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CITY OF EDMOND, OKLAHOMA ANNUAL COMPREHENSIVE FINANCIAL REPORT AND ACCOMPANYING INDEPENDENT AUDITOR’S REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2025

Prepared by: Finance Department Kathy Panas Finance Director

CITY OF EDMOND, OKLAHOMA ANNUAL COMPREHENSIVE FINANCIAL REPORT AND ACCOMPANYING INDEPENDENT AUDITOR’S REPORT For the fiscal year ended June 30, 2025 TABLE OF CONTENTS

Page INTRODUCTION SECTION: Letter of Transmittal

1-5

List of Principal Officials

City Governmental Organization Chart

Certificate of Achievement for Excellence in Financial Reporting

FINANCIAL SECTION: INDEPENDENT AUDITOR’S REPORT

9-11

MANAGEMENT DISCUSSION AND ANALYSIS

13-27

BASIC FINANCIAL STATEMENTS: Statement of Net Position

Statement of Activities

Balance Sheet – Governmental Funds

31-32

Statement of Revenues, Expenditures and Changes In Fund Balance – Governmental Funds

33-34

Statement of Net Position – Proprietary Funds

Statement of Revenues, Expenses and Changes In Fund Net Position– Proprietary Funds

Statement of Cash Flows – Proprietary Funds

Statement of Fiduciary Net Position – Fiduciary Funds

Statement of Changes in Fiduciary Net Position – Fiduciary Funds

Notes to Basic Financial Statements

41-90

CITY OF EDMOND, OKLAHOMA ANNUAL COMPREHENSIVE FINANCIAL REPORT AND ACCOMPANYING INDEPENDENT AUDITOR’S REPORT For the fiscal year ended June 30, 2025 TABLE OF CONTENTS Page REQUIRED SUPPLEMENTARY INFORMATION: Budgetary Comparison Schedule –(Non-GAAP Budgetary Basis) - General Fund

91-93

Budgetary Comparison Schedule- (Non-GAAP Budgetary Basis) – Major Special Revenue Funds

94-95

Notes to Budgetary Comparison Schedules

96-97

Schedule of Share of Net Pension Liability (Asset) – Police Pension & Schedule of City Contributions – Police Pension & Retirement System

Schedule of Share of Net Pension Liability – Firefighter’s System & Schedule of City Contributions – Firefighter’s Pension & Retirement

Single-Employer Defined Benefit Schedule of Changes in Net Pension Liability and Related Ratios

100

Pension Fund Schedule of City’s Contributions-Last Ten Years

101

Pension Fund Schedule of Investment Returns

102

OPEB Schedule

103

OTHER SUPPLEMENTARY INFORMATION: GENERAL FUND COMBINING SCHEDULES: General Fund Account Descriptions

105

Combining Balance Sheet – General Fund Accounts

106

Combining Schedule of Revenues, Expenditures and Changes in Fund Balance – General Fund Accounts

107

Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Non-GAAP Budgetary Basis) – General Fund Accounts

108-109

NONMAJOR GOVERNMENTAL FUNDS: Fund Descriptions

110-111

Combining Balance Sheet – Nonmajor Governmental Funds

112-113

Combining Statement of Revenues, Expenditures and Changes in Fund Balance – Nonmajor Governmental Funds

114-115

CITY OF EDMOND, OKLAHOMA ANNUAL COMPREHENSIVE FINANCIAL REPORT AND ACCOMPANYING INDEPENDENT AUDITOR’S REPORT For the fiscal year ended June 30, 2025 TABLE OF CONTENTS Page Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Non-GAAP Budgetary Basis) - Nonmajor Governmental Funds

114-127

Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Non-GAAP Budgetary Basis) - Major Governmental Capital Project Funds

128

ENTERPRISE FUNDS: Fund Descriptions

129

Combining Statement of Net Position – Nonmajor Enterprise Funds

130

Combining Statement of Revenues, Expenses and Changes In Fund Net Position – Nonmajor Enterprise Funds

131

Combining Statement of Cash Flows – Nonmajor Enterprise Funds

132

Fund Descriptions

133

Combining Schedule of Net Position – EPWA Major Enterprise Fund

134

Combining Schedule of Revenues, Expenses and Changes In Fund Net Position – EPWA Major Enterprise Fund

135

Combining Schedule of Cash Flows – EPWA Major Enterprise Fund

136

INTERNAL SERVICE FUNDS: Fund Descriptions

137

Combining Statement of Net Position - Internal Service Funds

138

Combining Statement of Revenues, Expenses and Changes in Fund Net Position – Internal Service Funds

139

Combining Statement of Cash Flows – Internal Service Funds

140

DISCRETELY PRESENTED COMPONENT UNIT: Fund Description

141

Balance Sheet – Discretely Presented Component Unit

142

Statement of Revenues, Expenditures, and Changes in Fund Balance – Discretely Presented Component Unit

143

iii

CITY OF EDMOND, OKLAHOMA ANNUAL COMPREHENSIVE FINANCIAL REPORT AND ACCOMPANYING INDEPENDENT AUDITOR’S REPORT For the fiscal year ended June 30, 2025 TABLE OF CONTENTS STATISTICAL SECTION:

Table

Statistical Section Narrative

Page 145

Net Position by Component - Last Ten Fiscal Years

146

Changes in Net Position - Last Ten Fiscal Years

147-148

Fund Balances, Governmental Funds – Last Ten Fiscal Years

149

Changes in Fund Balances, Governmental Funds – Last Ten Fiscal Years

150

Governmental Activities Tax Revenues by Source – Last Ten Fiscal Years

151

Electricity Revenue by Customer Type - Last Ten Fiscal Years

152

Top Ten Electric Customers – Last Ten Years

153

Electricity Rates – Last Ten Fiscal Years

154-158

Historical Utility Customers – Last Ten Fiscal Years

159

Largest Water and Wastewater Customers

160-161

Sales Tax Rates of Direct and Overlapping Governments – Last Ten Fiscal Years

162

Taxable Sales by Category - Last Ten Fiscal Years

163

Monthly Sales Tax Revenue Comparison – Last Nine Fiscal Years

164

Historical Sales Tax Revenue – Last Ten Fiscal Years

165

Ratio for Outstanding Debt by Type – Last Ten Fiscal Years

166

Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt per Capita – Last Ten Fiscal Years

167

CITY OF EDMOND, OKLAHOMA ANNUAL COMPREHENSIVE FINANCIAL REPORT AND ACCOMPANYING INDEPENDENT AUDITOR’S REPORT For the fiscal year ended June 30, 2025 TABLE OF CONTENTS

STATISTICAL SECTION:

Table

Page

Computation of Direct and Overlapping Debt

168

Legal Debt Margin Information – Last Ten Fiscal Years

169

The Edmond Public Works Authority Utility Systems Division Pledged Revenue Coverage – Last Ten Fiscal Years

170

Demographic and Economic Statistics – Last Ten Calendar Years

171

Principal Employers – Current and Ten Years Ago

172

Full-Time Equivalent Budgeted City Government Employees by Function/Program – Last Ten Fiscal Years

173

Capital Asset Statistics by Function/Program – Last Ten Fiscal Years

174

Operation Indicators by Function/Program – Last Ten Fiscal Years

175

Construction Permits – Last Ten Fiscal Years

176

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INTRODUCTION SECTION

J;amona

GREAT

PLACE TO

G R OW

December 22, 2025 Mayor Nash The Edmond City Council, and Citizens of Edmond, Oklahoma:

We are pleased to provide the Annual Comprehensive Financial Report (ACFR) of the City of Edmond for the fiscal year ended June 30, 2025. This report is published annually as the official annual financial report as mandated by the city charter and state statutes. Within six months of the close of each fiscal year, the City is required to publish a complete set of financial statements presented in conformance with generally accepted accounting principles (GAAP) and audited by licensed certified public accountants (CPAs) in accordance with generally accepted auditing standards (GAAS) and Government Auditing Standards (GAS). The Finance Department of the City is responsible for both the accuracy of the data and the completeness and fairness of the presentation, including all related disclosures. The City operates under a system of comprehensive internal controls designed to safeguard city assets and compile reliable financial records. The definition of accounting control assumes reasonable, but not absolute assurance that the financial statements will be free from material misstatement. The concept of reasonable assurance recognizes that the cost of internal control should not exceed the benefits expected to be derived from those controls. We believe the information, as presented, is accurate in all material respects and is reported in a manner that presents fairly the financial position and results of operations of the various funds and component units of the City of Edmond. Disclosures necessary to enable the reader to gain an understanding of the City of Edmond's activities have been included. The City's financial statements have been audited by the licensed CPA firm of HSPG & Associates, PC in accordance with GAAS and GAS to provide reasonable assurance that the financial statements of the City are free of material misstatement. The independent auditor's report includes the auditor's opinion with respect to the City's financial statements and is presented as the first component of the financial section of this report. In addition to the independent audit of the financial statements, the City is required to undergo an annual single audit in conformity with the provisions of the Office of Management and Budget's (OMBs) Uniform Guidance. This guidance is an authoritative set of rules and requirements for Federal awards. It requires the auditor to report on the government's internal controls and compliance in the administration of major federal grant awards received by the city. These reports are designed to meet the special needs of federal grantor agencies and are available in the City of Edmond's separately issued Single Audit Report. GAAP requires City management to provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management's Discussion and Analysis (MD&A). This transmittal letter is designed to complement the MD&A and should be read in conjunction with it. The City's MD&A can be found immediately following the report of the independent auditors.

The City of Edmond • P.O. Box 2970 • Edmond, OK 73083-2970 • EdmondOK.gov

CITY OF EDMOND, OKLAHOMA PRINCIPAL OFFICIALS AND FINANCE COMMITTEE MEMBERS ELECTED OFFICIALS Mark A. Nash

Mayor

Mayor@edmondok.gov

Councilmember-Ward 1

Ward1@edmondok.gov

Barry K. Moore

Councilmember-Ward 2 Mayor ProTem

Ward2@edmondok.gov

Preston Watterson

Councilmember-Ward 3

Ward3@edmondok.gov

Phil Fraim

Councilmember-Ward 4

Ward4@edmondok.gov

Maggie Murdock Nichols

FINANCE COMMITTEE MEMBERS Ross VanderHamm

Chairperson

Ross.VanderHamm@edmondok.gov

Mark Nash

Member

Mayor@edmondok.gov

Preston Watterson

Member

Ward3@edmondok.gov

ADMINISTRATION Randy Entz

Interim City Manager

Randy.Entz@edmondok.gov

Madeline Sawyer

City Attorney

Madeline.Sawyer@edmondok.gov

Ross VanderHamm

City Treasurer

Ross.VanderHamm@edmondok.gov

Andy Conyers

Asst. City Manager-Administration

Andy.Conyers@edmondok.gov

Randy Entz

Asst. City Manager-Development Serv.

Randy.Entz@edmondok.gov

Kory Atcuson-Coley

City Clerk

Kory.Atcuson-Coley@edmondok.gov

Terry Essary

Fire Chief

Terry.Essary@edmondok.gov

J.D. Younger

Police Chief

JD.Younger@edmondok.gov

Caroline Pierce

Human Resource Director

Caroline.Pierce@edmondok.gov

Diane L. Slayton

Municipal Judge

Diane.Slayton@edmondok.gov

FINANCE STAFF Kathy Panas

Finance Director

Kathy.Panas@edmondok.gov

Sheila Briesch

Controller

Sheila.Briesch@edmondok.gov

Citizens Mayor & City Council

Municipal Judges

City Manager

City Attorney

Assistant to Mayor & Council

Authorities & Trusts

Boards & Commissions

Risk Management Assistant City Manager Development Services

Emergency Communications & Emergency Mgmt

Finance

Water Resources

Police

Fire

City Clerk

Assistant City Manager Administration

Animal Welfare

Building & Fire Code Services

Parks & Rec

Purchasing

Municipal Court

Arcadia Lake Senior Center

Engineering

Golf Planning

Urban Forestry Park Maint. (Cemetery)

Human Resources (Training, Benefits, Payroll)

Electric

Field Services

Marketing/PR

Housing & Community Resources (CDBG)

Meter Services/ Utility Field Services

Public Works

Management Services

Visit Edmond

Recreation

Public Woks Admin

Economic Development Program Manager

Traffic Control Code Enforcement Street and Water/ WW Line Maint.

Vehicle Maint. Facility Maint. Solid Waste

Page 1

Government Finance Officers Association

Certificate of Achievement for Excellence in Financial Reporting Presented to

City of Edmond Oklahoma For its Annual Comprehensive Financial Report For the Fiscal Year Ended June 30, 2024

Executive Director/CEO

INTRODUCTION SECTION

INDEPENDENT AUDITOR’S REPORT To the Honorable Mayor and Members of the City Council City of Edmond, Oklahoma Report on the Audit of the Financial Statements Opinions We have audited the accompanying financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City of Edmond, Oklahoma (the “City”), as of and for the year ended June 30, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2025, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City, and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Emphasis of Matter As discussed in Note 3.H to the financial statements, the opening balances have been restated to reflect the City’s adoption of Governmental Accounting Standards Board Statement No. 101, Compensated absences, and a change in accounting principle to exclude the portion of bond issuances that mature shortly after year-end from the fund level financial statements. Our opinion is not modified with respect to this matter. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we: •

Exercise professional judgment and maintain professional skepticism throughout the audit.

•

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

•

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed.

•

Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

•

Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit. Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison information, and the pension plan and other postemployment benefit schedules, as listed in the table of contents, be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The combining and individual fund financial statements and budgetary comparison information are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual fund financial statements and budgetary comparison information are fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other Information Management is responsible for the other information included in the annual report. The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditor’s report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 22, 2025, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

December 22, 2025

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MANAGEMENT’S DISCUSSION AND ANALYSIS

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

Our discussion and analysis of the City of Edmond’s financial performance provides an overview of the City’s financial activities for the fiscal year ended June 30, 2025. Please read it in conjunction with the City’s financial statements, which follow this section. FINANCIAL HIGHLIGHTS  For the fiscal year ended June 30, 2025, the City’s total net position increased by $63 million.  The City recorded combined net pension liabilities of $92.8 million for the year related to the Oklahoma Police Pension and Retirement System, the Oklahoma Fire Fighters Pension and Retirement System and the City’s Employee Pension and Retirement System.  During the year, the City’s expenses for governmental activities were $150 million and were funded by program revenues of $33.2 million and further funded with taxes and other general revenues that totaled $120.8 million.  In the City’s business-type activities, such as utilities, lake, golf course, and transportation operations, program revenues exceeded expenses by $43.4 million.  At June 30, 2025, the General Fund reported an unassigned fund balance of $3.5 million.  The City implemented GASB Statement 101, Compensated Absences. Implementation resulted in the restatement of beginning net position. OVERVIEW OF THE FINANCIAL STATEMENTS The financial statements presented herein include all of the activities of the City of Edmond (the “City”) and its component units using the integrated approach as prescribed by GASB Statements No. 14, 34, 39, and 61. Included in this report are governmental-wide statements for each of two categories of activities – governmental and business-type, along with three discretely-presented component units. The government wide financial statements present the complete financial picture of the City from the economic resources measurement focus using the accrual basis of accounting. They present governmental activities and business type activities separately and combined. These statements include all assets of the City (including infrastructure capital assets) and deferred outflows as well as all liabilities (including all long-term debt) and deferred inflows. Reporting the City as a Whole The Statement of Net Position and the Statement of Activities One of the most frequently asked questions about the City’s finances is, “Has the City’s overall financial condition improved, declined or remained steady over the past year?” The Statement of Net Position and the Statement of Activities report information about the City as a whole and about its activities in a way that helps answer this question. These statements include all assets, deferred outflows, liabilities, and deferred inflows using the accrual basis of accounting, which is similar to the accounting used by the private-sector companies. All the current period’s revenues and expenses are taken into account regardless of when cash is received or paid. These two government-wide statements report the City’s net position and changes in them from the prior year. You can think of the City’s net position – the difference between assets, deferred outflows, liabilities, and deferred inflows – as one way to measure the City’s financial condition. Over time, increases or decreases in the City’s net position are one indicator of whether its financial health is improving, deteriorating, or remaining steady. However, you must consider other nonfinancial factors, such as changes

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

in the City’s sales tax base, the condition of the City’s roads, and the quality of services to assess the overall health and performance of the City. As mentioned above, in the Statement of Net Position and the Statement of Activities, we divide the City into three kinds of activities: 

Governmental activities -- Most of the City’s basic services are reported here, including the police, fire, general administration, streets, and parks. Sales taxes, franchise fees, fines, and state and federal grants finance most of these activities.



Business-type activities -- The City charges a fee to customers to help cover all or most of the cost of certain services it provides. The City’s electric, water, wastewater, sanitation, lake, drainage, and golf course activities are reported here.



Discretely-presented component units – These account for activities of the City’s reporting entity that do not meet the criteria for blending, specifically the Historic Preservation Trust, Park Conservancy Trust and the Edmond Economic Development Authority.

Reporting the City’s Most Significant Funds Fund Financial Statements The fund financial statements provide detailed information about the most significant funds – not the City as a whole. Some funds are required to be established by State law and by bond covenants. However, management establishes many other funds to help it control and manage money for particular purposes or to show that it is meeting legal responsibilities for using certain taxes, grants and other money. The City’s three fund categories-governmental, proprietary, and fiduciary use different accounting approaches. Governmental funds - Most of the City’s basic services are reported in governmental funds, which focus on how money flows into and out of those funds and the balances left at year-end that are available for spending. These funds are reported using an accounting method called modified accrual accounting, which measures cash and all other financial assets that can readily be converted to cash. The governmental fund statements provide a detailed short-term view of the City’s general government operations and the basic service it provides. Governmental fund information helps determine whether there are more or fewer financial resources that can be spent in the near future to finance the City’s programs. We illustrate the relationship (or differences) between governmental activities (reported in the Statement of Net Position and the Statement of Activities) and the governmental funds with reconciliation at the bottom of the fund financial statements. Proprietary funds - When the City charges customers for the services it provides – whether to outside customers or to other units of the City – these services are generally reported in proprietary funds. Proprietary funds are reported in the same way that all activities are reported in the Statement of Net Position, the Statement of Revenues, Expenses and Changes in Fund Net Position and Statement of Cash Flows. In fact, the City’s enterprise funds are essentially the same as the business-type activities reported in the government-wide statements but provide more detail and additional information, such as cash flows. Fiduciary funds - When the City is responsible for assets that – because of a trust arrangement or other fiduciary requirement – can be used only for trust beneficiaries or other parties, these activities are reported

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

as fiduciary funds, such as the Employee Retirement Trust Fund. The City is responsible for ensuring that the assets reported in these funds are used for their intended purpose. The City’s fiduciary activities are reported in a separate statement of fiduciary net position and a statement of changes in fiduciary net position. We exclude these activities from the City’s government-wide financial statements because the City cannot use these assets to finance operations. A FINANCIAL ANALYSIS OF THE CITY AS A WHOLE Net Position As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. In the case of the City, assets and deferred outflows exceeded liabilities and deferred inflows by $1,144,722,407 at the close of the most recent fiscal year. TABLE 1 NET POSITION (In Thousands)

Governmental Activities 2025 Current assets Capital assets, net Other non-current assets Total assets

197,613 490,670 1,748 690,031

% Inc. (Dec.)

Business-Type Activities

2024* $

251,061 425,022 2,630 678,713

2025 -21% 15% -34% 2%

442,132 876,705 13,633 1,332,470

% Inc. (Dec.)

2024*

2025

$ 309,383 783,767 13,375 1,106,525

43% 12% 2% 20%

% Inc. (Dec.)

Total

639,745 1,367,375 15,381 2,022,501

2024* $

560,444 1,208,789 16,005 1,785,238

14% 13% -4% 13%

Deferred Outflows

33,868

31,372

2,991

4,062

-26%

36,859

35,434

Current liabilities Non-current liabilities Total liabilities

46,893 210,687 257,580

37,156 203,880 241,036

26% 3% 7%

78,753 567,418 646,171

68,263 411,054 479,317

15% 38% 35%

125,646 778,105 903,751

105,419 614,934 720,353

19% 27% 25%

7,499

7,215

3,388

2,246

51%

10,887

9,461

15%

408,805 80,212 (30,197)

382,941 88,485 (9,592)

7% -9% 215%

409,152 20,779 255,971

394,869 28,507 205,648

4% -27% 24%

817,957 100,991 225,774

777,810 116,992 196,056

5% -14% 15%

461,834

-1%

685,902

$ 629,024

$ 1,144,722

$ 1,090,858

Deferred Inflows Net position Net investment in capital assets Restricted Unrestricted (deficit) Total net position

458,820

* Fiscal year 2024 was not restated for the implentation of GASB Statement 101

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

Net Position (in Thousands) $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Governmental $287,017 $302,954 $321,689 $339,959 $367,967 $374,465 $411,922 $452,220 $455,059 $458,820 Business Type $313,588 $349,994 $383,776 $415,477 $448,790 $479,246 $496,023 $534,899 $627,031 $685,902

The largest portion of the City’s net position reflects its net investment in capital assets (e.g., land, buildings, machinery, and equipment); less any related debt used to acquire those assets that is outstanding. For 2025, this net investment in capital assets amounted to $817,957,592. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. A major portion of the City’s net position, $100,991,071, also represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position, $225,773,744, may be used to meet the government’s ongoing obligations to citizens and creditors. At the end of the current fiscal year, the City reports positive balances in all categories of net position, both for the government as a whole, as well as for its separate governmental and business-type activities with the exception of governmental unrestricted net position which had a deficit balance of $30,197,457, due in large part to the City’s share of the unfunded net pension liability of the State Firefighter’s Pension System, which now stands at $57.5 million. Changes in Net Position For the year ended June 30, 2025, net position of the primary government changed as follows:

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

TABLE 2 CHANGES IN NET POSITION (In Thousands)

Governmental Activities 2025 Revenues Program revenue: Charges for service Operating grants and contributions Capital grants and contributions General Revenue: Taxes Intergovernmental revenue Investment income Miscellaneous

14,433 11,667 7,051

% Inc. (Dec.)

Business-Type Activities

2024*

2025

13,139 9,167 12,777

10% 27% -45%

107,241 3,888 8,036 984

108,187 6,465 10,766 4,668

% Inc. (Dec.)

2024*

2025

196,152 1,519 15,352

$ 195,896 1,643 23,136

0% -8% -34%

-1% -40% -25% -79%

16,142 -

12,267 -

32% 0%

210,585 13,186 22,403

2024*

209,035 10,810 35,913

1% 22% -38%

107,241 3,888 24,178 984

108,187 6,465 23,033 4,668

-1% -40% 5% -79%

-2%

382,465

398,111

-4%

15,386 72,702 23,046 9,820 1,809 4,248 95,006 30,343 21,958 10,776 2,126 1,288 2,501 130 3,234

6% 26% 10% 13% 1% -4% -6% 24% -7% -1% 5% 13% 51% -58% 13%

294,373 103,738 103,738 987,120 1,090,858

9% -40% -40% 10% 5%

Total Revenues

153,300

165,169

-7%

229,165

232,942

Expenses General Government Public Safety Streets & highways Culture, parks and recreation Health and welfare Interest on long-term debt Electric Water Wastewater Sanitation Lake Drainage Golf Course Cooperative purchasing service Transportation operations

16,326 91,665 25,279 11,060 1,819 4,074 -

15,386 72,702 23,046 9,820 1,809 4,248 -

6% 26% 10% 13% 1% -4%

89,606 37,762 20,444 10,644 2,224 1,451 3,778 54 3,647

95,006 30,343 21,958 10,776 2,126 1,288 2,501 130 3,234

-6% 24% -7% -1% 5% 13% 51% -58% 13%

16,326 91,665 25,279 11,060 1,819 4,074 89,606 37,762 20,444 10,644 2,224 1,451 3,778 54 3,647

Total Expenses Excess before transfers Transfers Increase in net position Beginning net position, restated Ending net position

150,223 3,077 684 3,761 455,059 $ 458,820

127,011 38,158 (26,545) 11,613 450,221 $ 461,834

18% -92% -103% -68% 1% -1%

169,610 59,555 (684) 58,871 627,031 685,902

167,362 65,580 26,545 92,125 536,899 $ 629,024

1% -9% -103% -36% 17% 9%

319,833 62,632 62,632 1,082,090 $ 1,144,722

% Inc. (Dec.)

Total

* Fiscal year 2024 was not restated for the implentation of GASB Statement 101

The results indicate the City, as a whole, experienced an increase in total net position of $62.6 million which was the result of revenues exceeding expenses. The City’s governmental activities’ increase in net position of $3.8 million represents a 68% decrease from the prior year’s change in net position and is primarily the result of no major changes in taxes or charges for services. Major changes in revenues related to the decrease in miscellaneous revenue due to opioid revenues received in the prior year, donated capital related to streets and highways decreasing from FY24 to FY25, and a slight decrease in investment revenue and change in fair value of investments. In addition, expenses increased by 18% due to the economic impact of the cost of commodities and an increase in pension-related expenses due to changes in the pension liabilities. In addition, transfers to other funds decreased 103%. The business-type activities’ increase in net position of $58.9 million represents a 9% decrease from the prior year’s change in net position which is largely attributable to the decrease in capital grants and contributions, increase in investment income, and decrease in transfers from other funds. Developers contributed $5.3M of infrastructure. Capital grants of $10 million were received and expensed for the water operation. Expenses showed a slight decrease of 1% due to changes in the local economy.

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

Governmental Activities To aid in the understanding of the Statement of Activities some additional explanation is given. Of particular interest is the format that is significantly different than a typical Statement of Revenues, Expenses, and Changes in Net Position. You will notice that expenses are listed in the first column with revenues from that particular program reported to the right. The result is a Net (Expense)/Revenue. The reason for this kind of format is to highlight the relative financial burden of each of the functions on the City’s taxpayers. It also identifies how much each function draws from the general revenues or if it is selffinancing through fees and grants or contributions. All other governmental revenues are reported as general. It is important to note that all taxes are classified as general revenue even if restricted for a specific purpose. For the year ended June 30, 2025, the City’s governmental activities were funded as follows:

Governmental Activities Uses 1%

3% Public Safety

17%

General Government Culture, parks and recreation

7% 11%

61%

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

Governmental Activities Sources 14% Sales Tax Other Taxes

11%

Charges for Service 9%

64%

Grants Other

$14.4 million from charges for services. Governmental-type Activities

For the year ended June 30, 2025, total expenses for governmental activities amounted to $150 million. Of these total expenses, taxes and other general revenues funded $120.5 million, while those directly benefiting from the program funded $18.7 million in grants and other contributions and

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

General Government Public Safety Streets & Highways Culture, parks and recreation Health and Welfare Interest on long-term debt TOTAL

TABLE 3 Net Revenue (Expense) of Governmental Activities (In Thousands) Net Revenue (Expense) of % Inc. Total Expense of Services Services (Dec.) 2025 2024* 2025 2024* $ 16,326 $ 15,386 6% $ (4,671) $ (4,088) 91,665 72,702 26% (80,708) (63,564) 25,279 23,046 10% (16,066) (9,612) 11,060 9,820 13% (10,673) (9,512) 1,819 1,809 1% (880) (905) 4,074 4,248 -4% (4,074) (4,247) $ 150,223 $ 127,011 18% $ (117,072) $ (91,928)

% Inc. (Dec.) 14% 27% 67% 12% -3% -4% 27%

* Fiscal year 2024 was not restated for the implentation of GASB Statement 101

Business-type Activities

Electric Water Wastewater Sanitation Lake Drainage Golf Cooperative purchasing services Transportation TOTAL

TABLE 4 Net Revenue (Expense) of Business-Type Activities (In Thousands) % Inc. Net Revenue (Expense) of (Dec.) Total Expense of Services Services 2025 2024 2025 2024 $ 89,606 $ 95,006 -6% $ 12,145 $ 10,618 37,762 30,343 24% 22,002 32,725 20,444 21,958 -7% 9,209 8,695 10,644 10,776 -1% 1,591 1,171 2,224 2,126 5% (769) (395) 1,451 1,288 13% 1,665 670 3,778 2,501 51% (302) 1,124 54 130 -58% 88 29 3,647 3,234 13% (2,216) (1,324) $ 169,610 $ 167,362 1% $ 43,413 $ 53,313

% Inc. (Dec.) 14% -33% 6% 36% 95% 149% -127% 203% 67% -19%

* Fiscal year 2024 was not restated for the implentation of GASB Statement 101

The City’s business-type activities include utility services, lake and golf course operations, the cooperative purchasing program, and operations of the transit system. Total business-type activities reported net revenues of $43.4 million for the year ended June 30, 2025. In addition, all individual activities reported net revenue for the year with the exception of lake, golf and transportation operations. A FINANCIAL ANALYSIS OF THE CITY’S FUNDS As the City completed its 2025 fiscal year, the governmental funds reported a combined total fund balance of $132 million or a 30% decrease from 2024. The enterprise funds reported combined total net position of $669.6 million or a 9.57% increase from 2024. The fund balance constraints and net position restrictions are listed below:

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

Governmental Funds: Fund Balance: Nonspendable Restricted Committed Assigned

326 115,864,206 570,288 14,518,675

Total Fund Balance Constraints Enterprise Funds: Net Position Restrictions: Restricted for debt service $ 20,778,596 Restricted for scholarships 2,133 Restricted for economic development 10,282,035 Total Enterprise Fund Net Position Restrictions

130,953,495

31,062,764

Other fund highlights include:  For the year ended June 30, 2025, the General Fund’s total fund balance decreased by $4.0 million due to transfers to other funds for operations and projects of $73 million, a slight increase in expenses due to the current economy, and a decrease in revenues due to one-time FEMA funds being received in the prior year. In addition, sales and use tax decreased $0.5 million.  The 2000 Capital Improvement Tax Fund’s total fund balance decreased by $47.1 million due to construction and capital projects and the purchase of capital funded with debt proceeds from the prior year and restricted sales and use tax.  The Fire Public Safety Limited Tax Fund’s total fund balance decreased by $7.9 million due to a slight increase in operational expenses and a decrease in transfers from other funds.  The Police Public Safety Limited Tax Fund’s total fund balance decreased by $1.9 million due to a decrease in operational transfers and an increase in operational cost.  All enterprise funds reported an increase in net position, after transfers, for the year ended June 30, 2025, except for the Golf Fund. In each of the enterprise funds, charges for services covered operational costs except for CityLink, Golf and Lake, which relied on operational transfers to help with covering operational costs.  The employee pension trust fund posted an increase in net position of the fund of $11.9 million. The increase is mostly due to an increase in the investment yields in the market. General Fund Budgetary Highlights Over the course of the year, the City Council revised the General Fund budget various times. Actual revenues and transfers were below final estimates by $2,457,474 or 2.38%. Revenues were under budget mainly due to sales tax projections being $5.8M more than actual. Actual expenses and transfers were below final estimates by $4,948,870 or 4.50%, due to operational cost being below budget.

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

CAPITAL ASSET AND DEBT ADMINISTRATION Capital Assets At the end of June 30, 2025, the City had $1.4 billion invested in capital assets, net of depreciation, including police and fire equipment, buildings, park facilities, water lines and sewer lines. (See table below). This represents a net increase of $158 million or 13% over last year. TABLE 5 Primary Government Capital Assets (In Thousands) (Net of accumulated depreciation) Governmental Activities

Land Buildings Imp. Other than buildings Equipment Intangible water rights Intangible buildings Intangible equipment Intangible SIBITA Utility property Infrastructure Construction in progress Totals

2025 31,270 75,890 38,432 40,136 1,005 361 979 180,996 121,601

2024 $ 31,209 77,786 25,429 34,877 1,331 451 192 171,762 81,985

$ 490,670

$ 425,022

Business-Type Activities

2025 5,745 45,984 11,563 5,122 8,396 292,797 507,098

$ 876,705

2024 5,745 47,980 11,639 4,892 9,040 240,088 464,383

$ 783,767

Total

2025 37,015 121,874 49,995 45,258 8,396 1,005 361 979 292,797 180,996 628,699

$ 1,367,375

2024 36,954 125,766 37,068 39,769 9,040 1,331 451 192 240,088 171,762 546,368 1,208,789

This year’s more significant capital asset additions included: $10.4M $95.4M $5.8M

Electric Utility improvements Water Utility improvements Wastewater Utility improvements

See Note 3.E. to the financial statements for more detailed information on the City’s capital assets and changes therein. Long- Term Debt At year-end, the City had $679 million in long-term debt outstanding, which represents an increase of $151 million or 28.5% from the prior year. The City’s changes in long-term debt by type of debt are as follows:

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

TABLE 6 Primary Government Long-Term Debt (In Thousands)

Accrued absences Lease liability SBITA liabiltiy Revenue bonds Notes payable Totals

Governmental Activities

Business-Type Activities

2025

2024*

2025

$ 15,244 1,461 758 4,385 112,465

$ 14,606 1,838 186 6,420 118,460

$ 134,313

$ 141,510

$ 545,179

3,014 200,060 342,105

Total Percentage Change

Total

2024*

2025

2024*

3,218 184,385 199,150

$ 18,258 1,461 758 204,445 454,570

$ 17,824 1,838 186 190,805 317,610

2% -21% 100% 7% 43%

$ 386,753

$ 679,492

$ 528,263

29%

*Restated for the implementation of GASB Statement 101

See Note 3.F. to the financial statements for more detailed information on the City’s long-term debt and changes therein. ECONOMIC FACTORS AND NEXT YEAR’S BUDGET AND RATES State of Oklahoma – Conditions/Projections: Combined gross receipts for the past 12 months (through November 2025) showed gross revenue totals of $16.87 billion which is $175.2 million, or 1.0 percent below collections from the previous 12-month period. Major revenue sources reported mixed results over the past twelve months. Gross income tax collections of $6.2 billion are up $203.6 million or 4.5 percent over the previous 12-month period. Combined sales and use taxes generated $7.05 billion, a decrease of $71 million or 1 percent. Oil and gas gross production tax collections generated $1.02 billion, a decrease of $354.6 million or 25.7 percent. Motor vehicle collections totaled $914 million, an increase of $35.8 million or 4.1 percent. Other sources generated $1.65 billion, up by $10.5 million or 0.6 percent. The U.S. Bureau of Labor Statistics (BLS) reported the annual inflation rate at 2.7 percent in November 2025. The November Oklahoma unemployment rate was 3.3 percent, and the November U.S. jobless rate was listed as 4.2 percent. City of Edmond Economic Highlights: Local Sales and Use Tax City sales and use tax collections are the main source of revenue for the general operations of the City of Edmond. The local tax rate is 3.75% with 2% going to General Fund, 0.75% to the 2000 Capital Improvement Fund, 0.50% to the 2017 Capital Improvement Fund, 0.25% to the Fire Public Safety Limited Tax Fund, 0.125% to Parks, and 0.125% to the Police Public Safety Limited Tax Fund. The following are summaries of collections committed to the General Fund by type for the FY 24-25:

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

Sales Tax: Gross sales tax collections for FY 24-25 were down by $2,047,055 in total dollars compared to the prior year. Consumer confidence fluctuated due to concerns about inflation and labor market conditions, resulting in less spending during this time. Gross sales for FY 24-25 decreased by (2.33%). Year-to-date collections (through October, 2025) for FY 25-26 are down from FY 24-25 by (2.02%).

Sales Tax Month July August September October November December January February March April May June

Fiscal Year 2024 Collections Rate 7,509,104 3.75% 7,224,834 3.75% 7,600,520 3.75% 7,728,948 3.75% 7,643,955 3.75% 7,157,254 3.75% 7,613,570 3.75% 7,575,158 3.75% 6,417,897 3.75% 6,839,425 3.75% 7,364,159 3.75% 7,247,146 3.75% 87,921,969

Growth % 5.57% -2.83% -5.84% 2.09% 9.26% -3.57% -0.29% -5.24% -1.26% 0.82% -1.30% 2.51% -0.21%

Month July August September October November December January February March April May June

Fiscal Year 2025 Collections Rate Growth % 7,373,547 3.75% -1.81% 7,339,630 3.75% 1.59% 7,354,713 3.75% -3.23% 7,515,594 3.75% -2.76% 6,813,256 3.75% -10.87% 7,560,564 3.75% 5.63% 7,482,056 3.75% -1.73% 7,393,415 3.75% -2.40% 6,196,591 3.75% -3.45% 6,645,638 3.75% -2.83% 7,130,429 3.75% -3.17% 7,069,480 3.75% -2.45% 85,874,914 -2.33%

Sales Tax Month July August September October

Fiscal Year 2026 Collections Rate Growth % 7,021,235 3.75% -4.78% 7,569,867 3.75% 3.14% 7,286,530 3.75% -0.93% 7,108,708 3.75% -5.41% 28,986,340 -2.02%

Use Tax: Use tax collections for FY 24-25 were up by $1,196,608 in total dollars compared to the prior year. Gross sales for FY 24-25 increased by 6.80%. Year-to-date use tax collections (through October, 2025) for FY 25-26 are down from FY 24-25 by (2.97%).

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

Use Tax Month July August September October November December January February March April May June

Fiscal Year 2024 Collections Rate 1,385,913 3.75% 1,362,066 3.75% 1,511,162 3.75% 1,242,789 3.75% 1,349,087 3.75% 1,545,023 3.75% 1,866,106 3.75% 1,915,775 3.75% 1,294,229 3.75% 1,303,544 3.75% 1,448,204 3.75% 1,374,649 3.75% 17,598,546

Growth % 1.90% 3.81% 8.54% -12.02% 1.51% 9.78% 7.58% 8.34% 18.82% 1.38% -5.62% 8.28% 4.13%

Month July August September October November December January February March April May June

Fiscal Year 2025 Collections Rate Growth % 1,464,753 3.75% 5.69% 1,760,188 3.75% 29.23% 1,550,282 3.75% 2.59% 1,355,504 3.75% 9.07% 1,450,406 3.75% 7.51% 1,550,269 3.75% 0.34% 1,784,792 3.75% -4.36% 2,281,035 3.75% 19.07% 1,255,995 3.75% -2.95% 1,353,954 3.75% 3.87% 1,648,224 3.75% 13.81% 1,339,752 3.75% -2.54% 18,795,154 6.80%

Use Tax Month July August September October

Fiscal Year 2026 Collections Rate Growth % 1,512,199 3.75% 3.24% 1,477,544 3.75% -16.06% 1,605,878 3.75% 3.59% 1,353,154 3.75% -0.17% 5,948,776 -2.97%

Combined Sales and Use Tax: Gross combined sales and use tax collections for FY 24-25 were down by $850,447 in total dollars compared to the prior year. Gross sales for FY 24-25 decreased by (0.81%). Year-to-date collections (through October, 2025) for FY 25-26 are down from FY 24-25 by (2.18%).

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

Sales & Use Tax Combined Month July August September October November December January February March April May June

Fiscal Year 2024 Collections Rate 8,895,017 3.75% 8,586,900 3.75% 9,111,682 3.75% 8,971,737 3.75% 8,993,042 3.75% 8,702,277 3.75% 9,479,676 3.75% 9,490,932 3.75% 7,712,126 3.75% 8,142,969 3.75% 8,812,363 3.75% 8,621,794 3.75% 105,520,515

Growth % 4.98% -1.83% -3.72% -0.13% 8.02% -1.44% 1.17% -2.78% 1.62% 0.91% -2.04% 3.39% 0.49%

Month July August September October November December January February March April May June

Fiscal Year 2025 Collections Rate Growth % 8,838,301 3.75% -0.64% 9,099,818 3.75% 5.97% 8,904,995 3.75% -2.27% 8,871,098 3.75% -1.12% 8,263,663 3.75% -8.11% 9,110,833 3.75% 4.69% 9,266,847 3.75% -2.25% 9,674,450 3.75% 1.93% 7,452,586 3.75% -3.37% 7,999,591 3.75% -1.76% 8,778,654 3.75% -0.38% 8,409,232 3.75% -2.47% 104,670,068 -0.81%

Sales & Use Tax Combined Month July August September October

Fiscal Year 2026 Collections Rate Growth % 8,533,434 3.75% -3.45% 9,047,411 3.75% -0.58% 8,892,408 3.75% -0.14% 8,461,862 3.75% -4.61% 34,935,116 -2.18%

City of Edmond’s FY 25-26 Budget City’s FY 25-26 direct cost budget is $413,047,736, a decrease of $40,459,181 or 8.9% from FY 24-25. Budget historical highlights: Three sales taxes were approved by voters in 2000. They included designated sales tax to Public Safety and capital projects. The Fire Department receives a quarter-cent tax, the Police department receives a oneeighth-cent tax and capital improvements receive a three-quarter-cent tax. In addition, almost two-thirds of the General Fund revenue is automatically allocated to fire and police operations pursuant to negotiations.

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

Edmond’s total sales tax rate is 8.25%. The local tax rate is 3.75% and the state tax rate is 4.50% for a total tax rate of 8.25%. Of the four largest cities in the Oklahoma City metro area, Edmond has the lowest combined sales tax rate. In April 2016, voters approved two sales tax extensions through March 31, 2027. A one percent General Fund Sales Tax Extension and a one-half percent Public Safety Center Tax that was extended for Capital Improvements. The City Council created a Capital Improvements Advisory Tax Force to examine the funding of major capital projects. Effective April 1, 2017, a 0.50% sales tax rate began collecting funds for the 2017 Capital Improvement Fund. These two sales tax extensions are up for a 10 year renewal through an election to be held November 18, 2025. If approved by voters at this election, the 0.50% sales tax for the 2017 Capital Improvement Fund will be dedicated to road improvements. Water Resources is continuing progression on the Water Master Plan. Funding is through cash funding (revenue sources such as sales tax), the Oklahoma Water Resources Board (OWRB) State Revolving Fund (SRF) program and the Financial Assistance Program (FAP) both of which provide low interest loans to communities. The latest details of City water improvement plans can be found online at www.edmondok.gov/1584/CIty-of-Edmond-Projects. Projects currently under construction include the 33rd Street Waterline Project, AC Caplinger Baseball Fields at Hafer Park, Chisholm Creek Force Main Replacement (Water), Danforth and Kelly Intersection Improvements, I-35 Ground Storage Tank, Joint Use Library and YMCA, Pelican Bay Aquatic Center Renovation, Water Intake Structure, Water Plant Expansion-Phase I & II, Water Resource Recovery Facility Expansion, Water Transmission Line Staging Area, and Water Treatment Plant Transmission Lines. With a combined investment of over $106 million, recently completed projects include Fire Station #6 located at W Sorghum Mill Rd and N Kelly Avenue, Creek Bend Trail Phase I, Downtown Intersection & Sidewalk Improvements, City Center Complex, Intelligent Transportation System Phase III, 33rd Street Water Tower, Traffic Signal on Covell at Cheyenne Middle School, Ted Anderson Park Splash Pad, Play Structure and Accessibility Improvements, Service-Blake Soccer Complex Renovations, Smart Choice Automatic Meter (AMI) Upgrade and Stephenson Park and Streetscape Updates. Capital Improvement Funds: The City has two primary Capital Improvement Funds: the 2000 Capital Improvement Project (CIP) fund and the 2017 Capital Improvement Project (CIP) fund. 2000 CIP Fund: The 2000 CIP fund is funded by a three-quarter-cent tax that was initially approved by voters in 1996 and indefinitely extended in 2000. The total capital projects budget for FY 25-26 in this fund is approximately $25 million.

CITY OF EDMOND, OKLAHOMA MANAGEMENT’S DISCUSSION & ANALYSIS June 30, 2025

Projects budgeted for FY 25-26 include Spring Creek Trail to Carl Rehermen Park for $2.5 million, Street Rehabilitation, Resurfacing and Reconstruction for $4.5 million, West Downtown Walkability for $800,000, Corridor Safety & Demonstration for $2.0 million, Danforth and Kelly Intersection improvements for $1.0 million. Other projects of approximately $1.5 million include ADA sidewalk improvements, Bicycle Wayfinding, Arcadia Lake Masterplan, North University Drive Improvements and Extensions on Ayers-Kickingbird Lane. Debt Service of approximately $12.5 million is paid from this fund. 2017 CIP Fund: The 2017 CIP fund is funded by a half-cent tax that was approved by voters in 2016 for a ten-year period. This tax will expire in 2027 and is on November 2025 ballet to renew for another ten-year period. In November 2025 this tax was renewed. Since approved, this funding source will be committed to street improvements. The total capital projects budget for FY 25-26 for this fund is approximately $13.8 million. Projects budgeted for FY 25-26 include a Police Station at Arcadia Lake for $5 million, Creek Bend Trail for $2.5 million, Intersection improvements at 2nd & Coltrane and 2nd & Boulevard for $6 million, Downtown ADA and Signal Improvements for $185,000 and finalization of a second Library (partnered with the YMCA) on I-35 for $150,000 CONTACTING THE CITY’S FINANCIAL MANAGEMENT TEAM: This financial report is designed to provide our citizens, customers and creditors with a general overview of the City’s finances and to provide transparency and accountability for the revenues received by the City. For a list of all current projects, please visit our city website at www.edmondok.gov. If you have questions or require additional explanation regarding information provided in this report, please contact the Finance office at 2824 Progressive Drive Edmond, OK 73034, P.O. Box 2970, Edmond, OK 73083-2970 or call the Finance office at 405-359-4521. We are happy to discuss any comments or concerns you may have.

