1

Financial Indicator Graphs for the Year Ended December 31, 2005

–

Prepared by Financial Advisory ServicesLocal Government Services Division

Alberta Municipal Affairs

2

Introduction

The financial indicator graphs have been prepared by Alberta Municipal Affairs using municipal financial and statistical data. The package is intended to serve as a tool that may assist council and administration with operational decisions. The comparative measures may be useful in assessing past performance and for budget planning. Each municipality is compared to a group of similar sized urban municipalities, or to rural municipalities with similar tax base. The comparison group is shown on the last slide.

Financial Advisory Services can provide assistance in interpreting this information and can prepare custom indicator graphs upon request for other comparative groups, e.g. comparisons with only larger municipalities.

Other points to note are:

1. The range for most of the graphs is 2000 to 2005.

2. Equalized assessment is shown for the period 2001 to 2006.

3. Caution should be used when interpreting results as each municipality has unique characteristics affecting how it compares to the group. In addition, circumstances may have changed since the December 31, 2005 reporting date.

3

Financial Indicator Graphs included:

•Equalized Tax Rates – Net Municipal/Residential/Non-Residential•Equalized Assessment Per Capita (urban only)•Equalized Assessment Per Km of Roads (rural only)•Tax Collection Rate•Debt & Debt Service as a % of the Limits•Long Term Municipal Debt Per Capita•Municipal Debt Servicing as a % of Total Revenue•Major Revenue Sources Per Capita/As % of Total Operating Revenue :

•Net Municipal Property Tax•Sales & User Charges•Provincial and Federal Grants

•Per Capita Operating Expenditures by Broad Function Category:

•Total•General Government•Protective Services •Transportation•Environmental Protection•Recreation

•Roads Operating Expenditures Per Km (rural only)•Per Capita Expenditures by Major Type:

•Salaries, Wages & Benefits•Contracted & General Services•Materials, Goods, Supplies & Utilities•Bank Charges & Interest

•Long Term Liquidity/Long Term Liquidity Per Capita•Reserves/Reserves Per Capita•Ratio of Current Assets to Current Liabilities

4

Net Municipal Equalized Tax Rate

15.1

7.3 7.5 7.3 7.6 7.36.8

15.2

5.4

9.3 9.3 9.3 9.4 9.59.8

4.24

6

8

10

12

14

16

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note : Municipal Equalized Tax Rate is calculated based on total equalized assessment and net municipal property tax.

5

Residential Equalized Tax Rate

19.6

12.3 12.1 11.9 12.311.7

10.8

16.3

10.1

14.5

13.6 13.5 13.512.9

12.4

6.6

5

7

9

11

13

15

17

19

21

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note : Residential Equalized Tax Rate is calculated based on gross residential property taxes and residential equalized assessment.

6

Non-Residential Equalized Tax Rate

30.5

13.0 12.3 11.7 11.4 11.19.9

22.8

9.4

16.915.6 15.3

16.2 15.716.3

8.0

5

10

15

20

25

30

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note : Non-Residential Equalized Tax Rate is calculated based on gross non-residential property taxes and non-residential equalized assessment.

7

Equalized Assessment Per Km of Roads (in thousands)

3,414.5

507.6 522.6 560.7 597.6 642.4 751.7

5,600.5

113 237 241 243 252 272 294 173

-1,000

0

1,000

2,000

3,000

4,000

5,000

6,000

2001 GroupMaximumMinimum

2001 2002 2003 2004 2005 2006 2006 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note : Equalized Assessment Per Km of Roads approximates a municipality's ability to generate property tax revenue relative to the number of kilometers of open roads maintained compared to the average.

8

Tax Collection Rate

99.1

97.8 98.297.5 97.5

98.098.6

99.4

94.3

97.698.1 98.0 97.6

98.1 98.2

91.0

85

87

89

91

93

95

97

99

101

103

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note : This indicator reflects the percentage of taxes and grants in place of taxes which are collected by the municipality in the year in which they are levied.

9

Percent of Debt Limit Used

11

0 0 0 0 0 0

28

0 1 0 1 01

2

00

5

10

15

20

25

30

35

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note : This graph shows, in percentage terms, the municipality's debt (municipal and excluded functions) as a percentage of the regulated limit. This is compared to the median for the group of similar municipalities.

