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95 STATISTICAL SECTION This part of the City of Laramie’s comprehensive annual financial report presents detailed information as a context for understanding what information in the financial statements, note disclosures, and required supplemental information says about the government’s overall financial health. Contents: Financial Trends: These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time. Revenue Capacity: These schedules contain information to help the reader assess the government’s most significant local revenue sources and assessment valuations. Debt Capacity: These schedules present information to enable the reader to assess the affordability of the government’s current levels of outstanding debt and the government’s ability to issue additional debt in the future. Demographic and Economic Information: These schedules offer demographic and economic indicators to enable the reader to understand the environment within which the government’s financial activities take place and to help make comparisons over time and with other governments. Operating Information: These schedules contain information about the City’s operations and resources to enable the reader to understand how the City’s financial information relates to the services the City provides and the activities it performs. ---PAGE BREAK--- FINANCIAL TRENDS INFORMATION ---PAGE BREAK--- 96 CITY OF LARAMIE, WYOMING NET ASSETS BY COMPONENT Last Seven Fiscal Years 2003 2004 2005 2006 Governmental activities Invested in capital assets, net of related debt 5,472,228 $ 18,074,103 $ 27,896,068 $ 38,884,805 $ Restricted 7,087,701 15,118,830 20,624,620 16,393,849 Unrestricted 29,951,832 15,956,310 10,676,405 12,941,985 Total governmental activities net assets 42,511,761 $ 49,149,243 $ 59,197,093 $ 68,220,639 $ Business-type activities Invested in capital assets, net of related debt 32,813,464 $ 32,163,926 $ 32,248,576 $ 33,540,229 $ Restricted - - - - Unrestricted 5,532,219 6,347,300 8,812,170 10,319,534 Total business-type activities 38,345,683 $ 38,511,226 $ 41,060,746 $ 43,859,763 $ Primary Government Invested in capital assets, net of related debt 38,285,692 $ 50,238,029 $ 60,144,644 $ 72,425,034 $ Restricted 7,087,701 15,118,830 20,624,620 16,393,849 Unrestricted 35,484,051 22,303,610 19,488,575 23,261,519 Total primary government 80,857,444 $ 87,660,469 $ 100,257,839 $ 112,080,402 $ * Information for years prior to 2003 is not available on accrual basis ---PAGE BREAK--- 97 2007 2008 2009 41,790,914 $ 33,151,731 $ 43,391,849 $ 12,123,210 26,639,695 27,050,432 17,141,553 21,297,756 20,516,509 71,055,677 $ 81,089,182 $ 90,958,790 $ 44,717,590 $ 48,455,389 $ 52,083,366 $ - - 317,287 13,636,224 17,791,445 15,792,004 58,353,814 $ 66,246,834 $ 68,192,657 $ 86,508,504 $ 81,607,120 $ 95,475,215 $ 12,123,210 26,639,695 27,367,719 30,777,777 39,089,201 36,308,513 129,409,491 $ 147,336,016 $ 159,151,447 $ ---PAGE BREAK--- 98 CITY OF LARAMIE, WYOMING CHANGES IN NET ASSETS Last Seven Fiscal Years 2003 2004 2005 2006 Expenses Governmental activities Executive-City Manager 272,746 $ 333,518 $ 294,968 $ 423,091 $ Administrative services 1,082,494 1,036,137 1,141,400 1,267,246 Judicial 166,637 181,413 228,351 252,871 Legal 158,289 156,539 170,165 208,313 General government 2,656,490 1,030,690 971,630 4,921,879 Police 5,245,604 5,282,636 5,603,923 6,011,027 Fire 3,141,223 4,168,394 3,898,195 4,044,488 Engineering 546,983 542,173 686,812 739,230 Highways and streets 2,622,930 3,086,582 2,851,919 3,224,586 Animal control 260,511 284,547 287,268 293,262 Mosquito control 174,234 189,281 267,391 236,620 Parks 669,115 1,990,123 1,531,303 826,351 Recreation 829,258 837,976 2,099,972 2,355,457 Cemetery 199,599 215,959 179,804 142,233 Interest on long-term debt 47,151 720,818 629,554 559,368 Unallocated depreciation 78,059 99,499 39,444 - Total general governmental activities expenses 18,151,323 20,156,285 20,882,099 25,506,022 Business-type activities Water 5,791,473 3,971,940 4,179,589 4,650,288 Waste water 2,040,308 2,451,824 2,144,033 2,485,331 Solid waste 988,950 1,611,589 1,263,774 1,513,198 Total business-type activities expenses 8,820,731 8,035,353 7,587,396 8,648,817 Total primary government expenses 26,972,054 $ 28,191,638 $ 28,469,495 $ 34,154,839 $ Program revenues Governmental activities Charges for services Police 398,661 $ 984,898 $ 1,142,112 $ 1,167,176 $ Fire 768,843 929,183 857,624 899,055 Engineering 394,766 562,974 803,746 760,946 Recreation 432,409 967,077 931,374 1,321,170 Other activities 420,284 379,712 529,752 524,960 Operating grants and contributions 706,607 1,166,295 