
Receivable(net of allowance for uncollectibles l - - 21,543 - 19,631 --- 41,174
Inventories -- - 21.631 21,631
Total current assets 173,050 1.238,436 48.586 27.256 32,600 554,176_ 793 201.794 100,045 2376,735
Noncurrent assets-
Nth anced charges - - -
Capital assets
Building and systems 2,670.847 -- 3 648929 3,008.354 9,228,130
Machinery and equipment -- 109951 -- -- 1,790.61(1 - 969,409 76.471 2.946.441
Construction in progress -- 27.500 -- -- 27.500
Less accumulated depreciation - (1,553,328) - (1,767099) (3,617,616) (609,771) (76471) -- (7624.285)
Total capital assets(net of accumulated
depreciation) - 1,254,970 - 1,881,830 1,081,348 - 359,638 -- 4,577,786
Iota!noncurrent assets 1,254,970 1,881,830 1.081,348 -- 359,638 4,577,786
Total assets 5 173.050 2,493,406 48,586 1,909,086 1.113,948 554,176 360,430 2(11,794 100,045 6,954,521
Liabilities and Net Position
Current liabilities.
Accounts payable and other S 3,956 17.651 --- 9.531 52.682 9.289 12,475 49,316 154,900
Accrued interest payable -- - 3.526 - 3.526
Unearned revenue -- - - -Current installments installments of lone-term debt -- -- 25,000 - 25,000
Workers'compensation and healthcare claims 10,492 10,492 128.898 22.482 23981 5,995 -- 202.340
Due to other funds 922,000 -- 15.000 - 937.000
Compensated absences -- 94 1,820 9,345 3,307 3,002 456 -- 18,024
Total current liabilities 3,956 28,237 21,843 1,112,925 35,078 82,984 55,767 1.340,790
Noncurrent liabilities.
Long-terns debt excluding current installments - - -- 296.545 -- -- 296,545
Pension obligation 126391 81,257 908,555 314,120 335,918 57,243 1,913,484
Postretirement benefit obligation - 110,387 -- 70968 872.116 274,346 293.383 49,995 1,671.195
Workers'compensation and healthcare claims - 20,177 20.177 247,892 43,237 46,119 11.530 - 389,132
Compensated absences 1,778 -- 34,587 177,564 62,862 57,040 8,646 342,477
Total noncurrent liabilities 258,733 206,989 2,296,127 694.565 1,029,005 127,414 - 4,612,833
Total liabilities 3956 286.970 -. 228,832 3,409,052 729643 1,111.989 183,181 5953,623
Net position
Net investment in capital assets 1254,070 - 1.881,830 1.081,348 - 38.093 -- 4 256,241
Unrestricted 169,094 951,466 48.586 (201,576) (3,376,452) (175,467) (789,652) 18,613 100,045 (1255,343)
Total net position 169,094 2,206,436 48,586 1,680,254 (2295,104) (175,467) (751,559) 18.613 (00,045 1,000,898
Total liabilities and net position 6 173,050 2_493,406 48.586 1909,086 1.113,948 554,176 360,430 201,794 100,045 6,954521
See accompanying independent auditors'report.
151
f i i 1 i 1 is I ;1 i , 1 1 1
CITY OF OMAHA,NEBRASKA
Combining Statement of Revenues,Expenses,and Changes in Net Position •4 'w'
Nonmajor Enterprise Funds
Year ended December 31,2013
City Wide Printing Riverfront Total
Sports Dodge Park Tennis Golf Services Plaza& Nonmajor
Revenue Marinas Marina Dredge Operations , Operations Air Quality Compost and Graphics Marina Enterprise
Operating revenues:
Charges for services $ 344,704 619,904 269,595 3,814,386 752,083 832,054 412,301 42,980 7,088,007
Total operating revenues 344,704 619,904 - 269,595 3,814,386 752,083 832,054 412,301 42,980 7,088,007
Operating expenses:
Personal services 87,079 256,439 207,794 2,374,456 383,505 670,482 99,913 4,079,668
Outside services 84,499 38,422 65,114 816,162 14,467 6,700 81,143 75,363 1,181,870
Operation and maintenance 5,689 141,535 - 34,052 781,530 124,227 288,131 210,384 (4,001) 1,581,547
Cost of sales and service 95,593 238,553 334,146
Depreciation and amortization - 102,258 116,324 126,789 78,073 423,444
Total operating expenses 177,267 634,247 423,284 4,337,490 522,199 1,043,386 391,440 71,362 7,600,675
Operating income(loss) 167,437 (14,343) - (153,689) (523,104) 229,884 (211,332) 20,861 (28,382) (512,668)
Nonoperating revenues(expenses):
Interest expense - (14,827) - - (14,827)
Total nonoperating revenues(expenses) (14,827) (14,827)
Income(loss)before contributions and
transfers 167,437 (14,343) (153,689) (523,104) 229,884 (226,159) 20,861 (28,382) (527,495)
Transfer in 4,000 -- - 4,000
Transfer out (4,000) - - - - - (4,000)
Change in net position 167,437 (18,343) 4,000 (153,689) (523,104) 229,884 (226,159) 20,861 (28,382) (527,495)
Total net position(deficit)-beginning 1,657 2,224,779 44,586 1,833,943 (1,772,000) (405,351) (525,400) (2,248) 128,427 1,528,393
Total net position(deficit)-ending $ 169,094 2,206,436 48,586 1,680,254 (2,295,104) (175,467) (751,559) 18,613 100,045 1,000,898
See accompanying independent auditors'report.
•
152
CITY OF OMAHA,NEBRASKA
Combining Statement of Cash Flows ,'
Nonmajor Enterprise Funds `';j.
Year ended December 31,2013
City Wide Printing Riverfront Total
Sports Dodge Park Tennis Golf Services Plaza& Nonmajor
Revenue Marinas Marina Dredge Operations Operations Air Quality Compost and Graphics Marina Enterprise
Cash flows from operating activities.
Receipts from customers $ 298,007 719,904 - 260,595 3.819 421 778,047 832,054 407,372 46.002 7.170.462
Payments to suppliers (87,744) (312,809) (101,536) (1.860,031) (384.003) (290,034) (301,574) (71,362) (3409,993)
Payments to employees (87,079) (196,690) -- (172,381) (2,040,79o) (148,324) (417,518) (88,772) -- (3,151,563)
Net cash provided by(used in)
operating activities 123,244 210,405 -- (4,322) (81409) 244,820 124,502 17,026 (25,300) 608,906
Cash flows from noncapital financing activities
Advances hour(to)other funds 1105,0001 -- 176,000 -- (84,000) -- - (13,000)
Transfers in/out - (4,0001 4.000 - -- -- ---
Net cash provided by(used in)nuncapital
financing activities (109,000) 4,000 -- 176,000 (84.000) - (13,000)
Cash flows from capital and related financing act ieities.
Capital expenditures -- (27,500) (93,059) -- - (121,459)
Capital contributed -
Payments on long-tern debt -. - (25.000) -- (250001
Interest paid - - -- (15,100) - (15,100)
Net cash provided by(used in)capital
and related financing activities -- (27,500) -- -- (93,959) (40,100) -- (I61,559)
Cash flows from investing activity
Interest received - -- - -
Net cash provided by investing
activity -.. _-_ -.
Net increase(decrease)in cash and
cash equivalents 123.244 73,905 4,000 (4,322) 632 244,820 402 17,026 (25.360) 434,347
Cash and cash equivalents,beginning of year 49,806 187,531 44.586 31,578 337 287,813 390 165,137 125,405 892,583
Cash and cash equivalents,end of year $ 173,050 261,436 48,586 27,256 969 532,633 792 182,163 100,045 1,326,930
Reconciliation of operating income(loss)to net cash provided
by-(used in)operating activities:
Operating income(loss) $ 167437 (14,343) -- (151689) (523.104) 229,884 (211,332) 20.861 (28.382) (512,668)
Adjustments to reconcile operating income(loss)to
net cash provided by operating activities.
Depreciation and amortization 102,258 -- 116,324 126,780 -- 78.073 423,444
Cash flows impacted by changes in
Receivables -- 100,000 5,035 25,065 - (4.929) 3,022 129,093
Inventories -- -- - 6,733 -- - 6,733
Accounts payable and other (44,193) (56,370) (2.371) (30,519) (1,398) 4,797 (10,047) (140,101)
Worker's compensation 5,976 -- 1860 26,966 (16.593) 10,598 (7.168) - 27,639
Compensated absences 369 4,553 6.049 357 1,059 1.042 13,429
Pension obligation - 39,248 -- 15,886 165,646 5,440 126,002 9,513 - 362,635
Postretirement benefit obligation 33,267 - 13,115 134,996 1,165 108,4(15 7,754 - 298,702
Net cash provided by(used in)operating
activities $ 123,244 210,405 (4,322) (81,409) 244,820 124,502 17,026 (25,360) 608,906
See accompanying independent auditors report.
153
p n c
CITY OF OMAHA,NEBRASKA faM.H A.^ta
jrePension Trust Funds .�
M1'
•wttD Pfey3*FY
The Pension Trust Funds are used to account for assets held by the City in a trustee capacity.
Civilian Retirement Fund—To account for resources that are held in trust for the members and beneficiaries of
the full-time Civilian employees of the City of Omaha.
Police/Fire Retirement Reserve Fund — To account for resources that are held in trust for the members and
beneficiaries of the Police and Fire Sworn full-time employees of the City of Omaha.
""� 154
CITY OF OMAHA,NEBRASKA 4614V,..401,,,,
9,Combining Statement of Fiduciary Net Position . ,7,7, -
Pension Trust Funds '
December 31, 2013 r...
Civilian Police/Fire Total
Retirement Retirement Pension .-.
Assets Fund Reserve Fund Trust
Cash and cash equivalents $ 1,836,966 780,527 2,617,493
Receivables:
Accounts receivable 353,244 1.682,970 2,036,214
Accrued interest 322,240 1,786,815 2,109,055
Due from other governments 1.276 — 1,276
Investments, at fair value:
Government securities 14,896,164 12,768,571 27,664,735
Municipal issues 1.633,677 1,648,086 3.281.763
Corporate bonds 38.726,866 93,002,548 131,729,414
Domestic equities 59,043,066 182,901,954 241,945,020
International equities 35,900,883 143,731,021 179,631,904
Domestic real estate securities 40,961,528 109.086,561 150,048,089
International real estate — 2,964,907 2,964,907
Commodities 7,931,209 10,120,184 18.051,393
Private equity 15,825,259 7,555,474 23,380,733 v.
Hedge funds 19,294,330 19,294,330
Cash and cash equivalents 3.964,806 12,256,704 16,221.510
Total assets $ 240,691,514 580,286,322 820,977,836
Liabilities and Net Position
Accounts payable and other current liabilities $ 348,700 791,670 1,140,370 ,
Total liabilities 348,700 791,670 1,140,370
Held in trust for pension benefits 240,342,814 579,494,652 819,837,466
Total liabilities and net position $ 240,691,514 580,286,322 820,977,836
See accompanying independent auditors' report.
155
CITY OF OMAHA,NEBRASKA K.»..
Combining Statement of Changes in Fiduciary Net Position ot.
