Foster, McCollum, White & Associates _______________________________________________________________________ 1 | Page FMW Restructuring Plan Fiscal & Budget Analysis Blue print Net Assets by Component – Last 11 years (Accrual Basis of Accounting) Primary Gove rnme nt 2012 2011 2010 2009 2008 Invested in Capital Assets, net of related debt $1,851,247,679.00 $1,147,949,388.00 $1,499,565,300.00 $1,330,298,586.00 $1,302,206,273.00 Restricted assets $535,759,198.00 $413,459,055.00 $378,192,962.00 $490,008,158.00 $462,796,154.00 Unrestricted assets (deficit) -$2,758,980,782.00 -$1,590,416,800.00 -$1,612,643,641.00 -$920,223,470.00 -$501,465,925.00 Total primary government (all fund balances) net assets (value of all assets to pay all debts if forced to liquidate) -$371,973,905.00 -$29,008,357.00 $265,114,621.00 $900,083,274.00 $1,263,536,502.00 Increase (decrease) in net assets value in dollars ($342,965,548.00) ($294,122,978.00) ($634,968,653.00) ($363,453,228.00) ($476,648,131.00) Percentage of increase (decrease) in net assets value (92.20%) (1013.92%) (239.51%) (40.38%) (37.72%) Primary Gove rnme nt 2007 2006 2005 2004 2003 2002 Invested in Capital Assets, net of related debt $1,742,686,643.00 $1,517,118,440.00 $1,612,754,945.00 $1,486,537,030.00 $1,571,977,629.00 $1,552,455,158.00 Restricted assets $424,355,600.00 $414,872,412.00 $318,267,522.00 $284,287,288.00 $233,914,742.00 $171,281,980.00 Unrestricted assets (deficit) -$426,857,610.00 -$230,936,220.00 -$305,524,319.00 -$31,633,279.00 $215,420,153.00 $259,717,089.00 Total primary government (all fund balances) net assets (value of all assets to pay all debts if forced to liquidate) $1,740,184,633.00 $1,701,054,632.00 $1,625,498,148.00 $1,739,191,039.00 $2,021,312,524.00 $1,983,454,227.00 Increase (decrease) in net assets value in dollars $39,130,001.00 $75,556,484.00 ($113,692,891.00) ($282,121,485.00) $37,858,297.00 $0.00 Percentage of increase (decrease) in net assets value 2.25% 4.44% (6.99%) (16.22%) 1.87%
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Fmw 17 point plan fiscal & budget analysis blue print
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Unrestricted assets (deficit) -$2,758,980,782.00 -$1,590,416,800.00 -$1,612,643,641.00 -$920,223,470.00 -$501,465,925.00 Total primary government (all fund
balances) net assets (value of all assets to pay all debts if forced to
liquidate) -$371,973,905.00 -$29,008,357.00 $265,114,621.00 $900,083,274.00 $1,263,536,502.00 Increase (decrease) in net assets
value in dollars ($342,965,548.00) ($294,122,978.00) ($634,968,653.00) ($363,453,228.00) ($476,648,131.00)
Percentage of increase (decrease) in net assets value (92.20%) (1013.92%) (239.51%) (40.38%) (37.72%)
Primary Government 2007 2006 2005 2004 2003 2002 Invested in Capital Assets, net
of related debt $1,742,686,643.00 $1,517,118,440.00 $1,612,754,945.00 $1,486,537,030.00 $1,571,977,629.00 $1,552,455,158.00
Total primary government (all fund balances) net assets
(value of all assets to pay all debts if forced to liquidate) $1,740,184,633.00 $1,701,054,632.00 $1,625,498,148.00 $1,739,191,039.00 $2,021,312,524.00 $1,983,454,227.00
Increase (decrease) in net assets value in dollars $39,130,001.00 $75,556,484.00 ($113,692,891.00) ($282,121,485.00) $37,858,297.00 $0.00 Percentage of increase
(decrease) in net assets value 2.25% 4.44% (6.99%) (16.22%) 1.87%
