Carolina Municipal Fiscal Health

Data for year: 2020

Financial performance grade

D
Financial Health Ranking: of 78
Population 154,815
Area square miles 45
Number of public employees 1,894
Mayor's annual salary $ 98,400

Financial highlights

Current assets $ 147,229,993
Current liabilities $ 73,407,470
Balance long term debt $ 273,775,936
Total assets $ 2,143,364,544
Total unrestricted net position $ -9,232,550
General revenues $ 136,935,594
Change in net assets $ 15,548,148
General fund revenues $ 113,370,063
Government fund expenditures $ 109,190,005
Excess / Deficiency general fund $ 4,180,058
Net change in fund balance (GF) $ 5,892,519
End of year fund balance (GF) $ 18,461,462
Debt service expenditures $ 38,990,869
Intergovermental funds (GF) $ 5,916,060
Fund balance all funds $ 49,517,078

Financial indicators

Net change in fund balance / Total revenue (GF) 519.8% (27 of 78)
End of year fund balance (GF) / Total expenditures (FG) 1,690.8% (30 of 78)
Current assets per capita $ 951 (15 of 78)
Current assets / Current liabilities 2.01 (47 of 78)
Balance long term debt per capita $ 1,768 (65 of 78)
General revenues / Balance long term debt 6,426.2% (60 of 78)
Debt service expenditures annual income 2,216.2% (71 of 78)
Excess / Deficiency general fund / Revenues 368.7% (18 of 78)
Change in net assets / Revenues general fund 1,135.4% (20 of 78)
Fund balance all funds per capita $ 320 (27 of 78)
Fund balance all funds / Long term liabilities 1,808.7% (45 of 78)
Intergovermental funds (GF) / Revenues (GF) 521.8% (4 of 78)
Total unrestricted net position / Total assets -43.1% (16 of 78)

Financial statements

Summary

General Fund

Other Funds

Total Gov. Funds
Fund balance at end of year 18,461,462 49,517,078 31,055,616

Revenues
Property Taxes 45,232,400 74,413,027 29,180,627
Volume of Business Taxes 30,547,390 30,547,390 0
Sales taxes 17,452,069 20,428,462 2,976,393
Construction excise and permits 3,151,822 3,151,822 0
Fines and forfeitures 390,775 396,425 5,650
Federal Grants 4,109,927 32,228,884 28,118,957
Interest income 733,597 737,043 3,446
Intergovermental grants 5,916,060 5,916,060 0
Rental income and charges for services 5,494,563 7,540,903 2,046,340
Landfill and Recycling 341,460 341,460 0
Other 0 232,644 232,644
Total Revenues 113,370,063 175,934,120 62,564,057

Expenditures
General government 45,115,541 45,115,541 0
Public safety 22,271,082 23,854,500 1,583,418
Public works, streets and transportation 7,569,628 12,900,726 5,331,098
Sanitation 18,263,865 18,263,865 0
Health 1,560,273 1,560,273 0
Recreations and sports 4,481,222 5,202,353 721,131
Education and training 2,370,245 12,267,927 9,897,682
Housing and buildings 4,022,256 9,850,435 5,828,179
Economic development 0 687,808 687,808
Welfare 3,535,893 4,610,741 1,074,848
Employment opportunity 0 2,690,957 2,690,957
Debt service - Principal 0 26,478,000 26,478,000
Debt service - Interest 0 12,512,869 12,512,869
Total expenditures 109,190,005 175,995,995 66,805,990

Surplus / (Deficit)
Excess (deficiency) of revenue over expenditures 4,180,058 -61,875 -4,241,933

Data for year: 2019

Financial performance grade

C
Financial Health Ranking: 36 of 78
Population 146,984
Area square miles 45
Unemployment rate 5.8%
Mayor's annual salary $ 98,400

Financial highlights

Current assets $ 164,765,969
Current liabilities $ 53,091,407
Balance long term debt $ 622,797,188
Total assets $ 2,131,947,289
Total net position $ 1,460,549,622
Total unrestricted net position $ -288,750,443
General revenues $ 148,623,417
Change in net assets $ 13,956,047
General fund revenues $ 116,346,204
Government fund expenditures $ 191,102,077
Excess / Deficiency general fund $ 6,755,427
Net change in fund balance (GF) $ -548,629
End of year fund balance (GF) $ 12,568,943
Debt service expenditures $ 41,593,252
Intergovermental funds (GF) $ 12,941,122
Fund balance all funds $ 46,488,053

