City of Edmond Popular Annual Financial Report 2023

CITY OF

EDMOND OKL AHOMA A CIT Y ON THE MOVE

POPUL AR ANNUAL FINANCIAL REPORT FOR THE FISCAL YE AR ENDED JUNE 30, 2023

TABLE OF

CONTENTS Director’s Letter

2

City Council & Ward Map

4

Statement of Net Position

6

Change in Net Position

8

Pension/OPEB Liability

9

Edmond’s Sales Tax

10

Governmental Revenue Sources and Uses

11

Edmond’s Numbers

12

General Fund

14

Long-Term Debt

17

Economic Outlook

18

LETTER TO

EDMOND CITIZENS

Citizens of Edmond, As part of our continuous effort to keep you informed on the utilization of your tax dollars, we are pleased to present our Popular Annual Financial Report (PAFR) for the fiscal year ending June 30, 2023. This report is a condensed version of our Annual Comprehensive Financial Report (ACFR). Both reports are available on our website at EdmondOK.gov.

The details in the PAFR summarize our financial position based on the audited financial documents contained within the 2023 ACFR. The ACFR is prepared in accordance with generally accepted accounting principles (GAAP). This report is in summary form and excludes the City’s discretely presented component units which are the Edmond Economic Development Authority (EEDA), the Edmond Historical Preservation Trust (EHPT) and the Park Conservacy Trust (PCT).

The information included in this report is an overview of the City’s economic outlook, an analysis of the financial position of the City, and other key financial data. It provides analysis of the General Fund and discusses how money is received and spent. Additional detailed financial information on the operations of the City may be found in the ACFR. The City has two primary sources of revenue: utility services and transaction (sales & use) tax. In the fiscal year ending June 30, 2023, the City continues to see strong sales tax receipts year over year as our City maintained a steady growth in population. The City provides a wide range of municipal services, including police and fire protection, planning and zoning, street improvements and maintenance, parks, cultural events and general administrative services. The City operates enterprise funds for electric, water resources and solid waste management under the legal entity of the Edmond Public Works Authority (EPWA). EPWA is a public trust that was created under applicable Oklahoma statutes on October 6, 1970, with the City as the named beneficiary. EPWA’s financial operations are reported with the City’s financial statements.

2

Water improvements continue as outlined in the City of Edmond Water Master Plan located on the City website. The Master Plan is our road map to keep pace with the anticipated growth in our population and to continue to provide a safe water supply for Edmond residents. Infrastructure improvements continue at many of our major intersections with street widening and intelligent traffic light systems as we see steady growth in construction and population. Improvements and upgrades to our sports complexes, public golf facilities, public trails, park and recreation venues and downtown improvements are underway.

Thank you for taking interest in your local government. As you review the report, we invite you to share any questions, concerns or comments with us.

You may contact the Financial Services Department at (405) 359-4521, visit the City Manager’s office at 24 E. First Street in Edmond or contact us by email. Email addresses and further information is available at the City website: EdmondOK.gov.

Respectfully submitted,

Kathryn L. Panas, CPA Director of Finance

WICHITA

35

TULSA

EDMOND AMARILLO

44 40

OKLAHOMA CITY

35

FORTH WORTH

DALLAS

Nestled on historic Route 66 in central Oklahoma, Edmond covers approximately 87 square miles and is the third largest city in the Oklahoma City Combined Statistical Area (CSA). The City has adopted a charter and operates under a Council-Manager form of government.

The city features quiet suburban living with a central business district, major shopping and modern office areas, and hosts a multitude of recreational and cultural events throughout the year.

3

CITY OF EDMOND

WARD MAP Boulevard

Kelly

Santa Fe

Western

Pennsylvania

Waterloo B ro a

TRUSTWORTHY SERVICE T H R O U G H C O N T I N U O U S I M P R OV E M E N T

dwa y Ex

Sorghum Mill

te n s ion

OUR CORE VALUES Accountability We are responsible for our work, our words, and our actions.

Communication We value efforts to communicate with our customers in a caring, timely, professional manner.

Coffee Creek

Covell

WARD 4

Danforth

WARD 1 Edmond

Customer Service We provide service with courtesy, respect, dependability, flexibility, and timeliness.

15th

WARD 3

33rd

Inclusion We promote an inclusive work force and equitable services for our increasingly diverse community.

