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City of Centerville March 20, 2013 Page 14 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. Different peer group averages were used for Cities of the 4` class (population 2,500 — 10,000). The majority of these ratios 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 Calculation Source 2009 2010 2011 2012 Debt to assets Total liabilities /total assets Government -wide 33% 28% 31% 31 % 34% 37% 33% , \',;1 Debt per capita Bonded debt/population Government -wide $ 2,947 $ 2.159 $ 2,459 $ 2,310 S 2,713 S 3,125 S2,826 A' , f Taxes per capita Tax revenues /population Government -wide $ 518 $ 433 $ 442 $ 456 S 399 S 407 S 500 ,V,a Current expenditures per capita Governmental fund current Governmental funds $ 545 $ 525 $ 528 $ 526 expenditures /population S 625 S 624 S 640 V,1 Capital expenditures per capita Governmental fund capital Governmental funds $ 826 $ 370 $ 246 $ 33 expenditures /population S 310 S 265 S 229 VA Capital assets % left to Net capital assets/ Government -wide 82% 82% 79% 74% depreciate - Governmental gross capital assets 68% 61% 64% 'Y 'A Capital assets % left to Net capital assets/ Government -wide 75% 75% 69% 66% depreciate - Business -type gross capital assets 6, 59% 65% ,1 ,4 Represents the City of Centerville Represents Peer Group ,-1 i 952.835.9090 • Fax 952.835.3261 www.aemepar,.com 125