HomeMy WebLinkAbout2012CAFRANNUAL FINANCIAL REPORT
Including Auditor's Report
For the fiscal year ending December 31, 2012
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2012
Table of Contents
INTRODUCTORY SECTION
Letter of Transmittal
Council Members and Principal Officers
The City
Oshkosh Unified School District
FINANCIAL SECTION
Independent Auditors' Report
Management's Discussion and Analysis
BASIC FINANCIAL STATEMENTS
Government-wide Financial Statements
Statement of Net Position
Statement of Activities
Fund Financial Statements
Balance Sheet - Governmental Funds
Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds
Statement of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual - General Fund
Statement of Net Position - Proprietary Funds
Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds
Statement of Cash Flows-Proprietary Funds
Statement of Net Position-Fiduciary Funds
Notes to Basic Financial Statements
Page No.
1-3
4
5-8
9
10-11
12 -21
22
23-24
25 -26
27-28
29
30 -31
32 -33
34-35
36
37-60
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2012
Table of Contents (Continued)
REQUIRED SUPPLEMENTAL INFORMATION
Schedule of other Post Employment Benefit Information
SUPPLEMENTARY INFORMATION
Combining Balance Sheet - Nonmajor Governmental Funds
Combining Balance Sheet - Nonmajor Special Revenue Funds
Combining Balance Sheet - Nonmajor Capital Project Funds
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Capital Projects Funds
Combining Statement of Net Position-Nonmajor Other Proprietary Funds
Combining Statement of Revenues, Expenses and Changes in Fund Net Position -
Nonmajor Other Proprietary Funds
Combining Statement of Cash Flows-Nonmaj or Other Proprietary Funds
Combining Statement of Net Position - Internal Service Funds
Combining Statement of Revenues, Expenses and Changes in Net Position-
Internal Service Funds
Combining Statement of Cash Flows - Internal Service Funds
Page No.
61
62
63 -66
67 -71
72
73 -76
77-81
82
83
84 -85
86
87
88
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2012
Table of Contents (Continued)
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.
Page No.
General Information
Financial Trends
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.
Net Position by Component 89
Changes in Net Position 90 -91
Fund Balances, Governmental Funds 92
Changes in Fund Balance, Governmental Funds 93
Revenue Capacity
These schedules contain information to help the reader assess the city's most
significant local revenue source, the property tax.
Historical Valuations and Tax Records 94
Principal Taxpayers 95
Property Tax Levies and Collections 96
Debt Capacity
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.
Ratios of Net General Bonded Debt Outstanding 97
Legal Debt Margin Information 98
Statement of Indebtedness - Bonds and Notes 99 -100
Annual Principal and Interest Requirement for Outstanding Bonds and Notes 101
Annual Principal Requirement for Outstanding Bonds and Notes 102
Annual Interest Requirement for Outstanding Bonds and Notes 103
Demographic and Economic Information
These schedules present information to help the reader understand the environment
within which the city's financial activities take place.
Demographic and Economic Statistics 104
Principal Employers 105
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2012
Table of Contents (Continued) Page No.
Operating Information
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.
Full-time Equivalent City Government Employees by Function / Program 106
Expenditures by Function 107
Revenues by Source 108
Miscellaneous General Data
Cash and Investments 109 -110
Recommended Full Value Assessments 111
Tax Roll Collections 112
Expenditures Ratio of Annual Debt 113
Economics - Population, Building Permits, and Utility Customers 114
New Dwelling Units Constructed 115
Utility Information 116 -118
Operating Budget by Function 119 -120
Budgeted Revenues 121-122
Pie Charts -
Levy Rate 123
Source of Funds (Where the Money Comes From) 124
Use of Funds (Where the Money Goes) 125
Use of Funds by Function (How the Money Goes) 126
CITY HALL
215 Church Avenue
P.O. Box 1130
Oshkosh, Wisconsin
City of Oshkosh *
OJHKO/H
August 14, 2013
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, 2012, 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
of 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
an 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.
a'
Budgetary control is maintained at the department 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 the departmental balances are not released until additional
appropriations are made available. Authorized open purchase orders are reported as
reservations of fund balance as of December 31, 2012.
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 expenditures/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 2012 was:
RATIO OF DEBT TO DEBT
AMOUNT EQUALIZED VALUE PER CAPITA
Direct Bonded Debt $137,859,256 3.66% $2,086.15
Outstanding general obligation bonds at December 31, 2012 totaled $137,859,256 of
which $153,889 were issued for Parking Utility, $12,465,374 for Sewer Utility, $9,806,574 for
Water Utility, $2,880,000 for Industrial Park Fund, $504,956 for Transit System, $24,271 for
Golf Course, $1,550,000 for Oshkosh Center, and $9,643,533 for Storm Water Utility.
On June 28, 2012, $5,595,000 of General Obligation Refunding Bonds was sold at a net
true interest rate of 2.0180%. On November 1. 2012, $12,480,000 of Taxable General
Obligation Corporate Purpose Bonds, and $3,660,000 General Obligation Promissory Notes
were sold at a net true interest rate of 2.4156%, and 1.3428% respectively.
Assessed valuation of $3,738,959,600 represented an increase of 0.27% from the
preceding year.
The City's bonds have an Aa2 rating from Moody's Investors Service, Inc.
CAPITAL PROJECTS FUNDS
The proceeds of general obligation bond issues are accounted for in Capital Projects
Funds until improvement projects are completed. At the end of the fiscal year, completed
projects are accumulated in the capital asset category for Governmental Activity Funds.
INDEPENDENT AUDIT
The City is required to have an annual audit of its financial statements by independent
certified public accountants selected by the City Council. This requirement has been complied
with and the auditors' reports are included in the report.
ACKNOWLEDGMENTS
The preparation of this report on a timely basis could not be accomplished without the
efficient and dedicated services of the entire staff of the Department of Finance. I express my
appreciation to all members of the Department who assisted and contributed to its preparation. I
also thank the members of the City Council for their interest and support in planning and
conducting the financial operations of the City of Oshkosh in a responsible and progressive
iui:um
Respectfully submitted,
CITY OF OSHKOSH
MARK A. ROHLOFF, City Manager
PEGGY STEENO, Director of Finance
A ,f AD Do 1-11
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3
CITY OF OSHKOSH
COUNCIL MEMBERS AND PRINCIPAL OFFICERS
COUNCIL MEMBERS
Burk Tower, Mayor
Steve Cummings, Deputy Mayor
Steven Herman
Robert Poesch].
Debra Allis on-Aasby
Thomas R. Pech Jr.
Jef Hall
PRINCIPAL OFFICERS
Mark A. Rohioff, 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
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 66,325.
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 anddeciding 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 Cummings Deputy Mayor 2014
Steve Herman 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.
5
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. Rohioff, 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 Rohioff 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. Rohioff 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: Finance, Collections, Accounting, Parking, and Water/Sewer/Storm Water Utilities.
She assists the City Manager in preparing the City Budget and is responsible for the
administration of 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.
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 29 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 108 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 (GO Transit), consists of 17 buses and
contractor-operated intercity service serving nine routes. The buses travel over 561,000 miles
annually and provide mobility for 1,089,300 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 1,587 parking stalls. Spaces are leased on a monthly basis in four of the City lots
consisting of 85 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.
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 potable water 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 6.312 mgd in 2012. 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 2012 average daily flow was 11.233 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,l98 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. Fire and Transit contracts are in effect through 2014 and Police
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 $4,168,580.11 for the year ended December 31, 2012,
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, 2012 was $76,340.18.
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 Oshkoshand the
surrounding territory and encompasses an area of approximately 111 square miles. With respect
to equalized values for the year 2012, 73.01% 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 1,464 employees, both certified and non-certified.
The current enrollment has decreased by approximately 3.59% since the 2003-2012
school terms. The enrollment for the Unified School District for the past ten years is as follows:
Year Enrollment
2012/13 10,030
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
In addition to Unified School District operated schools, there are nine private and
parochial schools (kindergarten through grade 12). There are approximately 1,259 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
895.76 full-time equivalent students. The actual head count of students served is 4,999.
FINANCIAL SECTION
INDEPENDENT AUDITOR'S REPORT
To the Common Council
City of Oshkosh
Oshkosh, Wisconsin
We have audited the accompanying financial statements of the governmental activities, the business-type
activities, the discretely presented component unit, each major fund, and the aggregate remaining fund
information of the City of Oshkosh, Wisconsin ("the City") as of and for the year ended December 31, 2012, and
the related notes to the financial statements, which collectively comprise the City's basic financial statements as
listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance
with accounting principles generally accepted in the United States of America; this includes the design,
implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial
statements that are free from material misstatement, whether due to fraud or error.
Auditors' Responsibility
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 involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditors' judgment, including the assessment of the
risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the City's preparation and fair presentation of the
financial statements in order to design 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. Accordingly, we express no
such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of significant accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinions.
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 discretely presented component
unit, each major fund, and the aggregate remaining fund information of the City as of December 31, 2012, and the
respective changes in financial position and, where applicable, cash flows thereof and the budgetary comparison
for the general fund for the year then ended in conformity with accounting principles generally accepted in the
United States of America.
10
Appleton Fond du Lao Green Bay Manitowoc Milwaukee Oshkosh Sheboygan Stevens Point Wausau
AGN 800-236-2246 schencksc.com
iNraRNAfloflAL
Emphasis of Matter
As described in Note A.4.h, the City has implemented GASB Statement No. 63, Financial Reporting of Deferred
Outflows of Resources, Deferred Inflows of Resources, and Net Position and GASB Statement No. 65, Items
Previously Reported as Assets and Liabilities, for the year ended December 31, 2012. Our opinions are not
modified with respect to this matter.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's
discussion and analysis, the schedule of other post-employment benefit information on pages 12 through 21 and
page 61 be presented to supplement the basic financial statements. Such information, although not 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.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise
the City's basic financial statements. The financial information listed in the table of contents as supplementary
information are presented for purposes of additional analysis and are not a required part of the basic financial
statements.
The supplementary information is the responsibility of management and was derived from and relates directly to
the underlying accounting and other records used to prepare the basic financial statements. Such information
has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain
additional procedures, including comparing and reconciling such information directly to the underlying accounting
and other records used to prepare the basic financial statements or to the basic financial statements themselves,
and other additional procedures in accordance with auditing standards generally accepted in the United States of
America. In our opinion, the supplementary information is fairly stated, in all material respects, in relation to the
basic 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.
Report Issued in Accordance with Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated August 8, 2013, 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 in considering
the City's internal control over financial reporting and compliance.
Certified Public Accountants
Green Bay, Wisconsin
August 8, 2013
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MANAGEMENT'S DISCUSSION AND ANALYSIS
Management's Discussion and Analysis
December 31, 2012
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, 2012. 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 and deferred inflows of
resources as of December 31, 2012 and 2011 by $59,488,552 and $55,287,279 (net position),
respectively. Of this amount, $9,703,942 and $9,406,605 (unrestricted net position), respectively,
may be used to meet the City's ongoing obligations to citizens and creditors.
• The City's governmental activities net position increased by $4,201,273 and $3,982,164, respectively.
Several factors contributed to the overall changes.
• The property tax rate rose 2.2% and 2.4%, respectively, per $1,000 of property value for the years
ended December 31, 2012 and 2011, respectively.
• As of December 31, 2012 and 2011, the City's governmental funds reported combined ending fund
balances of $50,008,773 and $44,373,412, an increase of $5,635,361 for 2012 and an increase of
$3,063,299 for 2011. Approximately 20% and 19% of this total amount, $10,053,944 and $8,548,466
is available for spending at the City's discretion (assigned and unassigned fund balance),
respectively.
• As of December 31, 2012 and 2011, unassigned fund balance for the general fund was $8,820,427
and $8,520,110, or approximately 21% and 20% of total general fund expenditures, respectively.
• The City's total general-obligation debt increased by $4,227,391 (3.2%) during 2012. The key factor
in this increase was the issuance of $21,735,000 of general obligation debt and $17,507,609 of
principal payments of general obligation debt.
• 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.
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 position presents information on all of the City's assets, liabilities, and deferred
inflows of resources, with the difference being reported as net position. Over time, increases or
decreases in net position 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 position changed during the
most recent year. All changes in net position 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.,
uncollected taxes and earned but unused vacation leave.)
12
Management's Discussion and Analysis
December 31, 2012
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, community development, and TIF
districts. The business-type activities of the City include mass transit services, water utility, sewer utility,
parking utility, Oshkosh 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 (component unit) 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 62 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 59 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 TIE District funds from enterprise
funds to capital projects funds.
The City adopts an annual appropriated budget for the general fund, debt service fund and 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 9 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 fh l • '... I• II%.,#I ••I .4.., III fl_4I I..flC4I OLCII.'_.I I,I IL.
13
Management's Discussion and Analysis
December 31, 2012
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 four 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.
Required Supplementary Information. The required supplementary information provides information
and disclosures related to the City's other post-employment benefits. The required supplementary
information can be found immediately following the footnotes.
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 required supplementary information.
Government-wide Financial Analysis
Net position. As noted earlier, net position may serve over time as a useful indicator of a government's
financial position. in the case of the City, assets exceeded liabilities and deferred inflows of resources by
$207,131,709 and $198,500,415 at the close of 2012 and 2011, respectively.
City of Oshkosh's Net Position
Governmental Business-type
Activities Activities Total
2012 2012 2012
Current and other assets
Capital assets
Total assets
Long-term liabilities outstanding
Other liabilities
Total liabilities
Deferred inflows of resources
Net position:
Net investment in capital assets
Restricted
Unrestricted
Total net position
$ 108,706,477 $ 52,616,120 $ 161,322,597
120,275,617 241,420,836 361,696,453
228,982,094 294,036,956 523,019,050
117,978,145
13,615,959
138,033,681
7,564,369
256,011,826
21,180,328
131,594,104 145,598,050 277,192,154
37,899,438 795,749 38,695,187
19,419,962 119,805,631 139,225,593
30,364,648 - 30,364,648
9,703,942 27,837,526 37,541,468
$ 59,488,552 $ 147,643,157 $ 207,131,709
14
Management's Discussion and Analysis
December 31, 2012
City of Oshkosh's Net Position
Governmental Business-type
Activities Activities Total
2011 2011 2011
Current and other assets
Capital assets
Total assets
Long-term liabilities outstanding
Other liabilities
Total liabilities
Deferred inflows of resources
Net position:
Net investment in capital assets
Restricted
Unrestricted
Total net position
$ 103,513,793 $ 53,592,713 $ 157,106,506
112,618,440 226,571,444 339,189,884
216,132,233 280,164,157 496,296,390
100,980,580 118,338,093 219,318,673
59,864,374 18,612,928 78,477,302
160,844,954 136,951,021 297,795,975
19,229,355 101,773,674 121,003,029
26,651,319 - 26,651,319
9,406,605 41,439,462 50,846,067
$ 55,287,279 $ 143,213,136 $ 198,500,415
By far the largest portion of the City's net position (67%) and (61%), 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 position (15%) and (14%), respectively, represents resources that
are subject to external restrictions on how they may be used. The remaining balance of unrestricted net
position ($37,541,468) and ($50,846,067), respectively, may be used to meet the City's ongoing
obligations to citizens and creditors.
15
Management's Discussion and Analysis
December 31, 2012
Change in net position. Governmental activities increased the City's net position by $4,201,273 in 2012
and by $3,982,164 in 2011. Business-type activities increased the City's net position by $5,135,175 in
2012 and by $2,352,394 in 2011. Total net position of the City increased in 2012 by $9,336,448 and in
2011 by $6,334,558. Key elements of this change are as follows:
City of Oshkosh's C
Revenues:
Program revenues:
Charges for services
Operating grants and contributions
Capital grants and contributions
General revenues
Property and other taxes
Grants and contributions not restricted to
specific programs
Other
Total revenues
hange in Net Position
Governmental Business-type
Activities Activities Total
2012 2012 2012
$ 12,128,110 $ 30,827,766 $ 42,955,876
6,509,866 3,016,504 9,526,370
2,628,797 2,131,530 4,760,327
37,323,849 817,657 38,141,506
12,667,257
935,714
- 12,667,257
197,968 1,133,682
72,193,593 36,991,425 109,185,018
Expenses:
General government
Public safety
Public works
Health and welfare
Park and recreation
Transportation
Community development
Unclassified
Interest of long-term debt
Transit utility
Water utility
Sewer utility
Storm water utility
Other
Total expenses
Transfers
Total expenses and transfers
Change in net position
Net position -January 1, 2012
Prior period adjustment
Net position - January 1, 2012, restated
Net position - December 31, 2012
7,153,206 - 7,153,206
25,890,300 - 25,890,300
18,613,846 - 18,613,846
1,574,357 - 1,574,357
9,216,781 - 9,216,781
743,613 - 743,613
2,758,184 - 2,758,184
776,758 - 776,758
2,603,084 - 2,603,084
- 4,860,183 4,860,183
- 10,557,966 10,557,966
- 9,195,795 9,195,795
- 3,915,332 3,915,332
- 1,989,165 1,989,165
69,330,129 30,518,441 99,848,570
1,337,809 (1,337,809) -
67,992,320 31,856,250 99,848,570
4,201,273 5,135,175 9,336,448
55,287,279 143,213,136 198,500,415
- (705,154) (705,154)
55,287,279 142,507,982 197,795,261
$ 59,488,552 $ 147,643,157 $ 207,131,709
16
Management's Discussion and Analysis
December 31, 2012
City of Oshkosh's 'ange in Net Position
Governmental Business-type
Activities Activities Total
2011 2011 1 2011
Revenues:
Program revenues:
Charges for services
Operating grants and contributions
Capital grants and contributions
General revenues
Property and other taxes
Grants and contributions not restricted to
specific programs
Other
Total revenues
Expenses:
General government
Public safety
Public works
Health and welfare
Park and recreation
Transportation
Community development
Unclassified
Interest of long-term debt
Transit utility
Water utility
Sewer utility
Storm water utility
Other
Total expenses
Transfers
Total expenses and transfers
Increase in net position
Net position - January 1 2011
Prior period adjustment
Net position - January 1, 2011, restated
Net position - December 31, 2011
$ 10,885,311 $ 28,613,381 $ 39,498,692
6,428,168 2,862,158 9,290,326
6,057,270 1,816,885 7,874,155
36,060,801 888,750 36,949,551
13,227,462
1,527,037
- 13,227,462
640,574 2,167,611
74,186,049 34,821,748 109,007,797
6,579,998 - 6,579,998
25,344,065 - 25,344,065
15,786,739 - 15,786,739
1,396,562 - 1,396,562
9,076,401 - 9,076,401
728,496 - 728,496
9,376,637 - 9,376,637
606,496 - 606,496
3,463,336 - 3,463,336
- 4,945,229 4,945,229
- 10,352,077 10,352,077
- 8,851,545 8,851,545
- 4,171,390 4,171,390
- 1,994,268 1,994,268
72,358,730 30,314,509 102,673,239
2,154,845 (2,154,845) -
70,203,885 32,469,354 102,673,239
3,982,164 2,352,394 6,334,558
65,098,489 146,266,452 211,364,941
(13,793,374) (5,405,710) (19,199,084)
51,305,115 140,860,742 192,165,857
$ 55,287,279 $ 143,213,136 $ 198,500,415
Property and other taxes increased by $1,191,955 (3.2%) in 2012 and decreased by $435,467 (1.2%)
in 2011.
