Fiscal Year Ended September 30, 2021
City of Irving, Texas
2020-21 FISCAL YEAR
MESSAGE FROM THE MAYOR
From the world-renowned Williams Square Plaza Mustangs in Las Colinas’ “Headquarters of Headquarters” to award-winning exotic cuisine, live entertainment, arts and culture – Irving, Texas, sets the bar with premier accessibility, service delivery and inclusive amenities. Located in the Dallas-Fort Worth (DFW) Metroplex adjacent to the DFW International Airport, Irving balances a residential, neighborhood feel with a thriving, urban community filled with unique shopping, fun things to do and great food.
The 2020 U.S. Census reaffirmed the city’s greatest asset: Irving is a multinational and multicultural melting pot. The population grew 18.6% over the past 10 years and is projected to top 304,680 by 2030. Irving is also home to one of the oldest black freedmen's settlements in Dallas County (Bear Creek Community) and boasts a diverse Hispanic/Latin American population of 41% Hispanic (2020 U.S. Census).
The multicultural layers across the city are one of Irving’s greatest features, and the diverse tapestry also supports a mixture of unique shopping, dining and cultural experiences in Irving. Thank you for Reading the City of Irving –
Report (PAFR)
Last year, the city’s inaugural PAFR won the Government Finance Officers Association (GFOA) Award of Excellence.
The City of Irving’s annual report provides a community profile, accomplishments and activities overview, as well as high-level, easy-to-read budgetary, financial and trend data.
I hope you enjoy learning more about our fantastic city!
Richard H. Stopfer Mayor
Mayor Richard H. Stopfer
Irving City Council
The City of Irving is governed by a council-manager form of government where the City Council sets city policy and the City Manager is responsible for implementing that policy and managing city operations.
The council consists of a mayor and eight council members who are elected for three-year terms. Elected officials are under a mixed system, which includes three at-large districts (Mayor, place 2 and 8), and six singlemember districts (places 1, 3, 4, 5, 6 and 7).
EMAIL Mayor and City Council members ccouncil@cityofirving.org
COUNCIL MEETINGS
Irving City Council meetings are held on designated Thursdays at 7 p.m. in the Council Chambers at Irving City Hall, 825 W. Irving Blvd.
Work Sessions are held prior to council meetings and begin at various times depending on the agenda. Work Sessions are open to the public in the first floor Council Conference Room at Irving City Hall, 825 W. Irving Blvd. Check specific meeting agendas to confirm start times.
Visit CityofIrving.org/Agendas for meeting dates, agendas and instructions for speaking at council meetings.
Meetings are streamed live at ICTN.tv and on local cable channels. On-demand meeting archives are available at CityofIrving.org/ICTN-on-Demand or ICTN.tv.
Governance
Founded in 1903 and Incorporated in 191 4
2,246 Full-Time-Equivalent City Employees
The City of Irving is Governed by an At-Large Mayor, Six Single-District Council Members and Two At-Large District Council Members
21 Appointed Boards, Commissions and Committees with Almost 200 Irving Residents Serving Various Volunteer Functions
Irving is in the Heart of North Texas and Home to One of the Most Diverse Zip Codes in the Nation – 75038
Irving, TX
Left to Right: Kyle Taylor, Dennis Webb, John C. Danish, Al Zapanta, Mark Zeske, J. Oscar Ward, Allan E. Meagher, Phil Riddle, Mayor Richard H. Stopfer
ABOUT IRVING
Our Vision
Irving will be the model for safe and beautiful neighborhoods, a vibrant economy and exceptional recreational, cultural and educational opportunities.
Our Mission
Deliver exceptional services and promote a high quality of life for residents, visitors and businesses.
Value Statements
We have PRIDE in all that we do. We are:
Professional in our interactions with the community, our customers and each other.
Resilient means we never give up in our quest for service excellence.
Innovative by always seeking out better ways to achieve our goals.
Dependable in our actions and desire to see our work through completion.
Ethical through commitment to always do right for our city, residents and coworkers.
