INTERNAL SERVICE FUNDS
Internal Service Funds are used to finance and account for special activities and services performed by a designated department for other departments in the City on a cost reimbursement basis.
The concept of ma jor funds introduced b y GASB Statement No. 34 does not extend to internal service funds because they do not do business with outside parties. GASB Statement No. 34 requires that for the Statement of Activities, the net revenues or expenses of each internal service fund be eliminated by netting them against the operations of the other City departments which generated them. The remaining balance sheet items are consolidated with these same funds in the Statement of Net Position.
However, internal service funds are still presented separatel y in the Fund Financial Statements, includin g the funds below.
Insurance
Reserves Fun d is used to report activities related to emplo yees' claims due to industrial in juries and activities related to general claims against the City for damages incurred.
Equipment Services and Replacement Fund is used to report activities related to maintenance and replacement of Cit y vehicles.
Compensate
d Absences Fun d is used to account for sick, vacation and compensator y time leave pa youts related to employee retirements.
237
City of Richmond
Combining Statement of Net Position
Internal Service Funds
For the year ended June 30, 2025
Equipment Total
Insurance Services and Com pensated Internal Service
Reserves Re placement Absences Funds
ASSETS
Current assets:
Cash and investments 63,952,298$ 10,763,676$ 2,880,392$ 77,596,366$ Receivables:
Interest 132,923 - 6,042 138,965 Grants 923,341 - - 923,341 Prepaids 99,855 - - 99,855 Total current assets 65,108,417 10,763,676 2,886,434 78,758,527 Noncurrent assets:
Capital assets:
Nondepreciable - 5,320,774 - 5,320,774 Depreciable - 36,729,775 - 36,729,775 Less accumulated depreciation - (25,228,803) - (25,228,803) Net capital assets - 16,821,746 - 16,821,746 Total noncurrent assets - 16,821,746 - 16,821,746 Total assets 65,108,417 27,585,422 2,886,434 95,580,273
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows of resources - pension 158,097 - - 158,097 Deferred outflows of resources - OPEB 174 - - 174 Total deferred outflows of resources 158,271 - - 158,271
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities 194,133 654,056 - 848,189 Interest payable - 4,490 - 4,490 Compensated absences - current 9,011 - - 9,011 Claims payable - current 15,600,347 - - 15,600,347 Long-term debt - current - 294,381 - 294,381 Total current liabilities 15,803,491 952,927 - 16,756,418 Noncurrent liabilities:
Compensated absences 21,690 - - 21,690 Claims payable 42,504,295 - - 42,504,295 Long-term debt - 624,265 - 624,265 Net pension liability 741,655 - - 741,655 Net OPEB liability 286,891 - - 286,891 Total noncurrent liabilities 43,554,531 624,265 - 44,178,796 Total liabilities 59,358,022 1,577,192 - 60,935,214
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources - OPEB 35,735 - - 35,735 Total deferred inflows of resources 35,735 - - 35,735
NET POSITION (DEFICIT)
Net investment in capital assets - 15,903,100 - 15,903,100 Unrestricted 5,872,931 10,105,130 2,886,434 18,864,495 Total net position 5,872,931$ 26,008,230 $ 2,886,434 $ 34,767,595 $ 238
City of Richmond
Combining Statement of Revenues, Expenses and Changes in Fund Net Position Internal Service Funds
For the year ended June 30, 2025
Equipment Total
Insurance Services and Compensated Internal Service
Reserves Replacement Absences Funds
OPERATING REVENUES:
Service charges - internal 28,366,243$ 9,701,518$ 3,000,000$ 41,067,761$ Other 10,946 69,662 - 80,608 Total operating revenues 28,377,189 9,771,180 3,000,000 41,148,369 OPERATING EXPENSES:
Salaries and benefits 330,183 - 2,322,843 2,653,026 General and administrative 1,579,033 - - 1,579,033 Maintenance - 156,890 - 156,890 Depreciation - 2,432,250 - 2,432,250 Claims losses 24,519,469 - - 24,519,469 Other 450 28,952 - 29,402 Total operating expenses 26,429,135 2,618,092 2,322,843 31,370,070 OPERATING INCOME (LOSS) 1,948,054 7,153,088 677,157 9,778,299 NONOPERATING REVENUES (EXPENSES):
Interest income 2,546,279 - 113,415 2,659,694 Interest expense - (41,488) - (41,488) Total nonoperating revenues (expenses) 2,546,279 (41,488) 113,415 2,618,206 Income (loss) before
contributions and transfers 4,494,333 7,111,600 790,572 12,396,505 CONTRIBUTIONS AND TRANSFERS:
Transfers i
n - 426,019 - 426,019 Transfers out (4,100,000) (40,281) - (4,140,281) Total contributions and transfers (4,100,000) 385,738 - (3,714,262) Change in net position 394,333 7,497,338 790,572 8,682,243 NET POSITION:
Be
ginning of year 5,481,374 18,510,892 2,095,862 26,088,128 Prior period adjustments (2,776) - - (2,776) Beginning of year, as restated 5,478,598 18,510,892 2,095,862 26,085,352 End of year 5,872,931$ 26,008,230$ 2,886,434$ 34,767,595$ 239
City of Richmond
Combining Statement of Cash Flows
Internal Service Funds
For the year ended June 30, 2025
Equipment Total
Insurance Services and Com pensated Internal Service
Reserves Re placement Absences Funds
CASH FLOWS FROM OPERATING ACTIVITIES:
Receipts from interfund services 28,377,189$ 9,771,180$ 3,000,000$ 41,148,369$ Payments to suppliers (2,711,635) (27,313) - (2,738,948) Payments to employees (575,091) - (2,322,843) (2,897,934) Insurance premiums and claims paid (18,586,391) - - (18,586,391) Net cash provided by (used in) operating activities 6,504,072 9,743,867 677,157 16,925,096
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:
Transfers in - 426,019 - 426,019 Transfers out (4,100,000) (40,281) - (4,140,281) Net cash provided by (used in)
noncapital financing activities (4,100,000) 385,738 - (3,714,262)
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:
Acquisition of capital assets - (2,756,644) - (2,756,644) Principal payments on capital debt - (283,146) - (283,146) Interest paid - (42,872) - (42,872) Net cash provided by (used in)
capital and related financing activities - (3,082,662) - (3,082,662) CASH FLOWS FROM INVESTING ACTIVITIES:
Interest 2,509,869 - 110,588 2,620,457 Net cash provided by (used in) investing activities 2,509,869 - 110,588 2,620,457 Net cash flows 4,913,941 7,046,943 787,745 12,748,629 CASH AND INVESTMENTS - Beginning of year 59,038,357 3,716,733 2,092,647 64,847,737 CASH AND INVESTMENTS - End of year 63,952,298$ 10,763,676 $ 2,880,392 $ 77,596,366 $ - - - -
RECONCILIATION OF OPERATING INCOME (LOSS) TO NET
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:
Operating income (loss) 1,948,054$ 7,153,088 $ 677,157 $ 9,778,299 $ Adjustments to reconcile operating income (loss) to
net cash provided by (used in) operating activities:
Depreciation expense - 2,432,250 - 2,432,250 Changes in assets and liabilities:
Prepaids and other assets 119,825 - - 119,825 Accounts payable and accrued liabilities (1,251,977) 158,529 - (1,093,448) Compensated absences payable 14,899 - - 14,899 Claims payable 5,933,078 - - 5,933,078 Net pension liability and deferred outflows/inflows (203,623) - - (203,623) Net OPEB liability and deferred outflows/inflows (56,184) - - (56,184) Net cash provided by (used in) operating activities 6,504,072$ 9,743,867 $ 677,157 $ 16,925,096$ 240
TRUST FUNDS
Private-Purpose Trust Funds
Pt. Molate Fund is used to account for assets held by the City as an agent for the U.S. Navy and a private developer for the cleanup of Point Molate.
Successor Agency to the Richmond Community Redevelopment Agency Fund accounts for the activities of the Successor Agency to the former Redevelopment Agency.
