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City of Edmond Popular Annual Financial Report 2025

Page 1

Edmond OKlahoma

Proudly Serving Our Citizens Popular Annual Financial Report Fiscal Year Ended June 30, 2025


TABLE OF

CONTENTS Director’s Letter

2

City Council & Ward Map

4

Statement of Net Position

5

Change in Net Position

7

Pension/OPEB Liability

8

Edmond’s Sales Tax

9

Governmental Revenue Sources and Uses

10

General Fund

11

Long-Term Debt

14

Economic Outlook

15

1


LETTER TO

EDMOND CITIZENS

Citizens of Edmond, As part of our continuous effort to keep you informed on the utilization of your tax dollars, we are pleased to present our Popular Annual Financial Report (PAFR) for the fiscal year ending June 30, 2025. This report is a condensed version of our Annual Comprehensive Financial Report (ACFR). Both reports are available on our website at www.edmondok.gov. The details in the PAFR summarize our financial position based on the audited financial documents contained within the 2025 ACFR. The ACFR is prepared in accordance with Generally Accepted Accounting Principles (GAAP) and Government Auditing Standards (GAS). This report is in summary form and excludes the city's dis-cretely presented component units which are the Edmond Economic Development Authority (EEDA), the Edmond Historical Preservation Trust (EHPT) and the Park Conservancy Trust (PCT). The information included in this report is an overview of the city's economic outlook, an analysis of the financial position of the city, and other key financial data. It provides analysis of the General Fund and discusses how money is received and spent. Additional detailed financial information on the operations of the city may be found in the ACFR. The city has two primary sources of revenue: utility services and transaction (sales & use) tax. In fiscal year ending June 30, 2025, the city continued to see a flattening of sales & use tax receipts year over year. The city provides a wide range of municipal services, including police and fire protection, planning and zoning, street improvements and maintenance, parks, cultural events and general administrative services. The city operates enterprise funds for electric, water resources and solid waste management under the legal entity of the Edmond Public Works Authority (EPWA). The EPWA is a public trust that was created under applicable Oklahoma statutes on October 6, 1970, with the city as the named beneficiary. The EPWA's financial operations are reported with the city's financial statements.

Water improvements continue as outlined in the City of Edmond Water Master Plan located on the city website. The Master Plan is our road map to keep pace with the anticipated growth in our population and to continue to provide a safe water supply for Edmond residents. Infrastructure improvements continue at many of our major intersections with street widening and intelligent traffic light systems as we see growth in construction and population. Improvements and upgrades continue to our sports complexes, public golf facilities, public trails, park and recreation venues and downtown. Thank you for taking interest in your local government. As you review the report, we invite you to share any questions, concerns or comments with us. You may contact the Finance Department at (405) 359-4521, visit the City Manager's office at 22 E. Main Street in Edmond or contact us by email. Email addresses and further information is available at the city website: www.edmondok.gov.

Respectfully submitted,

Kathryn L. Panas, CPA Director of Finance

2


WICHITA

35

TULSA

EDMOND 44

AMARILLO 40

OKLAHOMA CITY

35

FORTH WORTH

DALLAS

Nestled on historic Route 66 in central Oklahoma, Edmond covers approximately 87 square miles and is the third largest city in the Oklahoma City Combined Statistical Area (CSA). The City has adopted a charter and operates under a Council-Manager form of government. The city features quiet suburban living with a central business district, major shopping and modern office areas, and hosts a multitude of recreational and cultural events throughout the year.

