STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
240 Annual Comprehensive Financial Report | June 30, 2023 Revenue Capacity
Principal Property Taxpayers
Current Year and Nine Years Ago
Percent of Percent of
Total City Total City
Total Taxable Total Taxable
Assessed Assessed Assessed Assessed
Property Owner Valuation Valuation* Valuation Valuation Kaiser Foundation Health Plan 317,349 $ 0.84% 228,054$ 1.05% CPUS Pa s a dena LP 285,573 0.76% - 0.00% CVFI S La ke Ave LP 272,373 0.72% - 0.00% CSCDA Community Improvement Authority 226,809 0.60% - 0.00% BPP Ea s t Uni on LLC 225,475 0.60% - 0.00% PPF Off 100 W Wa l nut St LP 190,534 0.50% 173,706 0.80% Pa ci fi c Hunti ngton Hotel Corp 188,480 0.50% 158,420 0.73% PPF Off 74 N Pasadena Ave 177,066 0.47% 152,592 0.70% Wes tern As s et Pl a za LLC 174,962 0.46% 154,133 0.71% 177 Colorado Owner LLC 173,161 0.46% - 0.00% P aseo C olor ado Holdings LLC - 0.00% 200,375 0.92% Tishman Spey er Archstone Smith - 0.00% 135,665 0.62% SSR Pas eo Colorado LLC - 0.00% 114,894 0.53% TC Tri o Apa rtment LLC - 0.00% 114,108 0.52% Ca pre f Pa s e o LLC Le s s or - 0.00% - 0.00% Leonard M Marangi Et Al Trust - 0.00% - 0.00% Equity Office Properties Trust - 0.00% - 0.00% BCSP PASADENA TOWERS PROPERTY LLC - 0.00% 123,216 0.57% Total principal property taxpayers gross assessed value 2 ,231,781$ 5.91% 1 ,555,163$ 7.15% 2023 2014
NOTES:
The amount s shown abov e inc lude assessed v alue dat a for bot h t he C it y and the Redevelo pment A genc y.
Data is onl y pres ented for the to p ten properties in ea ch of the two years pres ented.
Exem pt v alues are not included in Total C it y Tax able Assessed Valuat ion.
SOURCE: Starti ng wi th FY2021, HdL Coren & Cone.
CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 241 Revenue Capacity
Property Tax Levies and Collections (1)
Last Ten Fiscal Years
Fiscal Taxes Levied Collections in
Year Ended for the Percent Subse quent Percent
June 30 Fiscal Year Amount of Lev y Years Amount of Lev y (2) 2014 41 ,214$ 41 ,489$ 100.67% $ 627 41 ,489$ 100.67% 2015 43 ,785 53 ,951 123.22% * 53 ,951 123.22% 2016 46 ,437 (3) 56,654 122.63% * 56 ,654 122.63% 2017 48 ,735 (3) 66,159 134.82% * 66 ,159 134.82% 2018 52 ,462 (3) 58,934 112.34% 608 58 ,934 112.34% 2019 55 ,562 65 ,535 117.95% * 65 ,535 117.95% 2020 59 ,511 67 ,890 114.08% * 67 ,890 114.08% 2021 62 ,969 73 ,748 117.12% * 73 ,748 117.12% 2022 65 ,066 76 ,309 117.28% * 76 ,309 117.28% 2023 68 ,595 81 ,292 118.51% * 81 ,292 118.51% Fiscal Year of Levy Total Collections to Date
Collected within the
NOTES:
1 . Ex c ludes c ollec tions fr om P olic e Building Gener al Obli gat ion Bond Assessment .
3. Ta xes Levi ed for the Fi s ca l Yea rs 2016, 2017 a nd 2018 res ta ted on Fi s ca l Yea r 2019 ta bl e. * C ollec tion in subse quent year infor mation not av ailable.
SOURCE: Count y of Los An geles , De partment of Auditor-Controller , Infor mation for Rec onciliation of Tax es.
2. Thi s percentage ma y exceed 100% becaus e i nformati on provi ded by Tax As s es s or ma y not cl ea rl y identify the y ear collected.
STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
242 Annual Comprehensive Financial Report | June 30, 2023 Taxable Sales by Category
Last Ten Calendar Years
Category 2013 2014 2015 2016
Appa rel Stores 196,947 $ 189,018 $ 191,081 $ 185,448 $ Genera l Mercha ndi s e 232,768 225,356 221,751 217,422 Food Stores 114,250 115,530 117,323 119,790
Eati ng and Dri nking Pl aces 456,938 484,038 527,297 557,934 Bui l di ng Ma teri al s 128,753 139,856 151,476 153,656 Auto Deal ers and Suppl i es 471,969 519,264 567,122 603,078 Service Sta ti ons 176,911 170,434 150,270 131,929
Other Retai l Stores 619,370 614,529 631,814 627,434 Al l Other Outl ets 495,571 500,132 456,195 486,096 Total 2 ,893,477$ 2 ,958,157$ 3 ,014,329$ 3 ,082,787$
NOTE:
Due to confidentiality issues, the names of the ten largest rev enue pay ers are not av ailable. The categories pres ented are intended to provide a lterna tive informa tion regarding the sources of the City's revenue.
SOURCES:
State Boar d of Equalization, C alifor nia Depar tment of Tax es and Fees Administr ation, State C ontr oller 's Offic e, The HdL Companies
CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 243 Revenue Capacity
2017 2018 2019 2020 2021 2022
177,113$ 181,483 $ 171,766 $ 97,758 $ 144,279 $ 149,330 $ 213,578 212,075 200,988 143,434 167,795 175,020
118,456 128,230 135,371 133,677 134,886 146,687
579,785 598,669 627,754 424,914 591,247 681,595
167,924 171,639 158,517 170,873 231,793 295,489
625,426 718,738 712,411 747,555 809,741 905,090
144,807 161,406 155,631 94,232 139,951 178,443
616,644 635,411 608,066 471,997 628,960 668,500
414,785 450,178 376,319 226,118 1,008,879 1,105,835 3,058,518$ 3 ,257,829$ 3 ,146,823$ 2 ,510,558$ 3 ,857,531$ 4 ,305,989$
STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
244 Annual Comprehensive Financial Report | June 30, 2023 Electricity Sold by Type of Customer
Last Ten Fiscal Years
(in Megawatt-Hours)
2014 2015 2016 2017 2018
Type of C ustomer:
Res i denti a l 317 325 326 320 321 C ommer cial and Industr ial 7 8 4 769 756 721 710 Street Li ght s and Tr affic Si gnals 14 13 13 13 13 Wholesales to Other Utilities 37 31 - - 21 Other - - - - - Total 1 ,152 1 ,138 1 ,095 1 ,054 1 ,065 Tota l direct rate per mega wa tt hour
1 162.46 163.43 173.54 178.48 179.07
Fiscal Year
NOTES:
1 Rate repres ents a verage cos t per mega wa tt hour with res pect to tota l revenue s a les from electri cit y 2 Other represents net change in unbilled revenue per megawatt hour SOURCE: Pasadena Water and Power
CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 245 Revenue Capacity
2019 2020 2021 2022 2023
325 319 344 334 352 687 658 587 627 710 13 12 12 11 11 27 69 32 - - - - - 1 (5) 1,052 1 ,058 975 973 1 ,068 174.22 173.28 191.00 195.55 201.80
Fiscal Year
STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
246 Annual Comprehensive Financial Report | June 30, 2023 Revenue Capacity
Electricity Rates
Last Ten Fiscal Years
(Average Rate in Dollar per Kilowatt-Hour)
Fiscal
Year Ended Commercial Street Li ghts &
June 30* Residential & Industrial Traffic Si gnals
2014 0.1612 0.1442 0.1427 2015 0.1784 0.1556 0.1514 2016 0.1827 0.1582 0.1505 2017 0.1826 0.1597 0.1467 2018 0.1927 0.1684 0.1495 2019 0.1940 0.1677 0.1495 2020 0.2092 0.1867 0.1793 2021 0.2106 0.1903 0.1813 2022 0.2100 0.1880 0.1882 2023 0.2188 0.1894 0.2015
SOURCE: Pasadena Water and Power
* FY 2014 - FY 2023 i ncl ude Publ i c Benefi t Char ge (PBC)
CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 247 Revenue Capacity
Electricity Customers
Current Year
Percent of
Electricity Operating Electric
Electricity Customer Char ges Revenues
