1

Financial Indicator Graphs for the Year Ended December 31, 2008

Prepared by Financial Advisory ServicesLocal Government Services Division

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 2003 to 2008.

2. Equalized assessment is shown for the period 2004 to 2009.

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, 2008 reporting date.

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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)• Non-residential Equalized Assessment as % of Total• Tax Collection Rate• Debt & Debt Service as % of the Limits• Long Term Municipal Debt Per Capita• Municipal Debt Servicing as % 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

12.5

7.6 7.36.8 7.1

6.55.8

14.5

6.1

9.3 9.49.8 10.0 10.2

9.3

5.8

4

6

8

10

12

14

16

18

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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

0251

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Residential Equalized Tax Rate

15.6

12.311.7

10.810.0

8.9

7.0

13.5

9.4

13.512.9

12.411.6

11.1

9.0

5

7

9

11

13

15

17

19

21

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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

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Non-Residential Equalized Tax Rate

22.3

11.4 11.19.9 9.5 9.0

8.3

23.6

11.4

15.3 15.5 15.7 15.615.0 14.9

8.3

5

10

15

20

25

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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

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Total Equalized Assessment Per Capita (in thousands)

321

170 183214

234263

336

557

56

131 136 147168

209

272

115

0

100

200

300

400

500

600

2004 GroupMaximumMinimum

2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

Note : Equalized Assessment Per Capita approximates a municipality's ability to generate property tax revenue in comparison to similar municipalities.

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Non-Residential Equalized Assessment As % of Total

91

60 6064 64 62

91

33

60 6062 62

6562

30

64

0

10

20

30

40

50

60

70

80

90

2004 GroupMaximumMinimum

2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Equalized Assessment Per Km of Roads (in thousands)

1,177

598 642752

822956

1,221

1,913

145252 272 294 328

395507

232

-200

300

800

1,300

1,800

2,300

2004 GroupMaximumMinimum

2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 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.

10

Tax Collection Rate

99.6

98.098.6 98.9 99.1 99.4

94.3

97.898.2 98.4 98.6

95.8

97.598.4

98.1

98.7

90

92

94

96

98

100

102

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 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.

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Percent of Debt Limit Used

28

0 0 0 0 0 0

21

01 1

2 23

5

0

-5

0

5

10

15

20

25

30

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 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.

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Percent of Debt Service Limit Used

70

0 0 0 0 0 0

75

0 2 1 3 3 4 40

-10

0

10

20

30

40

50

60

70

80

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 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.

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Long Term Municipal Debt Per Capita

537

0 8 6 4 2 0

1,049

032 28

130 125 127 153

0

-100

100

300

500

700

900

1,100

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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

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Municipal Long Term Debt Servicing as a Percent of Total Revenue

6.0

0.2 0.0 0.1 0.1 0.1 0.0

4.9

0.00.3 0.4 0.5 0.3 0.3 0.6

0.0

-5

-3

-1

1

3

5

7

9

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 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.

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Net Municipal Property Taxes Per Capita

2,795

1,294 1,345 1,4631,655 1,721

1,951

5,981

1,234 1,3091,463

1,6551,831

2,154

911643

0

1,000

2,000

3,000

4,000

5,000

6,000

2003Group

MaximumMinimum

2003 2004 2005 2006 2007 2008 2008Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Sales and User Charges Per Capita

250

110 109 115

148129

159

583

28

101 109133

152

211192

64

0

100

200

300

400

500

600

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Provincial and Federal Operating Grants Per Capita

752

180134

77 102 117 128

1,467

129

266

384449 449 463

623

128

0

200

400

600

800

1,000

1,200

1,400

1,600

2003Group

MaximumMinimum

2003 2004 2005 2006 2007 2008 2008Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Net Municipal Property Taxes As % of Total Operating Revenue

82

7073

7779

76

85

51

7270

6668

7169

53

69

20

30

40

50

60

70

80

90

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Sales and User Charges As % of Total Operating Revenue