3


City of Edmond

Westminster

Post

Douglas

Midwest

Air Depot

Sooner

Coltraine

Bryant

Boulevard

Kelly

Santa Fe

Western

Pensylvania

B roa

Waterloo

WARD MAP

d wa y Ex te ns

Sorghum Mill

ion

I-35

Coffee Creek

Covell

WARD 4

WARD 2

Danforth

WARD 1 Edmond

15th

33rd

WARD 3

Memorial

CITY OF EDMOND

COUNCIL

Maggie Murdock Nichols

Barry K. Moore

Council Member Ward 1 | 2023–27 Ward1@EdmondOK.gov

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

Mark A. Nash

Preston Watterson

Phil Fraim

Mayor | 2025–27 Mayor@EdmondOK.gov

Council Member Ward 3 | 2025–29 Ward 3 @EdmondOK.gov

Council Member Ward 4 | 2025–29 Ward 4 @EdmondOK.gov

44


STATEMENT of

NET POSITION

The governmental activities' net position for fiscal year ended June 30, 2025, reflects an increase over prior year's net position. The business-type activities also reflect an increase in net position. The full disclosed Statement of Net Position can be located in our ACFR located at edmondok.gov/302/Budget-Reports. Unrestricted net position refers to all other net position that is not restricted or net investments in capital assets. This represents the amount of unexpended and available resources the City has in funds combined at a point in time to fund emergencies, shortfalls or other unexpected needs. This allows management to track the City’s financial position over time.

Governmental Activities $ in Thousands

Totals

Business-Type Activities

2025

2024*

2025

2024*

2025

2024*

Current assets

$ 19 7, 613

$ 2 5 1, 0 61

$ 4 4 2 ,13 2

$ 3 0 9, 3 8 3

$ 6 3 9, 74 5

$560,4 4 4

Capital assets, net

4 9 0 , 67 0

425,022

8 76 , 7 0 5

7 8 3 , 767

1, 3 67, 3 75

1, 2 0 8 , 7 8 9

Other non-current assets

1, 74 8

2,630

13 , 6 3 3

13 , 3 75

15 , 3 8 1

16 , 0 0 5

Total assets

690,031

67 8 , 7 13

1, 3 3 2 , 4 7 0

1,10 6 , 5 2 5

2,022,501

1, 7 8 5 , 2 3 8

Deferred Outflows

33,868

3 1, 3 7 2

2 ,9 9 1

4,062

36,859

35,4 34

Current liabilities

46,893

3 7,15 6

7 8 , 75 3

68, 263

12 5 , 6 4 6

10 5 , 419

Non-current liabilities

2 10 , 6 8 7

203,880

5 67, 418

411, 0 5 4

7 7 8 ,10 5

614 ,9 3 4

Total liabilities

2 5 7, 5 8 0

2 41, 0 3 6

6 4 6 ,17 1

4 7 9, 3 17

9 0 3 , 75 1

720, 353

Deferred Inflows

7, 4 9 9

7, 2 15

3,388

2,246

10 , 8 8 7

9, 4 61

Net assets Net Investment in capital assets

408,805

3 8 2 ,9 41

4 0 9,15 2

394,869

8 17,9 5 7

7 7 7, 8 10

Restricted

8 0 , 2 12

88,485

20,7 79

28,507

10 0 ,9 9 1

116 ,9 9 2

Unrestricted (deficit)

(3 0 ,19 7 )

(9, 5 9 2)

2 5 5 ,9 7 1

205,648

2 2 5 , 7 74

19 6 , 0 5 6

455,059

450, 221

6 2 7, 0 3 1

536,899

1, 0 8 2 , 0 9 0

9 8 7,12 0

$458,820

$ 4 61, 8 3 4

$ 6 8 5 ,9 0 2

$ 6 2 9, 0 2 4

$1,14 4 ,7 2 2 $1, 0 9 0 , 8 5 8

Beginning net position, restated Total net position

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

5


NET POSITION

UNRESTRICTED

( 30,197) $

governmental activities

Sales tax, franchise fees, fines, state and federal grants finance most of the City’s services. General Administrative Services Fire Police Street Construction & Repair Park Maintenance

$

255,971

This number represents the Unrestricted Net Position to pay for emergencies, shortfalls or other unexpected needs in both the Governmental and Business Type Activities for the fiscal year ended June 30, 2025. New reporting standards implemented in 2016 caused our Governmental Activities to report a negative in Unrestricted Net Position. For full disclosure, refer to our ACFR, Note 4 at edmondok.gov/302/Budget-Reports.

business - type activities

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

Solid Waste KickingBird Golf Course Arcadia Lake Transportation Services

edmond fun facts

173%

Increase in Hotel/Motel taxes over the last 10 years, indicating growing tourism.