Ca l tech 14,849 $ 5.80% Pasadena Hospital Association 6,731 2.63% Pasadena Unified School District 2,815 1.10% Tes l a Inc 2,832 1.11% Pasadena City College 2,342 0.92% Dept of Transportation 2,251 0.88% Kaiser Permanente 1,607 0.63% Art Ce nte r Col l e ge Of De s i gn 1,473 0.58% Public Works Dept 1,554 0.61% Pasadena Center 1,472 0.58% 37,926$ 14.83%
2023
SOURCE: Pasadena Water and Power
STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
248 Annual Comprehensive Financial Report | June 30, 2023 Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Fiscal Year
Ended Revenue Pension Certificates of
June 30 Bonds Bonds Partici pation
2013 6 ,700$ 133 ,905$ 85 ,773$ 2014 6 ,180 123 ,890 76 ,590 2015 5 ,618 117 ,185 73 ,165 2016 5 ,060 117 ,260 73 ,398 2017 4 ,501 117 ,336 68 ,276 2018 - 117 ,412 62 ,967 2019 - 117 ,488 57 ,636 2020 - 136 ,739 55 ,478 2021 - 134 ,886 53 ,220 2022 - 132 ,832 50 ,866 2023 - 130 ,494 48 ,408 Governmental Activities
NOTES:
Begi nni ng wi th fi s cal yea r 2022, the Ci ty i mpl emented GASB 87, s o l eas e l i ab ilities infor mation was added. **See Demographic Statistics Table for personal income. ***See Demogra phic Sta tis tics Ta ble for population data . Per ca pi ta ca l cul a ti on corrected i n FY2022.
Deta ils rega rding the City's outs ta nding debt ca n be found in the notes to the fina ncia l s ta tements (Note 10). The amount of outstanding debt by type reported above is net of the related premiums and discounts.
Begi nni ng wi th fi s ca l yea r 2018, the Ci ty i mpl emented GASB 75, s o other pos t empl oyment benefi ts l i a bi l ty a mount was removed from the lon g-term section.
*
Begi nni ng wi th fi s ca l yea r 2015, the Ci ty i mpl emented GASB 68, s o pens i on l i a bi l ty a mount wa s removed from the l ong- term debt section.
Begi nni ng wi th fi s ca l yea r 2019, the Ci ty i mpl emented GASB 88, s o other compens a ted a bs ences a nd i ns ura nce cl a i m liabilt y a mount were removed from the l on g-term section.
Begi nni ng wi th fi s ca l yea r 2023, the Ci ty i mpl emented GASB 96, s o the s ubs cri pti on-ba s ed i nforma ti on technol ogy arran gements was added.
CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 249 Debt Capacity
Total
Loan Notes Governmental
Payable Pa yable Other * Activities
8,533$ 926 $ 75 ,838$ 311 ,675$ 7,542 562 89 ,295 304 ,059 6,153 547 67 ,173 269 ,841 4,838 6 ,533 69 ,775 276 ,863 3,361 6 ,218 87 ,229 286 ,921 1,844 5 ,903 59 ,669 247 ,795 833 5 ,587 - 181 ,544 6,812 5 ,271 - 204 ,300 -
5,876 4 ,955 - 198 ,937 -
4,937 4 ,639 110 193 ,384 3,982 4 ,322 9 ,460 196 ,666
STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
250 Annual Comprehensive Financial Report | June 30, 2023 Ratios of Outstanding Debt by Type (Continued)
Last Ten Fiscal Years
Fiscal Year Total
Ended Revenue Certificates of Loan Notes Business-t ype June 30 Bonds Partici pation Pa yable Pa yable Other* Activities 2013 239 ,665$ 9 ,837$ 45 $ 1 ,139$ 3 ,347$ 254 ,033$ 2014 304 ,245 8 ,125 9 987 (3,040) 310 ,326 2015 303 ,424 6 ,301 - 827 - 310 ,552 2016 289 ,292 4 ,358 - 659 - 294 ,309 2017 366 ,890 2 ,291 - 482 - 369 ,663 2018 348 ,915 106 - 296 - 349 ,317 2019 330 ,296 - 3 ,253 101 - 333 ,650 2020 311 ,558 - 2 ,824 - - 314 ,382 2021 306 ,453 - 2 ,384 - - 308 ,837 2022 301 ,282 - 1 ,932 - 51 303 ,265 2023 288 ,582 - 1 ,468 - 7 ,197 297 ,247 Business-type Activities
NOTES:
Beginning with fisc al y ear 2 0 22 , the C ity implemented GASB 8 7 , so lease liabilities infor mation was a **See Demogr aphic St at ist ic s Table for per sonal inc ome. ***See Demogra phic Sta tis tics Ta bl e for popula tion da ta . Per capita ca lcula tion corrected i n FY2022. *
Begi nni ng wi th fi s ca l yea r 2015, the Ci ty i mpl emented GASB 68, s o pens i on l i a bi l ty a mount wa s removed from the l on g-term debt section.