10

Percent of Debt Service Limit Used

41

1 1 1 0 0 0

54

02 1 1 1 1 1 00

10

20

30

40

50

60

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note: This graph shows, in percentage terms, the municipality's current debt servicing requirement (municipal and excluded functions) relative to the regulated limit. This is compared to the median for the group of similar municipalities.

11

Long Term Municipal Debt Per Capita

440

9 6 3 0 8 6

1,008

0 19 6 15 841

131

00

200

400

600

800

1,000

1,200

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note : Long term debt associated with excluded functions (gas and/or electricity) is not included.

12

Municipal Long Term Debt Servicing as a Percent of Total Revenue

7.2

0.3 0.2 0.2 0.2 0.0 0.1

7.4

0.0

0.60.3 0.2 0.3 0.4 0.3

0.00

1

2

3

4

5

6

7

8

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note: The calculation represents the percentage of total (operating and capital) municipal revenue that was required to meet long term debt obligations (municipal only) throughout the year.

13

Net Municipal Property Taxes Per Capita

2,276

1,066 1,121 1,1681,294 1,345

1,463

3,726

558

1,0911,183

1,262 1,294 1,3451,498

807

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2000Group

MaximumMinimum

2000 2001 2002 2003 2004 2005 2005Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

14

Sales and User Charges Per Capita

236

99 96123 110 109 115

730

31

99 96 85 93109 119

28

-100

0

100

200

300

400

500

600

700

800

2000Group

MaximumMinimum

2000 2001 2002 2003 2004 2005 2005Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

15

Provincial and Federal Operating Grants Per Capita

1,776

206153 180 134

77

1,283

208

463

281 281 260 281

423

77

719

-200

300

800

1,300

1,800

2000Group

MaximumMinimum

2000 2001 2002 2003 2004 2005 2005Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

16

Net Municipal Property Taxes As % of Total Operating Revenue

69

49

65 6669 70

79

47

57

69 6972

70

66

55

73

20

30

40

50

60

70

80

90

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

17

Sales and User Charges As % of Total Operating Revenue

15

6

76 6 6

21

1

65 5

56 6

1

5

0

5

10

15

20

25

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

18

Provincial and Federal Operating Grants As % of Total Operating Revenue

46

33

12

9 107

4

32

11

27

16 1615 16

20

4

0

5

10

15

20

25

30

35

40

45

50

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

19

Total Operating Expenditures Per Capita

3,466

1,560 1,4261,645 1,663

1,442

5,862

793

1,708 1,600 1,6471,773

1,9062,120

1,096

2,257

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2000Group

MaximumMinimum

2000 2001 2002 2003 2004 2005 2005Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

20

General Government Operating Expenditures Per Capita

397

192230 230 234 243

284

706

108

203

243 255270 273

306

165

0

100

200

300

400

500

600

700

800

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

21

Protective Services Operating Expenditures Per Capita

220

26 26 25

4654 53

321

26

6170 71 72

8186

50

0

50

100

150

200

250

300

350

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

22

Transportation Operating Expenditures Per Capita

2,871

1,110 1,057

1,500

4,698

445

1,110

743

1,057 1,1361,287

570

1,049

743778

1,122

0

1,000

2,000

3,000

4,000

5,000

2000Group

MaximumMinimum

2000 2001 2002 2003 2004 2005 2005Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

23

Roads Operating Expenditures Per Km

6,129

3,865

2,607

3,709 3,681

2,730

5,263

1,035

1,901 2,076 2,246 2,336 2,323 2,435

1,362

8,104

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2000Group

MaximumMinimum

2000 2001 2002 2003 2004 2005 2005Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note : Includes common and equipment pool, roads, streets, walks and lighting expenditures.

24

Environmental Protection Operating Expenditures Per Capita

270

209

82100

81

125

645

11

4766 61

9076

97

4

47

-100

0

100

200

300

400

500

600

700

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

25

Recreation Operating Expenditures Per Capita

101

3339

62 62

91 90

122

6

32

40 42

52 5256

20

20

40

60

80

100

120

140

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

26

Per Capita Operating Expenditures - Salaries, Wages and Benefits

735

505550 566

587610

711

915

263

402424

490519

575

654

341

0

100

200

300

400

500

600

700

800

900

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

27

Per Capita Operating Expenditures - Contracted and General Services

2,896

717488 465

988

4,666

175

486 434 483592 560 569

2140

468

-500

500

1,500

2,500

3,500

4,500

2000Group

MaximumMinimum

2000 2001 2002 2003 2004 2005 2005Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

