1 financial indicator graphs for the year ended december 31, 2008 prepared by financial advisory...
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Financial Indicator Graphs for the Year Ended December 31, 2008
Prepared by Financial Advisory ServicesLocal Government Services Division
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Introduction The financial indicator graphs have been prepared by Alberta Municipal Affairs using municipal financial and statistical data. The package is intended to serve as a tool that may assist council and administration with operational decisions. The comparative measures may be useful in assessing past performance and for budget planning. Each municipality is compared to a group of similar sized urban municipalities, or to rural municipalities with similar tax base. The comparison group is shown on the last slide.
Financial Advisory Services can provide assistance in interpreting this information and can prepare custom indicator graphs upon request for other comparative groups, e.g. comparisons with only larger municipalities.
Other points to note are:
1. The range for most of the graphs is 2003 to 2008.
2. Equalized assessment is shown for the period 2004 to 2009.
3. Caution should be used when interpreting results as each municipality has unique characteristics affecting how it compares to the group. In addition, circumstances may have changed since the December 31, 2008 reporting date.
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Financial Indicator Graphs included:
• Equalized Tax Rates – Net Municipal/Residential/Non-Residential
• Equalized Assessment Per Capita (urban only)• Equalized Assessment Per Km of Roads (rural only)• Non-residential Equalized Assessment as % of Total• Tax Collection Rate• Debt & Debt Service as % of the Limits• Long Term Municipal Debt Per Capita• Municipal Debt Servicing as % of Total Revenue• Major Revenue Sources Per Capita/as % of Total Operating
Revenue :• Net Municipal Property Tax• Sales & User Charges• Provincial and Federal Grants
• Per Capita Operating Expenditures by Broad Function Category:• Total• General Government• Protective Services • Transportation• Environmental Protection• Recreation
• Roads Operating Expenditures Per Km (rural only)• Per Capita Expenditures by Major Type:
• Salaries, Wages & Benefits• Contracted & General Services• Materials, Goods, Supplies & Utilities• Bank Charges & Interest
• Long Term Liquidity/Long Term Liquidity Per Capita• Reserves/Reserves Per Capita• Ratio of Current Assets to Current Liabilities
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Net Municipal Equalized Tax Rate
12.5
7.6 7.36.8 7.1
6.55.8
14.5
6.1
9.3 9.49.8 10.0 10.2
9.3
5.8
4
6
8
10
12
14
16
18
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note : Municipal Equalized Tax Rate is calculated based on total equalized assessment and net municipal property tax.
0251
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Residential Equalized Tax Rate
15.6
12.311.7
10.810.0
8.9
7.0
13.5
9.4
13.512.9
12.411.6
11.1
9.0
5
7
9
11
13
15
17
19
21
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note : Residential Equalized Tax Rate is calculated based on gross residential property taxes and residential equalized assessment.
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Non-Residential Equalized Tax Rate
22.3
11.4 11.19.9 9.5 9.0
8.3
23.6
11.4
15.3 15.5 15.7 15.615.0 14.9
8.3
5
10
15
20
25
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note : Non-Residential Equalized Tax Rate is calculated based on gross non-residential property taxes and non-residential equalized assessment.
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Total Equalized Assessment Per Capita (in thousands)
321
170 183214
234263
336
557
56
131 136 147168
209
272
115
0
100
200
300
400
500
600
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note : Equalized Assessment Per Capita approximates a municipality's ability to generate property tax revenue in comparison to similar municipalities.
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Non-Residential Equalized Assessment As % of Total
91
60 6064 64 62
91
33
60 6062 62
6562
30
64
0
10
20
30
40
50
60
70
80
90
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
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Equalized Assessment Per Km of Roads (in thousands)
1,177
598 642752
822956
1,221
1,913
145252 272 294 328
395507
232
-200
300
800
1,300
1,800
2,300
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note : Equalized Assessment Per Km of Roads approximates a municipality's ability to generate property tax revenue relative to the number of kilometers of open roads maintained compared to the average.
