County finance
County debt, pension, and capital.
Figures from the County's FY2025 Annual Comprehensive Financial Report for the fiscal year ended September 30, 2025. Pension figures are measured as of December 31, 2024; OPEB figures are measured as of September 30, 2025. Reported balances only.
01 / Debt
Long-term debt balances.
Statement of Net Position and Note 8.
Debt components
Reported balancesSource: ACFR Note 8, pp. 77–81. These components are not the full long-term liability total.
Debt balances
| Item | Amount | Source |
|---|---|---|
| General obligation bonds | $1,115,454,389 | County ACFR · p.77 |
| Notes payable | $24,620,000 | County ACFR · p.81 |
| Capital financing payable | $119,634,287 | County ACFR · p.77 |
| Total bonds payable, including premiums | $1,241,479,774 | County ACFR · p.77 |
| Total long-term liabilities | $1,394,099,171 | County ACFR · p.77 |
| Long-term liabilities due within one year | $91,702,508 | County ACFR · p.35 |
| Debt Service Fund total fund balance | $39,421,012 | County ACFR · p.38 |
02 / Pension & OPEB
Pension and retiree benefits.
Reported liabilities; funded ratio computed from the reported figures.
TCDRS pension
Measured Dec. 31, 202498.84%
Computed funded ratio: fiduciary net position ÷ total pension liability
| Total pension liability (TCDRS) | $1,092,712,978 | County ACFR · p.91 |
| Plan fiduciary net position | $1,079,999,723 | County ACFR · p.91 |
| Net pension liability | $12,713,255 | County ACFR · p.91 |
OPEB
Measured Sept. 30, 2025| Total OPEB liability | $389,912,653 | County ACFR · p.95 |
| OPEB plan fiduciary net position | $63,015,317 | County ACFR · p.95 |
| Net OPEB liability | $326,897,336 | County ACFR · p.96 |
OPEB is separate from pension. No benefit-adequacy or investment conclusion is drawn. County ACFR · p.95
03 / Capital
Capital position and bond authority.
Capital assets, fund balance, and remaining authorization.
Capital balances
ACFR| Item | Amount | Source |
|---|---|---|
| Net investment in capital assets | $3,676,321,569 | County ACFR · p.35 |
| Capital Projects Fund total fund balance | $139,452,553 | County ACFR · p.38 |
| Authorized but unissued bond authority | $1,423,795,000 | County ACFR · p.80 |
| Bonds issued against authorization | $443,400,000 | County ACFR · p.80 |
| Unissued bond authority | $980,395,000 | County ACFR · p.80 |
2023 bond authorization
04 / Source
Open the primary report.
Read the notes before relying on a balance.