HomeMy WebLinkAbout2009CAFRshkosh
ANNUAL FII{AI{CIAL REPORT
Including Auditor's Report
For the fiscal year ending December 31r 2009
ON THE WATER
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2009
Table of Contents
INTRODUCTORY SECTION
Letter of Transmittal
Council Members and Principal Officers
The City
Oshkosh Unifred School District
FINANCIAL SECTION
Independent Auditors' Report
Management's I)iscussion and Analysis
Basic Financial Statements
Government-wide Financial Statements
Statement of Net Assets
Statement of Activities
Fund Financial Statements
Balance Sheet - Governmental Funds
Reconciliation of the Balance Sheet of Govemmental Funds to the
Statement of Net Assets
Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds
Reconciliation of Statements of Revenues, Expenditures and Changes
in Fund Balances of Governmental Funds to the Statement of Activities
Statement ofRevenues, Expenditures and Changes inFund Balance -
Budget and Actual - General Fund
Statement ofNet Assets - Proprietary Funds
Statement of Revenues, Expenses and Changes in Net Assets-Proprietary Funds
Statement of Cash Flows-Proprietary Funds
Statement of Net Assets-Fiduciary Funds
Notes to Basic Financial Statements
Page No.
t-3
4
5-8
9
10-11
t2 -2t
22
23
24
25
26
27
28
29
30
31
32
33-60
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December31,2009
Table of Contents
Required Supplemental Information
Schedule of other Post Employment Benefit Information
Other Supplemental Information
Combining Balance Sheet - Non-major Governmental Funds
Combining Statement of Revenues and Expenditures and Changes
in Fund Balances - Non-major Govemmental Funds
Combining Statement of Net Assets-Nonmajor Other Proprietary Funds
Combining Statement of Revenues, Expenses and Changes in Fund Net Assets -
Nonmajor Other Proprietary Funds
Combining Statement of Cash Flows-Nonmajor Other Proprietary Funds
Combining Statement of Net Assets - lnternal Service Funds
Combining Statement of Revenues, Expenses and Changes in Fund Net Assets
lnternal Service Funds
Combining Statement of Cash Flows - Internal Service Funds
Combining Balance Sheet - Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances -
Nonmajor Special Revenue Funds
Combining Balance Sheet - Nonmajor Capital Project Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances -
Nonmajor Capital Projects Funds
Page No.
6l
62
63
64
65
66
67
68
69
70
7t
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2009
Table of Contents
STATISTICAL SECTION
This part of the City of Oshkosh, Wisconsin's comprehensive annual financial
report presents detailed information as a context for understanding what the
information in the financial statements, note disclosures, and required
supplementary information Says about the city's overall financial health.
Contents
tr'inancial Trends
Exhibit No.
A-1 through Ä-5
Page No.
74 -80
123 - 130
These reports and schedules contain trend information to help the reader understand how
the city's financial performance and well-being have changed over time.
Revenue Capacity A-6 through A-10 81-85
These schedules contain information to help the reader assess the city's most
signihcant local revenue source, the property tax.
Debt Capacity A-11 through A-15 86 - 110
These schedules present information to help the reader assess the affordability
of the cþ's current levels of outstanding debt and the city's ability to issue
additional debt in the future.
Economic and Demographic Information A-16 through A-26 ttl -r22
These schedules present information to help the reader understand the environment
within which the city's hnancial activities take place.
Operating Information A-27 through A-29
These schedules contain information to help the reader understand how the city's
financial report relates to the services the city provides and the activities it performs.
INTRODUCTORY SECTION[
CITY HALL
215 Church Avenue
PO, Box 1130
Oshkosh, Wisconsin City of Oshkosh
June 30,2010
Honorable Mayor and Council Members,
City of Oshkosh:
The Annual Financial Report of the City of Oshkosh, Wisconsin, for the fiscal year ended
December 37,2009, is submitted herewith. This report was prepffed by the City's Department
of Finance. Responsibility for both the accuracy of the presented data and the completeness and
faimess of the presentation, including all disclosures, rest with the City. We believe the data as
presented is accurate in all material respects; that it is presented in a mrmner designed to fairly
set forth the financial activities of the City and its various funds and account groups; and that all
the disclosures necessary to enable the reader to gain the maximum understanding of the City's
financial activities have been included.
ACCOUNTING SYSTEM AND BUDGETARY CONTROL
The City's accounting records for general government operations are maintained on a
modified accrual basis, with the revenues being recorded when available and measurable and
expenditures being recorded when the services or goods are received and the liabilities are
incurred. Accounting records for the City's utilities and other enterprise funds are maintained on
the accrual basis.
In deveioping and modifying the Cþ's accounting system, consideration is given to the
adequacy ofinternal accounting controls. Internal accounting controls are designed to provide
reasonable, but not absolute, assurance regarding:
1) the safeguarding of assets against loss from unauthorized use or disposition and
2) the reliability of financial records for preparing f,rnancial statements and maintaining
accountability for assets.
The concept ofreasonable assurance recognizes that:
1) the cost of a control should not exceed the benefits likely to be derived and
2) the evaluation of costs and benefrts requires estimates and judgment by management.
Dt
.J
Budgetary control is maintained at the sub-function level by the encumbrance of
estimated purchase amounts prior to the release of purchase orders to vendors. Purchase
orders which result in an ovemrn of sub-function balances are not released until
additional appropriations are made available. Open encumbrances are reported as
reservations of fund balance as of December 3 1, 2009.
THE REPORTING ENTITY AND ITS SERVICES
The City provides a full range of municipal services contemplated by Statute or character.
This includes police, fire, streets and sanitation, health and social services, parks, public
improvements, library and museum, mass transit, planning and zoning and general administrative
services.
The accompanying financial statements include all significant operations of the City.
A summary of this year's revenues and expenses are included in the Management's Discussion
and Analysis section which is in the financial section of this audit report.
DEBT ADMINISTRATION
The rates of net bonded debt to assessed valuation and the amount of bonded debt per
capita are useful indicators of the City's debt position to municipal management, citizens, and
investors. These data for the City of Oshkosh at the end of 2009 were as follows:
RATIO OF DEBT TO DEBT
AMOTINT EOUALIZED VALUE PER CAPITA
Direct Bonded Debt $129,657.250 3.410/" S2.014.88
Outstanding general obligation bonds at December 31, 2009 totaledïI29,657,250 of
which $283,055 were issued for Parking Utility, $15,360,167 for Sewer Utility, 512,993,791 for
Water Utility, 53,630,634 for Industrial Park Fund, $284,506 for Transit System, $29,031,828
for Tax lncremental Finance District, $38,407 for the Golf Course, $228,855 for Cable TV, and
$ I 1,508,377 for Storm'Water Utility.
On April 20,2009, $16,740,000 of Corporate Purpose Bonds, and52,945,000 of
Promissory Notes, were sold at true interest rate of 3.2177yo, and2.4|05olo respectively.
Assessed valuation of $3,712,040,700 represented an increase of l.45Yo from the
preceding year.
The City's bonds have an Aa2ratingfrom Moody's Investors Service, Inc.
CAPITAL PROJECTS FUNDS
The proceeds ofgeneral obligation bond issues are accounted for in Capital Projects
Funds until improvement projects are completed. At the end of the fiscal year, completed
projects are accumulated in the capital asset category for Govemmental Activity Funds.
INDEPENDENT AUDIT
The City is required to have an annual audit of its financial statements by independent
certified public accountants selected by the City Council. This requirement has been complied
with and the auditors' reports are included in the report.
ACKNOV/LEDGMENTS
The preparation of this report on a timely basis could not be accomplished without the
efficient and dedicated services of the entire staff of the Department of Finance. I should like to
express my appreciation to all members of the Department who assisted and contributed to its
preparation. I should also like to tha¡k the members of the City Council for their interest and
support in planning and conducting the financial operations of the City of Oshkosh in a
responsible and pro gressive manner.
Respectfully submitted,
CITY OF OSHKOSH
MARK A. ROHLOFF, City Manager
P*- SZ*,u
PEGGY STEENO, Director of Finance
MAR:PAS:lab
CITY OF OSHKOSH
COI.INCIL MEMBERS AND PRINCIPAL OFFICERS
COUNCIL MEMBERS
Paul J. Esslinger, Mayor
Jessica J. King, Deputy Mayor
Burk Tower
Tony Palmeri
Robert Poeschl
Steve Cummings
Steve Herman
PRINCIPAL OFFICERS
Mark A. Rohlofl City Manager
Peggy A. Steeno, Director of Finance
Lynn Schuhart, Assistant Director of Finance
ORGANIZATION CHART
City Council
&,
Mayor
City
Manager
Director of
Finance
Assistant Director
of Finance
TI{E CITY
The Cþ is a political subdivision of the State incorporated in 1853, is the County seat of
Winnebago County, and is located on the western shore of Lake Winnebago in the Fox River Valley 173
miles north of the Cþ of Chicago, Illinois, and275 miles east of the cities of Minneapolis and St. Paul,
Minnesota. The corporate limits of the Cþ encompass approximately 24.24 square miles and the
population is currently 64,350.
THE CITY COUNCIL
The City Council is the legislative and policy making body of the City and is composed of seven
Council Members, who are elected at large for two-year terms. The Mayor presides over Council meetings.
The Deputy Mayor presides at Council meetings in the Mayor's absence. The responsibilities of the Cþ
Council include: (i) enacting ordinances, resolutions and orders necessary for the proper governing ofthe
Cþ's affairs; (ii) reviewing and adopting the annual budget; (iii) reviewing and deciding on
recommendations from various boards and commissions; (iv) establishing policies and measures to
promote the general welfare of the Cþ and safety and health of its citizens; and (v) representing the City at
official functions with other governmental agencies and organizations. The present members of the Cþ
Council and the expiration of their respective terms of office are as follows:
Expiration
of TermName
Paul J. Esslinger
Jessica King
Burk Tower
Tony Palmeri
Robert Poeschl
Steve Cummings
Steve Herman
Title
Mayor
Deputy Mayor
Council Member
Council Member
Council Member
Council Member
Council Member
20rt
201t
20t2
20rr
201r
2012
2012
CITY ADMINISTRATION
Mayor Paul J. Esslinger was first elected to the Oshkosh Common Council in April of 2000 and
re-elected n.2002,2004,2006 and 2008. In2009, he was elected Mayor of the Cþ of Oshkosh. He is
currently the Common Council representative to the city's Grand Opera House Advisory Board and the
city's Redevelopment Authority. He has served as the Common Cou¡cil representative to the cþ's Plan
Commission, Traffrc Review Advisory Board, and was a former Chairman of the city's Landmarks
Commission.
Some of Mr. Esslinger's communþ activities and accomplishments include: Member of the Planning
Committee for the Pollock Community Water Park - a $7,000,000 water park that was a public sector and
private sector partnership. The pool is run by the Cþ of Oshkosh and was opened in 2006. Mr. Esslinger
is a2004 recipient of the Verl Franz Distinguished Leadership Award - an award presented by the Oshkosh
Committee on Aging to people that show great leadership in the community. Mayor Esslinger was also
past President of the Board of Directors for the Friends of Oshkosh Community Media (OCM).
Mr. Esslinger received an Associate Degree in Marketing from Fox Valley Technical College in Oshkosh
in 1985, and a Bachelor of Science in Business Administration degree, with a major in marketing, from
Marian College in Fond du Lac in 1993. He works as an Account Executive for Hometown Broadcasting,
which owns radio station 102.3 FM "Th Bug", and AM 1100 WTSS.
Mr. Esslinger's hobby is collecting antique and historical items from Oshkosh, mainly items from past
Oshkosh breweries such as Chief Oshkosh, People's, Rahr's and Glatz, to name a few.
Mr. Esslinger is a life long resident of Oshkosh and currently resides at2350 High Oak Drive with his wife
Jackie, Son Carson, and daughter Sydney.
The City Manager, Mark A. Rohloff, is the Chief Executive Officer for the Cþ of Osirkosh and is
responsible for planning, organizing, and directing the activities of the municipality by interpreting the City
Council determined policy, coordinating departmental efforls, handling citizen inquiry and complaints,
screening and preparing agenda materials, and recommending legislation and policy matters. Cþ Manager
Rohloff has over 25 years of experience in local government management. Mark's background has
included areas as diverse as public works, economic development, public frnance, organizational
development, and long range planning.t
Prior to coming to Oshkosh, Mr. Rohloff was Town Administrator for Grand Chute, Wisconsin;
City Administrator Berlin, Wisconsin; Assistant Cþ Manager of Rancho Palos Verdes, California; Senior
Budget Analyst for Long Beach, California; and Management Assistant in Fort Collins, Colorado. He
received his Bachelors Degree in Urban Affairs and Certificate in Business Administration from Saint
Louis University, and has Master of Public Administration from the University of Kansas.
The Director of Finance/Treasurer, Peggy A. Steeno, is responsible for the following divisions:
Assessor, Collections and Accounting, Parking, and Vy'ater and Sewer Utilities. She assists the City
Manager in preparing the City Budget and is responsible for the administration of the budgeted funds.
Prior to her appointment as Director of Finance in April 2008, Ms. Steeno was the Business and
Administrative Services Manager for the Waukesha V/ater Utility in Waukesha, Wisconsin. Prior to 1999,
Peggy was the Finance Supervisor for the Cþ of West Allis, Wisconsin. In l992,Peggy began her public
sector career in Madison, lVisconsin at the Wisconsin Deparlment of Agriculture Trade and Consumer
Protection as an Agricultural Auditor. Peggy received a MBA with double emphasis in Human Resources
and Training and Technology from the University of Wisconsin-Whitewater. She has also eamed a BA
with a double major in Managerial Accounting and German from the Universþ of Wisconsin-Stevens
Point. In addition, Peggy is a Certihed Public Accountant.
The Assistant Director of Finance, Lynn K. Marquardt, is responsible for supervising and
participating in all general, utility, and special accounting activities of the Cþ. Prior to her appointment as
Assistant Director of Finance l\2003, Ms. Marquardt worked in the City's Collections, Accounting, and
Utility divisions for over twenty-five years in various capacities ranging from cashier to officer supervisor.
Ms. Marquardt has a B. B. A. Degree with a major i¡ Finance from the University of Wisconsin-Oshkosh
and an Associate Degree in Computer Information Systems-Microcomputer Specialist from Fox Valley
Technical College.
PRINCIPAL GOVERNMENTAL SERVICES PERFORMED BY TIIE CITY
Among the services it provides, the cþ maintains and oversees the capital budget operations of
police and f,re departments, water and sewerage utilities, parking utilþ, a public library, a museum, mass
transit, planning and zoning, parks aad recreation and public works departments. Brief descriptions of
these services are set forth below.
POLICE DEPARTMENT - The Police Department, which is governed by a five member Police
and Fire Commission comprised of citizens appointed to frve-year terms by the Mayor, includes 99 sworn
ofücers and 30 full and part-time civilian emFloyees, 7 community service officers, and 18 school crossing
guards. The full-time mission of the Oshkosh Police Departrnent is to promote public safety and to
enhance the quality of life in our community tbrough imovative policing and communþ parlnerships.
FIRE DEPARTMENT - The Fire DeparÍnent provides fire protection to residents within the City
and pararnedic ambulance service to the Cþ and surrounding communities. The Fke Departrnent, which is
governed by a five member Police and Fire Commission comprised of citizens appointed to five-year terms
by the Mayor, maintains six fire stations, which house the department' s 22 pieces of fire, safety and rescue
equipment. The deparhnent has 108 full-time employees.
PLIBLIC LIBRARY - The Oshkosh Public Library serves approximately 38,000 cardholders from
Oshkosh and surrounding towns through the main library, library website, and deposit collections. Over
370,000 items in the collections are checked out over 1,110,000 times in a year and over 400,000 visits a¡e
made to the website of the library. Pursuant to ch 43.54 of the V/is State Statutes, aLibrary Board of
Trustees govems the Library.
MUSEUM - The Oshkosh Public Museum serves the community through permanent, traveling,
and virtual exhibitions, educational services and programs, publications, and research facilities. The
Museum is entrusted with the preservation, care, and documentation of 250,000 objects, as well as historic
photographs, film, and archival materials. A seven-member Board, plus two alternates, governs the
Museum.
DEPARTMENT OF PARKS -The Department of Parks develops and maintains the City's
440.28 acres of park and public areas including recreational facilities, zoo, and municipal golf cowse.
MASS TRANSIT - The Transit System consists of 17 buses serving nine routes. The buses travel
over 470,500 miles annually and provide mobility for 1,077,500 passengers. The system also provides a
variety of specialized transportation services for the communþ. A seven-member Transit Advisory Board
governs activities of the Transit System.
PARKING UTILITY - The Parking Utilþ operates nineteen off-street parking lots, containhg
1,529 parking stalls. Spaces are leased on a monthly basis in ten of the City lots consisting of 223 stalls. In
1987, a Business Improvement District was formed in the downto\ryn area. The BID assists in financing
one of the downtown lots. A five-member commission provides recommendations for the activities of the
utility.
PUBLIC V/ORKS DEPARTMENT - The Public Works Department consists of seven separate
divisions as follows:
The Engineering Division is responsible for the design and preparation of drawings and
specifications for street construction and maintenance, sidewalks, sanitary serryers, water mains, storrn
sewers, as well as construction management for these projects.
The Street Division provides for maintenance of public roadways/alleys/parking lots, and
storm/sanitary sewers within those streets. Maintenance of storrn sewer facilities includes ditching and
drainage work.
The Central Garage Division is responsible for repair, maintenance, and service of City vetricles in
twelve departments.
The Sanitation Division provides for collection of solid waste material for residential and smaller
commerciaVindustrial frms. Disposal of this solid waste is governed by agreements with the V/innebago
County Solid Waste Management Board. The Sanitation Division is also responsible for the Cþ's
recycling program.
The Water Utility operates a twenty million gallon per day water filtration plant put into operation
in 1999, operating 24 hours a day, to provide production and distribution for general public use, industrial
and fire fightingpurposes. The source ofwater supply is Lake V/innebago. Three undergroundreservoirs
provide 2,500,000 gallons ofwater storage. Elevated storage consists oftwo 750,000-gallon talks, a
1,250,000-gallon tank and a 1,500,000-gallon tank. The average daily pumpage is 6.315 mgd in 2009. The
V/ater Distribution Division is in charge of daily and emergency maintenance of all water mains, hydrants,
services, and meters.
The Sewerage Utility, collection and treatrnent services, consists of a system which is desiped to
process 20,000,000 gallons per day, dry weather flow teatment plant. The average daily flow for 2009 was
11.302 mgd.
DEPARTMENT OF TRANSPORTATION - The Departrnent of Transportation maintains and
installs all signs, lighting systems and traffic signals for public streets, parks and cþ buildings.
IIEALTH SERVICES - The Health Services Division is organized into four divisions:
Administration and Vital Statistics, Public Health Nursing, Environmental Health, and Laboratory.
CITYEMPLOYEES
The City presently has approximalely 620 full and part-time employees, of which 13 are officials
or administrators, 43 are supervisors/managers, 196 are involved in protective services, 64 are
professionals,52areparaprofessionals,l54arepublicworks,and98areoffrce,clericalorhelpers. Certain
groups of employees of the Cþ, including Fire, Police, Public'Works, clerical employees, as well as
Professionals, are organized into labor unions for purposes of conducting collective bargaining with the
Cþ. Contracts for 2010 are in the process of being negotiated. Substantially, all City employees
participate in the Wisconsin Reti¡ement Fund. Pwsuant to State Law, annual contribution rates to the fund
are based on assumptions concerning mortality, disability and interest rates, salary increases of member
employees, and the number of employees withdrawing from the fund prior to age 55. Currently, the Cþ
pays the entire cost of the program of general City workers, police officers, and fuefighters. The Cþ's
total contribution to the Retirement Fund was 54,421,959.41 (unaudited) for the year ended December 31,
2009, which includes prior service costs.
In addition to the above referenced retirement fund, the State administers a plan for 28 retired
employees of the Police and Fire Deparfrnents. These individuals had been covered by a private pension
plan prior to the Cþ joining the present plan. The Cþ funds reti¡ement contributions to meet current
benefi.t payments to retired employees. The total cost for the year ended December 3 1, 2009 was
$ 1 1 0,027.3 5(unaudited).
OSHKOSH UNIF'IED SCHOOL DISTRICT
In 1982, new legislation in the State provided for the separation of school districts, as a
separate legal entity, from the City. As a result, the former Area School District is now known
as the Oshkosh Unifred School District. The District includes the City of Oshkosh and the
surrounding territory and encompasses an area of approximately 111 square miles. With respect
to equalized values for the year 2009,72.94% of the equalized valuation of the property in the
Unified School District is situated within the corporate limits of the City. This law further
provided that the assets of the school district (land, buildings, and equipment) formerly held in
the name of the City, be sold to the school district and that the school district issue their
promissory note in an amount equal to the outstanding debt þrincipal and interest) of the City
incurred for school purposes.
The administration of the District is exercised by a school board consisting of seven
members who are elected at large for staggered three-year terms of offrce. The District owns and
operates two senior high schools, six charter schools, five middle schools and fourteen
elementary schools.
The District has approximately 1,288 employees, both certified and non-certified.
The current enrollment has decreased by approximately 2.56% since the 2000-2001
school terms. The enrollment for the Unified School District for the past ten years is as follows:
Year Enrollment
20091t0 10,331
2008109 10,335
2007108 10,374
2006107 10,299
2005106 10,256
2004105 10,304
2003104 10,406
2002103 10,547
2001102 10,658
2000/01 10,602
In addition to Unified School District operated schools, there are nine private and
parochial schools (kindergarten through grade l2). There are approximately 1,299 students
enrolled inthese private schools.
Fox Valley Technical College provides the vocational and technical education for City
residents and the Fox Valley area. Operations are fimded through property tax levies of the
various municipalities of the District, including the City. The Technical College currently has
825 full-time equivalent students. The actual head count of students served is 6,101.
FINANCIAL SECTION
INDEPENDENT AT]DITOR' S RTPORT
(g
Schenck
CPAS AND SO MUCH MORE.
INDEPENDENT AUDITORS' REPORT
To the Mayor and Common Council
City of Oshkosh
Winnebago County, Wisconsin
We have audited the accompanying financial statements of the governmental activities, the business{ype
activities, the aggregate discretely presented component units, each major fund, and the aggregate
remaining fund information of the City of Oshkosh ("the City") as of and for the year ended Decémber 31,
2009, which collectively comprise the City's basic financial statements as listed in the table of contents.
These financial statements are the responsibility of the City's management. Our responsibility is to
express opinions on these financial statements based on our audit. We did not audit the financial
statements of the Housing Authority of the City of Oshkosh, a component unit discretely presented as
described in Note A(1) to the basic financialstatements. Those financial statements were audited by
other auditors whose report has been furnished to us, and our opinion on the basic financial stateménts,
insofar as it relates to the amounts included for the Housing Authority, is based on the report of the other
auditors.
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Sfandards,
issued by the Comptroller General of the United States. Those standards require that we þlan anO
perform the audit to obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes assessing the accounting principles
used and significant estimates made by management, as well as evaluating ihe overall f¡nañiial
statement presentation. We believe that our audit provides a reasonable basis for our opinions.
ln our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business{ype activities, the aggregate
discretely presented component units, each major fund, and the aggregate remaining tund infõrmãtion of
the City as of December 31, 2009, and the respective changes ¡n t¡ñanõ¡al position and cash flows, where
applicable, thereof and the respective budgetary comparison of the general fund, for the year then ended
in conformity with accounting principles generally accepted in the United States of Ameriða.
ln accordance with Government Auditing Sfandards, we have also issued our report dated June 30, 2010,
on our consideration of the City's internal control over financial reporting and on our tests of its
compliance with certain provisions of laws, regulations, contracts and grant agreements, and other
matters. The purpose of that report is to describe the scope of our testing of internal control over financial
reporting and compliance and the results of that testing, and not to provide an opinion on the internal
control over financial report or on compliance. That report is an integral part of an audit performed in
accordance with Government Auditing Sfandards and should be considered in assessing the results of
our audit.
Appleton ' Fond du Lac 'Green Bay ' Manitowoc 'Milwaukee ' Oshkosh ' Sheboygan - Stevens Point
A00-236-2246 " schencksc.com
10
Schenck sc
The management's discussion and analysis, the schedule of funding progress and the schedule of
employer contributions are not a required part of the basic financial statements but are supplemental
information required by the Governmental Accounting Standards Board. We have applied certain limited
procedures, which consist principally of inquires of management regarding the methods of measurement
and the presentation of the supplemental information. However, we did not audit the information and
express no opinion on it.
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the City's basic financial statements. The financial information listed in the table of contents as
other supplemental information are presented for purposes of additional analysis and are not a required
part of the basic financial statements. Such information has been subjected to the auditing procedures
applied in the auditof the basic financialstatements and, in ouropinion, is fairly stated, in all material
respects, in relation to the basic financial statements taken as a whole.
The "lntroductory SectÌon" and "Statistical Section" listed in the accompanying table of contents are
presented for purposes of additional analysis and are not a required part of the basic financial statements
of the City. The information has not been subjected to the auditing procedures applied in the audit of the
basic financial statements and, accordingly, we express no opinion on such information.
År/,þt{^-
Certified Public Accountants
Fond du Lac, Wisconsin
June 30, 2010
ll
MANAGEMENT'S DISCUSSION AND ANALYSIS
Management's Discussion and Analysis
December 31, 2009
As management of the City of Oshkosh, we offer readers of the City's basic financial statements this
narrative overview and analysis of the financial activities of the City for the fiscal year ended December
31, 2009. The analysis focuses on the City's financial performance as a whole.
Financial Hiqhliqhts
. The assets of the governmental activities of the City exceeded its liabilities as of December 31, 2009
and 2008 by $63,677,870 and $65,970,997 (nef assefs), respectively. Of this amount, $755,346 and
$1 ,435,588 (unrestricted nef assefs), respectively, may be used to meet the City's ongoing
obligations to citizens and creditors.
. The City's governmental activities net assets decreased by $2,293,127 and increased by $779,269,
respectively. Several factors contributed to the overall changes.
. The property tax rate rose 3.1% and 2.0o/o, respectively, per $1 ,000 of property value for the years
ended December 31, 2009 and 2008, respectively.
. As of December 31, 2009 and 2008, the City's governmental funds reported combined ending fund
balances of $18,867,819 and 520,922,440, a decrease of $2,054,621 for 2009 and a decrease of
$1 0,280,025 for 2008 Approximately 47% and 51% of this total amount, $8,831 ,818 and $10,620,890
is available for spending at the City's discretion (unreserued fund balance), respectively.
. As of December 31, 2009 and 2008, unreserved and undesignated fund balance for the general fund
was $7,074,708 and $6,919,987, or approximately 18% and 17o/o of total general fund expenditures,
respectively.
. The City's total general-obligation debt increased by $9,972,448 (8.3%) during 2009. The key factor
in this increase was the issuance of $21,800,396 of general obligation debt and $11,827,948 of
principal payments of general obligation debt.
. The City's total general-obligation debt decreased by $13,395,249 (10.1o/o) during 2008. The key
factor in this decrease was the retirement of $18,861 ,940 of debt during the year. The City also had
debt issuances of $5,105,000 of general obligation corporate purpose bonds and $5,938,815 of
general promissory notes to finance capital improvement projects.
. The City's prior year management discussion and analysis information has been restated to conform
to current year presentation.
Overview of the Basic Financial Statements
This discussion and analysis is intended to serve as an introduction to the City's basic financial
statements. The City's basic financial statements are comprised of three components: 1) government-
wide financial statements, 2) fund financial statements, and 3) notes to the basic financial statements.
This report also contains other supplementary information in addition to the basic flnancial statements
themselves.
Government-wide financial statements. The government-wide financial statements are designed to
provide readers with a broad overview of the City's finances, in a manner similar to a private-sector
business.
The sfafeme nt of net asseús presents information on all of the City's assets and liabilities, wìth the
difference between the two reported as nef assefs. Over time, increases or decreases in net assets may
serve as a useful indicator of whether the financial position of the City is improving or deteriorating.
The stafement of activities presents information showing how the City's net assets changed during the
most recent year. All changes in net assets are reported as soon as the underlying event giving rise to
the change occurs, regardless of the timing of related cash f/ows. Thus, revenues and expenses are
reported in this statement for some items that will only result in cash flows in future fiscal periods. (e.9.,
earned but unused vacation leave.)
12
Management's Discussion and Analysis
December 31, 2009
Both of the government-wide financial statements distinguish functions of the City that are principally
supported by taxes and intergovernmental revenues (governmental activities) from other functions that
are intended to recover all or a significant portion of their costs through user fees and charges (busrness-
type activities). The governmentalactivities of the City include: general government, public safety, public
works, health and welfare, parks and recreation, transportation and community development. The
business{ype activities of the City include transit, water utility, sewer utility, Grand Opera House, parking
utility, redevelopment project, industrial park, golf course, storm sewer utility and TIF districts.
The government-wide fìnancial statements include not only the City itself (known as the primary
govemment), but also a legally separate Housing Authority and Redevelopment Authority for which the
City is financially accountable. Financial information for the component unifs are reported separately from
the financial information presented for the primary government itself.
Fund financial statements. A fund is a grouping of related accounts that is used to maintain control
over resources that have been segregated for specific activities or objectives. The City, like other state
and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related
legal requirements. All of the funds of the City can be divided into three categories: governmental funds,
proprietary funds and fiduciary funds.
Governmental funds. Governmentalfunds are used to account for essentially the same functions
reported as governmental activities in the government-wide financial statements. However, unlike the
government-wide flnancial statements, governmental fund financial statements focus on near-term inflows
and outflows of spendable resources, as well as on öalances of spenda ble resources available at the end
of the fiscal year. Such information may be useful in evaluating the City's near-term financing
requirements.
It is useful to compare the information presented for governmentalfunds with similar information
presented for governmental activities in the government-wide financial statements. By doing so, readers
may better understand the long-term impact of the City's near-term financing decisions. Both the
governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and
changes in fund balances provide a reconciliation to facilitate this comparison between govemmental
funds and governmental activities.
The City maintains 20 individual governmental funds. lnformation is presented separately in the
governmental fund balance sheet and in the governmental fund statement of revenues, expenditures and
changes in fund balances for the general fund, and debt service fund, which are considered to be major
funds. Data from the other 18 governmental funds are combined into a single, aggregated presentation.
lndividual fund data for each of these nonmajor governmental funds is provided in the form on combining
sfafements elsewhere in this report.
The City adopts an annual appropriated budget for the general fund, debt service fund and selected
special revenue funds. As part of the basic governmental fund financial statements, budgetary
comparison statements have been provided for the general fund to demonstrate compliance with the
budget.
Proprietary funds. The City maintains two different types of proprietary funds. Enfe rprise funds are
used to report the same functions presented as bus¡ness-type activities in the government-wide financial
statements. The City maintains 28 individual enterprise funds. /nfern al seruÌce funds are an accounting
device used to accumulate and allocate costs internally among the City's various functions. The City
maintains four individual internal service funds. Because these services predominantly benefit
governmental rather than business-type functions, they have been included within governmental activities
in the governmenþwide financial statements.
t3
Management's Díscussion and Analysis
December 31, 2009
Proprietary funds provide the same type of information as the government-wide financial statements, only
in more detail. The proprietary fund financial statements provide separate information for the transit,
water utility and sewer utility, all of which are considered to be major funds of the City. Data from the
other 25 enterprise funds are combined into a single, aggregated presentation. lndividual fund data for
each of these nonmajor enterprise funds is provided in the form of combining sfafemenfs elsewhere in
this report. The four internal service funds are combined into a single, aggregated presentation in the
proprietary fund financial statements. lndividual fund data for the internal service funds is provided in the
form of combinìng sfafemenfs elsewhere in this report.
Fiduciary funds. Fiduciary funds are used to account for resources held for the benefìt of parties outside
the government. Fiduciary funds are not reflected in the government-wide financial statements because
the resources of those funds are nof available to support the City's own programs. The accounting used
for flduciary funds is much like that used for proprietary funds.
Notes to the basic financial statements. The notes provide additional information that is essential to a
full understanding of the data provided in the government-wide and fund financial statements.