Financial indicators

Net change in fund balance / Total revenue (GF) -0.5% (60 of 78)
End of year fund balance (GF) / Total expenditures (FG) 11.5% (36 of 78)
Current assets per capita $ 1,121 (10 of 78)
Current assets / Current liabilities 3.10 (35 of 78)
Balance long term debt per capita $ 4,237 (70 of 78)
General revenues / Balance long term debt 18.7% (65 of 78)
Debt service expenditures annual income 22.5% (44 of 78)
Excess / Deficiency general fund / Revenues 5.8% (26 of 78)
Change in net assets / Revenues general fund 12.0% (38 of 78)
Fund balance all funds per capita $ 316 (24 of 78)
Fund balance all funds / Long term liabilities 7.5% (44 of 78)
Intergovermental funds (GF) / Revenues (GF) 11.1% (19 of 78)
Total unrestricted net position / Total assets 0.4% (25 of 78)

Financial statements

Summary

General Fund

Other Funds

Total Gov. Funds
Fund balance (deficit) at end of fiscal year 12,568,943 46,488,053 33,919,110

Revenues
Property taxes 41,235,387 76,732,396 35,497,009
Volume of business tax 29,247,938 29,247,938 0
Sales and use tax 20,332,643 24,102,561 3,769,918
Construction excise and permits 3,918,277 3,918,277 0
Fines and forfeitures 357,095 364,622 7,527
Federal grants and contributions 1,666,331 27,004,238 25,337,907
Interest and other 10,006 11,693 1,687
Intergovernmental grants and contributions 12,941,122 12,941,122 0
Charge for services 5,345,625 7,775,333 2,429,708
Landfill 322,590 322,590 0
Rent 36,763 522,141 485,378
Other 932,427 2,071,876 1,139,449
Total revenues 116,346,204 185,014,787 68,668,583

Expenditures
General government 56,484,021 56,484,021 0
Public safety 16,020,774 22,676,982 6,656,208
Public works 7,145,454 14,199,774 7,054,320
Health and Sanitation 17,217,866 17,217,866 0
Health and welfare 0 0 0
Recreation and sports 2,782,268 4,458,238 1,675,970
Education 2,608,983 12,881,184 10,272,201
Housing 3,830,340 10,047,814 6,217,474
Economic Development 0 3,052,373 3,052,373
Human Service and welfare 3,501,071 5,534,220 2,033,149
Debt service: Principal 0 26,732,000 26,732,000
Debt service: Interest 0 14,861,252 14,861,252
Total expenditures 109,590,777 191,102,077 81,511,300

Surplus / (Deficit)
Excess (deficiency) of revenues over (under) expenditures 6,755,427 -6,087,290 -12,842,717

Data for year: 2018

Financial performance grade

D
Financial Health Ranking: 54 of 78
Population 147,661
Area square miles 45
Number of public employees 1,814
Unemployment rate 6.9%
Mayor's annual salary $ 98,400

Financial highlights

Current assets $ 179,103,583
Current liabilities $ 95,327,998
Balance long term debt $ 624,640,550
Total assets $ 2,206,128,749
Total net position $ 1,441,788,646
Total unrestricted net position $ -233,457,538
General revenues $ 141,303,183
Change in net assets $ -16,207,516
General fund revenues $ 128,482,217
Government fund expenditures $ 196,403,510
Excess / Deficiency general fund $ 2,506,684
Net change in fund balance (GF) $ 2,172,222
End of year fund balance (GF) $ 13,117,572
Debt service expenditures $ 40,464,868
Intergovermental funds (GF) $ 14,783,808
Fund balance all funds $ 47,083,064

Financial indicators

Net change in fund balance / Total revenue (GF) 1.7% (43 of 78)
End of year fund balance (GF) / Total expenditures (FG) 10.4% (23 of 78)
Current assets per capita $ 1,213 (9 of 78)
Current assets / Current liabilities 1.88 (47 of 78)
Balance long term debt per capita $ 2,223 (4 of 78)
General revenues / Balance long term debt 56.8% (63 of 78)
Debt service expenditures annual income 21.7% (2 of 78)
Excess / Deficiency general fund / Revenues 2.0% (40 of 78)
Change in net assets / Revenues general fund -11.5% (62 of 78)
Fund balance all funds per capita $ 319 (25 of 78)
Fund balance all funds / Long term liabilities 14.3% (47 of 78)
Intergovermental funds (GF) / Revenues (GF) 11.5% (60 of 78)
Total unrestricted net position / Total assets 2.9% (19 of 78)