Memorial

Innovation We value innovation, creative thought, and the collaboration of ideas.

Integrity We value the spirit of integrity in all aspects of our working lives.

CITY OF EDMOND

COUNCIL

Professionalism We continue to seek growth, striving to be a learning organization.

Teamwork We encourage diversity of thinking, ideas, and responsibilities.

Darrel A. Davis Mayor | 2023–25 Darrell.Davis@EdmondOK.gov

4

Westminster

Post

Douglas

Midwest

Air Depot

Sooner

Coltrane

Bryant

I-35

WARD 2

Tom Robins

Barry K. Moore

Christin Mugg

Stacie A. Peterson

Council Member Ward 1 | 2023–27 Thomas.Robins@EdmondOK.gov

Council Member Ward 2 | 2023–27 Barry.Moore@EdmondOK.gov

Council Member Ward 3 | 2021–25 Christin.Mugg@EdmondOK.gov

Council Member Ward 4 | 2021–25 Stacie.Peterson@EdmondOK.gov

5

STATEMENT OF

NET POSITION

The governmental activities net position for fiscal year ending June 30, 2023, reflect an increase over prior year's net position.

The business-type activities also reflect an increase in net position. The full disclosed Statement of Net Position can be located in our ACFR located at EdmondOK.gov/Budget/Reports.

Unrestricted net position refers to all other net position that is not restricted or net investments in capital assets. This represents the amount of unexpended and available resources the City has in funds combined at a point in time to fund emergencies, shortfalls or other unexpected needs. This allows management to track the City’s financial position over time.

Governmental Activities

Business-Type Activities

202 3

2022

202 3

2022

202 3

2022

Current assets

$265 ,67 1

$ 1 6 7, 6 4 9

$286 ,826

$ 333 ,915

$552,497

$501, 56 4

Capital assets, net

404,657

3 8 3 ,7 1 3

664,883

554,334

2,927

20, 2 33

13,408

13, 253

16, 335

33,486

673,255

57 1, 595

9 6 5 ,1 1 7

9 01, 502

1,638, 372

1 , 47 3 , 0 9 7

Deferred Outflows

35,229

22, 572

5,566

2,272

4 0 ,7 9 5

25,344

Current liabilities

3 9 , 5 41

41 , 6 1 5

53,043

47, 5 2 8

92, 584

8 9 ,14 3

Non-current liabilities

2 1 1 ,14 9

95,234

380, 369

355,611

591, 518

450,845

Total liabilities

250,690

136 , 849

4 3 3 , 41 2

4 0 3 ,1 3 9

6 8 4 ,1 0 2

539,988

Deferred Inflows

5 , 5 74

45, 396

2, 372

5 ,1 1 2

7, 9 4 6

50, 508

373, 528

358,821

3 0 7, 2 6 6

299, 587

6 8 0 ,7 9 4

658,408

9 4 ,1 5 7

1 0 4 , 47 5

18,680

2 8 ,7 1 3

112,837

1 3 3 ,1 8 8

Unrestricted (deficit)

(15 ,465)

( 5 1 , 3 74)

208,953

1 6 7,7 2 3

193,4 88

116 , 349

Total net position

$452 ,220

$411 , 922

$534,899

$496,023

$ 9 8 7, 1 1 9

$ 9 0 7, 9 4 5

$ in Thousands

Other non-current assets Total assets

Totals

1,069, 540

9 3 8 , 0 47

Net assets Net Investment in capital assets Restricted

6

NET POSITION

UNRESTRICTED

( 15,465 ( $

governmental activities Sales tax, franchise fees, fines, state and federal grants finance most of the City's services.

General Administrative Services Fire Police Street Construction & Repair Park Maintenance

208,953

$

business -type activities

Income from utility services, public golf course and lake fees and operations, the cooperative purchasing program, and transit system operations finance business-type operations.

Electricity Water Drainage Wastewater This number represents the Unrestricted Net Position to pay for emergencies, shortfalls or other unexpected needs in both the Governmental and Business Type Activities for the fiscal year ended June 30, 2023. New reporting standards implemented in 2016 caused our Governmental Activities to report a negative in Unrestricted Net Position. For full disclosure, refer to our ACFR, Note 4 at EdmondOK.gov/Budget/Reports.