MESSAGE FROM THE CITY MANAGER
Moving the City of Irving forward requires balancing strategic financial planning with community needs and expectations. From an annual budget standpoint, funding priorities must be refined and distributed so that city resources are maximized across 67.9 square miles to more than 256,000 residents and 10,000-plus businesses. Establishing the budget each year is the city’s highest priority and provides a roadmap for the projects and work plans for the year ahead.
By the Numbers
The City of Irving manages 80 facilities totaling 1.2 million square feet, 80 parks totaling almost 2,000 acres, 32 miles of trails, 7,000+ amenities, 730 miles of water infrastructure, 670 miles of sewer pipes and 2,940 lane miles of roads, streets and striping.
The financial data highlighted in the Popular Annual Financial Report (PAFR) is designed to provide a summary view of the city’s financial activities for Fiscal Year 2020-21 (FY21). Information included in this report can be found in greater detail in the FY21 Annual Comprehensive Financial Report (ACFR) located at CityofIrving.org/ACFR
or contact the Finance Department by mail at 825 W. Irving Blvd., Irving, TX 75060 or by phone at (972) 721-2401. The Financial Report was prepared in accordance with Generally Accepted Accounting Principles (GAAP) and was audited by independent certified public accounting firm Weaver and Tidwell, L.L.P.
Future in Focus Strategy
The city's 5-year operational strategic plan is called our Future in Focus. Each city department presented Future in Focus presentations to City Council in 2021. The presentations provided an in-depth overview of each department and five-year plans for projects, services, programs and staffing. As a result of the exercise, Future in Focus will serve as the city’s operational strategic plan framework for all services, starting with Fiscal Year 2021-22. This plan works in tandem with the city's 5-year capital plans such as Road to the Future and Drainage Solutions for a Better Tomorrow.
Chris Hillman City Manager
Chris Hillman
History of Irving
Settlers came to the area that is now Irving in the 1850s, and communities such as Sowers, Kit, Shady Grove, Union Bower, Finley, Estelle and Bear Creek sprang up in the last half of the 19th century. The new town of Irving, founded in 1903 by J.O. Schulze and Otis Brown, eventually included most of these settlements. Irving was officially incorporated April 14, 1914.
Schulze and Brown, who were employed by the Chicago, Rock Island & Gulf Railway, arrived in 1902 to survey a railroad route between Fort Worth and Dallas. Having decided that this area would be an ideal town site, they bought 80 acres from the Britain family in 1902. The co-founders sold the first town lots at a public auction on Dec. 19, 1903. The post office at nearby Kit was moved to Irving in 1904
CITY PROFILE
Irving: An Exceptional Community
Nestled between Dallas and Fort Worth, Irving is the model of an urban area that offers big city amenities with a suburban feel. Appealing to residents, businesses and visitors, the city maintains some of the lowest taxes, fees and water rates in North Texas, and Irving has been recognized for its high-quality parks, golf courses and dining options.
Irving, including the Civic Center Complex (City Hall), the Jack D. Huffman Community Building (Irving Archives and Museum), South Irving Library and the Heritage Senior Center.
Irving’s Las Colinas is home to the largest office park in North Texas. With more than 26 million square feet of office space, 221 buildings and 7,500 tenants, Irving is a corporate powerhouse. More than 10% of Fortune 500 companies are located here, including eight corporate headquarters. Significant nonprofit operations also call Irving home, including Big Brothers Big Sisters, Boy Scouts of America and Mothers Against Drunk Driving.
Downtown Irving is part of the larger Irving Heritage District, which includes unique areas that make up the heart of Irving. The tapestry of land uses comprise some of Irving’s most historic and picturesque areas, such as Centennial Park, Heritage Park and Main Street Plaza. Several city facilities are located within walking distance of downtown
Centrally located in the region, state, nation and world, Irving serves as an integral global transportation hub. Residents and businesses enjoy easy access to national and international air travel, regional and national highways, and regional public transit.
