Source: City of Richmond Annual Financial Statements
0 5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Tax Increment Revenue Debt Service Payment
289
CITY OF RICHMOND
GENERAL BONDED DEBT
PENSION OBLIGATION BONDS (1)
LAST TEN FISCAL YEARS
Ratio of General Net General
Restricted Net Bonded Debt to Net Bonde d
Fiscal Bonds Cash and Bond s Net Assessed Assessed Value Debt per Year Outstanding Investments (2) Outstanding Value of Property of Property Capit a 2014 157,555,624 8,089,647 149,465, 977 8,230,209,000 1.82% 1,408 2015 156,491,679 8,148,121 148,343, 558 9,943,913,000 1.49% 1,394 2016 155,070,539 8,936,523 146,134, 016 10,745,818,000 1.36% 1,324 2017 153,058,033 9,777,863 143,280, 170 11,290,341,000 1.27% 1,282 2018 150,485,289 9,844,431 140,640, 858 11,514,846,000 1.22% 1,267 2019 147,275,826 10,041,550 137,2 34,276 12,342,193,000 1.11% 1,243 2020 144,339,640 11,315,256 133,0 24,384 12,521,376,000 1.06% 1,196 2021 140,816,305 11,845,153 128,9 71,152 13,196,108,000 0.98% 1,160 2022 136,976,076 12,779,202 124,1 96,874 13,221,634,000 0.94% 1,128 2023 154,140,000 234,805 153,905, 195 13,649,321,000 1.13% 1,344 Note: (1) Includes the 1999 Bonds issued in fiscal year 2000, and the 2005 Bonds issued in fiscal year 2006. (2) Restricted cash is being held with the City's fiscal agent, Union Bank, and is restricted for the payment of the bonds.
Source: City of Richmond Annual Financial Statements
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
$1,100
$1,200
$1,300
$1,400
$1,500
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Series1
290
CITY OF RICHMOND
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
JUNE 30, 2023
2022-2023 Assessed Valuation: $17,831,813,609
Total Debt City's Share of Debt
OVERLAPPING TAX AND ASSESSMENT DEBT: June 30, 2023 % Applicable (1) June 30, 2023 Bay Area Rapid Transit District $2,484,285,000 1.872% $46,505,815 Contra Costa Community College District 649,015,000 7.091% $46,021,654 West Contra Costa Unified School District 1,188,146,381 45.789% $544,040,346 West Contra Costa Healthcare District Parcel Tax Obligations 43,000,000 43.177% $18,566,110 East Bay Regional Park District 175,955,000 2.964% $5,215,306 City of Richmond Community Facilities District No. 1998-1 1,560,000 100% $1,560,000 City of Richmond 1915 Act Bonds 3,995,000 100% $3,995,000 California Statewide Community Development Authority 1915 Act Bonds 1,321,866 100% $1,321,866 TOTAL NET OVERLAPPING TAX AND ASSESSMENT DEBT 667,226,097 DIRECT AND OVERLAPPING GENERAL FUND DEBT:
Contra Costa County General Fund Obligations $193,515,000 7.068% 13,677,640 Alameda-Contra Costa Transit District Certificates of Participation 11,220,000 5.544% 622,037 West Contra Costa Unified School District Certificates of Participation 4,850,000 45.789% 2,220,767 Cit
y of Richmond General Fund Obligations 85,835,000 100 % 85,835,000 City of Richmond Pension Obligations Bonds 154,140,000 100 % 154,140,000 TOTAL DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT 256,495,444 Less: Contra Costa County general fund obligations supported by revenue funds 3,599,687 City of Richmond obligations supported by port revenues 4,060,000 TOTAL NET DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT 248,835,757 OVERLAPPING TAX INCREMENT DEBT (Successor Agency) $38,270,923 100% 38,270,923 TOTAL GROSS DIRECT DEBT $239,975,000
TOTAL NET DIRECT DEBT $235,915,000
TOTAL GROSS OVERLAPPING DEBT $722,017,464
TOTAL NET OVERLAPPING DEBT $718,417,777
GROSS COMBINED TOTAL DEBT $961,992,464 (2)
NET COMBINED TOTAL DEBT $954,332,777
(1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value. (2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.
