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217
City of Georgetown
Three Year Benchmarking Comparison
2002/2003 2003/2004 2004/2005 2003/2004
vs
2004/2005
Population 35,300 36,359 37,450 2.91%
Area (Square Miles) 24.47 24.47 25.73 4.90%
General Fund Budget $17,624,965 $19,366,090 $20,702,198 6.45%
Sales Tax Collections $3,721,898 $4,172,000 $4,300,000 2.98%
Sales Tax Per Capita $105.44 $114.74 $114.82 0.07%
Current Tax Base $2,116,042,131 $2,247,047,140 $2,391,137,407 6.03%
Average Residential Value $163,882 $159,271 $163,751 2.74%
Adopted City Tax Rate $0.30261 $0.32194 $0.34626 7.02%
Effective Tax Rate $0.29690 $0.31277 $0.319736 2.18%
Rollback Tax Rate $0.30261 $0.32685 $0.35119 6.93%
Operations & Maintenance $0.20307 $0.22177 $0.23294 4.80%
Debt Service $0.09954 $0.10017 $0.11332 11.60%
218
Peer Benchmarking
An important way to measure our economic condition is through benchmarking, which is a point of reference from
which measurements or progress can be made. Benchmarking measures our progress from a point in time and is
something that serves as a standard by which others may be measured.
Population
79,850
56,728
42,165
34,710
24,527
36,359
100,976
-
20,000
40,000
60,000
80,000
100,000
120,000 Killeen Rou n d Roc k Temp l e San Marcos Ge or ge to wn Ced a r Pa rk Pf lu g erville Employees Per Capita
11.15
10.24
8.63 8.10
7.30
11.32
8.47
-
2
4
6
8
10
12
14
16 Templ e Sa n M a rc os G e org e to w n Rou n d Ro c k Ced a r Pa rk Killee n Pf l ug e rvi l l e
Ad Valorem Revenue Per Capita
$229
$168
$230
$313
$260
$196 $194
-
50
100
150
200
250
300
350Pflugerville C ed a r Park R ound Rock Te m pl e George to wn Sa n Ma rc os Killeen Sales Tax Per Capita
$414
$293
$203
$132
$115
$49
$104
-
50
100
150
200
250
300
350
400
450
Ro
u
n
d
R
o
c
k
Sa
n
M
a
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c
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T em
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Ki lle
e
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Ge
or g e t o wn
Ce
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a
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P
a
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k
Pfl
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r
v
i
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219
Peer Benchmarking
Georgetown has chosen to measure itself against cities in the surrounding area that have similar size, location or
growth issues and benchmarks. Benchmarking data is taken from 2003/04 budgets.
Assessed Valuation
(in billions)
$2.15
$1.20
$2.17
$5.07
$2.53
$2.13 $1.97
-
1
2
3
4
5
6Round Rock Killeen San Marc os T emple Geor g e t own Cedar P ark Pf lug e r vi l le Assessed Valuation Per Capita
$51,370
$25,084
$56,612
$63,509
$58,641
$48,893
$37,937
-
20,000
40,000
60,000
80,000Roun d Ro c k Georgeto w n Cedar Park S an Marcos P flug e r v i lle Temple K i lleen
General Fund Expenditures Per Capita
$706
$649 $648
$533
$409
$458$468
-
200.00
400.00
600.00
800.00
1,000.00Round Rock Te m pl e Sa n Marcos G e org e town Pf lu ge rvi l le C e dar P ark Killee n General Debt Per Capita
$1,520
$1,449
$1,107
$840
$307
$735$783
200
400
600
800
1,000
1,200
1,400
1,600
1,800Ced ar Park P flug e rv i ll e Round Ro c k Temple San Marcos Geor g etown Ki l l ee n
220
Financial Ratio Comparisons
Georgetown has chosen to measure its financial condition against cities in the surrounding area that have
similar size, location or growth issues. The acceptable levels referred to below are based on the City’s
Fiscal and Budgetary Policy. These indicators and benchmarks were added to the policy in 2003/04.