Invested in Capital Assets, net of related debt $1,510,436,097.36
Restricted assets $375,199,551.91
Unrestricted assets (deficit) ($718,504,073.09) Total primary government (all fund balances) net assets (value of all assets to pay all debts if forced to liquidate)
Increase (decrease) in net assets value in dollars ($214,129,830.18) Percentage of increase (decrease) in net assets value
Financial Trends – Changes in Net Assets, Last 11 years (Accrual Basis of Accounting)
Primary Government 2012 2011 2010 2009 2008
General Fund Agencies Expenses ( Public Protection, Public Works, Health, Recreation, Economic Development,
Education Workforce Development, Housing Supply, Physical Environment, Trans portation Facilitation,
Development and Management & Interest on Long-Term Debt)- Actual $1,591,887,270.00 $1,664,573,829.00 $1,731,088,554.00 $1,882,760,656.00 $1,822,392,858.00
Enterprise Agencies (DWSD, DDOT, Municipal Parking, Airport, Housing) Expenses - Actual $1,053,291,161.00 $1,092,405,056.00 $1,006,405,056.00 $1,025,915,310.00 $1,020,407,636.00
Total Detroit Government Expenses - Actual $2,645,178,431.00 $2,756,978,885.00 $2,737,493,610.00 $2,908,675,966.00 $2,842,800,494.00
General Fund Agencies Revenues - Fee for services, grants and contributions $660,832,564.00 $715,836,258.00 $701,141,034.00 $729,593,756.00 $720,832,672.00
General Fund Tax Revenues $865,455,603.00 $950,117,733.00 $928,941,204.00 $1,004,255,503.00 $1,052,885,670.00
General Fund Investment Earnings $8,366,960.00 $8,606,985.00 $8,832,971.00 $7,056,295.00 $19,189,619.00
General Fund miscellaneous revenues $2,578,822.00 $3,595,798.00 $6,618,964.00 $9,273,309.00 $13,586,014.00
General Fund Gain (loss) on dis posal (sale) of capital assets $0.00 -$528,568.00 -$27,775.00 -$5,204,095.00 -$278,706.00
General Fund S pecial items $0.00 -$9,865,937.00 $49,980,314.00 $0.00 $0.00
General Fund Transfers -$87,675,853.00 -$73,390,635.00 -$74,579,168.00 -$73,992,223.00 -$101,438,533.00
Total General Fund Net Revenues $1,449,558,096.00 $1,594,371,634.00 $1,620,907,544.00 $1,670,982,545.00 $1,704,776,736.00
Enterprise Agencies Revenues - Fee for services, grants and contributions $915,594,971.00 $870,422,699.00 $816,868,701.00 $819,913,588.00 $807,039,468.00
Trans portation Facilitation, Development and Management & Interest on Long -Term Debt)-
Actual $1,705,401,917.00 $1,792,857,914.00 $1,931,233,247.00 $1,956,233,247.00 $1,810,574,440.00 $1,699,004,185.00
Enterprise Agencies (DWSD, DDOT, Municipal Parking, Airport, Housing) Expenses - Actual $982,611,018.00 $806,330,459.00 $621,857,340.00 $617,441,215.00 $808,328,139.00 $772,352,152.00
Total Detroit Government Expenses - Actual $2,688,012,935.00 $2,599,188,373.00 $2,553,090,587.00 $2,573,674,462.00 $2,618,902,579.00 $2,471,356,337.00
General Fund Agencies Revenues - Fee for services, grants and contributions $768,586,960.00 $677,517,431.00 $789,722,422.00 $749,387,091.00 $672,198,675.00 $732,948,381.00
General Fund Tax Revenues $1,070,028,944.00 $1,127,036,339.00 $1,023,857,944.00 $1,028,879,068.00 $1,061,279,508.00 $1,083,016,233.00
General Fund Investment Earnings $24,075,811.00 $18,396,691.00 $14,464,802.00 $4,500,270.00 $5,690,589.00 $18,146,740.00
General Fund miscellaneous revenues $37,634,868.00 $22,780,845.00 $9,984,374.00 $13,624,695.00 $7,758,701.00 $21,179,610.00