17
Management's Discussion and Analysis
December 31, 2012
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, 2012 and 2011, the City's governmental funds reported combined ending fund
balances of $50,008,773 and $44,373,412, an increase of $5,635,561 in 2012 and an increase of
$3,063,299 in 2011. Of the total fund balance, $404,518 and $1,491,905 constitutes unassigned fund
balance, which is available for spending at the City's discretion. The remainder of fund balance is
nonspendable, restricted, committed or assigned to indicate that it is not available for new spending
because it has already been committed as follows:
City of Oshkosh's Governmental Fund Balances
I 2012 I 2011
Nonspendable
Inventories and prepaid items $ 63,560 $ 20,117
Receivables from other funds 9,023,957 7,822,388
Total nonspendable $ 9,087,517 $ 7,842,505
Restricted for
Construction of assets $ 15,864,698 $ 12,466,838
Debt service 3,843,324 3,827,124
Special purposes 2,954,583 3,619,623
Trust agreements 7,702,043 7,615,773
Total restricted $ 30,364,648 $ 27,529,358
Committed to
Special purposes $ 199,313 $ 453,083
Assigned to
Construction of assets $ 9,450,113 $ 6,368,873
Subsequent year's budget 502,664 687,688
Total assigned $ 9,952,777 $ 7,056,561
Details of these fund balance categories can be found in Note A-4.j.
The general fund is the chief operating fund of the City. At the end of 2012 and 2011, unassigned fund
balance of the general fund was $8,820,427 and $8,520,110, respectively, while total fund balance
reached $9,386,651 and $9,708,106, 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 21% and 20% of total general fund expenditures.
The fund balance of the City's general fund decreased by $321,455 in 2012 and increased by $836,669 in
2011.
The debt service fund has a total fund balance of $1,598,474 and $878,039, an increase of $720,435 in
2012 and an increase of $75,394 in 2011.
18
Management's Discussion and Analysis
December 31, 2012
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 position of the proprietary funds at the end of the 2012 and 2011 amounted to
$27,837,526 and $41,439,462, respectively. Net position increased $4,430,021 in 2012 and $2,352,394
in 2011.
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 2012 and 2011, actual revenues exceeded budgeted revenues by $1,709,057 and $1,600,729,
respectively, primarily in charges for services. Actual expenditures were less than budgeted expenditures
by $45,734 in 2012 and $175,131 in 2011, but this was offset by other financing sources being over
budget by $422,393 in 2012 and under budget by $171,091 in 2011.
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, 2012 and 2011, amounted to $361,696,453 and $339,189,884 (net of accumulated
depreciation), respectively. This investment in capital assets includes land, land improvements, buildings,
machinery and equipment, vehicles, public domain infrastructure (highways and bridges), and
construction in progress. The City's capital assets increased by $22,506,569 or 7% for 2012 and
decreased by $23,938,889 or 8% for 2011.
Major capital asset acquired or constructed during the years ended 2012 and 2011 include:
• The governmental activities include constructed streets in the amount of $7,090,196 and $5,452,961,
purchased land in the amount of $194,992 and $615,234, vehicles in the amount of $3,545,653 and
$1,171,025 and building improvements and contents in the amount of $1,964,241 and $2,038,262,
respectively.
• The business-type activities purchased additional land and improvements in the amount of $622,375
and $509,882, and improvements to water, sewer and storm water utilities in the amount of
$30,645,351 and $24,930,894, respectively.
City of Oshkosh's Capital Assets
Governmental Business-type
Activities Activities Total
2012 2012 2012
Land $ 17,766,710 $ 9 1 233,466 $ 27,000,176
Construction in progress 2,883,175 23,729,960 26,613,135
Buildings and systems 34,363,978 196,078,937 230,442,915
Machinery and equipment 25,189,278 12,378,473 37,567,751
Infrastructure 4010721476 - 40,072,476
Total $ 120,275,617 $ 241,420,836 $ 361,696,453
19
Management's Discussion and Analysis
December 31, 2012
City of Oshkosh's Capital Assets
Governmental Business-type
Activities Activities Total
2011 2011 2011
Land
Construction in progress
Buildings and systems
Machinery and equipment
Infrastructure
Total
$ 17,571,718 $ 8,611,091 $ 26,182,809
- 31,831,548 31,831,548
35,105,542 172,259,921 207,365,463
22,468,465 13,868,884 36,337,349
37,472,715 - 37,472,715
$ 112,618,440 $ 226,571,444 $ 339,189,884
Long-term debt. At the end of 2012 and 2011, the City had total bonded debt outstanding of
$238,262,346 and $221,655,538, respectively. Of this amount, $137,859,252 and $133,631,861,
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).
City of Oshkosh's Outstanding Debt
Governmental Business-type
Activities Activities Total
2012 2012 r 2012
General obligations debt
Bonds and notes $ 100,855,655 $ 37,003,597 $ 137,859,252
Total general obligation debt 100,855,655 37,003,597 137,859,252
Revenue bonds - 100,403,094 100,403,094
Total $ 100,855,655 $ 137,406,691 $ 238,262,346
City of Oshkosh's Outstanding Debt
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
The City's total debt increased by $16,596,808 (7.5%) in 2012 and by $11,835,609 (5.6%) in 2011.
The City maintains an Aa2 rating from Moody's Investors Service for its general obligation debt.
20
Management's Discussion and Analysis
December 31, 2012
State statutes limit the amount of general obligation debt the City may issue to 5% of its total equalized
valuation. The debt limitation for 2012 and 2011 for the City was $188,130,055 and $188,804,295,
respectively, which is significantly in excess of the City's $137,859,252 and $133,631,861 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 2013 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. 0. Box 1130, Oshkosh, Wisconsin 54903-1130.
21
BASIC FINANCIAL STATEMENTS
CITY OF OSHKOSH, WISCONSIN
Statement of Net Position
December 31, 2012
Primary Government Component Unit
Governmental
Activities
Business-type I Activities I Total
Redevelopment
Authority
ASSETS
Cash and investments
Receivables
Accounts, net
Taxes
Special assessments
Loans
Internal balances
Due from other governments
Property held for resale
Inventories and prepaid items
Restricted cash and investments
Capital assets
Land and construction in progress
Other capital assets, net of accumulated
depreciation
Interest receivable
TOTAL ASSETS
LIABILITIES
Accounts payable
Accrued expenses
Accrued interest payable
Due to other governments
Unearned revenues
Deposits
Long-term obligations
Due within one year
Due in more than one year
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES
Property taxes
NET POSITION
Net investment in capital assets
Restricted for
Construction of assets
Debt service
Special purposes
Trust agreements
Unrestricted
TOTAL NET POSITION
$ 46,811,371 $ 18,544,513 $ 65,355,884 $ 1,682,390
8,192,069 10,277,363 18,469,432 -
37,989,583 795,749 38,785,332 -
6,000,802 - 6,000,802 -
3,732,067 - 3,732,067 -
5,910,110 (5,910,110) - -
6,915 187,444 194,359 -
- 6,711,609 6,711,609 -
63,560 844,824 908,384 -
- 21,159,449 21,159,449 636,000
20,649,885 32,963,426 53,613,311 17,720,778
99,625,732 208,457,410 308,083,142 -
- 5,279 5,279 -
228,982,094 294,036,956 523,019,050 20,039,168
5,051,731 5,608,606 10,660,337 -
3,004,409 - 3,004,409 -
465,607 1,852,743 2,318,350 -
3,640,698 80,360 3,721 058 -
117,674 2,260 119,934 -
1,335,840 20,400 1,356,240 14,843
9,048,203 10,455,509 19,503,712 -
108,929,942 127,578,172 236,508,114 6,360,000
131,594,104 145,598,050 277,192,154 6,374,843
37,899,438 795,749 38,695,187 -
19,419,962 119,805,631 139,225,593 11,360,778
15,864,698 - 15,864,698 -
3,843,324 - 3,843,324 636,000
2,954,583 - 2,954,583 -
7,702,043 - 7,702,043 -
9,703,942 27,837,526 37,541 468 1,667,547
$ 59,488,552 $ 147,643,157 $ 207,131,709 $ 13,664,325
The notes to the basic financial statements are an integral part of this statement.
22
CITY OF OSHKOSH, WISCONSIN
Statement of Activities
For the Year Ended December 31, 2012
Program Revenues
Operating Capital
Charges for Grants and Grants and
Expenses Services Contributions Contributions
it 7,153,206 $ 1,499,241 $ - $ 14,213
25,890,300 3,428,559 780,845 18,935
18,613,846 4,068,799 2,956,578 2,595,649
1,574,357 186,310 179,009 -
9,216,781 1,574,689 239,408 -
743,613 45,917 7,239 -
2,758,184 1,324,595 2,346,787 -
776,758 - - -
2,603,084 - - -
69 1 330 3 129 12,128,110 6,509,866 2,628,797
4,860,183 1,060,619 2,866,504 151,753
10,557,966 12,653,163 - 628,908
9,195,795 10,604,202 - 966,943
3,915,332 4,606,002 150,000 295,671
1,989,165 1,903,780 - 88,255
30,518,441 30,827,766 3,016 5 504 2,131,530
99,848570 42955,876 9,526370 4,760,327
$ 1,339,509 $ - - -
Functions/Programs
Primary government:
Governmental Activities
r flannt,I r,rn,csrnmcnt General government IhIfl.fl It
Public safety
Public works
Health and welfare
Parks and recreation
Transportation
Community development
Unclassified
Interest on debt
Total Governmental Activities
Business-type Activities
Transit utility
Water utility
Sewer utility
Storm water utility
Other
Total Business-type Activities
Total primary government
Component unit:
Redevelopment authority
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 position
Cumulative Effect of Change in Accounting Principle
Net position - January 1
Net position - December 31
The notes to the basic financial statements are an integral part of this statement.
23
Net (Expense) Revenue and Changes in Net Position
Component
Primary Government Unit
Governmental Business-type Redevelopment
Activities Activities Total Authority
$ (5,639,752) $ - $ (5,639,752) $ -
(21,661,961) - (21,661,961) -
(8,992,820) - (8,992,820) -
(1,209,038) - (1,209,038) -
(7,402,684) - (7,402,684) -
(690,457) - (690,457) -
913,198 - 913,198 -
(776,758) - (776,758) -
(2,603,084) - (2,603,084) -
(48,063,356) - (48,063,356) -
- (781,307) (781,307) -
- 2,724,105 2,724,105 -
- 2,375,350 2,375,350 -
- 1,136,341 1,136,341 -
- 2,870 2,870 -
- 5,457,359 5,457,359 -
(48,063,356) 5,457,359 (42,605,997) -
- - - (1,339,509
6,988,954 817,657 7,806,611 -
16,704,943 - 16,704,943 -
13,354,473 - 13,354,473 -
275,479 - 275,479 -
12,667,257 - 12,667,257 -
754,834 155,472 910,306 876
- 42,496 42,496 -
180,880 - 180,880 330
1,337,809 (1,337,809) - -
52,264,629 (322,184) 51,942,445 1,206
4,201,273 5,135,175 9,336,448 (1,338,303)
- (705,154) (705,154) (173,626)
55,287,279 143,213,136 198,500,415 15,176,254
$ 59,488,552 $ 147,643,157 $ 207,131,709 $ 13,664,325
24
CITY OF OSHKOSH, WISCONSIN
Balance Sheet
Governmental Funds
December 31, 2012
Special Other
Debt Assessment Government
General
=Governmentall
Service Improvement Funds
$ 3,217,380 $ 1,598,474 $ - $ 39,286,696 $ 44,102,550
6,417,353 17,015,651 - 14,536,179 37,969,183
308,889 - 5,691,913 - 6,000,802
7,051,791 - - 1,042,531 8,094,322
- - - 3,732,067 3,732,067
1,608,829 - - 12,439,855 14,048,684
- - - 6,915 6,915
63,560 - - - 63,560
$ 18,667,802 $18,614,125 $ 5,691,913 $ 71,044,243 $ 114,018,083
$ 275,647 $ - $ 2,035 $ 4,735,243 $ 5,012,925
2,204,409 - - - 2,204,409
450,246 - 6,611,049 1,077,279 8,138,574
- - - 3,640,698 3,640,698
21,674 - - 96,000 117,674
1,967 - 1,182,529 151,344 1,335,840
2,953,943 - 7,795,613 9,700,564 20,450,120
6,327,208 17,015,651 - 14,536,179 37,879,038
- - 5,680,152 - 5,680,152
6,327,208 17,015,651 5,680,152 14,536,179 43,559,190
63,560 - - - 63,560
- - - 9,023,957 9,023,957
- - = 15,864,698 15,864,698
- 1,598,474 - 2,244,850 3,843,324
- - - 2,954,583 2,954,583
- - - 7,702,043 7,702,043
- - - 199,313 199,313
- - - 9,450,113 9,450,113
502,664 - - - 502,664
8,820 3 427 - (7,783,852) (632,057) 404,518
9,386,651 1,598,474 (7,783,852) 46,807,500 50,008,773
$ 18,667,802 $ 18,614,125 $ 5,691,913 $ 71,044,243 $ 114,018,083
ASSETS
Cash and investments
Receivables
Taxes
Special rnnn+c,
Accounts, net
Loans
Due from other funds
Due from other governments
Inventories and prepaid items
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Accrued payroll liabilities
Due to other funds
Due to other governments
Unearned revenues
Deposits
Total Liabilities
Deferred Inflows of Resources
Property taxes
Special assessments
Total Deferred Inflows of Resources
Fund Balances
Nonspendable
Inventories and prepaid items
Receivables from other
funds
Restricted for
Construction of assets
Debt service
Special purposes
Trust agreements
Committed to
Special purposes
Assigned to
Construction of assets
Subsequent year's budget
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES, DEFERRED
INFLOWS OF RESOURCES
AND FUND BALANCES
The notes to the basic financial statements are an integral part of this statement.
25
CITY OF OSHKOSH, WISCONSIN
Balance Sheet (Continued)
Governmental Funds
December 31, 2012
Reconciliation to the Statement of Net Position
Total Fund Balance - Total Governmental Funds
Amounts reported for governmental activities in the statement of net position are different because:
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.
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 position.
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:
$ 50,008,773
120,275,617
5,680,152
1,967,762
Bonds and notes payable $ (100,855,655)
Unfunded pension liability (10,255,576)
Employee benefits (6,866,914)
Accrued interest on long-term obligations (465,607) (118,443,752)
Net Position of Governmental Activities $ 59,488,552
The notes to the basic financial statements are an integral part of this statement.
26
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balances
Governmental Funds
For the Year Ended December 31, 2012
Special Other Total
Debt Assessment Governmental Governmental
General Service Improvement Funds Funds
$ 7,264,433 $ 16,704,943 $ - $ 13,200,015 $ 37,169,391
- - 1,685,201 134,058 1,819,259
15,218,357 - - 2,736,236 17,954,593
1,686,884 - - 10,280 1,697 7 164
693,361 - - - 693,361
3,341,846 - - 1,416,321 4,758,167
3,959,645 - - - 3,959,645
663,131 26,946 - 2,896,199 3,586,276
32,827,657 16,731,889 1,685,201 20,393,109 71,637,856
5,970,307 - - - 5,970,307
23,804,665 - - 383,277 24,187,942
8,218,262 - - 2,065,553 10,283,815
- - - 1,094,576 1,094,576
1,890,720 - - 5,695,728 7,586,448
599,980 - - - 599,980
1,613,305 - - 2,006,781 3,620,086
766,501 - - - 766,501
- 6,230,413 - 2,339,143 8,569,556
52,365 1,576,868 - 1,213,599 2,842,832
- - 4,091,871 13,762,519 17,854,390
42,916,105 7,807,281 4,091,871 28,561,176 83,376,433
Revenues
Taxes
Special assessments
Intergovernmental
Licenses and permits
Fines and forfeits
Public charges for services
Intergovernmental charges for services
Miscellaneous
Total Revenues
Expenditures
Current
General government
rUL,IIL, s a ieiy
Public works
Health and welfare
Parks and recreation
Transportation
Community development
Unclassified
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
Excess of Revenues Over (Under)
Expenditures (10,088,448) 8,924,608 (2,406,670) (8,168,067) (11,738,577)
Other Financing Sources (Uses)
Long-term debt issued 63,121 4,105,000 - 15,875,879 20,044,000
Payment to refunding escrow agent - (4,007,871) - - (4,007,871)
Transfers in 9,728,872 - - 1,928,917 11,657,789
Transfers out (25,000) (8,301,302) - (1,993,678) (10,319,980)
Total Other Financing Sources (Uses) 9,766,993 (8,204,173) - 15,811,118 17,373,938
Net Change in Fund Balances (321,455) 720,435 (2,406,670) 7,643,051 5,635,361
Fund Balances (Deficit) - January 1 9,708,106 878,039 (5,377,182) 39,164,449 44,373,412
Fund Balances (Deficit) - December 31 $ 9,386,651 $ 1,598,474 $ (7.783,852) $ 46,807,500 $ 50,008,773
The notes to the basic financial statements are an integral part of this statement.
27
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balances (Continued)
Governmental Funds
For the Year Ended December 31, 2012
Reconciliation of the Statement of Activities
Net Change in Fund Balances - Total Governmental Funds
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlays as expenditures. However, in the
Capital outlay reported in governmental fund statements
Depreciation expense reported in the statement of activities
Amount by which capital outlays are greater than depreciation in
current period
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.
Revenues in the statement of activities that do not provide current financial
resources are not reported as revenues in the funds.
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 position, however, debt constitute a long-
term liability. The amount of debt reported in the governmental funds
statement is:
Repayment of principal on long-term debt is reported in the governmental
funds as an expenditure, but is reported as a reduction in long-term debt in
the statement of net position and does not affect the statement of activities.
The amount of long-term debt principal payments in the current year 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:
Change in Net Position of Governmental Activities
$ 5,635,361
$ 15,917,799
(8,260,622)
7,657,177
(1,813,447)
910,448
(961,441)
(20,044,000)
12,577,430
239,745
$ 4,201,273
The notes to the basic financial statements are an integral part of this statement.
28
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balance
Budget and Actual
General Fund
For the Year Ended December 31, 2012
Variance with
Final Budget -
Budgeted Amounts
Actual
Positive
(Negative) Original I Final
$ 6,956,700 $ 6,956,700 $ 7,264,433 $ 307,733
15,009,400 15,009,400 15,218,357 208,957
1,384,500 1,384,500 1,686,884 302,384
735,000 735,000 693,361 (41,639)
3,096,600 3,096,600 3,341,846 245,246
3,187,800 3,187,800 3,959,645 771,845
748,600 748,600 663,131 (85,469)
31,118,600 31,118,600 32,827,657 1,709,057
5,91 0,021 5,993,439 5,970,307 23,132
22,714,084 23,804,671 23,804,665 6
8,585,705 8,218,261 8,218,262 (1)
1,903,000 1,890,720 1,890,720 -
687,200 599,977 599,980 (3)
1,640,500 1,638,304 1,613,305 24,999
493,999 816,467 766,501 49,966
- - 52,365 (52,365)
41,934,509 42,961,839 42,916,105 45,734
(10,815,909) (11,843,239) (10,088,448) 1,754,791
- - 63,121 63,121
9,344,600 9,344,600 9,728,872 384,272
- - (25,000) (25,000)
9,344,600 9,344,600 9,766,993 422,393
(1,471,309) (2,498,639) (321,455) 2,177,184
9,708,106 9,708,106 9,708,106 -
$ 8.236,797 $ 7,209,467 $ 9,386,651 $ 2,177,184
Revenues
Taxes
Intergovernmental
Licenses and permits
Fines and forfeits
Public charges for services
Intergovernmental charges for services
Miscellaneous
Total Revenues
Expenditures
Current
General government
Public safety
Public works
Parks and recreation
Transportation
Community development
Unclassified
Debt service
Interest and fiscal charges
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balance
Fund Balance - January 1
Fund Balance - December 31
The notes to the basic financial statements are an integral part of this statement.