Financial statements

Summary

General Fund

Other Funds

Total Gov. Funds
Fund balance (deficit) at end of fiscal year 13,117,572 47,083,064 33,965,492

Revenues
Property taxes 39,829,906 65,069,096 25,239,190
Volume of business tax 28,852,057 28,852,057 0
Sales and use tax 18,586,484 26,106,784 7,520,300
Construction excise and permits 5,778,183 5,778,183 0
Fines and forfeitures 248,697 259,719 11,022
Federal grants and contributions 17,129,232 42,376,267 25,247,035
Interest and other 75,724 79,758 4,034
Intergovernmental grants and contributions 14,783,808 14,783,808 0
Charge for services 2,168,137 3,906,705 1,738,568
Landfill 536,638 536,638 0
Rent 83,791 393,567 309,776
Other 409,560 1,557,290 1,147,730
Total revenues 128,482,217 189,699,872 61,217,655

Expenditures
General government 50,390,797 50,390,797 0
Public safety 30,047,820 33,691,028 3,643,208
Public works 8,346,360 14,576,832 6,230,472
Health and Sanitation 17,691,663 17,691,663 0
Health and welfare 7,889,022 7,889,022 0
Recreation and sports 2,505,212 3,785,901 1,280,689
Education 2,552,040 12,073,765 9,521,725
Housing 2,945,423 8,482,515 5,537,092
Economic Development 0 2,140,396 2,140,396
Human Service and welfare 3,607,196 4,562,424 955,228
Debt service 0 0 0
Principal 0 25,956,000 25,956,000
Interest and other 0 14,508,868 14,508,868
Total expenditures 125,975,533 196,403,510 70,427,977

Surplus / (Deficit)
Excess (deficiency) of revenues over (under) expenditures 2,506,684 -6,703,638 -9,210,322

Data for year: 2017

Financial performance grade

D
Financial Health Ranking: 45 of 78
Population 154,489
Number of public employees 1,872
Unemployment rate 6.7%
Mayor's annual salary $ 98,400

Financial highlights

Current assets $ 155,529,891
Current liabilities $ 66,230,723
Balance long term debt $ 349,921,110
Total assets $ 2,135,005,811
Total net position $ 1,681,767,951
Total unrestricted net position $ 7,248,563
General revenues $ 130,189,480
Change in net assets $ -19,797,579
General fund revenues $ 120,065,384
Government fund expenditures $ 203,953,773
Excess / Deficiency general fund $ -767,365
Net change in fund balance (GF) $ -7,093,038
End of year fund balance (GF) $ 10,945,350
Debt service expenditures $ 40,659,161
Intergovermental funds (GF) $ 14,991,421
Fund balance all funds $ 51,710,219

Financial indicators

Net change in fund balance / Total revenue (GF) -5.9% (36 of 78)
End of year fund balance (GF) / Total expenditures (FG) 9.1% (20 of 78)
Current assets per capita $ 1,007 (9 of 78)
Current assets / Current liabilities 2.35 (33 of 78)
Balance long term debt per capita $ 2,265 (16 of 78)
General revenues / Balance long term debt 37.2% (36 of 78)
Debt service expenditures annual income 22.8% (2 of 78)
Excess / Deficiency general fund / Revenues -0.6% (21 of 78)
Change in net assets / Revenues general fund -16.5% (50 of 78)
Fund balance all funds per capita $ 335 (19 of 78)
Fund balance all funds / Long term liabilities 14.8% (25 of 78)
Intergovermental funds (GF) / Revenues (GF) 12.5% (48 of 78)
Total unrestricted net position / Total assets 0.3% (13 of 78)

Financial statements

Summary

General Fund

Other Funds

Total Gov. Funds
Excess (deficiency) of revenues over (under) expenditures -767,365 -25,907,035 -25,139,670

