HomeMy WebLinkAbout2011CAFRCity of Oshkosh
ANNUAL FINANCIAL REPORT
Including Auditor’s Report
For the fiscal year ending December 31, 2011
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2011
Table of Contents
INTRODUCTORY SECTION Page No.
Letter of Transmittal 1 - 3
Council Members and Principal Officers 4
The City 5 - 8
Oshkosh Unified School District 9
FINANCIAL SECTION
Independent Auditors' Report 10 - 11
Management's Discussion and Analysis 12 - 21
BASIC FINANCIAL STATEMENTS
Government-wide Financial Statements
Statement of Net Assets 22
Statement of Activities 23-24
Fund Financial Statements
Balance Sheet - Governmental Funds 25
Reconciliation of the Balance Sheet of Governmental Funds to the
Statement of Net Assets 26
Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds 27
Reconciliation of Statements of Revenues, Expenditures and Changes
in Fund Balances of Governmental Funds to the Statement of Activities 28
Statement of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual - General Fund 29
Statement of Net Assets - Proprietary Funds 30-31
Statement of Revenues, Expenses and Changes in Net Assets-Proprietary Funds 32-33
Statement of Cash Flows-Proprietary Funds 34-35
Statement of Net Assets-Fiduciary Funds 36
Notes to Basic Financial Statements 37-63
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2011
Table of Contents
REQUIRED SUPPLEMENTAL INFORMATION Page No.
Schedule of other Post Employment Benefit Information 64
Schedule of Employer Contributions 64
OTHER SUPPLEMENTAL INFORMATION
Combining Balance Sheet - Nonmajor Governmental Funds 65
Combining Balance Sheet - Nonmajor Special Revenue Funds 66-69
Combining Balance Sheet - Nonmajor Capital Project Funds 70-74
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Governmental Funds 75
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Special Revenue Funds 76-79
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Capital Projects Funds 80-84
Combining Statement of Net Assets-Nonmajor Other Proprietary Funds 85
Combining Statement of Revenues, Expenses and Changes in Fund Net Assets -
Nonmajor Other Proprietary Funds 86-87
Combining Statement of Cash Flows-Nonmajor Other Proprietary Funds 88-89
Combining Statement of Net Assets - Internal Service Funds 90
Combining Statement of Revenues, Expenses and Changes in Fund Net Assets
Internal Service Funds 91
Combining Statement of Cash Flows - Internal Service Funds 92
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2011
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 Exhibit No.Page No.
Financial Trends A-1 through A-5 93-99
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-10 100-104
These schedules contain information to help the reader assess the city's most
significant local revenue source, the property tax.
Debt Capacity A-11 through A-15 105-128
These schedules present information to help the reader assess the affordability
of the city'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-26 129-145
These schedules present information to help the reader understand the environment
within which the city's financial activities take place.
Operating Information A-27 through A-29 146-153
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 of Oshkosh
215 Church Ave., PO Box 1130
Oshkosh, WI 54903-1130
(920) 236-5000 (920) 236-5039 FAX
August 30, 2012
Honorable Mayor and Council Members,
City of Oshkosh:
The Annual Financial Report of the City of Oshkosh, Wisconsin, for the fiscal year ended
December 31, 2011, is submitted herewith. This report was prepared by the City’s Department
of Finance. Responsibility for both the accuracy of the presented data and the completeness and
fairness of the presentation, including all disclosures, rests with the City. We believe the data as
presented is accurate in all material respects; that it is presented in a manner 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 developing and modifying the City’s accounting system, consideration is given to the
adequacy of internal 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 financial statements and maintaining
accountability for assets.
The concept of reasonable 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 benefits requires estimates and judgment by management.
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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 overrun 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 31, 2011.
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. This data for the City of Oshkosh at the end of 2011 was:
RATIO OF DEBT TO DEBT
AMOUNT EQUALIZED VALUE PER CAPITA
Direct Bonded Debt $133,631,861 3.54% $2,022.18
Outstanding general obligation bonds at December 31, 2011 totaled $133,631,861 of
which $177,555 were issued for Parking Utility, $13,598,586 for Sewer Utility, $10,796,976 for
Water Utility, $3,130,912 for Industrial Park Fund, $388,513 for Transit System, $29,158 for the
Golf Course, $1,727,991 for Oshkosh Center, and $10,393,078 for Storm Water Utility.
On February 22, 2011, $8,490,000 of General Obligation Refunding Bonds, and
$6,350,000 of Taxable General Obligation Refunding Bonds, was sold at a net true interest rate
of 2.9117%, and 3.673% respectively. Also on October 11, 2011, $9,965,000 of General
Obligation Corporate Purpose Bonds, and $2,895,000 General Obligation Promissory Notes,
were sold at a net true interest rate of 3.4879%, and 2.3497% respectively.
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3
CITY OF OSHKOSH
COUNCIL MEMBERS AND PRINCIPAL OFFICERS
COUNCIL MEMBERS
Burk Tower, Mayor
Steven Herman, Deputy Mayor
Steve Cummings
Robert Poeschl
Debra Allison-Aasby
Thomas R. Pech Jr.
Jef Hall
PRINCIPAL OFFICERS
Mark A. Rohloff, City Manager
Peggy A. Steeno, Director of Finance
Tara J. Wendt, Assistant Director of Finance
ORGANIZATION CHART
City Council
&
Mayor
City
Manager
Director of
Finance
Assistant Director
of Finance
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THE CITY
The City 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 City of Chicago, Illinois, and 275 miles east of the cities of
Minneapolis and St. Paul, Minnesota. The corporate limits of the City encompass approximately
24.24 square miles and the population is currently 66,083.
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 City Council include: (i) enacting ordinances, resolutions and orders
necessary for the proper governing of the City’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 City 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 City Council and the expiration of their
respective terms of office are as follows:
Expiration
Name Title of Term
Burk Tower Mayor 2013
Steven Herman Deputy Mayor 2014
Steve Cummings Council Member 2014
Robert Poeschl Council Member 2013
Debra Allison-Aasby Council Member 2013
Thomas R. Pech, Jr. Council Member 2013
Jef Hall Council Member 2014
CITY ADMINISTRATION
Mayor Burk Tower was first elected to the City Council in April, 2004. He was elected
as Mayor of the City of Oshkosh in April, 2011. He is currently a member of the Redevelopment
authority, and a former member of the Grand Opera House Advisory Board, the Long Range
Finance Committee, the Convention & Visitors Bureau Board, the Oshkosh Housing authority,
and the Board of Health. Mr. Tower is also a Board Member of the Nicolet Waterways
Association and the Wisconsin Family Business Forum, as well as serving on a number of
committees for the Oshkosh Area United Way. He is past President of the Board of Oshkosh
Family, Inc. and the Jacob Shapiro PTA. He has been involved with both the Junior
Achievement Program and the Oshkosh Area School District Mentor Programs. Mr. Tower is a
recipient of the Oshkosh Area United Way “Life Service” Award and was named a 2004
“Wisconsin Idea Fellow” by the University of Wisconsin System for his community involvement
over the years.
Mr. Tower is a retired Professor of Management and Entrepreneurship in the College of Business
at the University of Wisconsin-Oshkosh where he was the recipient of the University’s
Distinguished Teaching Award.
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Mr. Tower received an undergraduate degree in business from the University of Cincinnati and
his Masters and Doctoral degrees in business from Indiana University.
Mr. Tower has been a resident of Oshkosh since 1977. He and his wife Chris live at 933
Starboard Court. They have four grown children and five grandchildren.
The City Manager, Mark A. Rohloff, is the Chief Executive Officer for the City of
Oshkosh and is responsible for planning, organizing, and directing the activities of the
municipality by interpreting the City Council determined policy, coordinating departmental
efforts, handling citizen inquiry and complaints, screening and preparing agenda materials, and
recommending legislation and policy matters. City 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 finance, organizational development, and long
range planning.
Prior to coming to Oshkosh, Mr. Rohloff was Town Administrator for Grand Chute,
Wisconsin; City Administrator Berlin, Wisconsin; Assistant City 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 Water 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 Water Utility in
Waukesha, Wisconsin. Prior to 1999, Peggy was the Finance Supervisor for the City of West
Allis, Wisconsin. In 1992, Peggy began her public sector career in Madison, Wisconsin at the
Wisconsin Department 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 earned a BA with a double major in
Managerial Accounting and German from the University of Wisconsin-Stevens Point. In
addition, Peggy is a Certified Public Accountant.
The Assistant Director of Finance, Tara Wendt, is responsible for supervising and
participating in all general, utility, and special accounting activities of the City. Prior to her
appointment as Assistant Director of Finance, Ms. Wendt was an Audit Manager for Schenck SC.
She began her career with Schenck SC in 2004 as a staff accountant where she progressed to
Audit Manager specializing in audits of government and not-for-profits. Ms. Wendt has a B.A.
with a major in Accounting and a minor in Finance from the University of Wisconsin – Oshkosh.
In addition, Tara is a Certified Public Account.
PRINCIPAL GOVERNMENTAL SERVICES PERFORMED BY THE CITY
Among the services it provides, the city maintains and oversees the capital budget
operations of police and fire departments, water and sewerage utilities, parking utility, a public
library, a museum, mass transit, planning and zoning, parks and recreation and public works
departments. Brief descriptions of these services are set forth below.
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POLICE DEPARTMENT – The Police Department, which is governed by a five member
Police and Fire Commission comprised of citizens appointed to five-year terms by the Mayor,
includes 99 sworn officers and 30 full and part-time civilian employees, 7 community service
officers, and 18 school crossing guards. The full-time mission of the Oshkosh Police Department
is to promote public safety and to enhance the quality of life in our community through
innovative policing and community partnerships.
FIRE DEPARTMENT – The Fire Department provides fire protection to residents within
the City and paramedic ambulance service to the City and surrounding communities. The Fire
Department, 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 department has 104 full-time
employees.
PUBLIC LIBRARY – The Oshkosh Public Library serves approximately 34,000
cardholders from Oshkosh and surrounding towns through the main library, library website, and
deposit collections. Over 300,000 items in the collections are checked out over 1,000,000 times
in a year and over 400,000 visits are made to the library. Pursuant to ch 43.54 of the Wis State
Statutes, a Library Board of Trustees governs 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 course.
MASS TRANSIT – The Transit System consists of 17 buses serving nine routes. The
buses travel over 417,000 miles annually and provide mobility for 1,029,800 passengers. The
system also provides a variety of specialized transportation services for the community. A seven-
member Transit Advisory Board governs activities of the Transit System.
PARKING UTILITY – The Parking Utility operates nineteen off-street parking lots,
containing 1,277 parking stalls. Spaces are leased on a monthly basis in thirteen of the City lots
consisting of 290 stalls. In 1987, a Business Improvement District was formed in the downtown
area. The BID assists in financing one of the downtown lots. A five-member commission
provides recommendations for the activities of the utility.
PUBLIC WORKS 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 sewers, water mains,
storm sewers, as well as construction management for these projects.
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The Street Division provides for maintenance of public roadways/alleys/parking lots, and
storm/sanitary sewers within those streets. Maintenance of storm sewer facilities includes
ditching and drainage work.
The Central Garage Division is responsible for repair, maintenance, and service of City
vehicles in twelve departments.
The Sanitation Division provides for collection of solid waste material for residential and
smaller commercial/industrial firms. Disposal of this solid waste is governed by agreements with
the Winnebago County Solid Waste Management Board. The Sanitation Division is also
responsible for the City’s recycling program.
The Water Utility operates a sixteen 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 fighting purposes. The source of water supply is Lake Winnebago.
Three underground reservoirs provide 2,500,000 gallons of water storage. Elevated storage
consists of two 750,000-gallon tanks, a 1,250,000-gallon tank and a 1,500,000-gallon tank. The
average daily pumpage is 6.508 mgd in 2010. The Water Distribution Division is in charge of
daily and emergency maintenance of all water mains, hydrants, services, and meters.
The Sewer Utility operates a 20 million gallon per day (MGD) Wastewater Treatment
Facility that provides secondary treatment and discharges the treated wastewater to the Fox River.
The 2011 average daily flow was 11.317 MGD.
DEPARTMENT OF TRANSPORTATION – The Department of Transportation
maintains and installs all signs, lighting systems and traffic signals for public streets, parks and
city buildings.
CITY EMPLOYEES
The City presently has approximately 514 full-time, 48 part-time, and 72 seasonal
employees. Of which 14 are officials or administrators, 41 are supervisors/managers, 198 are
involved in protective services. Certain groups of employees of the City, including Fire, Police,
and Transit Utility are organized into labor unions for purposes of conducting collective
bargaining with the City. Contracts are in effect through 2011. Substantially, all City employees
participate in the Wisconsin Retirement Fund. Pursuant 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 City pays the entire cost of the program for WRS classified police
officers, firefighters, and Transit employees per the State of Wisconsin Acts 10 and 32. All other
employees contribute the employees’ share of the WRS contribution. The City’s total
contribution to the Retirement Fund was $5,157,759.84 for the year ended December 31, 2011,
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 Departments. These individuals had been covered by a
private pension plan prior to the City joining the present plan. The City funds retirement
contributions to meet current benefit payments to retired employees. The total cost for the year
ended December 31, 2011 was $94,349.04.
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OSHKOSH UNIFIED 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 Unified 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 2011, 73.07% 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 (principal 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 office. The District owns and
operates two senior high schools, four charter schools, five middle schools and twelve
elementary schools.
The District has approximately 1,272 employees, both certified and non-certified.
The current enrollment has decreased by approximately 4.34% since the 2002-2011
school terms. The enrollment for the Unified School District for the past ten years is as follows:
Year Enrollment
2011/12 10,089
2010/11 10,213
2009/10 10,331
2008/09 10,335
2007/08 10,374
2006/07 10,299
2005/06 10,256
2004/05 10,304
2003/04 10,406
2002/03 10,547
In addition to Unified School District operated schools, there are nine private and
parochial schools (kindergarten through grade 12). There are approximately 1,223 students
enrolled in these private schools.
Fox Valley Technical College provides the vocational and technical education for City
residents and the Fox Valley area. Operations are funded through property tax levies of the
various municipalities of the District, including the City. The Technical College currently has
883.47 full-time equivalent students. The actual head count of students served is 5,460.
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FINANCIAL SECTION
INDEPENDENT AUDITORS’ REPORT
C, *W
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CPAs AND SO MUCH MORE.
INDEPENDENT AUDITORS' REPORT
To the Mayor and Common Council
City of Oshkosh
Oshkosh, Wisconsin
We have audited the accompanying financial statements of the governmental activities, the business-type
activities, the aggregate discretely presented component unit, each major fund, and the aggregate remaining fund
information of the City of Oshkosh ("the City") as of and for the year ended December 31, 2011, 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 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 Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An audit
includes consideration of internal control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
City's internal control over financial reporting. Accordingly, we express no such opinion. 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 the overall financial statement presentation. We believe that our audit provides a reasonable
basis for our opinions.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective
financial position of the governmental activities, the business-type activities, the aggregate discretely presented
component unit, each major fund, and the aggregate remaining fund information of the City as of December 31,
2011, and the respective changes in financial 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 America.
In accordance with Government Auditing Standards, we have also issued our report dated August 23, 2012, 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 reporting or on
compliance. That report is an integral part of an audit performed in accordance with Government Auditing
Standards and should be considered in assessing the results of our audit.
Its]
Appleton Fond du Lac Green Bay Manitowoc Milwaukee Oshkosh Sheboygan 1 Stevens Point Wausau
AGN 800-236-2246 schencksc.com
NtR9UON4L
Schenck
Accounting principles generally accepted in the United States of America require that the management's
discussion and analysis and the required supplemental information, as listed in the table of contents, be
presented to supplement the basic financial statements. Such information, although not a part of the basic
financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an
essential part of financial reporting for placing the basic financial statements in an appropriate operational,
economic, or historical context. We have applied certain limited procedures to the required supplementary
information in accordance with auditing standards generally accepted in the United States of America, which
consisted of inquiries of management about the methods of preparing the information and comparing the
information for consistency with management's responses to our inquiries, the basic financial statements, and
other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or
provide any assurance on the information because the limited procedures do not provide us with sufficient
evidence to express an opinion or provide any assurance.
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise
the City's financial statements as a whole. The introductory section, other supplemental information, and
statistical section, as listed in the table of contents, are presented for purposes of additional analysis and are not
a required part of the financial statements. The other supplemental information is the responsibility of
management and was derived from and relates directly to the underlying accounting and other records used to
prepare the financial statements. The information has been subjected to the auditing procedures applied in the
audit of the financial statements and certain additional procedures, including comparing and reconciling such
information directly to the underlying accounting and other records used to prepare the financial statements or to
the financial statements themselves, and other additional procedures in accordance with auditing standards
generally accepted in the United States of America. In our opinion, the information is fairly stated in all material
respects in relation to the financial statements as a whole. The introductory and statistical sections have not been
subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do
not express an opinion or provide any assurance on them.
-!~ a.., Q- ~ c-
Certified Public Accountants
Green Bay, Wisconsin
August 23, 2012
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MANAGEMENT’S DISCUSSION AND ANALYSIS
Management’s Discussion and Analysis
December 31, 2011
12
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, 2011. The analysis focuses on the City’s financial performance as a whole.
Financial Highlights
• The assets of the governmental activities of the City exceeded its liabilities as of December 31, 2011
and 2010 by $55,287,279 and $65,098,489 (net assets), respectively. Of this amount, $9,406,605
and ($7,027,497) (unrestricted net assets), respectively, may be used to meet the City’s ongoing
obligations to citizens and creditors.
• The City’s governmental activities net assets increased by $3,982,164 and $1,420,619, respectively.
Several factors contributed to the overall changes.
• The property tax rate rose 2.1% and 2.1%, respectively, per $1,000 of property value for the years
ended December 31, 2011 and 2010, respectively.
• As of December 31, 2011 and 2010, the City’s governmental funds reported combined ending fund
balances of $44,373,412 and $41,310,113 (as restated), an increase of $3,063,299 for 2011 and an
increase of $6,676,176 for 2010. Approximately 19% and 44% of this total amount, $8,548,466 and
$11,306,618 is available for spending at the City’s discretion (assigned and unassigned fund
balance), respectively.
• As of December 31, 2011 and 2010, unassigned fund balance for the general fund was $8,520,110
and $8,090,093, or approximately 20% and 20% of total general fund expenditures, respectively.
• The City’s total general-obligation debt increased by $1,678,984 (1.3%) during 2011. The key factor
in this increase was the issuance of $27,700,000 of general obligation debt and $26,021,016 of
principal payments of general obligation debt.
• The City’s total general-obligation debt increased by $2,295,624 (1.8%) during 2010. The key factor
in this increase was the issuance of $34,586,068 of general obligation debt and $32,290,444 of
principal payments of general obligation debt.
• 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 required supplemental information and other supplemental information in
addition to the basic financial 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 statement of net assets presents information on all of the City’s assets and liabilities, with the
difference between the two reported as net assets. 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 statement 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 flows. Thus, revenues and expenses are
reported in this statement for some items that will only result in cash flows in future fiscal periods. (e.g.,
earned but unused vacation leave.)
Management’s Discussion and Analysis
December 31, 2011
13
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 (business-
type activities). The governmental activities of the City include: general government, public safety, public
works, health and welfare, parks and recreation, transportation and community development. The
business-type activities of the City include mass transit services, water utility, sewer utility, parking utility,
redevelopment project, industrial park, golf course, and storm water utility.
The government-wide financial statements include not only the City itself (known as the primary
government), but also a legally separate Redevelopment Authority for which the City is financially
accountable. Financial information for the component unit is 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. Governmental funds are used to account for essentially the same functions
reported as governmental activities in the government-wide financial statements. However, unlike the
government-wide financial statements, governmental fund financial statements focus on near-term inflows
and outflows of spendable resources, as well as on balances of spendable 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 governmental funds 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 governmental
funds and governmental activities.
The City maintains 60 individual governmental funds. Information 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, debt service fund, and special assessment improvement
capital projects fund which are considered to be major funds. Data from the other 57 governmental funds
are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor
governmental funds is provided in the form of combining statements elsewhere in this report. As of
January 1, 2011, the City reclassified the Grand Opera House and TIF District funds from enterprise
funds to capital projects funds.
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. Enterprise funds are
used to report the same functions presented as business-type activities in the government-wide financial
statements. The City maintains 10 individual enterprise funds. Internal service 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 government-wide financial statements.
Management’s Discussion and Analysis
December 31, 2011
14
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, sewer utility, and storm water utility, all of which are considered to be major funds of the City.
Data from the other six enterprise funds are combined into a single, aggregated presentation. Individual
fund data for each of these nonmajor enterprise funds is provided in the form of combining statements
elsewhere in this report. The four internal service funds are combined into a single, aggregated
presentation in the proprietary fund financial statements. Individual fund data for the internal service
funds is provided in the form of combining statements elsewhere in this report.
Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside
the government. Fiduciary funds are not reflected in the government-wide financial statements because
the resources of those funds are not available to support the City’s own programs. The accounting used
for fiduciary 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 Analysis
Net assets. As noted earlier, net assets may serve over time as a useful indicator of a government’s
financial position. In the case of the City, assets exceeded liabilities by $198,500,415 and $211,346,941
at the close of 2011 and 2010, respectively.
Governmental Business-type
Activities Activities Total
2011 2011 2011
Current and other assets 103,513,793$ 53,592,713$ 157,106,506$
Capital assets 112,618,440 226,571,444 339,189,884
Total assets 216,132,233 280,164,157 496,296,390
Long-term liabilities outstanding 100,980,580 118,338,093 219,318,673
Other liabilities 59,864,374 18,612,928 78,477,302
Total liabilities 160,844,954 136,951,021 297,795,975
Net assets:
Invested in capital assets, net of related debt 19,229,355 101,773,674 121,003,029
Restricted 26,651,319 - 26,651,319
Unrestricted 9,406,605 41,439,462 50,846,067
Total net assets 55,287,279$ 143,213,136$ 198,500,415$
City of Oshkosh's Net Assets
Management’s Discussion and Analysis
December 31, 2011
15
Governmental Business-type
Activities Activities Total
2010 2010 2010
Current and other assets 73,336,400$ 73,467,283$ 146,803,683$
Capital assets 111,630,525 232,889,047 344,519,572
Total assets 184,966,925 306,356,330 491,323,255
Long-term liabilities outstanding 69,684,740 136,870,365 206,555,105
Other liabilities 50,183,696 23,219,513 73,403,209
Total liabilities 119,868,436 160,089,878 279,958,314
Net assets:
Invested in capital assets, net of related debt 59,344,634 116,520,471 175,865,105
Restricted 12,781,352 - 12,781,352
Unrestricted (7,027,497) 29,745,981 22,718,484
Total net assets 65,098,489$ 146,266,452$ 211,364,941$
City of Oshkosh's Net Assets
By far the largest portion of the City’s net assets (61%) and (83%), respectively, reflects its investment in
capital assets (e.g. 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 (14%) and (6%), respectively, represents resources that are
subject to external restrictions on how they may be used. The remaining balance of unrestricted net
assets ($50,846,067) and ($22,718,484), respectively, may be used to meet the City’s ongoing
obligations to citizens and creditors.
Management’s Discussion and Analysis
December 31, 2011
16
Change in net assets. Governmental activities increased the City’s net assets by $3,982,164 in 2011
and by $1,420,619 in 2010. Business-type activities increased the City’s net assets by $2,352,394 in
2011 and by $9,744,967 in 2010. Total net assets of the City increased in 2011 by $6,334,558 and in
2010 by $11,165,586. Key elements of this change are as follows:
Governmental Business-type
Activities Activities Total
2011 2011 2011
Revenues:
Program revenues:
Charges for services 10,885,311$ 28,613,381$ 39,498,692$
Operating grants and contributions 6,428,168 2,862,158 9,290,326
Capital grants and contributions 6,057,270 1,816,885 7,874,155
General revenues
Property and other taxes 36,060,801 888,750 36,949,551
Grants and contributions not restricted to
specific programs 13,227,462 - 13,227,462
Other 1,527,037 640,574 2,167,611
Total revenues 74,186,049 34,821,748 109,007,797
Expenses:
General government 6,579,998 - 6,579,998
Public safety 25,344,065 - 25,344,065
Public works 15,786,739 - 15,786,739
Health and welfare 1,396,562 - 1,396,562
Park and recreation 9,076,401 - 9,076,401
Transportation 728,496 - 728,496
Community development 9,376,637 - 9,376,637
Unclassified 606,496 - 606,496
Interest of long-term debt 3,463,336 - 3,463,336
Transit utility - 4,945,229 4,945,229
Water utility - 10,352,077 10,352,077
Sewer utility - 8,851,545 8,851,545
Storm water utility - 4,171,390 4,171,390
Other - 1,994,268 1,994,268
Total expenses 72,358,730 30,314,509 102,673,239
Transfers 2,154,845 (2,154,845) -
Total expenses and transfers 70,203,885 32,469,354 102,673,239
Change in net assets 3,982,164 2,352,394 6,334,558
Net assets - January 1, 2011 65,098,489 146,266,452 211,364,941
Prior period adjustment (13,793,374) (5,405,710) (19,199,084)
Net assets - January 1, 2011, restated 51,305,115 140,860,742 192,165,857
Net assets - December 31, 2011 55,287,279$ 143,213,136$ 198,500,415$
City of Oshkosh's Change in Net Assets
Management’s Discussion and Analysis
December 31, 2011
17
Governmental Business-type
Activities Activities Total
2010 2010 2010
Revenues:
Program revenues:
Charges for services 15,267,887$ 25,826,399$ 41,094,286$
Operating grants and contributions 5,257,764 4,720,484 9,978,248
Capital grants and contributions - 3,030,390 3,030,390
General revenues
Property and other taxes 29,236,561 8,148,457 37,385,018
Grants and contributions not restricted to
specific programs 13,454,777 - 13,454,777
Other 1,299,950 350,261 1,650,211
Total revenues 64,516,939 42,075,991 106,592,930
Expenses:
General government 6,391,836 - 6,391,836
Public safety 23,653,443 - 23,653,443
Public works 14,880,323 - 14,880,323
Health and welfare 1,017,262 - 1,017,262
Park and recreation 8,558,050 - 8,558,050
Transportation 685,570 - 685,570
Community development 4,903,810 - 4,903,810
Unclassified 551,791 - 551,791
Interest of long-term debt 2,217,235 - 2,217,235
Transit utility - 4,800,584 4,800,584
Water utility - 11,296,626 11,296,626
Sewer utility - 8,493,557 8,493,557
Storm water utility 2,776,140 2,776,140
Other - 5,201,117 5,201,117
Total expenses 62,859,320 32,568,024 95,427,344
Transfers (237,000) 237,000 -
Total expenses and transfers 63,096,320 32,331,024 95,427,344
Increase in net assets 1,420,619 9,744,967 11,165,586
Net assets - January 1, 2010 63,677,870 136,521,485 200,199,355
Net assets - December 31, 2010 65,098,489$ 146,266,452$ 211,364,941$
City of Oshkosh's Change in Net Assets
• Property and other taxes decreased by $435,467 (1.2%) in 2011 and increased by $1,371,055 (3.8%)
in 2010.
Management’s Discussion and Analysis
December 31, 2011
18
Financial Analysis of the City’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 spendable resources. Such information is useful in assessing the
City’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of
the City’s net resources available for spending at the end of the fiscal year.
As of December 31, 2011 and 2010, the City’s governmental funds reported combined ending fund
balances of $44,373,412 and $41,310,113 (as restated), an increase of $3,063,299 in 2011.
Approximately 62% or ($27,529,358) of this total is restricted due to external limitations on its use. These
include construction of capital assets for $12,466,838, debt service costs of $3,827,124, special purposes
of $3,619,623 and trust agreements of $7,615,773. Fund balance of $7,822,388 and $20,117 is
considered nonspendable because it has been used for cash advances to other funds and inventory and
prepaid items, respectively. Fund balances of approximately 17% or ($7,509,644) has been committed or
assigned, meaning there are limitations resulting from its intended use. Committed funds totaling
$453,083 are for special purposes. The assigned uses include construction of assets ($6,368,873), and
for subsequent years spending ($687,688). The remaining balance of approximately 3% or ($1,491,905)
constitutes unassigned fund balance, which is available for spending at the City’s discretion.
The general fund is the chief operating fund of the City. At the end of 2011 and 2010, unassigned fund
balance of the general fund was $8,520,110 and $8,090,093, respectively, while total fund balance
reached $9,708,106 and $8,871,437, respectively. As a measure of the general fund’s liquidity, it may be
useful to compare both unassigned fund balance to total fund expenditures. Unassigned fund balance
represents 20% and 20% of total general fund expenditures.
The fund balance of the City’s general fund increased by $836,669 as revenues exceeded budget
expectations.
The debt service fund has a total fund balance of $878,039, an increase of $75,394 from the prior 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 2011 and 2010 amounted to
$41,439,462 and $29,745,981, respectively. Net assets increased $2,352,394 in 2011. The City also
reclassified storm water capital assets from governmental activities to the storm water fund as of January
1, 2011. The net book value of the assets reclassified totaled $9,334,681.
Other factors concerning the finances of these funds have already been addressed in the discussion of
the City’s business-type activities.
General Fund Budgetary Highlights
Generally the original budget is rarely modified.
During 2011, actual revenues exceeded budgeted revenues by $1,600,729, primarily in charges for
services. Actual expenditures were less than budgeted expenditures by $175,131 in 2011, but this was
offset by other financing sources being under budget by $171,091.
Management’s Discussion and Analysis
December 31, 2011
19
Capital Asset and Debt Administration
Capital assets. The City’s investment in capital assets for its governmental and business-type activities
as of December 31, 2011 amounted to $339,189,884 (net of accumulated depreciation). 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 $23,938,889 or 8% for 2011.
Major capital asset acquired or constructed during the years ended 2011 and 2010, as restated, include:
• The governmental activities constructed streets in the amount of $5,452,961, purchased land in the
amount of $615,234, vehicles in the amount of $1,171,025 and building improvements and contents
in the amount of $2,038,262.
• The business-type activities purchased additional land and improvements in the amount of $509,882,
and improvements to water, sewer and storm water utilities in the amount of $24,930,894.
• On January 1, 2011, the City changed its accounting for the Grand Opera House and TIF District
funds reclassifying them from business-type activities to governmental activities. As a result of the
reclassification Grand Opera House capital assets ($4,007,064 net of accumulated depreciation)
were transferred from business-type activities to governmental activities. The TIF District
reclassification resulted in a decrease of business-type activity land ($22,556,967), but it was
determined that TIF District capital assets duplicated capital assets already recorded in governmental
activities, therefore no corresponding increase to governmental activities was recorded. The City also
reclassified certain storm water capital assets from governmental activities ($9,334,681 net of
accumulated depreciation) to business-type activities.
Governmental Business-type
Activities Activities Total
2011 2011 2011
Land 17,571,718$ 8,611,091$ 26,182,809$
Construction in progress - 31,831,548 31,831,548
Buildings and systems 35,105,542 172,259,921 207,365,463
Machinery and equipment 22,468,465 13,868,884 36,337,349
Infrastructure 37,472,715 - 37,472,715
Total 112,618,440$ 226,571,444$ 339,189,884$
City of Oshkosh's Capital Assets
Management’s Discussion and Analysis
December 31, 2011
20
Governmental Business-type
Activities Activities Total
2010 2010 2010
Land 16,956,484$ 8,101,209$ 25,057,693$
Construction in progress - 38,299,334 38,299,334
Buildings and systems 35,545,214 150,006,389 185,551,603
Machinery and equipment 21,781,456 12,541,155 34,322,611
Infrastructure 32,019,754 - 32,019,754
Total 106,302,908$ 208,948,087$ 315,250,995$
City of Oshkosh's Capital Assets (As restated)
Long-term debt. At the end of 2011 and 2010, the City had total bonded debt outstanding of
$221,655,538 and $209,829,929, respectively. Of this amount, $133,631,861 and $131,952,877,
respectively, comprises debt backed by the full faith and credit of the government. The remainder of the
City’s debt represents bonds secured solely by specified revenue sources (i.e., revenue bonds).