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Tax Collection Rate
99.6
98.098.6 98.9 99.1 99.4
94.3
97.898.2 98.4 98.6
95.8
97.598.4
98.1
98.7
90
92
94
96
98
100
102
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note : This indicator reflects the percentage of taxes and grants in place of taxes which are collected by the municipality in the year in which they are levied.
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Percent of Debt Limit Used
28
0 0 0 0 0 0
21
01 1
2 23
5
0
-5
0
5
10
15
20
25
30
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note : This graph shows, in percentage terms, the municipality's debt (municipal and excluded functions) as a percentage of the regulated limit. This is compared to the median for the group of similar municipalities.
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Percent of Debt Service Limit Used
70
0 0 0 0 0 0
75
0 2 1 3 3 4 40
-10
0
10
20
30
40
50
60
70
80
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note: This graph shows, in percentage terms, the municipality's current debt servicing requirement (municipal and excluded functions) relative to the regulated limit. This is compared to the median for the group of similar municipalities.
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Long Term Municipal Debt Per Capita
537
0 8 6 4 2 0
1,049
032 28
130 125 127 153
0
-100
100
300
500
700
900
1,100
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note : Long term debt associated with excluded functions (gas and/or electricity) is not included.
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Municipal Long Term Debt Servicing as a Percent of Total Revenue
6.0
0.2 0.0 0.1 0.1 0.1 0.0
4.9
0.00.3 0.4 0.5 0.3 0.3 0.6
0.0
-5
-3
-1
1
3
5
7
9
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note: The calculation represents the percentage of total (operating and capital) municipal revenue that was required to meet long term debt obligations (municipal only) throughout the year.
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Net Municipal Property Taxes Per Capita
2,795
1,294 1,345 1,4631,655 1,721
1,951
5,981
1,234 1,3091,463
1,6551,831
2,154
911643
0
1,000
2,000
3,000
4,000
5,000
6,000
2003Group
MaximumMinimum
2003 2004 2005 2006 2007 2008 2008Group
MaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
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Sales and User Charges Per Capita
250
110 109 115
148129
159
583
28
101 109133
152
211192
64
0
100
200
300
400
500
600
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
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Provincial and Federal Operating Grants Per Capita
752
180134
77 102 117 128
1,467
129
266
384449 449 463
623
128
0
200
400
600
800
1,000
1,200
1,400
1,600
2003Group
MaximumMinimum
2003 2004 2005 2006 2007 2008 2008Group
MaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
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Net Municipal Property Taxes As % of Total Operating Revenue
82
7073
7779
76
85
51
7270
6668
7169
53
69
20
30
40
50
60
70
80
90
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
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Sales and User Charges As % of Total Operating Revenue
18
6 6 6
76 6
17
1
56 6 6 6
5
1
0
2
4
6
8
10
12
14
16
18
20
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
20
Provincial and Federal Operating Grants As % of Total Operating Revenue
33
10
7
4 5 5 5
26
7
1516
2020
18
20
5
0
5
10
15
20
25
30
35
40
45
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
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Total Operating Expenditures Per Capita
3,532
1,6631,442
1,898 1,843
5,338
887
1,7731,906
2,120
2,898
1,419
2,257
3,665
2,368
2,062
0
1,000
2,000
3,000
4,000
5,000
2003Group
MaximumMinimum
2003 2004 2005 2006 2007 2008 2008Group
MaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
22
General Government Operating Expenditures Per Capita
663
234 243284 302
336 352
841
140
261 263284 291
359385
187
0
100
200
300
400
500
600
700
800
900
1,000
2003Group
MaximumMinimum
2003 2004 2005 2006 2007 2008 2008Group
MaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
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Protective Services Operating Expenditures Per Capita
278
46 54 53 5574 69
506
4670 75 86 95
114143
66
-200
-100
0
100
200
300
400
500
600
2003Group
MaximumMinimum
2003 2004 2005 2006 2007 2008 2008Group
MaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
24
Transportation Operating Expenditures Per Capita
1,049
778
1,119960
4,216
384
1,1361,309 1,346
1,1881,363
1,605
679
2,409
2,734
1,500
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
2003Group
MaximumMinimum
2003 2004 2005 2006 2007 2008 2008Group
MaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
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Roads Operating Expenditures Per Km
3,619 3,619
2,677
5,203
3,8533,380
9,560
1,097
2,326 2,410 2,4252,887 3,013
3,618
1,787
9,560
0
2,000
4,000
6,000
8,000
10,000
2003Group
MaximumMinimum
2003 2004 2005 2006 2007 2008 2008Group
MaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note : Includes common and equipment pool, roads, streets, walks and lighting expenditures.