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BASIC FINANCIAL STATEMENTS

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

City of Edmond, Oklahoma Statement of Net Position June 30, 2025 Component Units Park Conservancy Trust

Primary Government

ASSETS Current Assets: Cash and equivalents Investments Restricted assets: Cash and equivalents Investments Accrued interest receivable Accounts receivable, net of allowance Internal balances Due from other governments Leases receivable Inventory Total Current Assets Non-current Assets: Restricted assets: Cash and equivalents Investments Leases receivable Capital Assets: Non-depreciable Depreciable, net of depreciation Total Non-current Assets

Governmental Activities

Business-type Activities

Total Assets DEFERRED OUTFLOWS OF RESOURCES Deferred amounts related to pension Deferred amounts related to OPEB Total deferred outflow of resources LIABILITIES Current Liabilities: Accounts payable and other accrued expenses Accrued interest payable Amounts held in escrow Meter deposit liability Unearned revenue Current portion: SBITA liability Lease liability Total OPEB liability Notes payable Revenue bonds payable Compensated absences Claims and judgments Total Current Liabilities Non-current Liabilities: Compensated absences Meter deposit liability Lease liability SBITA liabillity Total OPEB liability Net pension liability Revenue bonds payable, net Notes payable Claims and judgments Total Non-current Liabilities Total Liabilities DEFERRED INFLOWS Deferred amount on leases Deferred amounts related to pension Deferred amounts related to OPEB Total deferred inflow of resources NET POSITION Net investment in capital assets Restricted for: Capital improvements Public safety Debt service General government Other purposes Unrestricted (deficit) Total Net Position

18,926,998 127,022,954

19,075,993 214,268,366

Historic Preservation Trust

Total

38,002,991 341,291,320

98,677 -

342,478 -

Economic Development Authority

1,060,283 -

51,727,249 1,355,515 8,064,796 (28,833,725) 16,414,068 2,935,347 197,613,202

123,527,981 9,437,850 2,407,590 25,973,883 28,833,725 10,080,161 145,056 8,381,138 442,131,743

175,255,230 9,437,850 3,763,105 34,038,679 26,494,229 145,056 11,316,485 639,744,945

98,677

60,076 402,554

43,040 1,103,323

137,261 1,610,952 -

12,497,273 1,136,130

12,634,534 1,610,952 1,136,130

152,871,055 337,798,480 492,417,748

512,843,061 363,861,834 890,338,298

665,714,116 701,660,314 1,382,756,046

100,450 13,802 114,252

27,700 27,700

42,411 42,411

690,030,950

1,332,470,041

2,022,500,991

212,929

430,254

1,145,734

32,630,837 1,237,236 33,868,073

2,558,398 432,345 2,990,743

35,189,235 1,669,581 36,858,816

38,564 7,630 46,194

75,133 18,158 93,291

21,529,142 1,492,476 620,419 5,025,416

47,712,602 8,144,633 5,497,314 108,576

69,241,744 9,637,109 620,419 5,497,314 5,133,992

3,097 -

15,072 -

358,351 388,440 215,979 6,220,000 2,140,000 6,576,522 2,326,570 46,893,315

48,787 10,745,826 5,335,000 1,160,416 78,753,154

358,351 388,440 264,766 16,965,826 7,475,000 7,736,938 2,326,570 125,646,469

3,097

22,696 437 38,205

8,667,810 1,072,206 400,092 5,515,530 84,755,325 2,245,000 106,245,000 1,785,523 210,686,486

1,853,808 4,880,388 1,245,896 8,020,023 211,008,668 340,408,545 567,417,328

10,521,618 4,880,388 1,072,206 400,092 6,761,426 92,775,348 213,253,668 446,653,545 1,785,523 778,103,814

7,704 53,777 61,481

3,929 23,062 15,408 158,777 201,176

257,579,801

646,170,482

903,750,283

64,578

239,381

5,397,311 2,101,531 7,498,842

1,242,603 1,478,534 667,138 3,388,275

1,242,603 6,875,845 2,768,669 10,887,117

10,768 3,629 14,397

98,721 26,586 125,307

408,805,362

409,152,230

817,957,592

114,252

27,700

(3,347)

32,796,944 29,675,079 3,407,677 12,165,837 2,166,938 (30,197,457) 458,820,380

20,778,596 255,971,201 685,902,027

32,796,944 29,675,079 24,186,273 12,165,837 2,166,938 225,773,744 $ 1,144,722,407

98,677 212,929

369,773 397,473

43,040 834,644 874,337

See accompanying notes to the basic financial statements.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

City of Edmond, Oklahoma Statement of Activities For the Year Ended June 30, 2025

Functions/Programs Primary government Governmental Activities General government Public safety Streets and highways Cultural, parks and recreation Health and welfare Interest on long-term debt Total governmental activities

Business-type activities Electric operations Water operations Wastewater operations Sanitation operations Lake operations Drainage operations Golf course operations Cooperative purchasing services Transportation operations Total business-type activities Total primary government Component Units Cultural, parks and recreation Cultural, parks and recreation Economic development Total component units

Charges for Services

Expenses 16,326,072 91,665,245 25,278,548 11,059,894 1,818,923 4,074,305 150,222,987

89,605,865 37,761,626 20,444,288 10,643,946 2,224,009 1,450,768 3,778,419 54,190 3,647,205 169,610,316

10,286,555 2,601,684 468,792 136,863 939,097 14,432,991

Program Revenue Operating Grants and Contributions

Capital Grants and Contributions

Governmental Activities

101,675,477 46,306,879 27,713,934 12,234,750 1,455,321 3,115,813 3,476,100 142,565 31,253 196,152,092

1,368,661 8,355,717 1,887,863 54,516 11,666,757 75,355 125,000 1,319,189 1,519,544

6,855,422 195,939 7,051,361

(4,670,856) (80,707,844) (16,066,471) (10,672,576) (879,826) (4,074,305) (117,071,878)

12,144,967 22,002,240 9,209,105 1,590,804 (768,688) 1,665,045 (302,319) 88,375 (2,216,602) 43,412,927

(117,071,878)

43,412,927

(73,658,951)

210,585,083

13,186,301

22,402,968

14,416 946,966 594,744 1,556,126

5,928 5,928

334,219 334,219

319,833,303

13,331,987 1,939,459 80,161 15,351,607

(4,670,856) (80,707,844) (16,066,471) (10,672,576) (879,826) (4,074,305) (117,071,878)

Net (Expense) Revenue and Changes in Net Position Primary Government Component Units Historic Park Business-type Preservation Conservancy Activities Total Trust Trust

General revenues: Taxes: Sales and use taxes Sales and use taxes - Restricted for public safety Sales and use taxes - Restricted for park and recreation Sales and use taxes - Restricted for capital improvements Property taxes, levied for TIF District Hotel/motel taxes Franchise taxes Payment from City of Edmond Intergovernmental revenues not restricted to specific programs Unrestricted investment earnings Miscellaneous Transfers Total general revenues and transfers Change in net position Net position - beginning, as previously reported Restatement (See Note 3.H.) Net position - June 30, 2024, as restated Net position - ending

64,016,864 19,894,568 2,842,081 17,052,487 300,954 1,269,946 1,863,775 3,888,447 8,036,263 983,936 684,271 120,833,592 3,761,714 461,833,619 (6,774,953) 455,058,666 458,820,380

See accompanying notes to the basic financial statements.

16,142,380 (684,271) 15,458,109 58,871,036 629,023,532 (1,992,541) 627,030,991 685,902,027

64,016,864 19,894,568 2,842,081 17,052,487 300,954 1,269,946 1,863,775 3,888,447 24,178,643 983,936 136,291,701 62,632,750 1,090,857,151 (8,767,494) 1,082,089,657 $ 1,144,722,407

Economic Development Authority $

(14,416) (14,416)

(612,747) (612,747)

(588,816) (588,816)

30,000 1,313 26,379 57,692 43,276 169,653 169,653 212,929

741,857 741,857 129,110 268,363 268,363 397,473

779,987 29,957 809,944 221,128 653,209 653,209 874,337

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025 City of Edmond, Oklahoma Balance Sheet Governmental Funds June 30, 2025

Fire Public Safety Limited Tax Fund

Police Public Safety Limited Tax Fund

2000 Capital Improvement Tax Fund

Other Governmental Funds

267,104 1,165,466 132,738 9,435,851 25,361 2,503,748 13,530,268

1,224,744 14,374,086 843,284 128,728 16,570,842

1,542,508 18,103,491 468,756 162,128 460,000 326 20,737,209

43,942,235 6,052,695 114,535 2,668,554 218,153 857,599 53,853,771

LIABILITIES, DEFERRED INFLOWS AND FUND BALANCES Liabilities: Accounts payable $ Due to other funds Unearned revenue Amounts held in escrow Total liabilities

1,436,509 2,138,471 37,734 620,419 4,233,133

2,515,112 11,500 2,526,612

1,548,859 747 1,549,606

9,199,126 8,000,000 17,199,126

Deferred Inflows of Resources: Unavailable revenue Total deferred inflows of resources

1,899,117 1,899,117

106,532 106,532

124,097 124,097

41,492 41,492

3,441,981 3,441,981

5,613,219 5,613,219

Fund balances: Nonspendable Restricted Committed Assigned Unassigned (deficit) Total fund balances Total liabilities, deferred inflows and fund balances

2,334,740 1,590,917 3,472,361 7,398,018 13,530,268

9,597,570 4,340,128 13,937,698 16,570,842

326 12,996,068 6,067,112 19,063,506 20,737,209

36,613,153 36,613,153 53,853,771

54,322,675 570,288 2,520,518 (1,538,031) 55,875,450 68,735,918

326 115,864,206 570,288 14,518,675 1,934,330 132,887,825 173,428,008

General Fund ASSETS Cash and cash equivalents Investments Due from other funds Due from other governments Accrued interest receivable Other receivables Inventory Other assets Total assets

See accompanying notes to the basic financial statements.

Total Governmental Funds

19,629,579 41,577,835 349,568 3,003,582 357,238 3,818,116 68,735,918

4,341,361 2,761,730 2,315,396 9,418,487

66,606,170 81,273,573 596,841 16,420,027 891,608 7,639,463 326 173,428,008

19,040,967 12,912,448 2,353,130 620,419 34,926,964

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025 City of Edmond, Oklahoma Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position June 30, 2025 Total fund balance, governmental funds

132,887,825

Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not current financial resources and therefore are not reported in the funds, net of accumulated depreciation of $31,306,171

454,476,038

Certain other long-term assets are not available to pay current fund liabilities and therefore they, along with deferred outflows, are deferred or not reported in the funds: Accrued interest receivable Other receivables, net of allowance Pension related deferred outflows OPEB related deferred outflows

556,037 5,061,422 28,762,396 681,098

Certain long-term liabilities are not due and payable from current financial resources and therefore they, along with deferred inflows, are not reported in the funds: Revenue bonds payable Notes payable Accrued compensated absences Net pension liability Pension related deferred inflows Total OPEB liablity OPEB related deferred inflows Advance rental Interest payable Lease liability SBITA liability Internal service funds are used by management to charge costs of certain activities that benefit multiple funds, such as self-insurance, vehicle maintenance, and other such costs, to individual funds. The assets and liabilities of certain of these internal service funds are reported in governmental activities in the Statement of Net Position: Internal service funds' net position Internal service fund interfund balance resulting from net revenues reported in business-type activities

Net Position of Governmental Activities in the Statement of Net Position $ See accompanying notes to the basic financial statements.

(4,385,000) (112,465,000) (11,230,131) (71,925,427) (3,332,561) (3,387,518) (1,155,156) (2,676,526) (1,492,476) (312,369) (141,112)

65,203,458 (16,304,618)

458,820,380

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

City of Edmond, Oklahoma Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds For the Year Ended June 30, 2025

General Fund REVENUES Sales and use taxes Franchise and public service taxes Hotel/motel taxes Intergovernmental Charges for services Fines and forfeitures Licenses and permits Investment income (loss) Miscellaneous Total revenues

EXPENDITURES Current: General government Public safety Health and sanitation Culture, parks and recreation Streets and highways Debt Service: Principal Interest and other charges Capital Outlay Total Expenditures Excess (deficiency) of revenues over expenditures

64,016,864 1,863,775 1,911,597 7,573,606 2,019,004 2,813,344 364,739 187,753 80,750,682

Fire Public Safety Limited Tax Fund

Police Public Safety Limited Tax Fund

2000 Capital Improvement Tax Fund

Other Governmental Funds

Total Governmental Funds

5,684,162 6,243,522 12,830 915,675 99,197 12,955,386

2,842,081 2,210,463 6,475 991,093 567,721 6,617,833

17,052,487 170,802 3,132,200 857,599 21,213,088

14,210,406 1,269,946 4,527,977 1,159,459 2,398,631 1,068,112 24,634,531

103,806,000 1,863,775 1,269,946 15,064,361 8,752,370 2,019,004 2,813,344 7,802,338 2,780,382 146,171,520

11,079,390 4,306,757 837,924 5,311,733 8,893,643

37,826,384 -

36,528,249 -

1,084,631 -

2,051,095 167,771 777,040 2,061,333 -

14,215,116 78,829,161 1,614,964 7,373,066 8,893,643

1,764,303 32,193,750

7,222,294 45,048,678

97,677 63,029 1,586,915 38,275,870

52,984,865 54,069,496

8,030,000 4,271,694 15,197,364 32,556,297

8,127,677 4,334,723 78,755,741 202,144,091

48,556,932

(32,093,292)

(31,658,037)

(32,856,408)

(7,921,766)

(55,972,571)

OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources and uses Net change in fund balances

20,321,020 (72,897,087) (52,576,067) (4,019,135)

24,292,310 (74,191) 24,218,119 (7,875,173)

29,798,568 29,798,568 (1,859,469)

(14,319,607) (14,319,607) (47,176,015)

15,946,037 (2,820,017) 13,126,020 5,204,254

90,357,935 (90,110,902) 247,033 (55,725,538)

Fund balances - June 30, 2024 as previously reported

11,417,153

21,812,871

20,922,975

83,789,168

47,343,187

185,285,354

3,328,009

11,417,153

21,812,871

20,922,975

83,789,168

50,671,196

188,613,363

Restatement (See Note 3.H.) Fund balances - June 30, 2024 as restated Fund balances - ending

7,398,018

13,937,698

19,063,506

See accompanying notes to the basic financial statements.

36,613,153

55,875,450

132,887,825

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

City of Edmond, Oklahoma Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the Year Ended June 30, 2025

Net change in fund balances - total governmental funds:

(55,725,538)

Amounts reported for Governmental Activities in the Statement of Activities are different because: Governmental funds report capital outlays as expenditures while governmental activities report depreciation expense to allocate those expenditures over the life of the assets: Capital asset purchases capitalized Capital assets donated Depreciation and amortization expense Gain on disposal of capital assets Capital assets donated from business type activities

78,210,582 7,051,361 (24,862,166) 4,517 437,238

In the Statement of Activities, the cost of pension benefits earned net of employee contributions is reported as an element of pension expense. The fund financial statements report pension contributions as expenditures.

(10,937,352)

Governmental funds report bond premiums and unamortized gains/losses as revenue or while governmental activities report amortization those expenditures over the term of the bonds: Amortization expense

90,804

Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds: Advance Interest Other

311,828 233,925 14,773

Bond proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the Statement of Net Position. Repayment of debt principal is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the Statement of Net Position: Debt principal payment

8,172,095

Some expenses reported in the statement of activities do not require the use of current financial resources and these are not reported as expenditures in governmental funds: Accrued interest not reflected on Governmental funds Accrued compensated absences change Total OPEB liability change

125,196 (619,281) (73,400)

Internal service fund activity is reported as a proprietary fund in the fund financial statements, but certain net revenues are reported in governmental activities on the statement of Activities: Total change in net position for internal service funds Net revenues of internal service funds reported in business-type activities

1,724,899 (397,767)

Change in net position of governmental activities See accompanying notes to the basic financial statements.

3,761,714

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

City of Edmond, Oklahoma Statement of Net Position Proprietary Funds June 30, 2025 Edmond Public Works Authority (EPWA) Enterprise Funds

EPWA ASSETS Current assets: Cash and cash equivalents Investments Restricted assets: Cash and cash equivalents Investments Receivables: Accrued interest receivable Utility billing, net of allowance for uncollectible accounts Due from other governments Other receivables Lease receivable Due from other funds Inventories Total current assets Non-current assets: Restricted assets: Cash and cash equivalents Investments Lease receivable Capital Assets: Nondepreciable Depreciable, net of accumulated depreciation Total non-current assets Total assets

DEFERRED OUTFLOWS OF RESOURCES Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred outflows of resources LIABILITIES Current Liabilities: Accounts payable Salaries payable Accrued interest payable Due to other funds Current portion: Compensated absences Lease liability SBITA liability Claims and judgments Notes payable Revenue bonds payable Unearned revenue OPEB liability Meter deposit liability Total current liabilities Non-current liabilities: Compensated absences Meter deposit liability Claims and judgments Lease liability SBITA liability OPEB liability Net pension liability Notes payable Revenue bonds payable, net Total non-current liabilities Total liabilities DEFERRED INFLOW OF RESOURCES Deferred amounts related leases Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred inflow of resources NET POSITION Net investment in capital assets Restricted for debt service Restricted for scholarships Restricted for other purposes Unrestricted Total net position

18,749,889 210,446,955

Other Enterprise Funds

326,104 3,821,411

Total

19,075,993 214,268,366

Internal Service Funds

4,048,077 45,749,381

123,527,981 9,437,850

2,373,367 24,229,545 10,000,000 675,339 44,505 12,659,562 8,246,628 420,391,621

34,223 80,161 1,068,999 100,551 134,510 5,565,959

2,407,590 24,229,545 10,080,161 1,744,338 145,056 12,659,562 8,381,138 425,957,580

424,135 459,146 16,955 2,935,021 53,632,715

12,497,273 641,557

494,573

12,497,273 1,136,130

137,261 1,610,952 -

512,312,551 340,828,936 866,280,317 1,286,671,938

530,510 23,032,898 24,057,981 29,623,940

512,843,061 363,861,834 890,338,298 1,316,295,878

802,479 35,391,018 37,941,710 91,574,425

2,356,383 379,867 2,736,250

202,015 52,478 254,493

2,558,398 432,345 2,990,743

3,868,441 556,138 4,424,579

46,456,618 407,004 8,144,633 -

792,812 46,751 130,455

47,249,430 453,755 8,144,633 130,455

1,784,717 703,458 230,455

1,053,728 10,745,826 5,335,000 107,366 44,781 5,507,941 77,802,897

106,688 4,006 1,080,712

1,160,416 10,745,826 5,335,000 107,366 48,787 5,507,941 78,883,609

1,540,573 287,609 312,648 2,326,570 88,328 7,274,358

1,633,388 4,880,388 1,143,585 7,523,559 340,408,545 211,008,668 566,598,133 644,401,030

220,420 102,311 496,464 819,195 1,899,907

1,853,808 4,880,388 1,245,896 8,020,023 340,408,545 211,008,668 567,417,328 646,300,937

2,473,628 1,785,523 860,668 304,683 2,255,663 12,829,898 20,510,063 27,784,421

676,841 1,356,133 588,165 2,621,139

565,762 122,401 78,973 767,136

1,242,603 1,478,534 667,138 3,388,275

2,064,750 946,375 3,011,125

385,588,822 20,778,596 10,282,035 225,736,566 642,386,019

23,563,408 2,133 3,645,849 27,211,390

409,152,230 20,778,596 2,133 10,282,035 229,382,415 669,597,409

34,427,889 1,621,616 29,153,953 65,203,458

685,902,027

Some amounts reported for business-type activities in the Statement of Net Position are different because certain internal service fund balances are included with business-type activities and reported as interfund balances Total net position per Government-Wide financial statements See accompanying notes to the basic financial statements.

16,304,618

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

City of Edmond, Oklahoma Statement of Revenues, Expenses and Changes in Fund Net Position Proprietary Funds For the Year Ended June 30, 2025 Edmond Public Works Authority (EPWA) Enterprise Funds

EPWA OPERATING REVENUES Charges for services Permits and other fees Operating grants and contributions Miscellaneous Total operating revenues

190,158,365 2,128,781 346,240 192,633,386

Other Enterprise Funds $

3,374,913 1,319,189 275,005 4,969,107

Total $

193,533,278 2,128,781 1,319,189 621,245 197,602,493

Internal Service Funds $

74,809,988 412,549 75,222,537

OPERATING EXPENSES Personal services Materials and supplies Wholesale electricity purchases Maintenance, operations and contractual services Insurance premium expense Claims expense Depreciation Total Operating Expenses Operating income (loss)

16,185,957 6,105,495 58,891,316 44,539,872 18,964,911 144,687,551 47,945,835

1,488,016 867,267 4,285,888 814,579 7,455,750 (2,486,643)

17,673,973 6,972,762 58,891,316 48,825,760 19,779,490 152,143,301 45,459,192

28,037,638 4,550,055 21,525,165 2,363,772 15,049,669 4,491,204 76,017,503 (794,966)

NON-OPERATING REVENUES (EXPENSES) Interest and investment revenue Miscellaneous revenue Gain (Loss) on capital asset disposal Interest expense Grant revenue Transfer of assets to governmental activities Total non-operating revenue (expenses) Income (loss) before contributions and transfers Capital contributions from governmental activities Capital contributions Transfers in Transfers out Change in net position Total net position - beginning, as previously reported Restatement (See Note 3.H.) Total net position - beginning, restated Total net position - ending

15,989,187 54,909 (17,826,484) 10,000,000 (437,238) 7,780,374 55,726,209 5,271,446 17,763,847 (20,321,020) 58,440,482 585,727,512 (1,781,975) 583,945,537 642,386,019

153,193 (24,064) 80,161 209,290 (2,277,353) 2,335,140 (25,000) 32,787 27,389,169 (210,566) 27,178,603 27,211,390

16,142,380 54,909 (24,064) (17,826,484) 10,080,161 (437,238) 7,989,664 53,448,856 5,271,446 20,098,987 (20,346,020) 58,473,269 613,116,681 (1,992,541) 611,124,140 669,597,409

2,296,775 380,138 (147,749) (30,279) 2,498,885 1,703,919 20,980 1,724,899 65,707,835 (2,229,276) 63,478,559 65,203,458

Change in net position, per above Some amounts reported for business-type activities in the Statement of Activities are different because the net revenue of certain internal service

58,473,269

Change in Business-Type Activities in Net Position per Government-Wide Financial Statements

See accompanying notes to the basic financial statements.

397,767 58,871,036

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

City of Edmond, Oklahoma Statement of Cash Flows Proprietary Funds For the Year Ended June 30, 2025 Edmond Public Works Authority (EPWA) Enterprise Funds

EPWA CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers Payments to suppliers Payments to employees Receipts of customer meter deposits Payment of customer meter deposits Claims and judgments paid Interfund payments Interfund receipts Net cash provided by (used in) operating activities

195,499,722 (112,658,542) (15,683,634) 4,206,586 (3,051,793) (2,508,237) 27,454 65,831,556

Other Enterprise Funds

Total Enterprise Funds

Internal Service Funds

4,490,462 (4,947,421) (1,402,273) (33,356) 5,455 (1,887,133)

199,990,184 (117,605,963) (17,085,907) 4,206,586 (3,051,793) (2,541,593) 32,909 63,944,423

75,534,774 (29,907,745) (26,755,698) (15,357,227) 73,718 3,587,822

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds Transfer to other funds Net cash provided by (used in) noncapital financing activities

17,763,847 (20,321,020) (2,557,173)

2,335,140 (25,000) 2,310,140

20,098,987 (20,346,020) (247,033)

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Proceeeds from capital grants Premium on capital debt issued Proceeds from sale of capital assets Proceeds from issuance of capital debt Payments on lease liability Payments on SBITA liability Principal paid on capital debt Interest paid on capital debt Net cash provided by (used in) capital and related financing activities

(105,596,873) 4,685,124 168,912,339 (10,282,682) (16,924,369) 40,793,539

(395,534) 100,000 8,779 (286,755)

(105,992,407) 100,000 4,685,124 8,779 168,912,339 (10,282,682) (16,924,369) 40,506,784

(8,551,531) 65,681 (279,233) (320,821) (30,279) (9,116,183)

CASH FLOWS FROM INVESTING ACTIVITIES Sale (Purchases) of investments Interest and dividends Net cash provided by (used in) investing activities

(18,337,272) 11,798,430 (6,538,842)

(128,492) 81,569 (46,923)

(18,465,764) 11,879,999 (6,585,765)

5,163,217 1,419,154 6,582,371

97,529,080

89,329

97,618,409

1,054,010

Net increase (decrease) in cash and cash equivalents Balances-beginning of year

57,246,063

Balances-end of year

Reconciliation to Combining Statement of Net Position: Cash and cash equivalents Restricted cash and cash equivalents Restricted cash and cash equivalents, non-current Total cash and cash equivalents, end of year

3,131,328

326,104

155,101,247

4,185,338

18,749,889 123,527,981 12,497,273 154,775,143

19,075,993 123,527,981 12,497,273 155,101,247

326,104 326,104

4,048,077 137,261 4,185,338

(2,486,643)

45,459,192

Reconciliation of Operating Income (loss) to Net Cash Provided by (used in) Operating Activities: Operating income (loss) $ 47,945,835 Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: Depreciation expense 18,964,911 Miscellaneous non-operating revenue (expense) 54,909 Change in assets, liabilities, and deferrals: Receivables, net 2,912,812 Other receivable (192,732) Leases receivable (335,998) Inventories (1,423,577) Due from other funds (1,744,215) Deferred outflows related to pension 1,042,983 Deferred outflows related to OPEB 8,123 Accounts and other payables (1,667,841) Due to other funds (736,568) Customer meter deposits payable 1,154,793 Unearned revenue 98,122 Claims liability Deferred inflows related to leases 329,222 Total OPEB liability 96,269 Net Pension liability (1,016,144) Deferred inflows related to pension 668,320 Deferred inflows related to OPEB (88,364) Accrued compensated absences (239,304) $ 65,831,556 Net cash provided by (used in) operating activities

5,271,446 (437,256) (1,427,885) 1,923,593 (3,349,813) 1,980,085

See accompanying notes to the basic financial statements.

57,482,838

154,775,143

Non-cash Activities: Capital assets donated Capital assets transferred to governmental activities Intangible asset additions Amortization of premium/discounts Capital related payables Change in fair value of investments Total Non-cash Activities

236,775

(794,966)

814,579 -

19,779,490 54,909

4,491,204 380,138

(472,351) (211,884) (50,490) 12,531 7,806 265,166 (27,901) 205,590 (964) (5,548) 31,811 (4,264) 35,429 (1,887,133)

2,440,461 (192,732) (547,882) (1,474,067) (1,744,215) 1,055,514 15,929 (1,402,675) (764,469) 1,154,793 98,122 534,812 95,305 (1,021,692) 700,131 (92,628) (203,875) 63,944,423

(67,901) (1,230,183) (16,955) 1,262,866 4,099 (158,989) 90,673 (307,558) 173,998 (906,626) 781,645 (133,158) 19,535 3,587,822

(63,185) (63,185)

5,271,446 (437,256) (1,427,885) 1,923,593 (3,412,998) 1,916,900

20,980 938,152 (820,850) 1,076,434

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

City of Edmond, Oklahoma Statement of Fiduciary Net Position Fiduciary Funds June 30, 2025

ASSETS Cash and cash equivalents Accrued interest Total cash and cash equivalents Investments at fair value: Common stock Pooled equity funds Pooled fixed income funds Alternative-open end mutual funds Total investments Total assets

Pension Trust Fund

Custodial Fund

1,082,550 200,398 1,282,948 4,640,372 77,746,539 26,836,497 10,402,381 119,625,789 120,908,737

LIABILITIES Due to other governments Total liabilities

38,173

NET POSITION Net position restricted for pension

120,908,737

See accompanying notes to the basic financial statements.

38,173 38,173

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

City of Edmond, Oklahoma Statement of Changes in Fiduciary Net Position Fiduciary Funds For the Year Ended June 30, 2025 Pension Trust Fund ADDITIONS Contributions: Employer Plan Members Total contributions Investment earnings: Investment income Change in fair value of investments Investment activity expense Total net investment earnings Other Additions: Court fees collected for other governments Total other additions Total additions

DEDUCTIONS Benefits Refunds of contributions Administrative Miscellaneous expense Payment of court fees to other governments Total deductions Change in net position Net position - beginning Net position - ending

4,833,388 2,431,554 7,264,942

8,189,741 6,163,864 (148,537) 14,205,068

21,470,010

236,978 236,978 236,978

5,586,812 3,876,339 119,994 2,537 9,585,682

236,978 236,978

11,884,328

109,024,409 120,908,737

See accompanying notes to the basic financial statements.

Custodial Fund

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

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CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. FINANCIAL REPORTING ENTITY B. BASIS OF PRESENTATION C. MEASUREMENT FOCUS AND BASIS OF ACCOUNTING D. ASSETS, LIABILITIES, DEFERRED OUTFLOWS/INFLOWS OF RESOURCES AND NET POSITION/FUND BALANCE E. INTERNAL AND INTERFUND BALANCES AND ACTIVITIES F. REVENUES, EXPENDITURES AND EXPENSES G. USE OF ESTIMATES H. CHANGE IN ACCOUNTING PRINCIPLE

NOTE 2. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY A. FUND BALANCES AND NET POSITION B. DEPOSITS AND INVESTMENTS REQUIREMENTS C. DEBT RESTRICTIONS AND COVENANTS

NOTE 3. DETAIL NOTES - TRANSACTION CLASSES/ACCOUNTS A. DEPOSIT AND INVESTMENT RISKS B. RECEIVABLES C. LEASES RECEIVABLE D. RESTRICTED ASSETS E. CAPITAL ASSETS F. LONG-TERM DEBT G. INTERFUND BALANCES AND ACTIVITIES H. FUND BALANCES AND NET POSITION

NOTE 4. OTHER NOTES A. EMPLOYEE PENSION AND OTHER BENEFIT PLANS B. RISK MANAGEMENT C. COMMITMENTS AND CONTINGENCIES D. ECONOMIC DEVELOPMENT E. TAX ABATEMENTS

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The City of Edmond’s (the City) accounting and financial reporting policies conform to accounting principles generally accepted in the United States of America (GAAP). GAAP includes all relevant Governmental Accounting Standards Board (GASB) pronouncements. The accounting and reporting framework and the more significant accounting policies are discussed in subsequent subsections of this Note. 1.A. FINANCIAL REPORTING ENTITY The City’s financial reporting entity comprises the following: Primary Government:

City of Edmond

Blended Component Unit:

Edmond Public Works Authority

Discretely Presented Component Units: Edmond Economic Development Authority Park Conservancy Trust Edmond Historic Preservation Trust In determining the financial reporting entity, the City complies with the provisions of Governmental Accounting Standards Board Statement No. 14, 34, 39, and 61 and includes all component units of which the City is fiscally accountable. Each of these component units are Public Trusts established pursuant to Title 60 of Oklahoma State law. Public Trusts (Authorities) have no taxing power. The Authorities are generally created to finance City services through issuance of revenue bonds or other non-general obligation debt and to enable the City Council to delegate certain functions to the governing body (Trustees) of the Authority. The Authorities generally retain title to assets which are acquired or constructed with Authority debt or other Authority generated resources. In addition, the City has leased certain existing assets at the creation of the Authorities to the Trustees on a long-term basis. The City, as beneficiary of the Public Trusts, receives title to any residual assets when a Public Trust is dissolved. BLENDED COMPONENT UNITS Blended component units are separate legal entities that meet the GASB 14, 39 and 61 component unit criteria and whose governing body is the same or substantially the same as the City Council or the component unit provides services entirely to the City. These component units’ funds are blended into the City’s by appropriate fund type to comprise part of the primary government presentation. One component unit is blended into the primary government’s fund types as presented below: Brief Description/Inclusion Criteria

Component Unit Edmond Public Works Authority

(EPWA)

Created October 6, 1970, to finance, develop and operate the water, sewer, garbage, electric, lake and drainage facilities. Also, the Authority operates and maintains the City’s golf course facility. The current City Council serves as the governing body (Trustees) of the EPWA, and the City is responsible for daily operations. The City is able to impose its will on the EPWA because, by state law, all EPWA issuances of debt require two thirds approval of the City Council. The component unit does not issue separate financial statements.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

DISCRETELY PRESENTED COMPONENT UNITS Discretely presented component units are separate legal entities that meet the GASB 14 component unit criteria but do not meet the criteria for blending. The City has three component units that are discretely presented in the City’s report as presented below: Edmond Economic Development Authority Created June 17, 1969, to promote and encourage the general (EEDA) economic and social development within or near the City of Edmond, Oklahoma. The Authority provides financing to businesses for the purpose of acquiring facilities for industrial, manufacturing, and charitable enterprises in or near the City. The EEDA governing body is appointed by the full City Council. All issuances of debt require a two-thirds approval of the City Council and the EEDA Trustees. Complete financial statements of the Economic Development Authority component unit can be obtained from: Edmond Economic Development Authority 825 E. 2nd, Suite 200 Edmond, OK 73034 Park Conservancy Trust (PCT)

Created November 22, 2021, to build and maintain a park(s) to benefit the City of Edmond and its citizens and visitors. The PCT governing body consists of three members appointed by the Community Trust and two members appointed by the Mayor of the City. The City is able to impose its will on the PCT because, pursuant to state law, all issuance of PCT debt requires a two-thirds approval of the City Council. The PCT component unit does not issue separate financial statements.

Edmond Historic Preservation Trust (EHPT)

Created November 15, 1982, to preserve the qualities relating to the history of the City in order to promote the economic and general welfare of the people of the City of Edmond and to ensure the harmonious, orderly and efficient growth and development of the municipality. The EHPT governing body is appointed by the current City Council. The City is able to impose its will on the EHPT because, pursuant to state law, all issuance of EHPT debt requires a two-thirds approval of the City Council. The EHPT component unit does not issue separate financial statements.

1.B. BASIS OF PRESENTATION Government-Wide Financial Statements: The statement of net position and statement of activities display information about the City as a whole including component units. They include all financial activities of the reporting entity except for fiduciary activities. Eliminations have been made to minimize the double reporting of transactions involving internal activities. Individual funds are not displayed in these statements. Instead, the statements distinguish between governmental and business-type activities. Governmental activities generally are financed through taxes, intergovernmental revenues, and other non-exchange revenues. Business-type activities are financed in whole or in part by fees charged to external parties for goods or services. The statement of activities presents a comparison between the expenses and program revenues directly associated with the different governmental functions and business-type activities to arrive at the net revenue or expense of the function or activity prior to the use of taxes and other general revenues. Program revenues include (1) fees, fines, 43

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

and service charges generated by the program or activity, (2) operating grants and contributions that are restricted to meeting the operational requirements of the program or activity, and (3) capital grants and contributions that are restricted to meeting the capital requirements of the program or activity. Fund Financial Statements: Fund financial statements of the reporting entity are organized into funds, each of which is considered to be separate accounting entities. Each fund is accounted for by providing a separate set of self-balancing accounts which constitute its assets, deferred outflows, liabilities, deferred inflows, fund balance, revenues, and expenditures/expenses. Separate financial statements are presented for the three major fund categories: governmental, proprietary, and fiduciary. An emphasis of the fund financial statements is placed on major governmental and enterprise funds. A fund is considered major if it is the primary operating fund of the City or meets the following criteria: a.

Total assets and deferred outflows, liabilities, and deferred inflows, revenues or expenditures/expenses of that individual governmental or enterprise fund are at least 10 percent of the corresponding total for all funds of that category or type, and

Total assets and deferred outflows, liabilities and deferred inflows, revenues or expenditures/expenses of the individual governmental fund or enterprise fund are at least 5 percent of the corresponding total for all governmental and enterprise funds combined.

A fund not meeting the criteria of (a) and (b), however management has elected to report the fund as a major fund due to its significance to users of the financial statements.

All remaining governmental and enterprise funds not meeting the above criteria are aggregated and reported as nonmajor funds. The funds of the financial reporting entity are described below: Governmental Funds The City reports four major governmental funds: General Fund, Fire Public Safety Limited Tax Fund, Police Public Safety Limited Tax Fund, and the 2000 Capital Improvement Tax Fund. General Fund The General Fund is the primary operating fund of the City. It is used to account for all activities except those legally or administratively required to be accounted for in other funds. The General Fund is reported as a major governmental fund. The General Fund’s main sources of revenue include sales tax, franchise and public services taxes, and charge for services related to governmental activities. For financial reporting purposes, the General Fund also includes the activity of the Edmond Electric Economic Development sub-fund, the Park Special Events subfund, and the Sidewalk and Driveway Escrow sub-fund, and the Real Property Fund sub-fund. Special Revenue Funds Special Revenue Funds are used to account for and report the proceeds of specific revenue sources that are legally or administratively restricted to expenditures for certain purposes. The reporting entity includes the following special revenue funds: Major Funds: Fire Public Safety Limited Tax Fund – used to account for restricted taxes and other dedicated revenues used to finance the operations of the City’s fire department. Police Public Safety Limited Tax Fund – used to account for restricted taxes and other dedicated revenues used to finance the operations of the City’s police department and other capital projects. 44

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Nonmajor Funds include the CDBG Entitlement Fund, Asset Forfeiture Fund, Senior Center Fund, Visit Edmond Fund, Hospital Sale Trust Fund, Ambulatory Service Fund, Opioid Drug Fund, E-Cigarette Fund, IRA Grant Fund, Opioid Abatement Grant Fund, System of Care Grant Fund, Marijuana Tax Fund, and the TIF #1 Downtown Fund. Capital Project Funds Capital Project Funds are used to account for resources restricted for the acquisition or construction of specific capital projects or items. The reporting entity includes the following capital project funds: Major Fund: 2000 Capital Improvement Tax Fund – used to account for the proceeds of a voter-restricted limited purpose sales tax to be used for capital improvements. Nonmajor Funds include Cemetery Care Fund, Cemetery Perpetual Care, American Rescue Plan Fund, Park Sales Tax Fund, Art in Public Places Fund, Capital Improvement Fund, Hafer Park Special Tax Fund, and the 2017 Capital Improvement Fund. Debt Service Funds Debt Service Funds are used to account for resources restricted to the payment of debt. The city’s debt service fund is the Revenue Bond Debt Service Fund. Proprietary Funds Proprietary funds include both enterprise funds and internal service funds. Enterprise funds are used to account for business-like activities provided to the general public. Internal service funds are used to account for business-like activities provided and charged to other funds or entities within the reporting entity. Proprietary fund operating revenues, such as charges for services, result from exchange transactions associated with the principal activity of the fund. Nonoperating revenues of the proprietary funds include such items as investment earnings, interest expense and subsidies. The reporting entity includes the following enterprise funds and internal service funds: Enterprise Funds The City reports one major enterprise fund: EPWA – Edmond Public Work Authority – used to account for the operations of and maintenance of the city’s electric, water, wastewater, sanitation, Arcadia Lake, drainage services, and Uncommon Ground. Each activity is accounted for in a separate sub-fund and the funds are combined to form the EPWA. Nonmajor enterprise funds include: Kickingbird Golf Fund, YourGovShop Fund, and Transportation Fund (CityLink). Internal Service Funds Internal service funds include Employee Group Insurance Fund, Vehicle Maintenance Fund, Risk Management Fund, Fleet Management Fund, Field Services Fund, and Administrative Support Services Fund. Fiduciary Funds The City’s fiduciary funds are used to report net position and changes therein of assets held by the City in a trustee or fiduciary capacity. This net position is not available for operations of the City. The City reports two types of fiduciary funds: Pension Trust Fund and Custodial Funds. Pension Trust Fund – used to account for the assets and changes therein of the Edmond Employee Retirement System Custodial Funds – used to account for assets held on behalf of others include the C.L.E.E.T. Penalty Assessment Fund

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

1.C. MEASUREMENT FOCUS AND BASIS OF ACCOUNTING Measurement focus is a term used to describe how transactions are recorded within the financial statements. Basis of accounting refers to when transactions are recorded regardless of the measurement focus applied. Measurement Focus On the government-wide Statement of Net Position and the Statement of Activities both governmental and businesslike activities are presented using the economic resources measurement focus as defined in item b. below. In the fund financial statements, the “current financial resources” measurement focus or the “economic resources” measurement focus is used as appropriate: a.

All governmental funds utilize a “current financial resources” measurement focus. Only current financial assets, liabilities, deferred outflows and inflows are generally included on their balance sheets. Their operating statements present sources and uses of available spendable financial resources during a given period. These funds use fund balance as their measure of available spendable financial resources at the end of the period.

The proprietary fund and fiduciary funds utilizes an “economic resources” measurement focus. The accounting objectives of this measurement focus are the determination of operating income, changes in net position (or cost recovery), financial position, and cash flows. All assets, liabilities (whether current or noncurrent), deferred outflows and inflows associated with their activities are reported. Proprietary fund report fund net position.

Basis of Accounting Government-wide, Proprietary and Fiduciary Fund Financial Statements In the government-wide Statement of Net Position and Statement of Activities, and the proprietary fund financial statements the accrual basis of accounting is applied. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred, or economic asset used. Revenues, expenses, gains, losses, assets and liabilities resulting from exchange and exchange-like transactions are recognized when the exchange takes place. Governmental Fund Financial Statements In the governmental fund financial statements, the modified accrual basis of accounting is applied. Under this modified accrual basis of accounting, revenues are recognized when “measurable and available”. Measurable means knowing or being able to reasonably estimate the amount. Available means collectible within the current period or soon enough thereafter to pay current liabilities. The City has defined “available” as collected within 60 days after year end. Sales and use taxes, franchise taxes, hotel/motel taxes, court fines and interest are considered susceptible to accrual. Expenditures (including capital outlay) are recorded when the related fund liability is incurred, except for general long-term debt principal and interest, claims and judgments, and accrued compensated absences, which are recorded as expenditures to the extent they have matured. Proceeds of general long-term debt are reported as other financial sources. 1.D. ASSETS, LIABILITIES, DEFERRED OUTFLOWS/INFLOWS OF RESOURCES, AND NET POSITION/FUND BALANCE. Cash and Cash Equivalents Cash and cash equivalents include all demand accounts, savings accounts, money market investment in trust accounts, certificates of deposit and short-term investments with an original maturity of three months or less. Investments in open-ended mutual fund shares are also considered cash equivalents and are reported at the funds’ current share prices.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Investments Investments are reported at fair value using selected bases. Securities traded on a national or international exchange are valued at the last reported sales price at current exchange rate. Investments that do not have an established market are reported at estimated fair value as estimated by a broker/dealer. Investments of the pension trust fund are also carried at fair value. Securities of the pension trust fund traded on a national or international exchange are valued at the last reported sales price at current exchange rates. All non-negotiable long-term certificates of deposit are carried at cost. Additional cash and investment disclosures are presented in Note 2.B. and Note 3.A. Receivables In the government-wide statements, receivables consist of all revenues earned at period-end and not yet received. Allowances for uncollectible accounts receivable are based upon historical trends and the periodic aging of accounts receivable. Major receivable balances for the governmental activities include sales and use taxes, franchise taxes, grants, police fines, and ambulance fees. Business-type activities report utilities as their major receivables. In the fund financial statements, material receivables in governmental funds include revenue accruals such as sales tax, franchise tax, tax increment revenue, and grants and other similar intergovernmental revenues since they are usually both measurable and available. Non-exchange transactions collectible but not available are deferred in the fund financial statements in accordance with the modified accrual basis but not deferred in the government-wide financial statements in accordance with the accrual basis. Interest and investment earnings are recorded when earned if paid within 60 days since they would be considered both measurable and available. Proprietary fund material receivables consist of all revenues earned at period-end and not yet received. Utility accounts receivable (such as electric, water, wastewater, sanitation, and drainage revenues) comprise the majority of proprietary fund receivables. Allowances for uncollectible accounts receivable are based upon historical trends and the periodic aging of accounts receivable. Inventories Inventories are valued at cost. The cost of governmental funds inventories is recorded as expenditures when consumed rather than when purchased because they are immaterial. Restricted Assets Restricted assets include current assets of enterprise funds and business-type activities that are legally restricted as to their use. The primary restricted assets are related to revenue bonds and promissory note trustee accounts restricted for debt service and deposits held for refund. Restricted assets of the component unit consist of program income from revolving grants restricted as to use. Leases and subscription-based information technology arrangements (SBITA) The City is a party as lessor and lessee for various non-cancellable long-term leases of equipment. The corresponding lease receivable or lease payable are recorded in an amount equal to the present value of the expected future minimum lease payments received or paid, respectively, discounted by an applicable interest rate. SBITAs are recognized as an obligation payable in an amount equal to the present value of the expected future minimum SBITA payments, discounted by an applicable interest rate. Capital Assets and Depreciation The accounting treatment of property, plant and equipment (capital assets) depends on whether the assets are used in governmental fund type or proprietary fund operations and whether they are reported in the government-wide or fund financial statements.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Government-Wide Statements In the government-wide financial statements, property, plant, and equipment are accounted for as capital assets. The City’s capitalization threshold is $7,500. All capital assets are valued at historical cost, or estimated historical cost if actual is unavailable, except for donated capital assets, donated works of art and similar items which are recorded at their acquisition value at the date of donation. General infrastructure assets (such as roads, bridges, and traffic systems) acquired prior to July 1, 2002, are reported at estimated historical cost using deflated replacement costs. The cost of normal maintenance and repairs to these assets that do not add materially to the value of the asset or materially extend the assets’ useful lives are not capitalized. Depreciation of all exhaustible capital assets is recorded as an operating expense in proprietary fund financial statements and an allocated expense in the Statement of Activities, with accumulated depreciation reflected in the Statement of Net Position. Depreciation is provided over the assets’ estimated useful lives using the straight-line method of depreciation. The range of estimated useful lives by type of asset is as follows: Buildings Other Improvements Infrastructure Equipment and vehicles Water rights

15 - 50 years 5 - 50 years 50-100 years 2 - 40 years 25-50 years

Intangible leased assets are amortized over the life of the associated contract. In the governmental fund financial statements, capital assets acquired are accounted for as capital outlay expenditures. Long-Term Debt Accounting treatment of long-term debt varies depending upon the source of repayment and the measurement focus applied and whether the debt is reported in the government-wide or fund financial statements. All long-term debt to be repaid from governmental activities, business-type activities, proprietary fund, and component unit resources are reported as liabilities as incurred. The long-term debt consists primarily of accrued compensated absences, general obligation bonds payable, and revenue bonds payable. This long-term debt is reported net of unamortized premiums and discounts. Amounts deferred from refunding are shown as deferred inflows or outflows. Long-term debt of governmental funds is not reported as liabilities in the fund financial statements. The debt proceeds are reported as other financing sources and payment of principal and interest reported as expenditures. Compensated Absences Under terms of union contracts and City personnel policies, City employees are granted vacation and sick leave in varying amounts. In the event of termination, a civilian employee is paid for accumulated vacation up to 300 hours earned. Upon retirement, 33-1/3% of accumulated sick leave up to a maximum of 300 hours is converted to vacation time for non-union employees, subject to certain limitations. For firemen, sick leave hours are converted three to one to vacation hours not to exceed 400 hours at retirement plus 480 maximum vacation (suppression) and 288 maximum vacation (non-suppression). For police officers, sick leave hours are converted two to one with a maximum of 400 hours plus maximum of 320 vacation hours at retirement. The estimated liabilities for vested benefits also include salary-related payments such as employment taxes. Compensated absences are reported as accrued in the government-wide, proprietary, fiduciary, and component unit financial statements. Governmental funds report only the matured compensated absences payable to currently terminating employees.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Deferred Outflow/Inflows of Resources In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. At the government fund level, the City does not recognize any deferred outflows. At the enterprise fund level and government-wide level, the City recognizes deferred outflows related to pensions, and OPEB. In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The government has at the fund level only one type of item, which arises only under a modified accrual basis of accounting that qualifies for reporting in this category. Accordingly, the item, unavailable revenue, is reported only in the governmental funds balance sheet. The governmental funds report unavailable revenues from two sources: interest and miscellaneous accounts receivable. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. At the government wide level and proprietary fund level, deferred inflows are for reporting amounts related to leases, pensions, and OPEB. Lease-related amounts are recognized at the inception of leases in which the City is the lessor and are recorded in an amount equal to the corresponding lease receivable plus certain additional amounts received from the lessee at or before the commencement of the lease term that relate to future periods, less any lease incentives paid to, or on behalf of, the lessee at or before the commencement of the lease term. The inflow of resources is recognized in a systematic and rational manner over the term of the lease. Equity Classifications Government-Wide and Proprietary Fund Financial Statements: Equity is classified as net position and displayed in three components: a.

b. c.

Net investment in capital assets - Consists of capital assets including restricted capital assets and bond construction proceeds, net of accumulated depreciation and reduced by the outstanding balances of any bonds, mortgages, notes, or other borrowings that are attributable to the acquisition, construction, or improvement of those assets. Restricted net position - Consists of net position with constraints placed on the use either by 1) external groups such as creditors, grantors, contributors, or laws or regulations of other governments, or 2) law through constitutional provisions or enabling legislation. Unrestricted net position - All other net position that does not meet the definition of “restricted” or “net investment in capital assets”.