Governmental Business-type
Activities Activities Total
2011 2011 2011
General obligations debt:
Bonds and notes 93,389,085$ 40,242,776$ 133,631,861$
Total general obligation debt 93,389,085 40,242,776 133,631,861
Revenue bonds - 88,033,677 88,033,677
Total 93,389,085$ 128,276,453$ 221,665,538$
City of Oshkosh's Outstanding Debt
Governmental Business-type
Activities Activities Total
2010 2010 2010
General obligations debt:
Bonds and notes 60,930,316$ 71,022,561$ 131,952,877$
Total general obligation debt 60,930,316 71,022,561 131,952,877
Revenue bonds - 77,877,052 77,877,052
Total 60,930,316$ 148,899,613$ 209,829,929$
City of Oshkosh's Outstanding Debt
The City’s total debt increased by $11,835,609 (5.6%) in 2011 and by $28,899,528 (16.0%) in 2010.
The City maintains an Aa2 rating from Moody’s Investors Service for its general obligation debt.
Management’s Discussion and Analysis
December 31, 2011
21
State statutes limit the amount of general obligation debt the City may issue to 5% of its total equalized
valuation. The debt limitation for 2011 and 2010 for the City was $188,804,295 and $188,971,890,
respectively, which is significantly in excess of the City’s $133,631,861 and $131,952,877 outstanding
general obligation debt.
Economic Factors and Next Year’s Budgets and Rates
• The economic condition and outlook of the City has remained fairly stable based on a relatively
healthy mix of manufacturing, tourism, service industry and retail activities which support our tax
base.
• Inflationary trends in our region compare favorably to national indices.
All of these factors were considered in preparing the City’s budget for the 2012 fiscal year.
Contacting the City’s Financial Management
This financial report is designed to provide a general overview of the City’s finances for all those with an
interest in the City’s finances. Questions concerning any of the information provided in this report or
requests for additional financial information should be addressed to Peggy Steeno, Director of Finance,
City of Oshkosh, P. O. Box 1130, Oshkosh, Wisconsin 54903-1130.
BASIC FINANCIAL STATEMENTS
22
Component Unit
Governmental Business-type Redevelopment
Activities Activities Total Authority
ASSETS
Cash and investments 42,819,530$ 18,166,819$ 60,986,349$ 2,897,361$
Receivables
Taxes 37,010,335 764,400 37,774,735 -
Special assessments 5,059,577 - 5,059,577 -
Accounts, net 11,219,277 10,220,152 21,439,429 123,332
Loans 3,662,817 - 3,662,817 -
Internal balances 3,742,257 (3,742,257) - -
Due from other governments - 74,323 74,323 -
Property held for resale - 6,711,609 6,711,609 -
Inventories and prepaid items - 806,786 806,786 -
Restricted cash and investments - 20,515,231 20,515,231 636,000
Capital assets
Land and construction in progress 17,571,718 40,442,639 58,014,357 17,720,778
Other capital assets, net of accumulated
depreciation 95,046,722 186,128,805 281,175,527 -
Interest receivable - 60,722 60,722 -
Deferred charges and deposits - 14,928 14,928 -
TOTAL ASSETS 216,132,233 280,164,157 496,296,390 21,377,471
LIABILITIES
Accounts payable 5,548,198 6,114,278 11,662,476 -
Accrued expenses 3,088,070 - 3,088,070 -
Accrued interest payable 705,352 1,804,380 2,509,732 -
Due to other governments 3,547,266 80,360 3,627,626 -
Unearned revenues 37,082,915 766,425 37,849,340 -
Deposits 1,323,019 20,400 1,343,419 14,843
Long-term obligations
Due within one year 8,569,554 9,827,085 18,396,639 -
Due in more than one year 100,980,580 118,338,093 219,318,673 6,186,374
TOTAL LIABILITIES 160,844,954 136,951,021 297,795,975 6,201,217
NET ASSETS
Invested in capital assets, net of
related debt 19,229,355 101,773,674 121,003,029 11,534,404
Restricted for
Construction of assets 12,466,838 - 12,466,838 -
Debt service 2,949,085 - 2,949,085 636,000
Special purposes 3,619,623 - 3,619,623 -
Trust agreements 7,615,773 - 7,615,773 -
Unrestricted 9,406,605 41,439,462 50,846,067 3,005,850
TOTAL NET ASSETS 55,287,279$ 143,213,136$ 198,500,415$ 15,176,254$
The notes to the basic financial statements are an integral part of this statement.
CITY OF OSHKOSH, WISCONSIN
Statement of Net Assets
December 31, 2011
Primary Government
23
CITY OF OSHKOSH, WISCONSIN
Statement of Activities
For the Year Ended December 31, 2011
Program Revenues
Operating Capital
Charges for Grants and Grants and
Functions/Programs Expenses Services Contributions Contributions
Primary government:
Governmental Activities
General government 6,579,998$ 2,364,086$ -$ -$
Public safety 25,344,065 3,909,146 738,849 -
Public works 15,786,739 3,637,583 3,186,703 1,655,697
Health and welfare 1,396,562 120,859 223,732 -
Parks and recreation 9,076,401 806,739 1,532,352 4,401,573
Transportation 728,496 - - -
Community development 9,376,637 46,898 746,532 -
Unclassified 606,496 - - -
Interest on debt 3,463,336 - - -
Total Governmental Activities 72,358,730 10,885,311 6,428,168 6,057,270
Business-type Activities
Transit utility 4,945,229 977,045 2,862,158 123,041
Water utility 10,352,077 11,883,928 - 338,748
Sewer utility 8,851,545 9,734,441 - 455,718
Storm water utility 4,171,390 4,127,079 - 758,514
Other 1,994,268 1,890,888 - 140,864
Total Business-type Activities 30,314,509 28,613,381 2,862,158 1,816,885
Total primary government 102,673,239$ 39,498,692$ 9,290,326$ 7,874,155$
Component unit:
Redevelopment authority 428,830$ -$ 1,247,669$ -$
General revenues
Property taxes, levied for general purposes
Property taxes, levied for debt service
Property taxes, levied for capital projects
Other taxes
State and federal aids not restricted to specific
functions
Interest and investment earnings
Gain on sale of capital assets
Miscellaneous
Transfers
Total general revenues and transfers
Change in net assets
Net assets - January 1
Prior period adjustment
Net assets - January 1, as restated
Net assets - December 31
The notes to the basic financial statements are an integral part of this statement.
24
Component
Primary Government Unit
Governmental Business-type Redevelopment
Activities Activities Total Authority
(4,215,912)$ -$ (4,215,912)$ -$
(20,696,070) - (20,696,070) -
(7,306,756) - (7,306,756) -
(1,051,971) - (1,051,971) -
(2,335,737) - (2,335,737) -
(728,496) - (728,496) -
(8,583,207) - (8,583,207) -
(606,496) - (606,496) -
(3,463,336) - (3,463,336) -
(48,987,981) - (48,987,981) -
- (982,985) (982,985) -
- 1,870,599 1,870,599 -
- 1,338,614 1,338,614 -
- 714,203 714,203 -
- 37,484 37,484 -
- 2,977,915 2,977,915 -
(48,987,981) 2,977,915 (46,010,066) -
- - - 818,839
11,910,812 888,750 12,799,562 -
16,623,050 - 16,623,050 -
7,135,091 - 7,135,091 -
391,848 - 391,848 -
13,227,462 - 13,227,462 -
585,859 212,089 797,948 1,239
88,877 428,485 517,362 -
852,301 - 852,301 -
2,154,845 (2,154,845) - -
52,970,145 (625,521) 52,344,624 1,239
3,982,164 2,352,394 6,334,558 820,078
65,098,489 146,266,452 211,364,941 14,356,176
(13,793,374) (5,405,710) (19,199,084) -
51,305,115 140,860,742 192,165,857 14,356,176
55,287,279$ 143,213,136$ 198,500,415$ 15,176,254$
Net (Expense) Revenue and Changes in Net Assets
25
Special Other Total
Debt Assessment Governmental Governmental
General Service Improvement Funds Funds
ASSETS
Cash and investments 3,454,676$ 878,039$ -$ 33,922,943$ 38,255,658$
Receivables
Taxes 7,031,719 16,758,200 - 13,200,016 36,989,935
Special assessments 255,263 - 4,804,314 - 5,059,577
Accounts, net 7,377,953 - - 3,814,882 11,192,835
Loans - - - 3,662,817 3,662,817
Due from other funds 1,655,634 - - 8,466,204 10,121,838
TOTAL ASSETS 19,775,245$ 17,636,239$ 4,804,314$ 63,066,862$ 105,282,660$
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable 707,467$ -$ 563$ 4,831,063$ 5,539,093$
Accrued payroll liabilities 2,288,070 - - - 2,288,070
Due to other funds 61,535 - 4,241,322 2,076,724 6,379,581
Due to other governments - - - 3,547,266 3,547,266
Deferred revenues 7,008,299 16,758,200 4,769,704 13,296,016 41,832,219
Deposits 1,768 - 1,169,907 151,344 1,323,019
Total Liabilities 10,067,139 16,758,200 10,181,496 23,902,413 60,909,248
Fund Balances
Nonspendable
Inventories and prepaid items 20,117 - - - 20,117
Receivables from other
funds 480,191 - - 7,342,197 7,822,388
Restricted for
Construction of assets - - - 12,466,838 12,466,838
Debt service - 878,039 - 2,949,085 3,827,124
Special purposes - - - 3,619,623 3,619,623
Trust agreements - - - 7,615,773 7,615,773
Committed to
Special purposes - - - 453,083 453,083
Assigned to
Construction of assets - - - 6,368,873 6,368,873
Subsequent year's budget 687,688 - - - 687,688
Unassigned 8,520,110 - (5,377,182) (1,651,023) 1,491,905
Total Fund Balances 9,708,106 878,039 (5,377,182) 39,164,449 44,373,412
TOTAL LIABILITIES AND
FUND BALANCES 19,775,245$ 17,636,239$ 4,804,314$ 63,066,862$ 105,282,660$
The notes to the basic financial statements are an integral part of this statement.
CITY OF OSHKOSH, WISCONSIN
Balance Sheet
Governmental Funds
December 31, 2011
26
Reconciliation to the Statement of Net Assets
Total Fund Balance - Total Governmental Funds 44,373,412$
Amounts reported for governmental activities in the statement of net assets are different because:
112,618,440
4,769,704
3,781,209
Bonds and notes payable (93,389,085)$
Unfunded pension liability (10,049,166)
Employee benefits (6,111,883)
Accrued interest on long-term obligations (705,352) (110,255,486)
Net Assets of Governmental Activities 55,287,279$
The notes to the basic financial statements are an integral part of this statement.
Internal service funds are used by management to charge the costs of certain
activities, such as risk management to individual funds. The assets and
liabilities of the internal services funds are included in governmental activities
in the statement of net assets.
Long-term liabilities, including bonds and notes payable, are not due and
payable in the current period and, therefore, are not reported in the funds. The
details of this difference are as follows:
CITY OF OSHKOSH, WISCONSIN
Balance Sheet (Continued)
Governmental Funds
December 31, 2011
Capital assets used in governmental activities are not financial resources and,
therefore are not reported in the funds.
Other long-term assets are not available to pay for current period expenditures
and, therefore, are deferred in the funds. Special assessments account for this
difference.
27
Special Other Total
Debt Assessment Governmental Governmental
General Service Improvement Funds Funds
Revenues
Taxes 7,122,009$ 16,263,050$ -$ 12,655,091$ 36,040,150$
Special assessments - - 138,950 152,350 291,300
Intergovernmental 16,619,740 - - 2,663,964 19,283,704
Licenses and permits 1,522,972 - - 380,501 1,903,473
Fines and forfeits 697,601 - - - 697,601
Public charges for services 3,719,216 - - 1,444,473 5,163,689
Intergovernmental charges for services 3,240,651 - - - 3,240,651
Miscellaneous 686,540 18,521 - 5,705,110 6,410,171
Total Revenues 33,608,729 16,281,571 138,950 23,001,489 73,030,739
Expenditures
Current
General government 6,029,646 - - - 6,029,646
Public safety 23,651,888 - - 159,066 23,810,954
Public works 7,827,715 - - 1,876,942 9,704,657
Health and welfare - - - 1,393,121 1,393,121
Parks and recreation 1,928,477 - - 5,702,717 7,631,194
Transportation 728,496 - - - 728,496
Community development 1,657,140 - - 2,120,718 3,777,858
Unclassified 606,496 - - - 606,496
Debt service
Principal - 5,726,122 - 2,099,164 7,825,286
Interest and fiscal charges 68,611 2,362,867 - 1,041,563 3,473,041
Capital outlay - - 3,619,560 16,278,303 19,897,863
Total Expenditures 42,498,469 8,088,989 3,619,560 30,671,594 84,878,612
Excess of Revenues Over (Under)
Expenditures (8,889,740) 8,192,582 (3,480,610) (7,670,105) (11,847,873)
Other Financing Sources (Uses)
Long-term debt issued 59,336 2,669,763 - 19,995,901 22,725,000
Payment to refunding escrow agent - (2,511,454) - (7,457,219) (9,968,673)
Transfers in 9,923,656 - - 3,500,928 13,424,584
Transfers out (256,583) (8,275,497) - (2,737,659) (11,269,739)
Total Other Financing Sources (Uses)9,726,409 (8,117,188) - 13,301,951 14,911,172
Net Change in Fund Balances 836,669 75,394 (3,480,610) 5,631,846 3,063,299
Fund Balances (Deficit) - January 1 8,871,437 802,645 (1,896,572) 32,506,876 40,284,386
Prior period adjustment - - - 1,025,727 1,025,727
Fund Balances (Deficit) - January 1,
restated 8,871,437 802,645 (1,896,572) 33,532,603 41,310,113
Fund Balances (Deficit) - December 31 9,708,106$ 878,039$ (5,377,182)$ 39,164,449$ 44,373,412$
The notes to the basic financial statements are an integral part of this statement.
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balances
Governmental Funds
For the Year Ended December 31, 2011
28
Governmental Funds
Net Change in Fund Balances - Total Governmental Funds 3,063,299$
Amounts reported for governmental activities in the statement of activities are different because:
Capital outlay reported in governmental fund statements 13,953,609$
Depreciation expense reported in the statement of activities (7,623,082)
Amount by which capital outlays are greater than depreciation in
current period 6,330,527
(14,995)
(449,913)
1,117,672
(1,143,090)
(22,725,000)
17,793,959
9,705
Change in Net Assets of Governmental Activities 3,982,164$
The notes to the basic financial statements are an integral part of this statement.
CITY OF OSHKOSH, WISCONSIN
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:
Reconciliation of the Statement of Activities
For the Year Ended December 31, 2011
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.
Statement of Revenues, Expenditures and Changes in Fund Balances (Continued)
In governmental funds the entire proceeds, if any, from the disposal of
capital assets is reported as an other financing source. In the statement
of activities only the gain (or loss) on the disposal is reported.
Internal service funds are used by management to charge the costs of
certain activities to individual funds. The net revenue (expense) 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. In the statement of net assets, however, debt
constitute a long-term liability. The amount of debt reported in the
governmental funds statement is:
Interest 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:
Revenues in the statement of activities that do not provide current
financial resources are not reported as revenues in the funds.
29
Variance with
Final Budget -
Positive
Original Final Actual (Negative)
Revenues
Taxes 7,033,800$ 7,033,800$ 7,122,009$ 88,209$
Intergovernmental 16,572,800 16,572,800 16,619,740 46,940
Licenses and permits 1,438,300 1,438,300 1,522,972 84,672
Fines and forfeits 800,000 800,000 697,601 (102,399)
Public charges for services 3,101,200 3,101,200 3,719,216 618,016
Intergovernmental charges for services 2,444,500 2,444,500 3,240,651 796,151
Miscellaneous 617,400 617,400 686,540 69,140
Total Revenues 32,008,000 32,008,000 33,608,729 1,600,729
Expenditures
Current
General government 6,024,900 6,024,900 6,029,646 (4,746)
Public safety 23,693,800 23,693,800 23,651,888 41,912
Public works 8,062,100 8,062,100 7,827,715 234,385
Parks and recreation 1,918,800 1,918,800 1,928,477 (9,677)
Transportation 722,000 722,000 728,496 (6,496)
Community development 1,739,900 1,739,900 1,657,140 82,760
Unclassified 469,600 469,600 606,496 (136,896)
Debt service
Interest and fiscal charges 42,500 42,500 68,611 (26,111)
Total Expenditures 42,673,600 42,673,600 42,498,469 175,131
Excess of Revenues Over (Under) Expenditures (10,665,600) (10,665,600) (8,889,740) 1,775,860
Other Financing Sources:
Long-term debt issued 431,600 431,600 59,336 (372,264)
Transfers in 9,465,900 9,465,900 9,923,656 457,756
Transfers out - - (256,583) (256,583)
Total Other Financing Sources 9,897,500 9,897,500 9,726,409 (171,091)
Net Change in Fund Balance (768,100) (768,100) 836,669 1,604,769
Fund Balance - January 1 8,871,437 8,871,437 8,871,437 -
Fund Balance - December 31 8,103,337$ 8,103,337$ 9,708,106$ 1,604,769$
The notes to the basic financial statements are an integral part of this statement.
Budgeted Amounts
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balance
Budget and Actual
General Fund
For the Year Ended December 31, 2011
THIS PAGE INTENTIONALLY LEFT BLANK
30
CITY OF OSHKOSH, WISCONSIN
Statement of Net Assets
Proprietary Funds
December 31, 2011
Enterprise Funds
Transit Water Sewer
Utility Utility Utility
ASSETS
Current Assets
Cash and investments 891,727$ 6,588,387$ 5,007,021$
Receivables
Accounts 310,112 4,440,619 3,562,854
Taxes 764,400 - -
Due from other funds - 653,885 49,221
Due from other governments 74,323 - -
Property held for resale - - -
Inventories and prepayments 150,323 630,310 24,640
Total Current Assets 2,190,885 12,313,201 8,643,736
Noncurrent Assets
Restricted cash and investments - 6,585,934 5,697,085
Capital assets
Land and construction in progress 367,811 8,255,132 7,888,806
Other capital assets, net of accumulated
depreciation 3,066,167 79,164,870 66,964,617
Total capital assets, net 3,433,978 87,420,002 74,853,423
Interest receivable - 24,470 6,007
Deferred charges and deposits - 14,908 20
Total Noncurrent Assets 3,433,978 94,045,314 80,556,535
TOTAL ASSETS 5,624,863 106,358,515 89,200,271
LIABILITIES
Current Liabilities
Accounts payable 172,593 2,039,626 2,229,070
Accrued expenses 1,739 1,442,787 135,445
Deposits - 2,000 13,400
Due to other funds - 33,622 43,181
Due to other governments 80,360 - -
Unearned revenues 766,425 - -
Current portion of long-term obligations 84,558 3,920,603 3,566,629
Total Current Liabilities 1,105,675 7,438,638 5,987,725
Noncurrent Liabilities
Employee benefits 161,198 207,263 178,585
Unamortized debt expense - (464,630) (178,035)
Long-term debt 303,955 50,142,762 30,974,249
Total Noncurrent Liabilities 465,153 49,885,395 30,974,799
TOTAL LIABILITIES 1,570,828 57,324,033 36,962,524
NET ASSETS
Invested in capital assets, net of related debt 3,045,465 33,356,637 40,312,549
Unrestricted 1,008,570 15,677,845 11,925,198
TOTAL NET ASSETS 4,054,035$ 49,034,482$ 52,237,747$
The notes to the basic financial statements are an integral part of this statement.
31
Enterprise Funds (Continued)
Nonmajor Internal
Storm Water Enterprise Service
Utility Funds Total Funds
5,655,045$ 24,639$ 18,166,819$ 4,563,872$
1,522,644 383,923 10,220,152 26,442
- - 764,400 20,400
19,054 - 722,160 -
- - 74,323 -
- 6,711,609 6,711,609 -
1,513 - 806,786 -
7,198,256 7,120,171 37,466,249 4,610,714
7,884,449 347,763 20,515,231 -
18,035,617 5,895,273 40,442,639 -
29,355,976 7,577,175 186,128,805 -
47,391,593 13,472,448 226,571,444 -
30,245 - 60,722 -
- - 14,928 -
55,306,287 13,820,211 247,162,325 -
62,504,543 20,940,382 284,628,574 4,610,714
1,533,401 139,588 6,114,278 9,105
140,640 83,769 1,804,380 800,000
- 5,000 20,400 -
2,449,150 1,938,464 4,464,417 -
- - 80,360 -
- - 766,425 20,400
1,734,546 520,749 9,827,085 -
5,857,737 2,687,570 23,077,345 829,505
19,863 26,970 593,879 -
(60,233) (2,256) (705,154) -
32,483,536 4,544,866 118,449,368 -
32,443,166 4,569,580 118,338,093 -
38,300,903 7,257,150 141,415,438 829,505
13,173,515 11,885,508 101,773,674 -
11,030,125 1,797,724 41,439,462 3,781,209
24,203,640$ 13,683,232$ 143,213,136$ 3,781,209$
32
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenses and Changes in Net Assets
Proprietary Funds
For the Year Ended December 31, 2011
Enterprise Funds
Transit Water Sewer
Utility Utility Utility
Operating Revenues
Taxes -$ -$ -$
Fines, forfeitures and penalties - - -
Intergovernmental charges for services - - -
Public charges for services 934,158 11,703,898 9,699,846
Other revenues 42,887 180,030 34,595
Total Operating Revenues 977,045 11,883,928 9,734,441
Operating Expenses
Operating and maintenance 4,381,070 4,950,108 5,241,990
Depreciation and amortization 549,727 3,542,771 2,424,910
Taxes - 130,157 144,823
Claims and administration - - -
Total Operating Expenses 4,930,797 8,623,036 7,811,723
Operating Income (Loss)(3,953,752) 3,260,892 1,922,718
Nonoperating Revenues (Expenses)
Taxes 888,750 - -
Intergovernmental revenues 2,862,158 - -
Interest on investments - 62,414 42,499
Gain on disposal of capital assets 8,000 - -
Interest and fiscal charges (14,432) (1,729,041) (1,039,822)
Total Nonoperating Revenues (Expenses)3,744,476 (1,666,627) (997,323)
Income (Loss) Before Transfers and Contributed Capital (209,276) 1,594,265 925,395
Transfers in - - -
Transfers out - (1,000,000) -
Contributed capital 123,041 338,748 455,718
Change in Net Assets (86,235) 933,013 1,381,113
Net Assets - January 1 4,140,270 48,101,469 50,856,634
Prior period adjustment - - -
Net Assets, January 1, restated 4,140,270 48,101,469 50,856,634
Net Assets - December 31 4,054,035$ 49,034,482$ 52,237,747$
The notes to the basic financial statements are an integral part of this statement.
33
Enterprise Funds (Continued)
Storm Nonmajor Internal
Water Enterprise Service
Utility Funds Total Funds
-$ 1,211,789$ 1,211,789$ -$
- 31,359 31,359 2,781
- - - 7,959,358
4,116,189 620,039 27,074,130 -
10,890 27,701 296,103 1,582,883
4,127,079 1,890,888 28,613,381 9,545,022
2,096,833 1,660,624 18,330,625 -
882,643 154,285 7,554,336 -
51,584 - 326,564 -
- - - 10,032,573
3,031,060 1,814,909 26,211,525 10,032,573
1,096,019 75,979 2,401,856 (487,551)
- - 888,750 20,365
- - 2,862,158 -
102,560 4,616 212,089 17,273
- 420,485 428,485 -
(1,140,330) (179,359) (4,102,984) -
(1,037,770) 245,742 288,498 37,638
58,249 321,721 2,690,354 (449,913)
- 44,447 44,447 -
- (1,199,292) (2,199,292) -
758,514 140,864 1,816,885 -
816,763 (692,260) 2,352,394 (449,913)
14,052,196 14,375,492 131,526,061 4,231,122
9,334,681 - 9,334,681 -
23,386,877 14,375,492 140,860,742 4,231,122
24,203,640$ 13,683,232$ 143,213,136$ 3,781,209$
34
CITY OF OSHKOSH, WISCONSIN
Statement of Cash Flows
Proprietary Funds
For the Year Ended December 31, 2011
Enterprise Funds
Transit Water Sewer
Utility Utility Utility
Cash Flows from Operating Activities
Cash received from customers 959,173$ 11,142,967$ 9,226,348$
Cash payments to suppliers and employees (4,431,094) (3,560,700) (4,080,784)
Net Cash Provided (Used) by Operating Activities (3,471,921) 7,582,267 5,145,564
Cash Flows from Non-Capital Financing Activities
Property taxes received 888,750 - -
Transfer from other funds - - -
Transfer to other funds - (1,000,000) -
Operating grants received 2,862,158 - -
Net Cash Provided (Used) by Non-Capital Financing Activities 3,750,908 (1,000,000) -
Cash Flows from Capital and Related Financing Activities
Acquisition of capital assets (170,393) (5,727,090) (6,623,076)
Principal payments on revenue bonds - (1,859,362) (1,889,013)
Principal paid on general obligation debt (118,500) (2,364,641) (1,718,169)
Interest payments on debt (14,048) (1,416,209) (1,034,991)
Revenue bonds issued - 6,510,000 8,290,000
General obligation debt issued 285,000 1,240,000 520,000
Proceeds from sale of assets 8,000 - -
Due from other funds - - -
Capital contributions - 338,748 455,718
Capital grants received 123,041 - -
Net Cash Provided (Used) by Capital and Related
Financing Activities 113,100 (3,278,554) (1,999,531)
Cash Flows from Investing Activities
Investment income received - 37,944 36,492
Net Increase (Decrease) in Cash and Cash Equivalents 392,087 3,341,657 3,182,525
Cash and Cash Equivalents - January 1 499,640 9,832,664 7,521,581
Cash and Cash Equivalents - December 31 891,727$ 13,174,321$ 10,704,106$
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
Operating income (loss)(3,953,752)$ 3,260,892$ 1,922,718$
Adjustments to reconcile operating income to
net cash provided (used) by operating activities:
Depreciation 549,727 3,542,771 2,424,910
Changes in assets and liabilities
Accounts receivable 63,707 (605,799) (465,591)
Due from other governments (74,323) - -
Due from other funds - (137,162) (42,502)
Inventories and deferred charges (24,049) (28,302) (12,871)
Accounts payable and accrued expenses (25,975) 1,558,198 1,778,168
Due to other funds - (10,331) (459,268)
Deferred revenues and deposits (7,256) 2,000 -
Net Cash Provided (Used) by Operating Activities (3,471,921)$ 7,582,267$ 5,145,564$
The notes to the basic financial statements are an integral part of this statement.
35
Enterprise Funds (Continued)
Other Internal
Storm Water Proprietary Service
Utility Funds Total Funds
3,851,001$ 1,899,736$ 27,079,225$ 9,548,108$
1,142,474 (1,596,531) (12,526,635) (10,032,536)
4,993,475 303,205 14,552,590 (484,428)
- - 888,750 20,365
- 44,447 44,447 -
- (1,199,292) (2,199,292) -
- - 2,862,158 -
- (1,154,845) 1,596,063 20,365
(12,677,010) (58,003) (25,255,572) -
(895,000) - (4,643,375) -
(2,785,341) (1,240,406) (8,227,057) -
(1,182,594) (210,135) (3,857,977) -
- - 14,800,000 -
2,180,000 750,000 4,975,000 -
- 634,822 642,822 -
- 409,540 409,540 -
758,514 - 1,552,980 -
- - 123,041 -
(14,601,431) 285,818 (19,480,598) -
72,315 4,616 151,367 17,273
(9,535,641) (561,206) (3,180,578) (446,790)
23,075,135 933,608 41,862,628 5,010,662
13,539,494$ 372,402$ 38,682,050$ 4,563,872$
1,096,019$ 75,979$ 2,401,856$ (487,551)$
882,643 154,285 7,554,336 -
(272,633) 8,848 (1,271,468) 3,086
- - (74,323) -
(3,445) - (183,109) -
(959) 3,571 (62,610) -
1,196,706 21,194 4,528,291 37
2,095,144 39,328 1,664,873 -
- - (5,256) -
4,993,475$ 303,205$ 14,552,590$ (484,428)$
36
CITY OF OSHKOSH, WISCONSIN
Statement of Net Assets
Fiduciary Funds
December 31, 2011
Property Hospital
Taxes Bioterrorism
ASSETS
Cash and cash equivalents 30,179,801$ 4,202$
Taxes receivable 25,939,359 -
Accounts receivable 17,508 -
Total assets 56,136,668$ 4,202$
LIABILITIES
Accounts payable 18,640$ -$
Due to other governments 56,118,028 4,202
Total liabilities 56,136,668$ 4,202$
The notes to the basic financial statements are an integral part of this statement.
Agency Funds
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
37
NOTE A - SUMMARY OF SIGNIFICANT 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. Reporting Entity
The City of Oshkosh is a municipal corporation governed by an elected seven member council.
In accordance with GAAP, 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
Nos. 14 and 39.
Discretely presented component units:
The component unit columns in the basic financial statements include the financial data of the City’s
component unit, the Redevelopment Authority of the City of Oshkosh. It is reported in a separate column
to emphasize that it is legally separate from the City. The Redevelopment Authority’s fiscal year end is
December 31. Complete financial statements for the Redevelopment Authority may be obtained from the
City’s Finance Department.
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
Housing Authority of the City of Oshkosh
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. Governmental activities, which normally are
supported by taxes and intergovernmental revenues, are reported separately from business-type
activities, which rely to a significant extent on fees and charges for support.
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.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
38
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The City reports the following major governmental funds:
GENERAL FUND
This is the City’s primary operating fund. It 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.
SPECIAL ASSESSMENT IMPROVEMENTS CAPITAL PROJECTS FUND
This fund accounts for the cost of capital projects and the special assessments and subsequent
assessment collections related to those projects.
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:
INTERNAL SERVICE FUND
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.
AGENCY FUND
This fund accounts for the current year tax levy collectible in the subsequent year for the City and in a
custodial capacity as an agent on behalf of others.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
39
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
3. Measurement Focus, Basis of Accounting, and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement
focus and the accrual basis 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 financial resources measurement
focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both
measurable and available. Revenues are considered to be available when they are collectible within the
current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the City
considers revenues to be available if they are collected within 60 days of the end of the current fiscal
period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting.
However, debt service expenditures, as well as expenditures related to compensated absences and
claims and judgments, are recorded only when payment is due.
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. Internally dedicated resources are reported as general revenues rather than as program
revenues. Likewise, general revenues include all taxes.
Proprietary funds distinguish operating 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.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
40
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
4. Assets, Liabilities and Net Assets or Equity
a. Cash and Investments
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. Investments 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, other than 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. Interfund 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 nonspendable 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-type activities.
d. Inventories
Inventories are recorded at cost, which approximates market, using the first-in, first-out method.
