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HomeMy WebLinkAbout15-StatisticalStatistical 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 r c o s T em p l e Ki lle e n Ge or g e t o wn Ce d a r P a r k Pfl u g e r v i l l e 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