Other information. The combining statements referred to earlier in connection with nonmajor
governmental funds, nonmajor enterprise funds and internal service funds are presented immediately
following the footnotes.
Government-wide Financial Analvsis
Net assets. As noted earlier, net assets may serve over time as a useful indicator of a government's
financial position. ln the case of the City, assets exceeded liabilities by $200,199,355 and $189,252,845
at the close of 2009 and 2008, respectively.
of Oshkosh's Net Assets
Governmental Business-Type
Activities Activities Total
2009 2009 2009
$ 65,534,807 $ 57,516,372 $ 123,051,179
109,382,831 215,891,129 325,273
174,917,638 273,407 ,501 448,325,139
63,688,422 114,611,468 178,299,890
Total liabilities
Net assets:
111,239,768 136,886,016 248,125,784
lnvested in capital assets, net of related debt 58,296,609 1 10,806,457 169,103,066
4,625,915 - 4,625,915755,346 25,715,028 26,470,374
$ 63,677,870 $ 136,521,485 $ 200,199,
l4
Management's Discussion and Analysis
December 3'1, 2009
By far the largest portion of the City's net assets (84%) and (88%), respectively, reflects its investment in
capital assets (e.9. land, buildings, machinery and equipment, infrastructure, etc.), less any related debt
used to acquire those assets that is still outstanding. The City uses these capital assets to provide
services to citizens; consequently, these assets are not available for future spending. Although, the City's
investment in its capital assets is reported net of related debt, it should be noted that the resources
needed to repay this debt must be provided from other sources, since the capital assets themselves
cannot be used to liquidate these liabilities.
An additional portion of the City's net assets (2o/o) and (3%), respectively, represents resources that are
subject to external restrictions on how they may be used. The remaining balance ol unrestricted net
assefs (ç26,470,374) and ($18,124,863), respectively, may be used to meet the City's ongoing
obligations to citizens and creditors.
Capitalassets
Total assets
Long-term liabilities outstanding
Other liabilities
Total liabilities
Net assets:
lnvested in capital assets, net of related debt
Restricted
Unrestricted
Total net assets
388,953,1 53
165,266,035
59,238,509 106,592,573 165,831,082
5,296,900 - 5,296,900
15
Management's Discussion and Analysis
December 31, 2009
Change in net assets. Governmental activities decreased the City's net assets by $2,293,127 in 2009
and increased by $779,269 in 2008. Business-type activities increased the City's net assets by
$13,239,637 in 2009 and by $10,164,796 in 2008. Totalnet assets of the City increased in 2009 by
$10,946,510 and in 2008 by $10,944,065. Key elements of this change are as follows:
of Oshkosh's Ghanqe in Net Assets
Revenues:
Program revenues:
Charges for services $
Operating grants and contributions
Capital grants and contributions
I revenues
Property taxes
Grants and contributions not restricted to specific pr
Other
otal revenues
Expenses:
General government
Public safety
Public works
Health and welfare
Park and recreation
Transportation
Community development
Unclassified
lnterest of long-term debt
Transit utility
Water utility
Sewer utilit
Storm water utility
Other
Total expenses
Transfers
Total expenses and transfers
in net assets
assets - January 1,2009, restated
assets - December 31, 2009
Governmental
Activities
2009
13,277,573
4,997,987
28,459,017
13,809,528
6,285,171
23,333,122
15,843,295
'1,065,069
8,412,085
66'1,953
5,516,499
388,794
2,319,986
63,825,974
(72s,525)
64.555.499
(2,2e3,127)
65,970,997
$ 63,677,870
1.718.267 546.690 2.264.957
62.262.372 42,845,820 105,108,192
Business-Type
Activities
2009
Total
2009
$ 39,455,654
9,008,710
4,555,380
36,013,963
13,809,528
26,178,081
4,010,723
4,555,380
7,554,946
¿,zea,ãss
10,475,252
8,460,051
2,365,735
4.246.275
6,285,171
23,333,122
15,843,295
'1,065,069
8,412,085
661,953
5,516,499
388,794
2,319,986
4,788,395
10,475,252
8,460,051
2,365,735
30,335,708
729,525
29,606,1 83
13,239,637
123,281,848
5
94. 1 61 .682
94,161,682
10,946,510
189,252,845
1,485 200,199,355
l6
of Oshkosh's Ghanqe in Net Assets
Governmental
Activities
2008
Revenues:
revenues:
Charges for services
Operating grants and contributions
Capital grants and contributions
ral revenues
Property taxes
Grants and contributions not restricted to specific pr 13,975,582
Business-Type
Activities
2008
Total
2008
37,663,695
9,959,909
2,318,353
33,715,983
13,975,582
4,117,672
6,016
90.807.129
90,807,129
Other
Total revenues
Expenses:
General government
Public safety
Public works
Health and welfare
Park and recreation
Transportation
Community development
Unclassified
lnterest of long-term debt
Transit utility
Water utility
Sewer utility
Other
otal expenses
ransfers
otal expenses and transfers
lncrease in net assets
Net assets - January 1, 2008, restated
Net assets - December 31, 2008
779,269 10,164,796 10,944,065
65,19',1,728 113,117,052 178,308,780
$ 65,970,997 $ 123,281,848
$ 12,036,687
6,089,486
26,921,562
2,933,722
61,957,039
25,627,008
3,870,423
2,318,353
6,794,421
1 .183.950
39,794,155 101,751,194
6,170,557
22,159,371
13,906,804
1,049,528
7,699,902
629,293
5,588,413
675,718
2,974,777
4,852,157
10,658,416
8,426,591
6,170,557
22,159,371
13,906,804
1,049,528
7,698,902
629,293
5,588,413
675,718
2,974,777
60,853,363
(324,407)
61,177,770
+,asz,ìst
10,658,416
8,426,591
6,016,602
29,953,766
324,407
29,629,359
Management's Discussion and Analysis
December 31, 2009
. Property taxes increased by $2,297,980 (6.8%) in 2009 and $1 ,768$72 (5.5%) in 2008. Most of this
increase was directed toward debt service.
FinancialAnalvsis of the Gitv's Funds
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-
related legal requirements.
Governmental funds. The focus of the City's governmental funds is to provide information on near-term
inflows, outflows, and balances of spendab/e resources. Such information is useful in assessing the
City's financing requirements. ln particular, unreserued fund balance may serve as a useful measure of
the City's net resources available for spending at the end of the fiscal year.
t7
Management's Discussion and Analysis
December 31, 2009
As of December 31, 2009 and 2008, the City's governmental funds reported combined ending fund
balances of $18,867,8'19 and $20,922,440, a decrease of $2,054,621 in 2009 and a decrease of
$1 0,280,025 in 2008. Approximately 47o/o and 51 % of this amount of ($8,831 ,818) and ($10,620,890)
constitutes unreserved fund balance, which is available for spending at the City's discretion. The
remainder of fund balance is reserved to indicate that it is not available for new spending because it has
already been committed 1) for current year purchases of inventory and prepayments that benefit periods
beyond the end of the current year ($15,934 and $15,1 17), 2) for debt service ($'1 ,146,983 and
$1,814,545), 3) for capital project ($5,394,152 and $4,989,533), and 4) for trust agreements ($3,478,932
and $3,482,355), respectively.
The general fund is the chief operating fund of the City. At the end of 2009 and 2008, unreserved and
undesignated fund balance of the general fund was S7,074,708 and $6,919,987, respectively, while total
fund balance reached $7,623,103 and $6,965,275, respectively. As a measure of the generalfund's
liquidity, it may be useful to compare both unreserved fund balance and total fund balance to total fund
expenditures. Unreserved fund balance represents 18% and 17Vo of total general fund expenditures,
while total fund balance represents 19% and 17% of that same amount, respectively.
The fund balance of the City's general fund increased by $657,828 in 2009 and decreased by $327,234 in
2008.
Thedebtservicefundhasatotalfundbalanceof$1,146,983and$1,814,545,respectively. Ofthisfund
balance, $1,146,983 and $1,814,545 is reserved for restricted purposes, respectively. Reserved fund
balance represents 15% and 8%, respectively, of total debt service fund expenditures.
The fund balance of the debt service fund decreased by $667,562 in 2009 and decreased by $13,551 ,957
in 2008. Thirteen million, five hundred thousand ($13,500,000) of the 2008 decrease resulted from the
cross-over debt refunding where the funds were expended during the year.
Proprietary funds. The City's proprietary funds provide the same type of information found in the City's
government-wide financial statements, but in more detail.
Unrestricted net assets of the proprietary funds at the end of the 2009 and 2008 amounted to
$25,715,028 and $16,689,275, respectively. The total change in net assets was an increase of
$13,239,637 in 2009, and an increase of $10,164,796 in 2008.
Other factors concerning the finances of these funds have already been addressed in the discussion of
the City's business-type activities.
General Fund Budqetarv Hiqhliqhts
Generally the original budget is rarely modified.
During 2009 and 2008, actual revenues exceeded budgeted revenues by $St 1,791 and $557,889,
respectively, primarily in charges for services. Actual expenditures were less than budgeted expenditures
by $322,259 in 2009 and more than budgeted expenditures by $586,130 in 2008.
18
Management's Discussion and Analysis
December 31, 2009
Gaoital Asset and Debt Administration
Gapital assets. The City's investment in capital assets for its governmental and business-type activities
as of December 31, 2009 and 2008 amounted to $325,273,960 and $306,106,956 (net of accumulated
depreciation), respectively. This investment in capital assets includes land, land improvements, buildings,
machinery and equipment, vehicles, public domain infrastructure (highways and bridges), and
construction in progress. The City's capital assets increased by $19,167,004 or 60/o for 2009 and
increased by $11 ,867 ,514 or 4Yo for 2008.
Major capital asset acquired or constructed during the years ended 2009 and 2008 include:
. The governmental activities constructed streets in the amount of $5,013,147 and $3,320,399
purchased vehicles in the amount of $1,565,679 and 9940,227 and building improvements and
contents in the amount of $3,047,499 and $2,518,582, respectively.
. The business activities purchased additional land and improvements to expand the TIF District in the
amount of $2,480,670 and $1,569,514, and improvements to the water, sewer and storm sewer
utilities in the amount of $21 ,195,737 and $20,205,921, respectively.
of Oshkosh's Capital Assets
Governmental
Activities
2009
Business-Type
Activities
2009
Total
2009
$ 53,478,595
25,420,698
173,074,662
32,550,169
Land
Construction in progress
Buildings and systems
Machinery and equipment
lnfrastructure
16,364,800 $ 37,1 13,795
25¡20,698
141,881,153
11,475,483
31,193,509
21,074,686
40,749,836
$ 109,382,831
40.749.836
otal $ 215,891 129 $ 325,273,960
of Oshkosh's Gaoital Assets
Governmental Business-Type
Activities Activities Total
2008 2008 2008
struction in progress
$ 14,753,601 $ 34,732,125 $ 49,485,726
- 11,143,034 11j43,034
31,752,671 141,252,386 173,005,057
20,888,752 11,485,579 32,374,331
Buildings and systems
Machinery and equipment
lnfrastructure
Total
40,098,808 40,098
$ 107,493,832 $ 198,613,124 $ 306,106
T9
Management's Discussion and Analysis
December 31, 2009
Long-term debt. At the end of 2009 and 2008, the City had total bonded debt outstanding of
$180,930,40'1 and $169,773,545, respectively. Of this amount, $129,657,253 and $119,684,805,
respectively, comprises debt backed by the full faith and credit of the government. The remainder of the
City's debt represents bonds secured solely by specified revenue sources (i.e., revenue bonds).
The City's totaldebt increased by $tt,156,856 (6.6%) in 2009 and by $16,150,634 (8.7%o) in 2008.
The City maintains an Aa2 rating from Moody's lnvestors Service for its general obligation debt.
State statutes limit the amount of general obligation debt the City may issue to 5% of its total equalized
valuation. The debt limitation for 2009 and 2008 for the City was $190,090,895 and $186,140,510,
respectively, which is significantly in excess of the City's $129,657,253 and $1 19,684,805 outstanding
general obligation debt.
General obligations debt:
Bonds and notes
Total general obligation debt
Revenue bonds
Total
Governmental Business-Type
Activities Activities Total
2009 2009 2009
$ 54,594,494 $ 75,062,759 $ 129,657
54,594,494 75,062,759 129,657,253
51,273,148 51,273,148
of Oshkosh's Outstandinq Debt
Governmental Business-Type
Activities Activities Total
2008 2008 2008
General obligations debt:
Bonds and notes $ 53,244,856 $ 66,439,949 $ 1 19,684,805
Total general obligation debt 53,244,856 66,439,949 1 19,684,805
bonds :_ 50,088,740 50,088,740
otal _g__5 3, 244, 8 5 6_ _q_1_1_6, 52q9!g_ _$_1_6 e, r? 3, 54 s
20
Management's Discussion and Analysis
December 31, 2009
Rates
o The economic condition and outlook of the City has remained fairly stable based on a relatively
healthy mix of manufacturing, tourism, service industry and retail activities which support our tax
base.
. lnflationary trends in our region compare favorably to national indices.
All of these factors were considered in preparing the City's budget for the 2010 fiscal year.
Contactinq the Gitv's Financial Manaqement
This financial report is designed to provide a general overview of the City's finances for all those with an
interest in the City's finances. Questions concerning any of the information provided in this report or
requests for additional financial information should be addressed to Peggy Steeno, Director of Finance,
City of Oshkosh, P. O. Box 1130, Oshkosh, Wisconsin 54903-1 130.
2l
BASIC FINANCIAL STATEMENTS
CITY OF OSHKOSH
Oshkosh, Wisconsin
Statement of Net Assets
December 31 , 2009
Primary Government Component Units
Governmental
Activities
Business-type
Activities
36,048,441
7,680,413
8,334,424
(e,445,402)
119,827
768,400
13,724,952
62,534,493
153,356,636
259,675
174,917,638
25,642
273,407,501
3,872,628 1,143,843
2,551 ,765 1,000,000255,163 853,915- 18,880
3,207,86931,670,632 7,714,8941,185,722 8,900
4,807,567 I ,t ,534,1 1663,688,422 114,6't1,468
1 1 1 ,239,768 136,886,01 6
Housing Redevelopment
Authority Authorityïotal
ASSETS
Cash and investments
Receivables
Taxes
Special assessments
Accounts
lnternal balances
Due from other governments
lnventories and prepa¡d items
Notes receivable
Restricted Assets
Capital assets
Land and construction in progress
Other capital assets, net of accumulated
depreciation
Notes receivable
Deferred charges and depos¡ts
TOTAL ASSETS
LIABILITIES
Accounts payable
Accrued expenses
Accrued interest payable
Due to other governments
lntergovernmental payables
Deferred revenues
Deposits
Long{erm obligalions
Due within one year
Due in more than one year
TOTAL LIABILITIES
NET ASSETS
lnvested in capital assets, net of
related debt
Restricted for
Debt service
Trust agreements
Unrestricted
TOTAL NET ASSETS
"t4,314,490
27,967,046
3,5s2,858
6,629,003
9,445,402
402,205
15,934
3,207,869
16,364,800
93,018,031
50,362,931
35,647,459
3,552,858
14,963,427
522,O32
784,334
3,207,869
13,724,952
78,899,293
246,374,667
259,675
25,642
448,325,139
5,016,471
3,551,765
1,109,078
18,880
3,207,869
39,385,526
1,194,622
16,341 ,683
178,299,890
2ß,',t25,784
'169,103,066
'1,146,983
3,478,932
26,470,374
_q___2qq.1-9g,gqÞ_
$ 1,054,383
803,524
43,865
485,579
1,225,400
6,523,009
2,724,367
3,517,484
651 ,142
17,720,778
12,860,127 2',t,889,404
755,346 2s,715,028
$ 63,677.870 $ 136.521 .485
58,296,609
1,'146,983
3,478,932
1'10,806,457
44,787
90,905
59,886
27,464
49,2'.t4
12,985
741 ,606
1,026,847
7,570,621
485,579
3,853,883
$ 'l'1,910,083
17,925
14,843
6,1 69,0't 1
6,201 ,779
11,551,767
651 ,142
3,484,716
$ 15,687,625
The notes to the basic financial statements are an integral part of this statement.
22
Expenses
Charges for
Services
Governmental
Activities
Business-type
Activities
CITY OF OSHKOSH
Oshkosh, Wisconsìn
Statement of Activities
Year Ended December 31, 2009
Primary Government
Operating Capital
Grants and Grants and
Contributions ContributionsFunctions/Programs
Primary government:
Governmental Activities
General government
Public safety
Public works
Heatth and welfare
Parks and recreation
Transportation
Community development
Unolassified
lnterest on debt
Total Gove¡nmental Ac{ivities
Business-type Activities
Transit utility
Water utility
Sewer utility
Storm water utilíty
Other
Total Business-type Activities
Total primary government
Component units:
Housing authorþ
Redevelopment authority
Total component units
$ 6,285,171 $ 't51,0s8
23,333,122 4,024,666
15,843,295 3,519,023't,065,069 210,053
8,412,085 2.448,725
661,953
5,516,499 2,924,048
388,794
2,319,986
63,825,974 13,277,573
319,341
3,675,970
154,4s3
't34
848,089
4,997,987
$ (6,134,113)
(1 8,s8s,r 1s)
(8,648,302)
c/00,563)
(s,963,226)
(661,953)
(1,744,362)
(3E8,7s4)
(2,319,986)
(4s,s50,414)
$ (6,134,r13)
(18,s8s,1 1s)
(8,648,302)
c/oo,s63)
(s,963,226)
(661,es3)
(1,744,362)
(3EE,7s4)
(2,319,986)
(4s,ss0,414)
('l,833,028) (r,833,028)
4,408,476 4,408,476
Housing Redevelopment
Authority Authority
c/13,66r )
4,788,395
10,475,252
8,460,051
2,365,735
4,246,275
30.335,708
781,952
I1,559,034
8,996,742
3,962,269
878,084 183,580
26,178.081 4.010.723
3,827,O43 21,A41
1,so1,871
1.447.805
232,380
1,351 ,483
4,555,380
(1s7,sss)
2,585,653
1,9E4,496
1,824,94
(1 s7,55s)
2,585,653
1,984.496
1.824.914
$ 94,161,682 $ 39,455,654 $ 9,008,710 $ 4,55s,380 (45,550,414)4,408,476
$ 2.324,487 $ r,016,99't $ s93,83s
1,026,122 - 10,21s
$ 3,3s0,609 $ 1,016,s91 $ 604,0s4 $-
(41,14r,e38)
ø13,661)
$-
(1 ,015,s03)
(1,01s,903)
General revenues
Property taxes, levied for general purposes
Property taxes, levied for debt service
State and federal aids not restr¡cted to specific
functions
lnterest and ¡nvestment earníngs
Gain on sale of capital assets
Miscellaneous
Transfers
Total general revenues and transfers
Change in net assets
Net assets - January 1, restated
Net assets - December 3'l
The notes to the basíc financial statements are an integral part of this statement.
N)o
12,O18,253
16,440,764
'13,809,528
743.305
19,333
955,629
(72s,s2s)
43,257,287
(2,293,127)
65,970,997
$ 63,677,870
7,554,946
294,475
252,215
729,52s
8,831 ,161
13,239,637
123,281,848
''19,573,199
16,440,764
13,809,528
1 ,O37,780
271,54A
955,629
52,O88,448
10,946,510
189,252,845
139,436 65,696
609,526
748,962 65,696
3s,301 (950,207)
11 ,874,782 16,637,832
$ '1 1 ,910,083 $ 't 5,687,625
Revenue and Changes in Net Assets
$ 136,521,485 $ 200,199,355
CITY OF OSHKOSH
Oshkosh, Wisconsin
Balance Sheet
Governmental Funds
December 31, 2009
General
Debt
Service
Other
Governmental
Funds
Total
Governmental
Funds
ASSETS
Cash and investments
Receivables
Taxes
Special assessment
Accounts
Due from other funds
Due from other governments
lnventories and prepaid items
Notes receivable
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable
Accrued payroll liabilities
Due to other funds
Due to other governments
Deferred revenues
Deposits
Total Liabilities
Fund Balances
Reserved for
lnventories and prepaid items
Retirement of long-term debt
Construction of assets
Trust agreements
Unreserved
Designated -
Advances
Subsequent years
Undesignated, reported in
General fund
Special revenue funds
Capital project funds
Total Fund Balances
TOTAL LIABILITIES AND FUND
BAI-ANCES
_$ 15,27 8,0n_ _qJ,g36,qg!_ _$.__gÞ 770,503
$ 1,4'13,077
5,148,746
2,738,513
5,961,742
1 5,934
$ 1,146,e83
16,789,100
$ 6,735,175
6,006,800
3,552,858
3 876 056
11,989,540
402,205
3,207,869
$ 9,295,235
27,944,646
3,5s2,858
6,6'l 4, 569
17,951,282
402,205
15,934
3,207,869
$ 823,e13
1,696,448
5,'132,638
1,9'10
7,654,909
$-
16,789,'100
16,789,100
$ 3,048,7'15
8,505,880
3,207,869
9,726,494
1,183,812
$ 68,984,598
$ 3,872,628
1 696,448
8 505,880
3,207,869
31,648,232
1,185,722
50, 1 1 6,77925,672,770
15,934
1 , 1 46,983
480,1 91
52,270
7,074,708
7,623,103 1 , 1 46,983
_$ 1 5,27 8,012_ _$_1_7, e36, 083_
(1,885,880) (1,885,880)
10,097,733 18,867,8'19
$ 35,770,503
5,394,152
3,478,932
3, 1 1 0,529
1 5,934
1,146,983
5,394,'152
3,478,932
480,1 91
52,270
7,074,708
3, 1 1 0,529
The notes to the basic financial statements are an integral part of this statement.
24
clry oF osHKosH
Oshkosh, Wisconsin
Reconciliation of the Balance Sheet of Governmental
Funds to the Statement of Net Assets
December 31, 2009
Total fund balance - total governmental funds $ 19,g67,919
Amounts reported for governmental activities in the statement of net assets are different because:
Capital assets of $179,269,520, net of accumulated depreciation of
$69,886,689, are not financial resources and, therefore, are not reported in
the funds. See Note C(4) for additionaldetail. 109,382,831
lnternal service funds are used by management to charge the costs of certain
activities, such as risk management to individual funds. Assets and liabilities
of the internal services funds of 94,178,372 are included in governmental
activities in the statement of net assets. 4¡7g372
Long-term obligations of $68,495,989 are not due and payable in the current
period and are not reported in the funds. See Note C(6) for detail. Other
related amounts include accrued interest payable of $255,163.(68,751 ,152)
Net assets of governmental activities $ 63,677,870
The notes to the basic financial statements are an integral part of this statement.
25
CITY OF OSHKOSH
Oshkosh, Wisconsin
Statement of Revenues, Expenditures and Changes in Fund Balances
Governmental Funds
Year Ended December 31, 2009
General
Debt
Service
Other
Governmental
Funds
Total
Governmental
Funds
Revenues
Taxes
Special assessments
lntergovernmental
Licenses and permits
Fines and forfeits
Public charges for services
lntergovernmental charges for seryices
Miscellaneous
Total Revenues
Expenditures
Current
General government
Public safety
Public works
Health and welfare
Parks and recreation
Transportation
Community development
Unclassified
Debt service
Principal
lnterest and fiscal charges
Capital outlay
Total Expenditures
Excess of Revenues Over (Under)
Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances - January 1, restated
Fund Balances - December 31
$ 5,364,303
1 7,050,879
1,360,1 19
818 009
2,852,107
3,361,466
1 ,07 4,877
31,881,760
s 16,440,764 $ 6,578,812
1,164,351
1,741,053
94,1 s5
1,612,852
$ 28,383 879
1,164 351
18,791,932
1 ,454,27 4
818,009
4,464,959
3,361,466
36,336
16,477,100
2,627,175 3.738.388
13.818.398 62,177,258
5,864,013
22,429,343
7,400,465
1,841,432
661,953
1,6s7,167
388,794
122,362
3,375,341
1,061,628
5,737,829
3,619,032
5,864,013
22,551,705
10,775,806
1,061,628
7,579,261'o0t,gss
5,276, 1 99
388,794
5,237,862
2,319,996
8,372,637
5,237,862
2,319,996
8.372.637
7,557,858 22,288,829 70,089,8s4
9,019,235
657,828
6,965,275
$ 7,623,103
(505,260)
6,425,544
(2,044,887)
8,919,242 (8,470,431ìl
- 6,587,500
- 343,304
(7,912 596)
6,587,500
9,362,539
(10,0e2,064)
5,857,975
(2,054,621)
20,922,440814,545 12,142,620
$1 146 983 $ 10.097 733 $ 18.867.819
The notes to the basic financial statements are an integral part of this statement.
26
CITY OF OSHKOSH
Oshkosh, Wisconsin
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balance
of Governmental Funds to the Statement of Activities
Year Ended December 31, 2009
Net Change in Fund Balances - Total Governmental Funds $ (2,054,62j\
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlays as expenditures. However, in the
statement of activities the cost of those assets is allocated over their
estimated useful lives and reported as depreciation expense.
Capital outlay reported in governmental fund statements $ 9,626,325
Depreciation expense reported in the statement of activities (7,737,326)
Amount by which capital outlays are greater than depreciation in
current period
lnternal service funds are used by management to charge the costs of
certain activities to individual funds. The net revenue of the internal service
funds is reported with governmental activities.
Certain employee benefits are reported in the governmental funds when
amounts are paid. The statement of activities reports the value of benefits
earned during the year. This year the accrual of these benefits increased
by:
Some capital assets acquired during the year were financed with debt. The
amount of the debt is reported in the governmental funds as a source of
financing. ln the statement of net assets, however, debt constitute a long-
term liability. The amount of debt reported in the governmental funds
statement is:
Repayment of principal on long-term debt is reported in the governmental
funds as an expenditure, but is reported as a reduction in long-term debt in
the statement of net assets and does not affect the statement of activities.
The amount of long-term debt principal payments in the current year is:
lnterest payments on outstanding debt are reported in the governmental
funds as an expenditure when paid, in the statement of activities interest is
reported as it accrues. This year the accrual of interest decreased by:
Change in Net Assets of Governmental Activities
1 ,888,999
'199,049
(s76,e26)
(6,587,500)
5,237,862
$ (2,293,127\
10
The notes to the basic financial statements are an integral part of this statement.
27
Revenues
Taxes
lntergovernmental
Licenses and permits
Fines and forfeits
Public charges for services
I ntergovernmental charges for services
Miscellaneous
Total Revenues
Expenditures
Current
General government
Public safety
Public works
Parks and recreation
Transportation
Community development
Unclassified
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources:
Long-term debt issued
Transfers in
Total Other Financing Sources
Net Change in Fund Balance
Fund Balance - January 1
Fund Balance - December 31
CITY OF OSHKOSH
Oshkosh, Wisconsin
Statement of Revenues, Expenditures and Changes in
Budget and Actual
General Fund
Year Ended December 31, 2009
Budgeted Amounts
Original
$ 5,036,232
17,090,362
1,459,200
776,500
2,923,700
2,878,900
1,205,075
31,369,969
Final
Fund Balance
$ 5,036,232
1 7,090,362
1,459,200
776,500
2,923,700
2,878,900
1,205,075
31,369,969
$ 5 364,303
1 7,050,879
1,360, 1 '19
818,009
2,852,107
3,361,466
1 ,O7 4 ,877
31,881 ,760
Variance with
Final Budget -
Positive
(Negative)
$ 328,071
(3s,483)
(ee,081 )
4'1 ,509
(71 ,593)
482,566
( 1 30,1 s8)
511,791
Actual
Amounts
5,959,416
22,478,941
7,576,020
1,731,375
687,463
1,712,011
420,200
40,565,426
5,959,416
22,478,941
7,576,020
1,731,375
687,463
1,712,011
420,200
40,565,426
5,864 013
22,429,343
7,400,465
1,841,432
661,953
1,657 ,167
388,794
40,243,167
(8,361,407)
95,403
49,598
175,555
(110,057)
25,510
54,844
31,406
322.259
(s,1ss,457) (s, 1e5,457)834,050
30,000 (30,000)
6,965,275 6,965,275
$ 6,965,275 $ 7,623,103 $ 657,828:-:
30,000g,1gt,1?, s,165,4s7 e,01s,235 (146,222\----slþ57s7 ejs5¡57 s"0Ts235
-(@- 657,828 657,828
The notes to the basic financial statements are an integral part of this statement
28
CITY OF OSHKOSH
Oshkosh, Wisconsin
Statement of Net Assets
Proprietary Funds
December 3'1, 2009
Enterprise Funds
Transit Water Sewer
Utility Util¡ty Ut¡l¡ty
Storm Water
Util¡ty
Other
Proprietary
Funds Total
lnternal
Service
Funds
ASSETS
Current Assets
Cash and ¡nvestments
Receivables
Accounts
Taxes
Due from other funds
Due from other governments
lnventories and prepayments
Total Current Assets
Noncurrent Assets
Restricted assets
Capital Assets
Land and construct¡on in progress
Other capital asseb, net of accumulated
depreciation
Total Capital Assets, Net
Notes receivable
Defened charges and deposits
Total Noncurrent Assets
TOTAL ASSETS
LIABILITIES
Cunent Liabilities
Accounts payable
Accrued expenses
Deposits
Due to other funds
Due to other governments
Deferred revenues
Current portion of long-term obligations
Total Current Liabilities
Noncurrent Liabilities
Noncurrent portion of long-term obligations
Total Noncurrent Liabilities
TOTAL LIABILITIES
NET ASSETS
lnvested in capital assets, net of related debt
Unrestricted (Deficit)
TOTAL NET ASSETS
150,492
793,300
'119,827
111.O77
$ 8,778,771
3,717,s29
484,O52
635,958
3,235,501
12,264,373
71,311,393
3,847,586
3,026,838
169,372
20,417
8,425,710
1 ,154,008
90,248
948
$ 14,996,274
285,557
6,887,1 13
250
343.147
$ 36,048,441 $ 5,019,2s5
8,334,424 14,434
7,680,413 22400
743,922
119,827
768,400
13,724,952
62,s34,493
153,356,636
215,891J29
259,675
25,642
285,317
2E3.596,625 5.056.089
1,174,696 13,616,310 7,064,313 9,670,914 22,169,194 53,695,427 5,056,089
4s24/09 5.621,895
8,623,597
59,783,'119
6,1 19,450
10.117.925
35,159,262
10.332.953
2,179,057 83,575,766 6E,406,716 16.237.375
14,908
45.492.215
394,049
1,149,192
2,000
2,959,671
247,440
108,141
2,858,185
162,242
66,588
2,688,0'11
259.675
135,590
529,101
6,000
I,658,378
6,913,1 l3
'l,143,843
1 ,853,915
8,900
10,189,324
18,880
7,714,894
85s,317
22.400
$ 1,884,719 $ 47,6s0,648 $ 49,919,101
6.337,655 17,411 ,O42
6,635,652 6,702,668
s 12,973.307 $ 24,113,710
114,611,468
114,611,46A
147,075,340 877,717
I 10,806,457
2s,71s,O2A 4J78,372
$ 136,521,48s S 4j78p72
1,894,s50
(s,831)
38,793,672
8.836,976
46,369,538
3.549.563
N)\o
14,908 20
3,353,753 100,442185 79,995,458
164/82
893
900
25,O79
18,880
80.1 ,781
275,330 4,091 ,508 3,231,801 881,524 3,053,9s3 11,534,116
1 ,287 ,345 8,596,420 6,485,567 3,798,405 12,2s6j35 32,463,872 877,717
181,689 44,21s,417 23,590,790 14.7s8,472 31 ,865,100
181,689
1,469,034
44,215,417
52,811,837
23,590,790
30,076,357
The notes to the basic financial statements are an integral part of this statement
CITY OF OSHKOSH
Oshkosh, Wisconsin
Statement of Revenues, Expenses and Changes in Fund Net Assets
Proprietary Funds
Year Ended December 31, 2009
Enterprise Funds
4,421,315
353,677
Water
Utility
$-
11,559,034 3,962,269
$-
75,903
25,984,353
18,922,553
6,175,994
145
51 ,186
7,893,832
8,968,029
8,968,029
'165,266
33,783
33.783
199,049
199,049
3,979,323
Storm
Water
Utilitv
Other
Proprietary
Funds Total
lnternal
Service
Funds
Operating Revenues
Licenses and permits
Fines, forfeitures and penalties
lntergovernmental charges for services
Public charges for services
Other revenues
Total Operating Revenues
Operating Expenses
Operating and maintenance
Depreciation and amortization
Claims and administration
Total Operating Expenses
Operating lncome (Loss)
Nonoperating Revenues (Expenses)
Taxes
lntergovernmental revenues
lnterest on investments
Debt discount amortization
Gain on disposal of capital assets
lnterest expense
Total Nonoperating Revenues (Expenses)
lncome (loss) before transfers and
contributed capital
Transfers in
Contributed capital
Change in Net Assets
Net Assets - January 1
Net Assets - December 31
75,903
711,225
90,956
878.O84
117,825 1,188,',132
26,178,081 9,133,2951l,559,034
5,585,656
3,161,313
8,996,742
5,218,908
2,205,168
3.962.269
1,596,444
237,283
2,100,230
218,553
(71,O78)
(4s,237)
1,933,956
102,602
1,186,384
9,086
2,697,341
44,933,307
97,322
(1,035,e75)
(e38,653)
634,013
68,888
1,447,805
2,150,706
47,768,395
82,344
1,678,878
5,000
232.380
7,446,624
183,680
12,207
(16,364)
4,526,535
646,551
1.351 .483
25,O98,547
1,079,534
7,554,946
4,O10,723
294,475
(16,364)
252,215
(5,22O,797\
6,875,198
7,954,732
729,525
4,555,380
13,239,637
123,281 ,848
$ '136,521 ,485
8,746,969 7,424,076
2,812,065 1,572,666
1833.727 2.318.783
2,128,542 (1,440,699')
<urr,oo$ t',,3?1"1L2,(449,664) 5,967,234
21,841 1,501,871
1 ,916,258
.t 1,057,049
6,524,569
17.589.141
$ 1,884.719 $ 47,630.648 $ 49,919,101 $ 12.973,307 $ 24,113.710
Ihe notes to the basic financial statements are an integral part of this statement.
