Financial Indicator Graphs for the Year Ended December 31, Prepared by Financial Advisory Services Local Government Services Division

Transcription

1 Financial Indicator Graphs for the Year Ended December 31, 28 Prepared by Financial Advisory Services Local Government Services Division 1

2 Introduction The financial indicator graphs have been prepared by Alberta Municipal Affairs using municipal financial and statistical data. The package is 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 sized urban municipalities, or to rural municipalities with similar tax base. The comparison group is shown on the last slide. Financial Advisory Services can provide assistance in interpreting this information and can prepare custom indicator graphs upon request for other comparative groups, e.g. comparisons with only larger municipalities. Other points to note are: 1. The range for most of the graphs is 23 to Equalized assessment is shown for the period 24 to Caution should be used when interpreting results as each municipality has unique characteristics affecting how it compares to the group. In addition, circumstances may have changed since the December 31, 28 reporting date. 2

3 Financial Indicator Graphs included: Equalized Tax Rates Net Municipal/Residential/Non-Residential Equalized Assessment Per Capita (urban only) Equalized Assessment Per Km of Roads (rural only) Non-residential Equalized Assessment as % of Total Tax Collection Rate Debt & Debt Service as % of the Limits Long Term Municipal Debt Per Capita Municipal Debt Servicing as % of Total Revenue Major Revenue Sources Per Capita/as % of Total Operating Revenue : Net Municipal Property Tax Sales & User Charges Provincial and Federal Grants Per Capita Operating Expenditures by Broad Function Category: Total General Government Protective Services Transportation Environmental Protection Recreation Roads Operating Expenditures Per Km (rural only) Per Capita Expenditures by Major Type: Salaries, Wages & Benefits Contracted & General Services Materials, Goods, Supplies & Utilities Bank Charges & Interest Long Term Liquidity/Long Term Liquidity Per Capita Reserves/Reserves Per Capita Ratio of Current Assets to Current Liabilities 3

4 Net Municipal Equalized Tax Rate Group Group 3.3 Note : Municipal Equalized Tax Rate is calculated based on total equalized assessment and net municipal property tax. 4

5 Residential Equalized Tax Rate Group Group 5.4 Note : Residential Equalized Tax Rate is calculated based on gross residential property taxes and residential equalized assessment. 5

6 Non-Residential Equalized Tax Rate Group Group 8.6 Note : Non-Residential Equalized Tax Rate is calculated based on gross non-residential property taxes and non-residential equalized assessment. 6

7 Total Equalized Assessment Per Capita (in thousands) Group Group Note : Equalized Assessment Per Capita approximates a municipality's ability to generate property tax revenue in comparison to similar municipalities. 7

8 Non-Residential Equalized Assessment As % of Total Group Group 8

9 Tax Collection Rate Group Group 87.4 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. 9

10 Percent of Debt Limit Used Group Group Note : This graph shows, in percentage terms, the municipality's debt (municipal and excluded functions) as a percentage of the regulated limit. This is compared to the median for the group of similar municipalities. 1

11 Percent of Debt Service Limit Used Group Group Note: This graph shows, in percentage terms, the municipality's current debt servicing requirement (municipal and excluded functions) relative to the regulated limit. This is compared to the median for the group of similar municipalities. 11

12 Long Term Municipal Debt Per Capita 2,7 2,61 2,2 1,7 1, Group Group Note : Long term debt associated with excluded functions (gas and/or electricity) is not included. 12

13 Municipal Long Term Debt Servicing as a Percent of Total Revenue Group Group Note: The calculation represents the percentage of total (operating and capital) municipal revenue that was required to meet long term debt obligations (municipal only) throughout the year. 13

14 Net Municipal Property Taxes Per Capita 1,5 1,463 1,3 1, Group Group 14

15 Sales and User Charges Per Capita 1,2 1,141 1,141 1, 942 1, Group Group 15

16 Provincial and Federal Operating Grants Per Capita 1,1 1, Group Group 16

17 Net Municipal Property Taxes As % of Total Operating Revenue Group Group

18 Sales and User Charges As % of Total Operating Revenue Group Group 18

19 Provincial and Federal Operating Grants As % of Total Operating Revenue Group Group 19

20 Total Operating Expenditures Per Capita 2,9 2,4 2,543 2,68 2,68 1,9 1,95 1,99 1,581 1,581 1,581 1,615 1,637 1,4 1,357 1,26 1,79 1, Group Group 2

21 General Government Operating Expenditures Per Capita Group Group 21

22 Protective Services Operating Expenditures Per Capita Group Group 22

23 Transportation Operating Expenditures Per Capita Group Group 23

24 Environmental Protection Operating Expenditures Per Capita 1,4 1,211 1,2 1, Group Group 24

25 Recreation Operating Expenditures Per Capita Group Group 25

26 Per Capita Operating Expenditures - Salaries, Wages and Benefits 1, Group Group 26

27 Per Capita Operating Expenditures - Contracted and General Services 1,6 1,4 1,352 1,2 1,121 1,121 1, Group Group 27

28 Per Capita Operating Expenditures - Materials, Goods, Supplies and Utilities 1, Group Group 28

29 Per Capita Operating Expenditures - Bank Charges and Interest Group Group 29

30 Long Term Liquidity Per Capita 5, 4, 4,367 3, 2, 1, -1, , , -1,791-3, 23 Group Group Note : Long term liquidity equals all financial assets less liabilities. A positive result indicates the assets remaining if all liabilities were paid in full. A negative result indicates liabilities to be paid with future revenues. Gas and electric functions are included where applicable. 3

31 Reserves Per Capita 4,5 4, 3,5 4,67 3, 2,5 2, 1,5 1,755 1, Group Group 9 Note : Municipal, gas and electric functions are included where applicable. 31

32 Long Term Liquidity (in thousands) 4, 3, 3,716 2, 1, , , -2, -1,567-3, 23 Group Group Note : Long term liquidity equals all financial assets less liabilities. A positive result indicates the assets remaining if all liabilities were paid in full. A negative result indicates liabilities to be paid with future revenues. Gas and electric functions are included where applicable. 32

33 Total Reserves (in thousands) 3,4 3,461 2,9 2,4 1,9 1,4 1, Group Group Note : Municipal, gas and electricity functions are included where applicable.

34 Ratio of Current Assets To Current Liabilities Current Assets ($) Current Liabilities ($) $21,489 $251,483 $341,49 $385,347 $58,17 $664, $395,234 $518,77 $454,996 $57,318 $962,89 $1,135, 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 than one indicates the degree to which current liabilities exceed current assets. A zero ( $ ) result at the top of a column indicates that the municipality had only current assets and no current liabilities. Gas and electrical functions are included where applicable. 34

35 Group's Population ONOWAY BASHAW BOYLE ALIX MILK RIVER BEISEKER MCLENNAN HYTHE DAYSLAND KITSCOTY DELBURNE HARDISTY LINDEN CONSORT MUNDARE NOBLEFORD ACME RYCROFT , 35

36 Group's Per Capita Equalized Assessment ONOWAY 123,658 ALIX MUNDARE BEISEKER DELBURNE BOYLE 11,591 14,555 12,491 95,28 91,221 LINDEN ACME 82,975 81,598 NOBLEFORD BASHAW KITSCOTY HARDISTY DAYSLAND HYTHE RYCROFT MILK RIVER CONSORT 71,724 66,391 65,687 64,357 62,133 59,995 58,338 56,769 51,76 MCLENNAN 39,483 38,683 2, 4, 6, 8, 1, 12, 14, 36