Rations of Newport city
|REVENUE PER CAPITA||total operating revenue/population||4433.447||4192.071|
|expenditure per capita||total operating expenditures/population||4996.022||4864.544|
|employees per capita||number of municipal employees/population per house hold||363918.8||4189197|
|operating position measures|
|revenue over expenditures||total operating revenue/total operating expenses||expenses||1.132677||1.112413|
|operating surplus deficit||general funds operating surplus deficit/general funds operating revenue||0.140901||0.19|
|fund balance||general fund balance/operating revenue||0.131759||0.12|
|liquidity||cash and short term investment/current liabilities||3.304747||3.1|
|long-term debt||general obligations long-term debt/assessed valuation||2.3||2.1|
|current liabilities||current liabilities/operating revenue||0.014331||0.254162|
|unfunded liability measures|
|pension obligations||pension obligations/wages and salaries||16.81014||15.1|
|funded ratio||value of pension plan assets/||accrued pension plan liability||1.442026||1.3|
|capital plan indicators||capital outlay from operating funds/operating expenditures||0.079715||0.01|
Per capita income is increasing it is indicating that city would be able to provide existing services to its citizens. Ratio of revenue over expenditures is showing good results. It is indicating that it has higher revenues than its expenditures. Ratio of revenue over expenditures is showing good results. It is indicating that revenue available to government is higher than its expenditures of operations. Operating surplus deficit is showing average results. It has been result as compared to previous year. It is good for government as its deficit is reducing. General fund balance is comparing its general funds with revenue from operations. It has increased slightly as compared to previous year.
Liquidity position of company is strong. It has more cash and cash equivalents as compared to its current liabilities. Its long-term debts have increased as compared to previous year. Pension obligations have increased. It is not showing good sign for company. Funded ratio is calculated by dividing pension liabilities to pension assets. Overall ratios are providing good results of city operations.
Comments of financial position
Its assets are more than its liabilities in both financial years. Net position in 2014 of government has also increased by $14,107,450. Net position from activities of government has also increased. Activities from business have also increased. Fund balance has increased in fiscal year 2014 by $141,779. Overall position of city is showing improvements as compared to previous year. Funds balance exceeds from its expenditures by 14% in 2014. Its debt obligations have increased as compared to previous year. Total net position of city is showing improvement. Net position in 2014 has increased as compared to previous year. Total liabilities in 2014 decreased. Total revenue has also been improved.