RubinBrown is pleased to present its twelfth annual Public Sector Municipal Statistical Analysis. Municipalities surveyed in the Denver region over the past five years indicate conditions continue to improve and have been since 2013.
This analysis has been created in order to provide a comprehensive report of key government-wide and governmental-fund financial statistics for the regions the firm serves so that city governments may compare how they are doing relative to other municipal governments in their region.
This year, 32 Denver Front Range municipalities participated in the survey. The average population of the cities included in the Denver region was 83,000; the median change in net position for this region was an increase of 5.5%. This is the second year in a row that net position increased greater than 5%.
Median tax revenue per capita for Denver municipalities rose 2.8% to $964 during the past year, as compared to $937 during 2016. Expense growth continues to out-pace revenues causing continued reliance on other sources of revenues.
Long-term debt per capita in the Denver region (which excludes pension or other non-bonded debt) continues to increase due to increased debt activity in the region. This differs from St. Louis and Kansas City – possibly due to stronger population growth and increased capital activity.
Finally, the median general fund unrestricted fund balance as compared to expenditures decreased significantly in 2017 as compared to the increase in 2016. Total expenditures plus net transfers out in the general fund increased 5.0% in 2017 and unrestricted fund balance for all cities decreased 2.0%.
RubinBrown encourages each finance officer to share the results of this analysis with the city's chief executive officer and governing body to help key officials understand how their city compares to that of their peers.
RubinBrown’s Public Sector Services Group provides services to a broad spectrum of government organizations, including city and county governments, institutions of higher education, local public school districts, state governments and political districts such as public libraries, municipal utility districts and fire districts.
Founded in 1952, RubinBrown’s team members establish best practices within specific industry segments and work to serve the community both inside and outside the workplace. RubinBrown’s mission is to help clients build and protect value, while at all times honoring the responsibility to serve the public interest.
RubinBrown is an independent member of Baker Tilly International, a high-quality, dedicated network of 125 independent firms in 147 countries. For more information, visit www.rubinbrown.com.
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