Inventories 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.
Inventories of governmental fund types in the fund financial statements are offset by nonspendable
fund balance accounts to indicate that they do not represent spendable available financial resources.
e. Prepaid Items
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 nonspendable
fund balance accounts to indicate that they do not represent spendable available financial resources.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
41
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
f. Capital Assets
Capital assets, which include property, plant, equipment, and infrastructure assets, are reported in the
applicable governmental or business-type 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.
Depreciable capital assets of the City are depreciated using the straight-line method over the
following estimated useful lives:
Assets
Buildings, systems and land improvements 30 – 80 25 – 88
Machinery and equipment 1 – 25 10 – 25
Infrastructure 20 – 35 40 – 150
Governmental
Activities
Business-Type
Activities
Years
g. Compensated 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
governmental funds in the fund financial statements only if they have matured, for example, as a
result of employee resignations and retirements.
h. 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.
i. Long-term Obligations
In the government-wide financial statements, and proprietary fund types in the fund financial
statements, long-term debt and other long-term obligations are reported as liabilities in the applicable
governmental activities, business-type 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.
In the fund financial statements, governmental fund 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. Issuance
costs, whether or not withheld from the actual debt proceeds received, are reported as debt service
expenditures.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
42
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
j Net Assets and Fund Equity
Governmental Fund Financial Statements
The following classifications describe the relative strength of the spending constraints placed on the
purposes for which resources can be used:
• Nonspendable fund balance - Amounts that are not in spendable form (such as inventory, prepaid
items, or long-term receivables) or are legally or contractually required to be maintained intact.
• Restricted fund balance - Amounts that are constrained to specific purposes by their providers
(such as grantors, bondholders, and higher levels of government), through constitutional
provisions, or by enabling legislation.
• Committed fund balance - Amounts that are constrained to specific purposes by a action of the
City Council. These constraints can only be removed or changed by the City Council using the
same action that was used to create them.
• Assigned fund balance - Amounts that are constrained for specific purposes by action of City
management. Residual amounts in any governmental fund, other than the General Fund, are
reported as assigned.
• Unassigned fund balance - Amounts that are available for any purpose. Unassigned amounts are
reported only in the General Fund, unless the fund has a deficit fund balance.
City Council establishes (and modifies or rescinds) fund balance commitments by passage of an
ordinance or resolution. This is typically done through adoption and amendment of the budget. A
fund balance commitment is further indicated in the budget document as a designation or
commitment on the fund (such as for special incentives). Assigned fund balance is established by
City Council through adoption or amendment of the budget as intended for specific purpose (such as
the purchase of fixed assets, construction, debt service, or for other purposes).
Government-wide and Proprietary Fund Statements
Equity is classified as net assets and displayed in three components:
• Invested 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 of those assets.
• Restricted net assets - Amount of net assets that are subject to restrictions that are imposed by
1) external groups, such as creditors, grantors, contributors or laws or regulations of other
governments or 2) law through constitutional provisions or enabling legislation.
• Unrestricted net assets - Net assets that are neither classified as restricted nor as invested in
capital assets, net of related debt.
Use of Restricted Resources
When an expense is incurred that can be paid using either restricted or unrestricted resources (net
assets), the City’s policy is to first apply the expense toward restricted resources and then toward
unrestricted resources. In governmental funds, the City’s policy is to first apply the expenditure
toward restricted fund balance and then to other, less-restrictive classification – committed and then
assigned fund balances before using unassigned fund balances.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
43
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
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.
NOTE B - STEWARDSHIP AND COMPLIANCE
1. Budgets and Budgetary Accounting
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:
• In 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, 2011.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
44
NOTE B - STEWARDSHIP AND COMPLIANCE (Continued)
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, 2011 as follows:
Excess
Function Expenditures
General fund General government 4,746$
General fund Parks and recreation 9,677
General fund Transportation 6,496
General fund Unclassified 136,896
General fund Interest and fiscal charges 26,111
Fund
The above excess expenditures were funded using positive revenue variances and available fund
balances.
3. Deficit Fund Equity
The following funds had deficit fund equity as of December 31, 2011:
Fund
Deficit Fund
Equity
EECBG Grants special revenue fund 4,287$
Leach Amphitheater special revenue fund 38,979
Public Works Special Fund special revenue fund 8,071
Grand Opera House capital projects fund 9,795
City Center Hotel capital projects fund 31,377
Special Assessments Improvement capital projects fund 5,377,182
TIF #20 South Side Fox River capital projects fund 530,831
TIF #21 Fox River Corridor capital projects fund 985,863
TIF #23 SW Industrial Park capital projects fund 34,316
TIF #24 Oshkosh Corp. capital projects fund 7,504
The City anticipates funding the above deficits from future revenues and tax levies of the funds.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
45
NOTE C - DETAILED NOTES ON ALL FUNDS
1. Cash and Investments
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."
Invested 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 $111,685,583 on December 31, 2011 as
summarized below:
Petty cash funds 8,385$
Deposits with financial institutions 99,957,613
Investments
U.S. Government agency securities 6,578,300
Money market mutual funds 871,423
Mutual funds 3,524,240
Oshkosh Community Foundation 76,701
Corporate stocks and bonds 635,553
Wisconsin local government pool 33,368
111,685,583$
Reconciliation to the basic financial statements:
Basic financial statements
Cash and investments 60,986,349$
Restricted cash and investments 20,515,231
Fiduciary funds
Agency fund 30,184,003
111,685,583$
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 deposits 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 for investments is the
risk that, in the event of the failure of the counterparty (e.g., 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.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
46
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Deposits with financial institutions within the State of Wisconsin are insured by the Federal Deposit
Insurance Corporation (FDIC) in the amount of $250,000 for time and savings deposits and $250,000 for
demand deposits per official custodian per insured depository institution. Deposits with financial
institutions located outside the State of Wisconsin are insured by the FDIC in the amount of $250,000 per
official custodian per depository. In addition, the City’s non-interest bearing transaction accounts are fully
insured through December 31, 2012. In addition, the State of Wisconsin has a State Guarantee Fund
which provides a maximum of $400,000 per public depository above the amount provided by an agency
of the U.S. Government. However, due to the relatively small size of the State Guarantee Fund in relation
to the Fund's total coverage, total recovery of insured losses may not be available.
As of December 31, 2011, none of the City’s deposits with financial institutions was in excess of federal
depository insurance limits and uncollateralized.
Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of
the investment. This is measured by the assignment of a rating by a nationally recognized statistical
rating organization. Wisconsin statutes limit investments in securities to the top two ratings assigned by
nationally recognized statistical rating organizations. The City does not have an additional credit risk
policy. Presented below is the actual rating as of year end for each investment type.
Exempt
From Not
Investment Type Amount Disclosure AAA Aa Rated
Federal Farm Credit Bank 3,096,800$ -$ 3,096,800$ -$ -$
Federal Home Loan Bank 637,500 - 637,500 - -
Federal Home Loan Mort.2,844,000 - 2,844,000 - -
Money market mutual funds 871,423 - - - 871,423
Mutual funds 3,524,240 - - - 3,524,240
Oshkosh Community Found.76,701 - - - 76,701
Corporate stocks/bonds 635,553 - - - 635,553
Wisconsin local government
investment pool 33,368 - - - 33,368
11,719,585$ -$ 6,578,300$ -$ 5,141,285$
Ratings as of Year End
Interest Rate Risk
Interest 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.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
47
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Information 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:
12 months 13 to 24 25 to 60 More Than
Investment Type Amount or Less Months Months 60 Months
Federal Farm Credit Bank 3,096,800$ -$ -$ -$ 3,096,800$
Federal Home Loan Bank 637,500 - - - 637,500
Federal Home Loan Mort.2,844,000 - - - 2,844,000
Money market mutual funds 871,423 871,423 - - -
Mutual funds 3,524,240 3,524,240 - - -
Oshkosh Community Found.76,701 76,701 - - -
Wisconsin local government
investment pool 33,368 33,368 - - -
Totals 11,084,032$ 4,505,732$ -$ -$ 6,578,300$
Remaining Maturity (in Months)
Investments with Fair Values Highly Sensitive to Interest Rate Fluctuations
The City’s investments in Federal Farm Credit Bank, Federal Home Loan Bank and Federal Home Loan
Mortgage securities are highly sensitive to interest rate fluctuations.
Investment in Wisconsin Local Government Investment Pool
The City has investments in the Wisconsin local government investment pool of $33,368 at year-end.
The Wisconsin local government investment pool (LGIP) is part of the State Investment Fund (SIF), and is
managed by the State of Wisconsin Investment 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, 2011, the fair value of the City’s share of the
LGIP’s assets was substantially equal to the carrying value.
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, 2011, the carrying amount of the Authority’s deposits was $2,897,361 consisting of
$571,055 in bank deposits and $2,326,306 as part of the City’s pooled cash. Of the bank balance,
$250,000 was covered by federal depository insurance with the remainder covered by the State of
Wisconsin Guarantee Fund.
As of December 31, 2011, none of the Authority’s deposits with financial institutions was in excess of
federal depository insurance limits and uncollateralized.
Investments
On December 31, 2011, the Authority held U. S. Treasury Obligation mutual funds of $636,000. These
obligations are unrated and will mature within 12 months.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
48
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
2. Restricted Assets
Restricted assets on December 31, 2011 totaled $20,515,231 and consisted entirely of cash and
investments for the following purposes.
Water Utility
Debt proceeds restricted for capital outlay 4,853,240$
General obligation redemption fund 1,596,147
Depreciation fund 136,547
6,585,934
Sewer Utility
Debt proceeds restricted for capital outlay 1,680,904
General obligation redemption fund 1,747,255
Replacement fund 2,268,926
5,697,085
Storm Water Utility
Debt proceeds restricted for capital outlay 5,958,359
General obligation redemption fund 1,926,090
7,884,449
Oshkosh Redevelopment Project
General obligation redemption fund 347,763
Total Restricted Assets 20,515,231$
3. Property Taxes
Property taxes are recorded in the year levied as receivables and deferred revenues in the respective
funds. They are recognized in the appropriate funds as revenues in the succeeding year when services
financed by the levy are provided. In 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.
The receivables and liabilities for these taxes are recorded in an Agency Fund. 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 - 2011 tax roll:
Lien date and levy date December 31, 2011
Tax bills mailed On or after December 1, 2011
Payment in full, or:
First installment due January 31, 2012
Second installment due March 31, 2012
Third installment due May 31, 2012
Fourth installment due July 31, 2012
Personal property taxes in full January 31, 2012
Tax settlements:
Initial settlement January 15, 2012
Second, third and fourth settlement 20 days after the collection date
Final settlement August 20, 2012
Tax deed by County --
2011 delinquent real estate taxes October 1, 2015
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
49
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Property Tax Levy Limit
Wisconsin State Statutes provide for a limit on the property tax levies for all Wisconsin cities, villages,
towns and counties. For the 2011 budget year, the increase in the maximum allowable tax levy is limited
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%. The actual limit for the City for the 2011 budget was 3.0%. For the 2012 budget
year, Wisconsin Statutes limit the increase in the maximum allowable tax levy to the change in the City’s
January 1 equalized value as a result of net new construction. The actual limit for the City for the 2012
budget was 0.96%. Debt service for debt authorized after July 1, 2005 is exempt from the levy limit. In
addition, Wisconsin Statutes allow the limit to be increased for debt service authorized prior to July 1,
2005 and in certain other situations.
4. Capital Assets
Capital asset activity for the year ended December 31, 2011 was as follows:
Beginning
Balance Ending
Restated Increases Decreases Balance
Governmental activities:
Capital assets not being depreciated
Land 16,956,484$ 615,234$ -$ 17,571,718$
Capital assets being depreciated
Buildings and systems 46,743,274 531,605 - 47,274,879
Infrastructure 61,113,095 9,597,483 3,951,983 66,758,595
Machinery and equipment 46,120,986 3,209,287 1,038,433 48,291,840
Total assets being depreciated 153,977,355 13,338,375 4,990,416 162,325,314
Less accumulated depreciation for:
Buildings and systems 11,198,060 971,277 - 12,169,337
Infrastructure 29,093,341 4,144,522 3,951,983 29,285,880
Machinery and equipment 24,339,530 2,507,283 1,023,438 25,823,375
Total accumulated depreciation 64,630,931 7,623,082 4,975,421 67,278,592
Total capital assets being depreciated, net 89,346,424 5,715,293 14,995 95,046,722
Governmental activities capital assets, net 106,302,908$ 6,330,527$ 14,995$ 112,618,440$
Depreciation expense was charged to functions of the primary government as follows:
Governmental activities:
General government 339,680$
Public safety 848,242
Public works 5,176,691
Health and welfare 3,441
Parks and recreation 1,216,917
Community development 38,111
Total depreciation expense - governmental activities 7,623,082$
Primary Government
As of January 1, 2011, the City reclassified certain storm water capital assets from governmental activities
to business-type activities. This resulted in a decrease in governmental activities infrastructure of
$17,714,719 and a decrease in accumulated depreciation of $8,380,038.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
50
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Beginning
Balance Ending
Restated Increases Decreases Balance
Business-type activities:
Capital assets not being depreciated
Land 8,101,209$ 724,219$ 214,337$ 8,611,091$
Construction in progress 38,299,334 23,035,473 29,503,259 31,831,548
Total capital assets not being depreciated 46,400,543 23,759,692 29,717,596 40,442,639
Capital assets being depreciated
Buildings, systems, land improvements 209,419,221 27,560,135 1,582,042 235,397,314
Machinery and equipment 39,847,768 3,483,586 2,029,279 41,302,075
Total assets being depreciated 249,266,989 31,043,721 3,611,321 276,699,389
Less accumulated depreciation for:
Buildings, systems, land improvements 59,412,832 5,306,603 1,582,042 63,137,393
Machinery and equipment 27,306,613 2,155,857 2,029,279 27,433,191
Total accumulated depreciation 86,719,445 7,462,460 3,611,321 90,570,584
Total capital assets being depreciated, net 162,547,544 23,581,261 - 186,128,805
Business-type activities capital assets, net 208,948,087$ 47,340,953$ 29,717,596$ 226,571,444$
Depreciation expense was charged to functions of the primary government as follows:
Business-type activities:
Transit utility 549,727$
Water utility 3,542,771
Sewer utility 2,424,910
Storm water utility 882,643
Other 154,285
Total depreciation expense - business-type activities 7,554,336$
Primary Government
On January 1, 2011, the City changed its accounting for the Grand Opera House and TIF District funds
reclassifying them from enterprise funds to capital projects funds. As a result, the Grand Opera House
assets were reclassified from business-type activities to governmental activities. This resulted in a
decrease of business-type activities land of $51,898, a decrease in buildings of $4,839,849 and a
decrease in equipment of $180,193, along with a corresponding decrease of $1,064,876 in accumulated
depreciation. The TIF District reclassification resulted in a decrease of business-type activity land of
$22,556,967, but it was determined that TIF District capital assets duplicated capital assets already
recorded in governmental activities, therefore no corresponding increase to governmental activities was
recorded. Also, property in the Industrial Park Fund totaling $6,711,609 has been reclassified from land
to property held for sale.
5. Notes receivable
Notes receivable of $3,662,817 in the Community Development Block Grant and Rental Rehabilitation
Loan Program special revenue funds represents noninterest bearing loans made to City residents as part
of the City’s participation in the Community Block Grant Program for residential rehabilitation. These
notes are payable to the City at the time the property is sold or at the time the property is no longer
occupied by the owner and is due to the funding agency upon termination of the program.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
51
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
6. Long-term Obligations
The following is a summary of changes in long-term obligations of the City for the year ended
December 31, 2011:
Beginning
Balance Ending Due Within
Restated Additions Reductions Balance One Year
Governmental activities:
General obligation
bonds and notes 88,458,044$ 22,725,000$ 17,793,959$ 93,389,085$ 8,569,554$
Other liabilities
Unused vacation and
sick leave credits 2,935,344 131,426 - 3,066,770 -
Accrued OPEB obligation 2,291,041 1,261,615 507,543 3,045,113 -
Unfunded pension liability 9,791,574 674,944 417,352 10,049,166
Total other liabilities 15,017,959 2,067,985 924,895 16,161,049 -
Total governmental activities
long-term obligations 103,476,003$ 24,792,985$ 18,718,854$ 109,550,134$ 8,569,554$
Business-type activities:
Bonds payable
General obligation debt 43,494,833$ 4,975,000$ 8,227,057$ 40,242,776$ 3,478,467$
Revenue bond 77,877,052 14,800,000 4,643,375 88,033,677 6,348,618
121,371,885 19,775,000 12,870,432 128,276,453 9,827,085
Less deferred amount
on refundings (701,657) (130,503) (127,006) (705,154) -
Total bonds and notes payable 120,670,228 19,644,497 12,743,426 127,571,299 9,827,085
Other liabilities
Unused vacation and
sick leave credits 755,459 338,597 500,177 593,879 -
Total business-type activities
long-term obligations 121,425,687$ 19,983,094$ 13,243,603$ 128,165,178$ 9,827,085$
Total interest paid during the year on long-term debt totaled $7,381,230.
On January 1, 2011, the City reclassified its TIF District funds from enterprise funds to capital projects
funds. As a result, general obligation debt associated with the TIF Districts has been reclassified from
business-type activity debt to governmental activity debt. The amount reclassified was $27,527,728.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
52
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
General Obligation Debt
General obligation debt currently outstanding is detailed as follows:
Balance
Outstanding
Date of Interest Principal Interest Original December 31,
Type Issue Rate Payable Payable Amount 2011
Refunding bonds:9/1/2005 3.75 - 4.125 12/1/06 - 20 6/1 - 12/1 18,335,000 11,220,000$
12/28/2006 4.00 12/1/07 - 14 6/1 - 12/1 11,865,000 1,805,000
8/25/2010 2.00 - 3.25 12/1/11 - 6/1/24 6/1 - 12/1 12,620,000 11,700,000
8/26/2010 0.75 - 3.90 12/1/11 - 21 6/1 - 12/1 8,420,000 8,110,000
3/16/2011 2.00 - 3.50 12/1/12 - 22 6/1 - 12/1 8,490,000 8,355,000
3/16/2011 2.00 - 4.70 12/1/12 - 23 6/1 - 12/1 6,350,000 6,350,000
Corporate purpose bonds:2/1/2003 2.50 - 5.00 12/1/05 - 22 6/1 - 12/1 11,675,000 590,000
2/1/2003 3.25 - 6.00 12/1/05 - 22 6/1 - 12/1 1,420,000 1,010,000
3/1/2004 3.00 - 5.75 12/1/05 - 23 6/1 - 12/1 6,480,000 4,735,000
2/8/2005 3.25 - 4.50 12/1/06 - 24 6/1 - 12/1 7,395,000 5,620,000
3/1/2006 4.00 - 4.50 12/1/07 - 25 6/1 - 12/1 9,265,000 7,490,000
3/1/2006 5.15 - 5.40 12/1/07 - 25 6/1 - 12/1 1,995,000 1,635,000
3/1/2007 4.00 - 5.00 12/1/08 - 26 6/1 - 12/1 7,950,000 6,765,000
3/1/2008 4.00 - 4.75 12/1/09 - 27 6/1 - 12/1 5,105,000 4,545,000
5/1/2009 2.00 - 5.75 12/1/09 - 28 6/1 - 12/1 16,740,000 14,930,000
9/2/2010 0.75 - 5.20 8/1/11 - 30 2/1 - 8/1 9,140,000 8,940,000
11/1/2011 2.00 - 4.00 6/1/12 - 31 6/1 - 12/1 9,965,000 9,965,000
Promissory notes:3/1/2004 2.00 - 4.00 12/1/05 - 13 6/1 - 12/1 1,565,000 400,000
2/8/2005 3.00 - 3.50 12/1/06 - 14 6/1 -12/1 2,540,000 940,000
5/31/2005 5.00 3/15/07 - 25 3/15 200,000 157,263
12/20/2005 4.50 3/15/07 - 25 3/15 1,163,000 953,575
12/20/2005 4.50 3/15/07 - 25 3/15 656,000 537,871
3/1/2006 3.65 - 4.00 12/1/07 - 15 6/1 - 12/1 2,500,000 1,225,000
3/1/2007 4.00 12/1/08 - 16 6/1 - 12/1 3,375,000 2,030,000
3/1/2008 3.25 - 4.00 12/1/09 - 17 6/1 - 12/1 1,565,000 1,105,000
1/29/2008 5.25 3/15/09 - 27 3/15 1,419,815 1,284,439
5/1/2009 2.00 - 4.50 12/1/10 - 18 6/1 - 12/1 2,945,000 2,280,000
4/21/2009 4.50 3/15/10 - 19 3/15 1,322,463 1,097,523
11/10/2009 4.50 3/15/10 - 19 3/15 792,933 730,122
9/2/2010 0.80 - 3.55 8/1/11 - 20 2/1 - 8/1 4,150,000 3,975,000
9/13/2010 4.50 3/15/20 - 20 3/15 256,068 256,068
11/1/2011 2.35 6/1/2012 - 21 6/1 - 12/1 2,895,000 2,895,000
133,631,861
Less amounts related to Enterprise Fund 40,242,776
93,389,085$
Annual principal and interest maturities of the outstanding general obligation debt on December 31, 2011
are detailed below:
Year Ended Government Activities Business-type Activities Build America Total
December 31, Principal Interest Principal Interest Bonds Credit Principal Interest
2012 8,569,554$ 3,539,235$ 3,478,467$ 1,578,365$ (433,564)$ 12,048,021$ 4,684,036$
2013 7,756,814 3,137,780 3,428,947 1,456,530 (419,507) 11,185,761 4,174,803
2014 7,814,858 2,900,608 3,443,284 1,348,594 (402,796) 11,258,142 3,846,406
2015 7,651,633 2,649,518 3,384,687 1,234,013 (382,934) 11,036,320 3,500,597
2016 7,466,723 2,400,637 3,333,165 1,118,193 (360,836) 10,799,888 3,157,994
2017-2021 33,123,438 8,191,869 14,642,873 3,781,567 (1,394,150) 47,766,311 10,579,286
2022-2026 15,533,508 3,135,954 7,229,256 1,306,172 (759,346) 22,762,764 3,682,780
2027-2031 5,472,557 614,378 1,302,097 110,031 (158,999) 6,774,654 565,410
93,389,085$ 26,569,979$ 40,242,776$ 11,933,465$ (4,312,132)$ 133,631,861$ 34,191,312$
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
53
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Enterprise Funds - 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. In accordance with the resolutions
which authorized the issuance of the debt issues, the City agreed 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 respective funds described in the authorizing Resolution. In
addition, the borrowing resolution included restrictive investment provisions requiring fully insured or
collateralized investments.
Balance
Year outstanding
of Interest Principal Interest Original December 31,
Type Issue Rate payable payable amount 2011
Sewerage System
Revenue Bonds 1993 & 1994 3.84 5/01/94 - 12 5/1 & 11/1 2,881,401$ 209,516$
Sewerage System
Revenue Bonds 1995 to 1997 3.21 5/01/96 - 15 5/1 & 11/1 17,631,411 3,844,994
Water Safe Drinking
Revenue Bond 1998 2.64 5/01/99 - 19 5/1 & 11/1 11,913,672 5,087,042
Sewerage System Revenue
Clean Water 1999 2.64 5/01/00 - 19 5/1 & 11/1 3,025,930 1,477,183
Water Safe Drinking
Revenue Bond 2000 2.97 5/01/01 - 19 5/1 & 11/1 13,636,364 6,673,507
Water Safe Drinking
Revenue Bond 2001 2.75 5/01/02 - 21 5/1 & 11/1 3,483,913 1,976,803
Water Utility
Refunding Bond 2003 2.50 - 3.90 1/01/05 - 12 1/1 & 7/1 2,065,000 235,000
Sewerage System
Revenue Bonds 2004 2.396 5/01/05 - 24 5/1 & 11/1 1,989,231 2,395,595
Storm Water Revenue
Bond 2005 3.50 - 4.625 5/01/06 - 25 5/1 & 11/1 4,820,000 3,725,000
Water Utility
Refunding Bond 2006 4.0 - 4.5 1/01/07 - 26 1/1 & 7/1 12,705,000 10,850,000
Water Safe Drinking
Revenue Bond 2008 2.365 5/01/10 - 28 5/1 & 11/1 1,344,824 6,464,037
Storm Water Revenue
Bond 2010 0.70 - 5.20 5/01/11 - 30 5/1 & 11/1 20,800,000 20,100,000
Water Utility
Refunding Bond 2010 0.85 - 5.15 1/01/11 - 30 1/1 & 7/1 5,740,000 5,470,000
Sewerage System
Revenue Bonds 2010 0.85 - 5.15 5/01/11 - 30 5/1 & 11/1 4,890,000 4,725,000
Sewerage System
Revenue Bonds 2011 2.0 - 4.0 5/01/12 - 31 5/1 & 11/1 8,290,000 8,290,000
Water Utility
Revenue Bonds 2011 2.0 - 4.0 5/01/12 - 31 1/1 & 7/1 6,510,000 6,510,000
88,033,677$
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
54
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
A summary of the type and individual Enterprise Funds debt is presented below:
Balance Balance
December 31,December 31,
2010 Additions Payments 2011
General obligation debt 43,494,833$ 4,975,000$ 8,227,057$ 40,242,776$
Revenue bond 77,877,052 14,800,000 4,643,375 88,033,677
Total 121,371,885$ 19,775,000$ 12,870,432$ 128,276,453$
Balance Balance
December 31,December 31,
2010 Additions Payments 2011
Enterprises Funds:
Sewer Utility 29,338,060$ 8,810,000$ 3,607,182$ 34,540,878$
Water Utility 50,537,368 7,750,000 4,224,003 54,063,365
Transit Utility 222,013 285,000 118,500 388,513
Parking Utility 232,555 75,000 130,000 177,555
Industrial Park 3,408,137 675,000 952,225 3,130,912
Golf course 33,870 - 4,712 29,158
Oshkosh Redevelopment 1,881,459 - 153,469 1,727,990
Storm Water 35,718,423 2,180,000 3,680,341 34,218,082
Total 121,371,885 19,775,000$ 12,870,432$ 128,276,453
Less:
Current portion (11,323,045) (9,827,085)
Unamortized expense (701,657) (705,154)
Long-term debt, net 109,347,183$ 117,744,214$
Utility Revenues Pledged
The City has pledged future water, sewer, and storm water customer revenues, net of specified operating
expense, to repay the water, sewer, and storm water revenue bonds. Proceeds from the bonds provided
financing for the construction or acquisition of capital assets used with the water, sewer, and storm water
utilities. The bonds are payable solely from water, sewer, and storm water net revenues and are payable
ranging from 2012 through 2031. The total principal and interest remaining to be paid on the bonds is
$110,656,683. Principal and interest paid for the current year and total customer net revenues were
$6,987,372 and $13,129,953, respectively.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
55
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Annual principal and interest maturities of the outstanding revenue bonds on December 31, 2011 are
detailed below:
Year Ended Build America
December 31, Principal Interest Bonds Credit Total
2012 6,348,618$ 2,818,823$ (405,879)$ 8,761,562$
2013 6,434,435 2,730,283 (401,030) 8,763,688
2014 6,597,692 2,556,473 (394,486) 8,759,679
2015 5,429,173 2,395,148 (386,207) 7,438,114
2016 5,559,744 2,246,664 (376,171) 7,430,237
2017-2021 25,688,654 8,781,920 (1,660,263) 32,810,311
2022-2026 19,200,020 4,885,453 (1,115,253) 22,970,220
2027-2031 12,775,341 1,264,560 (317,029) 13,722,872
88,033,677$ 27,679,324$ (5,056,318)$ 110,656,683$
Business-type Activities
Build America Bonds
The general obligation debt issued on May 1, 2009 and September 2, 2010 and revenue bonds issued on
October 5, 2010 and October 14, 2010 qualifies as Build America Bonds, as described in Section 54AA of
the Internal Revenue Code. The interest on the debt is taxable as set forth in the regulations. The City is
eligible to receive a 35% subsidy of the annual interest payment from the Federal government. In order
to receive this subsidy it is necessary for the City to file a claim form annually.
For the governmental activities, the other long-term liabilities are generally liquidated by the general fund.
Legal Margin for New Debt
The City's legal margin for creation of additional general obligation debt on December 31, 2011 is as
follows:
Equalized valuation 3,776,085,900$
Margin of indebtedness:
5% of equalized valuation 188,804,295$
Less outstanding general obligation debt 133,631,861$
Deduct Debt Service Funds available for debt retirement 878,039 132,753,822
Margin of indebtedness 56,050,473$
The City has approved the issuance of industrial revenue bonds (IRB) for the benefit of private business
enterprises. IRBs 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 IRBs outstanding at the end of the year is maintained
by the individual private business enterprises and the lending institutions.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
56
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Advanced Refunded Debt
During 2011, the City advance refunded general obligation bond issues from 2003 along with various
State Trust Fund Loans. The City issued $14,840,000 of general obligation refunding bonds to provide
resources to refund the outstanding debt. As a result, the refunded bonds are considered to be defeased
and the liability has been removed from the financial statements. This advance refunding was
undertaken to reduce total debt service payments by $770,571 and to obtain an economic gain
(difference between the present value of the debt service payments of the refunded and refunding bonds)
of $634,716.
Component Unit Long-term Debt
Information relating to the outstanding long-term debt is as follows:
Redevelopment Authority
Balance
Date of Interest Maturity Original Outstanding
Type Issue Rate Date Amount 12/31/11
Taxable redevelopment
lease revenue bonds 6/20/2006 6.25%6/20/2031 6,360,000$ 6,360,000$
Less deferred charges (173,626)
6,186,374$
Annual principal maturities of the outstanding debt on December 31, 2011 are detailed below:
Year Ending
December 31,
2012-2025 -$
Thereafter 6,360,000
6,360,000$
The Authority has approved the issuance of Wisconsin Redevelopment Revenue Bonds (WRRB) for the
benefit of private business enterprises. WRRBs are secured by mortgages or revenue agreements on
the associated projects and do not constitute indebtedness of the Authority or City. Accordingly, the
bonds are not reported as liabilities in the accompanying financial statements.
As of December 31, 2011, there were two series of Wisconsin Redevelopment Revenue Bonds
outstanding with an aggregate principal amount payable of $6,105,000.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
57
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
7. Deferred Revenues
Governmental activities and governmental funds defer revenue recognition in connection with resources
that have been received, but not yet earned. Governmental funds also report deferred revenue in
connection with receivables for resources that are not considered to be available to liquidate liabilities of
the current period. At the end of the current fiscal year, the various components of deferred revenue and
unearned revenue were as follows:
Unavailable Unearned
Subsequent year tax levy receivable
General fund -$ 6,985,660$
Debt service fund - 16,758,200
Nonmajor governmental funds - 13,200,016
Internal service funds - 20,400
Postponed special assessment installments
Nonmajor governmental funds 4,769,704 -
Revenues received in advance
General fund - 22,639
Nonmajor governmental funds - 96,000
Totals 4,769,704$ 37,082,915$
Postponed special assessments are generally collectible in annual installments over a period of five
years. The City recognizes revenue from the special assessments in the year payments are received.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
58
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
8. Interfund Balances and Activity
Interfund receivables and payables at December 31, 2011 were as follows:
Due From Due to
Other Funds Other Funds
General fund 1,655,634$ 61,535$
Special assessment improvement capital projects - 4,241,322
Nonmajor Governmental Funds
Special revenue funds 113,470 435,343
Capital projects funds 8,352,734 1,580,194
Permanent fund - 61,187
Total governmental activities 10,121,838 6,379,581
Water utility fund 653,885 33,622
Sewer utility fund 49,221 43,181
Storm water utility 19,054 2,449,150
Nonmajor Enterprise Funds - 1,938,464
Total business-type activities 722,160 4,464,417
Totals 10,843,998$ 10,843,998$
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.