241
City of Richmond
Combining Statement of Fiduciary Net Position
Private Purpose Trust Funds
June 30, 2025
Successor
Agency to the
Richmond Community
Pt. Molate Redevelopment Agency Total
ASSETS
Cash and investments - $ 13,934,247$ 13,934,247 $ Restricted cash and investments 311,477 15,279,694 15,591,171 Interest receivable 1,033 1,349 2,382 Prepaids and other assets - 4,740,753 4,740,753 Total assets 312,510 33,956,043 34,268,553
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows of resources - deferred loss on refunding - 256,237 256,237 Total deferred outflows of resources - 256,237 256,237
LIABILITIES
Accounts payable and accrued liabilities - 33,675 33,675 Interest payable - 347,828 347,828 Long-term debt:
Due within one year - 8,130,000 8,130,000 Due in more than one year - 24,659,010 24,659,010 Total liabilities - 33,170,513 33,170,513 NET POSITION:
Held in trust for other governments 312,510 1,041,767 1,354,277 Total net position 312,510$ 1,041,767 $ 1,354,277 $ 242
City of Richmond
Combining Statement of Changes in Fiduciary Net Position Private Purpose Trust Funds
For the year ended June 30, 2025
Successor
Agency to the
Richmond Community
Pt. Molate Redevelopment Agency Total
ADDITIONS:
Property taxes -$ 11,757,814$ 11,757,814$ Contributions from the City - 16,730 16,730 Net investment income:
Interest income 20,304 825,751 846,055 Gain from sale of property - 486,461 486,461 Total additions 20,304 13,086,756 13,107,060 DEDUCTIONS:
Community development - 1,328,399 1,328,399 Payments in accordance with trust agreements 270,415 - 270,415 Interest and fiscal charges - 1,298,107 1,298,107 Total deductions 270,415 2,626,506 2,896,921 Change in net position (250,111) 10,460,250 10,210,139 NET POSITION:
Beginning of year 562,621 (9,418,483) (8,855,862) End of year 312,510$ 1,041,767$ 1,354,277$ 243
City of Richmond
Subcombining Statement of Fiduciary Net Position
Successor Agency to the Richmond Community Redevelopment Agency June 30, 2025
Redevelopment
Property Tax Capital Bond
Trust Fund Administration Projects Payments
ASSETS
Cash and investments 7,731,888$ 1,940$ 6,200,419$ -$ Restricted cash and investments - - 3,304,287 11,975,407 Interest receivable - - 1,349 - Prepaids and other assets - - 4,740,753 - Total assets 7,731,888 1,940 14,246,808 11,975,407
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows of resources - deferred loss on refunding - - - 256,237 Total deferred outflows of resources - - - 256,237
LIABILITIES
Accounts payable and accrued liabilities - 1,940 31,735 - Interest payable - - - 347,828 Long-term debt:
Due within one year - - - 8,130,000 Due in more than one year - - - 24,659,010 Total liabilities - 1,940 31,735 33,136,838 NET POSITION:
Held in trust for successor agency 7,731,888 - 14,215,073 (20,905,194) Total net position 7,731,888$ -$ 14,215,073$ (20,905,194)$ 244
Intrafund
Eliminations Total
-$ 13,934,247$
- 15,279,694
- 1,349
- 4,740,753
- 33,956,043
- 256,237
- 256,237
- 33,675
- 347,828
- 8,130,000
- 24,659,010
- 33,170,513
- 1,041,767
-$ 1,041,767$
245
City of Richmond
Subcombining Statement of Changes in Fiduciary Net Position Successor Agency to the Richmond Community Redevelopment Agency For the year ended June 30, 2025
Redevelopment
Property Tax Capital Bond
Trust Fund Administration Projects Payments
ADDITIONS:
Property taxes 11,757,814$ -$ -$ -$ Contributions from the local agency - - 16,730 - Interest income - - 402,603 423,148 Transfers from other funds - 256,022 30,516 8,060,082 Gain from sale of property - - 486,461 - Total additions 11,757,814 256,022 936,310 8,483,230 DEDUCTIONS:
Community development - 256,022 518,430 553,947 Interest and fiscal charges - - - 1,298,107 Transfers to other funds 8,281,302 - 23,068 42,250 Total deductions 8,281,302 256,022 541,498 1,894,304 Change in net position 3,476,512 - 394,812 6,588,926 NET POSITION:
Beginning of year 4,255,376 - 13,820,261 (27,494,120) End of year 7,731,888$ -$ 14,215,073$ (20,905,194)$ 246
Intrafund
Eliminations Total
-$ 11,757,814$
- 16,730
- 825,751
(8,346,620) -
- 486,461
(8,346,620) 13,086,756
- 1,328,399
- 1,298,107
(8,346,620) -
(8,346,620) 2,626,506
- 10,460,250
- (9,418,483)
-$ 1,041,767$
247
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248
CUSTODIAL FUNDS
Custodial Funds
Special Assessment Fund accounts for the monies collected and disbursed for land-based debt, where the City is not obligated for the debt.
General Agency Fund accounts for the assets held by the City as an agent for individuals, private organizations, and other governments.
Johnson Library Fund accounts for nonexpendable funds to be used to provide funding for special library projects.
Senior Center Fund accounts for assets held by the City in an agent capacity for programs benefiting the senior citizens residing within the City.
JPFA Reassessment Fund receives secured tax payments (from assessment rolls), and makes payments on the JPFA Revenue Reassessment Bonds; Series 2011A.
2016 A&B Reassessment District Fund receives payments of principal and interest on prior assessment bonds, and makes payment on the JPFA Reassessment Revenue Bonds Series A and B. 249
City of Richmond
Combining Statement of Fiduciary Net Position
Custodial Funds
For the year ended June 30, 2025
Special General Johnson
Assessment Agency Library
ASSETS
Cash and investments 920,335$ 2,192,855$ 12,051$ Restricted cash and investments 363,370 18,847 - Interest receivable 1,853 4,619 25 Total assets 1,285,558 2,216,321 12,076
LIABILITIES
Accounts payable and accrued liabilities - - - Total liabilities - - -
NET POSITION
Restricted for:
Individuals, organizations, and
other governments 1,285,558 2,216,321 12,076 Total net position 1,285,558$ 2,216,321$ 12,076$ 250
2016 A&B Total
Senior JPFA Reassessment Custodial
Center Reassessment District Funds
110,669$ 2,065,995$ 880,432$ 6,182,337$ - - 636,739 1,018,956 238 4,339 1,635 12,709 110,907 2,070,334 1,518,806 7,214,002 2,632 - - 2,632 2,632 - - 2,632 108,275 2,070,334 1,518,806 7,211,370 108,275$ 2,070,334$ 1,518,806$ 7,211,370$ 251
City of Richmond
Combining Statement of Changes in Fiduciary Net Position Custodial Funds
For the year ended June 30, 2025
Special General Johnson
Assessment Agency Library
ADDITIONS:
Property taxes 285,713$ -$ -$ Contributions - 185,945 - Net investment income:
Interest income 51,580 87,327 522 Total additions 337,293 273,272 522 DEDUCTIONS:
Interest and fiscal charges 320,481 - - Other - 79,132 - Total deductions 320,481 79,132 - Change in net position 16,812 194,140 522 NET POSITION:
Beginning of year 1,268,746 2,022,181 11,554 End of year 1,285,558$ 2,216,321$ 12,076$ 252
2016 A&B Total
Senior JPFA Reassessment Custodial
Center Reassessment District Funds
-$ -$ 769,190$ 1,054,903$ 48,383 - - 234,328 4,556 89,521 47,034 280,540 52,939 89,521 816,224 1,569,771 - - 562,437 882,918 33,126 - - 112,258 33,126 - 562,437 995,176 19,813 89,521 253,787 574,595 88,462 1,980,813 1,265,019 6,636,775 108,275$ 2,070,334$ 1,518,806$ 7,211,370$ 253
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254
STATISTICAL
SECTION (UNAUDITED)
255
Financial Trends
1. Net Position by Component
2. Changes in Net Position
3. Fund Balances of Governmental Funds
4. Changes in Fund Balance of Governmental Funds
Revenue Capacity
1. Assessed and Estimated Actual Value of Taxable Property
2. Property Tax Rates, All Overlapping Governments
3. Principal Property Tax Payers
4. Property Tax Levies and Collections
5. Utility Users Tax Collections
6. Utility Users Tax Direct Rates
7. Top Ten Utility Users Taxpayers
Debt Capacity
1. Ratio of Outstanding Debt by Type
2. Computation of Legal Bonded Debt Margin
3. Revenue Bond Coverage - 1999, 2006, 2008, 2010A, 2010B, 2017A, 2019A, and 2019B Wastewater Revenue Bonds
4. Revenue Bond Coverage - 1996, 1999, 2004, 2007, and 2009 Port Terminal Lease Revenue Bonds, Note and Point Potrero Lease Revenue Bonds.
5. Bonded Debt Pledged Revenue Coverage - Tax Allocation Bonds Refunding Bonds
6. General Bonded Debt - Pension Obligation Bonds
7. Computation of Direct and Overlapping Debt
Demographic and Economic Information
1. Demographic and Economic Statistics
2. Principal Employers
property tax:
These schedules offer demographic and economic indicators to help the reader understand the environment wellbeing have changed over time:
CITY OF RICHMOND
JUNE 30, 202
STATISTICAL SECTION
understanding what the information in the financial statements, note disclosures, and required supplementary n contrast to the financial section, the statistical section information is not subject to independent audit.
256
Operating Information
1. Full-Time Equivalent City Government Employees by Function
2. Operating Indicators by Function/Program
3. Capital Asset Statistics by Function/Program
financial report relates to the services the City provides and the activities it performs:
Sources
Unless otherwise noted, the information in these schedules is derived from the Annual Financial Reports for the relevant year.
