Mayagüez Municipal Fiscal Health
Data for year: 2021. Municipalities with available data: 78
Financial performance grade
C
Financial Health Ranking:
30 of 78
| Population | 71,917 |
|---|
Financial highlights
| Current assets | $ 110,979,728 |
|---|---|
| Current liabilities | $ 85,442,160 |
| Balance long term debt | $ 98,295,790 |
| Total assets | $ 326,811,434 |
| Total unrestricted net position | $ -128,187,872 |
| General revenues | $ 69,860,479 |
| Change in net assets | $ 28,943,248 |
| General fund revenues | $ 53,486,672 |
| Government fund expenditures | $ 51,462,770 |
| Excess / Deficiency general fund | $ 2,023,902 |
| Net change in fund balance (GF) | $ 9,822,426 |
| End of year fund balance (GF) | $ -14,367,972 |
| Debt service expenditures | $ 8,929,598 |
| Intergovermental funds (GF) | $ 6,146,853 |
| Fund balance all funds | $ 8,173,983 |
Financial indicators
| Net change in fund balance / Total revenue (GF) | 18.4% (16 of 78) |
|---|---|
| End of year fund balance (GF) / Total expenditures (FG) | -27.9% (63 of 78) |
| Current assets per capita | $ 1,543 (13 of 78) |
| Current assets / Current liabilities | 1.30 (64 of 78) |
| Balance long term debt per capita | $ 1,367 (59 of 78) |
| General revenues / Balance long term debt | 95.8% (43 of 78) |
| Debt service expenditures annual income | 9.5% (60 of 78) |
| Excess / Deficiency general fund / Revenues | 3.8% (28 of 78) |
| Change in net assets / Revenues general fund | 41.4% (9 of 78) |
| Fund balance all funds per capita | $ 114 (57 of 78) |
| Fund balance all funds / Long term liabilities | 8.3% (63 of 78) |
| Intergovermental funds (GF) / Revenues (GF) | 11.5% (22 of 78) |
| Total unrestricted net position / Total assets | -39.2% (37 of 78) |
Financial statements
Summary |
General Fund |
Other Funds |
Total Gov. Funds |
|---|---|---|---|
| Fund Balance at End of Fiscal Year | -14,367,972 | 22,541,955 | 8,173,983 |
Revenues |
|||
| Property | 17,710,000 | 15,586,577 | 33,296,577 |
| Municipal License | 11,314,152 | 0 | 11,314,152 |
| Sales | 11,146,114 | 1,977,653 | 13,123,767 |
| Construction Excise | 1,328,282 | 0 | 1,328,282 |
| Charges for Services | 597,320 | 698,758 | 1,296,078 |
| Intergovernmental Grants and Contributions: United States of America | 5,189,781 | 14,302,154 | 19,491,935 |
| Intergovernmental Grants and Contributions: Commonwealth of Puerto Rico | 957,072 | 7,863,893 | 8,820,965 |
| Interest on Deposits and Investments | 0 | 57,369 | 57,369 |
| Miscellaneous | 5,243,951 | 182,103 | 5,426,054 |
| Total Revenues | 53,486,672 | 40,668,507 | 94,155,179 |
Expenditures |
|||
| General Government | 23,793,430 | 257,571 | 24,051,001 |
| Public Safety | 3,206,366 | 415,695 | 3,622,061 |
| Urban and Economic Development | 4,390,191 | 3,734,029 | 8,124,220 |
| Health andSsanitation | 6,780,453 | 1,938,007 | 8,718,460 |
| Culture, Recreation and Education | 4,355,309 | 9,377,186 | 13,732,495 |
| Public Housing and Welfare | 3,288,889 | 6,464,441 | 9,753,330 |
| Debt Service: Principal | 1,450,278 | 4,987,130 | 6,437,408 |
| Debt Service: Interest | 291,185 | 2,201,005 | 2,492,190 |
| Capital Outlay | 3,906,669 | 4,733,770 | 8,640,439 |
| Total Expenditures | 51,462,770 | 34,108,834 | 85,571,604 |
Surplus / (Deficit) |
|||
| Excess (deficiency) of revenue over expenditures | 2,023,902 | 6,559,673 | 8,583,575 |
Data for year: 2020. Municipalities with available data: 72
Financial performance grade
D
Financial Health Ranking:
51 of 72
| Population | 73,077 |
|---|---|
| Area square miles | 78 |
| Number of public employees | 1,003 |
Financial highlights
| Current assets | $ 75,346,269 |
|---|---|
| Current liabilities | $ 64,565,842 |
| Balance long term debt | $ 96,409,624 |
| Total assets | $ 288,680,939 |
| Total unrestricted net position | $ -47,977,296 |
| General revenues | $ 64,211,705 |
| Change in net assets | $ -140,767 |
| General fund revenues | $ 45,136,014 |
| Government fund expenditures | $ 49,824,815 |
| Excess / Deficiency general fund | $ -4,688,801 |
| Net change in fund balance (GF) | $ -2,147,597 |
| End of year fund balance (GF) | $ -24,190,398 |
| Debt service expenditures | $ 10,803,690 |
| Intergovermental funds (GF) | $ 7,262,781 |
| Fund balance all funds | $ -8,224,027 |
Financial indicators
| Net change in fund balance / Total revenue (GF) | -4.8% (52 of 72) |
|---|---|
| End of year fund balance (GF) / Total expenditures (FG) | -48.6% (67 of 72) |
| Current assets per capita | $ 1,031 (13 of 72) |
| Current assets / Current liabilities | 1.17 (63 of 72) |