Revenues
Property taxes 49,278,090 78,897,779 29,619,689
Landfill 962,621 962,621 0
Rent 79,040 2,197,205 2,118,165
Other 743,714 1,770,031 1,026,317
Licenses, permit and fines 28,505,841 28,505,841 0
Sales and use tax 19,221,046 22,206,373 2,985,327
Construction excise and permits 2,590,981 2,590,981 0
Fines and forfeitures 329,225 338,445 9,220
Federal grants and contributions 0 21,379,874 21,379,874
Interest and other 204,104 210,227 6,123
Intergovernmental grants and contributions 14,991,421 15,020,367 28,946
Charge for services 3,159,301 3,966,994 807,693
Total revenues 120,065,384 178,046,738 57,981,354

Expenditures
General government 51,068,863 51,068,863 0
Human Service and welfare 4,471,560 5,684,886 1,213,326
Economic Development 0 2,648,965 2,648,965
Debt service: Principal 0 27,757,500 27,757,500
Debt service: Interest 0 12,901,661 12,901,661
Public safety 15,496,147 15,611,203 115,056
Public works 8,810,816 26,604,805 17,793,989
Health and Sanitation 21,166,253 21,166,253 0
Health and welfare 7,889,022 7,889,022 0
Recreation and sports 3,716,560 6,198,213 2,481,653
Education 3,762,748 13,049,206 9,286,458
Housing 4,450,780 11,400,261 6,949,481
Total expenditures 120,832,749 203,953,773 83,121,024

Surplus / (Deficit)
Fund balance (deficit) at end of fiscal year 10,945,350 51,710,219 40,764,869

Data for year: 2016

Financial performance grade

C
Financial Health Ranking: 34 of 78
Population 158,457
Number of public employees 2,009
Unemployment rate 8.6%
Mayor's annual salary $ 98,400

Financial highlights

Current assets $ 199,584,456
Current liabilities $ 73,395,504
Balance long term debt $ 367,279,728
Total assets $ 2,172,459,014
Total unrestricted net position $ 10,094,946
General revenues $ 154,767,257
Change in net assets $ -1,916,550
General fund revenues $ 119,410,506
Excess / Deficiency general fund $ -3,672,577
Net change in fund balance (GF) $ 2,222,641
End of year fund balance (GF) $ 18,038,388
Debt service expenditures $ 38,465,007
Intergovermental funds (GF) $ 11,307,196
Fund balance all funds $ 98,505,612

Financial indicators

Net change in fund balance / Total revenue (GF) 1.9% (25 of 78)
End of year fund balance (GF) / Total expenditures (FG) 14.7% (23 of 78)
Current assets per capita $ 1,260 (8 of 78)
Current assets / Current liabilities 2.72 (39 of 78)
Balance long term debt per capita $ 2,318 (5 of 78)
General revenues / Balance long term debt 42.1% (61 of 78)
Debt service expenditures annual income 24.9% (3 of 78)
Excess / Deficiency general fund / Revenues -3.1% (40 of 78)
Change in net assets / Revenues general fund -1.2% (34 of 78)
Fund balance all funds per capita $ 622 (8 of 78)
Fund balance all funds / Long term liabilities 26.8% (32 of 78)
Intergovermental funds (GF) / Revenues (GF) 9.5% (61 of 78)
Total unrestricted net position / Total assets 0.5% (13 of 78)

Financial statements

Summary

General Fund

Other Funds

Total Gov. Funds
Fund balance (deficit) at end of fiscal year 18,038,388 98,505,612 80,467,224

Revenues
Property taxes 49,852,213 85,117,239 35,265,026
Licenses, permit and fines 28,588,865 28,588,865 0
Sales and use tax 19,911,478 24,338,050 4,426,572
Construction excise and permits 4,418,943 4,418,943 0
Fines and forfeitures 213,708 233,258 19,550
Federal grants and contributions 0 17,591,299 17,591,299
Interest and other 302,765 312,643 9,878
Intergovernmental grants and contributions 11,307,196 11,307,196 0
Charge for services 2,839,381 3,871,806 1,032,425
Landfill 1,025,898 1,025,898 0
Rent 118,200 2,676,650 2,558,450
Other 831,859 1,952,347 1,120,488
Total revenues 119,410,506 181,434,194 62,023,688