CITY OF RICHMOND
JUNE 30, 202
257
2016 2017 2018 (i) 2019
Governmental activities
Net investment in capital assets $228,292,389 $233,619,046 $221,336,363 $211,717,676 Restricted 70,322,707 76,810,440 87,380,363 93,157,922
Unrestricted (508,981,299) (504,602,583) (625,067,289) (644,341,826) Total governmental activities net position ($210,366,203) ($194,173,097) ($316,350,563) ($339,466,228) Business-type activities
Net investment in capital assets $63,405,228 $71,000,240 $68,213,687 $52,161,380 Restricted 9,008,038 9,441,288 9,514,522 9,440,965
Unrestricted (23,382,659) (24,096,174) (27,908,968) (8,644,683) Total business-type activities net position $49,030,607 $56,345,354 $49,819,241 $52,957,662 Primary government
Net investment in capital assets $291,697,617 $304,619,286 $289,550,050 $263,879,056 Restricted 79,330,745 86,251,728 96,894,885 102,598,887 Unrestricted (532,363,958) (528,698,757) (652,976,257) (652,986,509) Total primary government net position ($161,335,596) ($137,827,743) ($266,531,322) ($286,508,566) Notes:
(i) The City implemented the provisions of GASB Statement No. 75 in fiscal year 2018. Fiscal year 2018 balance have been restated. (ii) The City implemented the provisions of GASB Statement No. 101 in fiscal year 2024. Fiscal year 2024 balance have been restated. (ACCRUAL BASIS OF ACCOUNTING)
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
NET POSITION BY COMPONENT
CITY OF RICHMOND
($800)
($600)
($400)
($200)
$0
$200
$400
$600
2016 2017 2018
(i)
2019 2020 2021 2022 2023 2024
(ii)
2025
Total Net Position by Component (In Million)
Fiscal year
Net investment in capital assets Restricted Unrestricted 258
2020 2021 2022 2023 2024 (ii) 2025
$205,374,054 $206,419,763 $213,930,154 $219,126,138 $233,105,461 $229,834,689 93,703,974 103,401,613 117,136,516 139,687,095 170,209,560 187,303,028 (597,270,745) (568,565,683) (491,415,035) (422,860,978) (421,927,768) (371,290,157) ($298,192,717) ($258,744,307) ($160,348,365) ($64,047,745) ($18,612,747) $45,847,560 $64,270,898 $75,738,268 $75,469,292 $82,405,234 $101,268,931 $101,488,204 1,517,087 13,859,999 607,958 879,457 (1,212,552) 3,068,545 (1,045,003) (1,417,443) 37,774,604 50,575,898 50,630,040 64,836,936 $64,742,982 $88,180,824 $113,851,854 $133,860,589 $150,686,419 $169,393,685 $269,644,952 $282,158,031 $289,399,446 $301,531,372 $334,374,392 $331,322,893 95,221,061 117,261,612 117,744,474 140,566,552 168,997,008 190,371,573 (598,315,748) (569,983,126) (453,640,431) (372,285,080) (371,297,728) (306,453,221) ($233,449,735) ($170,563,483) ($46,496,511) $69,812,844 $132,073,672 $215,241,245 259
2016 2017 2018 (i) 2019
Expenses
Governmental Activities:
General Government $32,197,941 $34,851,005 $45,715,329 $45,626,305 Public Safety 107,380,286 104,919,259 114,932,219 116,621,006 Public Works 44,410,102 41,558,084 48,617,290 49,893,124 Community Development 5,003,045 3,290,142 4,589,328 5,791,630 Cultural and Recreational 11,021,226 10,996,526 14,280,985 15,074,312 Housing and Redevelopment 2,051,898 7,449,423 3,442,239 2,676,897 Interest and Fiscal Charges 18,902,831 16,387,887 16,127,479 15,380,005 Total Governmental Activities Expenses 220,967,329 219,452,326 247,704,869 251,063,279 Business-Type Activities:
Richmond Housing Authority 26,385,133 26,241,916 30,978,813 36,766,319 Port of Richmond 11,132,997 10,102,104 10,257,553 8,811,486 Richmond Marina 237,129 230,621 327,442 273,929
Municipal Sewer 16,446,626 17,720,735 21,696,370 19,259,997 Storm Sewer 2,465,929 2,320,723 1,661,808 1,643,453
Cable TV 2,114,436 1,028,185 1,697,155 973,747
Total Business-Type Activities Expenses 58,782,250 57,644,284 66,619,141 67,728,931 Total Primary Government Expenses $279,749,579 $277,096,610 $314,324,010 $318,792,210 Program Revenues
Governmental Activities:
Charges for Services:
General Government $12,468,525 $15,543,381 $16,838,782 $15,310,347 Public Safety 7,271,472 8,932,212 8,147,458 7,124,227
Public Works 3,936,242 4,796,586 6,529,172 5,118,216
Community Development 1,069,767 615,388 1,748,222 1,603,581 Cultural and Recreational 1,128,267 1,252,192 1,545,399 2,200,702 Housing and Redevelopment 42,040 0 1,878,958 2,189,703
Operating Grants and Contributions 20,994,534 16,083,370 20,556,989 20,514,833 Capital Grants and Contributions 17,534,992 14,008,833 10,471,376 5,778,572 Total Government Activities Program Revenues $64,445,839 $61,231,962 $67,716,356 $59,840,181 Business-Type Activities:
Charges for Services:
Richmond Housing Authority 1,851,337 3,067,020 1,740,399 3,329,072 Port of Richmond 10,581,419 10,182,777 10,580,246 10,629,229 Municipal Sewer 19,757,863 20,767,925 22,447,439 24,476,967 Richmond Marina 517,108 540,567 537,438 602,591
Storm Sewe
r 1,966,537 1,992,758 2,068,110 1,942,171
Cable TV 1,320,486 1,339,104 1,281,952 1,240,754
Operating Grants and Contributions 21,951,328 22,636,922 26,098,804 28,666,300 Capital Grants and Contributions 2,155,686 969,910 1,155,536 2,170,137 Total Business-Type Activities Program Revenue 60,101,764 61,496,983 65,909,924 73,057,221 Total Primary Government Program Revenues $124,547,603 $122,728,945 $133,626,280 $132,897,402 Net (Expense)/Revenue
Governmental Activities ($156,521,490) ($158,220,364) ($179,988,513) ($191,223,098) Business-Type Activities 1,319,514 3,852,699 (709,217) 5,328,290 Total Primary Government Net Expense ($155,201,976) ($154,367,665) ($180,697,730) ($185,894,808) General Revenues and Other Changes in Net Position
Governmental Activities:
Taxes:
Property Taxes:
Current Collections $51,302,638 $56,588,547 $59,441,796 $60,592,022 Sales Taxes 40,877,125 41,620,189 44,474,973 47,659,481 Utility User Taxes 43,365,249 44,966,489 46,079,755 45,905,937 Documentary Transfer Taxes 6,187,096 7,452,985 6,486,347 8,011,672 Other Taxes 5,734,802 5,329,465 6,144,968 6,227,213
Unrestricted Intergovernmental 43,312 49,448 58,842 4,705,047 Use of Money and Property 1,198,266 12,230,256 7,000,785 (6,825,744) Gain From Sale of Capital Assets 262,667 64,651 39,226 71,779 Miscellaneous 4,258,061 5,138,724 4,195,794 1,980,973
Pension Stabilization Revenue 915,860 885,938 0 0
Developer Revenue Sharing 0000
Transfers 600,000 86,778 86,778 (220,947)
Special/Extraordinary Items:
Swap Termination (16,321,171) 0 0 0
Transfer of Loans to Housing Successor 0 0 1,208,259 0
Assets Transferred To/Liabilities Assumed By 14,968,712 0 0 0 Housing Successor/Successor Agency
Total Government Activities $153,392,617 $174,413,470 $175,217,523 $168,107,433 Business-Type Activities:
Taxes:
Property Taxes
Use of Money and Property (3,076,857) 3,548,826 3,431,293 (1,015,459) Special Item (14,510,000) 0 0 0
Transfers (600,000) (86,778) (86,778) 220,947
Total Business-Type Activities (18,186,857) 3,462,048 3,344,515 (794,512) Total Primary Government $135,205,760 $177,875,518 $178,562,038 $167,312,921 Change in Net Position
Governmental Activities ($3,128,873) $16,193,106 ($4,770,990) ($23,115,665) Business-Type Activities (16,867,343) 7,314,747 2,635,298 4,533,778 Total Primary Government ($19,996,216) $23,507,853 ($2,135,692) ($18,581,887) Notes:
(i) The City implemented the provisions of GASB Statement No. 75 in fiscal year 2018. Years prior to 2018 have not been restated. (ACCRUAL BASIS OF ACCOUNTING)
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
CHANGES IN NET POSITION
CITY OF RICHMOND
260
2020 2021 2022 2023 2024 2025
(re-stated)
$43,495,871 $46,917,122 $48,312,143 $60,377,362 $70,311,954 $76,626,870 108,947,688 94,378,715 68,259,779 76,926,512 114,081,723 117,951,733 45,051,479 33,979,639 35,554,874 36,475,877 51,215,494 53,058,696 4,115,214 4,534,280 3,552,363 4,515,446 6,710,315 11,825,501 10,409,881 9,006,470 9,969,799 9,263,762 12,963,405 13,619,035 2,807,611 3,007,152 3,375,875 3,234,605 3,441,920 4,430,584 14,896,558 12,825,356 12,322,289 4,841,105 19,980,774 13,012,295 229,724,302 204,648,734 181,347,122 195,634,669 278,705,585 290,524,714 5,834,686 3,607,603 (1,750,799) 4,986,560 4,444,837 2,769,346 7,744,773 6,263,232 4,763,557 5,500,092 6,438,177 5,820,213 21,767,690 20,466,640 246,064 217,343 213,335 287,596
241,445 227,391 18,140,943 20,762,028 24,835,079 28,139,510 1,965,353 1,796,422 1,282,576 1,803,217 2,751,735 2,399,162 671,790 788,957 664,656 735,080 898,308 1,186,703
38,225,737 33,150,245 23,346,997 34,004,320 39,581,471 40,602,530 $267,950,039 $237,798,979 $204,694,119 $229,638,989 $318,287,056 $331,127,244 $13,211,033 $13,777,010 $18,422,370 $26,604,156 $25,343,470 $25,586,659 6,631,900 3,674,412 3,448,026 2,820,319 2,040,106 3,124,973 7,792,157 7,198,221 4,405,851 4,897,532 4,702,336 5,791,738 827,055 665,999 110,552 581,864 915,396 183,896
1,111,472 814,073 577,978 758,252 921,946 912,884
000000
25,354,387 29,316,141 37,756,494 38,164,874 50,286,760 63,594,846 4,987,273 4,386,950 10,787,022 1,785,082 5,089,140 2,463,995 $59,915,277 $59,832,806 $75,508,293 $75,612,079 $89,299,154 $101,658,991 841,319 861,943 782,951 1,344,324 358,327 390,507
10,454,061 10,704,024 10,530,653 11,383,930 12,255,674 11,217,471 27,934,684 27,759,474 28,168,977 30,312,526 32,563,772 35,467,783 564,988 574,453 524,652 541,632 529,539 514,478