| Balance long term debt per capita | $ 1,319 (58 of 72) |
| General revenues / Balance long term debt | 88.5% (42 of 72) |
| Debt service expenditures annual income | 12.7% (64 of 72) |
| Excess / Deficiency general fund / Revenues | -10.4% (42 of 72) |
| Change in net assets / Revenues general fund | -0.2% (34 of 72) |
| Fund balance all funds per capita | $ -113 (67 of 72) |
| Fund balance all funds / Long term liabilities | -8.5% (66 of 72) |
| Intergovermental funds (GF) / Revenues (GF) | 16.1% (22 of 72) |
| Total unrestricted net position / Total assets | -16.6% (41 of 72) |
Financial statements
Summary |
General Fund |
Other Funds |
Total Gov. Funds |
|---|---|---|---|
| Fund balance at end of fiscal year | -24,190,398 | 15,966,371 | -8,224,027 |
Revenues |
|||
| Property | 16,164,285 | 10,781,747 | 26,946,032 |
| Municipal license | 9,607,080 | 0 | 9,607,080 |
| Sales | 8,956,783 | 1,355,132 | 10,311,915 |
| Construction excise | 1,026,918 | 0 | 1,026,918 |
| Charges for services | 641,148 | 1,460,739 | 2,101,887 |
| Intergovernmental Grants and Contributions: United States of America | 0 | 18,374,263 | 18,374,263 |
| Interest on Deposits and Investments | 16,808 | 22,036 | 38,844 |
| Miscellaneous | 1,460,211 | 4,755,630 | 6,215,841 |
| Total Revenues | 45,136,014 | 40,145,284 | 85,281,298 |
Expenditures |
|||
| General government | 26,362,342 | 2,198,066 | 28,560,408 |
| Public safety | 2,469,346 | 392,101 | 2,861,447 |
| Urban and economic development | 5,621,746 | 4,339,735 | 9,961,481 |
| Health and Sanitation | 4,064,631 | 1,100,023 | 5,164,654 |
| Culture, recreation and education | 5,661,188 | 9,727,661 | 15,388,849 |
| Public housing and welfare | 1,760,582 | 6,499,457 | 8,260,039 |
| Debt Service: Principal | 1,729,804 | 5,659,395 | 7,389,199 |
| Debt Service: Interest | 625,827 | 2,788,664 | 3,414,491 |
| Capital Outlays: | 1,529,349 | 2,777,765 | 4,307,114 |
| Total expenditures | 49,824,815 | 35,482,867 | 85,307,682 |
Surplus / (Deficit) |
|||
| Excess (deficiency) of revenues over (under) expenditures | -4,688,801 | 4,662,417 | -26,384 |
Data for year: 2019. Municipalities with available data: 71
Financial performance grade
D
Financial Health Ranking:
57 of 71
| Population | 71,530 |
|---|---|
| Area square miles | 78 |
| Unemployment rate | 10.2% |
| Mayor's annual salary | $ 108 |
Financial highlights
| Current assets | $ 59,828,033 |
|---|---|
| Current liabilities | $ 64,059,583 |
| Balance long term debt | $ 186,313,981 |
| Total assets | $ 274,846,497 |
| Total net position | $ 38,645,589 |
| Total unrestricted net position | $ -134,232,625 |
| General revenues | $ 52,907,985 |
| Change in net assets | $ 26,824,993 |
| General fund revenues | $ 45,242,859 |
| Government fund expenditures | $ 125,684,934 |
| Excess / Deficiency general fund | $ -9,088,004 |
| Net change in fund balance (GF) | $ -7,219,389 |
| End of year fund balance (GF) | $ -32,944,069 |
| Debt service expenditures | $ 46,821,043 |
| Intergovermental funds (GF) | $ 5,581,468 |
| Fund balance all funds | $ -19,098,911 |
Financial indicators
| Net change in fund balance / Total revenue (GF) | -16.0% (70 of 71) |
|---|---|
| End of year fund balance (GF) / Total expenditures (FG) | -60.6% (69 of 71) |
| Current assets per capita | $ 836 (19 of 71) |
| Current assets / Current liabilities | 0.93 (68 of 71) |
| Balance long term debt per capita | $ 2,605 (52 of 71) |
| General revenues / Balance long term debt | 24.3% (21 of 71) |
| Debt service expenditures annual income | 55.5% (64 of 71) |
| Excess / Deficiency general fund / Revenues | -20.1% (63 of 71) |
| Change in net assets / Revenues general fund | 59.3% (1 of 71) |
| Fund balance all funds per capita | $ -267 (70 of 71) |
| Fund balance all funds / Long term liabilities | -10.3% (70 of 71) |
| Intergovermental funds (GF) / Revenues (GF) | 12.3% (21 of 71) |
| Total unrestricted net position / Total assets | -12.0% (44 of 71) |
Financial statements
Summary |
General Fund |
Other Funds |
Total Gov. Funds |
|---|---|---|---|
| Fund balance (deficit) at end of fiscal year | -32,944,069 | 13,845,158 | -19,098,911 |
Revenues |
|||
| Property taxes | 14,230,158 | 11,744,853 | 25,975,011 |
| Licenses, permit and fines | 10,252,366 | 0 | 10,252,366 |
| Sales and use tax | 9,054,802 | 3,104,756 | 12,159,558 |
| Construction excise and permits | 1,055,357 | 0 | 1,055,357 |
| Charge for services | 1,283,776 | 1,223,216 | 2,506,992 |
| Intergovermental revenues: Federal grants and contributions | 0 | 20,573,801 | 20,573,801 |