Expenditures
General government 52,593,071 52,593,071 0
Public safety 16,517,645 16,590,787 73,142
Public works 8,099,382 27,003,385 18,904,003
Health and Sanitation 20,795,178 20,795,178 0
Health and welfare 7,889,305 7,889,305 0
Recreation and sports 3,901,152 6,850,441 2,949,289
Education 4,245,324 13,848,096 9,602,772
Housing 4,438,723 10,809,524 6,370,801
Economic Development 0 2,131,344 2,131,344
Human Service and welfare 4,603,303 5,976,685 1,373,382
Debt service: Principal 0 25,695,000 25,695,000
Debt service: Interest 0 12,770,007 12,770,007
Total expenditures 123,083,083 208,160,833 85,077,750

Surplus / (Deficit)
Excess (deficiency) of revenues over (under) expenditures -3,672,577 -26,726,639 -23,054,062

Data for year: 2015

Financial performance grade

C
Financial Health Ranking: 38 of 78
Population 161,884
Area square miles 48
Number of public employees 2,316
Unemployment rate 8.9%
Mayor's annual salary $ 98,400

Financial highlights

Current assets $ 211,941,166
Current liabilities $ 94,720,418
Balance long term debt $ 380,233,649
Total assets $ 2,175,089,869
Total net position $ 1,704,378,827
Total unrestricted net position $ 31,330,010
General revenues $ 171,392,176
Change in net assets $ -4,371,399
General fund revenues $ 132,924,724
Government fund expenditures $ 241,706,621
Excess / Deficiency general fund $ -2,386,393
Net change in fund balance (GF) $ 242,038
End of year fund balance (GF) $ 15,815,747
Debt service expenditures $ 37,139,500
Intergovermental funds (GF) $ 15,902,182
Fund balance all funds $ 121,128,047

Financial indicators

Net change in fund balance / Total revenue (GF) 0.2% (51 of 78)
End of year fund balance (GF) / Total expenditures (FG) 6.5% (27 of 78)
Current assets per capita $ 1,309 (7 of 78)
Current assets / Current liabilities 2.24 (51 of 78)
Balance long term debt per capita $ 2,349 (4 of 78)
General revenues / Balance long term debt 45.1% (58 of 78)
Debt service expenditures annual income 21.7% (7 of 78)
Excess / Deficiency general fund / Revenues -1.8% (44 of 78)
Change in net assets / Revenues general fund -2.6% (43 of 78)
Fund balance all funds per capita $ 748 (5 of 78)
Fund balance all funds / Long term liabilities 31.9% (32 of 78)
Intergovermental funds (GF) / Revenues (GF) 12.0% (66 of 78)
Total unrestricted net position / Total assets 1.4% (10 of 78)

Financial statements

Summary

General Fund

Other Funds

Total Gov. Funds
Fund balance (deficit) at end of fiscal year 15,815,747 121,128,047 105,312,300

Revenues
Property taxes 50,578,269 79,133,434 28,555,165
Licenses, permit and fines 31,910,998 31,910,998 0
Sales and use tax 21,418,823 25,120,740 3,701,917
Federal grants and contributions 0 19,662,340 19,662,340
Intergovernmental grants and contributions 15,902,182 15,902,182 0
Construction excise and permits 7,726,276 7,726,276 0
Charge for services 2,981,520 4,438,644 1,457,124
Other 443,270 3,490,847 3,047,577
Rent 124,000 1,373,308 1,249,308
Interest and other 935,550 952,535 16,985
Landfill 677,610 677,610 0
Fines and forfeitures 226,226 238,454 12,228
Total revenues 132,924,724 190,627,368 57,702,644

Expenditures
Economic Development 0 2,006,895 6,394,098
General government 58,170,372 58,170,372 0
Public works 9,940,134 48,583,353 38,643,219
Principal 0 25,581,000 25,581,000
Health and Sanitation 23,444,842 24,471,607 1,026,765
Interest and other 0 11,558,500 11,558,500
Public safety 16,667,871 16,890,968 223,097
Education 4,348,146 13,709,826 9,361,680
Housing 5,744,701 12,922,648 7,177,947
Health and welfare 7,885,802 7,885,802 0
Recreation and sports 4,427,103 7,511,678 3,084,575
Human Service and welfare 4,682,146 6,019,874 1,337,728
Total expenditures 135,311,117 241,706,621 106,395,504

Surplus / (Deficit)
Excess (deficiency) of revenues over (under) expenditures -2,386,393 -51,079,253 -48,692,860

Data for year: 2014

Financial performance grade

C
Financial Health Ranking: 46 of 78
Population 165,820
Area square miles 48
Number of public employees 1,984
Unemployment rate 9.8%
Mayor's annual salary $ 98,400
Number of years in office 8