2,034,968 1,798,893 Capital grants and contributions 530,728 753,079 470,128 390,477 Total governmental activities program revenues 3,652,298 5,743,218 6,769,704 6,862,677 Business-type activities Charges for services Water 3,430,699 5,290,909 4,126,010 5,290,909 Waste water 2,291,198 4,044,857 4,397,770 4,044,857 Solid waste 1,777,129 1,904,587 1,594,430 1,904,587 Capital grants and contributions 1,946,808 112,848 201,634 112,848 Total business-type activities program revenues 9,445,834 11,353,201 10,319,844 11,353,201 Total primary government program revenues 13,098,132 $ 17,096,419 $ 17,089,548 $ 18,215,878 $ (Continued) ---PAGE BREAK--- 99 2007 2008 2009 449,172 $ 349,741 $ 451,267 $ 1,602,031 1,614,403 1,706,795 406,871 305,086 318,626 235,608 247,994 284,098 5,063,200 5,638,682 1,393,602 6,248,176 6,686,404 7,165,048 4,231,843 4,477,800 4,901,561 891,698 1,125,564 1,020,006 3,360,767 4,758,799 5,561,309 340,783 369,047 377,798 256,408 267,558 284,303 926,471 1,565,351 1,362,942 2,363,886 2,475,019 2,737,026 187,409 231,371 272,797 482,963 532,592 388,593 - - - 27,047,286 30,645,411 28,225,771 4,267,022 5,133,752 5,392,790 2,417,312 2,419,977 3,349,373 2,159,998 1,802,237 2,307,135 8,844,332 9,355,966 11,049,298 35,891,618 $ 40,001,377 $ 39,275,069 $ 1,245,216 $ 973,372 $ 1,211,293 $ 987,114 987,756 1,288,042 793,637 1,270,589 937,365 1,018,092 1,257,093 1,332,157 683,902 477,259 575,108 1,120,026 1,247,624 1,234,991 2,428,705 2,199,234 2,590,527 8,276,692 8,412,927 9,169,483 5,866,751 6,428,443 5,985,899 4,284,394 4,183,500 3,797,171 1,924,591 2,075,699 2,213,056 679,048 3,874,851 1,562,303 12,754,784 16,562,493 13,558,429 21,031,476 $ 24,975,420 $ 22,727,912 $ ---PAGE BREAK--- 100 CITY OF LARAMIE, WYOMING CHANGES IN NET ASSETS Last Seven Fiscal Years (Continued) 2003 2004 2005 2006 Net (Expenses)/Revenue Governmental activities (14,499,025) $ (14,413,067) $ (14,112,395) $ (18,643,345) $ Business-type activities 625,103 3,317,848 2,732,448 2,704,384 Total primary government net expense (13,873,922) $ (11,095,219) $ (11,379,947) $ (15,938,961) $ General revenues and other changes in net assets Governmental activities: Taxes Property taxes 1,535,311 $ 1,677,224 $ 1,677,673 $ 1,677,224 $ Sales and use taxes 12,965,244 13,345,828 11,905,540 13,345,828 Gas and fuel taxes 452,880 531,782 565,704 531,782 Mineral and severance taxes 1,513,724 4,812,439 4,027,737 4,812,439 Franchise taxes 1,133,936 1,316,267 1,144,084 1,316,267 Investment earnings 2,022,688 918,449 1,310,429 918,449 Miscellaneous income 2,273,489 6,132,521 3,791,458 6,132,521 Transfers 303,690 365,640 303,690 365,640 Total governmental activities 22,200,962 29,100,150 24,726,315 29,100,150 Business-type activities Investment earnings 296,659 322,796 117,803 322,796 Transfers (303,690) (365,640) (303,690) (365,640) Total business-type activities (7,031) (42,844) (185,887) (42,844) Total primary government 22,193,931 $ 29,057,306 $ 24,540,428 $ 29,057,306 $ Change in net assets Governmental activities 7,701,937 $ 14,687,083 $ 10,613,920 $ 10,456,805 $ Business-type activities 618,072 3,275,004 2,546,561 2,661,540 Total primary government 8,320,009 $ 17,962,087 $ 13,160,481 $ 13,118,345 $ * Information for years prior to 2003 is not available on accrual basis ---PAGE BREAK--- 101 2007 2008 2009 (18,770,594) $ (22,232,484) $ (19,056,288) $ 3,910,452 7,206,527 2,509,131 (14,860,142) $ (15,025,957) $ (16,547,157) $ 1,648,015 $ 2,036,893 $ 2,091,672 $ 14,927,076 14,016,540 13,273,325 632,511 613,859 523,083 5,870,731 7,952,882 7,514,647 1,291,776 1,311,916 1,395,604 2,074,789 2,184,370 1,335,830 3,675,489 2,768,552 2,503,302 (9,966,996) (82,566) 351,625 20,153,391 30,802,446 28,989,088 769,147 603,926 (211,682) 9,966,996 82,566 (351,625) 10,736,143 686,492 (563,307) 30,889,534 $ 31,488,938 $ 28,425,781 $ 1,382,797 $ 8,569,962 $ 9,932,800 $ 14,646,595 7,893,019 1,945,824 16,029,392 $ 16,462,981 $ 11,878,624 $ ---PAGE BREAK--- 102 CITY OF LARAMIE, WYOMING FUND BALANCES, GOVERNMENTAL FUNDS Last Ten Fiscal Years 2000 2001 2002 2003 2004 General fund Reserved 442,094 $ 270,771 $ 396,667 $ - $ - $ Unreserved 283,910 1,606,273 6,316,113 7,185,959 7,924,319 Total general fund 726,004 $ 1,877,044 $ 6,712,780 $ 7,185,959 $ 7,924,319 $ All other governmental funds Unreserved 1,814,066 $ 2,847,324 $ - $ 662,750 $ 696,883 $ Reserved Special revenue funds 424,849 146,826 - - 2,000,000 Capital project funds 785,069 1,061,663 1,156,132 22,641,524 13,820,590 Debt service funds 4,090,600 4,548,500 5,025,100 6,268,100 5,967,300 Total 7,114,584 $ 8,604,313 $ 6,181,232 $ 29,572,374 $ 22,484,773 $ Note: Amounts include the General Fund, Special