Begi nni ng wi th fi s cal yea r 2018, the Ci ty i mpl emented GASB 75, s o other pos t empl oyment benefi ts liabilt y amount was removed from the lon g-term section.
Begi nni ng wi th fi s cal yea r 2019, the Ci ty i mpl emented GASB 88, s o other compens ated a bs ences and
Begi nni ng wi th fi s cal yea r 2023, the Ci ty i mpl emented GASB 96, s o the s ubs cri pti on-ba s ed infor mation
Detail s rega rding the City's outs ta nding debt can be found in the notes to the fina ncia l s ta tements (Note 10). The amount of outstanding debt by type reported above is net of the related premiums and
CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 251 Debt Capacity
Total Private Pur pose Percenta geD e b t
Primary Long-Term of Personal Per
Government Liabilities Income ** Ca pita ***
565,708$ 51 ,257$ 10.86% 4 ,041$
614,385 48 ,553 10.34% 4 ,357 580,393 7 ,525 9.73% 4 ,116 571,172 16 ,553 9.67% 4 ,051
656,584 10 ,484 10.44% 4 ,591 597,112 3 ,501 8.86% 4 ,147 515,194 635 8.24% 3 ,529 518,682 435 8.11% 3 ,577 507,774 225 7.51% 3 ,502 496,649 - 6.97% 3 ,599 493,913 - 6.75% 3 ,605
STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
252 Annual Comprehensive Financial Report | June 30, 2023 Ratios of General Bonded Debt Outstanding
Last Ten Fiscal Years
Fiscal Year General Tax
Ended Obli gation Revenue Pension Certificates of Allocation June 30 Bonds Bonds Bonds Partici pation Bonds Total
2013 - 6 ,700 133 ,905 85 ,773 - 226 ,378 2014 - 6 ,180 123 ,890 76 ,590 - 206 ,660 2015 - 5 ,618 117 ,185 73 ,165 - 195 ,968 2016 - 5 ,060 117 ,260 73 ,398 - 195 ,718 2017 - 4 ,501 117 ,336 68 ,276 - 190 ,113 2018 - - 117 ,412 62 ,967 - 180 ,379 2019 - - 117 ,488 57 ,636 - 175 ,124 2020 - - 136 ,739 55 ,478 - 192 ,217 2021 - - 134 ,886 53 ,220 - 188 ,106 2022 - - 132 ,832 50 ,866 - 183 ,698 2023 - - 130 ,494 48 ,408 - 178 ,902 Outstanding General Bonded Debt
NOTES:
*See Assessed Value and Actual Value of Taxable Property Table for assessed v alues of taxable property .
Details rega rding the City's outs ta nding debt ca n be found in the notes to the financia l s ta tements (Note 10).
The amount of outstanding debt by type reported above is net of the related premiums and discounts.
General bonded debt is debt payable with governmental fund resources and general obligation bonds recorded in enter pri s e funds , of which , the Cit y has none.
CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 253 Debt Capacity
Percent of
Total City
Restricted Taxable
Net Assets for Net Assessed Per
Debt Service Bonded Debt Valuation* Ca pita**
31,126 195 ,252 1.04% 1 ,617
24,755 181 ,905 0.90% 1 ,466
9,723 186 ,245 0.81% 1 ,321
12,036 183 ,682 0.76% 1 ,303
11,519 178 ,594 0.70% 1 ,249
11,528 168 ,851 0.62% 1 ,173
11,932 163 ,192 0.57% 1 ,118
11,883 180 ,334 0.59% 1 ,244
8,209 179 ,897 0.54% 1 ,241
7,085 176 ,613 0.51% 1 ,280
6,758 172 ,144 0.47% 1 ,257
STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
254 Annual Comprehensive Financial Report | June 30, 2023
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CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 255 Debt Capacity
Direct and Overlapping Debt
June 30, 2023
C it y Assessed Valuat ion 37,815,168$
Tot al Assessed Valuat ion* 37,815,168$
Es timated
Share of
Percentage Outs tanding Overla pping
Applic able
1 Debt a t 6/30/2023 Debt
Dir ec t & Ov er lapping Debt:
Metropol i ta n Wa ter Di s tri ct 1.05% 19,215 $ 201 $ Pas a dena Area Communi ty Col l ege Di s tri ct 35.24% 51,995 18,321 La Ca nada Uni fi ed School Di s tri ct 0.20% 98,950 195 Pas a dena Uni fi ed School Di s tri ct 73.38% 313,070 229,714 Total ov er la pp in g t ax and assessment debt 4 8 3 ,230$ 248 ,431 Ci ty direct debt 187,206
Total direct and overlapping debt 1 435,637$
NOTES:
SOURCE: HdL Core n & Cone , Los Angeles Count y Assessor and Audit or C ombined 2 0 2 2/23 Lien Date Ta x Rolls *For fiscal y ear 2 02 3 the Redev elopment Agency Inc r emental Valuation has been included in the C ity 's Total
1. For debt re paid with property ta xes, the percenta ge of ov erla pp in g debt a pp lic able is estimated usin g va l ue s .
Overla pp in g governments a re thos e tha t coincide , at least in par t, with the geo graphic boundaries of the Cit y.
STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
256 Annual Comprehensive Financial Report | June 30, 2023 Legal Debt Margin Information
Last Ten Fiscal Years
2014 2015 2016 2017
Assessed v aluat ion 5 7 5 ,006$ 24 ,233,251$ 25 ,826,921$ 27 ,095,911$ Conve rs i on percenta ge 25% 25% 25% 25%
Adjust ed assessed v aluat ion 1 4 3 ,752 6 ,058,313 6 ,456,730 6 ,773,978 Debt limit per centage 15% 15% 15% 15%
Debt limit 21 ,563 908 ,747 968 ,510 1 ,016,097 Total net debt applicable to limit: -$ - $ - $ - $ Lega l debt ma rgi n 21,563 908,747 968,510 1,016,097 Total debt a pp lic able to the limit
as a per centage of debt l i mi t 0.0% 0.0% 0.0% 0.0%
Fiscal Year
NOTE:
SOURCE: Ci ty of Pasadena , De partment of Finance and Los An geles C ount y Tax Assessor The Gov er nment C ode of the State of C alifor nia pr ov ides for a legal debt limit of 1 5 % of gr oss assessed v aluation. Howev er , this pr ov ision was enac ted when assessed v aluation was based upon 2 5 % of mar ket v alue.
Effecti ve wi th the 1981-82 fi s ca l yea r, ea ch pa rcel i s now a s s es s ed a t 100% of ma rket va l ue (a s of the mos t recent c hange in owner ship for that par cel). The c omputations shown abov e r eflec t a c onv er sion of assessed v aluation data for each fisc al y ear fr om the c ur r ent full v aluation per spectiv e to the 2 5 % lev el that was in effec t at the time that the legal debt mar gin was enacted by the State of C alifor nia for local gov er nments loc ated within the state.
CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 257 Debt Capacity
2018 2019 2020 2021 2022 2023
29,144,272$ 30 ,926,320$ 32 ,706,801$ 34 ,663,728$ 35 ,964,692$ 37 ,815,168$ 25% 25% 25% 25% 25% 25%
7,286,068 7 ,731,580 8 ,176,700 8 ,665,932 8 ,991,173 9 ,453,792 15% 15% 15% 15% 15% 15%
1,092,910 1 ,159,737 1 ,226,505 1 ,299,890 1 ,348,676 1 ,418,069 -$ - $ - $ - $ - $ - $ 1,092,910 1,159,737 1,226,505 1,299,890 1,348,676 1,418,069
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Fiscal Year
STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
258 Annual Comprehensive Financial Report | June 30, 2023 Debt Capacity
Pledged-Revenue Coverage
Governmental Activity Debt
Last Ten Fiscal Years
Fiscal Year
Ended Pro perty Tax
June 30 Taxes Increment ** Principal Interest Coverage
2014 44 ,066 6 ,486 2 ,704 725 1.89 2015 56 ,446 1 ,925 2 ,245 409 0.73 2016 59 ,141 4 ,965 2 ,100 284 2.08 2017 68 ,752 9 ,327 2 ,235 234 3.78 2018 63 ,484 4 ,586 2 ,360 177 1.81 2019 68 ,276 143 195 35 0.62 2020 70 ,689 65 200 26 0.29 2021 76 ,579 8 210 16 0.04 2022 79 ,144 - - - - 2023 84 ,327 - - - - Tax Allocation Bonds
Private Purpose Trust Fund**
Debt Service
NOTE:
Details rega rding the City's outs ta nding debt ca n be found in the notes to the financia l s ta tements . **As of February 1, 2012, ta x i ncrement i s reported under Pri va te Purpos e Trus t Fund groupi ng. *Up to Ja nua ry 31, 2012, the da te of PCDC di s s ol uti on, ta x i ncrement wa s reported under Pri ma ry Government grouping.
Pri or to fi s ca l yea r 2015, gros s a mount wa s reported (before deducti on of Pa s s -through a nd County A dminist r at iv e C ost ).
Sta rti ng i n fi s ca l yea r 2015, net amount i s reported (pos t deducti on of Pas s -through and County A dminist r at iv e C ost ).
CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 259 Debt Capacity
Pledged-Revenue Coverage
Business-Type Activity Debt
Last Ten Fiscal Years
Fiscal Year Li ght & Less Net
Ended Power O perating Available
June 30 Revenue
1 Expenses
2 Revenue Princi pal Interest Covera ge
2014 193 ,701$ 155 ,663$ 38 ,038$ 8 ,695$ 7 ,190$ 239.46% 2015 207 ,745 147 ,810 59 ,935 8 ,950 8 ,715 339.29% 2016 204 ,224 146 ,510 57 ,714 9 ,340 8 ,347 326.31% 2017 204 ,287 151 ,499 52 ,788 11 ,290 10 ,865 238.27% 2018 213 ,873 148 ,636 65 ,237 12 ,000 11 ,250 280.59% 2019 230 ,980 155 ,634 75 ,346 12 ,475 10 ,778 324.03% 2020 226 ,285 156 ,038 70 ,247 13 ,005 10 ,249 302.09% 2021 222 ,862 155 ,468 67 ,394 13 ,380 9 ,679 292.27% 2022 207 ,563 155 ,040 52 ,522 13 ,930 9 ,147 227.60% 2023 260 ,779 192 ,916 67 ,863 7 ,225 8 ,487 431.92% Fiscal Year Less Net
Ended Water O perating Available
June 30 Revenue
1 Expenses
2 Revenue Princi pal Interest Covera ge
2014 61 ,772$ 42 ,615$ 19 ,157$ 3 ,070$ 4 ,045$ 269.25% 2015 58 ,039 38 ,810 19 ,229 3 ,185 3 ,915 270.83% 2016 51 ,538 35 ,501 16 ,037 3 ,305 3 ,782 226.29% 2017 58 ,551 38 ,589 19 ,962 4 ,430 3 ,634 247.54% 2018 62 ,819 43 ,801 19 ,018 3 ,525 3 ,456 272.43% 2019 62 ,244 45 ,322 16 ,922 3 ,695 3 ,287 242.37% 2020 63,901 47,447 16,454 2,475 3,114 294.40% 2021 71 ,441 52 ,287 19 ,154 2 ,540 2 ,858 354.84% 2022 66 ,879 49 ,098 17 ,781 2 ,720 2 ,927 314.88% 2023 66 ,087 48 ,265 17 ,822 2 ,725 3 ,133 304.23% Debt Service