18

6 6 6

76 6

17

1

56 6 6 6

5

1

0

2

4

6

8

10

12

14

16

18

20

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Provincial and Federal Operating Grants As % of Total Operating Revenue

33

10

7

4 5 5 5

26

7

1516

2020

18

20

5

0

5

10

15

20

25

30

35

40

45

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Total Operating Expenditures Per Capita

3,532

1,6631,442

1,898 1,843

5,338

887

1,7731,906

2,120

2,898

1,419

2,257

3,665

2,368

2,062

0

1,000

2,000

3,000

4,000

5,000

2003Group

MaximumMinimum

2003 2004 2005 2006 2007 2008 2008Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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General Government Operating Expenditures Per Capita

663

234 243284 302

336 352

841

140

261 263284 291

359385

187

0

100

200

300

400

500

600

700

800

900

1,000

2003Group

MaximumMinimum

2003 2004 2005 2006 2007 2008 2008Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Protective Services Operating Expenditures Per Capita

278

46 54 53 5574 69

506

4670 75 86 95

114143

66

-200

-100

0

100

200

300

400

500

600

2003Group

MaximumMinimum

2003 2004 2005 2006 2007 2008 2008Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Transportation Operating Expenditures Per Capita

1,049

778

1,119960

4,216

384

1,1361,309 1,346

1,1881,363

1,605

679

2,409

2,734

1,500

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2003Group

MaximumMinimum

2003 2004 2005 2006 2007 2008 2008Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Roads Operating Expenditures Per Km

3,619 3,619

2,677

5,203

3,8533,380

9,560

1,097

2,326 2,410 2,4252,887 3,013

3,618

1,787

9,560

0

2,000

4,000

6,000

8,000

10,000

2003Group

MaximumMinimum

2003 2004 2005 2006 2007 2008 2008Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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

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Environmental Protection Operating Expenditures Per Capita

299

100 81125 110 136 145

1,038

8

100 81 102 113138 136

7

-200

0

200

400

600

800

1,000

1,200

2003Group

MaximumMinimum

2003 2004 2005 2006 2007 2008 2008Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Recreation Operating Expenditures Per Capita

120

62

91 90100

124

137

204

6

6055 58

85 83

100

11

0

50

100

150

200

250

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Per Capita Operating Expenditures - Salaries, Wages and Benefits

853

587 610

711 730

1,423

338

503569

654

729793

935

513

802731

0

200

400

600

800

1,000

1,200

1,400

1,600

2003Group

MaximumMinimum

2003 2004 2005 2006 2007 2008 2008Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Per Capita Operating Expenditures - Contracted and General Services

2,476

468608 549

2,274

2,790

172

592 562

715608 591

860

295

988

0-200

300

800

1,300

1,800

2,300

2,800

2003Group

MaximumMinimum

2003 2004 2005 2006 2007 2008 2008Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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

1,045

270360 353 330 333

2,348

172

395 397 393 431

590 576

202

447

-500

0

500

1,000

1,500

2,000

2,500

2003Group

MaximumMinimum

2003 2004 2005 2006 2007 2008 2008Group

MaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

31

Per Capita Operating Expenditures - Bank Charges and Interest

35

1 02

1 0 0

51

-1

45 5

3 4 5

0

-5

5

15

25

35

45

55

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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Long Term Liquidity Per Capita

6,108

2,873 3,191 3,388 3,520 3,671 3,686

8,330

-556

1,875 1,901 1,858 2,075 2,2451,912

-165

-2,000

0

2,000

4,000

6,000

8,000

10,000

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 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.

Long Term Liquidity (in thousands)

16,933

9,187 10,202 10,831 11,256 12,148 12,197

29,622

8,5237,399

8,817 9,465 10,0258,000

-1,705

-5,528-6,000

-1,000

4,000

9,000

14,000

19,000

24,000

29,000

34,000

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 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.

