RubinBrown Public Sector Municipal Stats 2019

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DENVER METROPOLITAN AREA

32 NUMBER OF

83,000 AVERAGE POPULATION

6.9% MEDIAN CHANGE IN NET POSITION

MUNICIPALITIES

2017 Unrestricted General Fund Balance as % of Expenditures (median – all cities) The five-y ar results for the municipalities surveyed in the Denver region indi ate financial con i ion continue to improve and have been doing so since 2014. Median tax revenue per capita for Denver municipalities rose 3.7%, $1,000 during the past year, as compared to $964 in 2017. Expenses per capita continue to rise at a consistent level to tax revenues as well as continued increases in other sources of revenues since taxes only make approximately 66% of total revenues for the surveyed cities. Long term debt per capita in the Denver region (which excludes pension or other non-bonded debt) leveled off in 2018 as compared to continued increases the past four years. Total outstanding debt in 2018 had a minor increase from $1.841 billion in 2017 to $1.845 billion in 2018. However, the population increased approximately 1.5%, which effected the ratio. Finally, the median general fund unrestricted fund balance as compared to expenditures increased significantly, due to an increase in operating margin for the general fund of 5.4% compared to 2.8% in 2017. Unreserved fund balance increased 16%. 2016 2014 2015 2018

Unrestricted General Fund Balance as % of Expenditures (median – all cities)

33.5%

2014

31.3%

2015

35.5%

2016

28.2%

2017

37.5%

2018

25% 35% 40% 30%

Median Dollars Per Capita

$1,500

$1,342

$1,297

$1,235

$1,192

$1,132

$1,200

Tax Revenue Expenses Total Debt

$1,000

$964

$937

$879

$860

$900

$625

$596

$515

$600

$390

$354

$300