RubinBrown Public Sector Municipal Stats 2018

Financial Ratio Study for State of Tennessee Municipalities Fiscal Years Ending in 2017

◀ More Favorable

Less Favorable ▶

2016 Median

2015 Median

Q1 Quartile

Breakpoint Q2 Median Q3 Quartile

Breakpoint Q4 2017 Median

GOVERNMENT-WIDE RATIOS General Ratios Change in net position as a % of prior year net position

14.0%

8.2%

3.4%

8.2%

8.4%

8.0%

Revenue coverage ratio (times)

1.26

1.10

1.05

1.10

1.13

1.09

Accumulated depreciation as a % of depreciable capital assets

36.5%

51.1%

58.1%

51.1%

50.1%

46.2%

Liquidity Ratio Liquidity ratio (times)

2.07

1.19

0.70

1.19

0.96

0.87

Debt Ratios Debt to assets leverage ratio

10.6%

18.9%

26.2%

18.9%

20.0%

22.0%

Total debt per capita ($ per citizen) Revenue Ratios Tax revenue per capita ($ per citizen)

$327.03

$778.88

$1,763.39

$778.88

$790.26

$891.79

$620.50

$834.37

$1,239.44

$834.37

$805.23

$831.00

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

11.6%

27.4%

39.8%

27.4%

27.9%

29.0%

Expense Ratios Total expense per capita ($ per citizen)

$785.26

$1,204.36

$2,400.12

$1,204.36 $1,158.92

$1,278.86

Total general government (administration) expense per capita ($ per citizen) Total public safety expense per capita ($ per citizen) Total interest expense per capita ($ per citizen) GOVERNMENTAL FUND RATIOS Expenditure Ratios Total debt service expenditures as a % of total revenue Capital outlay expenditures as a % of total expenditures GENERAL FUND RATIOS Financial Position Ratio Unrestricted fund balance (assigned and unassigned) as a % of total expenditures net of transfers

$91.13

$146.35

$215.91

$146.35

$149.90

$143.56

$330.41

$415.35

$472.42

$415.35

$402.96

$407.28

$9.68

$21.12

$54.59

$21.12

$20.82

$25.91

4.7%

6.6%

8.4%

6.6%

6.9%

6.9%

18.8%

12.6%

7.4%

12.6%

12.1%

10.3%

80.6%

42.7%

28.0%

42.7%

46.8%

35.7%

Revenue Ratios Operating margin

0.07

0.02

0.00

0.02

0.03

2.60

Intergovernmental revenue as a % of total revenue Transfers in as a % of total revenue and transfers in

11.5%

15.0%

18.1%

15.0%

15.7%

14.1%

0.00%

2.2%

5.3%

2.2%

2.4%

3.2%

*All numbers are listed as percent (%) unless otherwise noted

State of Tennessee

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