| Intergovernmental Grants and Contributions: Commonwealth of Puerto Rico | 5,581,468 | 2,335,917 | 7,917,385 |
| Interest and other | 24,701 | 16,545 | 41,246 |
| Miscellaneous | 3,760,231 | 68,390 | 3,828,621 |
| Total revenues | 45,242,859 | 39,067,478 | 84,310,337 |
Expenditures |
|||
| General government | 25,917,858 | 479,758 | 26,397,616 |
| Public safety | 4,080,664 | 164,262 | 4,244,926 |
| Urban and economic development | 6,208,857 | 6,113,238 | 12,322,095 |
| Health and sanitation | 5,000,179 | 0 | 5,000,179 |
| Culture and recreation | 7,533,943 | 9,821,643 | 17,355,586 |
| Housing | 3,797,088 | 6,904,670 | 10,701,758 |
| Debt service: Principal | 350,128 | 42,181,345 | 42,531,473 |
| Debt service: Interest | 64,346 | 4,225,224 | 4,289,570 |
| Capital outlays | 1,377,800 | 1,463,931 | 2,841,731 |
| Total expenditures | 54,330,863 | 71,354,071 | 125,684,934 |
Surplus / (Deficit) |
|||
| Excess (deficiency) of revenues over (under) expenditures | -9,088,004 | -32,286,593 | -41,374,597 |
Data for year: 2018. Municipalities with available data: 72
Financial performance grade
F
Financial Health Ranking:
69 of 72
| Population | 71,986 |
|---|---|
| Area square miles | 78 |
| Number of public employees | 1,101 |
| Unemployment rate | 1.1% |
| Mayor's annual salary | $ 108 |
Financial highlights
| Current assets | $ 71,704,182 |
|---|---|
| Current liabilities | $ 53,300,181 |
| Balance long term debt | $ 221,798,185 |
| Total assets | $ 291,135,522 |
| Total net position | $ 12,155,153 |
| Total unrestricted net position | $ -151,875,799 |
| General revenues | $ 67,294,639 |
| Change in net assets | $ -92,372,209 |
| General fund revenues | $ 51,148,838 |
| Government fund expenditures | $ 90,155,276 |
| Excess / Deficiency general fund | $ -3,037,310 |
| Net change in fund balance (GF) | $ -2,415,080 |
| End of year fund balance (GF) | $ -25,724,680 |
| Debt service expenditures | $ 13,561,890 |
| Intergovermental funds (GF) | $ 7,477,198 |
| Fund balance all funds | $ -19,344,459 |
Financial indicators
| Net change in fund balance / Total revenue (GF) | -4.7% (66 of 72) |
|---|---|
| End of year fund balance (GF) / Total expenditures (FG) | -47.5% (62 of 72) |
| Current assets per capita | $ 996 (15 of 72) |
| Current assets / Current liabilities | 1.35 (62 of 72) |
| Balance long term debt per capita | $ 1,676 (12 of 72) |
| General revenues / Balance long term debt | 75.3% (51 of 72) |
| Debt service expenditures annual income | 14.9% (11 of 72) |
| Excess / Deficiency general fund / Revenues | -5.9% (60 of 72) |
| Change in net assets / Revenues general fund | -137.3% (71 of 72) |
| Fund balance all funds per capita | $ -269 (69 of 72) |
| Fund balance all funds / Long term liabilities | -16.0% (68 of 72) |
| Intergovermental funds (GF) / Revenues (GF) | 14.6% (54 of 72) |
| Total unrestricted net position / Total assets | -17.4% (50 of 72) |
Financial statements
Summary |
General Fund |
Other Funds |
Total Gov. Funds |
|---|---|---|---|
| Fund balance (deficit) at end of fiscal year | -25,724,680 | 6,380,221 | -19,344,459 |
Revenues |
|||
| Property taxes | 20,257,336 | 14,495,902 | 34,753,238 |
| Licenses, permit and fines | 10,236,179 | 0 | 10,236,179 |
| Sales and use tax | 9,829,204 | 0 | 9,829,204 |
| Construction excise and permits | 989,632 | 0 | 989,632 |
| Charge for services | 535,541 | 777,310 | 1,312,851 |
| Intergovermental revenues: Federal grants and contributions | 0 | 19,910,675 | 19,910,675 |
| Intergovernmental Grants and Contributions: Commonwealth of Puerto Rico | 7,477,198 | 2,168,158 | 9,645,356 |
| Interest and other | 10,039 | 3,439 | 13,478 |
| Miscellaneous | 1,813,709 | 153,287 | 1,966,996 |
| Total revenues | 51,148,838 | 37,508,771 | 88,657,609 |
Expenditures |
|||
| General government | 30,585,085 | 314,200 | 30,899,285 |
| Public safety | 3,820,486 | 174,713 | 3,995,199 |
| Urban and economic development | 7,174,902 | 7,081,007 | 14,255,909 |
| Health and sanitation | 2,219,678 | 190 | 2,219,868 |
| Culture and recreation | 6,129,747 | 9,186,269 | 15,316,016 |
| Housing | 2,818,272 | 5,718,808 | 8,537,080 |
| Debt service: Principal | 400,713 | 7,108,930 | 7,509,643 |
| Debt service: Interest | 508,012 | 5,544,235 | 6,052,247 |
| Capital outlays | 529,253 | 840,776 | 1,370,029 |
| Total expenditures | 54,186,148 | 35,969,128 | 90,155,276 |
Surplus / (Deficit) |
|||
| Excess (deficiency) of revenues over (under) expenditures | -3,037,310 | 1,539,643 | -1,497,667 |