10

Fire engines owned by the City of Edmond.

66


CHANGE IN

NET POSITION 180000

governmental activities *

160000 140000

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 and 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. Transfers to other funds also decreased 103%.

business - type activities * 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 instrastructure. 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.

120000 100000 80000 60000 40000 20000 0 2021

2022

2023

2024

Revenues

Expenses

2021

2023

2025

250000

200000

150000

100000

50000

0

notes

2022

Revenues

2024

2025

Expenses

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. *Does not include transfers. This summary report excludes transfers. Transfers are used to support Government services. For full disclosure see our ACFR note section 3.F Interfund Balances and Activities.

7


INCREASE IN TOTAL

$

NET POSITION

62.6

MILLION

A result of revenues exceeding expenses.

PENSION/OPEB pension liability reported As of June 30, 2025

Oklahoma Firefighters Pension and Retirement System reported:

Liability of $ 5 7, 4 6 3 , 7 8 9

Oklahoma Police Pension and Retirement System reported:

Liability of

$ 8 , 3 13 , 0 18

City of Edmond Employees’ Retirement System reported:

Liability of

$ 2 7, 2 11, 0 95

changes in total opeb liability

sensitivity of the city 's total opeb liability to changes in the discount rate

Balance at Beginning of Year Changes for the Year Service Cost Interest Expense

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-percentagepoint higher (5.21 percent) than the current discount rate:

$6,454,250 $371,723 $281,813

Differences in Expected & Actual Experience

$280,864

Changes in Assumptions Benefits Paid Net Changes

$(42,301) $(297,045) $595,054

1% Decrease (3.21%)

Current Discount Rate (4.21%)

1% Increase (5.21%)

Balances End of Year

$7,049,304

$7,763,064

$7,049,305

$6,414,831

employer's total opeb liability

8


EDMOND SALES TAX supports city service

city services The City provides a wide range of municipal services, including police and fire protection, the construction and maintenance of highways, streets, and other infrastructure. The City also provides electric, water, wastewater, drainage and solid waste services to its residents under the legal entity of the Edmond Public Works Authority (EPWA). The City also provides a multitude of recreational and cultural events throughout the year. The City’s Kickingbird Golf Course, Arcadia Lake and many City parks provide hours of entertainment to our citizens. An ordinance passed and approved by the citizens of Edmond requires that 30% of General Fund revenues (defined as taxes, licenses and permits, fines and forfeitures, charges for services, interest and miscellaneous revenues) be used for funding fire department operations and that 36.8% of these same General Fund revenues be used for funding police department operations.

8.25

%

surrounding cities 8.85% 8.85% 8.625% 9.10% 8.50% 8.75%

Mustang Yukon Oklahoma City Midwest City Moore Norman

sales tax breakdown T he State of Oklahoma tax rate is 4.5% and is added to the

3.75% City’s sales tax rate that is levied on all taxable sales within the City. It is recorded as follows: • Two cents recorded within the General Fund. • One eighth cent recorded as revenue within the Park Sales Tax Fund to account for operations and facility improvement costs of the City’s park and recreation system. • Three quarter cent recorded as revenue within the 2000 Capital Improvement Tax Fund to account for capital improvements as recommended to the City Council by the Capital Projects & Financing Task Force.