29
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF OSHKOSH, WISCONSIN
Statement of Net Position
Proprietary Funds
December 31, 2012
ASSETS
Current Assets
Cash and investments
,-, hi
I S¼#I vaIJI'o
Accounts
Taxes
Due from other funds
Due from other governments
Property held for resale
Inventories and prepaid items
Total Current Assets
Noncurrent Assets
Restricted cash and investments
Capital assets
Land and construction in progress
Other capital assets, net of accumulated
depreciation
Total capital assets, net
Interest receivable
Total Noncurrent Assets
TOTAL ASSETS
LIABILITIES
Current Liabilities
Accounts payable
Accrued expenses
Due to other funds
Due to other governments
Unearned revenues
Deposits
Current portion of long-term obligations
Total Current Liabilities
Noncurrent Liabilities
Employee benefits
Long-term debt
Total Noncurrent Liabilities
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES
Property taxes
NET POSITION
Net investment in capital assets
Unrestricted
TOTAL NET POSITION
Enterprise Funds
Transit
Utility
Water
Utility
Sewer
Utility
$ 1,246,966 $ 6,775,429 $ 5,380,411
285,012 4,080,981 3,789,961
795,749 - -
- 1,406,356 542,241
187,444 - -
142,233 677,653 23,896
2,657,404 12,940,419 9,736,509
- 8,524,236 9,656,376
367,811 5,649,499 4,465,002
2,726,035 83,479,215 71,752,629
3,093,846 89,128,714 76,217,631
- 2,248 1,444
3,093,846 97,655,198 85,875,451
5,751,250 110,595,617 95,611,960
142,452 1,717,766 2,001,363
1,318 1,509,756 149,647
- 982,388 1,541,661
80,360 - -
2,260 - -
- 2,000 13,400
64,618 4,194,268 3,634,359
291,008 8,406,178 7,340,430
133,771 254,923 182,337
440,337 51,586,530 33,609,885
574,108 51,841,453 33,792,222
865,116 60,247,631 41,132,652
795,749 - -
2,588,891 39,334,932 45,297,385
1,501,494 11,013,054 9,181,923
$ 4,090.385 $ 50,347,986 $ 54,479,308
The notes to the basic financial statements are an integral part of this statement.
30
Enterprise Funds (Continued)
Nonmajor Internal
Storm Water Enterprise Service
Utility Funds Total I Funds
$ 5,077,721 $ 63,986 $ 18,544,513 $ 2,708,821
1,735,407 386,002 10,277,363 97,747
- - 795,749 20,400
174,437 - 2,123,034 -
- - 187,444 -
- 6,711,609 6,711,609 -
1,042 - 844,824
6,988,607 7,161,597 39,484,536 2,826,968
2.978837 - 21.159
16,585,841 5,895,273 32,963,426
43,042,181 7,457,350 208,457,410 -
59,628,022 13,352,623 241,420,836 -
1,587 - 5,279 -
62,608,446 13,352,623 262,585,564 -
69,597,053 20,514,220 302,070,100 2,826,968
1,601,261 145,764 5,608,606 38,806
169,167 22,855 1,852,743 800,000
3,178,519 2,330,576 8,033,144 -
- - 80,360 -
- - 2,260 -
- 5,000 20,400 -
1,998,435 563,829 10,455,509 -
6,947,382 3,068,024 26,053,022 838,806
19,714 36,245 626,990 -
37,295,099 4,019,331 126,951,182 -
37,314,813 4,055,576 127,578,172 -
44,262,195 7,123,600 153,631,194 838,806
- - 795.749 20,400
20,939,960 11,644,463 119,805,631 -
4,394,898 1,746,157 27,837,526 1,967,762
$ 25,334,858 $ 13,390,620 $ 147,643,157 $ 1,967,762
31
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenses and Changes in Net Position
Proprietary Funds
For the Year Ended December 31, 2012
Enterprise Funds
Transit
Utility
Water
Utility
Sewer
Utility
Operating Revenues
Taxes
Fines, forfeitures and penalties
Intergovernmental charges for services
Public charges for services
Other revenues
Total Operating Revenues
Operating Expenses
Operating and maintenance
Depreciation and amortization
Taxes
Claims and administration
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses)
Taxes
Intergovernmental revenues
Interest on investments
Gain on disposal of capital assets
Interest and fiscal charges
Total Nonoperating Revenues (Expenses)
Income (Loss) Before Transfers and Contributed Capital
Transfers in
Transfers out
Contributed capital
Change in Net Position
Cumulative Effect of Change in Accounting Principle
Net Position - January 1
Net Position - December 31
$
I
$
I
$
1,031,244 12,422,021 10,589,404
29,375 231,142 14,798
1,060,619 12,653,163 10,604,202
4,286,667 5,190,896 5,227,829
563,613 3,604,915 2,840,348
- 128,575 139,783
4,850,280 8,924,386 8,207,960
(3,789,661) 3,728,777 2,396,242
817,657 - -
2,866,504 - -
- 54,029 44,246
(9,903) (1,633,580) (987,835)
3,674,258 (1,579,551) (943,589)
(115,403) 2,149,226 1,452,653
- (1,000,000) -
151,753 628,908 966,943
36,350 1,778,134 2,419,596
- (464,630) (178,035)
4,054,035 49,034,482 52,237,747
$ 4,090,385 $ 50,347986 $ 54,479,308
The notes to the basic financial statements are an integral part of this statement.
32
Enterprise Funds (Continued)
Storm Nonmajor Internal
Water Enterprise Service
Utility Funds Total Funds
$ - $ 1,193,480 $ 1,193,480 $ -
- 32,173 32,173 -
- - - 7,520,915
4,595,314 625,974 29,263,957 -
10,688 52,153 338,156 1,802,878
4,606,002 1,903,780 30,827,766 9,323,793
1,821,770 1,617,171 18,144,333 -
1,066,710 215,506 8,291,092 -
56,707 - 325,065 -
- - - 11,166,560
2,945,187 1,832,677 26,760,490 11,166,560
1,660,815 71,103 4,067,276 (1,842,767)
- - 817,657 20,400
150,000 - 3,016,504 -
55,110 2,087 155,472 8,920
- 42,496 42,496 -
(970,145) (156,488) (3,757,951) -
(765,035) (111,905) 274,178 29,320
895,780 (40,802) 4,341,454 (1,813,447)
- 12,041 12,041 -
- (349,850) (1,349,850) -
295,671 88,255 2,131,530 -
1,191,451 (290,356) 5,135,175 (1,813,447)
(60,233) (2,256) (705,154) -
24,203,640 13,683,232 143,213,136 3,781,209
$ 25,334,858 $ 13,390,620 $ 147,643,157 $ 1,967,762
33
$ 1,085,954 $ 13,132,330 $ 10,257,566
(4,336,145) (5,641,010) (5,590,799)
(3,250,191) 7,491,320 4,666,767
817,657 - -
- (1,000,000) -
2,753,383 - -
3,571,040 (1,000,000) -
(223,481) (5,362,769) (4,085,032)
- (2,940,800) (2,433,416)
(84,558) (990,402) (1,133,216)
(10,324) (1,622,092) (973,634)
- 5,648,633 6,270,000
201,000 - -
196,295 1,005,460
151,753 628,908 966,943
34,390 (4,442,227) (382,895)
- 76,251 48,809
355,239 2,125,344 4,332,681
891,727 13,174,321 10,704,106
$ 1,246,966 $ 15,299,665 $ 15,036,787
CITY OF OSHKOSH, WISCONSIN
Statement of Cash Flows
Proprietary Funds
For the Year Ended December 31, 2012
Enterprise Funds
Transit
Utility
Water
Utility
Sewer
Utility
Cash Flows from Operating Activities
Cash received from customers
Cash payments to suppliers and employees
Net Cash Provided (Used) by Operating Activities
Cash Flows from Non-Capital Financing Activities
Property taxes received
Transfer from other funds
Transfer to other funds
Operating grants received
Net Cash Provided (Used) by Non-Capital Financing Activities
Cash Flows from Capital and Related Financing Activities
Acquisition of capital assets
Principal payments on revenue bonds
Principal paid on general obligation debt
Interest payments on debt
Revenue bonds issued
General obligation debt issued
Proceeds from sale of assets
Cash received from other funds
Capital contributions
Net Cash Provided (Used) by Capital and Related
Financing Activities
Cash Flows from Investing Activities
Investment income received
Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents - January 1
Cash and Cash Equivalents - December 31
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
Operating income (loss)
Adjustments to reconcile operating income to
net cash provided (used) by operating activities:
Depreciation
Depreciation charged operating accounts
Changes in assets and liabilities
Accounts receivable
Due from other funds
Inventories and deferred charges
Accounts payable and accrued expenses
Due to other funds
Employee benefits
LJICu I eu revenues and uCpOIL
Net Cash Provided (Used) by Operating Activities
Noncash +h,fic
Contributed capital assets
$ (3,789,661) $ 3,728,777 $ 2,396,242
563,613 3,604,915 2,840,348
- 119,529 (119,529)
25,100 359,638 (227,107)
8,090 (47,343) 764
(30,141) (321,856) (227,703)
(27,427) 47,660 3,752
$ (3,250,191) $ 7,491,320 $ 4,666,767
The notes to the basic financial statements are an integral part of this statement.
34
Enterprise Funds (Continued)
Other Internal
Storm Water Proprietary Service
Utility Funds Total Funds
$ 4,237,856 $ 1,901,701 $ 30,615,407 $ 9,252,488
(1,810,291) (1,583,441) (18,961,686) (11,136,859)
2,427,565 318,260 11,653,721 (1,884,371)
- - 817,657 20,400
- 12,041 12,041 -
- (349,850) (1,349,850) -
150,000 - 2,903,383 -
150,000 (337,809) 2,383,231 20,400
(13,297,838) (33,080) (23,002,200) -
(985,000) - (6,359,216) -
(749,548) (1,972,455) (4,930,179) -
(941,618) (217,400) (3,765,068) -
6,810,000 - 18,728,633 -
- 1,490,000 1,691,000 -
- 68,151 68,151 -
724,064 373,830 2,299,649 -
295,671 - 2,043,275 -
(8,144,269) (290,954) (13,225,955) -
83,768 2,087 210,915 8,920
(5,482,936) (308,416) 1,021,912 (1,855,051)
13,539,494 372,402 38,682,050 4,563,872
$ 8,056,558 $ 63,986 $ 39,703,962 $ 2,708,821
$ 1,660,815 $ 71,103 $ 4,067,276 $ (1,842,767)
1,066,710 215,506 8,291,092 -
(212,763) (2,079) (57,211) (71,305)
(155,383) - (155,383) -
471 - (38,018) -
67,864 6,177 (505,659) 29,701
- 18,281 18,281 -
(149) 9,272 33,108 -
- - 235 -
$ 2,427,565 $ 318,260 $ 11,653,721 $ (1,884,371)
- $ 88,255 $ 88,255 $ -
35
Agency Funds
Property
Taxes
Hospital I Bioterrorism
ASSETS
Cash and cash equivalents
Taxes receivable
Accounts receivable
Total assets
$ 31,858,768 $ 4,202
26,239,836 -
4,472 -
$ 58,103,076 $ 4,202
LIABILITIES
Accounts payable
Due to other governments
Total liabilities
$ 17,605 $ -
58,085,471 4,202
$ 58,103,076 $ 4202,
CITY OF OSHKOSH, WISCONSIN
Statement of Net Position
Fiduciary Funds
December 31, 2012
The notes to the basic financial statements are an integral part of this statement.
36
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
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 unit:
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 position 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.
37
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
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
nnirnmnf' - yr.pnt tht rni ire-rI in Ke rrnl nirl fnr in nnfhe-r fiinl • ••- •---r-- -. - -----'-• .-,-. ..
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
r1-.:,-. L--. .-..c -....-.i .-....1 I- I .....j subsequent MIS II UI IU L,UUI IL IJI LI I IUL UI LdpILI }JI 11U L11 I.IdI assessment dilU bUL1UFIL
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.
38
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
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.
39
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
4. Assets, Liabilities, Deferred Inflows/Outflows of Resources and Net Position or Fund Balance
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 offset by 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 position 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.
40
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
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:
Governmental
Activities
Business-Type I Activities
Years
Assets
Buildings, systems and land improvements 30-80 25-88
Machinery and equipment
1-25 10-25
Infrastructure 20-35 40-150
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.
Deferred Inflows/Outflows of Resources
The City implemented GASB Statement No. 63, Financial Reporting of Deferred Outflows of
Resources, Deferred Inflows of Resources, and Net Position and GASB Statement No. 65, Items
Previously Reported as Assets and Liabilities for the year ended December 31, 2012. In addition to
assets, the statement of net position will sometimes report a separate section for deferred outflows of
resources. This separate financial statement element, deferred outflows of resources, represents a
consumption of net position that applies to a future period(s) and so will not be recognized as an
outflow of resources (expense/expenditure) until then. The City currently does not have any items
that qualify for reporting in this category.
In addition to liabilities, the statement of net position will sometimes report a separate section for
deferred inflows of resources. This separate financial statement element, deferred inflows of
resources, represents an acquisition of net position that applies to a future period and so will not be
recognized as an inflow of resources (revenue) until that time. The City has one type of item that
qualifies for reporting in this category, property taxes. This amount will be recognized as an inflow of
resources in the subsequent year for which it was levied. The City also has additional types of items,
which arise only under a modified accrual basis of accounting, which qualifies for reporting in this
category. Accordingly, the item, unavailable revenue, is reported only in the governmental funds
balance sheet. The governmental funds report unavailable revenues from one source, special
assessments. These amounts are deferred and recognized as an inflow of resources in the period
the amounts become available.
41
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
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 position.
Bond premiums and discounts are deferred and amortized over the life of the bonds. Bonds payable
are reported net of the applicable bond premium or discount. Issuance costs are expensed as
incurred.
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.
Net Position 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 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 capital assets, construction, debt service, or for other purposes).
42
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Government-wide and Proprietary Fund Statements
Equity is classified as net position and displayed in three components:
• Net investment in capital assets - 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 position - Amount of net position that is 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 position - Net position that is neither classified as restricted nor as net investment
in capital assets.
Use of Restricted Resources
When an expense is incurred that can be paid using either restricted or unrestricted resources (net
position), 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.
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
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.
43
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE B - STEWARDSHIP AND COMPLIANCE (Continued)
• 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
(nrI Pi inri, iv Srtr'itI Ppxionina Pt inn1c (I ihrr, l\Ai ii rn rnfrti (rrr,ry,if+ ,,r, Ar,ir,,-, '—..-. -.• J , ., 7, %.#JI I 11111 LL'-.I'..I '.JI I rii I,
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, 2012.
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, 2012 as follows:
Excess
Fund Function Expenditures
General Fund Debt service
$ 52,365
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, 2012:
Deficit Fund
Fund I Equity
Special Revenue Funds
Cemetery $ 28,704
Community Development Block Grant 37,464
Leach Amphitheater 42,701
Public Works Special Fund 8,071
Capital Projects Funds
Street Tree 2,022
Grand Opera House 9,759
Special Assessments Improvement 7,783,852
TIF #21 Fox River Corridor 216,449
T11 Q\AI Ir,,l.4r.,I O.L,
I II =4403 v V II IOLI II Pa r k, IS
Al QAQ . I
TIF #25 City Center Hotel 221,504
TIF #26 Aviation Business Park 23,535
The City anticipates funding the above deficits from future revenues and tax levies of the funds.
44
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
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 $118,378,303 on December 31, 2012 as
summarized below:
Petty cash funds $ 9,035
Deposits with financial institutions 109,805,008
Investments
U.S. Government agency securities 2,948,425
Money market mutual funds 1,756,825
Mutual funds 3,140,453
Oshkosh Community Foundation 76,701
Corporate stocks and bonds 608,436
Wisconsin local government pool 33,420
$ 118,378,303
Reconciliation to the basic financial statements:
Government-wide Statement of Net Position
Cash and investments $ 65,355,884
Restricted cash and investments 21,159,449
Fiduciary Funds Statement of Net Position
Agency fund 31,862,970
$ 118,378,303
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.
45
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
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 hp. nhh-to rovr thi= vAh i of its investmnt or roIItrl s.iiritis tht Priz. in th nossssion 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.
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
I... addition, 44.,,.., C i ty 's non-interest ,,., transaction ....h.. , official IL,ll I custodian Jl depository. in I LI I '... Ly 0 IJCI II I LI CI I0I.11jI I accounts arefully
insured through December 31, 2012. As of January 1, 2013 the City's noninterest-bearing transaction
accounts are combined with its interest-bearing demand deposits for FDIC insurance. 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, 2012, none of the City's deposits with financial institutions was in excess of federal
and state 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 yearend for each investment type.
Investment Type Amount
Exempt
From
Disclosure
Ratings as of Year End
AAA Aa
I Not
Rated
Federal Farm Credit Bank
Federal National Mortgage
Money market mutual funds
Mutual funds
Oshkosh Community Found.
Corporate stocks/bonds
Wisconsin local government
investment pool
$ 2,198,425 $
750,000
1,756,825
3,140,453
76,701
608,436
420
- $ 2,198,425 $ - $ -
- 750,000 - -
- - - 1,756,825
- - - 3,140,453
- - - 76,701
- - - 608,436
- - - 33
$ 8,564,260 $ - $ 2,948,425 $ - $ 5,615,835
Me
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
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.
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:
Investment Type Amount
Remaining Maturity (in Months)
12 months
or Less
13 to 24 I Months
25 to 60 I Months
More Than 1 60 Months
Federal Farm Credit Bank $ 2,198,425 $ - $ - $ - $2,198,425
Federal National Mortgage 750,000 - - 750,000 -
Money market mutual funds 1,756,825 1,756,825 - - -
Mutual funds 3,140,453 3,140,453 - - -
Oshkosh Community Found. 76,701 76,701 - - -
Wisconsin local government
investment pool 33,420 33,420 - - -
Totals $ 7,955,824 $ 5,007,399 $ - $ 750,000 $2,198,425
Investments with Fair Values Highly Sensitive to Interest Rate Fluctuations
The City's investments in Federal Farm Credit Bank and Federal National Mortgage Association
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 $33,420 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, 2012, 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, 2012, the carrying amount of the Authority's deposits was $1,682,390 consisting of
$354,653 in bank deposits and $1,327,737 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, 2012, none of the Authority's deposits with financial institutions was in excess of
federal and state depository insurance limits and uncollateralized.
Investments
On December 31, 2012, the Authority held U. S. Treasury Obligation mutual funds of $636,000. These
obligations are unrated and will mature within 12 months.
47
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Restricted Assets
Restricted assets on December 31, 2012 totaled $21,159,449 and consisted entirely of cash and
investments for the following purposes.