Financial highlights

Current assets $ 232,650,372
Current liabilities $ 59,005,106
Balance long term debt $ 404,787,367
Total assets $ 2,183,312,561
Total net position $ 1,714,590,403
Total unrestricted net position $ 25,563,657
General revenues $ 175,815,119
Change in net assets $ 4,572,052
General fund revenues $ 133,115,091
Government fund expenditures $ 138,899,392
Excess / Deficiency general fund $ -5,784,301
Net change in fund balance (GF) $ -7,113,273
End of year fund balance (GF) $ 15,573,709
Debt service expenditures $ 36,222,367
Intergovermental funds (GF) $ 18,871,468
Fund balance all funds $ 149,852,562

Financial indicators

Net change in fund balance / Total revenue (GF) -5.3% (71 of 78)
End of year fund balance (GF) / Total expenditures (FG) 11.2% (25 of 78)
Current assets per capita $ 1,403 (5 of 78)
Current assets / Current liabilities 3.94 (27 of 78)
Balance long term debt per capita $ 2,441 (5 of 78)
General revenues / Balance long term debt 43.4% (69 of 78)
Debt service expenditures annual income 20.6% (9 of 78)
Excess / Deficiency general fund / Revenues -4.3% (59 of 78)
Change in net assets / Revenues general fund 2.6% (46 of 78)
Fund balance all funds per capita $ 904 (4 of 78)
Fund balance all funds / Long term liabilities 37.0% (30 of 78)
Intergovermental funds (GF) / Revenues (GF) 14.2% (70 of 78)
Total unrestricted net position / Total assets 1.2% (7 of 78)

Financial statements

Summary

General Fund

Other Funds

Total Gov. Funds
Long term debt 420,537,765 0 0
Fund balance (deficit) at end of fiscal year 15,573,709 149,852,562 134,278,853

Revenues
Federal grants and contributions 0 20,600,875 20,600,875
Intergovernmental grants and contributions 18,871,468 19,954,148 1,082,680
Construction excise and permits 6,424,631 6,424,631 0
Other Revenue 429,937 2,849,581 2,419,644
Charge for services 2,557,060 2,557,060 0
Rent 262,461 942,021 679,560
Landfill 853,851 853,851 0
Interest and other 597,341 644,150 46,809
Fines and forfeitures 155,384 238,334 82,950
Property taxes 51,760,828 83,173,812 31,412,984
Licenses, permit and fines 31,166,580 31,166,580 0
Sales and use tax 20,035,550 23,378,949 3,343,399
Total revenues 133,115,091 192,783,992 59,668,901

Expenditures
Health and Sanitation 7,885,802 7,885,802 1,188,983
Public safety 18,736,643 18,893,539 156,896
Education 5,213,124 13,970,215 8,757,091
Housing 4,450,843 13,931,008 9,480,165
Interest and other 0 11,727,677 11,727,677
Culture and recreation 5,086,512 8,392,217 3,305,705
Human Service and welfare 4,809,230 5,651,141 841,911
Training and employment 0 2,231,373 2,231,373
Economic Development 0 1,697,929 1,697,929
General government 54,281,104 54,281,104 0
Public works 17,809,262 44,653,737 26,844,475
Principal 0 24,494,690 24,494,690
Total expenditures 138,899,392 229,626,287 90,726,895

Surplus / (Deficit)
Excess (deficiency) of revenues over (under) expenditures -5,784,301 -36,842,295 -31,057,994

Data for year: 2013

Financial performance grade

C
Financial Health Ranking: 32 of 78
Population 168,611
Area square miles 48
Number of public employees 1,984
Unemployment rate 9.5%
Mayor's annual salary $ 98,400
Number of years in office 8

Financial highlights

Current assets $ 212,806,312
Current liabilities $ 76,839,382
Balance long term debt $ 386,173,379
Total assets $ 2,154,757,869
Total net position $ 1,710,110,806
Total unrestricted net position $ 5,789,806
General revenues $ 166,158,300
Change in net assets $ -5,615,964
General fund revenues $ 130,138,322
Government fund expenditures $ 131,371,547
Excess / Deficiency general fund $ -1,233,225
Net change in fund balance (GF) $ -11,105,559
End of year fund balance (GF) $ 21,692,334
Debt service expenditures $ 32,221,030
Intergovermental funds (GF) $ 15,426,024
Fund balance all funds $ 133,411,335