• One quarter cent recorded as revenue within the Fire Public Safety Limited Tax Fund to account for improvements to the fire department per voter approval. • One eighth cent recorded as revenue within the Police Public Safety Limited Tax Fund to account for improvements to the police department per voter approval. • One half cent recorded as revenue within the 2017 Capital Improvement Tax Fund for various capital improvements. This fund replaces the 2012 Public Safety Center Capital Improvements Tax Fund. This was voted on by our voters in April 2016 and will continue for 10 years. This tax will be up for renewal by voters in 2027.

edmond fun facts

City of Edmond Its own largest electric utility customer

December Generated the highest sales tax revenue for the City in FY 2025

99


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

8%

Governmental Revenue by Source

Sales Tax Other Grants Charges of Service Other Taxes

12%

9%

2% 68%

where does the money go ?

11%

Governmental Activities Uses

7%

Public Safety (Fire & Police) General Government Culture, Parks and Recreation Streets and Highways Health and Welfare Interest on Long-Term Debt

17% 61% 1% 3%

edmond fun facts

15,000 Classes were offered at the City's multi-use activity center

3,200

Employees make Edmond Publlic Schools the City's largest employer

1010


GENERAL

FUND

general fund revenues 2025

Sales and Use Taxes Charges for Services* Fines and Forfeitures Franchise & Public Service Tax Intergovernmental Licenses and Permits Miscellaneous Investment Income

2024

2023

2022

2021

6 4 , 016 , 8 6 4 6 4 , 5 0 7, 5 3 9 7, 5 7 3 , 6 0 6 7, 3 74 , 4 8 5 2 , 019, 0 0 4 1, 6 9 8 , 8 6 3 1, 8 6 3 ,7 75 1, 8 7 2 ,9 13 1,911, 5 9 7 3 , 0 7 8 ,9 9 0 2 , 813 , 3 4 4 2 , 6 61, 3 2 1 18 7,75 3 3 12 , 8 8 7 3 6 4 ,7 3 9 6 3 7, 0 8 0

6 3 ,9 6 8 , 5 67 6 ,9 3 2 , 3 2 5 1, 5 5 1,9 0 1 2 , 205 , 470 12 , 8 4 7, 0 3 1 1, 8 4 3 , 3 76 202,638 (12 5 , 8 41)

5 9, 8 5 0 , 8 9 5 6 , 5 15 ,9 5 1 1, 7 7 1, 0 74 2 ,15 6 ,15 1 2 ,10 4 , 2 5 1 1,9 0 8 ,17 8 19 4 , 0 6 9 ( 7 8 , 0 2 2)

54,024,096 6, 204,792 1, 2 6 0 , 6 0 2 2 , 0 2 7, 4 6 2 2, 352,820 1, 2 6 8 , 2 3 0 19 6 , 7 0 6 9, 0 3 3

8 0 ,75 0 , 6 8 2 8 2 ,14 4 , 0 7 8

8 9, 4 2 5 , 4 67

74 , 4 2 2 , 5 4 7

67, 3 4 3 , 741

2021 7, 4 4 6 , 2 67 3 , 5 2 9, 0 8 1 7 7 9, 5 3 8 4 ,16 3 , 8 2 8

general fund expenditures General Government Public Safety Health and Sanitation Culture, Parks, and Recreation Economic Development Streets and Highways Capital Outlay

2025 11, 0 7 9, 3 9 0 4 , 3 0 6 ,75 7 8 3 7,9 2 4 5 , 311,7 3 3 8,893,643 1,76 4 , 3 0 3

2024 9, 0 9 0 , 4 3 0 3 ,9 9 5 , 411 883,882 5 , 3 4 5 , 3 12 7,9 61,9 9 3 1,9 3 1, 0 76

2023 9,9 7 9, 74 5 3 , 7 9 0 ,9 7 8 788,6 4 4 4 ,9 16 , 5 9 2 7, 6 4 2 , 6 8 6 7 0 7, 3 4 8

2022 8 , 612 , 4 7 8 3 , 4 4 0 , 675 74 3 ,9 17 4,534, 358 2 0 ,14 2 7, 0 6 8 ,9 3 2 1, 2 5 0 ,16 2

18 , 3 17, 4 0 9 1, 3 5 9, 6 2 6

3 2 ,19 3 ,75 0

2 9, 2 0 8 ,10 4

2 7, 8 2 5 ,9 9 3

2 5 , 67 0 , 6 6 4

3 5 , 5 9 5 , 74 9

*Per City ordinance, 30% of General Fund revenues are transferred and used for funding the Fire Department operations and 36.8 % of these same revenues will be used for funding Police Department operations. For more information, refer to Basic Financial Statements in ACFR, page 52.