Data for year: 2017. Municipalities with available data: 64
Financial performance grade
D
Financial Health Ranking:
51 of 64
| Population | 75,525 |
|---|---|
| Number of public employees | 1,467 |
| Unemployment rate | 12.0% |
| Mayor's annual salary | $ 96,000 |
Financial highlights
| Current assets | $ 67,046,940 |
|---|---|
| Current liabilities | $ 45,729,265 |
| Balance long term debt | $ 123,885,569 |
| Total assets | $ 292,856,323 |
| Total net position | $ 104,527,362 |
| Total unrestricted net position | $ -59,606,569 |
| General revenues | $ 66,954,014 |
| Change in net assets | $ 60,792,555 |
| General fund revenues | $ 52,782,901 |
| Government fund expenditures | $ 109,652,194 |
| Excess / Deficiency general fund | $ -11,114,617 |
| Net change in fund balance (GF) | $ -15,161,525 |
| End of year fund balance (GF) | $ -23,309,600 |
| Debt service expenditures | $ 23,139,069 |
| Intergovermental funds (GF) | $ 8,988,855 |
| Fund balance all funds | $ 590,183 |
Financial indicators
| Net change in fund balance / Total revenue (GF) | -28.7% (62 of 64) |
|---|---|
| End of year fund balance (GF) / Total expenditures (FG) | -36.5% (57 of 64) |
| Current assets per capita | $ 888 (12 of 64) |
| Current assets / Current liabilities | 1.47 (52 of 64) |
| Balance long term debt per capita | $ 1,640 (31 of 64) |
| General revenues / Balance long term debt | 54.0% (21 of 64) |
| Debt service expenditures annual income | 27.1% (1 of 64) |
| Excess / Deficiency general fund / Revenues | -21.1% (59 of 64) |
| Change in net assets / Revenues general fund | 115.2% (1 of 64) |
| Fund balance all funds per capita | $ -236 (64 of 64) |
| Fund balance all funds / Long term liabilities | -14.4% (63 of 64) |
| Intergovermental funds (GF) / Revenues (GF) | 17.0% (42 of 64) |
| Total unrestricted net position / Total assets | -20.4% (44 of 64) |
Financial statements
Summary |
General Fund |
Other Funds |
Total Gov. Funds |
|---|---|---|---|
| Fund balance (deficit) at end of fiscal year | -23,309,600 | 5,462,807 | -17,846,793 |
Revenues |
|||
| Property taxes | 19,509,441 | 12,497,136 | 32,006,577 |
| Licenses, permit and fines | 10,812,723 | 0 | 10,812,723 |
| Sales and use tax | 9,573,329 | 0 | 9,573,329 |
| Construction excise and permits | 538,315 | 0 | 538,315 |
| Charge for services | 1,114,810 | 243,042 | 1,357,852 |
| Intergovernmental revenues: Federal grants and contributions | 0 | 16,528,189 | 16,528,189 |
| Commonwealth Government | 8,988,855 | 2,000,504 | 10,989,359 |
| Interest and other | 126,346 | 958,551 | 1,084,897 |
| Miscellaneous | 2,119,082 | 466,058 | 2,585,140 |
| Total revenues | 52,782,901 | 32,693,480 | 85,476,381 |
Expenditures |
|||
| General government | 26,787,979 | 447,907 | 27,235,886 |
| Public safety | 4,158,564 | 85,893 | 4,244,457 |
| Urban and economic development | 10,159,701 | 1,268,636 | 11,428,337 |
| Health and sanitation | 9,870,731 | 0 | 9,870,731 |
| Culture and recreation | 9,372,800 | 10,863,027 | 20,235,827 |
| Housing | 3,168,622 | 7,464,622 | 10,633,244 |
| Debt service: Principal | 252,043 | 16,792,680 | 17,044,723 |
| Debt service: Interest | 334,242 | 5,760,104 | 6,094,346 |
| Capital outlays | -207,164 | 3,071,807 | 2,864,643 |
| Total expenditures | 63,897,518 | 45,754,676 | 109,652,194 |
Surplus / (Deficit) |
|||
| Excess (deficiency) of revenues over (under) expenditures | -11,114,617 | -13,061,196 | -24,175,813 |
Data for year: 2016. Municipalities with available data: 68
Financial performance grade
C
Financial Health Ranking:
45 of 68
| Population | 77,748 |
|---|---|
| Number of public employees | 1,493 |
| Unemployment rate | 13.2% |
Financial highlights
| Current assets | $ 112,255,482 |
|---|---|
| Current liabilities | $ 16,927,520 |
| Balance long term debt | $ 157,448,049 |
| Total assets | $ 236,185,623 |
| Total unrestricted net position | $ -43,612,652 |
| General revenues | $ 87,246,136 |
| Change in net assets | $ 3,689,366 |
| General fund revenues | $ 66,926,007 |
| Excess / Deficiency general fund | $ -7,778,107 |
| Net change in fund balance (GF) | $ -3,707,673 |
| End of year fund balance (GF) | $ -8,148,075 |
| Debt service expenditures | $ 16,626,897 |
| Intergovermental funds (GF) | $ 8,928,592 |
| Fund balance all funds | $ 38,764,407 |
Financial indicators
| Net change in fund balance / Total revenue (GF) | -5.5% (50 of 68) |
|---|---|
| End of year fund balance (GF) / Total expenditures (FG) | -10.9% (43 of 68) |
| Current assets per capita | $ 1,444 (5 of 68) |
