1 financial indicator graphs for the year ended december 31, 2009 prepared by financial advisory...
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1
Financial Indicator Graphs
for the Year Ended December 31, 2009
Prepared by Financial Advisory ServicesLocal Government Services Division
Municipal Affairs
2
2009 Financial Indicator Graphs
The financial indicator graphs have been revised this year to reflect the significant changes in the presentation of the annual audited financial statements and the financial information return. Some indicators from previous years have been dropped or revised because the data set is no longer valid. Some new indicators have been added with data that is only available for 2009.
The indicators are 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.
Comparison groups are shown on the last two slides and are arranged by population and by equalized assessment per capita.
Other points to note are:
1. The range for most of the graphs is 2004 to 2009.
2. Equalized assessment is shown for the period 2005 to 2010.
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, 2009 reporting date.
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Financial Indicator Graphs include:
Equalized Tax Rates –Municipal/Residential/Non-ResidentialEqualized Assessment Per Capita (urban only)Equalized Assessment Per Km of Roads (rural only)Non-residential Equalized Assessment as % of Total Tax Collection RateDebt & Debt Service as % of the LimitsLong Term Debt Per CapitaMajor Revenue Sources As % of Total Revenue (2009 only) :
Municipal Property TaxSales & User ChargesProvincial & Federal Grants
Broad Function Expenses Per Capita (2009 only)General GovernmentProtective Services TransportationEnvironmental ProtectionRecreationTotal
Per Capita Expenses by Major Type:Salaries, Wages & BenefitsContracted & General ServicesMaterials, Goods, Supplies & UtilitiesBank Charges & InterestAmortization (2009 only)
Net Book Value As % of Total Capital Property Cost (2009 only)Accumulated Surplus Categories, As %, End of Year (2009 only)Ratio of Current Assets to Current Liabilities
4
Municipal Equalized Tax Rate
32.0
16.3 16.2 15.416.4
13.012.1
26.3
8.8
14.2 13.8 14.0 13.7
10.5
8.5
2.5
0
5
10
15
20
25
30
35
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
Note : Municipal Equalized Tax Rate is calculated based on total equalized assessment and net municipal property tax.
02274-F03-0218
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Residential Equalized Tax Rate
35.1
19.818.9
17.618.8
14.6
10.2
27.1
13.2
18.8 18.1 18.016.7
10.99.5
4.1
0
5
10
15
20
25
30
35
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
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
43.6
33.3 33.031.4 31.1
25.5
37.9 37.9
14.8
23.3 22.921.0 21.5 20.8
17.9
0.80
5
10
15
20
25
30
35
40
45
50
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
Note : Non-Residential Equalized Tax Rate is calculated based on gross non-residential property taxes and non-residential equalized assessment.
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Equalized Assessment Per Capita (in thousands)
83
39 41 43 4457
71
211
23
37 39 4348
66
85
44
0
50
100
150
200
2005 GroupMaximumMinimum
2005 2006 2007 2008 2009 2010 2010 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
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
53
25 24 23 24
2017
39
7
25 25 24 24
1917
5
0
10
20
30
40
50
2005 GroupMaximumMinimum
2005 2006 2007 2008 2009 2010 2010 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
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Tax Collection Rate
98.8
94.5 94.695.5 94.9
96.3
94.6
97.4
88.8
94.695.3 95.5 95.5
96.294.6
74.4
72
77
82
87
92
97
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
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.
10
Percent of Debt Limit Used
60
2432 28
20
164
0
19 19 15 1320 18
0
1615
-50
0
50
100
150
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
Note : This graph shows, in percentage terms, the municipality's debt as a percentage of the regulated limit. This is compared to the median for the group of similar municipalities.
11
Percent of Debt Service Limit Used
101
36 24 30 30 28 27
550
020 24 22 16 21 23
0
-100
0
100
200
300
400
500
600
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
Note: This graph shows, in percentage terms, the municipality's current debt servicing requirement relative to the regulated limit. This is compared to the median for the group of similar municipalities.