Water Utility
Debt proceeds restricted for capital outlay $ 5,987,016
General obligation redemption fund 2,400,283
Depreciation fund 136,937
8,524,236
Sewer Utility
Debt proceeds restricted for capital outlay 6,323,998
General obligation redemption fund 1,513,371
Replacement fund 1,819,007
9,656,376
Storm Water Utility
Debt proceeds restricted for capital outlay 605,472
General obligation redemption fund 2,373,365
2,978,837
Total Restricted Assets $ 21,159,449
3. Property Taxes
Property taxes are recorded in the year levied as receivables and deferred inflows of resources 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 - 2012 tax roll
Lien date and levy date
Tax bills mailed
Payment in full, or:
First installment due
Second installment due
Third installment due
Fourth installment due
Personal property taxes in full
Tax settlements:
Initial settlement
Second, third and fourth settlement
Final settlement
Tax deed by County --
2012 delinquent real estate taxes
December 31, 2012
On or after December 1, 2012
January 31, 2013
March 31, 2013
May 31, 2013
July 31, 2013
January 31, 2013
January 15, 2013
20 days after the collection date
August 20, 2013
October 1, 2016
48
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
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 2012 and 2013 budget years, 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%. The actual limit for the City for
the 2013 budget was 0.59%. 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, 2012 was as follows:
Primary Government
Beginning
Balance Increases I Decreases
Ending
Balance
Governmental activities:
Capital assets not being depreciated
Land $ 17,571,718 $ 194,992 $ - $ 17,766,710
Construction in progress - 2,883,175 - 2,883,175
Total capital assets not being depreciated 17,571,718 3,078,167 - 20,649,885
Capital assets being depreciated
Buildings and systems
Infrastructure
Machinery and equipment
Total assets being depreciated
Less accumulated depreciation for:
Buildings and systems
Infrastructure
Machinery and equipment
Total accumulated depreciation
47,274,879 239,542 - 47,514,421
66,758,595 7,090,196 2,112,079 71,736,712
48,291,840 5,509,894 1,171,704 52,630,030
162,325,314 12,839,632 3,283,783 171,881,163
12,169,337 981,106 - 13,150,443
29,285,880 4,490,435 2,112,079 31,664,236
25,823,375 2,789,081 1,171,704 27,440,752
67,278,592 8,260,622 3,283,783 72,255,431
Total capital assets being depreciated, net 95,046,722 4,579,010 - 99,625,732
Governmental activities capital assets, net $ 112,618,440 $ 7,657,177 $ - $ 120,275,617
Depreciation expense was charged to functions of the primary government as follows:
Governmental activities:
General government
Public safety
Public works
Health and welfare
Parks and recreation
Community development
Total depreciation expense - governmental activities
$ 355,445
962,367
5,607,124
3,441
1,243,370
88,875
$ 8,260,622
49
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Primary Government
Beginning
Balance Increases j Decreases
Ending
Balance
$ 8,611,091 $ 622,375 $ - $ 9,233,466
31,831,548 - 8,101,588 23,729,960
40,442,639 622,375 8,101,588 32,963,426
235,397,314 29,668,233 1,160,929 263,904,618
41,302,075 977,118 44,524 42,234,669
276,699,389 30,645,351 1,205,453 306,139,287
63 3 137 3 393 5,849 5 218 1,160,930 67,825,681
27,433,191 2,441,874 18,869 29,856,196
90,570,584 8,291,092 1,179,799 97,681,877
186,128,805 22,354,259 25,654 208,457,410
$ 226,571,444 $ 22,976,634 $ 8,127,242 $ 241,420,836
Business-type activities:
Capital assets not being depreciated
Land
Construction in progress
Total capital assets not being depreciated
Capital assets being depreciated
Buildings, systems, land improvements
Machinery and equipment
Total assets being depreciated
Less accumulated depreciation for:
Buildings, systems, land improvements
Machinery and equipment
Total accumulated depreciation
Total capital assets being depreciated, net
Business-type activities capital assets, net
Depreciation expense was charged to functions of the primary government as follows:
Business-type activities:
Transit utility $ 563,613
Water utility 3,604,915
Sewer utility 2,840,348
Storm water utility 1,066,710
Other 215,506
Total depreciation expense - business-type activities $ 8,291,092
5. Notes receivable
Notes receivable of $3,732,067 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.
50
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
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, 2012:
Beginning I I
Ending Due Within
Balance Additions Reductions Balance I One Year
$ 93,389,085 $ 20,044,000 $ 12,577,430 $ 100,855,655 $ 9,048,203
3,066,770 75,642 - 3,142,412 -
3,045,113 1,300,951 621,562 3,724,502 -
10,049,166 723,540 517,130 10,255,576
16,161,049 2,100,133 1,138,692 17,122,490 -
$ 109,550,134 $ 22,144,133 $ 13,716,122 $ 117,978,145 $ 9,048,203
Governmental activities:
General obligation
bonds and notes
Other liabilities
Unused vacation and
sick leave credits
Accrued OPEB obligation
Unfunded pension liability
Total other liabilities
Total governmental activities
long-term obligations
Business-type activities:
Bonds payable
General obligation debt
Transit utility $ 388,513 $ 201,000 $ 84,558 $ 504,955 $ 64,618
Water utility 10,796,976 - 990,402 9,806,574 1,025,979
Sewer utility 13,598,590 - 1,133,216 12,465,374 1,077,365
Storm water utility 10,393,082 - 749,548 9,643,534 738,435
Parking utility 177,555 - 48,666 128,889 48,667
Oshkosh Redevelopment 1,727,990 75,000 247,990 1,555,000 175,000
Industrial Park 3,130,912 1,415,000 1,670,912 2,875,000 335,000
Golf course 29,158 - 4,887 24,271 5,162
Total General Obligation Debt 40,242,776 1,691,000 4,930,179 37,003,597 3,470,226
Revenue bonds
Water utility 43,266,391 5,648,633 2,940,800 45,974,224 3,168,289
Sewer utility 20,942,286 6,270,000 2,433,416 24,778,870 2,556,994
Storm water utility 23,825,000 6,810,000 985,000 29,650,000 1,260,000
Total Revenue Bonds 88,033,677 18,728,633 6,359,216 100,403,094 6,985,283
Less deferred amount
on refundings (705,154) - (705,154) - -
Total bonds and notes payable 127,571,299 20,419,633 10,584,241 137,406,691 10,455,509
Other liabilities
Unused vacation and
sick leave credits 593,879 33,111 - 626,990 -
Total business-type activities
long-term obligations $ 128,165,178 $ 20,452,744 $ 10,584,241 $ 138,033,681 $ 10,455,509
Total interest paid during the year on long-term debt totaled $7,100,822.
51
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
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 i Payable Amount I 2012
Refunding bonds: 9/1/2005 3.75-4.125 12/1/06-20 6/1 -12/1 18,335,000 $ 9,870,000
12/28/2006 4.00 12/1/07-14 6/1 -12/1 11,865,000 455,000
8/25/2010 2.00-3.25 12/1/11 - 6/1/24 6/1 - 12/1 12,620,000 10,190,000
8/26/2010 0.75-3.90 12/1/11 -21 6/1 -12/1 8,420,000 7,350,000
3/16/2011 2.00-3.50 12/1/12-22 6/1 -12/1 8,490,000 8,230,000
3/16/2011 2.00-4.70 12/1/12-23 6/1 -12/1 6,350,000 5,910,000
6/28/2012 0.40-3.00 12/1/13-27 6/1 -12/1 5,595,000 5,595,000
Corporate purpose bonds: 3/1/2004 3.00-5.75 12/11/05 -23 6/1 -12/1 6,480,000 4,415,000
2/8/2005 125 -4.50 12/1/06 -24 6/1 -12/1 7395,000 5,280,000
3/1/2006 4.00-4.50 12/1/07-25 6/1 -12/1 9,265,000 7,085,000
3/1/2006 5.15-5.40 12/1/07-25 6/1 -12/1 1,995,000 1,550,000
3/1/2007 4.00-5.00 12/1/08 -26 6/1 -12/1 7,950,000 6,435,000
3/1/2008 4.00-4.75 12/1/09-27 6/1 -12/1 5,105,000 4,340,000
5/1/2009 2.00-5.75 12/1/09-28 6/1 -12/1 16,740,000 14,025,000
9/212010 0.75-5.20 8/1/11-30 2/1 -8/1 9,140,000 8,615,000
11/1/2011 2.00-4.00 6/1/12-31 6/1 -12/1 9,965,000 9,535,000
11/1/2012 2.00-3.00 12/1/13 -31 6/1 -12/1 12,480,000 12,480,000
Promissory notes: 3/1112004 2.00-4.00 12/1/05 - 13 6/1 - 12/1 1,565,000 205,000
2/8/2005 3.00 -3.50 12/1/06 -14 6/1 -12/1 2,540,000 635,000
5/31/2005 5.00 3/15/07-25 3/15 200,000 149,252
3/1/2006 3.65-4.00 12/1/07 -15 6/1 -12/1 2,500,000 940,000
3/1/2007 4.00 12/1/08 -16 6/1 -12/1 3,375,000 1,655,000
3/1/2008 3.25-4.00 12/1/09 -17 6/1 -12/1 1,565,000 940,000
5/1/2009 2.00-4.50 12/1/10 - 18 6/1 -12/1 2,945,000 1,950,000
9/2/2010 0.80-3.55 8/1/11 -20 2/1 -8/1 4,150,000 3,725,000
11/1/2011 2.35 6/1/12-21 6/1 -12/1 2,895,000 2,640,000
11/1/2012 2.00 12/1/13-21 6/1 -12/1 3,660,000 3,660,000
137,859,252
Less amounts related to Enterprise Funds 37,003,597
$ 100,855,655
Annual principal and interest maturities of the outstanding general obligation debt on December 31, 2012
are detailed below:
Year Ended
December 31,
Governmental Activities Business-type Activities Build America
Bonds Credit
Total
Principal I Interest Principal I Interest Principal J Interest
2013 $ 9,048,203 $ 3,494,433 $ 3,470,226 $ 1,422,371 $ (419,507) $ 12,518,429 $ 4,497,297
2014 8,900,926 3,180,877 3,482,929 1,310,495 (402,796) 12,383,855 4,088,576
2015 8,586,898 2,913,985 3,417,395 1,200,754 (382,934) 12,004,293 3,731,805
2016 8,410,993 2,653,400 3,363,748 1,089,908 (360,836) 11,774,741 3,382,472
2017 8,242,882 2,388,156 3,232,363 974,512 (335,931) 11,475,245 3,026,737
2018-2022 34,455,038 7,978,094 13,639,383 3,156,878 (1,257,968) 48,094,421 9,877,004
2023-2027 16,834,835 3,135,310 5,768,440 942,649 (635,951) 22,603,275 3,442,008
2028-2031 6,375,880 550,103 629,113 36,177 (82,645) 7,004,993 503,635
$ 100,855,655 $ 26,294,358 $ 37,003,597 $ 10,133,744 $ (3,878,568) $ 137,859,252 $ 32,549,534
52
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
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 2012
Sewerage System
Revenue Bonds
Water Safe Drinking
Revenue Bond
Sewerage System Revenue
Clean Water
Water Safe Drinking
Revenue Bond
Water Safe Drinking
Revenue Bond
Water utility
Revenue Bonds
Storm Water utility
Revenue Bonds
Water utility
Refunding Bond
Water Safe Drinking
Revenue Bond
Storm Water Revenue
Bond
Water Utility
Refunding Bond
Sewerage System
Revenue Bonds
Sewerage System
Revenue Bonds
Water Utility
Revenue Bonds
Storm Water Utility
Revenue Bonds
Sewerage System
Revenue Bonds
Water utility
Revenue Bonds
1995to1997 3.21 5/01/96-15
1998 2.64 5/01/99-19
1999 2.64 5/01/00-19
2000 2.97 5/01/01 -19
2001 2.75 5/01/02-21
2004 2.396 5/01/05 -24
2005 3.50-4.625 5/01/06 -25
2006 4.0-4.5 1/01/07 -26
2008 2.365 5/01/10-28
2010 0.70-5.20 5/01/11 -30
2010 0.85-5.15 1/01/11-30
2010 0.85-5.15 5/01/11 -30
2011 2.0-4.0 5/01/12-31
2011 2.0-4.0 5/01/12-31
2012 2.375-3.125 5/01/13-32
2012 2.25-3.00 5/01/13 -32
2012 2.0-3.125 1/1/14-32
5/1 & 11/1 $ 17,631,411 $ 2,603,592
5/1 & 11/1 11,913,672 4,415,879
5/1 & 11/1 3,025,930 1,308,930
5/1 & 11/1 13,636,364 5,922,230
5/1 & 11/1 3,483,913 1,802,370
5/1 & 11/1 1,989,231 2,236,348
5/1 & 11/1 4,820,000 3,525,000
1/1 & 7/1 12,705,000 10,270,000
5/1 & 11/1 1,344,824 6,358,745
5/1 & 11/1 20,800,000 19,315,000
1/1 & 7/1 5,740,000 5,265,000
5/1 & 11/1 4,890,000 4,545,000
5/1 & 11/1 8,290,000 7,815,000
1/1 & 7/1 6,510,000 6,510,000
5/1 & 11/1 6,810,000 6,810,000
5/1 & 11/1 6,270,000 6,270,000
1/1 & 7/1 5,430,000 5,430,000
$ 100,403,094
53
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
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
through 2032. The total principal and interest remaining to be paid on the bonds is $126,262,654.
Principal and interest paid for the current year and total customer net revenues were $9,181,879 and
$15,297,807, respectively.
Annual principal and interest maturities of the outstanding revenue bonds on December 31, 2012 are
detailed below:
Year Ended
December 31,
Business-type Activities I Total Principal Interest
Build America I Bonds Credit
2013 $ 6,985,283 $ 3,191,554 $ (401,030) $ 9,775,807
2014 7,398,797 3,062,899 (394,486) 10,067,210
2015 6,255,541 2,879,709 (386,207) 8,749,043
2016 6,406,381 2,707,452 (376,171) 8,737,662
2017 6,594,012 2,524,539 (364,331) 8,754,220
2018-2022 28,628,096 9,735,692 (1,570,095) 36,793,693
2023-2027 23,069,148 5,247,859 (975,734) 27,341,273
2028-2032 15,065,836 1,160,295 (182,385) 16,043.746
$ 100,403,094 $ 30,509,999 $ (4,650,439) $ 126,262,654
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, 2012 is as
follows:
Equalized valuation $ 3,762,601,100
Margin of indebtedness:
5% of equalized valuation $ 188,130,055
Less outstanding general obligation debt $ 137,859,252
Deduct Debt Service Funds available for debt retirement 1,598,474 136,260,778
Margin of indebtedness $ 51,869,277
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.
54
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Advanced Refunded Debt
During 2012, the City advance refunded portions of outstanding general obligation bond issues. The City
issued $5,595,000 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 $873,417 and to obtain an economic gain (difference between the present value of the debt
service payments of the refunded and refunding bonds) of $862,929.
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 12/31/12
Taxable redevelopment
lease revenue bonds 6/20/2006 6.25% 6/20/2031 $ 6,360,000 $ 6,360,000
Annual principal maturities of the outstanding debt on December 31, 2012 are detailed below:
Year Ending
December 31,
2013-2025
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, 2012, there were two series of Wisconsin Redevelopment Revenue Bonds
outstanding with an aggregate principal amount payable of $6,105,000.
55
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
7. lnterfund Balances and Activity
Interfund receivables and payables at December 31, 2012 were as follows:
Due From Due to
('thr Pi rnr1 flfhr Pi inr4c
I I
General fund
Special assessment improvement capital projects
Nonmajor Governmental Funds
Special revenue funds
Capital projects funds
Permanent fund
Total governmental activities
Water utility fund
Sewer utility fund
Storm water utility
Nonmajor Enterprise Funds
Total business-type activities
Totals
$ 1,608,829 $ 450,246
- 6,611,049
106,220 298,988
12,333,635 672,071
- 106,220
14,048,684 8,138,574
1,406,356 982,388
542,241 1,541,661
174,437 3,178,519
- 2,330,576
2,123,034 8,033,144
$ 16,171,718 $ 16,171,718
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:
Transfer to
Governmental Activities Business-type
Transfers from General I N Activities Total
Governmental activities:
General fund $ - $ 25,000 $ - $ 25,000
Debt service fund 8,301,302 - - 8,301 302
Nonmajor governmental funds 77,720 1,903,917 12,041 1,993,678
Water utility enterprise fund 1,000,000 - - 1,000,000
Nonmajor enterprise funds 349,850 - - 349,850
Total transfers to: $ 9,728,872 $ 1,928,917 $ 12.041 $ 11.6697830
General (including Teachers)
Executives & Elected Officials
Protective with Social Security
Protective without Social Security
Employee Employer
5.9% 5.9%
7.05% 7.05%
5.9% 9.0%
5.9% 11.3%
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE D - OTHER INFORMATION
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 employees, initially employed
by a participating WRS employer prior to July 1, 2011, expected to work at least 600 hours a year (440
hours for teachers and school district educational support employees) and expected to be employed for at
least one year from employee's date of hire are eligible to participate in the WRS. All employees, initially
employed by a participating WRS employer on or after July 1, 2011, and expected to work at least 1200
hours a year (880 hours for teachers and school district educational support employees) and expected to
be employed for at least one year from employee's date of hire are eligible to participate in the WRS.
Employees hired to work nine or ten months per year, (e.g. teachers contracts), but expected to return
year after year are considered to have met the one-year requirement.
Effective the first day of the first pay period on or after June 29, 2011 the employee required contribution
was changed to one-half of the actuarially determined contribution rate for General category employees,
including Teachers, and Executives and Elected Officials. Required contributions for protective
employees are the same rate as general employees. Employers are required to contribute the remainder
of the actuarially determined contribution rate. The employer may not pay the employee required
contribution unless provided for by an existing collective bargaining agreement. Contribution rates are as
follows:
2012
The payroll for City employees covered by the WRS for the year ended December 31, 2012 was $32.1
million; the employer's total payroll was $33.5 million. The total required contribution for the year ended
December 31, 2012 was $4.8 million, which consisted of $2.9 million, or 9.2% of covered payroll from the
employer and $1.9 million or 5.9% of covered payroll from employees. Total contributions for the years
ending December 31, 2011 and 2010 were $4.8 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 is 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 and on or after April 24, 1998 and prior to July 1, 2011 are
immediately vested. Participants who initially became WRS eligible on or after July 1, 2011 must have
five years of creditable service to be 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.
57
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE 0- OTHER INFORMATION (Continued)
2.Unfunded Pension Liability
The City's unfunded pension liability of $10.2 million on December 31, 2012 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.
3.Other Post Retirement Benefits
a. Police-Fire Pension Fund
The Citycurrently provides contributions to the Wisconsin F.etirement 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 2012 was
approximately $79,500. The total estimated future cost to the City of this plan as of December 31,
2012 is not determinable.
L_ 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 548 active and 62 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.
Component I Amount
Annual required contribution $ 1,209,598
Interest on net OPEB 91,353
Adjustment to annual required contribution (150,834)
Annual OPEB cost (expense) 1,150,117
Contributions made (470,728)
Change in net OPEB obligation 679,389
OPEB obligation - January 1 3,045,113
OPEB obligation - December 31 $ 3,724,502
The annual required contribution for the current year was determined as part of the December 31,
2012 actuarial valuation using the unit credit actuarial cost method. The actuarial assumptions
rI dc.A (,,\ flO/.. ,,-,'., ,r,+ r+ ,r,rl (k\ r,1,,rlir'I frnd r,fiI rf f Q 0L -4 'al 'a ul ti ma t e
I QL Ot
4.7%.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE D - OTHER INFORMATION (Continued)
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, 2012 is 30 years, and the remaining amount is $11,550,920.
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 2012 is as follows:
Percentage
Annual of Annual
Year OPEB OPEB Cost Net OPEB
Ended Cost Contributed Obligation
12/31/2008 $ 989,777
12/31/2009 989,777
12/31/2010 1,214,226
12/31/2011 1,261,615
12/31/2012 1,150,117
23.07% $ 761,466
26.17% 1,492,192
34.21% 2,291,041
40.23% 3,045,113
40.93% 3,724,502
Funded Status and Funding Progress - As of December 31, 2012, the most recent actuarial valuation
date, the City's unfunded actuarial accrued liability (UAAL) was $11,550,920.