New Investments $214.1 Million
Access Amenities Lifestyle
Home of DFW International Airport and Adjacent to Dallas Love Field Airport
Trinity Railway Express (TRE) with Two Stations in Irving Connecting Passengers to Destinations Throughout Dallas and Tarrant Counties
Dallas Area Rapid Transit (DART) Commuter Rail Line and Local Buses
The DART Orange Line has Six Stops in Irving, connecting to both Airports
Four 18-hole Championship Golf Courses
More than 80 Parks, 32 Miles of Trails, Four Libraries and a Newly Remodeled Municipal Golf Course
Smithsonian-Affiliated Arts Center, Four Museums, Three Symphonies and Award-Winning Theater Productions
Home of Toyota Music Factory, an Entertainment and Restaurant Complex featuring the 8,000person capacity The Pavilion at Toyota Music Factory and Texas Lottery® Plaza
Vibrant Economy
8 FORTUNE 500 HEADQUARTERS
Exxon Mobil McKesson
Kimberly-Clark Fluor
Vistra Energy Pioneer Natural Resources
Celanese Commercial Metals
4 FORTUNE 1,000 HEADQUARTERS
Michaels Nexstar Media Group
Flowserve Darling Ingredients
Daytime Population
328,045
Number of Businesses 10,000+
ECONOMIC INCENTIVE AGREEMENTS
Created 377 New Jobs
Retained 1,703 Current Jobs
699,000 Square Feet of New/Retained Commercial Space
$177.3 Million in New Annual Taxable Sales Sourced to the City
Combined $11.0 Million in Net New Taxable Value on Real Property and Business Personal Property
Assisted with More Than 12 Real Estate Transactions and Economic Incentive Agreements
By the Numbers
253,533 Jobs in Irving
$717.6 Million in Construction Valuation
12,761 Permits Issued
5,310 High Wage Jobs Added and Retained
80.8% Office Occupancy Rate
94.0 Million Sq. Ft. Commercial Space Occupied
TOP 10 PRIVATE EMPLOYERS
A Look Back
Completed $11.8 million in parks projects including Levy
SH
183/ SH 114/ SL 12/ SP 482
(IRVING INTERCHANGE)
A LOOK AHEAD
PROJECT FACT SHEET
PROJECT OVERVIEW
The project will include the reconstruction of interchanges at SH 183, SH 114, Loop 12 and Spur 482. Loop 12 will be completely reconstructed and widened from six to eight lanes for a length of 1.2 miles that begins on the south end of Union Bower Road to the north of Texas Plaza Drive. The project will also include the widening of SH 114 from Loop 12 to SH 183 and Spur 482 with direct connectors. Spur 482 will be reconstructed from west of Century Center Boulevard to the interchange and will tie into SH 183 with direct connectors. The overall length of the project is about 9.6 miles including bridges and direct connectors.
Phase 1 of the Irving Interchange was completed in 2013 which reconstructed the interchanges at SH 114 and Loop 12.
The SH 183 Midtown Express design-build project also recently completed interim improvements in the area.
The Irving Interchange project will construct the ultimate phase of the interchanges at SH 183, Loop 12, SH 114, and Spur 482
PROJECT DETAILS
CSJ’s: 0581-02-124, 0094-03-060
Professional golfers and 50 celebrity players are coming to Irving for the inaugural ClubCorp Classic at the Las Colinas Country Club April 19-24, 2022.
traffic.
11 retaining walls have been completed along Loop 12, SH 183, SH 114 and Spur 482.
Loop 12: Texas Plaza Dr. to Union Bower Rd. (1.2 mi.)
SH 114: Loop 12 to SH 183 (1 mi.)
Spur 482: W of Century Center Blvd. to SH183 (1 mi.)
SH 183: E of Carl Rd. to Grauwyler Rd. (1.8 mi.)
The Irving Convention Center at Las Colinas welcomes A-Kon, an annual four-day convention held June 3-5, 2022. North America’s longest running convention primarily focused on anime. The Professional Triathletes Organization (PTO) is bringing the 2022 PTO U.S. Open to Irving
Roadway work such as asphalt concrete pavement and subgrade preparation continue along Loop 12, SH 183 and SH 114.