UJ
s 4j78,372
CITY OF OSHKOSH
Oshkosh, Wisconsin
Statement of Cash Flows
Proprietary Funds
Year Ended December 31, 2009
Enterpr¡se Funds
Trans¡t Water
Utilitv Utility
Other
Storm Water Propr¡etaryUtility Funds
$ 763,034
(4,784,3751
(4,021,3411
108,322
4,134,498
4,242,820
(143,2s1\
(e5,1 17)
(13,61 1)
30.500
$ 11,303,132
(3,876,290)
7,426,842
9,086
9,086
(8,6s7,1 51 )
(3,462,1 00)
(1,632,142)
8,216,237
Sewef
Lxility
$ 8,907,051
(7,096,888)
1 ,810,163
68,888
68,888
(4,301 ,30r )
(3,01 1,70s)
(999,1 36)
2,585,000
s 3,277,630
(1,o21\
3,276,609
5,000
5,000
(3,121,601)
(447,38O)
(510,091)
7,625,000
$ 993,711
(1,600,787)
(607,076)
7,446,624
646,551
1 83,680
8,276,855
(3,559,090)
(3,888,61 3)
(1,690,1 85)
2,255,396
351,215
824,773
(s,706,504)
47,254
12,207
59 ¿61
g 25,244,558
(r 7,359,361 )
7,885,197
7,554,946
729,525
4,318,178
12,602,649
(19,822,394]|
(10,904,915)
(4,845,1 65)
20,712,133
351,215
824,773
(13,684,3s3)
47,254
294,475
341,729
$ 9,174,868
(8,912,844\
262,O24
33,783
Total
lnternal
Service
Funds
Cash Flows from Operating Activities
Cash received from customers
Cash payments to suppliers and employees
Net Cash Provided (Used) Þy Operating
Activ¡ties
Cash Flows from Non-Cap¡tal Financing Activit¡es
Property taxes rece¡ved
Transfer from other funds
Operating grants received
Net Cash Provided by Non-Capital Financing
Activit¡es
Cash Flov/s from Capital and Related Financing
Act¡vities
Acquisition of capital assets
Principal payments on long-term debt
lnterest payments on long-term debt
Long-term debt issued
Proceeds from sale of assets
Captial contributions
Net Cash Provided (Used) by Capital and Related
Financing Activ¡ties
Cash Flows from lnvest¡ng Activ¡t¡es
Proceeds from note rece¡vable
lnvestment income received
Net Cash Provided by lnvesting Activities
Net lncrease (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents - January 1
Gash and Cash Equivalents - December 31
Reconciliation of Operating lncome (Loss) to Net
Cash Provided (Used) by Operating Activit¡es:
Operating income (loss)
Adjustments to reconcile operating ¡ncome to
net cash prov¡ded (used) þy operat¡ng activit¡es:
Depreciation
Changes In assets and l¡ab¡lities
Accounts receivable
Due from other funds
lnventor¡es and deferred charges
Accounts payable and accrued expenses
Due to olher funds
Deferred revenues and depos¡ts
Net Cash Provided (Used) by Operating Activit¡es
(221,47sl, (5,s75,156)
102,602
102,602
1,963,374
1 0,050,898
{5,727,142\ 3,545,928
97,322
97,322
(3,750,769)
12,122,864
82,344
82344
6,909,881
7,137,724
_s_Í-Øz-9$_
2,O22,736
1 3,31 6,685
7,145222 295,807
42,628,171 4,723,448
o _9_t2g!,42_ _$___q-AZ2p9!_$ 15,339.421 $ 49 773 393 S 5 019 255
$ (3,993,040)
353,677
(5,442)
(13,476)
815
(363,s75)
$ 2,812,065
3,161,313
(226,374],
(14,929)
(14,599)
108,203
1 ,599,1 63
$ 1,572,666
2,205,168
(86,323)
(7,14o]|
3,772
(33,382)
(1,844,598)
$ 2,128,542
237,283
(688,639)
3,907
93
25,975
1,569.448
$ (1,440,699)
218,553
(6,713,786)
8,701
1 09,490
389.952
$ 1,079,534
6,175,994
(7,720,5641
(s,461)
(24,210)
211,101
1,350,390
$ 165,266
41,573
55,1 85
(300) 2,000 6,820,713 6,822,413
$ ø.o21.341t S 7.426.842
u
The notes to the bas¡c fnancial statements are an integral part of th¡s statement
$ 1 810163 $ 3,276,60s _$___€aZ-AZgI _$___Z.9!ÞJ!L _S__262p!_
CITY OF OSHKOSH
Oshkosh, Wisconsin
Statement of Net Assets
Fiduciary Funds
December31,2009
ASSETS
Cash and cash equivalenls
Taxes receivable
Accounts receivable
Total assets
LIABILITIES
Due to other governments
Total liabilities
Agency Funds
Property HospitalTaxes Bioterrorism
$ 32,466,540 $ gz¿
21,508,759
:_ 3,278
s 53 ?5 20q *
^
rn,
$ 53,975,299 $ 4,202
_$_53,e79¿gg_ Å.__1,202
The notes to the basic financial statemenls are an integral part of this statement.
32
CITY OF OSHKOSH
OSHKOSH, WISCONS¡N
Notes to Basic Financial Statements
December 31, 2009
NOTE A - SUMMARY OF S¡GNIFICANT ACCOUNTING POLICIES
The basic financial statements of the City of Oshkosh ('the City"), Wisconsin, have been prepared in
conformity with accounting principles generally accepted in the United States of America (GAAP) as applied
to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard-
setting body for establishing governmental accounting and financial reporting principles. The significant
accounting principles and policies utilized by the City are described below:
1. Reportinq Entitv
The City of Oshkosh is a municipal corporation governed by an elected seven member council.
ln accordance with GMP, the basic financial statements are required to include the City (the primary
government) and any separate component units that have a significant operational or financial
relationship with the City. The City has identified the following component units that are required to be
included in the basic financial statements in accordance with standards established by GASB Statement
No.14.
Discretely presented component units:
The component unit columns in the basic financial statements include the financial data of the City's
component units, the Housing Authority and the Redevelopment Authority of the City of Oshkosh. They
are reported in separate columns to emphasize that they are legally separate from the City. The Housing
Authority's fiscal year end is June 30, and the Redevelopment Authority's fiscal year end is December 31.
Complete financial statements for the Housing Authority may be obtained at the entity's administrative
offices:
The Housing Authority of the City of Oshkosh
600 Merrit Avenue, P.O. Box 397
Oshkosh, WI 54901-0397
Other entities:
The City has included in its primary government financial statements the following entities, which although
they have other advisory boards and committees, are not considered separate entities with corporate
powers:
Oshkosh Public Library
Transit Commission
Business lmprovement District
Water Utility
Certain other significant governmental entities, which provide service within the City, are governed by
separate boards or commissions and are not accountable to the City. Consequently, financial information
for the following entities is not included within the scope of the City's reporting entity and is not included in
the City's financial statements.
School District of Oshkosh Area
Fox Valley VTAE District
2. Government-Wide and Fund Financial Statements
The government-wide financial statements (i.e., the statement of net assets and the statement of
activities) report information on all of the nonfiduciary activities of the City. For the most part, the effect of
interfund activity has been removed from these statements. Governmentat activities, which normally are
supported by taxes and intergovernmental revenues, are reported separately from busrness-fype
activities, which rely to a significant extent on fees and charges for support.
33
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
The statement of activities demonstrates the degree to which the direct expenses of a given function are
offset by program revenues. Direct expenses are those that are clearly identifiable with a specific
function or segment. Program revenues include 1) charges to customers or applicants who purchase,
use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2)
grants and contributions that are restricted to meeting the operational or capital requirements of a
particular function. Taxes and other items not properly included among program revenues are reported
instead as general revenues.
Separate fund financial statements are provided for governmental funds, proprietary funds, and fiduciary
funds, even though the latter are excluded from the government-wide financial statements,
Governmental funds include general, special revenue, debt service, capital projects, and permanent
funds. Proprietary funds include enterprise funds and internal service funds. Major individual
governmental funds and major individual enterprise funds are reported as separate columns in the fund
financial statements. All remaining governmental and enterprise funds are aggregated and reported as
nonmajor funds.
The City reports the following major governmental funds:
GENERAL FUND
This is the City's primary operating fund. lt accounts for all financial resources of the general
government, except those required to be accounted for in another fund.
DEBT SERVICE FUND
This fund accounts for the resources accumulated and payments made for principal and interest on
long-term general obligation debt of governmental funds.
The City reports the following major enterprise funds:
TRANSIT UTILITY FUND
This fund accounts for the operations of a bus transit system for the City of Oshkosh. Financing is
provided through user fees, federal and state grants, and general property taxes.
WATER UTILITY FUND
This fund accounts for the construction, operation and maintenance of the City owned water facilities.
SEWER UTILITY FUND
This fund accounts for the construction, operation and maintenance of the City owned sewerage
facilities.
STORM WATER UTILITY FUND
This fund accounts for the construction, operation and maintenance of the City owned storm water
facilities.
The City also reports the following fund types:
lrutenruRl SERvlce Fu¡¡o
This fund accounts for the financing of goods and services provide by one department to other City
departments or to other governments on a cost reimbursement basis.
34
J
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
Aoerucv Fut¡o
This fund accounts for the current year tax levy collectible in the subsequent year for the City and in a
custodial capacìty as an agent on behalf of others.
Measurement Focus, Basis of Accountinq, and Financial Statement Presentation
The government-wide financialstatements are reported using the economic resources measurement
focus and Ihe accrualbasrs of accounting, as are the proprietary fund and fiduciary fund financial
statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred,
regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for
which they are levied. Grants and similar items are recognized as revenues as soon as all eligibility
requirements imposed by the provider have been met.
Governmental fund financial statements are reported using the current financialresources measurement
focusandlhemodifiedaccrualbasrsofaccounting. Revenuesarerecognizedassoonastheyareboth
measurable and available. Revenues are considered to be available when they are collectible within the
current period orsoon enough thereafterto pay liabilities of the current period. Forthis purpose, the City
considers revenues to be available if they are collected within 60 days of the end of the currentfiscal
period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting.
However, debt seruice expenditures, as well as expenditures related to compensated absences and
claims and judgments, are recorded only when payment is due.
Private-sector standards of accounting and financial reporting issued prior to December 1, '1989,
generally are followed in both the government-wide and proprietary fund financial statements to the extent
that those standards do not conflict with or contradict guidance of the Governmental Accounting
Standards Board, Governments also have the option of following subsequent private-sector guidance for
their business{ype activities, and enterprise funds subject to this same limitation. The City has elected
not to follow subsequent private-sector guidance.
As a general rule the effect of interfund activity has been eliminated from the government-wide financial
statements.
Amounts reported as program revenues include 1) charges to customers or applicants for goods,
services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and
contributions. lnternally dedicated resources are reported as generalrevenues rather than as program
revenues. Likewise, general revenues include alltaxes.
Proprietary funds distinguish operafing revenues and expenses from non-operating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods in
connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the
City's enterprise funds are charges to customers for services. Operating expenses for enterprise funds
include the cost of services, administrative expenses, and depreciation on capital assets. All revenues
and expenses not meeting this definition are reported as non-operating revenues and expenses.
When both restricted and unrestricted resources are available for use, it is the City's policy to use
restricted resources first, then unrestricted resources, as they are needed.
35
4
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 3'1, 2009
Assets, Liabilities and Net Assets or Equitv
A. Cash and lnvestments
Cash and investments are combined in the financial statements. Cash deposits consist of demand
and time deposits with financial institutions and are carried at cost. lnvestments are stated at fair
value. Fair value is the amount at which a financial instrument could be exchanged in a current
transaction between willing parties, otherthan in a forced or liquidation sale. For purposes of the
statement of cash flows, all cash deposits and highly liquid investments (including restricted assets)
with a maturity of three months or less from date of acquisition are considered to be cash equivalents.
B. Accounts Receivable
Accounts receivable are recorded at gross amount with uncollectible amounts recognized under the
direct write-off method. No allowance for uncollectible accounts has been provided since it is
believed that the amount of such allowance would not be material to the basic financial statements.
C. lnterfund Receivables and Payables
During the course of operations, numerous transactions occur between individual funds for goods
provided or services rendered. These receivables and payables are classified as "due from other
funds" and "due to other funds" in the fund financial statements. Noncurrent portions of the interfund
receivables for the governmental funds are reported as an "advance to other funds" and are offset by
a deferred revenue account or shown as a reservation of fund balance since they do not constitute
expendable available financial resources and therefore are not available for appropriation.
The amount reported on the statement of net assets for internal balances represents the residual
balance outstanding between the governmental activities, and business{ype activities.
D. lnventories
lnventories are recorded at cost, which approximates market, using the first-in, first-out method.
lnventories consist of expendable supplies held for consumption. The cost is recorded as an
expenditure at the time individual inventory items are consumed rather than when purchased,
lnventories of governmental fund types in the fund financial statements are offset by fund balance
reserve accounts to indicate that they do not represent spendable available financial resources.
E. Prepaid ltems
Payments made to vendors that will benefit periods beyond the end of the current fiscal year are
recorded as prepaid items.
Prepaid items of governmental fund types in the fund financial statements are offset by fund balance
reserve accounts to indicate that they do not represent spendable available financial resources.
F. CapitalAssets
Capital assets, which include property, plant, equipment, and infrastructure assets, are reported in the
applicable governmental or businesslype activities columns in the government-wide financial
statements. Capital assets are defined by the City as assets with an initial, individual cost of $1,500
or higher and an estimated useful life in excess of one year. Such assets are recorded at historical
cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at
estimated fair market value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially
extend asset lives are not capitalized.
JO
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
Depreciable capitalassets of the City are depreciated using the straight-line method overthe
following estimated useful lives:
Governmental I Business-Type
Activities I Activities
Years
Assets
Buildings, systems and land improvements
Machinery and equipment
lnfrastructures
30-80
1-25
20-35
G
H
t.
25-88
10-25
40 - '150
Comoensated Absences
The City's policy allows employees to earn one day of sick pay per month of service, accumulating to
varying maximum amounts. The City's employees also are granted vacation in varying amounts
based on length of service. All vacation and sick leave is accrued when incurred in the government-
wide and proprietary fund financial statements. A liability for these amounts is reported in the
governmentalfunds in the fund financial statements only if they have matured, for example, as a
result of employee resignations and retirements.
Deferred Revenue
Governmental funds report deferred revenue in connection with receivables for revenues that are not
considered to be available to liquidate liabilities of the current period or for resources that have been
received, but not yet earned.
Long-term Obliqations
ln the government-wide financial statements, and proprietary fund types in the fund financial
statements, long-term debt and other long{erm obligations are reported as liabilities in the applicable
governmental activities, business{ype activities, or proprietary fund type statement of net assets.
Bond premiums and discounts, as well as issuance costs, are deferred and amortized over the life of
the bonds. Bonds payable are reported net of the applicable bond premium or discount. Bond
issuance costs are reported as deferred charges and amortized over the term of the related debt.
ln the fund financial statements, governmentalfund types recognize bond premiums and discounts,
as well as bond issuance costs, during the current period. The face amount of debt issued is
reported as other financing sources. Premiums received on debt issuances are reported as other
financing sources while discounts on debt issuances are reported as other financing uses. lssuance
costs, whether or not withheld from the actual debt proceeds received, are repofted as debt service
expenditures.
Net Assets and Fund Equitv
Net assets
Net assets represent the difference between assets and liabilities. Net assets invested in capital
assets, net of related debt consists of capital assets, net of accumulated depreciation, reduced by the
outstanding balances of any borrowings used for the acquisition, construction or improvement for
those assets. Net assets are reported as restricted when there are limitations imposed on their use
through external restrictions imposed by creditors, grantors or laws or regulations of other
governments.
The City applies restricted resources when an expense is incurred for purposes for which both
restricted and unrestricted net assets are available.
J
37
NOTE
1.
CITY OF OSHKOSH
OSHKOSH, WISCONSlN
Notes to Basic Financial Statements
December 31, 2009
ln the fund financial statements, governmental funds report reservations of fund balance for amounts
that are not available for appropriation or are legally restricted by outside parties for use for a specific
purpose. Designations of fund balance represent tentative management plans that are subject to
change.
K. Estimates
The preparation of the financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions that affect the amounts reported
in the financial statements and accompanying notes. Actual results may differ from those estimates.
B . STEWARDSHIP AND COMPLIANCE
Budqets and Budqetarv Accountinq
The City adopted annual Governmental Fund budgets for the General Fund, certain Special Revenue
Funds and certain Debt Service Funds. These budgets are adopted in accordance with State Statutes
and are prepared on a basis consistent with generally accepted accounting principles. The budgetary
data presented on the Statement of Revenues, Expenditures and Changes in Fund Balances - Budget
and Actual reflects the original approved budgets of the above funds and subsequent revision authorized
by the City's Common Council. Flexible, annual budgets are approved for Proprietary Funds to provide
for financial management. Long-term budgets are adopted for Capital Projects Funds.
The following procedures are used in establishing the budgetary data reflected in the financial
statements:
. ln early October, the Finance Director and City Manager submit to the Common Council a
proposed operating budget for the fiscal year commencing the following January 1. The
operating budget includes proposed expenditures and the means of financing them.
. A public hearing is conducted in the Council Chambers to obtain taxpayer comments.
. At the second council meeting in November, the budget is legally enacted through passage of a
resolution.
. The Finance Director is authorized to transfer budget amounts within departments upon City
Manager approval; however, any revisions that alter the total expenditures of any fund must be
approved by the Common Council.
. Formal budgetary integration is employed as a management control device during the year for the
General Fund, six Special Revenue Funds (Library, Museum, Cemetery, Committee on Aging,
Recycling Funds and Street Lighting Funds) and the Debt Service Fund exclusive of the Cross
Over Refunding and Current Refunding Debt Service Funds.
. Budgetary expenditure control is exercised at the department level.
. Budgeted amounts are as authorized in the original budget resolution and subsequent revisions
authorized by the Common Council.
. All appropriations lapse at year end.
The City did not have any major violation of legal or contractual provisions for the fiscal year ended
December 31, 2009.
38
GITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
2. Excess of Expenditures Over Budget Appropriations
The following expenditure accounts had actual expenditures in excess of budget appropriations for the
year ended December 31, 2009 as follows:
Excess
Fund Function E ditures
Generalfund
Parks and recreation
Special Revenue
Aging services
Museum
Library
Cemetery
Recycling
Recycling
Capitaloutlay
Parks and recreation
Capitaloutlay
Parks and recreation
Capitaloutlay
Parks and recreation
$ 1 10,057
250
107,218
972
32,1 83
218,6'19
943,704
The above excess expenditures were funded using positive revenue variances and available fund
balances.
3. Deficit Fund Equitv
The following funds had deficit fund equity as of December 31, 200g:
Fund Deficit Fund Equ
Health special revenue fund $ 6,639
Public Works capital projects fund 33,632
Other Public Works Assessement capital projects fund 1,952,249
The City anticipates funding the above deficits from future revenues and tax levies of the funds.
39
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
NOTE C. DETAILED NOTES ON ALL FUNDS
1. Cash and lnvestments
The City maintains various cash and investment accounts, including pooled funds that are available for
use by all funds. Each fund's portion of these accounts is displayed in the financial statements as "Cash
and investments."
lnvested cash consists of deposits and investments that are restricted by Wisconsin Statutes to the
following:
Time deposits; repurchase agreements; securities issued by federal, state and local governmental
entities; statutorily authorized commercial paper and corporate securities; and the Wisconsin local
government investment pool.
The carrying amount of the City's cash and investments totaled $96,555,347 on December 31, 2009 as
summarized below:
Petty Cash funds
Deposits with financial institutions
lnvestments
Federal agencies
Money markets
Mutualfunds
U.S. Treasury
Wisconsin local government pool
Reconciliation to the basic financial statements:
Basic financial statements
Cash and investments
Restricted cash and investments
Fiduciary funds
Agency fund
8,385
84,102,784
635,553
30,269
188,306
11,556,800
33,250
96,555,347
$ 50,362,931
13,724,952
32,467,464
$ 96,555,347
Deposits and investments of the City are subject to various risks. Presented below is a discussion of the
specific risks and the City's policy related to the risk.
Custodial Credit Risk
Custodial credit risk for deposiús is the risk that, in the event of the failure of a depository financial
institution, a government will not be able to recover its deposits or will not be able to recover collateral
securities that are in the possession of an outside party. The custodial credit risk lor investmenfs is the
risk that, in the event of the failure of the counterparty (e.9., broker-dealer) to a transaction, a government
will not be able to recover the value of its investment or collateral securities that are in the possession of
another party. Wisconsin statutes require repurchase agreements to be fully collateralized by bonds or
securities issued or guaranteed by the federal government or its instrumentalities. The City does not have
an additional custodial credit risk policy.
40
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
Deposits with financial institutions are insured by the Federal Deposit lnsurance Corporation (FDIC) in the
amountof$250,000perofficialcustodianthroughDecember31,2013. lnaddition,theCity'snon-interest
bearing transaction accounts and low-interest NOW accounts are fully insured under the Temporary
Transaction Account Guarantee Program through December 31,2010. On January 1, 2014, the
coverage limit for all accounts will return to $'100,000 for interest bearing accounts and $100,000 for non-
interest bearing accounts. ln addition, the State of Wisconsin has a State Guarantee Fund which
provides a maximum of $400,000 per public depository above the amount provided by an agency of the
U.S. Government. However, due to the relatively small size of the State Guarantee Fund in relation to the
Fund's total coverage, total recovery of insured losses may not be available.
As of December 31, 2009, $37,58'1,079 of the City's deposits with financial institutions was in excess of
federal depository insurance limits and uncollateralized.
Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of
the investment. This is measured by the assignment of a rating by a nationally recognized statistical
rating organization. Wisconsin statutes limit investments in securities to the top two ratings assigned by
nationally recognized statistical rating organizations. The City does not have an additional credit risk
policy. Presented below is the actual rating as of year end for each investment type.
lnvestment Tvpe Amount
Exempt
From
Disclosure
Ratinos as of Year End
AAA Aa
Not
RatedU.S.Treasurybonds $11,556,800 $11,556,800 $ - $
Federal agencies
Money market
Mutualfunds
Wisconsin local governement
investment pool
Totals
635,553
30,269
188,306
33,250
$ 12,444,178 $11,556,900
635,553
$ 635,553 $ -
30,269
188,306
33,250
$ 251,825
lnterest Rate Risk
lnterest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an
investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value
to changes in market interest rates. One of the ways that the City manages its exposure to interest rate
risk is by purchasing a combination of shorter term and longer term investments and by timing cash flows
from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time
as necessary to provide the cash flow and liquidity needed for operations.
41
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 3'1, 2009
lnformation about the sensitivity of the fair values of the City's investments to market interest rate
fluctuations is provided by the following table that shows the distribution of the City's investments by
maturity:
U.S. Treasury bonds $ 11,556,800 $ 5,497,409 $ 6,059,39'l $ - $
Federal agencies 635,553 635,553
Money market 30,269 30,269
Mutual funds '188,306 188,306
Wisconsin local governement
investment pool
Totals $ 12,444,178 $ 6,384,787 $ 6,059,391
lnvestments with Fair Values Highlv Sensitive to lnterest Rate Fluctuations
The City's investments do not include investments that are highly sensitive to interest rate fluctuations.
lnvestment in Wisconsin Local Government lnvestment Pool
The City has investments in the Wisconsin local government investment pool of $33,250 at year-end.
The Wisconsin local government investment pool (LGIP) is part of the State lnvestment Fund (SlF), and is
managed by the State of Wisconsin lnvestment Board. The SIF is not registered with the Securities and
Exchange Commission, but operates under the statutory authority of Wisconsin Chapter 25. The SIF
reports the fair value of its underlying assets annually. Participants in the LGIP have the right to withdraw
their funds in total on one day's notice. At December 31, 2009, the fair value of the City's share of the
LGIP's assets was substantially equal to the carrying value.
Component Units
The Housing Authority, as a component unit of the City of Oshkosh, also maintains separate cash and
investment accounts as detailed below:
Demand deposits
At June 30, 2009, the carrying amount of the Authority's demand deposits was $649,061 and the
bank balance was $649,061. Of the bank balance, $250,000 was covered by Federal depository
insurance, $400,000 was covered by the State of Wisconsin Public Deposit Guarantee Fund and $0
was uninsured and uncollateralized.
lnvestments
At June 30, 2009, the carrying amount of the Authority's deposits was $890,901 and the bank
balance was $933,1 15. None of this balance was covered by federal depository insurance or the
State of Wlsconsin Public Deposit Guarantee Fund.
33,250 33,25044J7e $ 6,384,787 $6,059,391 $ $ -
lnvestment Tvoe Amount
Remaininq MaturiW (in Months)
12 months
or Less
13 to 24
Months
25 to 60
Months
More Than
60 Months
42
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
The Redevelopment Authority, as a component unit of the City of Oshkosh, also maintains separate cash
and investment accounts as detailed below:
Demand deposits
At December 31, 2009, the carrying amount of the Authority's deposits was $2,197,31 '1 and the bank
balance was $2,197 ,311. Of the bank balance, $250,000 was covered by federal depository
insurance and $400,000 was covered by the State of Wisconsin Public Deposit Guarantee Fund. ln
addition, the Authority's non-interest bearing transaction accounts and low-interest NOW accounts
are fully insured under the Temporary Transaction Account Guarantee Program through December
31,2010.
As of December 31, 2009, $0 of the Authority's deposits with financial institutions was in excess of
federal depository insurance limits and uncollateralized.
lnvestments
On December 31, 2009, the Authority held U. S. Treasury Obligations of $1 ,971,314. These
obligations carry a credit rating of AAA and will mature within 12 months. None of this balance was
covered by federal depository insurance or the State of Wisconsin Public Deposit Guarantee Fund.
2. Restricted Assets
Restricted assets on December 31, 2009 totaled $13,724,952 and consisted entirely of cash and
investments for the following purposes.
Water Utility
Debt proceeds restricted for capital outlay
Depreciation fund
General obligation redemption fund
Sewer Utility
Debt proceeds restricted for capital outlay
Replacement fund
Storm Water Utility
Debt proceeds restricted for capital outlay
General obligation redemption fund
Oshkosh Redevelopment Project
General obligation redemption fund
Total Restricted Assets
1,904J25
134,496
1 ,196,880
3,235,501
1,839,465
2,684,944
343,147
13,724,952
43
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
3. Propertv Taxes
Property taxes are recorded in the year levied as receivables and deferred revenues in the Agency
Funds. They are recognized in the appropriate funds as revenues in the succeeding year when services
financed by the levy are provided. ln addition to property taxes for the municipality, taxes are collected for
and remitted to the State and County governments as well as the local and vocational school districts.
Taxes for all State and local governmental units billed in the current year for the succeeding year are
reflected as due to other governments on the accompanying balance sheet. Taxes are levied in
December on the assessed value as of the prior January 1.
Property tax calendar - 2009 tax roll:
Lien date and levy date
Tax bills mailed
Payment in full, or:
First installment due
Second installment due
Third installment due
Fourth installment due
Personal property taxes in full
Tax settlements:
lnitialsettlement
Second, third and fourth settlement
Final settlement
Tax deed by County -
2009 delinquent real estate taxes October 1,2013
Propertv Tax Levy Limit
Wisconsin Act 25, effective July 27 ,2005, imposes a limit on the property tax levies for all Wisconsin
cities, villages, towns and countíes for a two-year period. Wisconsin State Budget bill SB40 continues the
limit on property tax levies through 2010. The budget bill limits the increase in lhe maximum allowable
tax levy to the greater of the percentage change in the City's January 1 equalized value as a result of net
new construction or 3.0% per year in both the 2009 and 2010 budget years. The actual limit for the City
for the 2010 budget was 3.0%. The levy limit is applied to both operations and debt service. However,
the Act allows the limit to be increased for debt service authorized prior to July 1, 200S and in certain
other situations.
December 31, 2009
December 3'1, 2009
January 31, 2010
March 31, 2010
May 31 ,2010
July 31 ,2010
January 31,2010
January 15,2010
20 days after the collection date
August 20,2010
44
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
Capital Assets
Capital asset activity for the year ended December 31, 2009 was as follows:
Governmental activities:
Capital assets not being depreciated
Land
Total capital assets not being depreciated
Capital assets being depreciated
Buildings and systems
I nfrastructures
Machinery and equipment
Total assets being depreciated
Less accumulated depreciation for:
Buildings and systems
lnfrastructures
Machinery and equipment
Total accumulated depreciation
Total capital assets being depreciated, net
Governmental activities capital assets, net
14,753,601 $ 1,701,199 $ 90,000
1,701,199 90,000
$ 16,364,800
16,364,80014,753,601
40,291 ,97 1
76,453,079
42,613,778
159,358,828
315,894
5,013,147
2,596 085
7,925,126
3,290,456
1,088,778
4,379,234
40,607,865
78,175,770
44,121,085
162,904,720
9 414,356
37,425,934
23,046,399
69,886,689
93,018,031
$ 109,382,831
8,539,300
36,354,271
21,725,026
66,618,597
92,740,231
$ 107,493,832
875,056
4,362,119
2,410,151
7,647,326
277,800
3,290,456
1 088,778
4,379,234
$ 1,978,999 $ 90,000
Depreciation expense was charged to functions of the primary government as follows:
Governmental activities:
General government
Public safety
Public works
Parks and recreation
Community development
Total depreciation expense - governmental activities
$ 317,599
836,857
5,321,417
1,129,901
128,111
$ 7,737,326
Primary Government
Beginning
Balance lncreases Decreases
Ending
Balance
45
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
Business-type activities:
Capital assets not being depreciated
Land
Construction in progress
Total capital assets not being depreciated
Capital assets being depreciated
Buildings, systems, & land improvements
Machinery and equipment
Total assets being depreciated
Less accumulated depreciation for:
Buildings, systems, & land improvements
Machinery and equipment
Total accumulated depreciation
Total capital assets being depreciated, net
Business-type activities capital assets, net
$ 34,732,125 $ 2,480,670 $ 99 000 $ 37,113,795
11,143,034 14,277,664 - 25,420 69845,875,159 16,758,334 99,000 62,534,493
186,705,622 5,084,190 870,501 190 919,311
Depreciation expense was charged lo functions of the primary government as follows:
36,913,665 1,833,883 1,381,016 37,366,532223,619,287 6,918,073 2,251,517 228,285,843
45,453,236 4,455,423 870,501 49,038,15825,428,086 1,843,979 1,381,016 25,891 049
7 0 ,881 ,322 6 ,299 ,402 2,251 ,517 7 4 ,929 ,207
152,737,965 618,671 - 153,356,636
$ 198,613,124 $ 17,377,005 $ 99,000 $ 2.15,891,.129
$ 353,677
3,161,313
2,205,168
237,283
218,553
$ 6,175,994
Businesslype activities:
Transit utility
Water utility
Sewer utility
Storm water utility
Other
Total depreciation expense - business{ype activities
5. Notes receivable
Notes receivable of $3,207,869 in the Special Revenue Fund represents noninterest bearing loans made
to City residents as part of the City's participation in the Community Block Grant Program for residential
rehabilitation. These notes are payable to the City at the time the property is sold or at the time the
property is no longer occupied by the owner and is due to the funding agency upon termination of the
program.