General Fund Gain (loss) on dis posal (sale) of capital assets -$31,728.00 -$308,855.00 -$3,551,036.00 -$451,750.00 $6,753,937.00 $0.00
General Fund S pecial items $0.00 $0.00 $0.00 $0.00 $132,000,000.00 $0.00
General Fund Transfers -$71,720,196.00 -$35,227,632.00 -$89,585,306.00 -$77,108,036.00 -$79,275,808.00 -$85,569,251.00
Total General Fund Net Revenues $1,828,574,659.00 $1,810,194,819.00 $1,744,893,200.00 $1,718,831,338.00 $1,806,405,602.00 $1,769,721,713.00
Enterprise Agencies Revenues - Fee for services, grants and contributions $756,499,009.00 $761,278,893.00 $589,264,170.00 $587,447,846.00 $748,627,642.00 $701,440,037.00
General Fund Agencies Expenses ( Public Protection, Public Works, Health, Recreation, Economic Development, Education Workforce Development, Housing Supply, Physical Environment, Transportation Facilitation, Development and Management & Interest on Long-
Term Debt)- Actual $1,780,728,010.64
Enterprise Agencies (DWSD, DDOT, Municipal Parking, Airport, Housing) Expenses - Actual $891,576,776.55
Total Detroit Government Revenues - Actual $2,672,304,787.18
General Fund Agencies Revenues - Fee for services, grants and contributions $719,872,476.73
General Fund Tax Revenues $1,017,795,795.36
General Fund Investment Earnings $12,484,339.36
General Fund miscellaneous revenues $13,510,545.45
General Fund Gain (loss) on disposal (sale) of capital assets ($329,870.55)
General Fund Special items $15,646,761.55
General Fund Transfers ($77,232,967.36)
Total General Fund Net Revenues $1,701,747,080.55
Enterprise Agencies Revenues - Fee for services, grants and contributions $761,308,820.36
State Hotel & Liquor tax $0.00 $0.00 $2,969,380.00 $17,367,715.00 $16,220,140.00
Other Taxes and Assessments $16,528,509.00 $17,373,679.00 $15,404,967.00 $12,878,272.00 $13,283,748.00
State Shared Taxes (Revenue Sharing) $173,292,222.00 $239,342,109.00 $239,047,211.00 $268,246,565.00 $272,569,363.00
Interest & penalties on taxes $4,264,747.00 $7,554,054.00 $9,332,781.00 $10,696,529.00 $10,857,112.00
General Fund Tax Revenues $865,455,603.00 $950,117,733.00 $928,941,204.00 $1,004,255,503.00 $1,052,885,670.00
Increase (decrease) in general fund tax revenue in dollars ($84,662,130.00) $21,176,529.00 ($75,314,299.00) ($48,630,167.00) ($17,143,274.00)
Percentage of increase (decrease) in general fund tax revenue (-9.78%) 2.23% (-8.11%) (-4.84%) (-1.63%)
2012 2011 2010 2009 2008
Annual Average Trend - 2002 to 2012 General Fund tax revenues total $1,027,475,768.11 $938,018,041.30 $1,056,404,901.13 $1,063,854,815.14 $1,065,683,006.00
Actual General Fund Tax Revenues $865,455,603.00 $950,117,733.00 $928,941,204.00 $1,004,255,503.00 $1,052,885,670.00
Increase (decrease) in actual general fund tax revenue versus historic average trend for
general fund tax revenues in dollars ($162,020,165.11) $12,099,691.70 ($127,463,697.13) ($59,599,312.14) ($12,797,336.00)
Percentage of increase (decrease) in actual general fund tax revenue versus historic
average trend for general fund tax revenues (-15.77%) 1.29% (-12.07%) (-5.60%) (-1.20%)
State financial assistance tied to funding capital equipment
purchases
General Fund Transfers $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Agencies that required subsidy will be off shored into authorities
Total General Fund Net Revenues $1,505,428,247.50 $1,444,443,421.81 $1,444,443,421.81 $1,463,140,478.51 $1,550,343,999.05 $1,668,857,969.71 Enterprise Agencies Revenues - Fee