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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 we requested from the Office of the State Auditor. Different peer group averages were used for Cities of the 0 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 2011 2012 2013 2014 2015 Debt to assets Total liabilities/total assets Government -wide 31% 31% 31% 29% 28% 33% 33% 32% 32% N/A Debt per capita Bonded debt/population Government -wide $ 2,459 $ 2,310 $ 2,486 $ 2,200 $ 1,937 $ 2,826 $ 2,626 $2,656 $2,506 N/A Taxes per capita Tax revenues/population Government -wide $ 442 $ 456 $ 455 $ 440 $ 460 $ 500 $ 480 $ 487 $ 484 N/A Current expenditures per capita Governmental fund current Governmental funds $ 528 $ 526 $ 507 $ 493 $ 498 expenditures/population $ 640 $ 649 $ 634 $ 674 N/A Capital expenditures per capita Governmental fund capital Governmental funds $ 246 $ 33 $ 330 $ 129 $ 290 expenditures/population $ 229 $ 298 $ 294 $ 320 N/A Capital assets % left to Net capital assets/ Government -wide 79% 74% 72% 68% 65% depreciate - Governmental gross capital assets 64% 65% 64% 63% N/A Capital assets % left to Net capital assets/ Government -wide 69% 66% 64% 63% 60% depreciate - Business -type gross capital assets 65% 63% 63% 6/% N/A Represents the City of Centerville Represents Peer Group Average Debt -to -Assets Leverage Ratio (Solvency Ratio) The debt -to -assets leverage ratio is a comparison of a city's total liabilities to its total assets or the percentage of total assets that are provided by creditors. It indicates the degree to which the City's assets are financed through borrowings and other long-term obligations (i.e. a ratio of 50 percent would indicate half of the assets are financed with outstanding debt). Bonded Debt per Capita (Funding Ratio) This dollar amount is arrived at by dividing the total bonded debt by the population of the city and represents the amount of bonded debt obligation for each citizen of the city at the end of the year. The higher the amount, the more resources are needed in the future to retire these obligations through taxes, assessments or user fees. Taxes per Capita (Funding Ratio) This dollar amount is arrived at by dividing the total tax revenues by the population of the city and represents the amount of taxes for each citizen of the city for the year. The higher this amount is, the more reliant the city is on taxes to fund its operations. Current Expenditures per Capita (Funding Ratio) This dollar amount is arrived at by dividing the total current governmental expenditures by the population of the City and represents the amount of governmental expenditure for each citizen of the City during the year. Since this is generally based on ongoing expenditures, we would expect consistent annual per capita results. ]A,ople .L 1).,, � —, -,milli; 13evol ld il'.. -14-11111 f)(T..�+