Financial indicators

Net change in fund balance / Total revenue (GF) -8.5% (60 of 78)
End of year fund balance (GF) / Total expenditures (FG) 16.5% (12 of 78)
Current assets per capita $ 1,262 (6 of 78)
Current assets / Current liabilities 2.77 (33 of 78)
Balance long term debt per capita $ 2,290 (6 of 78)
General revenues / Balance long term debt 43.0% (68 of 78)
Debt service expenditures annual income 19.4% (16 of 78)
Excess / Deficiency general fund / Revenues -0.9% (33 of 78)
Change in net assets / Revenues general fund -3.4% (40 of 78)
Fund balance all funds per capita $ 791 (5 of 78)
Fund balance all funds / Long term liabilities 34.5% (32 of 78)
Intergovermental funds (GF) / Revenues (GF) 11.9% (75 of 78)
Total unrestricted net position / Total assets 0.3% (7 of 78)

Financial statements

Summary

General Fund

Other Funds

Total Gov. Funds
Long term debt 362,188,681 0 0
Fund balance (deficit) at end of fiscal year 21,692,334 133,411,335 111,719,001

Revenues
Federal grants and contributions 0 21,157,030 21,157,030
Intergovernmental grants and contributions 15,426,024 17,037,783 1,611,759
Construction excise and permits 6,760,435 6,760,435 0
Other Revenue 915,334 2,985,291 2,069,957
Charge for services 2,190,993 2,190,993 0
Rent 718,671 1,460,919 742,248
Landfill 871,270 871,270 0
Interest and other 701,915 764,582 62,667
Fines and forfeitures 113,020 164,577 51,557
Property taxes 51,653,660 79,358,875 27,705,215
Licenses, permit and fines 32,163,150 32,163,150 0
Sales and use tax 18,623,850 22,613,306 3,989,456
Total revenues 130,138,322 187,528,211 57,389,889

Expenditures
Principal 0 21,857,200 21,857,200
Public safety 17,230,491 17,358,554 128,063
Housing 5,152,461 14,590,138 9,437,677
Education 5,087,179 14,283,241 9,196,062
Interest and other 0 10,363,830 10,363,830
Culture and recreation 5,925,503 9,195,932 3,270,429
Health and Sanitation 22,243,076 23,701,223 1,458,147
Human Service and welfare 4,896,917 6,450,576 1,553,659
Economic Development 0 2,960,429 2,960,429
Training and employment 0 2,262,143 2,262,143
General government 52,171,273 52,171,273 0
Public works 10,778,845 40,797,359 30,018,514
Total expenditures 131,371,547 223,877,700 92,506,153

Surplus / (Deficit)
Excess (deficiency) of revenues over (under) expenditures -12,332,251 -36,349,489 -35,116,264

Data for year: 2012

Financial performance grade

C
Financial Health Ranking: 33 of 78
Population 171,106
Unemployment rate 10.5%

Financial highlights

Current assets $ 217,971,806
Current liabilities $ 95,215,453
Balance long term debt $ 341,061,787
Total assets $ 2,154,488,888
Total net position $ 1,718,211,648
Total unrestricted net position $ 24,896,115
General revenues $ 167,766,571
Change in net assets $ -2,872,673
General fund revenues $ 131,721,885
Government fund expenditures $ 130,145,477
Excess / Deficiency general fund $ 1,576,408
Net change in fund balance (GF) $ -3,458,670
End of year fund balance (GF) $ 32,757,250
Debt service expenditures $ 30,741,981
Intergovermental funds (GF) $ 15,338,891
Fund balance all funds $ 140,766,213

Financial indicators

Net change in fund balance / Total revenue (GF) -2.6% (48 of 78)
End of year fund balance (GF) / Total expenditures (FG) 25.2% (9 of 78)
Current assets per capita $ 1,274 (8 of 78)
Current assets / Current liabilities 2.29 (36 of 78)
Balance long term debt per capita $ 1,993 (8 of 78)
General revenues / Balance long term debt 49.2% (65 of 78)
Debt service expenditures annual income 18.3% (10 of 78)
Excess / Deficiency general fund / Revenues 1.2% (25 of 78)
Change in net assets / Revenues general fund -1.7% (50 of 78)
Fund balance all funds per capita $ 823 (4 of 78)
Fund balance all funds / Long term liabilities 41.3% (35 of 78)
Intergovermental funds (GF) / Revenues (GF) 11.6% (73 of 78)
Total unrestricted net position / Total assets 1.2% (8 of 78)