Fund Balance to Equity ratio is a function of fund
balance to equity for governmental type funds
(General Fund, Special Revenue, etc.)
Working capital is the liquid reserve available to
meet uncertainties. It is a function of current assets
less current liabilities.
Current ratio and quick ratio are measures of liquidity. Liquidity is an organization’s ability to convert
noncash assets into cash or to obtain cash to meet impending obligations. Current ratio includes inventories
and prepaid expenses, whereas the quick ratio excludes inventories and prepaid expenditures. A ratio of 1
or greater is an acceptable level for both ratios.
Fund Balance to Equity Ratio
0.66
0.48 0.43
0.31
2.34
0.43
-
0.50
1.00
1.50
2.00
2.50
T e m p l e
S a n M a r c o s
C e d a r P a r k
R o u n d R o c k
G e o r g e t o w n K i l l e e n
Working Capital
(in millions)
$9.7$15.5$21.3
$33.4
$45.0
$124.3
$0
$20
$40
$60
$80
$100
$120
$140
R o u n d R o c k
T e m p l e K i l l e e n
S a n M a r c o s
C e d a r P a r k
G e o r g e t o w n
Current Ratio
34.73
18.17
12.27
8.51 6.58
4.00
-
5.00
10.00
15.00
20.00
25.00
30.00
35.00
40.00
R o u n d R o c k
T e m p l e K i l l e e n
C e d a r P a r k
G e o r g e t o w n
S a n M a r c o s
Quick Ratio
18.04
12.11
9.40 8.50 8.50
6.45
-
5.00
10.00
15.00
20.00
25.00
R o u n d R o c k K i l l e e n
T e m p l e
C e d a r P a r k
S a n M a r c o s
G e o r g e t o w n
221
Financial Ratio Comparisons
Financial ratios provide meaningful data and help identify major trends in the City’s financial condition and
in comparison to surrounding communities. Financial ratio data is taken from 2002/03 Comprehensive
Annual Financial Reports.
Debt due to assessed value is a ratio of the
assessed value to tax supported debt. A ratio of
less than 5 is acceptable.
The ratio of current liabilities plus long term debt
to total assets. A ratio of 1 or lower is accept-
able.
Number of times the utility debt service
requirements would be covered by the current
utility operating revenue net of current operating
expense. A ratio of 1.5 or greater is acceptable.
Enterprise operational coverage is a ratio of
operating revenue to operating expenses of the
City’s combined enterprise funds. A ratio of 1.25
or greater is acceptable. (1)
Debt to Assessed Value
2.43%
1.74%
1.05%
1.83%1.81%
2.70%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
C e d a r P a r k
T e m p l e K i l l e e n
S a n M a r c o s
R o u n d R o c k
G e o r g e t o w n
Debt Ratio
0.34
0.39
0.440.48
0.58
0.65
-
0.20
0.40
0.60
0.80
K i l l e e n
C e d a r P a r k
S a n M a r c o s
T e m p l e
G e o r g e t o w n
R o u n d R o c k
Enterprise Operational Coverage
2.48
1.76 1.60 1.50 1.42
1.17
-
0.50
1.00
1.50
2.00
2.50
3.00
C e d a r P a r k K i l l e e n
R o u n d R o c k
T e m p l e
G e o r g e t o w n
S a n M a r c o s
Times Coverage Ratio
1.17
1.782.05
3.54
4.70
6.61
-
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
R o u n d R o c k K i l l e e n
G e o r g e t o w n
C e d a r P a r k
T e m p l e
S a n M a r c o s
(1) Georgetown used reserve funds to begin a large capital improvement project in 2003. The funds were reimbursed with debt
proceeds issued in Fall 2003 for this project.