Revenue Funds and Long-Term Debt Fund ---PAGE BREAK--- 103 2005 2006 2007 2008 2009 2,000,000 $ - $ - $ - $ 273,344 $ 9,040,699 11,107,879 15,374,284 17,320,437 16,722,338 11,040,699 $ 11,107,879 $ 15,374,284 $ 17,320,437 $ 16,995,682 $ 728,133 $ 1,439,905 $ 1,671,269 $ 2,144,434 $ 1,354,294 $ - 2,002,100 2,002,100 2,217,003 11,985,111 11,775,620 7,888,749 12,115,364 16,506,692 6,237,277 6,849,000 6,503,000 6,934,400 7,916,000 8,554,700 19,352,753 $ 17,833,754 $ 22,723,133 $ 28,784,129 $ 28,131,382 $ ---PAGE BREAK--- 104 CITY OF LARAMIE, WYOMING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - GOVERNMENTAL FUNDS Last Ten Fiscal Years 2000 2001 2002 2003 2004 Revenues Taxes and special assessments 4,820,338 $ 5,512,352 $ 1,911,211 $ 2,680,180 $ 3,281,865 $ Licenses and permits 335,243 379,020 375,011 95,220 99,187 Intergovernmental 8,363,650 9,617,179 14,199,814 17,042,650 16,895,276 Charges for services 493,042 503,764 530,853 1,279,033 1,252,027 Fines and forfeitures 426,974 345,482 448,319 626,390 665,178 Investment income 459,409 732,896 678,131 1,967,901 (55,854) Miscellaneous 495,384 337,424 134,052 354,315 1,519,264 Total revenues 15,394,040 17,428,117 18,277,391 24,045,689 23,656,943 Expenditures General government 3,900,265 3,998,608 2,037,302 3,221,142 3,222,399 Public safety 5,754,118 6,386,451 7,748,430 8,212,728 8,225,138 Health and welfare 182,694 317,145 401,177 413,595 434,485 Highways and streets 2,350,806 2,345,769 1,362,312 1,117,240 981,869 Culture and recreation 1,364,482 1,505,074 1,360,074 1,547,779 1,466,266 Capital outlay 818,560 515,915 2,756,178 3,741,222 12,702,924 Debt service funds Interest 39,005 85,487 470,242 1,722,298 2,009,188 Principal 26,197 30,743 35,269 378,598 726,497 Total expenditures 14,436,127 15,185,192 16,170,984 20,354,602 29,768,766 Excess of revenues over (under) expenditures 957,913 2,242,925 2,106,407 3,691,087 (6,111,823) Other financing sources (uses) Proceeds from borrowing - 180,000 741,000 20,162,133 - Transfers to component unit Transfers in 291,005 398,011 697,713 303,690 4,130,760 Transfers out (71,600) (180,167) (417,591) - (4,368,179) Total other financing sources (uses) 219,405 397,844 1,021,122 20,465,823 (237,419) Net change in fund balance 1,177,318 $ 2,640,769 $ 3,127,529 $ 24,156,910 $ (6,349,242) $ Debt service as a percentage of noncapital expenditures 0.48% 0.79% 3.77% 12.65% 16.03% *For years after 2005, the capital outlay is included in the respective department ---PAGE BREAK--- 105 2005 2006 2007 2008 2009 2,818,761 $ 9,853,869 $ 8,024,372 $ 7,055,700 $ 7,141,166 $ 99,791 102,389 104,249 126,360 112,886 19,464,215 17,885,383 21,808,588 23,284,671 22,895,468 2,188,326 1,541,310 1,653,256 1,986,657 2,903,739 791,903 769,563 850,506 621,184 839,015 1,345,084 1,031,573 2,109,599 2,120,216 1,192,450 2,275,938 1,220,635 1,029,642 1,434,977 197,070 28,984,018 32,404,722 35,580,212 36,629,765 35,281,794 3,422,278 14,683,043 8,863,131 8,184,686 10,487,975 9,107,839 10,184,880 12,077,557 11,914,975 13,624,951 520,424 523,565 1,153,186 611,290 675,244 1,156,094 1,741,642 3,563,194 3,445,097 5,388,971 2,589,132 3,011,694 2,017,109 3,194,597 4,198,920 9,590,549 - - - - 2,107,776 1,973,994 2,295,794 2,350,784 2,750,447 646,525 599,651 557,395 550,194 438,169 29,140,617 32,718,469 30,527,366 30,251,623 37,564,677 (156,599) (313,747) 5,052,846 6,378,142 (2,282,883) - - 1,881,764 268,861 1,000,777 2,254,474 1,590,939 3,180,792 2,958,986 4,861,623 (2,246,884) (1,242,849) (2,832,702) (2,964,722) (4,509,702) 7,590 348,090 2,229,854 263,125 1,352,698 (149,009) $ 34,343 $ 7,282,700 $ 6,641,267 $ (930,185) $ 14.09% 11.69% 11.53% 10.39% 9.05% ---PAGE BREAK--- 106 CITY OF LARAMIE, WYOMING GENERAL GOVERNMENT EXPENDITURE BY FUNCTION Last Ten Fiscal Years Highways Fiscal Year City Manager Legal Finance Engineering and Streets 2000 184,221 $ 133,985 $ 239,533 $ 243,811 $ 2,350,806 $ 2001 243,534 135,611 320,942 322,837 2,345,769 2002 174,071 152,341 823,571 223,444 1,362,312 2003 283,699 158,290 503,000 262,283 1,117,240 2004 339,253 156,537 510,704 257,224 981,869 2005 303,027 170,164 536,984 349,813 1,156,094 2006 423,091 208,313 586,829 385,659 1,741,642 2007 449,172 241,512 684,987 460,403 2,286,273 2008 349,602 244,835 745,443 667,827 3,445,097 2009 449,821 284,103 801,595 574,918 3,212,981 Other General Health and Fiscal Year Municipal Court Accounts Cemetery Welfare Planning 2000 125,944 $ 2,665,704 $ 183,442 $ 182,694 $ 123,625 $ 2001 132,934 2,674,328 204,076 317,145 144,346 2002 134,638 2,038,751 200,786 401,177 579,442 2003 166,750 2,264,300 182,763 413,595 176,059 2004 178,048 3,103,582 196,554 434,485 138,469 2005 226,819 