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 accumulated 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 this statement.
The following schedule reports transfers within the reporting entity:
Business-type
Transfers from General Nonmajor Activities Total
Governmental activities:
General fund -$ 256,583$ -$ 256,583$
Debt service fund 8,275,497 - - 8,275,497
Nonmajor governmental funds 69,908 2,623,304 44,447 2,737,659
Water utility enterprise fund 1,000,000 - - 1,000,000
Nonmajor enterprise funds 578,251 621,041 - 1,199,292
Total transfers to:9,923,656$ 3,500,928$ 44,447$ 13,469,031$
Transfer to
Governmental Activities
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
59
NOTE D - OTHER INFORMATION
1. Retirement Commitments
All eligible City employees participate in the Wisconsin Retirement System (WRS), a cost-sharing,
multiple-employer, defined benefit, public employee retirement system. All permanent employees hired
before July 1, 2011 and expected to work over 600 hours a year (440 hours for teachers and educational
support employees) or hired on or after July 1, 2011 and expected to work over 1,200 hours a year (880
hours for teachers and educational support employees) are eligible to participate in the WRS. Covered
employees in the General/Teacher/ Educational Support Personnel category are required by statute to
contribute 5.8% of their salary (6.65% for Executives and Elected Officials, 5.8% for Protective
Occupations with Social Security, and 5.8% 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, 2011 was $32.6
million; the employer’s total payroll was $34.1 million. The total required contribution for the year ended
December 31, 2011 was $5.2 million, which consisted of $3.2 million, or 9.9% of covered payroll from the
employer and $2.0 million or 5.9% of covered payroll from employees. Total contributions for the years
ending December 31, 2010 and 2009 were $4.7 and $4.4 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.
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. Box 7931, Madison, WI 53707-7931.
2. Unfunded Pension Liability
The City's unfunded pension liability of $10.0 million on December 31, 2011 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. In addition, the City
is charged 7.2% interest per year on 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 40 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.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
60
NOTE D - OTHER INFORMATION (Continued)
3. 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. In 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 benefits become
due and payable to the participants of the terminated plan. The total expense for 2011 was
approximately $90,000. The total estimated future cost to the City of this plan as of December 31,
2011 is not determinable.
b. Health Care
Plan Description - The City provides health care insurance coverage for employees who retire until
they reach the age of 65. The retired employee contributes 100% of the premium for family coverage
or 100% of the premium for single coverage. There are 573 active and 60 retired employees in the
plan.
Annual OPEB Cost and Net OPEB Obligation - The City’s annual other post-employment benefit
(OPEB) cost (expense) is calculated based on the annual required contribution (ARC), and the
amount actuarially determined in accordance with the parameters of GASB Statement 45. The ARC
represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each
year and amortize any unfunded actuarial liabilities over a period not to exceed thirty years. The
following table shows the components of the City’s annual OPEB cost for the year, the amount
actually contributed to the plan, and changes in the City’s net OPEB obligation.
Amount
1,291,276$
91,642
(121,303)
1,261,615
(507,543)
754,072
2,291,041
3,045,113$
Component
Annual required contribution
Interest 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
The annual required contribution for the current year was determined as part of the December 31,
2010 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 9.3% and ultimate rate at
4.7%.
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-term 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, 2011 is 30 years, and the remaining amount is $10,867,464.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
61
NOTE D - OTHER INFORMATION (Continued)
Trend Information - The City’s annual OPEB cost, the percentage of the annual OPEB cost
contributed to the plan, and the net OPEB obligation for 2011 is as follows:
Percentage
Annual of Annual
Year OPEB OPEB Cost Net OPEB
Ended Cost Contributed Obligation
12/31/2008 989,777$ 23.07%761,466$
12/31/2009 989,777 26.17%1,492,192
12/31/2010 1,214,226 34.21%2,291,041
12/31/2011 1,261,615 40.23%3,045,113
Funded Status and Funding Progress - As of December 31, 2010, the most recent actuarial valuation
date, the City’s unfunded actuarial accrued liability (UAAL) was $10,867,464.
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 are included within the City’s annual premiums.
Actuarial Methods and Assumptions - 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-
term perspective of the calculations. Additional information as of the latest actuarial valuation follows:
initial - 9.3%
ultimate - 4.7%
Valuation date December 31, 2010
Actuarial cost method Unit Credit
Medical trend rate
Amortization method Level
Remaining amortization period 30 years
Actuarial assumptions -
Investment rate of return 4.0%
4. Risk Management
The City is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets;
errors and omissions; and natural disasters for which the government carries commercial insurance. The
City completes an annual review of its insurance coverage to ensure adequate coverage.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
62
NOTE D - OTHER INFORMATION (Continued)
5. Contingencies
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. Accordingly, the City's
compliance with applicable grant requirements will be established at some future date. The 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.
6. Self-insured medical care coverage plan
The City maintains a self-insured medical care coverage plan for its employees. The City has established
the Hospital Insurance Fund (an Internal Service Fund) to account for the financing of its uninsured risked
of loss. Under this program, the Hospital Insurance Fund provides coverage up to a maximum of $75,000
per contract. The City purchases commercial insurance for claims in excess of coverage provided by the
Fund.
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 $2,275,212
at December 31, 2011 and is reported as the net assets balance of the Internal Service Fund. The claims
liability of $800,000, reported in the Fund at December 31, 2011, is based on the requirements of
Governmental Accounting 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 2011 were:
Current Year
Beginning Claims and Balance at
Year of Fiscal Changes in Claim Fiscal
Ended Year Liability Estimates Payments Year End
12/31/2011 $800,000 $9,681,021 $9,681,021 $800,000
12/31/2010 $800,000 $8,516,760 $8,516,760 $800,000
7. Subsequent events
On June 12, 2012, the City approved the issuance of $5,595,000 of general obligation refunding bonds
with principal amounts due annually through 2027. Interest rates on the issue range from 0.4% to 3.0%.
This issue advance refunds general obligation bond issues from 2003 and various State Trust Fund
Loans.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2011
63
NOTE D - OTHER INFORMATION (Continued)
8. Restatement of beginning net assets
As of January 1, 2011, the City reclassified the Grand Opera House and TIF District funds from enterprise
funds to capital projects funds. As a result, the net assets of business-type activities were decreased by
$14,740,391 (Grand Opera House $2,790,668 and TIF Districts $11,949,723).
As of January 1, 2011, the City recorded certain capital assets related to the storm water utility that were
previously unrecorded in the fund. The amount of the capital assets, net of accumulated depreciation
increased business-type net assets by $9,334,681.
During 2011 it was noted that deferred revenue on outstanding special assessments was not accrued as
a revenue in the governmental activities. As a result a prior period adjustment of $3,652,032 was made to
increase the net asset balance.
Due to the reclassification of fund balances, capital assets and related debt, the net assets of
governmental activities were decreased $13,793,374, resulting from the reclassification of debt and TIF
District & Grand Opera House adjustments ($7,754,546), the reclassification of accrued interest on debt
($356,179), the reclassification of net storm water capital assets ($9,334,681) and prior period adjustment
for deferred revenue $3,652,032.
REQUIRED SUPPLEMENTAL INFORMATION
64
CITY OF OSHKOSH, WISCONSIN
Schedule of Other Post Employment Benefit Plan Information
December 31, 2011
(4)
(2)Unfunded UAAL
Actuarial Actuarial as a
Actuarial (1)Accrued (3)Accrued Percentage
Valuation Actuarial Liability Funded Liability (5)of Covered
Date Value of (AAL) Entry Ratio (UAAL)Covered Payroll
December 31,Assets Age Normal (1) / (2)(2) - (1)Payroll (4) / (5)
2008 -$ 9,534,561$ 0.00%9,534,561$ N/A N/A
2010 - 10,867,464 0.00%10,867,464 N/A N/A
Year Ended
December 31,
2008
2009
2010
2011
415,377 1,237,513 33.6%
228,311$ 989,777$ 23.1%
259,051 989,777 26.2%
The City implemented GASB Statement No. 45 for the fiscal year beginning January 1, 2008. Information for
prior years is not available.
Schedule of Funding Progress
Schedule of Employer Contributions
Employer Contributions
Annual Required Contribution
(ARC) Percentage Contributed
507,543 1,291,276 39.3%
OTHER SUPPLEMENTAL INFORMATION
65
Total
Special Capital Nonmajor
Revenue Projects Permanent Governmental
Funds Funds Fund Funds
ASSETS
Cash and investments 3,920,987$ 22,327,255$ 7,674,701$ 33,922,943$
Receivables
Taxes 5,523,400 7,676,616 - 13,200,016
Accounts 706,004 3,106,619 2,259 3,814,882
Loans 3,662,817 - - 3,662,817
Due from other funds 113,470 8,352,734 - 8,466,204
TOTAL ASSETS 13,926,678$ 41,463,224$ 7,676,960$ 63,066,862$
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable 319,300$ 4,511,763$ -$ 4,831,063$
Deferred revenues 5,593,400 7,702,616 - 13,296,016
Deposits 10,000 141,344 - 151,344
Due to other funds 435,343 1,580,194 61,187 2,076,724
Due to other governments 3,547,266 - - 3,547,266
Total Liabilites 9,905,309 13,935,917 61,187 23,902,413
Fund Balances
Nonspendable
Receivables from other funds - 7,342,197 - 7,342,197
Resticted for
Retirement of long-term
debt - 2,949,085 - 2,949,085
Construction of assets - 12,466,838 - 12,466,838
Special purposes 3,619,623 - - 3,619,623
Trust agreements - - 7,615,773 7,615,773
Committed to
Special purposes 453,083 - - 453,083
Assigned to
Construction of assets - 6,368,873 - 6,368,873
Unassigned (51,337) (1,599,686) - (1,651,023)
Total Fund Balances 4,021,369 27,527,307 7,615,773 39,164,449
TOTAL LIABILITIES AND
FUND BALANCES 13,926,678$ 41,463,224$ 7,676,960$ 63,066,862$
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2011
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2011
66
Committee Business
on Improvement Street
Aging District Recycling Lighting Library Museum Cemetery
ASSETS
Cash and investments 85,592$ 116,357$ 1,006,774$ 363,807$ 149,898$ 809,848$ 7,395$
Receivables
Taxes 297,300 - 404,700 1,013,000 2,384,200 836,400 276,200
Accounts 25,623 - 1,377 - 271,520 8,059 -
Loans - - - - - - -
Due from other funds - - - - 21,408 24,079 -
TOTAL ASSETS 408,515$ 116,357$ 1,412,851$ 1,376,807$ 2,827,026$ 1,678,386$ 283,595$
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable 4,149$ 10,673$ 5,050$ 118,251$ 106,583$ 6,023$ 7,395$
Deferred revenues 297,300 - 404,700 1,013,000 2,384,200 836,400 276,200
Deposits - - - - - - -
Due to other funds - - - - - - -
Due to other governments - - - - - - -
Total Liabilites 301,449 10,673 409,750 1,131,251 2,490,783 842,423 283,595
Fund Balances
Restricted for
Special purposes 107,066 105,684 1,003,101 - 336,243 835,963 -
Committed to
Special purposes - - - 245,556 - - -
Unassigned - - - - - - -
Total Fund Balances (Deficit)107,066 105,684 1,003,101 245,556 336,243 835,963 -
TOTAL LIABILITIES AND FUND BALANCES 408,515$ 116,357$ 1,412,851$ 1,376,807$ 2,827,026$ 1,678,386$ 283,595$
Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2011
67
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Loans
Due from other funds
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable
Deferred revenues
Deposits
Due to other funds
Due to other governments
Total Liabilites
Fund Balances
Restricted for
Special purposes
Committed to
Special purposes
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES AND FUND BALANCES
Rental
Community Rehabilitation Senior State
Health Development Loan Center EECBG Health
Fund Block Grant Program Revolving Grants Grants Bicycle
-$ -$ 68,335$ 73,388$ 15,589$ 325,453$ 16,080$
240,200 - - - - - -
27,170 351,668 - - - - -
- 3,547,266 115,551 - - - -
- - - - - - -
267,370$ 3,898,934$ 183,886$ 73,388$ 15,589$ 325,453$ 16,080$
783$ 215$ 39$ 5,935$ 19,876$ 3,022$ -$
240,200 - 70,000 - - - -
- - - - - - -
8,366 351,453 - - - - -
- 3,547,266 - - - - -
249,349 3,898,934 70,039 5,935 19,876 3,022 -
- - 113,847 - - 322,431 -
18,021 - - 67,453 - - 16,080
- - - - (4,287) - -
18,021 - 113,847 67,453 (4,287) 322,431 16,080
267,370$ 3,898,934$ 183,886$ 73,388$ 15,589$ 325,453$ 16,080$
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2011
68
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Loans
Due from other funds
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable
Deferred revenues
Deposits
Due to other funds
Due to other governments
Total Liabilites
Fund Balances
Restricted for
Special purposes
Committed to
Special purposes
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES AND FUND BALANCES
Police Fire/Police Asset Cable TV EMS
Special Safety Project Forfeiture Franchise Fire Historical
Funds Fund D.A.R.E.Fund Escrow Grant Marker
65,165$ 452,807$ 3$ 20,024$ 115,973$ 29,758$ 20,000$
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
65,165$ 452,807$ 3$ 20,024$ 115,973$ 29,758$ 20,000$
1,752$ 194$ -$ -$ -$ 12,563$ -$
- - - - - - -
- - - - 10,000 - -
- - - - - - -
- - - - - - -
1,752 194 - - 10,000 12,563 -
63,413 452,613 3 20,024 - 17,195 20,000
- - - - 105,973 - -
- - - - - - -
63,413 452,613 3 20,024 105,973 17,195 20,000
65,165$ 452,807$ 3$ 20,024$ 115,973$ 29,758$ 20,000$
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2011
69
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Loans
Due from other funds
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable
Deferred revenues
Deposits
Due to other funds
Due to other governments
Total Liabilites
Fund Balances
Restricted for
Special purposes
Committed to
Special purposes
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES AND FUND BALANCES
Total
Community Parks Public Pollock Nonmajor
Develop Revenue Leach Works Water Special
Special Facilities Amphitheater Special Park Revenue
Funds Fund Fund Fund Fund Funds
-$ 164,959$ -$ -$ 13,782$ 3,920,987$
- - - - 71,400 5,523,400
20,000 540 47 - - 706,004
- - - - - 3,662,817
- 52,283 15,700 - - 113,470
20,000$ 217,782$ 15,747$ -$ 85,182$ 13,926,678$
-$ 572$ 2,443$ -$ 13,782$ 319,300$
- - - - 71,400 5,593,400
- - - - - 10,000
15,170 - 52,283 8,071 - 435,343
- - - - - 3,547,266
15,170 572 54,726 8,071 85,182 9,905,309
4,830 217,210 - - - 3,619,623
- - - - - 453,083
- - (38,979) (8,071) - (51,337)
4,830 217,210 (38,979) (8,071) - 4,021,369
20,000$ 217,782$ 15,747$ -$ 85,182$ 13,926,678$
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2011
70
Advance
Sidewalk Street Payments Contract
Construction Improvement Street Special Control
Fund Fund Tree Assessment Fund Equipment
ASSETS
Cash and investments 424,029$ 2,022,910$ 964$ 136,844$ -$ 3,456,355$
Receivables
Taxes - - - - - -
Accounts 802 - - - 3,020,977 14,775
Due from other funds - - - - 1,010,537 -
TOTAL ASSETS 424,831$ 2,022,910$ 964$ 136,844$ 4,031,514$ 3,471,130$
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable -$ 8,267$ -$ -$ 4,031,100$ 205,413$
Deferred revenues - - - - - -
Deposits - 3,500 - 136,844 - -
Due to other funds - - - - - -
Total Liabilities - 11,767 - 136,844 4,031,100 205,413
Fund Balances
Nonspendable
Receivables from other funds - - - - - -
Restricted for
Retirement of long-term debt - - - - - -
Construction of assets - - - - - -
Assigned to
Construction of assets 424,831 2,011,143 964 - 414 3,265,717
Unassigned - - - - - -
Total Fund Balances (Deficit)424,831 2,011,143 964 - 414 3,265,717
TOTAL LIABILITIES AND FUND BALANCES 424,831$ 2,022,910$ 964$ 136,844$ 4,031,514$ 3,471,130$
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2011
71
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable
Deferred revenues
Deposits
Due to other funds
Total Liabilities
Fund Balances
Nonspendable
Receivables from other funds
Restricted for
Retirement of long-term debt
Construction of assets
Assigned to
Construction of assets
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES AND FUND BALANCES
Park Mct Golf Course
Improvement Park Rochlin Equip/Grand City
and Subdivision Park Improv Senior Opera Center
Acquisition Improvement Smokestack Fund Center House Hotel
165,241$ 317,880$ 2,000$ 3,275$ 177,808$ -$ -$
- - - - - 66,200 -
- - - - - - -
- - - - - - -
165,241$ 317,880$ 2,000$ 3,275$ 177,808$ 66,200$ -$
400$ -$ -$ -$ -$ -$ -$
- - - - - 66,200 -
- - - - - - -
- - - - - 9,795 31,377
400 - - - - 75,995 31,377
- - - - - - -
- - - - - - -
- - - - - - -
164,841 317,880 2,000 3,275 177,808 - -
- - - - - (9,795) (31,377)
164,841 317,880 2,000 3,275 177,808 (9,795) (31,377)
165,241$ 317,880$ 2,000$ 3,275$ 177,808$ 66,200$ -$
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2011
72
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable
Deferred revenues
Deposits
Due to other funds
Total Liabilities
Fund Balances
Nonspendable
Receivables from other funds
Restricted for
Retirement of long-term debt
Construction of assets
Assigned to
Construction of assets
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES AND FUND BALANCES
TIF #6 TIF #7 TIF #8 TIF #9 TIF #10 TIF #11 TIF #12
NW Industrial SW Industrial S Aviation Washburn Main and Oshkosh Division
Park Park Industrial Street Washington Office Center Street
756,909$ 3,092,056$ 2,316,035$ 1,919,934$ 813$ -$ 432,835$
206,636 3,723,498 596,475 626,146 11,885 7,140 101,140
- 9,019 - - - 4,000 -
- 7,342,197 - - - - -
963,545$ 14,166,770$ 2,912,510$ 2,546,080$ 12,698$ 11,140$ 533,975$
-$ 186,885$ -$ 57,450$ -$ -$ 875$
206,636 3,723,498 596,475 626,146 11,885 7,140 101,140
- - - - - - -
- - - - - 1,881 -
206,636 3,910,383 596,475 683,596 11,885 9,021 102,015
- 7,342,197 - - - - -
39,000 256,264 545,012 - - - -
717,909 2,657,926 1,771,023 1,862,484 813 2,119 431,960
- - - - - - -
- - - - - - -
756,909 10,256,387 2,316,035 1,862,484 813 2,119 431,960
963,545$ 14,166,770$ 2,912,510$ 2,546,080$ 12,698$ 11,140$ 533,975$
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2011
73
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable
Deferred revenues
Deposits
Due to other funds
Total Liabilities
Fund Balances
Nonspendable
Receivables from other funds
Restricted for
Retirement of long-term debt
Construction of assets
Assigned to
Construction of assets
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES AND FUND BALANCES
TIF #13 TIF #14 TIF #15 TIF #16 TIF #17 TIF #18 TIF #19
Marion Road/Mercy Park 100 Block City SW Industrial NW Industrial
Pearl Ave.Medical Plaza Redevelopment Centre #3 Expansion
452,461$ 387,295$ 1,468,162$ 1,140,894$ 2,448,364$ 1,050,617$ 153,574$
284,709 608,927 194,342 113,481 255,912 374,670 207,608
- 7,046 - 50,000 - - -
- - - - - - -
737,170$ 1,003,268$ 1,662,504$ 1,304,375$ 2,704,276$ 1,425,287$ 361,182$
-$ -$ -$ -$ -$ -$ -$
310,709 608,927 194,342 113,481 255,912 374,670 207,608
1,000 - - - - - -
- - - - - - -
311,709 608,927 194,342 113,481 255,912 374,670 207,608
- - - - - - -
- 394,341 370,000 1,190,894 - - 153,574
425,461 - 1,098,162 - 2,448,364 1,050,617 -
- - - - - - -
- - - - - - -
425,461 394,341 1,468,162 1,190,894 2,448,364 1,050,617 153,574
737,170$ 1,003,268$ 1,662,504$ 1,304,375$ 2,704,276$ 1,425,287$ 361,182$
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2011
74
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable
Deferred revenues
Deposits
Due to other funds
Total Liabilities
Fund Balances
Nonspendable
Receivables from other funds
Restricted for
Retirement of long-term debt
Construction of assets
Assigned to
Construction of assets
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES AND FUND BALANCES
Total
Nonmajor
TIF #20 TIF #21 TIF #23 TIF #24 Capital
South Side Fox River SW Industrial Oshkosh Projects
Fox River Corridor Park Corp.Funds
-$ -$ -$ -$ 22,327,255$
- 121,822 - 176,025 7,676,616
- - - - 3,106,619
- - - - 8,352,734
-$ 121,822$ -$ 176,025$ 41,463,224$
21,373$ -$ -$ -$ 4,511,763$
- 121,822 - 176,025 7,702,616
- - - - 141,344
509,458 985,863 34,316 7,504 1,580,194
530,831 1,107,685 34,316 183,529 13,935,917
- - - - 7,342,197
- - - - 2,949,085
- - - - 12,466,838
- - - - 6,368,873
(530,831) (985,863) (34,316) (7,504) (1,599,686)
(530,831) (985,863) (34,316) (7,504) 27,527,307
-$ 121,822$ -$ 176,025$ 41,463,224$
75
Total
Special Capital Nonmajor
Revenue Project Permanent Governmental
Funds Funds Fund Funds
Revenues
Taxes 5,520,000$ 7,135,091$ -$ 12,655,091$
Special assessments 152,350 - - 152,350
Intergovernmental 2,106,468 557,496 - 2,663,964
Licenses and permits 380,501 - - 380,501
Public charges for services 1,444,473 - - 1,444,473
Miscellaneous 1,194,792 394,380 4,115,938 5,705,110
Total Revenues 10,798,584 8,086,967 4,115,938 23,001,489
Expenditures
Current
Public safety 159,066 - - 159,066
Public works 1,875,382 1,560 - 1,876,942
Health and welfare 1,393,121 - - 1,393,121
Parks and recreation 5,620,976 81,741 - 5,702,717
Community development 971,833 1,148,885 - 2,120,718
Debt service
Principal - 2,099,164 - 2,099,164
Interest and fiscal charges - 1,041,563 - 1,041,563
Capital outlay 565,745 15,660,586 51,972 16,278,303
Total Expenditures 10,586,123 20,033,499 51,972 30,671,594
Excess of Revenues Over (Under)
Expenditures 212,461 (11,946,532) 4,063,966 (7,670,105)
Other Financing Sources (Uses)
Long-term debt issued - 19,995,901 - 19,995,901
Payment to refunding escrow agent - (7,457,219) - (7,457,219)
Transfers in 312,904 3,188,024 - 3,500,928
Transfers out (137,898) (2,559,982) (39,779) (2,737,659)
Total Other Financing Sources (Uses)175,006 13,166,724 (39,779) 13,301,951
Net Change in Fund Balances 387,467 1,220,192 4,024,187 5,631,846
Fund Balances - January 1 3,633,902 25,281,388 3,591,586 32,506,876
Prior period adjustment - 1,025,727 - 1,025,727
Fund Balances - January 1, restated 3,633,902 26,307,115 3,591,586 33,532,603
Fund Balances - December 31 4,021,369$ 27,527,307$ 7,615,773$ 39,164,449$
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended December 31, 2011
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
Year Ended December 31, 2011
76
Committee Business
on Improvement Street
Aging District Recycling Lighting Library Museum Cemetery
Revenues
Taxes 185,300$ -$ 404,700$ 1,013,000$ 2,460,000$ 869,000$ 276,400$
Special assessments - 152,350 - - - - -
Intergovernmental 65,779 - 220,328 - 37,563 - -
Licenses and permits - - - - - - -
Public charges for services 134 - - - 1,061,033 - -
Miscellaneous 113,596 10,710 203,639 3,951 17,924 367,640 81,294
Total Revenues 364,809 163,060 828,667 1,016,951 3,576,520 1,236,640 357,694
Expenditures
Current
Public safety - - - - - - -
Public works - - 749,416 1,125,966 - - -
Health and welfare - - - - - - 430,293
Parks and recreation 441,129 - - - 3,585,754 1,065,360 -
Community development - 156,318 - - - - -
Capital outlay - - 12,810 - - - -
Total Expenditures 441,129 156,318 762,226 1,125,966 3,585,754 1,065,360 430,293
Excess of Revenues Over (Under) Expenditures (76,320) 6,742 66,441 (109,015) (9,234) 171,280 (72,599)
Other Financing Sources (Uses)
Transfers in - - - - - 58,531 105,043
Transfers out - - - - - (12,848) -
Total Other Financing Sources (Uses)- - - - - 45,683 105,043
Net Change in Fund Balances (76,320) 6,742 66,441 (109,015) (9,234) 216,963 32,444
Fund Balances (Deficit) - January 1 183,386 98,942 936,660 354,571 345,477 619,000 (32,444)
Fund Balances (Deficit) - December 31 107,066$ 105,684$ 1,003,101$ 245,556$ 336,243$ 835,963$ -$
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
Year Ended December 31, 2011
77
Revenues
Taxes
Special assessments
Intergovernmental
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)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
Rental Wisconsin
Community Rehabilitation Rental Senior State
Health Development Loan Rehabilitation Center EECBG Health
Fund Block Grant Program Program Revolving Grants Grants
240,200$ -$ -$ -$ -$ -$ -$
- - - - - - -
- 702,822 8,975 - - 534,788 157,953
377,758 - - - - - -
30,210 500 - - - - -
2,948 46,398 139 - 42,566 55,831 2,865
651,116 749,720 9,114 - 42,566 590,619 160,818
- - - - - - -
- - - - - - -
743,040 - - - 62,432 - 157,356
- - - - - - -
- 749,720 1,410 - - 22,992 -
- - - - - 502,864 -
743,040 749,720 1,410 - 62,432 525,856 157,356
(91,924) - 7,704 - (19,866) 64,763 3,462
- - 55,141 - - - -
- - - (55,141) - - -
- - 55,141 (55,141) - - -
(91,924) - 62,845 (55,141) (19,866) 64,763 3,462
109,945 - 51,002 55,141 87,319 (69,050) 318,969
18,021$ -$ 113,847$ -$ 67,453$ (4,287)$ 322,431$
