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tJ <br /> <br />Ratio Analysis <br />City of Elk River <br />March 13. 2008 <br />Page 19 <br /> The following captures a few ratios from the City's financial statements that give some additional information for trend and peer <br /> group analysis. The peer group average consists ofthe average of 14 cities of similar size and population. The majority of these <br /> ratios facilitate the use of economic resources focus and accrual basis of accounting at the government-wide level. A combinatio n <br /> of liquidity (ability to pay its most immediate obligations); solvency (ability to pay its long-term obligations), funding (compariso <br />of financial amounts and economic indicators to measure changes in financial capacity over time) and common-size (comparison n <br /> of financial data with other cities regardless of size) ratios are shov`~t below. Comparative data for the peer group is unavailable <br /> for 2007. <br /> Ratio Calculation S <br />r <br />2004 200y 2006 2 007 <br /> ou <br />ce <br /> Deht to assets 'I'ota] liabilities/total assets Govennnent-wide 19°/ 19% IS % <br />27'% 26'% 26 % 23 <br />I~'/r\ <br /> Debt service coverage Vet cash provided by operations/ Enterprise funds 226'% 392'% 226% 433% <br /> enterprise fund debt payments 210°~6 192°i~ 270 % NA <br /> Debt per capua Bmtded debt/population Government-wide $ 7,652 $ 1,477 ~ I,610 $ 2,193 <br /> 1.748 4 IJ93 s h2h.i AlA <br /> 'I~aaes per capita Tax revenues/population Government-wide $ 354 $ 351 $ 423 $ 46S <br /> S 3P6 5 345 S 393 \/.~ <br /> Capital assets %~leftm Net capital assets/ Government-wide 7?°/ 76°/ 75% 74'% <br /> depreciate -Governmental gross capital assets G7 % fi5 % 67°/ A/.4 <br /> Capital assets'% Ic1f to Net capitalassets/ Government-wide 72% 70 % 70% 68% <br /> depreciate -Business-type gross capital assets 64 % 64% 64 % M1lA <br />' Represents the City of Elk River <br /> Peer Graup. which enosists of: <br /> The City of Glaine <br />The City of Edina <br /> The Cily uF F,Ik River <br /> The City of Faribaulr <br /> The City oT Eridlcv <br /> The City of htver Grove Heights <br /> The Cily of'yixakxiu <br /> The City of Ylaple~wood <br /> 7'he City of Vcr+ c3 rip loon <br /> The City of Owatonna <br /> 37te Cih~ of Prior Lakc <br /> The City of Richfield <br />The Ciiy o£ tdoseville <br /> The CiTV of St. I:oois Park <br /> The increase in the debt ratios is due mainly due to the issuance of $1 Q000,000 of bonds related to the YMCA, along with other <br /> bonds issued. The YMCA will being paying 1 /3 ofthe debt payments related to the bonds issued. <br /> <br /> <br />esz.ass.eo~o i>ar~sz.ass.aw7 <br />.vw~,~.xe~„~~p:~r.r~~~,~ <br />