Primarv Government
Beginning
Balance lncreases Decreases
Ending
Balance
46
CITY OF OSHKOSH
OSHKOSH, WISCONS¡N
Notes to Basic Financial Statements
December 31, 2009
Long-term Obliqations
The following is a summary of changes in longlerm obligations of the City for the year ended December
31,2009:
Beginning
Balance Additions Reductions
Ending
Balance
Due Within
One Year
Governmental activities:
General obligation
bonds and notes
Total bonds and notes payable
Other liabilities
Unused vacation and
sick leave credits
Accrued OPEB obligation
Unfunded pension liability
Total other liabilities
Total governmental activities
long-term obligations
Business{ype activities:
Bonds payable
General obligation debt
Revenue bond
Less defened amount
on refundings
Total bonds and notes payable
Other liabilities
Unused vacation and
sick leave credits
Total business-type activities
long{erm obligations
$ 53.244.856 $ 6,587,500 $ 5,237,862 $ 4,373,567
53,244,856 6,587,500 5,237,862 4,373,567
'1 ,669,721 13,901,495
20,712j33 1 I,053,100
20,712j33 1 1,053,100
738,1 39 492,621 744,469 481,016
$ 116,'148,896
Total interest paid during the year on long-term debt totaled $7,042,861.
$ 54,594,494
54,594,494
2,889,010
761,466
9,274,093
12,924,569
989,777
679,944
572
259,051
433,172
692,795
2,888,438
1,492,192
9.520.865 434,000
434,000
$ 66,169,425 $ 8,257,221 $ 5,930,657 $ 68,495,989 $ 4,807,567
$ 66,439,949
50,088,740
$ 15,212,896 $ 6,590,086
5,499,237 4,314,829
$ 75,062,759
51,273,148
$ 7,391,443
3,66'1,657
116,528,689
(1 ,1 17,e32)
115,410,757
10,904,915
(1 83,1 40)
10,721 ,775
126,335,907
(934,792)
125,401,115
498,951
$ 21,211,084 $ 11,214,396 $ 126,145,584 $ 11,534,116
47
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
General Obliqation Debt
General obligation debt currently outstanding is detailed as follows:
Refunding bonds:2.00 - 5.00
2-00 - 5.00
3 75 - 4.125
4.00
4.00 - 4.80
4.10 - 5.00
4 70 - 5.05
4.00 - 6.80
2.50 - 5.00
3.25 - 6.00
3.00 - 5.75
3.25 - 4.50
4.00 - 4.50
5.15 - 5.40
4.00 - 5.00
4.00 - 4.75
2 00 - 5.75
4.00 - 5.00
4.78
5.00
2.13 - 3.80
5.00
5.00
2.00 - 3.63
5.00
2.00 - 4.00
5.00
5.00
5.00
3.00 - 3.50
5.00
4.50
4.50
3.65 - 4.00
4.00
3.25 - 4.00
5.25
4.75
4.50
2.00 - 4.50
4.50
4.50
Corporate purpose bonds:
Promissory notes:
7t15t2003
711512003
9t112005
12t28t2006
3/1 /1 999
3i 1 /l 999
3t1t2002
31112002
2t1t200s
211t2003
3t1t2004
2t8t2005
3t1t2006
31112006
3t1t2007
311t2008
5t1t2009
3t1t2001
3t1t2002
511512002
21112003
311912003
7t212003
9/1 5/2003
912412003
3t1t2004
11123t2004
12t712004
9t15t2004
2t812005
513112005
't2t20t2005
12t20t2005
3t1t2006
31112007
31112008
'U29t2008
11118t2008
12t30t2008
5t1t2009
4t21t2009
1111012009
3/15104 - 23
3t15104 - 21
't2t1t06 - 20
1211t07 - 14
12t1199 - 16
12t1t00 - 18
12t1t03 - 21
12t1t03 - 21
1211/05 - 22
't2t1t05 - 22
12t1t05 - 23
12t1t06 - 24
1211t07 - 25
1211107 - 25
12l1l0B - 26
1211lls - 27
12t1t09 - 28
'1211t02 - 10
1211t03 -',t1
3t15t03 - 22
12t1t04 - 12
3115t04 - 23
3115t04 - 23
12t1t04 - 10
3t15t05 - 23
12t1t05 - 13
3t15t06 - 24
31',t5t06 - 24
3115106 - 24
1211106 - 14
3t15t07 -25
3t15t07 -25
3115107 -25
12t1t07 - 15
12t1t08 -'16
12t1t09 - 17
3115109 - 27
3115110 - 20
3/15/10 - 18
12t1t10 - 18
3/í5/10 - 19
3/15/10 - 19
6115 -',t2t15
6t15 - 12t15
611 - 12t1
6t1 - 12t1
611 - 12t'l
6t1 - 12t1
6t1 - 12t',1
6t1 - 12t1
6t1 - 12t1
611 - 12t1
611 - 12t1
6t't - 12t1
6l'l - 12t1
6t1 - 12t1
6t1 -'t2t1
6t1 - 12t1
6t1 - 12t1
611 - 12t1
6t1 - 12t1
3t15
611 - 12t1
3/1 5
3/1 5
6t1 - 12t1
3/1 5
6t1 - 12t1
3/1 5
3/1 5
3/1 5
6t1 -12t1
3t15
3t15
3/1 5
611 - 12t',1
6t1 - 12t1
6t1 - 12t1
3/1 5
3t15
3/1 5
6t1 - 12t1
3i15
3t15
8,615,000
1,050,000
18,335,000
11,865,000
4,540,000
3,560,000
11,225,000
7,580,000
11,675,000
1,420,000
6,480,000
7,395,000
9,265,000
1,995,000
7,950,000
5,1 05,000
16,740,000
2,110,000
2,260,000
'l ,012,000
2,615,000
375,000
1,365,720
4,380,000
226,000
1,56s,000
'1,200,000
99,000
100,000
2,540,000
200,000
1 ,1 63,000
656,000
2,500,000
3,375,000
1,565,000
1,419,815
1,832,000
1j22,000
2,945,000
1,322,463
792,933
$ 4,965,000
580,000
14,590,000
4,955,000
1,970,000
1,905,000
8,555,000
5,910,000
9,215,000
1 ,140,000
5,335,000
6,245,000
8,245,000
1,790,000
7,380,000
4,925,000
16,740,000
290,000
605,000
757,055
985,000
297,905
1 ,069,510
395,000
189,292
765,000
1,045,747
86,1 19
87,919
'1 ,510,000
172,191
1,047 ,940
591,100
1,765,000
2,735,000
1,420,000
1,383,079
1,832,000
1122,000
2,945,000
1,322,463
792,933
129,657,253
75,062,759
$ 54,594,494
Type Date of lssue lnterest rate
Principal
oavable
lnterest
pavable
Original
amount
Þatance
outstanding
December 31,
2009
Less amounts related to Enterprise Fund
48
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December31,2009
Enterprise Fund - Revenue Bonds
The city has issued Revenue Bonds as detailed below. These bonds are considered special obligations
of the City payable solely from net revenues of the respective Utility's Systems and do not constitute debt
which the faith and credit or taxing powers of the City are pledged. ln accordance with the resolutions
which authorized the issuance of the debt issues, the City covenanted with the bondholders to, among
other things, faithfully and punctually perform all duties with reference to the respective Utilities required
by the Constitution and Statutes of the State of Wisconsin, including the making and collecting of
reasonable and sufficient rates lawfully established for services rendered by the respective Utilities, and
to segregate the revenues of the respective Utilities and apply them to the réspective funds described in
the authorizing Resolution. ln addition, the borrowing resolution included restrictive investment provisions
requiring fully insured or collateralized investments.
Type
Year
of
lssue
lnterest
Rate
Principal
pavable
lnterest
oavable
Original
amount
Balance
outstanding
December 31,
2009
Sewerage System
Revenue Bonds
Sewerage System
Revenue Bonds
Water Safe Drinking
Revenue Bond
Sewerage System Revenue
Clean Water
Water Safe Drinking
Revenue Bond
Water Safe Drinking
Revenue Bond
Water Utility
Refunding Bond
Water Utility
Refunding Bond
Oshkosh Utility Revenue
Bond
Storm Water Revenue
Bond
Water Utility
Refunding Bond
Water Safe Drinking
Revenue Bond
2003 2.50 - 3.90
2004
2004 2.40 - 5.20
2005 350-4.625
4.0 - 4.5
2.365
1993 & 1994
1 995 to 1 997
384 5101194 - 12
5/01/96 - 15
5/0'1/99 - 19
5/01/00 - 19
5/01/01 - 19
5lo1t02 - 21
1lo1t05 - 12
5t01t05 -24
1t01t05 - 11
5/01/06 - 25
1101t07 - 26
5t0'U10 - 28
íl't & 11t1
511 & 11t'l
511 &'t1t'l
511 & 11t1
511 & 11t',1
1l'l & 7t1
511 & 11t1
1t1 & 7t1
5t1 & 11t'l
1t1 & 7t1
511 & 11t1
17,631 ,411
11,913,672
3,025,930
13,636,364
3,483,913
2,065,000
1,989,231
2,065,000
4,820,000
12,705,000
1,344,824
5t1 & 11t1 $ 2,881,401 $605,580
6,213,205
6,378,022
1 ,800,817
8,1 1 1 ,680
2,3',t',t,787
460,000
2,702,996
325,000
4,110,000
11,410,000
6.844.061
$ 51,273,148
1 998
1 999
2000
2001
2.64
2.64
2.97
2.75
49
A summary of the type and
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
individual Enterprise Funds debt is presented below:
General obligation debt
Revenue bond
Total
Enterprises Funds:
Sewer Utility
Water Utility
Transit Utility
Parking Utility
lndustrial Park
TIF Districts
Golf course
Oshkosh Redevelopmenl
Storm Water
Total
Less:
Current portion
Unamortized expense
Long{erm debt, net
$ 116,528,689 $ 20,712,133
66,439,949
50,088,740
$ 15,212,896
5,499,237
$ 6,590,086
4,314,829
75,062,759
51 ,273,148
$ 10,904,915 126,335,907
27,1 09,469
43,755,201
349J22
333,944
2,663,901
30,296,591
1,112,704
2,467,000
8,440.757
$ 2,585,000
8,216,237
30,500
1,222,463
932,933
100,000
7,625,000
$ 3,011,705
3,462,100
95,1 1 7
50,889
255,730
2,197,695
1,074,299
3 1 0,000
447,380
26,682,764
48,509,338
284,505
283,055
3,630,634
29,031,829
38,405
2,257,000
15,618,377
't16,528,689 S 20,712,133 $ 10,904,915
(1 0,s04,910)
(1,117,932)
$ 104,505,847
126,335,907
(1 1 ,053,100)
(e34,7e2)
$ 1 '14,348,015
Utilitv Revenues Pledqed
The City has pledged future water, sewer, and storm water customer revenues, net of specified operat¡ng
expense, to repay the water, sewer, and storm water revenue bonds. Proceeds from the bonds provided
financing for the construction or acquisit¡on of capital assets used with the sewer system, water utility, and
storm water utility. The bonds are payable solely from water, sewer, and storm waìer net revenues and
are payable ranging from2012 through 2028. Ihe total principaland interest remaining to be paid on the
bonds is $62,745,414. Principal and interest paid for the current year and total customer net revenues
were $5,345,064 and $24,518,045, respect¡vely.
Balance
December 31
2008 Additions Pavments
Balance
December 31
2009
Balance
December 31
2008 Additions Pavments
Balance
December 31
2009
50
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
Annual principal and interest maturities of the outstanding debt on December 31, 2009 are detailed
below:
Year
Ended
December 31,Princioal lnterest Total
Total
Outstandino
$ 180,930,4012010 $ 15,426,667 $ 6,744,281 $ 22,170,948 165,503,7342011 15,893,142 6,452,692 22,345,834 149,610,5922012 15,234,212 5,860,628 21,094,840 134,376,3802013 13,878,521 5,300,712 19,179,233 120,497,8592014 14,030,733 4,785238 18,815,971 106,467,1262015-2019 60,089,927 16,548,533 76,638,460 46,377,1992020-2024 35,691,795 5,981 ,502 41,673,297 10,685,4042025-2028 10,685,404 742,788 11,428,192
$ 180,930,401 $ 52,416,374 $ 233,346,775
Build America Bond
The general obligation debt issued on May 1, 2009 qualifies as Build America Bonds, as described in
Section 54AA of the lnternal Revenue Code. The interest on the debt is taxable as set forth in the
regulations. The City is eligible to receive a35% subsidy of the annual interest payment from the Federal
government. ln order to receive this subsidy it is necessary for the City to fìle a claim form annually.
For the governmental activities, the other long-term liabilities are generally liquidated by the general fund.
Leqal Marqin for New Debt
The City's legal margin for creation of additional general obligation debt on December 31, 2009 is as
follows:
$ 3,801,817,900
$ 190,090,895
$ 129,657,253
Deduct Debt Service Funds available for debt retirement 1 ,146,983 128,510,270
Margin of indebtedness $ 61,580,625
The City has approved the issuance of industrial revenue bonds (lRB) for the benefit of private business
enterprises. lRBs are secured by mortgages or revenue agreements on the associated projects and do
not constitute indebtedness of the City. Accordingly, the bonds are not reported as liabilities in the
accompanying financial statements. The amount of lRBs outstanding at the end of the year is maintained
by the individual private business enterprises and the lending institutions.
Equalized valuation
Margin of indebtedness:
5% of equalized valuation
Less outstanding general obligation debt
51
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
Advanced Refunded Debt
ln prior years, the City issued refunding bonds to cancel certain outstanding bonds for the purposes of
consolidation and to achieve debt savings. The City has placed the proceeds from refunding issues in
irrevocable escrow accounts with a trust agent to ensure payment of debt services on the refunded
bonds.
Accordingly, the trust account assets for the cancelled bonds are not included in the City's financial
statements. Although cancelled, the refunded debt from these earlier issues will not be actually retired
until the call dates have come or until maturity if they are not callable issues. On December gi, ZOOg,
$9,520,000 of bonds outstanding are considered cancelled.
Component Unit Long-term Debt
lnformation relating to the outstanding long-term debt is as follows:
Housinq Authority
First mortgage notes payable:
12t1t1978 6.97%
6.71%
11112019
Wisconsin Housing Partnership Loan
WHEDA WRAP Loan
Anchor Bank -
Atfordable Housing Program
0.00% 1t1t2018
0.00% 9t1t2010
0.00% 10t1t2015
0.00% 6t1t2037
120,713
76,968
14,710
15,000
27,200
500,000
$ 754,591
$ 12,985
28,904
14,887
15,941
17,069
664,905
7t15t1988
8/1/1 990
1 0/1 /1 995
611t2007
14,710
15,000
29,200
500,000
Annual principal maturities of the outstanding debt on June 30, 2009 are detailed below:
Year endinq June 30
2010
2011
2012
2013
2014
Thereafter
Tvoe
Date of
lssue
lnterest
rate
Maturity
date
Original
amount
Balance
Outstanding
June 30, 2009
52
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
Redevelopment Authoritv
Taxable redevelopment
lease revenue bonds 6t20t2006 6.25% 612012031 $ 6,360,000
Less deferred charges
$ 6,360,000
(190,e8s)
$ 6,169,01 I
Annual principal maturities of the outstanding debt on December 31 , 2009 are detailed below:
Year ending December 31,
2010-2024
Thereafter
7. lnterfund Balances and Activitv
lnterfund receivables and payables at December 31, 2009 were as follows:
$-
6,360,000
$ 6,360,000
Net Due to Other
Due From I Due To I Funds on Statement
Other Funds I Other Funds I of Activities
Generalfund
Capital projects funds
Special revenue funds
Total governmental activities
Parking utility fund
Water utility fund
Sewer utility fund
Storm water ut¡lity
Transit utility fund
Other enterprise funds
Total business-type activities
Totals
81,000
17,951,282 8,505,990
7,878,108
5,961,742
4,030,432
627.772 (546,772)
$ 5,961,742
1 1,908,540
9.445,402
250
484,052
169,372
90,248
136,930
2,959,671
2,858,185
2,699,011
25,079
(136,680)
(2,475,619)
(2,688,813)
(2,597,763)
(25,07e)
743 922
1,521,448 (1,521,448\
1 0, 1 89,324 (9,445,402)
$ 18,695,204 $ 19,695,204
The outstanding balances between funds result mainly from the time lag between the dates that 1)
interfund goods and services are provided or reimbursable expenditures occur, 2) transactions are
recorded in the accounting system, and 3) payments between funds are made.
Tvpe Date of lssue lnterest rate Maturitv date
Original
amount
Balance
outstanding
12t31tjg
53
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
Transfers within the reporting entity are substantially for the purposes of subsidizing operating functions,
funding capital acquisitions or maintaining debt service on a routine basis. Resources are acèumulated in
a fund to support and simplify the administration of various projects.
The government-wide statement of activities eliminates as reported within the segregated governmental
and business-type activities columns. Only transfers between the two columns appear in tñis statement.
The following schedule reports transfers within the reporting entity:
Governmental actlvrt¡es:
Generalfund $
Debt service fund
Other funds
8,940,253
78,982 343,304
646,551
82,974
9,586,804
505,260
Business{ype activities:
Total transfers to:$9,0'19,235 $ - $ 343,304 $ 729,525 $ 10,092,064
B. Fund Equity
Government Statements
Equity is classified as net assets and displayed in three components:
a. lnvested in capital assets, net of related debt - Amount of capital assets, net of accumulated
depreciation, less outstanding balances of any bonds, mortgages, notes, or other borrowings that are
attributable to the acquisition, construction, or improvement-oithose assets.b. Restricted net assets - Amount of net assets that are subject to restrictions that are imposed by
1) externalgroups, such as creditors, grantors, contributors or laws or regulations of other
governments or 2) law through constitutional provisions or enabling legislation.c. Unrestricted net assets - Net assets that are neither classified as róstricted nor as invested in capital
assets, net of related debt.
Net assets of the governmental activities reported on the government-wide statement of net assets at
December 31, 2009 include the following:
lnvested in capital assets, net of related debt
Capital assets, net
Less: related long-term debt outstanding
Plus: unused borrowed funds
Total lnvested in CapitalAssets, Net of Related Debt
Restricted
Debt service
Trust agreements
Unrestricted
Total Governmental Activities Net Assets
109,392,931
54,594,494
3.508.272
58,296,609
1,146,983
3,478,932
7s5,346
Transfer to
TotalTransfers from
Governmental Activities Business-type
ActivitiesGeneral I Debt Service I Otner
63,677,970
54
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
Fund Statements
ln the fund financial statements, portions of governmental fund balances are reserved and not available
for appropriation or are legally restricted for use for a specific purpose. At December 31, 2009, fund
balance was reserved as follows:
General Funds
Reserved for inventories and prepaids
Debt Service Fund
Reserved for debt retirement
Other Governmental Funds
Reserved for capital projects
Reserved for permanent trusts
NOTE D, OTHER INFORMATION
15 934
146,983
3,508,272
3,478,932
1. RetirementCommitments
All eligible City employees participate in the Wisconsin Retirement System (WRS), a cosÞsharing
multiple-employer defined benefit, public employee retirement system. All permanent employees
expected to work at least 600 hours a year (440 hours for teachers and 440 hours for Educational
Support Staff effective July 1, 2009) are eligible to participate in the WRS. Covered employees in the
General category are required by statute to contribute 5.9% of their salary (3.0% for Executives and
Elected Officials, 5.0% for Protective Occupations with Social Security, and 3.2% for Protective
Occupations without Social Security) to the plan. Employers may make these contributions to the plan on
behalf of employees. Employers are required to contribute an actuarially determined amount necessary
to fund the remaining projected cost of future benefits.
The payroll for City employees covered by the WRS for the year ended December 31, 2009 was $31.4
million; the employer's total payroll was $32.9 million. The total required contribution for the year ended
December31,2009was$4.4million,whichconsistedof $1.6million, or5.O%of coveredpayrollfromthe
employer and $2.8 million or 8.5% of covered payroll from employees. The required contribution for
employees for the year ended December 31, 2009 was financed by the City. Total contributions for the
years ending December 31, 2008 and 2007 were $4.4 million and $4.2 million, respectively, equal to the
required contributions for each year.
Employees who retire at or after age 65 (62 for elected officials and 54 for protective occupation
employees with less than 25 years of service, 53 for protective occupation employees with more than 25
years of service) are entitled to receive a retirement benefit. Employees may retire at age 55 (50 for
protective occupation employees)and receive actuarially reduced benefits. The factors influencing the
benefit are: (1) final average earnings, (2) years of creditable service, and (3) a formula factor. Final
average earnings are the average of the employee's three highest year's earnings. Employees
terminating covered employment and submitting application before becoming eligible for a retirement
benefit may withdraw their contributions and, by doing so, forfeit all rights to any subsequent benefit. For
employees beginning participation on or after January 1, 1990 and no longer actively employed on or
after April 24, 1998, creditable service in each of five years is required for eligibility for a retirement
annuity. Participants employed prior to 1990 or after April 24, 1998 are immediately vested.
55
2
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 3'1, 2009
The WRS also provides death and disability benefits for employees. Eligibility and the amount of all
benefits are determined under Chapter 40 of Wisconsin Statutes.
The WRS issues an annual financial report, which may be obtained by writing to the Department of
Employee Trust Funds, P.O. Box7931, Madison, Wl 53707-7931.
Unfunded Pension Liabilitv
The City's unfunded pension liability of $9,5 million on December 31, 2009 is an actuarially computed
liability by the Wisconsin Retirement System (WRS) resulting from increases in employee pension
benefits that exceeded actual prior years' contributions by the City to the WRS. The liability was originally
calculated by the WRS as of January '1, 1990. Since that time, the City has been making additional
monthly payments to the WRS in order to amortize the liability over a 40 year period. ln addition, the City
is charged 7.8% interest peryearon the unpaid balance. As a result, the outstanding balance of the
liability may increase annually if payments made by the City to the WRS are less than the interest
charged. The WRS's 4Q year amortization schedule from 1990 anticipates that the unfunded pension
liability will not be reduced annually for approximately the first 30 years of the schedule.
Other Post Retirement Benefits
A. Police-Fire Pension Fund
The City currently provides contributions to the Wisconsin Retirement Fund for employees
formerly covered under the City sponsored and administered Police - Fire pension fund. ln
accordance with the statute terminating the pension funds, the City chose a "pay-as-you-go"
basis for pension contributions in which payments are made to the Wisconsin Retirement Fund as
the benefìts become due and payable to the participants of the old plan, The total expense for
2009 was $108,658. The total estimated future cost to the City of this plan as of December 31,
2009 is not determinable.
The City provides certain health care benefits for retired police supervisory employees. These
employees may become eligible for those benefits if they reach normal retirement age while
working for the City. The cost of retiree health care benefits is financed on a pay-as-you-go
basis. This benefit was a recently negotiated contract provision; consequently, no costs were
incurred for this benefit in 2009.
B. Health Care
Plan Descripfion - The City provides health care insurance coverage for employees who retire
until they reach the age of 65. The retired employee contributes 100% of the premium for family
coverage or 100% of the premium for single coverage. There are 524 active and 58 retired
employees in the plan.
Annual OPEB Cost and Net OPEB Obligation - The City's annual other post-employment benefit
(OPEB) cost (expense) is calculated based on the annual required contribution (ARC), and the
amount actuarially determined in accordance with the parameters of GASB Statement 45. The
ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal
cost each year and amortize any unfunded actuarial liabilities over a period not to exceed thirty
years. The following table shows the components of the City's annual OPEB cost for the year,
the amount actually contributed to the plan, and changes in the City's net OPEB obligation.
3
56
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
Amount
Annual required contribution
lnterest on net OPEB
Adjustment to annual required contribution
Annual OPEB cost (expense)
Contributions made
Change in net OPEB obligation
OPEB obligation - January 1
OPEB obligation - December 31
989,777
989,777
(259,051)
730,726
761,466
1,492,192
The annual required contribution for the current year was determined as part of the January 1,
2008 actuarial valuation using the unit credit actuarial cost method. The actuarial assumptions
included (a)4.0% discount rate, and (b) medical trend rate with initial rate at 11.0% and ultimate
rate at 4.0o/o.
The actuarial methods and assumptions used include techniques that are designed to reduce the
effect of short-term volatility in actuarial accrued liabilities and the actuarial value of assets,
consistent with a long{erm perspective of the calculations. The unfunded actuarial accrued
liability is being amortized of projected net retiree medical claims cost (and net administrative
costs). The remaining amortization period at December 31,2009 is 28 years, and the remaining
amount is $8,431,791.
Trend lnformation - The City's annual OPEB cost, the percentage of the annual OpEB cost
contributed to the plan, and the net OPEB obligation for 2009 is as follows:
Year
Ended
Annual
OPEB
Cost
Percentage
of Annual
OPEB Cost
Contributed
Net OPEB
Oblioation
12t31t2008 $
12t31t2009
989,777
989,777
23.07% $
26.17%
761,466
1,492,192
Funded Sfafus and Funding Progress - As of January 1, 2008, the most recent actuarial valuation
date, the City's unfunded actuarial accrued liability (UAAL) was $9,534,561.
Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and
assumptions about the probability of occurrence of events far into the future, such as
assumptions about future terminations, mortality, and healthcare cost trends. Actuarially
determined amounts are subject to continual revision as actuarial results are compared with past
experience and new estimates are made about the future.
The City will not directly pay out the benefit amount since the retirees pay their entire premium.
The benefit that the retirees receive gets wrapped into the City's annual premiums.
57
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
Actuarial Methods and Assumptlons - Projections of benefits for financial reporting purposes are
based on the substantive plan (the plan as understood by the employer and plan members) and
include the types of benefits provided at the time of each valuation and the historical pattern of
sharing of benefit costs between the employer and plan members to that point. The actuarial
methods and assumptions used include techniques that are designed to reduce the effect of
short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with
the long{erm perspective of the calculations. Additional information as of the latest actuarial
valuation follows:
Valuation date
Actuarial cost method
Amortization method
Remaining amortization period
Actuarial assumptions -
lnvestment rate of return
Medicaltrend rate
December 31,2007
Unit Credit
Level
28 years
40%
initial - 11.0o/o
ultimate - 4.0%
4
5
Risk Manaqement
The City is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets;
errors and omissions; and naturaldisasters for which the government carries commercial insurance. The
City completes an annual review of its insurance coverage to ensure adequate coverage.
Continqencies
A. The City participates in a number of federal and state assisted grant programs. These programs are
subject to program compliance audits by the grantors or their representatives. Accordingty, tne City's
compliance with applicable grant requirements will be established at some future date. tne amount,
if any, of expenditures which may be disallowed by the granting agencies cannot be determined at
this time although the city expects such amounts, if any, to be immaterial.B. From time to time, the City is party to other various pending claims and legal proceedings. Although
the outcome of such matters cannot be forecast with certainty, it is the opinion of management and
legal counsel that the likelihood is remote that any such claims or proceedings will have a material
adverse effect on the city's financial position or results of operations.
Self-insured nJedical care coveraqe plan
The City maintains a self-insured medical care coverage plan for its employees. The City has established
the Hospital lnsurance Fund (an lnternal Service Fund) to account for the fìnancing of its uninsured risked
of loss. Under this program, the Hospital lnsurance Fund provides coverage up to a maximum of $75,000per contract. The City purchases commercial insurance for claims in excess of coverage provided by the
Fund.
6.
58
7
I
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2009
All funds of the City participate in the program and are charged amounts needed to pay prior - and
current - year claims and to establish a reserve for future insurance costs. That reserve was $2,627,047
at December 31, 2009 and is reported as the net assets balance of the lnternal Service Fund. The claims
liability of $800,000, reported in the Fund at December 31,2009, is based on the requirements of
GovernmentalAccounting Standard Board Statement No. 10, which requires that a liability for claims be
reported if information prior to the issuance of the financial statements indicates that it is probable that a
liability has been incurred at the date of the financial statements and the amount of the loss can be
reasonably estimated. Changes in the Funds' claims liability amount in 2009 were:
Beginning of fiscal
Year liabilitv
Current year claims
And changes in
Estimates Claim oavments
Balance at fiscal year
End
$800,000 $8,546,095 $8,546,095 $800,000
Subsequent events
The City is currently in negotiations to issue in 2010 general fund borrowings of approximately
$12,380,000 and enterprise borrowings of approximately $29,996,000. The impact on the financial
statements is currently unknown due to uncertainty in credit rating, repayment terms and interest rate.
Changes in beqinninq fund balances
The following discloses the restatement of governmental fund balances as of the beginning of the fiscal
year:
Special I Capital
Revenue I Projects
Fund I Fund
Fund balance, beginning of year, as previously stated
lncrease (decrease) due to moving Community Development
Block Grant and Wisconsin Rental Rehabilitation Program
Fund balance, beginning of year, as restated
Fund balance, beginning of year, as previously stated
lncrease (decrease) due to moving Private Trusts
Fund balance, beginning of year, as restated
$ 3,670,732 $ 4,989,533
154,217 (154,217)
$ 3,824,949 $ 4,935,316
Fiduciary
|
Funds - |
Private I Permanent
Trusts I Fund
59
CITY OF OSHKOSH, WISCONSIN
NOTES TO FINANCIAL STATEMENTS. CONTINUED
December 31, 2009
I Segment information
Operating revenues
Operating expenses before
depreciation/amortizat¡on
Depreoiation/amortization
Operating income (loss)
Capital contributions
Tax revenues
lntergovernmental revenues
Net income (loss)
Net property, plant and equ¡pment additions
Net working cap¡tal (negat¡ve)
Total assets
Restricted assets
Net assets
lnvested in capital assets, net of related deb 2,777,803
Unrestricted (665,861)
Grand
Opera
House
$ 5,000
64,035
42,092
(101,127',)
66,621
(34,506)
620,546
(665,861)
2,844.203
Algoma/Church
Deltox
Complex
$
8,985
(8,s85)
(8,98s)
579,433
793,770
Parking
Ut¡lity
$ 220,724
186,048
34,672
4
526,710
(12,616)
(171,620)
2,721,689
Transit
lJtllity
$ 781,952
4,421,315
353,677
(3,993,040)
21,841
108,322
3,827,O43
Q1.o78)
143,251
(1 12,649)
3,353,753
Oshkosh
Redevelopment
Project
lndustrial
Park
Golf
Course
Other
TIF
D¡str¡cts
Storm
Water Sewer Water
Ut¡l¡ty Utility Ut¡lity Total
$ 59,050 $ 11.559.034 $8,996,742 $3,962,269 $26.178,081$ 9,04s $ 32,406
1,058,326
116,242
(1,165,523)
824,773
1,123,133
19,210
1 3,1 96
(169,341) (5,840)
444,835 1,222,438
(513,306) (524,933)
10,058,938 7,038,444
343.147
7,622,785 3,147 ,834
(63.102) (4.880)
$ 551,859
532,490
25,547
(6.1 78)
23 1,136
(172.086)
- 6,256,870
- 183,680
56226 4,701,597
13,490 1.257 ,781
(703.644\ 11,872.990
1,281 ,251 43,536.650
1,231 ,995
(699, 107) 7 ,677 ,3O5
214,337
579,433
2,416,288
(121,12O)
'1,894,550
(9,831)
5,585,656
3,'161,313
2,8'12,065
1 ,501,871
1,186,384
8,697,1 51
5,01 9,890
100,442,485
3,235,501
38,793,672
8,836,976
5,218,908
2,205,1 68
1,572,666
1.447 .805
634,013
4,301,301
578,746
79,995,458
4,524,409
46,369,538
3 549.563
1,596,444
237,283
2.128,542
232,380
1,678,878
3,121,601
5,872,509
31,530,184
5,621,89s
6,337,655
6,635,652
1 8,922,553
6.175,994
1,079,534
4,555,380
7,554,946
4,O10,723
7.954,732
19.822,394
21,231,555
283,596,825
13,724,952
1 10,806,457
25,715.O28
o\
REQUIRED SUPPLEMENTAL INFORMATION
CITY OF OSHKOSH
Oshkosh, Wisconson
Schedule of Other Post Employement Benefit Plan lnformation
December 31, 2009
Schedule of Funding Progress
2007 $ - $ 9,534,56'1 0.00% $ 9,534,561 N/A N/A
Schedule of Employer Contributions
Actuarial
Valuation
Date
December 31.