It is the City’s policy to first use restricted net position prior to the use of unrestricted net position when an expense is incurred for purposes for which both restricted and unrestricted net position are available. Governmental Fund Financial Statements: Governmental fund report fund balance. Fund balance is further classified as nonspendable, restricted, committed, assigned and unassigned. These classifications are defined as: a)

Nonspendable-includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact. b) Restricted-consists of fund balance with constraints placed on the use of resources either by (1) external groups such as creditors, grantors, contributors, or laws or regulations of other governments, or (2) laws through constitutional provisions or enabling legislation. c) Committed-included amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the city’s highest level of decision-making authority. The City’s highest level of decision-making authority is made by ordinance. The City Council adopts an 49

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

ordinance that establishes this constraint. d) Assigned-includes amounts that are constrained by the City’s intent to be used for specific purposes but are neither restricted nor committed. Assignments of fund balance may be made by city council action or management decision when the City Council has delegated that authority. Assignments for transfers and interest income for governmental funds are made through the budgetary process. e) Unassigned-represents a fund balance that has not been assigned to other funds and has not been restricted, committed, or assigned to specific purposes within the general fund. The general fund is the only fund that may report a positive unassigned fund balance. It is the City’s policy that expenditures for which more than one category of fund balance could be used, that the order of use is: restricted, committed, assigned and unassigned. The City Council adopted the budget which designates the amount to the specific categories. In an effort to ensure the continuance of sound financial management of public resources, the City of Edmond’s Unassigned Fund Balance within the General Fund will be maintained to provide the City with sufficient working capital and a comfortable margin of safety to address emergencies, sudden loss of revenue or operating needs, and unexpected downturns. This policy established the amounts the City will strive to maintain in its General Fund unassigned balance, the conditions under which fund balance may be spent, and the method by which fund balance will be restored. These amounts are expressed as goals, recognizing that fund balance levels can fluctuate from year to year in the normal course of operations for any local government. The City will strive to maintain an Unassigned Fund Balance in the General Fund of (10%). This is determined by adding all new budgeted revenues, plus the Edmond Public Works Authority’s transfers-in, divided by the Unassigned Fund Balance. It is management’s express intent to identify a “not-to-exceed” amount of $1,000,000 as part of the 10% minimum fund balance for unexpected, large-scale events where damage in excess of $250,000 is incurred and immediate, remedial action must be taken to protect the health and safety of residents (e.g. floods, fires, storm damage). Of the $1,000,000 part of the General Fund’s Unassigned Fund Balance, it is management’s intent to not use any portion of this balance unless such emergencies occur. It is the goal of the City to limit use of any Unassigned Fund balances less than 10% to address non-recurring needs, otherwise approved by the City Council. Unassigned Fund balances of less than the 10% minimum as described above shall not normally be applied to recurring annual operating expenditures. Unassigned balances within the General Fund may, however, be used to allow time for the city to restructure its operations in a deliberate manner, but such use will only take place in the context of long-term financial planning. 1.E. INTERNAL AND INTERFUND BALANCES AND ACTIVITIES In the process of aggregating the financial information for the government-wide financials, some amounts reported as interfund activity and balances in the fund financial statements have been eliminated or reclassified. Government-Wide Financial Statements: Interfund activity and balances, if any, are eliminated or reclassified in the government-wide financial statement as follows: a. Internal balances - amounts reported in the fund financial statements as interfund receivables and payables are eliminated in the governmental and business-type activities columns of the statement of net position, except for the net residual amounts due between governmental and business-type activities, which are reported as Internal Balances.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Internal activities - amounts reported as interfund transfers in the fund financial statements are eliminated in the government-wide statement of activities except for the net amount of transfers between governmental and business-type activities, which are reported as Transfers - Internal Activities. The effects of interfund services between funds are not eliminated in the statement of activities.

Primary government and component unit activity and balances - resource flows between the primary government (the City and EPWA) and the discretely presented component units (the Historical Preservation Trust, Park Conservancy Trust, and EEDA) are reported as if they were external transactions.

Fund Financial Statements: Interfund activity, if any, within and among the governmental, proprietary fund and fiduciary categories is reported as follows in the fund financial statements: 1.

Interfund loans - amounts provided with a requirement for repayment are reported as interfund receivables and payables.

Interfund services - sales or purchases of goods and services between funds are reported as revenues and expenditures/expenses.

Interfund reimbursements - repayments from funds responsible for certain expenditures/expenses to the funds that initially paid for them are not reported as reimbursements but as adjustments to expenditures/expenses in the respective funds.

Interfund transfers - flow of assets from one fund to another where repayment is not expected are reported as transfers in and out.

1.F. REVENUES, EXPENDITURES AND EXPENSES Sales Tax The City levied a three and three-fourth cent sales tax on taxable sales within the City. The sales tax is collected by the Oklahoma Tax Commission and remitted to the City in the month following receipt by the Tax Commission. The sales tax is recorded as follows: 2 cents recorded as revenue within the General Fund then transfers .75 of one cent to the EPWA Fund as required by the bond indenture for debt service. Any unused portion is transferred back to the General Fund. 1/8 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. 3/4 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 Financing Task Force. 1/4 cent recorded as revenue within the Fire Public Safety Limited Tax Fund to account for improvements to the department per voter approval. 1/8 cent recorded as revenue within the Police Public Safety Limited Tax Fund to account for improvements to the police department per voter approval. 1/2 cent recorded as revenue within the 2017 Capital Improvement Fund to account for capital projects approved by Capital Improvement Project Advisory Board.

Sales tax resulting from sales occurring prior to year-end and received by the City after year-end have been accrued and is included under the caption Due from Other Governments because they represent taxes on sales occurring during the reporting period. 51

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Police and Fire Public Safety Funds Revenue 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. Effective July 1, 2001, all fire and police expenditures were accounted for in the limited purpose sales tax special revenue funds. The special revenue funds also receive sales tax (approved in the same ordinance referenced above) of one-fourth percent for the fire department and one-eighth percent for the police department. Those sales taxes can only be expended for additional personnel and equipment for additional personnel, additional equipment for firefighting and law enforcement purposes, and for competitive compensation and benefits for existing and retired firefighters and officers. The ordinance further states that expenditures will not be charged against the sales tax revenues until the General Fund revenues have first been used or encumbered. Hospital Sales Trust Fund Principal and Income In 1981, the City sold the Edmond Memorial Hospital for $7,300,000 plus interest and less Hospital liabilities for net proceeds of $7,098,616. The Corpus of the Trust shall be invested in one or more of the following types of obligations selected by the Authority by written direction to the Bank as to kind and maturity: 1) direct obligations of the United States of America; or 2) obligations of agencies of the United States of America guaranteed by the United States of America; or 3) Certificates of Deposit of the Bank or any bank selected by the Bank. All interest collected by the Bank on such investments shall be deposited, as collected, in the Sale Fund. The Authority shall be entitled to: a) trade other obligations (within the foregoing categories) for obligations held by the Bank hereunder; b) purchase obligations from the Bank for cash; c) deposit money into the Trust upon the agreement of the Bank to repay the same to the Authority with or without interest. The Bank shall be entitled to receive from the Authority a reasonable annual fee. The income from the investment of the principal shall be utilized to make capital improvements to the properties of the City or the Authority upon the written request of the Authority. The principal shall not be invaded for any said capital improvement unless the question of the expenditure shall be submitted and approved by the electors of the City of Edmond, at an election called and held for that purpose. Pension Contributions For the purpose of measuring the net pension asset, net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, amounts and disclosures have been prepared using the accrual basis of accounting. Employee and employer contributions are recognized as System revenues in the period in which they are due to the plan. Benefits and refunds are recognized when due and payable pursuant to plan provisions. Investments are reported at fair value. Property Tax Under State law municipalities are limited in their ability to levy a property tax. Such tax may only be levied to repay principal and interest on general obligation bonded debt approved by voters and any court-assessed judgments. At the present time the City levies a property tax for court-assessed judgments only. There are currently no court assessed judgments against the City. Article 10, Section 26 of the Constitution of the State of Oklahoma limits municipal debt to be repaid with property tax to 10% of the net assessed valuation of property. The City currently has no debt outstanding under this provision.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Pledge of Future Revenues Sales Tax Pledge - The City has pledged three-fourth cents (or 20%) of future sales tax revenues to repay $369,575,000 of Series 2014B, 2016, 2017, 2021A, 2021B, 2023A, 2023B, 2023C, and 2024 Sales Tax and Utility System Bonds. Proceeds from the bonds provided financing for capital assets. The bonds are payable from pledged sales tax revenues and further secured by net electric, water, wastewater, and sanitation revenues. The bonds are payable through 2027, 2047, 2048, 2037, 2027, 2038, 2038, 2038, and 2038 respectively. The total principal and interest payable for the remainder of the life of these bonds is $454,445,172. Pledged sales taxes received in the current year were $15,786,240 for the bonds and the net utility revenues were $82,954,842. Debt service payments for the bonds of $24,656,444 for the current fiscal year were 156% of the pledged sales taxes and 26% of both pledged sales taxes and utility revenues. Utility Net Revenues Pledge – The City has also pledged future net electric, water, wastewater, and sanitation revenues to repay $229,140,000 of 2016, 2017, and 2024 Series Utility System Revenue Bonds and $16,085,000 on the General Sales Revenue Note with Bank of America, $19,000,000 of 2018 OWRB Note Payable, $40,000,000 of the 2020C OWRB Note Payable, $20,000,000 of the 2020B OWRB Note Payable, $12,730,000 of the 2021 CW OWRB Note Payable, $45,000,000 of the 2021 DW OWRB Note Payable, $140,000,000 of the 2022A DW OWRB Note Payable, $74,465,000 of the 2022B OWRB Note Payable, $30,000,000 of the 2024A CW OWRB Note Payable, $70,450,000 of the 2024C OWRB Note Payable, and $9,335,000 of the 2024D DW OWRB Note Payable. Proceeds from the bonds and notes provided financing for utility system capital assets. The bonds are payable through 2047, 20247, 2048, and 2039, respectively, while the notes are payable through 2027, 2041, 2052, 2053, 2052, 2055, 2056, 2052, 2055, 2054 and 2055, respectively. The total principal and interest payable for the remainder of the life of these bonds and notes is $976,016,032. The bonds are payable from the above-mentioned utility net revenues and are additionally secured with .75 of one cent (or 20%) of future sales tax revenues. If the net utility revenues are sufficient to service the debt, the pledged sales taxes are transferred back to the General Fund. The total pledged sales taxes for the current fiscal year of $15,786,240 were returned to the General Fund. The debt service payments on the bonds and notes this year were $26,857,085 which was 32.4% of pledged net utility revenues of $82,954,842 and 27.2% of both pledged utility revenues and pledged sales taxes. Expenditures and Expenses In the government-wide statement of activities, expenses, including depreciation of capital assets, are reported by function or activity. In the governmental fund financial statements, expenditures are reported by class as current (further reported by function), capital outlay and debt service. In proprietary fund financial statements, expenses are reported by object or activity. Fiduciary funds report additions and deductions to net position. 1.G. USE OF ESTIMATES The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures; accordingly, actual results could differ from those estimates. The City generally uses an estimate based on municipal bond rate yield curves as the discount rate for leases unless the rate that the lessor/vendor charges is known. 1.H. CHANGE IN ACCOUNTING PRINCIPLE

1.H. CHANGE IN ACCOUNTING PRINCIPLES Implementation of New Accounting Principle – The City implemented GASB 101, Compensated Absences, effective July 1, 2024. This statement updates the recognition and measurement guidance for compensated absences by aligning the recognition and measurement guidance under a unified model and by amending certain previously required disclosures. As a result of implementing this new standard, the City recognized a restatement that decreased beginning net position as explained in Note 3.H.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Change in Existing Accounting Principle – Long-term debt of governmental funds is generally not reported as liabilities in the fund financial statements. However, for certain debt issuances, the City provides financial resources to a Debt Service Fund throughout the year in accordance with bond resolutions. At June 30, 2024, the City reported a portion of these issuances that mature shortly after yearend as debt service liabilities and expenditures in the fund financial statements under an election provided by generally accepted accounting principles. Effective July 1, 2024, the City discontinued that election and no longer reports these debt service liabilities in its governmental funds. As a result of this change in accounting principle, the City has recognized a restatement increasing its governmental fund balance as also explained in Note 3.H. NOTE 2. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY By its nature as a local government unit, the City and its component units are subject to various federal, state, and local laws and contractual regulations. An analysis of the City’s compliance with significant laws and regulations and demonstrations of its stewardship over City resources follows. 2.A. DEFICIT FUND BALANCES OR NET POSITION Title 11, Section 17-211 of the Oklahoma Statutes prohibits the creation of a deficit fund balance in any individual fund of the City (excluding public trusts). At June 30, 2025, due to timing issues caused by generally accepted accounting principles, the City reported a deficit in the CDBG Entitlement Fund, IRA Grant Fund, and the TIF #1 Downtown Fund. 2.B. DEPOSITS AND INVESTMENTS REQUIREMENTS The Treasurer is authorized to invest funds in such securities as provided by Oklahoma State Statutes. The City’s General/Operating and Public Works Authority Funds Investment Policy may be more restrictive than that allowed by state statute. The securities authorized by the approval of this policy shall be: a.

Direct obligations of the United States Government, its agencies, or instrumentalities to the payment of which the full faith and credit of the Government of the United States is pledged or obligations to the payment of which the full faith and credit of the State of Oklahoma is pledged; or

Collateralized or insured certificates of deposits of savings and loan associations, banks, savings banks, and credit unions located in this state, when the certificates of deposit are secured by acceptable collateral as provided in Oklahoma State Title 62, Section 517.5 or fully insured certificates of deposit at banks, savings banks, savings and loan associations and credit unions located out of state; or

Savings accounts or saving certificates of savings and loan associations, banks, and credit unions, to the extent that the accounts or certificates are fully insured by the Federal Deposit Insurance Corporation; or

Investments as authorized by Oklahoma State Title 62, Section 348.3 which are fully collateralized in investments specified in paragraphs 1 through 3 of this section, and where the collateral has been deposited with a trustee or custodian bank in an irrevocable trust or escrow account established of such purposes; or

County, municipal or school district direct debt obligations for which an ad valorem tax may be levied or bond and revenue anticipation notes, money judgments against such county, municipality or school district ordered by a court of record or bonds or bond and revenue anticipations notes issued by a public trust for which such county, municipality or school district is a beneficiary thereof. All collateral pledged to secure public funds shall be valued at no more than fair value. The income received from the investment may be placed in the general fund of the governmental subdivision to be used for general governmental operations, the sinking fund, the building fund, or the fund from which the investment was made; or

Obligations of the United States government, its agencies and instrumentalities; or 54

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Collateralized or insured certificates of deposits and other evidence of deposit at banks, saving banks, savings and loan associations and credit unions located within the state; or full insured certificates of deposit and banks, savings banks, savings and loan associations and credit unions located out of state; or

Negotiable certificates of deposit issued by a nationally or state-charted bank, savings bank, a savings and loan association or a state-licensed branch of a foreign bank. Purchases of negotiable certificates of deposits shall not exceed ten percent (10%) of the surplus funds of the city or county which may be invested pursuant to this section. Not more than one-half (1/2) of the ten percent (10%) limit shall be invested in any one financial institution specified in this paragraph; or

Prime banker’s acceptances which are eligible for purchase by the Federal Reserve System and which do not exceed two hundred seventy (270) days’ maturity. Purchases of prime banker’s acceptances shall not exceed ten percent (10%) of the surplus funds of the city or county which may be invested pursuant to this section. Not more than one-half (1/2) of the ten percent (10%) limit shall be invested in any one commercial bank pursuant to this paragraph; or

Prime commercial paper which shall not have a maturity that exceeds one hundred eighty (180) days nor represent more than ten percent (10%) of the outstanding paper of an issuing corporation. Purchases of prime commercial paper shall not exceed seven and one-half percent (7 ½ %) of the surplus funds of the city or county which many be invested pursuant to this section; and

Repurchase agreements that have underlying collateral consisting of those items specified in paragraphs a through e of this subsection.

Money market funds regulated by the Securities and Exchange Commission and which investments consist of those items and those restrictions in paragraphs 1 through 6 of this subsection.

Public trusts created under O.S. Title 60 and pension trust funds are not subject to the above noted investment limitations and are primarily governed by any restrictions in their trust or bond indentures. 2.C. DEBT RESTRICTIONS AND COVENANTS Notes Payable The loan agreement with the Oklahoma Water Resources Board relating to the interim construction note payable of the Edmond Public Works Authority contains a number of financial restrictions or covenants. These include covenants requiring a flow of funds through special accounts and a note payable debt service coverage requirement. The note agreement requires net revenues of the system plus pledged and transferred sales tax to be at least 125% of maximum annual debt service. Revenue Bond Debt The bond indentures relating to the revenue and sales tax bond issues of the Edmond Public Works Authority and the City contain a number of financial restrictions or covenants. These include covenants requiring a flow of funds through special accounts, required reserve account balances and revenue bond debt service coverage requirement. The 2014B, 2016, 2017, and 2024 series sales tax and utility revenue bond indentures require (1) a reserve account balance $17,003,947 and (2) net revenues plus pledged and transferred sales tax to be at least 100% of the maximum annual debt service requirements. The City complied with these covenants.

NOTE 3. DETAIL NOTES - TRANSACTION CLASSES/ACCOUNTS The following notes present detailed information to support the amounts reported in the basic financial statements for its various assets, liabilities, equity, revenues, and expenditures/expenses. 55

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

3.A. DEPOSIT AND INVESTMENT RISKS Primary Government: The City of Edmond, including its blended component unit held the following deposits and investments at June 30, 2025. M aturities in Years

Fair Value Fair Value

Type Demand accounts

Rating

Category (3)

14,367,334

n/a

Time deposits

48,146,970

n/a

M oney market funds

212,661,022

U.S. Treasury Obligations

185,655,533

(1)

U.S. Government sponsored enterprises

118,522,741

(2)

M utual Funds-fixed income

26,836,497

Sub-total

Demand

Less Than One

$ 14,367,334

1-5 $

6 - 10 -

30,207,859

n/a

212,661,022

Level I

64,845,844

25,211,565

Level II

135,879,366

84,677,634

Level I

606,190,097

$ 14,367,334

443,594,091

109,889,199

26,836,497

$ 26,836,497

M utual Funds: Alternative

10,402,381

n/a

Level I

Equity Funds

77,746,539

n/a

Level I

n/a

Level I

Sub-total M utual Funds

88,148,920

Common and preferred stock Total Investments

4,640,372 $

698,979,389

Reconciliation to Statement of Net Position: Cash and cash equivalents

38,002,991

Investments

341,291,320

Current restricted cash and cash equivalents

175,255,230

Current restricted investments

9,437,850

Noncurrent restricted cash and cash equivalents

12,634,534

Noncurrent restricted investments

1,610,952

Pension retirement fund assets

120,708,339

Agency fund cash and investments

38,173 $

698,979,389

** Unrated

(1) U.S. obligations include Treasury bills, Treasury notes, and Treasury bonds. U.S. obligations are backed by the full power of the United States government and are guaranteed by the full faith and credit of the United States government. (2) U.S. government sponsored enterprise (GSE) securities are debt issued by a financial intermediary established by the federal government to fund loans for a public purpose. GSE’s lack the explicit backing of the U.S. government but are federally chartered entities. GSE securities are rated AA by S&P and Aaa by Moody’s Rating. (3) The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. a. b. c.

Level 1 Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; Level 2 Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset and liability, either directly or indirectly, for substantially the full term of the financial instrument; Level 3 Inputs to the valuation methodology are unobservable. An entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities are used for determining the fair value of the assets or liabilities.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Custodial Credit Risk – Exposure to custodial credit risk related to deposits exists when the City holds deposits that are uninsured and uncollateralized; collateralized with securities held by the pledging financial institution, or by its trust department or agent but not in the City’s name; or collateralized without a written or approved collateral agreement. Exposure to custodial credit risk related to investments exists when the City holds investments that are uninsured and unregistered, with securities held by the counterparty or by its trust department or agent but not in the City’s name. The City’s policy as it relates to custodial credit risk is to secure its uninsured deposits with collateral, valued at no more than fair value, at least at a level of 102% of the uninsured deposits and accrued interest thereon. The investment policy also limits acceptable collateral to U.S. Treasury securities and direct debt obligations of municipalities, counties, and school districts in the state of Oklahoma. As required by Federal 12 U.S.C. Section 1823(e), all financial institutions pledging collateral to the City must have a written collateral agreement approved by the board of directors or loan committee. At June 30, 2025, the City was not exposed to custodial credit risk as defined above. Investment Credit Risk – The City’s investment policy limits investments to those with a maturity no more than five years from the date of purchase, except for reserve and pension trust funds, as a means of managing exposure to fair value losses arising from increasing interest rates. These investment limitations are described in Note 2B. Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The City has no formal policy limiting investments based on credit rating but discloses any such credit risk associated with their investments by reporting the credit quality ratings of investments in debt securities as determined by nationally recognized statistical rating organizations—rating agencies—as of the year end. Unless there is information to the contrary, obligations of the U.S. government or obligations explicitly guaranteed by the U.S. government are not considered to have credit risk and do not require disclosure of credit quality. The credit ratings of other City investments are listed in the schedule above. Investment Interest Rate Risk – Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The City discloses its exposure to interest rate risk by disclosing the maturity dates of its various investments in the schedule above. Concentration of Investment Credit Risk - Exposure to concentration of credit risk is considered to exist when investments in any one issuer represent a significant percentage of total investments of the City (any over 5% are disclosed). Investments issued or explicitly guaranteed by the U.S. government and investments in mutual funds, external investment pools, and other pooled investments are excluded from this consideration. At June 30, 2025, the City had a total portfolio concentration of credit risk in the following investments: FFCB 4.92%, FMAC 7.21%, FHLMC 4.21%, and FHLB 16.44%. Pension Plan Investments: The Pension Plan policy provides that assets be invested to provide for total return. The plan shall be invested in a diversified portfolio, consisting primarily of common stocks, bonds, cash equivalents, and other investments, which may reflect varying rates of return. The overall rate of return objective of the portfolio is a reasonable “real” rate, consistent with the risk levels established by the Pension Board. The minimum acceptable long-term rate of return over a full market cycle (3 to 5 years) is that which equals or exceeds the actuarial assumptions. The Pension Board has also established an annual target return objective, which may be changed from time to time, but is currently 7.25 %, net of fees. This return objective currently meets the actuarial assumption of 7.25%. Asset allocation guidelines for the Plan are as follows:

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Long-term Expected Class

Target Percentage

Rate of Return

Fixed Income

20%

Domestic Equities

23%

International Equities

29%

Real Estate, commodities and partnerships

28%

Rate of return. For the year ended June 30, 2025, the annual money-weighted rate of return on pension plan investments, net of pension plan investment expense, was 13.05 percent. The money-weighted rate of return expresses investment performance, net of investment expense, adjusted for the changing amounts actually invested. Component Units: Total bank deposits of the EEDA component unit were $1,103,280 at June 30, 2025 and were properly insured and collateralized. In addition, deposits of the Historical Preservation Trust of $98,925 were fully collateralized and deposits of $324,478 of the Park Conservancy Trust were fully insured and collateralized. 3.B. RECEIVABLES Accounts Receivable Accounts receivable of the business-type activities consists of customers’ utilities services provided, both billed and unbilled, due at year end, reported net of allowance for uncollectible amounts. The governmental activities receivable includes fines, other taxes, and miscellaneous receivables as follows: EPWA

Business-Type Activities: Utilities Receivable

27,664,982

24,233,405

1,740,478 25,973,883

Less: allowance for uncollectible accounts

(3,431,577)

Utilities receivable, net of allowance Other Receivables-Business-Type Activities Total Accounts Receivable-Business-Type Activities Governmental Activities:

Other Taxes Receivable

Fines Receivable Other receivables Less: allowance for uncollectible accounts Other receivables, net of allowance

7,039,430

(4,791,127) 2,248,303

485,574

Miscellaneous Receivables

Total

5,330,919

12,855,923

5,330,919

(4,791,127) 8,064,796

Opioid Settlement Funds - In June 2022, drug manufacturer distributors reached a $308 billion-dollar nationwide settlement related to opioid lawsuit(s). These funds will be disbursed to each litigating party over an 18-year period according to an allocation agreement reached with all participating states. Oklahoma’s Memorandum of Agreement (MOA) between the state and local governments for the settlement funds allocates the funds as follows:  25% of Net Opioid Funds to Litigating Political Subdivisions  10% of allocation to establish an appeal fund  75% to the State of Oklahoma The City as a litigating party received $289,260 as part of this settlement in fiscal year 2025. Pursuant to the terms of the MOA, the City created a special revenue fund, the Opioid Drug Fund, to account for these funds. The City is 58

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

a litigating party in five settlements that will be paid out over 18 years. A receivable of $3,157,568 is included in the miscellaneous receivable above. This amount was also recognized as unavailable revenue at the fund level. All funds are to be used for opioid abatement and remediation activities. Funds are restricted until expended. During the current fiscal year, the City expended $137,516. 3.C. LEASES RECEIVABLE The City as a lessor, has entered into lease agreements involving buildings and land. The total amount of inflows of resources, including lease revenue and interest revenue recognized during the fiscal year was $73,678. 3.D. RESTRICTED ASSETS The amounts reported as restricted assets of the business-type activities are comprised of assets held by the trustee bank on behalf of the EPWA related to their required revenue note and bond accounts, deposits held for refund and EEDA restricted accounts related to revolving loan program income. Governmental activity restricted assets are comprised of assets held by a trustee bank on behalf of the City related to required revenue bond accounts and workers compensation escrow. Current Cash and cash equivalents

Noncurrent Cash and cash equivalents Investments

Investments

Total

Primary Government Governmental Activities: Revenue bond trustee accounts

Workers' compensation escrow Total Governmental Activities

51,727,249

17,375,935

137,261

12,497,273

51,727,249

53,475,462

29,873,208

1,610,952 $

1,610,952

1,748,213

Business-type Activities: Revenue bond trustee accounts Deposits held for refund

Deposits held for construction Total Business-type Activities

9,437,850

106,152,046 $

123,527,981

9,437,850

12,497,273

9,437,850 -

106,152,046 $

145,463,104

Component Unit: The Edmond Economic Development Authority (EEDA) restricted assets at year-end included the following: Current Cash and cash equivalents, program income Total

43,040

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

3.E. CAPITAL ASSETS Capital asset activity for the fiscal year ended June 30, 2025, was as follows: Balance at July 1, 2024

Additions

Balance at June 30, 2025

Deductions

Governmental activities: Non-depreciable: Land Construction-in-progress Total non-depreciable assets at historical cost

Depreciable: Buildings

31,209,400 81,985,474 113,194,874

60,300 78,320,054 78,380,354

(38,704,173) (38,704,173)

31,269,700 121,601,355 152,871,055

121,781,262

1,726,681

123,507,943

Intangible Leased Buildings Improvements

1,671,814 71,586,314

19,001,929

1,671,814 90,588,243

M achinery and equipment Intangible Leased Equipment

81,341,378 496,820

10,175,232 -

Infrastructure Intangible SBITA

424,839,790 235,315

23,689,377 938,152

701,952,693

55,531,371

Total depreciable assets at historical cost Less accumulated depreciation and amortization:

(1,506,009) -

90,010,601 496,820

448,529,167 1,173,467

(1,506,009)

755,978,055

Buildings

(43,995,537)

(3,622,807)

(47,618,344)

Intangible Leased Buildings Improvements

(340,388) (46,157,767)

(326,545) (5,998,602)

(666,933) (52,156,369)

M achinery and equipment Intangible Leased Equipment

(46,464,600) (46,033)

(4,709,698) (89,725)

Infrastructure Intangible SBITA

(253,078,127) (43,141)

(14,454,691) (151,302)

(390,125,593)

(29,353,370)

1,299,388

(418,179,575)

311,827,100

26,178,001

(206,621)

337,798,480

Total accumulated depreciation Net depreciable assets Governmental activities capital assets, net Business-type activities Non-depreciable: Land

Construction-in-progress Total non-depreciable assets at historical cost

425,021,974

5,745,160

464,382,838 470,127,998

Depreciable: Buildings

104,558,355

1,299,388 -

(49,874,910) (135,758)

100,314,891 100,314,891

(38,910,794)

(267,532,818) (194,443)

(57,599,828) (57,599,828)

490,669,535

5,745,160 507,097,901 512,843,061

66,010,539

Improvements

17,321,648

M achinery and equipment Intangible water rights

13,824,123 30,954,585

959,019 -

(96,917) -

14,686,225 30,954,585

Utility property Totals depreciable assets at historical cost

487,230,865 615,341,760

69,067,796 70,026,815

(96,917)

556,298,661 685,271,658

Less accumulated depreciation Buildings

(18,030,788)

(1,995,812)

(20,026,600)

Improvements M achinery and equipment

(5,682,432) (8,932,550)

(76,404) (703,633)

72,404

(5,758,836) (9,563,779)

(21,914,574) (247,142,394)

(644,232) (16,359,409)

(22,558,806) (263,501,803)

(301,702,738)

(19,779,490)

72,404

(321,409,824)

313,639,022

50,247,325

(24,513)

363,861,834

Intangible water rights Utility property Total accumulated depreciation Net depreciable assets Business-type capital assets, net

783,767,020

150,562,216

(57,624,341)

876,704,895

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Component Units: Historical Preservation Trust: Non-depreciable: Land Capital assets, non-depreciable Depreciable: Buildings Totals at historical cost Less accumulated depreciation: M achinery and equipment Totals accumulated depreciation Capital assets, depreciable net

Balance at July 1, 2024

Additions

Deductions

Balance at June 30, 2025

100,450 100,450

343,915 343,915

(329,272) (329,272) 14,643

(841) (841) (841)

(330,113) (330,113) 13,802

Capital assets, net

115,093

(841)

114,252

Park Conservancy Trust Non-depreciable: Construction in progress Capital assets, non-depreciable Capital assets, net

27,700 27,700 27,700

Edmond Economic Development Authority: Depreciable: Intangible leased Building M achinery and equipment Intangible leased machinery and equipment Totals at historical cost Less accumulated depreciation and amortization: Intangible leased Building M achinery and equipment Intangible leased machinery and equipment Total accumulated depreciation and amortization Net depreciable assets Capital assets, net

105,693 45,039 5,090 155,822

(759) (759)

105,693 44,280 5,090 155,063

(46,241) (40,329) (2,714) (89,284)

(19,817) (2,953) (1,357) (24,127)

759 759

(66,058) (42,523) (4,071) (112,652)

66,538 $

66,538

(24,127) $

(24,127)

42,411 $

42,411

Depreciation expense was charged to functions in the statement of activities as follows: Depreciation and amortization expense charged to governmental activities: General government

2,002,519

Public safety

2,557,606

Streets and highways

16,560,140

Culture and recreation

3,537,942

Health and welfare

203,959

In addition, depreciation on capital assets held by the City's internal service funds is charged to the various functions based on their usage of the assets

4,491,204

Total governmental activities depreciation and amortization expense

29,353,370

4,704,169

Depreciation expense charged to business-type activities: Electric Water

8,740,347

Sanitation

6,294

Wastewater

5,280,619

Arcadia Lake

169,237

Drainage

64,245

Golf Course CityLink Total business-type activities depreciation expense

738,386 76,193 19,779,490

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

3.F. LONG-TERM DEBT The reporting entity's long-term obligations are segregated by the amounts involving governmental activities, business-type activities, and component units. Governmental Activities Long-Term Debt As of June 30, 2025, the governmental activities long-term debt consisted of the following: Accrued Compensated Absences: Accrued compensated absences reported in the governmental activities are comprised of accrued vacation leave. Current portion Non-current portion Total Accrued Compensated Absences

$6,576,522 8,667,810 $15,244,332

Lease Liability: The City has active leases for equipment, infrastructure, and buildings. The leases have payments that range from $817 to $110,921 and interest rates that range from 0.40% to 3.23%. The lease terms include extension options, which are reasonably certain to be exercised.

$1,460,646

Current portion Non-current portion Total Lease Liabilities

$388,440 1,072,206 $1,460,646

SBITA Liability: In August 2023, the City entered into a five-year subscription for the use of software related to body cameras. An initial subscription liability was recorded in the amount of $235,316. The City is required to make annual fixed payments of $49,785 with an interest rate of 2.89%. In March 2025, the City entered into a three-year subscription for the use of software. In initial subscription liability was recorded in the amount of $938,152. The City is required to make annual fixed payments of $320,821 with an interest rate of 2.61%. Current portion Non-current portion Total SBITA Liabilities

$141,112

617,331 $758,443 $358,351 400,092 $758,443

Note Payable (direct placement): 2021 A Series Sales Tax Revenue Note, original issue amount of $35,000,000, dated July 21, 2021, issued by the Edmond Public Works Authority, secured by pledged sales tax, interest rates at 1.67%, final maturity July 1, 2036. The bond’s debt service is currently paid with the restricted sales tax. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; or 3) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or the lease agreement.

$34,620,000

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

2021 B Series Sales Tax Revenue Note, original issue amount $5,000,000, dated July 21, 2021, issued by the Edmond Public Works Authority, secured by pledged sales tax, interest rates at 1.39%, final maturity January 1, 2027. The bond’s debt service is currently paid with the restricted sales tax. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; or 3) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or the lease agreement.

3,220,000

2023 A Series Sales Tax Revenue Note, original issue amount of $37,100,000, dated June 1, 2023, issued by the Edmond Public Works Authority, secured by pledged sales tax, interest rates at 4.09%, final maturity March 1, 2038. The bond’s debt service is currently paid with the restricted sales tax. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; or 3) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or the lease agreement.

34,120,000

2023 B Series Sales Tax Revenue Note, original issue amount of $34,000,000, dated June 1, 2023, issued by the Edmond Public Works Authority, secured by pledged sales tax, interest rates at 4.339%, final maturity March 1, 2038. The bond’s debt service is currently paid with the restricted sales tax. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; or 3) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or the lease agreement.

31,270,000

2023 C Series Sales Tax Revenue Note, original issue amount of $10,000,000, dated June 1, 2023, issued by the Edmond Public Works Authority, secured by pledged sales tax, interest rates at 5.18%, final maturity March 1, 2038. The bond’s debt service is currently paid with the restricted sales tax. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; or 3) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or the lease agreement.

9,235,000

Total Notes Payable

$112,465,000

Current portion, net Non-current portion, net Total Notes Payable, net

$6,220,000 106,245,000 $112,465,000

Revenue Bonds Payable: 2014B Refunding Series Sales Tax and Utility System Bonds, original issue amount of $19,335,000, dated December 9, 2014, issued by the Edmond Public Works Authority, secured by utility revenues and pledged sales tax, interest rate at 2.25%, final maturity July 1, 2026. The bond’s debt service is currently paid with restricted sales tax. Current portion, net Non-current portion, net Total Revenues Bonds Payable, net

$4,385,000 $2,140,000 2,245,000 $4,385,000

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Business-type Activities Long-Term Debt As of June 30, 2025, the long-term debt payable from enterprise fund resources consisted of the following: Revenue Bonds Payable: 2016 Series Sales Tax and Utility System Bonds, original issue amount of $41,795,000, dated July 5, 2016, issued by the Edmond Public Works Authority, secured by utility revenues and pledged sales tax, interest rates at 3.00% to 5.00%, final maturity July 1, 2046.

$35,320,000

2017 Series Sales Tax and Utility System Bonds, original issue amount of $167,025,000, dated October 19, 2017, issued by the Edmond Public Works Authority, secured by utility revenues and pledged sales tax, interest rates at 3.00% to 5.00%, final maturity July 1, 2047.

144,420,000

2024 Series Sales Tax and Utility System Bonds, original issue amount of $20,320,000, dated October 10,2024, issued by the Edmond Public Works Authority, secured by utility revenues and pledged sales tax, interest rate 5.00%, final maturity January 1, 2039.

20,320,000

Total Revenues Bonds Payable Plus: Unamortized Premium Less: Unamortized Discount Total Revenues Bonds Payable, net Current portion, net Non-current portion, net Total Revenues Bonds Payable, net

$200,060,000 16,664,928 (381,260) $216,343,668 $5,335,000 211,008,668 $216,343,668

Notes Payable (Direct borrowings): 2013 Refunding General Sales Tax Revenue Note to Bank of America, original issue amount of $16,085,000 secured by utility revenues and pledged sales tax, interest rate of 2.86%, final maturity of July 1, 2026. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or lease agreement. (direct borrowing)

$1,995,000

2018 Series Construction Drinking Water SRF Promissory Note to Oklahoma Water Resources Board, original issue amount of $19,000,000, secured by utility revenues and pledged sales tax, administrative fee of .5%, interest rate of 2.36%, final maturity September 15, 2040. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or lease agreement. (direct borrowing)

15,321,635

2020 B Series Construction Drinking Water SRF Promissory Note to Oklahoma Water Resources Board, original issue amount up to $20,000,000, secured by utility revenues and pledged sales tax, administrative fee of .5%, interest rate of 1.44%, final maturity March 15, 2053. In the event of default, the lender may: 1) file suit for specific 64

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or lease agreement. (direct borrowing)

18,748,231

2020C Series Construction Drinking Water SRF Promissory Note to Oklahoma Water Resources Board, original issue amount up to $40,000,000, secured by utility revenues and pledged sales tax, administrative fee of .5%, interest rate of 1.47%, final maturity March 15, 2052. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or lease agreement. (direct borrowing)

36,160,064

2021 Series Construction Drinking Water SRF Promissory Note to Oklahoma Water Resources Board, original issue amount of $12,730,000, secured by utility revenues and pledged sales tax, administrative fee of .5%, interest rate of 1.10%, final maturity March 15, 2052. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or lease agreement. (direct borrowing)

11,274,517

2022 Series FAP Promissory Note to Oklahoma Water Resources Board, original issue amount of $74,465,000, secured by utility revenues and pledged sales tax, administrative fee of .5%, interest rate of 5.0%, final maturity September 15, 2051. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or lease agreement. (direct borrowing)

73,205,000

2021 Series Construction Drinking Water SRF Promissory Note to Oklahoma Water Resources Board, original issue amount of $45,000,000 secured by utility revenues and pledged sales tax, administrative fee of .5%, interest rate of 2.40%, final maturity March 15, 2055. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or lease agreement. (direct borrowing)

17,872,403

2022A Series Construction Drinking Water SRF Promissory Note to Oklahoma Water Resources Board, original issue amount of $140,000,000 secured by utility revenues and pledged sales tax, administrative fee of .5%, interest rate of 2.40%, final maturity September 15, 2055. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or lease agreement. (direct borrowing)

93,262,572

2024A Series Construction Clean Water SRF Promissory Note to Oklahoma Water Resources Board, original issue amount of $30,000,000, secured by utility revenues and pledged sales tax, administrative fee of .5%, interest rate of 1.67% final maturity September 15, 2055. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of parties under provisions of the agreement. (direct borrowing) 65

861,556

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

2024C Series FAP Promissory Note to Oklahoma Water Resources Board, original issue amount of $70,450,000, secured by utility revenues and pledged sales tax, administrative fee of .5%, interest rate of 4.2% to 5.2%, final maturity September 15, 2054. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of parties under provisions of the indenture, security agreement or lease agreement. (direct borrowing) 70,450,000 2024D Series Construction Drinking Water SRF Promissory Note to Oklahoma Water Resources Board, original issue amount of $9,335,000, secured by utility revenues and pledged sales tax, administrative fee of .5%, interest rate 2.81% final maturity September 15, 2055. In the event of default, the lender may: 1) file suit for specific performance of covenants contained in the indenture; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action or inaction of parties under provisions of the agreement. (direct borrowing) 2,954,160 Total Notes Payable Plus: Unamortized Premium Less: Unamortize Discount Total Notes Payable

$342,105,138 9,390,163 (340,930) $351,154,371

Current portion Non-current portion Total Note Payable

$10,745,826 340,408,545 $351,154,371

Accrued Compensated Absences: Accrued compensated absences reported in the business-type activities are comprised of accrued vacation leave: Current portion Non-current portion Total Accrued Compensated Absences

$1,160,416 1,853,808 $3,014,224

Component Unit Long-Term Debt Accrued Compensated Absences: Accrued compensated absences reported as a fund liability within the EEDA component unit statement of net position, are as follows: Current portion Non-current portion Total Accrued Compensated Absences

$437 3,929 $4,366

Lease Liability: The City has two active leases for equipment and buildings/office space. The leases have payments that range from $1,135 to $22,416 and interest rates at 2.41% The lease terms include extension options, which are reasonably certain to be exercised.

$45,758

Current portion Non-current portion Total Lease Liabilities

$22,696 23,062 $45,758 66

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Changes in Long-Term Debt - Primary Government The following is a summary of changes in long-term debt for the year ended June 30, 2025: (Restated) Balance July 1, 2024

Additions

Balance June 30, 2025

Amount due in one year

4,385,000

$ 2,140,000

Deductions

Governmental Activities: Revenue Bonds Payable

6,420,000

Note Payable (direct placement)

2,035,000

118,460,000

5,995,000

112,465,000

6,220,000

Lease Liability

1,837,556

376,910

1,460,646

388,440

SBITA Liability

185,530

938,152

365,239

758,443

358,351

Accrued Compensated Absences

14,605,516

638,816

$ 141,508,602

1,576,968

$ 199,150,482

$ 148,592,337

184,385,000

20,320,000

15,244,332

6,576,522

8,772,149

$ 134,313,421

$ 15,683,313

5,637,681

$ 342,105,138

$ 10,745,826

4,645,000

200,060,000

5,335,000

Business-type Activities: Note Payable (direct borrowings) Revenue Bonds Payable Accrued Compensated Absences

3,218,099

$ 386,753,581

$ 168,912,337

203,875

3,014,224

1,160,416

10,486,556

$ 545,179,362

$ 17,241,242

Component Units: Lease Liability

67,914

Accrued Compensated Absences

22,156

45,758

22,696

66,444

62,078

4,366

437

134,358

84,234

50,124

23,133

Debt Service Requirements to Maturity - Primary Government The annual debt service requirements to maturity for long-term debt as of June 30, 2025, are as follows: Governmental-Type Activities Revenue Bonds Payable Year Ending June 30, 2026

Principal $

2027

Note Payable (direct placement)

Interest

2,140,000

2,245,000

Principal

208,250

101,250

6,220,000

Lease Liability

Interest $

6,450,000

3,799,221

Principal $

3,577,823

SIBITA Liability

Interest

388,440

34,047

Principal $

358,351

Interest $

20,219

396,591

24,118

359,673

10,933

2028

6,665,000

3,346,630

329,472

14,274

40,419

1,400

2029

8,590,000

3,096,613

124,945

7,055

2030

8,865,000

2,816,078

221,198

4,802

2031-2035

48,815,000

9,510,566

2036-2040 Total

4,385,000

309,500

26,860,000 $

112,465,000

1,649,704 $

27,796,635

1,460,646

84,296

758,443

32,552

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Business-Type Activities Notes Payable (direct borrowings) Year Ending June 30, 2026

Principal $

10,745,826

Revenue Bonds Payable

Interest $

Principal

13,748,406

Interest

5,335,000

8,705,936

2027

13,269,018

13,089,803

6,030,000

8,269,175

2028

12,920,374

12,724,680

6,290,000

8,002,025

2029

13,126,644

12,351,460

6,570,000

7,723,025

2030

13,335,154

11,973,393

6,855,000

7,409,075

2031-2035

70,147,715

53,868,127

39,390,000

31,977,650

2036-2040

76,902,070

42,925,010

48,430,000

22,961,688

2041-2045

78,782,865

31,372,966

48,910,000

12,288,787

2046-2050

86,629,239

18,727,417

32,250,000

2,046,675

2051-2055

71,641,632

5,316,928

2056-2060

2,988,905

34,361

less amount not drawn

(108,384,304)

Total

342,105,138

216,132,551

200,060,000

109,384,036

Defeased Bonds Outstanding The City, through its various public trusts, has in substance defeased a number of outstanding bond issues by placing deposits in irrevocable trusts (escrow accounts) for the purchase of U.S. government securities to pay the principal and interest on the refunded bonds as they become due and payable. For financial reporting purposes, both the defeased bonds outstanding and the escrowed securities have been excluded from the financial statements. At year-end, the remaining outstanding defeased bonds were as follows: Outstanding at June 30, 2025 Primary Government: Sales Tax and Utility Revenue Bonds, Series 2005 $6,465,000 Component Unit - Conduit Debt The Edmond Economic Development Authority (EEDA) has issued bonds for various industrial development projects. The following bonds were outstanding at June 30, 2025: Outstanding Original Issue June 30, 2025 EEDA - Student Housing Revenue Bonds 2001A (UCO Student Housing Foundation) $8,305,000 $3,255,000 EEDA - Revenue Note 2000 (UCO Music Lab Project) (UCO Foundation)

1,135,000 $9,440,000

66,399 $3,316,399

The bonds and notes payable comprising the Authority’s indebtedness are not indebtedness of the State of Oklahoma, nor of the City of Edmond, nor is it a personal obligation of the Edmond Economic Development Authority trustees. These bonds are a limited obligation of the Authority payable solely from a portion of the Trust Estate consisting of the Authority bond and related Financing Agreement and other security outlined in the Mortgage or Loan Indentures. This debt is considered non-commitment (conduit) debt to the City and Authority since the debt payments are made solely from the notes receivable or financing agreement proceeds from Collegiate Foundation and UCO. Payments are made directly by the Collegiate Foundation and UCO to trustee banks who pay the bondholders. In the event of default by the Collegiate Foundation and UCO, the City or Authority has no obligation, in substance, to make any payments on the debt since the notes receivable, financing agreements and mortgages on the property with the industrial occupant are the only security for the debt. As a result of the non-commitment determination, the Authority’s indebtedness and related receivables from industrial occupants are not recorded in the financial statements. 68

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

3.G. INTERFUND BALANCES AND ACTIVITIES Internal Balances: Due From

Due To

General Fund

2000 Capital Improvement Tax Fund

General Fund Fire Public Safety Limited Tax Fund Police Public Safety Limited Tax Fund 2000 Capital Improvement Fund Nonmajor Governmental Fund Other Enterprise Fund Internal Service Funds Total Due From

747 131,991 132,738

Receivable Fund General Fund CDBG Entitlement Fund Park Sales Tax General Fund Capital Improvement Tax Fund Fleet Management Fleet Management EPWA EPWA EPWA EPWA EPWA EPWA

114,535 114,535

Nonmajor Governmental Funds $

224,568 125,000 349,568

Payable Fund

EPWA $

1,913,903 8,000,000 2,515,204 230,455 $ 12,659,562

Amount

Police Public Safety Limited Tax Fund General Fund Kickingbird Golf Club Fund Downtown TIF Downtown TIF Fire Public Ssafety Limited Tax Fund CityLink General Fund 2000 CIF Vehicle Maintenance CDBG Entitlement IRA Grant Fund Downtown TIF

Internal Service Fund

747 224,568 125,000 131,991 114,535 11,500 5,455 1,913,903 8,000,000 230,455 509,409 6,867 1,998,928 $ 13,273,358

11,500 5,455 $ 16,955

Total Due To $ 2,138,471 11,500 747 8,000,000 2,761,730 130,455 230,455 $ 13,273,358

Nature of Interfund Balance Negative pooled cash Matching cost Capital funding Economic Development Economic Development Posting correction Posting correction Negative pooled cash Capital funding Negative pooled cash Negative pooled cash Negative pooled cash Economic Development

Reconciliation to Fund Financial Statements: Due From Governmental Funds Proprietary Funds Internal Service Funds

596,841 12,659,562 16,955 13,273,358

Due to $ 12,912,448 130,455 230,455 $ 13,273,358

Net Interfund Balances (12,315,607) 12,529,107 (213,500) -

Reconciliation to Government-wide Financial Statements: Net Interfund Balance Internal Service Fund Allocation

12,529,107 16,304,618 28,833,725

Interfund transfers for the year ended June 30, 2025, were as follows: Transfers In

Transfers Out

General Fund

General Fund Fire Public Safety Limited Tax Fund 2000 Capital Improvement Fund Nonmajor Governmental Fund EPWA Other Enterprise Fund Total Transfer In