Solid Waste KickingBird Golf Course Arcadia Lake Transportation Services

7

CHANGE IN

NET POSITION 180,000

governmental activities * The City’s governmental activities’ increase in net position of $40.3 million represents 8% increase from the prior year’s change in net position and is primarily the result of an increase in operating grants and contributions, capital grants, investment income and intergovernmental revenue. In addition, expenses increased by 27%, due to the economic impact of the cost of commodities and an increase in funding to the city’s selfinsurance funds.

160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 -

2019

2020

notes The results indicate the City, as a whole, experienced an increase in total net position of $79 million which was a combination of revenues exceeding expenses. *Does not include transfers.

This summary report excludes transfers. Transfers are used to support Government services. For full disclosure see our ACFR note section 3.F Interfund Balances and Activities.

8

2022

Revenues

business -type activities * The business-type activities’ increase in net position of $38.9 million represents 132% increase from the prior year’s change in net position which is largely attributable to the increase in capital grants and contributions and transfers from other funds. Governmental activities transferred $4M to the business-type activities for the purchase of land for economic development. Developers contributed $6.4M of infrastructure. Expenses showed a slight increase of 10% due to changes in the local economy.

2021

2023

Expenses

250,000 200,000 150,000 100,000 50,000 -

2019

2020

2021

2022

Revenues

2023

Expenses

INCREASE IN TOTAL

$

NET POSITION

79

MILLION

A combination of overall expenses staying relatively in line with revenue collections.

PENSION/OPEB pension liability reported

Oklahoma Firefighters Pension and Retirement System reported: Liability of $ 5 3 , 6 3 9 , 41 3

As of June 30, 2023

Oklahoma Police Pension and Retirement System reported:

Liability of $ -

City of Edmond Employees’ Retirement System reported:

Liability of $ 3 2 , 9 6 5 , 3 6 5

changes in total opeb liability Balance at Beginning of Year

$ 8 ,7 3 3 ,7 1 1

Changes for the Year Service Cost

$ 49 2 , 6 4 5

Interest Expense

$326 ,613

Differences in Expected & Actual Experience

$ ( 6 8 1 ,7 76 )

Changes in Assumptions

$ ( 1 , 9 6 9 , 42 2)

Benefits Paid Net Changes

$ ( 249 , 3 2 3 ) $(2,081, 26 3)

Balances End of Year

$6,652 ,448

Sensitivity of the City's total OPEB Liability to changes in the discount rate The following presents the City’s total OPEB liability, as well as what the City’s total OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower (3.09 %) or 1-percentage-point higher (5.09 %) than the current discount rate:

employer ' s total opeb liability 1% Decrease (3.09%)

Current Discount Rate (4.09%)

1% Increase (5.09%)

$ 7, 3 1 8 , 6 4 3

$6,652 ,448

$6,060,960

9

EDMOND SALES TAX SUPPORTS CITY SERVICE

city services The City provides a wide range of municipal services, including police and fire protection, the construction and maintenance of highways, streets, and other infrastructure.

The City also provides electric, water, wastewater, drainage and solid waste services to its residents under the legal entity of the Edmond Public Works Authority (EPWA). The City also provides a multitude of recreational and cultural events through-out the year. The City’s Kickingbird Golf Course, Arcadia Lake and many City parks provides hours of entertainment to our citizens.

An ordinance passed and approved by the citizens of Edmond requires that 30% of General Fund revenues(defined as taxes, licenses and permits, fines and forfeitures, charges for services, interest and miscellaneous revenues) be used for funding fire department operations and that 36.8% of these same General Fund revenues be used for funding police department operations.

8.25

%

surrounding cities

8.85% 8.85% 8.625% 9.10% 8.50% 8.75%

Mustang Yukon Oklahoma City Midwest City Moore Norman

sales tax breakdown The State of Oklahoma tax rate is 4.5% and is added to the 3.75% City’s sales tax rate that is levied on all taxable sales within the City. It is recorded as follows:

Two cents recorded within the General Fund.

One eighth cent recorded as revenue within the Park Sales Tax Fund to account for operations and facility improvement costs of the City’s park and recreation system.

Three quarter cent recorded as revenue within the 2000 Capital Improvement Tax Fund to account for capital improvements as recommended to the City Council by the Capital Projects & Financing Task Force.

10

One quarter cent recorded as revenue within the Fire Public Safety Limited Tax Fund to account for improvements to the fire department per voter approval.

