Generated for: COCHRANE. Financial Indicator Graphs

Transcription

1 Generated for: 215 Financial Indicator Graphs

2 Introduction The financial indicator graphs are intended to serve as a tool that may assist council and administration with operational decisions. The comparative measures may be useful in assessing past performance and for budget planning. Each municipality is compared to a group of similar size urban municipalities, or to rural municipalities with similar tax base. The comparison group is shown on the last slide. Custom graphs can be created comparing your municipality to other Alberta municipalities. Financial Advisory Services is available to assist you in interpreting the information contained in the graphs. Please be aware that advisors will not have access to any of the custom graphs you create, but would still be able to assist with the underlying formulas and data used to create all graphs. It should be noted that that the financial indicator graphs are point-in-time documents. The system is updated daily as new information is added to the municipal financial database. As such graphs will reflect the current data set and the results will be subject to change as the database is updated and verified. However, most information from the previous reporting year will have been posted by the fall of the subsequent year. Other points to note are: - The range for most of the graphs is 21 to Caution should be used when interpreting results as each municipality has unique characteristics affecting how it compares to the group. Also, circumstances may have changed since the December 31, 215 reporting date.

3 Introduction Financial Indicator Graphs include: o Equalized Tax Rates - Municipal/Residential/Non-Residential o Equalized Assessment Per Capita o Non-Residential Equalized Assessment as % of Total o Tax Collection Rate o Debt & Debt Service as % of the Limits o Long Term Debt Per Capita o Major Revenue Sources Per Capita o Major Revenue Sources As % of Total Revenue (only 215) o Broad Function Expenses Per Capita (only 215) o Per Capita Expenses by Major Type: - Salaries, Wages & Benefits - Contracted & General Services - Materials, Goods, Supplies & Utilities - Bank Charges & Interest - Amortization o Net Book Value As % of Capital Costs o Accumulated Surplus Categories, As % (only 215) o Accumulated Surplus Categories, Per Capita (only 215) o Ratio of Current Assets to Current Liabilities

4 Equalized Tax Rates: Net Municipal % 5.9% % 5.7% % 6.1% % 6.3% % 6.6% % 6.7% Note: Municipal Equalized Tax Rate is calculated based on total equalized assessment and net municipal property tax. Page 1

5 Equalized Tax Rates: Residential % 7.9% % 7.7% % 8.2% % 8.4% % 8.3% % 8.2% Note: Residential Equalized Tax Rate is calculated based on gross residential property taxes and residential equalized assessment. Page 2

6 Equalized Tax Rates: Non-Residential % 12.2% % 11.8% % 12.3% % 12.% % 11.9% % 11.4% 5 Note: Non-Residential Equalized Tax Rate is calculated based on gross non-residential property taxes and non-residential equalized assessment Page 3

7 Total Equalized Assessment Per Capita 25, 2, 28,31 195,775 26, , , , ,31 154, , , , , , , , , , ,88 15, 1, Note: Equalized Assessment Per Capita approximates a municipality's ability to generate property tax revenue in comparison to similar municipalities Page 4

8 Non-Residential Assessment as % of Total Equalized Assessment % 15.8% % 17.7% % 17.6% % 17.7% % 18.% % 18.4% Page 5

9 Tax Collection Rates % 95.9% % 96.6% % 97.1% % 97.3% % 97.5% % 97.7% 8 7 Note: This indicator reflects the percentage of taxes and grants in place of taxes which are collected by the municipality in the year in which they are levied. Page 6

10 Percent of Debt Limit Used % 36.6% % 34.1% % 33.4% % 31.3% % 3.5% % 33.% Note: This graph shows, in percentage terms, the municipality's debt as a percentage of the regulated limit. This is compared to the median for the group of similar municipalities. Page 7