2,087,561 2,103,928 2,061,815 2,052,546 3,762,222 2,038,500 1,203,837 1,145,936 1,103,873 1,037,515 922,077 762,659 4,027,791 3,771,674 2,211,712 4,341,092 3,426,450 5,031,928 322,164 13,167 0000
47,436,405 46,934,599 45,384,633 51,013,565 53,818,061 55,423,326 $107,351,682 $106,767,405 $120,892,926 $126,625,644 $143,117,215 $157,082,317 ($169,809,025) ($144,815,928) ($105,838,829) ($120,022,590) ($189,406,431) ($188,865,723) 9,210,668 13,784,354 22,037,636 17,009,245 14,236,590 14,820,796 ($160,598,357) ($131,031,574) ($83,801,193) ($103,013,345) ($175,169,841) ($174,044,927) $63,004,942 $65,075,408 $65,248,507 $71,089,739 $74,255,275 $85,252,050 44,537,156 48,998,406 53,453,323 55,541,366 61,319,980 59,749,804 45,552,523 45,240,705 48,373,587 54,676,023 59,120,237 63,825,320 8,707,564 19,857,680 18,612,087 10,416,847 8,565,938 13,383,387 7,127,375 7,424,135 8,176,511 9,206,830 10,189,053 13,806,115 5,367,784 6,593,602 7,241,103 8,744,324 8,695,225 401,774 2,946,978 1,461,004 1,593,846 5,516,787 14,918,668 15,764,001 82,036 71,458 88,477 20,207 49,657 2,512
1,992,600 1,357,022 2,140,211 1,993,535 1,801,175 1,478,252 000000
000000
86,778 (11,279,988) (3,516,663) (882,448) (1,076,221) (337,185) 000000
000000
000000
$179,405,736 $184,799,432 $201,410,989 $216,323,210 $237,838,987 $253,326,030 770,319 145,810 909,597 2,083,188 4,093,449 3,549,285
000000
(86,778) 11,279,988 3,516,663 882,448 1,076,221 337,185 683,541 11,425,798 4,426,260 2,965,636 5,169,670 3,886,470 $180,089,277 $196,225,230 $205,837,249 $219,288,846 $243,008,657 $257,212,500 $9,596,711 $39,983,504 $95,572,160 $96,300,620 $48,432,556 $64,460,307 9,894,209 25,210,152 26,463,896 19,974,881 19,406,260 18,707,266 $19,490,920 $65,193,656 $122,036,056 $116,275,501 $67,838,816 $83,167,573 261
2016 2017 2018 2019
General Fund
Nonspendable $18,404,669 $15,697,680 $17,967,653 $17,170,714 Restricted 0000
Committed 0000
Assigned 4,460 10,013 72,506 63,180
Unassigned 10,988,266 19,709,197 17,590,764 19,534,660
Total General Fund $29,397,395 $35,416,890 $35,630,923 $36,768,554 All Other Governmental Funds
Nonspendable $550 $0 $0 $0
Restricted 53,752,247 56,052,014 64,125,353 72,865,392
Assigned 431,867 782,617 43,906 44,602
Unassigned (13,824,433) (12,190,388) (8,939,781) (5,403,755) Total all other governmental funds $40,360,231 $44,644,243 $55,229,478 $67,506,239 Notes:
•The change in total fund balance for the General Fund and other governmental funds is explained in Management's Discussion and Analysis.
(MODIFIED ACCRUAL BASIS OF ACCOUNTING)
CITY OF RICHMOND
FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
($50)
$0
$50
$100
$150
$200
$250
$300
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Fund Balances of Governmental Funds (In Million)
Fiscal Year
Nonspendable Restricted Committed Assigned Unassigned
262
2020 2021 2022 2023 2024 2025
$16,705,993 $14,399,738 $14,242,186 $13,867,445 $13,638,218 $9,085,865 0 0 1,505,053 3,996,614 10,667,506 17,451,468
1,500,000 9,800,000 3,383,453 3,720,697 3,748,566 8,552,105 113,349 2,436,475 6,397,688 9,530,225 6,106,044 5,398,076 20,326,889 22,477,829 44,935,389 55,196,962 65,262,325 62,824,919 $38,646,231 $49,114,042 $70,463,769 $86,311,943 $99,422,659 $103,312,433 $0 $0 $0 $0 $0 $0
75,880,927 80,161,994 88,191,500 108,207,093 145,127,325 163,111,936 45,264 2,521,099 45,618 0 1,750,000 1,750,000
(2,000,302) (1,677,775) (1,375,327) (3,057,916) (4,786,196) (4,459,877) $73,925,889 $81,005,318 $86,861,791 $105,149,177 $142,091,129 $160,402,059 263
2016 2017 2018 2019
Revenues
Property taxes $52,714,540 $58,042,766 $60,963,189 $66,816,032 Sales taxes 40,877,125 41,620,189 44,474,973 47,659,481 Utility user fees 43,365,249 44,966,489 46,079,755 45,905,937 Other taxes 11,628,519 12,566,579 12,413,127 14,020,347 Licenses, permits and fees 12,235,483 16,577,695 21,552,883 18,865,730 Fines, forfeitures and penalties 901,838 1,065,421 1,001,927 964,255 Use of money and property 212,787 422,324 746,525 1,302,922 Intergovernmental 14,440,543 19,913,858 20,137,593 17,691,976 Private grants 12,971,138 5,000,000 9,000,000 9,000,000 Charges for services 13,462,270 15,947,909 17,045,201 16,625,733 Pension stabilization revenue 915,860 885,938 0 0
Rent 768,753 839,821 852,940 988,741
Other 4,300,150 5,472,719 4,418,779 2,999,947
Total Revenues 208,794,255 $223,321,708 $238,686,892 $242,841,101 Expenditures
Current:
General government 31,819,369 $36,973,645 $44,009,256 $42,470,628 Public safety 94,774,545 95,479,682 96,546,035 99,824,574 Public works 25,690,663 30,327,553 35,016,495 37,133,097 Community development 4,843,687 6,374,607 8,057,638 5,126,848 Cultural and recreational 10,551,337 10,786,216 11,347,436 12,713,460 Housing and redevelopment 3,038,135 7,672,540 1,942,637 3,436,988 Capital outlay 8,566,563 3,667,134 10,000,595 5,774,234 Debt service:
Principal repayment 9,148,909 9,966,416 11,032,933 12,518,807 Interest and fiscal charges 12,503,442 11,471,169 10,785,342 10,026,887 Debt defeasance using existing resources 0 0 0 0
Swap termination payment 28,554,000 0 0 0
Total Expenditures 229,490,650 212,718,962 228,738,367 229,025,523 Excess (deficiency) of revenues over
(under) expenditures (20,696,395) 10,602,746 9,948,525 13,815,578 Other Financing Sources (Uses)
Proceeds from sale of property 262,667 $181,022 $39,226 $71,779 Transfers in 12,124,166 18,770,780 14,472,164 19,215,848 Transfers out (12,091,206) (19,251,041) (14,868,906) (19,688,813) Payment to refund bond escrow agent 0 0 0
Issuance of long-term debt 28,390,000 0 0 0
Bond issuance premium 1,393,619 0 0 0
Other financing sources - SBITAs 0000
Other financing sources - Lease Liability 0000
Total other financing sources (uses) 30,079,246 (299,239) (357,516) (401,186) Special and Extraordinary Items
Transfer of loans to housing successor $0 $0 $1,208,259 $0 Total Special and Extraordinary Items 0 0 1,208,259 0
Net Change in fund balances $9,382,851 $10,303,507 $10,799,268 $13,414,392 Debt service as a percentage of
noncapital expenditures 9.8% 10.3% 10.0% 10.2%
CITY OF RICHMOND
CHANGES IN FUND BALANCE OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
(MODIFIED ACCRUAL BASIS OF ACCOUNTING)
264
2020 2021 2022 2023 2024 2025
$68,285,321 $70,294,487 $72,362,382 $79,715,269 $82,807,346 $85,252,050 44,537,156 48,998,406 53,453,323 55,541,366 61,319,980 59,749,804 45,552,523 45,240,705 48,373,588 54,676,023 59,120,237 63,825,320 15,619,151 27,066,292 26,573,077 19,623,678 18,754,991 27,189,502 15,385,538 18,316,552 20,710,335 31,439,148 27,813,991 26,618,793 815,910 455,470 407,493 259,035 239,379 644,423
1,302,020 472,216 622,268 3,555,012 11,350,285 12,492,726 24,284,779 23,912,334 28,014,581 27,338,796 47,509,648 56,037,862 000000
16,807,806 15,371,589 13,551,503 13,125,077 13,189,520 14,590,372 000000
892,579 699,301 723,596 817,496 864,042 879,271
1,998,535 1,491,314 2,157,113 2,074,641 1,829,377 1,508,489 $235,481,318 $252,318,666 $266,949,259 $288,165,541 $324,798,796 $348,788,612 $47,122,400 $47,429,988 $48,844,022 $61,881,734 $68,430,785 $74,610,578 100,037,206 97,682,457 96,752,490 93,999,040 110,066,352 125,029,577 34,207,196 32,067,844 33,922,641 38,916,970 49,259,684 52,970,682 5,189,613 5,606,322 5,680,870 6,486,694 7,382,329 9,047,902 11,482,027 9,717,875 10,583,266 10,833,071 13,509,037 14,828,955 3,544,492 3,225,876 3,357,987 3,484,198 3,474,506 4,707,814 4,871,461 6,135,189 13,403,045 10,860,450 12,820,284 49,858,496 12,552,283 14,423,082 17,234,527 19,860,477 7,691,278 7,716,982 10,431,652 7,044,795 6,117,847 5,856,744 15,468,833 12,378,566 0 0 0 2,163,313 0 0
000000
229,438,330 223,333,428 235,896,695 254,342,691 288,103,088 351,149,552 6,042,988 28,985,238 31,052,564 33,822,850 36,695,708 (2,360,940) $82,036 $71,458 $88,477 $20,207 $49,658 $2,512
18,336,677 15,524,305 20,744,118 50,312,870 58,217,010 58,903,519 (18,221,126) (27,033,761) (24,861,799) (51,673,336) (58,479,249) (55,526,442) (77,315,000) 0 0 (152,904,036) 0 0
79,171,752 0 0 154,140,000 0 0
000000
0 0 0 417,005 0 0
00000 21,315,218
2,054,339 (11,437,998) (4,029,204) 312,710 (212,581) 24,694,807 $0 $0 $0 $0 $0 $0
000000
$8,097,327 $17,547,240 $27,023,360 $34,135,560 $36,483,127 $22,333,867
10.3% 9.9% 10.5% 11.5% 8.4% 6.7%
265
2016 2017 2018 2019
ASSESSED VALUE (i)
Land $4,186,239 $4,520,312 $4,946,654 $5,423,245
Improvements 8,683,770 9,216,704 9,400,903 10,129,347
Total Real Property 12,870,009 13,737,016 14,347,557 15,552,592 Personal Property 669,634 585,832 $589,457 $584,968
TOTAL $13,539,643 $14,322,848 $14,937,014 $16,137,560
EXEMPTIONS (ii)
Homeowners (a) $96,539 $95,052 $94,266 $93,219
Other (b) 641,475 688,713 760,841 809,325
TOTAL $738,014 $783,765 $855,107 $902,544
ASSESSED VALUE
(Net of Exemptions) $12,801,629 $13,539,083 $14,081,907 $15,235,016 Redevelopment Tax
Increments (iii) 2,055,811 2,248,742 2,567,061 2,892,823
NET ASSESSED
VALUE $10,745,818 $11,290,341 $11,514,846 $12,342,193
NET INCREASE
(DECREASE) $801,905 $544,523 $224,505 $827,347
% OF INCREASE
(DECREASE) 8.06% 5.07% 1.99% 7.19%
Total Direct Tax Rate (iv) 0.43471% 0.43379% 0.43302% 0.43270% Notes:
(i) Assessed value (full cash value) of taxable property represents all property within the City.