One eighth cent recorded as revenue within the Police Public Safety Limited Tax Fund to account for improvements to the police department per voter approval.

One half cent recorded as revenue within the 2017 Capital Improvement Tax Fund for various capital improvements.

This fund replaces the 2012 Public Safety Center Capital Improvements Tax Fund. This was voted on by our voters in April 2016 and will continue for 10 years.

MONEY COMES AND MONEY GOES where does the money come from ?

13%

governmental revenue by source

10%

Sales Tax Other Taxes

67%

7%

Charges for Service Grants Other

2%

2% 1%

where does the money go ? governmental activities uses

19%

Public Safety (Fire & Police) General Government Culture, Parks and Recreation

7%

58%

Streets and Highways Health and Welfare Interest on Long-Term Debt 13%

11

CITY OF EDMOND

TOP 3

98K+

2.0%

18%

468

IT’S OWN LARGEST UTILITY CUSTOMER

2023 CITY OF EDMOND POPULATION

SCHOOL ENROLLMENT INCREASE IN THE LAST TEN YEARS 12

EMPLOYERS

1. EDMOND PUBLIC SCHOOLS 2. UNIVERSITY OF CENTRAL OK 3. CITY OF EDMOND

UNEMPLOYMENT RATE

RESIDENTIAL CONSTRUCTION PERMITS ISSUED

497

16

5,478

9M

201

5,108

MILES OF STREETS CITY MAINTAINS

FIRE HYDRANTS

FIRES EXTINGUISHED

PUBLIC TRANSPORTATION VEHICLES

GALLONS OF WASTEWATER THAT WASTEWATER FACILITY CAN TREAT

ACRES OF PARKS AND RECREATION 13

FUND

GENERAL general fund revenues 2023

2022

2021

2020

2 01 9

Sales and Use Taxes

63,968, 567

59,850,895

5 4 , 0 24 , 0 9 6

4 8 , 9 3 9 ,74 6

46, 328, 395

Charges for Services*

6,932 , 325

6, 515,951

6 , 2 0 4 ,7 9 2

6 ,1 6 6 ,1 14

6 , 4 5 3 ,1 6 5

Fines and Forfeitures

1, 551,901

1 ,7 7 1 , 0 74

1, 260,602

1,653, 304

1 , 8 5 4 , 6 49

Franchise & Public Service Tax

2 , 2 0 5 , 470

2 ,1 5 6 ,1 5 1

2 , 0 2 7, 4 6 2

2,075 ,0 62

2 ,1 2 1 , 3 2 6

Intergovernmental

1 2 , 8 47, 0 3 1

2 ,1 0 4 , 2 5 1

2, 352,820

1 , 9 5 7, 0 3 3

1 ,7 9 3 , 5 3 0

1 , 8 4 3 , 3 76

1 , 9 0 8 ,1 78

1, 268, 2 30

1 , 6 2 5 ,1 1 0

1, 544,064

202 ,638

194,069

1 9 6 ,70 6

1 8 2 ,1 3 5

1 6 7, 3 0 3

( 1 2 5 , 8 41 )

( 78 , 0 2 2)

9,033

222,643

2 5 7,1 2 8

89,425,467

74 , 42 2 , 5 47

6 7, 3 4 3 ,741

6 2 , 8 2 1 ,147

60, 519, 560

Licenses and Permits Miscellaneous Investment Income

general fund expenditures 2023

2022

2021

2020

2 01 9

General Government

9 , 9 7 9 ,74 5

8 , 6 1 2 , 478

7, 4 4 6 , 2 6 7

6,818, 355

6 , 3 7 3 ,7 1 5

Public Safety

3 ,7 9 0 , 9 7 8

3 ,4 4 0,675

3, 529,081

2,958,977

3 , 01 5 , 6 2 7

Health and Sanitation

788 ,644

74 3 , 91 7

779, 538

7 2 9 , 41 8

710,882

Culture, Parks, and Recreation

4,916, 592

4,534,358

4 ,1 6 3 , 8 2 8

4, 212,845

4,088,628

Economic Development

-

2 0 ,142

Streets and Highways

7, 6 4 2 , 6 8 6

7, 0 6 8 , 9 3 2

1 8 , 3 1 7, 4 0 9

6,343,809

6 , 2 8 0 , 5 70

Capital Outlay

70 7, 3 4 8

1 , 2 5 0 ,1 6 2

1, 359,626

671,465

1 , 01 2 , 0 5 6

2 7, 8 2 5 , 9 9 3

2 5 , 6 70 , 6 6 4

3 5 , 5 9 5 ,749

2 1 ,7 3 4 , 8 6 9

2 1 , 4 8 1 , 478

*Per City ordinance, 30% of General Fund revenues are transferred and used for funding the Fire Department operations and 36.8 % of these same revenues will be used for funding Police Department operations. For more information, refer to Basic Financial Statements in ACFR, page 51. $70 M

notes The General Fund is the primary operating fund for City services. It is used for all activities except those legally or administratively required to be accounted for in other funds.

