Generated for: 2015 Financial Indicator Graphs
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 2010 to 2015. - 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, 2015 reporting date.
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 2015) o Broad Function Expenses Per Capita (only 2015) 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 2015) o Accumulated Surplus Categories, Per Capita (only 2015) o Ratio of Current Assets to Current Liabilities
Equalized Tax Rates: Net Municipal 12 2010 4.8% 6.0% 10 2011 4.5% 5.8% 2012 4.8% 6.1% 2013 4.9% 6.4% 2014 5.1% 6.7% 8 2015 5.3% 6.8% 6 4.8 4.5 4.8 4.9 5.1 5.3 4 Note: Municipal Equalized Tax Rate is calculated based on total equalized assessment and net municipal property tax. Page 1
Equalized Tax Rates: Residential 14 12 2010 7.1% 7.8% 2011 6.7% 7.7% 2012 7.5% 8.1% 2013 7.5% 8.3% 10 2014 7.5% 8.2% 2015 7.6% 8.0% 8 7.1 6.7 7.5 7.5 7.5 7.6 6 Note: Residential Equalized Tax Rate is calculated based on gross residential property taxes and residential equalized assessment. Page 2
Equalized Tax Rates: Non-Residential 20 2010 7.8% 12.3% 15 2011 8.9% 12.3% 2012 7.6% 12.5% 2013 10.0% 12.0% 10 7.8 8.9 7.6 10.0 10.2 10.8 2014 10.2% 12.1% 2015 10.8% 11.5% 5 0 Note: Non-Residential Equalized Tax Rate is calculated based on gross non-residential property taxes and non-residential equalized assessment Page 3
Total Equalized Assessment Per Capita 250,000 200,000 179,432 2010 179,432 154,731 2011 151,989 144,141 2012 162,978 145,366 2013 157,565 146,541 2014 156,162 150,167 2015 159,973 157,334 150,000 151,989 162,978 157,565 156,162 159,973 100,000 Note: Equalized Assessment Per Capita approximates a municipality's ability to generate property tax revenue in comparison to similar municipalities Page 4
Non-Residential Assessment as % of Total Equalized Assessment 50 40 2010 12.8% 16.8% 2011 12.9% 17.8% 2012 13.5% 17.6% 30 2013 13.4% 18.5% 2014 13.9% 19.0% 2015 14.7% 18.9% 20 12.8 12.9 13.5 13.4 13.9 14.7 10 0 Page 5
Tax Collection Rates 100 95.6 95.7 95.9 96.1 97.0 96.5 2010 95.6% 96.0% 2011 95.7% 96.7% 2012 95.9% 97.6% 90 2013 96.1% 97.6% 2014 97.0% 97.9% 2015 96.5% 97.5% 80 70 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
Percent of Debt Limit Used 80 60 50.1 51.1 2010 50.1% 37.7% 2011 42.6% 34.2% 2012 51.1% 33.7% 2013 42.5% 33.0% 40 42.6 42.5 2014 30.5% 32.9% 2015 28.0% 33.4% 30.5 28.0 20 Note: 0 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
Percent of Debt Service Limit Used 50 40 40.1 36.1 39.3 35.2 2010 40.1% 29.0% 2011 36.1% 26.8% 2012 39.3% 24.5% 30 28.0 28.5 2013 35.2% 22.3% 2014 28.0% 21.4% 2015 28.5% 23.1% 20 10 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
Long Term Municipal Debt Per Capita 4,000 2010 1,205 1,100 2011 1,065 1,065 3,000 2012 1,278 1,278 2013 1,118 1,243 2014 972 1,118 2015 842 1,357 2,000 1,000 1,205 1,065 1,278 1,118 972 842 0 Page 9
Revenue Sources Per Capita: Net Municipal Property Taxes 1,500 2010 726 933 2011 737 975 2012 750 963 2013 758 1,002 2014 814 1,078 2015 889 1,100 1,000 726 737 750 758 814 889 500 Page 10
Revenue Sources Per Capita: Total Grants 1,000 804 2010 804 495 2011 370 481 2012 367 441 2013 435 479 500 370 367 435 362 395 2014 362 490 2015 395 449 0 Page 11