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
Year Ended December 31, 2011
78
Revenues
Taxes
Special assessments
Intergovernmental
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)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
Police Fire/Police Asset Cable TV EMS
Special Safety Project Forfeiture Franchise Fire
Bicycle Funds Fund D.A.R.E.Fund Escrow Grant
-$ -$ -$ -$ -$ -$ -$
- - - - - - -
- 273,541 58,168 - - - 11,816
798 - - - - 1,945 -
- - 164 - - - -
- 22,694 4,151 - 13,676 96 26,486
798 296,235 62,483 - 13,676 2,041 38,302
- 62,698 40,557 - 17,795 96 37,920
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- 35,577 - - - - 14,494
- 98,275 40,557 - 17,795 96 52,414
798 197,960 21,926 - (4,119) 1,945 (14,112)
- - - - - - -
- - - - - (69,909) -
- - - - - (69,909) -
798 197,960 21,926 - (4,119) (67,964) (14,112)
15,282 (134,547) 430,687 3 24,143 173,937 31,307
16,080$ 63,413$ 452,613$ 3$ 20,024$ 105,973$ 17,195$
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
Year Ended December 31, 2011
79
Revenues
Taxes
Special assessments
Intergovernmental
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)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
Total
Community Parks Public Pollock Nonmajor
Develop Revenue Leach Works Water Special
Historical Special Facilities Amphitheather Special Park Revenue
Marker Funds Fund Fund Fund Fund Funds
-$ -$ -$ -$ -$ 71,400$ 5,520,000$
- - - - - 152,350
- 34,735 - - - - 2,106,468
- - - - - - 380,501
- - 139,445 30,820 - 182,167 1,444,473
20,000 - 76,031 7,965 - 74,192 1,194,792
20,000 34,735 215,476 38,785 - 327,759 10,798,584
- - - - - - 159,066
- - - - - - 1,875,382
- - - - - - 1,393,121
- - 137,491 59,650 - 331,592 5,620,976
- 41,393 - - - - 971,833
- - - - - - 565,745
- 41,393 137,491 59,650 - 331,592 10,586,123
20,000 (6,658) 77,985 (20,865) - (3,833) 212,461
- - - 15,700 - 78,489 312,904
- - - - - - (137,898)
- - - 15,700 - 78,489 175,006
20,000 (6,658) 77,985 (5,165) - 74,656 387,467
- 11,488 139,225 (33,814) (8,071) (74,656) 3,633,902
20,000$ 4,830$ 217,210$ (38,979)$ (8,071)$ -$ 4,021,369$
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
Year Ended December 31, 2011
80
Park
Sidewalk Street Contract Improvement
Construction Improvement Street Control and
Fund Fund Tree Fund Equipment Acquisition
Revenues
Taxes -$ -$ -$ -$ -$ -$
Intergovernmental - 159,087 - - - -
Miscellaneous 2,505 1,100 3,550 - 14,775 14,601
Total Revenues 2,505 160,187 3,550 - 14,775 14,601
Expenditures
Current
Public works 235 1,325 - - - -
Parks and recreation - - 2,163 - - -
Community development - - - - - -
Debt service
Principal - - - - - -
Interest and fiscal charges - - - - - -
Capital outlay 51,624 6,519,423 2,445 - 3,180,701 282,491
Total Expenditures 51,859 6,520,748 4,608 - 3,180,701 282,491
Excess of Revenues Over (Under) Expenditures (49,354) (6,360,561) (1,058) - (3,165,926) (267,890)
Other Financing Sources (Uses)
Long-term debt issued 147,000 4,322,000 - - 2,261,901 135,000
Payment to refunding escrow agent - - - - - -
Transfer in - - - - 7,213 -
Transfer out - - - - (1,209,040) -
Total Other Financing Sources (Uses)147,000 4,322,000 - - 1,060,074 135,000
Net Changes in Fund Balances 97,646 (2,038,561) (1,058) - (2,105,852) (132,890)
Fund Balances (Deficit) - January 1 327,185 4,049,704 2,022 414 5,371,569 297,731
Prior period adjustment - - - - - -
Fund Balances (Deficit) - January 1, restated 327,185 4,049,704 2,022 414 5,371,569 297,731
Fund Balances (Deficit) - December 31 424,831$ 2,011,143$ 964$ 414$ 3,265,717$ 164,841$
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
Year Ended December 31, 2011
81
Revenues
Taxes
Intergovernmental
Miscellaneous
Total Revenues
Expenditures
Current
Public works
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Payment to refunding escrow agent
Transfer in
Transfer out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - January 1
Prior period adjustment
Fund Balances (Deficit) - January 1, restated
Fund Balances (Deficit) - December 31
Mct Golf Course
Park Rochlin Equip/Museum Grand City
Subdivision Park Improv Senior Phoenix Opera Center
Improvement Smokestack Fund Center Project House Hotel
-$ -$ -$ -$ -$ 66,200$ -$
- - - - - - -
14,970 - - 4,824 - 11,926 -
14,970 - - 4,824 - 78,126 -
- - - - - - -
- - - 3,990 - 75,588 -
- - - - - - 31,377
- - - - - - -
- - - - - - -
- - - - - 23,885 -
- - - 3,990 - 99,473 31,377
14,970 - - 834 - (21,347) (31,377)
- - - - - - -
- - - - - - -
- - - - - 1,227,948 -
- - - - (7,213) - -
- - - - (7,213) 1,227,948 -
14,970 - - 834 (7,213) 1,206,601 (31,377)
302,910 2,000 3,275 176,974 7,213 2,790,668 -
- - - - - (4,007,064) -
302,910 2,000 3,275 176,974 7,213 (1,216,396) -
317,880$ 2,000$ 3,275$ 177,808$ -$ (9,795)$ (31,377)$
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
Year Ended December 31, 2011
82
Revenues
Taxes
Intergovernmental
Miscellaneous
Total Revenues
Expenditures
Current
Public works
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Payment to refunding escrow agent
Transfer in
Transfer out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - January 1
Prior period adjustment
Fund Balances (Deficit) - January 1, restated
Fund Balances (Deficit) - December 31
TIF #6 TIF #7 TIF #8 TIF #9 TIF #10 TIF #11 TIF #12
NW Industrial SW Industrial S Aviation Washburn Main and Oshkosh Division
Park Park Industrial Street Washington Office Center Street
118,825$ 3,576,289$ 604,680$ 633,651$ 11,799$ 7,099$ 102,311$
525 77,621 19,212 2,621 258 530 245
- - 11,668 - - 4,000 -
119,350 3,653,910 635,560 636,272 12,057 11,629 102,556
- - - - - - -
- - - - - - -
150 179,856 150 150 150 150 1,629
34,655 191,733 58,890 57,931 - 9,000 23,478
2,370 22,352 22,511 4,328 - 1,140 9,976
- 874,199 - 55,294 - - -
37,175 1,268,140 81,551 117,703 150 10,290 35,083
82,175 2,385,770 554,009 518,569 11,907 1,339 67,473
- - - - - 40,000 45,000
- - - - - (42,000) (51,000)
- - - - - - -
- (1,057,455) - - (11,907) - -
- (1,057,455) - - (11,907) (2,000) (6,000)
82,175 1,328,315 554,009 518,569 - (661) 61,473
1,285,692 14,680,050 2,797,489 1,535,235 53,687 121,263 518,815
(610,958) (5,751,978) (1,035,463) (191,320) (52,874) (118,483) (148,328)
674,734 8,928,072 1,762,026 1,343,915 813 2,780 370,487
756,909$ 10,256,387$ 2,316,035$ 1,862,484$ 813$ 2,119$ 431,960$
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
Year Ended December 31, 2011
83
Revenues
Taxes
Intergovernmental
Miscellaneous
Total Revenues
Expenditures
Current
Public works
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Payment to refunding escrow agent
Transfer in
Transfer out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - January 1
Prior period adjustment
Fund Balances (Deficit) - January 1, restated
Fund Balances (Deficit) - December 31
TIF #13 TIF #14 TIF #15 TIF #16 TIF #17 TIF #18 TIF #19
Marion Road/Mercy Park 100 Block City SW Industrial NW Industrial
Pearl Ave.Medical Plaza Redevelopment Centre #3 Expansion
278,581$ 547,206$ 190,236$ 113,880$ 261,325$ 374,274$ 204,725$
1,291 59 34,111 39 91,668 3,009 2,479
32,775 2,144 - - - - -
312,647 549,409 224,347 113,919 352,993 377,283 207,204
- - - - - - -
- - - - - - -
10,928 804,768 746 745 22,685 12,011 2,594
871,722 64,159 29,000 146,530 74,228 237,375 87,971
421,012 42,720 10,179 83,251 56,428 101,413 49,478
22,184 - - - 258,792 159,851 -
1,325,846 911,647 39,925 230,526 412,133 510,650 140,043
(1,013,199) (362,238) 184,422 (116,607) (59,140) (133,367) 67,161
5,150,000 855,000 370,000 - 1,600,000 2,700,000 355,000
(5,154,452) (865,996) (378,000) - - (631,278) (334,493)
1,161,822 - - 170,000 - - -
- - - - - - -
1,157,370 (10,996) (8,000) 170,000 1,600,000 2,068,722 20,507
144,171 (373,234) 176,422 53,393 1,540,860 1,935,355 87,668
(11,823,309) 1,084,769 1,483,619 1,205,313 1,129,807 (791,403) 218,493
12,104,599 (317,194) (191,879) (67,812) (222,303) (93,335) (152,587)
281,290 767,575 1,291,740 1,137,501 907,504 (884,738) 65,906
425,461$ 394,341$ 1,468,162$ 1,190,894$ 2,448,364$ 1,050,617$ 153,574$
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
Year Ended December 31, 2011
84
Revenues
Taxes
Intergovernmental
Miscellaneous
Total Revenues
Expenditures
Current
Public works
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Payment to refunding escrow agent
Transfer in
Transfer out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - January 1
Prior period adjustment
Fund Balances (Deficit) - January 1, restated
Fund Balances (Deficit) - December 31
Total
Nonmajor
TIF #20 TIF #21 TIF #23 TIF #24 Capital
South Side Fox River SW Industrial Oshkosh Projects
Fox River Corridor Park Corp.Funds
-$ 44,010$ -$ -$ 7,135,091$
2,241 162,500 - - 557,496
- 1,175 - 274,367 394,380
2,241 207,685 - 274,367 8,086,967
- - - - 1,560
- - - - 81,741
40,395 25,976 7,921 6,504 1,148,885
212,492 - - - 2,099,164
207,205 7,200 - - 1,041,563
365,271 3,859,937 4,489 - 15,660,586
825,363 3,893,113 12,410 6,504 20,033,499
(823,122) (3,685,428) (12,410) 267,863 (11,946,532)
- 2,015,000 - - 19,995,901
- - - - (7,457,219)
- 621,041 - - 3,188,024
- - - (274,367) (2,559,982)
- 2,636,041 - (274,367) 13,166,724
(823,122) (1,049,387) (12,410) (6,504) 1,220,192
(1,612,171) 63,524 (150) (1,000) 25,281,388
1,904,462 - (21,756) - 1,025,727
292,291 63,524 (21,906) (1,000) 26,307,115
(530,831)$ (985,863)$ (34,316)$ (7,504)$ 27,527,307$
85
Total
Oshkosh Nonmajor
Parking Redevelopment Industrial Golf Enterprise
Utility Project Park Course Funds
ASSETS
Current Assets
Cash and investments 23,839$ -$ -$ 800$ 24,639$
Receivables
Accounts 800 109,108 259,675 14,340 383,923
Property held for resale - - 6,711,609 - 6,711,609
Total Current Assets 24,639 109,108 6,971,284 15,140 7,120,171
Noncurrent Assets
Restricted assets - 347,763 - - 347,763
Capital Assets
Land and construction in progress 1,851,549 3,217,183 - 826,541 5,895,273
Other capital assets, net of accumulated
depreciation 1,007,381 6,111,837 - 457,957 7,577,175
Total Capital Assets, Net 2,858,930 9,329,020 - 1,284,498 13,472,448
TOTAL ASSETS 2,883,569 9,785,891 6,971,284 1,299,638 20,940,382
LIABILITIES
Current Liabilities
Accounts payable 1,690 135,589 241 2,068 139,588
Accrued expenses 488 6,456 76,731 94 83,769
Deposits - 5,000 - - 5,000
Due to other funds 112,261 239,163 825,819 761,221 1,938,464
Current portion of long-term obligations 48,667 173,840 293,356 4,886 520,749
Total Current Liabilities 163,106 560,048 1,196,147 768,269 2,687,570
Noncurrent Liabilities
Employee benefits 1,336 - - 25,634 26,970
Unamortized debt expense (2,256) - - - (2,256)
Long-term debt 128,888 1,554,150 2,837,556 24,272 4,544,866
Total Noncurrent Liabilities 127,968 1,554,150 2,837,556 49,906 4,569,580
TOTAL LIABILITIES 291,074 2,114,198 4,033,703 818,175 7,257,150
NET ASSETS
Invested in capital assets, net of related debt 2,681,375 7,948,793 - 1,255,340 11,885,508
Unrestricted (deficit)(88,880) (277,100) 2,937,581 (773,877) 1,797,724
TOTAL NET ASSETS 2,592,495$ 7,671,693$ 2,937,581$ 481,463$ 13,683,232$
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Net Assets
Nonmajor Other Proprietary Funds
December 31, 2011
86
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenses and Changes in Net Assets
Nonmajor Other Proprietary Funds
For the Year Ended December 31, 2011
Algoma/Deltox Parking
Church Complex Utility
Operating Revenues
Taxes -$ -$ -$
Fines, forfeitures and penalties - 31,359
Public charges for services - - 110,808
Other revenues - - -
Total Operating Revenues - - 142,167
Operating Expenses
Operating and maintenance - - 102,083
Depreciation and amortization - - 72,503
Total Operating Expenses - - 174,586
Operating Income (Loss)- - (32,419)
Nonoperating Revenues (Expenses)
Interest on investments - - -
Gain (loss) on disposal of capital assets - 405,522 -
Interest and fiscal charges - - (1,144)
Total Nonoperating Revenues (Expenses)- 405,522 (1,144)
Income (loss) before transfers and
contributed capital - 405,522 (33,563)
Transfers in - - 11,907
Transfers out (578,251) (621,041) -
Contributed capital - - 140,864
Change in Net Assets (578,251) (215,519) 119,208
Net Assets - January 1 578,251 215,519 2,473,287
Net Assets - December 31 -$ -$ 2,592,495$
87
Total
Oshkosh Nonmajor
Redevelopment Industrial Golf Enterprise
Project Park Course Funds
1,211,789$ -$ -$ 1,211,789$
- - - 31,359
- - 509,231 620,039
6,037 19,430 2,234 27,701
1,217,826 19,430 511,465 1,890,888
976,290 5,145 577,106 1,660,624
53,348 - 28,434 154,285
1,029,638 5,145 605,540 1,814,909
188,188 14,285 (94,075) 75,979
4,616 - - 4,616
- - 14,963 420,485
(50,469) (126,466) (1,280) (179,359)
(45,853) (126,466) 13,683 245,742
142,335 (112,181) (80,392) 321,721
- - 32,540 44,447
- - - (1,199,292)
- - - 140,864
142,335 (112,181) (47,852) (692,260)
7,529,358 3,049,762 529,315 14,375,492
7,671,693$ 2,937,581$ 481,463$ 13,683,232$
88
Algoma/Deltox Parking
Church Complex Utility
Cash Flows from Operating Activities
Cash received from customers -$ -$ 143,127$
Cash payments to suppliers and employees - - (86,423)
Net Cash Provided (Used) by Operating Activities - - 56,704
Cash Flows from Non-Capital Financing Activities
Transfer from other funds - - 11,907
Transfer to other funds (578,251) (621,041) -
Net Cash Provided by Non-Capital Financing Activities (578,251) (621,041) 11,907
Cash Flows from Capital and Related Financing
Activities
Acquisition of capital assets - - -
Principal payments on long-term debt - - (130,000)
Interest payments on long-term debt - - -
Proceeds from long-term debt - - 75,000
Proceeds from sale of assets - 619,859 -
Due from other funds - - -
Net Cash Provided (Used) by Capital and Related
Financing Activities - 619,859 (55,000)
Cash Flows from Investing Activities
Investment income received - - -
Net Increase (Decrease) in Cash and Cash Equivalents (578,251) (1,182) 13,611
Cash and Cash Equivalents - January 1 578,251 1,182 10,228
Cash and Cash Equivalents - December 31 -$ -$ 23,839$
Reconciliation of Operating Income (Loss) to Net
Cash Provided by Operating Activities:
Operating income (loss)-$ -$ (32,419)$
Adjustments to reconcile operating income to
net cash provided (used) by operating activities:
Depreciation - - 72,503
Changes in assets and liabilities
Accounts receivable - - 960
Inventories and deferred charges - - -
Accounts payable and accrued expenses - - (6,356)
Due to other funds - - 22,016
Net Cash Provided (Used) by Operating Activities -$ -$ 56,704$
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Cash Flows
Nonmajor Other Proprietary Funds
For the Year Ended December 31, 2011
89
Total
Oshkosh Nonmajor
Redevelopment Industrial Golf Proprietary
Project Park Course Funds
1,235,090$ 19,430$ 502,089$ 1,899,736$
(1,019,402) (5,123) (485,583) (1,596,531)
215,688 14,307 16,506 303,205
- - 32,540 44,447
- - - (1,199,292)
- - 32,540 (1,154,845)
- - (58,003) (58,003)
(153,469) (952,225) (4,712) (1,240,406)
(62,219) (146,622) (1,294) (210,135)
- 675,000 - 750,000
- - 14,963 634,822
- 409,540 - 409,540
(215,688) (14,307) (49,046) 285,818
4,616 - - 4,616
4,616 - - (561,206)
343,147 - 800 933,608
347,763$ -$ 800$ 372,402$
188,188$ 14,285$ (94,075)$ 75,979$
53,348 - 28,434 154,285
17,264 - (9,376) 8,848
3,571 - - 3,571
6,356 22 21,172 21,194
(53,039) - 70,351 39,328
215,688$ 14,307$ 16,506$ 303,205$
90
Total
Internal
Hospital Police Fire Workman's Service
Insurance Pension Pension Compensation Funds
ASSETS
Current Assets
Cash and investments 3,068,955$ 728,117$ 277,257$ 489,543$ 4,563,872$
Receivables
Taxes - - - 20,400 20,400
Accounts 15,257 - - 11,185 26,442
TOTAL ASSETS 3,084,212 728,117 277,257 521,128 4,610,714
LIABILITIES
Current Liabilities
Accounts payable 9,000 - - 105 9,105
Accrued expenses 800,000 - - - 800,000
Unearned revenues - - - 20,400 20,400
Total Current Liabilities 809,000 - - 20,505 829,505
NET ASSETS
Unrestricted 2,275,212$ 728,117$ 277,257$ 500,623$ 3,781,209$
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Net Assets
Internal Service Funds
December 31, 2011
91
Total
Internal
Hospital Police Fire Workman's Service
Insurance Pension Pension Compensation Funds
Operating Revenues
Fines, forfeitures and penalties -$ 2,781$ -$ -$ 2,781$
Intergovernmental charges for services 7,913,628 - - 45,730 7,959,358
Other revenues 1,253,583 - - 329,300 1,582,883
Total Operating Revenues 9,167,211 2,781 - 375,030 9,545,022
Operating Expenses
Claims and administration 9,681,021 54,025 36,588 260,939 10,032,573
Operating Income (loss)(513,810) (51,244) (36,588) 114,091 (487,551)
Nonoperating Revenues
Taxes - - - 20,365 20,365
Interest on investments 11,177 4,282 1,814 - 17,273
Total Nonoperating Revenues
(Expenses)11,177 4,282 1,814 20,365 37,638
Change in Net Assets (502,633) (46,962) (34,774) 134,456 (449,913)
Net Assets - January 1 2,777,845 775,079 312,031 366,167 4,231,122
Net Assets - December 31 2,275,212$ 728,117$ 277,257$ 500,623$ 3,781,209$
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenses and Changes in Net Assets
Internal Service Funds
For the Year Ended December 31, 2011
92
Total
Internal
Hospital Police Fire Workman's Service
Insurance Pension Pension Compensation Funds
Cash Flows from Operating Activities
Cash received from customers 9,170,395$ 2,781$ -$ 374,932$ 9,548,108$
Cash payments to suppliers and employees (9,681,021) (54,025) (36,588) (260,902) (10,032,536)
Net Cash Provided (Used) by Operating
Activities (510,626) (51,244) (36,588) 114,030 (484,428)
Cash Flows from Non-Capital Financing Activities
Property taxes received - - - 20,365 20,365
Cash Flows from Investing Activities
Investment income received 11,177 4,282 1,814 - 17,273
Net Increase (Decrease) in Cash and Cash
Equivalents (499,449) (46,962) (34,774) 134,395 (446,790)
Cash and Cash Equivalents - January 1 3,568,404 775,079 312,031 355,148 5,010,662
Cash and Cash Equivalents - December 31 3,068,955$ 728,117$ 277,257$ 489,543$ 4,563,872$
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
Operating income (loss)(513,810)$ (51,244)$ (36,588)$ 114,091$ (487,551)$
Adjustments to reconcile operating income to
net cash provided (used) by operating activities:
Changes in assets and liabilities
Accounts receivable 3,184 - - (98) 3,086
Accrued expenses - - - 37 37
Net Cash Provided (Used) by Operating
Activities (510,626)$ (51,244)$ (36,588)$ 114,030$ (484,428)$
CITY OF OSHKOSH, WISCONSIN
Statement of Cash Flows
Internal Service Funds
For the Year Ended December 31, 2011
STATISTICAL SECTION
Exhibit A-1
CITY OF OSHKOSH, WISCONSIN
SUMMARY OF CASH & INVESTMENTS
As of December 31, 2011 (1 OF 2)
CASH INVESTMENTS
2011 AT COST
OPERATING FUNDS
General Fund 37,108,496.13 16,052,132.05
Treasurer's Working Fund 3,000.00 0.00
Other Petty Cash Funds 5,385.00 0.00
TRUST FUNDS
Police Pension 18,617.09 709,500.00
Firemen's Pension 17,463.63 259,792.50
Arps Trust 462.39 54,131.49
Behncke Library Trust 2,048.96 201,638.23
Behncke Museum Trust 76,206.45 68,426.65
William E. Bray Museum Trust 602.98 11,538.46
Cemetery Perpetual Care 3,570.07 542,988.78
Leander Choate 30.48 25,253.78
Clute 9.93 543.23
Amy Davies Library Fund 582.84 89,561.83
Durow Trust 0.00 2,901,319.83
Fisk-Gallup 4,914.76 0.00
Gould 200.00 3,550.66
Gruenwald Trust 36.30 2,540.00
Gruetzmacher Library Trust 156.71 8,650.00
Abbey Harris Library 468.23 86,384.25
Heyman 93.75 33,891.45
Hicks 1,871.17 179,154.50
Hilton III 534.22 35,800.00
Hilton Library & Museum 0.00 7,147.96
Hilton Special Library 210.09 13,850.00
Hoxtel Library Trust 171.06 9,700.00
Huhn Animal Shelter Trust 0.00 4,356.86
Hume 43.31 1,207.20
James Trust 72.78 5,800.00
John Kelsh Library Memorial Fund 10.64 2,700.00
Genevieve Kenny Library Trust 34.02 8,500.00
Kitz Museum Memorial Trust 19,285.01 10,178.39
Kitz Directors Trust 251,502.71 0.00
Kitzman Library Trust, Hazel 0.00 79,128.45
Marie Lehnigk Library Fund 121.94 7,000.00
Malnar Children's Program Trust 10,304.50 10,400.00
Maxwell-Crawford 123.71 7,841.41
Museum Endowment 37,976.37 104,701.37
John V. Nichols Digital Library Trust 662.11 51,000.00
93
Exhibit A-1
CASH INVESTMENTS
2011 AT COST
(2 OF 2)
Pine 49.40 5,700.00
Pittel 10.82 241.45
Public Library Memorial Fund 1,140,581.95 338,000.00
Rasmussen Library, Elizabeth 0.00 75,891.06
Rasmussen Library, Mable 489.84 30,695.26
Roberts 105.48 2,213.20
Rojahn, Elizabeth 764.56 81,500.00
Rojahn, Frank Mace 923.71 82,700.00
Rojahn, Frank and Anna 56.37 5,285.00
Rotary 42.35 2,830.00
Ryan 91,997.99 3,575.00
Sarau 7.57 5,030.01
Stanhilber - Library & Parks 31,515.80 654,364.92
Stanhilber - Parks Only 10.68 2,100.00
M. Zellmer Library Fund 1,189.64 65,920.25
S. Zellmer Library Fund 1,631.68 67,650.00
Cable TV Franchise - Escrow 0.00 10,000.00
Flexible Benefits 64,056.88 0.00
Museum Membership Fund 0.00 96,663.57
Water Utility - Operating 7,803,206.60 2,560,632.04
Water Utility - Depreciation 0.00 136,546.86
Water Utility - Spec Redemption 458,314.19 1,596,147.00
Water Utility - Bond/Note 4,394,868.19 57.86
Sewerage Utility - Operating 8,740,971.50 0.00
Sewerage Utility - Replacement Fund 0.00 1,680,904.40
Sewerage Utility - Bond/Note 2,955,306.47 19.34
Sewerage Utility - Debt Service 686,456.00 374,399.00
Storm Water - Operating 8,822,831.04 3,623,213.69
Storm Water - Bond/Note 3,455,778.89 2,502,580.38
Storm Water - Debt Service 944.68 1,925,145.00
Centre Utility Spec Redemption 0.00 347,762.77
Parking Utility - Operating 23,838.90 0.00
76,241,220.52 37,868,077.39
94
Exhibit A-2
2011 2010 2009 2008 2007
Governmental Activities
Invested in Capital Assets, Net of Related Debt 19,229,355$ 59,344,634$ 58,296,609$ 59,238,509$ 45,658,953$
Restricted 26,651,319 12,781,352 4,625,915 1,814,545 15,366,502
Unrestricted 9,406,605 (7,027,497)755,346 1,435,588 716,389
Total Governmental Activities Net Assets 55,287,279 65,098,489 63,677,870 62,488,642 61,741,844
Business-Type Activities
Invested in Capital Assets, Net of Related Debt 101,773,674 116,520,471 110,806,457 106,592,573 99,063,739
Unrestricted 41,439,462 29,745,981 25,715,028 16,689,275 14,053,313
Total Business-Type Activities Net Assets 143,213,136 146,266,452 136,521,485 123,281,848 113,117,052
Primary government
Invested in Capital Assets, Net of Related Debt 121,003,029 175,865,105 169,103,066 165,831,082 144,722,692
Restricted 26,651,319 12,781,352 4,625,915 1,814,545 15,366,502
Unrestricted 50,846,067 22,718,484 26,470,374 18,124,863 14,769,702
Total Primary Government Net Assets 198,500,415$ 211,364,941$ 200,199,355$ 185,770,490$ 174,858,896$
City of Oshkosh, Wisconsin
Net Assets by Component
Last Five Years
(accrual basis of accounting)
95
Exhibit A-3
2011 2010 2009 2008 2007
Program Revenues
Governmental Activities:
Charges for Services:
General Government 2,364,086$ 119,557$ 151,058$ 194,337$ 73,298$
Public Safety 3,909,146 4,088,498 4,024,666 3,948,596 3,886,660
Public Works 3,637,583 5,214,099 3,519,023 3,426,072 3,119,360
Health and welfare 120,859 209,533 210,053 240,549 185,436
Parks and recreation 806,739 2,644,591 2,448,725 1,357,307 1,344,431
Community development 46,898 2,991,609 2,924,048 2,869,826 3,919,132
Operating grants and contributions 6,428,168 5,257,764 4,997,987 6,089,486 4,710,329
Capital grants and contributions 6,057,270 0 0 0 0
Total Governmental Activities Program Revenues 23,370,749 20,525,651 18,275,560 18,126,173 17,238,646
Business-Type Activities:
Charges for Services:
Transit utility 977,045 871,564 781,952 685,116 602,759
Water utility 11,883,928 11,359,012 11,559,034 11,740,668 11,085,840
Sewer utility 9,734,441 9,002,688 8,996,742 9,353,241 8,418,753
Storm Water utility 4,127,079 3,724,446 3,962,269
Operating grants and contributions 2,862,158 4,720,484 4,010,723 3,870,423 3,682,269
Capital grants and contributions 1,816,885 3,030,390 4,555,380 2,318,353 2,301,284
Other 1,890,888 868,689 878,084 3,847,983 3,986,861
Total Business-Type Activities Program Revenues 33,292,424 33,577,273 34,744,184 31,815,784 30,077,766
Total Primary Government Program Revenues 56,663,173 54,102,924 53,019,744 49,941,957 47,316,412
Expenses
Governmental Activities:
General Government 6,579,998 6,391,836 6,285,171 6,170,557 6,218,945
Public Safety 25,344,065 23,653,443 23,333,122 22,159,371 22,066,233
Public Works 15,786,739 14,880,323 15,843,295 13,906,804 13,897,933
Health and welfare 1,396,562 1,017,262 1,065,069 1,049,528 915,465
Parks and recreation 9,076,401 8,558,050 8,181,034 7,547,260 8,362,968
Transportation 728,496 685,570 661,953 629,293 623,311
Community development 9,376,637 4,903,810 5,516,499 5,588,413 4,175,538
Unclassified 606,496 551,791 388,794 675,718 416,416
Interest on debt 3,463,336 2,217,235 2,319,986 2,974,777 3,005,211
Total Governmental Activities Expenses 72,358,730 62,859,320 63,594,923 60,701,721 59,682,020
Business-Type Activities:
Transit utility 4,945,229 4,800,584 4,788,395 4,852,157 4,654,186
Water utility 10,352,077 11,296,626 10,475,252 10,658,416 9,759,651
Sewer utility 8,851,545 8,493,557 8,460,051 8,426,591 7,854,061
Storm Water utility 4,171,390 2,776,140 2,365,735
Other 1,994,268 5,201,117 4,246,275 6,016,602 5,429,505
Total Business-Type Activities Expenses 30,314,509 32,568,024 30,335,708 29,953,766 27,697,403
Total Primary Government Expenses 102,673,239$ 95,427,344$ 93,930,631$ 90,655,487$ 87,379,423$
(continued)
City of Oshkosh, Wisconsin
Changes in Net Assets
(accrual basis of accounting)
Last Five Years
96
Exhibit A-3
2011 2010 2009 2008 2007
Net (Expense)/Revenue
Governmental Activities (48,987,981)$ (42,333,669)$ (45,319,363)$ (42,575,548)$ (42,443,374)$
Business-Type Activities 2,977,915 1,009,249 4,408,476 1,862,018 2,380,363
Total Primary Government Net Expense ($46,010,066)($41,324,420)($40,910,887)($40,713,530)($40,063,011)
General Revenues and Other Changes in Net Assets
