HomeMy WebLinkAboutDeschutes County Popular Annual Financial Report FY2025
For the Fiscal Year Ended June 30, 2025
Deschutes County, Oregon
Popular Annual
Financial Report
1 DESCHUTES COUNTY, OREGON
Introduction …….…………………………………………………………….……………………. 1
Assets and Liabilities……...………………………………………………………….………… 2
Net Position…………………...………………………………………………………….………… 3
Revenues and Expenses………………………..…………………………………………….. 4
Revenues and Expenses —10 Year History…………………..…….……………….. 5
Debt……………………………………………………..…………………………….……………….. 6
Where Do Your Taxes Go?........................……………………………………………... 7
Property Taxes…………………………………………………………………………….…….... 8
Demographics and Staffing Ratio………………………………………………….…….. 9
Glossary……………………………………………………………………………………….……... 10
Additional Resources…..……………………………………………………………….……... 10
Additional Information…………………………………………………………………..….... 11
Fiscal Year 2024 PAFR Award…………………………………..……………………..….... 12
Introduction
Residents of Deschutes County,
The purpose of the Deschutes County Popular Annual Financial Report (PAFR) is to
provide residents with a relatively quick read of the highlights from the County’s Annual
Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2025, and to
provide insight into long-term trends of the County’s largest financial indicators.
The ACFR is a detailed and complete financial presentation prepared in conformance
with the United States Generally Accepted Accounting Principles (GAAP) and is available
in its entirety online at www.deschutes.org/finance. The ACFR was audited by Baker Tilly
US LLP, an independent auditing firm, and received a clean opinion.
Respectfully Submitted,
Robert Tintle, MPA Jana Cain, CPA Chief Financial Officer Controller
Table of Contents Page
2 DESCHUTES COUNTY, OREGON
Assets
Liabilities
Total assets held by Deschutes County as of
June 30, 2025 was $725 million, an
increase of 10% over the prior year.
During fiscal year 2025, the County invested in
capital assets which support long-term service
delivery. Capital assets increased by $19
million primarily due to the county courthouse
expansion and major transportation projects.
The County’s cash position increased by $21
million.
“Other” assets are made up of receivables and
inventory.
44% 43%
44% 22% 15%
Post-employment benefits (Pension and OPEB) continue to be the largest individual County liabilities.
24% 14%
Assets by Percent
Liabilities by Percent
41% 15%
18% 13%
43%
43% 41% 16%
26%
21% Total liabilities incurred by Deschutes County
as of June 30, 2025 was $392 million,
a 1% increase over the prior year.
During fiscal year 2025, the County’s
unearned revenues decreased by $25 million
while the other post-employment benefits
(OPEB) liability and net pension liability
increased by $13 million and $18 million,
respectively.
11%
44%
5%
21% 17% 13%
3 DESCHUTES COUNTY, OREGON
Net Position
Deschutes County’s net position as of June 30, 2025 was
approximately $334 million. Net Position is broken
into two types: Capital Assets and Other Assets.
Net investment in capital assets represents
the book value of the County’s capital assets
(acquisition cost minus accumulated depreciation and
amounts owed on the related assets).
Capital assets includes the County’s investment in:
· Buildings and building improvements
· Land and land improvements
· Equipment and vehicles
· Infrastructure (e.g. roads, bridges, sidewalks)
· Intangibles (e.g. computer software)
The net position of capital assets could be viewed in a
similar manner as home-equity (i.e. in 2025, capital
assets are worth $246 million more than what is owed).
Restricted net position represents funds that are
limited to construction activities or specific programs by
law.
Unrestricted net position represents the
resources that are available for services such as:
· Cash
· Investments
· Receivables (business or people owing the County money) A negative unrestricted net position means the
government’s spending and obligations exceed its
available, uncommitted resources.
Net Position (in millions)
Net Position Per Capita
* Since 2017, our total net position has shown consistent year-over-year growth.
$1,596 per capita
$800
$1,100
$1,400
$1,700
20
1
6
20
1
7
20
1
8
20
1
9
20
2
0
20
2
1
20
2
2
20
2
3
20
2
4
20
2
5
$(100)
$(50)
$-
$50
$100
$150
$200
$250
$300
$350
$400
20
1
6
20
1
9
20
2
2
20
2
5
Unrestricted Net Position
Restricted Net Position
Net investment in Capital Assets
4 DESCHUTES COUNTY, OREGON
Revenues
Deschutes County revenues for Fiscal Year 2025 were $349 million,
an increase of 14.4% over the prior year.
Taxes include both property tax revenue and lodging-tax
revenue. Total tax revenue for the year was $123 million,
a 4.4% increase over the prior year. This was driven by
increased assessed property values and 1,381 new
property tax accounts.
Charges for Services include payments made by
residents for a specific service provided to the resident.
Total charges for services for the year was $96 million,
representing a 19.8% increase over the prior year driven
by fee increases.