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Environmental Protection Operating Expenditures Per Capita
299
100 81125 110 136 145
1,038
8
100 81 102 113138 136
7
-200
0
200
400
600
800
1,000
1,200
2003Group
MaximumMinimum
2003 2004 2005 2006 2007 2008 2008Group
MaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
27
Recreation Operating Expenditures Per Capita
120
62
91 90100
124
137
204
6
6055 58
85 83
100
11
0
50
100
150
200
250
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
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Per Capita Operating Expenditures - Salaries, Wages and Benefits
853
587 610
711 730
1,423
338
503569
654
729793
935
513
802731
0
200
400
600
800
1,000
1,200
1,400
1,600
2003Group
MaximumMinimum
2003 2004 2005 2006 2007 2008 2008Group
MaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
29
Per Capita Operating Expenditures - Contracted and General Services
2,476
468608 549
2,274
2,790
172
592 562
715608 591
860
295
988
0-200
300
800
1,300
1,800
2,300
2,800
2003Group
MaximumMinimum
2003 2004 2005 2006 2007 2008 2008Group
MaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
30
Per Capita Operating Expenditures - Materials, Goods, Supplies and Utilities
1,045
270360 353 330 333
2,348
172
395 397 393 431
590 576
202
447
-500
0
500
1,000
1,500
2,000
2,500
2003Group
MaximumMinimum
2003 2004 2005 2006 2007 2008 2008Group
MaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
31
Per Capita Operating Expenditures - Bank Charges and Interest
35
1 02
1 0 0
51
-1
45 5
3 4 5
0
-5
5
15
25
35
45
55
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
32
Long Term Liquidity Per Capita
6,108
2,873 3,191 3,388 3,520 3,671 3,686
8,330
-556
1,875 1,901 1,858 2,075 2,2451,912
-165
-2,000
0
2,000
4,000
6,000
8,000
10,000
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note : Long term liquidity equals all financial assets less liabilities. A positive result indicates the assets remaining if all liabilities were paid in full. A negative result indicates liabilities to be paid with future revenues. Gas and electric functions are included where applicable.
Long Term Liquidity (in thousands)
16,933
9,187 10,202 10,831 11,256 12,148 12,197
29,622
8,5237,399
8,817 9,465 10,0258,000
-1,705
-5,528-6,000
-1,000
4,000
9,000
14,000
19,000
24,000
29,000
34,000
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note : Long term liquidity equals all financial assets less liabilities. A positive result indicates the assets remaining if all liabilities were paid in full. A negative result indicates liabilities to be paid with future revenues. Gas and electric functions are included where applicable.
34
Reserves Per Capita
6,087
2,8733,199
3,629 3,835 4,012 4,128
7,635
41
1,664 1,700 1,660 1,842 1,947 2,018
101
-2,000
0
2,000
4,000
6,000
8,000
10,000
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note : Municipal, gas and electric functions are included where applicable.
35
Total Reserves (in thousands)
16,873
9,18610,226
11,603 12,26213,277 13,661
27,149
249
8,671 8,461 8,406 8,616
10,41111,453
600
-2,000
3,000
8,000
13,000
18,000
23,000
28,000
2003 GroupMaximumMinimum
2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum
M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)
Note : Municipal, gas and electricity functions are included where applicable.