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:
Valuation date
Actuarial cost method
Amortization method
Remaining amortization period
Actuarial assumptions -
Investment rate of return
Medical trend rate
December 31, 2012
Unit Credit
Level
30 years
3.0%
initial - 8.5%
ultimate - 4.7%
59
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2012
NOTE D - OTHER INFORMATION (Continued)
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.
5 Contincencies
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 $566,262 at
December 31, 2012 and is reported as the net position balance of the Internal Service Fund. The claims
liability of $800,000, reported in the Fund at December 31, 2012, 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 2012 were:
Current Year
Beginning Claims and Balance at
Year of Fiscal Changes in Claim Fiscal
Ended Year Liability Estimates Payments Year End
12/31/2012 $800,000 $10,665,549 $10,665,549 $800,000
12/31/2011 $800,000 $9,681,021 $9,681,021 $800,000
Su bonn, ,csn+ even.+€
On June 27, 2013,
the City issued $15220000 of storm water utility revenue bonds with principal
amounts due annually through I Interest SL I UI I the iue I I iy f[Or n 0.V_/0 Lu . I
8. Cumulative Effect of Change in Accounting Principle
The City has adopted GASB Statement No. 65, Items Previously Reported as Assets and Liabilities,
which requires debt issuance costs to be expensed in the period incurred, rather than recorded as assets
and amortized over the life of the related debt issue. Financial statements for the year ended
December 31, 2011 have not been restated. The cumulative effect of this change was to decrease the
December 31, 2012 net position of the net position of the business-type activities and proprietary funds by
$705,154.
CITY OF OSHKOSH, WISCONSIN
Schedule of Other Post Employment Benefit Plan Information
December 31, 2012
Schedule of Funding Progress
(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)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
2012 - 11,550,920 0.00% 11,550,920 N/A N/A
Schedule of Employer Contributions
Year Ended Annual Required Contribution I I December 31, Employer Contributions (ARC) Percentage Contributed
2008 $ 228,311 $ 989,777 23.1%
2009 259,051 989,777 26.2%
2010 415,377 1,237,513 33.6%
2011 507,543 1,291,276 39.3%
2012 470,728 1,209,598 38.9%
The City implemented GASB Statement No. 45 for the fiscal year beginning January 1, 2008. Information for
prior years is not available.
61
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2012
Total
Special Capital Nonmajor
Revenue Projects Permanent Governmental
Funds Funds Fund Funds
$ 3,269,233 $ 28,209,200 $ 7,808,263 $ 39,286,696
5,261,900 9,274,279 - 14,536,179
351,477 691,054 - 1,042,531
3,732,067 - - 3,732,067
106,220 12,333,635 - 12,439,855
6,915 - - 6,915
$ 12,727,812 $ 50,508,168 $ 7,808,263 $ 71,044,243
$ 409,270 $ 4,325,973 $ - $ 4,735,243
70,000 26,000 - 96,000
10,000 141,344 - 151,344
298,988 672,071 106,220 1,077,279
3,640,698 - - 3,640,698
4,428,956 5,165,388 106,220 9,700,564
5,261,900 9,274,279 - 14,536,179
- 9,023,957 - 9,023,957
- 2,244,850 - 2,244,850
- 15,864,698 - 15,864,698
2,954,583 - - 2,954,583
- - 7,702,043 7,702,043
199,313 - - 199,313
- 9,450,113 - 9,450,113
(116,940) (515,117) - (632,057)
3,036,956 36,068,501 7,702,043 46,807,500
$ 12,727,812 $ 50,508,168 $ 7,808,263 $ 71,044,243
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Loans
Due from other funds
Due from other governments
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Due to other governments
Total Liabilities
Deferred Inflows of Resources
Property Taxes
Fund Balances
Nonspendable
Receivables from other funds
Restricted for
Retirement of long-term
debt
Construction of assets
Special purposes
Trust agreements
Committed to
Special purposes
Assigned to
Construction of assets
Unassigned
Total Fund Balances
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2012
Committee Business
on Improvement Street
Aging District Recycling Lighting Library Museum Cemetery
$ 122,331 $ 93,863 $ 912,049 $ 189,523 $ 475,515 $ 665,815 $ -
291,800 - 404,700 1,057,500 2,302,200 848,600 274,800
264 - 1,854 - 4,721 2,147 -
- - - - 8,843 97,377 -
$ 414,395 $ 93,863 $ 1,318,603 $ 1,247,023 $ 2,791,279 $ 1,613,939 $ 274,800
$ 441 $ 13,184 $ 2,483 $ 94,560 $ 141,323 $ 7,351 $ 6,638
- - - - - - 22,066
441 13,184 2,483 94,560 141,323 7,351 28,704
291,800 - 404,700 1,057,500 2,302,200 848,600 274,800
122,154 80,679 911,420 - 347,756 757,988
- - - 94,963 - - -
- - - - - - (28,704)
122,154 80,679 911,420 94,963 347,756 757,988 (28,704)
$ 414,395 $ 93,863 $ 1318603 $ 1,247,023 $ 2,791,279 $ 1,613,939 $ 274,800
Continued)
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Loans
Due from other funds
Due from other governments
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Due to other governments
Total Liabilities
Deferred Inflows of Resources
Property taxes
Fund Balances
Restricted for
Special purposes
Committed to
Special purposes
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
63
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Loans
Due from other funds
Due from other governments
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Due to other governments
Total Liabilities
Deferred Inflows of Resources
Property taxes
Fund Balances
Restricted for
Special purposes
Committed to
Special purposes
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2012
Rental
Community Rehabilitation Senior State
Development Loan Center Health Police Fire!
Block Grant Program Revolving Grants Bicycle Special Safety
$ - $ 92,460 $ 52,143 $ 26,251 $ 16,554 $ 28,765 $ 329,923
266,156 - 909 - - - 239
3,640,698 91,369 - - - - -
$ 3,906,854 $ 183,829 $ 53,052 $ 26,251 $ 16,554 $ 28,765 $ 330,162
$ 81,223 $ 45 $ 7,170 $ 26,251 $ - $ 856 $ 764
- 70,000 - - - - -
222,397 - - - - - -
3,640,698 - - - - - -
3,944,318 70,045 7,170 26,251 - 856 764
- 113,784 - - - 27,909 329,398
- - 45,882 - 16,554 - -
(37,464) - - - - - -
(37,464) 113,784 45,882 - 16,554 27,909 329,398
$ 3,906,854 $ 183,829 $ 53,052 $ 26,251 $ 16,554 $ 28,765 $ 330,162
(Continued)
64
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2012
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Loans
Due from other funds
Due from other governments
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Due to other governments
Total Liabiiities
Deferred Inflows of Resources
Property taxes
Fund Balances
Restricted for
Special purposes
Committed to
Special purposes
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
Cable TV EMS Community Parks
Project Police Asset Franchise Fire Historical Develop Revenue
D.A.R.E. Forfeiture Escrow Grant Marker Special Facilities
$ 3 $ 17,957 $ 42,916 $ 19,561 $ 21,994 $ 21,694 $ 119,096
- - - - - 2,577 72,610
3 $ 17,957 $ 42,916 $ 19,561 $ 21,994 $ 24,271 $ 191,706
$ - $ 3,319 $ - $ - $ - $ 4,226 $ 4,452
- - 10,000 - - - -
- 3,319 10,000 - - 4,226 4,452
3 14,638 - 19,561 21,994 20,045 187,254
- - 32,916 - - - -
3 14,638 32,916 19,561 21,994 20,045 187,254
3 $ 17,957 $ 42,916 $ 19,561 $ 21,994 $ 24,271 $ 191,706
(Continued)
65
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2012
Total
Community Nonmajor
Public Pollock Traffic Healthy Special
Leach Works Water Safety Neighborhood Revenue
Amphitheater Special Park Grant Initiative Funds
$ 650 $ - $ 16,262 $ - $ 3,908 $ 3,269,233
15,000 - 67,300 - - 5,261,900
- - - - - 351,477
- - - - - 3,732,067
- - - - - 106,220
- - - 6.915 - 6,915
$ 15,650 $ - $ 83,562 $ 6,915 $ 3,908 $12,727,812
$ 3,812 $ - $ 11,172 $ - $ - $ 409,270
- - - - - 70,000
- - - - - 10,000
39,539 8,071 - 6,915 - 298,988
- - - - - 3,640,698
43,351 8,071 11,172 6,915 - 4,428,956
15,000 - 67,300 - - 5,261,900
- - - - - 2,954,583
- - 5,090 - 3,908 199,313
(42,701) (8,071) - - - (116,940)
(42,701) (8,071) 5,090 - 3,908 3,036,956
$ 15,650 $ - $ 83,562 $ 6,915 $ 3,908 $ 12,727,812
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Loans
Due from other funds
Due from other governments
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Due to other governments
Total Liabilities
Deferred Inflows of Resources
Property taxes
Fund Balances
Restricted for
Special purposes
Committed to
Special purposes
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
Me
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2012
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUN[) BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Total Liabilities
Deferred Inflows of Resources
Property taxes
Fund Balances
Nonspendable
Receivables frorn other funds
Restricted for
Retirement of long-term debt
Construction of assets
Assigned to
Construction of assets
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
Advance
Payments
Sidewalk Street Street Special Contract
Construction Improvement Tree Assessment Control Equipment
$ 531,308 $ 3,192,087 $ - $ 136,844 $ - $ 5,087,367
- - - - - 1,117,800
- - - - 552,866 -
- - - - 3,309,678 -
$ 531,308 $ 3,192,087 $ - $ 136,844 $ 3,862,544 $ 6,205,167
$ - $ 1,587 $ - $ - $ 3,352,301 $ 476,710
- 3,500 - 136,844 - -
- - 2,022 - 125,798 -
- 5,087 2,022 136,844 3,478,099 476,710
- - - - - 1,117,800
531,308 3,187,000 - - 384,445 4,610,657
- - (2,022) - - -
531,308 3,187,000 (2,022) - 384,445 4,610,657
$ 531,308 $ 3,192,087 $ - $ 136,844 $ 3,862,544 $ 6,205,167
(Continued)
MA
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Total Liabilities
Deferred Inflows of Resources
Property taxes
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, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2012
Park Mct
Improvement Park Rochlin Golf Course Grand City Hall
and Subdivision Park Equipment Senior Opera Complex
Acquisition Improvement Smokestack Improvement Center House Improvements
$ 202,134 $ 320,540 $ 2,000 $ 3,275 $ 143,544 $ - $ 76,313
- - - - - 66,200 -
$ 202,134 $ 320 ,540 $ 2,000 $ 3,275 $ 143,544 $ 66,200 $ 76,313
$ 7,572 $ - $ - $ - $ 3,531 $ 355 $ -
- - - - - 9,404 -
7,572 - - - 3,531 9,759 -
- - - - - 66.200 -
194,562 320,540 2,000 3,275 140,013 - 76,313
- - - - - (9,759) -
194,562 320,540 2,000 3,275 140,013 (9,759) 76,313
$
202 ,134 $ 320,540 $ 2 ,000 $ 3,275 $ 143,544 $ 66,200 $ 76,313
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2012
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Total Liabilities
Deferred Inflows of Resources
Property taxes
Fund Balanc€s
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, DEFERRED INFLOWS
OF RESOURCES 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
$ 944,016 $ 3,082,743 $ 2,861,517 $ 2,490,666 $ 812 $ - $ 495,537
212,972 3,833,571 588,246 811,478 12,347 7,415 104,012
- 67,605 - - - 4,000 -
- 9,023,957 - - - - -
$ 1,156,988 $ 16,007,876 $ 3,449,763 $ 3,302,144 $ 13,159 $ 11,415 $ 599,549
$ - $ 25,349$ - $ - $ - $ - $ -
- - - - - 1,816 - -
- 25,349 - - - 1,816 -
212,972 3,833,571 588,246 811,478 12,347 7,415 104,012
- 9,023,957 - - - - -
944,016 3,124,999 2,861,517 2,490,666 812 2,184 495,537
944,016 12,148,956 2,861,517 2,490,666 812 2,184 495,537
$ 1,156,988 $ 16,007,876 $ 3,449,763 $ 3,302,144 $ 13,159 1; 11,415 $ 599,549
(Continued)
M.
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Total Liabilities
Deferred Inflows of Resources
Property taxes
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, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2012
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
$ 547,125 $ 506,247 $ 1,497,630 $ 1,699,092 $ 2,664,060 $ 868,171 $ 219,279
286,079 629,639 190,582 116,918 302,826 406,369 214,448
- 7,047 - 25,000 - - -
$ 833,204 $ 1,142,933 $ 1,688,212 $ 1,841,010 $ 2,966,886 $ 1,274,540 $ 433,727
$ - $ - $ 1,003 $ - $ 394,901 $ 15,973 $ -
26,000 - - - - - -
1,000 - - - - - -
27,000 - 1,003 - 394,901 15,973 -
286,079 629,639 190,582 116,918 302,826 406,369 214,448
- 513,294 - 1,724,092 - - -
520,125 - 1,496,627 - 2,269,159 852,198 219,279
520,125 513,294 1,496,627 1,724,092 2,269,159 852,198 219,279
$ 833.204 $ 1.142.933 $ 1.688.212 $ 1.841.010 $ 2.966.886 $ 1.274.540 $ 433.727
(Continued)
70
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2012
Total
TIE #25 Nonmajor
TIE #20 TIE #21 TIE #23 TIF #24 City TIE #26 Capital
South Side Fox River SW Industrial Oshkosh Center Aviation Projects
Fox River Corridor Park Corp, Hotel Business Park Funds
$ 629,429 $ - $ - $ 7,464 $ - $ - $ 28,209,200
- 164,880 - 208,497 - - 9,274,279
- - - - 34,536 - 691,054
- - - - - - 12,333,635
$ 629,429 $ 164,880 $ - $ 215,961 $ 34,536 $ - $ 50,508,168
$ 41,850 $ 974 $ - $ - $ 3,313 $ 554 $ 4,325,973
- - - - - - 26,000
- - - - - - 141,344
- 215,475 41,848 - 252,727 22,981 672,071
41,850 216,449 41,848 - 256,040 23,535 5,165,388
- 164,880 - 208,497 - - 9,274,279
- - - - - - 9,023,957
- - - 7,464 - - 2,244,850
587,579 - - - - - 15,864,698
- - - - - - 9,450,113
- (216,449) (41,848) - (221,504) (23,535) (515,117)
587,579 (216,449) (41,848) 7,464 (221,504) (23,535) 36,068,501
$ 629,429 $ 164,880 $ - $ 2151 $ 34,536 $ - $ 50,508,168
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Total Liabilities
Deferred Inflows of Resources
Property taxes
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, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
71
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended December 31, 2012
Total
Special Capital Nonmajor
Revenue Project Permanent Governmental
Funds Funds Fund Funds
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
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
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances - January 1
Fund Balances - December 31
$ 5,523,400 $ 7,676,615 $ - $ 13,200,015
134,058 - - 134,058
1,694,743 1,041,493 - 2,736,236
10,280 - - 10,280
1,413,725 2,596 - 1,416,321
1,214,920 1,449,845 231,434 2,896,199
9,991,126 10,170,549 231,434 20,393,109
383,277 - - 383,277
2,050,449 15,104 - 2,065,553
1,094,576 - - 1,094,576
5,606,305 89,423 - 5,695,728
1,270,515 736,266 - 2,006,781
- 2,339,143 - 2,339,143
- 1,213,599 - 1,213,599
623,340 13,099,658 39,521 13,762,519
11,028,462 17,493,193 39,521 28,561,176
(1,037,336) (7,322,644) 191,913 (8,168,067)
- 15,875,879 - 15,875,879
131,227 1,797,690 - 1,928,917
(78,304) (1,809,731) (105,643) (1,993,678)
52,923 15,863,838 (105,643) 15,811,118
(984,413) 8,541,194 86,270 7,643,051
4,021,369 27,527,307 7,615,773 39,164,449
$ 3,036,956 $ 36,068,501 $ 7,702,043 $ 46,807,500
72
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2012
Committee Business
on Improvement Street
Aging District Recycling Lighting Library Museum Cemetery Health
$ 297,300 $ - $ 404,700 $ 1,013,000 $ 2,384,200 $ 836,400 $ 276,200 $ 240,200
- 134,058 - - - -• - -
57,040 - 238,112 - 36,342 - -
- - - - - 9,806
142 - - 2,229 991,723 -. - 550
136,946 25,601 378,811 - 8,792 118,459 91,927 128
491,428 159,659 1,021,623 1,015,229 3,421,057 954,859 368,127 250,684
- - 884,627 1,165,822 - -. - -
- - - - - -. 396,831 263,458
476,340 - - - 3,409,544 1,130,211 - -
- 184,664 - - - -. - -
- - 228,677 - - -. - -
476,340 184,664 1,113,304 1,165,822 3,409,544 1,130,211 396,831 263,458
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 15,088 (25,005) (91,681) (150,593) 11,513 (175,352) (28,704) (12,774)
Other Financing Sources (Uses)
Transfers in - - - - 97,377 - -
Transfers out - - - - - - - (5,247)
Total Other Financing Sources (Uses) - - - - - 97,377 - (5,247)
Net Change in Fund Balances 15,088 (25,005) (91,681) (150,593) 11,513 (77,975) (28,704) (18,021)
Fund Balances (Deficit)- January 1 107,066 105,684 1,003,101 245,556 336,243 835,963 - 18,021
Fund Balances (Deficit)- December 3l $ 122.154 $ 80.679 $ 911.420 $ 94,963 $ 347.756 $ 757,988 $ (28,704) $ -
(Continued)
73
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2012
Rental
Community Rehabilitation Senior State
Development Loan Center EECBG Health Police Fire/
Block Grant Program Revolving Grants Grants Bicycle Special Safety
997,075 61,550 48,314 54,605 120,570
- - - - - 474 - -
1,400 - - - - - - 2,034
191,471 486 41,387 10,768 - - 18,105 2,245
1,189,946 486 41,387 72,318 48,314 474 72,710 124,849
- - - - - - 108,214 248,064
62,958 371,329 -
1,018,804 549 - - - -
208,606 - - 68,031 - - - -
1,227,410 549 62,958 68,031 371,329 - 108,214 248,064
(37,464) (63) (21,571) 4,287 (323,015) 474 (35,504) (123,215)
- - - - 584 - - -
- - - - 584 - - -
(37,464) (63) (21,571) 4,287 (322,431) 474 (35,504) (123,215)
- 113,847 67,453 (4,287) 322,431 16,080 63,413 452,613
$ (37,464) $ 113,784 $ 45,882 $ - - $ 16,554 $ 27,909 $ 329,398
(Continued)
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
