26BUDGET(FULL-LINKED) - Flipbook - Page 279
Financial Scorecard
2024
Liquidity Ratios
Current Ratio
2023
6.95
2022
4.59
4.75
$
$
2024
19,697,191.00
41,861,356.00
$
$
2023
15,781,507.00
40,444,905.00
$
$
2022
19,684,574.00
36,647,253.00
Total Assets
$
61,558,547.00
$
56,226,412.00
$
56,331,827.00
Current and Other Assets
Capital Assets
This ratio indicates the city's ability to cover its short-term liabilities with its short-term assets.
Quick Ratio
6.89
4.53
4.70
11.84%
20.02%
Deferred Outflows
$
734,638.00
$
708,563.00
$
1,940,326.00
27.71%
10.43%
18.73%
Long-term Liabilities
Other Liabilities
Total Liabilities
$
$
$
26,102,446.00
2,834,444.00
28,936,890.00
$
$
$
26,402,985.00
3,435,994.00
29,838,979.00
$
$
$
26,788,431.00
4,141,036.00
30,929,467.00
0.34
0.31
0.40
Deferred Inflows
$
2,293,404.00
$
2,339,518.00
$
4,819,921.00
12.36
10.29
Net Position:
Net Investment in Capital Assets
Restricted
Unrestricted (Deficit)
Total Net Position
$
$
$
$
40,828,194.00
5,963,945.00
(15,729,248.00)
31,062,891.00
$
$
$
$
33,669,982.00
5,376,178.00
(14,289,682.00)
24,756,478.00
$
$
$
$
30,264,855.00
4,832,599.00
(12,574,689.00)
22,522,765.00
$
$
$
8,167,452.00
2,377,792.00
50,000.00
$
$
$
7,864,635.00
2,049,079.00
-
$
$
$
7,798,530.00
1,800,613.00
-
$
$
$
$
$
10,343,734.00
1,159,781.00
174,194.00
487,671.00
22,760,624.00
$
$
$
$
$
9,815,585.00
1,170,941.00
192,933.00
323,428.00
21,416,601.00
$
$
$
$
$
9,257,319.00
1,119,978.00
203,432.00
19,774.00
20,199,646.00
1,284,484.00
4,986,577.00
3,562,703.00
1,128,927.00
231,699.00
392,904.00
4,828,254.00
16,415,548.00
3,784,098.00
This ratio provides a more stringent measure of liquidity by excluding inventory.
Profitability Ratios
Operating Margin
27.69%
Indicates how much of the revenue is left after covering operating expenses
Net Margin
Shows overall profitability after all expenses.
Debt Management
Debt to Equity Ratio
Assesses the proportion of debt used to finance the city’s assets relative to equity.
Interest Coverage Ratio
42.41
This ratio measures the city's ability to meet its debt obligations.
Revenue Efficiency
Revenue Growth Rate
6.28%
6.02%
3.09%
98.01%
98.18%
98.57%
-14.22%
16.86%
-4.60%
89.57%
81.27%
13.42%
15.71%
Indicates the growth in revenue compared to the previous year.
Tax Collection Efficiency
Reflects the effectiveness of tax collection.
Expenditure Control
Expenditure Growth Rate
Tracks how fast expenditures are growing compared to revenue.
Operating Efficiency
72.29%
Shows the proportion of revenue that is being consumed by expenditures.
Capital Efficiency
Capital Expenditure to Total Expendi
10.64%
Indicates how much of the city’s expenditures are being invested in capital projects.
Return on Investment
Return on Assets (ROA)
10.24%
3.97%
6.72%
Program Revenues
Charges for Services
Operting Grants & Contrib.
Capital Grants & Contrib.
General Revenues
Propterty Taxes
State Shared Revenues
Franchise Fees
Investment Earnings
Total Revenues
Measures how effectively the city is using its assets to excess (deficiency) of revenue.
Program Expenses:
General Government
Public Safety
Public Works
Recreation and Cultural
Other
Interest on Long-Term Debt
Water and Sewer
Total Expenses
$
$
$
$
1,627,951.00
4,796,190.00
3,288,728.00
1,628,733.00
$
$
$
$
2,043,696.00
5,886,661.00
4,797,256.00
1,327,694.00
$
$
$
148,617.00
4,963,992.00
16,454,211.00
$
$
$
205,222.00
4,922,359.00
19,182,888.00
$
$
$
$
$
$
$
$
Change in Net Position
$
6,306,413.00
$
2,233,713.00
$