28

Per Capita Operating Expenditures - Materials, Goods, Supplies and Utilities

994

225262 270

360

1,091

142

274302

337

395 397 393

199

470 447

0

200

400

600

800

1,000

1,200

2000Group

MaximumMinimum

2000 2001 2002 2003 2004 2005 2005Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

29

Per Capita Operating Expenditures - Bank Charges and Interest

56

2 1 1 1 02

56

0

42 1 2

5 6

00

10

20

30

40

50

60

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

30

Long Term Liquidity Per Capita

4,769

2,349 2,497 2,707 2,8733,191 3,388

5,269

8

1,607 1,7682,070

2,3291,936 1,945

-326-700

300

1,300

2,300

3,300

4,300

5,300

6,300

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note : Long term liquidity equals all financial assets less liabilities. A positive result indicates the assets remaining if all liabilities were paid in full. A negative result indicates liabilities to be paid with future revenues. Gas and electric functions are included where applicable.

31

Reserves Per Capita

4,874

1,642 1,791 1,998

2,8733,199

3,629

5,345

12

1,642 1,7911,998

2,529 2,465 2,423

13

-1,000

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note : Municipal, gas and electric functions are included where applicable.

32

Long Term Liquidity (in thousands)

13,047

7,454 7,983 8,655 9,18710,202 10,831

13,959

53

6,1547,105

6,488 6,795 7,3508,225

-2,003-3,000

2,000

7,000

12,000

17,000

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note : Long term liquidity equals all financial assets less liabilities. A positive result indicates the assets remaining if all liabilities were paid in full. A negative result indicates liabilities to be paid with future revenues. Gas and electric functions are included where applicable.

Total Reserves (in thousands)

12,965

9,186

10,226

11,603

13,080

76

5,207

6,153 6,388

8,626

7,667 7,493

82

5,207 5,726

6,388

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

2000 GroupMaximumMinimum

2000 2001 2002 2003 2004 2005 2005 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $440 and $905 Million - Rural)

Note : Municipal, gas and electricity functions are included where applicable.

34

$2,857,696

6.4

$448,241

$2,919,938

5.0

$581,989

$3,173,035

7.5

$420,531

$2,388,902

6.4

$375,981

$3,314,173

4.1

$802,698

$3,730,214

3.8

$988,079

2000 2001 2002 2003 2004 2005

Ratio of Current Assets To Current Liabilities

Current Assets ($) Current Liabilities ($)

Note: The current ratio calculation measures ability to meet short-term obligations with existing liquid assets. "Current Assets" are those which are liquid in nature (cash or an asset which can be easily converted to cash). Inventory is excluded from the calculation. "Current Liabilities" are generally obligations coming due within the next fiscal year. The ratio is shown in the centre of the column. A ratio greater than one indicates the degree to which current assets exceed current liabilities; a ratio smaller than one indicates the degree to which current liabilities exceed current assets. A zero ( $0 ) result at the top of a column indicates that the municipality had only current assets and no current liabilities. Gas and electrical functions are included where applicable.

MD_OF_PINCHER_CREEK

35

Comparison Group (Total Equalized Assessment)

440,152,243

460,215,888

480,279,169

502,746,440

582,447,183

591,243,399

597,231,671

634,784,140

657,714,908

684,797,707

688,253,338

748,680,792

762,122,950

786,696,211

789,243,055

825,934,911

878,564,738

884,807,730

905,183,281

0 100,000,000

200,000,000

300,000,000

400,000,000

500,000,000

600,000,000

700,000,000

800,000,000

900,000,000

1,000,000,000

WESTLOCK COUNTY

COUNTY OF MINBURN

LAMONT COUNTY

COUNTY OF FORTY MILE

M.D. OF BIGHORN

M.D. OF WILLOW CREEK

BEAVER COUNTY

COUNTY OF PAINTEARTH

CLEAR HILLS COUNTY

M.D. OF PINCHER CREEK

COUNTY OF ST. PAUL

CAMROSE COUNTY

VULCAN COUNTY

LAC STE. ANNE COUNTY

COUNTY OF STETTLER

FLAGSTAFF COUNTY

NORTHERN SUNRISE COUNTY

M.D. OF LESSER SLAVE RIVER

M.D. OF NORTHERN LIGHTS