5,111,141 164,063 520,424 190,990 2006 252,871 2,398,642 142,233 523,565 351,939 2007 406,871 2,316,489 175,313 1,153,186 266,485 2008 297,660 2,323,968 219,708 611,290 420,144 2009 319,526 2,748,833 525,083 675,244 312,719 Notes: Includes General, Special Revenue and Debt Service funds. Other general accounts include expenditures for audits, Chamber of Commerce, City Council, insurance, printing, professional and consulting, social services and street lighting. Includes Police and Fire Departments, Emergency management and Animal Control. ---PAGE BREAK--- 107 Culture and Recreation Public Safety 1,364,482 $ $ 5,754,118(3) 1,505,074 6,386,451(3) 1,360,074 7,748,430(3) 1,449,957 8,218,791(3) 1,466,117 8,412,937(3) 2,589,132 9,219,394(3) 2,986,261 10,184,880(3) 3,239,643 12,077,557(3) 3,137,561 11,914,975(3) 3,884,382 13,624,951(3) Debt Service Total 65,202 $ 13,617,567 $ 116,230 14,849,277 505,521 15,704,558 902,925 16,099,652 321,064 16,496,843 320,612 20,858,657 178,877 20,364,802 459,468 24,217,359 508,156 24,886,266 812,821 28,226,977 ---PAGE BREAK--- REVENUE CAPACITY INFORMATION ---PAGE BREAK--- 108 CITY OF LARAMIE, WYOMING GENERAL GOVERNMENT REVENUES BY SOURCE Last Ten Fiscal Years Special Licenses and Intergovernmental Charges for Fiscal Year Taxes Assessment Permits Revenue Services 2000 4,805,893 $ 7,924 $ 335,243 $ 7,986,985 $ 665,853 $ 2001 5,508,129 4,531 379,020 9,451,424 503,764 2002 1,840,464 5,918 375,011 14,192,277 523,520 2003 2,638,932 664 95,220 11,975,607 1,274,096 2004 2,671,112 4,433 99,187 12,965,286 1,252,027 2005 2,709,050 2,091 99,791 15,816,083 2,187,945 2006 2,972,126 2,674 102,389 17,656,794 1,541,310 2007 2,927,794 2,383 104,249 19,432,485 1,653,256 2008 3,220,809 3,673 126,360 21,427,709 1,986,657 2009 3,368,276 - 112,886 20,729,105 2,903,739 Notes: Includes General, Special Revenue and Debt Service fund type. ---PAGE BREAK--- 109 Fines and Interest and Forfeits Miscellaneous Total 426,974 $ 499,740 $ 14,728,612 $ 345,482 803,457 16,995,807 448,319 683,416 18,068,925 626,390 1,646,737 18,257,646 665,178 582,918 18,240,141 791,903 430,286 22,037,149 769,563 2,172,789 25,217,645 850,506 2,011,510 26,982,183 621,184 2,942,664 30,329,056 839,015 1,169,031 29,122,052 ---PAGE BREAK--- 110 CITY OF LARAMIE, WYOMING TAX REVENUE BY SOURCE Last Ten Fiscal Years General Automobile Franchise Fiscal Year Total Taxes Property Taxes Taxes Taxes Sales Tax 2000 9,133,269 $ 775,837 $ 323,571 $ 449,982 $ 6,342,954 $ 2001 9,920,114 892,417 342,999 734,770 6,738,210 2002 9,470,173 842,537 367,566 630,361 6,518,587 2003 10,944,646 975,123 530,520 1,133,936 7,203,008 2004 11,623,971 1,003,426 429,611 1,242,491 7,637,713 2005 11,830,507 1,141,507 423,460 1,144,083 7,598,184 2006 12,892,829 1,309,218 346,641 1,316,268 8,362,138 2007 14,271,824 1,244,938 393,463 1,291,776 8,553,231 2008 14,198,145 1,480,345 432,209 1,311,916 9,341,454 2009 13,510,786 1,563,275 409,388 1,395,605 8,717,960 Note: Includes one percent optional sales tax. ---PAGE BREAK--- 111 Use Tax Cigarette Tax Gasoline Tax 547,614 $ 173,480 $ 519,831 $ 647,795 157,554 406,369 503,041 153,227 454,854 499,348 149,831 452,880 618,249 148,747 543,734 825,991 131,578 565,704 889,635 137,136 531,793 2,043,588 112,317 632,511 900,205 118,157 613,859 782,078 119,397 523,084 ---PAGE BREAK--- 112 CITY OF LARAMIE, WYOMING ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY Last Ten Fiscal Years Assessed Estimated Assessed Estimated Fiscal Year Value Actual Value Value Actual Value 2000 92,751,749 $ 976,334,196 $ 4,681,457 $ 49,278,498 $ 2001 102,081,098 1,074,537,873 5,837,634 61,448,776 2002 109,536,648 1,153,017,347 5,933,511 62,458,011 2003 116,503,018 1,226,347,558 6,628,682 69,775,600 2004 126,719,624 1,333,890,779 6,949,629 73,153,989 2005 134,634,400 1,417,204,211 7,699,235 81,044,579 2006 150,260,250 1,581,686,842 7,968,708 83,881,137 2007 162,723,707 1,712,881,126 8,208,466 86,404,905 2008 187,545,559 1,974,163,779 8,908,353 93,772,137 2009 196,444,119 2,035,617,794 7,256,055 75,787,278 Notes: In general, property is assessed in Wyoming by county assessors working under the supervision of the Wyoming tax commission. Source - Albany County Assessor Real Property Personal Property ---PAGE BREAK--- 113 Ratio of Total Assessed Value Assessed Estimated to Estimated Value Actual Value Actual Value 97,433,206 $ 1,025,612,694 $ 9.50 107,918,732 1,135,986,649 9.50 115,470,159 1,215,475,358 9.50 123,131,700 1,296,123,158 9.50 133,669,253 1,407,044,768 9.50 142,333,635 1,498,248,789 9.50 158,228,958 1,665,567,979 9.50 170,932,173 1,799,286,032 9.50 196,453,912 2,067,935,916 9.50 203,700,174 2,111,405,072 9.50 Total ---PAGE