74
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2012
Police Cable TV EMS Community Parks
Project Asset Franchise Fire Historical Develop Revenue Leach
D.A.RE. Forfeiture Escrow Grant Marker Special Facilities Amphitheather
13,599 60,621
- - 185,755 38,241
- 3,425 40 - 5,000 - 81,345 14,126
- 3,425 40 13,599 5,000 60,621 267,100 52,367
- 8,811 40 11,233 - - - -
3,006 179,030 64,355
- - - - 45,406 - -
- - - - - 118,026 -
- 8,811 40 11,233 3,006 45,406 297,056 64,355
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 - (5,386) 2,366 1,994 15,215 (29,956) (11,988)
Other Financing Sources (Uses)
Transfers in - - - - - - 8,266
Transfers out - - (73,057) - - - -
Total Other Financing Sources (Uses) - - (73,057) - - - - 8,266
Net Change in Fund Balances - (5,386) (73,057) 2,366 1,994 15,215 (29,956) (3,722)
Fund Balances (Deficit) - January 1 3 20,024 105,973 17,195 20,000 4,8:30 217,210 (38,97
Fund Balances (Deficit)- December , 31 3 $ 14 ,638 $ 32,916 $ 19561 $ 21 ,994 $ 20 ,045 $ 187,254 $ (42,Qfl
(Continued)
75
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2012
Total
Community Nonmajor
Public Pollock Traffic Healthy Special
Works Water Safety Neighborhood Revenue
Special Park Grant Initiative Funds
$ - $ 71,400 $ - $ - $ 5,523,400
- - - - 134,058
- - 6,915 - 1,694,743
- - - - 10,280
- 191,651 - - 1,413,725
- 85,858 - - 1,214,920
- 348,909 6,915 - 9,991,126
- - 6,915 - 383,277
- - - - 2,050,449
- - - - 1,094,576
- 343,819 - - 5,606,305
- - - 21,092 1,270,515
- - - - 623,340
- 343,819 6,915 21,092 11,028,462
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 - 5,090 - (21,092) (1,037,336)
Other Financing Sources (Uses)
Transfers in - - - 25,000 131,227
Transfers out - - - - (78,304)
Total Other Financing Sources (Uses) - - - 25,000 52,923
Net Change in Fund Balances - 5,090 - 3,908 (984,413)
Fund Balances (Deficit) - January 1 (8,071) - - - 4,021,369
Fund Balances (Deficit) - December 31 $ (8,071) $ 5,090 $ - 3,908 $ 3.036.956
76
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2012
Park
Improvement
Sidewalk Street Street Contract and
Construction Improvement Tree Control Equipment Acquisition
- - - - 2,596
2,670 - 4,662 384,031 7,523 13,481
2,670 - 4,662 384,031 10,119 13,481
- 15,104 - - - -
- - 7,648 - - -
46,193 2,929,975 - - 4,758,267 178,760
46,193 2,945,079 7,648 - 4,758,267 178,760
(43,523) (2,945,079) (2,986) 384,031 (4,748,148) (165,279)
150,000 4,120,936 - - 6,093,088 195,000
150,000 4,120,936 - 6,093,088 195 ,0 00
106,477 1,175,857 (2,986) 384,031 1,344,940 29,721
424,831 2,011,143 964 414 3,265,717
$
531 ,308 $
164,841
3,187,000 $ (2,022) L __384,445 $ 4,610,657 $ 194,562
(Continued)
Revenues
Taxes
Intergovernmental
Public charges for services
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 Reverues Over (Under) Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Transfer in
Transfer out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
77
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2012
Mct
Park Rochlin Golf Course Grand City Hall
Subdivision Park Equipment Senior Opera Complex
Improvement Smokestack Improvement Center House Improvements
$ - $ - $ - $ - $ 66,200 $ -
2,660 10,295 76,313
2,660 - - - 76,495 76,313
- - - 5,316 76,459 -
- - - 32,479 - -
- - - 37,795 76,459 -
2,660 - - (37,795) 36 76,313
2,660 - - (37,795) 36 76,313
317,880 2,000 3,275 177,808 (9,795) -
$ 320,540 $ 2,000 $ 3,275 $ 140,013 $ (9.759) $ 76,313
(Continued)
Revenues
Taxes
Intergovernmental
Public charges for services
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
Transfer in
Transfer out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
78
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2012
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
$ 206,636 $ 3,723,497 $ 596,475 $ 626,146 $ 11,884 $ 7,140 $ 101,140
681 120,826 28,630 2,186 306 397 318
- - - - - 4,000 -
207,317 3,844,323 625,105 628 1 332 12,190 11,537 101,458
150 150 150 150 150 150 1,448
19,000 146,264 59,725 - - 10,000 27,244
1,060 7,650 19,748 - - 1,322 9,189
20,210 154,064 79,623 150 150 11,472 37,881
187,107 3,690,259 545,482 628,182 12,040 65 63,577
- (1,797,690) - - (12,041) - -
- (1,797,690) - - (12,041) - - -
187,107 1,892,569 545,482 628,182 (1) 65 63,577
756,909 10,256,387 2,316,035 1,862,484 813 2,119 431,960
$ 944.016 $ 12.148,956 $ 2,861,517 $ 2,490.666 $ 812 $ 2,184 $ 495,537
(Continued)
Revenues
Taxes
Intergovernmental
Public charges for services
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
Transfer in
Transfer out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
79
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2012
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
$ 284,710 $ 608,927 $ 194,342 $ 113,481 $ 255,912 $ 374,670 $ 207,608
1,192 37 34,643 37 415,131 2,369 2,566
24,002 - - - - - -
309,904 608,964 228,985 113,518 671,043 377,039 210,174
23,869 385,876 3,297 1,663 96,974 55,650 6,962
887,740 58,872 30,000 165,254 151,274 367,082 87,241
446,646 45,263 17,808 63,403 113,797 152,726 50,266
4,675 - 149,415 - 3,089,326 - -
1,362,930 490,011 200,520 230,320 3,451,371 575,458 144,469
(1,053,026) 118,953 28,465 (116,802) (2,780,328) (198,419) 65,705
- - - - 2,601,123 - -
1,147,690 - - 650,000 - - -
1,147,690 - - 650,000 2,601.123 - -
94,664 118,953 28,465 533,198 (179,205) (198,419) 65,705
425,461 394,341 1,468,162 1,190,894 2,448,364 1,050,617 153,574
$ 520.125 $ 513,294 $ 1,496,627 $ 1,724.092 $ 2,269.159 $ 852.198 $ 219,279
(Continued)
Revenues
Taxes
Intergovernmental
Public charges for services
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
Transfer in
Transfer out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2012
Total
TIE #25 Nonmajor
TIE #20 TIF #21 TIE #23 TIF #24 City TIE #26 Capital
South Side Fox River SW Industrial Oshkosh Center Aviation Projects
Fox River Corridor Park Corp. Hotel Business Park Funds
$ - $ 121,822 $ - $ 176,025 $ - $ - $ 7,676,615
272,676 150,221 - 9,277 - - 1,041,493
- - - - - - 2,596
- 920,208 - - - - 1,449,845
272,676 1,192,251 - 185,302 - - 10,170,549
- - - -, - - 15,104
- - - - - - 89,423
51,269 40,066 2,532 1,963 40,262 23,535 736,266
254,447 75,000 - - - - 2,339,143
211,522 73,199 - - - - 1,213,599
1,352,760 234,572 5,000 168,371 149,865 - 13,099,658
1,869,998 422,837 7,532 170,334 190,127 23,535 17,493,193
(1,597,322) 769,414 (7,532) 14 1 968 (190,127) (23,535) (7,322,644)
2,715,732 - - - - - 15,875,879
- - - - - - 1,797,690
- - - - - - (1,809,731)
2,715,732 - - - - - 15,863,838
1,118,410 769,414 (7,532) 14,968 (190,127) (23,535) 8,541,194
(530,831) (985,863) (34,316) (7,504) (31,377) - 27,527,307
$ 587 ,579 $ (216449) $ (41,848) $ 7,464 $ (221,504) $ (23,535) $ 36,068,501
Revenues
Taxes
Intergovernmental
Public charges for services
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
Transfer in
Transfer out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
81
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Net Position
Nonmajor Other Proprietary Funds
December 31, 2012
Total
Oshkosh Nonmajor
Parking Redevelopment Industrial Golf Enterprise
Utility Project Park Course Funds
ASSETS
Current Assets
Cash and investments
Receivables
Accounts
Property held for resale
Total Current Assets
Noncurrent Assets
Capital Assets
Land and construction in progress
Other capital assets, net of accumulated
depreciation
Total Capital Assets, Net
TOTAL ASSETS
LIABILITIES
Current Liabilities
Accounts payable
Accrued expenses
Deposits
Due to other funds
Current portion of long-term obligations
Total Current Liabilities
Noncurrent Liabilities
Employee benefits
Long-term debt
Total Noncurrent Liabilities
TOTAL LIABILITIES
NET POSITION
Net investment in capital assets
Unrestricted (deficit)
TOTAL NET POSITION
63,186 $ - $ - $ 800 $ 63,986
1,189 112,258 259,675 12,880 386,002
- - 6,711,609 - 6,711,609
64,375 112,258 6,971,284 13,680 7,161,597
1,851,549 3,217,183 - 826,541 5,895,273
1,017,405 6,006,240 - 433,705 7,457,350
2,868,954 9,223,423 - 1,260,246 13,352,623
2,933,329 9,335,681 6,971,284 1,273,926 20,514,220
4,482 137,728 196 3,358 145,764
447 3,757 18,573 78 22,855
- 5,000 - - 5,000
161,389 208,317 1,209,599 751,271 2,330,576
48,667 175,000 335,000 5,162 563,829
214,985 529,802 1,563,368 759,869 3,068,024
1,697 - - 34,548 36,245
80,222 1,380,000 2,540,000 19,109 4,019,331
81,919 1,380,000 2,540,000 53,657 4,055,576
296,904 1,909,802 4,103,368 813,526 7,123,600
2,740,065 7,668,423 - 1,235,975 11,644,463
(103,640) (242,544) 2,867,916 (775,575) 1,746,157
$ 2,636,425 $ 7,425,879 $ 2,867,916 $ 460,400 $ 13,390,620
FIR
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenses and Changes in Net Position
Nonmajor Other Proprietary Funds
For the Year Ended December 31, 2012
Total
Oshkosh Nonmajor
Parking Redevelopment Industrial Golf Enterprise
Utility Project Park Course Funds
Operating Revenues
Taxes
Fines, forfeitures and penalties
Public charges for services
Other revenues
Total Operating Revenues
Operating Expenses
Operating and maintenance
Depreciation and amortization
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses)
$ - $ 1,193,480 $ - $ $ 1,193,480
32,173 - - - 32,173
101,545 - - 524,429 625,974
- 11,232 38,625 2,296 52,153
133,718 1,204,712 38,625 526,725 1,903,780
103,937 953,370 2,364 557,500 1,617,171
78,231 105,598 - 31,677 215,506
182,168 1,058,968 2,364 589,177 1,832.677
(48,450) 145,744 36,261 (62,452) 71,103
Interest on investments - 2,087 - - 2,087
Gain (loss) on disposal of capital assets - - - 42,496 42,496
Interest and fiscal charges (5,660) (43,795) (105,926) (1,107) (156,488)
Total Nonoperating Revenues (Expenses) (5,660) (41,708) (105,926) 41,389 (111,905)
Income (loss) before transfers and
contributed capital
Transfers in
Transfers out
Contributed capital
Change in Net Position
Cumulative Effect of Change in
Accounting Principle
(54,110) 104,036 (69,665) (21,063) (40,802)
12,041 - - - 12,041
- (349,850) - - (349,850)
88,255 - - - 88,255
46,186 (245,814) (69,665) (21,063) (290,356)
(2,256) - - - (2,256)
Net Position -January 1 2,592,495 7,671,693 2,937,581 481,463 13,683,232
Net Position - December 31 $ 2,636,425 $ 7,425,879 $ 2,867,916 $ 460,400 $ 13,390,620
M.
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Cash Flows
Nonmajor Other Proprietary Funds
For the Year Ended December 31, 2012
Cash Flows from Operating Activities
Cash received from customers
Cash payments to suppliers and employees
Net Cash Provided (Used) by Operating Activities
Cash Flows from Non-Capital Financing Activities
Transfer from other funds
Transfer to other funds
Net Cash Provided by Non-Capital Financing Activities
Cash Flows from Capital and Related Financing
Activities
Acquisition of capital assets
Principal payments on long-term debt
Interest payments on long-term debt
Proceeds from long-term debt
Proceeds from sale of assets
Due from other funds
Net Cash Provided (Used) by Capital and Related
Financing Activities
Cash Flows from Investing Activities
Investment income received
Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents - January 1
Cash and Cash Equivalents - December 31
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
Operating income (loss)
Adjustments to reconcile operating income to
net cash provided (used) by operating activities:
Depreciation
Changes in assets and liabilities
Accounts receivable
Accounts payable and accrued expenses
Due to other funds
Employee benefits
Net Cash Provided (Used) by Operating Activities
Noncash activities
Contributed capital assets
Oshkosh
Parking Redevelopment
Utility Project
$ 133,329 $ 1,201,562
(51,656) - (982,077)
81,673 219,485
12,041 -
- (349,850)
12,041 (349,850)
(48,666) (247,990)
(5,701) (46,495)
- 75,000
(54,367) (219,485)
- 2,087
39,347 (347,763)
23,839 347,763
$ 63,186 $ -
$ (48,450) $ 145,744
78,231 105,598
(389) (3,150)
2,792 2,140
49,128 (30,847)
361 -
$ 81.673 $ 219.485
$ 88.255 $ -
84
Total
Nonm ajor
Industrial Golf Proprietary
Park Course Funds
$ 38,625 $ 528,185 $ 1,901,701
(2,409) (547,299) (1,583,441)
36,216 (19,114) 318,260
- - 12,041
- - (349,850)
- (337,809)
(33,080) (33,080)
(1,670,912) (4,887) (1,972,455)
(164,084) (1,120) (217,400)
1,415,000 - 1,490,000
- 68,151 68,151
383,780 (9,950) 373,830
(36,216) 19,114 (290,954)
- - 2,087
- - (308,416)
- 800 372.402
- 800 $ 63,986
$ 36,261 $ (62,452) $ 71,103
- 31,677 215,506
- 1,460 (2,079)
(45) 1,290 6,177
- - 18,281
- 8,911 9,272
$ 36,216 $ (19,114) $ 318,260
- - $ 88,255
85
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Net Position
Internal Service Funds
December 31, 2012
Total
Internal
Hospital Police Fire Workman's Service
Insurance Pension Pension Compensation Funds
$ 1,315,127 $ 679,918 $ 247,564 $ 466,212 $ 2,708,821
89,444 - - 8,303 97,747
- - - 20,400 20,400
1,404,571 679,918 247,564 494,915 2,826,968
38,309 - - 497 38,806
800,000 - - - 800,000
838,309 - - 497 838,806
ASSETS
Current Assets
Cash and investments
Receivables
Accounts
Taxes
Total Current Assets
LIABILITIES
Current Liabilities
Accounts payable
Accrued expenses
Total Current Liabilities
DEFERRED INFLOWS OF RESOURCES
Property taxes - - - 20,400 20,400
NET POSITION
Unrestricted $ 566,262 $ 679,918 $ 247,564 $ 474,018 $ 1,967,762
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenses and Changes in Net Position
Internal Service Funds
For the Year Ended December 31, 2012
Total
Internal
Hospital Police Fire Workman's Service
Insurance Pension Pension Compensation Funds
Operating Revenues
Intergovernmental charges for services $ 7,476,351 $ - $ - $ 44,564 $ 7,520,915
Other revenues 1,473,015 - - 329,863 1,802,878
Total Operating Revenues 8,949,366 - - 374,427 9,323,793
Operating Expenses
Claims and administration
Operating Income (Loss)
Nonoperating Revenues
Taxes
Interest on investments
Total Nonoperating Revenues
Change in Net Position
Net Position - January 1
Net Position - December 31
10,665,549 49,261 30,318 421,432 11,166,560
(1,716,183) (49,261) (30,318) (47,005) (1,842,767)
20,400 20,400
7,233 1,062 625 - 8,920
7,233 1,062 625 20,400 29,320
(1,708,950) (48,199) (29,693) (26,605) (1,813,447)
2,275,212 728,117 277,257 500,623 3,781,209
$ 566,262 $ 679,918 $ 247,564 $ 474,018 $ 1,967,762
87
CITY OF OSHKOSH, WISCONSIN
Statement of Cash Flows
Internal Service Funds
For the Year Ended December 31, 2012
Total
Internal
Hospital Police Fire Workman's Service
Insurance Pension Pension Compensation Funds
Cash Flows from Operating Activities
Cash received from customers
Cash payments to suppliers and employees
Net Cash Provided (Used) by Operating
Activities
Cash Flows from Non-Capital Financing Activities
Property taxes received
Cash Flows from Investing Activities
Investment income received
Net Increase (Decrease) in Cash and Cash
Equivalents
Cash and Cash Equivalents - January 1
Cash and Cash Equivalents - December 31
$ 8,875,179 $ - $ - $ 377,309 $ 9,252,488
(10,636,240) (49,261) (30,318) (421,040) (11,136,859)
(1,761,061) (49,261) (30,318) (43,731) (1 1 884,371)
- - - 20,400 20,400
7,233 1,062 625 - 8,920
(1,753,828) (48,199) (29,693) (23,331) (1,855,051)
3,068,955 728,117 277,257 489,543 4,563,872
$ 1,315,127 $ 679,918 $ 247,564 $ 466,212 $ 2,708,821
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
Operating income (loss) $ (1,716,183) $ (49,261) $ (30,318) $ (47,005) $ (1,842,767)
Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:
Changes in assets and liabilities
Accounts receivable (74,187) - - 2,882 (71,305)
Accrued expenses 29,309 - - 392 29,701
Net Cash Provided (Used) by Operating
Activities $ (1,761,061) $ (49,261) $ (30,318) $ (43,731) $ (1,884,371)
m
2
rn
I-
2
-I,
0
-I
0
2
-I,
2
2
I-
City of Oshkosh, Wisconsin
Net Position by Component
Last Five Years
(accrual basis of accounting)
2012 2011 2010 2009 2008
$ 19,419,962 $ 19,229,355 $ 59,344,634 $ 58,296,609 $ 59,238,509
30,364,648 26,651,319 12,781,352 4,625,915 1,814,545
9,703,942 9,406,605 (7,027,497) 755,346 1,435,588
59,488,552 55,287,279 65,098,489 63,677,870 62,488,642
119,805,631 101,773,674 116,520,471 110,806,457 106,592,573
27,837,526 41,439,462 29,745,981 25,715,028 16,689,275
147,643,157 143,213,136 146,266,452 136,521,485 123,281,848
139,225,593 121,003,029 175,865,105 169,103,066 165,831,082
30,364,648 26,651,319 12,781,352 4,625,915 1,814,545
37,541,468 50,846,067 22,718,484 26,470,374 18,124,863
$ 207,131,709 $198,500,415 $211,364,941 $200,199,355 $185,770,490
Governmental Activities
Invested in Capital Assets, Net of Related Debt
Restricted
Unrestricted
Total Governmental Activities Net Position
Business-Type Activities