Several substructures for bridges over
10 DIRECT CONNECTORS between Loop 12, SH 183, SH 114 and Spur 482.
22 OVERPASS BRIDGES along Loop 12, SH 183, SH 114 and Spur 482.
Project Cost: $301 million
Construction Begin: Late 2020
32 BRIDGES will be constructed including:
261,000 SQ FT of concrete will be used, which is about 4.5 TIMES as big as the area of an American football eld:
Est. Construction Completion: mid-2023
4.6 MILES of roadway and 4.8 MILES of bridge will be built as part of this project.*
170,000 LINEAR FEET of concrete bridge beams. (That equals 32.2 MILES)
Celebrated the grand opening of Heritage Park in
200,000 CUBIC YARDS of concrete
90,000 TONS of hot mix asphalt
2.8 MILLION POUNDS of steel plate beams
41 retaining walls will be constructed
700+ drilled shafts foundations
500+ columns will be built as part of this project
$1,084,788,736
Over time, increases or decreases in the city’s net position may be an indication of whether the financial situation of the city is improving or deteriorating.
The City of Irving’s overall net position increased 8% or $78 Million from the prior fiscal year. The three components of net position are:
NET INVESTMENT IN CAPITAL ASSETS
The most significant portion of net position ($940.4 Million) is invested in capital assets. Irving uses these capital assets to provide a variety of public goods and services to its residents. For that reason, these assets are not available for future spending. Irving’s investment in capital assets is reported net of related debt.
RESTRICTED NET POSITION
This portion of net position ($79.7 Million) is restricted, representing funds that are limited to construction activities, payment of debt or specific programs by law.
UNRESTRICTED NET POSITION
The remaining portion of net position ($64.7 Million) is unrestricted, representing resources that are available for services.
Financial Highlights
STATEMENT OF ACTIVITIES
(Changes in Net Position)
Irving’s fiscal year (FY) runs Oct. 1 to Sept. 30. The city’s statement of activities for fiscal years ending Sept. 30, 20192021 are shown in the chart below.
ACTIVITIES/CHANGES IN NET POSITION
As of Sept. 30, 2021, THE FUND BALANCE OF THE GENERAL FUND WAS $101.7 Million
GENERAL FUND BALANCE
General Fund balance represents city reserves and amounts nonspendable, committed assigned or unassigned for special purposes. These are shown below for the fiscal years ending Sept. 30, 2019-2021 in the chart below:
*In FY20 the city created the Economic Developement Incentive Fund where substantially all of these balances are now reported.
Financial Highlights
RESERVE REQUIREMENTS
City Reserves
The city has a Minimum Fund Balance Policy to target a minimum General Fund balance for operations that is 30% of annual revenues. This financial policy ensures an adequate fund balance in operating funds to maintain liquidity, as well as provide the city with capital in the event of unexpected financial impacts, such as economic downturns and natural disasters. As of Sept. 30, 2021, the city has a general fund reserve rate of 40.3%.
The City’s Debt Service Reserve Balance was $16.5 Million
PROPERTY TAX
The largest share of property tax collected goes to one of three Independent School Districts (ISD) serving Irving residents: Irving ISD, Carrollton-Farmers Branch ISD or Coppell ISD. Other taxing authorities include the city, Dallas County, School Equalizations, Parkland Hospital and the Dallas County Community College.