(1)
Actuarial
Value of
Assets
(2)
Actuarial
Accrued
Liability
(AAL) Entry
Aqe Normal
(3)
Funded
Ratio(\ t (2\
(4)
Unfunded
Actuarial
Accrued
Liability
(uAAL)
Q\-n\
(5)
Covered
Pavroll
UAAL
asa
Percentage
of Covered
Payroll
(4) / (5)
Year Ended
December 31,Emolover Contributions
Annual Required Contribution
(ARC)Percentaqe Contributed
2008 $
2009
228,311 6
259,051
989,777
989,777
23j%
26.2%
The City implemented GASB Statement No. 45 for the fiscal year beginning January 1, 2008. lnformation for prior years
is not available.
61
OTHER SUPPLEMENTAL INFORMATION
CITY OF OSHKOSH
Oshkosh, Wisconsin
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2009
Special
Revenue
Funds
Capital
Projects
Funds
Permanent
Fund
Total
Nonmajor
Governmental
Funds
ASSETS
Cash and investments
Receivables
Taxes
Special assessment
Accounts
Due from other funds
Due from other governments
Notes receivable
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable
Deferred revenues
Deposits
Due to other funds
Due to other governments
Total Liabilites
Fund Balances
Reserved for
Construction of assets
Trust agreements
Unreserved
Undesignated, reported in
Special revenue funds
Capitalprojects funds
Total Fund Balances
TOTAL LIABILITIES AND
FUND BALANCES
Å13.9!ZgZ0_ _S_l_q,94J.qg_Å_3.53e.222_ _$__95. ft ql03_
$ 2,211,524
6,006,800
1,399,478
81,000
402,205
3,207,969
$ 274,905
6,076,901
10,000
627,772
3,207,969
10,197,347
985,269
3,552,858
2,476,738
11 ,908,540
$ 3,s38,382
840
$ 6,735,175
6,006,800
3,552,959
3,876,056
1 1,989,540
402,205
3,207,869
$ 2,713,520
3,649,693
1,173,912
7,878,109
15,415,133
$ 60,290
60,290
$ 3,048,715
9,726,494
1 ,183,812
8,505,990
3,207,969
25,672,770
: u,394,1_52
3,1 10,529
3,1 10,529
(1,885,890)
3,509,272
_$13=392.976_ _Sj_q_%.409_
5,394,152
3,479,932
3,110,529
(1,995,990)
10,097,733
$ 35,770,503
3,479,932
3,479,932
$ 3.539.222:
62
CITY OF OSHKOSH
Oshkosh, Wisconsin
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
Year Ended December 31,2009
Special
Revenue
Funds
Capital
Project
Funds
Total
Nonmajor
Permanent Governmental
Fund Funds
Revenues
Taxes
Special assessments
lntergovernmental
Licenses and permits
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Public safety
Public works
Health and welfare
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess of Revenues Over (Under)
Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances - January 1, restated
Fund Balances - December 31
$ 6,578,812
1,595,559
94,1 5s
1,612,952
2,087,691
11,969,069
$
1 ,164,351
145,4_94
311,856
1,621,701
6,578,812
1,164,351
1,741,053
94,155
1,612,852
227.628 2,627,175
227,628 13,818,398
122,362
3,375,341
1,061,628
5,506,778
1,555,796 2,063,23ô
(3,423)
122,362
3,375,341
1 ,061,628
5,737,829
3,619,032
8,372,637
22,288,829
(8,470,431)
6,597,500
343,304
(505,260)
zsr,ósr
1.041.602 7,331,035
12,663,507
(694,438)
59,000
gg,g47
(168,829)
(19,982)
(714,420)
9,394.271 231 051
445.526 6,425,s44
3.824.949
$ 3,110,529
(2,044,887)
12 142,620
$ 10,097,733
63
CIry OF OSHKOSH
Oshkosh, W¡sconsin
Comb¡ning Statement of Net Assets
Nonmajor Other Propr¡etary Funds
December 31, 2009
ASSETS
Cunent Assets
Cash and investments
Receivables
Accounts
Taxes
Due from other funds
lnventories and prepayments
Total Cunent Assets
Noncurrent Assets
Restilcted assets
Capital Assets
Land and construction ¡n progress
Other capital assets, net of accumulated
depreciation
Total Capital Assets, Net
Notes rece¡vable
Deferred charges and deposits
Total Noncurrent Assets
TOTAL ASSETS
LIABILITIES
Cuffent Liabilities
Aocounts payable
Accrued expenses
Deposits
Due to other funds
Deferred tevenues
Cunent port¡on of long-term obligatrons
Total Current Liabilities
Noncurent Liabilities
Noncurrent port¡on of long-term oþligations
Total Noncurrent L¡abilities
TOTAL LIABILITIES
NET ASSETS
lnvested ¡n capital assets, net of related debt
Unrestr¡cted (def¡cit)
TOTAL NET ASSETS (DEF|crT)
Grand Opera
House
Algoma,t
Church
Deltox
Complex
$ 1 ,182
Parking
Utititv
$ 25,320
838
250
26,408
Oshkosh
Redevelopment
Pro¡ect
$
168,439
1 68,439
343,147
3.217j83
lndustrial
Park
Golf
Course
$ 800
'10,049
10,849
Other
TIF
Districts
$ 14,390,721
'105,931
6,820,713
21,317,365
Total
s 14,996,274
285,557
6,887,1 13
22,169,194
343.147
51,898 214,337 I,851,549 6,778.469 826.541 22,219,285 35,159,262
2,725,905 843,732 6,319,455 443,861 10,332,9532:rr?,8o3 214,337 2þr5,n1 '"536.638 6,778,469
2,844,203 57A,251 215,519 2,721þ89
259,675
259,675 270,389
732,261
2,777,803(665,861) 578,251
$ 2.111.942 $ 578,251
8,785
1,813
1 36,930
50,500
1 98,028
'114,093 216
90,152 140,611
5,000
33,010 124,028
439,490 260,378
681,745 525,233
6,528 1,211 135,590
122 296,403 529,101
- 1,000 6,000
703,300 - 1,658,378
- 6,846,713 6,913,113
4,537 2,299,048 3,053,953
714,493 9,444,375 12,296,135
228,493 1,817,510 3,370,257 33,870 26,414,970 31,865,100
228,493 1,817,510 3,370,257 33,870 26,414,970 31,865,100
426,521 2,499,255 3,895,490 748,363 35,859,345 44,161 ,235
214,337 2,416,288
1 j82 (121,120\
$ 21s,s19 $ 2,295,168
7,622,785 3,147 ,834(63,102) (4,880)
$ 7,559 683 $ 3j42.954
'1,231,995 - 17,411 ,O42(699,107) 7,677,3O5 6,702,668
__9______Þ!2,9!!_ _$___Z.oZZ.9!!_ _S-_24t-13-119_
o\À
CITY OF OSHKOSH
Oshkosh, Wisconsin
Combining Statement of Revenues, Expenses and Changes in Fund Net Assets
Nonmajor Other Proprietary Funds
Year Ended December 31, 2009
Grand Opera
House
Algoma/
Church
9-
5,000
5,000
64,035
42,O92
106,127
(1o1j2n
66,621
66,621
(34,s06)(8,s8s)
Oshkosh
Deltox Parking Redevelopment
Complex Utility Project
- $ 75,903
- 121,327- 23.494
220,724
8,985
lndustrial
Park Total
$-$-$-$-$7s,so3s,633 32,406 5s1,859 - 711,225
3,412 s9,050 90,956
9,045 32,406 551,859 59,050 878,084
824,773 1,351 ,483
Golf
Course
Other
TIF
Distr¡cts
Operating Revenues
Fines, forfeitures and penalties
Public charges fo¡ services
Other revenues
Total Operating Revenues
Operating Expenses
Operating and ma¡ntenance
Depreciation and amortization
Total Operating Expenses
Operating lncome (Loss)
Nonoperating Revenues (Expenses)
Taxes
lntergovemmental revenues
lnterest on investments
Debt discount amortization
Gain (loss) on disposal of capital assets
lnterest expense
Total Nonoperating Revenues (Expenses)
lncome (loss) before transfers and
contributed capital
Transfers in
Contributed capital
Change in Net Assets
Net Assets (Deficit) - January 1
Net Assets (Deficit) - December 31
186.048 1,0s8,326 19.210 532,490 231,136 2,100,23034,672 116,242
220,720 1,174,568 19,210 558,037 231 ,136 2,318,783
4 (1,16s,s23) 13,1s6 (6,178) (172,086) (1,440,6ss)
-_ 1,123,133 6,256,870 7,446,624
182 r r,gos 60
- 183'680 t',å,ïïi,
- (16'364) uoits rrr,aoo - N21?!'(12,802) (122,552) (1ss,511) (4s,3s6) (1 ,566,864 (1,s1 I ,128)(12,620) 9s6,182 (19,036) 62,404 4,873,683 5,967 ,234
(12,615) (169,341) (s,840) 56,226 4,701,597 4,526,535
646,551 - 646,ss1
(34,s06)
2.146.448 578,251
(8,s8s)
224,504
s26,710
5't4,094
1,781,O74
(s,840)
3.148.794
702,777
(r 69,88s)
655,432
6,904,251
$ 7,ss9,683
4,701,597 6,524,569
2,975.708 17.589.14'l
$ 2,111,942 $ s78,251 $ 215,519 $ 2,29s,168 $ 3,'142,954 $ s32,8E8 S 7,677,305 $ 24,113,710
o\
CITY OF OSHKOSH
Oshkosh, Wisconsin
Combining Statement of Cash Flows
Nonmajor Other Proprietary Funds
Year Ended December 31, 2009
Grand Opera
House
Algoma/
Church
$ 5,000
548,925
553,92s
56,62'1
66,621
(620,546)
(620,s46)
- 578,2s1
$ - $ 578,251
Oshkosh
Deltox Parking Redevelopment
Complex Lltil¡ty Project
lndustrial
Park
Golf
Course
Other
TIF
Districts
Total
Nonmajor
Proprietary
Funds
Cash Flovrs from Operating Activitíes
Cash received from customers
Cash payments to suppliers and employees
Net Cash Provided (Used) by Operating
Activities
Cash Flows from Non-Capital Financing Activities
Property taxes received
Transfer from other funds
Operating grants rece¡ved
Net Cash Provided by Non-Capital Financing
Activities
Cash Flows from Capital and Related Financing
Activities
Acquisition of capital assets
Principal payments on long-term debt
lnterest payments on long-term debt
Proceeds from long-term debt
Proceeds from sale of assets
Capltal contributions
Net Cash Provided (Used) by Capital and Related
Financing Activities
Cash Flor¡ls from lnvesting Activities
Proceeds from note receivable
lnvest¡nent income ¡eceived
Net Cash Provided by lnvesting Activities
Net lncrease (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents - January 1
Cash and Cash Equivalents - December 31
Reconciliation of Operating lncome (Loss) to Net
Cash Provided by Operating Activities:
Operating income (oss)
Adjustments to reconcile operating income to
net cash provided (used) by operating activities:
Depreciation
Changes in assets and liabilities
Accounts receivable
Due from other funds
Accounts payable and acctued expenses
Due to other funds
Net Cash Provided (Used) by Operating Activities
$-$232,576$100,344$32,706$544,966$78,119$993,711(s,70s) (241 ,608) (1 ,sos,4ss) 1 1 ,s31 (163,086) (241 ,34s) (1 ,600,787)
(9,705) (9,032) (r,40s,1s1) 44,237 381 ,880 (163,230) (607,076)
1,123,133
(444,835)
(310,000)
(32,4o1)
100,000
a24,773
(1,222,438)
(2ss,730)
(7s,261)
1,222,463
239,415
1,123,133
646,551
646,551
(13,4s0)
(1,O74,299)
(s2,442)
111,800
6,256,870
183,680
6,440,550
(1,2s7,781)
(2,r 97,695)
(r ,s17,885)
932,933
7,446,624
646,551
183,680
8,276,855
(3,sss,090)
(3,888,613)
(1 ,6s0,r 85)
2,255,396
351,215
824,773
(s0,88s)
(12,r s6)
182
182
(s,70s) (71,s35)
10,887 97,255
-5- fi¡r -{-Eø
(63,08s) 137,s37
47,314
$- $ 800
(4,O4o,428) (s,706,s04)
- 47,254
- 12,207
59.461
2236,892 2,022,736
12,153,A29 13,316,685
$ 14,390,721 $ 15,339,421
11,965
11,965
(132,516)
475,663
$ 343.147
$ (101,124
42,O92
612,960
$ 553,s25
(720)
3,151 91 ,299 300
8,701(14,7ss) (480,17s) s(40,801) 33,010 30,736
$ (s,032) $ (1,40s,1s1) $ 44.237
(8,s85) $4 $ (1 ,r 65,523) $ r 3,196
34,672 116,242
(6,178)
25,547
$ (r 72,086) $ (1 ,440,69s)
218,553
(6,892) (6,801 ,644) (6,7r 3,786)
8,701
2,396 (10,213) 109,490
367,007 - 389,952
o\o\
$ - $ (s,705)__$__!91,9!9_$(163,230) $(607,076)
CITY OF OSHKOSH
Oshkosh, Wisconsin
Combining Statement of Net Assets
lnternal Service Funds
December 31, 2009
Hospital Police Fire Workman's
lnsurance Pension Pension Compensation Total
ASSETS
Current Assets
Cash and investments $ 3,482 115 $ 778,099 $ 293,619 $ 465,422 $ 5,019,255
Receivables
Taxes
Accounts
TOTAL ASSETS
LIABILITIES
Current Liabilities
Accrued expenses
Deferred revenues
3,482,115 781,018 293,619 499,337 5,056,089
_ 22,400 22A00
TOTAL LIABILITIES 855,068 22,649 877,717
22,400 22,4002,919 - 11,s15 14,434
- 249 855,317855,068
NET ASSETS
Unrestricted 2,627 ,047 781,018 293,619 476,688 4,178,372
TorAL NEr ASSETS $ 2,627,047 L___Jirul_A_ _$ 2g!^ql.g_ $ 476,688 $ 4,178,372
67
CITY OF OSHKOSH
Oshkosh, Wisconsin
Combining Statement of Revenues, Expenses and Changes in Fund Net Assets
lnternal Service Funds
Year Ended December 31. 2009
Hospital
lnsurance
Police
Pension
Fire
Pension
Workman's
Compensation Total
Operating Revenues
Licenses and permits
Fines, forfeitures and penalties
lntergovernmental charges for services
Other revenues
Total Operating Revenues
Operating Expenses
Claims and administration
Total Operating Expenses
Operating lncome
Nonoperating Revenues
Taxes
Change in Net Assets
Net Assets - January 1
Net Assets - December 31
8,546,095 57,627 51,031
8,546,095 57,627 5'1,031
109,527 3,840 9,864
313,276 8,968,029
313,276 8,968,029
42,035 165,266
7,794,296
861,326
8,655,622
145
51 ,186
56,867
4,O28
42,669
312,642
$ 145
51 ,1 86
7,893,832
1,188,132
9,'l 33,29560,895 355,311
33,783
75,818
400,870
199,049
3,979,323
33,783
109,527
2,517,520
3,840
777,178
9,864
283,755
_þ__2,627,947_ _$___Zeru1q_ _$.____:gg.ql_g_ _q______lzg-qqg_9 4,178,372
68
CITY OF OSHKOSH
Oshkosh, Wisconsin
Statement of Cash Flows
lnternal Service Funds
Year Ended December 31. 2009
Hospital
lns urance
$ 8,697,14E I 62.s66(8As1p2n F7þ2n
206J21 4,939
Police Fire Workman's
Pension Pension Compensation Total
Cash Flows from Operating Activities
Cash received from customers
Cash payments to suppl¡ers and employees
Net Cash Provided (Used) by Operating
Activities
Cash Flows from Non-Capital Financing Activities
Property taxes received
Net Cash Provided by Non-Capital Financing
Activities
Net lncrease in Cash and Cash Equivalents
Cash and Cash Equivalents - January 1
Cash and Cash Equivalents - December 31
Reconciliation of Operating lncome to Net
Cash Provided (Used) by Operating Activities:
Operating income
Adjustments to reconcile operating income to
net cash prov¡ded (used) by operating activities:
Changes in assets and liabilities
Accounts receivable
Accounts payable and accrued expenses
Net Cash Provided (Used) by Operating Activities
206,121 4,939
3,275,994 773,'t60
_$__9J!2J15_ _$____lzgp99_
$ 60,89s $ 3s4,259 $ 9,174,868
(s1 ,031) (313,1se) (8,s12,E44)
9,864 41,100 262p24
33,783 3s,783
33,783 33,783
9,864 74,883 295,807
283,755 390,539 4,723,448
_$___293Éj_9_ _S____465.422_ _$__LE!!¿Þ5_
$ 109,s27 I 3,840
41,526 1,099
55,068
_$___299J21_ _$_____1939_
9,864 $ 42,03s
- (1,052)- 117
_$______9,993_ _$_4J_q9_
165,266
69
CITY OF OSHKOSH
Oshkosh, Wisconsin
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2009
Committee
on
Aging
$ 55,019
367,700
10,778
Business
lmprovement
District
$ 89,266
2,500
Street
Lighting
$ 386,308
I ,150,1 00
Community
Development
Block Grant
Other
Special
Revenue
$ 997,026
72,800
188,357
_$_125sJ_s9_
Total
Nonmajor
Special Revenue
Funds
5 2,211,524
6,006,800
1,398,478
81,000
402,205
3,207,869
$ 13.307.876
Library
$-
2,492,500
244,278
Museum
$ 653,655
883,100
9,760
Cemetery
$ 30,2s0
210,300
4,408
Health
Fund
ASSETS
Cash and investments
Receivables
Taxes
Accounb
Due from other funds
Due from other govemments
Notes receivable
TOTAL ASSETS
LIABILITIES AND FUND BAIINCES
Liabilities
Accounts payablê
Deferred revenues
Deposits
Due to other funds
Due to other govemments
Total Liabilites
Fund Balances
Unreseryed
Undesignated, reported in
Special revenue funds
Total Fund Balances
TOTAL LIABILITIES AND
FUND BALANCES
-$ 41il9L -$-91J€0- -$1115.077- -$LÉtuqg- 3436J1þ- -$Lã4q.515- -$-244p59- -S--434,w-
352,1 00
920
81 ,000
$ 10,927 $ 12,332 $ 18,ssl $ 86,8s9 $ SS,lrs $ 7,s6s $ 4,271 $ 1,s72 $ 22,153 $ 22,s20 $ 274pO5367,700 - 478,200 1,150,100 2492,500 883,100 21o,3oo 352,100 - 142,801 6,076,801_ 10,000 10,000250 - 133,070 - 27,413 86,9S7 380,052 _ 627 ,772
378,877 12,332 629,861 1,236,9ss 2,608,02t 890.66s 214frT ---Z¡õ.65t 3þ10p74 17s,321 ---- 1W
?1,920 79,434 - 78s,816 299,449 128,750 655,8s0 30,387 (6,639) 1þ82,862 3,110,52954,620 79,434 - 785,816 299,449 128,750 555,850 30,387 (6,æ9)
s 433/s7 $ s1,766 31A1Wl_ _$L539Æ9_ efi6Jl3_ $1 ,s46,sls $ 244.s58 S 434,o2o $ 3.610,074 $ 1.2s8,183 $ 13.307,876
-¡
CITY OF OSHKOSH
Oshkosh, Wisconsin
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
Year Ended December 31, 2009
Committee
on
Aging
$ 372,477
53.770
Business
lmprovement
District Recycling
$ 152,9s0 $ 937,9s1
- 360,711
Skeet
Lighting Library
$1,247,778 $ 2,420,906_ 40,014
Community
Health Development
Fund Block Grant
Total
Other Nonmajor
Special Special Revenue
Revenue FundsMuseum Cemetery
$ 822,237 $ 210,054
812,7s4
Revenues
Taxes
lntergovernmental
Licenses and permits
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Public safety
Public works
Health and welfare
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess of Revenues Over (Under)
Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Transfer in
Transfer out
Total Other Financing Sources
(Uses)
Net Change in Fund Ealances
Fund Balances - January 'l
Fund Balances - December 3l
112,148 5,540
538,395 158,490
1 ,021,986
2,320,648 1,247.778
742,403 86,384
19,046 172,296
3,262,369 1 ,080,917
123,349
34,316 467,225
367,719 841 ,6s1
156,106
968,860
$ 374,426 $$ 40,033 $
328,310
94,155
464,610
255,134
6,578,812
1,595,559
94, 1 55
1,612,852
2,087,691
11,969,069
502,997
250
503,247
2,247,914
648,619
2,896,533
1.127,427
3,496,909
972
3,497,881
1,064,455
4,874
1,069,329
426,737
1,911
42E,64E
847,O52
446
847,49E
736,O25
232,835
96E,E60
11A2242
122362
214,576
518,677
183,530
151,695
1,190,840
122,362
3,375,341
1,061 ,628
5,506,778
1,555,796
1,041,602
12,663,507
tsz,z¿¿
133,244 1,127,427
3s,t48 25,246 (575,685) 120,351 (235,512) 11,5E8 (60,929) (5,84n
59,000
120,351
179,098
$ 299,44s
59,000
(176,s12)
305,262
$ 12E,7s0
11,588
644,262
$ 655,E50
(60,s29)F,84n
s1 ,316 (7s2)
$ 30,3e7 $ (6,63s)
(87,s80)(714,42O)
- 1J70¡42 3,824,949
_9______________- -$lq9¿99?- -i--3.¡-qÉ?9-
-ì
CITY OF OSHKOSH
Oshkosh, Wisconsin
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2009
Other
Public Public Works
Park
lmprovement
Total
Museum Nonmajor
ASSETS
Works Funds Equipment Acquisition Center Proiect Proiect Funds
Cashandinvestments $ 207,933 $ 136,844 $ - $ 461,682 $ 168,6S8 $ 10,j22 $ 985,269
Receirables
Special assessment
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable
Defered revenues
Deposits
- 7,106,498 4,802,042
- 3,649,693
- 3,552,858
312 2,475,663
and Senior Phoenix Capital
iu. _ _ 2113']21,
_$ ?98,245_ _$_13¿¡,869_ $ 4,802,042 $ 462,445 $ 168,688 $ 10,122 $ 18,e23,405
$ 29,866 $ 2,634,509 $ 41,848 $ 7,2e7 $ - $ - $ 2]13þ20
- 3,649,6933,500 1,170,312 - 1,173,812
Due to other funds 208,511 7,669,597 - - 7,878,108TotatLiabitites @ @,lll 41,848 7,2s7
Fund Balances
Reserved for
Construction of assets
Unreserved
Undesignated, reported in
- 4,760,194 455,148 168,688 10,122 5,394,152
Capital projects funds (33,632) (1,852,248\
Total Fund Balances (33,632) (1,852,248\ 4,760j94 455,148 168,688 10,122 3,508,272
TOTAL LIABILITIES AND
FUNDBALANCES $ 208,245 $13,271,863 $4,802,042 $ 462,445 $ 168,688 $ 10.122 $ 18.923,405
-tN)
CITY OF OSHKOSH
Oshkosh, Wisconsin
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Capital Project Funds
Year Ended December 31, 2009
$-
287,736
29,800
317,536
$ 1]62221 $-$
(142,242)
$-
125,600
125,600
Total
Nonmajor
CapitalProject
Funds
$ 1,164,351
145,494
311,856
1,621,701
2,063,236
7,33'1,035
Public
Works
Other
Public Works
Funds
Park
lmprovement Museum
and Senior Phoenix
Equipment Acquisition Center Project
Revenues
Special assessments
lntergovernmental
Miscellaneous
Total Revenues
Expenditures
Current
Community development
Capital outlay
Total Expenditures
Excess of Revenues Over (Under)
Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Transfer in
Transfer out
Total Other Financing Sources
(Uses)
Net Changes in Fund Balances
Fund Balances - January 1
Fund Balances - December 3'1
2,130
1,162,221 (142,242)
1,341,924 149,037 431,122 129,540
3,621,000 1,938,882 1,754,821 16,332
4,962,924 2,087,919 2,185,943 145,872
(e25,6s8) (2,328,18s) 12,714 125,600
1 1 ,613
2,7s1,4s7
(1 ,893,931)
1,860,299
$ (33,632)
3,875,500
40,000
6,528,500
253,457
(336,431)
-
6,445,526
'l2s,6oo (1 1,613) (1,327 ,044)
43,088 21,735 4,835,316
_$ 16!,q.q9_ _9__10.122 _9__#9þ,272
{(¿J
STATISTICAL SECTION
crrY oF osHKosH, \ryrscoNsrN
SUMMARY OF CASH & INVESTMENTS
As of December 31, 2009
Exhibit A-1
(1 OF 2)
OPERATING FUNDS
General Fund
Treasurer's Working Fund
Other Petty Cash Funds
TRUST FUNDS
Police Pension
Firemen's Pension
Arps Trust
Behncke Library Trust
Behncke Museum Trust
William E. Bray Museum Trust
Cemetery Perpetual Care
Leander Choate
Clute
Amy Davies Library Fund
Durow Trust
Fisk-Gallup
Gould
Gruenwald Trust
Gruetzmacher Library Trust
Abbey Harris Library
Heyman
Hicks
Hilton lll
Hilton Library & Museum
Hilton Special Library
Hoxtel Library Trust
Huhn Animal Shelter Trust
Hume
James Trust
John Kelsh Library Memorial Fund
Genevieve Kenny Library Trust
Kitz Museum Memorial Trust
Kitz Directors Trust
Marie Lehnigk Library Fund
Malnar Children's Program Trust
Maxwell-Crawford
Museum Endowment
John V. Nichols Digital Library Trust
Pine
Pittel
Public Library Memorial Fund
Rasmussen Library Fund
Roberts
Rojahn, Elizabeth
Rojahn, Frank Mace
Rojahn, Frank and Anna
Rotary
Ryan
Sarau
Stanhilber - Library & Parks
Stanhilber - Parks Only
M. Zellmer Library Fund
S. Zellmer Library Fund
40,146,428.32
3,000.00
5,385.00
17,972.19
28,221.76
617.22
4,560.59
8,377.25
40.28
1,138.28
370.48
58.03
471.28
788.14
7,453.11
155.26
82.09
194.84
58.23
108.04
615.37
290.92
0.00
398.72
220.85
0.00
29.45
25.31
178.65
27.68
3,021.35
8,612.12
29.11
426.50
121.47
3,958.58
171.07
158.44
52.27
86,576.70
473.12
26.61
482.57
1 10.68
125.39
337.1 I
809.99
14.82
119,703.28
10.68
458.63
1,312.22
16,170,002.67
0.00
0.00
760,127.19
265,397.11
53,449.50
203,500.00
135,426.65
11,538.46
539,778.94
24,913.79
580.00
90,000.00
5,087.00
0.00
3,500.00
2,500.00
8,500.00
86,794.25
33,200.00
1 81 ,154.50
36,000.00
7,147.96
13,650.00
8,500.00
4,400.00
1,200.00
5,500.00
2,500.00
9,500.00
26,178.39
240,676.00
7,000.00
10,000.00
7,950.00
126,314.37
54,000.00
5,000.00
290.00
318,500.00
29,296.32
2,500.00
81,007.00
83,007.00
5,000.00
2,500.00
94,000.00
5,000.00
586,130.07
2,100.00
65,520.25
65,950.00
74
Exhibit A-1
Cable TV Franchise - Escrow
Flexible Benefits
Museum Membership Fund
Water Utility - Operating
Water Utility - Depreciation
Water Utility - Spec Redemption
Water Utility - Bond/Note
Sewerage Util¡ty - Operating
Sewerage Utility - Replacement Fund
Sewerage Utility - Debt Service
Storm Water - Operating
Storm Water - Bond/Note
Storm Water - Debt Service
Centre Utility Spec Redemption
Parking Utili$ Commission
0.00
59,330.20
0.00
8,778,770.59
0.00
0.00
1,904,124.21
3,847,635.95
2,684,944.11
0.00
8,425,709.83
5,248,317.80
0.00
(2OF 2)
10,000.00
0.00
1 19,061.51
0.00
134,496.33
1,196,880.06
0.00
0.00
0.00
1,839,464.91
0.00
0.00
373,577.21
0.00
0.00
343,146.55
319.52
71.771,558.89
75
City of Oshkosh, Wisconsin
Net Assets by Component
Last Five Years
(accrual bas is of accounting)
Exhibit A-2
200'l20082009 2006 2005
Govemmental Activities
Invested in Capital Assets, Net of Related Debt
Restricted
Unrestricted
Total Governmental Activities Net Assets
Business-Type Activities
Invested in Capital Assets, Net of Related Debt
Umestricted
Total Business-Type Activities Net Assets
Primary govemment
Invested in Capital Assets, Net of Related Debt
Restricted
Unrestricted
Total Primary Goyernment Net Assets
$ 59,238,509 $ 4s,6s8,953 S 46,097,367
7,814,545 t5,366,502 74,982,030
1,435,588 716,389 (67,s77)
62,488,642 61,741,844 61,011,826
106,592,s73 99,063,739 93,805,213
16,689,275 14,053,313 9,079,028
723,287,848 113,117,052 102,884,241
165,831,082 144,722,692 139,902,580
1,814,545 t5,366,5A2 ß,982,030
18,124,863 14,769,702 9,011,457
$ 185,770,490 $ 174,858,896 $ 163,896,067
$ 58,296,609
4,625,915
755,346
63,677,870
I 10,806,457
25,715,028
136j21,485
169,103,066
4,625,915
26,470,374
$ 200,199,355
s 37,457,942
14,374,421
(t,t'77,920)
50,654,443
74,729,006
20,292,999
95,022,005
1t2,186,948
14,374,421
19,1 15,079
s t45,676,448
76
City of Oshkosh, Wisconsin
Changes in Net Assets
Last Five Years
(ac crual basis of acc ounting)
Exhibit A-3
Program Revenues
Govemmental Activities :
Charges for Services:
General Govemment
Public Safety
Public Works
Health and welfare
Pa¡ks and recreation
Transportation
Community development
Operating grants and contributions
Unclassified