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Long Term Debt Per Capita
964
538
724 656555
2,522
0
248
489 492415
555 506
0
449355
-400
100
600
1,100
1,600
2,100
2,600
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
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Net Municipal Property Taxes Per Capita
1,232
630 659 661723
854
1,486
337
567 591659
713754
835
215
739
0
200
400
600
800
1,000
1,200
1,400
1,600
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
14
Sales and User Charges Per Capita
2,501
416 459 452576 591
470
1,854
172
422 459
750
888 847
718
197
0
500
1,000
1,500
2,000
2,500
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
15
Provincial and Federal Grants Per Capita
1,177976
673
1,261
4,737
37206
303 321 365
824 737
328399535 455
-500
500
1,500
2,500
3,500
4,500
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
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Major Revenue Sources As % of Total Revenue, 2009
39
21 21
31
26 25
65
46
75
0
10
20
30
40
50
60
70
80
Net Municipal Property Tax Sales and User Charges Grants
MILK RIVER Group Median Group Maximum
17
Broad Function Expenses Per Capita, 2009
392
136
310 366
166
2,049
444
125
466 510
281
2,115
906
345
587
829
1,339
4,014
0
500
1000
1500
2000
2500
3000
3500
4000
General Government Protective Services Transportation Environment Recreation and Culture Total Expense
MILK RIVER Group Median Group Maximum
18
Per Capita Expenses - Salaries, Wages and Benefits
604
507
577612
671 669
524
963
257
376396
417
472
536 549
323
0
200
400
600
800
1,000
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
19
Per Capita Expenses - Contracted and General Services
596
283 281 274329 354
425
1,848
184
283
392451 484
539 538
384
0
500
1,000
1,500
2,000
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
20
Per Capita Expenses - Materials, Goods, Supplies and Utilities
910
260 242214
261308 330
1,000
159
295264 282
340310
399
186
-20
180
380
580
780
980
1,180
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
21
Per Capita Expenses - Bank Charges and Interest
78
3441
2722
29
119
0
2227
25 2329 29
0
18
-20
0
20
40
60
80
100
120
140
2004 GroupMaximumMinimum
2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum
MILK RIVER Median (Population 761 to 931 - Urban)
22
Per Capita Expenses - Amortization, 2009
425
280
817
0
100
200
300
400
500
600
700
800
900
1000
MILK RIVER Group Median Group Maximum
23
Net Book Value As % of Total Capital Property Cost, 2009
38
60
100
0
20
40
60
80
100
MILK RIVER Group Median Group Maximum
24
Accumulated Surplus Categories As % of Total - End of Year, 2009
5
17
78
48
84
16
29
97
0
20
40
60
80
100
Unrestricted Restricted Equity in TCA
MILK RIVER Group Median Group Maximum
$1,150,093
5.0
$228,146
$1,321,215
15.8
$83,462
$1,667,157
11.1
$149,761
$1,374,804
10.1
$135,825
$1,359,412
6.6
$206,721
$1,322,342
6.1
$216,271
2004 2005 2006 2007 2008 2009
Ratio of Current Assets To Current Liabilities
Current Assets ($) 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.
MILK_RIVER
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Group Equalized Assessment Per Capita
44,293
58,736
65,725
67,388
68,733
70,740
70,846
80,630
82,633
84,575
84,681
88,133
102,340
103,639
110,831
120,873
123,957
138,065
211,421
0 50,000 100,000 150,000 200,000 250,000
MCLENNAN
MANNVILLE
CASTOR
HYTHE
FORESTBURG
MILK RIVER
BASHAW
KITSCOTY
SEDGEWICK
NOBLEFORD
HARDISTY
DAYSLAND
DELBURNE
BOYLE
MUNDARE
ALIX
ONOWAY
BEISEKER
ALBERTA BEACH
27
Group Population
761
761
765
808
818
821
823
824
837
846
851
868
875
877
884
891
895
918
931
0 100 200 300 400 500 600 700 800 900 1,000
HARDISTY
MANNVILLE
DELBURNE
KITSCOTY
DAYSLAND
HYTHE
MUNDARE
MCLENNAN
BEISEKER
MILK RIVER
ALIX
BASHAW
ONOWAY
NOBLEFORD
ALBERTA BEACH
SEDGEWICK
FORESTBURG
BOYLE
CASTOR