FY21 Total Property Tax Bill Breakdown
Based on Average Single-Family Taxable* Home Value of $209,809 with a 20% Homestead Exemption
*The
Financial Highlights
SALES TAX REVENUES
Sales tax revenues are the second largest source of funding for governmental fund revenues. For the prior three years the city collected:
(in Thousands)
FY21 SALES TAX ALLOCATION
$677.1 Million in Sales Tax Revenues were Collected in Irving for FY21, 76% of which goes to the State of Texas
Retail Trade
Wholesale Trade
Information
Manufacturing Utilities
Accommodation and Food Services
Professional, Scientific and Technical Services
Other Foundation, Structure and Building Exterior Contractors
Administrative/Support, Waste Management and Remediation Services
Real Estate and Rental and Leasing $22,566,039 $10,593,730 $8,837,073 $6,310,020 $6,273,518 $5,826,499 $5,558,468 $4,533,457 $3,398,628 $2,554,412
According to the Dallas Central Appraisal District (DCAD), the Total Estimated Taxable Value of all Property in Irving for the 2021 Tax Year is $31,371,495,332, an Increase of $2,988,021,755
New Commercial and Residential Construction added $544.6 Million in Taxable Value
New Commercial Construction Increased by 47 Properties with an Average Value of $7.3 Million
Financial Highlights
Irving City Council Adopted a Balanced $687.9 Million Operating Budget, which Includes the General Fund and Several Dedicated Funds
GENERAL FUND FINANCIAL TREND SUMMARY
(in Thousands)
Department created during FY21 **Approximately $11.5 million related to one-time incentive payments in FY19 to Toyota Music Factory located businesses that were nonrecurring in future years.
The General Fund is the city’s main operating fund used to account for day-to-day operations except those required to be reported in other funds. The majority of city departments and personnel are budgeted in this fund. References herein to General Fund budget excludes funds aggregated with the General Fund as reported in the Annual Comprehensive Financial Report.
FY21 GENERAL FUND
$233 Million Budget
$258
Million Actual
The majority of General Fund revenues are generated from tax revenues. These primarily comprise of property taxes and sales taxes at city rates of $0.5941 per $100 valuation and 1% of taxable sales, respectively.
The increase in tax revenue from FY20 to FY21 resulted primarily from an increase of $9.8 million in property tax and $4.1 million in sales tax.
Expenditures increased from $218.3 million in FY20 to $229.3 million in FY21 resulting from reopening of city facilities and filling vacant positions that were previously closed or left vacant during FY20 due to the economic and health-related impacts caused by COVID-19.
34%
The General Fund accounts for 34% of all funds combined
66% Dedicated Funds
17% Water and Sewer System Funds
14% Capital Improvement Funds
12% Debt Service Funds
11% Special Revenue Funds
12% Other Funds Include Internal Services, Grants, Solid Waste Services, Hotel/Motel Tax and Municipal Drainage Utility
Financial Highlights
HOW IS THE CITY’S GENERAL FUND ALLOCATED?
The city’s total budget for FY21 was $687.9 Million. The General Fund is approximately $237.1 Million or approximately 34% of the total budget. Property tax and sales tax collections represent the largest sources of revenue for the General Fund. When combined with Franchise Fee revenue, tax collections comprise 85% of
Revenues
FY21 GENERAL FUND EXPENDITURES
vs. Actuals
created during FY21
Financial Highlights Financial GLOSSARY OF TERMS
CAPITAL ASSETS
Capital assets represent a significant portion of the city’s financial position and represent a long-term asset used in delivering services and providing for resident needs.
Major Capital Asset Additions
DEBT
Long-term debt represents borrowings used to finance the construction and purchase of capital assets used by the city. These comprise items for governmental and business-type activities.
In FY21, the city issued $71.2 Million in new debt to fund a variety of planned capital projects ranging from building and park facility improvements and renovations to water main replacements and drainage improvements.
Assigned funds: Amounts set-aside by the city for specific purposes that are not restricted or committed.
Committed fund balance: Amounts that can only be used for a specific purpose by formal action from City Council.
Dedicated funds: Amounts set-aside for a specific purpose.
Deferred outflows of resources: Amounts pending recognition as expenses in future periods.
Deferred inflows of resources: Amounts pending recognition as revenues in future periods.
Franchise fees: Charges to utility companies for the use of public rights-of-way.
General fund: The main operating fund for the city.
Intergovernmental: Revenue recognized from grant awards and reimbursement of operating costs by other funds.
Net investment in capital assets: Capital assets, net of accumulated depreciation, reduced by outstanding capital related debt.
Net position: The net position of the city is equal to city assets and deferred outflows reduced by liabilities and deferred inflows.
Nonspendable funds: Fund balance representing assets not in a spendable form (i.e., inventory).