222
Certified Property Value
Ten Year History
Fiscal Certified Tax Increase (Dec) Percent of
Year Assessed Value Rate In Value Levy Collected
1995 482,780,781 0.3600 22.04% 97.79%
1996 538,947,506 0.3700 11.63% 97.67%
1997 633,469,050 0.3800 17.54% 98.22%
1998 984,123,199 0.3500 55.35% 98.60%
1999 1,199,831,232 0.3500 21.92% 98.80%
2000 1,410,072,042 0.3400 17.52% 95.43%
2001 1,629,344,909 0.3141 15.55% 98.75%
2002 1,938,770,383 0.3071 18.99% 98.53%
2003 2,116,042,131 0.3026 9.14% 98.61%
2004 2,247,047,140 0.3219 6.19% 98.72%
2005 2,391,137,407 0.3463 6.41% N/A
-
500,000,000
1,000,000,000
1,500,000,000
2,000,000,000
2,500,000,000
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Ce
r
t
i
f
i
e
d
A
s
s
e
s
s
e
d
V
a
l
u
e
0.3000
0.3100
0.3200
0.3300
0.3400
0.3500
0.3600
0.3700
0.3800
0.3900
0.4000
Ta
x
R
a
t
e
s
223
Certified Taxable Assessed Valuation
By Class of Property
Class of Property Assessed Value Exemptions Total %
Residential 1,751,557,733 106,328,054 1,645,229,679 72.77%
Commercial 888,576,878 439,739,583 448,837,295 19.85%
Personal Property, Other 197,471,896 30,550,537 166,921,359 7.38%
2,837,606,507 576,618,174 2,260,988,333 100%
Uncertified under protest value 130,149,074
2,391,137,407
Residential
73%
Commercial
20%
Personal
Property, Other
7%
224
City Property Tax Rate Comparison
(Cities within the Central Texas Area)
.80
Belton (.7050)
.70
Killeen (.6950)
Pflugerville (.64)
Temple (.6023).60
Leander (.55663)
Austin (.50130)
.50
Cedar Park (.498)
San Marcos (.4710)
.40
Round Rock (.387072)
Georgetown (.34626)
.30
.2010,15,,,
City of Georgetown
$2.6185
Williamson
County
(.51221)
City of
Georgetown
(.34626)
$0
Georgetown
Independent
School District
($1.76)
Combined Tax Rate
225
Total Combined Tax Rate Comparison
(Cities within the Central Texas Area)
Combined Tax Rates
$0.000 $0.500 $1.000 $1.500 $2.000 $2.500 $3.000 $3.500
GEORGETOWN
Austin
Round Rock
Temple
Cedar Park
Leander
Pflugerville
City School Community College Hospital County & Road
Combined Monthly Rates
(Utilities and Total Taxes on a $163,751 home)
$565
$572
$591
$616
$555
$630
$100 $200 $300 $400 $500 $600 $700
GEORGETOWN
Austin
Round Rock
Cedar Park
Leander
Pflugerville
226
Sales Tax Revenue Analysis
Ten Year History
(Includes 1% general use only)
Population Revenues
Sales Tax
per capita
% change from
prior year
1995 18,500 1,623,370 87.75 14%
1996 20,300 1,896,310 93.41 17%
1997 24,000 2,159,689 89.99 14%
1998 25,500 2,415,396 94.72 12%
1999 26,400 2,858,475 108.28 18%
2000 30,359 3,416,760 112.55 20%
2001 31,038 3,526,862 113.63 3%
2002 34,273 3,453,856 100.77 -2%
2003 35,300 3,721,898 105.44 8%
*2004 36,359 4,172,000 114.74 12%
*2005 37,450 4,300,000 114.82 3%
Sales Tax per Capita
$87.75
$93.41
$89.99
$94.72
$108.28
$112.55
$113.63
$100.77
$105.44
$114.74
$114.82
$- $25 $50 $75 $100 $125 $150
199 5
199 6
199 7
199 8
199 9
2000
2001
2002
2003
*2004
*2005
Sales Tax Percent Change
14%
3%
12%
8%
-2%
3%
20%18%
12%
14%
17%
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
1995 1996 1997 1998 1999 2000 2001 2002 2003 *2004 *2005
-5%
0%
5%
10%
15%
20%
25%
%
c
h
a
n
g
e
f
r
o
m
p
r
i
o
r
y
e
a
r
*Projected Revenues
227
Sales Tax Revenue – By Quarter
(Includes 1% general use only)
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
1,100,000
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
October - December January - March April - June July - September
Sales in
Quarter (1)
October -
December
January -
March
April -
June
July -
September Total by Year
1994 355,341 335,040 371,685 387,959 1,450,025
1995 445,573 359,092 394,446 429,289 1,628,400
1996 459,133 455,967 497,110 515,951 1,928,161
1997 541,436 491,475 543,930 571,368 2,148,209
1998 599,338 585,178 626,140 629,628 2,440,284
1999 666,584 682,519 758,914 747,348 2,855,365
2000 836,809 850,965 869,638 881,709 3,439,121
2001 868,966 862,427 925,473 892,376 3,549,243
2002 860,390 798,098 929,004 887,827 3,475,319
2003 890,929 846,901 973,750 1,026,751 3,738,331
2004 1,061,835 980,674 1,059,247 1,070,244 4,172,000
Note: The City receives sales tax collected through the state two months after the actual month of sales.