$70 M $60 M $50 M $40 M $30 M

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

$20 M $10 M 0 2021

2022

2023

Sales and Use Taxes

2024

2025

All other Revenues

11


GENERAL FUND EXPLANATION OF TERMS general fund revenues

general fund expenditures

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

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

Charges for Services Includes all revenues collected on services provided through the General Fund, such as planning filing fees, cemetery revenues, right of way, animal welfare welfare fees, 911 service fee, aquatic center admissions season passes, recreation program fees and other miscellaneious charges. Fines and Forfeitures Includes all court fines and fees, and building code violations. Franchise and Public Service Taxes Includes fees assessed for private use of public property. Intergovernmental Activities of two or more governments including revenues such as alcoholic beverage tax, cigarette tax, countyproperty resale, grants, commercial vehicle tax, and gasoline excise tax. Licenses and Permits Includes all permits and licenses required by the City including engineering inspections fees, occupational licenses, oil and gas feed, public safety revenues including plumbing, building, elecrical, heat/air, furniture stocking, fixture stocking, fire permits, miscellaneous permits, contracor registration, re-inspection fees, temporary certificate of occupancy, building inspection feed, sign permits, and commercial plan review fees. Miscellaneous Items that are not covered by any of the aforementioned categories.

Public Safety Expenditures within the funds that support the safety of our citizens, such as police, fire, emergency management, and animal welfare. Health and Welfare Includes code enforcement, family services, and social services. Culture, Parks and Recreation Includes maintenance and administration of 26 parks/ playgrounds, pool, splash pads, sports fields, Festival Marketplace, recreation programs, Senior Center, Gracelawn Cemetery, and Edmond Historical Preservation and Trust. Streets and Highways Street rehabilitation and resurfacing, and upkeep of the medians. Capital Outlay Expenditures for assets that are intended to be held or used for an extended period of time. Includes land, land improvements, building, building improvements, machinery, equipment, and furniture and fixtures. Also includes infrastructure such as streets, sidewalks, culverts, curbs, roads and bridges.

other terms Net Position An indicator of financial position calculated as the difference between assets and liabilities. OPEB Stands for Other Post-Employment Benefits. These are benefits other than pension which former employees receive from the City once they retire.

Investment Income Revenue earned from our investments portfolio.

12


GENERAL FUND

UNASSIGNED FUND BALANCE notes The City of Edmond preserves an Unassigned Fund Balance within the General Fund 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. The City’s goal is to maintain an Unassigned Fund Balance of equal to 10% of budgeted General Fund revenues, recognizing that balances may fluctuate annualy as part of normal operations. The City aims 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. Although the City did not meet the 10% Unassigned Fund Balance goal due to broader economic conditions, the General Fund balance remains sufficient to support ongoing operations, meet obligations, and respond to unforeseen events without disruption to City services.

13.76%

14

12

10

8

5.55%

6

4.30% 4

1.50%

2

0

-2

-2.16% 2021

2022

2023

2024

2025

GENERAL FUND

UNASSIGNED FUND BALANCE

4.30

%

The City of Edmond's goal to maintain a 10% balance on the General Fund Unassigned Fund Balance was not met in Fiscal Year 2025 due to budgetary revenue shortfalls.

