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City of Centerville May 19, 2010 Page 18 Ratio Analysis The following captures a few ratios from the City’s financial statements that give some additional information for trend and peer group analysis.The peer group average is derived from information available on the website of the Office of the State Auditor. th class (population 2,500 – 10,000).The majority of these ratios Different peer group averages were used for Cities of the 4 facilitate the use of economic resources focus and accrual basis of accounting at the government-wide level.A combination of liquidity (ability to pay its most immediate obligations), solvency (ability to pay its long-term obligations), funding (comparison of financial amounts and economic indicators to measure changes in financial capacity over time) and common-size (comparison of financial data with other cities regardless of size) ratios are shown below. Ratio CalculationSource2006200720082009 Debt to assetsTotal liabilities/total assetsGovernment-wide29%33%29%33% 35%36%34%N/A Debt per capitaBonded debt/populationGovernment-wide$1,942$2,394$2,045$2,947 $2,505$2,673$2,677N/A Taxes per capitaTax revenues/populationGovernment-wide$450$485$502$518 $346$382$401N/A Current expenditures per capitaGovernmental fund currentGovernmental funds$505$596$538$545 N/A$553$663N/A expenditures/population Capital expenditures per capitaGovernmental fund capitalGovernmental funds$871$510$564$826 expenditures/populationN/A$409$323N/A Capital assets % left to Net capital assets/Government-wide82%82%81%82% depreciate - Governmentalgross capital assets70%70%70%N/A 82%78%78%75% Capital assets % left to Net capital assets/Government-wide depreciate - Business-typegross capital assets68%68%67%N/A Represents the City of Centerville Peer Group ratio