Interebt on debt
Total Governmental Activitie s Program Revenues
Business-Type Activities :
Charges for Services:
Transit utility
Water utility
Sewer utilþ
Operating $ants and contributions
Capitat gants and contributions
Other
Total Business-Type Activities Program Revenues
Total Ptimary Government Program Revenues
Expenses
Govemmental Activities :
General Govemment
Public Safety
Public Works
Health and welfare
Parks and recreation
Transportation
Community development
Unclassified
Inte¡est on debt
Total Governmental Activities Erpenses
Business-Type Activities :
Transit utility
Water utility
Sewer utility
Other
Total Business-Type Activities Expenses
Total Primary Government Expenses
151,05 8
4,024,666
3,519,023
210,053
2,448,72s
0
2,924,048
4,997,981
0
0
t94,337
3,948,596
3,426,072
240,549
7,357,307
0
2,869,826
6,089,486
0
0
73,298
3,886,660
3,r19,360
1 8s,436
7,344,437
0
3,9t9,t32
4,710,329
0
0
70,863 $ '17,703
3,924,570 3,698,540
4,20'ì,734 3,581,577
206,410 114,797
1,s09,167 1,138,021
00
4,401,900 4,463,t39
13,167,579 5,456,071
0
0
0
0
1 8.275.560 t8.126.t73 17.238.646 27 .488.223 18,529.848
781,952 685,1 I ó 602,759
u,550,034 11,740,668 11,085,840
s73,399 s293t8
10,365,395 10,204,874
7,76t,982 7,839,060
3,539,278 3,396,000
3,999,620 2,793,123
3.857.403 2.7 s2.896
8,996,742 9,353,24r
4,010,723 3,870,423
4,555,380 2,318,353
8,4 I 8,753
3,682,269
2,301,284
4.840.3s3 3.847.983 3.986.861
34.735.184 31.815.784 30.077.766 30.097.017 26.9t5.271
53.010.744 49.941.957 4'7.3t6.412 57.585.240 45.445.119
6,285,771 6,t70,557 6,218,94s
23,333,t22 22,1s9,371 22,066,233
t5,843,295 13,906,804 t3,897,933
1,065,069 t,049.528 9r5,465
8,181,034 7 ,547,260 8,362,968
661,9s3 629,293 623,317
5,576,499 5,588,413 4,17s,s38
388,794 675,718 476.416
2.319.986 2.974.777 3.005.211
5,893,337 5,524,239
21,557,204 20,585,030
13,637,723 73,585,298
898,430 824,797
7,763,946 5,869,280
s89,277 615,915
5,373,570 5,541,333
39s,766 496,t98
3.335.421 2.824.t67
63.594.923 60.707:721 59.682.020 59.444.668 55.865.651
4,788,39s
10,475,252
8,460,051
6.612.010
4,852.t57
l 0,6s8,416
8,426,591
6.0r6.602
4,654,186
9,759,651
7,854,061
5.429.505
4,577,297 4,4t2,329
9,401,30f 9,22'7,767
7,860,91s 8,057,7t9
5.674.537 4.910.808
30.335.708 29.953.766 27.697.403 27.454.052 26.608.623
$ 93,930,631 $ 90,655,487 $ 87,379,423 $ 86,898,720 $ 82,474,274
(continued)
77
City of Oshkosh, Wisconsin
Changes in Net Assets (continued)
Last Five Years
(ac crual bas i s of ac c ounting)
Exhibit A-3
Net (Expense)/Revenue
Governmental Activities
Business-Type Activities
Total Primary Government Net Expetue
General Revenues and Other Changes in Net Assets
Govemmental Activities :
Taxes:
Property and Other Local Taxes Levied For:
General Purposes
Other Purposes
Debt Service
Investment Earnings
Gain (Loss) on Sale of Capital Assets
Miscellaneous
T¡ansfers
Total G ov e r nme ntal Ac tiv itie s
Business-Type Activities :
General Purposes property taxes levied for
Investment Eamings
Gain (Loss) on Sale ofcapital Assets
Miscellaneous
Transfers
Total Busine s s -Type Ac tiv i tie s
Total P r imary Goy e rflment
Change in Net Ässets
Govemmental Activities
Business-Type Activities
Total Primary Government Change in Net Assets
2009 2008 2005
$ (4s,319,363) $ (42,s7s,s48) S (42,443,374) $ (31,956,44s) $ (37,335,803)
4,399,476 1,862,018 2,380,363 2.642.965 306.648
$ 12,018,2s3 $
13,809,528
16,440,764
743,305
t9,333
955,629
(729,52s)
11,128,038 $
73,975,582
75,793,524
t,785,206
0
964,403
(324.407)
10,330,1 10 $
13,924,2s1
15,705,026
2,582,645
49,723
581,637
0
9,697,647 $
13,809, i91
I 5,055,768
2,624,221
157,395
969,607
U
9,362,882
13,636,562
t4,7t8,268
r,124,t03
(488,406)
861,578
0
$ 43,2s7,287 S 43,322,346 S 43,173,392 $ 42.3t3.829 $ 39.214.987
7,554,946
294,475
252,2t5
0
729,525
6,'t94,421
91 1,358
272,592
0
324,407
5,912,t75
t,6t9,447
320,826
0
0
5,293,820
1,531,912
(1,606,461)
0
0
5,261,237
7,028,802
(12,95s,s7r)
0
0
8,831,161 8,302,778 7,852,448 s,219,271 (6.66s.s32')
$ s2,088,448 $ sl,625,124 $ s1,025,840 $ 47.533.100 g 32.s49.45s
(2,062,076)746,798 730,018 t0,357,384 t,879,784
13,230,637 10,164,796 10,232,8tt 7,862,236 (6,358,884)
18
City of Oshkosh, Wisconsin
Changes in Fund Balances, Governmental Funds
Last Ten Years
(modiJied accrual basis of accountinþ
Exhibit A4
ASSETS
Cash a¡rd investments
Receivables
Taxes
Special assessment
Accounts
Due from other funds
Due from olher govemments
Inventories and prepaid items
Notes receivable
Total Assets
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable
Accrued payroll liabilities
Due 1o other funds
DDe to other govemments
Deferred revenues
Deposits
Total Liabilities
Fund Balances
Reserved for
Inventories and prepaid items
Retirernent of long-term debt
Construction ofassets
Trust agreements
Unresewed - designated
Undesigrrated, reported in
General fund
Special revenue funds
Capital project frrnds
Total Fund Balances
TOTAL LIABILITIES AND FUND BAIANCES
General
Debt Seruice
Other Govemmental Funds
$ 9,295,235 S
27,944,646
3,552,858
6,614,569
t7,951,282
402,205
15,934
16,724,z'It $
4J,i25
3,001,690
3,1 6 I,003
9,350,690
346,941
15,117
24,205,s81 s
34,1 83
4,143,515
2,964,475
1 0,5 I 5,858
277,590
12,146
24,348,971 $
34,207
3,215,502
2,923,964
24,859
1 1,860
19,969,678
24,348
3,722,991
3,080,064
22,649
1 1,3 14
8,242,107 12,115,772
$ 11,280,988 $ 13,702,600
210,980 224,726
2,630,633 4,024,964
3,1 13,504 2,005,605
'1,648,980 4,84s,943
75,780 355,574
I 1,800 8,639
2,243,s23 2,318,6853.20'.1.869 3,210,125 3,036,233 2,915,512 2,361,276
s68.984_598 S 35.853.162 $ 45.189.581 5 4t.716,982 $ 41,308,092 I 27,216,188 527.48çJ]6 s - $ - $
5,359,211 3,728.771 5,042,990 3,400,458
1,005,030 838,276 848,087 816,120 452,856
1,858,130 4,614,485 1,777,256 3,381,632 1,939,765 1,700,668
2,361,276 2,243,523 2,318,685
4,008,695 3,047,030 4,353,068
3,207,869 3,210,125 3,036,233 2,91s,s12
31,648,232 3.177,348 4,554,472 3,s38,472
000
3,872,628
1,696448
8,505,880
15,934
1,146,983
5,394,152
3,478,932
532,461
7,074,708
3,110,529
7,716,490
I,380,300
3,19t,288
15,1 17 175,800
1,814,545 15,366,502
4,989,533 2,502,562
30,171
6,919,987
2,591,008
175,800 175,800 175,800 175,800
14,982,030 14.374,421 726,1s5 7s8,499
2,500,545 4,307,2s2 3,746,057 3,688,771
4,905,892 6,656,451 7,711,6'75
t,71t,929 1,963,249 1,963,249
7,116,709 6,148,721
2,366,211 2,054,178
15,278,012 9,627,593 10,508,661 8,845,649 7,14'1,113 8,962,160 9,901,445
17,936,083 7,814,545 15,366,502 14,982,030 14,374,421 804,019 836,363
-$-$
-l\c)
City of Oshkosh, Wisconsin
Changes in Fund Balances, Governmental Funds
Last Five Fiscal Years
(accrual b as is of accounting)
Exhibit A-5
200'720082009 2006 2005
Revenues
Taxes
Special assessments
Intergovernmental
Licenses and permits
Fines and forfeits
Public charges for services
Intergovemmental charges for services
Miscellaneous
Total Revenues
Expenditures
Current
General government
Public safety
Public works
Health and welfare
Pa¡ks and recreation
Transportation
Community development
Unclassified
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
Excess ofRevenues Over (Under)
Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Refunding debt issued
Payment to refunding escrow agent
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Excess ofRevenues and Other
Financing Sources Over (Under)
Expenditures and Other Financing Uses
Fund Balances - January I
Fund Balances - December 31
$ 28,383,879 S 26,838,'787 $
1,164,351 1,817,474
78,791,932 18,869,185
1,454,274 t,612,615
818,009 7s9,287
4,464,959 5,035,679
3,361,466 2,440,s03
3.738.388 4.333.069
25,911,221 S 24,660,520 $ 24,011,983
1,694,690 2,042,869 2,099,207
18,690,654 19,649,714 t9,839,ss7
1,709,402 1,589,996 t,419,419
85 1,683 865,368 843,888
4,578,523 5,422,822 4,476,599
2,545,173 2,718,626 2,754,8t2
4.313.507 12.714.809 2.745.313
62,177,258 61,700,599 60,294,8s3 69,664,124 58,130,778
5,864,013
22,551,705
10,775,806
1,061,628
7,579,261
66 1,953
5,276,199
388,794
2,319,996
8.372.63',1
5,849,s37
22,088,797
9,618,947
1,047,247
7,r93,r98
629,293
5,458,971
675,718
5,854,440
2t,102,472
8,712,988
915,465
7,28't,802
623,31t
4,0't0,772
476,416
5,524,037
20,896,004
8,961,586
898,430
7,274,008
589,271
5,254,435
395,'t66
5,482,933
20,s60,573
8,s26,',t59
823,693
6,747,328
615,915
5,t94,478
496,198
2,045,348
2,836,291
6.683.580
s,237,862 18,861,940 s,4',70,61'7 s,057,639
2,95s,006 2,991,930 3,376,240
4.464.t79 6.469.538 19.359.022
70,089,854 78,842,833 63,9rs,7sr 7',7,586,438 60,013,096
(7s12j9û 17.142.234)(3.620.898) (7.922.314\ ( 1.882.318)
6,587,500 7,154,145 5,200,772 16,041,596 14,683,469
(7,163,s18) 0
9,362,539 8,688,735 8,564,967 8,056,339 10,438,726
(10.092.064) (9.013.142\ (8.564.967\ (8.056.339) (10.438.'126)
5.857.975 6.829.738 5.200.172 8.278.078 14.683.469
(2,054,62r) (10,312,496)
20,922,440 27,752,581
355,764 12,801,151
25.877,543 13.016.392
t,579,274
26,173,30',r
s 18,867,819 $ 17,440,085 $ 27:7s2,58t S 26,173,307 $ 25.817.543
80
Exhibit A-6
Cþ of Oshkosh, Wisconsin
Program Revenues by FunctionÆrogram
Last Five Years
2009
RE\'ENUES
Taxes & Special Assess.
Licenses & Permits
Fines & Costs
Shared Taxes - State and
Federal Aids
Use of Property and Money
Charges for Current Sew.
úrterdepartmental Rev.
Unclassified
SUMMARY.SHARED TAXES-
STATE & FEDERAL AIDS
Shared State Aids
Highway Aids
Elections
Muni. Sew.-State Prop.
County Ambulance Aid
ParksÆorestry Aids
Tax Disparity Aids
Cable TV
State Computer Credit
Fire
Police Training Aids
28,131,966 $
1,047,967
'740,958
I 7,050,881
655,49s
4,584,998
I 1,713,398
219,032
26,902,068 $
7,216,972
672,789
17,2s4,764
980,93 I
3,542,358
10,548,757
507,414
2s,939,72s $
1,322,42t
733,249
16,959,446
1,173,004
4,049,304
10,091,460
707,660
24,618,227 $
1,214,293
784,376
17,276,831
950,556
3,776,708
10,026,313
137,898
24,601,129
1,032,128
750,57t
16,586,851
514,972
4,159,797
9,417,682
I 10,000
64,144,695 $6t,626,053 $60,376,269 $58,785,202 $57,r'73,t30
r1,085,640 $
3,02',t,523
3,847
1,252,757
71,400
2,532
1,211,76s
6,762
141,788
s6,867
190,000
10,969,615 $
3,010,732
0
1,356,1 88
I 69,389
0
l,2t2,3tl
8,6s4
t79,659
161,558
I 86,658
11,073,727 $
2,843,t12
0
1,322,063
t74,934
5,398
1,088,157
6,332
l99,ts2
40,000
206,571
17,075,468 $
2,767,382
0
1,333,774
159,884
0
1,06'1,2s9
7,91.4
210,086
33,000
192,93'7
n,076,027
2,740,615
0
1,277,417
146,188
0
977,077
9,332
190,63s
0
169,560
17,050,881 $17,254,764 $ 16,9s9,446 $16,847,704 $1 6,586,85 1
8l
City of Oshkosh,'Wisconsin Exhibit A-7
HISTORICAL VALUATIONS AND TAX RECORDS
ASSESSED
TOTAL STATE VALUEASA
REAL PERSONAL ASSESSED EQUAIIZED PERCENTAGEOF
YEAR ESTATE PROPERTY VALUE,\VAIUAI'ION ErJUALT:LED VALUE
994 1,225,5t5,300 90,71 8,800 ,316,234,10C t.747.247.00C 75.33
995 1.766,049,300 I 6.065-600 .882.1 14.90C t,827,673,20C I 02.8
996 l,821,550,500 16,108,400 937,658,90C 1.910.807.00c 101.41
997 1.868,1 33.900 19,457,600 987,591,50C 2,044,982,80C 97.r9
998 1,922,771,400 23,676,200 2.046.447.600 2,155,070,90C 94.87
999 r,972,360.400 00.470.200 2.072.830.600 2,267,759,90C 91.44
2000 2,039,759,700 00.600.400 2.140.360.100 2,432.030.10(88.01
2001 2.095.966.400 07,132.500 2,203,098,90A 2,566,679,80C 85.84
2002 2,157,579,700 09.268.200 2.266.847.90A 2.749.469.50C 72.45
2003 2-221.822-400 08, I 50.1 00 2,329,972,500 2,924,336,70C 79.68
2004 2,260,487,900 07,771,900 2,368,259,80A 3,t41,s24,90(7s.39
2005 3.260.277.500 35,885.300 3,396,162,800 3,335,517,30(101.82
2006 3,334,485,900 49,401,700 3,483,887,60C 3.558.114.30(97.91
2007 3.441.866.900 29.642.300 3,571,509,200 3,722,810,20A 9s.94
2008 3,517,580,250 4l,325,000 3,658,905,2sC 3.849,076,000 94.99
2009 3.559,320.400 52.720,300 3,772,040,70C 3,801,817,900 97.53
TAX RATE S1OO
STATE
NET
TAX
STATE COTINTY COLINTY CITY CITY TAX
YEAR TAX TAX SCHOOL SCHOOL+GENERAL TOTAL CREDIT
994 0.027 0.659 0.000 2.276 0.995 3.9s7 0.2t3 3.744
99s 0.019 0.460 0.000 542 0.699 2.720 0.149 2.571
996 0.020 0.467 0.000 89 0.7s6 2.432 0.209 2.223
997 0.021 0.489 0.000 48 0.79s 2.453 0.1 95 2.258
998 0.021 0.521 0.000 72 0.81 1 2.525 0.177 2.348
999 0.022 0.542 0.000 73 0.819 2.556 0.164 2.392
2000 0.023 0.572 0.000 .211 0.896 2.702 0.1 54 2.548
2001 0.023 0.627 0.000 231 0.977 2.858 0.149 2.709
2002 0.024 0.662 0.000 .189 1.000 2.875 0.143 2.732
2003 0.025 0.667 0.000 t99 1.000 2.891 0.136 2.755
2004 0.026 0.715 0.000 .273 1.057 3.071 0.130 2.941
2005 0.018 0.521 0.000 0.879 0.761 2.179 0.088 2.091
2006 0.018 0.547 0.000 0.916 0.782 2.263 0 08 2.15s
2007 0.018 0.567 0.000 0.945 0.798 2.328 0. 20 2.208
2008 0.018 0.573 0.000 0.954 0.823 2.367 0 30 2.2379
2009 0.017 0.569 0.000 0.985 0.840 2.411 0. 26 2.2853
* City school tax rate includes vocational school rate. In 2009 vocational portion was .1 76.
82
City of Oshkosh, Wisconsin
RECOMMENDED FULL VALUE ASSES SMENTS
Residential Mercantile Other
Exhibit A-8
TotalYear
1 985
I 986
1 987
1 988
1 989
I 990
1 991
1992
1 993
1 994
I 995
1 996
1 997
1 998
1 999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
658,296,800
691,246,400
720,465,800
755,944,700
772,577,500
801,000,600
864,003,400
916,608,300
978,535,600
1,O73,119,800
1,140,699,100
1,191,779,200
1,271,383,300
1 ,336,019,700
1 ,410,931 ,800
1,519,317,600
1,588,750,300
1,705,634,900
1,799,507,200
1,929,467,500
2,046,379,000
2,149,400,100
2,217,566,200
2,235,321,100
2,269,535,600
254,139,000
266,936,200
276,034,600
285,004,100
291 ,1 99,1 00
319,665,600
340,686,000
382,824,400
417 ,121,300
424,109,800
428,294,700
459,385,800
500,274,400
547,994,300
585,207,400
627,013,900
676,820,500
729,344,900
799,262,800
887,957,700
953,894,600
1,058,327,500
1,152,257,000
1,237,130,600
1,146,062,600
Manufacturing
100,784,000
96,754,800
103,213,500
1 10,549,900
111,800,800
117,645,200
122,203,100
124,178,800
130,211,200
130,844,400
139,373,100
149,793,000
150,71 I ,500
147,334,200
158,695,200
171,813,700
177,677,300
184,670,400
192,434,700
187,322,000
198,994,500
197,893,800
216,171,100
227,147,500
226,006,700
0
0
0
0
0
0
2,271,000
205,600
921,700
569,700
728,400
682,700
774,900
1,207,700
720,900
725,700
1 ,013,219,800
1,054,937,400
1,099,713,900
1,151,498,700
1,175,577,400
1,238,311,400
1,326,892,500
1,423,61 1,500
1,525,868,100
1,628,074,000
1,708,366,900
1,800,958,000
1,922,369,200
2,031,348,200
2,157,105,400
2,318,350,800
2,444,169,800
2,620,219,900
2,791 ,933,100
3,005,429,900
3,200,043,000
3,406,829,100
3,586,715,200
3,700,324,900
0
0
0
0
0
0
0
0
Source: Winnebago County Statistical Report
810,100 3,642,415,000
83
Exhibit A-9
City of Oshkosh, Wisconsin
Principal Taxpayers
12/ 3 I I 1999 arÁ 12 I 3 I 12009
December 31,2009
Ta¡<payer
Real Property
Assessed Valuation (1)
s72,592,600
50,369,800
31,574,900
47,162,100
29,952,500
32,090,900
28,240,000
28,256,700
22,167,000
22,689,600
Percentage ofTotal
Assessed Valuation
Midwest Realty
Dumke & Assoc.
Curwood Inc
Tom Rusch etal
Oshkosh Truck
BFO Factory Shoppes
Peter Jungbacker etal
Health Care Reit
Bergstrom
Westowne Shoppes
Total Assessed Valuation
r.96%
t.36
0.85
t.27
0.78
0.86
0.76
0.76
0.60
0.61
0.00
$363,996,100
$3,772,040,700
9.81%
December 31 t999
Taxpayer
Curwood Inc. @emis) & Weldon Inc.
John Mark - Security Investments
Thomas N. Rusch, etal.
Oshkosh Truck Corp., Cadence Co.
Dennis Schwab, Landma¡k Ltd Partnership
First Horizon Group Ltd. Partnership
Pine Investments / Nicolet Investments
Mercy Medical Center of Oshkosh Inc
Experimental Aircraft Association
Firstar Bank Oshkosh
Real Properly
Assessed Valuation (1)
$35,655,800
29,734,500
22,150,200
13,327,700
13,513,000
13,067,000
10,209,900
9,122,500
3,521,400
7,199,900
Percentage ofTotal
Assessed Valuation
I.72Yo
1.43
t.07
0.64
0.65
0.63
0.49
0.44
0.t7
0.35
$157,491,100
Total Assessed Valuation $2,072,830,600
(1) Assessed valuation based on the valuation ofproperly for taxes collected in 2009 and 1999
respectively, and a review ofthe 10 largest taxpayers for the City.
Source: City of Oshkosh Assessor's Office
7.59%
84
Cify of Oshkosh, Wisconsin
Properfy Tax Levies And Collectioni
1999 - 2008
Exhibit A-10
Total
Tax
Levy
$ 89,123,760
86,1 19,686
81,158,972
76,396,79s
74,331,644
69,933,492
67,421,477
64,794,s58
59,629,006
54,706,079
Percent of
City Tax
Collections
Collections To Tax Levy
City
Tax
County
Settlement
for Delinquent
Tax
Collections
2,756,9s7
2,49t,982
2,466,249
2,058,798
1,820,386
1,787,879
1,795,5 r 8
1,438,894
1,629,005
t,305,296
Total
Tax
Collections
Percent ofTotal
Tax Collections
Prior to
Collections /
Adjustments
99.95 Yo
99.95
99.9s
99.77
99.94
99.69
99.66
99.87
99.99
99.92
Year
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
86,319,259
83,580,798
78,653,692
74,165,036
72,467,595
67,935,039
65,397,614
63,274,133
s7,994,s00
53,358,355
96.85 o/o
97.05
96.91
97.08
97.49
97.14
97.00
97.65
97.26
97.54
89,076,216
86,072,780
8 1, I 19,941
76,223,834
74,287,981
69,7t6,91.8
67,193,132
64,713,027
59,623,505
54,663,651
Sources: Winnebago County Treasurer and Cþ of Oshkosh Department of Finance.
85
STATEMENT OF IIIDEBTEDNESS
City of Oshkosh, Wisconsin
As of December 31,2009
GENERAL OBLIGATION DEBT OUTSTA¡IDING
AND LEGAL DEBT MARGIN
For City
General Pumoses
3,801,817,900
Exhibit A-11
For School
PurDoses
4,872,564,071
t0%
Equalized Value............
Legal Debt Margin*........
Bonds Outstanding...............
Legal Debt Margin..........
For City General Purposes.....
Total Direct Debt....-................
OVERLAPPING DEBT
Winnebago County..................
For School Purposes...............
Fox Valley Tech. College........
Total Debt.....
2009 Population - 64,350
Ratio of Debt to Equalized Value:
Ratio of Debt Per Capita:
Cu¡rent Investment Rating by Moody's, Aa2
Outstanding
$ 129,657,250
Per Cent of Debt
Applicable to
Municipality
100.00%
$
%
190,090,895
129,657,250
s 60,433,645
481,256,407
19,033,400
s 462,223,007
*Pursuant to Section 67.03, Wisconsin Statutes, the total indebtedness of the City for general
purposes may not exceed 5% ofthe value ofthe taxable properry located therein as equalized
for State pulposes. The total indebtedness ofthe City for school purposes maynot exceed l0%
ofthe value ofthe taxable property located therein, plus the value oftaxable properfy in the
territory attached to the City for school purposes only.
129,657,250
59,600,000
19,033,400
43,615,000
2s0,905,650
30.9%
73.3%
t0.7%
Municipalþ's
Share ofDebt
129,657,250
729,657,250
I 8,107,400
13,951,482
4,666,905
Direct Municipal Purposes only.....
Direct Municipal Purposes Only.....
$ 166,382,937
3.41%
2,014.88
86
STATEMENT OF INDEBTEDNESS
City of Oshkosh, Wisconsin
Schedule ofBonds and Notes for City Purposes, Issued,
Retired and Outstanding as of December 31,2009.
BONDS
Clean Wate¡ Fund - Improvements to sewer utility.
Note: Amount authorized up to 52,994,450.
Clean Water Fund - Improvements to sewer utility.
Note: Amount authorized up to $18,388,072
Water Revenue Bond - Safe Drinking Water
G O Corporate Purpose Refunding Bonds -
Clean Water Fund - Improvements to sewer utility.
Corporate Purpose Bond Issue - knprovements to streets,
storm sewers, sanitary sewers, water, parks and property
improvements
Wate¡ Revenue Bonds - Safe Dri¡king Water
Safe Drinking Water Bond
Corporate Purpose Bonds
Corporate Purpose Taxable Bonds
Corporate Purpose Bonds 03d Park Improvements,
Splash pad Fire Enging repl Transit buses, upgrade
Cable TV, storm, TIF 19, 18, 14, 13, 12.
Corporate Purpose Taxable Bonds
Corporate Purpose Ta¡<able Ref Bonds, TIF 1 5, TIF I I,
TIF 13, TIF 12, TIF 8, TIF 14
Corporate Purpose Refirnding Bonds, Gen and Parking
Water Rev Ref Bonds
Corporate Purpose Bonds 04d Sawyer St and bridge,
Wifzel and Church Ave, Park Imp, Swr, Wt¡, Storm,
Gen, TIF l9-NW Ind Pa¡k TIF l4-Mercy Medical
Cenüe Taxable Rev Ref Bonds
Rev Bond Clean Water Fund
Corporate Purpose G O Bonds 20054" playground,
Th¡ee basketball cou¡ts, TIF 19, lf 14, TIF 18, Wtr,
Swr, General
Storm Water Revenue Bonds 2005C
Co¡porate Purpose Refunding Bonds 2005D
Corporate Purpose Bonds 20064 streets, floating dock
along amphitheater, swr, gen, TIF20
Corporate Purpose GO Bonds 2006C,Tif20
G O Reflrnding Bonds 2006D, ¡ef 1998-C and 1998-D
Water Rev Ref Bonds
Corporate Purpose G O Bonds 20074 Streets, Swr,
Park Improvements, Water
Corporate Purpose G O Bonds 20084
Water Revenue Bonds, Safe Drhking, 2008
Co¡porate Puçose G O Bonds 20094
TOTALBONDS
Yea¡ of
Issue
Authorized Retired as of
andlssued 12-31-09
Exhibit A-12
Outstanding
12-3t-09
605,578
6,213,203
6,378,023
1,970,000
1,800,816
1,905,000
8,1 I 1,680
2,311,788
8,555,000
5,910,000
9,215,000
1,140,000
4,96s,000
580,000
460,000
5,335,000
325,000
2,702,996
6,245,000
4,1 10,000
14,590,000
8,245,000
1,790,000
4,95s,000
1 1,410,000
7,380,000
4,92s,000
6,844,06r
16,740,000
t993
1995
1998
1999
1999
1999
2000
2001
2002A
2002c
2003A
2003c
2003D
2003E
2003G
20041.
2004
2004
2005A
2005c
2005D
2006A
2006c
2006D
2006G
2007¡^
20084
2008
20094
2,881,402
t7,63t,4t0
rt,913,672
4,540,000
3,169,210
3,560,000
13,636,364
3,483,913
tI,225,000
7,580,000
I 1,67s,000
1,420,000
8,615,000
1,050,000
2,065,000
6,480,000
2,065,000
3,361,M\
7,395,000
4,820,000
18,335,000
9,265,000
1,99s,000
1 1,865,000
12,705,000
7,950,000
s,10s,000
6,844,061
16,740,000
2,275,824
lt,418,207
5,535,649
2,s70,000
1,368,394
1,655,000
5,524,684
1,172,125
2,670,000
1,670,000
2,460,000
280,000
3,650,000
470,000
1,605,000
I,145,000
1,740,000
658,445
1,150,000
710,000
3,745,000
1,020,000
205,000
ó,910,000
1,295,000
570,000
1 80,000
219371,473 63,653,328 155,718,145 87
STATEMENT OF INDEBTEDNESS
City of Oshkosh, Wisconsin
Schedule ofBonds and Notes for City Purposes, Issued,
Retired and Outstanding as of December 31,2009.
Exhibit A-12
Outstanding
t2-31-09
Year of
Issue
Authorized
and Issued
Retired as of
12-31-09
2,210,000
1,500,000
1,820,000
1,655,000
254,944
1,630,000
77,098
296,210
3,985,000
36,708
800,000
154,252
t2,882
12,082
1,029,999
27,808
I 15,059
64,900
735,000
640.000
NOTES
Promissory Notes - knprovements to Streets, Storm and
Storrn and Sanitary Sewers, Sidewalks, Traffic lights, Parks,
Fire house & site, Major equipment, TIF and Parking lots.
Promissory Notes - Improvements to Municipal Golf
Cowse.
Promissory Notes - Improvønents to Sidwalks, Traffic
lights, Major Equipment, and Property improvements
PromissoryNotes
Promissory Notes - TIF 18 SW Ind Comm of Pub Lancls
Promissory Notes
Promissory Notes 03 TIF 14 Mercy Comm of Pub Lands
Promissory Notes 03 TIF 13 Comm of Pub Lands
Promissory Refirnding Notes, Swr, Wtr, Gen, Transit,
TIF 8-S Aviation, TIF 7-SW Ind
Promissory Notes 03 TIF 13 Comm of Pub Lands,
Osh Cenl¡e Hotel and Covention Center
PromissoryNotes 04 G O, Gen, Wtr, Swr
Promissory Notes State Trust Fund, Riverside Park
Prorrissory Notes TIF 14 Comm of Pub Lands
Promissory Notes TIF 14 Comm of Pub Lands
PromissoryNotes 20058, Gen, Wtr, Swr, Storm
Promissory Notes 05 Expand Riverside Pa¡k
Promissory Notes 05 TIF 13 and TIF 17
Promissory Notes 05 TIF 8 and TIF 13
Promissory Notes 068, Gen, Water, Sewer, Storm, Trans
Promissory Notes 078, Gen, Water, Sewer, Storm,
Ohio/WI St Bridge, Swr interceptor HazeVNew Yo¡h
Sanitation automated collect, Wtr new meter reading.
