RubinBrown Public Sector Stats 2017

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DENVER METROPOLITAN AREA

32 NUMBER OF

82,000 AVERAGE POPULATION Unrestricted General Fund Balance as % of Expenditures (median – all cities)

5.2% MEDIAN CHANGE IN NET POSITION

MUNICIPALITIES

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

The past five y ars results for the municipalities surveyed in the Denver region indi ate conditions con inue to improve and have been doing so since 2012. The medi increase in net position, for Denver municipalities, has steadily grown to 5.2% in 2016 as compared to only 2.4% in 2012. Median tax revenue per capita for Denver municipalities was $936 during the past year, as compared to $879 in 2015. Revenue growth outpaced expense growth by a significant amount causing the large percentage increase in net position for 2016. Another important indicator is how much debt the region is taking on. Long- term debt per capita in the Denver region (which excludes pension or other non-bonded debt) reversed its trend and increased in 2016. Finally, the median general fund unrestricted fund balance as compared to expenditures remained relatively flat until 2016 when a significant increase occurred.

34.2%

2012

33.1%

2013

33.5%

2014

31.3%

2015

39.6%

2016

25% 35% 40% 30%

Median Dollars Per Capita

$1,225

$1,192

$1,250

$1,132

$1,103

$1,100

$936

$1,000

$879

$860

Tax Revenue Expenses Total Debt

$810

$783

$750

$511

$442

$500

$390

$354

$250