For the fiscal year 1981-82 and thereafter, the assessed value is 100% of the full cash value in accordance with State legislation. The maximum tax rate is 1% of the full cash value or $1/$100 of the assessed value, excluding the tax rate for debt service.
(ii) Exemptions are summarized as follows:
(a) Homeowners' exemption arises from Article XIII(25) which reimburses local governments for revenues lost through the homeowners' exemption in Article XIII(3)(k). (b) Other exemptions are revenues lost to the City because of provisions of California Constitution, Article XIII(3). (iii)Tax increments are allocations made to the Redevelopment Agency under authority of California Constitution Article XVI.
(iv) California cities do not set their own direct tax rate. The state constitution establishes the rate at 1% and allocates a portion of that amount, by an annual calculation, to all the taxing entities within a tax rate area.
The City of Richmond encompasses more than 92 tax rate areas.
See Property Tax Rates statistics for additional information.
Source: County of Contra Costa, Office of the Auditor-Controller, HdL reports
CITY OF RICHMOND
ASSESSED AND ESTIMATED ACTUAL
VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
(IN THOUSANDS)
266
2020 2021 2022 2023 2024 2025
$5,888,775 $6,277,934 $6,573,641 $7,191,720 $7,678,837 $8,059,039 10,214,867 10,541,291 10,494,291 11,281,579 12,047,139 12,653,833 16,103,642 16,819,225 17,067,932 18,473,299 19,725,976 20,712,872 $617,157 $652,386 $635,202 $617,274 $687,202 $715,507
$16,720,799 $17,471,611 17,703,134 19,090,573 20,413,178 21,428,379 $91,907 $91,372 $91,348 $89,300 $87,227 $86,811
932,222 1,008,837 1,214,858 1,258,758 1,373,120 1,499,380 $1,024,129 $1,100,209 $1,306,206 $1,348,058 $1,460,347 $1,586,191 $15,696,670 $16,371,402 $16,396,928 $17,742,515 $18,952,831 $19,842,188 3,175,294 3,175,294 3,175,294 4,093,194 4,431,395 4,774,843 $12,521,376 $13,196,108 $13,221,634 $13,649,321 $14,521,436 $15,067,345 $179,183 $674,732 $25,526 $427,687 $872,115 $545,909
1.45% 5.39% 0.19% 3.23% 6.39% 3.76%
0.43206% 0.43135% 0.43098% 0.42978% 0.42915% 0.42883%
267
Basic City of East Bay West
County Richmond Regional East Bay Contra
Fiscal Wide 1981 Pension Parks MUD Dist. 1 Costa
Year Levy (i) Liability (ii) BART District Bond Unified 2016 1.00000 0.14000 0.00260 0.00670 0.00340 0.27810
2017 1.00000 0.14000 0.00800 0.00320 0.00280 0.26040
2018 1.00000 0.14000 0.00840 0.00210 0.00110 0.23970
2019 1.00000 0.14000 0.00700 0.00210 0.00000 0.23900
2020 1.00000 0.14000 0.01200 0.00940 0.00000 0.23790
2021 1.00000 0.14000 0.01390 0.00140 0.00000 0.24320
2022 1.00000 0.14000 0.00600 0.00200 0.00000 0.29390
2023 1.00000 0.14000 0.01400 0.00580 0.00000 0.25640
2024 1.00000 0.14000 0.01340 0.00570 0.00000 0.24640
2025 1.00000 0.14000 0.01480 0.00130 0.00000 0.24890
Notes:
(i) In 1978, California voters passed Proposition 13 which set the property tax rate at a 1.00% fixed amount. This 1.00% is shared by all taxing agencies for which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of any voter approved bonds. (ii) Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply to all city property owners.
(iii) City's Share of 1% Levy is based on the City's share of the general fund tax rate area with the largest next taxable value within the City. The ERAF portion of the City's Levy has been subtracted where known. (iv) Total Direct Rate is the weighted average of all individual direct rates applied by the City preparing the statistical section information and excludes revenues derived from aircraft. Beginning in 2013/14 the Total Direct Rate no longer includes revenue generated from the former redevelopment tax rate areas. Challenges to recognized enforceable obligations are assumed to have been resolved during 2012/13. For the purposes of this report, residual revenue is assumed to be distributed to the City in the same proportions as general fund revenue.
Source: County of Contra Costa Assessor
CITY OF RICHMOND
PROPERTY TAX RATES
ALL OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
(RATE PER $100 OF TAXABLE VALUE)
$0.00
$0.25
$0.50
$0.75
$1.00
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Property Tax Rates (Rate Per $100 of Taxable
Value)
Fiscal Year
Contra Costa Community College East Bay Regional Parks District BART East Bay MUD Dist. 1 Bond
City of Richmond 1981 Pension Liability (ii) West Contra Costa Unified Basic County Wide Levy (i)
268
Contra Total City's
Costa Direct & Share of General Total
Community Overlapping 1% Levy Per Obligation Debt Direct College Tax Rates (ii) Prop 13 (iii) Rate Rate (iv)
0.02200 1.45280 0.28784 0.14000 0.43471
0.01200 1.42640 0.28784 0.14000 0.43379
0.01140 1.40270 0.28784 0.14000 0.43302
0.01100 1.39910 0.28784 0.14000 0.43270
0.01880 1.41810 0.28784 0.14000 0.43206
0.01610 1.41460 0.28784 0.14000 0.43135
0.01760 1.45950 0.28784 0.14000 0.43098
0.01620 1.43240 0.28784 0.14000 0.42978
0.01460 1.42010 0.28784 0.14000 0.42915
0.01420 1.41920 0.28784 0.14000 0.42883
269
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
Chevron USA Inc. Industrial $3,859,389 1 19.37% $3,514,616 1 27.25% Guardian KW Hilltop LLC Residential 225,151 2 1.13% 150,113 2 1.16% CenterPoint Properties Trust Industrial 155,579 3 0.78% Hilltop Comm Partners Sub 1 Commercial 115,046 4 0.58%
MC MP Ford Point Realty LLC Industrial 107,840 5 0.54%
IPT Richmod DC LP Industrial 99,101 6 0.50%
Kaiser Industrial 95,759 7 0.48% 77,561 4 0.60%
Richmond Essex, LP Residential 87,874 8 0.44% 74,327 5 0.58% Duke Realty Vacant 71,550 9 0.36%
TransMontaigne Partners LP Industrial 61,517 10 0.31%
Lennar Emerald Marina Bay LLC Residential 92,625 3 0.72% US Bank National Association Trust Commercial 40,545 7 0.31% DDRM Hilltop Commercial 37,490 10 0.29%
BRE Piper MF TIDES CA LLC Residential 38,669 9 0.30%
DiCon Fiberoptics Inc Industrial 41,308 6 0.32%
Ford Point LLC Industrial 39,780 8 0.31%
Subtotal $4,878,804 24.48% $4,107,034 31.84%
Total Net Assessed Valuation:
Fiscal Year 2025 $19,929,000
Fiscal Year 2016 $12,898,168
Source: Contra Costa County Assessor Fiscal Year Combined Tax Rolls and the SBE Non Unitary Tax Roll
CITY OF RICHMOND
PRINCIPAL PROPERTY TAX PAYERS
CURRENT FISCAL YEAR AND NINE YEARS AGO
(IN THOUSANDS)
Not a top ten employer in 2025
2025 2016
Not a top ten employer in 2025
Not a top ten employer in 2025
Not a top ten employer in 2025
Not a top ten employer in 2025
Not a top ten employer in 2025
Not a top ten employer in 2016
Not a top ten employer in 2016
Not a top ten employer in 2016
Not a top ten employer in 2016
Not a top ten employer in 2016
Not a top ten employer in 2016
270
##
##
##
Percent of
Voter Total Total Tax
Fiscal 1% Tax Approve Debt Tax Collections
Year Roll (i) Tax Rolls (ii) Collections to Tax Levy (iii) 2016 $31,490 $18,071 $49,561 100%
2017 33,152 19,618 52,770 100%
2018 33,780 20,481 54,261 100%
2019 36,116 22,078 58,194 100%
2020 36,435 22,513 58,948 100%
2021 37,506 23,477 60,983 100%
2022 36,930 23,269 60,199 100%
2023 39,634 26,011 65,645 100%
2024 41,978 27,166 69,144 100%
2025 43,363 28,292 71,655 100%
Notes:
Source: City of Richmond Records
CITY OF RICHMOND
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
(IN THOUSANDS)
(i) The maximum tax rate is 1% of the assessed value or $1/$100 of the assessed value, excluding the tax rate for debt. (ii) Voter approved tax roll for debt is in addition to the 1% rate shown in note (i). (iii) During fiscal year 1995, the County began providing the City 100% of its tax levy under an agreement which allows the County to keep all interest and delinquency charges collected.
