449-vulcan-financial-indicators-2004

1

Financial Indicator Graphs

for the Year Ended December 31, 2009

Prepared by Financial Advisory ServicesLocal Government Services Division

Municipal Affairs

2

2009 Financial Indicator GraphsThe financial indicator graphs have been revised this year to reflect the significant changes in the presentation of the annual audited financial statements and the financial information return. Some indicators from previous years have been dropped or revised because the data set is no longer valid. Some new indicators have been added with data that is only available for 2009.The indicators are 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. Comparison groups are shown on the last two slides and are arranged by population and by equalized assessment per capita. Other points to note are:1. The range for most of the graphs is 2004 to 2009.2. Equalized assessment is shown for the period 2005 to 2010.3. 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, 2009 reporting date.

3

Financial Indicator Graphs include:

Equalized Tax Rates –Municipal/Residential/Non-ResidentialEqualized Assessment Per Capita (urban only)Equalized Assessment Per Km of Roads (rural only)Non-residential Equalized Assessment as % of Total Tax Collection RateDebt & Debt Service as % of the LimitsLong Term Debt Per CapitaMajor Revenue Sources As % of Total Revenue (2009 only) :

Municipal Property TaxSales & User ChargesProvincial & Federal Grants

Broad Function Expenses Per Capita (2009 only)General GovernmentProtective Services TransportationEnvironmental ProtectionRecreationTotal

Per Capita Expenses by Major Type:Salaries, Wages & BenefitsContracted & General ServicesMaterials, Goods, Supplies & UtilitiesBank Charges & InterestAmortization (2009 only)

Net Book Value As % of Total Capital Property Cost (2009 only)Accumulated Surplus Categories, As %, End of Year (2009 only)Ratio of Current Assets to Current Liabilities

4

Municipal Equalized Tax Rate

23.2

13.0 12.6 12.8 12.9

11.2

8.6

15.8

8.8

12.2 11.9 12.311.3

7.9 7.6

5.8

2

7

12

17

22

2004 GroupMaximumMinimum

2004 2005 2006 2007 2008 2009 2009 GroupMaximumMinimum

VULCAN Median (Population 1,512 to 2,255 - Urban)

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

02274-F03-0333

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Residential Equalized Tax Rate

30.0

16.5 15.9 15.7 15.4

12.5

9.9

12.113.3

15.2 14.9 14.914.0

9.7 9.3

7.4

4

9

14

19

24

29




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

6

Non-Residential Equalized Tax Rate

28.8

24.522.6 22.1 21.7

19.9

30.1

15.9

22.3 22.6 22.120.7

16.7 16.6

11.713.3

3

8

13

18

23

28

33




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

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Equalized Assessment Per Capita (in thousands)

6958

64 69 70

93

135

171

26

40 4450

59

9399

67

0

20

40

60

80

100

120

140

160

180




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

45

26 26 27 2623 23

37

7

16 16 15 1512

14

3

0

5

10

15

20

25

30

35

40

45

50




9

Tax Collection Rate

98.197.3 97.9 98.2 97.9

96.8

95.2

98.0

89.7

95.896.6 96.5

97.496.8

94.3

80.280

85

90

95

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

69 68

4555

4855

93 93

1

28

41

29 3036

41

0

-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

78

3729

35 35

50

69

88

6

3728 32

3730 31

0

-40

-20

0

20

40

60

80

100

120




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

2,554

987 935 880745

985

2,047

3,185

15

537673 615

714 779942

0

-400

100

600

1,100

1,600

2,100

2,600

3,100

3,600




13

Net Municipal Property Taxes Per Capita

752 752813

885 895

1,045

1,164 1,164

294

571 589650

714805

873

530

-400

-200

0

200

400

600

800

1,000

1,200

1,400




14

Sales and User Charges Per Capita

1,629

345 373460 452

366

1,840

198

389 390451

651

485577

126

580

100

300

500

700

900

1,100

1,300

1,500

1,700

1,900




15

Provincial and Federal Grants Per Capita

486311

433674 738

3,545

54 135346 413 426

596 556

49220175

-500

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500




16

Major Revenue Sources As % of Total Revenue, 2009

44

22

28

35

22

27

44 44

61

0

10

20

30

40

50

60

70

Net Municipal Property Tax Sales and User Charges Grants

VULCAN Group Median Group Maximum

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Broad Function Expenses Per Capita, 2009

537

66

454 530351

2,130

293111

380501

284

1,794

537335

1,191

944

539

4,161

0

500

1000

1500

2000

2500

3000

3500

4000

4500

General Government Protective Services Transportation Environment Recreation and Culture Total Expense


18

Per Capita Expenses - Salaries, Wages and Benefits

688

458488

517 520569 584

1,155

240

384 402444 451

481528

355

0

200

400

600

800

1,000

1,200




19

Per Capita Expenses - Contracted and General Services

618

232

1,031

306

509

677

140

232 246 264

376 394440

198

271274

0

200

400

600

800

1,000

1,200




20

Per Capita Expenses - Materials, Goods, Supplies and Utilities

1,115

274 263 285 289 302346

855

113

222 243 245289 302 320

84

-20

180

380

580

780

980

1,180




21

Per Capita Expenses - Bank Charges and Interest

165

66 65 6254 48 47

176

4

43 4539 38 36 34

5

-20

30

80

130

180

230




22

Per Capita Expenses - Amortization, 2009

396

303

878

0

100

200

300

400

500

600

700

800

900

1000


23

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

23

60

82

0

10

20

30

40

50

60

70

80

90


24

Accumulated Surplus Categories As % of Total - End of Year, 2009

22

3

75

37

82

3336

98

0

20

40

60

80

100

Unrestricted Restricted Equity in TCA


$943,236

4.2

$222,590

$1,535,296

2.3

$678,774

$1,462,086

2.1

$700,695

$2,486,794

1.3

$1,899,817

$2,567,086

1.2

$2,113,221

$4,677,419

2.2

$2,165,003

2004 2005 2006 2007 2008 2009

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.

VULCAN

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Group Equalized Assessment Per Capita

66,770

73,129

73,977

75,578

83,722

87,719

88,719

90,924

98,287

99,248

101,877

105,885

107,375

114,993

128,632

131,849

135,197

136,209

170,762

0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000

SWAN HILLS

BOW ISLAND

ELK POINT

MAGRATH

PICTURE BUTTE

VALLEYVIEW

PROVOST

COALHURST

PENHOLD

LAMONT

MILLET

SEXSMITH

BON ACCORD

CALMAR

TOFIELD

REDWATER

VULCAN

NANTON

TURNER VALLEY

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Group Population

1,512

1,534

1,592

1,664

1,810

1,858

1,868

1,876

1,884

1,940

2,022

2,033

2,078

2,114

2,124

2,125

2,192

2,254

2,255

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

ELK POINT

BON ACCORD

PICTURE BUTTE

LAMONT

COALHURST

SWAN HILLS

BOW ISLAND

TOFIELD

VALLEYVIEW

VULCAN

TURNER VALLEY

CALMAR

PROVOST

PENHOLD

NANTON

MILLET

REDWATER

MAGRATH

SEXSMITH

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449-vulcan-financial-indicators-2004