BREAK--- 114 CITY OF LARAMIE, WYOMING PROPERTY TAX RATES AND TAX LEVIES – DIRECT AND OVERLAPPING GOVERNMENTS Last Ten Fiscal Years Debt Service Fiscal Year General Fund Fund Total School District County 2000 8.00 - 8.00 35.00 13.50 2001 8.00 - 8.00 35.00 13.94 2002 8.00 - 8.00 35.00 13.94 2003 8.00 - 8.00 35.00 13.94 2004 8.00 - 8.00 35.00 13.94 2005 8.00 - 8.00 35.00 14.00 2006 8.00 - 8.00 34.00 14.00 2007 8.00 - 8.00 33.00 14.00 2008 8.00 - 8.00 32.00 14.00 2009 8.00 - 8.00 32.00 14.00 2000 779,466 $ - $ 779,466 $ 3,410,162 $ 1,315,348 $ 2001 863,350 - 863,350 3,777,156 1,504,279 2002 923,761 - 923,761 4,041,456 1,609,654 2003 923,777 - 923,777 4,041,526 1,609,682 2004 1,013,757 - 1,013,757 4,678,424 1,863,349 2005 1,265,832 - 1,265,832 5,538,014 2,215,205 2006 1,367,457 - 1,367,457 5,811,694 2,393,050 2007 1,500,364 - 1,500,364 6,189,003 2,625,638 2008 1,626,656 - 1,626,656 6,506,624 2,846,648 2009 1,629,601 - 1,629,601 6,518,406 2,851,802 Notes: The Wyoming Constitution limits the mil levy for the General Fund to eight mils, not including debt service requirements. There is no limit on the mil levy for current debt service requirements. First half taxes are due November 10th and second half taxes are due May 10th after which they become delinquent. No discounts are allowed on taxes and an 11% penalty is imposed on delinquent taxes. Property upon which taxes are delinquent is advertised and sold in the following year. Property is assessed by the County Assessor and taxes are collected by the County Treasurer. 100% of taxes levied by the City which are collected are remitted. A fee of ½% of taxes collected is paid annually by the City to the County for tax collection services. TAX LEVIES TAX RATES (IN MILS) ---PAGE BREAK--- 115 Downtown Hospital Development State District District Total 12.00 3.00 30.00 101.50 12.00 3.00 - 71.94 12.00 3.00 - 71.94 12.00 3.00 - 71.94 12.00 3.00 - 71.94 12.00 3.00 - 72.00 12.00 3.00 - 71.00 12.00 3.00 - 70.00 12.00 3.00 - 69.00 12.00 3.00 - 69.00 1,169,198 $ 292,300 $ 85,143 $ 7,051,617 $ 1,295,025 323,756 - 7,763,566 1,385,642 346,410 - 8,306,923 1,385,666 346,416 - 8,307,067 1,604,031 401,008 - 9,560,569 1,898,747 474,687 - 11,392,485 2,051,186 512,797 - 12,136,184 2,250,547 562,637 - 13,128,189 2,439,984 609,996 - 14,029,908 2,444,402 611,101 - 14,055,312 Notes: Source - Albany County Assessor Mil levy only applied to property in a specified business district. ---PAGE BREAK--- 116 CITY OF LARAMIE, WYOMING PRINCIPAL TAXPAYERS CURRENT YEAR AND TEN YEARS AGO(1) June 30, 2009 Percentage of 2008 Total Assessed Assessed Taxpayer Type of Business Value Valuation 1 Coco (WY), Inc. Apartment Buildings 1,758,364 $ 0.86% 2 Gladstone Investment Co. WyoTech/School 1,717,851 0.84% 3 Hilton Garden Inn Hotel 1,464,589 0.72% 4 Wal-Mart Real Estate Business Retail Store 1,148,459 0.56% 5 Timberline Hospitalities, LLC Hotel 826,259 0.41% 6 Campus Habitat 15, LLC Apartment Buildings 821,721 0.40% 7 Mountain West Farm Bureau Mutual Insurance Co. Insurance Company 661,478 0.33% 8 Bed Company of Wyoming, Inc. Hotel 602,483 0.30% 9 MJB Acquisition Corp. WyoTech/School 522,500 0.26% 10 Fall Creek Properties, LLC Land Developer 492,990 0.24% 10,016,694 $ 4.93% Percentage of 1999 Total Assessed Assessed Taxpayer Type of Business Value Valuation 1 Las Vegas Retail, LLC Retail 628,779 $ 0.65% 2 Benenson Capital Company Real Estate 384,459 0.39% 3 Laramie Plains Properties Real Estate 358,614 0.37% 4 Petro PSC Properties, L.P. Retail 333,775 0.34% 5 Lazy A Land Company, LLC Real Estate 342,012 0.35% 6 Foster Family LTD Partnership Retail/Motel 269,900 0.28% 7 LTC West, Inc. Real Estate 246,159 0.25% 8 Laramie Cold Storage, Inc. Storage 243,609 0.25% 9 In-Situ, Inc. Technology 289,383 0.30% 10 Elman Laramie Associates, LP Investment Company 219,622 0.23% 3,316,312 $ 3.41% Source - Albany County Assessor ---PAGE BREAK--- 117 CITY OF LARAMIE, WYOMING PROPERTY TAX LEVIES AND COLLECTIONS Last Ten Fiscal Years Current Tax Percent of Levy Delinquent Tax Fiscal Year Total Tax Levy Collections Collected Collections 2000 779,467 $ 702,919 $ 90.2 55,860 $ 2001 787,629 742,681 94.3 69,250 2002 842,599 803,324 95.3 56,781 2003 923,777 862,918 93.4 112,205 2004 1,013,757 970,150 95.7 28,843 2005 1,139,669 936,426 82.2 52,457 2006 1,265,832 1,210,503 95.6 98,715 2007 1,367,457 1,314,926 96.2 45,109 2008 1,500,364 1,445,066 96.3 39,245 2009 1,626,656 1,547,648 95.1 61,179 Levy Year Collections 1999 & Prior 8,293 $ 2000 41 2001 140 2002 142 2003 83 2004 358 2005 1,165 2006 2,657 2007 48,300 Total 61,179 $ Notes: Source - Albany County Treasurer Fiscal Year 2009 Delinquent Tax collections ---PAGE BREAK--- 118 Percent of Percent of Total Tax Outstanding Delinquent Total Tax Collections to Delinquent Taxes to Tax Collections Tax Levy Taxes Levy 758,779 $ 97.3 62,653 $ 8.0 811,931 103.1 62,144 7.9 860,105 102.1 35,671 4.2 975,123 105.6 71,890 7.8 998,993 98.5 57,945 5.7 988,883 86.8 149,786 13.1 1,309,218 103.4 30,187 2.4 1,360,035 99.5 52,531 3.8 1,484,311 98.9 68,584 4.6 1,608,827 98.9 84,550 5.2 ---PAGE BREAK--- DEBT CAPACITY INFORMATION ---PAGE BREAK--- 119 CITY OF LARAMIE, WYOMING COMPUTATION OF LEGAL DEBT MARGIN – GENERAL OBLIGATION End of Fiscal Year 2008-2009 Assessed value 196,444,119 $ Debt limit 4% of assessed value 7,857,765 Total amount of debt applicable to debt limit - Legal debt margin 7,857,765 $ Total Net Debt Applicable to Total Debt Amount Limit as a Applicable To Percentage of Fiscal Year Debt Limit Debt Limit Legal Debt Margin Debt Limit 2000 3,897,328 $ - $ 3,897,328 $ 0.00% 2001 4,316,749 - 4,316,749 0.00% 2002 4,618,806 - 4,618,806 0.00% 2003 5,068,785 - 5,068,785 0.00% 2004 5,346,770 - 5,346,770 0.00% 2005 5,693,345 - 5,693,345 0.00% 2006 6,329,158 - 6,329,158 0.00% 2007 6,837,287 - 6,837,287 0.00% 2008 7,501,822 - 7,501,822 0.00% 2009 7,857,765 - 7,857,765 0.00% ---PAGE BREAK--- 120 CITY OF LARAMIE, WYOMING COMPUTATION OF DIRECT AND OVERLAPPING DEBT End of Fiscal Year 2000 2001 2002 2003 Overlapping Net Debt Outstanding Albany County School District One 7,580,000 $ 6,670,000 $ 5,725,000 $ 4,910,000 $ Percentage applicable to City 59.44% 59.44% 59.44% 59.44% City's Estimated Share of Overlapping Debt 4,505,552 3,964,648 3,402,940 2,918,504 Overlapping Net Debt Outstanding Albany County Jail/Communications Center 1,000,000 700,000 375,000 - Percentage applicable to City 59.44% 59.44% 59.44% 59.44% City's Estimated Share of Overlapping Debt 594,400 416,080 222,900 - City Direct Debt - - - - Total Direct and Overlapping Debt 5,099,952 $ 4,380,728 $ 3,625,840 $ 2,918,504 $ Note: Source - Albany County Treasurer ---PAGE BREAK--- 121 2004 2005 2006 2007 2008 2009 3,755,000 $ 2,840,000 $ 1,910,000 $ 965,000 $ - $ - $ 59.44% 59.44% 59.44% 59.44% 59.44% 59.44% 2,231,972 1,688,096 1,135,304 573,596 - - - - - - - - 59.44% 59.44% 59.44% 59.44% 59.44% 59.44% - - - - - - - - - - - - 2,231,972 $ 1,688,096 $ 1,135,304 $ 573,596 $ - $ - $ ---PAGE BREAK--- 122 CITY OF LARAMIE, WYOMING RATIO OF OUTSTANDING DEBT BY TYPE Last Ten Fiscal Years General Total Obligation Notes Capital Governmental Fiscal Year Bonds Payable Leases Activities 2000 - $ 10,555,739 $ 95,459 $ 10,651,198 $ 2001 - 10,779,384 229,087 11,008,471 2002 - 10,296,269 861,851 11,158,120 2003 - 10,000,000 19,785,153 29,785,153 2004 - 10,248,382 17,527,584 27,775,966 2005 - 10,223,853 15,685,862 25,909,715 2006 - 10,197,698 13,758,675 23,956,373 2007 - 10,169,810 13,379,589 23,549,399 2008 - 10,140,074 11,327,402 21,467,476 2009 - 10,108,367 9,609,312 19,717,679 Governmental Activities ---PAGE BREAK--- 123 Total Total Percentage Revenue Notes Capital Business-Type Primary of Personal Bonds Payable Leases Activities Government Income Per Capita 525,000 $ 18,745,169 $ 114,826 $ 19,384,995 $ 30,036,193 $ 4.20% 1,101.84 $ - 20,441,354 137,457 20,578,811 31,587,282 4.25% 1,161.13 4,240,000 17,841,757 64,602 22,146,359 33,304,479 4.19% 1,224.25 4,040,000 17,181,546 3,376,777 24,598,323 54,383,476 6.46% 1,999.10 3,815,000 15,398,424 2,923,501 22,136,925 49,912,891 5.65% 1,851.64 3,590,000 14,798,803 2,453,722 20,842,525 46,752,240 5.00% 1,768.17 3,360,000 13,974,888 2,016,008 19,350,896 43,307,269 4.51% 1,637.88 3,110,000 13,222,972 1,536,844 17,869,816 41,419,215 4.18% 1,566.48 2,850,000 12,868,715 1,038,598 16,757,313 38,224,789 3.62% 1,405.12 4,625,000 10,499,848 818,682 15,943,530 35,661,209 3.16% 1,310.88 Business-Type Activities ---PAGE BREAK--- 124 CITY OF LARAMIE, WYOMING RATIO OF GENERAL BONDED DEBT OUTSTANDING Last Ten Fiscal Years Percentage of General Actual Taxable Bonded Debt Value of Fiscal Year Outstanding Property Per Capita 2000 - $ 0.00% - $ 2001 - 0.00% - 2002 - 0.00% - 2003 - 0.00% - 2004 - 0.00% - 2005 - 0.00% - 2006 - 0.00% - 2007 - 0.00% - 2008 - 0.00% - 2009 - 0.00% - ---PAGE BREAK--- 125 CITY OF LARAMIE, WYOMING RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES Last Ten Fiscal Years Ratio of Debt Service to Total Debt Total General General Fiscal Year Principal Interest Service Expenditures Expenditures 2000 - $ - $ - $ 13,617,567 $ 0.00% 2001 - - - 15,550,063 0.00% 2002 - - - 14,963,558 0.00% 2003 - - - 16,061,582 0.00% 2004 - - - 16,237,272 0.00% 2005 - - - 21,791,731 0.00% 2006 - - - 20,364,802 0.00% 2007 - - - 24,217,359 0.00% 2008 - - - 24,886,266 0.00% 2009 - - - 28,226,977 