PromissoryNotes 08B
Promissory Notes 2008, Board Comm, Tif 20, Ind Park
Promissory Notes 2008, Indushial Park
Promissory Notes 2008, Boa¡d Comm, Convention Center
Promissory Notes 20098
Promissory Notes 2009C
Promissory Notes 2009, TIF 20
TOTALNOTES
NET INDEBTEDNESS FOR CITY GE¡{ERÄL PURPOSES
2000 2,210,000
1,500,000
2, I 10,000
2,260,000
1,012,000
2,615,000
375,000
1,365,720
4,380,000
226,000
1,565,000
1,200,000
99,000
100,000
2,540,000
200,000
1,163,000
656,000
2,500,000
3,375,000
1,565,000
l,4l9,8ls
1,122,000
1,832,000
2,945,000
1,322,463
792,933
42,450,931
s 261,822,404
290,000
605,000
757,056
985,000
297,902
1,069,5 10
39s,000
189,292
765,000
1,045,748
86,1 18
87,918
1,510,001
172,192
1,047,941
591,100
1,765,000
2,735,000
2000
20018
20028
2002
20038
2003
2003
2003F
2003
20048
2004
2004
2004
20058
2005
2005
2005
20068
2OOTB
20088
2008
2008
2008
20098
2009c
2009
r45,000
36,736
1,420,000
1,383,079
1,122,000
1,832,000
2,945,000
1,322,463
792,933
17,238,678 25,212,253
$ 80,892,006 S 180,930,399
88
CITY OF OSHKOSH
IWTNNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENT FOR OUTSTANDING
GENERAL OBLIGATION BONDS AND NOTES AND RE\rEI\UE BONDS
ISSTIED FOR CITY PURPOSES AS OF DECEMBER 3I,2OO9
Build America
Notes Credit Revenue Bonds
Exhibit A-13
(l oF 3)
Total
Calendar
Year Bonds
Build America
Bonds Credit Notes
2010
20tl
20t2
2013
20r4
2015
201,6
20t7
201 8
20t9
2020
202r
2022
2023
2024
2025
2026
2027
2028
s 72,935,067 $
12,353,942
11,761,068
10,630,740
r0,495,291
70,206,736
9,892,959
9,605,399
9,231,797
9,907,974
8,202,071
7,399,674
5,407,600
4,256,190
3,604,579
2,971,434
2,042,606
1,356,206
974,738
(259,347) S
(253,072)
(245,093)
(236,382)
(226,484)
(215,520)
(203,905)
(19 1,585)
(178,1 1o)
(163,634)
(148,704)
(133,391)
(1 17,3 13)
(101,235)
(84,488)
(67,740)
(5 1,089)
(34,438)
(17,408)
4,523,167 $
3,929,829
3,598,819
3,248,237
3,021,619
2,674,894
2,321,429
1,858,228
1,620,810
l,l35,gg2
858,755
637,891
63 8,708
557,329
400,034
282,491
120,670
I20,670
0
(34,814) $
(32,469)
(29,582)
(26,405)
(22,796)
(18,753)
(14,488)
(9,938)
(4,961)
0
0
0
0
0
0
0
0
0
0
6,374,442 S
6,029,785
5,788,442
5,560,842
5,560,941
4,201,802
4,200,765
4,206,924
4,231,745
3,437,029
2,300,276
2,306,655
1,853,591
1,952,965
1,855,209
1,645,817
446,383
446,266
446,r45
23,538,515
22,027,074
20,873,654
19,177,032
1 8,828,571
16,849,159
16,196,1,60
15,469,028
74,901,281
73,317,161
11,212,398
10,210,829
7,782,576
6,565,249
5,775,334
4,932,002
2,558,570
1,999,704
t,343,475
g 142,175,971 $ (2,928,878) $ 3t,548,47I $ (194,206) $ 62,745,414 S 233,346,772
SPECIAL ASSESSMENTS AS OF 12.31.09
Total Special Assessments against properly in the City of Oshkosh are as follows;
Street Improvements
Sanitary Sewers
Water Mains
Sidewalks
Deferred Assessments
Plumbing
Electrical
Overlay
Engineering
r,734,973
234,125
1 14,100
326,121
158,875
2r,065
0
52,150
0
2.641.409
The City of Oshkosh is not responsible for the palmrents of the above special assessments and the special
assessments cannot be paid from ad valorem tæ<es.
89
GENERAL OBLIGATION BONDS AND NOTES AI\D REVENUE BONDS
ISSUED FOR CITY PURPOSES AS OF DECEMBER 31, 2OO9
CITY OF OSHKOSH
WINNEBAGO COUNTY, MSCONSIN
ANNUAL PRINCIPAL REQUIREMENT FOR OUTSTANDING
Bonds Notes Revenue Bonds
Exhibit A-13
(2 oF 3)
Total
Calendar
Year
2010
20tr
2012
2073
2014
2015
2016
2017
2018
20t9
2020
2021
2022
2023
2024
2025
2026
2027
2028
8,295,000
8,025,000
7,755,000
6,945,000
7,100,000
7,115,000
7,110,000
7,140,000
7,ogo,ooo
7,090,000
6,715,ooo
6,230,000
4,540,000
3,600,000
3,120,000
2,635,000
1,835,000
1.,240,000
865,000
3,470,070
2,989,513
2,785,570
2,544,299
2,418,495
2,169,549
7,906,620
7,527,542
7,359,714
938,380
705,569
519,515
545,933
497,461
358,218
258,279
708,932
114,651,
0
3,667,657
4,878,629
4,693,642
4,389,222
4,512,238
3,293,472
3,373,790
3,475,888
3,589,814
2,920,758
1,864,896
1,929,r17
1,780,021
7,613,920
1,678,748
1,531,070
I,225,792
430,743
440,931
s 75,426,667
15,893,1,42
15,234,212
13,878,527
74,030,733
12,569,021
12,390,410
72,r43,430
72,039,529
10,948,538
9,285,465
9,679,632
6,865,954
5,705,391
5,156,366
4,424,349
3,169,724
1,785,394
1,305,931
$ 104,445,000 s 25,272,250 s 51,273,148 $ 180,930,399
90
CITY OF OSHKOSH
MNNEBAGO COUNTY, WIS CONSIN
ANNUAL INTEREST REQUIREMENT FOR OUTSTANDING
Exhibit A-13
(3 oF 3)
Total
Calendar
Year
GENERAL OBLIGATION BONDS A¡ID NOTES AND REVENUE BONDS
ISSUED FOR CITY PURPOSES AS OF DECEMBER 31, 2OO9
Build America
Notes Revenue Bonds Bonds Credit
20r0
20tt
2072
2013
2014
2015
20r6
20t7
20r8
20t9
2000
2021
2022
2023
2024
2025
2026
2027
2028
4,640,067 $
4,328,942
4,006,068
3,685,740
3,395,291
3,091,736
2,782,959
2,465,399
2,141,797
t,8r7,874
r,487,071
1,169,674
867,600
656,790
484,579
336,434
207,606
716,206
49,737
7,053,757 $
939,315
8r3,249
703,938
603,r24
505,345
4t4,809
330,686
261,096
197,5r2
1 53,1 86
118,376
92,775
65,868
41,815
24,213
r1,738
6,019
0
1,345,219 $
r,469,916
1,315,985
l,l73,g2l
1,036,103
976,233
814,578
709,735
601,331
498,339
417,591
350,493
283,026
219,794
158,597
97,071
43,703
15,522
5,274
(294,162) $
(285,481)
(274,674)
(262,787)
(249,280)
(234,273)
(218,392)
(201,525)
(183,072)
(163,634)
(t48,704)
(133,392)
(tt7,314)
(101,235)
(84,488)
(67,740)
(51,089)
(34,438)
(17,408)
6,744,281
6,452,692
5,860,628
5,300,712
4,785,238
4,279,041
3,793,954
3,304,295
2,821,152
2,350,097
1,909,744
1,505,151
r,126,087
840,617
600,503
389,978
211,958
103,309
37,543
s 37,730,970 s 6,336,22r S 11,472,271 $ (3,123,088) S 52,416,374
91
Exhibit A-14
CITY OF OSHKOSH
V/INNEBAGO COUNTY, WIS CONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION BONDS AND NOTES
(Includes Amounts Issued to Other Funds)
December 37,2009
BONDS
Calendar
Year Principal
Build America
Interest Bonds Credit
2010
20tt
2012
20r3
20t4
20t5
2016
2017
201 8
2019
2020
2021,
2022
2023
2024
2025
2026
2027
2028
8,295,000 $
8,025,000
7,755,000
6,945,000
7,100,000
7,115,000
7,110,000
7,140,000
7,090,000
7,090,000
6,715,000
6,230,000
4,540,000
3,600,000
3,120,000
2,635,000
1,835,000
7,240,000
865,000
4,640,067 $
4,329,942
4,006,068
3,685,740
3,395,291
3,097,736
2,782,959
2,465,399
2,141,797
r,8r7,874
r,487,071
7,169,674
867,600
656,190
484,579
336,434
207,606
716,206
(259,347) $
(253,012)
(245,093)
(236,382)
(226,484)
(2t5,520)
(203,905)
(191,585)
(178,1 10)
(163,634)
(r48,704)
(133,391)
(rt7,313)
(101,235)
(84,488)
(67,740)
(51,089)
(34,438)
(17,408)
12,675,720
12,I00,930
11,575,975
10,394,358
70,268,807
9,991,216
9,699,054
9,413,874
9,053,687
8,744,240
9,053,367
7,266,283
5,290,281
4,1.54,955
3,520,091
2,903,694
7,997,517
1,321.,768
997,33049.738
$ 104,445,000 s 37,730,977 $ (2,929,878) $t39,247,093
92
CITY OF OSHKOSII
W]NNEBAGO COI-INTY, V/IS CONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION BONDS AND NOTES
(Includes Amounts Issued to Other Funds)
December 31,2009
NOTES
Build Amenca
Interest Bonds Credit
Exhibit A-14
Total
Calendar
Year Principal
2010
20t1
2012
2013
2014
2015
20r6
2017
201 8
2019
2020
202t
2022
2023
2024
2025
2026
2027
3,470,070
2,989,513
2,785,570
2,544,299
2,418,495
2,769,549
t,906,620
7,527,542
1,359,714
938,380
705,569
519,515
545,933
491,467
358,218
258,279
708,932
114,651
$ 1,053,157
939,375
813,249
703,938
603,724
505,345
414,809
330,686
267,096
797,512
153,1 86
llg,376
92,775
65,869
47,816
24,212
71,738
6,019
$ (34,814)
(32,469)
(29,582)
(26,405)
(22,796)
(18,753)
(14,488)
(9,938)
(4,96r)
0
0
0
0
0
0
0
0
0
$ 4,488,353
3,896,359
3,569,237
3,227,832
2,999,923
2,656,741
2,306,941
7,848,290
r,615,849
1,735,892
858,755
631,897
638,708
557,329
400,034
282,491
120,670
I20,670
s 25,212,250 s 6,336,227 $ (194,206) s 3r,354,265
TOTAL G.O. INDEBTNESS S 129,657,250 S 44,067,192 $ (3,123,084) $ 170,601,358
93
ANNUAL PRINCIPAL AND INTEREST REQUIREMENT FOR OUTSTANDING
GENERAL OBLIGATION BONDS AND NOTES
ISSUED FOR CITY PURPOSES AS OF DECEMBER 31,2009
CITY OF OSHKOSH
WINNEBAGO COUNTY, WIS CONSIN
Build America
Notes Credit
Build America
Bonds Credit
Exhibit A-14
(2 oF 12)
Total
Calendar
Year Bonds
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2027
2022
2023
2024
2025
2026
2027
2028
4,523,168 $
3,928,828
3,598,819
3,249,236
3,02r,679
2,674,894
2,321,429
1,858,229
1,620,glo
1,135,891
858,756
637,892
638,707
557,329
400,033
282,497
720,670
120,670
(34,814) $
(3246e)
(2es81)
(2640s)
(227e6)
(1 87s3)
(14488)
(ee38)
(4e61)
0
0
0
0
0
0
0
0
12,935,067 $
12,353,942
11,761,068
10,630,740
10,495,291
10,206,736
9,892,959
9,605,399
9,231,798
8,907,874
8,202,077
7,399,674
5,407,600
4,256,190
3,604,578
2,971,434
2,042,606
1,356,206
914,737
(259,347) $
(253,012)
(245,093)
(236,382)
(226,484)
(2t5,520)
(203,905)
(191,585)
(178,1 10)
(163,633)
(148,704)
(133,392)
(r17,3t3)
(101,235)
(84,488)
(67,740)
(51,089)
(34,438)
(17,408)
r7,764,074
15,997,289
15,085,213
13,616,189
13,267,630
72,647,357
17,995,995
17,262,105
r0,669,537
9,880,132
g,gl2,r23
7,904,774
5,928,994
4,712,284
3,920,I23
3,186,185
2,r12,787
7,442,439
897,329
$ 31,548,471 $ (194,205) 8 142,t75,970 $ (2,928,878) $ 170,601,358
94
Exhibit A-14
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
(3 OF 12)
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR GENERAL CITY PURPOSES
December 31,2009
Calendar
Year Principal Interest
20t0
2011
20t2
2013
2014
2015
2016
20r7
2018
2019
2020
202t
2022
2023
2024
2025
2026
2027
2028
2,298,168
2,066,025
1,857,857
1,648,063
1,472,9r7
1,299,775
r,734,483
972,689
824,877
692,r96
570,799
455,790
367,289
280,207
206,173
136,228
75,910
36,855
8,546
7,830,883
7,574,745
7,274,568
6,166,594
5,895,246
5,459,560
5,055,544
4,551,600
4,040,315
3,5',76,796
3,236,772
2,636,067
2,245,033
7,958,920
1,801,287
7,503,244
970,9r7
681,217
237,798
$ 5,532,715 $
5,508,120
5,476,771
4,578,527
4,422,329
4,160,395
3,921,067
3,578,971
3,275,438
2,994,600
2,665,973
2,790,277
1,993,744
7,678,713
7,595,774
7,367,016
895,007
644,362
228,652
s 56,297,649 s 76,398,247 72,695,896
95
Exhibit A-14
CITY OF OSHKOSII
MNNEBAGO COTINTY, WISCONSIN
(4 OF 12)
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENER-{L OBLIGATION DEBT OBTAINED F'OR SEWER UTILITY
December 37,2009
Calendar
Year Total
2010 $
201r
2012
20t3
20t4
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
Principal
1,417,883
1,141,538
1,04r,565
985,339
1,007,707
974,258
957,t70
943,292
979,521
998,672
937,792
832,517
727,790
687,637
601,685
475,925
382,728
133,574
133,574
$ 15,360,167
Interest
$ 605,081
555,936
5r3,779
475,422
439,026
400,997
363,284
324,199
285,724
245,606
204,760
165,775
130,351
700,266
70,466
45,436
25,552
9,876
4,992
$ 2,022,964
1,697,474
7,555,343
7,460,761
1,446,733
1,375,155
7,320,454
1,267,49I
7,264,645
1,244,279
7,142,552
ggg,2g2
858,141
787,903
672,151
521,367
408,280
r43,450
139,566
4,965,927 s 20,325,994
Debt Service Payments are made from the Utility User Fees.
96
Exhibit A-14
CITY OF'OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQTNREMENTS
Principal Interest
(s oF 12)
GENERAL OBLIGATION DEBT OBTAINED FOR STORM WATER UTILITY
December 3I,2009
Calendar
Year
2010 $
20tt
20t2
2013
2014
20t5
2016
2017
201 8
2019
2020
202t
2022
2023
2024
202s
2026
2027
2028
$ 385,653
370,398
35r,344
331,075
311,258
290,024
269,352
246,594
223,544
1gg,g4g
173,356
146,666
118,458
89,354
70,064
56,176
42,368
29,559
74,436
s 1,077,177
1,073,769
7,065,392
1,037,586
1,022,771
gg5,0gl
941,773
926,227
915,070
885,458
872,360
859,420
845,929
571,771
459,550
442,429
428,627
414,911
400,689
691,524
703,370
714,048
706,511
711,573
695,067
673,42r
679,643
697,526
686,610
699,004
772,754
727,471
482,417
388,486
386,253
386,253
386,253
386,253
$ 11,508,377 3,716,516 $ 15,224,893
Debt Service Payments a¡e made from the Utility User Fees.
97
Exhibit A-14
CITY OF'OSHKOSH
\MINNEBAGO COLINTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
(6 OF 12)
GENERAL OBLIGATION DEBT OBTAINED FOR WATER UTILITY
December 31,2009
Calendar
Year Principal Total
2010 $
2077
2012
2073
2014
207s
2016
2017
201 8
20t9
2020
202r
2022
2023
2024
2025
2026
2027
2028
$ 502,690
459,330
417,000
382,887
347,r25
31r,697
275,3I1
237,409
203,604
170,958
139,956
\10,402
79,3gg
56,005
37,266
23,942
16,064
8,080
4,086
s 1,842,956
1,617,596
1,361,935
1,363,409
1,299,745
7,267,345
7,231,1.70
1,073,916
1,007,432
909,569
824,642
919,701
636,726
493,779
372,175
221,642
2r9,522
117,369
713,374
1,340,266
1,r59,266
944,835
980,522
952,620
949,648
955,859
836,407
803,828
738,610
684,786
708,299
557,328
427,774
334,909
197,800
202,458
109,288
109,288
g 12,993,791 3,782,010 $ 16,775,801
Debt Service Payments a¡e made from the Utility User Fees.
98
Exhibit
^-I4
CITY OF'OSHKOSH
W]NNEBAGO COT]NTY, WISCONSIN
(7 OF 12)
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR PARKING UTILITY
December 3I,2009
Calendar
Year Principal
$ 50,500
50,000
49,667
49,666
58,000
27,222
Interest Total
2010
20ll
2012
2013
2014
2075
$r0,477
8,706
6,8t7
4,953
2,967
1,232
60,977
58,706
55,484
53,619
60,967
28,454
$283,055 $
Debt Service Payments are made from User Fees.
35,152 318,207
99
Exhibit A-14
CITY OF OSI{KOSTI
WINNEBAGO COLINTY, \MISCONSIN
(8 oF 12)
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERÄL OBLIGATION DEBT OBTAINED FOR TRANSIT SYSTEM
December 37,2009
Calendar
Year Principal
102,818
107,669
50,065
4,679
4,657
4,696
3,366
3,366
3,262
Total
20t0
20rt
2012
2013
2014
20t5
20t6
2017
201 8
10,358
6,590
2,485
648
534
410
278
192
96
773,776
l14,25g
52,550
5,266
5,191
5,096
3,644
3,558
3,358
284,506
Debt Service Payments are made from User Fees.
21,591
100
Exhibit A-14
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
(e oF 12)
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR INDUSTRIAL PARK
December 31,2009
Calendar
Year Principal Interest Total
2010 $
20ll
2012
2013
2014
20t5
2016
2017
201 8
20t9
2020
202t
2022
2023
2024
2025
2026
2027
260,378 $
277,245
299,690
303,514
317,579
332,299
347,461
363,811
380,682
242,592
100,145
105,302
177,464
35,744
37,598
39,595
4r,674
43,96r
$ 436,309
436,308
436,309
436,309
436,309
436,309
436,309
436,306
436,371
280,565
126,725
126,726
127,542
46,764
46,164
46,1.64
46,765
46,764
175,93r
159,063
146,619
I32,795
118,729
104,009
88,848
72,495
55,629
37,973
26,580
27,424
16,078
70,420
8,566
6,569
4,491
2,303
3,630,634 r,788,522 4,819,156
Debt Service Payments are made from Industrial Park Land Sales.
l0l
Exhibit A-14
CITY OF OSIIKOSH
MNNEBAGO COI.INTY, WISCONSIN
(10 oF 12)
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED F'OR TAX INCRXMENTAL F'INA¡ICING DISTRICTS
December 3I,2009
Principal
s 2,299,048
r,994,r60
1,959,537
1,930,595
2,032,799
2,129,288
2,146,\26
2,259,495
2,375,46r
2,477,296
2,332,873
2,210,367
994,426
862,887
520,426
426,694
35,913
37,3r4
7,234
1,400,83 5
r,350,265
I,243,946
l,l49,ll4
1,055,083
954,308
848,231
740,890
626,954
506,1 59
376,208
254,599
133,5r3
88,550
49,373
24,65I
3,874
2,113
270
3,699,883
3,344,425
3,203,483
3,o7g,7og
3,087,871
3,083,596
2,994,357
3,000,3 85
3,002,415
2,983,455
2,709,09r
2,464,966
l,r27,g3g
951,437
569,799
45I,345
39,687
39,427
7,504
Total
2010
20rl
20t2
2013
2074
2015
20r6
2017
20r8
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
$ 29,031,828 $ 10,808,936
Debt Service Payments are to be made from Tax Incremental Financing Payments.
39,840,764
102
Exhibit A-14
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
(11 oF 12)
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR CABLE TV
December 3I,2009
Calendar
Year Principal
$ 65,340
69,431
70,566
5,852
6,000
6,222
6,444
lnterest Total
2070
2077
2012
2013
2074
2015
20r6
$8,410
6,1 58
3,674
982
746
506
258
73,750
74,589
74,240
6,834
6,746
6,728
6,702
228,855 20,734
Debt Service Payments are made from PEG Access Fees.
249,589
103
Exhibit A-14
CITY OF OSHKOSH
WINNEBAGO COUNTY, WTSCONSIN
(12 OF t2)
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR GOLF COURSE
December 37,2009
Calendar
Year TotalInterest
2010
20II
2072
2013
20r4
20r5
2016
2017
Principal
$ 4,537
4,712
4,887
5,162
5,300
5,415
5,774
2,620
1,462
7,294
I,I22
942
748
548
332
104
5,999
6,006
6,009
6,704
6,048
6,023
6,046
2,724
38,407 6,552
Debt Service Payments are made from the User Fees.
44,959
104
Exhibit A-15
(1 oF 6)
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS.
RX\rENUE BONDS
(Includes Amounts Issued to Other Funds)
December 31,2009
Calendar
Year Principal
$ 4,777,656
4,583,629
4,499,642
4,399,223
4,537,239
3,299,471
3,399,790
3,510,999
3,644,913
2,955,159
1,899,896
1,974,116
1,590,022
1,649,920
7,773,148
7,566,070
420,792
430,744
440,937
2010
2011
2012
2013
20r4
2075
20r6
2077
201 8
2019
2020
2021
2022
2023
2024
202s
2026
2027
2028
s 1,602,786
1,446,756
l,2gg,g00
l,76r,619
1,023,702
903,337
901,375
696,036
586,932
481,871
400,390
332,539
263,559
204,045
t42,06r
79,747
25,597
15,522
5,214
6,374,442
6,029,785
5,788,442
5,560,942
5,560,941
4,207,902
4,200,165
4,206,924
4,231,745
3,437,029
2,300,276
2,306,655
1,853,581
7,952,965
1,855,209
7,645,817
446,393
446,266
446,145
TOTAL REVENUE DEBT S 51,273,t48 s 11,472,266 s 62,745,414
105
Exhibit A-15
CITY OF OSHKOSII
WINNEBAGO COUNTY, WIS CONSIN
(2 oF 6)
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
REVENUE DEBT OBTAINED FOR TAX INCREMENTAL FINANCING
December 31,2009
Calendar
Year Principal
225,000
235,000
0
$460,000
lnterest Total
2010
2OII
2012
17,376
9,164
0
242,376
244,164
0
26,540 486,540
106
Exhibit A-15
CITY OF'OSHKOSII
WINNEBAGO COUNTY, WISCONSIN
(3 oF 6)
Total
Calendar
Year
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
RE\rENUE DEBT OBTAINED FOR WATER UTILITY
December 37,2009
Principal
2010
201r
2012
2013
20r4
2015
20t6
20t7
201 8
20r9
2020
2021
2022
2023
2024
2025
2026
2027
2028
1,089,854
1,018,635
944,730
867,072
788,042
706,578
622,987
536,811
447,619
363,257
300,710
250,005
199,046
158,375
115,913
71,653
25,591
75,522
5,214
3,450,215
3,449,251
3,454,355
3,439,239
3,438,705
3,427,147
3,424,969
3,431,773
3,457,157
2,663,542
7,728,149
7,737,054
1,292,279
1,285,670
1,287,486
I,287,723
446,383
446,266
446,r45
$ 2,360,361 $
2,429,616
2,510,225
2,572,227
2,650,663
2,720,569
2,gol,ggg
2,994,962
3,009,532
2,300,295
1,427,439
1,487,049
r,083,232
7,127,295
7,17r,573
1,216,070
420,792
430,744
440,931
$ 35,055,553 $8,526,948 $ 43,582,501
Debt Service Payments are made from the Utility User Fees.
t01
Exhibit A-15
CITY OF OSHKOSH
(4 oF 6)
WINNEBAGO COI.INTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQI-IIREMENTS
REYENTIE DEBT OBTAINED FOR OSHKOSH CENTER
December 37,2009
Calendar
Year Principal Interest Total
2010$325,000$16,900$341,900
2A11000
$ 325,000 $ 16,900 $ 341,900
Debt Service Payments are made from Oshkosh Center Fund.
108
Exhibit A-15
Calendar
Year
CITY OF OSHKOSH
(s oF 6)
WINNEBAGO COUNTY, WISCONSIN
ANNUAI PRINCIPAL AND INTEREST REQUIREMENTS
RE\rENUE DEBT OBTAIIIED FOR SEWER UTILITY
December 31,2009
Principal Total
2010
2011
2012
2013
20r4
20r5
201.6
20t7
2018
20t9
2020
2021
2022
2023
2024
308,595
255,034
I99,760
746,996
96,549
66,542
57,530
48,291
3 8,81 8
29,705
21,882
17,276
72,438
7,545
2,535
1,979,890
1,979,047
1,978,r77
7,763,892
7,763,125
419,444
419,332
479,211
479,099
4l8,g7g
2I4,339
214,283
274,228
214,170
214,1r0
1,677,295 $
7,',724,0I3
r,778,417
1,616,996
1,666,576
352,902
36t,802
370,926
380,281
389,873
192,457
r97,067
20I,790
206,625
2r1,,575
$
s 77,322,595 $1,308,736
Debt Service Payments are made from the Utility User Fees.
12,631,337
109
Exhibit A-15
CITY OF OSHKOSH
MNNEBAGO COUNTY, WISCONSIN
(6 oF 6)
ANNUAL PRINCIPAI AND INTEREST REQUIREMENTS
RE\rENUE DEBT OBTAINED F'OR STORM WATER UTILITY
December 31,2009
Calendar
Year Principal Total
2010 $
20tt
2012
2073
2014
2015
2016
2017
201 I
20t9
2020
2027
2022
2023
2024
202s
190,000
195,000
200,000
210,000
220,000
225,000
235,000
245,000
255,000
265,000
280,000
290,000
305,000
315,000
330,000
350,000
170,06r
163,323
155,910
1,47,711
139,111
730,2rr
L20,864
7t0,934
100,495
89,509
77,788
65,318
52,075
38,r25
23,673
$ 360,061
358,323
355,910
357,717
359,111
355,271
355,964
355,934
355,495
354,509
357,7gg
355,318
357,075
353,725
353,613
358,0948.094
4,110,000 r,593,742
Debt Service Payments are made from the Utility User Fees.
5,703,r42
ll0
City of Oshkosh, Wisconsin
Demographic and Economic Statistics
Last Ten Years
Exhibit A-16
Total
Personal
krcome (2)
Per Capita
Personal
Average Sales
Price of Residential Total AssessedMedianSchoolUnemployment
Year lation 11) *
r,795,365,000
2,52r,09r,200
2,5r4,402,670
2,585,548,680
2,253,009,570
2,217,981,935
2,107,931,463
2,120,652,844
r,996,266,150
2,200,47r,824
$ 27,900 s 136,240
136,218
126,r36
160,402
rr7,345
r18,240
126,409
106,951
99,939
153,881
Value (8
3,712,040,700
3,658,905,250
3,571,509,200
3,483,887,600
3,396,162,800
2,368,259,800
2,329,972,500
2,266,847,900
2,203,098,900
2,140,360,r00
Income 13)**(4)Enrollment (5 Rate (6
2009
2008
2007
2006
2005
2004
2003
2002
200r
2000
64,350 S
63,680
65,810
65,510
65,445
65,095
64,327
64,r32
63,225
63,r92
39,590
38,207
39,468
34,426
34,073
32,769
33,067
31,574
34,822
33.8
49
49
46
nla
nla
nla
nla
nla
nla
10,331
10,335
10,374
10,299
10,256
10,304
I0,406
10,547
10,658
10,602
8.4%
4.9%
4.6%
4.8%
5.0%
5.r%
6.0%
s.4%
3.3%
3.t%
Source: (1) U.S. Censuq Censusof populafi'on. 'Oshkosh Chamber.
(2) Computation of per capita personal income multiplied by population
(3) Based on Cunent Population Survey data and are not directly comparable to prior years'
(3) Wl Workforce Development Website: worknet.wisconsin'gov (Winnebago Co.)
(4) Oshkosh Chamber of Commerce - Demographics
(5) Oshkosh Board of Education
(6) Wisconsin Department of workforce Development website: worknet.wisconsin.gov
(7) City of Oshkosh Assessor and lT Department
(8) City of Oshkosh Official Statement
wh¡ch were based on the 2000 Census. *2009 from the Chamber.
TotalAssessed Property Value (8)
4,000,000,000
3,000,000,000
2,000,000,000
1,000,000,000
EtrTotal Assessed
0
""$""s ""s
-\.ó
crTY oF osHKosH, \Mr
\ilinnebago, Outagamie, and Calumet Counties
LABOR
The cities of Oshkosh and Appleton form a standard metropolitan statistical area encompassing
a three county area - Winnçbago,Outagamie, and Cafu:met Counties, having a combined
population of 388,036. Within a 50 mile radius of Oshkosh reside a total of over I,2'Ì2,486 persons.
Oshkosh is, therefore, well supplied with a large growing labor pool as well as substantial retail,
wholesale, and industrial markets.
Numerically presented, the emplolanent mix averaged as follows for 2009.
Exhibit A-17
216,216
15,305
7.05
200,911
Place of Residence Data
Total Civilian Labor Force
Unemplolmrent
Percent of Civilian Labor Force
Employrrent
Place of Work
Nonfa¡m V/age and Salary
Total Private
Goods Producing
Nat Res., Mining, & Construction
Manufacturing
Service Producing
Trade
Wholesale Trade
Retail Trade
Transportation, Warehouse, and Utilities
Information
Finance Activities
Professional & Business Services
Educational & Health Services
Leisure & Hospitality
Other Services, except Public Admin
Government
Federal
State
Local
208,300
182,700
54,900
10,900
44,000
153,400
36,800
7,700
22,600
6,500
3,700
11,300
23,700
24,900
17,100
10,900
25,600
1,000
5,900
18,700
Source: State of .Wisconsin - Deparhnent of Administration
tt2
Exhibit A-18
crTY oF osHKosH, wrscoNsrN
NUMBERS OF FTILL-TIME EMPLOYEES AUTHORIZED
Last Ten Fiscal Years
ACCOUNT PURPOSE 2000 2001 2002 2003 2004 2005 200€2007 2008 2009
0020 Manaqer 2 2 2 2 2 2 2 2 2 2
0030 Attorney 3 3 3 3 3 3 3 3 3
0040 Personnel 3.5 4 4 4 4 4 5 5 5 5
0050 Clerk 3 3 3 2 3 3 3 3 3
0071 Oollection 14 14 14 14 14 14 14 14 14 14
0080 Assessor 6 6 6 6 6 6 b 6 6 6
0090 Purchasing 25 3 3 3 3 3 3 2 2 3
01 00 Cent.Srvs.1 1 1 1 1 1 1 1 1 1
01 10 T 7 I I 7 7 7 7 7 7 7
0'130 Facilities 3 3 3 3 3 4 4 4 4 4
01 50 Media Srvcs 3 3 3 3 3 3 3 3 3 3
01 60 Safetv 1 1 1 1 1 1 1 1 1 1
0211 Police '116 118 118 118 117 118 117 116 116 116
0230 Fire 104 104 103 '103 103 109 109 108 108 108
031 0 Health 6 6 ô b 6 6 6 b 6 6
0330 Nurses 3 3 3 3 3 3 3 3 3
0410 Public Wrks.3 3 3 3 3 3 3 3 3 3
0420 Enqineers 12 12 12 12 12 13 13 12 11 11
0430 Streets 40 40 40 37 40 34 33 32 30 31
0450 Garaqe 7 I I I I I I I I I
0470 Garbaoe 13 13 13 13 13 13 13 11 11 11
0480 Recyclinq I I 9 7 7 7 7 7 7 6
061 0 Parks 17 17 17 16.5 16.5 16.5 16.5 15.5 15.5 15.5
0620 Forestry 3 3 3 4 4 4 4 4 4 4
0630 Golf 0 2 2 2 2 2 2 2 2 2
0650 Cemetery 4 4 4 4 4 4 4 4 4 4
0740 Planninq 7 7 7 7 I I I 9.5 9s OE
0750 Codes 9 10 10 10 1C 10 10 10.5 10.5 10.5
0801 -081 0 Transoortation 7 7 7 7 7 7 7 7 7 7
1 060 Library 38.88 38.9 37.1 36.4 36.4 36.9 35.9 32.5 31.6 31.6
1070 Museum I 10 10 10 10 '10 10 10 I 10
1728 Transit 28 28 28 28 28 28 28 28 28 28
17 17 Parkinq 3 3 3 3 3 2 2 2 2 1
1810 Water 31.5 32.5 32 33 33 31 31 31 31.33 31.33
1910 Sewer 33.5 33.5 33 36 32.5 34 34 34 32.33 32.33
2010 Storm 0 0 0 75 2 7 7 7 7 7.33
0760 Senior Services 4 5 5 E 5 6 6 6 6 5
0790 Housinq 15 15 15 17 16 14 14 0 0 0
1020 Grand 0 0 0 0 0 0 0 0 0 0
1 040 Conv. Ctr.0 0 0 0 0 0 0 0 0 0
255-061 0 Parks Rev.0 0 0 05 0.5 05 0.5 05 05 05
TOTAL 571.88 583.90 580.10 586.90 580.90 þö6.9U bö4.9U 56U.bU 554.2ö 554.59
Source: City of Oshkosh Finance Department
113
Exhibit A-19
CITY OF OSHKOSH, WISCONSIN
GENERAL GOVERNMENTAL EXPENDTTURES BY FUNCTION (1)
2001
2000-2009
2003 2006 2009
GENERAL GOVERNMENT:
Common Council
Manager & StaffEmp.