$0
$10
$20
$30
$40
$50
$60
$70
$80
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Property Tax Levies and Collections (In Millions)
Fiscal Year
1% Tax Roll (i) Total Tax Collections
271
2016 2017 2018 2019
Cable TV Users $988,547 $924,912 $1,036,854 $1,025,549
Gas & Electric 9,966,642 11,433,006 11,250,415 11,404,175 Telephone 4,093,128 3,668,092 3,300,001 2,910,450
Operations 21,004,080 21,209,540 22,884,443 23,230,610
UUT Settlement 7,000,000 7,000,000 7,000,000 7,000,000
Prepaid Wireless 312,852 730,939 608,042 335,153
$43,365,249 $44,966,489 $46,079,755 $45,905,937
Notes:
• Components of collections by type are not available, therefore amount represents total UUT collections for the fiscal year, and these amounts have been excluded from the graph Source: City of Richmond, Finance Department (Revenue)
CITY OF RICHMOND
UTILITY USERS TAX COLLECTIONS
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
$0
$5
$10
$15
$20
$25
$30
$35
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Tax Collections (In Thousands)
Fiscal Year
Cable TV Users Gas & Electric Telephone
Operations UUT Settlement Prepaid Wireless
272
2020 2021 2022 2023 2024 2025
$951,147 $961,286 $975,219 $909,810 $845,031 $726,987
11,416,601 13,118,252 14,833,325 17,686,168 18,874,694 20,128,756 2,621,565 2,302,969 2,065,243 2,124,673 2,092,755 2,031,061 23,351,283 24,657,999 26,330,964 29,785,913 33,161,970 36,796,563 7,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 211,927 200,199 168,836 169,459 145,787 141,952 $45,552,523 $45,240,705 $48,373,587 $54,676,023 $59,120,237 $63,825,320 273
2016 2017 2018 2019
Cable TV Users 5% 5% 5% 5%
Gas & Electric 10% 10% 10% 10%
Telephone 9.50% 9.50% 9.50% 9.50%
Operations (i) (i) (i) (i)
UUT Settlement (ii) (ii) (ii) (ii)
Notes:
Source: City of Richmond, Finance Department (Revenue) (ii) Annual amount is per agreement signed by a Major Taxpayer and the City in 2010.
CITY OF RICHMOND
UTILITY USERS TAX DIRECT RATES
ON CHARGES FOR SERVICES
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
(i) Based on the Cap Provision in the City of Richmond Municipal Code 'Section 13.52.100 - Maximum Tax Payable of the Richmond Municipal Code. 0%
2%
4%
6%
8%
10%
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Utility users Tax Direct Rates
Fiscal Year
Cable TV Users Gas & Electric Telephone
274
2020 2021 2022 2023 2024 2025
5% 5% 5% 5% 5% 5%
10% 10% 10% 10% 10% 10%
9.50% 9.50% 9.50% 9.50% 9.50% 9.50%
(i) (i) (i) (i) (i) (i)
(ii) (ii) (ii) (ii) (ii) (ii)
275
Taxpayer Type of Business (i)
CHEVRON Industrial
COMCAST Cable
CONSTELLATION NEW ENERGY Utility
DIRECT ENERGY Utility
GTE MOBILNET OF CALIFORNIA Telecommunications
MARIN CLEAN ENERGY Utility
NEW CINGULAR WIRELESS Telecommunications
PACIFIC BELL Telecommunications
PG & E Utility
T-MOBILE WEST LLC Telecommunications
Notes:
(i) Revenue base information by taxpayer is confidential.
Source: City of Richmond, Finance Department (Revenue)
CITY OF RICHMOND
TOP TEN UTILITY USERS TAXPAYERS
(ALPHABETICAL ORDER)
June 30, 2025
276
Governmental Activities
Tax Pension Loans
Fiscal Allocation Obli gation Revenue and Notes SBITA Ca pital Year Bonds Bonds Bonds Pa yable Liabilities (iii) Leases Total 2016 (ii) $155,070,539 $115,218,619 $2,143,560 $0 $7,944,891 $280,377,609 2017 (ii) 153,058,033 113,275,266 1,993,820 0 6,872,843 275,199,962 2018 (ii) 150,485,289 111,241,920 1,844,775 0 8,650,840 272,222,824 2019 (ii) 147,275,826 109,098,574 1,287,277 0 7,640,339 265,302,016 2020 (ii) 144,339,640 107,666,888 1,156,441 0 6,661,805 259,824,774 2021 (ii) 140,816,305 103,543,450 1,023,224 0 5,642,605 251,025,583 2022 (ii) 136,976,076 99,240,012 1,023,224 0 4,209,138 241,448,449 2023 (ii) 154,140,000 94,726,574 749,582 3,404,609 6,462,613 259,483,377 2024 (ii) 154,140,000 89,998,136 609,071 2,318,011 3,591,104 250,656,321 2025 (ii) 154,140,000 85,024,698 465,981 1,328,891 22,099,763 263,059,333 Business-T
ype Activities
Wastewater Port Lease Loans Lease Total Percenta geP e r Fiscal Revenue Revenue and Notes Liabilities Primar y of Personal Ca pita Year Bonds Bonds (iv) Payable (iii) Total Government Income (i) (i) 2016 $84,637,983 $39,354,875 $2,783,127 $0 $126,775,985 $407,153,594 15.04% 3,827 2017 82,313,447 36,588,791 3,401,553 0 122,303,791 397,503,753 14.49% 3,601 2018 111,698,772 33,587,707 3,316,308 0 148,602,787 420,825,611 15.04% 3,765 2019 144,811,738 30,331,623 3,227,227 0 178,370,588 443,672,604 15.19% 3,998 2020 141,391,552 17,940,892 3,134,137 0 162,466,581 422,291,355 13.95% 3,824 2021 137,886,366 13,604,419 3,338,388 0 154,829,173 405,854,756 12.53% 3,649 2022 134,416,180 9,112,946 15,229,299 0 158,758,424 400,206,873 11.72% 3,634 2023 130,825,994 4,451,473 34,752,234 651,475 170,681,176 430,164,553 12.15% 3,757 2024 127,020,808 0 45,777,830 290,704 173,089,342 423,745,663 10.32% 3,733 2025 123,100,622 0 51,859,310 290,704 175,250,636 438,309,969 9.07% 3,859 Notes:
• Debt amounts exclude any premiums, discounts, or other amortization amounts. (i) See Demographic Statistics for personal income and population data. (ii) Due to the dissolution of the Redevelopment Agency, the Tax Allocation Bonds and the Loans and Notes Payable that were related to the Redevelopment Agency were transferred to the Successor Agency as of February 1, 2012 and are no longer governmental commitments. (iii) Starting in fiscal year 2023, due to GASB Statement No. 87 and 96, lease liabilities and subscription-based information technology arrangements were recognized and recorded separately from loans and notes payables. (iv) With the implementation of GASB Statement No. 65, the deferred amount on refunding previously reported as a component of the long-term debt balance is not reported as a deferred inflows of resources.