Invested in Capital Assets, Net of Related Debt
Unrestricted
Total Business-Type Activities Net Position
Primary government
Invested in Capital Assets, Net of Related Debt
Restricted
Unrestricted
Total Primary Government Net Position
EIN
City of Oshkosh, Wisconsin
Changes in Net Position
Last Five Years
(accrual basis of accounting)
2012 2011 2010 2009 2008
Program Revenues
Governmental Activities:
Charges for Services:
General Government $ 1,499,241 $ 2,364,086 $ 119,557 $ 151,058 $ 194,337
Public Safety 3,428,559 3,909,146 4,088,498 4,024,666 3,948,596
Public Works 4,068,799 3,637,583 5,214,099 3,519,023 3,426,072
Health and welfare 186,310 120,859 209,533 210,053 240,549
Parks and recreation 1,574,689 806,739 2,644,591 2,448,725 1,357,307
Transportation 45,917
Community development 1,324,595 46,898 2,991,609 2,924,048 2,869,826
Operating grants and contributions 6,509,866 6,428,168 5,257,764 4,997,987 6,089,486
Capital grants and contributions 2,628,797 6,057,270 0 0 0
Total Governmental Activities Program Revenues 21,266,773 23,370,749 20,525,651 18,275,560 18,126,173
- T,,- Activities- I fJ iLC
Charges for Services:
Transit utility 1,060,619 977,045 871,564 781,952 685,116
Water utility 12,653,163 11,883,928 11,359,012 11,559,034 11,740,668
Sewer utility 10,604,202 9,734,441 9,002,688 8,996,742 9,353,241
Storm Water utility 4,606,002 4,127,079 3,724,446 3,962,269
Operating grants and contributions 3,016,504 2,862,158 4,720,484 4,010,723 3,870,423
Capital grants and contributions 2,131,530 1,816,885 3,030,390 4,555,380 2,318,353
Other 1,903,780 1,890,888 868,689 878,084 3,847,983
Total Business-Type Activities Program Revenues 35,975,800 33,292,424 33,577,273 34,744,184 31,815,784
Total Primary Government Program Revenues 57,242,573 56,663,173 54,102,924 53,019,744 49,941,957
Expenses
Governmental Activities:
General Government 7,153,206 6,579,998 6,391,836 6,285,171 6,170,557
Public Safety 25,890,300 25,344,065 23,653,443 23,333,122 22,159,371
Public Works 18,613,846 15,786,739 14,880,323 15,843,295 13,906,804
Health and welfare 1,574,357 1,396,562 1,017,262 1,065,069 1,049,528
Parks and recreation 9 1 216,781 9,076,401 8,558,050 8,181,034 7,547,260
Transportation 743,613 728,496 685,570 661,953 629,293
Community development 2,758,184 9,376,637 4,903,810 5,516,499 5,583,413
Unclassified 776,758 606,496 551,791 388,794 675,718
Interest on debt 2,603,084 3,463,336 2,217,235 2,319,986 2,974,777
Total Governmental Activities Expenses 69,330,129 72,358,730 62,859,320 63,594,923 60,701,721
Business-Type Activities:
Transit utility 4,860,183 4,945,229 4,800,584 4,788,395 4,852,157
Water utility 10,557,966 10,352,077 11,296,626 10,475,252 10,658,416
Sewer utility 9,195,795 8,851,545 8,493,557 8,460,051 8,426,591
Storm Water utility 3,915,332 4,171,390 2,776,140 2,365,735
Other 1,989,165 1,994,268 5,201,117 4,246,275 6,016,602
Total BusinesJ -Type Activities Expenses 30,518,441 30,314,509 32,568,024 30,335,708 29,953,766
Total Primary Government Expenses $ 99,848,570 $ 102,673,239 $ 95,427,344 $ 93,930,631 $ 90,655,487
(continued)
City of Oshkosh, Wisconsin
Changes in Net Position (continued)
Last Five Years
(accrual basis of accounting)
2012 2011 2010 2009 2008
Net (Expense)/Revenue
Governmental Activities $ (48,063,356) $ (48,987,981) $ (42,333,669) $ (45,319,363) $ (42,575,548)
Business-Type Activities 5,457,359 2,977,915 1,009,249 4,408,476 1,862,018
Total Prim ary Government Net Expense ($42,605,997) ($46,010,066) ($41,324,420) ($40,910,887) ($40,713,530)
General Revenues and Other Changes in Net Position
Governmental Activities:
Taxes:
Property and Other Local Taxes Levied For:
General Purposes $ 6,988,954 $ 11,910,812 $ 12,560,637 $ 12,018,253 $ 11,128,038
Other Purposes 13,629,952 7,526,939 0 0 0
Debt Service 16,704,943 16,523,050 16,675,924 16,440,764 15,793,524
State and Federal Aids Not Restricted to Specific Functions 12,667,257 13,227,462 13,454,777 13,809,528 13,975,582
Investment Earnings 754,834 585,859 467,806 743,305 1,785,206
Gain (Loss) on Sale of Capital Assets 0 88,877 75,206 19,333 0
Miscellaneous 180,880 852,301 756,938 955,629 964,403
Transfers 1,337,809 2,154,845 (237,000) (729,525) (324,407)
Total Governmenta/Activities $ 52,264,629 $ 52,970,145 $ 43,754,288 $ 43,257,287 $ 43,322,345
Business-Type Activities:
General Purposes property taxes levied for 817,657 888,750 8,148,457 7,554,946 6,794,421
Investment Earnings 155,472 212,089 226,694 294,475 911,358
Gain (Loss) on Sale of Capital Assets 42,496 428,485 123,567 252,215 272,592
Miscellaneous 0 0 0 0 0
Transfers (1,337,809) (2,154,845) 237,000 729,525 324,407
Total Business-Type Activities (322,184) (625,521) 8,735,718 8,831,161 8,302,778
Total Primary Government $ 51,942,445 $ 52,344,624 $ 52,490,005 $ 52,083,448 $ 51,625,124
Change in Net Position
Governmental Activities 4,201,273 3,982,164 1,420,619 (2,062,075) 746,798
Business-Type Activities 5,135,175 2,352,394 9,744,967 13,239,637 10,154,796
Total Primary Government Change in Net Position $ 9,336,448 $ 6,334,558 $ 11,165,585 $ 11,177,561 $ 10,911,594
91
CITY OF OSHKOSH, WISCONSIN
Fund Balances, Governmental Funds
History
December 31, 2012
-. 2012 2011 2010 2009 2008 2007 2006 2005 2004
FUND BALANCES
RESERVED
Inventories and prepaid items 63,560 20,117 15,128 15,934 15,117 175,800 175,800 175,800 175,800
Retirement of long-term debt 1,146,983 1,814,545 15,366,502 14,982,030 14,374,421 726,155
Receivables from other funds 9,023,957 7,822,388
Construction of assets 15,864,698 12,466,838 6,161,672 5,394,152 4,989,533 2,502,562 2,500,545 4,307,252 3,746,057
Debt service 3,843,324 3,827,124 802,645
Special purposes 2,954,583 3,619,623 2,225,449
c Trust agreements 7,702,043 7,615,773 3,591,586 3,478,932 t')
COMMITTED
Special purposes 199,313 453,083 1,440,897
ASSIGNED
Construction of assets 9,450,113 6,368,873 4,378 ;911
Subsequent years 502,664 687,688 766,216
UNRESERVED 532,461 30,171
UNASSIGNED
General fund 8,820,427 8,520,110 8,090,093 7,074,708 6,919,987 7,116,709 6,148,721 4,905,892 6,656,451
Special revenuc funds (632,057) (51,337) (32,444) 3,110,529 3,670,732 2,591,008 2,366,211 2,054,178 1,711,929
Capital project funds - (7,783,852) (6,976,868) (1,896,158) (1,885,880)
Total Fund Balances $50,008,773 $ 44,373,412 $ 25,543,995 $ 18,867,819 $ 17,440,085 $ 27,752,581 $ 26,173,307 $ 25,817,543 $ 13,016,392
City of Oshkosh, Wisconsin
Changes in Fund Balances, Governmental Funds
Last Five Fiscal Years
2012 2011 2010 2009 2008
Revenues
Taxes
Special assessments
Intergovernmental
Licenses and permits
Fines and forfeits
Public charges for services
Intergovernmental charges for services
Miscellaneous
Total Revenues
Expenditures
Current
General government
Public safety
Public works
Health and welfare
Parks and recreation
Transportation
Community development
Unclassified
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
Excess of Revenues Over (Under)
Expenditures
Other Financing Sources (Uses)
$ 37,169,391 $ 36,040,150 $ 29,175,074 $ 28,383,879 $ 26,838,787
1,819,259 291,300 3,560,361 1,164,351 1,811,474
17,954,593 19,283,704 18,845,337 18,791,932 18,869,185
1,697,164 1,903,473 1,550,077 1,454,274 1,612,615
693,361 697,601 801,492 818,009 759,287
4,758,167 5,163,689 4,919,919 4,464,959 5,035,679
3,959,645 3,240,651 3,348,419 3,361,466 2,440,503
3,586,276 6,410,171 2,249,104 3,738,388 4,333,069
71,637,856 73,030,739 64,449,783 62,177,258 61,700,599
5,970,307 6,029,646 5,929,199 5,864,013 5,849,537
24,187,942 23,810,954 22,529,557 22,551,705 22,088,797
10,283,815 9,704,657 9,449,325 10,775,806 9,618,947
1,094,576 1,393,121 1,013,821 1,061,628 1,047,247
7,586,448 7,631,194 7,465,635 7,579,261 7,193,198
599,980 728,496 685,570 661,953 629,293
3,620,086 3,777,858 4,711,826 5,276,199 5,458,971
766,501 606,496 551,791 388,794 675,718
8,569,556 7,825,286 9,625,951 5,237,862 18,861,940
2,842,832 3,473,041 2,113,520 2,319,996 2,955,006
17,854,390 19,897,863 9,422,185 8,372,637 4,464,179
83,376,433 84,878,612 73,498,380 70,089,854 78,842,833
(11,738,577) (11,847,873) (9,048,597) (7,912,596) (17,142,234)
Long-term debt issued 20,044,000 22,725,000 18,584,000 6,587,500 7,154,145
Payment to refunding escrow agent (4,007,871) (9,968,673) (2,622,227)
Transfers in 11,657,789 13,424,584 9,779,289 9,362,539 8,688,735
Transfers out (10,319,980) (11,269,739) (10,016,289) (10,092,064) (9,013,142)
Total Other Financing Sources (Uses) 17,373,938 14,911,172 15,724,773 5,857,975 6,829,738
Excess of Revenues and Other
Financing Sources Over (Under)
Expenditures and Other Financing Uses
Fund Balances -January 1, as Restated
Fund Balances - December 31
5,635,361 3,063,299 6,676,176 (2,054,621) (10,312,496)
44,373,412 41,310,113 18,867,819 20,922,440 27,752,581
$ 50,008,773 $ 44,373,412 $ 25,543,995 $ 18,867,819 $ 17,440,085
93
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City of Oshkosh, Wisconsin
HISTORICAL VALUATIONS AND TAX RECORDS
ASSESSED
TOTAL STATE VALUE ASA
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
3,591,967,000 146,992,600 1 3,738,959,600 3,762,601,100 99.18
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 1 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 1 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 123.911
2012 0.1710 5.8900 0.0000 10.8740 8.9370 25.8720 1.2570 124.615
*City school tax rate includes vocational school rate. In 2012 vocational portion was 1.982.
City of Oshkosh, Wisconsin
Principal Taxpayers
12/31/2002 and 12/31/2012
December 31, 2012
Real Property Percentage of Total
Assessed Valuation (1) Assessed Valuation
$55,238,400 1.48%
55,057,600 1.47
34,579,900 0.92
44,982,600 1.20
30,813,300 0.82
32,090,900 0.86
31,038,400 0.83
29,257,300 0.78
27,091,600 0.72
25,595,500 0.68
0.00
Taxpayer
Midwest Realty
Dumke & Associates
Oshkosh Corporation
Tom Rusch etal
Curwood Bemis
BFO Factory Shoppes
Charles Perry
Peter Jungbacker etal
Aurora Medical
Bergstrom
$365,745,500 9.78%
Total Assessed Valuation
$3,738,959,600
December 31, 2002
Real Property Percentage of Total
Assessed Valuation (1) Assessed Valuation
$37,370,200 1.65%.
29,561,500 1.30
22,518,900 0.99
17,927,500 0.79
16,119,100 0.71
14,378,400 0.63
13,067,000 0.58
10,965,000 0.48
8,330,900 0.37
10,969,300 0.48
10,220,400 0.45
Taxpayer
Curwood Inc. (Bemis) & Weldon Inc.
John Mark - Security Investments
Thomas N. Rusch, etal.
Aurora Medical
Dennis Schwab
Oshkosh Truck Corp., Cadence Co.
First Horizon Group Ltd. Partnership
Miles Kimball
Firstar Bank
Pine Investments / Nicolet Investments
Mokier Properties
$191,428,200 8.43%
Total Assessed Valuation
$2,266,847,900
(1) Assessed valuation based on the valuation of property for taxes collected in 2012 and 2002
respectively, and a review of the 10 largest taxpayers for the City.
Source: City of Oshkosh Assessors Office
95
Cit y of Oshkosh, Wisconsin
Property Tax Levies And Collections
2002 -2011
County Percent of Total
Percent of Settlement Tax Collections
Total City City Tax for Delinquent Total Prior to
Tax Tax Collections Tax Tax Collections I
Year Levy Collections To Tax Levy Collections Collections Adjustments
2011 $ 96,961,355 $ 93,389,879 96.32 % $ 3,504,895 $ 96,894,774 99.93 %
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
Sources: Winnebago County Treasurer and City of Oshkosh Department of Finance.
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CITY OF OSHKOSH, WISCONSIN
Ratios of Net General Bonded Debt Outstanding
Last Ten Fiscal Years
December 31, 2012
Net General
Long-Term Debt
Ratio to
Fiscal Assessed Per
Year Porulation Assessed Value Debt Total Value Capita
2012 66,325 3,762,601,100 137,859,256 3.66% 2,078.54
2011 66,083 3,776,085,900 133,631,865 3.54% 2,022.18
2010 66,080 3,779,437,800 131,952,877 3.49% 1,996.87
2009 64,350 3,801,817,900 129,657,250 3.41% 2,014.88
2008 65,920 3,849,076,000 119,684,801 3.11% 1,815.61
2007 65,810 3,722,810,200 119,580,048 3.21% 1,817.05
2006 65,510 3,558,114,300 118,945,768 3.34% 1,815.69
2005 65,445 3,335,517,300 115,334,666 3.46% 1,762.31
2004 65,095 3,141,524,900 113,006,301 3.60% 1,736.02
2003 64,327 2,924,336,700 112,645,337 3.85% 1,751.14
STATEMENT OF INDEBTEDNESS
City of Oshkosh, Wisconsin
As of December 31, 2012
GENERAL OBLIGATION DEBT OUTSTANDING
AND LEGAL DEBT MARGIN
For City For Sohool
General Purposes Purposes
Equalized Value.................................. $ 3,762,601,100 $
4,719,981,575
Legal Debt M arg i n *
5% 10 %
188,130,055 471,998,158
Bonds Outstanding.............................. 137,859,256 11,875,000
Legal Debt Margin .............................. $ 50,270,799 $ 460,123,158
*P ursu ant 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.
For City General Purposes.....
Total Direct Debt....................
Per Cent of Debt
Applicable to
Outstanding Municipality
$ 137,859,256 100.00%
137,859,256
Municipality's
Share of Debt
S 137,859,256
137,859,256
Winnebago County..................
For School Purposes................
,-,. -t ill mt culcy I Lll. '.oiiegt .........
Total Debt................................
2012 Population - 66,325
Ratio of Debt to Equalized Value:
Ratio of Debt Per Capita:
Current investment Rating by Moody's, Aa2
61,909,613 31.7148% 19,634,510
11,875,000 75.4729% 8,962,407
1A10 000 10 0701l0/
.)'tJUV,VVV 11J.0 I 01./U 3,7 )7 7r0
.) / , / Ii)
$ 246,003,869 $ 170,193,922
Direct Municipal Purposes only 3.66%
Direct Municipal Purposes Only.... $ 2,078.54
STATEMENT OF INDEBTEDNESS
City of Oshkosh, Wisconsin
Schedule of Bonds and Notes for City Purposes, Issued,
Retired and Outstanding as of December 31, 2012.
BONDS
Clean Water Fund - Improvements to sewer utility.
Note: Amount authorized up to $2,994,450.
Clean Water Fund - Improvements to sewer utility.
Note: Amount authorized up to $18,388,072
Water Revenue Bond - Safe Drinking Water
Clean Water Fund - Improvements to sewer utility.
Water Revenue Bonds - Safe Drinking Water
Safe Drinking Water Bond
Corporate Purpose Bonds 03A, Park Improvements,
Splash pad, Fire Engine, repl Transit buses, upgrade
Cable TV, storm, TI 19, 18, 14, 13, 12. REF. '11A
Corporate Purpose Taxable Bonds 2003C
Water Rev Ref Bonds 2003G
Corporate Purpose Bonds 04A, Sawyer St and bridge,
Witzel and Church Ave, Park Imp, Swr, Wtr, Storm,
Gen, TIF 19-NW Ind Park, TIF 14-Mercy Medical
Rev Bond Clean Water Fund
Corporate Purpose G 0 Bonds 2005A, playground,
Three basketball courts, TIF 19, TIF 14, hF 18, Wtr,
Swr, General
Storm Water Revenue Bonds 2005C
Corporate Purpose Refunding Bonds 2005D
Corporate Purpose Bonds 2006A, streets, floating dock
along amphitheater, swr, gen, TIF20
Corporate Purpose GO Bonds 2006C, Tif 20
G 0 Refunding Bonds 2006D, ref 1998-C and 1998-D
Water Rev Ref Bonds 2006G
Corporate Purpose G 0 Bonds 2007A, Streets, Swr,
Park Improvements, Water
Corporate Purpose G 0 Bonds 2008A, General
Water Revenue Bonds, Safe Drinking, 2008
Corporate Purpose G 0 Bonds 2009A, hF 18, Water, Sewer,
Storm, and General
Corporate Purpose Bonds 2010A, General and TIF 18
Corporate Purpose Refunding Bonds 2010C, TIF 6, 7, 8, 12, 13,
14, 18, Cable TV, Transit, Parking, Storm, Water, Sewer, Gen.
Corporate Purpose Taxable Ref. Bonds 2010D, TIF 13, 16, 17,
Oshkosh Center, and Ind Park
Storm Water Rev Bonds 2010E
Year of Authorized Retired as of Outstanding
Issue and Issued 12-31-12 12-31-12
1993 2,881,402 2,881,402 0
1995 17,631,411 15,027,819 2,603,592
1998 11,913,672 7,497,793 4,415,879
1999 3,169,210 1,860,281 1,308,929
2000 13,636,364 7,714,135 5,922,229
2001 3,483,913 1,681,542 1,802,371
2003 11,675,000 11,675,000 0
2003 1,420,000 1,420,000 0
2003 2,065,000 2,065,000 0
2004 6,480,000 2,065,000 4,415,000
2004 3,361,441 1,125,092 2,236,349
2005 7,395,000 2,115,000 5,280,000
2005 4,820,000 1,295,000 3,525,000
2005 18,335,000 8,465,000 9,870,000
2006 9,265,000 2,180,000 7,085,000
2006 1,995,000 445,000 1,550,000
2006 11,865,000 11,410,000 455,000
2006 12,705,000 2,435,000 10,270,000
2007 7,950,000 1,515,000 6,435,000
2008 5,105,000 765,000 4,340,000
2008 7,287,776 929,032 6,358,744
2009 16,740,000 2,715,000 14,025,000
2010 9,140,000 525,000 8,615,000
2010 12,620,000 2,430,000 10,190,000
2010 8,420,000 1,070,000 7,350,000
2010 20,800,000 1,485,000 19,315,000
STATEMENT OF INDEBTEDNESS
City of Oshkosh, Wisconsin
Schedule of Bonds and Notes for City Purposes, Issued,
Retired and Outstanding as of December 31, 2012.
Water Rev Bonds 2010F
Sewer Rev Bonds 2010G
Corporate Purpose Bonds 2011A, Gen., Water, Storm, Parking,
TIF 13, 14, 18, and 19.
Taxable G 0 Refunding Bonds, 20118, TIF 11, 12, 13, 14, 15,
Industrial Park.
