1 Financial Indicator Graphs for the Year Ended December 31, 2010 Prepared by Financial Advisory Services Local Government Services Division

1

Financial Indicator Graphs for the Year Ended December 31, 2010

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 2005 to 2010.

2. Equalized assessment is shown for the period 2006 to 2011.

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, 2010 reporting date.

3

Financial Indicator Graphs include:

•Equalized Tax Rates – 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 Debt Per Capita•Major Revenue Sources Per Capita •Major Revenue Sources As % of Total Revenue (only 2010)•Broad Function Expenses Per Capita (only 2010)•Per Capita Expenses by Major Type:

•Salaries, Wages & Benefits•Contracted & General Services•Materials, Goods, Supplies & Utilities•Bank Charges & Interest•Amortization (only 2009 & 2010)

•Net Book Value As % of Capital Costs (only 2009 & 2010)•Accumulated Surplus Categories, As % (only 2010)•Accumulated Surplus Categories, Per Capita (only 2010)•Ratio of Current Assets to Current Liabilities

4

Municipal Equalized Tax Rate

30.4

16.215.4

16.4

13.012.1

12.9

26.1

8.0

14.613.7 13.7

11.1

8.8 9.1

1.8

0

5

10

15

20

25

30

2005 GroupMaximumMinimum

2005 2006 2007 2008 2009 2010 2010 GroupMaximumMinimum

MILK RIVER Median (Population 741 to 931 - Urban)

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

02274-F03-0218

5

Residential Equalized Tax Rate

33.1

18.917.6

18.8

14.6

10.2 11.0

26.5

11.5

18.1 18.016.6

10.99.8 10.3

3.3

0

5

10

15

20

25

30

35




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

6

Non-Residential Equalized Tax Rate

42.2

33.031.4 31.1

25.5

37.9 38.4 38.4

14.3

22.921.0 21.5 20.8

17.9 18.8

1.40

5

10

15

20

25

30

35

40

45




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

7

Equalized Assessment Per Capita (in thousands)

100

41 43 4457

71 69

213

24

39 4348

66

85 84

43

0

50

100

150

200




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

8

Non-Residential Equalized Assessment As % of Total

53

24 23 24

2017 18

39

6

24 23 23

1817 18

5

0

10

20

30

40

50

60




9

Tax Collection Rate

99.1

94.695.5

94.9

96.3

94.6

97.2

88.4

96.0 96.1 96.0 96.3

94.794.2

85.8

95.1

84

86

88

90

92

94

96

98

100




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.

10

Percent of Debt Limit Used

80

3228

20

74

0

1915 13

20 18 19

0

111615

-20

0

20

40

60

80

100




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

11

Percent of Debt Service Limit Used

55

2430 30 28 27

139

0

24 2216

21 2318

0

12

-40

-20

0

20

40

60

80

100

120

140




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

12

Long Term Debt Per Capita

1,005

724656

555

2,018

0

533 547465

555 506 552

0

449337355

-400

100

600

1,100

1,600

2,100

2,600




13

Net Municipal Property Taxes Per Capita

1,137

659 661723

854 884

1,499

310

632659

713754

835 852

179

739

0

200

400

600

800

1,000

1,200

1,400

1,600




14

Sales and User Charges Per Capita

2,882

459 452576 591

470 421

1,975

158

459

750

888

634718 686

193

0

500

1,000

1,500

2,000

2,500

3,000




15

Provincial and Federal Grants Per Capita

1,420

673

1,261

938

2,620

71

303 321 365

799

605

790

122

399

535455

-500

0

500

1,000

1,500

2,000

2,500

3,000

3,500




16

Major Revenue Sources As % of Total Revenue, 2010

35

17

37

2724

31

47 46

62

0

10

20

30

40

50

60

70

Prop Tax Net Municipal Sales and User Charges Grants

MILK RIVER Group Median Group Maximum

17

Broad Function Expenses Per Capita, 2010

421

71

428309

161

1,835

427

105

454 448312

2,121

588

293

8951,063

2,573

5,351

0

1,000

2,000

3,000

4,000

5,000

6,000

General Government Protective Services Transportation Environment Recreation & Culture Total Expenses


18

Per Capita Expenses - Salaries, Wages and Benefits

668

577612

671 669

1,085

242

396 409442

526 532572

254

524 513

0

200

400

600

800

1,000

1,200




19

Per Capita Expenses - Contracted and General Services

649

281 274

329354

425450

960

185

390

451484

531513

479

294

0

200

400

600

800

1,000




20

Per Capita Expenses - Materials, Goods, Supplies and Utilities

1,198

242 214261

308 330 315

1,006

130

301 282

377415 423 436

203

-20

180

380

580

780

980

1,180

1,380




21

Per Capita Expenses - Bank Charges and Interest

74

2722

18

29

12

113

0

27 2724

29 29 28

0

41

-20

0

20

40

60

80

100

120




22

Per Capita Expenses - Amortization 2009, 2010

425 419

280321

817

955

0

200

400

600

800

1,000

1,200

2009 2010


23

Net Book Value As % of Total Capital Property Cost 2009, 2010

38 39

6063

100

83

0

20

40

60

80

100

2009 2010


24

5

16

79

57

85

16

22

100

0

20

40

60

80

100

120

Unrestricted Restricted Equity in TCA


Accumulated Surplus Categories As % of Total - End of Year, 2010

419

1,337

6,671

8,426

430683

7,239

8,750

1,060

3,175

14,177 14,385

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Unrestricted Per Capita Restricted Per Capita Equity in TCA Per Capita Total Surplus Per Capita


Accumulated Surplus Categories Per Capita - End of Year, 2010

26

$1,321,215

15.8

$83,462

$1,667,157

11.1

$149,761

$1,374,804

10.1

$135,825

$1,359,412

6.6

$206,721

$1,322,342

6.1

$216,271

$1,419,702

18.8

$75,610

2005 2006 2007 2008 2009 2010

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.

MILK_RIVER

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Total Equalized Assessment Per Capita

43,040

56,586

66,187

68,604

70,080

71,451

73,444

78,177

79,145

84,267

85,172

93,262

97,927

100,476

103,089

110,334

110,446

115,803

212,659

0 50,000 100,000 150,000 200,000 250,000

MCLENNAN

MANNVILLE

FORESTBURG

MILK RIVER

HYTHE

CASTOR

BASHAW

SEDGEWICK

KITSCOTY

DAYSLAND

HARDISTY

LINDEN

NOBLEFORD

DELBURNE

BOYLE

BEISEKER

MUNDARE

ALIX

ALBERTA BEACH

28

Group Population

741

761

761

765

818

821

823

824

837

846

847

851

868

877

884

891

895

918

931

0 100 200 300 400 500 600 700 800 900 1,000

LINDEN

HARDISTY

MANNVILLE

DELBURNE

DAYSLAND

HYTHE

MUNDARE

MCLENNAN

BEISEKER

MILK RIVER

KITSCOTY

ALIX

BASHAW

NOBLEFORD

ALBERTA BEACH

SEDGEWICK

FORESTBURG

BOYLE

CASTOR

Documents

1 Financial Indicator Graphs for the Year Ended December 31, 2010 Prepared by Financial Advisory Services Local Government Services Division