Pension Trust Funds 'r
Year ended December 31, 2013
Civilian Police/Fire Total
Retirement Retirement Pension
Fund Reserve Fund Trust
Additions:
Contributions:
Employer $ 7,194,482 43,838,750 51,033,232
Employee 6,173,254 21,659,947 27,833,201
Total contributions 13,367,736 65,498,697 78,866,433
Investment income:
Dividends and interest 4,597,463 15,766,785 20,364,248
Net appreciation in fair value of investments 30,990,577 74,797,917 105,788,494
Total investment earnings 35,588,040 90,564,702 126,152,742
Investment expenses (1,368,324) (2,813,925) (4,182,249)
Net investment income 34,219,716 87,750,777 121,970,493
'* Total additions 47,587,452 153,249,474 200,836,926
Deductions:
Benefit payments 30,477,726 63,554,961 94,032,687
Change in net position 17,109,726 89,694,513 106,804,239
Net position held in trust for pension benefits,
beginning of year 223,233,088 489,800,139 713,033,227
Net position held in trust for pension benefits,
end of year $ 240,342,814 579,494,652 819,837,466
See accompanying independent auditors' report.
156
CITY OF OMAHA,NEBRASKA
Agency Funds ?L^� w
7rEU PEl4J'F
The Agency Funds account for assets held by the City as an agent for various local governments.
R/D #126 First National Bank Tower Fund—To account for the tax increment financing revenues collected in
�.� regard to the First National Bank Tower TIF project.
R/D #132 ConAgra Campus and Parking Fund — To account for the tax increment financing revenues
collected with regard to the ConAgra Campus/Parking TIF project. Property taxes from the increased property
value are collected and used to pay off the TIF debt service requirements.
TIF Bond Debt Service Fund—To account for the tax increment financing revenues collected in regards to the
Convention Center Hotel TIF project and account for the debt service reserve required by the issuance of bonds.
TIF Redevelopment Projects Fund — To comply with the Community Development Law of the State of
Nebraska (Chapter 18, Article 21, Sections 18-2101) as supplemented and including Sections 18-2147 to
18-2153, Reissue Revised Statutes of Nebraska, 1943, as amended. This fiduciary fund is required in accordance
with Section 18-2147 to establish separate funds into which Excess Tax Revenues (provided from special tax
provisions) from the Redevelopment site shall be paid and from which the principal and interest of the
±� Redevelopment Note shall be paid.
R/D#122 First National Child Care Facility—To account for the tax increment financing revenues collected in
regards to the First National Bank Day Care TIF project. These funds will be remitted to First National upon
request.
R/D #77 Hammons/Embassy Suites Fund — To account for the tax increment financing revenues collected in
regards to the ConAgra Embassy Suites Hotel TIF project.
R/D #87 Aksarben Business and Education Campus Fund — To account for the tax increment financing
revenues collected in regards to the Aksarben Business Park TIF project phase I.
Appeal Bond Deposit Fund — To account for appeal application fees received from citizens whose application
to build upon or rezone an area of land within the City limits has been denied. Fees are charged for appeal
applications to defray the administrative costs incurred by the City Planning Board of Appeals.
Automobile Impounding Deposit Fund —To account for vehicles sold at auction at the police tow lot for more
6.4,91
than the accumulated charges against the vehicle. The amount in excess of the accumulated charges is held in
escrow for two years, during which the former owner can claim the money held.
Bid Deposit Fund—To account for moneys collected from vendors based on the required amounts to place a bid
within the City. Once the bid process is completed and bid is awarded, the bid deposits for those who did not
receive the bid are returned.
Board of Education Liquor Deposit Fund — To account for the collection of fees derived from a wholesale
beer and liquor occupation tax imposed on any person who engages in the manufacture or distribution of beer or
liquors, or selling at retail of alcoholic beverages within the City limit. The tax rates are controlled by the State of
Nebraska. These license fees are remitted to the Omaha Public Schools Board of Education, through the Douglas
County Treasurer via wire transfer, on a quarterly basis.
157 (Continued)
CITY OF OMAHA,NEBRASKA
Agency Funds
O TfU Pf evV*'yry:
Board of Education Tobacco Deposit Fund — To account for license fees from retailers for all tobacco sales,
including a separate permit fee for the operation of any machine, which upon insertion of a coin or substitute
object operates or may be operated to dispense tobacco products. These license fees are remitted to the Omaha
Public Schools Board of Education,through the Douglas County Treasurer via wire transfer, on a quarterly basis.
Humane Society Kennel Permits Fund — To account for collection of kennel permits and licenses from
citizens. Receipts are remitted to the Humane Society on a quarterly basis.
Sales Tax Deposit Fund — To account for all sales tax receipts collected by the City, which are imposed upon
sales transactions within the corporate limits of the City in accordance with the Nebraska Tax Revenue Act of
1967. The State portion of the sales tax is remitted to the Nebraska Department of Revenue on a monthly basis.
After Hours Dance Deposit Fund — To account for money collected through Section 5-64 of the Omaha
Municipal Code, in which the City requires a $5,000 bond to be posted when a business is granted an after-hours
dance permit.
Board of Education Parking Fines Fund — To account for moneys collected by the City Cashier for parking
violation fines, which are remitted to the Omaha Public Schools Board of Education through the Douglas County
Treasurer, via wire transfer, on a quarterly basis.
Park Development Deposits Fund — To account for the receipts received for neighborhood parks to be built
within suburban Omaha in the future. In addition, subdivision agreements include provision for deposits to be
made to the fund at appropriate debt to value intervals.
Arterial Street Improvement Program Fund — To collect and distribute funds for the design and construction
of arterial street improvements in the unincorporated portions of Douglas County. These funds are collected on
behalf of Douglas County and are remitted on an as-requested basis to the County.
R/D #102 First National Processing Center— To account for the tax increment financing revenues collected in
regards to the First National Bank Data Center TIF project.
Demolition Performance Bond Fund — To hold moneys where citizens post a deposit for the demolition of
dilapidated structures. Before the demolition fee is refunded, a visual inspection is done to insure proper cleanup
of the demolition site.
Performance Bond Fund — To hold deposits received in the form of a bond or cashier's check from vendors
whose bid was accepted to provide services, i.e., professional or construction, to the City of Omaha. Upon
satisfactory completion of the contracted services, the bond deposit is returned to the vendor. If the vendor fails
to satisfactorily complete the contracted services, the bonding company is then responsible for finding another
vendor to complete the contracted services.
TIF Projects Contribution Fund — To account for the contributions received from redevelopment projects on
certain locations for the purpose of defraying costs of improvements to those locations. This special revenue fund
was created to record contributions collected on TIF projects in accordance with the existing redevelopment
agreements.
158
I 1 I I I i I I I
CITY OF OMAHA,NEBRASKA {���
Combining Statement of Fiduciary Assets and Liabilities tC..
b rY 'tie°�::.k"
Agency Funds '
December 31,2013
R/D#126 RA)#132 R/D#122 R/D#77 R/D#87
First ConAgra TIF First Hammons/ Aksarben Bus Automobile
National Bank Campus and TIF Bond Redevelopment National Child Embassy and Education Appeal Bond Impounding
Assets Tower Parking Debt Service Projects Care Facility Suites Campus Deposit Deposit Bid Deposit
Cash and pooled investments $ 829,252 1,513,360 1,694,637 344,608 — 723,644 — 2,800 80,169 91,630
Accounts receivable(net of allowance for uncollectibles) -- — -- -- — —
Other receivables — -- —
Accrued interest • 575 -- — -- —
Inveslments — — 1,168,831 — — — — —
Total assets $ 829,252 1,513,360 2,864,043 344,608 723,644 2,800 80,169 91,630
'Liabilities
Liabilities:
Accounts payable and other liabilities $ 829,252 1,513,360 2,864,043 344,608 723,644 2,800 80,169 91,630
Total liabilities 829,252 1,513,360 2,864,043 344,608 723,644 2,800 80,169 91,630
Total liabilities $ 829,252 1,513,360 2,864,043 344,608 723,644 — 2,800 80,169 91,630
See accompanying independent auditors'report. (Continued)
159
CITY OF OMAHA,NEBRASKA
Combining Statement of Fiduciary Assets and I,i abilities f
Agency Funds '.
December 31.2013
Board of Board of RID#102
Education Education Humane Board of Park Arterial Street First National
Liquor Tobacco Society Sales'Fax After Hours Education Development hnprovemenI Processing
Assets Deposit Deposit Kennel Permits Deposit Dance Deposit Parking Fines Deposits Program Center
Cash and pooled investments $ 273.142 20,503 2,800 27 5.000 249033 565.701 8,013,637
Accounts receivable(net of allowance I'or uncollectibles) 2,400 1.965 400 17,979 --Other receivables --- - 18,850 -- - -
Accrued interest -- -- --
Investments -
—
Total assets $ 275,542 22.468 3,200 18,006 5,000 267,883 565,791 8,013,637
Liabilities
Liabilities.
6ccomus payable and other liabilities $ 275,542 22,468 3,200 18,006 5.000 267,883 565,791 8,013,637 -
Iotalliabilities 275,542 22,468 3,200 18006 5,000 267,883 565.791 8,013,637 --
'1ota)liabilities $ 275,542 22.468 3,200 18.006 5,000 267,883 565.791 8.013 637
See accompanying independent auditors'report. (Continued)
160
E 1 1
kt I c
CITY OF OMAHA,NEBRASKA a'.
Combining Statement of Fiduciary Assets and Liabilities d 6h- ,^
0 silt,-6^
Agency Funds
December 31,2013
Demolition TIF
Performance Performance Projects Total
Assets Bond Bonds Contribution Agency
Cash and pooled investments $ 17,450 28,000 124,000 14,579,483
Accounts receivable(net of allowance for uncollectibles) • — — 22,744
Other receivables — 18,850
Accrued interest — 575
Investments -- — 1,168,831
Total assets $ 17,450 28,000 124,000 15,790,483
Liabilities _...
Liabilities.
Accounts payable and other liabilities $ 17,450 28,000 124,000 15,790,483
Total liabilities 17,450 28,000 _ 124,000 15,790,483
Total liabilities $ 17,450 28,000 124,000 —. 15,790,483
See accompanying independent auditors'report.
161
CITY'OF OMAHA,NEBRASKA
Combining Statement of Changes in Assets and Liabilities '
���
Agency Funds .,._
Year ended December 31,2013
Balance, Balance,
January 1, December 31,
R/D#126 First National Bank Tower 2013 Additions Deductions 2013
Assets:
Cash and pooled investments $ 484.876 2.718,593 2.374,217 829.252
Liabilities:
Accounts payable and other liabilities $ 484.876 900 345.376 829.352
R/D#132 ConAgra Campus and Parking
Assets:
Cash and pooled investments $ 424,437 1,366.823 277.900 1.513.360
Other receivables 1.216.000 — 1.216.000 —
$ 1..640,437 1.366,823 277.900 1.513.360
Liabilities:
Accounts payable and other liabilities $ 1,640.437 127.577 500 1,513,360
TIF Bond Debt Service .,..