11 Percent of Debt Service Limit Used % 28.3% % 24.3% % 23.6% % 21.4% % 2.6% % 23.6% Note: This graph shows, in percentage terms, the municipality's current debt servicing requirement relative to the regulated limit. This is compared to the median for the group of similar municipalities. Page 8

12 Long Term Municipal Debt Per Capita 4, 21 1,54 1, ,41 3, , , ,532 1, ,334 1,334 2, 1,532 1,334 1, 1, Page 9

13 Revenue Sources Per Capita: Net Municipal Property Taxes 1, , Page 1

14 Revenue Sources Per Capita: Total Grants 1, , Page 11

15 Revenue Sources Per Capita: Sales and User Charges 5, 4, , , 1, Page 12

16 Major Revenue Sources As % of Total Revenue, Group Group Maximum Net Municipal Property Tax Total Grants Sales and User Charges Page 13

17 Major Expenditures Per Capita by Broad Function, 215 Group 6,398 Group Maximum 6, 4, 2,364 2, 1,955 1, General Government Protective Services Transportation Environment Recreation Total Page 14

18 Major Expenditures Per Capita by Type: Salaries, Wages and Benefits 2, , , Page 15

19 Major Expenditures Per Capita by Type: Contracted and General Services 1, Page 16

20 Major Expenditures Per Capita by Type: Materials, Goods, Supplies and Utilities 1, Page 17

21 Major Expenditures Per Capita by Type: Interest and Banking Page 18

22 Major Expenditures Per Capita by Type: Amortization of Tangible Capital Assets 1, , Page 19

23 Net Book Value as % of Total Capital Property Costs % 74.8% % 74.7% % 73.9% % 73.9% % 74.1% % 72.1% Page 2

24 Accumulated Surplus Categories as % of Total, Group Group Maximum Unrestricted Restricted Equity in TCA Page 21

25 Accumulated Surplus Per Capita, , 23,639 Group Group Maximum 21,754 2, 16,573 15, 13,597 13,88 13,973 1, 5, 9 4,594 3,434 2,967 1, Unrestricted Restricted Equity in TCA Total Page 22

26 Ratio of Current Assets to Liabilities Assets 8,, 79,8,492 79,61, Liabilities Ratio 6,, ,863, ,993,823 4,, 38,361,28 2,,.56 15,162,415 15,25,83 2,631,215 23,3,181 29,459,367 25,41,38 8,428,258 Note: The current ratio calculation measures ability to meet short-term obligations with existing liquid assets. "Current Assets" are those which are liquid in nature (cash or an asset which can be easily converted to cash). Inventory is excluded from the calculation. "Current Liabilities" are generally obligations coming due within the next fiscal year. The ratio is shown in the centre of the column. A ratio greater than one indicates the degree to which current assets exceed current liabilities; a ratio smaller Page 23

27 Equalized Assessment Per Capita LETHBRIDGE GRANDE PRAIRIE ST. ALBERT MEDICINE HAT AIRDRIE SPRUCE GROVE LEDUC OKOTOKS FORT SASKATCHEWAN LLOYDMINSTER CHESTERMERE CAMROSE BEAUMONT STONY PLAIN COLD LAKE SYLVAN LAKE BROOKS STRATHMORE 11,78 124, ,88 168, ,56 148, , , , , , , , ,64 156, , , , ,93 1, 15, 2, Page 24

28 Group Population LETHBRIDGE GRANDE PRAIRIE ST. ALBERT MEDICINE HAT AIRDRIE SPRUCE GROVE LEDUC OKOTOKS FORT SASKATCHEWAN LLOYDMINSTER CHESTERMERE CAMROSE BEAUMONT STONY PLAIN COLD LAKE SYLVAN LAKE BROOKS STRATHMORE 32,36 29,34 28,16 24,4 23,84 19,74 18,496 18,38 16,768 16,127 15,736 14,31 14,185 13,327 58,69 63,255 63,18 68,556 94,84 2, 4, 6, 8, 1, Page 25