Grants and Contributions include payments made for
services by the Federal, State, and other local
governments. Grants and contributions totaled
$113 million, a 22.1% increase from the prior year. The
increase was primarily driven by a $12.4 million grant
from the State of Oregon and $4.6 million in federal
Local Assistance and Tribal Consistency funds for the County’s Courthouse
remodel. Health services also received an additional $7.3 million in state
grant funding for Certified Community Behavioral Health Clinics (CCBHC).
Expenses
Deschutes County expenses for Fiscal Year 2025 were $285 million.
During FY 2025, the County prioritized the importance of cost-conscious
departmental operations. Efficiencies and savings were realized across the
board, resulting in expenditures increasing by only $1.6 million, or 0.6%.
$349 Million
Revenue
Solid Waste expenses decreased primarily due to the costs associated
with the Knott Landfill closure decreasing by approximately $3 million.
The landfill is projected to reach capacity in 2029. Solid Waste also
completed the Negus Transfer Station in North County in July 2024.
Fair and Expo / RV Park expenses increased 20.7% due to the
continuing growth of events such as the High Desert Stampede,
Fairwell Festival, and Cascade Equinox Festival.
$285 Million
Expense
Public Safety expenses decreased
5% underscoring ongoing efforts to
reduce materials and supply costs to
offset increasing personnel expenses.
Health and Welfare expenses
increased by 0.5% remaining
consistent with prior year costs.
General Government expenses
increased by 17% due to increases in
personnel costs, related to increased
cost of living adjustments, union
contract negotiations, and rising
health benefits and retirement costs.
County Roads expenses increased
2.5%, staying aligned with last year’s
costs, while realizing an increase in
depreciation for FY 2025.
5 DESCHUTES COUNTY, OREGON
Revenues — 10 Year History
Expenses — 10 Year History
Expenses (in millions)2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Public safety 75$ 69$ 64$ 70$ 70$ 86$ 87$ 107$ 110$ 103$
Health and welfare 44 45 50 45 46 63 56 66 77 78
General government 36 32 37 32 50 50 48 67 35 40
County roads 18 19 18 18 18 25 22 10 34 36
Solid Waste 9 11 10 9 13 10 13 14 20 18
Fair & Expo / RV Park 5 5 5 6 5 3 5 6 7 8
Interest and fiscal charges 2 2 2 2 2 1 1 1 2 2
Total Expenses 189$ 183$ 186$ 182$ 204$ 238$ 232$ 271$ 285$ 285$
6 DESCHUTES COUNTY, OREGON
Debt
$386 PER CAPITA $309 PER CAPITA
$0
$200
$400
$600
$0
$40
$80
$120
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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10 Year History of Debt
During fiscal year 2025, debt decreased to $64.6 million (Par Value of $59.2 million) through scheduled debt
payments. No new debt was issued during the year.
The chart below represents the amounts owed on June 30, 2025.
Expansion of Deschutes County Courthouse
$64.6 Million
The chart below presents the amount of debt outstanding each year, as well as the amount attributable to each
resident in Deschutes County. The debt per capita metric illustrates the County’s debt burden in relation to an
individual resident.
7 DESCHUTES COUNTY, OREGON
Where do your taxes go?
Although Deschutes County is the tax collector for all taxing districts within the county, overall only 17 cents
of each dollar paid in taxes is retained by the County. The remaining 83 cents is passed through to other
government agencies to provide for schools, police and fire departments, parks, libraries, and more.
NOTE: The tax allocation shown below is based on the City of Bend Taxing District (Tax Code 1001).
All other city/rural allocations are similar.
43¢ 26¢ 17¢ 9¢ 5¢
Deschutes County uses its taxes to fund Public Safety, Health and Welfare, and General Government.
Public Safety includes the Sheriff’s Office, Deschutes 9-1-1 District, Community Justice, and District Attorney’s
Office (including Victims’ Assistance).
Health and Welfare includes Deschutes County Health Services and Veterans’ Services.
General Government includes a variety of departments such as the Assessor’s Office and Clerk’s Office
(including elections).
9¢ 1¢ 4¢ 1¢ 2¢
Public Safety 12¢
8 DESCHUTES COUNTY, OREGON
Property Taxes
10 Year History of the Tax Rates*
In Oregon, property taxes are billed based on the assessed value of a property
multiplied by the approved (levied) tax rate.
Deschutes County is funded, in part, by five separate tax levies.
· General Deschutes County Levy: District Attorney, Assessor, Community Justice, and more, for all residents.
· Countywide Law Enforcement Levy: County Jail, Civil Unit, and Search and Rescue for all residents.
· Rural Law Enforcement Levy: Detectives, Patrol, and Records for residents outside of city limits.
· 9-1-1 Levy: Traditional 9-1-1 services for all residents.
· Extension and 4-H Levy: Extension and 4-H services for all residents.
The cumulative total of tax rates levied and the assessed value for the past 10 years are shown below.
