RubinBrown Public Sector Stats 2016

State of Tennessee

53,000 AVERAGE POPULATION

8.1% MEDIAN CHANGE IN NET POSITION

32 NUMBER OF

MUNICIPALITIES

unrestricted General Fund balance as % of expenditures (median – all cities)

As this is the first year that Tennessee municipalities are included in the survey, trend information is not available. However, the financial ratios generally demonstrate that many cities have very healthy financial positions and have experienced positive results of operations.

46.1%

ST. LOUIS

For instance, the median change in net position was 8.1% in 2015. This is much higher than the results in the other regions surveyed.

KANSAS CITY

40.3%

The median liquidity ratio was 0.92. This is below 1.0, which means many governments might find it difficult to continue to pay off current liabilities as they become due. The survey also shows that at the median general fund level of unrestricted fund balance as a percent of expenditures is 37.2%. This is above average and also above what the GFOA recommends at 2 months’ reserves or approximately 16.7%.

31.3%

DENVER

37.2%

TENNESSEE

30% 40% 50%

median Dollars Per capita

$1,221

$1,192

$1,250

$1,078

$1,020

$1,017

St. Louis Kansas City

$1,000

$879

$840

$829

$720

$750

$647

Denver

$480

Tennessee

$500

$354

$250

TAX REVENUE

EXPENSES

TOTAL DEBT

12 | RubinBrown Public Sector Stats 2016