2016-12-31 Management Letter - Laserfiche WebLink

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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 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 2012 2013 2014 2015 2016 Debt to assets Total liabilities/total assets Government -wide 31% 31% 241% 21;% 321Y4 33% .32% .32% .34% NIA Debt per capita Bonded debt/population Government -wide `a 2,310 `a 2 41;(1 `a 2,200 `5 1,937 `a 1,655 5' 2,626 S2,656 S2,506 S2,517 NIA Taxes per capita Tax revenues/population Government -wide `a 456 S 455 S 440 S 460 S 496 5' 480 5' 487 5' 484 5' 510 NIA Current expenditures per capita Governmental fund current Governmental funds S 526 S 507 S 493 S 4413 S 5413 expenditures/population 5' 649 5' 634 5' 674 5' 688 NIA Capital expenditures per capita Governmental fund capital Governmental funds S 33 S 3343 S 124 S 2443 S 43 expenditures/population 5' 298 5' 294 5' 320 5' 354 NIA Capital assets % left to Net capital assets/ Government -wide 7'4% 7'2% 613% 65% 601yo depreciate - Governmental gross capital assets Cis% 64% 6.3% 6.3% N/A Capital assets % left to Net capital assets/ Government -wide 661% 54% 731% 6431yo 57'% depreciate - Business -type gross capital assets 6.3% 6.3% 61% % 61 % N/A R pre. r ni ; the (_ily r f (�°urticrvallc 1i°('3p"(.:.5ents Peer (rl"mq) A ven.2E e People i)_ f bt�rQirlt ��. -15-