| Current assets / Current liabilities | 6.63 (8 of 68) |
| Balance long term debt per capita | $ 2,025 (11 of 68) |
| General revenues / Balance long term debt | 55.4% (43 of 68) |
| Debt service expenditures annual income | 19.1% (17 of 68) |
| Excess / Deficiency general fund / Revenues | -11.6% (56 of 68) |
| Change in net assets / Revenues general fund | 4.2% (25 of 68) |
| Fund balance all funds per capita | $ 499 (13 of 68) |
| Fund balance all funds / Long term liabilities | 24.6% (34 of 68) |
| Intergovermental funds (GF) / Revenues (GF) | 13.3% (54 of 68) |
| Total unrestricted net position / Total assets | -18.5% (45 of 68) |
Financial statements
Summary |
General Fund |
Other Funds |
Total Gov. Funds |
|---|---|---|---|
| Fund balance (deficit) at end of fiscal year | -8,148,075 | 46,912,482 | 38,764,407 |
Revenues |
|||
| Property taxes | 19,855,442 | 18,913,010 | 38,768,452 |
| Licenses, permit and fines | 880,510 | 0 | 880,510 |
| Sales and use tax | 10,313,077 | 1,180,361 | 11,493,438 |
| Charge for services | 2,506,769 | 187,650 | 2,694,419 |
| Intergovermental revenues: Federal grants and contributions | 0 | 15,562,412 | 15,562,412 |
| Intergovernmental Grants and Contributions: Commonwealth of Puerto Rico | 8,928,592 | 3,565,610 | 12,494,202 |
| Interest and other | 1,228,921 | 1,147,429 | 2,376,350 |
| Miscellaneous | 11,150,253 | 1,050,589 | 12,200,842 |
| Total revenues | 66,926,007 | 41,607,061 | 108,533,068 |
Expenditures |
|||
| General government | 35,526,496 | 1,289,868 | 36,816,364 |
| Public safety | 4,783,405 | 444,342 | 5,227,747 |
| Urban and economic development | 9,738,245 | 1,779,306 | 11,517,551 |
| Health and sanitation | 7,392,999 | 0 | 7,392,999 |
| Culture and recreation | 13,027,415 | 10,706,003 | 23,733,418 |
| Housing | 2,594,795 | 6,960,498 | 9,555,293 |
| Debt service: Principal | 303,540 | 10,238,200 | 10,541,740 |
| Debt service: Interest | 129,308 | 5,955,849 | 6,085,157 |
| Capital outlays | 1,207,911 | 4,034,100 | 5,242,011 |
| Total expenditures | 74,704,114 | 41,408,166 | 116,112,280 |
Surplus / (Deficit) |
|||
| Excess (deficiency) of revenues over (under) expenditures | -7,778,107 | 198,895 | -7,579,212 |
Data for year: 2015. Municipalities with available data: 75
Financial performance grade
D
Financial Health Ranking:
64 of 75
| Population | 79,510 |
|---|---|
| Area square miles | 51 |
| Number of public employees | 1,480 |
| Unemployment rate | 13.5% |
Financial highlights
| Current assets | $ 109,622,644 |
|---|---|
| Current liabilities | $ 29,607,705 |
| Balance long term debt | $ 147,798,278 |
| Total assets | $ 232,791,584 |
| Total net position | $ 40,045,441 |
| Total unrestricted net position | $ -45,206,200 |
| General revenues | $ 74,587,107 |
| Change in net assets | $ 359,169 |
| General fund revenues | $ 58,619,718 |
| Government fund expenditures | $ 112,779,739 |
| Excess / Deficiency general fund | $ -12,489,175 |
| Net change in fund balance (GF) | $ -10,374,208 |
| End of year fund balance (GF) | $ -4,440,402 |
| Debt service expenditures | $ 15,402,196 |
| Intergovermental funds (GF) | $ 9,371,790 |
| Fund balance all funds | $ 45,393,969 |
Financial indicators
| Net change in fund balance / Total revenue (GF) | -17.7% (74 of 75) |
|---|---|
| End of year fund balance (GF) / Total expenditures (FG) | -3.9% (41 of 75) |
| Current assets per capita | $ 1,379 (6 of 75) |
| Current assets / Current liabilities | 3.70 (28 of 75) |
| Balance long term debt per capita | $ 1,859 (13 of 75) |
| General revenues / Balance long term debt | 50.5% (53 of 75) |
| Debt service expenditures annual income | 20.6% (9 of 75) |
| Excess / Deficiency general fund / Revenues | -21.3% (74 of 75) |
| Change in net assets / Revenues general fund | 0.5% (36 of 75) |
| Fund balance all funds per capita | $ 571 (12 of 75) |
| Fund balance all funds / Long term liabilities | 30.7% (34 of 75) |
| Intergovermental funds (GF) / Revenues (GF) | 16.0% (61 of 75) |
| Total unrestricted net position / Total assets | -19.4% (46 of 75) |
Financial statements
Summary |
General Fund |
Other Funds |
Total Gov. Funds |
|---|---|---|---|
| Fund balance (deficit) at end of fiscal year | -4,440,402 | 49,834,371 | 45,393,969 |
Revenues |
|||
| Property taxes | 19,245,964 | 14,427,583 | 33,673,547 |
| Intergovernmental revenues: Federal grants and contributions | 0 | 16,890,755 | 16,890,755 |
| Commonwealth Government | 9,371,790 | 3,614,143 | 12,985,933 |
| Licenses, permit and fines | 12,268,719 | 0 | 12,268,719 |