$60 M

$50 M

$40 M

$30 M

$20 M

$10 M

14 $0

Sales and Use Taxes All other Revenues 2019

2020

2021

2022

2023

GENERAL FUND EXPLANATION OF TERMS general fund revenues

general fund expenditures

Sales and Use Taxes Of the 3 3/4 cent sales tax on taxable sales within the City, 2 cents is recorded as revenue in the General Fund. Use tax is if you have purchased items for use in Oklahoma from retailers who do not collect Oklahoma sales tax, you owe Oklahoma use tax on those items. Use tax is paid by the buyer when the Oklahoma sales tax has not been collected by the seller. This includes purchases made from an out-of-state retailer whether by mail order, catalog, television shopping networks, radio, Internet, phone or in person.

General Government Includes city council, municipal court, planning, Downtown Community Center and airport maintenance and repairs.

Charges for Services Includes all revenues collected on services provided through the General Fund, such as planning filing fees, cemetery revenues, right of way, animal welfare welfare fees, 911 service fee, aquatic center admissions season passes, recreation program fees and other miscellaneious charges.

Fines and Forfeitures Includes all court fines and fees, and building code violations.

Franchise and Public Service Taxes Includes fees assessed for private use of public property.

Intergovernmental Activities of two or more governments including revenues such as alcoholic beverage tax, cigarette tax, county-property resale, grants, commercial vehicle tax, and gasoline excise tax.

Public Safety Expenditures within the funds that supports the safety of our citizens, such as police, fire, emergency management, and animal welfare.

Health and Welfare Includes code enforcement, family services, and social services.

Culture, Parks and Recreation Includes maintenance and administration of 26 parks/ playgrounds, pool, splash pad, sports fields, Festival Marketplace, recreation programs, Senior Center, Gracelawn Cemetery, and Edmond Historical Preservation and Trust.

Streets and Highways Street rehabilitation and resurfacing, and upkeep of the medians.

Capital Outlay Expenditures for assets that are intended to be held or used for a extended period of time. Includes land, land improvements, building, building improvements, machinery, equipment, and furniture and fixtures. Also includes infrastructure such as streets, sidewalks, culverts, curbs, roads and bridges.

Licenses and Permits Includes all permits and licenses required by the City including engineering inspections fees, occupational licenses, oil and gas feed, public safety revenues including plumbing, building, elecrical, heat/air, furniture stocking, fixture stocking, fire permits, miscellaneous permits, contractor registration, re-inspection fees, temporary certificate of occupancy, building inspection feed, sign permits, and commercial plan review fees.

Miscellaneous Items that are not covered by any of the aforementioned categories.

Investment Income Revenue earned from our investments portfolio.

15

GENERAL FUND UNASSIGNED FUND BALANCE notes The ‘unassigned’ fund balance is an indication of the amount of available resources the City has at a point in time to fund emergencies, shortfalls or other unexpected needs.

In this analysis, only the General Fund information is reported and is based on revenues. In our model, 10% is considered a minimum responsible level, while 30% is considered responsible.

As you can see by this chart, we have progressed and were able to exceed that 10% responsible level. We continue to strive toward the 30% level. See our complete disclosed information in our ACFR Basic Financial Statements.

16 14

1 3 .76%

1 3 . 0 6% 1 1 .7 3%

12 10 8 6 4

1. 50%

2 0% -2 -2 .1 6%

2019

2020

2021

2022

2023

GENERAL FUND UNASSIGNED FUND BALANCE

13.76

%

The City of Edmond's goal is to maintain a 10% balance on the General Fund Unassigned Fund Balance.