20,321,020

$ 20,321,020

Fire Public Safety Limited Tax Fund

Police Public Safety Limited Tax Fund

2000 Capital Improvement Tax Fund

Nonmajor Governmental Funds

$24,292,310 $24,292,310

$ 29,798,568 $ 29,798,568

572,750 74,191 14,319,607 954,489 25,000 $ 15,946,037

EPWA $ 15,898,319 1,865,528 $ 17,763,847

Other Enterprise Funds $ 2,335,140 $ 2,335,140

Internal Service Fund

Total Transfer Out

72,897,087 74,191 14,319,607 2,820,017 20,321,020 25,000 110,456,922

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Transfer from General Fund

Transfer to

Amount

Art in Public Places

Nature of Interfund Balance 12,750

Funding for public art Budgeted annual transfer

General Fund

Capital Improvement Fund

400,000

General Fund

Fire Public Safety Limited Tax

24,292,310

Dedicated sales tax- ordinance

General Fund

Police Public Safety Limited Tax

29,798,568

Dedicated sales tax- ordinance

General Fund

Citilink Fund

2,335,140

Budgeted annual transfer

General Fund

EPWA

15,786,240

Pledged sales tax- bond indenture

General Fund

EPWA

112,079

Economic development transfer

General Fund

Marijuana Tax Fund

160,000

Budgeted annual transfer

Fire Public Safety Limited Tax

Art in Public Places

74,191

Funding for public art

2000 Capital Improvement Tax Fund

Art in Public Places

148,235

Funding for public art

Capital Improvement Fund

Art in Public Places

204,489

Funding for public art

Visit Edmond

EPWA

189,528

Economic development transfer

2000 Capital Improvement Tax Fund

Capital Improvement Fund

2,100,000

Budgeted annual transfer Debt service payments

2000 Capital Improvement Tax Fund

Revenue Bond Debt Service

12,071,372

Park Sales Tax Fund

Capital Improvement Fund

750,000

Budgeted annual transfer

Park Sales Tax Fund

EPWA

1,676,000

Budgeted annual transfer

EPWA

General Fund

100,000

Budgeted annual transfer- economic development

EPWA

General Fund

4,434,780

Budgeted annual transfer

EPWA

General Fund

15,786,240

Return of pledged sales tax

Golf

Park Sales Tax Fund

25,000

Budgeted annual transfer

110,456,922

Reconciliation to Fund Financial Statements: Transfer In Governmental Funds

Proprietary Funds

Transfer Out

90,357,935

20,098,987

Internal Service Funds

110,456,922

247,033

684,271

20,346,020

Net Interfund Balances

90,110,902

110,456,922

Reconciliation to Statement of Activities: Net transfers Capital asset transfers

437,238

Transfers between the primary government and component units for the year ended June 30, 2025, were as follows: Transfer From

Transfer To

General Fund

EEDA

General Fund

Historic Preservation Trust

General Fund

Park Conservancy Trust

247,033 (247,033)

Amount

Nature of Transfer

779,987

Operating subsidy

30,000

Operating subsidy

741,857

Operating subsidy

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

3.H. FUND BALANCES AND NET POSITION The following table shows the net position restricted for other purposes shown on the Statement of Net Position: Fund

Restricted By

Hospital Trust

Enabling legislation

Ambulatory Fund

Enabling legislation

Amount $

8,082,884 1,702,422

9,785,306

808,073

Asset Forfeiture

Statutory requirements

Cemetery Care Fund

Statutory requirements

Cemetery Perpetual Care Fund

Statutory requirements

605,503

Workers' comp escrow

Statutory requirements

1,748,213

386,367

3,548,156

2,334,740

General Fund

External contracts

Fire Public Safety Limited Tax Fund

External contracts

9,597,570

Police Public Safety Limited Tax Fund

External contracts

12,996,068

2000 Capital Improvement Tax Fund

External contracts

664,940

Opioid Settlement fund

External contracts

4,538,681

E-Cigarette

External contracts

31,242

Opioid Abatement Grant

External contracts

1,023

2017 Capital Improvement Fund

External contracts

28,688,898

Senior Center Fund

External contracts

127,659

Park Sales Tax Fund

External contracts

1,859,104 1,584,002

Hafer Park Tax Fund

External contracts

Art in Public Places Fund

External contracts

177,176

Visit Edmond Fund

External contracts

870,233

Revenue Note Debt Service Fund

External contracts

Total Governmental Restricted Net Position

3,407,677 $

66,879,013

80,212,475

32,796,944

Restricted for: Capital improvements Public safety

29,675,079

Debt service

3,407,677

General government

12,165,837

Other purposes

2,166,938

Total governmental activities restricted

80,212,475

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

The following table shows the fund balance classifications as shown on the Governmental Funds Balance Sheet: M ajor Governmental Funds

Fund Balance Nonspendable: Inventory and prepaid Restricted For: Police operations

General Fund

Fire Public Safety Tax

Police Public Safety Tax

2000 Capital Improvement Tax

Other Governmental Funds

Fire operations Hospital sale trust Ambulance services Economic development Capital improvements Art in public places

Culture and rec programs Cemetery improvements Senior center programs Police-drug programs Opioid abtement and remediation Grant programs

E-Cigarette Court technology Park improvements Juvenile court programs Transportation Roadway widening Debt Service Sub-total restricted Committed for: Capital improvements

9,597,570 -

664,779 384,695 1,190 1,284,076 2,334,740

326 12,996,068

36,613,153 -

Total

326 12,996,068

7,808,356 1,702,422 870,233 28,688,898 177,176

9,597,570 7,808,356 1,702,422 870,233 65,302,051 177,176

1,584,002 991,870 127,629 808,073 1,371,912 1,023

31,242 1,859,104 -

31,242 664,779 1,859,104 384,695 1,190 1,284,076

9,597,570

12,996,068

36,613,153

8,300,735

54,322,675

115,864,206

292,107

M ajijuana Tax programs Senior center programs Sub-total committed

161,747 116,434 570,288

Assigned for: Capital improvements Culture and rec programs

311,231 10,731

855,785 1,007,696

1,167,016 1,018,427

Cemetery improvements Art in public places Police operations Fire operations Economic development Police-drug programs

568,777 -

4,340,128 -

6,067,112 -

67,424 20,355 81,657 164,843

67,424 20,355 6,067,112 4,340,128 650,434 164,843

700,178 1,590,917 3,472,361

4,340,128 -

6,067,112 -

77,502 245,256 2,520,518 (1,538,031)

77,502 245,256 700,178 14,518,675 1,934,330

$ 7,398,018

$ 13,937,698

$ 19,063,506

$ 55,875,450

$ 132,887,825

Senior center programs Ambulance services Supplement of next fiscal years budget Sub-total assigned Unassigned (deficit): TOTAL FUND BALANCE

36,613,153

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Beginning fund balance/net position was restated as follows: Governmental Activities

Business-type Activities

Governmental Funds

Enterprise Funds

Beginning net position, as previously reported Change in accounting policy related to governmental debt Implementation GASB 101 - Accrued Compensated Absences

$ 461,833,619 (6,774,953)

629,023,532 (1,992,541)

$ 185,285,354 3,328,009 -

613,116,681 (1,992,541)

Beginning net position, restated

$ 455,058,666

627,030,991

$ 188,613,363

611,124,140

NOTE 4. OTHER NOTES 4.A. EMPLOYEE PENSION AND OTHER BENEFIT PLANS The City participates in three employee pension systems as follows: Name of Plan/System

Type of Plan

Oklahoma Police Pension and Retirement Fund

Cost Sharing Multiple Employer - Defined Benefit Plan

Oklahoma Firefighters Pension and Retirement Fund

Cost Sharing Multiple Employer - Defined Benefit Plan

City of Edmond Employees' Retirement System

Single Employer - Defined Benefit Plan

The aggregate net pension liability, deferred inflows, deferred outflows and pension expense for the plans at June 30, 2025: Police Pension Fire Pension Single Employer Plan Totals

Deferred Outflow 10,752,112 16,209,931 8,340,889 $ 35,302,932 $

Reconciliation to government-wide financials: Governmental $ 32,630,837 Business-type 2,558,398 Component unit 113,697 $ 35,302,932

Deferred Inflow 1,628,578 982,818 4,373,938 $ 6,985,334

Net Pension Liability $ 8,313,018 57,463,789 27,211,095 $ 92,987,902

5,397,311 1,478,534 109,489 6,985,334

Pension Expense 11,885,648 10,840,060 7,342,618 $ 30,068,326 $

84,755,325 8,020,023 212,554 92,987,902

Oklahoma Police and Firefighter's Pension and Retirement Systems The City of Edmond, as the employer, participates in two statewide cost-sharing multiple employer defined benefit plans on behalf of the police officers and firefighters. The systems are funded by contributions from participants, employers, insurance premium taxes, and state appropriations, as necessary. The following is a summary of eligibility factors, contribution methods, and benefit provisions.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Oklahoma Police Pension and Retirement System Plan description - The City of Edmond, as the employer, participates in the Oklahoma Police Pension and Retirement Plan—a cost-sharing multiple-employer defined benefit pension plan administered by the Oklahoma Police Pension and Retirement System (OPPRS). Title 11 of the Oklahoma State Statutes, through the Oklahoma Legislature, grants the authority to establish and amend the benefit terms to the OPPRS. OPPRS issues a publicly available financial report that can be obtained at www.ok.gov/OPPRS Benefits provided - OPPRS provides retirement, disability, and death benefits to members of the plan. The normal retirement date under the Plan is the date upon which the participant completes 20 years of credited service, regardless of age. Participants become vested upon completing 10 years of credited service as a contributing participant of the Plan. No vesting occurs prior to completing 10 years of credited service. Participants’ contributions are refundable, without interest, upon termination prior to normal retirement. Participants who have completed 10 years of credited service may elect a vested benefit in lieu of having their accumulated contributions refunded. If the vested benefit is elected, the participant is entitled to a monthly retirement benefit commencing on the date the participant reaches 50 years of age or the date the participant would have had 20 years of credited service had employment continued uninterrupted, whichever is later. Monthly retirement benefits are calculated at 2.5% of the final average salary (defined as the average paid base salary of the officer over the highest 30 consecutive months of the last 60 months of credited service) multiplied by the years of credited service, with a maximum of 30 years of credited service considered. Monthly benefits for participants due to permanent disability incurred in the line of duty are 2.5% of the participants’ final average salary multiplied by 20 years. This disability benefit is reduced by stated percentages for partial disability based on the percentage of impairment. After 10 years of credited service, participants who retire due to disability incurred from any cause are eligible for a monthly benefit based on 2.5% of their final average salary multiplied by the years of service. This disability benefit is also reduced by stated percentages for partial disability based on the percentage of impairment. Effective July 1, 1998, once a disability benefit is granted to a participant, that participant is no longer allowed to apply for an increase in the dollar amount of the benefit at a subsequent date. Survivor’s benefits are payable in full to the participant’s beneficiary upon the death of a retired participant. The beneficiary of any active participant killed in the line of duty is entitled to a pension benefit. Contributions - The contribution requirements of the Plan are at an established rate determined by Oklahoma Statute and are not based on actuarial calculations. Employees are required to contribute 8% percent of their annual pay. Participating cities are required to contribute 13% of the employees’ annual pay. Contributions to the pension plan from the City were $1,984,188. The State of Oklahoma also made on-behalf contributions to OPPRS in the amount of $2,042,404 during the calendar year and this is reported as both expense and revenue in the General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance. In the government-wide Statement of Activities, revenue is recognized for the state’s on-behalf contributions on an accrual basis of $1,735,379. These on-behalf payments did not meet the criteria of a special funding situation. Pension Net Liability (Asset), Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions - At June 30, 2025, the City reported a liability of $8,313,018 for its proportionate share of the net pension liability. The net pension liability was measured as of June 30, 2024, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of July 1, 2024. The City’s proportion of the net pension liability was based on the City’s contributions received by the pension plan relative to the total contributions received by pension plan for all participating employers as of June 30, 2024. Based upon this information, the City’s proportion was 3.174%. For the year ended June 30, 2025, the City recognized pension expense of $11,885,648. At June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Difference between expected and actual experience

Deferred Outflows of Resources

Deferred Inflows of Resources

3,471,218

Changes of assumptions

Net difference between projected and actual earnings on pension plan investments

67,800 1,408,100

4,451,122

Changes in proportion

659,921

127,290

City contributions during measurement date

185,663

25,388

City contributions subsequent to the measurement date Total

1,984,188 10,752,112

1,628,578

In the year ending June 30, 2025, $1,984,188 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as a reduction of or addition to the net pension liability (asset) in the subsequent year. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Year ended June 30: 2026

600,213

2027

4,324,656

2028

1,447,207

2029

563,830

2030

203,440 $

7,139,346

Actuarial Assumptions-The total pension liability was determined by an actuarial valuation as of July 1, 2024, using the following actuarial assumptions, applied to all prior periods included in the measurement: Inflation:

2.75%

Salary increases:

3.5% to 12% average, including inflation

Investment rate of return:

7.5% net of pension plan investment expense

Cost-of-living adjustments: Police officers eligible to receive increased benefits according to repealed Section 50-120 of Title 11 of the Oklahoma Statutes pursuant to a court order receive an adjustment of 1/3 to 1/2 of the increase or decrease of any adjustment to the base salary of a regular police officer, based on an increase in base salary of 3.5% (wage inflation). Mortality rates:

PubS‐2010 Employee (below median) mortality tables with rates set forward 2 years and projected generationally using SOA Scale MP‐2021.

The actuarial assumptions used in the July 1, 2024, valuation was based on actuarial experience studies for a 5 year period of July 1, 2017 to June 30, 2022. During the 2024 legislative session, Senate Bill 102 was passed and became effective November 1, 2024, for the police pension plan. This bill changed the multiplier used to calculate a pension benefit from 2.5% to 3%, to be phased in between July 1, 2025, and July 1, 2030, depending on a member’s years of accrued service. Member and employer contributions increased on July 1, 2025 to 9% and 14% respectively, to offset the increase in benefit costs.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

The long-term expected rate of return on pension plan investments was determined using a building block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense, and inflation) are developed for each major asset class. These ranges are combined to produce the longterm expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the pension plan's target asset allocation as of June 30, 2024, are summarized in the following table: Long-Term Expected Asset Class

Real Rate of Return

Fixed income

5.65%

Domestic equity

8.63%

International equity

10.68%

Real estate

9.55%

Private equity

11.64%

The current allocation policy is that approximately 60% of assets be invested in equity instruments, including public equity, long-short hedge, venture capital, and private equity strategies; approximately 25% of assets in fixed income to include investment grade bonds, high yield and non-dollar denominated bonds, convertible bonds, and low volatility hedge fund strategies; and 15% of assets in real assets to include real estate, commodities, and other strategies. Discount Rate-The discount rate used to measure the total pension liability was 7.5%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current contribution rate and that contributions from employers will be made at contractually required rates, determined by State statutes. Projected cash flows also assume the State of Oklahoma will continue contributing 14% of the insurance premium, as established by statute. Based on these assumptions, the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the Net Pension Liability (Asset) to Changes in the Discount Rate-The following presents the net pension liability (asset) of the employers calculated using the discount rate of 7.5%, as well as what the Plan's net pension liability (asset) would be if it were calculated using a discount rate that is 1-percentage point lower (6.5%) or 1-percentage-point higher (8.5%) than the current rate:

Police Pension net pension liability (asset)

1% Decrease (6.5%)

Current Discount Rate (7.5%)

$ 20,217,811

8,313,018

1% Increase (8.5%) $

(1,752,645)

Pension plan fiduciary net position - Detailed information about the pension plan’s fiduciary net position is available in the separately issued financial report of the OPPRS; which can be located at www.ok.gov/OPPRS.

Oklahoma Firefighter’s Pension and Retirement System Plan description - The City of Edmond, as the employer, participates in the Firefighters Pension & retirement—a cost-sharing multiple-employer defined benefit pension plan administered by the Oklahoma Firefighters Pension & Retirement System (FPRS). Title 11 of the Oklahoma State Statutes grants the authority to establish and amend the benefit terms to the FPRS. FPRS issues a publicly available financial report that can be obtained at www.ok.gov/fprs Benefits provided - FPRS provides defined retirement benefits based on members’ final average compensation, age, and term of service. In addition, the retirement program provides for benefits upon disability and to survivors upon death of eligible members. The Plan’s benefits are established and amended by Oklahoma statute. Retirement provisions are as follows: 76

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Normal Retirement: 

Hired Prior to November 1, 2013 Normal retirement is attained upon completing 20 years of service. The normal retirement benefit is equal to 50% of the member’s final average compensation. Final average compensation is defined as the monthly average of the highest 30 consecutive months of the last 60 months of participating service. For volunteer firefighters, the monthly pension benefit for normal retirement is $150.60 per month.



Hired After November 1, 2013 Normal retirement is attained upon completing 22 years of service. The normal retirement benefit is equal to 55% of the member’s final average compensation. Final average compensation is defined as the monthly average of the highest 30 consecutive months of the last 60 months of participating service. Also, participants must be aged 50 to begin receiving benefits. For volunteer firefighters, the monthly pension benefit for normal retirement is $165.66 per month.

All firefighters are eligible for immediate disability benefits. For paid firefighters, the disability in-the-line-of-duty benefit for firefighters with less than 20 years of service is equal to 50% of final average monthly compensation, based on the most recent 30 months of service. For firefighters with over 20 years of service, a disability in the line of duty is calculated based on 2.5% of final average monthly compensation, based on the most recent 30 months, per year of service, with a maximum of 30 years of service. For disabilities not in the line of duty, the benefit is limited to only those with less than 20 years of service and is 50% of final average monthly compensation, based on the most recent 60-month salary as opposed to 30 months. For volunteer firefighters, the not-in-the-line-of-duty disability is also limited to only those with less than 20 years of service and is $7.53 per year of service. For volunteer firefighters, the in-the-line-of-duty pension is $150.60 with less than 20 years of service or $7.53 per year of service, with a maximum of 30 years. A $5,000 lump sum death benefit is payable to the qualified spouse or designated recipient upon the participant’s death. The $5,000 death benefit does not apply to members electing the vested benefit. Contributions - The contributions requirements of the Plan are at an established rate determined by Oklahoma Statute and are not based on actuarial calculations. Employees are required to contribute 9% percent of their annual pay. Participating cities are required to contribute 14% of the employees’ annual pay. Contributions to the pension plan from the City were $2,551,731. The State of Oklahoma also made on-behalf contributions to FPRS in the amount of $6,227,002 during the calendar year and this is reported as both expense and revenue in the General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance. In the government-wide Statement of Activities, revenue is recognized for the state’s on-behalf contributions on an accrual basis of $6,133,120. These on-behalf payments did not meet the criteria of a special funding situation. Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions - At June 30, 2025, the City reported a liability of $57,463,789 for its proportionate share of the net pension liability. The net pension liability was measured as of June 30, 2024, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of July 1, 2024. The City’s proportion of the net pension liability was based on the City’s contributions received by the pension plan relative to the total contributions received by pension plan for all participating employers as of June 30, 2024. Based upon this information, the City’s proportion was 4.3629%. For the year ended June 30, 2025, the City recognized pension expense of $10,840,060. At June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Difference between expected and actual experience

Deferred Outflows of Resources

Deferred Inflows of Resources

Changes of assumptions

8,419,269

2,077,428

Net difference between projected and actual earnings on pension plan investments

Changes in proportion City contributions during measurement date City contributions subsequent to the measurement date Total

441,358

3,139,901

518,422

21,602

23,038

2,551,731 16,209,931

982,818

In the year ending June 30, 2025, $2,551,731 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the subsequent year. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Year ended June 30: 2026

2,703,940

2027

7,844,475

2028

1,433,085

2029

693,882 $

12,675,382

Actuarial Assumptions- The total pension liability was determined by an actuarial valuation as of July 1, 2024, using the following actuarial assumptions, applied to all prior periods included in the measurement: Salary increases: Investment rate of return: Inflation: Cost-of-living adjustments:

2.75% to 10.5% average, including inflation 7.5% net of pension plan investment expense 2.75% Paid firefighters with 20 years of service prior to May 26, 1983, receive an increase of half of the dollar amount of a 2.75% assumed increase in base pay. No COLA is assumed for members not eligible for this increase.

Mortality rates were based on the following:   

Active members—Pub-2010 Public Safety Table with generational mortality improvement using MP2021. Retired members—Pub-2010 Public Safety Below Median Table with generational mortality improvement using Scale MP-2021. Disabled members—Pub-2010 Public Safety Disabled Table set forward 2 years

The actuarial assumptions used in the July 1, 2024, valuation was based on the results of an actuarial experience study for the period July 1, 2018, to June 30, 2023. The long-term expected rate of return on pension plan investments was determined using a building block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense, and inflation) are developed for each major asset class. These ranges are combined to produce the longterm expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the pension plan's target asset allocation as of June 30, 2024, are summarized in the following table: 78

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Asset Class Fixed income

Target

Long-Term Expected

Allocation

Real Rate of Return

20%

5.86%

Domestic equity

42%

8.78%

International equity

20%

10.68%

Real estate

10%

9.68%

Other assets

6.44%

Discount Rate- The discount rate used to measure the total pension liability was 7.5%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current contribution rate and that contributions from employers will be made at contractually required rates, determined by State statutes. Projected cash flows also assume the State of Oklahoma will continue contributing 14% of the insurance premium for the Police plan. For the Firefighter plan, prior to July 1, 2021, the Plan was allocated 36% of the Statewide insurance premium tax. The State has passed legislation that changes the allocation percentage as follows: 25.2% effective September 1, 2020; 36.0% effective July 1, 2021; 37.8% effective July 1, 2022; and 36.0% effective July 1, 2027. Based on these assumptions, the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the Net Pension Liability to Changes in the Discount Rate-The following presents the net pension liability of the employers calculated using the discount rate of 7.5%, as well as what the Plan's net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower (6.5%) or 1-percentage-point higher (8.5%) than the current rate:

Fire Pension net pension liability

1% Decrease (6.5%)

Current Discount Rate (7.5%)

76,480,550

57,463,789

1% Increase (8.5%) $

41,617,685

Pension plan fiduciary net position - Detailed information about the pension plan’s fiduciary net position is available in the separately issued financial report of the FPRS which can be located at www.ok.gov/FPRS .

Edmond Employees Retirement System - Single-Employer, Defined Benefit Pension Plan Plan Description, Contribution Information, and Funding Policies The City contributes to the City of Edmond Employees' Retirement System (the "System"), which is a single employer defined benefit pension plan administered by the City of Edmond Administrative Committee. All nonunion full-time City employees are eligible to participate in the System. The City’s retirement ordinance requires that actuarial valuations be performed in each even-numbered year to determine if the City’s fixed contribution rate is adequate to fund the actuarially determined contribution requirement. The System does not issue separate annual financial statements. The System and the City have a June 30th year-end. The City has elected to use the preceding year-end of the System as its measurement date; therefore, net pension liability and related deferred inflows are reported as of June 30, 2024. The System’s pension liability was based on an actuarial valuation as of June 30, 2024. Pension payments made by the City from the measurement date to June 30, 2025, are reported as deferred outflows.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Summary of Significant Accounting Policies For the purpose of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, amounts and disclosures have been prepared using the accrual basis of accounting. Employee and employer contributions are recognized as System revenues in the period in which they are due to the plan. Benefits and refunds are recognized when due and payable pursuant to plan provisions. Investments are reported at fair value. Method Used to Value Investments - Values of System assets are reported at fair market value. As of June 30, 2024, the System held no related party investments or individual investments (other than U.S. government and U.S. government guaranteed securities) whose fair value exceeds five percent or more of the net position available for benefits. Eligibility Factors and Benefit Provisions Year established and governing authority

1966; City Ordinance

Determination of Contribution requirements

City Ordinance; actuarially determined

Employer

11.13%

Plan members

6.0%

Funding of administrative costs

Council

Investment earnings

Period required to vest

7 years

Eligibility for distribution

Age 65, or age 55 with seven years credited service

Provisions for: Disability benefits Death benefits Benefits paid:

Yes Yes Calculated on the average gross salary of a participant’s earnings during the highest 30 consecutive months of the last five years of credited service. Gross salary does not include payment of accumulated sick or annual leave upon termination of employment.

The City is required to contribute 11.13% of covered payroll to the System. These amounts were actuarially determined. System participants of the City contributed $2,507,207 during fiscal year 2025, and the City contributed $4,801,168. The Component Units (EEDA and PCT) are also required to contribute 11.13% of covered payroll to the System. These amounts were actuarially determined. System participants of EEDA contributed $14,189 during fiscal year 2025, and EEDA contributed their portion of $28,235. System participants of PCT contributed $4,806 during fiscal year 2025, and PCT contributed their portion of $9,563.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Plan Membership Non-vested active members Fully vested active members Total Active members

245 272 517

Non-active retired, beneficiaries, disabled and deferred vested participants Total Plan Participants

268 785

Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At June 30, 2025, the City reported a liability of $26,998,541, the EEDA component unit reported $158,777, and the PCT component unit reported $53,777 for their proportionate shares of the net pension liability. The net pension liability was measured as of June 30, 2024, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of July 1, 2024. There were no changes in assumptions or changes in benefit terms that affected measurement of the total pension liability. There were also no changes between the measurement date of July 1, 2024, and the City’s report ending date of June 30, 2025, that would have had a significant impact on the net pension liability. The following table reports the components of changes in net pension liability:

Balances at beginning of year, 7/1/2023

Total Pension

Plan Net

Net Pension

Liability

Position

Liability

127,657,957

98,196,791

29,461,166

Changes for the year: Service cost

4,316,888

Interest expense

9,094,117

9,094,117 (4,304,957)

Contributions – employer

4,304,957

Contributions – employee

2,336,703

(2,336,703)

Net investment income

13,103,831

(13,103,831)

Benefits paid

(8,839,737)

Change in benefit terms

2,689,503

Difference between actual and expected experience

816,785

Change in actuarial assumptions

499,991

(78,136)

78,136

8,577,547

10,827,618

(2,250,071)

Plan administrative expenses Net changes Balances at end of year, 7/1/2024

136,235,504

109,024,409

27,211,095

For the year ended June 30, 2025, the City recognized pension expense of $7,289,067, EEDA recognized pension expense (benefit) of $33,445, and PCT recognized pension expense of $20,106. At June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: City Deferred Outflows of Resources Difference between expected and actual experience Changes in assumptions

874,937

Deferred Inflows of Resources $

1,151,162

City contributions during the measurement period City contributions subsequent to the measurement date Total

6,888

6,692

66,200

9,063

521

1,957,758

15,413

1,213,568

1,180,988

46,734

79,227

186,357

209,395

13,214

7,636

4,264,449

37,798 $ 113,697

Net difference between projected and actual earnings on pension plan investments Change in proportion

850,108

Component Units Deferred Outflows Deferred Inflows of Resources of Resources

4,801,168 $ 8,227,192

109,489

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

The City’s $4,801,168 and the component unit’s $37,798 reported as deferred outflows of resources related to pensions resulting from contributions subsequent to the measurement date will be recognized as a decrease of the net pension liability in the year ended June 30, 2026. Other amounts will be reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Year ended June 30:

City 2026

2027

Component Units

(1,099,271)

2,720,818

(10,655) 19,841

2028

(1,789,006)

(20,447)

2029

(1,099,255)

(13,152)

2030

182,822

(3,756)

thereafter

245,467 $

(5,421)

(838,425)

(33,590)

Actuarial Assumptions Key assumptions used in the plan actuarial valuation were: Discount Rate

7.25%

Long-term expected rate of return

7.25%

Measurement date

7/1/2024

Inflation

2.50%

Projected salary increase*

2023 experience study

Mortality

PBG-2010 63-37 with MP2021 projection

Retirement rates*

2023 experience study

Turnover*

2023 experience study

Actuarial cost method

Entry Age Normal

* In 2011 a detailed study was completed of the Retirement System’s demographic experience over the proceeding seven years. As a result, the Actuary recommended, and the System’s Administrative Committee approved new assumptions based on actuarial experience. The assumption changes included a revised schedule of age-related retirement rates, age-related assumed pay increases replaced the 5% pay increase assumption and a new turnover assumption based on both age and employee years of service was implemented. These updates represent an ongoing and continuing process of refining prior assumptions. The City has adopted a funding method that is designed to fund all benefits payable to participants over the course of their working careers. Any differences between actual and expected experience are funded over a fixed period to ensure all funds necessary to pay benefits have been contributed to the trust before those benefits are payable. Therefore, the sufficiency of pension plan assets was made without a separate projection of cash flows. The long-term expected rate of return on pension plan investments was determined using a building block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense, and inflation) are developed for each major asset class. These ranges are combined to produce the longterm expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation (2.5%) and deducting expenses. Best estimates of arithmetic real rates of return for each major asset class included in the pension plan's target asset allocation as of June 30, 2024, are summarized in the following table:

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Asset Class

Target

Long-Term Expected

Allocation

Real Rate of Return

Domestic equity

20%

6.0%

International equity

23%

6.2%

Fixed income

29%

2.5%

28%

5.0%

Real estate, commodities and partnerships

Discount Rate The discount rate used to measure the total pension liability was 7.25%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the actuarially determined contribution amounts. Based on the assumption, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return was adjusted to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the employers calculated using the discount rate of 7.25%, as well as what the Plan's net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower (6.25%) or 1-percentage-point higher (8.25%) than the current rate: 1%

Current

Decrease

Discount

Increase

(6.25%)

Rate (7.25%)

(8.25%)

Employer's Net Pension Liability Employer's Net Pension Liability - FY 2024 actuary

44,320,607

27,211,095

12,922,774

Employer's Net Pension Liability - FY 2025 actuary

39,700,351

21,780,349

6,815,178

The components of the net pension liability of the City June 30, 2024 and 2025, were as follows: 2024 Actuary Total Pension Liability

136,235,505

2025 Actuary $

109,024,410

Plan fiduciary Net Position Net Pension Liability

Plan Fiduciary Net Position as a percentage of

27,211,095 80.03%

the total pension liability

142,689,086 120,908,737

21,780,349 84.74%

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Other Post-Employment Benefits Plan Description: City offers post-retirement benefit options for health care, prescription drug, dental and vision benefits for retired employees and their dependents that elect to make required contributions. The benefits are provided in accordance with State law, police and firefighter's union contracts and the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). The relationship for these benefits is not formalized in a contract or plan document, only a few sentences in the administrative policy. These benefits are considered for accounting purposes to be provided in accordance with a single employer substantive plan. A substantive plan is one in which the plan terms are understood by the City and plan members. This understanding is based on communication between the employers and plan members and the historical pattern of practice with regard to the sharing of benefit costs. Substantially all of the government's employees may become eligible for those post-retirement benefits if they reach normal retirement age while working for the City. Benefits cease the month prior to the date the retiree or spouse reaches age 65. Benefits provided - The Plan covers all current retirees of the City who elected post-retirement medical coverage through the City Health Plan and future retired employees of the City fully self-insured health plan. In accordance with administrative policy, the benefit levels are the same as those afforded to active employees; this creates an implicit rate subsidy. The benefits offered by the City to retirees include health, RX, and dental and vision benefits. The retiree retains coverage with the City, by making an election within 30 days of termination of service and have 7+ years of creditable service in with the City and are at least 55 years old at the time of termination. Police and Fire employees must have 20 years of service. The amount of benefit payments during fiscal year June 30, 2025, were $297,045. No assets are held in trust to fund the liability, and no governmental funds have been used to liquidate the liability. Employees Covered by Benefit Terms Active Employees Inactive not yet receiving benefits Inactive or beneficiaries receiving benefits Total

820 0 48 868

Total OPEB Liability – The total OPEB liability was determined based on actuarial valuation performed as of June 30, 2024, which is also the measurement date. Actuarial Assumptions- The total OPEB liability in the June 30, 2024, valuation was determined using the following actuarial assumptions:  Actuarial Cost Method - Entry Age Normal  Discount Rate – 4.21% based on the 20-year municipal bond yield  Retirement Age – Civilians - 55 with 7 years of service, Police and Fire 20 years of service  Medical Trend Rates

Year 2024 2025 2030 2035 2040 2045 2050 2060 2065 2070 2075

Rate 5.88% 5.86% 5.01% 4.97% 4.81% 4.70% 4.64% 4.54% 4.50% 4.20% 3.94%

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Changes in Total OPEB Liability – Total OPEB Liability $

Balances at Beginning of Year

6,454,250

Changes for the Year: Service cost Interest expense Differences in expected and actual experience Change in assumptions Benefits paid Net Changes

371,723 281,813 280,864 (42,301) (297,045) 595,054 $

Balances End of Year

7,049,304

OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB - For the year ended June 30, 2025, the City recognized an OPEB expense of $408,882. At June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: City Deferred Outflows of Resources Differences between expected and actual experience Changes of assumptions Changes in porportion City contributions during the measurement period City Contributions subsequent to the measurement date Total

Deferred Inflows of Resources

412,786 529,441 453,765 8,829 264,760 1,669,581

756,626 1,518,066 456,720 37,257 2,768,669

Component Units Deferred Outflows Deferred Inflows of Resources of Resources $

1,358 1,742 21,200 617 871 25,788

2,489 4,994 21,931 801 30,215

The $264,760 and $871 reported as deferred outflows of resources related to OPEB resulting from City benefit payments subsequent to the measurement date will be recognized as a reduction of the OPEB liability in the year ended June 30, 2026. Any other amounts reported as deferred outflows or resources and deferred inflows of resources related to OPEB will be recognized in pension expense as follows: City

Component Units

(230,518) (170,230) (155,043) (232,197) (321,157) (254,703) (1,363,848)

Year Ended June 30: 2025

2026 2027 2028

2029 Thereafter $

1,752 1,950 2,002 332 (2,486) (8,848) (5,298)

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 (3.21 percent) or 1-percentage-point higher (5.21 percent) than the current discount rate: 1% Decrease (3.21%) Employers' total OPEB liability

7,763,064

Current Discount Rate (4.21%) $

7,049,305

1% Increase (5.21%) $

6,414,831

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Sensitivity of the City’s total OPEB liability to changes in the healthcare cost trend rates - 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 healthcare cost trend rates that are 1-percentage-point lower (4.88 percent decreasing to 2.94 percent) or 1percentage-point higher (6.88 percent decreasing to 4.94 percent) than the current healthcare cost trend rates: 1% Decrease (4.88% decreasing to 2.94%) Employers' total OPEB liability

6,280,552

Current Discount Rate (5.88% decreasing to 3.94%) $

7,049,305

1% Increase (6.88% decreasing to 4.94%) $

7,959,816

4.B. RISK MANAGEMENT The City is exposed to various risks of loss related to torts, theft of, damage to, or destruction of assets; errors and omissions; injuries to employees; employee’s health and life; and natural disasters. The City manages these various risks of loss as follows: Type of Loss

Method Managed

Risk of Loss Retained

a. General Liability: - Torts - Errors and omissions - Police liability - Vehicle

City has insurance coverage for General Liability coverage. All claims are submitted to a third-party administrator for determination of liability. Claims below the self-insured retention (SIR) are accounted for within the Risk Management Fund.

City retains risk of losses up to $250,00 SIR per occurrence with excess coverage up to $5,000,000

b. Physical Property: - Theft - Damage to assets - Natural disasters

City has insurance coverage for Property & Contents and Boiler & Machinery. Claims for losses are submitted to insurance provider for reimbursement of losses.

City retains risk of loss up to the deductible amount of $25,000 for property and $25,000 for B & M. Coverage amounts vary by type of loss.

c. Workers Compensation: - Employee injuries

Self-insured with third-party administration of the claims process. Risk Management Fund used to account for activities with participating funds charged through an estimated annual claim cost for each fund. Administered by Cannon Cochran Management Services, Inc.

City retains risk of loss for first $500,000 or $750,000 of damage per occurrence depending on job classification. Stop loss insurance carried for damages above the City deductible.

d. Health and Life: - Medical - Dental - Vision - Life and ADD - LTD

Self-insured with City paying a portion of health care premiums, and all of life, ADD and LTD premiums. Administered by Aetna, Delta Dental, VSP and Symetra.

Claims up to $210,000 per individual self-funded with stop-loss insurance up to $1,000,000 per person.

The City maintains a stop-loss policy for plans to limit the risk associated with the plans. For insured programs, there have been no significant reductions in insurance coverage. Settlement amounts have not exceeded insurance coverage for the current year or the four prior years.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Claims Liability Analysis The claims liabilities related to the above noted risks of loss that are retained are determined in accordance with the requirements of GASB Statement No. 10, which requires that a liability for claims be reported if information prior to the issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. The City has elected to report its estimated claim liability at the discounted net present value of future payments. For the internal service self-insurance funds, changes in the claims liability for the City from July 1, 2023, to June 30, 2025, are as follows: Workers' Compensation Claim liability, June 30, 2023

Claims and changes in estimates

1,583,000 (987,884) 1,692,000

Tort $

708,651 (12,523,788) 1,594,093

Total $

528,000

(11,168,952) $

543,555 $

(245,555) 826,000

2,896,750 11,091,853

(539,310) $

13,409,230 $

440,000 627,310

(9,766,802) $

1,096,884 $

626,750 9,848,703

(862,840) $

Claims and changes in estimates Claims payments Claim liability, June 30, 2025

615,840

Claims payments Claim liability, June 30, 2024

Health Care

1,830,000

2,819,651 15,049,669

(13,757,227) 4,112,093

2,326,570

Reconciliation to Statement of Net Position: Current portion Noncurrent portion

1,785,523

Total

4,112,093

4.C. COMMITMENTS AND CONTINGENCIES Construction Commitments At June 30, 2025, the City had $192,454,140 of outstanding construction contracts. The City has agreed to construct a 7,000 square foot $37.1 million facility and will lease space to the YMCA and the Metropolitan Library System. The building is being constructed with the 2023A Sales Tax Revenue Note. When open the YMCA and Metropolitan Library will be responsible for utilities and insurance on their respective portions of the building. The City will contribute to the cost of major repairs exceeding a cumulative of $5,000 over a four-month period. The YMCA will contribute $13 million over 180 months at 4.09% interest towards the cost of the project to the City. The City of Edmond and the EPWA have entered into an agreement with a local developer for the construction of the Uncommon Ground Sculpture Park. Under the terms of the agreement the EPWA will contribute $10 million in the form of a development financing loan towards the construction of the infrastructure of the Park. The loan will be advanced on a reimbursement basis. The funds are to be placed in an escrow to be used during construction. At June 30, 2025, the funds are being held in the EPWA awaiting instructions from the escrow agent. In lieu of repayment of the loan, the borrower may choose to donate the real property, and all improvements constructed on the land to the Edmond Park Conservancy Trust. The developer has 30 days from the date of completion of construction to notify the City if it will choose forgiveness of the loan. In addition to the loan, the City/EPWA has agreed to waive all building and inspection permit fees, will provide improvements estimated at $500,000 to the Huntwick Detention, the cost site proof fencing for the detention and pump station, and an estimated $3 million for road improvements at Coltrane and Second Street. Also, the City has agreed to rebate the sales tax generated by the purchase of construction materials related to the project and the Fine Arts Institute within the Park. Contingencies Grant Program Involvement In the normal course of operations, the City participates in various federal or state grant/loan programs from year to year. The grant/loan programs are often subject to additional audits by agents of the granting or loaning agency to ensure compliance with specific provisions of the grant or loan. Any liability or reimbursement which may arise as a result of these audits cannot be reasonably determined at this time, although it is believed the amount, if any, would not be material. 87

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

Litigation The City is a party to various legal proceedings which normally occur in the course of governmental operations. The financial statements do not include accrual or provisions for loss contingencies that may result from these proceedings. State statutes provide for the levy of an ad valorem tax over a three-year period by a City Sinking Fund for the payment of any court assessed judgment rendered against the City. This statutory taxing ability is not available to the City’s public trusts (Authorities). While the outcome of the above noted proceedings cannot be predicted, due to the insurance coverage maintained by the City and the State statute relating to judgments, the City feels that any settlement or judgment not covered by insurance would not have a material adverse effect on the financial condition of the City. 4.D. ECONOMIC DEVELOPMENT The City is party to multiple agreements for the purpose of developing the Interstate 35 corridor within its city limits. In fiscal year 2012, the City entered into a development agreement for the development of a privately owned and managed hotel and conference center along the corridor. The City purchased land along the corridor for the hotel and conference center to be constructed for $2.2 million. The City is leasing this land to the developer under a separate ground lease. Rental payments to the City for the use of the underlying land are one dollar a year at inception until fifteen years after the opening of the facility. The ground lease contains an option for the developer to purchase the land from the City for $2.2 million at any time during the lease term with ninety days notice. The ground lease also contains a put option giving the City the right to require the developer to purchase the land for $2.2 million, which can be exercised during the period of 90 days before to 90 days after October 31, 2032, which is the fifteenth anniversary of the opening of the facility. If neither option is exercised, the City will lease the land to the developer at a market-based rate, including escalators, beginning in 2032. The ground lease ends in April 2046 with the option to extend for two successive additional terms of 10 years each. The City also funded $4.8 million towards the cost of constructing the conference center which is to be repaid to the City in accordance with a loan agreement dated September 2015. The loan agreement requires the developer to make eight annual payments of $192,000 beginning September 2024. Beginning September 2032, the developer is to make fixed annual payments of principal and interest (3%) based on a 25-year amortization with the final payment of all outstanding principal and interest due September 2049. Because the development has terms that are not within the normal and customary practices of the City, and therefore other than normal credit risks are involved, no provisions have been provided in the accompanying financial statements regarding this agreement. Expenditures in excess of the $4.8 million were funded through a separate loan to the developer from a bank. As of June 30, 2025 the developer is in default for one payments including interests on the outstanding invoices. Total amount due to the city including interest is $213,000. Edmond Tax Increment Financing District The City has created a tax increment financing district (TIF) in and around the core downtown area for purposes of spurring economic development. Pursuant to state law, ad-valorem taxes generally do not accrue to municipalities. However, a baseline ad-valorem tax within the TIF has been established and any incremental increases in these advalorem taxes above that baseline will be remitted to the City throughout the life of the TIF, except that the City has agreed that 10% of its incremental ad-valorem taxes will be paid directly to the Edmond Public Schools. Following are the City’s commitments relating to the TIF through June 30, 2025.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

In July 2020, the City entered into an agreement with a developer for the development of property in the area of West First Street. The City has agreed to provide infrastructure improvements (consisting of streetscape, lighting, utilities, drainage/stormwater, sewer, and landscaping) not to exceed $2,000,000. All cost in excess of $2,000,000 shall be paid by the developer. The project was later amended allowing for infrastructure improvements of $2,221,00 and developer incentives of approximately $201,000. The project is being funded by the City’s Capital Improvement Project Sales Tax funds. In addition, the EPWA and City will work with other taxing jurisdictions to prepare and consider approval of an increment district under the Local Development Act, 62 O.S. § 850 that will include sufficient authorizations to reimburse or replenish the City’s Capital Improvement Project Sales Tax Funds. Total authorization for the project is $2,422,725. At June 30, 2025, the City had fulfilled its obligation. In January 2022, the City entered into an agreement with a developer for streetscape improvements (i.e. sidewalks, landscaping, lighting, water line improvement, and engineering and design cost) in the Downtown TIF District. The City/EPWA has agreed to provide developer assistance in an amount equal to the lesser of: (1) the actual developer streetscape improvement project cost, or (ii) $1,600,000 in streetscape assistance. The assistance will be provided on a reimbursement basis after invoices are submitted by the developer. Total costs charged to the City through June 30, 2025, were approximately $1,100,000. The City has entered into an agreement with a local developer for the construction of a parking garage in the Downtown TIF District. Under the terms of the agreement the developer will design and construct the garage. During fiscal year 2022, the City paid the developer $3.5 million towards the construction of the garage. Once complete the City will have title to the garage and the right to 48 public parking spaces. The developer has an option to purchase the garage 10 years from the date of occupancy based on actual cost incurred to construct, adjusted for .5% annual inflation, and subject to a 39-year straight line depreciation. Additionally, the City has committed to refund the developer 25% of the property taxes paid on the garage property as well as property on which the developer will construct an apartment complex over the life of the TIF, or 20 years, up to $20 million. As of June 30, 2025, the garage has not been conveyed to the City and no property taxes have been collected. The City has entered into an agreement with a local developer for the development of a mixed-use development within the TIF District #1. The City has agreed to reimburse a total of $1,000,000 to cover $818,923 of infrastructure improvements and $181,077 as an incentive for making improvements near the campus to tie the campus and downtown together with this new development. The developer will receive $500,000 after they obtain their certificate of occupancy for the two new buildings. The remaining $500,000 will be paid from TIF proceeds produced from the project. No costs have been incurred by the City through June 30, 2025. The City entered into an agreement with a local developer to relocate a storm water line that was previously a private storm water line that went under a building to a new location within a public easement between two of their existing buildings. The developer was already removing a portion of a structure to create a walkway back to another parking area and the City contracted with that developer to move the storm water line to this new location and not cross under any of their existing buildings. The cost of relocation was approximately $1,371,000. TIF proceeds from new development in the area of this improvement will be used to reimburse the Capital Projects fund for this public improvement and developer incentives of $110,000. As of June 30, 2025, $1,392,456 has been reimbursed. The City entered into an agreement with a local developer to assist in the development of high-density single-family housing on the south end of the TIF district. The anticipated investment in new housing is $16,000,000 with the construction of 23 units. TIF proceeds will be utilized to reimburse the developer for their installation of the infrastructure and initiating a substantial housing addition downtown upon completion up to $1.65 million. As of June 30, 2025, no taxes have been received by the City. The City entered into an agreement with a local developer to fund certain infrastructure costs up to $2 million. Total costs advanced were $600,959 and the project has opened. If the project generates $5 million in sales tax annually. The City is deemed to have recouped its investment. If sales tax generated is less than $5 million annually for 6 consecutive years, the developer is to repay a portion of the City’s investment based on the terms of the agreement. Due to sales tax confidentiality statutes the amount invoiced cannot be disclosed.

CITY OF EDMOND, OKLAHOMA ANNUAL FINANCIAL REPORT June 30, 2025

In August 2023, the City entered into an agreement with a local developer to construct office and commercial space along with residential units totaling an investment of approximately $12 million, including building, land, and design costs. The term of the agreement expires on June 30, 2039, or the expiration of the TIF. Construction shall be completed by December 31, 2025, subject to extension for unavoidable delays. The City agrees to pay the developer 90% of incremental ad-valorem taxes generated by the development beginning January 1, 2025, through the life of the TIF or when the cap, defined as 12% of actual construction costs for the project. Based on preliminary costs of $9 million total assistance from the City from ad-valorem payments would total approximately $1,080,000. The First Amendment to the Agreement was executed in October 2023. It added a “Developer Affiliate” as a party to the agreement and $600,000 in incentive. Through June 30, 2025, approximately $65,000 in incremental ad valorem taxes have been received. In March 2025, an agreement was entered into with a developer to develop the following: Phase 1 - five (5) mixeduse buildings containing approximately 13,580 gross square feet in total and representing a total private investment of at least $9,000,000. Phase 2 twelve (12) townhome residences averaging approximately 1,600 gross square feet per residence and representing a total private investment of at least $10,000,000. Phase 3 six (6) townhome residences averaging approximately 2,500 square feet per residence and representing a total private investment of at least $8,000,000. Upon Completion of Phase 1, provided the Developer is not in default of its obligations under the Agreement, EPWA shall provide annual payments of Assistance in Development Financing in an amount equal to 80% of the Incremental Ad Valorem Taxes paid on the Property each year (“TIF Assistance”) up to the following maximum amounts: (a) Upon Completion of Phase 1, the maximum cumulative TIF Assistance will not exceed $1,300,000; (b) Upon Completion of Phase 2, the maximum cumulative TIF Assistance will not exceed $2,800,000; (c) Upon Completion of Phase 3, the maximum cumulative TIF Assistance will not exceed $3,181,806. No amounts have been disbursed as of June 30, 2025.