Revenue Sources Per Capita: Sales and User Charges 5,000 4,000 2010 485 568 2011 493 615 3,000 2012 478 630 2013 586 664 2014 804 740 2015 693 725 2,000 1,000 485 493 478 586 804 693 0 Page 12
Major Revenue Sources As % of Total Revenue, 2015 60 59 Group Group Maximum 53 40 38 30 29 23 24 20 17 12 0 Net Municipal Property Tax Total Grants Sales and User Charges Page 13
Major Expenditures Per Capita by Broad Function, 2015 Group 6,398 Group Maximum 6,000 4,000 2,547 2,000 1,819 1,391 0 980 865 746 802 581 254 358 277 360 439 309 405 460 508 General Government Protective Services Transportation Environment Recreation Total Page 14
Major Expenditures Per Capita by Type: Salaries, Wages and Benefits 2,000 2010 588 820 2011 594 865 1,500 2012 581 875 2013 589 882 2014 622 931 2015 647 940 1,000 588 594 581 589 622 647 500 Page 15
Major Expenditures Per Capita by Type: Contracted and General Services 1,000 800 2010 337 401 2011 416 417 2012 364 397 2013 491 481 600 491 587 508 2014 587 514 2015 508 524 400 337 416 364 200 Page 16
Major Expenditures Per Capita by Type: Materials, Goods, Supplies and Utilities 1,000 2010 177 235 2011 181 230 2012 194 223 2013 180 241 2014 191 298 500 2015 199 307 177 181 194 180 191 199 0 Page 17
Major Expenditures Per Capita by Type: Interest and Banking 200 150 2010 60 62 2011 58 61 2012 55 59 2013 53 54 100 2014 47 47 2015 41 53 60 58 55 53 50 47 41 0 Page 18
Major Expenditures Per Capita by Type: Amortization of Tangible Capital Assets 1,500 2010 267 317 2011 293 336 2012 296 339 1,000 2013 288 355 2014 295 388 2015 297 393 500 267 293 296 288 295 297 Page 19
Net Book Value as % of Total Capital Property Costs 90 83.9 83.0 82.5 82.0 80 79.9 78.8 2010 83.9% 74.0% 2011 83.0% 73.8% 70 2012 82.5% 73.7% 2013 82.0% 73.4% 2014 79.9% 72.9% 2015 78.8% 72.1% 60 50 40 Page 20
Accumulated Surplus Categories as % of Total, 2015 100 98 Group Group Maximum 87 87 80 60 40 34 20 22 11 11 0 2 2 Unrestricted Restricted Equity in TCA Page 21
Accumulated Surplus Per Capita, 2015 25,000 23,639 Group Group Maximum 21,754 20,000 15,000 13,224 12,740 15,106 11,137 10,000 5,000 3,434 4,594 0 1,407 1,623 196 262 Unrestricted Restricted Equity in TCA Total Page 22
Ratio of Current Assets to Liabilities Assets 50,000,000 44,933,833 Liabilities Ratio 40,000,000 38,836,209 30,000,000 20,000,000 35,134,947 1.63 21,529,951 1.90 33,212,831 17,437,683 1.79 25,032,229 29,829,936 1.62 18,468,196 1.50 25,825,661 32,686,766 27,370,074 1.19 10,000,000 Note: 0 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
Equalized Assessment Per Capita RED DEER LETHBRIDGE GRANDE PRAIRIE ST. ALBERT MEDICINE HAT AIRDRIE SPRUCE GROVE LEDUC FORT SASKATCHEWAN COCHRANE LLOYDMINSTER CHESTERMERE CAMROSE BEAUMONT STONY PLAIN COLD LAKE SYLVAN LAKE 124,296 133,560 152,413 156,880 168,354 148,644 157,789 174,171 159,973 151,422 172,627 141,711 149,716 158,640 156,799 166,834 191,715 232,930 150,000 200,000 Page 24
Group Population RED DEER LETHBRIDGE GRANDE PRAIRIE ST. ALBERT MEDICINE HAT AIRDRIE SPRUCE GROVE LEDUC FORT SASKATCHEWAN COCHRANE LLOYDMINSTER CHESTERMERE CAMROSE BEAUMONT STONY PLAIN COLD LAKE SYLVAN LAKE 32,036 29,304 28,016 24,040 23,084 19,740 18,496 18,038 16,768 16,127 15,736 14,310 68,556 63,255 63,018 58,690 94,804 100,807 20,000 40,000 60,000 80,000 100,000 Page 25