16

LONG-TERM

DEBT

business -t ype activities

governmental activities

totals

202 3

2022

202 3

2022

202 3

2022

% of Change

$ 5 ,7 2 7

$ 5 , 41 9

$ 1 ,0 41

$9 7 7

$ 6 ,76 8

$ 6 , 39 6

6%

815

147

0

0

81 5

147

4 5 4%

Revenue bonds*

6 , 420

9, 8 9 0

188,840

1 9 9,1 9 0

1 9 5 , 26 0

20 9,0 8 0

-7 %

Notes Payable

120, 6 8 5

42 , 3 2 3

161, 309

13 6 , 6 3 8

281 , 9 9 4

178 , 9 6 1

58%

Total (Thousands)

$ 13 3 , 6 47

$ 5 7,7 7 9

$ 3 5 1 ,1 9 0

$336,805

$484,837

$ 39 4 , 5 8 4

2 3%

Accrued absences Lease liability

revenue bonds payable : governmental activities * All bonds are secured by utility revenues and pledged sales tax

series sales sax &

original

original

final

utilit y system bonds

issue amount

date

maturit y

total

1 2 / 9 / 2 014

7/ 1 / 2 0 2 6

6 , 42 0

$ in Thousands

6 , 42 0

2 014 b

20, 280

revenue bonds payable : business -type activities * All bonds are secured by utility revenues

utilit y system

original

original

final

refunding bonds

issue amount

date

maturit y

total

2 01 6

41 ,7 9 5

7/ 5 / 2 01 6

7/ 1 / 2 0 4 6

3 7,1 5 5

2 01 7

1 6 7, 0 2 5

1 0 / 1 9 / 2 01 7

7/ 1 / 2 0 47

151,685

$ in Thousands

188,840

notes "At year-end, the City had $485 million in long-term debt outstanding which represents an increase of $90 million or 23% from the prior year.."

In 2017, the City issued series 2017 Sales and Utility Revenue Funding Bonds for $167 Million for construction of new Coffee Creek Water Resource Building to allow the City to serve expected growth for a 20 -year period and to satisfy permit requirements established by the Oklahoma Department of Environmental Quality.

See our complete disclosed information in our ACFR Notes Section 3E, Long-Term Debt.

17

ECONOMIC OUTLOOK FY19-23 GENERAL FUND’S SALES TAX | ACTUALS FY 19–20

4,300,000

JUL

AUG

SEP

OCT

FY 20–21 NOV

D EC

4,100,000

3,900,000

3,700,000

3,500,000

3,300,000

3,100,000

2,900,000

2,700,000

notes This chart reflects the actual amount of sales tax for the General Fund received for the last 4 fiscal years ending June 30, 2023. Sales tax collections for FY 22-23 were up, ending the fiscal year at an overall net increase of 6.34% over the prior year. YTD collections (through December 2023) for FY 23-24 are up from FY 22-23 by 0.57%.

18

FY 21–22 JA N

F EB

FY 22–23 MAR

A PR

M AY

JUN

OUTSTANDING

ACHIEVEMENT

The Government Finance Officers Association of the United States and Canada (GFOA) has given an Award for Outstanding Achievement in Popular Annual Financial Reporting to the City of Edmond, Oklahoma for its Popular Annual Financial Report for the fiscal year ended June 30, 2022 . The Government Finance Officers Association

Award for Outstanding Achievement in Popular Annual Financial Reporting

Award for Outstanding Achievement in Popular Annual Financial Reporting is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government popular reports.

In order to receive an Award for Outstanding Achievement in Popular Annual Financial Reporting, a government unit must publish a Popular Annual Financial Report, whose contents conform to program standards of creativity, presentation, understandability and reader appeal.

Presented to

City of Edmond Oklahoma For its Annual Financial Report For the Fiscal Year Ended June 30, 2022

An Award for Outstanding Achievement in Popular Annual Financial Reporting is valid for a period of one year. City of Edmond, Oklahoma has received a Popular Award for the last twelve consecutive years (fiscal years ended 2010–2022). We believe our current report continues to conform to the Popular Annual Financial Reporting requirements, and we are submitting it to GFOA.

Executive Director/CEO

19

2023 CITIZEN'S REPORT CIT Y OF EDMOND, OKLAHOMA FISCAL YEAR ENDING JUNE 30, 2023 2824 PROGRESSIVE DRIVE EDMOND, OKLAHOMA 73034 (405) 359 – 4521 • EDMONDOK.GOV