This chart represents sales in the month indicated.
228
Tax Revenues
Ten Year History
Combined Sales & Property Taxes
Property Tax
Sales Tax
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
1995 1996 1997 1998 *1999 2000 2001 2002 2003 **2004 **2005
Combined
Revenue City Rate Value Rate Levy Tax Total
1995 1,623,370 7.25% 482,780,781 0.3600 1,738,011 3,361,381
1996 1,896,310 7.25% 538,947,506 0.3700 1,994,106 3,890,416
1997 2,159,689 7.25% 633,469,050 0.3800 2,407,182 4,566,871
1998 2,415,396 7.25% 984,123,199 0.3500 3,444,431 5,859,827
*1999 2,858,475 7.25% 1,199,831,232 0.3500 4,199,409 7,057,884
2000 3,416,760 7.25% 1,410,072,042 0.3400 4,794,245 8,211,005
2001 3,526,862 7.25% 1,629,344,909 0.3141 5,117,609 8,644,471
2002 3,453,856 7.75% 1,938,770,383 0.3071 5,953,576 9,407,432
2003 3,721,898 8.00% 2,116,042,131 0.3026 6,403,355 10,125,253
**2004 4,172,000 8.00% 2,247,047,140 0.3219 7,233,245 11,405,245
**2005 4,300,000 8.00% 2,391,137,407 0.3463 8,280,509 12,580,509
*13 months - change in accounting accrual methodology per Governmental Accounting Standards Board
**Projected
Fiscal Year Sales Tax Property Tax
229
Population
Georgetown’s Top Ten
*Does not include some major property owners whose
property is under protest as of date of certification.
TAXPAYERS
(per Certified Roll *)
Assessed
Taxpayer Value
1. Del Webb Texas LTD $22,953,679
2. SPG Wolf Ranch LP 13,318,758
3. Verizon Southwest 13,195,030
4. Wal-Mart Real Estate 11,330,873
5. KH-Georgetown Partners LTD 10,540,552
6. Rivery Towne Crossing LP 10,362,207
7. HE Butt Grocery Company 10,318,657
8. Rivery Partners LTD 10,003,210
9. Hewlett Holdings LTD 9,690,832
10. Mac Haik Ford Lincoln Mercury 9,672,087
EMPLOYERS
Number of
Employer Employees
1. Williamson County 1,450
2. Georgetown ISD 1,200
3. Southwestern University 583
4. HEB (2) 477
5. City of Georgetown 394
6. Georgetown Healthcare System 382
7. Sun City Texas 240
8. Wesleyan Homes, Inc. 240
9. Airborne, Inc. 232
10. Williamson Burnet Co. Opportunities 175
TEN LARGEST WATER CUSTOMERS
000 Gallons
Customer Consumed
1. Sun City Association 321,020
2. Chisholm Trail SUD 101,032
3. Southwestern University 63,572
4. City of Georgetown 38,641
5. Southwest Material 23,190
6. Georgetown ISD 22,372
7. Indian Creek Apartments 18,237
8. Williamson County 14,744
9. Georgetown Healthcare Systems 14,292
10. Housing Authority 13,835
TEN LARGEST WASTEWATER CUSTOMERS
Customer Volume
1. Southwestern University 31,841
2. Georgetown ISD 18,954
3. Indian Creek Apartments 18,150
4. Georgetown Hospital 15,890
5. Housing Authority 14,652
6. Williamson County 14,253
7. Wesleyan Homes 11,584
8. The Oaks of Georgetown 11,312
9. San Gabriel Apartments 10,694
10. Georgetown Place Apartments 9,678
* Projected
25,500
