CITIZENS' GUIDE TO LOCAL UNIT FINANCES - City of Northville
REVENUES
1. Where our money comes from (all governmental funds)
2. Compared to the prior year
2015
Property Taxes
Licenses & Permits
Federal Grants
State Revenue & Grants
Charges for Services
Fines & Forfeitures
Interest & Rent
Other Revenue
Sale of Debt or Assets
3. Revenue sources per capita - compared to the prior year
Total Revenue
% change
$
$
$
$
$
$
$
$
$
5,025,712
476,942
144,457
960,704
909,556
70,946
956,304
877,867
-
$
$
$
$
$
$
$
$
$
5,316,091
433,619
77
1,018,830
857,288
70,804
1,171,302
1,027,410
-
6%
-9%
-100%
6%
-6%
0%
22%
17%
n/a
$
9,422,488 $
9,895,421
5%
2012
2014
4. Historical trends of individual sources
1,000
900
800
700
600
500
400
300
200
100
-
5,600,000
5,400,000
5,200,000
Sale of Debt or Assets
Other Revenue
Interest & Rent
Fines & Forfeitures
Charges for Services
Federal Grants
State Revenue & Grants
2015
Licenses & Permits
5,000,000
Property Taxes
2016
Property Taxes
Licenses & Permits
Federal Grants
State Revenue & Grants
Charges for services
Fines & Forfeitures
Interest & Rent
Other revenue
Sale of debt or assets
2016
4,800,000
4,600,000
4,400,000
4,200,000
2009
2010
2011
2013
2015
2016
Property values in Northville have stabliized. The increase of 6% in property tax revenue from the prior year was partially due to the increase in taxable value and partially due
to the reimbursement friom the State of Michigan for lost personal property tax revenues in 2014 and 2015. Property taxes continue to be the City’s single largest source of
revenue at 53.7 percent of governmental revenue. Other Revenue primarily includes local contributions and racetrack breakage. Rental income is derived from rents at Allen
Terrace, a senior housing facility, and cellular tower leases. Federal grants fluctuate from year to year due to availablity of funding and timing of related projects.
For more information on our unit's finances, contact Sandi Wiktorowski, Finance Director at (248) 449-9912 or [email protected].
CITIZENS' GUIDE TO LOCAL UNIT FINANCES - City of Northville
1. Where we spend our money (all governmental funds)
EXPENDITURES
2. Compared to the prior year
General Government
General Government
Police & Fire
Roads
Senior Housing
Recreation & culture
Debt Service
Total Expenditures
Police & Fire
Public Works
Senior Housing
Recreation & Culture
Debt Service
$
$
3. Spending per capita - compared to the prior year
2015
2016
2,124,513 $
3,918,447
1,833,721
781,524
329,734
264,971
9,252,910 $
2,041,125
4,569,268
1,279,434
724,406
348,351
275,781
9,238,365
% change
-4%
17%
-30%
-7%
6%
4%
-0.16%
4. Historical trends of individual departments:
900
800
700
600
500
400
300
200
100
-
3,000,000
2,500,000
2,000,000
2016
Debt Service
Add'l Contribution to MERS
2015
Recreation & Culture
Senior Housing
Public Works
Police & Fire
General Government
1,500,000
1,000,000
500,000
2009
2010
2011
2012
2013
2014
2015
2016
Overall total governmental expenditures decreased .16% from the prior year. The largest category is police and fire which account for 49% of governmental expenditures. The second
largest category is General Govenment which decreased 4% from the prior year . Flucuations in the Roads category are expected from year to year due to scope and timimg of road
projects. The Senior Housing decrease is due to capital improvement expenditures at Allen Terrace in the prior year.
For more information on our unit's finances, contact Sandi Wiktorowski, Finance Director at (248) 449-9912 or [email protected].
CITIZENS' GUIDE TO LOCAL UNIT FINANCES - City of Northville
1. How have we managed our governmental fund resources (fund balance)?
FINANCIAL POSITION
2. Compared to the prior year
14,000,000
12,000,000
10,000,000
8,000,000
6,000,000
4,000,000
2,000,000
2009
2010
Total Revenue
2011
2012
2013
Total Expenditures
2014
2015
2016
Revenue
Expenditures
Surplus (shortfall)
Fund balance, by component:
Nonspendable
Restricted/Reserved
Committed
Assigned/Designated
Unassigned/Undesignated
total fund balance
2015
2016
% change
9,422,488
9,252,910
169,578
9,895,421
9,238,365
657,056
5%
0%
287%
402,010
1,396,864
6,517,000
6,603
2,396,027
10,718,504
478,635
1,881,031
6,861,303
623
2,377,458
11,599,050
19%
35%
0%
-91%
-1%
8%
Total fund balance
3. Fund balance per capita - compared to the prior year
4. Historical trends of individual components
14,000,000
2,500
12,000,000
2,000
10,000,000
8,000,000
1,500
6,000,000
4,000,000
1,000
2,000,000
Nonspendable
500
Restricted/Reserved
Committed
Assigned/Designated
2015
2016
Unassigned/Undesignated
2009 2010 2011 2012 2013 2014 2015 2016
Unassigned/Undesignated
Committed
Nonspendable
Assigned/Designated
Restricted/Reserved
The increase in fund balance was expected. Accumulated funds will be used for future capital improvements. This is consistent with the City's long-term goal
to utilize a "pay-as-you-go" system rather than issuing debt for capital needs. The overall surplus for all governmental funds was $657,056.
For more information on our unit's finances, contact Sandi Wiktorowski, Finance Director at (248) 449-9912 or [email protected].
25
Millions
Millions
CITIZENS' GUIDE TO LOCAL UNIT FINANCES - City of Northville
1. Pension funding status
2. Retiree Health care funding status
20
15
10
5
50
45
40
OTHER LONG TERM OBLIGATIONS
3. Percent funded - compared to the prior actuarial
100%
100.0%
90%
90.0%
80%
80.0%
35
70%
30
60%
25
50%
50.0%
20
40%
40.0%
15
30%
30.0%
10
20%
20.0%
5
10%
10.0%
Dec-09Dec-10Dec-11Dec-12Dec-13Dec-14Dec-15
70.0%
52%
0%
Jun-12
Plan Fiduciary Net Position
Total Pension Liability
57%
Jun-14
Assets
12/31/2014
Actuarial Liability
4. Long Term Debt obligations:
35.8% 36.6%
0.0%
Pensions
Dec-15
60.0%
OPEB
6/30/2014
12/31/2015
12/31/2015
5. Debt & other long term obligations per capita - compared to the prior year
4,000,000
600
3,500,000
500
3,000,000
2,500,000
Employee compensated
absences
400
2,000,000
300
1,500,000
1,000,000
200
500,000
Structured debt
100
2009
2010
2011
Structured debt
2012
2013
2014
Employee compensated absences
2015
2016
2015
2016
The pension liability is 52% funded, down 5 percent from the prior year. The unfunded liability for retiree health care (OPEB) as of 6/30/15 is 20 million . The OPEB liability is 37% percent
funded, up 1% from one year ago. The City contributed additonal funds beyond the required amounts in 2015to both the pension and OPEB plans. The increase in long term structured
debt is due to an installment purchase contract entered into in order to purchase a new fire vehicle. The City uses a pay-as-you-go system rather than issue debt whenever possible.
Employee compensated absences remains relatively consistent from the prior year.
For more information on our unit's finances, contact Sandi Wiktorowski, Finance Director at (248) 449-9912 or [email protected].