1313


LONG-TERM Governmental Activities

DEBT

Business-Type Activities

To t a l s

2025

2 0 2 4*

2025

2 0 2 4*

2025

2 0 2 4*

% of Change

Accrued absences Lease liability SBITA Liability Revenue bonds

$15,244 1,461 758 4,385

14,606 1,838 186 6,420

$3,014 0 0 200,060

$3,218 0 0 184,385

$18,258 1,461 758 204,445

$17,824 1,838 186 190,805

2% -21% 100% 7%

Notes Payable

112,465

118,460

342,105

199,150

454,570

317,610

43%

Total (Thousands)

$134,313

$141,510

$545,179

$386,753

$679,492

$528,263

29%

*Restated for implementation of GASB Statement 101

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

Series Sales Tax & Utility System Bonds

2 0 14 b

Original Issue Amount

Original Date

19, 3 3 5

12 / 9/ 2 0 14

Final Maturity

(in thousands)

Total

(in thousands)

7/ 1/ 2 0 2 6

4,385

Total ($ in Thousands)

4,385

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

Utility System Refunding Bonds 2 0 16

Original Issue Amount 41, 7 95

Original Date 7/5 / 16

Final Maturity 7/ 1/4 6

Total 35, 320

2 0 17

167, 0 2 5

10 / 19/ 17

7/ 1/4 7

14 4 , 4 2 0

2024

20,320

10 / 10 / 2 4

1/ 1/ 3 9

20,320

Total ($ in Thousands)

200,060

notes 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. In 2017, the City issued series 2017 Sales and Utility Revenue. Funding Bonds for $167 Million for construction of the new Coffee Creek Water Resource Building to allow the City to serve expected growth for a 20-year period and to satisfy permit requirements established by the Oklahoma Department of Environmental Quality. See our complete disclosed information in our ACFR Notes Section 3E, Long-Term Debt.

14


ECONOMIC OUTLOOK FY22-26 GENERAL FUND’S SALES TAX | ACTUALS FY 21-22 Jul

Aug

Sept

Oct

FY 22-23 Nov

FY 23-24 Dec

Jan

FY 24-25 Feb

FY 25-26 Mar

Apr

May

June

9,000,000

8,500,000

8,000,000

7,500,000

7,000,000

6,500,000

6,000,000

5,500,000

5,000,000

notes Gross sales tax collections for FY24-25 were down by $2,047,055 in total dollars compared to the prior year. Year-to-date collections (through October 2025) for FY25-26 are down from FY24-25 by (2.02%).

edmond fun facts

97,452 Edmond's population in 2024

Free

The City’s public transportation is open to everyone

1515


OUTSTANDING

Government Finance Officers Association

Award for Outstanding Achievement in Popular Annual Financial Reporting Presented to

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

Executive Director/CEO

ACHIEVEMENT The Government Finance Officers Association of the United States and Canada (GFOA) has given an Award for Outstanding Achievement in Popular Annual Financial Reporting to the City of Edmond, Oklahoma for its Popular Annual Financial Report for the fiscal year ended June 30, 2024 . The Award for Outstanding Achievement in Popular Annual Financial Reporting is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government popular reports. In order to receive an Award for Outstanding Achievement in Popular Annual Financial Reporting, a government unit must publish a Popular Annual Financial Report, whose contents conform to program standards of creativity, presentation, understandability and reader appeal. An Award for Outstanding Achievement in Popular Annual Financial Reporting is valid for a period of one year. City of Edmond, Oklahoma has received a Popular Award for the last fourteen consecutive years (fiscal years ended 2010–2024). We believe our current report continues to conform to the Popular Annual Financial Reporting requirements, and we are submitting it to GFOA.

edmond fun facts

248

Fires extinguished in FY 2025

18

Tons of recycling were collected daily across the City

1616


2025 CITIZEN'S REPORT City of Edmond, Oklahoma Fiscal Year Ended June 30, 2025 Finance Department 2824 Progressive Drive Edmond, Oklahoma 73034 (405) 359–4521 • EdmondOK.gov City Hall 22 E. Main Street Edmond, Oklahoma 73034

17


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