4.E. Tax Abatements The City enters into sales tax rebate agreements with local businesses as allowed in the Oklahoma State Constitution, Article 10, Section 14. Under this law, the City may establish economic development programs and provide sales tax increments for development as part of its economic development plan. The sales tax rebate program allows a developer to receive rebated sales tax in varying amounts. To be eligible for this program, the project area should be occupied by occupants operating a new business of a requisite quality. The sales tax rebate period varies with each agreement. Due to confidentiality laws in Oklahoma statutes Title 68, Section 1354.11, the amounts of sales taxes rebated will not be disclosed. The following businesses had sales tax rebate agreements with the City as of June 30, 2025: In November 2017, the City/EPWA entered into an agreement with a developer for the development of an entertainment complex. The complex opened in December 2018 and contains a movie theater and bowling alley. Under the terms of the agreement the EPWA will provide financing assistance not to exceed $4.8 million. The payment will be from the two cents sales tax the complex generates and will be paid quarterly. Taxes were rebated in fiscal year 2025. The agreement terminates in December 2038. In addition, the City has entered into an agreement with a developer for the construction of a hotel/conference center along the I-35 corridor. Under the terms of the Functional Space License the City has agreed, in exchange for services rendered in the agreement, to pay the Hotel operator quarterly the Hotel Tax collected from the hotel for a period of fifteen years from the anniversary date of the Certificate of Occupancy. The License fee of $194,731 were abated in fiscal year 2023. The License fee of $186,152 was abated in fiscal year 2024. The License fee of $189,528 was abated in fiscal year 2025.

REQUIRED SUPPLEMENTARY INFORMATION

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025

CITY OF EDMOND, OKLAHOMA BUDGETARY COMPARISON SCHEDULE GENERAL FUND For the fiscal year ended June 30, 2025

ORIGINAL BUDGET

FINAL BUDGET

ACTUAL BUDGETARY BASIS

VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE)

REVENUES TAXES: Sales tax

51,334,000

45,473,298

(5,860,702)

Use tax

17,660,481

18,543,566

Franchise

1,690,928

1,696,062

5,134

Liquor tax

31,765

167,713

135,948

70,717,174

65,880,639

(4,836,535)

Total Taxes

883,085

INTERGOVERNMENTAL: Grant revenues

15,226

22,050

6,824

Alcoholic beverage

267,545

249,772

(17,773)

Cigarette tax

675,198

508,323

(166,875)

Vehicle tax

652,926

687,715

34,789

Property resale

187,798

271,990

84,192

Gasoline tax

176,785

171,746

(5,039)

1,975,478

1,911,596

(63,882)

Total Intergovernmental

CHARGES FOR SERVICES: Recreational program fees

42,500

24,871

(17,629)

5,998,323

6,632,425

634,102

Cemetery fees

320,428

284,338

(36,090)

Curb cut fees

6,315

21,230

14,915

Animal welfare fees

15,678

9,815

(5,863)

Filing fees

131,995

101,450

(30,545)

911 fees

Right-of-Way fees

201,000

405,922

204,922

Transportation fees

5,029

Merchandise sales

16,045

21,365

5,320

Total Charges for Services

6,732,334

7,506,445

774,111

FINES AND FORFEITURES

1,156,849

2,058,052

901,203

LICENSES AND PERMITS

1,886,336

2,821,862

935,526

INVESTMENT INCOME

326,625

154,237

(172,388)

MISCELLANEOUS

176,590

181,081

4,491

82,971,386

80,513,912

(2,457,474)

20,221,020

Miscellaneous charges

TOTAL REVENUES

(50)

OTHER FINANCING SOURCES: Transfers from other funds Total Other Financing Sources TOTAL REVENUES AND OTHER FINANCING SOURCES

103,192,406

100,734,932

(2,457,474) (Continued)

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025

CITY OF EDMOND, OKLAHOMA BUDGETARY COMPARISON SCHEDULE GENERAL FUND For the fiscal year ended June 30, 2025

ORIGINAL BUDGET

FINAL BUDGET

ACTUAL BUDGETARY BASIS

VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE)

EXPENDITURES General Government: General: Personal services Other services and charges

2,300

(250)

2,550

475,302

318,266

157,036

477,602

318,016

159,586

Personal services

49,090

50,209

(1,119)

Materials and supplies

6,620

5,619

1,001

563,525

552,775

455,021

97,754

619,235

608,485

510,849

97,636

1,016,079

935,825

80,254

126,800

129,882

48,389

81,493

Total General City Council:

Other services and charges Total City Council Municipal Court: Personal services Materials and supplies Other services and charges Total Judicial

172,415

273,054

107,845

165,209

1,315,294

1,419,015

1,092,059

326,956

150,000

247,328

55,797

191,531

21,119

Edmond-Guthrie Regional Airport Other services and charges Cemetery: Personal services

276,743

255,624

Materials and supplies

15,000

11,042

3,958

Other services and charges

93,380

53,367

40,013

385,123

320,033

65,090

58,907

Total Cemetery Planning and Zoning: Personal services

1,040,735

981,828

Materials and supplies

18,800

11,434

7,366

Other services and charges

883,326

1,384,162

473,351

910,811

Total Planning and Zoning

1,942,861

2,443,697

1,466,613

977,084

TOTAL GENERAL GOVERNMENT

4,890,115

5,581,250

3,763,367

1,817,883

159,706

ECONOMIC DEVELOPMENT: Community Image: 1,163,911

1,163,911

1,004,205

Materials and supplies

Personal services

95,735

84,201

11,534

Other services and charges

538,610

539,020

492,592

46,428

Capital outlay

18,000

Total Community Image

1,798,256

1,816,666

1,598,998

217,668

TOTAL ECONOMIC DEVELOPMENT

1,798,256

1,816,666

1,598,998

217,668 (Continued)

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025

CITY OF EDMOND, OKLAHOMA BUDGETARY COMPARISON SCHEDULE GENERAL FUND For the fiscal year ended June 30, 2025

ORIGINAL BUDGET

FINAL BUDGET

ACTUAL BUDGETARY BASIS

VARIANCE WITH FINAL BUDGET POSITIVE (NEGATIVE)

PUBLIC SAFETY: Emergency Management: Personal services

235,443

Materials and supplies

45,700

Other services and charges

76,697 357,840

Capital outlay Total Emergency Management

235,443 45,700

232,331

3,112

23,289

22,411

76,697

74,878

1,819

183,135

180,405

2,730

540,975

510,903

30,072

261,975

Building Department: Personal services

1,992,598

1,730,623

Materials and supplies

52,955

54,987

38,809

16,178

Other services and charges

125,180

105,069

20,111

Total Building Department

2,170,733

2,172,765

1,874,501

298,264

TOTAL PUBLIC SAFETY

2,528,573

2,713,740

2,385,404

328,336

1,200,000

1,946,000

1,722,912

223,088

1,200,000

1,946,000

1,722,912

223,088

STREETS AND HIGHWAYS: Capital outlay TOTAL STREETS AND HIGHWAYS OUTSIDE AGENCIES: Other services and charges

1,035,700

1,035,423

277

TOTAL OUTSIDE AGENCIES

1,035,700

1,035,423

277

1,524,571

1,363,187

161,384

236,415

241,365

168,081

73,284

Other services and charges

1,306,620

1,316,194

1,152,405

163,789

Total Parks and Recreation

3,067,606

3,082,130

2,683,673

398,457

Personal services

356,470

303,171

53,299

Materials and supplies

20,250

27,923

23,849

4,074

Other services and charges

78,700

71,999

6,701

PARKS AND RECREATION: Parks and Recreation: Personal services Material and supplies

Senior Center:

Capital outlay

31,000

Total Senior Citizens

486,420

494,093

399,019

95,074

Personal services

98,370

88,335

10,035

Materials and supplies

9,620

5,292

4,328

Other services and charges

40,240

30,277

9,963

Total Festival Marketplace

148,230

123,904

24,326

Other services and charges

356,550

358,255

(1,705)

Total Historical Society

356,550

358,255

(1,705)

4,058,806

4,081,003

3,564,851

516,152

15,511,450

17,174,359

14,070,955

3,103,404

Transfers to other funds

(91,163,921)

(92,780,171)

(90,934,705)

1,845,466

Total Other Financing Uses

(91,163,921)

(92,780,171)

(90,934,705)

1,845,466

TOTAL EXPENDITURES AND OTHER FINANCING USES

106,675,371

109,954,530

105,005,660

4,948,870

Festival Marketplace:

Historical Society:

TOTAL PARKS AND RECREATION TOTAL EXPENDITURES OTHER FINANCING SOURCES (USES)

REVENUES AND OTHER SOURCES OVER (UNDER) EXPENDITURES AND OTHER USES $

(3,482,965)

(6,762,124)

(4,270,728)

2,491,396

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Budgetary Comparison Schedule Major Special Revenue Fund - Fire Public Safety Limited Tax Fund For the year ended June 30, 2025

Fire Public Safety Limited Tax Fund

Original Budget REVENUES Taxes Intergovernmental Charges for services Investment income Miscellaneous Total revenues

5,916,899 8,040 411,824 74,942 6,411,705

Final Budget

5,916,899 8,040 411,824 74,942 6,411,705

ACTUAL BUDGETARY BASIS

Variance with Final Budget Positive (Negative)

5,684,162 16,520 12,830 915,677 99,198 6,728,387

(232,737) 16,520 4,790 503,853 24,256 316,682

EXPENDITURES Current: Public Safety Personal services Materials and supplies Other services and charges Capital outlay Total Expenditures Excess (deficiency) of revenues over expenditures

27,256,651 1,258,400 1,066,803 2,034,900 31,616,754

27,256,651 1,320,336 1,540,283 9,020,313 39,137,583

24,956,949 971,793 1,303,196 7,222,293 34,454,231

2,299,702 348,543 237,087 1,798,020 4,683,352

(25,205,049)

(32,725,878)

(27,725,844)

5,000,034

OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources and uses

24,899,501 (4,557,555) 20,341,946

24,899,501 (4,501,746) 20,397,755

24,292,310 (4,441,637) 19,850,673

(607,191) 60,109 (547,082)

Net change in fund balance

(4,863,103)

(12,328,123)

(7,875,171)

4,452,952

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Budgetary Comparison Schedule Major Special Revenue Fund -Police Public Safety Limited Tax Fund For the year ended June 30, 2025

Police Public Safety Limited Tax Fund

Original Budget REVENUES Taxes Intergovernmental Fines & forfetures Charges for services Investment income Miscellaneous Total revenues

2,958,449 150,000 3,000 314,076 524,736 3,950,261

Final Budget

2,958,449 271,374 3,000 314,076 524,736 4,071,635

ACTUAL BUDGETARY BASIS

Variance with Final Budget Positive (Negative)

2,842,081 168,059 6,475 991,094 107,721 4,115,430

(116,368) (103,315) 6,475 (3,000) 677,018 (417,015) 43,795

EXPENDITURES Current: Public Safety Personal services Materials and supplies Other services and charges Capital outlay Total Expenditures Excess (deficiency) of revenues over expenditures

27,112,760 1,637,933 1,051,645 3,877,800 33,680,138

27,198,495 2,018,064 1,220,787 5,311,511 35,748,857

25,599,362 1,188,333 1,105,377 1,609,500 29,502,572

1,599,133 829,731 115,410 3,702,011 6,246,285

(29,729,877)

(31,677,222)

(25,387,142)

6,290,080

OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources and uses

30,543,388 (6,712,444) 23,830,944

30,543,388 (6,893,944) 23,649,444

29,798,568 (6,745,893) 23,052,675

(744,820) 148,051 (596,769)

Net change in fund balances

(5,898,933)

(8,027,778)

(2,334,467)

5,693,311

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025

NOTES TO BUDGETARY COMPARISON SCHEDULES BUDGETARY ACCOUNTING AND CONTROL Budget Law The City prepares its annual operating budget under the provisions of the Oklahoma Municipal Budget Act of 1979 (the "Budget Act"). In accordance with those provisions, the following process is used to adopt the annual budget: a.

Prior to June 1, the City Manager submits to the City Council a proposed operating budget for the fiscal year commencing the following July 1. The operating budget includes proposed expenditures and the means of financing them.

Public hearings are conducted to obtain taxpayer comments. Public hearings are held no later than 15 days prior to the beginning of the budget year.

Subsequent to the public hearings but no later than seven days prior to July 1, the budget is legally enacted through the passage of a resolution by the City Council.

Subsequent to City Council enactment, the adopted budget is filed with the office of the State Auditor and Inspector.

The legal level of control at which expenditures may not legally exceed appropriations is the department level within a fund. The City Manager may only transfer appropriations within expenditure categories within a department without City council approval. Transfers between expenditure categories of a department or fund and budget supplements made during the year are recommended by the City Manager and must be approved by the City Council. Supplemental appropriations must also be filed with the Office of State Auditor and Inspector. Budgetary Accounting The City prepares its budgets for all governmental fund types on a budgetary basis of accounting which differs from the modified accrual basis of accounting in the following areas: Grants that do not result in cash flow and the related expenditures are not budgeted. Internal service fund charges for services are recorded as transfers in the budgetary basis.

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025

The following is a reconciliation of those differences: City of Edmond, Oklahoma Notes to Budgetary Comparison Schedule Reconciliation of Budgetary Basis to Modified Accrual Basis For the year ended June 30, 2025

General Fund: Total Revenues Transfers In Total Revenues and Other Financing Sources

Per Statement of Revenues, Expenditures, and Changes in Fund Balance

Internal Service Fund Transfers

Total Expenditures Transfers Out Total Expenditures and Other Financing Uses Net Changes in Fund Balance

Fire Public Safety Limited Tax Fund: Total Revenues Transfers In Total Revenues and Other Financing Sources Total Expenditures Transfers Out Total Expenditures and Other Financing Uses Net Changes in Fund Balance

Police Public Safety Limited Tax Fund: Total Revenues Transfers In Total Revenues and Other Financing Sources Total Expenditures Transfers Out Total Expenditures and Other Financing Uses Net Changes in Fund Balance

80,750,682 20,321,020 101,071,702 32,193,750 72,897,087 105,090,837

Non-Cash Activity

(18,137,618) 18,137,618 -

(8) (8)

Fund Combined for Reporting Purposes

Per Budgetary Comparison Schedule

99,990 99,990

(236,762) (100,000) (336,762) (85,167) (100,000) (185,167)

80,513,912 20,221,020 100,734,932 14,070,955 90,934,705 105,005,660

(4,019,135)

(99,998)

(151,595)

(4,270,728)

12,955,386 24,292,310 37,247,696

(6,226,999) (6,226,999)

6,728,387 24,292,310 31,020,697

(4,367,446) 4,367,446 -

(6,227,001) (6,227,001) 2

45,048,678 74,191 45,122,869 (7,875,173)

6,617,833 29,798,568 36,416,401 38,275,870 38,275,870 (1,859,469)

(6,745,893) 6,745,893 -

(2,502,403) (2,502,403) (2,027,405) (2,027,405) (474,998)

34,454,231 4,441,637 38,895,868 (7,875,171)

4,115,430 29,798,568 33,913,998 29,502,572 6,745,893 36,248,465 (2,334,467)

All governmental funds of the City with expenditures are required to have annual budgets. The City utilized encumbrances accounting under which purchase orders, contracts and other commitments for the expenditure funds are recorded in order to reserve a portion of the applicable appropriation. Encumbered appropriations at year end are lapsed and encumbrances to be honored are re-appropriated in the following budget year.

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025

Schedules of Required Supplementary Information SCHEDULE OF THE CITY OF EDMOND'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET) OKLAHOMA POLICE PENSION & RETIREMENT SYSTEM Last 10 Fiscal Years For the year June 30, 2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

3.1355%

3.4051%

3.4811%

3.5208%

3.5979%

3.5318%

3.4343%

3.6497%

3.3361%

3.1738%

City's proportionate share of the net pension liability (asset)

$ 127,846

$ 5,214,739

267,765

$ (1,677,156)

(229,691)

$ 4,056,072

$ (16,474,880)

$ (2,926,728)

$ (1,018,849)

$ 8,313,018

City's covered payroll

$ 8,831,635

$ 9,974,924

$ 10,264,440

$ 10,598,091

$ 11,700,155

$ 11,804,550

$ 11,314,601

$ 12,437,266

$ 13,793,120

$ 14,266,613

City's proportionate share of the net pension liability (asset) as a percentage of its covered payroll

1.45%

52.28%

2.61%

-15.83%

-1.96%

34.36%

-145.61%

-23.53%

-7.39%

58.27%

Plan fiduciary net position as a percentage of the total pension liability

99.82%

93.50%

99.68%

101.89%

100.24%

95.80%

117.07%

102.74%

101.02%

92.40%

City's proportion of the net pension liability (asset)

OKLAHOMA POLICE PENSION & RETIREMENT SYSTEM Last 10 Fiscal Years

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Statutorily required contribution

$ 1,305,813

$ 1,349,366

$ 1,380,245

$ 1,469,019

$ 1,537,710

$ 1,470,898

$ 1,616,845

$ 1,793,106

$ 1,854,660

$ 1,984,188

Contributions in relation to the statutorily required contribution

1,305,813

1,349,366

1,380,245

1,469,019

1,537,710

1,470,898

1,636,972

1,679,138

1,854,660

1,984,188

Contribution deficiency (excess)

City's covered payroll

$ 9,974,924

$ 10,264,440

$ 10,598,091

$ 11,700,155

$ 11,804,550

$ 11,314,601

$ 12,437,266

$ 13,793,120

$ 14,266,613

$ 16,488,207

13%

Contributions as a percentage of covered payroll

(20,127)

113,968

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025

Schedules of Required Supplementary Information SCHEDULE OF THE CITY OF EDMOND'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY OKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEM Last 10 Fiscal Years For the year June 30, 2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

City's proportion of the net pension liability

3.566186%

3.764069%

3.774118%

3.801623%

3.958970%

4.021319%

4.046512%

4.101706%

4.008319%

4.362876%

City's proportionate share of the net pension liability

$ 37,851,799

$ 45,986,170

$ 47,467,983

$ 42,792,838

$ 41,833,083

$ 49,539,163

$ 26,648,973

$ 53,639,413

$ 51,717,350

$ 57,463,789

City's covered payroll

$ 9,743,764

$ 10,528,981

$ 10,727,533

$ 11,215,029

$ 12,190,179

$ 12,908,239

$ 12,585,149

$ 13,294,307

$ 15,794,797

$ 16,874,422

City's proportionate share of the net pension liability as a percentage of its covered payroll

388.47%

436.76%

442.49%

381.57%

343.17%

383.78%

211.75%

403.48%

327.43%

340.54%

Plan fiduciary net position as a percentage of the total pension liability

68.27%

64.87%

66.61%

70.73%

72.85%

69.98%

84.24%

69.49%

70.90%

71.94%

SCHEDULE OF CITY CONTRIBUTIONS OKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEM Last 10 Fiscal Years

Statutorily required contribution

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

$ 1,474,042

$ 1,501,841

$ 1,570,090

$ 1,717,405

$ 1,807,139

$ 1,839,213

$ 1,861,203

$ 2,211,272

$ 2,362,419

$ 2,551,731

1,474,042

1,501,841

1,570,090

1,717,405

1,807,139

1,839,213

1,849,269

2,177,064

2,362,419

2,551,731

Contributions in relation to the statutorily required contribution Contribution deficiency (excess)

City's covered payroll

$ 10,528,981

$ 10,727,533

$ 11,215,029

$ 12,190,179

$ 12,908,239

$ 12,585,149

$ 13,294,307

$ 15,794,797

$ 16,874,422

$ 19,885,740

14%

Contributions as a percentage of covered payroll

11,934

34,208

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025

SCHEDULE OF CHANGES IN THE CITY'S NET PENSION LIABILITY AND RELATED RATIOS SINGLE-EMPLOYER DEFINED BENEFIT PENSION PLAN Last 10 Fiscal Years For the year June 30.

Total pension liability Service cost Interest Changes of benefit terms Difference between expected and actual experience Changes of assumptions Benefit payments, including refunds of member contributions Net change in total pension liability Total pension liability-beginning Total pension liability-ending (a)

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2,619,414 5,193,616 584,011 (3,135,897) 5,261,144 71,889,808 $ 77,150,952

$ 2,822,532 5,565,362 729,188 (3,610,999) 5,506,083 77,150,952 $ 82,657,035

$ 2,909,090 5,983,564 87,006 (3,163,789) 5,815,871 82,657,035 $ 88,472,906

$ 2,973,834 6,358,873 349,458 (4,529,684) 5,152,481 88,472,906 $ 93,625,387

3,080,463 6,758,728 671,204 4,050,122 (3,897,867) 10,662,650 93,625,387 $ 104,288,037

3,298,476 7,498,258 (536,523) (284,766) (5,056,825) 4,918,620 104,288,038 $ 109,206,658

3,354,737 7,855,231 289,351 608,977 (5,102,603) 7,005,693 109,206,658 $ 116,212,351

3,601,174 8,359,602 (1,370,533) 206,696 (5,448,495) 5,348,444 116,212,351 $ 121,560,795

3,728,508 8,719,751 (6,351,098) 6,097,161 121,560,795 $ 127,657,956

4,316,888 9,094,117 2,689,503 816,785 499,991 (8,839,737) 8,577,547 127,657,957 $ 136,235,504

Plan fiduciary net position Contributions-employer Contributions-member Net investment income Benefit payments, including refunds of member contributions Administrative expense Net change in plan fiduciary net position Plan fiduciary net position-beginning Plan fiduciary net position-ending (b)

2,108,839 1,338,561 (2,627,009) (3,135,897) (30,748) (2,346,254) 66,089,862 $ 63,743,608

$ 2,292,339 1,400,380 (1,060,450) (3,610,999) (27,211) (1,005,941) 63,743,608 $ 62,737,667

$ 2,465,138 1,458,953 6,935,917 (3,163,789) (12,050) 7,684,169 62,737,667 $ 70,421,836

$ 2,621,560 1,478,406 3,803,053 (4,529,684) (3,050) 3,370,285 70,421,837 $ 73,792,122

2,755,222 1,534,738 4,264,543 (3,897,867) (6,336) 4,650,300 73,792,118 $ 78,442,418

3,001,783 1,606,610 (1,046,792) (5,056,825) (5,928) (1,501,152) 78,442,418 $ 76,941,266

3,479,255 1,776,378 26,718,382 (5,102,603) (3,214) 26,868,198 76,941,266 $ 103,809,464

3,601,468 1,965,155 (15,270,859) (5,448,495) (61,300) (15,214,031) 103,809,461 $ 88,595,430

4,028,446 2,211,307 9,779,960 (6,351,098) (67,254) 9,601,361 88,595,430 $ 98,196,791

4,304,957 2,336,703 13,103,831 (8,839,737) (78,136) 10,827,618 98,196,791 $ 109,024,409

City's net pension liability - ending (a)-(b)

$ 13,407,344

$ 19,919,368

$ 18,051,070

$ 19,833,265

$ 25,845,619

$ 32,265,392

$ 12,402,887

$ 32,965,365

$ 29,461,165

$ 27,211,095

82.62%

75.90%

79.60%

78.82%

75.22%

70.45%

89.33%

72.88%

76.92%

82.14%

$ 25,382,314

$ 26,613,450

$ 27,957,092

$ 29,150,410

$ 30,797,305

$ 31,780,757

$ 32,213,175

$ 33,952,814

$ 36,053,211

$ 40,802,848

52.82%

74.85%

64.57%

68.04%

83.92%

101.52%

38.50%

97.09%

81.72%

66.69%

Plan fiduciary net position as a percentage of the total pension liability Covered payroll

City's net pension liability as a percentage of covered employee payroll

100

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025

SCHEDULE OF EMPLOYER CONTRIBUTIONS SINGLE-EMPLOYER DEFINED BENEFIT PENSION PLAN Last 10 Fiscal Years For the year June 30. 2021

2022

2023

2024

2025

Actuarially determined contribution Contributions in relation to the actuarially determined contribution Contribution deficiency (excess)

3,637,403 3,479,255 158,148

$ 3,638,812 3,601,468 $ 37,344

$ 4,028,446 4,028,446 $ -

$ 4,650,039 4,304,957 $ 345,082

Covered payroll

$ 31,629,595

$ 32,752,588

$ 36,194,483

$ 38,945,050

$ 40,525,904

11.00%

11.13%

11.05%

11.93%

Contributions as a percentage of covered payroll

5,037,370 4,833,388 203,982

SCHEDULE OF EMPLOYER CONTRIBUTIONS (Continued) SINGLE-EMPLOYER DEFINED BENEFIT PENSION PLAN Last 10 Fiscal Years For the year June 30. 2016 $

2017

2018

2019

2020

Actuarially determined contribution Contributions in relation to the actuarially determined contribution Contribution deficiency (excess)

$ 2,569,913 2,441,134 $ 128,779

$ 2,672,395 2,738,281 $ (65,886)

$ 2,870,691 2,665,048 $ 205,643

2,397,984 2,292,339 105,645

Covered payroll

$ 26,673,905

$ 27,194,847

$ 28,160,118

$ 29,233,107

$ 30,602,103

8.99%

9.45%

9.49%

9.82%

9.81%

Contributions as a percentage of covered payroll

Notes to Schedule: Valuation date: Actuarially determined contribution rates are calculated as of June 30, one year prior to the end of the fiscal year in which contributions are reported. Methods and assumptions used to determine contribution rates: Actuarial cost method

Entry Age Normal

Amortization method

Level dollar

Remaining amortization period

25 years fixed

Asset valuation method

Market value for GASB 67 & 68 smoothed value for funding valuation

Inflation

2.5%

Salary Increases

2023 experience study

Investment rate of return

7.25% per annum

Retirement age

Plan experience as last measured in 2011

Mortality

PubG-2010 63-37 MP2021 projection

101

3,574,326 3,001,783 572,543

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025

PENSION FUND - SCHEDULE OF INVESTMENT RETURNS Last 10 Fiscal Years Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended June 30. 2016 June 30. 2017 June 30. 2018 June 30. 2019 June 30. 2020 June 30. 2021 June 30. 2022 June 30. 2023 June 30. 2024 June 30. 2025

Annual money-weighted rate of return, net of investment expense

-3.97%

-1.66%

5.42%

5.76%

Note: the rates of return shown are before administrative expense but after investment expense.

102

-1.34%

34.69%

-14.71%

11.05%

13.50%

13.05%

CITY OF EDMOND, OKLAHOMA REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025

Schedule of Changes Total OPEB Liability and Related Ratios Postemployment Health Insurance Implicit Rate Subsidy Plan

2018 Total OPEB Liability Service cost $ Interest Difference between expected and actual experience Changes in assumptions Benefits paid Net change in total OPEB liability

347,426 166,825 (365,447) (187,469) (38,665)

2019 $

2020

323,640 229,895 (16,169) (599,130) (201,139) (262,903)

302,450 237,525 217,852 254,676 (207,852) 804,651

2021 $

396,676 246,275 19,955 1,020,944 (278,374) 1,405,476

2022 $

498,075 188,807 201,836 44,089 (244,335) 688,472

2023 $

492,645 326,613 (681,776) (1,969,422) (249,323) (2,081,263)

2024 $

316,921 285,047 (390,272) (114,253) (295,640) (198,197)

2025 $

371,723 281,813 280,864 (42,301) (297,045) 595,054

Balances at Beginning of Year Balances End of Year

6,136,680 $ 6,098,015

6,098,015 $ 5,835,112

5,835,112 $ 6,639,763

6,639,763 $ 8,045,239

8,045,239 $ 8,733,711

8,733,711 $ 6,652,448

6,652,447 $ 6,454,250

6,454,250 $ 7,049,304

Covered employee payroll

$ 39,000,000

$ 44,770,000

$ 52,556,000

$ 53,641,000

$ 55,002,000

$ 58,560,000

$ 62,448,000

15.64%

13.03%

12.63%

15.00%

15.88%

11.36%

10.33%

Total OPEB liability as a percentage of coveredemployee payroll

Notes to Schedule: 10-year data is not yet available for presentation No assets are accumulated in a trust to pay the OPEB Liability.

103

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104

OTHER SUPPLEMENTARY INFORMATION

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

GENERAL FUND Under GASB Statement 54 certain funds no longer meet the definition to be presented as Special Revenue Funds. Those funds became sub-funds of the General Fund for reporting purposes. For reporting purposes, the General Fund contains the following sub-funds: GENERAL FUND - The primary operating fund of the City. The General Fund is reported as a major governmental fund. It is used to account for all activities except those legally or administratively required to be accounted for in other funds. REAL PROPERTY SUB-FUND - The Real Property Sub-Fund has been established to accumulate resources for future real property acquisitions of the City. Financing is provided by transfers of investment earnings from the Hospital Sale Trust Fund. EDMOND ELECTRIC ECONOMIC DEVELOPMENT S U B - FUND – The Economic Development S u b Fund has been established to stimulate the growth of Edmond's economy by offering services that facilitate the growth and expansion of new and existing businesses and generating opportunities to increase the sales tax base of the City of Edmond. PARK SPECIAL EVENTS SUB-FUND – The Park Special Events Sub-Fund has been established to account for donations and fees related to culture and recreation events. SIDEWALK AND DRIVEWAY ESCROW SUB-FUND – The Sidewalk and Driveway Escrow Sub-Fund has been established to account for contractor performance deposits held by the City on various City construction projects. The deposits are refunded after the projects have been satisfactorily completed.

105

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Balance Sheet General Fund Accounts June 30, 2025

ASSETS Cash and cash equivalents Investments Due from other funds Due from other funds - interaccount Due from other governments Accrued interest receivable Other receivables Total assets

LIABILITIES, DEFERRED INFLOWS, AND FUND BALANCES Liabilities: Accounts payable Due to other funds Due to other funds - interaccount Unearned revenue Amounts held in escrow Total liabilities

General Fund

Real Property

Edmond Electric Economic Development

DEFERRED INFLOWS OF RESOURCES Unavailable revenue Total deferred inflows of resources Fund balances: Restricted Assigned Unassigned (deficit) Total fund balances Total liabilities, deferred inflows of resources and fund balances

181,265 1,808 9,435,851 2,490,998 12,109,922

1,431,825 2,138,471 37,734 102,402 3,710,432

10,281 287,986 14,657 312,924

Park Special Events

Sidewalk and Driveway Escrow

Total General Fund

33,314 390,989 131,991 3,502 12,750 572,546

1,123 13,176 118 14,417

41,121 473,315 747 7,084 522,267

1,089 1,089

3,595 3,595

1,808 518,017 519,825

267,104 1,165,466 132,738 1,808 9,435,851 25,361 2,503,748 $ 13,532,076

1,436,509 2,138,471 1,808 37,734 620,419 4,234,941

1,894,653 1,894,653

1,693 1,693

2,680 2,680

91 91

1,899,117 1,899,117

2,334,740 700,178 3,469,919 6,504,837

311,231 311,231

568,777 568,777

10,731 10,731

2,442 2,442

2,334,740 1,590,917 3,472,361 7,398,018

522,267

$ 13,532,076

12,109,922

312,924

106

572,546

14,417

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Statement of Revenues, Expenditures and Changes in Fund Balances General Fund Accounts For the Year Ended June 30, 2025

REVENUES Sales and use taxes Franchise and public service taxes Intergovernmental Charges for services Fines and forfeitures Licenses and permits Investment income (loss) Miscellaneous Total revenues

General Fund

Real Property

Edmond Electric Economic Development

$ 64,016,864 1,863,775 1,911,597 7,562,191 2,019,004 2,813,344 154,242 172,903 80,513,920

EXPENDITURES Current: General government Public safety Health and sanitation Culture, parks and recreation Streets and highways Capital Outlay Total Expenditures Excess (deficiency) of revenues over expenditures

184,970 184,970

2,100 18,991 12,750 33,841

Park Special Events

Sidewalk and Driveway Escrow Fund

9,315 1,558 2,100 12,973

4,978 4,978

Total General Fund

64,016,864 1,863,775 1,911,597 7,573,606 2,019,004 2,813,344 364,739 187,753 80,750,682

11,052,574 4,306,757 837,924 5,253,382 8,893,643 1,764,303 32,108,583

92 92

26,724 26,724

58,351 58,351

11,079,390 4,306,757 837,924 5,311,733 8,893,643 1,764,303 32,193,750

48,405,337

184,878

7,117

(45,378)

4,978

48,556,932

OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources and uses Net change in fund balances

20,221,020 (72,897,087) (52,676,067) (4,270,730)

184,878

100,000 100,000 107,117

(45,378)

4,978

20,321,020 (72,897,087) (52,576,067) (4,019,135)

Fund balances - beginning

10,775,567

126,353

461,660

56,109

(2,536)

11,417,153

Fund balances - ending

6,504,837

311,231

107

568,777

10,731

2,442

7,398,018

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Schedule of Revenues, Expenditures and Changes in Fund Balance-Budgetary Basis Budget and Actual - General Fund Sub-Funds For the year ended June 30, 2025

EDMOND ELECTRIC ECONOMIC DEVELOPMENT

Budget Revenues: Charges for services License and permits Investment income Miscellaneous

Variance Positive (Negative)

Actual

PARKS SPECIAL EVENTS

Budget

Variance Positive (Negative)

Actual

6,000 -

2,100 18,992 12,750

2,100 12,992 12,750

$ 19,750 1,200 -

9,315 1,559 2,100

(10,435) 359 2,100

6,000

33,842

27,842

$ 20,950

$ 12,974

(7,976)

20,167 100,000 -

1,125 23,432 -

19,042 76,568 -

120,167

24,557

95,610

5,500 59,210 -

4,913 52,961 -

587 6,249 -

Total Parks and Recreation

$ 64,710

$ 57,874

6,836

Total Expenditures

120,167

24,557

95,610

$ 64,710

$ 57,874

6,836

$ (114,167)

9,285

123,452

$ (43,760)

$ (44,900)

(1,140)

Total Revenues Expenditures: General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service Total General Government Parks and Recreation: Personal services Materials and supplies Other service and charges Capital outlay

Revenues over (under) expenditures Other financing sources (uses): Transfers from other funds Transfers to other funds

100,000 (2,168)

(478)

Total of other financing resources

97,832

(478)

Revenues and other sources over (under) expenditures and other uses

(16,335)

107,117

123,452

(44,238)

(45,378)

(1,140)

Fund Balance-beginning of year

461,660

56,109

445,325

$ 568,777

123,452

$ 11,871

$ 10,731

Fund Balance-end of year

108

(1,140)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Schedule of Revenues, Expenditures and Changes in Fund Balance-Budgetary Basis Budget and Actual - General Fund Sub-Funds For the year ended June 30, 2025 (Continued)

REAL PROPERTY

Actual

Budget Revenues: Charges for services License and permits Investment income Miscellaneous

Variance Positive (Negative)

1,500 -

184,970 -

183,470 -

1,500

184,970

183,470

34,300 -

92 -

(92) 34,300 -

34,300

34,208

Total Parks and Recreation

Total Expenditures

34,300

34,208

(32,800)

184,878

217,678

Revenues over (under) expenditures Other financing sources (uses): Transfers from other funds Transfers to other funds

Total of other financing resources

Revenues and other sources over (under) expenditures and other uses

(32,800)

184,878

217,678

Fund Balance-beginning of year

126,353

Fund Balance-end of year

109

93,553

311,231

217,678

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

NONMAJOR GOVERNMENTAL FUNDS Special Revenue Funds Special Revenue Funds are used to account for the proceeds of specific revenue sources that are normally restricted to expenditures for specified purposes. CDBG ENTITLEMENT - This fund was established by the City to account for the grants received from the Federal government through the Oklahoma Department of Commerce under various Community Development Block Grant programs. ASSET FORFEITURE FUND - The Asset Forfeiture Fund has been established to account for assets that are equitably distributed by the Drug Enforcement Administration to state and local agencies that directly participate in the law enforcement effort that leads to the seizure of assets used in illegal drug activities. The assets received must be for only law enforcement purposes such as enhancements to future investigations, law enforcement training, equipment, operations and overtime for enforcement activities. SENIOR CITIZENS FUND - This fund was established to account for dedicated revenues received for the benefit of senior citizens, including grants, donations and other resources. The expenditures of the fund are administratively restricted for the benefit of senior citizens' activities or programs. VISIT EDMOND – The Convention & Visitors Bureau Fund accounts for the Hotel/Motel tax revenues that the City collects. It is restricted for tourism, conventions, and visitors’ bureau. HOSPITAL SALE TRUST FUND –The Hospital Sale Trust Fund was established in 1981 to account for the proceeds of approximately $7,200,000 received from the sale of the Edmond Memorial Hospital to the Hospital Corporation of America. Use of the trust principal must first be approved by a vote of the citizens of the City. Investment earnings from the trust may be appropriated without voter approval but are restricted to capital improvements. AMBULATORY SERVICE FUND – The Ambulatory Service Fund provides funding of the City of Edmond’s Ambulance Services. As of Jan. 23, 2024, the City of Edmond has transitioned from EMSA to American Medical Response (AMR) for our emergency medical ground transport service. With this transition, AMR’s program is still available to citizens for a $3 monthly charge on the utility bill. OPIOID DRUG FUND – The Opioid Drug Fund was established to account for restricted resources received from the various Opioid Settlements. E-CIGARETTE FUND – the E-Cigarette Fund was established to account for restricted resources received from the E-Cigarette settlement. IRA GRANT FUND – the IRA Grant Fund was established to account for restricted grant proceeds. OPIOID ABATEMENT GRANT FUND - the Opioid Abatement Grant Fund was established to account for restricted grant proceeds. SYSTEM OF CARE GRANT FUND – the System of Care Grant Fund was established to account for restricted grant funds. TIF #1 DOWNTOWN – The TIF #1 Downtown Fund accounts for the revenues and related expenses related to the Downtown TIF District. Capital Project Funds The Capital Project Funds have been established to account for all major capital improvements, except those accounted for in proprietary type funds, which are financed by the City's sales tax revenue bond issues, General Fund transfers, and other designated sources. 110

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

CEMETERY PERPETUAL CARE FUND - The Cemetery Perpetual Care Fund has been established to account for 20% of all monies received from the sale of lots and interments as established by City Council. Monies received must be used for making capital improvements. AMERICAN RESCUE PLAN FUND – The American Rescue Plan Fund has been established to account for monies received from the federal government under the American Rescue Plan Act. CEMETERY CARE FUND - The Cemetery Care Fund has been established to account for 12.5% of all monies received from the sale of lots and interments in accordance with state law. Monies received must be used to purchase lands for cemeteries and for making capital improvements. Interest earned may be used for improving, caring for, and embellishing cemetery property. PARK SALES TAX FUND - The Park Sales Tax Fund has been established to account for operations and facility improvement costs of the City’s park and recreation system. Financing is provided by a permanent one-eighth cent sales tax approved by the voters in September 1992 and expanded in 2000 to include all city parks. ART IN PUBLIC PLACES FUND – The Art in Public Places Fund has been established to account for art acquisitions by the City. Financing is provided by donations, investment earnings and other City funds as determined by the City Council. CAPITAL IMPROVEMENT FUND - The Capital Improvement Fund was established to account for major capital improvements that are financed by the General Fund and other designated sources which are outlined in the City's five year Capital Improvements program. The fund is funded primarily from General Fund transfers. HAFER PARK SPECIAL TAX FUND - The Hafer Park Special Tax Fund was established to account for capital improvements that are financed by a restricted sales tax. 2017 CAPITAL IMPROVEMENT FUND - The 2017 Capital Improvements Fund has been established to account for various capital improvements as recommended by the Capital Improvement Project Advisory Board. Their recommendations are forwarded to the City Council for their approval. This fund replaces the 2012 Public Safety Center-Capital Improvements Tax Fund, established to account for the capital construction cost of a new Public Safety Center and other capital improvements. The improvements are being financed by a 10 year one-half cent sales tax approved by voters on April 2016 and commenced on April 1, 2017 and will run for ten years, unless extended by the voters. Debt Service Funds The Debt Service Funds have been established to account for all payment of principal and interest on outstanding revenue bond debt funded with transfer of restricted sales tax.

111

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Combining Balance Sheet Nonmajor Governmental Funds June 30, 2025

SPECIAL REVENUE FUNDS

ASSETS Cash and cash equivalents Investments Due from other funds Due from other governments Accrued interest receivable Other receivable Total assets

CDBG Entitlement Fund

Asset Forfeiture Fund

Senior Center Fund

76,241 894,796 8,013 979,050

224,568 221,882 446,450

LIABILITIES, DEFERRED INFLOW AND FUND BALANCES Liabilities: Accounts payable $ 80,644 Due to other funds 509,409 Unearned revenue 57,045 Matured revenue bonds payable Total liabilities 647,098 DEFERRED INFLOWS OF RESOURCES Unavailable revenue Total deferred inflows of resources

Fund balances: Restricted Committed Assigned Unassigned (deficit) Total fund balances Total liabilities, deferred inflows of resources and fund balances

25,496 299,237 2,680 327,413

3,796 3,796

Visit Edmond

Hospital Sale Trust Fund

Ambulatory Service Fund

54,456 639,110 5,723 281,151 980,440

$ 7,783,701 24,655 $ 7,808,356

163,044 1,913,543 17,137 51,125 $ 2,144,849

24,169 24,169

184,054 184,054

Opioid Drug Fund

E-Cigarette Fund

114,368 1,342,270 12,020 3,157,568 4,626,226

87,545 87,545

Opioid Abatement Grant Fund

IRA Grant Fund

2,449 28,733 257 31,439

12,457 12,457

19,171 6,867 26,038

System of Care Grant Fund

Marijuana Tax Fund

7,422 87,109 780 95,311

323,076 323,076

94,288 94,288

323,076 323,076

TIF #1 Downtown

12,675 148,760 1,332 162,767

59,192 665,357 309,413 1,033,962

107,749 2,245,454 2,353,203

6,134 6,134

2,052 2,052

4,381 4,381

13,117 13,117

3,166,769 3,166,769

197 197

1,020 1,020

4,561 4,561

(200,648) (200,648)

808,073 164,843 972,916

127,629 116,434 77,502 321,565

870,233 81,657 951,890

7,808,356 7,808,356

1,702,422 245,256 1,947,678

1,371,912 1,371,912

31,242 31,242

(13,581) (13,581)

1,023 1,023

161,747 161,747

(1,323,802) (1,323,802)

980,440

$ 7,808,356

$ 2,144,849

446,450

979,050

327,413

112

4,626,226

31,439

12,457

95,311

323,076

162,767

1,033,962 (Continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Combining Balance Sheet Nonmajor Governmental Funds June 30, 2025

Cemetery Perpetual Care ASSETS Cash and cash equivalents Investments Due from other funds Due from other governments Accrued interest receivable Other receivable Total assets

LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Due to other funds Unearned revenue Matured revenue bonds payable Total liabilities

DEFERRED INFLOWS OF RESOURCES Unavailable revenue Total deferred inflows of resources

Fund balances: Restricted Committed Assigned Unassigned (deficit) Total fund balances Total liabilities, deferred inflows of resources and fund balances

American Rescue Plan Fund

DEBT SERVICE FUND

Park Sales Tax Fund

CAPITAL PROJECT FUNDS Capital Art in Public Improvement Places Fund Fund

Hafer Park Special Tax Fund

2017 Capital Improvement Fund

35,561 417,352 3,738 456,651

197,506 2,318,006 125,000 416,813 20,762 294,459 3,372,546

69,358 814,021 54,773 7,291 945,443

126,290 1,482,188 13,274 $ 1,621,752

489,856 489,856

84,078 84,078

Cemetery Care

$ 321,710 3,775,719 33,813 $ 4,131,242

$ 1,649,190 2,164,063 3,813,253

3,819 3,819

25,882 25,882

2,860 2,860

15,890 15,890

1,370 1,370

5,580 5,580

10,160 10,160

178,189 178,189

3,441,981 3,441,981

605,503 605,503

292,107 292,107

386,367 67,424 453,791

1,859,104 1,007,696 2,866,800

177,176 20,355 197,531

855,785 855,785

1,584,002 1,584,002

28,688,898 28,688,898

8,300,735 8,300,735

54,322,675 570,288 2,520,518 (1,538,031) 55,875,450

609,322

$ 4,131,242

945,443

$ 1,621,752

30,107,425

$ 8,300,735

456,651

113

3,372,546

20,105 20,105

Total Governmental Funds

47,450 556,884 4,988 609,322

17,055 200,159 1,792 219,006

Revenue Note Debt Service

219,006

27,590 27,590

2,214,870 25,994,591 1,665,168 232,796 30,107,425

$ 8,300,735 $ 8,300,735

1,240,338 1,240,338

19,629,579 41,577,835 349,568 3,003,582 357,238 3,818,116 68,735,918

4,341,361 2,761,730 2,315,396 9,418,487

68,735,918

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds For the Year Ended June 30, 2025

SPECIAL REVENUE FUNDS

REVENUES Sales and use taxes Hotel/motel taxes Intergovernmental Charges for services Investment earnings Miscellaneous Total revenues

CDBG Entitlement Fund

Asset Forfeiture Fund

Senior Center Fund

EXPENDITURES Current: General government Public Safety Health and welfare Culture, parks and recreation Debt Service Principal Interest and other charges Capital Outlay Total Expenditures Excess (deficiency) of revenues over expenditures

1,045,585 1,045,585

43,083 266,587 309,670

16,238 57,274 73,512

Visit Edmond

Hospital Sale Trust Fund

Ambulatory Service Fund

Opioid Drug Fund

E-Cigarette Fund

IRA Grant Fund

Opioid Abatement Grant Fund

System of Care Grant Fund

Marijuana Tax Fund

1,269,946 30,755 22,182 1,322,883

207,833 207,833

939,097 96,159 1,035,256

20,249 289,260 309,509

412 10,838 11,250

82,070 82,070

1,023 1,023

323,076 323,076

1,747 1,747

TIF #1 Downtown

300,954 5,000 11,708 317,662

422,091 -

30,255 -

51,305

756,223 -

2,420 -

777,040 -

137,516 -

95,651 -

323,076 -

775 -

824,142 1,246,233

30,255

31,941 83,246

756,223

2,420

777,040

137,516

95,651

323,076

357,777 358,552

(200,648)

279,415

(9,734)

566,660

205,413

258,216

171,993

11,250

(13,581)

1,023

1,747

(40,890)

(200,648)

279,415

(9,734)

(189,528) (189,528) 377,132

205,413

258,216

171,993

11,250

(13,581)

1,023

160,000 160,000 161,747

(40,890)

Fund balances - beginning

693,501

331,299

574,758

7,602,943

1,689,462

1,199,919

19,992

(1,282,912)

Restatement

OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources and uses Net change in fund balances

Fund balances - June 30, 2024 as restated Fund balances - ending

(200,648)

693,501 $

972,916

331,299 $

321,565

574,758

7,602,943

1,689,462

1,199,919

951,890

$ 7,808,356

$ 1,947,678

$ 1,371,912

19,992 $

31,242

(13,581)

1,023

(1,282,912)

161,747

$ (1,323,802) (Continued)

114

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds For the Year Ended June 30, 2025

DEBT SERVICE FUND

CAPITAL PROJECT FUNDS

REVENUES Sales and use taxes Hotel/motel taxes Intergovernmental Charges for services Investment earnings Miscellaneous Total revenues EXPENDITURES Current: General government Public Safety Health and welfare Culture, parks and recreation Debt Service Principal Interest and other charges Capital Outlay Total Expenditures Excess (deficiency) of revenues over expenditures

