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Fund Financial Statements Year Ended June 30, 2020 2 2 0 ANAHEIM, CALIFORNIA Year Ended June 30, 2020 2 2 0 0 ANAHEIM, CALIFORNIA Year Ended June 30, 2020 2 2 0 Prepared by the Finance Department 0 ANAHEIM, CALIFORNIA CITY OF ANAHEIM Comprehensive Annual Financial Report Table of Contents June 30, 2020 Page INTRODUCTORY SECTION (Unaudited) Letter of Transmittal 1 GFOA Certificate of Achievement for Excellence in Financial Reporting 7 Organization Chart 9 Administrative Personnel 10 FINANCIAL SECTION Independent Auditor’s Report 13 Management’s Discussion and Analysis (Unaudited) 17 Basic Financial Statements Government-wide Statements Statement of Net Position 35 Statement of Activities 37 Fund Financial Statements Balance Sheet - Governmental Funds 39 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position 40 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds 41 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 42 Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Budgetary Basis Actual - General Fund 43 Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Budgetary Basis Actual - Housing Authority 44 Statement of Net Position - Proprietary Funds 45 Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds 47 Statement of Cash Flows - Proprietary Funds 48 Statement of Fiduciary Net Position (Deficit) - Fiduciary Funds 50 Statement of Changes in Fiduciary Net Position (Deficit) - Fiduciary Funds 51 Notes to Financial Statements 53 Required Supplementary Information (Unaudited) Schedule of Changes in the Net Pension Liability and Related Ratios 109 Schedule of Pension Plan Contributions 112 Schedule of Changes in the Net Other Postemployment Benefits (OPEB) Liability and Related Ratios 113 Schedule of Other Postemployment Benefits (OPEB) Plan Contributions 114 Combining Individual Fund Statements and Schedules Governmental Funds Combining Balance Sheet - Nonmajor Governmental Funds by Fund Type 117 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental Funds by Fund Type 118 Combining Balance Sheet - Nonmajor Special Revenue Funds 119 Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficit) - Nonmajor Special Revenue Funds 120 Schedule of Revenues, Expenditures and Changes in Fund Balances (Deficits) - Budget and Actual - All Nonmajor Special Revenue Funds 121 Balance Sheet - Nonmajor Debt Service Fund 125 Statement of Revenues, Expenditures and Change in Fund Balance - Nonmajor Debt Service Fund 126 Schedule of Revenues, Expenditures and Change in Fund Balance - Budget and Actual - Debt Service Fund 127 CITY OF ANAHEIM Comprehensive Annual Financial Report Table of Contents June 30, 2020 Page Combining Balance Sheet - Nonmajor Capital Projects Funds 128 Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits) - Nonmajor Capital Projects Funds 129 Schedule of Revenues, Expenditures and Changes in Fund Balances (Deficits) - Budget and Actual - All Capital Projects Funds 130 Internal Service Funds Combining Statement of Net Position - Internal Service Funds 137 Combining Statement of Revenues, Expenses and Changes in Net Position - Internal Service Funds 138 Combining Statement of Cash Flows - Internal Service Funds 139 Fiduciary Fund Statement of Changes in Fiduciary Assets and Liabilities - Agency Fund - Mello-Roos 143 STATISTICAL INFORMATION (Unaudited) Net Position by Component - Last Ten Fiscal Years 148 Changes in Net Position - Last Ten Fiscal Years 149 Governmental Activities Tax Revenues By Source - Last Ten Fiscal Years 151 Fund Balances of Governmental Funds - Last Ten Fiscal Years 152 Changes in Fund Balances of Governmental Funds - Last Ten Fiscal Years 153 General Government Tax Revenues By Source - Last Ten Fiscal Years 154 Assessed Value and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years 155 Property Tax Rates - Direct and Overlapping Governments - Last Ten Fiscal Years 156 Principal Property Tax Payers - Current Year and Nine Years Ago 157 Property Tax Levies and Collections - Last Ten Fiscal Years 158 Ratios of Outstanding Debt by Type - Last Ten Fiscal Years 159 Ratios of Net General Bonded Debt Outstanding - Last Ten Fiscal Years 160 Direct and Overlapping Governmental Activities Debt - As of June 30, 2020 161 Legal Debt Margin - Last Ten Fiscal Years 163 Pledged-Revenue Coverage - Last Ten Fiscal Years 164 Demographic and Economic Statistics - Last Ten Fiscal Years 166 Principal Employers - Current Year and Nine Years Ago 167 Full-time Equivalent City Government Employees by Function/Program - Last Ten Fiscal Years 168 Operating Indicators by Function - Last Ten Fiscal Years 169 Capital Assets Statistics by Function - Last Ten Fiscal Years 171 OTHER INFORMATION (Unaudited) Summary of Pension Obligation Funding Progress 175 Summary of Other Postemployment Benefits (OPEB) Funding Progress 176 City of Anaheim Map 177 CITY OF ANAHEIM CITY OF ANAHEIM PROFILE City of Anaheim, California The City of Anaheim is located in northwestern Orange County, approximately 28 miles southeast of downtown Los Angeles and 90 Finance Department miles north of San Diego. The City lies on a coastal plain, which is bordered by the Pacific Ocean to the west and the Santa Ana Mountains to the east. The City is the oldest and most populous city in Orange County. Anaheim is home to the Disneyland Resort, the Anaheim Convention Center, the Anaheim Regional Transportation Intermodal Center (ARTIC), and two major league professional sports teams the Angels Major League Baseball team, which utilizes Angel Stadium of Anaheim, and the Anaheim Ducks National Hockey League team, which December 21, 2020 utilizes the Honda Center. To the Honorable Mayor and City Council The City of Anaheim was founded and incorporated in 1857. In June 1964, City of Anaheim the local voters approved a City Charter. The City operates under the Anaheim, California Charter and with a Council-Manager form of government. The six City Council members are elected to four-year terms in alternate slates every In accordance with the Charter of the City of Anaheim (City), please two years. In February 2016, the City Council unanimously adopted the accept submission of the Comprehensive Annual Financial Report city’s first districting map and election sequence, changing the election (CAFR) for the fiscal year ending June 30, 2020. Responsibility for the of council members from an at-large system to a by-district system as of accuracy of the data, completeness, and fairness of the presentation, the November 2016 election; the Mayor continues to be elected at-large. including all disclosures, rests with the City. We believe the data The Mayor presides over meetings of the City Council and has one vote. included is accurate in all material aspects, and is presented in a manner designed to fairly set forth the financial position and operational The City Council appoints the City Manager, who heads the executive achievements of the City, as measured by the financial activity of its branch of government, implements City Council directives and policies, various funds. In addition, all disclosures necessary to enable the reader and manages the administrative and operational functions through the to gain maximum understanding of the City’s financial activities have various departmental heads, who are appointed by the City Manager. been included. City full-time employees numbered 1,946 in 2020, of whom 591 were The City Charter requires an annual audit of the City’s financial assigned to the Police Department and 276 to the Fire & Rescue. The statements by an independent Certified Public Accountant. Accordingly, latter has twelve stations; the City enjoys a Class One fire insurance this year’s audit was completed by KPMG LLP. In addition to meeting the rating, the highest rating possible. requirements set forth in the City Charter, the audit was also designed Anaheim, with a population of 357,325 in 2019, is a significant contributor to meet the requirements of the Single Audit Act Amendments of 1996 to the diverse Orange County economy, which is home to more than and the Uniform Guidance. The auditors’ report on the basic financial 8,500 manufacturing plants. Product manufacturers include notable statements is included in the financial section of this report. The manufacturing businesses focused on defense and aerospace, auditors reports related specifically to the single audit are presented as biomedical, electronics, machinery, and computer products. The City a separate document. has over 24,000 active business licenses, of which over 17,000 are Management’s discussion and analysis (MD&A) immediately follows businesses operating within the City’s boundaries. the independent auditors’ report and provides a narrative introduction, The City provides a wide range of municipal services. Core services overview, and analysis of the City’s basic financial statements. MD&A include public safety, parks, community centers, libraries, electric, complements this letter of transmittal and should be read in conjunction water and sanitation utilities, public works, planning and buildings, and with it. convention center. 1 CITY OF ANAHEIM When the City adopted the fiscal year 2020/2021 budget, it was expected ECONOMIC CONDITION AND OUTLOOK that revenues for the last quarter
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