34,273 35,300 36,359 37,450
31,038
24,000
20,300
30,359
26,400
15,000
17,000
19,000
21,000
23,000
25,000
27,000
29,000
31,000
33,000
35,000
37,000
39,000
1996 1997 1998 1999 2000 2001 2002 2003 2004 *2005
230
Utility Customer Growth
Ten Year History
Fiscal
Year Water Electric Wastewater Sanitation Stormwater
1995 7,881 8,682 5,997 6,646 6,125
1996 9,192 9,678 7,084 7,397 7,098
1997 10,173 10,811 8,100 8,855 8,594
1998 11,035 11,718 8,887 9,619 9,392
1999 11,573 12,413 9,519 10,350 9,945
2000 12,652 13,482 10,450 11,101 10,797
2001 13,518 14,269 11,338 11,980 11,532
2002 14,198 15,153 11,972 12,641 12,120
2003 14,878 15,812 12,669 13,430 12,661
*2004 15,630 16,356 13,454 13,987 13,357
*2005 16,177 16,928 13,925 14,477 13,824
*Projected
Utility Customer Growth
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
1995 1996 1997 1998 1999 2000 2001 2002 2003 *2004 *2005
Water Electric Wastewater Sanitation Stormwater
232
Utility Revenues
Ten Year History
Fiscal *Other
Year Water Enterprise Wastewater Electric
1995 3,817,723 1,228,822 2,538,992 12,361,333
1996 5,826,471 1,528,541 3,159,357 14,010,520
1997 5,348,446 1,777,626 3,176,383 14,814,125
1998 6,472,229 2,147,375 3,396,930 17,033,314
1999 6,744,444 2,535,126 3,833,126 17,843,712
2000 8,011,206 2,767,295 4,379,611 20,790,680
2001 8,021,813 3,071,302 4,767,588 24,340,991
2002 8,986,464 3,399,065 4,649,485 23,412,202
2003 8,814,789 3,940,379 4,929,301 25,916,557
**2004 9,400,000 4,101,414 5,449,503 31,000,000
**2005 9,836,000 4,719,700 5,995,360 32,500,000
*Includes Stormwater and Sanitation
**Projected
Utility R evenues
- 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000
1995
1996
1997
1998
1999
2000
2001
2002
2003
**2004
**2005
Water *Other Enterprise Wastewater Electric
233
Miscellaneous Statistical Data
Form of government Council - Manager
Area 25.73
Miles of streets 420
Number of street lights 2,136
2003 average unemployment rate 4.90%
Total City employees 394.5
Number of parks 23
Acres of parks 380
Number of libraries 1
Number of library items in circulation 302,874
Number of Fire stations 4
Number of Firefighters 52
Number of Police stations 1
Number of Police officers 59
Number of Electric customers 16,356
Number of Water customers 15,630
Number of Wastewater customers 13,454
Number of Sanitation customers 13,987
Number of GISD Attendance Centers 15
# of Teachers 668
Average Years Experience 13
Student/Teacher Ratio 12.6
Total Number of Students 8,820
African-American 3.7%
Hispanic 26.0%
White 69.0%
Economically Disadvantaged 31.8%
Elevation 750 feet
Annual Average Temperature 68o
Monthly Average High Temperature 96o
Monthly Average Low Temperature 39o
Weather
Education
Utility Customers
Public Safety
Recreation and Culture
General City Information