Cemetery Perpetual Care

American Rescue Plan Fund

82,026 27,493 109,519

2,858,362 64,707 113,534 3,036,603

Park Sales Tax Fund

Art in Public Places Fund

Capital Improvement Fund

51,266 20,805 72,071

$ 2,842,081 170,790 308,437 3,321,308

Cemetery Care

3,439 3,439

45,812 45,812

Hafer Park Special Tax Fund

2017 Capital Improvement Fund

Revenue Note Debt Service

23,558 23,558

$ 11,368,325 1,351,963 12,720,288

Total-Other Governmental Funds

260,857 260,857

$ 14,210,406 1,269,946 4,527,977 1,159,459 2,398,631 1,068,112 24,634,531

265 -

155,242 -

38 -

1,943,036

66,992

80 -

83,389 -

204,345 -

7,500 -

2,051,095 167,771 777,040 2,061,333

265

2,874,510 3,029,752

614,650 2,557,686

543,180 610,172

467,586 467,666

83,389

9,483,578 9,687,923

8,030,000 4,271,694 12,309,194

8,030,000 4,271,694 15,197,364 32,556,297

109,254

6,851

72,033

763,622

(606,733)

(421,854)

(59,831)

3,032,365

(12,048,337)

(7,921,766)

OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources and uses Net change in fund balances

109,254

6,851

72,033

25,000 (2,426,000) (2,401,000) (1,637,378)

439,665 439,665 (167,068)

400,000 400,000 (21,854)

(59,831)

2,850,000 (204,489) 2,645,511 5,677,876

12,071,372 12,071,372 23,035

15,946,037 (2,820,017) 13,126,020 5,204,254

Fund balances - beginning

496,249

285,256

381,758

4,504,178

364,599

877,639

1,643,833

23,011,022

4,949,691

47,343,187

3,328,009

Restatement Fund balances - June 30, 2024 as restated Fund balances - ending

496,249 $

605,503

285,256

381,758

4,504,178

292,107

$ 453,791

$ 2,866,800

115

364,599 $

197,531

877,639 $

855,785

1,643,833

23,011,022

8,277,700

50,671,196

1,584,002

$ 28,688,898

$ 8,300,735

$ 55,875,450

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

CITY OF EDMOND, OKLAHOMA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE-BUDGETARY BASIS BUDGET AND ACTUAL - NONMAJOR GOVERNMENTAL FUNDS For the fiscal year ended June 30, 2025 SPECIAL REVENUE FUNDS CDBG ENTITLEMENT

Budget Revenues: Taxes Intergovernmental Charges for services Licsense and permits Investment income Miscellaneous

ASSET FORFEITURE FUND

Variance Positive (Negative)

Actual

637,958 -

1,045,585 -

Budget

407,627 -

Variance Positive (Negative)

Actual

2,000 -

43,083 266,587

41,083 266,587

637,958

1,045,585

407,627

2,000

309,670

307,670

Expenditures: General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service

220,866 3,755 2,207,184 -

202,921 1,608 1,022,659 -

17,945 2,147 1,184,525 -

Total General Government

2,431,805

1,227,188

1,204,617

Public Safety: Personal services Materials and supplies Other services and charges Capital outlay

89,100 5,400 26,000

30,178 77 -

58,922 5,323 26,000

120,500

30,255

90,245

Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay

Total Parks and Recreation

Health & Welfare: Personal services Materials and supplies Other services and charges Capital outlay

Total Health & Welfare

Street: Personal services Materials and supplies Other services and charges Capital outlay

2,431,805

1,227,188

1,204,617

120,500

30,255

90,245

1,612,244

$ (118,500)

Total Revenues

Total Public Safety

Total Street Total Expenditures Revenues over (under) expenditures Other financing sources (uses): Transfers from other funds Transfers to other funds Revenues and other sources over (under) expenditures and other uses Fund Balance-beginning of year Fund Balance-end of year

$(1,793,847)

(181,603)

279,415

397,915

(19,045)

(1,812,892)

(200,648)

1,612,244

(118,500)

279,415

397,915

693,501

$(1,812,892)

116 $ (200,648)

1,612,244

575,001

972,916

397,915 (continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

CITY OF EDMOND, OKLAHOMA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE-BUDGETARY BASIS BUDGET AND ACTUAL - NONMAJOR GOVERNEMNTAL FUNDS For the fiscal year ended June 30, 2025 SPECIAL REVENUE FUNDS SENIOR CENTER FUND

Budget Revenues: Taxes Intergovernmental Charges for services Licsense and permits Investment income Miscellaneous

VISIT EDMOND

Variance Positive (Negative)

Actual

1,000 8,000 61,105

16,238 57,274

Budget

(1,000) 8,238 (3,831)

Variance Positive (Negative)

Actual

966,045 3,500 30,000

$1,269,946 30,756 22,182

303,901 27,256 (7,818)

70,105

73,512

3,407

999,545

1,322,884

323,339

Expenditures: General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service

390,368 8,300 569,900 -

360,822 5,526 325,208 -

29,546 2,774 244,692 -

Total General Government

968,568

691,556

277,012

Public Safety: Personal services Materials and supplies Other services and charges Capital outlay

Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay

50,700 116,760 31,941

46,482 4,823 31,941

4,218 111,937 -

Total Parks and Recreation

199,401

83,246

116,155

Health & Welfare: Personal services Materials and supplies Other services and charges Capital outlay

Total Health & Welfare

Street: Personal services Materials and supplies Other services and charges Capital outlay

199,401

83,246

116,155

968,568

691,556

277,012

30,977

$ 631,328

Total Revenues

Total Public Safety

Total Street Total Expenditures Revenues over (under) expenditures

$ (129,296)

Other financing sources (uses): Transfers from other funds Transfers to other funds

(9,734)

119,562

600,351

(291,547)

(254,196)

37,351

Revenues and other sources over (under) expenditures and other uses

(129,296)

(9,734)

119,562

(260,570)

377,132

637,702

Fund Balance-beginning of year

331,299

574,758

202,003

$ 321,565

314,188

$ 951,890

Fund Balance-end of year

117

119,562

637,702 (continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

Budget Revenues: Taxes Intergovernmental Charges for services Licsense and permits Investment income Miscellaneous

Actual

150,000 -

AMBULATORY SERVICE FUND

Variance Positive (Negative)

207,833 -

57,833 -

Budget

Variance Positive (Negative)

Actual

677,073 31,791 -

939,097 96,159 -

262,024 64,368 -

150,000

207,833

57,833

708,864

1,035,256

326,392

Expenditures: General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service

2,200 -

2,420 -

(220) -

Total General Government

2,200

2,420

(220)

Public Safety: Personal services Materials and supplies Other services and charges Capital outlay

Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay

Total Parks and Recreation

Health & Welfare: Personal services Materials and supplies Other services and charges Capital outlay

773,692 -

777,040 -

(3,348) -

Total Health & Welfare

773,692

777,040

(3,348)

Street: Personal services Materials and supplies Other services and charges Capital outlay

2,200

2,420

(220)

773,692

777,040

(3,348)

Total Revenues

Total Public Safety

147,800

205,413

57,613

(64,828)

258,216

323,044

(175)

147,625

205,413

57,438

(64,828)

258,216

323,044

7,602,943

1,689,462

57,438

$ 1,624,634

$ 1,947,678

$ 7,750,568

7,808,356

118

323,044 (continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

Budget Revenues: Taxes Intergovernmental Charges for services Licsense and permits Investment income Miscellaneous

E-CIGARETTE SETTLEMENT FUND

Variance Positive (Negative)

Actual

20,249 289,260

Budget

20,249 289,260

Variance Positive (Negative)

Actual

412 10,838

309,509

11,250

Expenditures: General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service

95,000 5,000 200,000 -

43,612 3,547 90,357 -

51,388 1,453 109,643 -

Total General Government

300,000

137,516

162,484

Public Safety: Personal services Materials and supplies Other services and charges Capital outlay

Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay

Total Parks and Recreation

Health & Welfare: Personal services Materials and supplies Other services and charges Capital outlay

Total Health & Welfare

Street: Personal services Materials and supplies Other services and charges Capital outlay

300,000

137,516

162,484

Total Revenues

Total Public Safety

Total Street Total Expenditures Revenues over (under) expenditures Other financing sources (uses): Transfers from other funds Transfers to other funds

$(300,000)

171,993

471,993

11,250

Revenues and other sources over (under) expenditures and other uses

(300,000)

171,993

471,993

11,250

Fund Balance-beginning of year

1,199,919

19,992

Fund Balance-end of year

$ 899,919

1,371,912

119

471,993

19,992

31,242

11,250 (continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

SPECIAL REVENUE FUNDS

IRA GRANT FUND

OPIOID ABATEMENT GRANT FUND

Budget Revenues: Taxes Intergovernmental Charges for services Licsense and permits Investment income Miscellaneous

Variance Positive (Negative)

Actual

182,283 -

82,070 -

Budget

(100,213) -

Variance Positive (Negative)

Actual

1,023 -

182,283

82,070

(100,213)

1,023

Expenditures: General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service

83,536 13,250 85,497 -

47,257 9,290 39,104 -

36,279 3,960 46,393 -

Total General Government

182,283

95,651

86,632

Public Safety: Personal services Materials and supplies Other services and charges Capital outlay

Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay

Total Parks and Recreation

Health & Welfare: Personal services Materials and supplies Other services and charges Capital outlay

Total Health & Welfare

Street: Personal services Materials and supplies Other services and charges Capital outlay

182,283

95,651

86,632

Total Revenues

Total Public Safety

Total Street Total Expenditures Revenues over (under) expenditures $

Other financing sources (uses): Transfers from other funds Transfers to other funds

Revenues and other sources over (under) expenditures and other uses

(13,581)

1,023

Fund Balance-beginning of year

Fund Balance-end of year

(13,581)

120

(13,581)

1,023

1,023 (continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

SPECIAL REVENUE FUNDS

SYSTEM OF CARE GRANT FUND

Budget Revenues: Taxes Intergovernmental Charges for services Licsense and permits Investment income Miscellaneous

Actual

976,176 -

MARIJUANA TAX FUND

Variance Positive (Negative)

323,076 -

Budget

(653,100) -

Variance Positive (Negative)

Actual

1,747 -

976,176

323,076

(653,100)

1,747

Expenditures: General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service

976,176 -

323,076 -

653,100 -

Total General Government

976,176

323,076

653,100

Public Safety: Personal services Materials and supplies Other services and charges Capital outlay

Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay

Total Parks and Recreation

Health & Welfare: Personal services Materials and supplies Other services and charges Capital outlay

Total Health & Welfare

Street: Personal services Materials and supplies Other services and charges Capital outlay

976,176

323,076

653,100

Total Revenues

Total Public Safety

Total Street Total Expenditures Revenues over (under) expenditures $

Other financing sources (uses): Transfers from other funds Transfers to other funds

160,000 -

Revenues and other sources over (under) expenditures and other uses

160,000

161,747

1,747

Fund Balance-beginning of year

Fund Balance-end of year

121

160,000

1,747

161,747

1,747

1,747 (continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

Budget Revenues: Taxes Intergovernmental Charges for services Licsense and permits Investment income Miscellaneous

Variance Positive (Negative)

Actual

300,954 5,000 11,708 -

317,662

Expenditures: General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service

Total General Government

Public Safety: Personal services Materials and supplies Other services and charges Capital outlay

Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay

Total Parks and Recreation

Health & Welfare: Personal services Materials and supplies Other services and charges Capital outlay

Total Health & Welfare

864,658

357,777

506,881

Total Street

864,658

357,777

506,881

Total Expenditures

864,658

357,777

506,881

Total Revenues

Total Public Safety

Street: Personal services Materials and supplies Other services and charges Capital outlay

Revenues over (under) expenditures $

(864,658)

Other financing sources (uses): Transfers from other funds Transfers to other funds

(40,115)

824,543

(775)

Revenues and other sources over (under) expenditures and other uses

(865,433)

(40,890)

824,543

Fund Balance-beginning of year

(1,282,912)

Fund Balance-end of year

(2,148,345)

122

(1,323,802)

824,543 (continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

Budget Revenues: Taxes Intergovernmental Charges for services Licsense and permits Investment income Miscellaneous

Actual

80,000 7,566 -

AMERICAN RESCUE PLAN FUND

Variance Positive (Negative)

82,026 27,493 -

Budget

2,026 19,927 -

Variance Positive (Negative)

Actual

2,971,896 64,707 -

87,566

109,519

21,953

3,036,603

Expenditures: General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service

12 -

50 -

(38) -

Total General Government

(38)

Public Safety: Personal services Materials and supplies Other services and charges Capital outlay

Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay

181,609 4,929,646

155,242 2,874,510

26,367 2,055,136

Total Parks and Recreation

5,111,255

3,029,752

2,081,503

Health & Welfare: Personal services Materials and supplies Other services and charges Capital outlay

Total Health & Welfare

Street: Personal services Materials and supplies Other services and charges Capital outlay

(38)

5,111,255

3,029,752

2,081,503

21,915

$ (5,111,255)

Total Revenues

Total Public Safety

Total Street Total Expenditures Revenues over (under) expenditures

Other financing sources (uses): Transfers from other funds Transfers to other funds

87,554

109,469

6,851

5,118,106

(215)

Revenues and other sources over (under) expenditures and other uses

87,339

109,254

21,915

(5,111,255)

6,851

5,118,106

Fund Balance-beginning of year

496,249

285,256

21,915

$ (4,825,999)

Fund Balance-end of year

583,588

605,503

123

292,107

5,118,106 (continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

Budget Revenues: Taxes Intergovernmental Charges for services Licsense and permits Investment income Miscellaneous

PARK SALES TAX FUNDS

Variance Positive (Negative)

Actual

58,340 6,215 -

51,266 20,805 -

Budget

(7,074) 14,590 -

Variance Positive (Negative)

Actual

2,958,627 10,000 75,855

2,842,081 170,790 308,437

(116,546) 160,790 232,582

64,555

72,071

7,516

3,044,482

3,321,308

276,826

Expenditures: General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service

5,000 13,500 -

38 -

4,962 13,500 -

Total General Government

18,500

18,462

Public Safety: Personal services Materials and supplies Other services and charges Capital outlay

Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay

560,636 99,760 2,073,199 1,699,342

550,080 89,397 1,231,219 614,650

10,556 10,363 841,980 1,084,692

Total Parks and Recreation

4,432,937

2,485,346

1,947,591

Health & Welfare: Personal services Materials and supplies Other services and charges Capital outlay

Total Health & Welfare

Street: Personal services Materials and supplies Other services and charges Capital outlay

18,500

18,462

4,432,937

2,485,346

1,947,591

Total Revenues

Total Public Safety

Total Street Total Expenditures Revenues over (under) expenditures Other financing sources (uses): Transfers from other funds Transfers to other funds

46,055

72,033

25,978

(1,388,455)

835,962

2,224,417

25,000 (2,513,038)

25,000 (2,498,340)

14,698

Revenues and other sources over (under) expenditures and other uses

46,055

72,033

25,978

(3,876,493)

(1,637,378)

2,239,115

Fund Balance-beginning of year

381,758

4,504,178

Fund Balance-end of year

$ 427,813

453,791

124

25,978

627,685

2,866,800

2,239,115 (continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

Budget Revenues: Taxes Intergovernmental Charges for services Licsense and permits Investment income Miscellaneous

Actual

CAPITAL IMPROVEMENT FUND

Variance Positive (Negative)

3,439 -

Budget

3,439 -

Variance Positive (Negative)

Actual

20,000 -

45,812 -

25,812 -

3,439

20,000

45,812

25,812

Expenditures: General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service

7,300 643,510 -

80 467,586 -

7,220 175,924 -

Total General Government

650,810

467,666

183,144

Public Safety: Personal services Materials and supplies Other services and charges Capital outlay

Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay

56,499 749,087

55,489 543,180

1,010 205,907

Total Parks and Recreation

805,586

598,669

206,917

Health & Welfare: Personal services Materials and supplies Other services and charges Capital outlay

Total Health & Welfare

Street: Personal services Materials and supplies Other services and charges Capital outlay

805,586

598,669

206,917

650,810

467,666

183,144

210,356

$ (630,810)

$ (421,854)

Total Revenues

Total Public Safety

Total Street Total Expenditures Revenues over (under) expenditures

$ (805,586)

(595,230)

208,956

Other financing sources (uses): Transfers from other funds Transfers to other funds

449,665 (11,493)

439,655 (11,493)

(10,010) -

400,000 -

Revenues and other sources over (under) expenditures and other uses

(367,414)

(167,068)

200,346

(230,810)

(21,854)

208,956

Fund Balance-beginning of year

364,599

877,639

Fund Balance-end of year

(2,815)

197,531

125

200,346

646,829

855,785

208,956 (continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

Budget Revenues: Taxes Intergovernmental Charges for services Licsense and permits Investment income Miscellaneous

Actual

11,833,797 500,000 -

HAFER PARK SPECIAL TAX FUND

Variance Positive (Negative)

11,368,325 1,351,962 -

Budget

(465,472) 851,962 -

Variance Positive (Negative)

Actual

23,558 -

12,333,797

12,720,287

386,490

23,558

Expenditures: General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service

2,500 2,500 747,690 -

2,462 -

2,500 38 747,690 -

Total General Government

752,690

2,462

750,228

Public Safety: Personal services Materials and supplies Other services and charges Capital outlay

690,113

397,637

292,476

690,113

397,637

292,476

Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay

30,107,840

8,694,383

21,413,457

Total Parks and Recreation

30,107,840

8,694,383

21,413,457

Health & Welfare: Personal services Materials and supplies Other services and charges Capital outlay

217,115

83,389

133,726

Total Health & Welfare

217,115

83,389

133,726

6,640,483

391,557

6,248,926

Total Street

6,640,483

391,557

6,248,926

Total Expenditures

38,191,126

9,486,039

28,705,087

217,115

83,389

133,726

(59,831)

$ 157,284

Total Revenues

Total Public Safety

Street: Personal services Materials and supplies Other services and charges Capital outlay

Revenues over (under) expenditures

Other financing sources (uses): Transfers from other funds Transfers to other funds

(25,857,329)

3,234,248

29,091,577

(217,115)

2,850,000 (406,372)

Revenues and other sources over (under) expenditures and other uses

(23,413,701)

5,677,876

29,091,577

(217,115)

(59,831)

157,284

Fund Balance-beginning of year

23,011,022

1,643,833

29,091,577

$ 1,426,718

$ 1,584,002

$ 157,284 (continued)

Fund Balance-end of year

(402,679)

28,688,898

126

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

Budget Revenues: Taxes Intergovernmental Charges for services Licsense and permits Investment income Miscellaneous

Variance Positive (Negative)

Actual

260,857 -

260,857

Expenditures: General Government: Personal services Materials and supplies Other services and charges Capital outlay Debt service

Total General Government

Public Safety: Personal services Materials and supplies Other services and charges Capital outlay

Parks and Recreation: Personal services Material and supplies Other services and charges Capital outlay

Total Parks and Recreation

Health & Welfare: Personal services Materials and supplies Other services and charges Capital outlay

Total Health & Welfare

Street: Personal services Materials and supplies Other services and charges Capital outlay

Total Street

Total Expenditures

Total Revenues

Total Public Safety

Revenues over (under) expenditures

260,857

Other financing sources (uses): Transfers from other funds Transfers to other funds

24,874 (796)

(642,405)

(24,874) (641,609)

Revenues and other sources over (under) expenditures and other uses

24,078

(381,548)

(405,626)

8,277,700

8,301,778

$ 7,896,152

Fund Balance-beginning of year $

Fund Balance-end of year

127

(405,626) (continued)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

CITY OF EDMOND, OKLAHOMA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE-BUDGETARY BASIS BUDGET AND ACTUAL - MAJOR GOVERNMENTAL CAPITAL PROJECT FUND For the fiscal year ended June 30, 2025

Capital Project Funds 2000 Capital Improvement Tax Fund Variance Positive Budget Actual (Negative) REVENUES Taxes Intergovernmental Investment income Miscellaneous Total revenues

17,750,697 2,250,000 1,693,494 21,694,191

$ 17,052,487 170,802 3,132,200 857,599 21,213,088

EXPENDITURES General Government: Materials and supplies Other services and charges Capital outlay Debt service Total General Government

200 782,036 30,868,779 12,203,069 43,854,084

231,507 28,716,562 12,374,267 41,322,336

200 550,529 2,152,217 (171,198) 2,531,748

Parks and Recreation: Other services and charges Capital outlay Total Parks and Recreation

505,488 505,488

30,000 30,000

475,488 475,488

31,500,102 31,500,102

11,909,423 11,909,423

19,590,679 19,590,679

Economic Development & Opp: Capital outlay Total Economic Development & Opp Community Development: Capital outlay Total Community Development

(698,210) 170,802 882,200 (835,895) (481,103)

Street: Capital outlay

25,908,243

12,018,486

13,889,757

Total Street

25,908,243

12,018,486

13,889,757

Total Expenditures

101,767,917

65,280,245

36,487,672

Revenues over (under) expenditures

(80,073,726)

(44,067,157)

36,006,569

Other financing sources (uses): Transfers from other funds Transfers to other funds

(3,108,858)

Total of other financing resources

(3,108,858)

Revenues and other sources over (under) expenditures and other uses

(83,182,584)

(47,176,015)

Fund Balance-beginning of year

83,789,168

606,584

$ 36,613,153

Fund Balance-end of year

128

36,006,569 $

36,006,569

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

NONMAJOR ENTERPRISE FUNDS The following three enterprise funds are reported as nonmajor and are not a part of the EPWA. KICKINGBIRD GOLF – Kickingbird Golf accounts for the costs of operating and maintaining the City’s 18hole municipal golf course. Revenues are generated through green fees, cart rentals, driving range fees and restaurant operations. YOURGOVSHOP - The YourGovShop Fund is a cooperative purchasing service, operated by the City, which provides its partners and members with the lowest competitive prices for goods and services, as well as a reduction in the administrative costs of purchasing. Financing is provided by revenues generated from rebates, membership fees and General Fund transfers. CityLink – The CityLink Fund is for the costs of operating and maintaining Edmond’s public transportation service through a reliable, affordable, customer-friendly transportation service to the residents of Edmond for access to employment, shopping, medical, education and social destinations. The General Fund along with sponsorship funds the operations of this service.

129

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Combining Statement of Net Position Nonmajor Enterprise Funds June 30, 2025

ASSETS Current assets: Cash and cash equivalents Investments Receivables: Accrued interest receivable Due from other governments Other receivables Lease receivables Inventories Total current assets Non-current assets: Lease receivable Capital Assets: Nondepreciable Depreciable, net of accumulated depreciation Total non-current assets Total assets

Kickingbird Golf Fund

YourGovShop Fund

162,020 1,895,654

113,975 1,337,652

326,104 3,821,411

5,267 52,244 695,725

11,980 80,161 1,012,895 10,049 2,566,712

34,223 80,161 1,068,999 100,551 134,510 5,565,959

357,628

136,945

494,573

530,510 22,244,810 23,132,948 25,436,470

695,725

788,088 925,033 3,491,745

530,510 23,032,898 24,057,981 29,623,940

171,945 46,946 218,891

5,690 403 6,093

24,380 5,129 29,509

202,015 52,478 254,493

260,360 39,328 125,000 3,774 97,910 526,372

47 87 134

532,405 7,423 5,455 145 8,778 554,206

792,812 46,751 130,455 4,006 106,688 1,080,712

206,367 96,380 440,013 742,760 1,269,132

2,224 21,245 23,469 23,603

14,053 3,707 35,206 52,966 607,172

220,420 102,311 496,464 819,195 1,899,907

422,627 96,243 70,383 589,253

3,583 1,137 4,720

143,135 22,575 7,453 173,163

565,762 122,401 78,973 767,136

22,775,320 2,133 1,019,523 23,796,976

673,495 673,495

788,088 1,952,831 2,740,919

23,563,408 2,133 3,645,849 27,211,390

DEFERRED INFLOW OF RESOURCES Deferred amounts related to leases Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred inflows of resources NET POSITION Net investment in capital assets Restricted for scholarships Unrestricted (deficit) Total net position

Total

16,976 3,860 90,502 134,510 2,303,522

DEFERRED OUTFLOWS OF RESOURCES Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred outflows of resources LIABILITIES Current liabilities: Accounts payable Accrued wages payable Due to other funds OPEB liability Compensated absences Total current liabilities Non-current liabilities: Compensated absences OPEB liability Net pension liability Total non-current liabilities Total liabilities

50,109 588,105

CityLink

130

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Combining Statement of Revenues, Expenses and Changes in Fund Net Position Nonmajor Enterprise Funds For the Year Ended June 30, 2025

REVENUES Charges for services Operating grants and contributions Miscellaneous Total operating revenues

Kickingbird Golf Fund

YourGovShop Fund

OPERATING EXPENSES Personal services Materials and supplies Maintenance, operations and contractual services Depreciation Total Operating Expenses Operating income (loss)

3,332,486 143,614 3,476,100

11,174 131,391 142,565

CityLink $

31,253 1,319,189 1,350,442

Total $

3,374,913 1,319,189 275,005 4,969,107

1,357,164 674,922 992,213 738,386 3,762,685 (286,585)

41,725 297 12,168 54,190 88,375

89,127 192,048 3,281,507 76,193 3,638,875 (2,288,433)

1,488,016 867,267 4,285,888 814,579 7,455,750 (2,486,643)

NON-OPERATING REVENUES (EXPENSES) Interest and investment revenue Gain (loss) on capital asset disposal Capital grants Total non-operating revenue (expenses)

114,980 (15,734) 99,246

11,012 11,012

27,201 (8,330) 80,161 99,032

153,193 (24,064) 80,161 209,290

Income (loss) before transfers

(187,339)

99,387

(2,189,401)

(2,277,353)

Transfers in Transfers out Change in net position

(25,000) (212,339)

99,387

2,335,140 145,739

2,335,140 (25,000) 32,787

24,211,531 (202,216) 24,009,315

574,108 574,108

2,603,530 (8,350) 2,595,180

27,389,169 (210,566) 27,178,603

Total net position - beginning, as previously reported Restatement Total net position - beginning, restated Total net position - ending

23,796,976

131

673,495

2,740,919

27,211,390

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Combining Statement of Cash Flows Nonmajor Enterprise Funds For the Year Ended June 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers Payments to suppliers Payments to employees

Kickingbird Golf Fund

YourGovShop Fund

Interfund payments Interfund receipts Net cash provided by (used in) operating activities

3,470,643 (1,679,471) (1,291,902)

178,356 (12,418) (40,103)

CityLink $

841,463 (3,255,532) (70,268)

Total $

4,490,462 (4,947,421) (1,402,273)

(33,356) 465,914

125,835

5,455 (2,478,882)

(33,356) 5,455 (1,887,133)

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds Transfer to other funds Net cash provided by (used in) noncapital financing activities

(25,000) (25,000)

2,335,140 2,335,140

2,335,140 (25,000) 2,310,140

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Proceeds from capital grants Proceeds from sale of capital assets Net cash provided by (used in) capital and related financing activities

(227,656) 8,779 (218,877)

(167,878) 100,000 (67,878)

(395,534) 100,000 8,779 (286,755)

CASH FLOWS FROM INVESTING ACTIVITIES Sale (Purchases) of investments Interest and dividends Net cash provided by (used in) investing activities

(259,585) 79,479 (180,106)

(103,164) 1 (103,163)

234,257 2,089 236,346

(128,492) 81,569 (46,923)

41,931

22,672

24,726

89,329

120,089

27,437

89,249

236,775

Net increase (decrease) in cash and cash equivalents Balances-beginning of year Balances-end of year

162,020

50,109

113,975

326,104

Reconciliation to Combining Statement of Net Position: Cash and cash equivalents Total cash and cash equivalents, end of year

$ $

162,020 162,020

$ $

50,109 50,109

$ $

113,975 113,975

$ $

326,104 326,104

(286,585)

88,375

$ (2,288,433)

(2,486,643)

Reconciliation of Operating Income (Loss) to Net Cash Provided by (used in) Operating Activities: Operating income (loss) Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: Depreciation expense Change in assets, liabilities, and defferals: Receivables, net Lease receivable Inventories Deferred outflows related to pension Deferred outflows related to OPEB Accounts and other payables Due to other funds Deferred inflows related to leases Net Pension liability OPEB liability Deferred inflows related to pension Deferred inflows related to OPEB Accrued compensated absences Net cash provided by (used in) operating activities Non-cash Activities: Change in fair value of investments Total Non-cash Activities

132

738,386

19 (221,796) (50,490) (3,396) 6,131 42,723 (33,356) 216,320 19,883 2,626 16,598 (6,318) 25,169 465,914

35,791 2,721 21 47 (2,663) 60 1,577 (94) 125,835

$ $

(29,934) (29,934)

$ $

(9,124) (9,124)

76,193

814,579

(508,161) 9,912 13,206 1,654 222,396 5,455 (10,730) (22,768) (3,650) 13,636 2,148 10,260 $ (2,478,882)

(472,351) (211,884) (50,490) 12,531 7,806 265,166 (27,901) 205,590 (5,548) (964) 31,811 (4,264) 35,429 (1,887,133)

$ $

(24,127) (24,127)

$ $

(63,185) (63,185)

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

EPWA SUB-FUND GROUPING – MAJOR ENTERPISE FUND The City operates six enterprise s u b - funds under the legal entity of the Edmond Public Works Authority ("EPWA"), a public trust created under applicable Oklahoma statutes on October 6, 1970, with the City named as the beneficiary thereof. The EPWA is considered a major fund. The following is a combining scheduled of the sub-funds that create the EPWA: Electric, Water, Wastewater, Sanitation, Arcadia Lake, Drainage, and Uncommon Ground.

133

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Combining Schedule of Net Position EPWA Enterprise Sub- Fund Accounts June 30, 2025

Electric ASSETS Current assets: Cash and cash equivalents Investments Restricted assets: Cash and cash equivalents Investments Receivables: Accrued interest receivable Utility billing, net of allowance uncoll accts Due from other governments Other receivables Leases receivables Due from other funds Due from other funds - interaccount Inventories Total current assets Non-current assets: Restricted assets: Cash and cash equivalents Leases receivable Capital Assets: Nondepreciable Depreciable, net of accum deprec Total non-current assets Total assets DEFERRED OUTFLOWS OF RESOURCES Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred outflows of resources LIABILITIES Current Liabilities: Accounts payable Salaries payable Accrued interest payable Due to other funds - interaccount Current portion: Compensated absences Notes payable Revenue bonds payable Unearned revenue OPEB liability Meter deposit liability Total current liabilities Non-current liabilities: Compensated absences Meter deposit liability OPEB liability Net pension liability Notes payable Revenue bonds payable, net Total non-current liabilities Total liabilities DEFERRED INFLOW OF RESOURCES Deferred amounts related to leases Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred inflow of resources NET POSITION Net investment in capital assets Restricted for debt service Restricted for other purposes Unrestricted (deficit) Total net position

4,368,198 41,843,931

Water

Wastewater

PWA Sanitation

PWA Arcadia Lake

PWA Drainage

Uncommon Ground

8,915,763 98,566,148

2,529,607 35,761,236

840,569 9,865,256

69,366 785,943

1,234,082 14,483,682

792,304 9,140,759

Total

18,749,889 210,446,955

20,626,211 9,437,850

71,917,440 -

30,984,330 -

123,527,981 9,437,850

523,812 14,619,575 665,161 10,660,634 318,924 8,246,628 111,310,924

1,116,465 4,606,291 10,000,000 278 44,505 1,475,097 250,189 196,892,176

441,055 3,080,445 487,740 73,284,413

88,350 1,450,839 9,900 36,091 12,291,005

7,039 862,348

129,709 472,395 16,319,868

66,937 10,000,000

2,373,367 24,229,545 10,000,000 675,339 44,505 12,659,562 569,113 8,246,628 420,960,734

199,285 641,557

12,297,988 -

12,497,273 641,557

4,734,767 65,424,414 70,159,181 181,470,105

315,949,875 155,477,495 472,268,212 669,160,388

189,719,515 109,473,680 311,491,183 384,775,596

247,284 247,284 12,538,289

495,278 2,028,835 2,524,113 3,386,461

1,413,116 8,177,228 9,590,344 25,910,212

10,000,000

512,312,551 340,828,936 866,280,317 1,287,241,051

1,203,825 80,905 1,284,730

424,593 50,083 474,676

184,292 23,184 207,476

264,336 170,121 434,457

120,030 37,656 157,686

159,307 17,918 177,225

2,356,383 379,867 2,736,250

7,268,747 183,837 699,911 -

32,436,762 107,090 3,633,231 -

5,808,662 17,472 3,811,491 -

770,498 48,806 -

69,471 33,459 -

102,478 16,340 569,113

46,456,618 407,004 8,144,633 569,113

528,501 500,000 17,129 5,507,441 14,705,566

254,385 9,909,956 81,558 10,364 46,433,346

54,271 835,870 4,753,442 4,442 15,285,650

109,345 7,330 935,979

53,361 107,366 3,484 500 267,641

53,865 2,032 743,828

1,053,728 10,745,826 5,335,000 107,366 44,781 5,507,941 78,372,010

818,843 4,880,388 437,416 3,670,789 21,676,362 31,483,798 46,189,364

379,399 264,674 1,515,093 329,108,342 3,105,910 334,373,418 380,806,764

71,607 113,432 681,035 11,300,203 186,226,396 198,392,673 213,678,323

191,275 187,200 910,066 1,288,541 2,224,520

74,949 88,966 361,703 525,618 793,259

97,315 51,897 384,873 534,085 1,277,913

1,633,388 4,880,388 1,143,585 7,523,559 340,408,545 211,008,668 566,598,133 644,970,143

735,431 187,801 923,232

676,841 236,633 107,177 1,020,651

109,817 52,535 162,352

154,990 182,081 337,071

61,985 35,512 97,497

57,277 23,059 80,336

676,841 1,356,133 588,165 2,621,139

65,042,678 1,791,806 282,035 68,525,720 $ 135,642,239

194,483,961 1,422,200 91,901,488 $ 287,807,649

113,700,442 17,564,590 39,877,365 $ 171,142,397

247,284 10,163,871 10,411,155

2,524,113 129,278 2,653,391

9,590,344 15,138,844 24,729,188

10,000,000 $ 10,000,000

385,588,822 20,778,596 10,282,035 225,736,566 642,386,019

134

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Combining Schedule of Revenues, Expenses and Changes in Fund Net Position EPWA Enterprise Sub-Fund Accounts For the Year Ended June 30, 2025

Electric OPERATING REVENUES Charges for services Permits and other fees Miscellaneous Total operating revenues

$ 101,667,832 16,350 101,684,182

Water

Wastewater

PWA Sanitation

PWA Arcadia Lake

PWA Drainage

Uncommon Ground

44,862,621 1,362,554 205,238 46,430,413

26,946,804 766,227 27,713,031

12,204,867 29,799 12,234,666

1,360,468 94,853 1,455,321

3,115,773 3,115,773

Total

$ 190,158,365 2,128,781 346,240 192,633,386

OPERATING EXPENSES Personal services Materials and supplies Wholesale electricity purchases Maintenance, operations and contractual serv Depreciation Total Operating Expenses Operating income (loss)

7,550,945 2,596,821 58,891,316 15,061,772 4,704,169 88,805,023 12,879,159

3,394,529 2,214,460 12,958,183 8,740,347 27,307,519 19,122,894

1,463,722 403,994 6,186,008 5,280,619 13,334,343 14,378,688

1,934,707 615,557 9,009,331 6,294 11,565,889 668,777

1,032,742 157,524 864,506 169,237 2,224,009 (768,688)

809,312 117,139 460,072 64,245 1,450,768 1,665,005

16,185,957 6,105,495 58,891,316 44,539,872 18,964,911 144,687,551 47,945,835

NON-OPERATING REVENUES (EXPENSES) Interest and investment revenue Miscellaneous revenue Interest expense Grant revenue Transfer of capital asets to governmental activities Total non-operating revenue (expenses) Income (loss) before contributions and transfers Capital contributions Transfers in Transfers out Transfers in - interaccount Transfers out - interaccount Change in net position

3,566,601 52,416 (602,509) (13,846) 3,002,662 15,881,821 301,607 (4,100,000) 126,423 (53,395) 12,156,456

7,625,106 2,358 (10,163,498) 10,000,000 (409,546) 7,054,420 26,177,314 3,331,987 15,786,240 (15,786,240) (878,862) 28,630,439

3,459,198 11 (7,060,477) (6,923) (3,608,191) 10,770,497 1,939,459 655,580 13,365,536

540,136 84 540,220 1,208,997 (434,780) 96,859 (41,053) 830,023

20,331 20,331 (748,357) 1,676,000 94,448 1,022,091

776,345 40 (6,923) 769,462 2,434,467 2,434,467

1,470 1,470 1,470 1,470

15,989,187 54,909 (17,826,484) 10,000,000 (437,238) 7,780,374 55,726,209 5,271,446 17,763,847 (20,321,020) 973,310 (973,310) 58,440,482

Total net position - beginning, as previously reported

124,455,311

259,535,444

157,837,697

9,813,136

1,698,794

22,388,600

9,998,530

585,727,512

(969,528)

(358,234)

(60,836)

(232,004)

(67,494)

(93,879)

(1,781,975)

123,485,783

259,177,210

157,776,861

9,581,132

1,631,300

22,294,721

9,998,530

583,945,537

$ 135,642,239

$ 287,807,649

$ 171,142,397

24,729,188

$ 10,000,000

$ 642,386,019

Restatement (See Note 3.H.) Total net position - beginning, restated Total net position - ending

135

10,411,155

2,653,391

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Combining Schedule of Cash Flows EPWA Enterprise Sub-Fund Account For the Year Ended June 30, 2025

Electric

CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers Payments to suppliers Payments to employees Receipts of customer meter deposits Payment of customer meter deposits Interfund payments Interfund receipts Net cash provided by (used in) operating activities

$ 103,704,734 (78,375,090) (7,422,746) 4,206,586 (3,051,793) (1,771,669) 17,290,022

Water

47,329,150 (17,512,055) (3,215,836) 4,805 26,606,064

Wastewater

27,789,164 (5,480,834) (1,393,506) 5,598 20,920,422

PWA Sanitation

PWA Arcadia Lake

PWA Drainage

12,239,856 (9,740,667) (1,903,706) 371 595,854

1,553,443 (1,043,495) (994,241) (698,973) 16,680 (1,166,586)

2,883,375 (506,401) (753,599) (37,595) 1,585,780

Uncommon Ground

Total

$ 195,499,722 (112,658,542) (15,683,634) 4,206,586 (3,051,793) (2,508,237) 27,454 65,831,556

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds Transfers from other funds interaccount Transfer to other funds Transfer to other funds interaccount Net cash provided by (used in) noncapital financing activities

301,607 126,423 (4,100,000) (53,395)

15,786,240 (15,786,240) (878,862)

655,580 -

96,859 (434,780) (41,053)

1,676,000 94,448 -

17,763,847 973,310 (20,321,020) (973,310)

(3,725,365)

(878,862)

655,580

(378,974)

1,770,448

(2,557,173)

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Premium on capital debt issued Proceeds from issuance of capital debt Principal paid on capital debt Interest paid on capital debt Net cash provided by (used in) capital and related financing actvities

(10,300,264) 1,953,764 20,320,000 -

(90,742,072) 2,731,360 147,730,783 (5,385,027) (9,140,593)

(3,964,222) 861,556 (4,897,655) (7,783,776)

(7,121) -

(583,194) -

(105,596,873) 4,685,124 168,912,339 (10,282,682) (16,924,369)

11,973,500

45,194,451

(15,784,097)

(7,121)

(583,194)

40,793,539

(5,584,775) 2,541,590 (3,043,185)

(4,997,750) 5,570,972 573,222

(6,008,214) 2,818,861 (3,189,353)

(221,705) 354,869 133,164

(778,361) 5,710 (772,651)

(1,028,801) 504,958 (523,843)

282,334 1,470 283,804

(18,337,272) 11,798,430 (6,538,842)

22,494,972

71,494,875

2,602,552

350,044

(175,910)

478,743

283,804

97,529,080

2,499,437

9,537,613

43,209,373

490,525

245,276

755,339

508,500

57,246,063

CASH FLOWS FROM INVESTING ACTIVITIES Purchases of investments Interest and dividends Net cash provided by (used in) investing activities Net increase (decrease) in cash and cash equivalen Balances-beginning of year Balances-end of year

$ 24,994,409

Reconciliation to Combining Statement of Net Position: Cash and cash equivalents $ 4,368,198 Restricted cash and cash equivalents 20,626,211 Restricted cash and cash equivalents, non-current $ 24,994,409 Total cash and cash equivalents, end of year

Reconciliation of Operating Income (loss) to Net Cash Provided by Operating Activities: Operating income (loss) $ 12,879,159 Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation expense 4,704,169 Miscellaneous non-operating revenue (expense) 52,416 Change in assets, liabilities, and deferrals: Receivables, net 2,157,889 Other receivable (189,753) Inventories (1,423,577) Leases receivable Due from other funds (1,771,669) Deferred outflows related to pension 569,986 Deferred outflows related to OPEB (1,819) Accounts and other payables (397,790) Due to other funds Customer meter deposits payable 1,154,793 Unearned revenue Total OPEB liability 39,515 Net Pension liability (650,362) Deferred inflows related to leases Deferred inflows related to pension 427,534 Deferred inflows related to OPEB (33,748) Accrued compensated absences (226,721) $ 17,290,022 Net cash provided by operating activities Non-cash Activities: Capital assets donated Amortization of premium/discounts Capital related payables Transfer capital assets to governmental funds Change in fair value of investments Total Non-cash Activities

(97,402) 124,656 (13,846) (819,714) (806,306)

81,032,488

45,811,925

840,569

69,366

1,234,082

792,304

$ 154,775,143

792,304 792,304

1,234,082 1,234,082

69,366 69,366

840,569 840,569

2,529,607 30,984,330 12,297,988 45,811,925

8,915,763 71,917,440 199,285 81,032,488

19,122,894

14,378,688

668,777

(768,688)

1,665,005

18,749,889 123,527,981 12,497,273 $ 154,775,143

47,945,835

8,740,347 2,358

5,280,619 11

6,294 84

169,237 -

64,245 40

18,964,911 54,909

903,433 (279) (335,998) 4,805 196,716 642 (2,323,098) 21,841 (137,565) 329,222 75,608 (18,609) 23,747 26,606,064

76,122 5,598 86,290 (895) 1,107,892 10,969 (64,520) 36,282 (9,294) 12,660 20,920,422

7,806 (2,700) 371 122,107 19,188 (110,125) 5,101 (121,213) 73,077 (23,082) (49,831) 595,854

16,680 56,033 (11,082) (18,499) (698,973) 98,122 17,429 (50,032) 30,245 (2,053) (5,005) (1,166,586)

(232,438) 11,851 2,089 73,779 (37,595) 1,414 7,548 25,574 (1,578) 5,846 1,585,780

2,912,812 (192,732) (1,423,577) (335,998) (1,744,215) 1,042,983 8,123 (1,667,841) (736,568) 1,154,793 98,122 96,269 (1,016,144) 329,222 668,320 (88,364) (239,304) 65,831,556

3,331,987 (680,344) 1,798,937 (409,546) (1,617,630) 2,423,404

1,939,459 (650,139) (6,932) (556,701) 725,687

136

(180,932) (180,932)

(7,582) (7,582)

(6,932) (235,581) (242,513)

68,327 68,327

5,271,446 (1,427,885) 1,923,593 (437,256) (3,349,813) 1,980,085

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2024

INTERNAL SERVICE FUNDS The Internal Service Funds are used to account for the financing of administrative services provided by one department or function to other departments or functions of the City on a cost reimbursement basis. EMPLOYEE GROUP INSURANCE FUND - The Employee Group Insurance Fund has been established to account for the direct and indirect costs of administering a self-funded group health insurance plan. Financing is provided by the City, the Edmond Public Works Authority, City employees, and interest earnings on fund investments. Costs associated with the plan include the payment of employee and dependent health and dental claims, third party administrative costs, insurance premium payments for catastrophic claims, fully insured life, accidental death and dismemberment, and long term disability insurance. RISK MANAGEMENT FUND - The Risk Management Fund has been established to account for direct and indirect costs for the payment of judgments and settled claims relating to torts and worker’s compensation. Financing is provided through billings to user departments. VEHICLE MAINTENANCE FUND - The Vehicle Maintenance Fund has been established to account for expenditures necessary to maintain City vehicles. Financing is provided through billings to user departments. FLEET MANAGEMENT FUND - The Fleet Management Fund has been established to accumulate resources for the replacement of vehicles and other equipment on a systematic basis. Financing is provided by fleet lease assessments to the General Fund, Park Sales Tax Fund, Administrative Support Services Fund, Edmond Public Works Authority, Fire Public Safety Limited Tax Fund and the Police Public Safety Limited Tax Fund. FIELD SERVICES FUND – The Field Services Fund has been established to provide street maintenance, water/wastewater line maintenance and traffic control systems maintenance. Financing is provided by the General Fund, Water and Wastewater Fund based upon applicable cost accounting methods. ADMINISTRATIVE SUPPORT SERVICES FUND - The Administrative Support Services Fund has been established to account for and allocate administrative overhead costs to user departments of the City. Financing is provided through billings to user departments based upon applicable cost accounting methods.