Dept. of Administration
Public Safety
Garbage & Refuse Coll.
Public Works
Street Lights
Maint. of Facilities
& Inspections
Parks & Forestry
Pollock Pool
Pollock Comm Wtr Park
Riverside Cemetery
Library
Museum
Planning & Research
Debt Service Fund
Housing Authority
Senior Services
Recyclíng
City/County Safety Bldg
Unclassified
s 37,844 $
927,t05
3,441,433
15,742,958
1,229,065
5,144,453
79s,r39
498,114
1,372,',128
29,760
214,223
1,974,367
74r,408
533,145
9,163,',|72
572,06s
259,278
t,017,6t0
0
37,492
1,089,905
3,779,327
17,169,292
1,266,761
5,887,123
862,333
591,722
1,662,071
35,599
472,772
2,020,581
560,020
573,800
10,930,144
651,643
332,32s
1,077,038
0
s 38,424
1,082,296
3,786,863
17,483,141
1,286,599
5,402,429
851,804
651,328
1,507,767
31,176
t56,962
2,125,308
684,005
630,327
r2,008,866
68s,965
350,917
895,040
0
490,905
$ 38,827
I,128,051
3,811,649
18,242,353
1,358,580
5,051,208
606,973
718,067
1,529,314
35,070
l 85,55 I
2,407,345
706, l0 I
635,s23
13,685,068
766,84s
316,471
858,327
0
472,968
$ 39,740
1,157,925
3,822,024
t9,165,240
1,363,750
5,203,187
592,520
723,3r5
1,641,053
2,800
167,61s
2,235,691
7t7,441
651,897
14,836,550
745,757
300,596
735,874
1.270.914
s 39,726
1,229,3',13
4,215,765
20,446,059
1,549,476
5,015,268
615,916
681,972
1,658,854
3,710
203,103
2,454,405
742,907
710,719
15,394,793
735,t4t
340,910
710,518
0
$ 39,538
1,429,741
4,054,7s8
20,793,621
1,s49,409
5,124,',711
589,27r
746,831
1,600,05 l
0
35,848
215,194
2,401,238
699,524
760,366
15,824,907
414,457
352,107
563,994
0
395,766
$ 39,052
1,594,541
4,128,835
20,867,682
1,325,292
5,117,650
623,310
769,203
t,707,219
0
44,554
217,278
2,509,639
799,0s8
790,374
16,330,462
0
460,902
397,145
0
$ 39,875
1,439,869
4,369,793
21,958,685
1,341,288
6,038,287
629,293
829,207
1,701,506
0
56,513
238,597
2,268,377
847,267
795,448
16,490,42s
0
337,187
345,782
0
s 4s,228
1,506,360
4,312,426
22,429,343
1,445,865
5,954,600
661,953
821,326
1,841,432
0
35,722
270,983
2,s9'1,497
845,407
835,841
17,253,388
0
337,079
1.5 1 3.835
0
792559.r45 416.416 67s.7t7
163.129 S 49.428 $ 50.150.122 $ 52,554,291 $ 5 3.034 s s7 l8 S 57,591,332 S 12$
(1) Includes General pund, principal Special Revenue Funds (Library, Museum, Street Lights, Senior Services and Recycling) and the Debt Service Fund.
Source: City of Oshkosh Finance Department
s 63.09'7.077
Þ
crrY oF osHKosH, wrscoNSIN
GENERAL GOVERNMENTAL REVENUES BY SOURCE
2000-2009
Exhibit A-20
200820042006200r2002
REVENUES
Taxes & Special Assess.
Licenses & Permits
Fines & Costs
Shared Taxes - State and
Federal Aids
Use of Properly and MoneY
Charges for Current Serv.
Interdepartmental Rev.
Unclassified
$ 17,195,194
748,964
909,425
16,490,005
1,346,834
2,152,664
7,059,541
112,042
s 19,293,931
826,693
884,251
r6,962,918
950,468
2,202,982
8,183,338
1.530,555
s 21,503,179 $
r,030,340
843,119
16,861,9t7
550,145
2,554,239
7,943,694
162,8t6
s 24,274,716
856,609
860,621
r6,480,520
443,449
3,231,249
8,949,1s5
296,642
s 24,60t,129 $
1,032,128
750,s71
1 6,586,85 l
514,972
4,159,797
9,417,682
I 10,000
24,6t8,227 $
1,214,293
784,376
17,276,831
950,556
3,776,708
10,026,3 13
137,898
$ 26,902,068
1,216,972
672,789
17,254,764
980,931
3,542,358
r0,548,757
507,414
$ 28,131,966
1,047,967
'740,958
17,050,881
655,495
4,584,998
11,713,398
2t9,032
22,476,451
88,914
833,600
r7,446,096
519,627
2,707,359
9,463,555
112,724
2s,939,725
1,322,421
733,249
16,959,446
1,r73,004
4,049,304
10,091,460
r07,660
$ 50,835,136 S 51,449,449 $ 53.648.326 $ 55,392,961 $ 57.173,130 $58,785,202 $376,269 $61,626,053 $ 64,144
SUMMARY-SHÀRED TAXES-
STATE & F'EDERAL AIDS
Shared State Aids
HighwayAids
Housing Authority
Muni. Serv.-State Prop.
County Ambulance Aid
Parks/Forestry Aids
Tax Disparity Aids
Cable TV
Elections - Aids
State Computer Credit
Protective Services/Aids
$ 11,583,146
2,635,96',1
0
1,200,000
58,703
0
751,820
0
$ 11,890,769
2,632,214
0
r,442,959
58,1 52
0
726,992
r,550
209,115
1,167
$ 12,010,518
2,s71,554
0
1,170,423
62,484
874
807,903
7,03s
230,437
689
$ 12,12s,04',1
2,682,437
0
t,225,185
65,972
1,883
980,694
7,036
204,96s
$ I1,065,483
2,707,989
0
t,222,605
t4r,930
3,87r
985,860
5,557
187,440
r 59,785
s 11,076,027 $
2,740,61s
0
1,277,417
146,1 88
0
977,077
9,332
l 90,635
169,560
11,075,468 $
2,767,382
429,127
1,333,774
159,884
0
1,067,259
7914
210,086
225,937
t1,073,727 $
2,843,112
0
1,322,063
174,934
5,398
I,088,157
6,332
10,969,615
3,0r0,732
0
1,356,1 88
169,389
0
t,2t2,3ll
8,654
$ I1,085,640
3,027,523
0
1,252,757
71,400
2,532
l,2ll,76s
6,762
3,847
141,788
246,867
184,785
75,584
199,152
246,571
179,659
348,216ts2.8'77
r7,446,096 $ 16,586,851 t6,959,446 17.254,764 $ 17,050,88116,490,005 $ 16.962,918
Source: City of Oshkosh Finance Department
CITY OF OSHKOSH, WISCOI\SIN Exhibit A-21
TAX ROLL COLLECTIONS
COLLECTIONS IN 2OO9 OF 2OO8 TAX ROLL
COLLECTIONAPPLIED REALESTATE
CITY OF OSHKOSH
LEVY
SETTLED}VTTH RETAINEDBY TT'RNEDOVER
OTFIERTINITS CITY TO TT{E COUNTY
GENERAI PROPERTY TA)GS
State Tores
County Taxes
Schools:
Board ofEducation
Vocational School
Debt Service:
City Debt
Legislative Trust Funds:
Police Pension
Firemen's Pension
Workmen's Comp.
TID
General City
Special District
Ovemrn
Special Assessments
97.25 %
$ 653,211.89 $ 635,224.1r
19,413,864.79 18,879,2s6.82
$ 20,067,076.68
$ 26,340,833.19 2s,6),5,474.30
5,999,373.10 32,340,206.29 5,834,165.77
$ 16,924,086.00 16,924,086.00
0.00
0.00
33.783.00 33,783 00
6,329,402.45
3,822,232.00
35,785.00
(1,608.22)
$ 552,s9s.75
890,566.22
$ 6,155,106.96 174,29s.49
27,tt't,379.36 767,888.64
Other Funds:
Library 2,420,906.00
Museum 822,237.00
Transit 612,683.00
Recycling 937,951.00
Street Lighting 1,247,778.00
Grand Opera House 66,622.00
Cemetery 210,054.00
Committee on Aging 372,477.00
Health Services 374,426.00
Golf Course 0.00
Pollock Community Water Park 40,033.00
Equipment 0.00 7,105,167.00
34,799.57
(1,563.93)
98s.43
(44.29)
$ 86,6s6,130.20 $ s0,964,121.00 S 33,305,721.96 $ 2,386,287 .24
2,467,630.21 2,096,960.57 370,669.64
$ 89,123,760.41 $ 50,964,121.00 S 35,402,682.s3 $ 2,756,956.88
Source: City of Oshkosh Finance Department r16
Exhibit A-22
CITY OF' OSHKOSH, WISCONSIN
RÀTIO OF DEBT TO A.SSESSED VALUÄTION AND POPULATION
1995-2009
DEBT
RATIO OF DEBT TO PER
ASSESSED VALUATION CAPITA
199s
Valuation - S1,882,1 14,900
Population - 59,068
1995 DirectMunicipalDebt $ 65,308,825 3.47% $ 1,105.65
7996
Valuation - $ 1,937,658,900
Population - 60,240
1996 Direct Municipal Debt S 68,571,473 3.54% $ 1,138.30
t997
Valuation - $ 1,987,59 1,500
Population - 6I,824
1997 Direct Municipal Debt S 68,577,442 3.45% $ 1,109.24
1998
Valuation - 52,046,447,600
Population - 62,185
1998 Direct Municipal Debt S 69,932,059 3.42yo $ 1,124.58
1999
Valuation - 52,07 2,830,600
Population - 62,695
1999 Direct Municipal Debt S 72,463,863 330% $ 1,155.82
2000
Valuation - $2,140,360,100
Population - 63,792
2000 Direct Municipal Debt S 79,645,557 312% $ 1,260.37
2007
Valuation - 52,203,728,900
Population - 63,225
2001 Direct Municipal Debt S 86,605,140 3.93% S 1,369.79
2002
Valuation - 92,266,847,900
Population - 64,132
2}}2DtrectMunicipalDebt $ 101,116,094 4.46% S 1,576.69
t17
Exhibit A-22
CITY OF OSTTKOSIT, WTSCONSTN
RATIO OF DEBT TO ASSESSED VALUATION AND POPULATION
199s-2009
DEBT
RATIO OF DEBT TO PER
ASSESSED VALUATION CAPITA
2003
Valuation - 52,924,33 6,7 00
Population - 64,327
2003 DirectMunicipalDebt S 112,645,337 3.85yo $ 1,751.14
2004
Valuation - 53,747,524,900
Population - 65,095
2004DirectMunicipalDebt $ 113,006,301 3.60% $ 1,73612
2005
Valuation - $3,335,5 17,300
Population - 65,445
2005 Direct Municipal Debt $ 115,334,666 3.46% g 1,'762.31
2006
Valuation - $3,558, 1 14,300
Population - 65,510
2006 Direct Municipal Debt $ 118,945,768 3.34% $ 1,815.69
2007
Valuation - 53,7 22,810,200
Population - 65,810
2007 DkectMunicipal Debt $ 119,580,048 3.21yo S 1,817.05
2008
Valuation - $3,849,076,000
Population - 65,920
(per Census web page, 63680)
2008 Direct Municipal Debt S 119,684,801 3.II% $ 1,815.61
2009
Valuation - $3,801,8 17,900
Population - 64,350
2009 Direct Municipal Debt S 129,657,250 3.41% S 2,014.88
Source: City of Oshkosh Finance Department
I l8
Exhibit A-23
crTY oF osHKosH, \ryISCONSIN
COMPUTATION OF LEGAL DEBT MARGIN
ANI)
COMPUTATION OF OYERLAPPING DEBT
See Exhibit A-11 (1 of 2) for
these computations
119
Exhibit A-24
CITY OF OSHKOSII, WISCONSIN
RATIO OF ANNUAL DEBT SERVICE
FOR GENERAL BONDED DEBT TO TOTAL GEI\-ERAL GOVERNMENTAL E)GENDITI]RES
2000 - 2009
GENERAL
ANNUALDEBT GOVERNMENTAL %
RATIOSERVICEÐCPENDITIIRES
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
9,163,772
10,930,144
12,008,866
13,685,051
14,836,550
15,394,793
15,824,907
16,330,462
76,490,425
17,253,388
44,163,129
49,429,628
50,150,122
52,554,29I
55,933,034
57,244,818
57,59r,332
58,138,612
60,403,r77
63,097,077
20.75
22.r1
23.9s
26.04
26.53
26.89
27.48
28.09
27.30
27.34
Source: Cþ of Oshkosh Finance Department (Exhibit A-19)
t20
CITY OF OSHKOSH, WISCONSIN
ECONOMICS
POPULÀTION - CITY OF'OSIIKOSH
Exhibit A-25
1996
1997
1998
t999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: U.S. Census Bureau
Estimate 60,240
Estimate 61,824
Estimate 62,185
Estimate 62,695
Estimate 63,192
Estimate 63,225
Estimate 64,132
Estimate 64,327
Estimate 65,095
Estimate 65,445
Estir¡ate 65,510
Estimate 65,810
Estimate 65,920
Estimate 64,350
BUILDING PERMITS
New Residential Total of All Permits
No. Value
1,836 66,522,056
2,104 59,462,427
2,537 84,198,862
6,767 110,724,162
8,41 8 98,804,851
8,335 92,278,720
7,203 162,568,019
6,631 708,739,3r2
6,198 94,001,548
5,477 74,563,467
5,237 98,876,033
5,217 121,914,846
6,193 95,870,311
6,130 64,463,673
Year No.Value
1996 319
7997 195
1998 r82
1999 190
2000 r32
2001 1s6
2002 198
2003 202
2004 752
2005 87
2006 77
2007 69
2008 43
2009 20
25,269,402
1 8,1 88,520
19,658,460
23,472,737
18,001,065
26,565,r83
32,254,r56
36,568,505
26,630,612
73,660,642
17,872,562
21,982,261
9,846,277
5,r73,400
1999
Source: City of Oshkosh Inspections Department
UTILITY CUSTOMERS.A.T YEAREND - CITY OF OSHKOSH
2001 2002 2003 2004 2005 2006 20092007 2008
Water .21,525 22,168
Telephone 48,25I
Electric
Gas
37,63t 38,916 39,648 40,595 41,736
28,956 29,424 30,0'15 30,779 31,168
Source: City of Oshkosh Water Distribution
Source: Wisconsin Public Service Corporation
19,246 22,351 22,500 23,200 23,200 23,298 23,283 23,453
44,531
31,611
4L,659
3r,494
42,492 42,910 43,038
32,123 32,441 32,505
t2l
Exhibit A-26
City of Oshkosh, Wisconsin
NEW D-WELLING LTNITS CONSTRUCTED
1,992-2008
YEAR TOTAI UNITS SINGLE FAMILY TWO FAMILY MULTIPLE FAMILY
1992 338
1993 500
1994 4r7
t995 263
1996 532
1997 394
1998 384
1999 383
2000 275
2001 442
2002 364
2003 529
2004 303
2005 r34
2006 234
2007 130
138
r74
165
t44
202
119
r44
r57
109
t2t
7s7
153
I12
63
51
58
47
I3
10
6
l9
32
42
22
22
20
20
10
44
36
20
30
12
0
4
2
180
320
214
87
288
253
218
206
t46
311
163
340
t77
4I
t7l
72
8
52009 74
5,755 2,727 3s1
Source: Cþ of Oshkosh Department of Community Development
3,I94
122
Exhibit A-27
crrY oF OSHKOSH, WTSCONSTN
2()1() OPERATING BI]DGET BY FI]NCTION
City Manager
Cify Attomey
Personnel
Cþ Clerk
Elections
Finance
Assessor
Purchasing
Central Services
Information Technology Division
Inswance
Facilities Maintenance
Independant Audit
Media Services
2,200 18,500 0
63,200 13,100 0
99,700 56,400 0
98,400 t52,400 0
28,500
114,200
233,200
295,800
148,400
105,600
665,200
335,100
148,500
27,600
393,500
0
185,900
0
0 1,800
0 1,200
0 6,500
0 3,000
0 51,000
0 25r,700
0 395,800
0 549,600
50,800 15,800 0 100 3,300 8,500 226,900
1,900
3 16,300
13,500 1,000
4,400 0
0 7,000 0 129,000
0 4,400 1,500 991,800
t65,500 3ó,600 0
71,800 4,400 0
12,900 96,500
0 3,900
0 1,600
0 0 17,800
0 541,100
0 226,300
0 154,800
216,100 240p00 55,500 0 47,600 74,200 1,027,800
000559,9000
104,200 54,600 272,100 300 33,600
0 559,900
0 590,700
0 22,700 0 0 0 22,700
148,900 51,600 2,100 500 0 2,200 0 205,300
2,890,400
7,257,100
0
't,107,600
0
0
76,800
0
1,254,600
3,547,500
0
3,183,100
0
0
6,100
0
731,900 269,100 560J00 133,900
169,900 42,000
76,000 200
129,000 112,900
650,000 0
1,300 200
00
300 152,500
00
0 234,700
00
0 3,100
0 700
84,200 5,924,400
115,100 11,284,400
0 76,200
14,800 10,782,100
0 650,000
0 4,600
0 83,600
0 1s,600
Police
A¡imal Care
Fire & Ambulance
Hydrarrt Rental
Auxiliary Police
Crossing Guards
Police & Fire Commission
TOTAL PTJBLIC SAFETY
15.400 0 0 200
@
Public Works - Admin.
Engineering
Streets - General
Central Garage
14,441,500
249,700
781,100
1,51',7,400
396,300
518.200
6,736,700
104,700
354,900
809,200
224,500
303,400
300 391,200
100 800
200 14,400
800 4t9,200
1,100 1,030,900
r,200 74,900
L29,900 22,896,500
0 359,400
2,600 1,175,600
16,000 2,824,500
0 1,912,800
377,200 1,898,200
1,041,600 155J00
4,100 0
17,500 4,900
59,700 2,200
141,500 I 18,500
623,300 0Garbage Coll. & Disposal
3,462,700
821,500
I 87,800
1,796,700
386,400
61,900
846,100 125,600
30,200 168,500
12,400 200
3,400 1,540,200
80,700
13,200
395,800 8,170,500
3,000 1,490,600
3,000 278,700
300
200
TOTAL PARKS & OTIIER FAC.1,009,300 448J00 42,600 168,700 500 93,900 6,000 1,769,300
t2?
Exhibit A-27
M
Planning Services
Inspection Services
608,900
578,000
223,200
264,200
9,800
22,200
100
1,200
0
1,000
5,600
I 1,600
847,600
878.200
0
0
1,186,900
283,400
105,300
487,400 32,000 1,300
34,000
3,900
1,000 17,200
46,800
37.400
0 1,725,800
506,200
200.200
t29,700 12,300
49,700 3,900
0
0
0
0
388,700 179,400 16,200
52,000
0
225,000
14,000
7,600
145,000
37,000
37,500
37,900 84,200 706,400
52,000
0
225,000
14,000
7,600
0
145,000
37,000
37.500
Direct Deposit Fees
Uncollectible Accounts
Employee Benefit Fees
Patriotic Celebration
Adjustment of Sala¡ies
Unclassified Expenses
Mobile Trailer Tax
Indust¡ial Development
TOTÀL I]NCLASSITrcD 52,000 466,100 518.100
@
Budget for Recycling
Budget for Sheet Lighting
Budget for Senior Services
Budget for Transit Utility
Budget for Library
Budget for Museum
23,379,500
248,100
0
372,400
1,32s,900
1,753,600
544,700
0
245,800
609,200
12,000
35,000
0
10,955,100
132,300
0
152,900
932,500
719,400
264,000
0
103,100
308,900
900
2,700
0
3,176,500
424,200
30,000
18,700
r,896,200
468,200
50,400
59,700
12,800
36,100
13,700
139,600
0
7 57 ,900
0
I, I 56,100
58,200
40,300
1 68,600
87,800
0
26,600
3,700
14,300
70,500
0
565,500 2,260,600
100 7,900
0 34,0007,000 12,700
1 19,600 533,300
12,200 434,400
9,600 50,600
6,700 07,800 14,2007,800 28,900
300 14,'1007,300 47,700
00
615,900 41,711,000
182,600 995,200
0 1,220,100
0 561,900
6,600 4,854,400
2,300 3,558,7000 1,007,100
0 66,400
15,000 425,300
0 994,600
0 55,900
1,000 303,80000
Budget for Grand Opera House
Budget for Cemetery
Budget for Health Services
Budget for Leach Amphitheate¡
Budget for Pollock Comm Wtr Park
Budget for Equipment Fund
TOTAL OPERATINGBUDGET 28,466,200 13,571,800 6¡26,100 2,384,000 743,900 3,439,000 823.400 55.754.400
t24
crrY oF osrrKosH, wrscoNsrN
BUDGET FOR2OlO - REVENUES
25,597,997 26,605,67t
650,000 650,000
10,831 27 ,01222,190 23,251
109,626 I10,369
27,885,268 27,885,300
1,000,000
20,000
17,000
109,000
Exhibit A-28
28,786,800
1,000,000
13,000
17,000
109,000
l 18.000
TAXES LEYIED BY CITY
General Properfy Tax
Municipal Owned Utility
Snow Removal
Weed Cutting
Mobile Home Tax
Payment in Lieu of Taxes
TOTAL TA.XES LEVIEI)
Heating
Liquor License
Cigarette License
Sundry License
Electric Permits
Building Permits
PlumbingPermits
Flammable Tank Fees
Housing Fees
Code Seals & Plannning Fees
Zonng Ordina¡rces
TOTAL LICENSES & PERMITS
County Court
Police Department
Penalties
TOTAL FIIIES & COSTS
128.181 124.793 105.000 I 18.000
1,000,000
10,000
17,000
109,000
26,518,825 27,541,096
105,772
1 3 1,159
1 1,160
37,928
I 13,069
397,60t
104,047
1,055
3,660
t,735
55,809
1 16,070
123:188
11,207
38,246
1 05,1 05
308,884
99,299
500
3,660
1,230
51,453
29,126,268
90,000
125,000
1 1,000
38,000
100,000
300,000
90,000
1,000
3,200
1,000
50,000
29,149,300
75,000
125,000
10,000
38,000
100,000
250,000
75,000
500
4,000
700
46,000
30,043,800
90,000
125,000
10,000
38,000
100,000
250,000
90,000
2,000
3,200
700
46,000
962,995 859,442 809,200
281,500295,590 276,456
437,659 396,333 405,000
118.434 86.498 90.000
724,200
281,500
460,000
78,000
754,900
281,500
450,000
82.000
Town Aid - Cable TV
Town Ambulance Aid
Aid to Local Streets
Municipal Services
State Sha¡ed Aids
StateÆederal Emergency Assistance
State Aids-P arksÆorestry
State Aids - Fire
Aids-Police
State Computer Credit
Expenditure Reshaint
851,683
6,332
174,934
2,843,112
1,322,063
11,073,726
0
5,398
40,000
206,572
199,152
1,088.157
759,287
8,654
169,389
3,006,134
1,356,188
I 1,086,173
263,299
0
45,000
186,65 8
179,659
t,212,311
776,500
8,600
7t,340
3,035,000
1,245,000
tl,085,237
0
0
58,000
195,000
1 80,000
819,500
9,000
71,300
3,027,500
r,252,800
1 1,085,600
56,600
2,500
56,900
195,000
141,800
813,500
9,000
71,300
2,909,500
1,178,800
r0,779,700
0
0
56,000
195,000
135,000
t,217,300t,212,785 1,211,800
TOTÀL STATE & CO. AIDS
Interest on Investments
Interest on Special Assessessments
Rent
Sale of Land
16,959,446 17,513,465
t,t'10,963 946,940
223,292 209,897
2,041 2,084
00
17,090,362
900,000
2 I 0,000
75
0
17,110,800
725,000
210,000
100
0
16,551,600
75 1,000
210,000
100
0
TOTAL USE OF MONEY & PROP.1396,296 1,158,921 1,110,075 935,100 961,100
t25
Police Department Fees
Fire Deparknent Fees
Ambulance Fees
Engineering Fees
Street ServiceS
Electrical Department
Sign Department
Pa¡k Fees
City Clerk Fees
Community Development
Cable Access Fees
CATV Revenue
Xerox Charges
Properly Search
Haza¡dous Materials
Garbage Fees
TOTAL CHGS. FOR CI]R. SERV.
Approp. from Sinking Fund
TOTAL I]NCLASSIFIEI)
6,500 6,500
403,000 404,200
2,000 2,000
665,000 665,000
1,100 I,100
19,500 19,500
900 1,500
143,268
140,571
1,859,907
ts,694
59,178
45,t25
1,729
84,'167
6,239
353, I 88
I 0,180
658,070
2,338
28,710
0
88,958
154,018
116,204
2,101,344
108,t26
96,069
85,668
10,244
17,818
6,97 5
344,554
73,491
664,040
1,330
23,460
354
103,000
101,000
2,1 19,100
60,000
75,000
25,000
1,500
15,000
6,500
403,000
15,000
650,000
I,100
25,000
500
165,000
101,000
2,156,500
60,000
75,000
25,000
1,500
17,0Q0.
Exhibit A-28
I 15,000
109,800
2,160,000
60,000
75,000
25,000
1,500
17,000
26,724 21,000 20,000 20.000
3,497,916 3,770,419
202,961
291,059
589,092
536,981
127,300
1,755,997
2,00t,996
428,905
60,38 1
285,223
3,742,845
122,237
0
67,383
0
789,992
321,166
378,597
643,889
s94,004
130,800
1,747,363
2,145,399
436,706
65,052
284,969
3,786,668
127,980
0
74,390
0
385,318
3,62r,700
400,000
311,400
660,000
680,000
152,500
1,738,703
1,977,115
438,729
63,086
330,991
3,687,906
480,191
0
73,736
0
600,000
3,719,000
400,000
377,200
62 1,000
550,000
I 53,500
1,784,900
2,020,s00
566,100
63,100
33 1,000
3,690,300
480,200
0
73,700
0
600,000
3,683,100
400,000
323,500
633,400
350,000
158,100
1,843,000
2,023,000
t,0't7,200
61,000
375,400
3,699,900
6,000
233,400
73,800
583,300
600.000
Materials & Labor - Utilities
Sup./Admin. Labor-Utility
Accounting Services-Utilities
Equipment/Labor Rental - Recycling
Computer Services - Utilities
Water G.O. Bond Abatement
Sewer G.O. Bond Abatement
Storm G.O. Bond Abatement
Parking G.O. Bond Abatement
Ind. Dev. G.O. Bond Abatement
TIF Districts G.O. Bond Abatement
Golf Course G.O. BondAbatement
Cent¡e G.O. Bond Abatement
Cable TV G.O. Bond Abatement
Insurance Fund Rate Equalization
Engineering Fees-Consttruction
TOTAL INTER. DEP. REY.
Sundry Revenue
Bond Proceeds
11,002,352 11,062,901
77,583 220,121
30,000 30,000
200,000 200,000
tl,594,357
95,000
30,000
37s,000
11,651,500
148,400
30,000
375,000
12,441,000
I 10,000
30,000
375,000
307,583 450,127 500,000 553,400 515,000
TOTAL REYENUES 6L.497.096 63.115.652 64.628.462 64-662-800 6s-7(
126
CITY OF OSHKOSH EXHIBIT A-29
(1 oF 4)
2010 LEVY - 2009 TAX RATE
State
0.721o/o
City Tax
34.827%
Area Vocational
7.285o/o
PER $1,000
OF TAXES
County
23.585%
Area Schools
33.582%
State
Gounty
Area Schools
Area Vocational
City Tax
State Gredit
0.721 %
23.585
33.582
7.285
34.827
100.000 24.117 $
1.264
2009
TAX RATE
2008
TAX RATE
INCREASE
(DECREASE)
(0.01)
(0.04)
0.33
(0.01)
0.17
0.174
5.688
8.099
1.757
8.399
0.1 79
5.727
7.771
1.770
8.226
$ 22.853 $ 22.378
$ 0.44
(0.03)
0.47
23.673
1.295
1'2'.7
CITY OF OSHKOSH - REYENUES
SOURCE OF FUNDS
lnterest on
lnvestments /
Special
Assessments
1.460/o
lnterdepartmental
Charges
18 920/.
Licenses, Permits,
F¡nes
2.38%
Other State &
County Aids
2.50%
Aid to Local Streets
4 42%
WHERE THE MONEY COMES FROM AMOUNT
20,10
PER GENT
EXHIBIT A-29
(2 OF 4)
2009
PER CENT
INCREASE
(pEcREASE)
0.01 %
(0.00)
(0.00)
(0.01)
(0.00)
(0.00)
(0.00)
0.01
(0.00)
0.00
0.00
Property Tax Levy $ 28,786,800
Other Tax Revenue 1,257,100
State Expenditure Restraint Revenue I ,217,3O0
State Shared Revenue 10,779,700
Aid to LocalStreets 2,909,500
Other State & County Aids 1,645,100
Licenses, Permits, Fines 1,568,400
lnterdepartmental Charges 12,441 ,0OO
lnterest on lnvestments / Special Asser 961 ,000
Miscellaneous Revenue 515,000
Charges for Services 3,683,100
43.77%
1.91%
1.8s%
16.39%
4.42%
2.50%
238%
18.92%
1.460/o
0.78%
5.60%
43.15%
1.92%
1.88%
17.15o/o
4.70%
2.72%
245%
17.94%
1.72%
o.77%
5.60%
$ 65,764,000 100.00% % 100.00% %
128
CITY OF OSHKOSH - EXPENDITURES
USE OF FUNDS
EXHIBIT A-29
(s oF 4)
Community
Development
2.62%
Levy Support
10.48Yo
Parks
2.690/o
Transportation
1.07Yo
Debt Services
26.10%
Public Works
12.42o/o
Miscellaneous
0.79o/o
WHERE THE MONEY GOES
Fire and Ambulance
17.40%
AMOUNT
2010
PER CENT
2009
PER CENT
INCREASE
(pEGREASE)
Parks
Debt Services
Miscellaneous
Police
Transportation
Fire and Ambulance
General Government
Public Works
Community Development
Levy Support
1,769,300 2.690/0 2.68To 0.00 %
17,164,100 26j0% 26j9% (0.00)
518,100 0.79% 0.65% 0.00
11,456,600 17.42% 17.51o/o (0.00)
706,400 1.07% 1.06% 0.00
11,439,900 17.40o/o 17.27% 0.005,924,400 9.01% 9.22o/o (0.00)
8,170,500 12.42% 11.72% 0.011,725,800 2.62% 2.65% (0.00)
6,888,900 10.48% 11.05Vo (0.01)
$ 65,764,000 100.00% 100.00%
i29
CITY OF OSHKOSH EXHIBITI A-29
(4 OF 4)
2O1O BUDGET - HOW THE FUNDS ARE EXPENDED
Materials & Supplies
4.71%
Contractual Services
8.67o/o
Utilities
3.27o/o
Debt Retirement
23.53%
Payroll- lndirect
Labor
18.610/o
Payroll - Direct Labor
Agency Funds
Payroll - lndirect Labor
Fixed Gharges
Debt Retirement
Gontractual Services
Utilities
Materials & Supplies
GapitalOutlay
AMOUNT
$ 28,466,200
22,400
13,571,800
743,900
17,164,100
6,326,100
2,384,000
3,439,000
823,400
$ 72,940,900
PER CENT
39.03
0.03
18.61
1.02
23.53
8.67
3.27
4.71
1.13
100.00 %
130