Financial statements

Summary

General Fund

Other Funds

Total Gov. Funds
No data available

Revenues
No data available

Expenditures
No data available

Surplus / (Deficit)
No data available

Data for year: 2011

Financial performance grade

C
Financial Health Ranking: 41 of 78
Population 173,836
Unemployment rate 12.1%

Financial highlights

Current assets $ 251,132,583
Current liabilities $ 85,162,939
Balance long term debt $ 356,255,409
Total assets $ 2,158,633,301
Total net position $ 1,717,214,953
Total unrestricted net position $ 26,857,795
General revenues $ 159,225,581
Change in net assets $ 1,668,459
General fund revenues $ 128,436,515
Government fund expenditures $ 129,898,931
Excess / Deficiency general fund $ -1,462,416
Net change in fund balance (GF) $ -16,131,877
End of year fund balance (GF) $ 36,215,920
Debt service expenditures $ 29,922,504
Intergovermental funds (GF) $ 15,422,815
Fund balance all funds $ 168,985,765

Financial indicators

Net change in fund balance / Total revenue (GF) -12.6% (73 of 78)
End of year fund balance (GF) / Total expenditures (FG) 27.9% (7 of 78)
Current assets per capita $ 1,445 (5 of 78)
Current assets / Current liabilities 2.95 (30 of 78)
Balance long term debt per capita $ 2,049 (6 of 78)
General revenues / Balance long term debt 44.7% (68 of 78)
Debt service expenditures annual income 18.8% (7 of 78)
Excess / Deficiency general fund / Revenues -1.1% (38 of 78)
Change in net assets / Revenues general fund 1.0% (52 of 78)
Fund balance all funds per capita $ 972 (3 of 78)
Fund balance all funds / Long term liabilities 47.4% (30 of 78)
Intergovermental funds (GF) / Revenues (GF) 12.0% (72 of 78)
Total unrestricted net position / Total assets 1.2% (6 of 78)

Financial statements

Summary

General Fund

Other Funds

Total Gov. Funds
No data available

Revenues
No data available

Expenditures
No data available

Surplus / (Deficit)
No data available

Data for year: 2010

Financial performance grade

B
Financial Health Ranking: 20 of 78
Population 176,421
Unemployment rate 13.0%

Financial highlights

Current assets $ 270,136,078
Current liabilities $ 76,600,576
Balance long term debt $ 356,665,869
Total assets $ 2,146,690,296
Total net position $ 1,713,423,851
Total unrestricted net position $ 95,352,715
General revenues $ 154,664,547
Change in net assets $ 29,834,318
General fund revenues $ 131,156,411
Government fund expenditures $ 134,943,263
Excess / Deficiency general fund $ -3,786,852
Net change in fund balance (GF) $ 5,898,367
End of year fund balance (GF) $ 48,944,615
Debt service expenditures $ 26,704,769
Intergovermental funds (GF) $ 16,425,670
Fund balance all funds $ 190,208,578

Financial indicators

Net change in fund balance / Total revenue (GF) 4.5% (13 of 78)
End of year fund balance (GF) / Total expenditures (FG) 36.3% (5 of 78)
Current assets per capita $ 1,531 (5 of 78)
Current assets / Current liabilities 3.53 (20 of 78)
Balance long term debt per capita $ 2,022 (5 of 78)
General revenues / Balance long term debt 43.4% (72 of 78)
Debt service expenditures annual income 17.3% (8 of 78)
Excess / Deficiency general fund / Revenues -2.9% (47 of 78)
Change in net assets / Revenues general fund 19.3% (18 of 78)
Fund balance all funds per capita $ 1,078 (3 of 78)
Fund balance all funds / Long term liabilities 53.3% (24 of 78)
Intergovermental funds (GF) / Revenues (GF) 12.5% (68 of 78)
Total unrestricted net position / Total assets 4.4% (4 of 78)

Financial statements

Summary

General Fund

Other Funds

Total Gov. Funds
No data available

Revenues
No data available

Expenditures
No data available

Surplus / (Deficit)
No data available