| Sales and use tax | 8,831,762 | 1,779,962 | 10,611,724 |
| Miscellaneous | 3,030,627 | 547,979 | 3,578,606 |
| Interest and other | 1,742,104 | 1,214,979 | 2,957,083 |
| Charge for services | 2,579,954 | 195,883 | 2,775,837 |
| Construction excise and permits | 1,548,798 | 0 | 1,548,798 |
| Total revenues | 58,619,718 | 38,671,284 | 97,291,002 |
Expenditures |
|||
| General government | 29,245,216 | 455,625 | 29,700,841 |
| Culture and recreation | 11,022,003 | 10,042,165 | 21,064,168 |
| Health and sanitation | 12,073,648 | 0 | 12,073,648 |
| Urban and economic development | 8,279,362 | 2,407,371 | 10,686,733 |
| Housing | 2,683,606 | 7,237,575 | 9,921,181 |
| Principal | 262,222 | 9,165,800 | 9,428,022 |
| Capital outlays | 2,282,935 | 5,636,423 | 7,919,358 |
| Interest and other | 93,193 | 6,236,396 | 6,329,589 |
| Public safety | 5,166,708 | 489,491 | 5,656,199 |
| Total expenditures | 71,108,893 | 41,670,846 | 112,779,739 |
Surplus / (Deficit) |
|||
| Excess (deficiency) of revenues over (under) expenditures | -12,489,175 | -2,999,562 | -15,488,737 |
Data for year: 2014. Municipalities with available data: 78
Financial performance grade
D
Financial Health Ranking:
57 of 78
| Population | 81,915 |
|---|---|
| Area square miles | 51 |
| Number of public employees | 900 |
| Unemployment rate | 17.1% |
| Mayor's annual salary | $ 96,000 |
| Number of years in office | 22 |
Financial highlights
| Current assets | $ 116,482,701 |
|---|---|
| Current liabilities | $ 42,564,203 |
| Balance long term debt | $ 157,251,599 |
| Total assets | $ 235,662,958 |
| Total net position | $ 39,686,272 |
| Total unrestricted net position | $ -36,605,457 |
| General revenues | $ 78,111,332 |
| Change in net assets | $ -4,445,989 |
| General fund revenues | $ 64,854,320 |
| Government fund expenditures | $ 73,323,237 |
| Excess / Deficiency general fund | $ -8,468,917 |
| Net change in fund balance (GF) | $ -3,064,734 |
| End of year fund balance (GF) | $ 5,933,806 |
| Debt service expenditures | $ 15,438,108 |
| Intergovermental funds (GF) | $ 16,340,922 |
| Fund balance all funds | $ 59,524,668 |
Financial indicators
| Net change in fund balance / Total revenue (GF) | -4.7% (69 of 78) |
|---|---|
| End of year fund balance (GF) / Total expenditures (FG) | 8.1% (30 of 78) |
| Current assets per capita | $ 1,422 (4 of 78) |
| Current assets / Current liabilities | 2.74 (42 of 78) |
| Balance long term debt per capita | $ 1,920 (12 of 78) |
| General revenues / Balance long term debt | 49.7% (60 of 78) |
| Debt service expenditures annual income | 19.8% (12 of 78) |
| Excess / Deficiency general fund / Revenues | -13.1% (71 of 78) |
| Change in net assets / Revenues general fund | -5.7% (66 of 78) |
| Fund balance all funds per capita | $ 727 (7 of 78) |
| Fund balance all funds / Long term liabilities | 37.9% (29 of 78) |
| Intergovermental funds (GF) / Revenues (GF) | 25.2% (51 of 78) |
| Total unrestricted net position / Total assets | -15.5% (43 of 78) |
Financial statements
Summary |
General Fund |
Other Funds |
Total Gov. Funds |
|---|---|---|---|
| Long term debt | 157,251,599 | 0 | 0 |
| Fund balance (deficit) at end of fiscal year | 5,933,806 | 53,590,862 | 59,524,668 |
Revenues |
|||
| Sales and use tax | 9,571,106 | 2,002,786 | 11,573,892 |
| Charge for services | 2,589,140 | 210,701 | 2,799,841 |
| Other Revenue | 2,210,827 | 219,617 | 2,430,444 |
| Interest and other | 1,632,155 | 391,219 | 2,023,374 |
| Construction excise and permits | 646,225 | 0 | 646,225 |
| Property taxes | 19,107,456 | 12,137,094 | 31,244,550 |
| Commonwealth Government | 16,340,922 | 3,021,625 | 19,362,547 |
| Intergovernmental Grants and Contributions: Commonwealth of Puerto Rico | 0 | 16,900,127 | 16,900,127 |
| Licenses, permit and fines | 12,756,489 | 0 | 12,756,489 |
| Total revenues | 64,854,320 | 34,883,169 | 99,737,489 |
Expenditures |
|||
| Housing | 3,051,041 | 9,174,293 | 12,225,334 |
| Community and economic development | 8,939,260 | 1,058,459 | 9,997,719 |
| Capital outlays | 641,931 | 9,068,882 | 9,710,813 |
| Principal | 292,988 | 8,599,600 | 8,892,588 |
| Interest and other | 64,277 | 6,481,243 | 6,545,520 |
| Health and Sanitation | 6,212,098 | 41,672 | 6,253,770 |
| Public safety | 5,327,147 | 732,485 | 6,059,632 |
| General government | 37,904,448 | 306,213 | 38,210,661 |
| Culture and recreation | 10,890,047 | 11,076,477 | 21,966,524 |
| Total expenditures | 73,323,237 | 46,539,324 | 119,862,561 |
Surplus / (Deficit) |
|||
