RubinBrown Public Sector Municipal Stats 2018

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DENVER METROPOLITAN AREA

32 NUMBER OF

83,000 AVERAGE POPULATION Unrestricted General Fund Balance as % of Expenditures (median – all cities)

5.5% MEDIAN CHANGE IN NET POSITION

MUNICIPALITIES

Municipalities surveyed in the Denver region over the past five years indicate co ditions c ntinu to improve and have been since 2013. Median tax revenue per capita for Denver municipalities rose 2.8% to $964 during the past year, as compared to $937 during 2016. Expense growth continues to out-pace revenues causing continued reliance on other sources of revenues. Long-term debt per capita in the Denver region (which excludes pension or other non-bonded debt) continues to increase due to increased debt activity in the region. This differs from St. Louis and Kansas City – possibly due to stronger population growth and increased capital activity. Finally, the median general fund unrestricted fund balance as compared to expenditures decreased significantly in 2017 as compared to the increase in 2016. Total expenditures plus net transfers out in the general fund increased 5.0% in 2017 and unrestricted fund balance for all cities decreased 2.0%.

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

33.1%

2013

33.5%

2014

31.3%

2015

35.5%

2016

28.2%

2017

25% 35% 40% 30%

Median Dollars Per Capita

$1,500

$1,297

$1,235

$1,192

$1,132

$1,100

$1,200

Tax Revenue Expenses Total Debt

$964

$937

$879

$860

$810

$900

$625

$515

$600

$442

$390

$354

$300