Assets:
Cash and pooled investments $ 938,946 2.503.706 1.748.0I5 1,694.637
Investments 1.196.423 85.948 113.540 1.168.831
Accrued interest 1.325 575 1,325 575 ,
$ 2.136.694 2,590.229 1.862.880 2,864.043
Liabilities:
Accounts payable and other liabilities $ 2.136,694 386,921 1.114.270 2,864.043
TIF Redevelopment Projects
Assets:
Cash and pooled investments $ 237.803 38,932,843 38,826,038 344,608
Liabilities:
Accounts payable and other liabilities $ 237.803 19.067.467 19,174,272 344.608
First National Child Care Facility
Assets:
Cash and pooled investments $ 1.000 81.877 82.877 —
Liabilities:
Accounts payable and other liabilities $ 1,000 41,939 40,939
R/D#77 Hammons/Embassy Suites
Assets:
Cash and pooled investments $ — 723.644 — 723.644
Liabilities:
Accounts payable and other liabilities $ 723.644 723,644
R/D#87 Aksarben Bus&Education Campus
Assets:
Cash and pooled investments $ — 35.694 35.694 —
Liabilities:
Accounts payable and other liabilities $
Appeal Bond Deposit
Assets:
Cash and pooled investments $ 1,925 1.125 250 2.800
Liabilities:
Accounts payable and other liabilities $ 1.925 250 1.125 2.800
162 (Continued)
CITY OF OMAHA,NEBRASKA
Combining Statement of Changes in Assets and Liabilities Ark;;M
Agency Funds 'AIW•
Year ended December 31,2013
-. Balance, Balance,
January 1, December 31,
Automobile Impounding Deposit 2013 Additions Deductions 2013
Assets:
Cash and pooled investments $ 92,471 43,201 55.503 80,169
Liabilities:
Accounts payable and other liabilities $ 92,471 55,503 43,201 80,169
Bid Deposit
Assets:
Cash and pooled investments $ 97,940 1.110,416 1,116,726 91,630
Liabilities:
Accounts payable and other liabilities $ 97,940 1,119,435 1,113,125 91,630
Board of Education Liquor Deposit
Assets:
Cash and pooled investments $ 146,687 424,204 297,749 273,142
Accounts receivable - 312,387 309,987 2,400
$ 146.687 736,591 607,736 275,542
Liabilities:
Accounts payable and other liabilities $ 146,687 442,150 571,005 275,542
Board of Education Tobacco Deposit
Assets:
,,., Cash and pooled investments $ 2,346 26,469 8,312 20,503
Accounts receivable 5,768 13,593 17,396 1,965
Other receivables 5.300 - 5,300 -
$ 13.414 40,062 31,008 22,468
Liabilities:
Accounts payable and other liabilities $ 13,414 23,646 32,700 22,468
Humane Society Kennel Permits
..... Assets:
Cash and pooled investments $ - 10,182 7,382 2,800
Accounts receivable 2,100 2,400 4,100 400
$ 2.100 12,582 11,482 3.200
"' Liabilities:
Accounts payable and other liabilities $ 2,100 8,982 10,082 3,200
Sales Tax Deposit
,... Assets:
Cash and pooled investments $ 43 731,045 731,061 27
Accounts receivable 25,697 89,096 96.814 17,979
$ 25,740 820J41 827,875 18,006
Liabilities:
Accounts payable and other liabilities $ 25.740 711,327 703,593 18,006
After Hours Dance Deposit
... Assets:
Cash and pooled investments $ 5.000 - - 5,000
Liabilities:
Accounts payable and other liabilities $ 5,000 - - 5,000
u 163 (Continued)
CITY OF OMAHA,NEBRASKA
Combining Statement of Changes in Assets and Liabilities
Agency Funds "=?i ,
1--.....,---
Year ended December 31,2013
Balance, Balance,
January 1, December 31,
Board of Education Parking Fines 2013 Additions Deductions 2013
Assets:
Cash and pooled investments $ 71.914 341.703 164584 249.033
Other receivables - 18.850 - 18.850
$ 71.914 360,553 164.584 267.883
Liabilities:
Accounts payable and other liabilities $ 71.914 341.710 537,679 267,883
Park Development Deposits
Assets:
Cash and pooled investments $ 104.470 481,181 19.860 565,791
Liabilities:
Accounts payable and other liabilities $ 104.470 6,975 468,296 565,791
Arterial Street Improvement Program -
Assets:
Cash and pooled investments $ 5.477,639 2.908.667 372.669 8.013,637
Liabilities:
Accounts payable and other liabilities $ 5,477,639 373,315 2,909.313 8,013.637
RID#102 First National Processing Center
Assets:
Cash and pooled investments $ - 900,928 900.928 -
Liabilities:
Accounts payable and other liabilities $ - 450,464 450.464 -
Demolition Performance Bond
Assets:
Cash and pooled investments $ 29.000 204,750 216.300 17.450
Liabilities:
Accounts payable and other liabilities $ 29.000 216.300 204.750 17.450
Performance Bond
Assets:
Cash and pooled investments $ 79,800 87,800 139.600 28.000
Liabilities:
Accounts payable and other liabilities $ 79.800 139.600 87.800 28,000
TIF Projects Contribution
Assets:
Cash and pooled investments $ 122.000 85.500 83,500 124,000
Liabilities:
Accounts payable and other liabilities $ 122,000 10.000 12.000 124.000
Total Agency Funds
Assets:
Cash and pooled investments $ 8.318,297 53,720,351 47.459.165 14.579,483
Accounts receivable 33,565 417.476 428,297 22.744 .,.
Other receivables 1,221,300 18.850 1.221,300 18.850
Accrued interest 1.325 575 1,325 575
Investments 1.196,423 85,948 113.540 1,168.831
Total assets $ 10,770.910 54.243.200 49.223,627 15.790.483
Liabilities:
Accounts payable and other liabilities $ 10,770.910 23.524.461 28.544.134 15,790.583
Total liabilities $ 10.770.910 23,524,461 28.544,134 15.790,583
See accompanying independent auditors'report
164 „_
CITY OF OMAHA cox..Nfs
Statistical Section(Unaudited) it37
o-
December 31' 2013
O'rEu PF.ePJtt
This part of the City'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.
Contents Page
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. 166
Revenue Capacity
These schedules control information to help the reader assess the City's most
significant local revenue source,the property tax. 171
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. 178
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader
understand how the environment within which the City's financial activities take
place. 184
Operating Information
These schedules contain service and infrastructure data to help the readers
understand how the information in the City's financial report relates to the
services the City provides and the activities it performs. 187
Sources: Unless otherwise noted, the information in these pages is derived from the comprehensive financial
reports for the relevant year.
e. 165
Schedule 1
CITY OF OMAHA,NEBRASKA
Net Postnon bs Component .. � `.
pones l--M..
Last Ten Fiscal Years ��s2
(Accrual Basis of Accounting) f5111,
2604 to 2)115
21114 2005 20116 20117 211118 201)9 21111) 21111 21112 21113
Gm errttnenlal actt\tites'.
Net ins cstlnent in capital asset: $ 201 522874 213 958 527 2,7 357.050 261.308.456 295.937 697 3(19 036.583 327 786 022 352.248.316 351 049.050 363.688.678
Restricted 11.898 950 13.163.721 14 612.499 16.814445 15.1)19_8,17 8.238405 6359609 651,5.759 17.390.845 15812979
Unrcstocled 65.166250 80623.315 60.396.134 49_117157 (540.888) 124.681).926) (87779242) (158.706.845) (209 477.684) 1253 575 520)
Total gm ernmental
aclotrtes net position $ 278.588 074 307.745.563 312.165 692 32'466.358 3110 586 616 292.594 962 246359.389 200.107.230 167.562,21 I 145.526 337
Bnsincss-tvpc acticilics:
Net in/eslrlletn in capital asset- $ 271,157 I/78 261.232 484 244 I178.865 222456.111 235667.494 228.900 267 19;591_397 166_02.5.886 136 922.155 214 926.418 '
Restricted - 10.135,759 12 362.000 6.80807,1 4248,375 8.253 046 31.292.774 40.374.573 43439,439 42.844.357
Unrestricted 7.999636 12 984 272) I))159.757 10.308.588 25 959327 251111.260 37.003634 64678.906 99578.15)1 36.145.215
Total business-is pc
acts'ities ncl position $ 275.156714 268 383.951 266.508.622 269.662.802 263 853.196 262.554 573 264 790.715 27107916 5 279 739.741 203,915 990
Priman gos'eminent
Net investment in capital asset $ 472679.952 475.19L011 481 435.924 483.764660 ,316(15.191 537936850 523380.329 518274.202 496.591.2(15 578.0131)96
Restricted 11898.95(1 23 299 460 26.074 499 21712515 19418.182 16.401.451 57.645 583 46.940.332 61)830.284 58 657.336
Unrestricted 69.165.886 77.639.043 71)_553.891 89652.045 25.390_439 720,331 149.87,56)18) (911)279391 (110 099.534) (197230.1051
Total prigna n 1:ov00111.t net position $ 553 741.7811 376 129.511 578961314 i97.129.160 574 139_812 555.138 635 51I.118.101 171.186.595 117.3111.955 139112327
GASH 34 Inns Adopted In 2002.
Source:Cm of Omaha Financial Statements
Sec acconrpansing independent auditors report
166
Schedule 2
CITY OF OMAHA,NEBRASKA
y
Changes in Net Position llttlt1
last'fen Fiscal Years ,
°•^-°" (Accrual Basis of Accounting)
2004 to 2013
2094 2005 2006 2007 21108 21109 2010 2011 2012 21113
Expense.s.