| Excess (deficiency) of revenues over (under) expenditures | -8,468,917 | -11,656,155 | -20,125,072 |
Data for year: 2013. Municipalities with available data: 78
Financial performance grade
C
Financial Health Ranking:
43 of 78
| Population | 83,726 |
|---|---|
| Area square miles | 51 |
| Number of public employees | 900 |
| Unemployment rate | 19.1% |
| Mayor's annual salary | $ 96,000 |
| Number of years in office | 22 |
Financial highlights
| Current assets | $ 125,552,566 |
|---|---|
| Current liabilities | $ 75,068,165 |
| Balance long term debt | $ 155,110,354 |
| Total assets | $ 237,467,537 |
| Total net position | $ 44,132,261 |
| Total unrestricted net position | $ -30,692,803 |
| General revenues | $ 77,794,469 |
| Change in net assets | $ -7,562,823 |
| General fund revenues | $ 60,310,796 |
| Government fund expenditures | $ 71,515,395 |
| Excess / Deficiency general fund | $ -11,204,599 |
| Net change in fund balance (GF) | $ -1,817,577 |
| End of year fund balance (GF) | $ 8,998,540 |
| Debt service expenditures | $ 15,200,347 |
| Intergovermental funds (GF) | $ 10,332,490 |
| Fund balance all funds | $ 68,629,740 |
Financial indicators
| Net change in fund balance / Total revenue (GF) | -3.0% (41 of 78) |
|---|---|
| End of year fund balance (GF) / Total expenditures (FG) | 12.6% (19 of 78) |
| Current assets per capita | $ 1,500 (3 of 78) |
| Current assets / Current liabilities | 1.67 (52 of 78) |
| Balance long term debt per capita | $ 1,853 (11 of 78) |
| General revenues / Balance long term debt | 50.2% (54 of 78) |
| Debt service expenditures annual income | 19.5% (15 of 78) |
| Excess / Deficiency general fund / Revenues | -18.6% (70 of 78) |
| Change in net assets / Revenues general fund | -9.7% (52 of 78) |
| Fund balance all funds per capita | $ 820 (4 of 78) |
| Fund balance all funds / Long term liabilities | 44.2% (22 of 78) |
| Intergovermental funds (GF) / Revenues (GF) | 17.1% (68 of 78) |
| Total unrestricted net position / Total assets | -12.9% (33 of 78) |
Financial statements
Summary |
General Fund |
Other Funds |
Total Gov. Funds |
|---|---|---|---|
| Long term debt | 155,110,353 | 0 | 0 |
| Fund balance (deficit) at end of fiscal year | 8,998,540 | 59,631,200 | 68,629,740 |
Revenues |
|||
| Commonwealth Government | 10,332,490 | 2,517,042 | 12,849,532 |
| Licenses, permit and fines | 11,782,640 | 0 | 11,782,640 |
| Sales and use tax | 8,931,078 | 2,242,605 | 11,173,683 |
| Interest and other | 2,469,226 | 1,874,064 | 4,343,290 |
| Charge for services | 3,014,605 | 386,197 | 3,400,802 |
| Construction excise and permits | 2,560,865 | 0 | 2,560,865 |
| Other Revenue | 1,871,308 | 261,870 | 2,133,178 |
| Property taxes | 19,348,584 | 9,054,093 | 28,402,677 |
| Intergovernmental Grants and Contributions: Commonwealth of Puerto Rico | 0 | 19,695,512 | 19,695,512 |
| Total revenues | 60,310,796 | 36,031,383 | 96,342,179 |
Expenditures |
|||
| Capital outlays | 154,168 | 10,262,562 | 10,416,730 |
| Principal | 220,472 | 8,793,600 | 9,014,072 |
| Health and Sanitation | 8,360,637 | 266 | 8,360,903 |
| Interest and other | 78,027 | 6,108,248 | 6,186,275 |
| Public safety | 5,233,385 | 740,641 | 5,974,026 |
| General government | 30,414,849 | 771,448 | 31,186,297 |
| Culture and recreation | 9,675,427 | 11,801,835 | 21,477,262 |
| Housing | 3,517,381 | 12,396,170 | 15,913,551 |
| Community and economic development | 13,861,049 | 683,045 | 14,544,094 |
| Total expenditures | 71,515,395 | 51,557,815 | 123,073,210 |
Surplus / (Deficit) |
|||
| Excess (deficiency) of revenues over (under) expenditures | -11,204,599 | -15,526,432 | -26,731,031 |
Data for year: 2012. Municipalities with available data: 77
Financial performance grade
C
Financial Health Ranking:
31 of 77
| Population | 85,292 |
|---|---|
| Unemployment rate | 16.7% |
Financial highlights
| Current assets | $ 138,895,973 |
|---|---|
| Current liabilities | $ 51,529,626 |
| Balance long term debt | $ 142,329,104 |
| Total assets | $ 245,553,814 |
| Total net position | $ 51,695,084 |
| Total unrestricted net position | $ -45,170,241 |
| General revenues | $ 70,570,943 |
| Change in net assets | $ -1,705,386 |
| General fund revenues | $ 61,977,767 |
| Government fund expenditures | $ 67,618,509 |
| Excess / Deficiency general fund | $ -5,640,742 |
| Net change in fund balance (GF) | $ 2,478,767 |
| End of year fund balance (GF) | $ 10,816,117 |
| Debt service expenditures | $ 13,260,194 |
| Intergovermental funds (GF) | $ 10,310,829 |
| Fund balance all funds | $ 86,720,771 |
Financial indicators