Governmental Activities:
Taxes:
Property and Other Local Taxes Levied For:
General Purposes 11,910,812$ 12,560,637$ 12,018,253$ 11,128,038$ 10,330,110$
Other Purposes 7,526,939 0 0 0 0
Debt Service 16,623,050 16,675,924 16,440,764 15,793,524 15,705,026
13,227,462 13,454,777 13,809,528 13,975,582 13,924,251
Investment Earnings 585,859 467,806 743,305 1,785,206 2,582,645
Gain (Loss) on Sale of Capital Assets 88,877 75,206 19,333 0 49,723
Miscellaneous 852,301 756,938 955,629 964,403 581,637
Transfers 2,154,845 (237,000)(729,525)(324,407)0
Total Governmental Activities 52,970,145$ 43,754,288$ 43,257,287$ 43,322,346$ 43,173,392$
Business-Type Activities:
General Purposes property taxes levied for 888,750 8,148,457 7,554,946 6,794,421 5,912,175
Investment Earnings 212,089 226,694 294,475 911,358 1,619,447
Gain (Loss) on Sale of Capital Assets 428,485 123,567 252,215 272,592 320,826
Miscellaneous 0 0 0 0 0
Transfers (2,154,845)237,000 729,525 324,407 0
Total Business-Type Activities (625,521)8,735,718 8,831,161 8,302,778 7,852,448
Total Primary Government 52,344,624$ 52,490,006$ 52,088,448$ 51,625,124$ 51,025,840$
Change in Net Assets
Governmental Activities 3,982,164 1,420,619 (2,062,076)746,798 730,018
Business-Type Activities 2,352,394 9,744,967 13,239,637 10,164,796 10,232,811
Total Primary Government Change in Net Assets 6,334,558$ 11,165,586$ 11,177,561$ 10,911,594$ 10,962,829$
Last Five Years
(accrual basis of accounting)
State and Federal Aids Not Restricted to Specific Functions
City of Oshkosh, Wisconsin
Changes in Net Assets (continued)
97
Exhibit A-4
2011 2010 2009 2008 2007 2006 2005 2004 2003
ASSETS
Cash and investments 38,235,541$ 10,546,698$ 9,295,235$ 16,724,271$ 24,205,581$ 24,348,971$ 19,969,678$ 11,280,988$ 13,702,600$
Receivables
Taxes 36,989,935 28,673,282 27,944,646 43,325 34,183 34,207 24,348 210,980 224,726
Special assessment 5,059,577 5,331,796 3,552,858 3,001,690 4,143,515 3,215,502 3,722,991 2,630,633 4,024,964
Accounts 10,841,167 6,320,370 6,614,569 3,161,003 2,964,475 2,923,964 3,080,064 3,113,504 2,005,605
Due from other funds 10,121,838 16,622,884 17,951,282 9,350,690 10,515,858 8,242,107 12,115,772 7,648,980 4,845,943
Due from other governments 351,668 529,619 402,205 346,941 277,590 24,859 22,649 75,780 355,574
Inventories and prepaid items 20,117 15,128 15,934 15,117 12,146 11,860 11,314 11,800 8,639
Notes receivable / loans 3,662,817 3,347,240 3,207,869 3,210,125 3,036,233 2,915,512 2,361,276 2,243,523 2,318,685
Total Assets 105,282,660$ 71,387,017$ 68,984,598$ 35,853,162$ 45,189,581$ 41,716,982$ 41,308,092$ 27,216,188$ 27,486,736$
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable 5,539,093 3,981,228 3,872,628 7,716,490 3,191,288 5,359,211 3,728,771 5,042,990 3,400,458
Accrued payroll liabilities 2,288,070 1,837,904 1,696,448 1,380,300 1,005,030 838,276 848,087 816,120 452,856
Due to other funds 6,379,581 3,111,172 8,505,880 1,858,130 4,614,485 1,777,256 3,381,632 1,939,765 1,700,668
Due to other governments 3,547,266 3,347,240 3,207,869 3,210,125 3,036,233 2,915,512 2,361,276 2,243,523 2,318,685
Deferred revenues 41,832,219 32,380,077 31,648,232 3,177,348 4,554,472 3,538,472 4,008,695 3,047,030 4,353,068
Deposits 1,323,019 1,185,401 1,185,722 1,070,684 1,035,492 1,114,948 1,162,088 1,110,368 963,007
Total Liabilities 60,909,248 45,843,022 50,116,779 18,413,077 17,437,000 15,543,675 15,490,549 14,199,796 13,188,742
Fund Balances
Reserved for
Inventories and prepaid items 20,117 15,128 15,934 15,117 175,800 175,800 175,800 175,800 175,800
Retirement of long-term debt 1,146,983 1,814,545 15,366,502 14,982,030 14,374,421 726,155 758,499
Receivables from other funds 7,822,388
Construction of assets 12,466,838 6,161,672 5,394,152 4,989,533 2,502,562 2,500,545 4,307,252 3,746,057 3,688,771
Debt service 3,827,124 802,645
Special purposes 3,619,623 2,225,449
Trust agreements 7,615,773 3,591,586 3,478,932
Committed to
Special purposes 453,083 1,440,897
Assigned to
Construction of assets 6,368,873 4,378,911
Subsequent years 687,688 766,216
Unreserved - designated 532,461 30,171
Undesignated, reported in
General fund 8,520,110 8,090,093 7,074,708 6,919,987 7,116,709 6,148,721 4,905,892 6,656,451 7,711,675
Special revenue funds (51,337)(32,444)3,110,529 3,670,732 2,591,008 2,366,211 2,054,178 1,711,929 1,963,249
Capital project funds (6,976,868)(1,896,158)(1,885,880)
Total Fund Balances 44,373,412 25,543,995 18,867,819 17,440,085 27,752,581 26,173,307 25,817,543 13,016,392 14,297,994
TOTAL LIABILITIES AND FUND BALANCES
General 19,775,245 18,535,787 15,278,012 9,627,593 10,508,661 8,845,649 7,147,113 8,962,160 9,901,445
Debt Service 17,636,239 17,190,045 17,936,083 1,814,545 15,366,502 14,982,030 14,374,421 804,019 836,363
Other Governmental Funds 67,871,176 35,661,185 35,770,503 24,411,024 19,314,418 17,889,303 19,786,558 17,450,009 16,748,928
105,282,660$ 71,387,017$ 68,984,598$ 35,853,162$ 45,189,581$ 41,716,982$ 41,308,092$ 27,216,188$ 27,486,736$
City of Oshkosh, Wisconsin
Changes in Fund Balances, Governmental Funds
(modified accrual basis of accounting)
History
98
Exhibit A-5
2011 2010 2009 2008 2007
Revenues
Taxes 36,040,150$ 29,175,074$ 28,383,879$ 26,838,787$ 25,911,221$
Special assessments 291,300 3,560,361 1,164,351 1,811,474 1,694,690
Intergovernmental 19,283,704 18,845,337 18,791,932 18,869,185 18,690,654
Licenses and permits 1,903,473 1,550,077 1,454,274 1,612,615 1,709,402
Fines and forfeits 697,601 801,492 818,009 759,287 851,683
Public charges for services 5,163,689 4,919,919 4,464,959 5,035,679 4,578,523
Intergovernmental charges for services 3,240,651 3,348,419 3,361,466 2,440,503 2,545,173
Miscellaneous 6,410,171 2,249,104 3,738,388 4,333,069 4,313,507
Total Revenues 73,030,739 64,449,783 62,177,258 61,700,599 60,294,853
Expenditures
Current
General government 6,029,646 5,929,199 5,864,013 5,849,537 5,854,440
Public safety 23,810,954 22,529,557 22,551,705 22,088,797 21,102,472
Public works 9,704,657 9,449,325 10,775,806 9,618,947 8,712,988
Health and welfare 1,393,121 1,013,821 1,061,628 1,047,247 915,465
Parks and recreation 7,631,194 7,465,635 7,579,261 7,193,198 7,287,802
Transportation 728,496 685,570 661,953 629,293 623,311
Community development 3,777,858 4,711,826 5,276,199 5,458,971 4,070,772
Unclassified 606,496 551,791 388,794 675,718 416,416
Debt service
Principal 7,825,286 9,625,951 5,237,862 18,861,940 5,470,617
Interest and fiscal charges 3,473,041 2,113,520 2,319,996 2,955,006 2,991,930
Capital outlay 19,897,863 9,422,185 8,372,637 4,464,179 6,469,538
Total Expenditures 84,878,612 73,498,380 70,089,854 78,842,833 63,915,751
Excess of Revenues Over (Under)
Expenditures (11,847,873)(9,048,597)(7,912,596)(17,142,234)(3,620,898)
Other Financing Sources (Uses)
Long-term debt issued 22,725,000 18,584,000 6,587,500 7,154,145 5,200,172
Payment to refunding escrow agent (9,968,673)(2,622,227)
Transfers in 13,424,584 9,779,289 9,362,539 8,688,735 8,564,967
Transfers out (11,269,739)(10,016,289)(10,092,064)(9,013,142)(8,564,967)
Total Other Financing Sources (Uses)14,911,172 15,724,773 5,857,975 6,829,738 5,200,172
Excess of Revenues and Other
Financing Sources Over (Under)
Expenditures and Other Financing Uses 3,063,299 6,676,176 (2,054,621)(10,312,496)1,579,274
Fund Balances - January 1, as Restated 41,310,113 18,867,819 20,922,440 27,752,581 26,173,307
Fund Balances - December 31 44,373,412$ 25,543,995$ 18,867,819$ 17,440,085$ 27,752,581$
City of Oshkosh, Wisconsin
Changes in Fund Balances, Governmental Funds
Last Five Fiscal Years
(accrual basis of accounting)
99
Exhibit A-6
City of Oshkosh, Wisconsin
Program Revenues by Function/Program
Last Five Years
2011 2010 2009 2008 2007
REVENUES
Taxes & Special Assess.29,963,092$ 29,067,217$ 28,131,966$ 26,902,068$ 25,939,725$
Licenses & Permits 1,123,724 1,096,477 1,047,967 1,216,972 1,322,421
Fines & Costs 697,601 725,169 740,958 672,789 733,249
Shared Taxes - State and 16,619,739 16,634,254 17,050,881 17,254,764 16,959,446
Federal Aids
Use of Property and Money 282,459 364,032 655,495 980,931 1,173,004
Charges for Current Serv.5,674,622 4,972,238 4,584,998 3,542,358 4,049,304
Interdepartmental Rev.10,423,297 11,106,376 11,713,398 10,548,757 10,091,460
Unclassified 168,966 203,036 219,032 507,414 107,660
64,953,500$ 64,168,799$ 64,144,695$ 61,626,053$ 60,376,269$
SUMMARY-SHARED TAXES-
STATE & FEDERAL AIDS
Shared State Aids 10,804,565$ 10,782,702$ 11,085,640$ 10,969,615$ 11,073,727$
Highway Aids 2,966,375 2,911,503 3,027,523 3,010,732 2,843,112
Elections 0 0 3,847 0 0
Muni. Serv.-State Prop.1,115,138 1,189,833 1,252,757 1,356,188 1,322,063
County Ambulance Aid 20,614 71,554 71,400 169,389 174,934
Parks/Forestry Aids 0 0 2,532 0 5,398
Tax Disparity Aids 1,196,054 1,202,998 1,211,765 1,212,311 1,088,157
Cable TV 10,100 14,200 6,762 8,654 6,332
State Computer Credit 111,569 123,502 141,788 179,659 199,152
Fire 132,877 60,381 56,867 161,558 40,000
Police Training Aids 262,447 277,581 190,000 186,658 206,571
16,619,739$ 16,634,254$ 17,050,881$ 17,254,764$ 16,959,446$
Source: City of Oshkosh Finance Department, Exhibit A-20
100
Exhibit A-7City of Oshkosh, Wisconsin
HISTORICAL VALUATIONS AND TAX RECORDS
ASSESSED
TOTAL STATE VALUE AS A
REAL PERSONAL ASSESSED EQUALIZED PERCENTAGE OF
YEAR ESTATE PROPERTY VALUE VALUATION EQUALIZED VALUE
1994 1,225,515,300 90,718,800 1,316,234,100 1,747,247,000 75.33
1995 1,766,049,300 116,065,600 1,882,114,900 1,827,673,200 102.8
1996 1,821,550,500 116,108,400 1,937,658,900 1,910,807,000 101.41
1997 1,868,133,900 119,457,600 1,987,591,500 2,044,982,800 97.19
1998 1,922,771,400 123,676,200 2,046,447,600 2,155,070,900 94.87
1999 1,972,360,400 100,470,200 2,072,830,600 2,267,759,900 91.44
2000 2,039,759,700 100,600,400 2,140,360,100 2,432,030,100 88.01
2001 2,095,966,400 107,132,500 2,203,098,900 2,566,679,800 85.84
2002 2,157,579,700 109,268,200 2,266,847,900 2,749,469,500 72.45
2003 2,221,822,400 108,150,100 2,329,972,500 2,924,336,700 79.68
2004 2,260,487,900 107,771,900 2,368,259,800 3,141,524,900 75.39
2005 3,260,277,500 135,885,300 3,396,162,800 3,335,517,300 101.82
2006 3,334,485,900 149,401,700 3,483,887,600 3,558,114,300 97.91
2007 3,441,866,900 129,642,300 3,571,509,200 3,722,810,200 95.94
2008 3,517,580,250 141,325,000 3,658,905,250 3,849,076,000 94.99
2009 3,559,320,400 152,720,300 3,712,040,700 3,801,817,900 97.53
2010 3,558,554,500 149,579,500 3,708,134,000 3,779,437,800 98.11
2011 3,581,676,200 147,234,400 3,728,910,600 3,776,085,900 98.82
TAX RATE $1000
STATE
STATE COUNTY COUNTY CITY CITY TAX NET
YEAR TAX TAX SCHOOL SCHOOL*GENERAL TOTAL CREDIT TAX
1994 0.2700 6.5900 0.0000 22.7600 9.9500 39.5700 2.1300 37.44
1995 0.1900 4.6000 0.0000 15.4200 6.9900 27.2000 1.4900 25.71
1996 0.2000 4.6700 0.0000 11.8900 7.5600 24.3200 2.0900 22.23
1997 0.2100 4.8900 0.0000 11.4800 7.9500 24.5300 1.9500 22.58
1998 0.2100 5.2100 0.0000 11.7200 8.1100 25.2500 1.7700 23.48
1999 0.2200 5.4200 0.0000 11.7300 8.1900 25.5600 1.6400 23.92
2000 0.2300 5.7200 0.0000 12.1100 8.9600 27.0200 1.5400 25.48
2001 0.2300 6.2700 0.0000 12.3100 9.7700 28.5800 1.4900 27.09
2002 0.2400 6.6200 0.0000 11.8900 10.0000 28.7500 1.4300 27.32
2003 0.2500 6.6700 0.0000 11.9900 10.0000 28.9100 1.3600 27.55
2004 0.2600 7.1500 0.0000 12.7300 10.5700 30.7100 1.3000 29.41
2005 0.1800 5.2100 0.0000 8.7900 7.6100 21.7900 0.8800 20.91
2006 0.1800 5.4700 0.0000 9.1600 7.8200 22.6300 1.0800 21.55
2007 0.1800 5.6700 0.0000 9.4500 7.9800 23.2800 1.2000 22.08
2008 0.1790 5.7270 0.0000 9.5410 8.2260 23.6730 1.2950 22.378
2009 0.1740 5.6880 0.0000 9.8560 8.3990 24.1170 1.2640 22.853
2010 0.1730 5.8040 0.0000 10.6060 8.6080 25.1910 1.2450 23.946
2011 0.1720 5.7360 0.0000 10.4530 8.7960 25.1570 1.2460 23.911
*City school tax rate includes vocational school rate. In 2011 vocational portion was 1.813.
101
Exhibit A-8
City of Oshkosh, Wisconsin
RECOMMENDED FULL VALUE ASSESSMENTS
Year Residential Mercantile Manufacturing Other Total
1985 658,296,800 254,139,000 100,784,000 0 1,013,219,800
1986 691,246,400 266,936,200 96,754,800 0 1,054,937,400
1987 720,465,800 276,034,600 103,213,500 0 1,099,713,900
1988 755,944,700 285,004,100 110,549,900 0 1,151,498,700
1989 772,577,500 291,199,100 111,800,800 0 1,175,577,400
1990 801,000,600 319,665,600 117,645,200 0 1,238,311,400
1991 864,003,400 340,686,000 122,203,100 0 1,326,892,500
1992 916,608,300 382,824,400 124,178,800 0 1,423,611,500
1993 978,535,600 417,121,300 130,211,200 0 1,525,868,100
1994 1,073,119,800 424,109,800 130,844,400 0 1,628,074,000
1995 1,140,699,100 428,294,700 139,373,100 0 1,708,366,900
1996 1,191,779,200 459,385,800 149,793,000 0 1,800,958,000
1997 1,271,383,300 500,274,400 150,711,500 0 1,922,369,200
1998 1,336,019,700 547,994,300 147,334,200 0 2,031,348,200
1999 1,410,931,800 585,207,400 158,695,200 2,271,000 2,157,105,400
2000 1,519,317,600 627,013,900 171,813,700 205,600 2,318,350,800
2001 1,588,750,300 676,820,500 177,677,300 921,700 2,444,169,800
2002 1,705,634,900 729,344,900 184,670,400 569,700 2,620,219,900
2003 1,799,507,200 799,262,800 192,434,700 728,400 2,791,933,100
2004 1,929,467,500 887,957,700 187,322,000 682,700 3,005,429,900
2005 2,046,379,000 953,894,600 198,994,500 774,900 3,200,043,000
2006 2,149,400,100 1,058,327,500 197,893,800 1,207,700 3,406,829,100
2007 2,217,566,200 1,152,257,000 216,171,100 720,900 3,586,715,200
2008 2,235,321,100 1,237,130,600 227,147,500 725,700 3,700,324,900
2009 2,269,535,600 1,146,062,600 226,006,700 810,100 3,642,415,000
2010 2,253,953,000 1,151,021,000 222,105,900 826,300 3,627,906,200
2011 2,216,853,500 1,174,170,400 234,583,200 763,700 3,626,370,800
Source: WI Department of Revenue - Statistical Report of Property Values 2011
102
Exhibit A-9
Real Property Percentage of Total
Taxpayer Assessed Valuation (1)Assessed Valuation
Dumke & Associates $64,605,500 1.73%
Midwest Realty 55,141,400 1.48
Tom Rusch etal 46,787,200 1.25
Oshkosh Truck 34,253,900 0.92
Curwood 31,740,200 0.85
BFO Factory Shoppes 32,090,900 0.86
Charles Perry 31,038,400 0.83
Aurora Medical 27,091,600 0.73
Peter Jungbacker etal 26,061,400 0.70
Dennis Schwab etal 23,945,200 0.64
0.00
$372,755,700 10.00%
Total Assessed Valuation $3,728,910,600
December 31, 2001
Real Property Percentage of Total
Taxpayer Assessed Valuation (1)Assessed Valuation
Curwood Inc. (Bemis) & Weldon Inc.$36,440,900 1.65%
John Mark - Security Investments 25,478,900 1.16
Thomas N. Rusch, etal.22,663,700 1.03
Aurora Medical 17,927,500 0.81
Oshkosh Truck Corp., Cadence Co.14,121,300 0.64
Miles Kimball 14,369,300 0.65
First Horizon Group Ltd. Partnership 13,067,000 0.59
Firstar Bank 8,330,900 0.38
Dennis Schwab 9,940,100 0.45
Experimental Aircraft Association 3,889,900 0.18
$166,229,500 7.54%
Total Assessed Valuation $2,203,128,900
(1) Assessed valuation based on the valuation of property for taxes collected in 2011 and 2001
respectively, and a review of the 10 largest taxpayers for the City.
Source: City of Oshkosh Assessor's Office
City of Oshkosh, Wisconsin
Principal Taxpayers
12/31/2001 and 12/31/2011
December 31, 2011
103
Exhibit A-10
County
Settlement
Total City for Delinquent Total
Tax Tax Tax Tax
Year Levy Collections Collections Collections
2010 $97,053,509 $92,726,230 95.54 %$4,277,936 $97,004,166 99.95 %
2009 93,178,460 90,156,910 96.76 2,973,400 93,130,310 99.95
2008 89,123,760 86,319,259 96.85 2,756,957 89,076,216 99.95
2007 86,119,686 83,580,798 97.05 2,491,982 86,072,780 99.95
2006 81,158,972 78,653,692 96.91 2,466,249 81,119,941 99.95
2005 76,396,795 74,165,036 97.08 2,058,798 76,223,834 99.77
2004 74,331,644 72,467,595 97.49 1,820,386 74,287,981 99.94
2003 69,933,492 67,935,039 97.14 1,781,879 69,716,918 99.69
2002 67,421,077 65,397,614 97.00 1,795,518 67,193,132 99.66
2001 64,794,558 63,274,133 97.65 1,438,894 64,713,027 99.87
Sources: Winnebago County Treasurer and City of Oshkosh Department of Finance.
Collections
To Tax Levy
City of Oshkosh, Wisconsin
Property Tax Levies And Collections
2001 - 2010
Percent of
City Tax
Tax Collections
Prior to
Collections /
Adjustments
Percent of Total
104
Exhibit A-11
STATEMENT OF INDEBTEDNESS
City of Oshkosh, Wisconsin
As of December 31, 2011
GENERAL OBLIGATION DEBT OUTSTANDING
AND LEGAL DEBT MARGIN
For City For School
General Purposes Purposes
Equalized Value..................................$3,776,085,900 $4,745,573,952
Legal Debt Margin*............................5 %10 %
188,804,295 474,557,395
Bonds Outstanding..............................133,631,861 11,875,000
Legal Debt Margin..............................$55,172,434 $462,682,395
*Pursuant to Section 67.03, Wisconsin Statutes, the total indebtedness of the City for general
purposes may not exceed 5% of the value of the taxable property located therein as equalized
for State purposes. The total indebtedness of the City for school purposes may not exceed 10%
of the value of the taxable property located therein, plus the value of taxable property in the
territory attached to the City for school purposes only.
Per Cent of Debt
Applicable to Municipality's
Outstanding Municipality Share of Debt
For City General Purposes.....$133,631,861 100.00% $133,631,861
Total Direct Debt.................... 133,631,861 133,631,861
OVERLAPPING DEBT
Winnebago County..................58,748,000 31.7148%18,631,811
For School Purposes...............11,875,000 75.4729%8,962,407
Fox Valley Tech. College........34,360,000 10.8782%3,737,750
Total Debt................................$238,614,861 $164,963,828
2011 Population - 66,083
Ratio of Debt to Equalized Value: Direct Municipal Purposes only..... 3.54%
Ratio of Debt Per Capita:Direct Municipal Purposes Only..... $2,022.18
Current Investment Rating by Moody's, Aa2
105
Exhibit A-12City of Oshkosh, Wisconsin
Schedule of Bonds and Notes for City Purposes, Issued,
Retired and Outstanding as of December 31, 2011.
Year of Authorized Retired as of Outstanding
Issue and Issued 12-31-11 12-31-11
BONDS
Clean Water Fund - Improvements to sewer utility. 1993 2,881,402 2,671,886 209,516
Note: Amount authorized up to $2,994,450.
Clean Water Fund - Improvements to sewer utility. 1995 17,631,411 13,786,416 3,844,995
Note: Amount authorized up to $18,388,072
Water Revenue Bond - Safe Drinking Water 1998 11,913,672 6,826,631 5,087,041
Clean Water Fund - Improvements to sewer utility. 1999 3,169,210 1,692,028 1,477,182
Water Revenue Bonds - Safe Drinking Water 2000 13,636,364 6,962,857 6,673,507
Safe Drinking Water Bond 2001 3,483,913 1,507,109 1,976,804
Corporate Purpose Bonds 03A, Park Improvements,2003 11,675,000 11,085,000 590,000
Splash pad, Fire Engine, repl Transit buses, upgrade
Cable TV, storm, TIF 19, 18, 14, 13, 12. REF. '11A
Corporate Purpose Taxable Bonds 2003C 2003 1,420,000 410,000 1,010,000
Corporate Purpose Taxable Ref Bonds, TIF 15, TIF 11,2003 8,615,000 8,615,000 0
TIF 13, TIF 12, TIF 8, TIF 14, 2003D. REF. '11B
Corporate Purpose Refunding Bonds 2003E, Gen and Parking 2003 1,050,000 1,050,000 0
REF. '11A
Water Rev Ref Bonds 2003G 2003 2,065,000 1,830,000 235,000
Corporate Purpose Bonds 04A, Sawyer St and bridge,2004 6,480,000 1,745,000 4,735,000
Witzel and Church Ave, Park Imp, Swr, Wtr, Storm,
Gen, TIF 19-NW Ind Park, TIF 14-Mercy Medical
Centre Taxable Rev Ref Bonds 2004 2,065,000 2,065,000 0
Rev Bond Clean Water Fund 2004 3,361,441 965,846 2,395,595
Corporate Purpose G O Bonds 2005A, playground,2005 7,395,000 1,775,000 5,620,000
Three basketball courts, TIF 19, TIF 14, TIF 18, Wtr,
Swr, General
Storm Water Revenue Bonds 2005C 2005 4,820,000 1,095,000 3,725,000
Corporate Purpose Refunding Bonds 2005D 2005 18,335,000 7,115,000 11,220,000
Corporate Purpose Bonds 2006A, streets, floating dock 2006 9,265,000 1,775,000 7,490,000
along amphitheater, swr, gen, TIF20
Corporate Purpose GO Bonds 2006C, Tif 20 2006 1,995,000 360,000 1,635,000
G O Refunding Bonds 2006D, ref 1998-C and 1998-D 2006 11,865,000 10,060,000 1,805,000
Water Rev Ref Bonds 2006G 2006 12,705,000 1,855,000 10,850,000
Corporate Purpose G O Bonds 2007A, Streets, Swr,2007 7,950,000 1,185,000 6,765,000
Park Improvements, Water
Corporate Purpose G O Bonds 2008A, General 2008 5,105,000 560,000 4,545,000
Water Revenue Bonds, Safe Drinking, 2008 2008 7,069,143 605,106 6,464,037
Corporate Purpose G O Bonds 2009A, TIF 18, Water, Sewer,2009 16,740,000 1,810,000 14,930,000
Storm, and General
Corporate Purpose Bonds 2010A, General and TIF 18 2010 9,140,000 200,000 8,940,000
Corporate Purpose Refunding Bonds 2010C, TIF 6, 7, 8, 12, 13,2010 12,620,000 920,000 11,700,000
14, 18, Cable TV, Transit, Parking, Storm, Water, Sewer, Gen.
Corporate Purpose Taxable Ref. Bonds 2010D, TIF 13, 16, 17,2010 8,420,000 310,000 8,110,000
Oshkosh Center, and Ind Park
Storm Water Rev Bonds 2010E 2010 20,800,000 700,000 20,100,000
Water Rev Bonds 2010F 2010 5,740,000 270,000 5,470,000
Sewer Rev Bonds 2010G 2010 4,890,000 165,000 4,725,000
STATEMENT OF INDEBTEDNESS
106
Exhibit A-12City of Oshkosh, Wisconsin
Schedule of Bonds and Notes for City Purposes, Issued,
Retired and Outstanding as of December 31, 2011.
Year of Authorized Retired as of Outstanding
Issue and Issued 12-31-11 12-31-11
STATEMENT OF INDEBTEDNESS
Corporate Purpose Bonds 2011A, Gen., Water, Storm, Parking, 2011 8,490,000 135,000 8,355,000
TIF 13, 14, 18, and 19.
Taxable G O Refunding Bonds, 2011B, TIF 11, 12, 13, 14, 15, 2011 6,350,000 6,350,000
Industrial Park.
Corporate Purpose Bonds 2011C, General, TIF 17, 18, and 21 2011 9,965,000 9,965,000
Sewer Rev Bonds 2011E 2011 8,290,000 8,290,000
Water Rev Bonds 2011F 2011 6,510,000 6,510,000
TOTAL BONDS 293,906,556 92,107,879 201,798,677
NOTES
Promissory Notes, 2002B 2002 2,260,000 2,260,000 0
Promissory Notes - TIF 18 SW Ind Comm of Pub Lands REF. '11B 2002 1,012,000 1,012,000 0
Promissory Notes 03 TIF 14 Mercy Comm of Pub Land REF. '11B 2003 375,000 375,000 0
Promissory Notes 03 TIF 13 Comm of Pub Lands REF. '11B 2003 1,365,720 1,365,720 0
Promissory Refunding Notes 2003F, Swr, Wtr, Gen, Transit,2003 4,380,000 4,380,000 0
TIF 8-S Aviation, TIF 7-SW Ind
Promissory Notes 03 TIF 13 Comm of Pub Lands,REF. '11B 2003 226,000 226,000 0
Osh Centre Hotel and Covention Center
Promissory Notes 04 G O, Gen, Wtr, Swr 2004 1,565,000 1,165,000 400,000
Prom Notes State Trust Fund, Riverside Park-refunded by 2010C 2004 1,200,000 1,200,000 0
Promissory Notes TIF 14 Comm of Pub Lands REF. '11B 2004 99,000 99,000 0
Promissory Notes TIF 14 Comm of Pub Lands REF. '11B 2004 100,000 100,000 0
Promissory Notes 2005B, Gen, Wtr, Swr, Storm 2005 2,540,000 1,600,000 940,000
Promissory Notes 05 Expand Riverside Park 2005 200,000 42,737 157,263
Promissory Notes 05 TIF 13 and TIF 17 2005 1,163,000 209,426 953,574
Promissory Notes 05 TIF 8 and TIF 13 2005 656,000 118,129 537,871
Promissory Notes 06B, Gen, Water, Sewer, Storm, Trans 2006 2,500,000 1,275,000 1,225,000
Promissory Notes 07B, Gen, Water, Sewer, Storm,2007 3,375,000 1,345,000 2,030,000
Ohio/WI St Bridge, Swr interceptor Hazel/New York,
Sanitation automated collect, Wtr new meter reading.
Promissory Notes 08B, Golf and General 2008 1,565,000 460,000 1,105,000
Promissory Notes 2008, Board Comm, Tif 20, Ind Park 2008 1,419,815 135,376 1,284,439
Promissory Notes 2009B, Transit, Water, Sewer, Storm, Gen.2009 2,945,000 665,000 2,280,000
Promissory Notes 2009C, Convention Center and Ind. Park 2009 1,322,463 224,940 1,097,523
Promissory Notes 2009, TIF 20 2009 792,933 62,811 730,122
Promissory Notes 2010, TIF 20 2010 256,068 256,068
Promissory Notes 2010B, Transit, Library, Water, Sewer,2010 4,150,000 175,000 3,975,000
Storm, and General
General Obligation Promissory Notes, 2011D, Gen., Transit 2011 2,895,000 2,895,000
TOTAL NOTES 38,362,999 18,496,139 19,866,860
NET INDEBTEDNESS FOR CITY GENERAL PURPOSES $332,269,555 110,604,018 221,665,537
107
Exhibit A-13
(1 OF 3)
Calendar Build America Build America Build America
Year Bonds Bonds Credit Notes Notes Credit Revenue Bonds Notes Credit Total
2012 13,932,337$ (367,339)$ 3,233,284$ (66,225)$ 9,167,437$ (405,879)$ 25,493,615$
2013 12,498,744 (357,377)3,281,335 (62,130)9,164,715 (401,031)24,124,256
2014 12,378,053 (345,746)3,129,290 (57,050)9,154,163 (394,486)23,864,224
2015 12,095,685 (332,354)2,824,165 (50,580)7,824,319 (386,207)21,975,028
2016 11,808,735 (317,720)2,509,983 (43,116)7,806,405 (376,172)21,388,115
2017 11,551,536 (301,771)2,082,498 (34,160)7,806,632 (364,331)20,740,404
2018 11,171,979 (283,811)1,833,563 (24,039)7,813,004 (350,551)20,160,145
2019 10,740,853 (264,068)1,506,064 (13,381)7,041,207 (334,251)18,676,424
2020 10,025,805 (243,687)1,223,230 (6,896)5,904,994 (315,579)16,587,867
2021 8,992,909 (222,337)611,310 0 5,904,742 (295,551)14,991,073
2022 7,143,691 (199,749)282,491 0 5,154,118 (274,163)12,106,388
2023 5,931,743 (176,688)282,492 0 4,921,938 (250,832)10,708,653
2024 5,138,018 (152,557)282,491 0 4,929,430 (225,320)9,972,062
2025 4,420,516 (127,855)282,492 0 4,707,533 (197,537)9,085,149
2026 3,320,286 (102,497)120,670 0 4,372,464 (167,401)7,543,522
2027 2,608,365 (76,354)120,671 0 3,563,784 (134,644)6,081,822
2028 2,149,967 (49,549)0 0 3,544,281 (99,457)5,545,242
2029 1,101,379 (21,903)0 0 3,095,253 (61,794)4,112,935
2030 1,085,179 3,112,383 (21,134)4,176,428
2030 433,500 (11,193)0 0 724,200 1,146,507
148,529,280$ (3,954,555)$ 23,606,029$ (357,577)$ 115,713,002$ (5,056,320)$ 278,479,859$
Total Special Assessments against property in the City of Oshkosh are as follows:
Street Improvements 2,533,936$
Sanitary Sewers 397,528
Water Mains 103,134
Sidewalks 404,759
Deferred Assessments 200,874
Plumbing 29,781
Electrical 0
Overlay 56,502
Engineering 0
3,726,514$
The City of Oshkosh is not responsible for the payments of the above special assessments and the special
assessments cannot be paid from ad valorem taxes.