Governmental activities:
14n44" General government $ 62,025,849 43,617209 40,179313 93,33q 595 95,914,300 100.443246 116.720,038 102.690.2(17 108 841,189 91,390,108
Public safety 161,458,004 172-241.162 1933(13,487 182,854883 205,824.014 188694 996 193 001.551 216.023,998 221.081 828 230,254,594
Transportation services 47,492,991 44,550,196 47,021,969 53,248.665 60,683.765 61,124356 60-380,233 61,355,661 63.844,036 71,625,887
Other public services 14,147,624 14,185.823 14.797,970 15,650,815 17366,093 17,355,052 21.001,115 14,196,504 30,052,963 28,740,801
Community development 29,345,088 27,550.352 19,774,789 19460,381 25-723.952 27,376,811 31,987,295 31.610.209 27254620 28867,688
Culture and parks 62.713,346 33,992,416 37.818,310 44,894282 40,980.138 47-480,688 64.931.722 6(1.697,876 49,472,973 49,340.93(1
Interest on Iong-term debt 24.203.951 32.326.682 32 437,752 34.696,594 36.519.588 37.443,658 30 360978 35.225,017 33 961.782 31203.115
.-..,.( Total governmental activities expenses 401,386.851 368.463.840 385 333.590 444,140215 483.011.850 479.918.807 526 382.932 541808 492 534,509391 531,423.323
Business-type activities:
Convention center hotel 11,352,991 12.008,197 11591414 11.290.566 11.114,593 10.172.478 8,905,205 10,064,689 16,760,156 15.712,726
Sewer 35,181,325 38.084,381 39.582.646 45,508_217 49.533.194 47,580,754 51,529,157 56781.587 62,037.663 64709,568
Other 10.912,170 11807.899 11.680.369 11,377.633 12.155 403 12.122 555 10.744 969 1 3.505 316 13.226801 16.045 767
Total business-type activities expenses 57446.486 61,900.477 62.854,429 68.176.416 72.803.190 69_875.787 71.179331 80,351592 92.024.620_ 96.468,061
.seta Total primary government I 458.833339 430.304317 448.188.019 512.316.631 55.5,815_040 549.794.594 597.562263 622_160084 626.534.011 627.891384
Component unit
MECA&Heartland Workforce Solutions $ 20.025,873 20,5320911 22,647,661 25,035,984 27,211,194 27,425,166 26,355,147 40,381582 44.898.851 44,607,103
Program
Gos entalsactivides-
Charges for services:
(inners!government $ 7,606.199 8,430,849 8098,358 5.854,592 5,729600 8,560,906 11,432,415 9,482.548 3,639,384 3,693,496
:.4-4 Public safety 13,696,238 8.869,544 8,041,612 15.20i 428 15.812.344 14.736,190 18,373.482 16,902 557 16,269,792 17,079A73
Transportation services 15746.806 14,022,227 15.604.717 18,133477 18.848,115 19,092,487 22,167,354 28,495,842 34,946,985 33,889,943
Other public services 5.996.874 5367,287 3,286.082 9_620,112 6205.471 3,877 405 2,582.651 2.968,813 4,10(47(1 3,420,354
Community development 13.247,956 11.118,776 10,757,992 8.343,329 6397,642 7,465.072 5-748,813 10,553,850 11,836,131 21,003.207
Culture and parks 4,082,523 6,598,990 11,881.082 4,789,667 3.545,845 10.177,203 8,772,389 9,891853 13,412,015 11,027,280
Operating grants and contributions 58,647 742 58,198,805 52.895 766 76 410.771 82.615,753 70.638.578 65,624,631 81,334,162 70,615,981 64,4583(17
Capital grants and contributions 20.425,832 32.117.784 17.134.301 29,598,164 30.129275 27.255_802 31671.217 1,991.113 2.11 1413 1,383.647
avvu. Total governmental activities
program revonaes 139_450,17(1 144.724,262 128.599,910 167,955 542 169.284.045 161,803,643 166,372.952 167 623,738 156938,171 155,955 707
Bus mess-type activities:
Charges for services,
Convention center hotel 2,250.535 4,623,041 6,447,117 7,732,472 8,918.038 6,819371 7,824,146 6765,385 11,147.600 11892.137
Parking 3,299,347 3,749.533 3,79(1010 4.151.923 4.115.811 4.144,920 4,170,400 4230,566 4064,700 6.266).862
Sewer revenue food 32,150,414 33_328739 34,89222,510 38,474.534 41,194,630 43,633,767 49944,627 60,461,497 72391,970 88,339,205
Cihovide sports 150.135 145468 153.668 117,543 148.420 13(1.940 193,202 151.708 292,760 344,704
Marinas 406,643 395,825 786,525 737.166 55(1236 486,878 446,039 397.457 603.435 619,904
Tennis operations 165,971 237017 270,768 248,238 267.683 268.028 263,691 259.872 256.924 269,595
Golf operations and concessions 3339,390 3.311.079 3,406.750 3,537,287 3.441,617 3,644A17 3.427704 3,347.221 3,711606 3.814.386
Air quality 591,923 512,456 536,475 532,192 509,037 537,111 802.199 689.868 759.500 752,083
Compost 542.702 756,279 798-41I 756,900 561,151 769,070 835,696 322717 1,072.270 832,054
Printing and graphics 490,540 478,632 515,262 528,309 543,339 551,847 474,093 348.389 499.711 4123(11
Riverironl plaza and marina 34,665 20,661 31,011 85,482 38,350 40,179 48.532 34.012 46,725 42.980
Operating grants and contributions — — — — —
711.466 339479 —
Capital grants and contributions 3,004.158 5,795.266 J 01736E 4.486.724 4.565.282 5.491.917 — — 7336274 967A8 I
Total business-type activities
program revenues 46426423 53.353,995 60.630,873 61388.770 64853.594 66.518_445 68.424.329 77,720.758 97,114_963 114.553.492
Total primary government $ 185.87E 59.3 198.078,257 189.239.783 229 344.312 234.137.639 228-322-088 234.797.281 239.344.496 2_54 053,134 270.509.199
Component units: ..234.797.281
- - - --
a..un MECA&Heartland Workforce Solutions:
Charges for services $ 19.642,608 20,754599 23 467,353 24,863,872 29865018 30,629846 28,717,594 19.797.000 42_570.030 42,769,020
Operating grants and contributions 2.666.667 1.500.000 1.5000110 1,500.000 1,815.000 — — 1023608 3.813.685 3400.987
$ 22 309.275 22.254.599 24967.353 26363_871 31,680_018 30.629 846 28(717594 40.820.608 46.383.715 46.170.007
Net expense, - --.__ R
Governmental actuaries $ (261936,683) (223,739578) (256,7336801 (276.184,673) (313.727,8051 (318,115,164) (360.009.980) (380,184,754) (377,571,220) (375,467,616/
Business-ripe activities (11.020,0631 (8.546A82) (2,2145561 16,7876461 (7949.5961 13-357342) 0..755.0021 (2,6308341 5.090.343 18085.431
4644 Total $1372.956.746) (232 286060) (258.9482361 1'282,972_319) (321677,4101
�_'i21,J72.506) (162.764.982) 3 I.62815 588) 1372-48O.177) (357 3R2.185)
Component unit:
MECA&Heartland Workforce Solutions $ 2,283,402 1,722.509 2,319,692 1327888 4.468,824 3204,680 2,362,447 551,301 1,565,512 1,678.392
r""" 167 (Continued)
Schedule 2
CITY OF OMAHA,NEBRASKA
l'lane,.in Net Pos3tIon k-1,1'5C-,4-1
1.-4,er.I ItosIs ol Aecount11,1,
201,4 to 1,13
20114 211115 21106 211117 211110 20119 211111 21111 NI 2 2013
(ieneral 114,1111111,and other change,In net po,ition
(Josernmenlalaetly,ts, ,,,,
lases-
Properh 1iIN $ 101.370.114 94 292 7911 '19 432.786 114 935 220 118.979.538 13,1016 013 139321,939 139 574 325 141.765 111) 142 350 476
Motor-,etucle las 8 8/4 977 9 i131,957 8818011 X 825 629 9 374 465 9 2.1/183 9 309 0, L0168.784 11.163 518 9 839.552
Sale,and usc tax (ISO''911 I I 4.184 544 113 625 998 116 051 364 12-1476 354 12,1735 362 126'110 238 101,616 79, 128.379.322 136603.604
10.1.ness lases 27 000 112 26 845 9,7 28 791 008 31,8i14 535 33 963 566 34 251 049 38 22%76, 611121.479 62.141.910 66.484.605
l'a,ments itil3eu of taxes 4 132 8115 5..1,7$502 5 259 341 D,43 068 5 898 722 4.$95 289 4 518014 4 870.216 4.174 522 51,85 338
11nres4r01edInsestr4e9t earnmp, 2 325 73,, 2 2.,,6 1,3o 5 446 225 6 722 915 4 7261,79 1 663 49! 1 44(1989 21,08.141 2.365.086 490791
Sale ol capItal as,e.ts 1 1115 68$ 1781215 ,63 5$4, t 143.254, 1 290 87,
I01n0er, ,123 65,1 111121,67, 1,4110,; fl 385123, ,558.601) 11 729.5071 ,4 723 408) 18 145 1471 ,16,4771 C1:115017,
lotal governmental...MC, 255.633.566 252.8,/7 6,,, 261 353 809 281 414 294 296 848 061 106 122 616 319 773.367 111 914 591 145 0,6..`110 160 115 150
13u$ines,-1,pe actIstiws
11nrestrIctod lint:1.1CM Carrill, 74;75 483 227 2811,340 1 581 389 328 132 574 33, 4 0141 13.612,
Sale ol 0,1,11 assets 2;25 2 711,i 113 447, .... ... -- ,345 700, --
Iransfers 121./.55 1.112,7 154(00, 1 385 123 558 601 1 729$87 4 723 408 X 345 14 3 163 477 513or ..,,
ltiLd 1)11,111(,,,0 re ilt,I1,110, 241,.255 1 773 719 429 227 4 182,11, 2 139 99(1 21,57 719 4991 144 X 571 781 ,57,14118 471 405
Iol:d $ 255 831 824 254 671'796 2,1.783 036 285616119 298.9148.054 302 180 329 118 7(.4.451 342.508 777 :48 596'IR 160 806 755
Component tants
N.:1.CA&Heartland Wolkforce Sointtons
Donattons not restneted to specIlic programs 8 1 074 36, 1 848 013 2 129 239 2 562.289 .-
1.1n1esmete4 tnve,ttnent carnIngs 011361 229 544 615691 821 148 984.508 50t,141 II,488 4..,..„
I 1.134.726 21177 557 I'll 010 3 383A37 984,508 .5,8..349 Ili 488
Change m MN pOS111011
Cimernmental i44.144411e, $ ,6 3113 114, 4 620 129 5 249 621 t 16879742', ,17.992 554, 141,236 673, ,40.250.161. 02.545.1,20, (15..132.266,
13ustness,pc act,itItS lie Si,SOS) ,6 772 761, r 1.785.329, 12 605 630, 15.809 606, (1.298 621) 2.23(4.142 6 288.650 8 660 18, [8 556 816
lot,11 $ 117 122 922, 22 384 726- 2.834 811i, 2.(,43 991 122 689.348, (1)291 177, ,44.000 531, r 39.96 I 511, 123 884 638) 3 4,4 570
Component Lit.
M11C,5&Ileartland Noll:three Solutions s ,418 128 38,11.6. 5 164,22 -1711,25 5 453.1:2 3 7111123 2 31,2 447 551,,1 1 565 512 1 678 11,2
Net posttlon-begtnning ol 11:11
GMeralllental 4e1l,I64'S $ 284 891 188 278 588,174 307 745 563 322 216 737 327 466 358 110 586 61,, 2'12 594.1/62 246.357.392 200 167 231 160 65g(443
B0imes,04pe acti,nes 285,76.522 2.75156 714 268 383 95j 27.2.268 432 2611662 802. 263 853 196 262.554.573 264 790 715 27107,.162 217,159 154
1.11 $ 574).867 7ft 55:744.788 576,129,514 594 485.169 597 129.160 574 439 812 555 148 635 511.148.107 471.186.593 436.017 75?