Source: City of Richmond, State of California Department of Finance (population), U.S. Department of commerce Bureau of the Census (income)
CITY OF RICHMOND
RATIO OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
$0
$50
$100
$150
$200
$250
$300
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Outstanding Debt (In Million)
Fiscal Year
Governmental Activities Total Business-Type Activities Total 277
ASSESSED VALUATION:
Secured property assessed value, net of
exempt real property $19,842,188,000
BONDED DEBT LIMIT (3.75% OF ASSESSED VALUE) (i) $744,082,050 AMOUNT OF DEBT SUBJECT TO LIMIT:
Total Bonded Debt $0
Less Tax Allocation Bonds and Sales Tax Revenue
Bonds, Certificate of Participation not subject to limit 0 Amount of debt subject to limit 0
LEGAL BONDED DEBT MARGIN $744,082,050
Total net debt
Total Net Debt Legal applicable to the limit
Fiscal Debt Applicable to Debt as a percentage
Year Limit Limit Margin of debt limit
2016 $480,061,088 0 $480,061,088 0.00%
2017 507,715,613 0 507,715,613 0.00%
2018 528,071,513 0 528,071,513 0.00%
2019 571,313,100 0 571,313,100 0.00%
2020 588,625,125 0 588,625,125 0.00%
2021 613,927,575 0 613,927,575 0.00%
2022 614,884,800 0 614,884,800 0.00%
2023 665,344,313 0 665,344,313 0.00%
2024 710,731,163 0 710,731,163 0.00%
2025 744,082,050 0 744,082,050 0.00%
Notes:
CITY OF RICHMOND
COMPUTATION OF LEGAL BONDED DEBT MARGIN
JUNE 30, 2025
(i) California Government Code, Section 43605 sets the debt limit at 15%. The Code section was enacted prior to the change in basing assessed value to full market value when it was previously 25% of market value. Thus, the limit shown as 3.75% is one-fourth the limit to assessed valuationat at full cash value.account for the adjustment of showing
278
Debt Service Requirements
Net Revenue
Fiscal Gross Operating Available for Coverage
Year Revenue (i) Expenses (ii) Debt Service Principal Interest Total Ratio 2016 19,843,677$ 9,954,037 $ 9,889,640$ 2,200,000$ 4,393,375$ 6,593,375 $ 1.50 2017 20,880,739 10,831,250 10,049,489 2,295,000 4,344,233 6,639,233 1.51 2018 23,752,946 11,885,819 11,867,127 2,400,000 5,599,008 7,999,008 1.48 2019 29,993,700 10,647,739 19,345,961 35,240,000 5,286,578 40,526,578 0.48 2020 28,589,996 13,183,065 15, 406,931 3,420,186 3,386,178 6,806,364 2.26 (iii )
2021 27,876,716 12,214,607 15,662,109 2,515,000 5,633,851 8,148,851 1.92 2022 28,277,557 10,874,658 17,402,899 2,480,000 5,516,663 7,996,663 2.18 2023 31,156,875 13,172,834 17,984,041 2,600,000 5,393,712 7,993,712 2.25 2024 34,547,622 16,311,333 18,236,289 2,815,000 5,258,061 8,073,061 2.26 2025 36,830,605 18,735,946 18,094,659 2,930,000 4,675,874 7,605,874 2.38 Notes:
(i) Includes all Municipal Sewer Operating Revenues and Non-operating Interest Revenue excluding Derivative Investment Interest. (ii) Includes all Municipal Sewer Operating Expenses less Depreciation and Pension and OPEB Expense related to GASB Statements 68 and 75. (iii) Includes the current refunding of the 2008A Wastewater Revenue Refunding Bonds Source: City of Richmond Annual Financial Statements
CITY OF RICHMOND
REVENUE BOND COVERAGE RATIO
1999, 2006, 2008, 2010A, 2010B, 2017A, 2019A and 2019B WASTEWATER REVENUE BONDS LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
1.50 1.51 1.48
0.48 2.26
1.92 2.18 2.25 2.26
2.38 0.00
0.50 1.00
1.50 2.00
2.50 3.00
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Wastewater Revenue Bonds Coverage Ratio
Fiscal Year
Coverage Ratio
279
Debt Service Requirements
Net Revenue
Fiscal Gross Operating Available for Coverage
Year Revenue (i) Expenses (ii) Debt Service Principal Interest Total Ratio 2016 10,081,074$ 4,533,796 $ 5,547,278 $ 2,723,455 $ 2,869,343 $ 5,592,798$ 0.99 2017 10,194,121 3,522,216 6,671,905 2,830,000 2,641,797 5,471,797 1.22 2018 10,633,233 4,450,592 6,182,641 3,065,000 2,393,977 5,458,977 1.13 2019 10,783,561 3,289,965 7,493,596 3,320,000 2,126,229 5,446,229 1.38 2020 10,511,283 2,972,218 7,539,065 12,390,731 2,141,506 14,532,237 0.52 2021 10,707,743 2,495,128 8,212,615 3,945,000 748,210 4,693,210 1.75 2022 11,193,765 2,442,047 8,751,718 4,100,000 587,679 4,687,679 1.87 2023 12,347,504 2,148,773 10,198,731 4,270,000 422,270 4,692,270 2.17 2024 13,902,664 3,187,510 10,715,154 4,060,000 208,779 4,268,779 2.51 2025 12,977,867 2,766,184 10,211,683 0 550 550 (iii)
Notes:
(i) Includes all Port of Richmond Operating Revenues and Non-operating Interest Revenue excluding Derivative Investment Interest. (ii) Includes all Port of Richmond Operating Expenses, less Depreciation and Pension and OPEB Expense related to GASB Statements 68 and 75. (iii) Bond Paid off in FY 2023-24.
Source: City of Richmond Annual Financial Statements
AND POINT POTRERO LEASE REVENUE BONDS
1996, 1999, 2004, 2007 AND 2009 PORT TERMINAL LEASE REVENUE BONDS, NOTE LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
REVENUE BOND COVERAGE RATIO
CITY OF RICHMOND
0.99 1.22
1.13 1.38
0.52 1.75 1.87
2.17 2.51
0.00 0.50
1.00 1.50
2.00 2.50
3.00 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Revenue Bond Coverage Ratio
Fiscal Year
Coverage Ratio
280
Debt Service Requirements
Fiscal Tax Coverage
Year Revenue Principal Interest Total Ratio
2016 19,953,198 (ii) 6,180,000 4,445,674 10,625,674 1.88 2017 14,156,746 (ii) 6,395,000 4,653,678 11,048,678 1.28 2018 12,255,069 (ii) 7,575,000 4,746,564 12,321,564 0.99 2019 10,714,239 (ii) 7,895,000 4,662,021 12,557,021 0.85 2020 10,720,489 (ii) 8,820,000 4,244,580 13,064,580 0.82 2021 12,927,768 (ii) 12,949,294 4,128,651 17,077,945 0.76 2022 8,306,100 (ii) 6,645,000 2,052,525 8,697,525 0.95
2023 8,846,005 (ii) 6,590,000 1,832,049 8,422,049 1.05
2024 10,171,374 (ii) 7,102,474 1,566,348 8,668,822 1.17 2025 11,757,814 (ii) 6,092,695 1,298,107 7,390,802 1.59 Notes:
(i) Includes the 1991, 1998, 2000, 2003, 2004, 2007, 2010, 2014 and 2021 Bonds. (ii) 'Beginning in fiscal year 2012, tax increment reported in this table is the amount calculated by the County Auditor-Controller.
Under the provisions of the laws dissolving the Redevelopment Agency, the Successor Agency only receives the funds necessary to fulfill its approved obligations.
Source: City of Richmond Annual Financial Statements
CITY OF RICHMOND
BONDED DEBT PLEDGED REVENUE
TAX ALLOCATION BONDS AND REFUNDING BONDS (i)
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
0 5
10 15
20 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Tax Allocation Bonds and Refunding Bonds (In Million)
Fiscal Year
Tax Increment Revenue Total Debt Seervice Payment
281
Ratio of General Net General
Restricted Net Bonded Debt to Net Bonded
Fiscal Bonds Cash and Bonds Net Assessed Assessed Value Debt per Year Outstanding Investments (ii) Outstanding Value of Property of Property Capita 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 10,041,550 137,234,276 12,342,193,000 1.11% 1,243 2020 144,339,640 11,315,256 133,024,384 12,521,376,000 1.06% 1,196 2021 140,816,305 11,845,153 128,971,152 13,196,108,000 0.98% 1,171 2022 136,976,076 12,779,202 124,196,874 13,221,634,000 0.94% 1,085 2023 154,140,000 234,805 153,905,195 13,649,321,000 1.13% 1,356 2024 154,140,000 5,947 154,134,053 14,521,436,000 1.06% 1,367 2025 154,140,000 8,643 154,131,357 15,067,345,000 1.02% 1,357 Notes:
(i) 2022 Bonds issued in fiscal year 2023 to refinance the 2005 Bonds. (ii) Restricted cash is being held with the City's fiscal agent, US Bank, and is restricted for the payment of the bonds.