137

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025 City of Edmond, Oklahoma Combining Statement of Net Position Internal Service Funds June 30, 2025

ASSETS Current assets: Cash and cash equivalents Investments Receivables: Accrued interest Other receivables Due from other funds Inventories Total current assets Non-current assets: Restricted assets: Cash and cash equivalents Investments Capital Assets: Nondepreciable Depreciable, net of accumulated depr Total non-current assets Total assets

Group Insurance Fund

Vehicle Maintenance Fund

Risk Management Fund

Fleet Management Fund

Field Services Fund

Administrative Support Services Fund

DEFERRED OUTFLOWS OF RESOURCES Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred outflow of resources LIABILITIES Current Liabilities: Accounts payable Salaries payable Due to other funds Compensated absences Lease liability OPEB liability Claims and judgments SBITA liability Total current liabilities Non-current liabilities: Compensated absences OPEB liability Net pension liability Lease liability Claims and judgments SBITA liability Total non-current liabilities Total liabilities DEFERRED INFLOW OF RESOURCES Deferred amounts related to pensions Deferred amounts related to OPEB Total deferred inflow of resources NET POSITION Net investment in capital assets Restricted for other purposes Unrestricted (deficit) Total Net Position

608,486 7,141,430

584,043 5,094,103

1,982,432 23,266,609

297,887 3,496,123

575,229 6,751,116

Total

4,048,077 45,749,381

63,954 80,281 7,894,151

378,865 155,232 534,097

60,047 5,738,193

208,365 16,955 25,474,361

31,310 2,681,237 6,506,557

60,459 98,552 7,485,356

424,135 459,146 16,955 2,935,021 53,632,715

137,261 1,610,952

7,894,151

534,097

1,748,213 7,486,406

30,091,467 30,091,467 55,565,828

6,506,557

802,479 5,299,551 6,102,030 13,587,386

802,479 35,391,018 37,941,710 91,574,425

142,120 15,997 158,117

87,705 21,344 109,049

21,017 2,745 23,762

1,003,953 171,827 1,175,780

2,613,646 344,225 2,957,871

3,868,441 556,138 4,424,579

378,781 1,195,570 1,574,351

204,451 27,247 230,455 51,582 3,440 517,175

145,825 15,024 38,226 1,452 1,131,000 1,331,527

198,255 4,862 19,632 189 222,938

249,578 179,970 403,190 25,257 857,995

607,827 476,355 1,027,943 287,609 57,990 312,648 2,770,372

1,784,717 703,458 230,455 1,540,573 287,609 88,328 2,326,570 312,648 7,274,358

398,523 398,523 1,972,874

64,662 87,854 484,196 636,712 1,153,887

67,667 37,069 226,624 1,387,000 1,718,360 3,049,887

34,448 4,819 44,688 83,955 306,893

593,874 645,005 3,343,788 4,582,667 5,440,662

1,712,977 1,480,916 8,730,602 860,668 304,683 13,089,846 15,860,218

2,473,628 2,255,663 12,829,898 860,668 1,785,523 304,683 20,510,063 27,784,421

153,768 47,179 200,947

31,465 15,264 46,729

11,847 2,580 14,427

671,871 309,885 981,756

1,195,799 571,467 1,767,266

2,064,750 946,375 3,011,125

5,921,277 5,921,277

(662,620) (662,620)

1,621,616 2,877,223 4,498,839

30,069,729 25,198,541 55,268,270

1,259,919 1,259,919

4,358,160 (5,440,387) (1,082,227)

34,427,889 1,621,616 29,153,953 $ 65,203,458

138

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

City of Edmond, Oklahoma Combining Statement of Revenues, Expenses and Changes in Fund Net Position Internal Service Funds For the Year Ended June 30, 2025 Vehicle Maintenance Fund

Group Insurance Fund OPERATING REVENUES Charges for services Miscellaneous Total operating revenues

OPERATING EXPENSES Personal services Materials and supplies Other services and charges Insurance premium expense Claims expense Depreciation Total operating expenses Operating income (loss)

13,635,668 13,635,668

Risk Management Fund

4,030,890 4,030,890

4,862,414 412,549 5,274,963

Fleet Management Fund $

5,687,430 5,687,430

Field Services Fund

Administrative Support Services Fund

17,658,939 17,658,939

28,934,647 28,934,647

Total $

74,809,988 412,549 75,222,537

1,252 1,565,612 1,062,450 13,409,230 16,038,544 (2,402,876)

998,710 2,191,858 857,950 4,048,518 (17,628)

518,180 16,706 421,482 1,301,322 1,640,439 3,898,129 1,376,834

90,433 114,012 3,623,460 3,827,905 1,859,525

7,349,947 1,115,296 9,659,055 18,124,298 (465,359)

19,080,368 1,224,943 8,907,054 867,744 30,080,109 (1,145,462)

28,037,638 4,550,055 21,525,165 2,363,772 15,049,669 4,491,204 76,017,503 (794,966)

431,611 431,611

1,871 1,871

344,796 344,796

1,327,890 (40,330) 19,005 1,306,565

65,782 65,782

126,696 (107,419) 359,262 (30,279) 348,260

2,296,775 (147,749) 380,138 (30,279) 2,498,885

Income (loss) before transfers Capital contributions from governmental activities Change in net position

(1,971,265) (1,971,265)

(15,757) (15,757)

1,721,630 1,721,630

3,166,090 3,166,090

(399,577) (399,577)

(797,202) 20,980 (776,222)

1,703,919 20,980 1,724,899

Total net position - beginning, as previously reported Restatement Total net position - beginning, restated

7,892,542 7,892,542

(569,335) (77,528) (646,863)

2,837,030 (59,821) 2,777,209

52,131,196 (29,016) 52,102,180

2,207,680 (548,184) 1,659,496

1,208,722 (1,514,727) (306,005)

65,707,835 (2,229,276) 63,478,559

NON-OPERATING REVENUES (EXPENSES) Interest and investment revenue Gain (loss) on sale of capital assets Miscellaneous revenue Interest expense Total non-operating revenue (expenses)

Total net position - ending

5,921,277

(662,620)

139

4,498,839

55,268,270

1,259,919

(1,082,227)

65,203,458

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025 City of Edmond, Oklahoma Combining Statement of Cash Flows Internal Service Funds For the Year Ended June 30, 2025 Vehicle Maintenance Fund

Group Insurance Fund CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers Payments to suppliers Payments to employees Claims and judgments paid Interfund receipts Net cash provided by (used in) operating activities

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets Payments on lease liability Payments on SBITA liability Proceeds from sale of capital assets Interest paid on capital debt Net cash provided by (used in) capital and related financing activities CASH FLOWS FROM INVESTING ACTIVITIES Sale (purchases) of investments Interest and dividends Net cash provided by (used in) investing activities Net increase (decrease) in cash and cash equivalents Balances-beginning of year Balances-end of year Reconciliation to Combining Statement of Net Position: Cash and cash equivalents Cash and cash equivalents, non-restricted Total cash and cash equivalents, end of year

13,635,668 (2,467,331) (12,523,788) (1,355,451)

3,964,859 (3,034,048) (1,021,484) 90,673 -

Fleet Management Fund

5,274,963 (1,718,717) (474,376) (2,833,439) 248,431

5,706,435 (45,976) (88,183) (16,955) 5,555,321

Field Services Fund

Administrative Support Services Fund

17,658,940 (12,236,431) (7,038,192) (1,615,683)

29,293,909 (10,405,242) (18,133,463) 755,204

Total $

75,534,774 (29,907,745) (26,755,698) (15,357,227) 73,718 3,587,822

(7,702,587) 65,255 (7,637,332)

(848,944) (279,233) (320,821) 426 (30,279) (1,478,851)

(8,551,531) (279,233) (320,821) 65,681 (30,279) (9,116,183)

1,193,193 297,550 1,490,743

(272,476) 230,170 (42,306)

1,753,514 891,434 2,644,948

1,622,473 1,622,473

866,513 866,513

5,163,217 1,419,154 6,582,371

135,292

206,125

562,937

6,790

142,866

1,054,010

473,194

515,179

1,419,495

291,097

432,363

3,131,328

608,486

721,304

1,982,432

297,887

575,229

4,185,338

608,486 608,486

584,043 137,261 721,304

575,229 575,229

297,887 297,887

1,982,432 1,982,432

4,048,077 137,261 4,185,338

(17,628)

1,376,834

1,859,525

(465,359)

(1,145,462)

(794,966)

Reconciliation of Operating Income (Loss) to Net Cash Provided by (used in) Operating Activities: Operating income (loss) $ (2,402,876) $ Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: Depreciation expense Miscellaneous non-operating revenue Change in assets, liabilities, and deferrals: Other receivable Inventories Due from other funds Deferred outflows related to pension Deferred outflows related to OPEB Accounts and other payables 161,983 Claims liability 885,442 Due to other funds Total OPEB liability Net Pension liability Deferred inflows related to pension Deferred inflows related to OPEB Accrued compensated absences $ (1,355,451) $ Net cash provided by (used in) operating activities Non-cash Activities: Capital assets donated Fair value of intangible lease assets Change in fair value of investments Total Non-cash Activities

Risk Management Fund

(128,399) (128,399)

1,871 (67,902) 1,709 75,764 1,142 3,551 90,673 518 (118,953) 69,442 (2,130) (38,057) -

140

(13,781) (17,106) 26,516 (1,193,000) 16,015 19,493 18,766 3,137 11,557 248,431

(99,660) (99,660)

3,623,460 19,005

(16,955) (7,426) (2,095) 68,126 2,007 8,339 2,789 268 (1,722) 5,555,321

(402,959) (402,959)

1 (1,227,665) 499,803 21,442 (213,059) 17,576 (433,913) 236,987 (21,808) (29,688) (1,615,683)

(70,333) (70,333)

867,744 359,262

4,491,204 380,138

(4,227)

(67,901) (1,230,183) (16,955) 1,262,866 4,099 (158,989) (307,558) 90,673 173,998 (906,626) 781,645 (133,158) 19,535 3,587,822

708,506 716 (206,106) 137,882 (381,592) 453,661 (112,625) 77,445 755,204

20,980 938,152 (119,499) 839,633

20,980 938,152 (820,850) 138,282

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

DISCRETELY PRESENTED COMPONENT UNITS Additional information for the discretely presented component units referred to in the notes to the financial statements is provided. HISTORIC PRESERVATION TRUST Created November 15, 1982, to preserve the qualities relating to the history of the City in order to promote the economic and general welfare of the people of the City of Edmond and to ensure the harmonious, orderly and efficient growth and development of the municipality. The EHPT governing body is appointed by the current City Council. The City is able to impose its will on the EHPT because, pursuant to state law, all issuance of EHPT debt requires two-thirds approval of the City Council. The EHPT component unit does not issue separate financial statements. PARK CONSERVANCY TRUST Created November 22, 2021, to build and maintain a park(s) to benefit the City of Edmond. The PCT governing body is appointed by the current City Council. The City is able to impose its will on the PCT because, pursuant to state law, all issuance of PCT debt requires two-thirds approval of the City Council. The PCT component unit does not issue separate financial statements.

141

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

CITY OF EDMOND, OKLAHOMA BALANCE SHEET DISCRETELY PRESENTED COMPONENT UNITS June 30, 2025 HISTORIC PRESERVATION TRUST

PARK CONSERVANCY TRUST

ASSETS Cash and cash equivalents Due from primary government

98,677 -

Total assets

342,478 60,076

98,677

402,554

LIABILITIES AND FUND BALANCES Liabilities:

Accounts payable and other accrued expenses

3,097

Fund Balances: Unassigned

98,677

399,457

Total liabilities and fund balances

98,677

402,554

98,677

399,457

Reconciliation to Statement of Net Position: Fund balance Amounts reported for the discretely presented component unit in the statement of net position are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.

114,252

27,700

Net pension liability

(53,777)

Pension related deferred inflows

(10,768)

Total OPEB liability

(7,704)

OPEB related deferred inflows

(3,629)

Pension related deferred outflows

38,564

OPEB related deferred outflows

7,630

Certain long-term liabilities are not due and payable from current financial resources and therefore they, along with deferred inflows, are not reported in the funds:

Certain other long-term assets are not available to pay current fund liabilities and therefore they, along with deferred outflows, are deferred or not reported in the funds:

Net position of component units

142

212,929

397,473

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

CITY OF EDMOND, OKLAHOMA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE DISCRETELY PRESENTED COMPONENT UNITS FOR THE FISCAL YEAR ENDED June 30, 2025

Revenues: Investment income

HISTORIC PRESERVATION TRUST

PARK CONSERVANCY TRUST

Miscellaneous Total Revenues

1,313

26,379

334,219

27,692

334,219

Expenditures: Current: Culture, parks and recreation

13,575

935,294

13,575

935,294

14,117

(601,075)

30,000

741,857

Net change in fund balance

44,117

140,782

Fund balances - beginning Fund balances - ending

54,560 98,677

258,675 399,457

44,117

140,782

Total Expenditures Revenues over (under) expenditures Other financing sources: Payment from the City of Edmond

Reconciliation to Statement of Activities: Net Change in fund balance Amounts reported for the discretely presented component unit in the Statement of Activities are difference because: Governmental funds report capital outlays as expenditures while governmental activities report depreciation expense to allocate those expenditures over the life of the assets: Depreciation expense

(841)

(10,543)

(1,129)

Some expenses reported in the statement of activities do not require the use of current financial resources and these are not reported as expenditures in governmental funds: Total OPEB liability change Change in net position - component units

143

43,276

129,110

CITY OF EDMOND, OKLAHOMA OTHER SUPPLEMENTARY INFORMATION June 30, 2025

THIS PAGE INTENTIONALLY LEFT BLANK

144

STATISTICAL SECTION

STATISTICAL SECTION This part of the City of Edmond’s annual comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the city’s overall financial health. Such statistical information includes: FINANCIAL TRENDS – These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time REVENUE CAPACITY – These schedules contain information to help the reader assess the City’s most significant local revenue sources, gas and sales tax revenues. DEBT CAPACITY –These schedules present information to help the reader assess the affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future. DEMOGRAPHIC AND ECONOMIC INFORMATION – These schedules offer demographic and economic indicators to help the reader understand the environment within which the City’s financial activities take place OPERATING INFORMATION – These schedules contain service and infrastructure data to help the reader understand how the information in the City’s financial report relates to the services the City provides and the activities it performs.

145

CITY OF EDMOND, OKLAHOMA NET POSITION BY COMPONENT Last Ten Fiscal Years TABLE 1

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

$ 255,086,502

$ 297,762,184

$ 286,812,679

$ 302,958,928

$ 313,549,059

$ 335,350,062

$ 358,821,002

$ 373,528,638

$ 382,940,253

62,143,563 (30,213,326)

52,414,977 (45,256,242)

64,158,270 (29,282,105)

54,829,829 (17,829,598)

72,384,371 (17,966,287)

85,557,285 (46,441,931)

104,475,106 (51,373,704)

94,156,971 (15,465,640)

88,485,094 (9,591,728)

Total governmental activities net position

$ 287,016,739

$ 304,920,919

$ 321,688,844

$ 339,959,159

$ 367,967,143

$ 374,465,416

$ 411,922,404

$ 452,219,969

$ 461,833,619

458,820,380

Business-type activities Net investment in capital assets

$ 186,486,477

$ 200,607,566

$ 212,908,949

$ 230,309,413

$ 236,841,065

$ 262,729,475

$ 299,587,102

$ 307,265,620

$ 394,869,418

409,152,230

11,122,065

12,555,515

23,678,437

23,727,004

24,018,937

22,181,357

28,713,041

18,680,340

28,506,985

20,778,596

115,979,906

137,187,395

147,188,629

161,440,516

187,930,380

194,334,919

167,722,920

208,953,692

205,647,129

255,971,201

Total business-type activities net position

$ 313,588,448

$ 350,350,476

$ 383,776,015

$ 415,476,933

$ 448,790,382

$ 479,245,751

$ 496,023,063

$ 534,899,652

$ 629,023,532

685,902,027

Primary government Net investment in capital assets Restricted Unrestricted

$ 441,572,979 73,265,628 85,766,580

$ 498,369,750 64,970,492 91,931,153

$ 499,721,628 87,836,707 117,906,524

$ 533,268,341 78,556,833 143,610,918

$ 550,390,124 96,403,308 169,964,093

$ 598,079,537 107,738,642 147,892,988

$ 658,408,104 133,188,147 116,349,216

$ 680,794,258 112,837,311 193,488,052

$ 777,809,671 116,992,079 196,055,401

817,957,592 100,991,071 225,773,744

Total primary government net position

$ 600,605,187

$ 655,271,395

$ 705,464,859

$ 755,436,092

$ 816,757,525

$ 853,711,167

$ 907,945,467

$ 987,119,621

$ 1,090,857,151

$ 1,144,722,407

Governmental activities Net investment in capital assets Restricted Unrestricted

Restricted Unrestricted

146

408,805,362 80,212,475 (30,197,457)

CITY OF EDMOND, OKLAHOMA CHANGES IN NET POSITION Last Ten Fiscal Years TABLE 2

2016 Expenses Government activities: General government Public safety Streets and highways Cultural, parks and recreation Health and welfare Economic development Interest on long-term debt Total governmental activities expenses Business-type activities: Electric operations Water operations Wastewater operations Sanitation operations Lake operations Drainage operations Golf course operations Cooperative purchasing services Transportation operations Total business-type activities expenses Total primary government expenses Program Revenues Government activities: Charges for services: General government Public Safety Streets and highways Cultural, parks and recreation Health and welfare Operating grants and contributions Capital grants and contributions Total governmental activities program revenues

9,167,431 47,309,195 15,151,636 7,067,735 1,639,425 576,728 1,828,757 82,740,907

2017

8,005,753 52,798,820 15,148,413 8,080,826 1,681,699 1,669,226 87,384,737

2018

6,888,698 52,589,259 16,312,414 7,861,311 1,915,800 1,261,914 86,829,396

2019

8,172,549 49,828,001 16,597,738 14,772,879 1,617,932 1,160,057 92,149,156

2020

12,991,002 58,007,128 17,457,954 8,050,323 1,637,687 913,814 99,057,908

2021

12,296,879 66,034,587 30,424,648 8,001,352 1,692,397 498,068 118,947,931

2022

11,770,897 52,889,394 19,387,096 5,386,823 1,654,630 20,142 846,878 91,955,860

2023

2024

2025

14,723,845 67,645,522 22,418,931 8,708,829 1,983,679 1,015,307 116,496,113

$ 15,386,276 72,701,971 23,045,929 9,820,271 1,809,232 4,247,433 127,011,112

$ 16,326,072 91,665,245 25,278,548 11,059,894 1,818,923 4,074,305 150,222,987

75,312,602 17,495,184 7,224,538 7,052,119 1,364,701 903,578 2,318,656 50,083 1,296,604 113,018,065 $ 195,758,972

80,292,128 18,724,132 9,664,933 7,157,872 1,453,667 1,034,170 2,201,686 50,897 1,692,550 122,272,035 $ 209,656,772

83,960,339 19,607,242 15,607,025 7,046,014 1,469,855 880,609 2,070,410 74,898 1,391,561 132,107,953 $ 218,937,349

82,237,525 20,437,191 16,641,334 7,869,423 1,516,853 875,983 1,988,581 52,254 1,859,743 133,478,887 $ 225,628,043

77,298,321 21,231,254 17,041,462 8,288,157 1,629,078 867,583 2,057,579 54,043 2,045,885 130,513,362 $ 229,571,270

82,220,622 22,436,008 19,390,094 8,644,569 1,711,494 943,544 2,152,214 107,883 2,024,757 139,631,185 $ 258,579,116

97,949,623 24,655,696 18,859,707 8,961,726 1,682,757 982,069 1,081,111 51,887 2,348,671 156,573,247 $ 248,529,107

107,613,418 27,588,195 19,831,489 9,126,858 1,936,192 1,242,747 1,908,455 47,755 2,334,575 171,629,684 $ 288,125,797

95,005,999 30,342,585 21,958,485 10,775,674 2,126,252 1,288,083 2,500,676 130,429 3,233,853 167,362,036 $ 294,373,148

89,605,865 37,761,626 20,444,288 10,643,946 2,224,009 1,450,768 3,778,419 54,190 3,647,205 169,610,316 $ 319,833,303

9,888,844 1,932,347 267,784 145,970 904,198 9,166,755 12,777,103 35,083,001

$ 10,286,555 2,601,684 468,792 136,863 939,097 11,666,757 7,051,361 33,151,109

(Continued)

7,259,773 1,188,473 23,422 161,863 869,997 6,040,401 10,189,610 25,733,539

9,352,670 1,115,725 13,140 127,378 859,838 6,552,097 10,309,777 28,330,625

7,828,234 1,384,049 11,010 149,433 861,021 5,965,300 8,034,550 24,233,597

8,543,748 1,262,975 251,746 140,669 871,623 7,143,120 4,333,470 22,547,351

147

8,240,851 1,370,013 10,350 112,864 883,108 13,179,067 2,830,664 26,626,917

7,425,298 1,312,023 10,897 100,800 893,145 8,094,077 7,225,903 25,062,143

9,767,769 1,569,674 12,516 160,083 892,420 5,977,756 4,238,175 22,618,393

9,100,836 1,470,972 151,717 178,323 899,089 8,985,102 7,900,352 28,686,391

CITY OF EDMOND, OKLAHOMA TABLE 2 (Continued)

2016 Business-type activities: Charges for services: Electric operations Water operations Wastewater operations Sanitation operations Lake operations Drainage operations Golf course operations Cooperative purchasing service Transportation operationsⁱ Operating grants and contributions Capital grants and contributions Total business-type activities program revenues Total primary government program revenues

2017

2018

2019

2020

2021

2022

2023

2024

2025

91,957,403 25,066,076 13,377,584 9,128,560 1,078,431 1,876,533 2,018,439 63,524 262,869 308,943 6,492,648 151,631,010 $ 177,364,549

96,627,510 28,766,025 15,752,873 9,199,752 1,108,201 1,791,313 1,988,412 91,286 282,098 1,167,903 4,640,646 161,416,019 $ 189,746,644

96,084,847 28,945,349 18,329,678 9,341,779 1,072,563 1,823,590 1,976,462 92,670 325,498 1,259,751 8,111,664 167,363,851 $ 191,597,448

92,617,522 26,439,295 19,757,067 10,304,500 884,775 1,885,531 1,860,050 93,712 337,241 681,098 4,291,191 159,151,982 $ 181,699,333

95,266,537 32,010,388 20,595,066 10,678,199 1,348,254 1,876,169 1,856,866 85,188 365,681 1,453,389 2,911,413 168,447,150 $ 195,074,067

92,536,791 33,456,401 23,181,608 10,865,397 1,405,474 1,928,640 2,337,159 77,812 12,000 1,477,573 6,872,413 174,151,268 $ 199,213,411

98,297,073 39,141,167 25,209,433 11,026,407 1,387,903 1,932,687 157,484 125,975 10,730 1,509,766 3,047,399 181,846,024 $ 204,464,417

$ 106,980,463 42,716,492 26,804,610 11,282,875 1,629,280 1,957,956 239,746 131,042 13,730 1,278,910 6,568,013 199,603,117 $ 228,289,508

$ 105,541,869 44,104,797 26,819,064 11,947,007 1,731,172 1,958,414 3,624,164 158,943 10,730 1,642,658 23,135,990 220,674,808 $ 255,757,809

$ 101,675,477 46,306,879 27,713,934 12,234,750 1,455,321 3,115,813 3,476,100 142,565 31,253 1,519,544 15,351,607 213,023,243 $ 246,174,352

$ (57,007,368) 38,612,945 $ (18,394,423)

$ (59,054,112) 39,143,984 $ (19,910,128)

$ (62,595,799) 35,255,898 $ (27,339,901)

$ (69,601,805) 25,673,095 $ (43,928,710)

$ (72,430,991) 37,933,788 $ (34,497,203)

$ (93,885,788) 34,520,083 $ (59,365,705)

$ (69,337,467) 25,272,777 $ (44,064,690)

$ (87,809,722) 27,973,433 $ (59,836,289)

$ (91,928,111) 53,312,772 $ (38,615,339)

$ (117,071,878) 43,412,927 $ (73,658,951)

46,328,395 16,007,631 2,286,751 13,720,509 2,121,326 548,394 1,015,817 2,159,392 871,305 2,812,600 87,872,120

59,850,895 19,285,732 2,755,105 16,530,628 2,156,151 711,437 1,358,829 (2,599,445) 1,265,717 5,479,406 106,794,455

63,968,567 20,383,542 6,043,671 17,471,607 88,147 2,205,470 931,469 15,179,217 3,685,160 2,673,325 (4,522,888) 128,107,287

$ 64,507,539 20,400,641 2,914,377 17,486,264 145,889 1,872,913 859,264 6,465,628 10,765,630 4,667,935 (26,545,393) 103,540,687

$ 64,016,864 19,894,568 2,842,081 17,052,487 300,954 1,863,775 1,269,946 3,888,447 8,036,263 983,936 684,271 120,833,592

8,822,828 17,595 (2,812,600) 6,027,823 93,899,943

6,322,089 (10,942,428) (4,620,339) $ 95,818,636

(3,016,675) 616 (5,479,406) (8,495,465) 98,298,990

6,380,268 4,522,888 10,903,156 $ 139,010,443

12,266,789 26,545,393 38,812,182 $ 142,352,869

16,142,380 (684,271) 15,458,109 $ 136,291,701

18,270,315 31,700,918 49,971,233

37,456,988 16,777,312 54,234,300

$ 11,612,576 92,124,954 $ 103,737,530

Net (Expense)/Revenue Government activities Business-type activities Total primary government net expense

General Revenues and Other Changes in Net Position Government activities: Taxes: Sales and use taxes - General government $ 38,186,535 Sales and use taxes - Public safety 6,341,907 Sales and use taxes - Park and recreation 2,113,969 Sales and use taxes - Capital improvements 21,139,690 Ad valorem property taxes Franchise and public service taxes 2,281,490 Hotel/motel taxes 464,362 1,060,789 Intergovernmental revenue not restricted to spe Investment income 933,373 Miscellaneous 1,015,926 Transfers-Internal activity (669,672) Total governmental activities 72,868,369 Business-type activities: Investment earnings 917,706 Miscellaneous Transfers - Internal activity 669,672 Total business-type activities 1,587,378 Total primary government $ 74,455,747 Change in Net Position Government activities Business-type activities Total primary government

$ $

15,861,001 40,200,323 56,061,324

$ $

38,693,158 8,631,688 2,107,465 18,765,363 2,142,557 464,292 1,118,273 626,649 1,097,844 3,311,003 76,958,292 929,047 (3,311,003) (2,381,956) 74,576,336

17,904,180 36,762,028 54,666,208

$ $

41,601,211 15,175,675 2,167,676 13,006,050 2,178,428 520,259 1,056,904 838,366 829,258 3,956,561 81,330,388 2,479,408 3,514 (3,956,561) (1,473,639) 79,856,749

18,734,589 33,782,259 52,516,848

$ $

148

48,939,746 16,681,098 2,383,014 14,298,084 2,075,062 449,831 1,176,698 2,307,769 1,185,245 10,942,428 100,438,975

28,007,984 33,313,449 61,321,433

54,024,096 17,806,528 2,543,858 15,263,151 2,027,462 487,155 1,299,274 406,854 1,380,056 5,145,627 100,384,061 1,078,913 2,000 (5,145,627) (4,064,714) 96,319,347

6,498,273 30,455,369 36,953,642

$ $

40,297,565 38,876,589 79,174,154

3,761,714 58,871,036 $ 62,632,750

CITY OF EDMOND, OKLAHOMA FUND BALANCES, GOVERNMENTAL FUNDS Last Ten Fiscal Years TABLE 3

2016 General Fund Restricted Assigned Unassigned Total general fund All Other Governmental Funds Nonspendable Restricted Committed Assigned Unassigned Total all other governmental funds

GRAND TOTAL

2017

2,889,481 1,120,870 3,142,639 7,152,990

59,241,768 8,902 5,867,853 (1,999,113) 63,119,410

70,272,400

2018

2,660,047 1,462,779 5,419,733 9,542,559

53,097,413 3,444 6,909,158 (50,046) $ 59,959,969

$ 69,502,528

2019

3,364,662 2,720,331 6,731,159 12,816,152

59,247,663 3,175 7,684,589 (128,156) 66,807,271

79,623,423

2020

3,467,816 4,069,136 7,900,989 15,437,941

49,422,691 61,059 8,994,482 (86,168) 58,392,064

73,830,005

2021

3,660,040 4,117,327 7,367,702 15,145,069

66,755,124 83,452 9,776,816 (100,047) 76,515,345

91,660,414

149

2022

3,014,106 (1,455,878) 1,558,228

80,194,952 98,555 5,644,208 (161,533) 85,776,182

87,334,410

2023

2,912,066 1,114,242 4,026,308

99,686,560 2,287,504 8,879,434 (642,585) 110,210,913

114,237,221

2024

3,314,005 2,642,208 12,306,061 18,262,274

174,740,993 1,373,932 7,485,927 (410,743) $ 183,190,109

$ 201,452,383

2025

2,680,630 4,180,190 4,556,333 11,417,153

857 165,671,356 399,735 9,079,165 (1,282,912) 173,868,201

326 113,529,466 570,288 12,927,758 (1,538,031) 125,489,807

185,285,354

132,887,825

2,334,740 1,590,917 3,472,361 7,398,018

CITY OF EDMOND, OKLAHOMA CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS Last Ten Fiscal Years TABLE 4

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

67,782,101 2,281,490 464,362 7,450,843 6,311,280 1,641,283 1,412,552 845,306 85,876 1,488,927 89,764,020

$ 68,197,674 2,142,557 464,292 7,805,686 7,663,884 2,267,734 1,452,924 583,258 61,930 1,107,010 $ 91,746,949

$ 71,950,612 2,173,068 520,256 7,262,029 6,981,728 1,628,740 1,446,443 768,467 823,154 $ 93,554,497

78,343,286 2,121,326 548,394 8,232,953 7,409,618 1,854,649 1,544,064 2,162,265 953,514 $ 103,170,069

82,301,942 2,075,062 449,831 8,188,527 7,128,160 1,653,304 1,625,110 2,289,689 2,689,856 $ 108,401,481

89,637,633 2,027,462 487,155 13,569,960 7,176,468 1,260,602 1,268,230 404,489 1,492,738 $ 117,324,737

98,422,360 2,156,151 3,313,783 8,847,853 7,676,703 1,771,074 1,908,178 (2,561,888) 1,953,883 $ 123,488,097

$ 107,867,387 2,205,470 931,469 24,491,424 8,020,846 1,551,901 1,843,376 3,584,995 1,794,315 $ 152,291,183

$ 105,308,821 1,872,913 859,264 16,902,859 8,462,399 1,698,863 2,661,321 10,697,309 2,849,933 $ 151,313,682

$ 103,806,000 1,863,775 1,269,946 15,064,361 8,752,370 2,019,004 2,813,344 7,802,338 2,780,382 $ 146,171,520

5,937,535 49,182,140 6,354,224 4,696,132 1,384,677 576,728 19,924,453

6,364,851 2,164,759 96,585,499

6,529,309 2,005,000 $ 95,827,824

6,701,397 1,597,915 $ 87,390,166

6,956,637 1,496,059 $ 111,776,087

7,194,769 1,249,817 $ 101,513,500

5,389,496 843,076 $ 123,093,572

7,067,145 1,218,907 $ 142,064,692

6,207,362 1,119,931 $ 142,271,925

5,113,581 3,639,595 $ 164,180,997

8,127,677 4,334,723 $ 202,144,091

(6,821,479)

$ (4,080,875)

6,164,331

(8,606,018)

6,887,981

(5,768,835)

(18,576,595)

10,019,258

(12,867,315)

$ (55,972,571)

52,673,556 (53,343,228)

$ 54,126,365 (50,815,362)

$ 58,879,082 (54,922,521)

59,149,775 (56,337,175)

71,195,783 (60,253,355)

71,163,408 (66,017,781)

80,624,405 (75,144,999)

80,587,000 (84,491,096)

99,955,954 (101,940,684)

Revenues Sales and use taxes Franchise and public service taxes Hotel/motel taxes Intergovernmental Charges for services Fines and forfeitures Licenses and permits Investment income Interest earning on interfund loan Miscellaneous Total Revenues

Expenditures: General government Public safety Streets and highways Cultural, Parks and Recreation Health and welfare Economic development Capital Outlay Debt service: Principal Interest and fiscal charges Total Expenditures Excess of revenues over(under) expenditures

6,111,202 49,487,104 5,377,604 5,047,946 1,426,948 19,842,711

6,317,255 51,433,553 1,661,448 5,122,238 5,488,301 9,068,059

7,188,375 55,538,847 1,386,878 5,212,135 6,280,570 27,716,586

8,039,099 54,673,635 1,415,896 5,447,007 6,343,809 17,149,468

8,779,312 57,730,248 18,317,409 5,427,619 1,480,351 25,126,061

10,583,902 61,193,993 7,068,932 5,829,808 1,442,929 20,142 47,638,934

13,268,844 70,503,053 7,642,686 6,433,342 1,635,321 35,461,386

11,565,126 77,610,646 1,608,883 7,594,626 7,961,993 49,086,547

14,215,116 78,829,161 1,614,964 7,373,066 8,893,643 78,755,741

Other financing sources(uses) Transfers in Transfers out Proceeds from long-term debt Total other financing sources(uses) $ Net change in fund balances Debt service as a percentage of noncapital expenditures

90,357,935 (90,110,902)

(669,672)

3,311,003

3,956,561

2,812,600

10,942,428

6,599,299 1,442,831

40,000,000 45,479,406

81,100,000 77,195,904

683,942 (1,300,788)

(7,491,151)

(769,872)

$ 10,120,892

(5,793,418)

17,830,409

(4,326,004)

26,902,811

87,215,162

(14,168,103)

$ (55,725,538)

11.2%

10.6%

7.5%

10.1%

11.1%

9.2%

10.0%

150

6.3%

8.7%

6.8%

247,033

CITY OF EDMOND, OKLAHOMA GOVERNMENTAL ACTIVITIES TAX REVENUES BY SOURCE Last Ten Fiscal Years TABLE 5

Fiscal Year 2016

Sales Tax $

63,419,072

Use Tax $

4,363,029

Franchise Tax $

2,231,857

Hotel/ Motel Tax

Liquor Tax $

49,633

464,362

Totals $

70,527,953

2017

62,905,560

4,602,444

2,086,557

60,000

464,292

70,118,853

2018

65,030,252

6,920,359

2,116,876

56,192

520,259

74,643,938

2019

68,602,544

9,740,742

1,921,645

199,681

548,394

81,013,006

2020

71,490,418

10,811,523

1,922,300

152,762

449,831

86,250,136

2021

76,315,753

13,321,880

1,844,741

182,721

487,155

92,152,250

2022

82,653,138

15,769,220

2,009,504

146,647

711,437

101,289,947

2023

88,837,659

17,379,031

2,033,427

172,043

931,469

109,353,629

2024

87,431,319

17,877,502

1,709,405

163,508

859,264

108,040,998

2025

85,262,434

18,543,566

1,696,062

167,713

1,269,946

106,939,721

151

CITY OF EDMOND, OKLAHOMA ELECTRICITY REVENUE BY CUSTOMER TYPE LAST TEN FISCAL YEARS TABLE 6

2017

2016 Residential Commercial Large Commercial & Industrial Other

Totals

54,344,401

57,601,509

2018 $

56,980,187

2019 $

54,782,535

2020 $

56,350,635

2021 $

54,575,536

2022 $

57,128,255

2023 $

62,679,040

2024 $

62,732,046

2025 $

60,210,328

26,186,761.00 1,136,853.00 8,267,848.00

27,314,591.00 1,256,929.00 8,797,452.00

27,173,997.00 1,192,418.00 8,530,719.00

26,132,873.00 1,039,152.00 8,628,662.00

26,518,095.00 1,017,380.00 8,849,524.00

25,993,972.00 740,706.00 8,626,611.00

27,447,918.00 763,214.11 9,918,247.00

25,537,646.47 608,451.69 9,344,017.05

25,274,575.81 607,256.04 9,406,226.23

23,846,110.73 575,259.51 8,890,807.88

89,935,863

94,970,481

93,877,321

90,583,222

92,735,634

Source: City of Edmond Utility Customer Service Department

152

89,936,825

95,257,634

98,169,155

98,020,104

93,522,506

CITY OF EDMOND, OKLAHOMA TOP TEN ELECTRIC CUSTOMER LAST TEN YEARS TABLE 7

2015

2016

2022

2023

2024

2025

2,480,011

2.8%

2,600,226

2.8%

$ 2,471,991

2.7%

2,695,813

2.9%

$ 2,700,283

3.0%

3,347,293

3.5%

$ 6,067,476

6.2%

$ 3,551,725

3.6%

$ 3,555,729

3.6%

1,851,218

2.0%

2,064,566

2.2%

$ 2,292,888

2.5%

2,424,474

2.6%

$ 2,480,989

2.8%

2,562,350

2.7%

$ 3,684,600

3.8%

$ 2,561,025

2.6%

$ 2,276,537

2.3%

Edmond Public Schools

$ 2,437,296

3.1%

2,577,853

2.7%

2,577,610

2.7%

$ 2,551,565

2.8%

2,454,767

2.6%

$ 2,437,435

2.7%

2,804,648

2.9%

$ 5,466,531

5.6%

$ 3,354,646

3.4%

$ 3,131,690

3.2%

Integris Health Edmond

494,264

0.6%

310,761

0.3%

10 $

579,351

0.6%

609,388

0.7%

715,895

0.8%

999,617

1.1%

1,102,780

1.2%

$ 1,623,967

1.7%

$ 1,173,987

1.2%

$ 1,056,879

1.1%

Walmart

$ 1,046,622

1.3%

811,535

0.9%

1,139,731

1.2%

$ 1,006,943

1.1%

967,127

1.0%

814,922

0.9%

804,537

0.8%

$ 1,198,800

1.2%

882,811

0.9%

842,114

0.9%

Mercy Health

833,125

1.1%

674,400

0.7%

889,319

0.9%

878,889

1.0%

839,491

0.9%

706,033

0.8%

682,860

0.7%

1.0%

694,111

0.7%

582,460

0.6%

Crest

452,313

0.6%

355,156

0.4%

487,583

0.5%

456,414

0.5%

461,075

0.5%

441,966

0.5%

393,378

0.4%

669,352

0.7%

586,447

0.6%

696,151

0.7%

0.0%

291,105

0.3%

485,643

0.5%

698,571

0.7%

485,483

0.5%

447,265

0.5%

10 $

447,974

0.6%

448,418

0.5%

650,943

0.7%

0.0%

0.0% 9

430,421

0.5%

Value

% of Total

Value

% of Total

977,664

Sam's Club Grow Big Consultants Lowe's OU Medical Center Edmond YMCA Homeland Stores Totals Total Electric Revenue (see Table 6)

9 7

$ 448,296 $ 491,979 $ 10,743,399 $ 78,135,179

0.0% 0.0% 0.6% 0.6% 13.7%

8 7 6

$ 379,453 $ 393,246 $ 10,124,738 $ 89,935,863

0.4% 0.4% 10.8%

$ $ $

498,967 419,144 460,090

0.5% 0.4% 0.5%

$ 11,716,587

12.5%

7 10

$ $ $

475,887 436,584 443,055

0.5% 0.5% 0.5%

$ 11,623,605

12.8%

9 8

$ $ $

431,664 451,525 426,877

0.5% 0.5% 0.5%

10 $ 7

381,486 459,753

0.4% 0.5%

13.2%

434,170

0.5%

$ 13,066,078

13.7%

574,595

0.6%

$ 21,612,499

22.0%

Value

% of Total

Rank

2.3%

% of Total

Rank

2.9%

$ 1,825,544

% of Total

Rank

$ 2,265,985

Value

Rank

University of Central Oklahoma

% of Total

Rank

City of Edmond

Value

% of Total

2021

Value

City of Oklahoma City

% of Total

2020

Value

Edmond Medical

Value

2019

Value

Taxpayer

% of Total

2017

Value

% of Total

482,178

0.5%

454,100

0.5%

382,232

0.4%

388,082

0.4%

$ 14,154,644

14.4%

$ 13,431,006

13.7%

$ 93,877,321

$ 90,583,222

11,868,709 12.8%

$ 11,852,905

92,735,634

$ 89,936,825

Source: City of Edmond Utility Customer Ser

153

$ 95,257,634 **

$ 98,169,155

$98,020,104

$93,522,506

CITY OF EDMOND, OKLAHOMA ELECTRICITY RATES LAST TEN YEARS TABLE 8 Edm Elec Rate Code E01

Rate Schedule

Units

11/01/2014-11/1/2015

Edm Elec 11/01/201511/1/2017

Edm Elec 11/01/201711/1/2018

Edm Elec 11/01/201803/24/2020

Edm Elec 03/24/202006/30/2024

Edm Elec 03/24/202106/30/2025

$/mo

14.00

$/kWh $/kWh

0.0843 0.0843

0.0851 0.0851

$/kWh $/kWh

0.0843 0.0870

0.0851 0.0957

$/kWh $/kWh

0.0843 0.0843

0.0851 0.0851

$/kWh $/kWh

0.0843 0.048

0.0851 0.0485

$/mo

30.00

$/kWh $/kWh

0.0851 0.0851

$/kWh $/kWh

0.0851 0.0957

$/kWh $/kWh

0.0851 0.0485

R -1 Residential Customer Charge Energy Charge Shoulder - May First 600 kWh Add'l kWh over 600 Summer (Jun-Sep) First 1,400 kWh Add'l kWh over 1,400 Shoulder - Oct First 600 kWh Add'l kWh over 600 Winter (Nov-Apr) First 600 kWh Add'l kWh over 600

E01

R -DG Residential with Distributed Generation** Customer Charge Energy Charge

Shoulder - May & Oct First 600 kWh Add'l kWh over 600 Summer (Jun-Sep) First 1,400 kWh Add'l kWh over 1,400 Winter (Nov-Apr) First 600 kWh Add'l kWh over 600 LIHEAP-1 Low Income Home Energy Assistance Program Rider Customer Charge Energy Charge Summer (Jun-Sept) First 600 kWh Add'l kWh over 600 Winter (Nov-Apr) First 600 kWh Add'l kWh over 600 Summer & Shoulder (May-Oct) Acceptance requires quaification by DHS prior to annual participation.

$/mo

3.58

$/kWh $/kWh

0.0843 0.0870

0.0851 0.0957

$/kWh $/kWh $/kWh

0.0843 0.048 same as R-2

0.0851 0.0485 same as R-2

0.0851 0.0485 same as R-2 (Continued)

154

CITY OF EDMOND, OKLAHOMA ELECTRICITY RATES LAST TEN YEARS TABLE 8 Edm Elec Rate Code E02

Rate Schedule GS-1 General Service Customer Charge Energy Charge Summer (Jun-Oct) All kWh Winter (Nov-May) First 1000 kWh Add'l kWh over 1000 GS-DG General Service with Distributed Generation** Customer Charge Energy Charge Summer (Jun-Oct) All kWh Winter (Nov-May) First 1000 kWh Add'l kWh over 1000

E09*

E03

GS-M General Service Medium * Customer Charge Capacity Charge Summer (Jun-Oct) Maximum Demand Winter (Nov-May) Maximum Demand Energy Charge Summer (Jun-Oct) All kWh Winter (Nov-May) All kWh GS-TOU General Service Time-of-Use Customer Charge TOU Meter Charge (Jun-Oct) Energy Charge Summer On-Peak Hours (2p-8p) Summer Off-Peak Hours Winter First 1000 kWh Add'l kWh over 1000

E08

PL-1 Power & Light Customer Charge Capacity Charge (new 25% ratchet) Summer (Jn-Oct) Winter (Nov-May) Energy Charge First 1,000,000 kWh All Add'l kWh

Units

11/01/2014-11/1/2015

Edm Elec 11/01/201511/1/2017

Edm Elec 11/01/201711/1/2018

Edm Elec 11/01/201803/24/2020

Edm Elec 03/24/202006/30/2024

Edm Elec 03/24/202106/30/2025

$/mo

30.00

$/kWh

0.1029

0.1055

$/kWh $/kWh

0.0886 0.0493

0.0908 0.0505

$/mo

65.00

$/kWh

0.1055

$/kWh $/kWh

0.0908 0.0505

$/mo

50.00

$/kWh $/kWh $/kWh $/kWh

12.00 4.50

0.0525

$/kWh $/kWh

$/mo $/mo

35.00 0

$/kWh $/kWh

0.3434 0.0491

0.3520 0.0503

$/kWh $/kWh

0.0882 0.0491

0.0904 0.0503

$/mo

80.00

$/kW $/kW

13.37 8.20

13.7 8.40

$/kWh $/kWh

0.0413 0.0413

0.0423 0.0423

0.0423 0.0423 (Continued)

155

CITY OF EDMOND, OKLAHOMA ELECTRICITY RATES LAST TEN YEARS TABLE 8 Edm Elec Rate Code E06

E07

E04

11/01/2014-11/1/2015

Edm Elec 11/01/201511/1/2017

Edm Elec 11/01/201711/1/2018

Edm Elec 11/01/201803/24/2020

Edm Elec 03/24/202006/30/2024

Edm Elec 03/24/202106/30/2025

100.00 0

1.54 13.64

1.58 13.68

650.00

6.63 0 6.63

6.79 0 6.79

0 0

0.1328 0.0332 0.0332

0.1361 0.034 0.034

$/mo

55.00

$/kWh

0.1028

0.1054

$/kWh $/kWh

0.0896 0.0591

0.0918 0.0606

0.0027

0.00556

0.00842

0.017

0.01700

Rate Schedule Units PL-TOU Power & Light Time-of-Use Customer Charge $/mo TOU Meter Charge (Summer) $/mo Capacity Charge Summer Max Billing Demand $/kW On-Peak Hrs Demand $/kW Winter Winter (Nov-May) $/kW Energy Charge First 2,000,000 kWh/month $/kWh All Additional kWh/month $/kWh LPL-TOU Large Power & Light Time-of-Use Customer Charge $/mo Capacity Charge (new 25% ratchet) Summer (Jun-Oct) mo. Max. Demand $/kW On-Peak 2p-8p (except Sun.*) $/kW Winter (Nov-May) $/kW Energy Charge First 2,000,000 kWh/month $/kWh All Additional kWh/month $/kWh * for OG&E summer On-Peak, all weekends and 3 holidays are exempt. On Peak kWh/mo (June 1-Sept 30, 2-7:00 pm) $/kWh Off-Peak kWh/mo $/kWh Winter Season: All kWh $/kWh PS-ND-1 Public Schools Non Demand Customer Charge Energy Charge Summer (Jun-Oct) All kWh Winter (Nov-May) First 1000 kWh Add'l kWh over 1000

*GPWR Green Power Wind Rider (for all standard rates) Wind Selection Charge $/kWh (Customer selects 100% or fixed 100kWh blocks subject to WSC. This WSC rate is added to, and monthly FCA is subtracted from, the standard rate calculation for customer's selected quantity of wind power kWh.) *New Customers to GPWR as of 4/1/2017 As of 4/1/17 customers will be 100% kWh. Max of 100,000,000 kWh annual sales per year.

$/kWh

11/1/2022 0.022

2/1/2023 0.025

3/1/2023 0.027

4/1/2023 0.300

3/24/2020 0

Existing Wood Pole

Monthly KWH

8.49 6.86 13.91 9.06 12.62

Pure and Simple 2 Rate Adjustments FY23

OAL-1 Outdoor Security Lighting Base Charge 7,000 Mercury Vapor * (71kWh/mo) 9,500 High Pressure Sodium (41kWh/mo) 14,000 Metal Halide - Directional 15,500 High Pressure Sodium 25,000 High Pressure Sodium *Not available for new installations

(Continued)

156

CITY OF EDMOND, OKLAHOMA ELECTRICITY RATES LAST TEN YEARS TABLE 8 Edm Elec Rate Code

Rate Schedule Additional Charges Extension of Secondary Circuit and Wood Pole 30 foot pole 35 foot pole 40 foot pole 45 foot pole 50 foot pole *with wiring requirement of 150 feet or less Underground wiring additional *If pole has to be hand set additional charge Ornamental Lighting Fixtures Base Charge 9,500 High Pressure Sodium on 24 foot fiberglass pole (41 kWh/mo)

E05

PM-1 Municipal Water Pumping Customer Charge Energy Charge Summer (Jun-Oct) Winter (Nov-May) TSL-LED-1 Traffic Signal Lights Customer Charge Energy Charge Per intersection (250 kWh/mo) OWD-1 Outdoor Warning Device (7-1-08) Customer Charge Energy Charge

Units

11/01/2014-11/1/2015

Edm Elec 11/01/201511/1/2017

Edm Elec 11/01/201711/1/2018

Edm Elec 11/01/201803/24/2020

Edm Elec 03/24/202006/30/2024

Edm Elec 03/24/202106/30/2025

5.37 7.24 8.01 8.97 9.93

5.37 5.37 5.37 5.37 5.37

0 0.00

0 0

22.84

22.84 41

$/mo

50.00

$/kW $/kW

0.0679 0.0513

0.0696 0.0526

$/mo

10.5 Monthly KWH 21.00

11.16 n/c

5.76 11.62 14.5 4.90 6.82 10.85 9.89 9.50

5.76 11.62 14.5 4.9 6.82 10.85 9.89 9.5

5.76 11.62 14.5 4.9 6.82 10.85 9.89 9.5 (Continued)

19.98

LM-1 Municipal Roadway & Area Lighting Base Charge 7,000 Lumens-MV Lamps *(71kWh/mo) 20,000 Lumens-MV Lamps *(161kWh/mo) 40,000 Lumens-MV Lamps *(272kWh/mo) 9,500 Lumens-High Pressure Sodium (41kWh/mo) 15,500 Lumens-High Pressure Sodium (71kWh/mo) 25,000 Lumens-HPS (Directional) (107kWh/mo) 25,000 Lumens-High Pressure Sodium (107kWh/mo) 14,000 Lumens-HMLamps (Directional) (71kWh/mo)

157

CITY OF EDMOND, OKLAHOMA ELECTRICITY RATES LAST TEN YEARS TABLE 8 Edm Elec Rate Code

Rate Schedule Sign & Underpass Lighting Fixtures 7,000 Mercury Vapor *** (71 kWh/mo) 9,500 High Pressure Sodium (41 kWh/mo) *Not available for new installations **When installed on High Mast Lighting System ***These are available for new installations only as sign lighting Additional Charges Standard Wood Pole Extention of Secondary Circuit and Wood Pole 30 foot pole 35 foot pole 40 foot pole 45 foot pole 50 foot pole *with wiring requirement of 150 feet or less Each additional 5 feet Standard Pole other than Wood 15 to 19 foot 20 to 24 foot 25 to 27 foot 28 to 32 foot 33 to 37 foot 38 to 42 foot 43 to 47 foot Ornamental Type Fixtures *7,000 Lumen MV w 19' Steel Pole (71 kWh/mo) 9,500 HPS w 19' Steel Pole (41 kWh/mo) 20,000 Lumen MV w 24' Steel Pole (161 kWh/mo) 25,000 Lumen HPS w 24' Steel Pole (107 kWh/mo)

Units

11/01/2014-11/1/2015

Edm Elec 11/01/201511/1/2017

Edm Elec 11/01/201711/1/2018

Edm Elec 11/01/201803/24/2020

Edm Elec 03/24/202006/30/2024

Edm Elec 03/24/202106/30/2025

7.01 7.01

3.17 4.70 5.47 6.14 6.72

3.17 3.17 3.17 3.17 3.17

3.36

5.09 5.47 6.82 7.58 11.52 16.22 21.31

5.09 5.09 5.09 5.09 5.09 5.09 5.09

11.96 11.52 19.26 18.82

Note: Data is presented only for years including and subsequent to implementation of GASB 44. Note: Rate codes changed with system upgrade as of 12/2014.