0.00% Notes: Includes General and Debt Service Funds Includes General, Special Revenue and Debt Service Funds Tax Supported Debt ---PAGE BREAK--- DEMOGRAPHIC AND ECONOMIC INFORMATION ---PAGE BREAK--- 126 CITY OF LARAMIE, WYOMING DEMOGRAPHIC AND ECONOMIC STATISTICS Last Ten Fiscal Years Date of Incorporation: December 12, 1873 Form of Government: Council-Manager Total Per Capita Personal Median Unemployment Fiscal Year Income Income Age Rate % Enrollment 2000 27,260(6) $ 21,863(2) 715,337,000 $ 25.6 2.1 3,885 2001 27,204(7) 23,335 742,831,000 25.3 1.9 3,791 2002 27,204(7) 24,989(2) 795,661,000 26.7 2.2 3,790 2003 27,204(7) 36,639(2) 841,571,000 26.7 1.8 3,659 2004 26,956(6) 27,998(2) 882,802,000 26.7 1.7 3,639 2005 26,441(6) 29,810(2) 935,936,000 28.6 3.0 3,559 2006 26,441(6) 30,524(2) 961,022,000 30.3 2.9 3,485 2007 26,441(6) 30,810(2) 991,318,000 26.8 3.0 3,491 2008 27,204(6) 28,077(2) 1,055,684,000 26.7 2.4 3,507 2009 27,204(6) 24,339(3) 1,129,523,000 25.3 2.5 3,544 Sources: Wyoming Department of Education 2003 Census. U.S. Commerce Department-Bureau of Economic Analysis, Albany County amounts Bureau of Labor Statistics (10) Wikipedia Population Wyoming Department of Administration and Fiscal Control, Wyoming Population & Employment Forecast Report Wyoming Employment Security Commission, fourth quarter average wage for covered employment, Albany County figures. U.S. Bureau of Census. Population of Laramie includes University of Wyoming students. Wyoming Employment Security Commission, Research and Analysis, Albany County figures. State of Wyoming Department of Administration and Information Division of Economic Analysis. ---PAGE BREAK--- 127 Education Number of Centers Teachers Area (10) 15 302 11 Sq. Miles 15 327 11 Sq. Miles 15 329 11 Sq. Miles 15 331 11 Sq. Miles 15 330 11 Sq. Miles 15 332 11 Sq. Miles 18 331 11 Sq. Miles 18 316 11.1 Sq. Miles 19 414 11.1 Sq. Miles 19 322 11.1 Sq. Miles ---PAGE BREAK--- 128 CITY OF LARAMIE, WYOMING MAJOR EMPLOYERS IN ALBANY COUNTY Current Year and Nine Years Ago Percentage of Total City Rank Employer Type of Business Employees Employment 1 University of Wyoming University 5,237 32.47% 2 Albany County School District Educational 513 3.18% 3 Ivinson Memorial Hospital Healthcare 490 3.04% 4 Wal-Mart Stores, Inc. Retail 400 2.48% 5 City of Laramie City Government 304 1.89% 6 Petro Stopping Center Filling Stations: Gasoline 300 1.86% 7 WyoTech (Titan Schools, Inc.) Educational 250 1.55% 8 Albany County County Government 247 1.53% 9 ARK Regional Services Non-Profit 200 1.24% 10 Trihydro Environmental Consulting 172 1.07% Total 8,113 50.31% Percentage of Total City Rank Employer Type of Business Employees Employment 1 University of Wyoming University 4,975 28.09% 2 Albany County School District Educational 901 5.09% 3 Ivinson Memorial Hospital Healthcare 470 2.65% 4 Albany County County Government 366 2.07% 5 Wyoming Technical Institute Educational 355 2.00% 6 City of Laramie City Government 277 1.56% 7 Wal-Mart Stores, Inc. Retail 275 1.55% 8 Foster's, Inc Hotel 205 1.16% 9 ARK Regional Services Non-Profit 159 0.90% 10 Rocky Mountain Forest Products Manufacturing 132 0.75% Total 8,115 45.82% Source Laramie Economic Development Corporation Fiscal Year 1999 Fiscal Year 2009 ---PAGE BREAK--- OPERATING INFORMATION ---PAGE BREAK--- 129 CITY OF LARAMIE, WYOMING FULL-TIME EQUIVALENT CITY OF LARAMIE EMPLOYEES AND OTHER OPERATING STATISTICS Last Ten Fiscal Years Fiscal Total City Administrative General Year Employees Manager Services Judicial Legal Government Fire Police 2000 227.8 3.0 7.0 2.5 2.0 61.9 39.5 75.7 2001 234.1 3.0 8.0 3.0 2.0 61.4 43.5 77.0 2002 236.5 3.0 8.0 2.0 - 62.0 45.0 80.0 2003 236.5 3.5 9.0 2.0 - 66.1 43.0 80.0 2004 239.0 3.5 8.0 3.0 - 66.1 43.0 80.0 2005 241.0 4.0 10.0 3.0 - 60.1 43.0 78.5 2006 249.5 5.0 12.5 3.0 - 64.1 42.0 78.5 2007 264.5 5.0 13.5 4.0 3.0 67.5 42.0 81.0 2008 267.3 4.7 14.0 4.0 3.5 69.8 43.0 79.8 2009 271.3 4.7 15.0 4.0 3.5 69.3 43.0 79.8 Budgeted Full-Time Equivalent City Government Employees by Function Per City of Laramie Budget Book ---PAGE BREAK--- 130 Building Number Number Code & Highways Parks & Miles of Number of Permits of Fire of Police Engineering & Streets Recreation Streets Street Lights Issued Stations Stations 8.0 15.4 12.8 137 990 1,419 2 1 8.0 15.4 12.8 138 1,002 1,419 2 1 8.0 15.0 13.5 138 1,002 1,468 2 1 8.0 11.4 13.5 140 1,010 389 2 1 8.0 10.9 16.5 142 1,012 426 2 1 10.0 10.9 21.5 142 1,012 443 2 1 11.0 10.9 22.5 143 1,013 369 2 1 12.0 12.0 24.5 180 1,040 1,556 2 1 12.0 12.0 24.5 185 1,060 1,787 2 2 12.5 13.0 26.5 187 1,070 2,064 2 1 ---PAGE BREAK--- 131 CITY OF LARAMIE, WYOMING CAPITAL ASSET