,M.I1(.'A&ficartland,A.orkforce Solutions .b ,74 24 4 3 168 8 192 434 I:2S7 r,56 17 968 381 21421.7i, 27 132'1136 29 41)5 18$ 16(146 484 31 611 996
Net position.end of NC1111
(.,erninentlil actIvale$ $ 278 588 074 -107.74,.51,7. 312 365 692 327 46,358 310.586 616 2,12 594 662 249 157.389 200 107.2:1 167.502.211 145 529 347
18nsIness.Sise actin n4, 275 158 714 268.383 951 266 598 622 269 6(1.2.802 261 853 19,, 262 554 5,3 264.79(1.7 15 271(179 365 279 739 744 293 915 99i
$ 553'44 78S 576(I"'II 578 964 314 597 129 166 574.419 812 ,,,148635 511 148 104 471.18(459, 447 301.955 439 442 327
C omponent unIt
MECA&1 leartland 466n-1.11(lIce Solution, 9: 4 392 164 8 i.:2 1,4 11 257.056 171./68381 2' 'II 27 132 716 29-195 18, 36,,46 184 ,I( I 9,36 33 29,38S
Sourec C.it ol(01-.11,1111nanclalStalemm1'
-Ile erld balance In 2006 lim the CI,dot,not 444144.6 the 20(17 beginnin holon,b$,ILI$C li,,,1$I01I44 1 10 Includolhe:11111,‘,11.10I1 of 1.11.1,,,in
'!leg/It/ling In 2011.thc CO,ivgan reportmg Heartland Worklonx Solution,a1 an add itionNi component unIt
see acoompaming Indepersiont audltor,reis4rt
1 68
a
Schedule 3
CITY OF OMAHA,NEBRASKA `.=`4.
Fund Balances of Governmental Funds 41.'7
Last Ten Fiscal Years Ar
(Modified Accrual Basis of Accounting)
2004 to 2013
2004 2005 2006 2007 2008 2009 _ 2010 2011 2012 2013
General fund:
Reserved $ 2,517,525 3,550,983 4,492,350 1,896,788 2,810,463 3,921,976 3,637,299
Unreserved 27,380,450 29,222,049 28,415,728 27,071,866 28,855,951 24,167,995 25,940,212
Nonspendable 2,246,558 2,320,144 2,301,101
Restricted 709,301 747,561 853,190
Committed
Assigned 8,391,106 7,233,035 848,127
Unassigned 32,595,155 37,608,141 52,622,429
Total general fund $ 29,897,975 32,773,032 32,908,078 28,968,654 31,666,414 28,089,971 29,577,511 43,942,120 47,908,881 56,624,847
All other governmental funds:
Reserved $ 53,614,256 48,781,150 65,570,634 55,180,529 42,178,023 44,190,404 40,659,061 —
Unreserved,reported in:
Special revenue funds 26,393,945 21,200,398 24,558,745 27,285,911 19,190,703 4,876,004 5,273,301
Capital projects fluids (10,854,927) 16,307,510 (23,163,386) (2,097,906) (15,493,032) 35,431,679 17,252,775
Permanent fiords 1,153 1,848 360 4,058 4,525 539,208 428,925
Nonspendable 2,775,389 2,775,389 2,775,389
Restricted 38,509,089 53,513,385 42,613,307
Committed 18,252,217 18,704,036 20,593,562
Assigned 1,676,859 6,691,614 4,732,086
Unassigned (41,915,268) (13,987,312) (9,824,485)
Total all other
governmental funds $ 69,154,427 86,290,906 66,966,353 80,372,592 45,880,219 85,037,295 63,614,062 19,298,286 67,697,112 60,889,859
*Beginning in 2011,the City adopted GASB 54 and was required to report more specific categories for the fund balances.
Source:City of Omaha Financial Statements.
See accompanying independent auditors'report.
169
Schedule-I
CITY OF OMAHA,NEBRASKA
(hang,.In I.und Balances ol Got et nmontal I und3 ,'',...
f:',;(3. 21;1
1461 1.1 6,cal Yea,
f Nloddied Aderutd Bare.of Aecountm/
21,04 to 2613
20114 211115 2)0)6 211117 20)18 21100 21/111 21111 21112 21113
I`1,11,111,11
honer, 6 96 386 823 89,41-124 L.,4 912 111 912 681 4'8 :12.384.616 117 361 406 116(625 280 135 1'5 226 140 7(5386 142_356 513
Motor 3elnelo 8 814 97- 9 6368,, 881861, 8 8251629 9 374 465 9 299 184 9 368 063 4/008 784 9 163 318 0 839.552
CM 9ales and u,,,, !I 15,/7 911 I 1 4 181,344 113625998 116 651 361 121 1,6334 121/735 362 126316426% 126,336 703 128 370.322 136 003 o(14
Inn:Ines, 27 666.1 I 2 26 545,,,,-, 28 781 0118 311 884,535 14 249 371 34 251 651 38 228 705 MI 121 478 62 331 646 66 482'55
In heu 4 132 863 5 373 592 5.543(6,8 5 898 722 4.396 903 4.538.613 4 870.216 4 174.522 5 683.338
I toms,'and pm rags 8 699 321 8 248'),,2 8 216 56, 8 041.824 8.622 31 '125.302 8 447 524 8 627.683 6 953 13,, 12 690 3,6
Intergmernmental 49 655 652 17 399603 13 152 752 48 8,36 irr, 41:75 818 37 433 627 35 943 4,5 39 289.996 41 896 f 121 11 962 01, .6.4
1,15,4111cm I4740111e. 2 614(4 225 2 298 9,6 3 4-L6 22, 8 722 915 4 720.079 1 663 4151 1.291 935 1 834 686 2 133 56o 396 793
12e4e744e nom Cern, (5016221 6 269 77,, 0 811 365 ,683.61,1 7 433,212 0.195 t9, 0.9,9114, 7 222.1 15 -.220 283 '508 405
Charges tor set,Ices 41 872 226 3,807 179 39 24,,134 45 727 475 45 772 345 61.279 oot< 41)441 858 53 453(147 54 7(19 631 51 118 569
'7e5,s and ro,eines 3 788.82, 2 487.922 2 521 666 5 353.114, 2 726 418 1 459 459 2 388 6,)r 1 2 006 022 22 628.77 2 213.984
C0n41M44101,5 and 6'7ant, 32 064 801 31 96 177 1 8'33.628 ./,,,985 045 36 815 180 41.657 358 44 964 387 44 072 193 52 4,1 647 18 134 6(11
I III 4e,ettoo3 392 037,J62 352 221 206 370 336 353 435 362 1114 1,3 176 451 443 2,2(160 402,149415 483 337 012 335 710 DM 52,,542 612
1,,,pendgmes
Current-
(tenet al ern ernmem 35 64,2 7,2 5,43115 35 563 73,, 4,,[go,6", 39-97 2,1 44 237 217 45 480 158 43 478 290 48 389 41-1 41 398.819
PtiblIc salter, 154 177 14,, 104 888 313 174 588 175 181.74-875 197.168,,49 I 05.327.042 102 681 892 269,513 357 213.748.374 224 066.859
lransponatton sem Ines 39 987.448 39 232 878 43.421.768 4862:732 48268.708 47.095.867 48 806,535 .18 906 496 ,,.916 174
Other inibIll semeres 13 952 22,, 13 828 763 I I 364 818 14 756 946 16 029 963 16 403.382 2601273,, 33 340 830 29 513 629 22 520.030
Commune,'development 45 15,257 27 6811 5,3 19.140 105 IS 744 793 251/35 148 26 735 726 27,)90 1/36 26 868 123 26.243.364 28 095 55,,
Culture and pat ks 73 9011044 31 431 38- 28 351 465 11 551.221 31/321 638 29,966 063 34916664 38 392 041 33 807 833
Debt 5ervice
PrInginal 24.281 007 25 925 281 28 311 t,54 42 832 712 72.787 515 36 895 854 35 934 25,, 47,(81(1.182 47.602 146 51 224 348
Intel eg 21 7,44 997 3!686.344 31 506 862 33 532.486 34 954 674 36 899 394 38 36,,978 35 225_636 11.81,1 op, 32 872 1 II,
Bottrit,uance 4,563 2(ng,21, If C 7,,I, 161 626 363.269 1 346 461, 1.2_71 688 740 548 393.226 973 248 253 321
6 apital maim 19(131,376 12 748 502 42,,54-33 ,8 734'9' 36 692,926 64,895 974 79 2,8 776 55 761 862 12819 51,, 41.8156 199
I otal 65115m7ntire, 469 372.118 416841 56,, 414.221.413 408 369671, 55,,597 92,, 500 781 1149 519 491 062 533 364 391 515 3249163 540.590.137
1/etimeno.ol revenues
961I,exPentlItuter, 117 334.15(0 128 626 3610 ,37 601 658, ,32 94'3,72, ,16,427 1681 157 525 089/ I 37 442 48', r 1,1 226 759, 2,,382 120 I 1.1 031 526,
Other Inran.m5 souren,1 use31
I ran5fers In 4 798 222 756606 654 I toll 1 434.325 679 238 5 530,605 6 442.225 1.845 886 2 320 565 71178'509
lransfcrs out 14 921 8771 it,(10.0, 12819648, 11.23'839, 173,8)I',21 E 1 1.1(e).28, ,16 14I.027, I,49(7210, '7(SI),`526,
Sale,of capital 053et6 1.739 448 I 87".27 I 421 200 1.334 919 647 484 12 644 741/ 658606
Proceeds nom b014d5 Issued 36 964,39 42 369 296 /8 321 51,, 3'545 org, 146 481063 3/1 392(1,51 77 485 6(g/ 27,c)--,11110 =7 890 862 15.163 763
,Proceeds front special as9c33131.1 debt
Proceed,of refundme bond, 236 736 785 11 125 OM. 45 56,160,1 5,5 667 665 1rt 045.060
Proceeds from tsmanee ol notes 2 902 858
Mowed:gnus-m.1 from bond
prerniumilseount,net _ ,13 23r, 1,98 836 671 008 4 3,0 806 4 649 44, 2 435 m., I 349 812 8 386 765 1 323,497
Pin rnent to refund bond',ere,agent 1254 759 9514 1,"915 6,10, 111 603 801, r I ',, 194 t f 79 164 t,5.1 568.287453 1 137 988 1131 (22 768 866, (55845.834, 00895 006,
111,85,unt on sale°I bond-, --, - 6,46.191, r3 9221 _
1 olal other imanctne
souree,11.1,S) -13.533 518 48931 816 1,561 551 38831 381 -1 032 856 o3 109 624 34.506'94 16 27,,99 3!983 461 15.962.233
Net change n,fund balance, 8 2,199 162 26 611 536 ,19 189 5,2, 0(8,3 869 ,3 1.'94.613' 35 586 035 ,19 933 093 1 (299,1.166, 52.305 587 1 968713
1),(131 ServIce as a percentage of
ncmcapnal e56endl1ure3 14 830,. ;›,71'4. .5:03'0 29 429i, 21,810, 2r,55,4. IS 775,, 26 4'', 'I
Source I'M,41(trnaha I mancial Mummer,:
See ancompamIng Independent auditor,t emat
3.,..09
908
1 70
I F i
Schedule 5
CITY OF OMAHA,NEBRASKA �,.„.
Tax Revenues bySource t�1�r.
