25LINKBUDGET(FULL) - Flipbook - Page 277
Financial Scorecard
2023
$
$
2023
15,781,507.00
40,444,905.00
$
$
2022
19,684,574.00
36,647,253.00
Total Assets
$
56,226,412.00
$
56,331,827.00
20.02%
Deferred Outflows
$
708,563.00
$
1,940,326.00
10.43%
18.73%
Long-term Liabilities
Other Liabilities
Total Liabilities
$
$
$
26,402,985.00
3,435,994.00
29,838,979.00
$
$
$
26,788,431.00
4,141,036.00
30,929,467.00
0.31
0.40
Deferred Inflows
$
2,339,518.00
$
4,819,921.00
Net Position:
Net Investment in Capital Asse
Restricted
Unrestricted (Deficit)
Total Net Position
$ 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
$
$
$
7,864,635.00
2,049,079.00
-
$
$
$
7,798,530.00
1,800,613.00
-
$
$
$
$
$
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
2,043,696.00
5,886,661.00
4,797,256.00
1,327,694.00
205,222.00
4,922,359.00
19,182,888.00
$
$
$
$
$
$
$
$
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
2,233,713.00
$
3,784,098.00
Liquidity Ratios
Current Ratio
2022
4.59
4.75
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
4.53
4.70
This ratio provides a more stringent measure of liquidity by excluding inventory.
Profitability Ratios
Operating Margin
11.84%
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
12.36
10.29
This ratio measures the city's ability to meet its debt obligations.
Revenue Efficiency
Revenue Growth Rate
6.02%
3.09%
Indicates the growth in revenue compared to the previous year.
Tax Collection Efficiency
98.18%
98.57%
16.86%
-4.60%
Reflects the effectiveness of tax collection.
Expenditure Control
Expenditure Growth Rate
Tracks how fast expenditures are growing compared to revenue.
Operating Efficiency
89.57%
81.27%
Shows the proportion of revenue that is being consumed by expenditures.
Capital Efficiency
Capital Expenditure to Total Expend
13.42%
15.71%
Indicates how much of the city’s expenditures are being invested in capital projects.
Return on Investment
Return on Assets (ROA)
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 Deby $
Water and Sewer
$
Total Expenses
$
Change in Net Position
$