ISSUED FOR CITY PURPOSES AS OF DECEMBER 31, 2011
SPECIAL ASSESSMENTS AS OF 12-31-11
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENT FOR OUTSTANDING
GENERAL OBLIGATION BONDS AND NOTES AND REVENUE BONDS
108
Exhibit A-13
(2 OF 3)
Calendar
Year Bonds Notes Revenue Bonds Total
2012 9,535,000$ 2,513,021$ 6,348,618$ 18,396,639$
2013 8,530,000 2,655,769 6,434,435 17,620,204
2014 8,665,000 2,593,141 6,597,693 17,855,834
2015 8,660,000 2,376,319 5,429,173 16,465,492
2016 8,655,000 2,144,888 5,559,744 16,359,632
2017 8,695,000 1,795,223 5,717,102 16,207,325
2018 8,630,000 1,611,050 5,891,291 16,132,341
2019 8,515,000 1,342,844 5,291,908 15,149,752
2020 8,125,000 1,108,294 4,316,924 13,550,218
2021 7,405,000 538,900 4,471,428 12,415,328
2022 5,850,000 224,220 3,872,625 9,946,845
2023 4,885,000 235,042 3,786,822 8,906,864
2024 4,310,000 246,289 3,946,354 8,502,643
2025 3,785,000 258,280 3,884,589 7,927,869
2026 2,860,000 108,933 3,709,630 6,678,563
2027 2,285,000 114,652 3,044,910 5,444,562
2028 1,940,000 0 3,160,432 5,100,432
2029 990,000 0 2,850,000 3,840,000
2030 1,020,000 0 3,010,000 4,030,000
2031 425,000 710,000 1,135,000
113,765,000$ 19,866,865$ 88,033,678$ 221,665,543$
ISSUED FOR CITY PURPOSES AS OF DECEMBER 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL REQUIREMENT FOR OUTSTANDING
GENERAL OBLIGATION BONDS AND NOTES AND REVENUE BONDS
109
Exhibit A-13
(3 OF 3)
Calendar Build America
Year Bonds Notes Revenue Bonds Bonds Credit Total
2012 4,397,337$ 720,263 2,818,819$ (839,443)7,096,976$
2013 3,968,744 625,566 2,730,280 (820,538)6,504,052
2014 3,713,053 536,149 2,556,470 (797,282)6,008,390
2015 3,435,685 447,846 2,395,146 (769,141)5,509,536
2016 3,153,735 365,095 2,246,661 (737,008)5,028,483
2017 2,856,536 287,275 2,089,530 (700,262)4,533,079
2018 2,541,979 222,513 1,921,713 (658,401)4,027,804
2019 2,225,853 163,220 1,749,299 (611,700)3,526,672
2020 1,900,805 114,936 1,588,070 (566,162)3,037,649
2021 1,587,909 72,410 1,433,314 (517,888)2,575,745
2022 1,293,691 58,271 1,281,493 (473,912)2,159,543
2023 1,046,743 47,450 1,135,116 (427,520)1,801,789
2024 828,018 36,202 983,076 (377,877)1,469,419
2025 635,516 24,212 822,944 (325,392)1,157,280
2026 460,286 11,737 662,834 (269,898)864,959
2027 323,365 6,019 518,874 (210,998)637,260
2028 209,967 0 383,849 (149,006)444,810
2029 111,379 0 245,253 (83,697)272,935
2030 65,179 0 102,383 (32,327)135,235
2031 8,500 14,200 22,700
34,764,280$ 3,739,164$ 27,679,324$ (9,368,452)$ 56,814,316$
ISSUED FOR CITY PURPOSES AS OF DECEMBER 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL INTEREST REQUIREMENT FOR OUTSTANDING
GENERAL OBLIGATION BONDS AND NOTES AND REVENUE BONDS
110
Exhibit A-14
Calendar Build America
Year Principal Interest Bonds Credit Total
2012 9,535,000$ 4,397,337$ (367,339)$ 13,564,998$
2013 8,530,000 3,968,744 (357,377)12,141,367
2014 8,665,000 3,713,053 (345,746)12,032,307
2015 8,660,000 3,435,685 (332,354)11,763,331
2016 8,655,000 3,153,735 (317,720)11,491,015
2017 8,695,000 2,856,536 (301,771)11,249,765
2018 8,630,000 2,541,979 (283,811)10,888,168
2019 8,515,000 2,225,853 (264,068)10,476,785
2020 8,125,000 1,900,805 (243,687)9,782,118
2021 7,405,000 1,587,909 (222,337)8,770,572
2022 5,850,000 1,293,691 (199,749)6,943,942
2023 4,885,000 1,046,743 (176,688)5,755,055
2024 4,310,000 828,018 (152,557)4,985,461
2025 3,785,000 635,516 (127,855)4,292,661
2026 2,860,000 460,286 (102,497)3,217,789
2027 2,285,000 323,365 (76,354)2,532,011
2028 1,940,000 209,967 (49,549)2,100,418
2029 990,000 111,379 (21,903)1,079,476
2030 1,020,000 65,179 (11,193)1,073,986
2031 425,000 8,500 433,500
113,765,000$ 34,764,280$ (3,954,555)$ 144,574,725$
(Includes Amounts Issued to Other Funds)
December 31, 2011
BONDS
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION BONDS AND NOTES
111
Exhibit A-14
Calendar Build America
Year Principal Interest Bonds Credit Total
2012 2,513,021$ 720,263$ (66,225)$ 3,167,059$
2013 2,655,769 625,566 (62,130)3,219,205
2014 2,593,141 536,149 (57,050)3,072,240
2015 2,376,319 447,846 (50,580)2,773,585
2016 2,144,888 365,095 (43,116)2,466,867
2017 1,795,223 287,275 (34,160)2,048,338
2018 1,611,050 222,513 (24,039)1,809,524
2019 1,342,844 163,220 (13,381)1,492,683
2020 1,108,294 114,936 (6,896)1,216,334
2021 538,900 72,410 0 611,310
2022 224,220 58,271 0 282,491
2023 235,042 47,450 0 282,492
2024 246,289 36,202 0 282,491
2025 258,280 24,212 0 282,492
2026 108,933 11,737 0 120,670
2027 114,652 6,019 0 120,671
19,866,865$ 3,739,164$ (357,577)$ 23,248,452$
TOTAL G.O. INDEBTNESS 133,631,865$ 38,503,444$ (4,312,132)$ 167,823,177$
CITY OF OSHKOSH
December 31, 2011
NOTES
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION BONDS AND NOTES
(Includes Amounts Issued to Other Funds)
112
Exhibit A-14
(2 OF 12)
Calendar Build America Build America
Year Notes Notes Credit Bonds Bonds Credit Total
2012 3,233,284$ (66,225)13,932,337$ (367,339)$ 16,732,057$
2013 3,281,335 (62,130)12,498,744 (357,377)15,360,572
2014 3,129,290 (57,050)12,378,053 (345,746)15,104,547
2015 2,824,165 (50,580)12,095,685 (332,354)14,536,916
2016 2,509,983 (43,116)11,808,735 (317,720)13,957,882
2017 2,082,498 (34,160)11,551,536 (301,771)13,298,103
2018 1,833,564 (24,039)11,171,979 (283,811)12,697,693
2019 1,506,064 (13,381)10,740,853 (264,068)11,969,468
2020 1,223,230 (6,896)10,025,805 (243,687)10,998,452
2021 611,311 0 8,992,909 (222,337)9,381,883
2022 282,492 0 7,143,691 (199,749)7,226,434
2023 282,492 0 5,931,743 (176,688)6,037,547
2024 282,492 0 5,138,018 (152,557)5,267,953
2025 282,491 0 4,420,516 (127,855)4,575,152
2026 120,669 0 3,320,286 (102,497)3,338,458
2027 120,669 0 2,608,366 (76,354)2,652,681
2028 0 0 2,149,966 (49,549)2,100,417
2029 0 0 1,101,379 (21,903)1,079,476
2030 0 0 1,085,179 (11,193)1,073,986
2031 0 0 433,500 0 433,500
23,606,029$ (357,577)$ 148,529,280$ (3,954,555)$ 167,823,177$
ISSUED FOR CITY PURPOSES AS OF DECEMBER 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENT FOR OUTSTANDING
GENERAL OBLIGATION BONDS AND NOTES
113
Exhibit A-14
(3 OF 12)
Calendar
Year Principal Interest Total
2012 6,333,699$ 2,383,362$ 8,717,061$
2013 5,503,854 2,161,610 7,665,464
2014 5,499,675 1,986,472 7,486,147
2015 5,279,602 1,806,965 7,086,567
2016 5,091,943 1,633,452 6,725,395
2017 4,827,245 1,459,987 6,287,232
2018 4,475,952 1,288,488 5,764,440
2019 4,198,469 1,129,203 5,327,672
2020 3,990,912 976,228 4,967,140
2021 3,103,175 824,388 3,927,563
2022 2,549,632 709,316 3,258,948
2023 2,367,309 602,948 2,970,257
2024 2,304,154 497,089 2,801,243
2025 2,122,015 396,277 2,518,292
2026 1,700,007 299,095 1,999,102
2027 1,459,362 218,920 1,678,282
2028 1,068,652 148,379 1,217,031
2029 865,000 95,780 960,780
2030 890,000 54,580 944,580
2031 290,000 5,800 295,800
63,920,657$ 18,678,339$ 82,598,996$
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR GENERAL CITY PURPOSES
December 31, 2011
114
Exhibit A-14
(4 OF 12)
Calendar
Year Principal Interest Total
2012 1,133,213$ 537,880$ 1,671,093$
2013 1,077,366 499,434 1,576,800
2014 1,098,442 463,205 1,561,647
2015 1,064,089 424,784 1,488,873
2016 1,049,346 386,996 1,436,342
2017 1,033,528 347,146 1,380,674
2018 1,066,064 306,990 1,373,054
2019 1,082,235 266,235 1,348,470
2020 1,027,663 223,385 1,251,048
2021 822,657 182,135 1,004,792
2022 728,864 147,769 876,633
2023 687,637 115,900 803,537
2024 601,685 83,511 685,196
2025 475,925 55,896 531,821
2026 382,727 33,443 416,170
2027 133,573 15,196 148,769
2028 133,573 7,682 141,255
13,598,587$ 4,097,587$ 17,696,174$
Debt Service Payments are made from the Utility User Fees.
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR SEWER UTILITY
115
Exhibit A-14
(5 OF 12)
Calendar
Year Principal Interest Total
2012 749,544$ 441,828$ 1,191,372$
2013 738,434 417,293 1,155,727
2014 743,014 394,256 1,137,270
2015 734,791 369,112 1,103,903
2016 705,012 343,178 1,048,190
2017 713,100 317,249 1,030,349
2018 720,496 289,526 1,010,022
2019 711,092 260,111 971,203
2020 723,997 230,369 954,366
2021 711,902 199,642 911,544
2022 725,776 167,699 893,475
2023 482,417 134,558 616,975
2024 388,486 107,790 496,276
2025 386,254 86,423 472,677
2026 386,254 65,179 451,433
2027 386,254 43,936 430,190
2028 386,254 22,209 408,463
2029 0 0 0
2030 0 0 0
10,393,077$ 3,890,358$ 14,283,435$
Debt Service Payments are made from the Utility User Fees.
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR STORM WATER UTILITY
116
Exhibit A-14
(6 OF 12)
Calendar
Year Principal Interest Total
2012 990,402$ 409,838$ 1,400,240$
2013 1,025,981 376,706 1,402,687
2014 998,514 342,859 1,341,373
2015 991,131 308,978 1,300,109
2016 995,310 274,504 1,269,814
2017 869,749 238,375 1,108,124
2018 823,439 206,259 1,029,698
2019 765,415 175,807 941,222
2020 702,860 146,862 849,722
2021 695,945 120,017 815,962
2022 556,716 92,441 649,157
2023 427,774 68,794 496,568
2024 334,909 47,939 382,848
2025 197,800 32,400 230,200
2026 202,458 22,518 224,976
2027 109,287 12,433 121,720
2028 109,286 6,287 115,573
10,796,976$ 2,883,017$ 13,679,993$
Debt Service Payments are made from the Utility User Fees.
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR WATER UTILITY
117
Exhibit A-14
(7 OF 12)
Calendar
Year Principal Interest Total
2012 48,667$ 5,702$ 54,369$
2013 48,667 4,356 53,023
2014 53,000 2,758 55,758
2015 27,222 988 28,210
177,556$ 13,804$ 191,360$
Debt Service Payments are made from User Fees.
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR PARKING UTILITY
118
Exhibit A-14
(8 OF 12)
Calendar
Year Principal Interest Total
2012 84,558$ 9,646$ 94,204$
2013 39,617 7,287 46,904
2014 39,658 6,477 46,135
2015 34,686 5,539 40,225
2016 33,366 4,658 38,024
2017 33,366 3,819 37,185
2018 33,262 3,039 36,301
2019 30,000 2,115 32,115
2020 30,000 1,410 31,410
2021 30,000 353 30,353
388,513$ 44,343$ 432,856$
Debt Service Payments are made from User Fees.
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR TRANSIT SYSTEM
119
Exhibit A-14
(9 OF 12)
Calendar
Year Principal Interest Total
2012 293,356$ 126,638$ 419,994$
2013 319,480 106,847 426,327
2014 325,692 97,514 423,206
2015 342,193 86,956 429,149
2016 353,869 75,578 429,447
2017 361,106 62,750 423,856
2018 383,553 49,045 432,598
2019 241,346 34,074 275,420
2020 100,617 23,292 123,909
2021 102,267 18,702 120,969
2022 108,961 13,853 122,814
2023 35,744 10,420 46,164
2024 37,598 8,565 46,163
2025 39,595 6,569 46,164
2026 41,674 4,490 46,164
2027 43,861 2,303 46,164
3,130,912$ 727,596$ 3,858,508$
Debt Service Payments are made from Industrial Park Land Sales.
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR INDUSTRIAL PARK
120
Exhibit A-14
(10 OF 12)
Calendar
Year Principal Interest Total
2012 2,339,140$ 1,199,014$ 3,538,154$
2013 2,421,355 1,018,777 3,440,132
2014 2,488,847 954,168 3,443,015
2015 2,550,908 879,160 3,430,068
2016 2,558,883 799,829 3,358,712
2017 2,649,511 714,379 3,363,890
2018 2,738,285 621,220 3,359,505
2019 2,829,285 521,527 3,350,812
2020 2,657,246 414,160 3,071,406
2021 2,477,951 315,086 2,793,037
2022 1,404,270 220,885 1,625,155
2023 1,119,159 161,573 1,280,732
2024 889,457 119,312 1,008,769
2025 821,693 82,156 903,849
2026 255,812 47,303 303,115
2027 267,313 36,602 303,915
2028 242,234 25,417 267,651
2029 125,000 15,600 140,600
2030 130,000 10,600 140,600
2031 135,000 2,700 137,700
31,101,349$ 8,159,468$ 39,260,817$
Debt Service Payments are to be made from Tax Incremental Financing Payments.
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR TAX INCREMENTAL FINANCING DISTRICTS
121
Exhibit A-14
(11 OF 12)
Calendar
Year Principal Interest Total
2012 70,556$ 2,504$ 73,060$
2013 5,852 980 6,832
2014 6,000 746 6,746
2015 6,222 506 6,728
2016 6,444 258 6,702
95,074$ 4,994$ 100,068$
Debt Service Payments are made from PEG Access Fees.
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR CABLE TV
122
Exhibit A-14
(12 OF 12)
Calendar
Year Principal Interest Total
2012 4,887$ 1,122$ 6,009$
2013 5,162 942 6,104
2014 5,300 748 6,048
2015 5,475 548 6,023
2016 5,714 332 6,046
2017 2,620 104 2,724
29,158$ 3,796$ 32,954$
Debt Service Payments are made from the User Fees.
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
GENERAL OBLIGATION DEBT OBTAINED FOR GOLF COURSE
123
Exhibit A-15
(1 OF 5)
Calendar Build America
Year Principal Interest Bonds Credit Total
2012 6,348,618$ 2,818,819$ (405,879)$ 8,761,558$
2013 6,434,435 2,730,280 (401,031)8,763,684
2014 6,597,693 2,556,470 (394,486)8,759,677
2015 5,429,173 2,395,146 (386,207)7,438,112
2016 5,559,744 2,246,661 (376,172)7,430,233
2017 5,717,102 2,089,530 (364,331)7,442,301
2018 5,891,291 1,921,713 (350,551)7,462,453
2019 5,291,908 1,749,299 (334,251)6,706,956
2020 4,316,924 1,588,070 (315,579)5,589,415
2021 4,471,428 1,433,314 (295,551)5,609,191
2022 3,872,625 1,281,493 (274,163)4,879,955
2023 3,786,822 1,135,116 (250,832)4,671,106
2024 3,946,354 983,076 (225,320)4,704,110
2025 3,884,589 822,944 (197,537)4,509,996
2026 3,709,630 662,834 (167,401)4,205,063
2027 3,044,910 518,874 (134,644)3,429,140
2028 3,160,432 383,849 (99,457)3,444,824
2029 2,850,000 245,253 (61,794)3,033,459
2030 3,010,000 102,383 (21,134)3,091,249
2031 710,000 14,200 724,200
88,033,678$ 27,679,324$ (5,056,320)$ 110,656,682$
TOTAL REVENUE
DEBT
(Includes Amounts Issued to Other Funds)
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
REVENUE BONDS
124
Exhibit A-15
(2 OF 5)
Calendar
Year Principal Interest Total
2012 235,000$ 4,582 239,582$
235,000$ 4,582$ 239,582$
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
REVENUE DEBT OBTAINED FOR TAX INCREMENTAL FINANCING
DISTRICTS
125
Exhibit A-15
(3 OF 5)
Calendar
Year Principal Interest Total
2012 2,695,201$ 1,283,579$ 3,978,780$
2013 3,157,439 1,271,938 4,429,377
2014 3,236,117 1,182,397 4,418,514
2015 3,336,271 1,089,691 4,425,962
2016 3,412,942 993,684 4,406,626
2017 3,511,176 894,282 4,405,458
2018 3,626,010 790,194 4,416,204
2019 2,952,035 689,530 3,641,565
2020 2,099,467 606,167 2,705,634
2021 2,179,361 532,479 2,711,840
2022 1,810,835 461,464 2,272,299
2023 1,650,197 397,289 2,047,486
2024 1,714,779 334,077 2,048,856
2025 1,784,589 267,293 2,051,882
2026 1,859,630 196,739 2,056,369
2027 1,089,910 141,146 1,231,056
2028 1,130,432 101,121 1,231,553
2029 710,000 64,130 774,130
2030 740,000 30,615 770,615
2031 335,000 6,700 341,700
43,031,391$ 11,334,515$ 54,365,906$
Debt Service Payments are made from the Utility User Fees.
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
REVENUE DEBT OBTAINED FOR WATER UTILITY
126
Exhibit A-15
(4 OF 5)
Calendar
Year Principal Interest Total
2012 2,433,417$ 595,965$ 3,029,382$
2013 2,271,996 541,338 2,813,334
2014 2,331,576 478,929 2,810,505
2015 1,042,902 435,981 1,478,883
2016 1,066,802 413,015 1,479,817
2017 1,090,926 388,812 1,479,738
2018 1,115,281 362,572 1,477,853
2019 1,144,873 333,208 1,478,081
2020 972,457 302,738 1,275,195
2021 1,002,067 272,457 1,274,524
2022 716,790 245,714 962,504
2023 736,625 222,110 958,735
2024 766,575 196,658 963,233
2025 575,000 171,979 746,979
2026 600,000 148,129 748,129
2027 630,000 122,225 752,225
2028 655,000 94,064 749,064
2029 690,000 63,809 753,809
2030 725,000 31,599 756,599
2031 375,000 7,500 382,500
20,942,287$ 5,428,802$ 26,371,089$
Debt Service Payments are made from the Utility User Fees.
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
REVENUE DEBT OBTAINED FOR SEWER UTILITY
127
Exhibit A-15
(5 OF 5)
Calendar
Year Principal Interest Total
2012 985,000$ 934,693$ 1,919,693$
2013 1,005,000 917,004 1,922,004
2014 1,030,000 895,144 1,925,144
2015 1,050,000 869,474 1,919,474
2016 1,080,000 839,962 1,919,962
2017 1,115,000 806,436 1,921,436
2018 1,150,000 768,947 1,918,947
2019 1,195,000 726,561 1,921,561
2020 1,245,000 679,165 1,924,165
2021 1,290,000 628,378 1,918,378
2022 1,345,000 574,315 1,919,315
2023 1,400,000 515,717 1,915,717
2024 1,465,000 452,341 1,917,341
2025 1,525,000 383,672 1,908,672
2026 1,250,000 317,966 1,567,966
2027 1,325,000 255,503 1,580,503
2028 1,375,000 188,665 1,563,665
2029 1,450,000 117,315 1,567,315
2030 1,545,000 40,170 1,585,170
23,825,000$ 10,911,428$ 34,736,428$
Debt Service Payments are made from the Utility User Fees.
December 31, 2011
CITY OF OSHKOSH
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
REVENUE DEBT OBTAINED FOR STORM WATER UTILITY
128
Exhibit A-16
Total Per Capita
Personal Personal Median School Total Assessed
Year Population (1) Income (2) Income (3)Age (4)Enrollment (5)Property Value (8)
2011 66,083 $1,550,703,678 $23,466 34.1 11,399 7.4%$130,976 $3,728,910,600
2010 66,080 1,678,299,840 25,398 35.2 10,213 7.0%3,708,134,000
2009 64,350 1,795,365,000 27,900 33.8 10,331 8.4%3,712,040,700
2008 63,680 2,521,091,200 39,590 49 10,335 4.9%3,658,905,250
2007 65,810 2,514,402,670 38,207 49 10,374 4.6%3,571,509,200
2006 65,510 2,585,548,680 39,468 46 10,299 4.8%3,483,887,600
2005 65,445 2,253,009,570 34,426 n/a 10,256 5.0%3,396,162,800
2004 65,095 2,217,981,935 34,073 n/a 10,304 5.1%2,368,259,800
2003 64,327 2,107,931,463 32,769 n/a 10,406 6.0%2,329,972,500
2002 64,132 2,120,652,844 33,067 n/a 10,547 5.4%2,266,847,900
Source:
(1) U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016.
(2) Computation of per capita personal income multiplied by population
(3) U.S Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016.
(4) U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016.
(5) WI Department of Public Instruction http://dpi.wi.gov/lbstat/pubdata2.html
(6) Wisconsin Department of Workforce Development Website: worknet.wisconsin.gov
(7) City of Oshkosh Assessor and IT Department
(8) City of Oshkosh Statement of Assessment
117,345
160,402
Unemployment
Rate (6)
142,508
136,240
118,240
City of Oshkosh, Wisconsin
Demographic and Economic Statistics
Last Ten Years
Average Sales Price
of Residential
Property (7)
126,409
106,951
136,218
126,136
0
500,000,000
1,000,000,000
1,500,000,000
2,000,000,000
2,500,000,000
3,000,000,000
3,500,000,000
4,000,000,000
Year 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Total Assessed
129
Exhibit A-17
CITY OF OSHKOSH, WI
Winnebago, Outagamie, and Calumet Counties
LABOR
The cities of Oshkosh and Appleton form a standard metropolitan statistical area encompassing
a three county area - Winnebago, Outagamie, and Calumet Counties, having a combined
population of 392,660. Within a 50 mile radius of Oshkosh reside a total of over 1,301,387persons.
Oshkosh is, therefore, well supplied with a large growing labor pool as well as substantial retail,
wholesale, and industrial markets.
Numerically presented, the employment mix averaged as follows for 2011.
Place of Residence Data
Total Civilian Labor Force 218,214
Unemployment 12,721
Percent of Civilian Labor Force 5.83
Employment 205,493
Place of Work
Nonfarm Wage and Salary 210,400
Total Private 184,500
Goods Producing 54,600
Nat Res., Mining, & Construction 9,800
Manufacturing 44,800
Service Producing 155,800
Trade 36,600
Wholesale Trade 8,000
Retail Trade 21,800
Transportation, Warehouse, and Utilities 6,800
Information 3,400
Finance Activities 10,700
Professional & Business Services 21,700
Educational & Health Services 26,900
Leisure & Hospitality 17,400
Other Services, except Public Admin 13,200
Government 25,900
Federal 1,100
State 4,800
Local 20,000
Source: State of Wisconsin - Department of Administration
130
Exhibit A-17
CITY OF OSHKOSH, WI
Oshkosh Oshkosh
Chamber Financial
Sept. 2011 Report
Manufacturing 2011 2001
Axel Tech International (Meritor)250 335
Arrowhead Conveyor Co., Inc.177
Basler Turbo Conversions 108
Bemis 2,325 1600
Buckstaff 165
General Beverage 115
Hoffmaster, A Solo Cup Company,481 549
(Scott Worldwide Food Service)
Oshkosh Oshkosh
Chamber Financial
Sept. 2011 Report
Manufacturing 2011 2001
Jeld-Wen Premium Wood Doors,)285
(Morgan Products Ltd.)
Lapham-Hickey Steel 285
Miles Kimball Company 650 400
Leach Company 350
Muza Metal Products 225
Nercon Engineering 90 124
Omni Glass & Paint 117 184
Oshkosh B'Gosh Inc.347
Oshkosh Truck Corporation 4,500 1505
Pluswood, Inc.139
Radford Company 180
Seven-Up Bottling Co. of Oshkosh, Inc.145
Shallbetter 130
SNC Manufacturing Company 211
Non-Manufacturing
4imprint (Nelson Marketing)456 216
Affinity Medical Group,606 1222
(Mercy Medical Center)
Aurora Medical Group 905 525
Clarity Care (Residentail Care RCDD)326 249
Copps Foods Center 195
EAA 200 210
Eastbay, Inc. (80% PT, 20% FT)300 600
Evergreen Retirement Community 270 254
Lutheran Homes of Oshkosh 394 330
Northpoint Med & Rehab,117 195
(Oshkosh Medical & Rehab)
Pioneer Inn & Marina 218
Pick N Save 104 360
U S Bank (Firstar)675 800
Wal-Mart 318
FIRMS EMPLOYING MORE THAN 100 PERSONS
131
Exhibit A-17
Government
City of Oshkosh-, includes:634 650
12/2011 = 514 FT, 48 PT, 72 Seasonal,
(source: Assistant Personnel Director, City Oshkosh)
CESA6 200 289
Oshkosh Correctional Institution 519 518
Oshkosh Area School District 1,388 1558
Oshkosh Post Office 366
University of WI - Oshkosh 1,483 1627
Winnebago County 996 1114
Winnebago Mental Health Institute 527
132
Exhibit A-18
ACCOUNT PURPOSE 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
0020 Manager 2 2 2 2 2 2 2 2 2 2
0030 Attorney 3 3 3 3 3 3 3 3 3 3
0040 Human Resources 4 4 4 4 5 5 5 5 5 5
0050 Clerk 3 3 3 3 3 3 3 3 3 3
0071 Financial/Treasury 14 14 14 14 14 14 14 14 14 12
0080 Assessor 6 6 6 6 6 6 6 6 6 6
0090 Purchasing 3 3 3 3 3 2 2 3 3 3
0100 Central Services 1 1 1 1 1 1 1 1 1 1
0110 I T / Central Srvcs.9 7 7 7 7 7 7 7 7 7
0130 Facilities Maint.3 3 3 4 4 4 4 4 4 5
0150 Media Srvcs 3 3 3 3 3 3 3 3 3 3
0160 Safety 1 1 1 1 1 1 1 1 1 1
0211 Police 118 118 117 118 117 116 116 116 116 116
0230 Fire 103 103 103 109 109 108 108 108 108 108
0310 Health Services 6 6 6 6 6 6 6 6 6 6
0310 Health Srvcs/Nurses 3 3 3 3 3 3 3 3 3 3
0410 Public Wrks. Admin.3 3 3 3 3 3 3 3 3 3
0420 Engineers 12 12 12 13 13 12 11 11 11 12
0430 Streets 40 37 40 34 33 32 30 31 31 31
0450 Garage 8 8 8 8 8 8 8 8 8 8
0470 Garbage 13 13 13 13 13 11 11 11 11 10
0480 Recycling 9 7 7 7 7 7 7 6 5 5
0610 Parks 17 16.5 16.5 16.5 16.5 15.5 15.5 15.5 15.5 15.64
0620 Forestry 3 4 4 4 4 4 4 4 4 4
0630 Golf 2 2 2 2 2 2 2 2 2 2
0650 Cemetery 4 4 4 4 4 4 4 4 4 3.7
0740 Planning 7 7 9 9 9 9.5 9.5 9.5 9.5 9.9
0750 Inspection Services 10 10 10 10 10 10.5 10.5 10.5 10.5 10.5
0801-0810 Trans. Electric/Sign 7 7 7 7 7 7 7 7 7 7
1060 Library 37.1 36.4 36.4 36.9 35.9 32.5 31.6 31.6 32.5 32.05
1070 Museum 10 10 10 10 10 10 9 10 10 10
1728 Transit 28 28 28 28 28 28 28 28 28 28
1717 Parking 3 3 3 2 2 2 2 1 1 1
1810 Water 32 33 33 31 31 31 31.33 31.33 32.85 32.85
1910 Sewer 33 36 32.5 34 34 34 32.33 32.33 32.67 32.67
2010 Storm 0 7.5 2 7 7 7 7 7.33 8 8
0760 Senior Services 5 5 5 6 6 6 6 5 5 5
0790 Housing 15 17 16 14 14 0 0 0 0 0
1020 Grand 0 0 0 0 0 0 0 0 0 0
1040 Conv. Ctr.0 0 0 0 0 0 0 0 0 0
255-0610 Parks Rev.0 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.36
TOTAL 580.10 586.90 580.90 586.90 584.90 560.50 554.26 554.59 557.02 555.67
CITY OF OSHKOSH, WISCONSIN
NUMBERS OF FULL-TIME EMPLOYEES AUTHORIZED
Last Ten Fiscal Years
133
Exhibit A-19
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
GENERAL GOVERNMENT:
Common Council 38,424$ 38,827$ 39,740$ 39,726$ 39,538$ 39,052$ 39,875$ 45,228$ 51,335$ 47,863$
Manager & Staff Emp.1,082,296 1,128,051 1,157,925 1,229,373 1,429,741 1,594,541 1,439,869 1,506,360 1,608,067 1,562,234
Dept. of Administration 3,786,863 3,811,649 3,822,024 4,215,765 4,054,758 4,128,835 4,369,793 4,312,426 4,269,795 3,882,752
Public Safety 17,483,141 18,242,353 19,165,240 20,446,059 20,793,621 20,867,682 21,958,685 22,429,343 22,416,143 23,651,892
Garbage & Refuse Coll.1,286,599 1,358,580 1,363,750 1,549,476 1,549,409 1,325,292 1,341,288 1,445,865 1,692,722 1,366,859
Public Works 5,402,429 5,051,208 5,203,187 5,015,268 5,124,711 5,117,650 6,038,287 5,954,600 5,873,559 6,460,858
Street Lights 851,804 606,973 592,520 615,916 589,271 623,310 629,293 661,953 685,570 728,497
Maint. of Facilities 651,328 718,067 723,315 681,972 746,831 769,203 829,207 821,326 792,687 833,036
& Inspections
Parks & Forestry 1,507,767 1,529,314 1,641,053 1,658,854 1,600,051 1,707,219 1,701,506 1,841,432 1,839,700 1,949,663
Pollock Pool 31,176 35,070 2,800 3,710 0 0 0 0 0 0
Pollock Comm Wtr Park 35,848 44,554 56,513 35,722 17,067 3,256
Riverside Cemetery 156,962 185,551 167,615 203,103 215,194 217,278 238,597 270,983 273,131 243,956
Library 2,125,308 2,407,345 2,235,691 2,454,405 2,401,238 2,509,639 2,268,377 2,597,497 2,275,773 2,469,234
Museum 684,005 706,101 717,441 742,907 699,524 799,058 847,267 845,407 866,016 811,329
Planning & Research 630,327 635,523 651,897 710,719 760,366 790,374 795,448 835,841 804,424 1,360,907
Debt Service Fund 12,008,866 13,685,068 14,836,550 15,394,793 15,824,907 16,330,462 16,490,425 17,253,388 24,696,746 23,112,052
Housing Authority 685,965 766,845 745,757 735,141 414,457 0 0 0 0 0
Senior Services 350,917 316,471 300,596 340,910 352,107 460,902 337,187 337,079 238,935 261,620
Recycling 895,040 858,327 735,874 710,518 563,994 397,145 345,782 1,513,835 327,356 338,259
City/County Safety Bldg 0 0 1,270,914 0 0 0 0 0 0 0
Unclassified 490,905 472,968 559,145 496,203 395,766 416,416 675,717 388,792 551,790 931,673
50,150,122$ 52,554,291$ 55,933,034$ 57,244,818$ 57,591,332$ 58,138,612$ 60,403,117$ 63,097,077$ 69,280,816$ 70,015,940$
(1) Includes General Fund, Principal Special Revenue Funds (Library, Museum, Street Lights, Senior Services and Recycling) and the Debt Service Fund.