2004 to 2013 r «r '
Street
General highway Telephone Motor vehicle Hotel/vehicle MUD Cable Restaurant
Year Sales tax property tax allocation occupation tax Wheel tax taxes occupation tax in lieu of tax franchise tax tax
2004 $ 117,526,998 84,730,700 25,889,143 14,136,577 11,766,177 8,814,977 5,104,462 3,946,630 3,523,756
2005 120,873,521 88,660,364 25,503,946 13,725,215 11,896,323 8,808,677 5,435,528 6,360,672 3,589,703 —
2006 122,721,806 93,165,028 24,790,938 14,352,217 11,751,030 8,818,011 5,989,404 5,056,174 4,048,296 —
2007 128,625,275 98,142,156 28,638,167 14,965,695 14,934,190 8,825,629 6,990,559 5,229,233 4,312,349
2008 131,801,803 109,912,905 29,459,975 15,932,992 15,525,838 9,374,405 8,310,620 5,714,591 4,727,391 —
2009 127,301,965 115,586,354 27,572,563 15,746,026 15,638,431 9,299,184 8,087,878 4,411,087 4,952,987 —
2010 131,455,524 128,501,803 27,674,536 14,815,170 18,348,772 9,309,995 8,162,031 4,356,585 5,198,243 4,419,993
2011 133,278,455 133,399,969 30,371,268 14,963,767 23,247,322 9,068,784 9,314,653 4,362,256 5,617,734 23,796,387
2012 128,379,322 138,875,565 32,452,013 16,254,082 22,870,980 9,163,518 7,543,401 3,666,563 5,449,203 24,851,426
2013 136,693,604 139,940,082 34,215,504 15,330,236 19,659,390 9,839,552 7,960,019 4,524,169 5,396,107 25,719,588
Source:City of Omaha Financial Statements.
See accompanying independent auditors'report.
171
Schedule 6
CITY OF OMAHA, NEBRASKA
Assessed Value and Estimated Actual Value of Taxable Property
Last Ten Fiscal Years ., Pe;•�`'
Real property Other property
Personal/
Residential/ centrally Total taxable Total
commercial assessed assessed direct
property property value tax rate
Year ended December 31:
2004 18,140,043,695 1,951,348,065 20,091,391,760 43.387
2005 19,561,022,580 1,934,101,080 21,495,123,660 43.387
2006 20,407,325,900 1,858,658,545 22.265,984,445 43.387
2007 23,466,618,660 1,835,621,110 25,302,239,770 43.387
2008 24,851,524,870 1,658,411,000 26,509,935,870 43.387
2009 25,148.357,122 1,929,355,078 27,077,712,200 48.587
2010 24,966,532,305 1,923,371,175 26,889,903,480 49.922
2011 25,675,576,785 1,807,884,970 27,483,461,755 49.922
2012 26,035,695,300 1.877,985,140 27,913,680,440 49.922
2013 25,891,486,245 1.911,962,630 27,803,448,875 49.922
Note: Property is assessed at actual value;therefore,the assessed values are equal to actual value.
Taxes assessed by the County during 2013 are not due and payable until 2014.
Source: Douglas County Assessor's Office.
See accompanying independent auditors' report.
172
Schedule 7
CITY OF OMAHA,NEBRASKA a'\�I/r
Property Tax Rates ,.y'`..,
p �
Direct and Overlapping Governments
2008-2013
""" 2013-2014 2012-2013 2011-2012 2010-2011 2009-2010 2008-2009
City of Omaha:
General fund 0.28447 0.28447 0.28447 0.28447 0.26112 0.24312
Judgment 0.00600 0.00600 0.00600 0.00600 0.00600 0.00600
Debt service 0.19281 0.19281 0.19281 0.19281 0.19281 0.17581
Redevelopment debt service 0.01594 0.01594 0.01594 0.01594 0.01594 0.00894
Total City of Omaha 0.49922 0.49922 0.49922 0.49922 0.47587 0.43387
Overlapping rates:
Douglas County 0.28059 0.26459 0.26459 0.26459 0.24519 0.24519
Omaha Douglas Building Commission 0.01290 0.01300 0.01300 0.01300 0.01300 0.01300
Papio NRD 0.03275 0.03275 0.03275 0.03275 0.03275 0.03375
Omaha Public Schools 0.25204 0.25465 0.25909 0.25863 0.25572 1.20064
Metro Community College 0.09500 0.08500 0.08500 0.08500 0.08500 0.06740
Education service units 0.01563 0.01500 0.01500 0.01500 0.01500 0.01500
Omaha Transit Authority 0.05224 0.05027 0.04872 0.04872 0.04674 0.04613
Learning community 0.96000 0.96000 0.96000 0.96000 0.96000 -
Learning community-capital projects - - 0.00125 0.00125 0.00500 -
Total overlapping rates 1.70115 1.67526 1.67940 1.67894 1.65840 1.62111
.__ Total tax rate 2.20037 2.17448 2.17862 2.17816 2.13427 2.05498
Note:1 Overlapping rates are those of local and county governments that apply to property owners
within the City of Omaha.
Sources:Douglas County Clerk's Office and City of Omaha Finance Department.
0
See accompanying independent auditors'report.
173
Schedule 8
CITY OF OMAHA,NEBRASKA '""
Principal Property Taxpayers.
2012—2013
2012 2013
Percentage Percentage
of total City of total City
Taxable taxable Taxable taxable
"Type of assessed assessed assessed assessed
Taxpayer business value Rank value value Rank value
First Data Corp Payment processing 129,402,400 2 0.50% $ 108,122,000 1 0 42%
SF!Ltd Partnership Real estate management 123,498,400 3 0.48 106,161,000 2 0.41
Westroads Mall LLC Retail management 92,602,800 6 0.36 92,602,800 3 0.36
United of Omaha Lite Insurance Insurance 95,101.200 5 0.37 92,072,000 4 0.36
168th and Dodge LP Real estate management 90.337,700 7 0.35 90.337,700 5 0 35
Oak View Mall LLC Retail management 103,206,100 4 0.40 85.206,100 6 0.33
IRET Properties Real estate investment 90_206,100 8 0.35 80.894,100 7 1).31
First National Bank of Omaha Banking 212,769.200 I 0.83 80.632,300 8 0.31
Nebraska Furniture Mart Retail management 66.198,500 9 0.26
Commercial Federal Say&Loan Banking — 48,357_800 10 0.19
Riverfront Campus Developers Developer 77,109.800 10 0.30
East Campus Realty LI.0—Mutual of Omaha Insurance 85,956.300 9 0.33
Total $ 1,100,190.000 4.27% $ 850,584,300 3.30%
Source:Douglas County Clerk.
See accompanying independent auditors'report.
174
w
I 1 ; r
Schedule 9
CITY OF OMAHA,NEBRASKA 4irl"
Property Tax Levies and Collections ' .K;
Last Ten Fiscal Years
Collected within the Collections of subsequent
year of the levy years'tax Total collections by year
Taxes levied
for the Percentage Percentage Tax and
fiscal year Amount Interest of levy Amount Interest Amount of levy interest
Year ended December 31:
2004 $ 84,182,258 83,107,249 — 98.72 $ 1,623,451 — 84,730,700 100.65 $ 84,730,700
2005 87,170,521 85,897,631 — 98.54 2,762,734 — 88,660,365 101.71 88,660,365
2006 93,260,893 91,592,309 — 98.21 1,572,719 — 93,165,028 99.90 93,165,028
2007 96,605,427 96,518,641 — 99.91 1,623.515 — 98,142,156 101.59 98,142,156
2008 109,778,828 107,891,215 — 98.28 2,021,690 109,912,905 100.12 109,912,905
2009 115,018,659 113,644,205 — 98.81 1,708,782 — 115,586,354 100.49 115,352,987
2010 128,854,709 126,195,724 189,878 97.94 1,873,134 243,067 128,068,858 99.73 128,501,803
2011 134,239,776 131,111,754 218,348 97.67 1,644,917 424,950 132,756,671 99.37 133,399,969
2012 137,202,938 136,885,263 260,642 99.77 1,456,009 273,650 138,614,923 101.22 138,875,564
2013 139,350,675 138,009,326 269,158 99.04 1,463,387 198,211 139,670,924 100.23 139,940,082
Note: Property taxes are certified in August of each year by the Douglas County Assessor.The taxes are based on cents per$100 of taxable value.Taxes become
due on January 1 of the following year and may be paid in two equal installments.Taxes become delinquent if not paid by April I and August 1.Delinquent taxes
bear 14%interest.Prior to 2010,the figures above included interest.The City includes total interest for late payments with taxes on the financial statements.
See accompanying independent auditors'report.
175
Schedule 10
CITY OF OMAHA,NEBRASKA a�•�" ^_,
Total City Taxable Sales4
Last Ten Fiscal Years
Total City Total
taxable direct
sales tax rate
Year ended December 31:
2004 $ 8,058.991,867 0.0150
2005 8,292,560,467 0.0150
2006 8,413,842,533 0.0150
2007 8.819,720,867 0.0150
2008 9,037,369,933 0.0150
2009 8,736,921,267 0.0150
2010 9,023,580,333 0.0150
2011 9,143.290,667 0.0150
2012 9,630,891,267 0.0150
2013 10,067,835.399 0.0150
Source: City of Omaha Revenue Division.
See accompanying independent auditors' report.
44,
176
Schedule 11
CITY OF OMAHA,NEBRASKA
Sales Tax Rates Y44
Direct and Overlapping Governments
Last Ten Fiscal Years
Direct Overlapping
City of State of Total
Omaha Nebraska tax rate
Fiscal year:
2004 0.015 0.055 0.070
2005 0.015 0.055 0.070
2006 0.015 0.055 0.070
2007 0.015 0.055 0.070
2008 0.015 0.055 0.070
2009 0.015 0.055 0.070
2010 0.015 0.055 0.070
2011 0.015 0.055 0.070
2012 0.015 0.055 0.070
2013 0.015 0.055 0.070
Note: I Overlapping rates are those of other governments that apply to consumers within the City of Omaha.
See accompanying independent auditors' report.
�"" 177
Schedule 12
CITY OF ONIAHA.NEBRASKA
Ratios of On1staodine Debt by T)pe l:�^.��s
Last Ten Fiscal(cars _ ..-9
(Amounts in thousands.except per capita) " -�
G9xnl nental aclix isles Business-type antis sites
Special
General Tax assessment Hotel Tax Seiner Sexier Total Percentage Net
obligation supported notes Resenue Notes Capital revenue supported rex
c notes Revenue Capital primary of personal debt Per
bonds bonds payable bonds payable leases bonds bonds bonds _ payable bonds leases government income capital'
Fiscal scar.
2001 S 461.106 101.271 1396 -- 3702 21756 08.073 21.209 -- 11,204 385 51.255 794.607 1.11 1.902
2003 484.759 99.524 711 - 3.507 34.11)2 10.155 20.836 - 17.116 445 49.920 821.102 405 I_9111
21106 476 256 07520 1 1125 - 3.305 31730 111.155 211,355 53.17)1 33)131 305 49.765 879.617 4 I I 21154
211117 536,827 9911111 21.5 2 1511 1.096 37.418 09 750 9.855 54.430 37.056 155 47.815 948.01)7 4 16 2.191)
20118 558.062 11)8191 706 2 210 2.881 11312 09.7511 9.335 53.295 34.879 46.2110 977.121 4 17 2 223
201)9 345.829 1111.873 257 2 065 2 658 1117_131 09.750 8.792 82.095 12.628 . 44.305 11)56,581 1 51 2.122
2010 520.180 107306 1920 2428 141.098 16.435 8.229 1481)74 6.950 021110 1_140110 134 2781
2)111 518.750 101,615 1855 2 191 110.691 15 905 7.619 2121µ0 11.071 . 39.425 I.185,154 4 80 2 342
21112 316.795 1110/112 - 1.675 2.917 111 094 15 325 7.252 302,755 13 455 36,765 1268 075 NA 31026
21111 490.00) 95.1)72 - 1190 2302 126.11)3 41.I05 0318 29351i0 12.863 34,125 1216.528 2.386
Note Details regarding the fits s 091500 ding debt can be found in the voles to the Financial stalemenls.