| Net change in fund balance / Total revenue (GF) | 4.0% (19 of 77) |
|---|---|
| End of year fund balance (GF) / Total expenditures (FG) | 16.0% (18 of 77) |
| Current assets per capita | $ 1,628 (3 of 77) |
| Current assets / Current liabilities | 2.70 (28 of 77) |
| Balance long term debt per capita | $ 1,669 (13 of 77) |
| General revenues / Balance long term debt | 49.6% (63 of 77) |
| Debt service expenditures annual income | 18.8% (8 of 77) |
| Excess / Deficiency general fund / Revenues | -9.1% (54 of 77) |
| Change in net assets / Revenues general fund | -2.4% (53 of 77) |
| Fund balance all funds per capita | $ 1,017 (3 of 77) |
| Fund balance all funds / Long term liabilities | 60.9% (17 of 77) |
| Intergovermental funds (GF) / Revenues (GF) | 16.6% (66 of 77) |
| Total unrestricted net position / Total assets | -18.4% (49 of 77) |
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. Municipalities with available data: 78
Financial performance grade
C
Financial Health Ranking:
44 of 78
| Population | 87,053 |
|---|---|
| Unemployment rate | 18.5% |
Financial highlights
| Current assets | $ 114,727,938 |
|---|---|
| Current liabilities | $ 53,753,539 |
| Balance long term debt | $ 108,551,369 |
| Total assets | $ 216,809,273 |
| Total net position | $ 54,504,365 |
| Total unrestricted net position | $ -16,216,869 |
| General revenues | $ 70,188,007 |
| Change in net assets | $ -176,846 |
| General fund revenues | $ 59,462,192 |
| Government fund expenditures | $ 66,230,654 |
| Excess / Deficiency general fund | $ -6,768,462 |
| Net change in fund balance (GF) | $ -1,661,984 |
| End of year fund balance (GF) | $ 9,889,624 |
| Debt service expenditures | $ 12,026,263 |
| Intergovermental funds (GF) | $ 10,615,761 |
| Fund balance all funds | $ 57,922,996 |
Financial indicators
| Net change in fund balance / Total revenue (GF) | -2.8% (60 of 78) |
|---|---|
| End of year fund balance (GF) / Total expenditures (FG) | 14.9% (15 of 78) |
| Current assets per capita | $ 1,318 (7 of 78) |
| Current assets / Current liabilities | 2.13 (42 of 78) |
| Balance long term debt per capita | $ 1,247 (22 of 78) |
| General revenues / Balance long term debt | 64.7% (43 of 78) |
| Debt service expenditures annual income | 17.1% (12 of 78) |
| Excess / Deficiency general fund / Revenues | -11.4% (61 of 78) |
| Change in net assets / Revenues general fund | -0.3% (57 of 78) |
| Fund balance all funds per capita | $ 665 (11 of 78) |
| Fund balance all funds / Long term liabilities | 53.4% (26 of 78) |
| Intergovermental funds (GF) / Revenues (GF) | 17.9% (61 of 78) |
| Total unrestricted net position / Total assets | -7.5% (27 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. Municipalities with available data: 78
Financial performance grade
D
Financial Health Ranking:
59 of 78
| Population | 88,793 |
|---|---|
| Unemployment rate | 18.7% |
Financial highlights
| Current assets | $ 116,294,943 |
|---|---|
| Current liabilities | $ 49,234,269 |
| Balance long term debt | $ 109,827,573 |
| Total assets | $ 213,743,053 |
| Total net position | $ 54,681,211 |
| Total unrestricted net position | $ -8,262,071 |
| General revenues | $ 64,565,377 |
| Change in net assets | $ -7,962,400 |
| General fund revenues | $ 57,043,234 |
| Government fund expenditures | $ 71,431,653 |
| Excess / Deficiency general fund | $ -14,388,419 |
| Net change in fund balance (GF) | $ -5,977,788 |
| End of year fund balance (GF) | $ 11,551,608 |
| Debt service expenditures | $ 10,273,668 |
| Intergovermental funds (GF) | $ 11,097,898 |
| Fund balance all funds | $ 63,939,775 |
Financial indicators
| Net change in fund balance / Total revenue (GF) | -10.5% (70 of 78) |
|---|---|
| End of year fund balance (GF) / Total expenditures (FG) | 16.2% (14 of 78) |
| Current assets per capita | $ 1,310 (7 of 78) |
| Current assets / Current liabilities | 2.36 (37 of 78) |
| Balance long term debt per capita | $ 1,237 (17 of 78) |
| General revenues / Balance long term debt | 58.8% (56 of 78) |
| Debt service expenditures annual income | 15.9% (11 of 78) |
| Excess / Deficiency general fund / Revenues | -25.2% (75 of 78) |
| Change in net assets / Revenues general fund | -12.3% (69 of 78) |
| Fund balance all funds per capita | $ 720 (9 of 78) |
| Fund balance all funds / Long term liabilities | 58.2% (21 of 78) |
| Intergovermental funds (GF) / Revenues (GF) | 19.5% (54 of 78) |
| Total unrestricted net position / Total assets | -3.9% (16 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 | |||