Ratios to 2022-23 Assessed Valuation:
Total Overlapping Tax and Assessment Debt 3.74%
Ratios to Adjusted Assessed Valuation:
Gross Total Direct Debt ($163,777,525) 1.35%
Net Total Direct Debt ($151,347,525) 1.32%
Gross Combined Total Debt 5.39%
Net Combined Total Debt 5.35%
Ratios to Redevelopment Successor Agency Incremental Valuation ($4,093,193,500):
Total Overlapping Tax Increment Debt 0.93%
____________________________
Source: California Municipal Statistics, Inc.
291
CITY OF RICHMOND
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN CALENDAR YEARS
Total Per Capita Contra Costa City
Calendar City Personal Personal Unemployment County Population Year Population Income Income Rate (%) Population % of County 2013 106,138 2,718,619,000 25,614 10.1% 1,094,205 9.70% 2014 106,388 2,707,894,000 24,453 7.1% 1,089,291 9.77%
2015 110,378 2,743,560,000 24,856 5.8% 1,126,745 9.80%
2016 111,785 2,797,360,000 25,024 5.1% 1,135,127 9.85%
2017 110,967 2,920,370,000 26,317 4.6% 1,147,439 9.67%
2018 110,436 3,027,471,000 27,413 3.6% 1,150,215 9.60%
2019 111,217 3,240,034,000 29,132 3.5% 1,153,526 9.64%
2020 110,130 3,416,146,000 31,019 11.2% 1,165,927 9.45% 2021 114,489 3,541,074,000 30,929 8.0% 1,161,413 9.86%
2022 113,518 4,107,076,000 36,180 4.1% 1,156,966 9.81%
Source: HdL, Coren & Cone
0.00%
2.50%
5.00%
7.50%
10.00%
12.50%
15.00%
17.50%
20.00%
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Series1
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%
11.00%
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Series1
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Series1
$0
$10,000
$20,000
$30,000
$40,000
$50,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Per Capita Personal Income
292
CITY OF RICHMOND
Principal Employers
Current Year and Nine Years Ago
2022-2023 2013-2014
Percentage Percentage
Number of of Total City Number of of Total City
Employer Employees Rank Employment Employees Rank Employment Chevron Refinery 3,157 1 2.9% 2,317 1 2.2%
Social Security Administration 1,759 2 1.6% 1,259 3 1.2% West Contra Costa Unified School District 1,545 3 1.4% 1,580 2 1.5% Kaiser Foundation Hospitals 1,442 4 1.3% 506 8 0.5%
United Parcel Service 1,332 5 1.2%
Amazon.com Services 1,121 6 1.0%
The Permanente Medical Group 1,051 7 1.0% 686 7 0.6%
City of Richmond 901 8 0.8% 803 6 0.8%
U.S. Postal Service 489 9 0.5% 1,047 4 1.0%
Contra Costa County 472 10 0.4% 844 5 0.8%
Bio-RAD Laboratories 473 9 0.4%
Michael Stead Auto Depot & Sales 472 10 0.4%
Subtotal 13,269 12.2% 9,987 9.4%
Total City Day Populatio
n 108,416 106,138
Source: City of Richmond
293
CITY OF RICHMOND
Full-Time Equivalent City Government Employees by Function Last Ten Fiscal Years
Adopted for Fiscal Year Ended June 30
2013 2014 2015 201 6 2017 201 8 2019 2020 202 1 2022 2023 (re-stated)
Function
General government 102.9 104.4 105. 2 99.8 105.4 116.5 114.7 124.7 113.1 120.1 129.0 Public safety 388.0 398.0 390.0 3 75.5 349.0 341.0 340.0 342.0 309.0 303.0 304.0 Public works 113.0 116.0 109.0 112.0 14 4.0 143.0 148.0 145.0 171.5 191.4 165.2 Community development 66.0 64.0 5 6.0 59.5 41.0 40.0 41.0 42.0 7.0 5.0 41.0 Cultural and recreational 73.2 76.8 66.0 59.0 57.0 59.1 61.7 61.7 58.1 60.7 61.7 Housing and redevelopment 13.0 12.0 10.0 5.9 3.8 3.8 3.8 3.8 2.8 2.0 0.0 Richmond Housing Authority
and RHA Properties 25.0 29.0 2 5.0 23.0 19.0 19.0 20.0 5.3 4.0 7.0 7.0 Port of Richmond 6.0 6.0 6.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 3.0 Richmond Marina (1) (1) (1) (1) (1) (1) (1) (1) (1) (1) (1) Municipal Sewer (1) (1) (1) (1) (1) (1) (1) (1) (1) (1) (1) Storm Sewer (1) (1) (1) (1) (1) (1) (1) (1) (1) (1) (1) Cable TV (3) (3) (3) (3) (3) (3) (3) (3) (3) (3) (3)