Sec Schedule 17.Demographic and Economic Staliclier for income and 12o90In600 detu.
See accoolp.11ls ing i itdependent auditors repot •
178
`I? k - `7
Schedule 13
CITY OF OMAHA,NEBRASKA .w.
1s�i�4e.
Ratios of General Obligation Debt Outstanding .%;r' ,^
Last Ten Fiscal Years
Ratio of
net debt
Less amounts Net to estimated
`- General available in bonded valuation
obligation debt debt per of taxable
bonds service fund Total capital' real property2
Fiscal year:
2004 $ 463,106,472 23,555,462 439,551,010 1,052 2.19
2005 484,756,472 18,892,007 465,864,465 1,101 2.17
2006 476,256,472 11,888,320 464,368,152 1,084 2.09
"' 2007 536,826,472 16,491,540 520,334,932 1,202 2.06
2008 558,062,463 18,976,244 539,086,219 1,229 2.03
2009 545,829,194 13,489,712 532,339,482 1,171 1.97
2010 526,180,000 16,693,476 509,486,524 1,246 1.89
—
2011 518,750,000 18,595,398 500,154,602 1,200 1.82
2012 516,794,764 18,689,053 498,105,711 1,189 1.78
2013 490,030,000 15,246,819 474,783,181 1,126 1.71
..— Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
' Population data can be found in Schedule 17,Demographic and Economic Statistics.
2 Property value information can be found in Schedule 6,Assessed Value and Actual Value of Taxable Property.
See accompanying independent auditors' report.
' 179
Schedule 14
CITY OF OMAHA,NEBRASKA
Direct and Overlapping Governmental Activities Debt
Fri ;
December 31,2013 '' `'
Estimated Direct and
Debt percentage overlapping
Governmental units outstanding applicable` debt to the City
Direct:
City4 $ 490,030.000 100.00% $ 490,030,000
Overlapping:
Douglas County 64,900,000 74.51 48,356,990
Omaha-Douglas Public Bldg.Commission` 31,585,000 74.51 23,533,984
School District of Omaha' 258,189,263 84.67 218,608,849
School District of Ralston' 22,215,000 100.00 22,215,000
School District of Millard' 133,284,250 73.38 97,803,983
School District of Elkhorn' 155,925,000 50.25 78,352,313
School District No.66 of Douglas County' 21,830,000 100.00 21,830,000
687,928,513 510,701,1 19
Total $ 1,177,958,513 $ 1,000,731,119
Note: Overlapping governments are those that coincide,at least in part,with the geographic boundaries of
the City. This schedule estimates the portion of the outstanding debt of those overlapping governments
that is borne by the residents and business of the City.This process recognizes that,
when considering the government's ability to issue and repay long-term debt,the entire debt burden
borne by the residents and businesses should be taken into account. However,this does not imply
that every taxpayer is a resident and,therefore,is responsible for repaying the debt,of each overlapping
government.
The percentage of overlapping debt applicable is estimated using taxable assessed property values.
Applicable percentages were estimated by determining the portion of the City's taxable assessed value
and dividing it by the corresponding overlapping government unit's taxable assessed value.
2 Payable from certain property tax revenues and payments to be made to it by the City of Omaha
and Douglas County under certain contractual agreements.Actual rental payments by the City for
2013 were$1,300.000. The Act authorizing issuance of bonds by the Omaha-Douglas Public Building
Commission permits them to levy a tax of$0.17 per$100 of actual valuation on all the taxable property
in Douglas County. However,although the same Act authorizes the City to levy a tax on all the taxable
property in the City,except intangible property,of$0.17 per$100 of actual valuation in excess of the
Charter limitation described under"AUTHORITY TO LEVY TAXES," if and to the extent necessary
to make the City's payments to the Commission,no such levy has ever been made by the City for
such purpose.
' Residents of the City reside in one of the five school districts and pay taxes only to that
school district.These numbers represent bonds outstanding as of December 30,2012.
4 The debt for the City of Omaha is based on the general obligation debt.
Source: The information regarding the bonds outstanding comes from the State of Nebraska Auditor of
Public Accounts Web site,reported as of December 30.2012.
See accompanying independent auditors' report.
180
i I t I I i I g a
Schedule 15
CITY OF OMAHA,NEBRASKA ,
Legal Debt Margin Information • eV
r. i`
Last Ten Fiscal Years t
(Amount in thousands)
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Debt limit $ 679,093 752,329 779,309 885,578 927,848 947,720 941,147 961,921 961,921 973,120,711
Total net debt applicable to limit 439,551 465,864 464,368 520,335 539,086 532,339 509,487 500,154 500,154 474,783,181
Legal debt margin $ 239,542 286,465 314,941 a 365,243 388,762 415,381 431,660 461,767 4.6.1,767 498,337,530
Total net debt applicable
to the limit as a
percentage of debt limit 64.73% 61.92% 59.59% 58.76% 58.10% 56.17% 54.13% 52.00% 52.00% 48.79%
Legal debt margin calculation for fiscal year 2013
Taxable property values:
Real estate $ 1,417,422,640
Personal property 26,386,026,235
Total assessed value 27,803,448,875
Debt limit(3.5%of total assessed value) 973,120,711
Debt applicable to limit:
General obligation bonds 490,030,000
Less amount set aside for repayment
of general obligation debt (15,246,819)
Total net debt applicable to limit 474,783,181
Legal debt margin $ 498,337,530
Note: Under Article V.Section 5.27,Home Rule Charter of the City of Omaha,1956 as amended,the City of Omaha's outstanding general obligation debt should not exceed 3.5%of the actual value of taxable
real and personal property in the City.By law,the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation bonds.
See accompanying independent auditors'report.
1 81
Schedule 16
CITY OF OMAHA,NEBRASKA ,.
�¢. _`„,
Pledged Revenue Coverage a .
Last Ten Fiscal Years
Direct Net
Gross operating available Debt service requirements „,_,
revenue' expenses- revenue Principal Interest Total3 Coverage
Utility service
Sewer System charges
2004 $ 32.182.282 22,072.931 10,109,351 1.487,511 1.745.792 3,233,303 3.13
2005 33.279,697 23.515,095 9,764.602 1.439,030 1.512.034 2.951,064 3.31
2006 34.759 942 24 434,713 10.325,229 2.475.854 2,558,781 5,034,635 2-05
2007 40,573,046 26.148,634 14.424,412 2,436.679 5,078,921 7.515,600 1.92
2008 41,969,126 29.381293 12.587.833 3,832 682 5,080,556 8913,238 1.41
2009 43.704,193 29,341,757 14,362.436 3.968,039 4,867.190 8,835_.229 163
2010 49.783,043 32,629953 17,153.090 4.790,945 6,246.860 11.037 805 1.55
2011 59,414.374 35,082.144 24,332 230 6,183,692 7,670 908 13,854,600 1.76
2012 73.636.605 35,026.078 38.610,527 9.819,735 7,797,934 17,617,669 2.19
2013 88.272,211 35,169,996 53.102,215 10.722,865 13,396,933 24,119,798 220
' ' Generally,gross revenues include sewer use fees and interest on investments.
''' Generally,direct operating expenses include sewage treatment and pumping.sewer maintenance,administrative and general,and industrial waste control
Excluded from direct operating expense are depreciation and amortization.
`3' The numbers reflect the total annual fiscal year's debt service requirements on all the outstanding senior and junior revenue bonds and notes.
Net revenues
Convention Center Hotel from Manager "'
2004'3' 5 5.197,148 1.1 11.614 4,085.534 4.280,527 4.280.527 0-95
2005 5,197,148 1,111614 4,085.534 4.280.527 4.280,527 0.95
2006 7.046,759 1.766,738 5,280.021 5,318,665 5.318,665 0.99
2007 8.414,989 1.835,394 6,579,595 5.299,307 5,299.307 1.24
2008 9.715.892 956,436 7,759,456 6,158.546 6,158.546 1.26
2009 7,065,949 1.863.396 5.202.553 5,192.217 5,192.217 1.00
2010 8,274,289 1569,043 6.705 246 315.000 5,185 917 5.500,917 1.22
2011 6,969.693 1.971,401 4,998,292 470,000 5,170.217 5,640,217 0.89
2012 1 1248.005 1.506,695 9,74131(1 640,000 7.606.435 8,246.435 1.18
2013 11,915719 2.429.308 9,486411 1,160,000 7,570,504 8.730,5(14 1.09
''' Generally,gross revenues include net revenues from manager and interest on investments.
' Generally,direct operating expenses include administrative costs_taxes,and insurance.
Excluded from direct operating expense are depreciation and amortization
'3' Hotel opened April 1,2004-
Dock rental
Dodge Park Marina Fund fees
2004 S 406.644 219965 186,679 130,000 30,524 160.524 1.16
2005 424,648 277.860 146,788 140.000 24.628 164,628 0.89
2006 444,992 261,985 183.007 140.000 18.398 158,398 1.16
2007 517,829 300,929 216.900 150,000 12,038 162,038 1.34
2008 504,623 325,086 179,537 155.000 5,288 160,288 1.12
2009 498,450 450.812 47.638 N/A
2010 446.039 283.542 162,497 N/A
2011 397.344 272.036 125.308 N/A 7-
2012 603.435 471,743 131.692 N/A
2013 619,9(14 531,989 87,915 .. N/A
'' Generally.gross revenues include net slip rental fees,concessions,and interest on investments.