* Rate code E09 and GPWR for new customers became effective on 4/1/2017. **Distributed Generation rate codes became effective on 1/13/2020. Note: Fuel adjustment cost is associated with all $/kWh costs. Source: City of Edmond Utility Customer Service Department

158

CITY OF EDMOND, OKLAHOMA HISTORICAL UTILITY CUSTOMERS LAST TEN FISCAL YEARS TABLE 9 FYE June 30, 2025 2024 2023 2022 2021 2020 2019 2018 2017

Electric 44,643 43,933 43,106 42,624 41,919 41,224 40,558 40,024 39,018

Water 34,328 33,791 33,208 32,778 32,298 31,585 31,049 30,619 29,798

*comes from UCS 13 mo report Total Active Accounts section

159

Wastewater 34,904 34,420 33,876 33,479 32,999 32,339 31,808 31,346 30,584

CITY OF EDMOND, OKLAHOMA TEN LARGEST WATER and WASTEWATER CUSTOMERS LAST EIGHT YEARS Table 10 2018

15,349 9,584

% of Total Revenue 1.79 1.25 1.26

118,725 74,750

0.43 0.27

Usage (gallons) 1 52,125 3 27,584 2 30,010

5 8

13,462 10,291

Revenue $501,421 316,868 330,949

110,951 78,619

% of Total Revenue 1.97 1.25 1.3

Usage (gallons) 1 60,539 2 31,019 3 28,042

2021

Revenue $597,141 373,901 341,033

% of Total Revenue 2.02 1.26 1.15

4 9

18,277 12,864

138,311 108,806

0.47 0.37

14,870

120,132

0.41

Rank

5 9

Revenue $492,323 342,917 345,946

2020

Rank

Usage (gallons) 1 57,464 3 36,084 2 37,034

Rank

WASTEWATER CUSTOMERS University of Central Oklahoma Edmond Public Schools Rolling Green APT City of Edmond Edmond Medical (OU Medical Ctr)* WFI ICO LLC Integris Health Edmond Inc 3900 East 15th Street LLC TCG Edmond Campus LLC The Greens at Coffee Creek EPS - Santa Fe High Mercy Edmond I-35 EPS - Sequoyah Middle Arcadia Public Works Authority CCL Covell Drive BRE Silver MF Second OK City Heights on 2nd Rolling Hills LLC AE Sunset LLC Enclave Apartments Covell Village LLC SL Copper Lake Estates, LLC Villas at Stonebridge II Villas at Stonebridge I Olympic Club Apartments

Rank

WATER CUSTOMERS University of Central Oklahoma City of Edmond Edmond Public Schools City of Oklahoma City Rolling Green APT Edmond Medical (OU Medical Ctr)* TCG Edmond Campus LLC Integris Health Edmond Inc Cornerstone-Oxford Oaks LLC Oscar Renda Contracting INC WFI ICO LLC 3900 East 15th Street LLC the Greens at Coffee Creek Villas Stonebridge I LLC SATCA LTD Kickingbird Hills LLC BVP Bryant Place IRT OKC Portfolio Owner LLC YMCA North Holcomb III Freedom Plaza BRE Silver MF Second OK DW Wynn LLC Yes Companies, WFC LLC Apple Village MH EST

2019

1 5 2 9 4 7

Usage (gallons) 46,641 20,735 22,993 12,846 21,617 14,371

Revenue $517,740 314,001 332,143 118,862 164,132 123,501

% of Total Revenue 1.60% 0.97% 1.03% 0.37% 0.51% 0.38%

13,089

147,832

0.46%

0.44 0.31

0.00% 7 10

10570 8,993

73928 63,919

0.27 0.23

7 9

11,706 8685

94,431 100579

0.37 0.40

22,839

164,096

0.6

21,108

156,153

0.61

11,701

89,940

0.33

6 10

12,826 8,657

103,053 68,413

0.41 0.27

10,062

78,257

0.28

1 2 7 3

Usage (gallons) 37,079 25,563 17,343 20,727

Revenue $244,102 172,819 92,775 130,147

% of Total Revenue 1.40 0.99 0.53 0.75

25,563

172,819

0.99

5 6

11,368 20,487

104,703 94,569

0.6 0.54

28,798

136,853

0.72

14,404

114,703

0.66

8 3

10,337 14,958

62,940 126,810

0.33 0.67

9 10 8

7,407 7,433 10,871

73,149 70,354 87,559

0.42 0.4 0.5

1 5 4 6 10

9 7

Usage (gallons) 26,169 13,540 18,834 12,196 12,604

5,286 6,150

Revenue $208,063 102,434 108,276 75,252 58,138

59,186 65,086

Comparisons to ten year prior were not available. City began tracking data in FY 18. *Corrected prior year totals; was listed as a separate entity in FY23; it has actually been listed in prior years

160

% of Total Revenue 1.10 0.54 0.57 0.4 0.31

0.31 0.3

5 8 10

17,582 14,219 11,463

131,871 107,003 85,202

0.45 0.36 0.29

3 8 10

22,805 13,089 12,689

185,465 147,832 99,130

0.57% 0.46% 0.31%

15,703

122,909

0.41

14,439

117,320

0.36%

1 4 3 8

Usage (gallons) 47,502 23,002 29,580 17,958

Revenue $330,926 177,057 101,517 143,270

% of Total Revenue 1.69 0.9 0.52 0.73

1 7 2

Usage (gallons) 39,259 18,894 35,868

Revenue $317,728 173,635 126,217

% of Total Revenue 1.45% 0.79% 0.58%

18,894

173,635

0.79%

5 2

21,594 39,963

117,776 113,366

0.6 0.58

5 3

20,778 28,073

126,922 95,696

0.58% 0.44%

19,714

76,716

0.39

19,614

83,693

0.38%

19,300

94,492

0.48

26,520

144,338

0.66%

10 9

14,913 15,000

86,651 91,543

0.44 0.47

9 10 8

15,443 15,053 15,920

98,696 94,836 102,250

0.45% 0.43% 0.47%

CITY OF EDMOND, OKLAHOMA TEN LARGEST WATER and WASTEWATER CUSTOMERS LAST EIGHT YEARS Table 10 2022

14,340

124,937

0.34%

17,773

149,430

0.41%

12,769

108,523

0.30%

13,686

123,205

0.34%

Revenue $382,843

% of Total Revenue 1.58%

159,316 213,867

0.66% 0.89%

Usage (gallons) 1 48,712 2 4

46,278 27,312

7 6 3

17,773 21,216 31,546

91,436 134,824 246,985

0.38% 0.56% 1.02%

32,544

143,748

0.59%

8 9 10

16,265 15,692 15,463

105,621 101,219 106,144

0.44% 0.42% 0.44%

Revenue $818,799 598,240 568,593

% of Total Revenue 2.23% 1.63% 1.55%

5 10

16,902 10,004

161,576 97,794

0.44% 0.27%

6 4 8 7 9

14,563 18,349 10,552 10,693 10,380

131,042 163,249 114,943 111,602 107,123

0.36% 0.44% 0.31% 0.30% 0.29%

Usage (gallons) 4 13,090

Revenue 72,081

% of Total Revenue* 0.30%

27,146

$183,572

0.76%

15,321

90,525

0.37%

5 2 7

8,935 18,348 7,620

57,769 96,988 45,117

0.24% 0.40% 0.19%

6 8 9 10

8,365 7,476 7,473 7,177

63,259 44,743 40,133 49,558

0.26% 0.19% 0.17% 0.21%

Comparisons to ten year prior were not available. City began tracking data in FY 18. *Corrected prior year totals; was listed as a separate entity in FY23; it has actually been listed in prior years

161

1 2 3 4 5 6 7 8 9 10

Usage (gallons) 65,351 42,080 32,969 19300 17636 17,490 13,486 13265 13082 13023

Usage (gallons) 32,007 26,704 22363 17,787 16,471 16,040 13265 12,794 11,675 11,025

Revenue $812,409 612,317 506,060 203,708 167,059 175,663 135,498 178,967 155,378 138,533

Revenue $346,107 242,571 160875.94 177,142 97,171 116,526 95158.4 69,938 68,780 145,001

2025 % of Total Revenue 1.96% 1.48% 1.22% 0.49% 0.40% 0.42% 0.33% 0.43% 0.37% 0.33%

% of Total Revenue 1.34% 0.94% 0.62% 0.68% 0.37% 0.45% 0.37% 0.27% 0.27% 0.56%

12,832

$236,591

8 10

11,702 9,079

182,496 132,094

% of Total Revenue 1.85% 0.56% 1.84% 0.00% 1.51% 0.46% 0.36% 0.49% 0.00% 0.00% 0.57% 0.00% 0.44% 0.32%

1 2 3 4 5 6 7 8 9 10

Usage (gallons) 32,007 26,704 22,363 17,787 16,471 16,040 13,265 12,794 11,675 11,025

Revenue $346,107 242,571 160,876 177,142 97,172 116,526 95,158 69,938 68,780 145,001

% of Total Revenue 1.34% 0.94% 0.62% 0.68% 0.37% 0.45% 0.37% 0.27% 0.27% 0.56%

2 4 1

Usage (gallons) 29,905 22,320 30,575

Revenue $765,709 231,888 764,804

3 6 9 5

23,779 17,911 10,789 18,351

625,266 192,490 148,511 201,410

Rank

Revenue $688,660 549,190 467,436 194,321 182,953 134,519

Usage (gallons) 1 70,880 2 46,670 3 43,252

2024

Rank

1 2 3 5 4 7

% of Total Revenue 1.87% 1.49% 1.27% 0.53% 0.50% 0.37%

Rank

Usage (gallons) 62,127 45,169 36,588 18,853 22,004 14,792

2023

CITY OF EDMOND, OKLAHOMA SALES TAX RATES OF DIRECT AND OVERLAPPING GOVERNMENTS Last Ten Fiscal Years TABLE 11 2016

2017

2018

2019

2020

2021

2022

2023*

2024

2025

City Oklahoma County State of Oklahoma

3.75% 0.00% 4.50%

4.00% 0.00% 4.50%

3.75% 0.00% 4.50%

Total

8.25%

8.50%

8.25%

*FY 2023 was updated for FY 2024. City Sales Tax was 4.00% during first half of the fiscal year and 3.75% during the second half of the fiscal year.

162

CITY OF EDMOND, OKLAHOMA TAXABLE SALES BY CATEGORY LAST TEN FISCAL YEARS Table 12 Description

Agri, forestry, fishing hunting Mining, oil and gas extraction Utilities Construction Mfg-foods, textile, tobacco Mfg-building, books, glass, brick, concrete Mfg-iron,steel,sign,construction equipment, hardware Wholesale trade-Automobiles, tires Wholesale trade-Furniture, home furnishings Wholesale trade-Lumber, brick, roofing, siding Wholesale trade-Office & medical equipment, hardware, electrical appliances Wholesale trade-Heat & Air, plumbing, farm, garden, transportation, industrial equipment Wholesale trade-Sporting goods, office supplies, drugs, apparel Wholesale trade-Grocery, meat, fish, fruit, dairy Wholesale trade-Chemical, plastics, paint, books, florists, farm supplies Retail trade-cars, boats, tire, parts Retail trade-furn, household, computer, cameras Retail trade-hardware, building materials, paint, nursery Retail trade-grocery Retail trade-wine, beer, liquor stores, tobacco, e-cig, other Retail trade-health, pharmacies Retail trade-gasoline with conv. Stores Retail trade-clothing, shoes, jewelry Retail trade-sporting goods, hobby, sewing, musical Retail trade-dept stores, gen merchandise, supercenters Retail trade-florist, office supplies, pet, art, vending, used merch. Transportation and warehousing-towing, freight, trucking Transportation and warehousing-warehousing and storage Information-newspaper, cable, wireless Finance and insurance Real estate and rental and leasing Professional, scientific, technical services, & management of companies & enterprises Adm. & support and waste mangement and remediation services Educational services Health care and social assistance-doctors, chiropractors, eye, family services Arts, Entertainment, Recreation-golf, fitness, bowling, museums Accommodation and Food Services -Hotels Accommodation and Food Services -Restaurants, Bars Other Services (Auto, Electronic repairs, Salons, funeral Public Administration-Regulation of Transportation Programs Unclassified

2016 $

60,000 23,069 4,303,732 93,837 170,026 1,241,830 472,631 57,888 52,671 306,025

2017 $

29,640 4,398 4,185,086 76,133 135,775 1,212,959 546,054 65,600 52,147 419,681

2018 $

16,591 9,501 4,206,823 82,632 129,840 1,113,894 460,297 63,201 67,191 443,578

2019 $

13,599 32,496 4,277,152 538,213 140,954 1,060,687 546,525 60,144 58,328 378,746

2020 $

16,323 11,520 4,069,894 85,809 170,860 1,257,964 503,246 74,780 63,536 559,128

2021 $

33,573 21,351 4,136,575 145,387 204,966 1,336,393 395,475 108,540 65,383 583,153

2022 $

17,701 30,004 4,798,075 150,736 257,875 1,509,031 525,834 74,550 146,073 978,072

2023 $

16,917 16,396 5,527,178 289,351 298,300 1,580,333 593,179 32,635 21,928 1,552,372

2024 $

23,533 48,712 4,885,763 321,236 355,928 1,581,167 522,441 20,262 44,545 1,294,620

2025 $

19,255 27,655 5,118,031 518,989 365,669 1,299,586 650,479 30,171 38,671 1,043,626

658,976

627,313

813,222

723,602

769,842

936,230

1,346,194

1,596,431

1,539,198

1,305,255

2,062,887 377,292 125,520

2,208,374 379,660 100,506

2,487,528 425,503 92,258

2,955,947 460,706 84,125

3,109,257 463,714 81,540

3,252,174 536,791 83,276

2,611,949 509,364 104,858

2,769,270 466,752 110,352

2,206,527 469,517 94,633

2,791,958 449,331 114,427

186,588 1,310,926 3,241,497 6,613,579 6,197,197 982,101 1,529,810 577,858 2,099,602 1,674,319 13,351,178 1,991,553 25,110 15,928 2,128,055 24,089 1,109,411

179,617 1,260,293 2,335,148 7,199,258 5,882,182 1,064,510 1,676,903 557,585 2,131,216 1,486,384 13,398,886 1,970,945 33,528 14,079 2,015,693 19,850 964,881

187,204 1,245,663 3,118,045 6,709,847 6,010,389 1,078,925 1,834,304 532,878 2,201,179 1,442,871 13,984,416 2,003,809 39,149 36,409 1,917,041 33,361 769,007

204,585 1,284,839 3,001,765 6,828,344 6,344,999 901,373 1,929,079 564,228 2,350,809 1,367,583 14,952,042 2,116,861 70,967 123,226 2,073,822 28,429 914,346

242,898 1,241,154 2,772,591 8,923,751 6,881,476 921,442 1,977,766 588,889 1,996,216 1,393,785 15,858,142 2,328,457 34,349 311,854 1,952,414 29,263 869,415

223,524 1,301,303 3,644,343 9,288,024 6,991,474 1,032,761 2,137,061 766,095 1,932,091 1,640,474 16,219,471 2,578,518 59,229 570,424 1,875,389 28,977 819,709

772,790 2,232,758 4,024,400 10,405,685 6,714,648 1,058,005 2,132,107 743,141 2,369,887 1,739,709 16,969,076 2,954,593 47,150 515,374 2,278,392 37,843 843,052

934,264 2,485,269 3,969,822 10,040,761 8,438,944 1,224,459 1,988,955 730,209 2,506,628 1,753,571 18,360,574 2,948,543 49,241 377,511 2,366,502 54,082 953,765

865,946 2,869,795 3,451,849 9,236,725 8,527,488 1,103,587 1,920,788 708,000 2,560,440 1,647,959 18,118,656 2,833,247 30,910 252,284 2,144,288 59,796 823,009

887,241 1,964,777 4,126,402 9,255,404 8,678,256 2,099,716 494,700 319,010 2,540,078 1,797,405 16,088,146 1,960,154 38,672 225,089 1,642,622 36,630 957,117

161,879 62,411 23,418

151,350 61,858 18,908

861,636 59,464 43,774

154,374 72,921 39,964

177,005 89,298 34,878

188,222 85,122 27,886

249,088 111,916 39,870

291,568 196,206 54,609

309,421 358,017 55,021

325,874 192,205 64,509

15,840 1,009,240 903,853 7,565,202 793,278 562,687 64,162,993

22,207 947,246 463,927 8,346,711 831,390 88 63,077,969

32,915 975,814 521,934 8,831,233 861,636 560 65,745,524

36,070 980,644 623,016 9,214,074 934,202 (308) 98,993 68,542,472

47,060 870,859 541,565 9,117,252 884,157 5,860 50,432 71,379,642

58,363 995,267 575,450 10,230,348 1,007,699 7,352 277,546 76,401,393

67,206 1,023,697 814,487 12,028,727 1,175,716 2,638 313,559 84,725,833

62,498 1,137,228 856,046 13,157,265 1,306,795 6,361 216,693 91,339,764

91,278 1,238,768 844,042 12,718,523 1,309,815 866 167,855 87,656,453

63,839 1,360,717 912,525 13,202,205 1,306,032 1,175 1,088,642 85,402,246

(1) The source for taxable sales by category is the Oklahoma Tax Commission. This amount is the gross amount before the State retains portion for revolving fund. Note: in FY 2013, the Oklahoma Tax Commission changed their SIC codes and now use NAICS codes. These new codes have more categories than in previous years. We matched previous years as best that we could to match to the new codes descriptions. (2) Corrected clerical error from FY22

163

CITY OF EDMOND MONTHLY SALES TAX REVENUES COMPARISON LAST NINE FISCAL YEARS TABLE 13 2017

Month July August September October November December January February March April May June TOTAL

Sales Tax Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

Sales Tax Revenues $ 5,348,556 5,249,321 5,401,153 5,458,570 5,267,714 5,313,129 5,386,949 5,367,870 4,925,300 4,777,946 5,228,042 5,257,846 $ 62,982,396

2018 Sales Tax Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

Sales Tax Revenues $ 5,525,826 5,402,310 5,477,654 5,524,910 5,336,174 5,327,875 5,666,647 5,610,186 5,007,835 4,867,821 5,575,678 5,321,730 $ 64,644,646

2019 Sales Tax Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

Sales Tax Revenues $ 5,825,577 5,589,307 5,800,551 5,920,637 5,313,641 5,567,723 6,003,639 5,821,576 5,102,775 5,279,681 5,995,000 5,918,697 $ 68,138,804

2020 Sales Tax Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

Sales Tax Revenues $ 6,062,071 5,998,124 6,061,932 6,362,637 5,905,968 6,189,019 6,147,600 6,247,826 5,350,831 5,317,952 5,810,512 5,517,419 $ 70,971,892

2022 (1)

2021 Sales Tax Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

Sales Tax Revenues $ 6,291,999 6,494,808 6,210,854 6,392,948 6,261,326 6,173,272 6,543,962 6,303,251 6,007,094 5,441,413 6,858,150 6,653,702 $ 75,632,778

Sales Tax Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%

Source: Oklahoma Tax Commission Ledger Report (1) Corrected the sales tax rate data for 2022 and 2023. Rate was originally listed as 4.00%; actual rate was 3.75% for one half of the year and 4.00% for the other half.

164

Sales Tax Revenues $ 6,841,562 6,746,385 6,827,471 6,892,469 6,674,516 6,901,414 7,154,290 7,354,077 6,431,587 6,918,556 7,436,691 7,568,229 $ 83,747,247

2023 (1) Sales Tax Rate 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

Sales Tax Revenues $ 7,553,288 7,895,484 8,571,684 8,041,029 7,430,743 7,883,095 8,111,557 7,960,255 6,472,825 6,756,361 7,430,919 7,041,099 $ 91,148,340

2024 Sales Tax Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

Sales Tax Revenues $ 7,479,962 7,197,313 7,572,309 7,699,492 7,614,010 7,130,405 7,585,172 7,546,613 6,394,933 6,814,408 7,335,963 7,222,666 $ 87,593,245

2025 Sales Tax Rate 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

Sales Tax Revenues $ 7,347,233 7,312,781 7,329,934 7,488,689 6,790,706 7,533,357 7,455,545 7,368,327 6,174,641 6,623,379 7,105,267 7,044,699 $ 85,574,557

CITY OF EDMOND HISTORICAL SALES TAX REVENUES LAST TEN FISCAL YEARS TABLE 14 Fiscal Year Ended June 30, 2025 2024 2023(4)(5) (5) 2022 (5) 2021 (5) 2020 2019 2018 2017 2016

Sales Tax (1)

Rate 3.75% 3.75% 4.00%, 3.75% (3) 3.75%, 4.00% (3) 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%

(1)

Revenues 85,574,557 87,593,245 91,148,340 83,747,247 75,632,778 70,971,892 68,138,804 64,644,646 62,982,395 63,812,377

(2)

3/4 Cent 17,114,911 17,518,649 18,229,668 16,749,449 15,126,556 14,179,329 13,627,761 12,928,929 12,596,479 12,762,475

Percentage Increase

(1) Source: Oklahoma Tax Commission. Sales Tax Revenues returned to the City consist of Sales Tax Collections plus earned interest less monies allocated to the Revolving Fund. (2) Calculated Sales Tax Revenues available for the appropriation by the City to the Authority as security for the Bonds. See "SECURITY FOR THE BONDS - Pledge of Revenues" herein. (3) In FY2022, sales tax rates were 3.75% for first six months and 4.00% for second six months; in FY2023, sales tax rates were 4.00% for first six months and 3.75% for second six months. Rates have been updated in FY24, previously printed rates did not reflect mid-year changes to rates. (4) FY23 Sales Tax number was adjusted, previously printed amount was incorrect (5) FY20, 21, 22, & 2 3/4 Cent and Percentage Increase columns were adjusted, previously printed amounts were incorrect.

165

-6.12% -3.90% 8.84% 10.73% 6.57% 4.16% 5.41% 2.64% -1.30% 1.24%

CITY OF EDMOND, OKLAHOMA RATIO FOR OUTSTANDING DEBT BY TYPE Last Ten Fiscal Years TABLE 15

Fiscal Year 2016

Governmental Activities Revenue Bonds Notes Payable Payable $

55,788,256

Business-Type Activities Revenue Bonds Notes Payable Payable

28,716,894

14,999,365

Total Primary Government $

% of Personal Income

Total Debt Per Capita*

99,504,515

2.91%

1,132

2017

49,258,947

66,101,745

13,688,263

129,048,955

3.77%

1,469

2018

42,557,550

227,866,052

12,347,134

282,770,736

7.15%

3,066

2019

35,600,913

222,557,449

14,288,126

272,446,488

6.89%

2,911

2020

20,406,145

216,044,086

17,741,666

254,191,897

6.07%

2,673

2021

13,265,000

6,014,803

205,095,000

35,835,001

260,209,804

5.78%

2,666

2022

9,890,000

42,322,658

199,190,000

136,638,062

388,040,720

8.97%

4,136

2023

6,420,000

120,685,296

188,840,000

161,309,328

477,254,624

9.23%

4,951

2024

4,385,000

117,645,000

184,385,000

199,150,517

505,565,517

10.34%

5,236

2025 **

4,385,000

112,465,000

200,060,000

342,105,138

659,015,138

12.91%

6,762

* Population is calculated at calender year end prior to fiscal year. See Table 16 ** As of fiscal year 2025, governmental activities debt payments made on July 1 are no longer considered prior year payments

166

CITY OF EDMOND, OKLAHOMA RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA Last Ten Fiscal Years TABLE 16

Gross Bonded Debt

Less Debt Service Funds

Net Bonded Debt

Ratio of Net Bonded Debt to Assessed Value

1,017,637,106

0.00%

Net * Assessed Value

Net Bonded Debt Per Capita

Fiscal Year

Population

2016

89,065

2017

92,232

1,060,520,613

0.00%

2018

93,598

1,089,893,199

0.00%

2019

95,110

1,140,544,725

0.00%

2020

97,585

1,188,273,094

0.00%

2021

93,818

1,234,169,171

0.00%

2022

96,391

1,315,523,161

0.00%

2023

96,549

1,419,849,980

0.00%

2024

96,549

1,514,484,252

0.00%

2025

97,452

1,604,043,846

0.00%

Note:

(2)

(3)

Details regarding the city's outstanding debt can be found in the notes to the financial statements. * Oklahoma County Assessor's Report

(2) City of Edmond Planning Department, estimate based on the 2010 Census, current Building Permits, the Edmond Economic Development Authority Average House Hold (HH) size, and the American Community Survey Occupancy Rate (3) Updated 2024 Net Assessed Value; previous number was incorrect.

167

CITY OF EDMOND, OKLAHOMA COMPUTATION OF DIRECT AND OVERLAPPING DEBT June 30, 2025 TABLE 17

Percentage (2) Applicable to City of Edmond

Jurisdiction

Net (1) Debt Outstanding

Direct - City of Edmond Direct Debt Subtotal

$ 116,850,000 $ 116,850,000

100.00%

Overlapping Edmond School District Oklahoma County Overlapping Debt Subtotal

189,000,000 40,000,000 $ 229,000,000

57.45% 14.74%

Grand Total of Direct and Overlapping Debt

$ 345,850,000

Amount Applicable to City of Edmond $

(1) City of Edmond does not have any GO Bonds. Amount shown is direct debt for governmental activities. (2) Determined by ratio of assessed valuation of property subject to taxation in overlapping unit to valuation of property subject to taxation in the City of Edmond.

168

116,850,000 $116,850,000

108,573,349 5,897,144 114,470,494 $231,320,494

CITY OF EDMOND, OKLAHOMA LEGAL DEBT MARGIN INFORMATION Last Ten Fiscal Years TABLE 18

Debt limit Total net debt applicable to limit Legal debt margin Total net debt applicable to the limit as a percentage of debt limit

2016

2017

$ 101,763,711

$ 106,052,061

$ 101,763,711

$ 106,052,061

0.00%

2018

2019

2020

2021

2022

2023

108,989,320

$ 114,054,473

$ 118,827,309

$ 123,416,917

$ 131,552,316

$ 141,984,998

108,989,320

$ 114,054,473

$ 118,827,309

$ 123,416,917

$ 131,552,316

$ 141,984,998

0.00%

2024

151,448,425

2025

151,448,425

160,404,385 -

0.00%

160,404,385

0.00%

Legal Debt Margin Calculation for Fiscal Year 2025 Net assessed valuation

1,604,043,846

Debt limit (10% of total assess value) Debt applicable to limit:

160,404,385

General obligation bonds Less: Street bonds outstanding Total net debt applicable to limit Legal debt margin

160,404,385

Note: Article 10, Section 26 of the Constitution of the State of Oklahoma limits municipal debt to 10% of net assessed valauation. Article 10, Section 27 of the Constitution of the State of Oklahoma limits municipal debt to non-utility or non-street purposes.

169

CITY OF EDMOND, OKLAHOMA THE EDMOND PUBLIC WORKS AUTHORITY UTILITY SYSTEMS DIVISION - PLEDGED REVENUE COVERAGE Last Ten Fiscal Years TABLE 19

Eligible

Net Revenue Available for

Maximum Annual

Revenue Bond

Debt Service

Coverage

Revenues

Eligible Expenses1

2016 Sales Tax and Utility Revenue Bonds Series 2010, 2012, 2013, 2014 and 2014B Utility Revenue Bonds Series 2014 and 2015 OWRB Series 2005C, 2013 General Sales Revenue Note

138,403,411 138,403,411 138,403,411

103,214,885 94,663,331 94,663,331

35,188,526 43,740,080 43,740,080

7,455,266 6,594,274 6,594,274

4.72 6.63 6.63

2017 Sales Tax and Utility Revenue Bonds Series 2010, 2012, 2013, 2014 and 2014B Utility Revenue Bonds Series 2014 and 2015 OWRB Series 2005C, 2013 General Sales Revenue Note

149,288,469 149,288,469 149,288,469

108,783,722 100,087,120 100,087,120

53,091,867 61,788,469 82,767,002

7,455,266 8,079,527 6,954,274

7.12 7.65 11.90

2018 Sales Tax and Utility Revenue Bonds Series 2010, 2012, 2013, 2014, and 2014B Utility Revenue Bonds Series 2014, 2015, 2016, and 2017 OWRB Series 2005C, 2013 General Sales Revenue Note

153,239,493 153,239,493 153,239,493

115,008,242 106,484,620 106,484,620

50,818,371 59,341,993 80,320,526

7,455,266 18,244,923 6,954,274

6.82 3.25 11.55

2019 Sales Tax and Utility Revenue Bonds Series 2010, 2012, 2013, 2014, and 2014B Utility Revenue Bonds Series 2014, 2015, 2016, and 2017 OWRB Series 2005C, 2013 General Sales Revenue Note

157,795,659 157,795,659 157,795,659

115,630,414 105,769,653 105,769,653

42,165,245 52,026,006 52,026,006

7,455,266 18,244,923 6,954,274

5.66 2.85 7.48

2020 Sales Tax and Utility Revenue Bonds Series 2010, 2012, 2013, 2014, and 2014B Utility Revenue Bonds Series 2014, 2015, 2016, and 2017 OWRB Series 2005C, 2013 General Sales Revenue Note

164,742,050 164,742,050 164,742,050

112,180,894 102,472,796 102,472,796

52,561,156 62,269,254 62,269,254

7,455,266 18,244,923 6,954,274

7.05 3.41 8.95

(2) 2021 Sales Tax and Utility Revenue Bonds Series 2010, 2012, 2013, 2014, and 2014B Utility Revenue Bonds Series 2014, 2015, 2016, and 2017 OWRB Series 2005C, 2013 General Sales Revenue Note

161,264,695 161,264,695 161,264,695

109,814,323 121,314,800 109,814,323

51,450,372 39,949,895 51,450,372

5,464,966 7,816,791 21,983,267

9.41 5.11 2.34

2022 Sales Tax and Utility Revenue Bonds Series 2013, 2014, 2014B, 2021 Utility Revenue Bonds Series 2014, 2015, 2016, 2017, 2021 OWRB Notes, Series 2013 and 2021 Revenue Notes

188,933,893 188,933,893 219,529,714

136,207,701 128,347,304 128,347,304

52,726,192 60,586,589 91,182,410

6,970,108 21,983,267 27,522,984

7.56 2.76 3.31

2023(2) Sales Tax and Utility Revenue Bonds Series 2013, 2014, 2014B, 2021 Utility Revenue Bonds Series 2014, 2015, 2016, 2017, 2021 OWRB Notes, Series 2013 and 2021 Revenue Notes

212,611,874 212,611,874 243,325,683

147,858,764 139,998,637 139,998,637

64,753,110 72,613,237 103,327,316

6,970,108 21,983,267 27,522,984

9.29 3.30 3.75

2024 Sales Tax and Utility Revenue Bonds Series 2014B Utility Revenue Bonds Series 2016, 2017 OWRB Notes, Series 2013 Revenue Notes

219,144,432 219,144,432 250,926,310

134,046,952 131,226,573 131,226,573

85,097,480 87,917,859 119,699,737

2,348,250 12,354,750 23,036,195

36.24 7.12 5.20

2025 Sales Tax and Utility Revenue Bonds Series 2014B, Utility Revenue Bonds Series 2016, 2017, 2024 OWRB Notes and Series 2021, 2023A, 2023B, 2023C

224,463,722 224,463,722 254,150,780

128,722,640 128,543,019 125,722,640

95,741,082 95,920,703 128,428,140

2,348,250 16,377,663 30,055,712

40.77 5.86 4.27

Excludes depreciation and amortization expense.

2021 and 2023 figures were updated; original figures were incorrect.

170

CITY OF EDMOND, OKLAHOMA DEMOGRAPHIC AND ECONOMIC STATISTICS Last Ten Calendar Years TABLE 20

Population (1)*

Personal Income (in thousands) (2)

Per Capita Personal Income

Median Age of Population (2)

2015

87,877

3,715,132,785

40,495

35.7

2016

89,065

3,783,199,593

42,303

2017

92,232

3,955,105,710

2018

93,598

2019 2020

Percent with College Degree or Higher (5)

School Enrollment (3)

Unemployment Rate (4)

51.2

24,407

4.4%

36.1

53.3

24,269

4.1%

41,845

36.2

54.7

25,242

3.5%

3,953,579,520

42,240

36.3

55.7

25,577

3.1%

95,110

4,186,837,310

44,021

36.3

55.3

23,729

3.0%

97,585

4,501,010,540

46,124

36.7

55.4

25,490

2.9%

93,818

4,327,261,432

46,124

36.7

55.4

25,479

2.5% **

2022

98,743

5,173,343,256

52,392

37.4

28,805

2.0%

2023

96,549

4,890,206,850

50,650

37.6

57.2

25,871

2.9%

2024

97,452

5,105,705,184

52,392

37.4

58.7

25,878

3.1%

Calendar Year

2021

(6)

Sources: (1) City of Edmond, GIS/Planning Department 2001-2011 Based on the American Community Survey Avg HH, and Building Permits to date * Based on 2010 Census Bureau data (2) Edmond Economic Development Authority (EEDA) (3) Edmond School District (4) www.bls.gov (5) Edmond Economic Development Authority (EEDA)

(6) Popuation and Personal Income corrected according to the 2023 EEDA Economic Abstract ** Unemployment rate corrected according to the 2022 EEDA Economic Abstract

171

CITY OF EDMOND, OKLHAOMA PRINCIPAL EMPLOYERS Current and Ten Years Ago TABLE 21

2015

Employer

Product/Business

Rank

Employees

2025

% of Total

Rank

Employees

% of Total

Edmond Public Schools

Public Education

2,698

40.8%

3200

39.1%

University of Central Oklahoma

Higher Education

1,312

19.8%

1372

16.8%

City of Edmond

Local Municipality

678

10.2%

814

9.9%

INTEGRIS Health Edmond

Hospital

342

5.2%

580

7.1%

Mercy Edmond

Clinics and Wellness Center

280

4.2%

578

7.1%

OU Medical Center

Hospital

325

4.9%

436

5.3%

Petra Industries

Electronic Distribution

296

4.5%

367

4.5%

Oklahoma Christian University

Private Christian University

289

3.5%

Crest Foods

Grocery Store Chain

300

3.7%

Summit Medical Center

Surgical Treatment Center

252

3.1%

Adfitech

Quality Control for Mortgage Industry

287

4.3%

Remy International

Auto Parts Manufacturing

235

3.6%

Pelco Products

Traffic, Decorative, & Utility Hardware

165

Innovative Heathcare Systems

Health Care Billing

8,188

100%

2.5% 0.0%

Totals

6,618

Source: Edmond Economic Development Authority

172

100%

CITY OF EDMOND, OKLAHOMA FULL-TIME EQUIVALENT BUDGETED CITY GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAM Last Ten Fiscal Years TABLE 22

Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Year Year Year Year Year Year Year Year Year Year 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Function/Program General Government: Managament Services/City Manager City Clerk/Governmental Relations Finance Treasurer Human Resources IT/MIS Legal Other Engineering Planning CDBG Building Community Image (Code Enforcement) Visit Edmond Downtown Community Center*** Total General Government

6 2 8 1 5 17 6 32 18 7 1 16 10 3 1 133

6 2 8 0 7 18 7 31 16 6 1 19 11 4 1 137

6 2 7 0 8 19 4 33 23 7 1 16 14 4 1 145

6 2 7 0 7 19 4 36 22 9 1 15 14 4 1 147

6 3 7 0 8 20 4 37 24 8 1 16 10 4 1 149

6 3 7 0 8 20 4 37 24 7 1 16 10 4 1 148

8 3 8 0 8 22 4 34 31 8 2 17 6 4 2 157

7 2 10 0 7 22 4 34 25 7 2 17 6 4 0 147

8 3 12 0 9 30 4 36 28 6 2 17 7 4 0 166

11 3 11 0 10 29 5 37 33 -2 2 18 6 4 0 167

120 30 7

120 31 9

122 31 9

122 31 10

121 33 9

125 29 9

121 30 8

122 33 10

128 36 13

126 43 11

117 5 2 24 7 312

119 5 2 26 9 321

120 5 2 31 9 329

123 5 2 29 9 331

121 7 2 26 9 328

129 5 2 26 9 334

130 4 2 22 9 326

140 5 6 17 11 344

138 5 7 20 12 359

148 6 7 21 12 374

25 7 11 43

25 7 10 42

25 8 10 43

26 8 10 44

25 8 11 44

24 8 12 44

26 8 13 47

Cultural, Parks and Recreation: Parks and Recreations Total Cultural, Parks and Recreation

42 42

46 46

41 41

49 49

46 46

129 129

135 135

Utilities: Electric Water Solid Waste Wastewater Drainage (Meter Services) and Utility Services**** Utility Customer Service Central Warehousing Total Public Works

50 44 19 26 5 43 3 190

49 50 22 31 5 46 3 206

54 46 22 31 5 47 3 208

54 46 22 31 5 45 3 206

55 60 22 31 6 46 3 223

56 54 22 29 6 46 3 216

48 55 20 21 13 32 2 191

52 56 19 21 20 32 3 203

55 60 22 21 22 33 3 216

54 60 23 20 22 35 3 217

Total Full-Time Budgeted Employees by Function/Program

720

752

771

773

785

791

764

784

917

940

Public Safety and Judiciary: Police: Officers Civilians Animal Welfare Fire: Firefighters & Officers Civilians Central Communications/EM * 911 Dispatch/Emergency Management * Municipal Court Total Public Safety and Judiciary Transportation: Streets Traffic Public Works Administration

Other includes, Urban Forestry, Vehicle Maintenance, Marketing, Facility Maintenance, and Risk Management Source: City of Edmond Human Resource Dept. NOTE: Data is presented only for years including and subsequent to issuance of GASB 44 *Updated Department Names ** Parks and Recreation includes Senior Center, Arcadia Lake, all positions in Golf, Cemetery, and Festival Market, and Recreation ***Fund and Empoyee Code no longer in use ****Dept. updated to include Utility Services

173

CITY OF EDMOND, OKLAHOMA Capital Asset Statistics by Function/Program Last Ten Fiscal Years TABLE 23

Function/Program

Police: Stations Patrol units Fire : Stations Engines Ladders Vehicles Refuse Collection: Collection trucks Street miles 1 Streetlights Traffic signals Parks and Recreation: Acreage Playgrounds Baseball/softball diamonds Soccer/football fields Community Center Pool Golf course Disc Golf courses Splash Pad Public Transportation:2 Buses Vans Cemetery: Plots Maintained 3 Vehicles & Machinery Water: Water mains (miles) Fire hydrants Storage capacity (millions of gallons) Clearwells and Tower Arcadia Lake Wastewater: Sanitary sewers (miles) Force Main Sanitary sewers (miles) Gravity Main Storm sewers (miles) Treatment capacity (millions of gallons)

FY 2016** FY 2017** FY 2018

FY 2019

FY 2020 FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

1 152

1 155

1 157

1 159

1 161

1 164

5 5 2 44

5 5 2 43

5 5 2 45

5 6 2 47

5 7 1 57

5 8 1 42

5 10 3 53

485 6,339 99

486 6,232 102

489 6,310 103

492 6,315 103

491 6,422 103

495 6,519 103

497 6,617 106

497 6,766 0

502 6,842 109

502 6,914 109

5,108 24 31 16 1 1 1 3 1

5,108 26 33 19 1 2 1 3 1

5,108 26 33 19 1 2 1 3 2

12 -

12 2

11 3

12 4

15,654 4

19,204 4

19,210 4

523 4827

526 4879

526 5108

545 5174

562 5256

562 5369

565 5401

576 5478

586.47 5456

647 5712

20,000 11,000

22,000 11,000

24,000 11,000

24,000,000 11,000,000

22 438 133 9,000

22 449 136 9,000

22 449 144 9,000

22 454 146 9,000

22 549 152 9,000

22 467 157 9,000

24 469 164 9,000

24 472 164 9,000

25.79 481.37 169.99 16,000

30.5 514 172 16,000,000

Source: City of Edmond Departments (1) Street miles included private roads for years prior to 2012 (2) Edmond's Public Transportation began July, 1, 2009, COTPA owns the buses, Edmond maintains them (2)Starting with CAFR 2019, removed Trolley category and began tracking Vans. (3) Amounts have been restated to reflect number of plots maintained * GIS dept updated their way of tracking mileage and counted 1 side of street rather than both sides on a few unmarked streets ** Column headers for fiscal years 2011-2016 were labeled incorrectly for fiscal year 18 printed CAFR. Figures were/are correct. ***Updated Water and Wastewater from thousands to millions per their dept admin (2025)

174

CITY OF EDMOND, OKLAHOMA Operating Indicators by Function/Program Last Ten Fiscal Years TABLE 24 Function/Program

2016

2017

Physical Arrests Parking Violations Traffic Violations

2,527 1,063 11,152

2,966 861 11,460

2018 2,756 1,132 8,205

2019 2,774 1,073 9,579

2020 3,209 634 6,758

2021 2,540 427 7,253

2022 3106 50 7195

2023 2727 244 2050

2024 2828 401 7137

2025 3056 441 10,106

Emergency Responses Fires Extinguished Inspections

8,101 259 1,577

8,188 227 1,371

8,277 345 1,641

8,367 179 1,806

8,555 378 1,649

8,844 422 1,143

9,267 221* 1,293

10,432 201 2,962

11,083 178 2,598

11,955 248 3,178

Solid Waste Collected (Tons Per Day) Recyclables Collected (Tons Per Day)

196 17

193 18

189 17

193 16

197 16

208 14

225 18

239 20

241 18

Potholes Repaired: Asphalt Patching (Tons) Concrete Patching (Square Yards) Asphalt Repairs (Square Yards) Concrete Repairs (Square Yards)

370 432 714 307

653 72 991 277

967 362 1,186 351

1,276 58 1,127 56

1,503 20 4,765 469

1,054 75 138 32

530 487 1230 93

5.88 6.94 14.79 1.62

475 352 314 272

623 462 735 286

Athletic Field-Agreements EYSA (# of Fields Used) Edmond Soccer Club (# of Fields Used) Miracle League of Edmond (# of Fields Used) YMCA (# of Fields Used) Edmond Round Up Arena Edmond Rugby Club (# of Fields Used) Edmond Lacrosse Club (# of Fields Used)

20 16 1 7 1 2 4

20 16 1 7 1 1 4

20 18 1 0 1 0 4

B & B Tennis (# of Courts Used) Adult Softball Ice Challenge Inc. (# of Rinks Used) COYL (# of Fields Used) RDA (# of Fields used) Edmond Public Schools (# of Fields Used) OKC Pickleball (# of Courts Used)

14 -

30 4

30 4 1 1 4 4 28

30 4 1 1 4 4 12

Police

Fire

Solid Waste Collection

Other Public Works

Parks & Recreation

Community Center-MAC Program Participants 1 MAC-Special Event Participants (MAC-Multi-Use Activity Center) Classes⁴ Senior Center-Program Participants -Sr. Center Lunch Program

4,596 5,756 1,032 51,091 9,803

4,596 5,756 1,032 55,560 11,321

2,056 12,960 738 51,221 8,817

2,800 10,950 6,354 53,761 10,214

3,306 8,124 3,931 32,588 6,961

7,838 14,586 6,432 13,964 9,156

34,150 8,184 20295 10864

22,623 4,652 24669 11955

13,500 12,834 25779 11792

20,500 14,667 26,513 12,032

New Water Connections Water Main Breaks Average Daily Produced (Millions of Gallons) Peak Daily Produced (Millions of Gallons)

552 51 11,497

534 56 11,300

570 39 9,706

306 49 8,340

564 47 11,800

564 50 9,900

538 44 10805

479 18 9898

519 93 11840

583 48 12,916,000

19,889

19,080

18,902

18,600

19,400

19,200

19264

21160

21579

21,082,000

Average Daily Sewage Treatment (Millions of Gallons)

7,680

7,150

6,900

7,600

8,574

7,600

8,000

8,117

7,456

7,196,000

266,060 274,074

266,710 248,738

271,539 210,485*

285,918 211,638

279,836 185,355

281,936 111,793

304,609 134,018

348,586 145,737

562,085 166,797

362,623 160,445

Water

Wastewater

Transit Citylink Bus Service-Revenue Mileage Total Route Miles - Passengers 2,3

2022, Tracking of Progams and Special Events Participants has been combined. Source: Various City Departments Transit Information provided by McDonald Transit & Associates 2010, Edmond's Transit began July 1, 2009 3 Starting with 2019, changed Citylink verbage to remove trolleys, as well as Broncho Link, which is not counted separately. Total includes fixed, commuter, and para counts. * Citylink Total Route Miles Passengers for 2018 amount was revised in 2019 CAFR after an audit with McDonald Transit was conducted. ⁴Starting with 2014, Class participation has its own category instead of being merged with programs as in the past. 2

175

CITY OF EDMOND, OKLAHOMA CONSTRUCTION PERMITS Last Ten Fiscal Years TABLE 25

Construction Costs

Number of Permits

Building Permit by Fiscal Year

Construction Cost by Fiscal Year

700

350,000,000

600

300,000,000

500

250,000,000

400

200,000,000 Residential

Residential

Commercial

300

200

100,000,000

100

50,000,000

0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Residential Construction

Fiscal year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016

Commercial

150,000,000

Number of Permits 509 484 468 682 519 539 464 539 551 501

Construction Cost 237,835,860 228,922,176 214,265,973 304,190,030 284,362,598 188,964,669 167,703,981 177,327,598 174,282,232 175,957,069

Commercial Construction

Fiscal year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016

Source: City of Edmond Public Works Department Fiscal building permit reports

176

Number of Permits 43 59 49 42 25 31 42 61 52 68

Construction Cost 172,662,582 151,744,883 127,194,537 37,031,600 34,977,887 125,668,175 53,187,000 141,505,949 41,133,249 90,524,820