Assessed Value x
Tax Rate = Tax Bill
*Rate per $1,000 of assessed value (excludes expired local option levies)
10 Year History of Assessed Value
5.0%*5.7%*5.9%*5.4%*5.4%*5.7%*5.6%*5.7%*4.8%*
The average annual change in assessed
value over the 10 year period is 5.4%
$0
$5
$10
$15
$20
$25
$30
$35
$40
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Bi
l
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i
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n
s
*% Change in Assessed Value from prior year
9 DESCHUTES COUNTY, OREGON
Demographics and Staffing Ratio
Population for Deschutes County has
increased by 22% over the 10 year period.
This translates into an average annual
growth rate of 2.3%. The average annual
growth rate for the State or Oregon overall
was 0.6% during the same period.
Deschutes County’s population decreased by
1.7% in 2025 to 208,612.
Source: Portland State University
Median Age for Deschutes County has
increased by 2.27 years since 2016. The
median age for the United States over that
same period hovered around 39 years old.
At the end of Fiscal Year 2025, 50% of County
residents were older than 43.23 years and
50% were younger.
Source: Portland State University
Unemployment Rate for Deschutes
County during Fiscal Year 2025 was on
average 4.3%. Deschutes County started the
10 year period shown with an unemployment
rate of 4.9%.
Source: Oregon Employment Department
Population Per Full-Time Employee
for Deschutes County has remained stable
over the last 10 years. At the end of Fiscal Year
2025, there were 185 residents per County
employee.
This data point provides insight into the
size of government versus the population
governed.
Source: Deschutes County
Population
Median Age (in years)
Number of Residents per County Employee
Unemployment Rate
150,000
170,000
190,000
210,000
230,000
2016 2019 2022 2025
39
41
43
45
2016 2019 2022 2025
2%
4%
6%
8%
10%
2016 2019 2022 2025
175
180
185
190
195
200
2016 2019 2022 2025
10 DESCHUTES COUNTY, OREGON
Assessed Value (AV): dollar value assigned to a home or real estate for property tax purposes.
Bonds: a type of debt-based investment where money is loaned to a government in return for an agreed rate of interest.
Capital Assets: valuable, long-term items like buildings and equipment used for over one year.
Fiscal Year (FY): a government or organization’s 12-month financial budget and reporting period.
Fund: a fund is a separate fiscal and accounting entity used to segregate and account for resources related to a specific activity.
Invested: commit capital (money or assets) into something (like bonds or property) with the expectation of generating future income, profit, or growth over time. It’s about putting money to work, rather than just holding onto it.
Net Position: the difference between what the County owns and what the County owes; positive net position indicates a measure of financial stability.
Other Post-Employment Benefits (OPEB): non-pension benefits provided to retired employees.
Tax Levy: Amount of money a local taxing district intends to raise through property taxes to fund its budget.
Glossary
Additional Resources
Dial (Property Information)
https://dial.deschutes.org/
Emergency Information: During an incident in Deschutes County with evacuations or major impacts, this page will be updated as necessary.
https://experience.arcgis.com/experience/6f8868c4477e462b8a653a89260268fc
Inside Deschutes County Podcast: Join us as we discuss the exciting progress and growth of our area from the people who keep our County a wonderful place to call home.
www.deschutes.org/administration/page/inside-deschutes-county-podcast
Jobs and Volunteer Center
www.deschutes.org/hr/page/job-and-volunteer-center
Main Website
www.deschutes.org/
Social Media Directory: Find us on Facebook, Twitter, Instagram and more!
www.deschutes.org/administration/page/social-media-directory
11 DESCHUTES COUNTY, OREGON
Intended audience: Residents seeking high-level financial information concerning the County.
Measurement focus: The financial data presented in the Popular Annual Financial Report (PAFR) uses
the same measurement focus and basis of accounting as the County’s Annual Comprehensive Financial
Report (ACFR).
Financial information: Financial information from the ACFR ‘s government-wide financials have been
reproduced (full-accrual). Fund-level information has not been provided, but is available in the ACFR. All
financial entities (including component units), as presented in the ACFR, have been consolidated in the
PAFR.
Departures from accounting terminology: In preparing the PAFR, minor departures were
made from standard generally accepted accounting principal (GAAP) prescribed terminology. Such
departures were made in an attempt to avoid confusion concerning the materials presented.
Highlighted departures from GAAP are:
· “Assets” as used in this report, at times, include both Assets and Deferred Outflows.
· “Liabilities” as used in this report, at times, include both Liabilities and Deferred Inflows.
Volatility due to changes in accounting measurement: Over the course of the 10 years
presented, the Government Accounting Standards Board (GASB) has made modification to how certain
items are presented (e.g. pensions and other post-employment benefits). Such changes in recognition
practices introduced volatility to the 10 year trend information, as presented.
Additional Information
Special thank you to Finance Department staff and their commitment to the underlying debits/credits.
Contact Information:
Deschutes County Finance Department
1300 NW Wall Street, Suite 200
Bend, Oregon 97703
finance@deschutes.org
12 DESCHUTES COUNTY, OREGON
Fiscal Year 2024 PAFR Award