RubinBrown Public Sector Stats 2017

Financial Ratio Study for State of Tennessee Municipalities Fiscal Years Ending in 2016

◀ More Favorable

Less Favorable ▶

Quartile Breakpoint

Quartile Breakpoint

2016 Median

2015 Median

Q1

Q2 Median Q3

Q4

GOVERNMENT-WIDE RATIOS

General Ratios Change in net position as a percent of prior year net position (%)

14.0%

8.5%

4.7%

8.5%

8.1%

Revenue coverage ratio (times)

1.20

1.13

1.08

1.13

1.09

Accumulated depreciation as a percent of depreciable capital assets (%)

35.0%

48.0%

55.9%

48.0%

46.0%

Liquidity Ratio Liquidity ratio (times)

1.58

0.96

0.66

0.96

0.92

Debt Ratios Debt to assets leverage ratio (%)

10.6%

18.5%

27.3%

18.5%

21.6%

Total debt per capita ($ per citizen)

$347.72

$722.01

$1,724.25

$722.01

$720.25

Revenue Ratios Tax revenue per capita ($ per citizen)

$671.41

$800.89

$1,183.30

$800.89

$828.87

Total grants, contributions & other intergovernmental revenue as a percent of total revenue (%)

10.1%

24.0%

34.2%

24.0%

28.8%

Expense Ratios Total expense per capita ($ per citizen)

$765.65

$1,134.34

$2,147.00

$1,134.34

$1,221.18

Total general government (administration) expense per capita ($ per citizen)

$93.09

$149.24

$196.42

$149.24

$142.05

Total public safety expense per capita ($ per citizen)

$292.31

$393.96

$439.17

$393.96

$401.78

Total interest expense per capita ($ per citizen)

$9.84

$19.99

$50.31

$19.99

$24.01

GOVERNMENTAL FUND RATIOS

Expenditure Ratios Total debt service expenditures as a percent of total revenue (%)

4.5%

6.8%

8.6%

6.8%

6.8%

Capital outlay expenditures as a percent of total expenditures (%)

16.0%

12.3%

7.0%

12.3%

10.5%

GENERAL FUND RATIOS

Financial Position Ratio Unrestricted fund balance (assigned and unassigned) as a percent of total expenditures net of transfers (%)

72.8%

49.4%

27.7%

49.4%

37.2%

Revenue Ratios Operating margin (%)

9.2%

3.6%

1.4%

3.6%

2.7%

Intergovernmental revenue as a percent of total revenue (%)

12.5%

14.8%

19.4%

14.8%

13.6%

Transfers in as a percent of total revenue and transfers in (%)

0.00%

2.0%

5.0%

2.0%

2.2%

State of Tennessee

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