Reserves: Amounts of fund balance that are not available for appropriation or are set-aside for a specific future use.
Restricted fund balance: Amounts that can only be used for a specific purpose set by external entities.
Restricted net position: Restricted assets reduced by liabilities and deferred inflows of resources related to those assets.
Unassigned fund balance: Remaining amount that has not been assigned to other funds or been restricted, committed or assigned to specific purposes.
Unrestricted net position: Remaining net position not included in net investment in capital assets or restricted net position.
Accomplishments AWARDS
The City of Irving achieved What Works Cities Certification at the Silver level in 2021. What Works Cities Certification, the national standard of excellence in data-driven city governance, evaluates how well cities are managed by measuring the extent to which city leaders incorporate data and evidence in their decision-making, such as resource allocation, program effectiveness and achieving desired outcomes.
Coordinated with the City of Grand Prairie and Dallas County to administer 22,000 COVID-19 vaccinations to Dallas County residents.
Launched IrvingArchivesandMuseum.com, a new website providing a central information source for residents and visitors to learn how to visit the museum, explore Irving’s history, expand content from the temporary exhibitions program and provide educational resources.
Launched public-facing dashboards for both the city’s strategic plan and Irving Connects, the city’s smart city initiative, in order to demonstrate achievement of goals associated with each. Visit CityofIrving.org/3357/Open-Government to view.
Scenic City Certification
Scenic Texas
Capital Improvement Program
Code Enforcement Association of Texas Community Service Award
Code Enforcement Department
Excellence in Code Enforcement Award
Building Officials Association of Texas
Code Enforcement Department
Government Finance Officers Association Triple Crown Winner
Certificate of Achievement for Excellence in Financial
Reporting, Popular Annual Financial Award, Distinguished Budget Presentation Award
Financial Services
2021 Adrian Awards
Visit Irving Safely Campaign (Gold)
Irving Convention and Visitors Bureau
Texas Best Practices Recognition Texas Best Practices Recognition
Texas Fire Chiefs Association Texas Police Chiefs Association
Irving Fire Department Irving Police Department
Accreditation with the Texas State Library and Archives Commission
Irving Library Services
2021 Municipal Traffic Safety Initiative Award for High-Volume Courts
Municipal Courts Education Center
Irving Municipal Court
2021 Texas Employer Traffic Safety Award
National Safety Council
Irving Municipal Court
Certificate of Planning Excellence
Texas Chapter of the American Planning Association Planning and Community Development
2021 Leading Fleet Award
Government Fleet Magazine and the American Public Works Association Fleet Operations
Arbor Day Foundation Tree City USA – 13th Consecutive Year
Parks and Recreation Department
State Maintenance Achievement Award
Texas Recreation and Park Society
Parks and Recreation Department
2021 TATOA Government Programming – 11 Awards
Texas Association of Telecommunications Officers and Advisors (TATOA)
Irving Community Television Network (ICTN)
Keep America Beautiful President’s Circle Award
Keep Irving Beautiful
Stay Informed
CityofIrving.org
The City of Irving aims to keep residents and visitors informed of the latest news, events, programs and public meetings. The city offers numerous outlets for community engagement, including “Irving City Spectrum,” Irving’s monthly resident newspaper, and Irving Community Television Network (ICTN), as well as several social media channels.
IRVING CITY SPECTRUM
Award-Winning Monthly Newspaper Delivered to Approximately 103,000
IRVING
CITY SPECTRUM BRIEFS
One-page Insert Delivered to Residents in Monthly Utility Bills.
DIGITAL NEWSLETTERS
City information is distributed weekly through email newsletters. Sign up at CityofIrving.org/Newsletters
SOCIAL MEDIA
Watch shows and live coverage provided by the award-winning ICTN. Watch via cable providers on the following channels.
The mural located in the Irving Arts Center sculpture garden was created by artist Francisco Mendoza with the help of 40 Irving students. The mural was dedicated in 2004 as part of the Centennial Celebration and portrays moments in Irving’s history. On the Cover