'" Generally,direct operating expenses include operating and maintenance costs. -
Excluded from direct operating expense are depreciation and amortization_
Special tax revenue Redevelopment
redevelopment bonds levy
2004 $ 1.757.854 - 1,757.854 885.000 1.125,071 2.010,071 0.87
2005 1,815,671 I,815.671 1.125.000 2 082,762 3.207,762 0.57
2006 1,924,414 1.924.414 1,360.000 1929,602 3.289,602 0.58
2007 1.987.825 1.987,825 1,095,000 1.768,361 2,863,361 0.69
2008 2.266.497 2.266.497 1,420,000 1,889,680 3,309,680 0.68
2009 2.386,049 2.386,049 1,730,000 2.105,945 3,835,945 0.62
2010 4,175,584 - 4_175,584 2315000 2.302,714 4,617,714 0.90
2011 4.258,621 - 4.258.621 2,390,000 2.228,570 4,618,570 0-92
2012 4.436,505 4,436,505 2,625 000 2.113,708 4,738 708 0.94
2013 4,469,767 - 4,469,767 3.130.000 1.530 279 4.660,279 0-96
' ' Gross revenue include the Special Tax Redevelopment Property Tax Levn-
1 82 (Continued) -
Schedule 16
CITY OF OMAHA,NEBRASKA 11K'
Pledged Revenue Coverage
Last Ten Fiscal Years
Direct Net
Gross operating available Debt service requirements
revenue' expenses' revenue Principal Interest Total' Coverage
Special Obligation Bonds
2004 $ 114,508,723 — 114.508,723 596,024 3,401,295 3,997,319 28.65
2005 119,192,495 — 119,192,495 621,813 3,376,938 3,998,751 29.81
2006 116,878,412 116,878,412 643,542 3,352,007 3,995,549 29.25
2007 121,702,023 121,702,023 670,527 3,325,702 3,996,229 30.45
2008 128,318,818 128,318,818 699,182 2,455,815 3,154,997 40.67
2009 125,060,406 — 125,060,406 1,442,837 3,645,523 5,088,360 24.58
2010 130,252,172 130,252,172 1,251,492 3,589,306 4,840,798 26.91
2011 129,912,045 — 129,912,045 1,300,878 3,534,862 4,835,740 26.86
2012 131,719,136 — 131,719,136 1,360,264 3,210,247 4,570,511 28.82
2013 140,253,013 140,253,013 1,809,870 3,020,695 4,830,565 29.03
(1) Gross revenues include state cigarette tax,TIF revenues,land sales,and sales tax.
12' Generally,direct operating expenses include administrative costs,taxes,and insurance.
(3' Sewer Revenue portion of debt service requirement reported under the Sewer Revenue Fund.
Street&Highway Tax
Allocation Bonds
,,... 2010 $ 27,674,538 27,674,538 145,000 84,503 229,503 120.58
2011 30,371,268 — • 30,371,268 65,000 77,645 142,645 212.92
2012 32,469,853 — 32,469,853 180,000 73,578 253,578 128.05
2013 34,215,504 — 34,215,504 185,000 67,270 252,270 135.63
'" Gross revenues include state street and highway allocation taxes.
See accompanying independent auditors'report.
Mada
"'"" 183
Schedule 17
CITY OF OMAHA,NEBRASKAems%_
Demographic and Economic Statistics ' a ,,ez'#"a.i
Last Ten Fiscal Years 1'4'4
Per capita
Personal personal School Unemployment
Population' income2 income2 enrollment3 rate4
Fiscal year:
2004 417.702 5 19,221.889 39.970 72,407 4.3
2005 423.255 20.283.646 41.693 73,182 4.3
2006 428.263 21.424.933 43.599 74.288 3.4
2007 432.791 22.786.541 45.946 75.318 3.3
2008 438.646 23.941.124 47.588 75.764 3.7
2009 454,731 23.428.776 45.921 77.096 5.0
2010 409.850 23.584.222 45.473 77.560 4.7
2011 416,855 24.672.885 47.008 78.708 5.0
2012 419,041 25.765.091 48.498 78.796 4.4
2013 421.570 N/A N/A 80.638 4.5
Sources: ' From 2004—2010,information gathered from U.S. Census Bureau. From 2011 going forward. it is
provided by the Greater Omaha Chamber of Commerce.
2 U.S.Department of Commerce Bureau of Economic Analysis.Personal Income and Per Capita
Income are based on Douglas County figures.The figures for the year 2000 Personal Income and
Per Capita Personal Income are based on estimates. Y
' Omaha Public Schools.Millard Public Schools. District 66.
4 United States Department of Labor—Bureau of Labor Statistics
The unemployment rates are for the Omaha—Council Bluffs Metropolitan Statistical Area.
See accompanying independent auditors' report.
184
Schedule 18
CITY OF OMAHA,NEBRASKA
Principal Employers fi:40""-
2013
Percentage
of total City
Employer Employees Rank employment
Offutt Air Force Base 7,500+ 1 1.69%
Alegent Health 7,500+ 2 1.69
Omaha Public Schools 5,000+ 3 1.69
ti— Methodist Health System 5,000+ 4 1.13
The Nebraska Medical Center 5,000+ 5 1.13
University of Nebraska Medical Center 2,500+ 6 1.13
First Data Corp. 2,500+ 7 0.56
Union Pacific 2,500+ 8 0.56
HyVee Inc. 2,500+ 9 0.56
First National Bank of Nebraska 2,500+ 10 0.56
— West Corp. 2,500+ 11 0.56
Walmart Stores 2,500+ 12 0.56
ConAgra Foods 2,500+ 13 0.56
Mutual of Omaha 2,500+ 14 0.56
Creighton University 2,500+ 15 0.56
Total 13.50%
"' 2012
Percentage
of total City
m Employer Employees Rank employment
Offutt Air Force Base 7,500+ 1 1.93%
Alegent Health 7,500+ 2 1.93
Omaha Public Schools 5,000+ 3 1.93
Methodist Health System 5,000+ 4 1.29
The Nebraska Medical Center 5,000+ 5 1.29
University of Nebraska Medical Center 2,500+ 6 1.29
First Data Corp. 2,500+ 7 0.64
Union Pacific 2,500+ 8 0.64
HyVee Inc. 2,500+ 9 0.64
First National Bank of Nebraska 2,500+ 10 0.64
— West Corp. 2,500+ 11 0.64
Walmart Stores 2,500+ 12 0.64
ConAgra Foods 2,500+ 13 0.64
Mutual of Omaha 2,500+ 14 0.64
— Creighton University 2,500+ 15 0.64%
Total 15.42%
4.0
Note: Data not available for employers eight years prior.
Sources:Greater Omaha Economic Development Partnership—Omaha Chamber of Commerce Web site.
See accompanying independent auditors' report.
R,. l 85
Schedule 19
CITY OF OMARA,NEBRASKA ,„-41 2-.,
Full-Time Equivalent City Government Employees by Function/Program .mi"4� .
Last Ten Fiscal Years
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Function.
General government 178 182 165 161 170 170 176 180 169 169
Public safety
Police Sworn 745 1 768 772 751 796 765 787 780 790 774
Civilians 173 80 170 161 I47 143 I49 142 142 134
Fire.
Sworn 637 634 651 630 662; 667 64(1 624 633 651
Civilians 9 8
8
Prosecutors 19 9 17 13 I 12 12 12 12 12
249 255 262 262 275 284 262
I�ransportation services 229 229 244
Community development 103 103 102 106 118 117 120 121 119 117
210 208 211 221 208 221 221 220 206
Culture and parks 22896 95 105 104 102 1 I I
Otherpublicserviccs 99 85 96 23 21 22 17 I 16 18
Golfolf29 25 5 I I I I I
Dennis 1 I ennis 1 I 1 I I I
Dodge Park Marina 1 I I 1 I I 2
4 45 45 42 57 57 7 5 5 3 3 3
S and graphics 57 57 63 63 65
Sewer 6 6 5
6 7 7 7 7 7 6
C quality control 6 6 7 7 7 7 5 5 5 5
Compost _ - - 1 2
Parking facilities 1 1 I 1
Environmental engineering IS
2,524 2,491 2,584 2,542 2,562 2,554 2.569 2,540
Total 2,520 2,_5 04
Source City of Omaha Annual Budgets.
See accompanying independent auditors'report.
I
186
a
2
.,
i i i i i I t I i 2
1 1
Schedule 20
CITY OF OMAHA,NEBRASKA
A.
Operating Indicators by Function/Program fr°{ I,c:
Last Ten Fiscal Years
.,
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Function:
General government:
Law-civic:
Civil active cases 416 416 350 389 161 241 245 261 280 269
Public safely:
Police:
Calls for service 231,104 234,149 235,065 232,586 226,616 236,670 229,933 218,446 217,149
Incidents of arrests 26,572 28,019 32,266 32,732 32,178 25,009 39,973 24,078 22,732
Crime scene investigation
Calls for services per day 5,830
Traffic citations: 29,257 30,611 33,238 28,834 20,120 24,409 43,186 47,230 43,219 519
Moving
Response to Priority I Citizen Calls:
Average response time
Fire: 5 min
Fire calls answered 1,784 1,825 1,834 1,905 1,620 1,549 1,585 1,420 1,878 1,619
Average response time 4 min 21 sec 4 min 34 sec 4 min 36 sec 4 min 34 sec 4 min 31 sec 4 min 25 sec 4 min 28 sec 4 min 23 sec 4 min 24 sec 4 min 18 sec
Transportation services:
Street maintenance:
Asphalt repair(lane miles) 1,570 1,600 1,600 1,682 1,682 1,682 1,682 1,682 1,682 1,682
Culture and recreation:
Library:
Number of items checked out
by public 2,375,781 2,500,000 2,889,557 2,855,393 3,002,144 3,131,585 3,205,734 3,148,969 3,038,060
Recreation:
Attendance:conununitycenters 630,964 629,618 638,835 720,778 611,081 615,000 893,737 959,984 884,734 749,175
Community development:
Planning:
Planning board case reviews 422 561 390 452 233 277 218 188 167 181
Golf:
Golf rounds played 214,000 206,000 195,911 189,346 182,157 181,000 157,500 152,503 162,479 160,707
Note:The figures shown above are based on actuals.
Source:City of Omaha Annual Budget.
See accompanying independent auditors'report.
187
Schedule 21
CITY OF OMAHA,NFI8RASKA .,r]►I:
Capital Asset Statistics by Function/Program "r';' ''
Last Ten Fiscal Years
2004 2005 2006 2007 2008 2009 2010 21111 2012 2013
Function:
Public safety: 5 5 5
Police precincts(includes headquarters) 5 5 5 5 5 5 5
Police horse patrol facility 1 1 1 1 I
I I I I 1
Emergency response and traffic facility I 1 I I I I I 1 I 1
Police air support facility I I 1 1 I 1 1 I I I
Fire stations(includes headquarters) 23 23 23 23 24 24 24 24 24 24
Police/fire training facility 1 1 1 I I I I I
Medic units 13 13 13 15 15 15 15 15 15 15
Transportation services:
lane miles of streets.striped 825 830 840 870 870 940 1.200 9311 930 1.045
Streetlights 51.100 51.528 52.834 53,696 54,852 56,277 57,074 58,207 58,725 58.685
Culture and recreation.
Parks acreage 8.284 8.284 8,537 8,537 8.680 9,455 9,475 9,475 9,620 9,621)
• 192 225 225 231 231
Parks
Swimming pools(outdoor) 16 16 16 lb 16 14 lb 15 I5 I5
2 2 3 3 3 3 3 3 3
Swimming pools(indoor) 2 8 8 8 9
Golf courses(public) 8 8 8 8 8 8
Community centers 15 15 15 15 15 16 15 14 14 13
Libraries 10 10 10 II II 12 12 12 12 12
Sewer: 539.9O9 3528.832
Sewer line cleaned(linear feet) 2,182,938 3,171.496 3.405.072 3,383,994 3.150,344 3,383,994 3.71 1,21 1 3,459 317
Note:These figures are based on actuals from the City budget and fixed asset information.
Sources:Various City departments.
See accompanying independent auditors'report.
188
z s
,/lei,Ac -
No. 7/y
City of Omaha Comprehensive Annual
Financial Report for year ended December 31,
2013.
11
RECEIVED
Presented toc J to
July 22, 2014
-4 -
and p on file
awye 7-
Buster Brown
City Clerk