RubinBrown Public Sector Stats 2015
St. Louis Metropolitan Area
41 NUMBER OF
22,000 AVERAGE POPULATION
0.4% AVERAGE CHANGE IN NET POSITION
MUNICIPALITIES
Unrestricted General Fund Balance as a % of Revenue (average – all cities)
The 2014 results for the St. Louis area reflect a slowing down of the economic recovery. The average change in net position for St. Louis municipalities increased only 0.4% compared to an increase of 3.2% in 2013. Furthermore, 9 of the 41 St. Louis municipalities (or 22%) reported a decrease in government-wide net position in 2014, as compared with 19% in 2013. The cause of the change in net position is evident when average revenue per capita and average expenses per capita are examined. As indicated in the chart below, revenue per capita for St. Louis municipalities remained flat in 2014 while expenses increased 3.3%. Another important indicator is how much debt the region is taking on. Long-term debt per capita in the St. Louis region (which excludes pension and other non-bonded debt) rose in 2014. Finally, the most scrutinized ratio is the general fund’s unrestricted fund balance as compared to revenues. Excluding 2010, this has remained relatively flat over the past 5 years at a healthy 59.0%.
36.2%
50.0%
2010
30.9%
58.1%
2011
35.7%
59.2%
2012
32.5%
60.1%
2013
35.6%
59.0%
2014
50.0% 55.0% 60.0%
Average Dollars Per Capita
$1,500
$1,349
$1,301
$1,296
$1,197
$1,159
$1,075
Tax Revenue Expenses Total Debt
$1,164
$1,147
$1,130
$1,094
$1,000
$963
$928
$928
$924
$853
$500
2010
2011
2012
2013
2014
8 | RubinBrown Public Sector Stats 2015
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