Source: City of Richmond Annual Financial Statements
CITY OF RICHMOND
GENERAL BONDED DEBT
PENSION OBLIGATION BONDS (i)
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
$1,324
1,282
1,267
1,243
1,196
1,171
1,085
1,356 1,367 1,357
$1,000
$1,100
$1,200
$1,300
$1,400
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Net General Bonded Debt per Capita
Fiscal Year
Net General Bonded Debt per Capita
282
2024-2025 Assessed Valuation: $19,928,999,595
City's
Total Debt % Share of Debt
OVERLAPPING TAX AND ASSESSMENT DEBT: June 30, 2025 Applicable (i) June 30, 2025 Bay Area Rapid Transit District $2,391,260,000 1.902% $45,481,765 Contra Costa Community College District 591,875,000 7.155% $42,348,656 West Contra Costa Unified School District 1,279,679,975 46.141% $590,457,137 West Contra Costa Healthcare District Parcel Tax Obligations 40,155,000 42.298% $16,984,762 East Bay Regional Park District 145,930,000 2.967% $4,329,743 City of Richmond Community Facilities District No. 1998-1 1,095,000 100% $1,095,000 City of Richmond 1915 Act Bonds 3,085,000 100% $3,085,000 California Statewide Community Development Authority 1915 Act B 1,150,513 100% $1,150,513 TOTAL NET OVERLAPPING TAX AND ASSESSMENT DEBT 704,932,576 DIRECT AND OVERLAPPING GENERAL FUND DEBT:
Contra Costa County General Fund Obligations $150,845,000 7.132% 10,758,265 Alameda-Contra Costa Transit District Certificates of Participation 9,600,000 5.505% 528,480 West Contra Costa Unified School District Certificates of Participati 2,845,000 46.141% 1,312,711 City of Richmond General Fund Obligations 73,800,000 100% 73,800,000 City of Richmond Pension Obligations Bonds 154,140,000 100% 154,140,000 Contra Costa County Mosquito District General Fund Obligations 8,050,000 7.132% 574,126 TOTAL DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT 241,113,582 Less: Contra Costa County general fund obligations supported by revenue funds 2,470,156 TOTAL NET DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT 238,643,426 OVERLAPPING TAX INCREMENT DEBT (Successor Agency)
$25,912,724 100% 25,912,724
TOTAL NET DIRECT DEBT 227,940,000
TOTAL GROSS OVERLAPPING DEBT 744,018,882
TOTAL NET OVERLAPPING DEBT $741,548,726
GROSS COMBINED TOTAL DEBT $971,958,882 (ii)
NET COMBINED TOTAL DEBT $969,488,726
(i) 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. (ii) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.
Ratios to 2024-25 Assessed Valuation:
Total Overlapping Tax and Assessment Debt 3.54%
Total Direct Debt ($227,940,000) 1.14%
Gross Combined Total Debt 4.88%
Net Combined Total Debt 4.86%
Ratios to Redevelopment Successor Agency Incremental Valuation ($4,774,843,325):
Total Overlapping Tax Increment Debt 0.54%
Source: California Municipal Statistics, Inc.
CITY OF RICHMOND
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
JUNE 30, 2025
283
Total Per Capita Contra Costa City
Calendar City Personal Personal Unemploymen t County Population Year Population Income Income Rate (%) Population % of County 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% 2023 112,735 $4,453,896,000 39,507 4.5% 1,155,025 9.76% 2024 113,594 $4,834,816,000 42,562 4.6% 1,153,031 9.85% Source: HdL, Coren & Cone
CITY OF RICHMOND
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN CALENDAR YEARS
9.25%
9.50%
9.75%
10.00%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
City Population % of County
Calendar Year
City Population % of County
$2.0
$3.0
$4.0
$5.0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Personal Income (In Billions)
Calendar Year
Total Personal Income
0%
5%
10%
15%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Unemployment Rate
Calendar Year
Unemployment Rate (%)
$20
$30
$40
$50
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Per Capita Personal Income
(In Thousands)
Calendar year
Per Capita Personal Income
284
Percentage Percentage
Number of of Total City Number of of Total City
Employer Employees Rank Employment Employees Rank Employment Chevron Refinery 3,157 1 9.1% 3,456 1 3.5%
Kaiser Foundation Hospitals 1,442 2 4.2% 506 9 0.5%
United Parcel Service 1,332 3 3.9%
Social Security Administration 1,259 5 3.6% 1,259 3 1.3% West Contra Costa Unified School District 1,167 5 3.4% 1,689 2 1.7% Amazon.com Services 1,121 6 3.2%
The Permanente Medical Group 1,051 7 3.0% 732 8 0.7%
U.S. Postal Service 1,047 8 3.0% 1,047 5 1.1%
Contra Costa County 844 9 2.4% 844 6 0.9%
City of Richmond 800 10 2.3% 842 7 0.9%
Costco Wholesale #482 405 10 0.4%
Blue Apron, Inc. 1,200 4 1.2%
Subtotal 13,220 38.3% 11,980 12.2%
Total City Day Population 103,912 98,236
Source: City of Richmond
Not a principal employer in 2016
Not a principal employer in 2016
Not a principal employer in 2025
Not a principal employer in 2025
2025 2016
CITY OF RICHMOND
PRINCIPAL EMPLOYERS
CURRENT FISCAL YEAR AND NINE YEARS AGO
285
2016 2017 2018 2019
Function
Community development 59.5 41.0 40.0 41.0
Cultural and recreational 59.0 57.0 59.1 61.7
General government 99.8 105.4 116.5 114.7
Housing and redevelopment 5.9 3.8 3.8 3.8
Port of Richmond 4.0 4.0 4.0 4.0
Public safety 375.5 349.0 341.0 340.0
Public works 112.0 144.0 143.0 148.0
Richmond Housing Authorit
y 23.0 19.0 19.0 20.0
Cable TV (i) (i) (i) (i)
Convention Center (ii) (ii) (ii) (ii)
Municipal Sewer (iii) (iii) (iii) (iii)
Richmond Marina (iii) (iii) (iii) (iii)
Storm Sewer (iii) (iii) (iii) (iii)
Total 738.7 723.2 726.4 733.2
Notes:
(i) Staff that perform these functions are included under General Government and Cultural and Recreational. (ii) Convention Center closed during renovation and staff moved under cultural and recreational. (iii) These services are provided by outside contractors.
Source: City of Richmond Budget
CITY OF RICHMOND
FULL-TIME EQUIVALENT CITY GOVERNMENT EMPLOYEES BY FUNCTION LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
0 100
200
300
400
500
600
700
800
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Full -Time Equivalent Employees
Fiscal Year
Community development Cultural and recreational General government Housing and redevelopment Port of Richmond Public safety Public works Richmond Housing Authority
286
2020 2021 2022 2023 2024 2025
(re-stated)
42.0 7.0 5.0 41.0 47.0 47.0
61.7 58.1 60.7 61.7 69.7 88.7
124.7 113.1 120.1 129.0 146.1 138.1
3.8 2.8 2.0 0.0 0.0 0.0
4.0 4.0 4.0 3.0 3.0 3.0
342.0 309.0 303.0 304.0 309.0 309.0
145.0 171.5 191.4 165.2 180.2 180.2
5.3 4.0 7.0 7.0 5.0 5.0
(i) (i) (i) (i) (i) (i)
(ii) (ii) (ii) (ii) (ii) (ii)
(iii) (iii) (iii) (iii) (iii) (iii)
(iii) (iii) (iii) (iii) (iii) (iii)
(iii) (iii) (iii) (iii) (iii) (iii)
728.5 669.5 693.2 710.9 760.0 771.0
287
2016 2017 2018 2019
Fire:
Fire calls for service 14,497 14,372 14,375 13,900
Primary fire inspections conducted 1,134 1,160 5,378 3,929 Number of firefighters 91 90 91 90
Number of firefighters and civilians per thousand population 0.8 0.8 0.8 0.8 Police:
Number of police officers per thousand population 1.7 1.6 1.6 1.6 Number of sworn officers 185 182 178 178
Daily average consumption in gallons per family 250 250 250 250
CITY OF RICHMOND
OPERATING INDICATORS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
288
2020 2021 2022 2023 2024 2025
14,318 18,150 18,210 14,020 14,768 14,977
2,919 3,320 1,510 1,082 1,397 1,970
89 89 89 91 91 91
0.8 0.8 0.8 0.8 0.8 0.8
1.6 1.3 1.3 1.3 1.2 1.3
178 157 145 146 145 147
160 194 145 140 137 138
289
2016 2017 2018 2019
Function/Program
Public safety:
F i r e s t a t i o n s 7777
P o l i c e s t a t i o n s 4444
L i b r a r y ( # ) o f L o c a t i o n s 3333
Public works
Miles of streets 280 280 280 280
Street lights 8,543 9,000 9,000 9,000
Urban Forest (trees) (i) 35,620 35,782 36,231 36,499
Culture and recreation:
Community services:
C i t y p a r k s 5 55 55 55 5
City parks acreage 336.6 336.6 336.6 336.6
Open Space & Public Landscapes acreage 510.0 510.0 510.0 510.0 Lawn bowling 1111
Recreation centers 8888
Auditorium/Theater 1111
Gymnasiums 3333
Senior centers 2222
Head start centers/day cares 6666
Putting green 1111
Basketball courts 28 28 28 28
Swimming pools 2222
Tennis courts 20 20 20 20
Baseball/softball diamonds 26 26 26 26
Soccer/football fields 17 17 17 17
Cricket fields 2222
Water
Fire hydrants 3,153 3,153 3,153 3,153
Wastewater
Miles of sanitary sewers 183 183 183 230
Miles of storm sewers 310 310 310 310
Land Area (square miles) 33.7 33.7 33.7 33.7
Miles of waterfront 32 32 32 32
Source: City of Richmond
CITY OF RICHMOND
CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS - YEARS ENDED JUNE 30
290
2020 2021 2022 2023 2024 2025
777777
444111
333333
290 280 289 280 291 291
7,801 9,000 9,000 9,000 9,000 9,000
36,766 36,700 38,000 37,000 37,000 37,000
55 55 56 55 55 55
336.6 336.6 340.0 336.6 336.6 336.6
510.0 510.0 510.0 510.0 510.0 510.0
110000
888888
111111
332333
222222
666666
110000
28 28 28 28 28 28
222222
20 20 20 20 20 20
26 26 26 26 26 26
17 17 17 17 17 17
220000
3,153 3,153 2,163 2,787 2,207 2,204
189 194 194 194 194 194
198 310 173 310 173 173
33.7 33.7 33.7 33.7 13.5 13.5
32 32 32 32 32 32
291