3 Water Revenue Bonds
Debt Service
3 Light & Power Revenue Bonds
NOTES:
1 Total operating revenues including investment earnings 2 Total operating expenses exclusiv e of depreciation
3 Requirements are reported on a cash basis, excluding premiums Details regarding the city's outstanding debt can be found in the notes to the financial statements. Operating expenses do not include interest or depreciation expenses. * Amount restated
STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
260 Annual Comprehensive Financial Report | June 30, 2023 Demographic & Economic Information
Demographic Statistics
Last Ten Calendar Years
Personal Per Ca pita
Calendar Income Personal Unem ployment
Year Population
(1) (in thousands) Income
(2)
Rate
(3)
2013 140 ,879 5 ,607,829$ 39 ,806$ 5.80%
2014 140 ,949 5 ,679,117 40 ,292 7.40%
2015 141 ,023 5 ,738,875 40 ,694 6.00%
2016 143 ,333 5 ,968,550 41 ,641 4.70%
2017 144 ,388 6 ,045,196 41 ,867 3.70%
2018 146 ,312 6 ,251,241 42 ,725 4.00%
2019 144 ,842 6 ,399,297 44 ,181 3.90%
2020 145 ,306 6 ,761,032 46 ,529 10.40%
2021 138 ,310 7 ,130,017 51 ,550 7.30%
2022 136 ,988 7 ,313,150 53 ,385 4.20%
NOTES:
1. California State Department of Finance
2. U.S. Census Bureau, most recent American Community Survey
3. State of California Employment Development Department, Bureau of Labor Statistics Department SOURCES: HdL
, Core n & Cone , Avenue Insi ghts & Anal ytics
CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 261 Demographic & Economic Information
Principal Employers
Current Year and Nine Years Ago
Percent of Percent of
Number of Total Number of Total
Employer Employees Employment Employees Employment
C alifor nia Institute of Tec hnology - Jet
Propulsion Laborator y 6,709 6.35% 5,201 4.90% K aiser Permanente 6,525 6.18% 4,813 4.53% C alifor nia Institute of Tec hnology - C ampus 3 ,8 1 5 3.61% 3,900 3.67% Huntington Memorial Hospital 3,620 3.43% 3,238 3.05% Pa s a de na Ci ty Col l e ge 2,821 2.67% 1,866 1.76% Pa s a dena Unifi ed School Dis tri ct 2,148 * 2.03% 2,043 1.92% The Ci ty of Pa s a dena 2,335 2.21% 2,389 2.25% Art Ce nte r Col l e ge of De s i gn 1,060 1.00% 833 0.78% Hat haway -Sy c amor es 6 0 0 0.57% 665 0.63% P ac ific C linics Administr ation 2 7 2 0.26% 274 0.26% 2023 2014
NOTES:
SOURCE: Pasadena Chamber of Commerce unless noted below:
* Data ta ken from FY2022
1. For City of Pasadena, the number includes seasonal employees. The information was provided by the City of Pasadena Human Resources department
2. In FY2023, the percentage of total employment i s ca l cul ated us ing a bas eli ne of 105,575 jobs i n Pas adena, data provided by Pasadena Chamber of Commerce
3. While ev ery effort has been made to ensure the accuracy of the material included in this schedule, the C ity of P asadena r elies at times on thir d par ty sour c es when c ompiling data. For FY 2023, Ci ty of Pa s adena contacted the top employers and obtained tota l employee count for ea ch bus ines s.
STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
262 Annual Comprehensive Financial Report | June 30, 2023 Full-time and Part-time City Employees by Function
Last Ten Fiscal Years
Function 2014 2015 2016 2017 2018
General government 338.0 365.0 382.0 405.0 394.0 P ublic safet y 540.0 548.0 550.0 563.0 561.0 P ublic wor ks 2 9 3. 0 315.0 317.0 320.0 320.0 Trans porta ti on 51.0 50.0 51.0 51.0 50.0 Hea l th 124.0 125.0 85.0 80.0 84.0 C ultur e and leisur e 2 8 1. 0 94.0 97.0 103.0 107.0 Water & power 355.0 426.0 433.0 443.0 406.0 Informa ti on s ervi ces 140.0 107.0 108.0 108.0 105.0 Sea s onal 267.0 192.0 265.0 262.0 260.0 Total 2 ,389.0 2 ,222.0 2 ,288.0 2 ,335.0 2 ,287.0 Fiscal Year
SOURCE: Bud get Bri ef-FY2023
CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 263 Operating Information
2019 2020 2021 2022 2023
392.5 466.9 387.2 492.2 504.7 556.8 564.8 564.8 564.8 569.8 320.0 319.0 272.0 267.5 267.6
50.0 50.0 51.0 51.0 51.0
89.1 105.6 98.4 130.0 130.1 104.7 106.8 230.2 153.2 155.2 418.0 417.0 419.0 419.0 419.0 103.6 103.6 100.0 77.0 77.0 242.0 41.0 84.0 83.0 161.0 2,276.6 2 ,174.5 2 ,206.5 2 ,237.7 2 ,335.4 Fiscal Year
STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
264 Annual Comprehensive Financial Report | June 30, 2023 Operating Indicators by Function
Last Ten Fiscal Years
Function 2014 2015 2016 2017
Police:
Arres ts 3,852 3,966 4,210 4,078 Transportation:
Pa rki ng ci ta ti ons /wa rni ngs i s s ued** 168,896 185,832 166,481 175,430 Fire:
Number of emergency ca l l s *** 17,368 18,237 19,488 19,458 Ins pecti ons 7,445 7,500 8,296 9,251 Water:
New connections 57 31 35 98 Average daily consumption (thousands of gallons) 28,368 25,436 21,144 22,535
* Information was not available.
***FY2015 initia lly reported as 14, 349; corrected i n FY2016 to 18,237 ** P ar king c itations wer e or iginally r epor ted under P olice Dept. This c ategor y mov ed to Tr anspor taion Depa rtment i n FY2010 because a majori ty of pa rki ng ti ckets a re i s s ued by the Trans porta ti on
CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 265 Operating Information
2018 2019 2020 2021 2022 2023
5,701 6,018 5,444 2,429 3,365 3,407 150,945 129,108 125,715 68,620 97,869 119,038 19,483 19,016 19,223 16,947 18,710 21,383 9,096 8,959 8,253 6,006 2,573 5,994 100 88 65 63 35 81 24,757 23,519 23,083 25,331 24,357 20,989 Fiscal Year
STATISTICAL SECTION CITY OF PASADENA (AMOUNTS EXPRESSED IN THOUSANDS)
266 Annual Comprehensive Financial Report | June 30, 2023 Capital Asset Statistics by Function
Last Ten Fiscal Years
2014 2015 2016 2017
Police:
Stations 1 1 1 1 Substa tions 5 5 5 3 Fire:
Fire stations 7 8 8 8 Transportation:
Streets (miles) 322 322 357 357 Streetl i ghts 17,100 17,207 17,452 17,584 Traffic signals 329 329 329 330 P ar king facilities 1 2 9 9 9 Culture and leisure:
Pa rk s i tes 24 20 20 20 Community/recreation centers 4 4 4 4 Li bra ri es 10 10 10 10 Electric Utility:
Power pl a nts 1 1 1 1 Cus tomers 64,163 64,931 65,039 65,564 M iles of ser v ic e 5 2 5 673 680 680 Maximum ca pa ci ty (megawatts ) 175 174 175 174 Water:
Water mains (miles) 5 0 8 516 520 520 Cus tomers 38,069 37,911 37,974 37,972 Av er age daily c onsumption (million gallons per day ) 2 5 .1 7 26.98 28.37 25.43 Fiscal Year
SOURCE: Ci ty of Pa s a de na
CITY OF PASADENA STATISTICAL SECTION
(AMOUNTS EXPRESSED IN THOUSANDS)
Annual Comprehensive Financial Report | June 30, 2023 267 Operating Information
2018 2019 2020 2021 2022 2023
1 1 1 1 1 1 3 3 2 2 2 2 8 8 8 8 8 8 357 338 338 338 338 347 17,597 17,597 17,708 17,731 17,753 17,738 330 330 330 313 332 352 9 9 9 9 9 8 20 20 23 24 24 26 4 4 4 4 4 4 10 10 10 10 10 10 1 1 1 1 1 1 65,318 65,979 66,505 66,712 67,103 66,349 687 687 662 664 665 671 174 174 174 174 174 175 520 520 520 520 520 520 37,959 38,067 38,046 38,114 38,193 38,338
21.14 22.54 24.76 23.52 23.08 20.05 Fiscal Year
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