34

Reserves Per Capita

6,087

2,8733,199

3,629 3,835 4,012 4,128

7,635

41

1,664 1,700 1,660 1,842 1,947 2,018

101

-2,000

0

2,000

4,000

6,000

8,000

10,000

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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

35

Total Reserves (in thousands)

16,873

9,18610,226

11,603 12,26213,277 13,661

27,149

249

8,671 8,461 8,406 8,616

10,41111,453

600

-2,000

3,000

8,000

13,000

18,000

23,000

28,000

2003 GroupMaximumMinimum

2003 2004 2005 2006 2007 2008 2008 GroupMaximumMinimum

M.D. OF PINCHER CREEK Median (Eq. Assessment between $675 and $1,536 Million - Rural)

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

36

$2,388,902

6.4

$375,981

$3,314,173

4.1

$802,698

$3,730,214

3.8

$988,079

$3,862,410

3.6

$1,064,608

$4,601,960

4.1

$1,121,572

$4,719,995

2.7

$1,722,593

2003 2004 2005 2006 2007 2008

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

37

Group's Per Km of Roads Equalized Assessment

231,634

346,520

361,451

374,964

383,678

394,159

418,509

440,797

453,906

507,249

510,325

547,468

548,772

620,408

669,624

704,351

1,220,777

1,242,070

1,913,171

0 500,000 1,000,000 1,500,000 2,000,000 2,500,000

COUNTY OF FORTY MILE

LAMONT COUNTY

WESTLOCK COUNTY

BEAVER COUNTY

COUNTY OF PAINTEARTH

FLAGSTAFF COUNTY

STARLAND COUNTY

VULCAN COUNTY

M.D. OF WILLOW CREEK

CAMROSE COUNTY

COUNTY OF STETTLER

COUNTY OF ST. PAUL

CLEAR HILLS COUNTY

COUNTY OF ATHABASCA

M.D. OF NORTHERN LIGHTS

COUNTY OF LETHBRIDGE

M.D. OF PINCHER CREEK

NORTHERN SUNRISE COUNTY

M.D. OF LESSER SLAVE RIVER

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Group's Total Equalized Assessment

674,519,290

723,880,868

733,763,681

791,217,026

907,014,576

982,706,084

1,026,202,966

1,027,739,245

1,110,813,457

1,112,127,550

1,165,766,608

1,176,564,836

1,292,471,615

1,293,043,555

1,335,393,599

1,417,173,723

1,424,198,100

1,483,031,834

1,536,129,020

0 200,000,000

400,000,000

600,000,000

800,000,000

1,000,000,000

1,200,000,000

1,400,000,000

1,600,000,000

1,800,000,000

COUNTY OF FORTY MILE

LAMONT COUNTY

STARLAND COUNTY

WESTLOCK COUNTY

COUNTY OF PAINTEARTH

BEAVER COUNTY

CLEAR HILLS COUNTY

M.D. OF WILLOW CREEK

COUNTY OF ST. PAUL

M.D. OF PINCHER CREEK

VULCAN COUNTY

FLAGSTAFF COUNTY

CAMROSE COUNTY

M.D. OF NORTHERN LIGHTS

M.D. OF LESSER SLAVE RIVER

COUNTY OF STETTLER

COUNTY OF LETHBRIDGE

NORTHERN SUNRISE COUNTY

COUNTY OF ATHABASCA

39

Group's Population

2,126

2,371

2,664

2,820

3,293

3,309

3,414

3,506

3,556

3,830

3,925

5,216

5,337

5,676

5,925

6,910

7,577

7,592

10,302

0 2,000 4,000 6,000 8,000 10,000 12,000

COUNTY OF PAINTEARTH

STARLAND COUNTY

NORTHERN SUNRISE COUNTY

M.D. OF LESSER SLAVE RIVER

CLEAR HILLS COUNTY

M.D. OF PINCHER CREEK

COUNTY OF FORTY MILE

FLAGSTAFF COUNTY

M.D. OF NORTHERN LIGHTS

VULCAN COUNTY

LAMONT COUNTY

COUNTY OF STETTLER

M.D. OF WILLOW CREEK

BEAVER COUNTY

COUNTY OF ST. PAUL

WESTLOCK COUNTY

CAMROSE COUNTY

COUNTY OF ATHABASCA

COUNTY OF LETHBRIDGE