STATISTICS Last Ten Fiscal Years Acres of Estimated Feet of Feet of Landfill Fiscal Number of Daily Water Water Sewer Capacity Number of Number of Year Customers Consumption Lines Lines Used Parks Libraries 2000 7,513 6,400,000 955,680 712,800 2.7 15 1 2001 7,612 7,200,000 955,680 712,800 2.9 15 1 2002 7,633 7,200,000 955,680 712,800 2.7 15 1 2003 7,789 7,200,000 1,017,979 748,089 2.9 15 1 2004 7,805 7,200,000 1,017,979 748,089 3.1 15 1 2005 7,815 7,200,000 1,017,979 748,089 2.8 15 1 2006 7,865 7,200,000 1,075,688 748,089 2.7 15 1 2007 8,165 4,020,607 1,154,436 860,640 2.5 15 1 2008 8,162 5,010,027 1,156,742 860,640 3.0 15 1 2009 8,600 5,500,000 1,161,600 897,600 4.8 16 1 Municipal Water Department Per City of Laramie Public Works Department ---PAGE BREAK--- 132 CITY OF LARAMIE, WYOMING PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS Last Ten Fiscal Years Number of Number of Fiscal Year Units Value Units Value 2000 16 12,613,938 $ 48 7,481,448 $ 2001 13 5,477,376 62 13,568,581 2002 10 4,400,620 75 8,927,034 2003 13 12,375,751 44 9,513,385 2004 13 11,410,003 48 9,215,708 2005 14 10,558,698 52 9,852,369 2006 17 14,225,563 63 10,125,421 2007 18 47,176,236 89 13,304,588 2008 19 45,718,713 122 12,391,155 2009 16 45,985,059 105 13,450,080 Notes: City of Laramie Community Development Department www2.fdic.gov/sod Albany County Assessor estimated actual values Commercial Construction Residential Construction ---PAGE BREAK--- 133 Bank Deposits (Thousands) Property Value 296,951 $ 1,025,612,694 $ 310,719 1,135,986,649 311,247 1,215,475,358 327,518 1,296,123,158 336,100 1,407,044,768 347,799 1,498,248,789 351,488 1,665,567,979 377,405 1,799,286,032 385,112 2,067,935,916 451,665 2,111,405,072 ---PAGE BREAK--- 134 CITY OF LARAMIE, WYOMING INSURANCE IN FORCE End of Fiscal Year 2008-2009 Policy Number From To Casualty Insurance: Wyoming Association for Risk Management- an intergovernmental Risk Sharing Pool None 7/1/2008 6/30/2009 Property: Driver Alliant Insurance Services All risk of direct physical loss or damage 7/1/2008 6/30/2009 Earthquake 7/1/2008 6/30/2009 Flood 7/1/2008 6/30/2009 Police Professional Liability Policy: Compass Insurance Company Type of Coverage and Name of Company ---PAGE BREAK--- 135 Liability Limits Annual Premiums Scheduled exposure, general liability, automobile liability, $250,000 per claimant 180,438 $ watercraft liability, public officials errors and omissions liability, personal injury liability, civil rights liability and sudden accidental pollution Per occurrence and annual aggregate 500,000,000 $ Per occurrence and annual aggregate 25,000,000 $ Per occurrence and annual aggregate 25,000,000 $ 62,197 $ Personal injury, bodily injury, property damage due to $250,000 each person Policy carried and paid negligent acts, errors and omissions of law enforcement $500,000 each accident for by Wyoming officers Department of Administration and Fiscal Control pursuant to W.S. 9-712-10, 1957 Details of Coverage ---PAGE BREAK--- 136 CITY OF LARAMIE, WYOMING SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS For Fiscal Year Ended June 30, 2009 Name and Title of Official Annual Salary Amount of Surety Bond Janine Jordan City Manager $107,120 $10,000 blanket coverage Malea Brown Administrative Services Director $102,170 $50,000 Jodi Guerin Mayor and President $50 per meeting attended None of City Council David C. Clark City Attorney $91,666 $10,000 Tony Lopez Municipal Judge $50,000 $10,000 All other employees $10,000 blanket coverage ---PAGE BREAK--- 137 CITY OF LARAMIE, WYOMING ANNUAL BUDGET PROCESS Step Date 1 Mid-December Six month budget worksheets, five year capital and equipment schedules distributed to Department Heads. 2 Last week of Five year capital and equipment requests and schedules are due from Department January Heads. 3 Mid-February Operating budget worksheets and forms are due from Department Heads. 4 First week of March Review five year capital and equipment requests and schedules with City Council. 5 March City Manager, Assistant City Manager, and Director of Administrative Services meet with Department Heads to review the budget requests. 6 First week of April Tentative budget by departmental total presented to City Council. 7 First week of May Detailed working budget is distributed to City Council. 8 Second week of May Budget work sessions with City Council, City Manager and Assistant City Manager. 9 First Sunday in June Publish budget summary. 10 Third Tuesday in June Conduct public hearing on proposed budget. 11 The day following public hearing Adoption of the final budget by City Council. 12 End of August Final budget is printed and distributed.