Source: City of Oshkosh Finance Department
CITY OF OSHKOSH, WISCONSIN
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (1)
2002-2011
134
Exhibit A-20
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
REVENUES
Taxes & Special Assess.21,503,179$ 22,476,451$ 24,274,716$ 24,601,129$ 24,618,227$ 25,939,725$ 26,902,068$ 28,131,966$ 29,067,217$ 29,963,092$
Licenses & Permits 1,030,340 88,914 856,609 1,032,128 1,214,293 1,322,421 1,216,972 1,047,967 1,096,477 1,123,724
Fines & Costs 843,119 833,600 860,621 750,571 784,376 733,249 672,789 740,958 725,169 697,601
Shared Taxes - State and 16,861,917 17,446,096 16,480,520 16,586,851 17,276,831 16,959,446 17,254,764 17,050,881 16,634,254 16,619,739
Federal Aids
Use of Property and Money 550,145 519,627 443,449 514,972 950,556 1,173,004 980,931 655,495 364,032 282,459
Charges for Current Serv.2,554,239 2,707,359 3,231,249 4,159,797 3,776,708 4,049,304 3,542,358 4,584,998 4,972,238 5,674,622
Interdepartmental Rev.7,943,694 9,463,555 8,949,155 9,417,682 10,026,313 10,091,460 10,548,757 11,713,398 11,106,376 10,423,297
Unclassified 162,816 112,724 296,642 110,000 137,898 107,660 507,414 219,032 203,036 168,966
51,449,449$ 53,648,326$ 55,392,961$ 57,173,130$ 58,785,202$ 60,376,269$ 61,626,053$ 64,144,695$ 64,168,799$ 64,953,500$
SUMMARY-SHARED TAXES-
STATE & FEDERAL AIDS
Shared State Aids 12,010,518$ 12,125,047$ 11,065,483$ 11,076,027$ 11,075,468$ 11,073,727$ 10,969,615$ 11,085,640$ 10,782,702$ 10,804,565$
Highway Aids 2,571,554 2,682,437 2,707,989 2,740,615 2,767,382 2,843,112 3,010,732 3,027,523 2,911,503 2,966,375
Housing Authority 0 0 0 0 429,127 0 0 0 0 0
Muni. Serv.-State Prop.1,170,423 1,225,185 1,222,605 1,277,417 1,333,774 1,322,063 1,356,188 1,252,757 1,189,833 1,115,138
County Ambulance Aid 62,484 65,972 141,930 146,188 159,884 174,934 169,389 71,400 71,554 20,614
Parks/Forestry Aids 874 1,883 3,871 0 0 5,398 0 2,532 0 0
Tax Disparity Aids 807,903 980,694 985,860 977,077 1,067,259 1,088,157 1,212,311 1,211,765 1,202,998 1,196,054
Elections - Aids 6,762
Cable TV 7,035 7,036 5,557 9,332 7,914 6,332 8,654 3,847 14,200 10,100
State Computer Credit 230,437 204,965 187,440 190,635 210,086 199,152 179,659 141,788 123,502 111,569
Protective Services/Aids 689 152,877 159,785 169,560 225,937 246,571 348,216 246,867 337,962 395,324
16,861,917$ 17,446,096$ 16,480,520$ 16,586,851$ 17,276,831$ 16,959,446$ 17,254,764$ 17,050,881$ 16,634,254$ 16,619,739$
Source: City of Oshkosh Finance Department
GENERAL GOVERNMENTAL REVENUES BY SOURCE
CITY OF OSHKOSH, WISCONSIN
2002-2011
135
Exhibit A-21 CITY OF OSHKOSH, WISCONSIN
TAX ROLL COLLECTIONS
COLLECTIONS IN 2011 OF 2010 TAX ROLL
COLLECTION APPLIED REAL ESTATE
CITY OF OSHKOSH SETTLED WITH RETAINED BY TURNED OVER
LEVY OTHER UNITS CITY TO THE COUNTY
GENERAL PROPERTY TAXES 96.04 %
State Taxes $641,392.34 $616,020.32
County Taxes 19,882,753.71 19,096,237.21
$20,524,146.05 $811,888.52
Schools:
Board of Education $30,116,056.81 28,924,734.13
Vocational School 6,212,919.93 36,328,976.74 5,967,150.95 1,437,091.66
Debt Service:
City Debt $16,387,400.00 16,387,400.00
Legislative Trust Funds:
Police Pension $0.00
Firemen's Pension 0.00
Workmen's Comp. 20,365.00 20,365.00
Other Funds:
Library 2,460,000.00
Museum 869,000.00
Transit 764,400.00
Recycling 404,700.00
Street Lighting 1,013,000.00
Grand Opera House 66,200.00
Cemetery 276,400.00
Committee on Aging 185,300.00
Health Services 240,200.00
Golf Course 0.00
Pollock Community Water Park 71,400.00
Equipment 0.00 6,350,600.00
TID 7,068,891.55 6,789,262.28$ 279,629.27
General City 6,729,800.00 28,321,680.30 1,166,484.70
Special District 40,802.92 39,188.85 1,614.07
Overrun 1,490.08 1,431.14 58.94
93,452,472.34$ 54,604,142.61$ 35,151,562.57$ 3,696,767.16$
Special Assessments
3,600,629.96 3,019,461.19 581,168.77
97,053,102.30$ 54,604,142.61$ 38,171,023.76$ 4,277,935.93$
Source: City of Oshkosh Finance Department
136
Exhibit A-22
DEBT
RATIO OF DEBT TO PER
ASSESSED VALUATION CAPITA
1996
Valuation - $1,937,658,900
Population - 60,240
1996 Direct Municipal Debt $68,571,473 3.54%$1,138.30
1997
Valuation - $1,987,591,500
Population - 61,824
1997 Direct Municipal Debt $68,577,442 3.45%$1,109.24
1998
Valuation - $2,046,447,600
Population - 62,185
1998 Direct Municipal Debt $69,932,059 3.42%$1,124.58
1999
Valuation - $2,072,830,600
Population - 62,695
1999 Direct Municipal Debt $72,463,863 3.50%$1,155.82
2000
Valuation - $2,140,360,100
Population - 63,192
2000 Direct Municipal Debt $79,645,557 3.72%$1,260.37
2001
Valuation - $2,203,128,900
Population - 63,225
2001 Direct Municipal Debt $86,605,140 3.93%$1,369.79
2002
Valuation - $2,266,847,900
Population - 64,132
2002 Direct Municipal Debt $101,116,094 4.46%$1,576.69
2003
Valuation - $2,924,336,700
Population - 64,327
2003 Direct Municipal Debt $112,645,337 3.85%$1,751.14
RATIO OF DEBT TO ASSESSED VALUATION AND POPULATION
CITY OF OSHKOSH, WISCONSIN
1996-2011
137
Exhibit A-22
DEBT
RATIO OF DEBT TO PER
ASSESSED VALUATION CAPITA
RATIO OF DEBT TO ASSESSED VALUATION AND POPULATION
CITY OF OSHKOSH, WISCONSIN
1996-2011
2004
Valuation - $3,141,524,900
Population - 65,095
2004 Direct Municipal Debt $113,006,301 3.60%$1,736.02
2005
Valuation - $3,335,517,300
Population - 65,445
2005 Direct Municipal Debt $115,334,666 3.46%$1,762.31
2006
Valuation - $3,558,114,300
Population - 65,510
2006 Direct Municipal Debt $118,945,768 3.34%$1,815.69
2007
Valuation - $3,722,810,200
Population - 65,810
2007 Direct Municipal Debt $119,580,048 3.21%$1,817.05
2008
Valuation - $3,849,076,000
Population - 65,920
2008 Direct Municipal Debt $119,684,801 3.11%$1,815.61
2009
Valuation - $3,801,817,900
Population - 64,350
2009 Direct Municipal Debt $129,657,250 3.41%$2,014.88
2010
Valuation - $3,779,437,800
Population - 66,080
Source: Population - U.S. Census Data - 2010 Population Estimate
2010 Direct Municipal Debt $131,952,877 3.49%$1,996.87
Source: City of Oshkosh Finance Department
2011
Valuation - $3,776,085,900
Population - 66,083
Source: Population - U.S. Census Data - 2010 Population Estimate
2011 Direct Municipal Debt $133,631,865 3.54%$2,022.18
Source: City of Oshkosh Finance Department
138
Exhibit A-23
CITY OF OSHKOSH, WISCONSIN
COMPUTATION OF LEGAL DEBT MARGIN
AND
COMPUTATION OF OVERLAPPING DEBT
See Exhibit A-11 for
these computations
139
Exhibit A-24
CITY OF OSHKOSH, WISCONSIN
RATIO OF ANNUAL DEBT SERVICE
FOR GENERAL BONDED DEBT TO TOTAL GENERAL GOVERNMENTAL EXPENDITURES
2002 - 2011
GENERAL
ANNUAL DEBT GOVERNMENTAL %
YEAR SERVICE EXPENDITURES RATIO
2002 12,008,866 50,150,122 23.95
2003 13,685,051 52,554,291 26.04
2004 14,836,550 55,933,034 26.53
2005 15,394,793 57,244,818 26.89
2006 15,824,907 57,591,332 27.48
2007 16,330,462 58,138,612 28.09
2008 16,490,425 60,403,117 27.30
2009 17,253,388 63,097,077 27.34
2010 24,696,746 69,280,816 35.65
2011 23,112,052 70,015,940 33.01
Source: City of Oshkosh Finance Department (Exhibit A-19)
140
Exhibit A-25
1 of 2
CITY OF OSHKOSH, WISCONSIN
2001 Estimate 63,225
2002 Estimate 64,132
2003 Estimate 64,327
2004 Estimate 65,095
2005 Estimate 65,445
2006 Estimate 65,510
2007 Estimate 65,810
2008 Estimate 65,920
2009 Estimate 64,350
2010 Estimate 66,080
2011 Estimate 66,083
Source: U.S. Census Bureau / WI Dept. of Admin.
Total of All Permits
Year No. Value No.Value
2001 156 26,565,183 8,335 92,278,720
2002 198 32,254,156 7,203 162,568,019
2003 202 36,568,505 6,631 108,739,312
2004 152 26,630,612 6,198 94,001,548
2005 87 13,660,642 5,477 74,563,467
2006 77 17,872,562 5,237 98,876,033
2007 69 21,982,261 5,217 121,914,846
2008 43 9,846,277 6,193 95,870,311
2009 20 5,173,400 6,130 64,463,673
2010 30 9,823,490 5,104 74,950,553
2011 50 21,705,692 1,834 51,095,915
Source: City of Oshkosh Inspections Department
UTILITY CUSTOMERS AT YEAR END - CITY OF OSHKOSH
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Water 19,246 22,351 22,500 23,200 23,200 23,298 23,283 23,453 24,333 24,365
Source: City of Oshkosh Water Distribution
Electric 39,648 40,595 41,736 44,531 41,659 42,492 42,910 43,038 43,382 43,729
Gas 30,075 30,779 31,168 31,611 31,494 32,123 32,441 32,505 32,667 32,867
Source: Wisconsin Public Service Corporation
New Residential: Single, Family, and Apartments
BUILDING PERMITS
POPULATION - CITY OF OSHKOSH
ECONOMICS
141
Exhibit A-25
2 of 2
WATER UTILITY
Rates:
Quarterly Volume Charge
Charge per 100 cubic Feet Meter Size Charge
First 3,000 cubic feet $3.71 5/8" & 3/4"$18.00
Next 7,000 cubic feet 3.55 1"28.50
Next 190,000 cubic feet 3.27 1-1/4"37.50
Over 200,000 cubic feet 3.01 1-1/2"44.10
2"69.80
3"117.00
4"174.00
6"306.00
8"450.00
10"651.00
12"852.00
Billings Usage (00's)
Oshkosh Correctional Insittute $439,083.17 135,854
UW Oshkosh 264,523.64 73,152
Bemis / Curwood/Milprint 221,596.79 69,614
Pepsi Bottling 172,165.00 56,304
Oshkosh Corporation 168,386.46 50,363
Winnebago County 140,275.36 38,501
Winnebago Mental Health 134,033.50 40,904
Midwest Realty Management 107,083.51 25,970
Gabert & Rusch 84,002.59 19,743
Hydrite Chemical 81,527.27 25,886
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION
Top Ten Users / Customers
Minimum Quarterly Charge
142
Exhibit A-25
2 of 2
SEWER UTILITY
Rates:
Quarterly Volume Charge Meter Size Charge
Charge per 100 cubic Feet $2.99 5/8" & 3/4"$17.60
1"28.60
1-1/4"36.30
1-1/2"45.10
2"66.00
3"114.40
4"182.60
6"354.20
8"559.90
10"833.80
12"1,107.70
Billings Usage (00's)
Oshkosh Correctional Insittute $401,015.23 135,854
Winnebago County 264,173.81 87,441
UW Oshkosh 218,718.59 69,694
Oshkosh Corporation 145,862.48 48,219
City of Oshkosh 143,502.99 45,640
Winnebago Mental Health Institute 110,009.73 36,817
Bemis / Curwood / Milprint 108,679.47 36,047
Midwest Realty Management 85,868.42 25,789
Gabert & Rusch 67,049.29 19,743
Affinity Medical Group 58,334.94 19,382
Quarterly Fixed Charge
Top Ten Users / Customers
143
Exhibit A-25
2 of 2
STORM WATER UTILITY
Rates:
Quarterly Equivalent Runoff Unit (ERU) Charge $18.09
Small Residential (Impervious area < 1,750 square feet).67 ERU
Average Residential (Impervious area > 1,750 1 ERU
but < 3,750 square Feet)
Large Residential (Impervious area > 3,750 square feet)1.33 ERU
Other (Square feet of mpervious area/2,817)
No charge for undeveloped properties
Billings ERU's
Winnebago County $299,268.90 4,275.2700
Oshkosh Corporation 142,431.17 2,034.7310
City of Oshkosh 134,364.79 1,919.4970
Stete of WI 96,073.46 1,372.4780
School District of Oshkosh 85,170.33 1,216.7190
UW Oshkosh 75,926.20 1,084.6600
Bemis / Curwood / Milprint 51,738.01 739.1144
EAA 50,779.44 725.4205
BFO Factory Outlets 28,593.26 408.4751
Hoffmaster 21,966.53 313.8076
Top Ten Users / Customers
144
Exhibit A-26
YEAR TOTAL UNITS SINGLE FAMILY TWO FAMILY MULTIPLE FAMILY
1992 338 138 10 180
1993 500 174 6 320
1994 417 165 19 214
1995 263 144 32 87
1996 532 202 42 288
1997 394 119 22 253
1998 384 144 22 218
1999 383 157 20 206
2000 275 109 20 146
2001 442 121 10 311
2002 364 157 44 163
2003 529 153 36 340
2004 303 112 20 171
2005 134 63 30 41
2006 234 51 12 171
2007 130 58 0 72
2008 59 47 4 8
2009 74 13 2 5
2010 30 22 1 7
2011 195 12 1 17
5,785 2,149 352 3,201
Source: City of Oshkosh Department of Community Development
City of Oshkosh, Wisconsin
NEW DWELLING UNITS CONSTRUCTED
1992-2011
145
Exhibit A-27
PAYROLL PAYROLL CONTRAC-MATERIALS
DIRECT INDIRECT TUAL UTILITIES FIXED AND CAPITAL TOTAL
LABOR LABOR SERVICES CHARGES SUPPLIES OUTLAY BUDGET
GENERAL GOVENRNMENT
City Council 28,500 2,200 12,800 0 0 3,100 0 46,600
City Manager 177,600 56,000 13,100 0 0 1,200 0 247,900
City Attorney 231,100 86,000 57,400 0 0 6,900 0 381,400
Human Resources 350,000 110,900 89,600 0 0 3,900 0 554,400
City Clerk 165,400 59,300 15,800 0 0 3,200 0 243,700
Elections 97,000 400 13,500 700 0 12,900 0 124,500
Finance 643,700 265,200 4,400 0 0 3,900 0 917,200
Purchasing 155,000 60,900 6,600 0 0 1,400 0 223,900
Information Technology Division 431,200 180,800 381,600 42,000 0 70,200 41,900 1,147,700
Insurance 0 0 0 0 616,200 0 0 616,200
Facilities Maintenance 229,100 106,200 65,300 203,200 300 37,600 0 641,700
Independant Audit 0 0 22,700 0 0 0 0 22,700
Media Services 155,400 46,200 2,000 500 0 5,000 0 209,100
TOTAL GENERAL GOVERNMENT 2,664,000 974,100 684,800 246,400 616,500 149,300 41,900 5,377,000
PUBLIC SAFETY
Police 7,493,800 3,079,400 200,000 40,800 200 133,400 230,700 11,178,300
Animal Care 0 0 80,100 0 0 0 0 80,100
Fire & Ambulance 7,389,500 2,764,800 138,000 111,200 0 250,800 20,000 10,674,300
Hydrant Rental 0 0 650,000 0 0 0 0 650,000
Auxiliary Police 0 0 1,400 100 0 3,400 0 4,900
Crossing Guards 79,800 6,100 0 0 0 0 0 85,900
Police & Fire Commission 0 0 12,800 0 0 200 0 13,000
TOTAL PUBLIC SAFETY 14,963,100 5,850,300 1,082,300 152,100 200 387,800 250,700 22,686,500
PUBLIC WORKS
Public Works - Admin.255,500 89,500 3,900 0 200 800 0 349,900
Engineering 829,000 330,500 23,700 4,200 200 16,700 27,000 1,231,300
Streets - General 1,416,400 657,200 56,800 5,000 600 423,100 0 2,559,100
Central Garage 403,900 200,000 140,000 112,200 1,000 1,101,300 0 1,958,400
Garbage Coll. & Disposal 427,700 207,200 635,100 0 2,800 54,100 500,000 1,826,900
TOTAL PUBLIC WORKS 3,332,500 1,484,400 859,500 121,400 4,800 1,596,000 527,000 7,925,600
PARKS & OTHER FACILITIES
Parks 863,100 353,300 61,000 177,800 200 138,400 0 1,593,800
Forestry 203,100 75,300 13,100 100 0 14,600 3,000 309,200
TOTAL PARKS & OTHER FAC.1,066,200 428,600 74,100 177,900 200 153,000 3,000 1,903,000
CITY OF OSHKOSH, WISCONSIN 2012 OPERATING BUDGET BY FUNCTION
146
Exhibit A-27
PAYROLL -PAYROLL -CONTRAC-MATERIALS
DIRECT INDIRECT TUAL UTILITIES FIXED AND CAPITAL TOTAL
LABOR LABOR SERVICES CHARGES SUPPLIES OUTLAY BUDGET
COMMUNITY DEVELOPMENT
Assessor 354,500 138,000 36,600 0 0 3,900 0 533,000
Planning Services 604,100 177,200 13,300 200 0 6,100 0 800,900
Inspection Services 609,500 194,100 23,800 5,500 1,100 5,600 0 839,600
TOTAL COMMUNITY DEV.1,568,100 509,300 73,700 5,700 1,100 15,600 0 2,173,500
DEPT. OF TRANSPORTATION
Electric 288,200 107,200 12,700 36,600 0 43,400 0 488,100
Sign 105,600 36,100 4,100 3,000 0 50,300 0 199,100
TOTAL DEPT. OF TRANS.393,800 143,300 16,800 39,600 0 93,700 0 687,200
UNCLASSIFIED
Unemployment Compensation 32,000 32,000
Uncollectible Accounts 380,000 380,000
Employee Benefit Fees 14,000 14,000
Patriotic Celebration 6,700 6,700
Adjustment of Salaries (100,000)(100,000)
Unclassified Expenses 85,000 85,000
Mobile Trailer Tax 38,800 38,800
Industrial Development 37,500 37,500
TOTAL UNCLASSIFIED (100,000)32,000 562,000 0 0 0 0 494,000
TOTAL BUDGET 23,887,700 9,422,000 3,353,200 743,100 622,800 2,395,400 822,600 41,246,800
Budget for Recycling 255,800 129,000 425,200 300 100 80,900 0 891,300
Budget for Street Lighting 0 0 5,000 1,098,500 0 75,000 0 1,178,500
Budget for Senior Services 297,600 122,200 10,600 53,600 7,100 5,400 0 496,500
Budget for Transit Utility 1,503,100 619,700 1,577,900 37,800 109,400 506,300 100,500 4,454,700
Budget for Library 1,799,800 615,300 420,500 153,900 14,400 436,300 0 3,440,200
Budget for Museum 582,400 223,200 63,800 78,100 10,000 43,500 0 1,001,000
Budget for Grand Opera House 0 0 61,000 0 6,300 1,000 0 68,300
Budget for Cemetery 197,300 83,400 13,100 23,600 8,300 22,500 0 348,200
Budget for Health Services 483,000 173,800 38,300 3,000 8,400 22,000 0 728,500
Budget for Leach Amphitheater 8,000 600 21,000 17,100 300 7,100 0 54,100
Budget for Pollock Comm Wtr Park 39,200 3,000 145,800 56,000 5,800 49,700 0 299,500
Budget for Equipment Fund 0 0 0 0 0 0 0 0
TOTAL OPERATING BUDGET 29,053,900 11,392,200 6,135,400 2,265,000 792,900 3,645,100 923,100 54,207,600
147
Exhibit A-28
2009 2010 2011 2011 2012
ACTUAL ACTUAL BUDGETED ACTUAL PROPOSED
REVENUES REVENUES REVENUES REVENUES BUDGET
TAXES LEVIED BY CITY
General Property Tax 27,885,268 28,786,800 29,488,165 29,488,200 30,118,300
Municipal Owned Utility 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Snow Removal 31,605 33,782 25,000 49,300 33,000
Weed Cutting 26,047 36,348 29,000 43,200 36,000
Mobile Home Tax 108,231 112,830 110,000 112,000 112,000
Payment in Lieu of Taxes 53,943 123,933 118,000 120,000 120,000
TOTAL TAXES LEVIED 29,105,094 30,093,693 30,770,165 30,812,700 31,419,300
LICENSES & PERMITS
Heating 71,204 85,000 82,000 65,000 67,000
Liquor License 127,024 137,276 130,000 130,000 130,000
Cigarette License 9,360 7,575 8,000 6,800 6,800
Sundry License 38,470 41,613 40,000 40,000 40,000
Electric Permits 85,378 92,415 91,500 70,000 72,000
Building Permits 234,859 256,153 258,000 190,000 195,000
Plumbing Permits 73,272 79,269 81,000 47,500 48,900
Flammable Tank Fees 320 585 500 800 800
Housing Fees 3,615 3,615 3,600 3,400 3,400
Code Seals & Plannning Fees 525 805 700 600 600
Zoning Ordinances 41,506 43,720 43,000 43,000 45,000
TOTAL LICENSES & PERMITS 685,533 748,026 738,300 597,100 609,500
FINES & COSTS
County Court 278,503 296,996 300,000 285,000 285,000
Police Department 462,455 428,173 500,000 450,000 450,000
Penalties 77,051 76,323 76,000 89,000 89,000
TOTAL FINES & COSTS 818,009 801,492 876,000 824,000 824,000
STATE & COUNTY AIDS
Town Aid - Cable TV 6,762 14,200 9,600 10,100 10,100
State Aid - Elections 3,847 0 0 0 0
Town Ambulance Aid 71,400 71,554 73,000 70,600 73,000
Aid to Local Streets 3,027,523 2,909,903 2,967,700 2,966,400 2,697,500
Municipal Services 1,252,757 1,191,433 1,119,000 1,115,100 936,200
State Shared Aids 11,085,640 10,782,702 10,781,100 10,804,600 9,669,300
State/Federal Emergency Assistance 56,591 0 0 0 0
State Aids-Parks/Forestry 2,532 0 0 0 0
State Aids - Fire 56,867 60,381 114,000 129,000 123,600
Aids-Police 190,000 277,581 195,000 257,600 257,600
State Computer Credit 141,788 123,502 115,000 111,600 105,000
Expenditure Restraint 1,211,765 1,202,998 1,198,400 1,196,100 1,137,100
TOTAL STATE & CO. AIDS 17,107,472 16,634,254 16,572,800 16,661,100 15,009,400
USE OF MONEY & PROPERTY
Interest on Investments 655,410 363,952 533,000 260,000 300,000
Interest on Special Assessessments 199,649 246,092 235,000 261,000 261,000
Rent 85 80 100 100 100
Sale of Land 0 0 0 0 0
TOTAL USE OF MONEY & PROP.855,144 610,124 768,100 521,100 561,100
CITY OF OSHKOSH, WISCONSIN
BUDGET FOR 2012 - REVENUES
148
Exhibit A-28
2009 2010 2011 2011 2012
ACTUAL ACTUAL BUDGETED ACTUAL PROPOSED
REVENUES REVENUES REVENUES REVENUES BUDGET
CHARGES FOR CURRENT SERVICES
Police Department Fees 168,872 109,233 115,000 150,000 150,000
Fire Department Fees 88,910 97,981 116,400 115,000 121,400
Ambulance Fees 2,225,059 2,209,582 2,170,000 2,160,000 2,160,000
Engineering Fees 14,560 27,222 60,000 25,000 25,000
Street Services 121,773 146,085 108,500 200,000 125,000
Electrical Department 22,600 41,140 25,000 32,000 32,000
Sign Department 4,191 2,523 2,000 5,500 3,500
Park Fees 18,049 17,438 20,800 30,000 20,000
City Clerk Fees 6,585 6,500 6,500 6,500 6,500
Community Development 355,847 341,951 375,500 215,000 190,000
Community Dev. - TIF 0 149,000 175,000
Cable Access Fees 2,845 2,920 2,500 3,000 3,000
CATV Revenue 668,001 677,576 700,000 775,000 775,000
Property Search 21,025 18,970 20,000 18,000 18,000
Hazardous Materials 910 2,374 1,500 1,500 1,500
Garbage Fees 17,860 23,038 23,500 16,700 16,700
TOTAL CHGS. FOR CUR. SERV.3,737,087 3,724,533 3,747,200 3,902,200 3,822,600
INTERDEPARTMENTAL REVENUES
Materials & Labor - Utilities 372,604 345,182 400,000 525,000 425,000
Sup./Admin. Labor-Utility 305,571 288,980 315,200 305,000 305,000
Accounting Services-Utilities 619,711 580,655 591,500 575,000 535,000
Equipment/Labor Rental - Recycling 742,348 373,667 375,000 363,000 360,000
Computer Services - Utilities 153,500 158,100 162,800 162,800 162,800
Water G.O. Bond Abatement 1,781,910 1,841,088 1,619,200 1,614,800 1,361,300
Sewer G.O. Bond Abatement 2,020,501 2,020,703 1,768,700 1,768,700 1,626,600
Storm G.O. Bond Abatement 566,108 1,076,743 1,086,900 1,078,800 1,078,900
Parking G.O. Bond Abatement 63,086 60,603 57,900 57,900 54,400
Ind. Dev. G.O. Bond Abatement 330,991 457,582 423,000 423,000 420,000
TIF Districts G.O. Bond Abatement 3,690,256 3,693,977 3,222,400 3,214,600 3,504,800
Golf Course G.O. Bond Abatement 1,126,742 5,999 6,000 6,000 6,000
Centre G.O. Bond Abatement 0 271,186 211,900 211,900 219,500
Cable TV G.O. Bond Abatement 73,736 72,317 69,900 69,900 73,100
Build America Bond Credits 0 294,161 431,600 431,600 433,600
Insurance Fund Rate Equalization 0 0 442,400 442,400 0
Engineering Fees-Consttruction 1,076,677 1,455,750 600,000 1,400,000 1,400,000
TOTAL INTER. DEP. REV.12,923,741 12,996,693 11,784,400 12,650,400 11,966,000
UNCLASSIFIED
Sundry Revenue 162,441 203,036 175,000 175,000 167,500
Bond Proceeds 0 0 0 0 0
Approp. from Debt Service Fund 200,000 0 375,000 375,000 350,000
TOTAL UNCLASSIFIED 362,441 203,036 550,000 550,000 517,500
TOTAL REVENUES 65,594,521 65,811,851 65,806,965 66,518,600 64,729,400
149
CITY OF OSHKOSH EXHIBIT A-29
(1 OF 4)
PER $1,000 2011 2010 INCREASE
OF TAXES TAX RATE TAX RATE (DECREASE)
State 0.684 % $0.172 $0.173 $(0.001)
County 22.801 5.736 5.804 (0.068)
Area Schools 34.344 8.640 8.792 (0.152)
Area Vocational 7.207 1.813 1.814 (0.001)
City Tax 34.964 8.796 8.608 0.188
100.000 $25.157 $25.191 $(0.034)
State Credit 1.246 1.245 0.001
$23.911 $23.946 $(0.035)
2012 LEVY - 2011 TAX RATE
State
0.684
County
22.801%
Area Schools
34.344% Area
Vocational
7.207%
City Tax
34.964%
150
CITY OF OSHKOSH EXHIBIT A-29
(2 OF 4)
2012 2011 INCREASE
WHERE THE MONEY COMES FROM AMOUNT PER CENT PER CENT (DECREASE)
Property Tax Levy $30,118,300 46.53%44.81%1.72 %
Other Tax Revenue 1,301,000 2.01%1.95%0.06
State Expenditure Restraint Revenue 1,137,100 1.76%1.82%(0.06)
State Shared Revenue 9,669,300 14.93%16.38%(1.45)
Aid to Local Streets 2,697,500 4.17%4.51%(0.34)
Other State & County Aids 1,505,500 2.33%2.47%(0.14)
Licenses, Permits, Fines 1,433,500 2.21%2.45%(0.24)
Interdepartmental Charges 11,966,000 18.49%17.91%0.57
Interest on Investments / Special Assessments 561,100 0.87%1.17%(0.30)
Miscellaneous Revenue 517,500 0.80%0.84%(0.04)
Charges for Services 3,822,600 5.91%5.69%0.22
$64,729,400 100.00%%100.00%%
SOURCE OF FUNDS
Property Tax Levy
46.53%
Other Tax Revenue
2.01%
State Expenditure
Restraint Revenue
1.76%
State Shared
Revenue
14.93%
Aid to Local Streets
4.17%
Other State &
County Aids
2.33%
Licenses, Permits,
Fines
2.21%
Interdepartmental
Charges
18.49%
Interest on
Investments /
Special Assessments
0.87%
Miscellaneous
Revenue
0.80%
Charges for Services
5.91%
151
CITY OF OSHKOSH EXHIBIT A-29
(3 OF 4)
2012 2011 INCREASE
WHERE THE MONEY GOES AMOUNT PER CENT PER CENT (DECREASE)
Parks 2,250,600 3.48%3.44%0.04%
Debt Services 17,108,200 26.43%25.47%0.96%
Library, Museum, GOH 3,286,800 5.08%5.16%-0.08%
Miscellaneous 514,400 0.79%0.81%-0.02%
Police 11,355,700 17.54%19.01%-1.47%
Transportation 2,464,600 3.81%3.80%0.01%
Fire and Ambulance 11,330,800 17.50%16.99%0.51%
General Government 5,377,000 8.31%8.31%0.00%
Public Works 8,330,300 12.87%12.87%0.00%
Community Development 2,173,500 3.36%3.49%-0.13%
Health / Senior Services 537,500 0.83%0.65%0.18%
$64,729,400 100.00%100.00%
USE OF FUNDS
Parks
3.48%
Debt Services 26.43%
Library, Museum,
Grand Opera House
5.08%
Miscellaneous
0.79%
Police
17.54%
Transportation
3.81%
Fire and Ambulance
17.50%
General Government
8.31%
Public Works 12.87%
Community
Development
3.36%
Health / Senior
Services
0.83%
152
CITY OF OSHKOSH EXHIBIT A-29
(4 OF 4)
AMOUNT PER CENT
Payroll - Direct Labor $29,053,900 40.73 %
Agency Funds 20,400 0.03
Payroll - Indirect Labor 11,392,200 15.97
Fixed Charges 792,900 1.11
Debt Retirement 17,108,200 23.98
Contractual Services 6,135,400 8.60
Utilities 2,265,000 3.18
Materials & Supplies 3,645,100 5.11
Capital Outlay 923,100 1.29
$71,336,200 100.00 %
2012 BUDGET - USE OF FUNDS BY FUNCTION
Payroll - Direct Labor
40.73%
Agency Funds
0.03%
Payroll - Indirect
Labor
15.97%
Fixed Charges
1.11%
Debt Retirement
23.98%
Contractual Services
8.60%
Utilities
3.18%
Materials & Supplies
5.11% Capital Outlay
1.29%
153