Convention Center (3) (3) (3) (3) (3) (3) (3) (3) (3) (3) (3) Total 787.1 806.2 767.2 738.7 723.2 726.4 733.2 728.5 669.5 693.2 710.9 Source: City of Richmond Budget
Notes:
(1) These services are provided by outside contractors. (2) Convention Center closed during renovation and staff moved under cultural and recreational. (3) Staff that perform these functions are included under General Government and Cultural and Recreational. (100)
0 100
200
300
400
500
600
700
800
900
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
General government Public safety Public works Community development Cultural and recreational Housing and redevelopment Richmond Housing Authority Port of Richmond Richmond Marina Municipal Sewer Storm Sewer Cable TV Convention Center 294
CITY OF RICHMOND
Operating Indicators by Function/Program
Last Ten Fiscal Years
2014 2015 2016 2017 201 8 2019 2020 202 1 2022 2023
Function/Program
Public safety:
Fire:
Fire calls for service 12,988 13,670 14,497 14,372 14,375 13,900 14,318 18,150 18,210 14,020 Primary fire inspections conducted 3,00 0 1,569 1,134 1,160 5,378 3,929 2,919 3,320 1,510 1,082 Number of firefighters 85 94 91 90 91 90 89 89 89 91
Number of firefighters and civilians
per thousand population 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 Police:
Number of police officers
per thousand population 1.7 1.8 1.7 1.6 1.6 1.6 1.6 1.3 1.3 1.3 Number of sworn officers 186 196 185 182 178 178 178 157 145 146 Water
Daily average consumption
in gallons per family 250 250 250 250 250 250 160 194 145 140 Source
: City of Richmond
295
2014 2015 2016 2017 2018 2019 2020 20 21 2022 2023
Function/Program
Public safety:
F i r e s t a t i o n s 7777777 7 7 7
P o l i c e s t a t i o n s 4444444 4 4 1
L i b r a r y ( # ) o f L o c a t i o n s 333333 3 3 3 3 Public works
Miles of streets 280 280 280 280 280 280 290 280 289 280 Street lights 6,543 8,343 8,543 9,000 9,000 9,000 7,801 9,000 9,000 9,000 Urban Forest (trees) (a) 21,609 22,009 35,620 35,782 36,231 36,499 36,766 36,700 38,000 37,000 Culture and recreation:
Community services:
C i t y p a r k s 5 55 55 55 55 55 5 5 5 5 5 5 6 5 5
City parks acreage 336.6 336.6 336.6 336.6 336.6 336.6 336.6 336.6 340.0 336.6 Open Space & Public Landscapes acreage 510. 0 510.0 510.0 510.0 510.0 510.0 510.0 510.0 510.0 510.0 Lawn bowling 1 1 1 1 1 1 1 1 0 0
Recreation centers 8 8 8 8 8 8 8 8 8 8
Auditorium/Theater 1 1 1 1 1 1 1 1 1 1
Gymnasiums 3 3 3 3 3 3 3 3 2 3
S e n i o r c e n t e r s 222222 2 2 2 2
Headstart centers/day cares 6 6 6 6 6 6 6 6 6 6
Putting green 1 1 1 1 1 1 1 1 0 0
Basketball courts 28 28 28 28 28 28 28 28 28 28
Swimming pools 2 2 2 2 2 2 2 2 2 2
Tennis courts 20 20 20 20 20 20 20 20 20 20
Baseball/softball diamonds 26 26 26 26 26 26 26 26 26 26 Soccer/football fields 17 17 17 17 17 17 17 17 17 17
Cricket fields 2 2 2 2 2 2 2 2 0 0
Water
Fire hydrants 3,153 3,153 3,153 3,153 3,153 3,153 3,153 3,153 2,163 2,787 Wastewater
Miles of sanitary sewers 183 183 183 183 183 230 189 194 194 194 Miles of storm sewers 310 310 310 310 310 310 198 310 173 310 Land Area (square miles) 33.7 33.7 33.7 33.7 33.7 33.7 33.7 33.7 33.7 33.7 Miles of waterfront 32 32 32 32 32 32 32 32 32 32
Source
: City of Richmond
(a) Trees managed by the City for 2013 to present.
Data Prior to 2013 includes trees managed by other entities, such as East Bay Regional Park District, National Parks and Privately owned.
CITY OF RICHMOND
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
296