36
$2,388,902
6.4
$375,981
$3,314,173
4.1
$802,698
$3,730,214
3.8
$988,079
$3,862,410
3.6
$1,064,608
$4,601,960
4.1
$1,121,572
$4,719,995
2.7
$1,722,593
2003 2004 2005 2006 2007 2008
Ratio of Current Assets To Current Liabilities
Current Assets ($) Current Liabilities ($)
Note: The current ratio calculation measures ability to meet short-term obligations with existing liquid assets. "Current Assets" are those which are liquid in nature (cash or an asset which can be easily converted to cash). Inventory is excluded from the calculation. "Current Liabilities" are generally obligations coming due within the next fiscal year. The ratio is shown in the centre of the column. A ratio greater than one indicates the degree to which current assets exceed current liabilities; a ratio smaller than one indicates the degree to which current liabilities exceed current assets. A zero ( $0 ) result at the top of a column indicates that the municipality had only current assets and no current liabilities. Gas and electrical functions are included where applicable.
MD_OF_PINCHER_CREEK
37
Group's Per Km of Roads Equalized Assessment
231,634
346,520
361,451
374,964
383,678
394,159
418,509
440,797
453,906
507,249
510,325
547,468
548,772
620,408
669,624
704,351
1,220,777
1,242,070
1,913,171
0 500,000 1,000,000 1,500,000 2,000,000 2,500,000
COUNTY OF FORTY MILE
LAMONT COUNTY
WESTLOCK COUNTY
BEAVER COUNTY
COUNTY OF PAINTEARTH
FLAGSTAFF COUNTY
STARLAND COUNTY
VULCAN COUNTY
M.D. OF WILLOW CREEK
CAMROSE COUNTY
COUNTY OF STETTLER
COUNTY OF ST. PAUL
CLEAR HILLS COUNTY
COUNTY OF ATHABASCA
M.D. OF NORTHERN LIGHTS
COUNTY OF LETHBRIDGE
M.D. OF PINCHER CREEK
NORTHERN SUNRISE COUNTY
M.D. OF LESSER SLAVE RIVER
38
Group's Total Equalized Assessment
674,519,290
723,880,868
733,763,681
791,217,026
907,014,576
982,706,084
1,026,202,966
1,027,739,245
1,110,813,457
1,112,127,550
1,165,766,608
1,176,564,836
1,292,471,615
1,293,043,555
1,335,393,599
1,417,173,723
1,424,198,100
1,483,031,834
1,536,129,020
0 200,000,000
400,000,000
600,000,000
800,000,000
1,000,000,000
1,200,000,000
1,400,000,000
1,600,000,000
1,800,000,000
COUNTY OF FORTY MILE
LAMONT COUNTY
STARLAND COUNTY
WESTLOCK COUNTY
COUNTY OF PAINTEARTH
BEAVER COUNTY
CLEAR HILLS COUNTY
M.D. OF WILLOW CREEK
COUNTY OF ST. PAUL
M.D. OF PINCHER CREEK
VULCAN COUNTY
FLAGSTAFF COUNTY
CAMROSE COUNTY
M.D. OF NORTHERN LIGHTS
M.D. OF LESSER SLAVE RIVER
COUNTY OF STETTLER
COUNTY OF LETHBRIDGE
NORTHERN SUNRISE COUNTY
COUNTY OF ATHABASCA
39
Group's Population
2,126
2,371
2,664
2,820
3,293
3,309
3,414
3,506
3,556
3,830
3,925
5,216
5,337
5,676
5,925
6,910
7,577
7,592
10,302
0 2,000 4,000 6,000 8,000 10,000 12,000
COUNTY OF PAINTEARTH
STARLAND COUNTY
NORTHERN SUNRISE COUNTY
M.D. OF LESSER SLAVE RIVER
CLEAR HILLS COUNTY
M.D. OF PINCHER CREEK
COUNTY OF FORTY MILE
FLAGSTAFF COUNTY
M.D. OF NORTHERN LIGHTS
VULCAN COUNTY
LAMONT COUNTY
COUNTY OF STETTLER
M.D. OF WILLOW CREEK
BEAVER COUNTY
COUNTY OF ST. PAUL
WESTLOCK COUNTY
CAMROSE COUNTY
COUNTY OF ATHABASCA
COUNTY OF LETHBRIDGE