Corporate Purpose Bonds 2011C, General, TIF 17, 18, and 21
Sewer Rev Bonds 2011E
Water Rev Bonds 2011F
Corporate Purpose Bonds 2012A, Gen, Ind, Park, Cony. Center, TIF 8,
Tif 13, 16, 17, and 20
Corporate Purpose Bonds, 20128,
Storm Rev Bonds 2012D
Sewer Rev Bonds 2012E
Water Rev Bonds 2012F
TOTAL BONDS
NOTES
Promissory Notes 04 G 0, Gen, Wtr, Swr
Promissory Notes 20058, Gen, Wtr, Swr, Storm
Promissory Notes 05 Expand Riverside Park
Promissory Notes 05 hF 13 and TIF 17
Promissory Notes 05 TIF 8 and TIE 13
Promissory Notes 06B, Gen, Water, Sewer, Storm, Trans
Promissory Notes 078, Gen, Water, Sewer, Storm,
Ohio/WI St Bridge, Swr interceptor Hazel/New York,
Sanitation automated collect, Wtr new meter reading.
Promissory Notes 08B, Golf and General
Promissory Notes 2008, Board Comm, Tif 20, Ind Park, Ref 2012A
Promissory Notes 2009B, Transit, Water, Sewer, Storm, Gen.
Promissory Notes 2009C, Convention Center and Ind. Park, Ref 2012A
Promissory Notes 2009, TIF 20, Ref 2012A
Promissory Notes 2010, TIE 20, Ref 2012A
Promissory Notes 2010B, Transit, Library, Water, Sewer,
Storm, and General
General Obligation Promissory Notes, 2011D, Gen., Transit
General Obligation Promissory Notes, 2012C
TOTAL NOTES
NET INDEBTEDNESS FOR CITY GENERAL PURPOSES 100
Year of Authorized Retired as of Outstanding
Issue and Issued 12-31-12 12-31-12
2010 5,740,000 475,000 5,265,000
2010 4,890,000 345,000 4,545,000
2011 8,490,000 260,000 8,230,000
2011 6,350,000 440,000 5,910,000
2011 9,965,000 430,000 9,535,000
2011 8,290,000 475,000 7,815,000
2011 6,510,000 0 6,510,000
2012 5,595,000 0 5,595,000
2012 12,480,000 0 12,480,000
2012 6,810,000 0 6,810,000
2012 6,270,000 0 6,270,000
2012 5,430,000 0 5,430,000
318,980,189 97,217,096 221,763,093
2004 1,565,000 1,360,000 205,000
2005 2,540,000 1,905,000 635,000
2005 200,000 50,743 149,257
2005 1,163,000 1,163,000 0
2005 656,000 656,000 0
2006 2,500,000 1,560,000 940,000
2007 3,375,000 1,720,000 1,655,000
2008 1,565,000 625,000 940,000
2008 1,419,815 1,419,815 0
2009 2,945,000 995,000 1,950,000
2009 1,322,463 1,322,463 0
2009 792,933 792,933 0
2010 256,068 256,068 0
2010 4,150,000 425 :000 3,725,000
2011 2,895,000 255,000 2,640,000
2012 3,660,000 0 3,660,000
27345.279 14,506,022 16,499,257
$346,325,468 111,723,118 238,262,350
CITY OF OSHKOSH
(1 OF 3)
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL AND INTEREST REQUIREMENT FOR OUTSTANDING
GENERAL OBLIGATION BONDS AND NOTES AND REVENUE BONDS
ISSUED FOR CITY PURPOSES AS OF DECEMBER 31, 2012
Calendar
Year
Principal and
Interest
Revenue Principal
and Interest
Build America
Credit Total
2013 $ 17,435,236 $ 10,176,837 $ (419,507) $ 27,192,566
2014 16,875,222 10,461,696 (402,796) 26,934,122
2015 16,119,029 9,135,250 (382,934) 24,871,345
2016 15,518,049 9,113,833 (360,836) 24,271,046
2017 14,837,913 9,118,550 (335,931) 23,620,532
2018 14,212,496 9,123,597 (307,850) 23,028,243
2019 13,459,993 8,344,794 (277,449) 21,527,338
2020 12,483,334 7,215,755 (250,583) 19,448,506
2021 10,847,168 7,211,774 (222,337) 17,836,605
2022 8,226,402 6,467,869 (199,749) 14,494,522
2023 7,041,191 6,086,856 (176,688) 12,951,359
2024 6,258,483 6,088,338 (152,557) 12,194,264
2025 5,539,056 5,873,731 (127,855) 11,284,932
2026 4,274,587 5,534,310 (102,497) 9,706,400
2027 3,567,918 4,733,774 (76,354) 8,225,338
2028 3,003,868 4,705,342 (49,549) 7,659,661
2029 1,757,030 4,245,751 (21,903) 5,980,878
2030 1,742,830 4,261,706 (11,193) 5,993,343
2031 1,087,550 1,865,893 2,953,443
2032 1,147,437 1,147,437
$ 174,287,355 $ 130,913,093 $ (3,878,568) $ 301,321,880
SPECIAL ASSESSMENTS AS OF 12-31-12
Total Special Assessments against property in the City of Oshkosh are as follows:
Street Improvements $ 2,857,552
Sanitary Sewers 612,641
Water Mains 163,806
Sidewalks 426,507
Deferred Assessment 200,874
Plumbing 32,067
Overlay 33,717
$ 4,327,164
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.
101
CITY OF OSHKOSH
(2 OF 3)
WINNEBAGO COUNTY, WISCONSIN
ANNUAL PRINCIPAL REQUIREMENT FOR OUTSTANDING
[01113A 'J.1 01114 a
ISSUED FOR CITY PURPOSES AS OF DECEMBER 31, 2012
$
Calendar
Year
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
Principal
$ 12,518,432
12,383,851
12,004,292
11,774,741
11,475,245
11,235,756
10,866,293
10,271,847
9,007,451
6,713,074
5,788,728
5,244,411
4,745,138
3,685,000
3,139,999
2,714,998
1,590,000
1,640,000
1,060,000
0
Revenue
Principal
$ 6,985,283
7,398,797
6,255,541
6,406,381
6,594,011
6,793,486
6,214,389
5,274,701
5,454,508
4,891,012
4,680,527
4,855,384
4,823,950
4,669,330
4,039,958
4,175,836
3,885,000
4,075,000
1,800,000
1,130,000
Total
19,503,715
19,782,648
18,259,833
18,181,122
18,069,256
18,029,242
17,080,682
15,546,548
14,461,959
11,604,086
10,469,255
10,099,795
9,569,088
8,354,330
7,179,957
6,890,834
5,475,000
5,715,000
2,860,000
1,130,000
$ 137,859,256
$ 100,403,094 $ 238,262,350
102
CITY OF OSHKOSH
(3 OF 3)
WINNEBAGO COUNTY, WISCONSIN
ANNUAL INTEREST REQUIREMENT FOR OUTSTANDING
GENERAL OBLIGATION BONDS AND NOTES AND REVENUE BONDS
ISSUED FOR CITY PURPOSES AS OF DECEMBER 31, 2012
Calendar Revenue Build America
Year Interest Interest Bonds Credit Total
2013 $ 4,916,804 $ 3,191,554 (419,507) $ 7,688,851
2014 4,491,371 3,062,899 (402,796) 7,151,474
2015 4,114,737 2,879,709 (382,934) 6,611,512
2016 3,743,308 2,707,452 (360,836) 6,089,924
2017 3,362,668 2,524,539 (335,931) 5,551,276
2018 2,976,740 2,330,111 (307,850) 4,999,001
2019 2,593,700 2,130,405 (277,449) 4,446,656
2020 2,211,487 1,941,054 (250,583) 3,901,958
2021 1,839,717 1,757,266 (222,337) 3,374,646
2022 1,513,328 1,576,857 (199,749) 2,890,436
2023 1,252,463 1,406,329 (176,688) 2,482,104
2024 1,014,072 1,232,954 (152,557) 2,094,469
2025 793,918 1,049,781 (127,855) 1,715,844
2026 589,587 864,980 (102,497) 1,352,070
2027 427,919 693,816 (76,354) 1,045,381
2028 288,870 529,506 (49,549) 768,827
2029 167,030 360,751 (21,903) 505,878
2030 102,830 186,706 (11,193) 278,343
2031 27,550 65,893 93,443
2032 17,437 17,437
$ 36,428,099 $ 30,509,999 $ (3,878,568) $ 63,059,530
103
THIS PAGE INTENTIONALLY LEFT BLANK
4,000,000,000
3,500,000,000
3,000,000,000
2,500,000,000
2,000,000,000
1,500,000,000
1,000,000,000
500,000,000
0
Year 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
City of Oshkosh, Wisconsin
Demographic and Economic Statistics
Last Ten Years
Total Per Capita Average Sales Price
Personal Personal Median School Unemployment of Residential Total Assessed
Year Population (1) Income (2) Income (3) Age (4) Enrollment (5) Rate (6) Property (7) Property Value (8)
2012 66,325 $1,573,162,675 $23,719 33.5 11,323 6.9% $132,295 $3,738,959,600
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% 142,508 3,708,134,000
2009 64,350 1,795,365,000 27,900 33.8 10,331 8.4% 136,240 3,712,040,700
2008 63,680 2,521,091,200 39,590 49 10,335 4.9% 136,218 3,658,905,250
CD
2007 65,810 2,514,402,670 38,207 49 10,374 4.6% 126,136 3,571,509,200
2006 65,510 2,585,548,680 39,468 46 10,299 4.8% 160,402 3,483,887,600
2005 65,445 2,253,009,570 34,426 nla 10,256 5.0% 117,345 3,396,162,800
2004 65,095 2,217,981,935 34,073 n/a 10,304 5.1% 118,240 2,368,259,800
2003 64,327 2,107,931,463 32,769 n/a 10,406 6.0% 126,409 2,329,972,500
Total Assessed
Source:
(1)U.S. Census Bureau, Census 2011 Data. Esri forecasts for 2012 and 2016.
(2)Computation of per capita personal income multiplied by population
(3)U.S Census Bureau, Census 2011 Data. Esri forecasts for 2012 and 2016.
(4)U.S. Census Bureau, Census 2011 Data. Esri forecasts for 2012 and 2016.
(5)WI Department of Public Instruction http://dpi.wi.gov/lbstatlpubdata2.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
CITY OF OSHKOSH, WISCONSIN
Principal Employers
Current Year and Ten Years Ago
Workforce Oshkosh
Development Financial
30-Jun-12 Report
Manufacturing 2012 2002
Bemis Converter Films 250-49q 714
Bemis Specialty Films 250-499
Curwood Inc. 250-499
Hoffmaster, A Solo Cup Company, 250-499 492
(Scott Worldwide Food Service)
Lapham-Hickey Steel 250-499
Miles Kimball Company 250-499 507
Milprint Inc. 500-999
Oshkosh Corporation 1000+ 1710
Non-Manufacturing
4imprint (Nelson Marketing) 250-499 313
Affinity Medical Group, 500-999 1256
(Mercy Medical Center)
Aurora Medical Group 750-1500 380
Clarity Care (Residential Care RC DD) 250-499 441
Eastbay, Inc. (80% PT, 20% FT) 250-499 550
Evergreen Retirement Community 250-499 245
Lutheran Homes of Oshkosh 250-499 325
C R Meyer & Sons Co. 250-499
Park View Health Center 250-499
Sodexo USA 250-499
United Parcel Service 250-499
U S Bank (Firstar) 500-999 1060
Wal-Mart 250-499 400
YMCA 250-499
Government
City of Oshkosh-, includes: 500-999 696
2/13 = 514 Fl, 50 PT, 39 Seasonal,
(source: Assistant Personnel Director, City Oshkosh)
CESA6 250-499 240
Oshkosh Correctional Institution 500-999 518
Oshkosh Area School District 1000+ 1414
Oshkosh Post Office 100-249 360
university or vvi - usnosn 1000+ 1654
Winnebago County 500-999 1114
Winnebago Mental Health Institute 500-999 720
Source:of \II rrir - Fi,-r1-hct \A/T Offira of Prnnrmr Ad,kr,rc -
Wisconsin Department of Weokforce Development
105
CITY OF OSHKOSH, WISCONSIN
NUMBERS OF FULL-TIME EMPLOYEES AUTHORIZED
Last Ten FicaI Years
ACCOUNT PURPOSE 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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 5 5 5 5 5 5 6
0050 Clerk 31 3 3 3 3 3 3 3 3 3
0071 Financial/Treasury 14 14 14 14 14 14 14 14 12 12
0080 Assessor 6 6 6 6 6 61 6 6 6 6
0090 Purchasing 3 3 3 3 2 2 3 3 3 3
0100 Central Services 1 1 1 1 1 1 1 1 1 0
0110 II / Central Srvcs. 7 7 7 7 7 7 7 7 7 7.4
0130 Facilities Maint. 3 3 4 4 4 4 4 4 5 5
0150 Media Srvcs 3 3 3 3 1 3 3 3 3 3 3
0160 Safety 1 1 1 11 1 1 1 1 1 1
0211 Police 118 117 118 117 116 116 116 116 116 116
0230 Fire 103 103 109 109 108 108 108 108 108 108
0310 Health Services 6 6 6 6 6 6 6 6 6 0
0310 Health Srvcs/Nurses 3 3 3 3 3 3 3 3 3 0
0410 Public Wrks. Admin. 3 3 3 3 3 3 3 3 3 3
0420 Engineers 12 12 13 13 12 11 11 11 12 12
0430 Streets 37 40 34 33 32 30 31 31 31 29
0450 Garage 8 8 8 8 8 8 8 8 8 8
0470 Garbage 13 13 13 13 11 11 11 11 10 9.25
0480 Recycling 7 7 7 7 7 7 6 5 5 5
0610 Parks 16.5 16.5 16.5 16.5 15.5 15.5 15.5 15.5 15.641 15.64
0620 Forestry 4 4 4 4 4 4 4 4 41 4
0630 Golf 2 2 2 2 2 2 2 2 2 2
0650 Cemetery 4 4 4 4 4 4 4 4 3.7 3
0740 Planning 7 9 9 9 9.5 9.5 9.5 9.5 9.9 9.9
0750 Inspection Services 10 10 10 10 10.5 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 36.4 36.4 36.9 35.9 32.5 31.6 31.6 32.5 32.05 40.25
1070 Museum 10 10 10 10 10 9 10 10 10 10
1728 Transit 28 28 28 28 28 28 28 28 28 28.00
1717 Parking 3 3 2 2 2 2 1 1 1 1
1810 Water 33 33 31 31 31 31.33 31.33 32.85 32.85 35.05
1910 Sewer 36 32.5 34 34 34 32.33 32.33 32.67 32.67 33.70
2010 Storm 7.5 2 7 7 7 7 7.33 8 8 10.50
0760 Senior Services 5 5 6 6 6 6 5 5 51 5
0790 Housing 17 16 14 14 0 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. 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.36 0.36
TOTAL 586.901 580.901 586.901 584.901 560.50 554.26 554.59 557.02 555.67 557.55
106
• CITY OF OSHKOSH, WISCONSIN
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (1)
2003-2012
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
GENERAL GOVERNMENT :
Common Council
Manager & Staff Emp.
Dept. of Administration
Public Safety
Garbage & Refuse Coil.
Public Works
Street Lights
Maint. of Facilities
& Inspections
C)
Parks & Forestry
Pollock Pool
Pollock Comm Wtr Park
Riverside Cemetery
Library
Museum
Planning & Research
Debt Service Fund
Housing Authority
Senior Services
Recycling
City/County Safety Bldg
Unclassified
$ 38,827 $ 39,740 $ 39,726 $ 39,538 $ 39,052 $ 39,875 $ 45,228 $ 51,335 $ 47,863 $ 44,406
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 1,720,835
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 3,683,868
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 23,804,666
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 2,367,215
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 5,851,044
606,973 592,520 615,916 589,271 623,310 629,293 661,953 685,570 728,497 599,976
718,067 723,315 681,972 746,831 769,203 829,207 821,326 792,687 833,036 694,761
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 1,890,719
35,070 2,800 3,710 0 0 0 0 0 • 0 0
35,848 44,554 56,513 35,722 17,067 3,256 66,310
185,551 167,615 203,103 215,194 217,278 238,597 270,983 273,131 243,956 304,904
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 2,372,688
706,101 717,441 742,907 699,524 799,058 847,267 845,407 866,016 811,329 866,761
635,523 651,897 710,719 760,366 790,374 795,448 835,841 804,424 1,360,907 1,464,744
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 20,811,507
766,845 745,757 735,141 414,457 0 0 0 0 0 0
316,471 300,596 340,910 352,107 460,902 337,1187 337,079 238,935 261,620 282,212
858,327 735,874 710,518 563,994 397,145 345,782 1,513,835 327,356 338,259 91,682
0 1,270,914 0 0 0 0 0 0 0 0
- 472,968 559,145 496,203 395,766 416,416 675,717 388,792 551,790 931,673 818,868
$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 $ 67,737,166
(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 REVENUES BY SOURCE
2003-2012
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
REVENUES
Taxes & Special Assess. $ 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 $ 30,865,634
Licenses & Permits 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 1,271,226
Fines & Costs 833,600 860,621 750,571 784,376 733,249 672,789 740,958 725,169 697,601 693,361
Shared Taxes - State and 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 15,218,357
Federal Aids
Use of Property and Money 519,627 443,449 514,972 950,556 1,173,004 980,931 655,495 364,032 282,459 217,951
Charges for Current Serv. 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 5,831,386
Interdepartmental Rev. 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 10,249,145
Unclassified 112,724 296,642 110,000 137,898 107,660 507,414 219,032 203,036 168,966 105,886
$ 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 $ 64,452,946
SUMMARY-SHARED TAXES-
STATE & FEDERAL -AIDS
co Shared State Aids $ 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 $ 9,670,727
Highway Aids 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 2,725,548
Housing Authority 0 0 0 429,127 0 0 0 0 0 0
Muni. Serv.-State Prop. 1,225,185 1,222,605 1,277,417 1,333,774 1,322,063 1,356,188 1,252,757 1,189,833 1,115,138 936,185
County Ambulance Aid 65,972 141,930 146,188 159,884 174,934 169,389 71,400 71,554 20,614 77,098
Parks/Forestry Aids 1,883 3,871 0 0 5,398 0 2,532 0 0 0
Tax Disparity Aids 980,694 985,860 977,077 1,067,259 1,088,157 1,212,311 1,211,765 1,202,998 1,196,054 1,137,104
Elections - Aids 6,762 0
Cable TV 7,036 5,557 9,332 7,914 6,332 8,654 3,847 14,200 10,100 10,605
State Computer Credit 204,965 187,440 190,635 210,086 199,152 179,659 141,788 123,502 111,569 153,032
Protective Services/Aids 152,877 159,785 169,560 225,937 246,571 348,216 246,867 337,962 395,324 508,058
$ 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 $ 15,218,357
Source: City of Oshkosh Finance Department
THIS PAGE INTENTIONALLY LEFT BLANK
MISCELLANEOUS GENERAL DATA
CITY OF OSHKOSH, WISCONSIN
SUMMARY OF CASH & INVESTMENTS
As of December 31, 2012 (1 OF 2)
CASH INVESTMENTS
2012 AT COST. :*:
OPERATING FUNDS
General Fund 48,437,834.05 12,441,672.70
Treasurer's Working Fund 3,000.00 0.00
Other Petty Cash Funds 6,035.00 0.00
TRUST FUNDS
Police Pension 13,917.69 666,000.00
Firemen's Pension 8,771.44 238,792.50
Arps Trust 362.15 54,260.44
Behncke Library Trust 569.59 203,880.60
Behncke Museum Trust 76,466.72 68,426.65
William E. Bray Museum Trust 1,023.59 11,538.46
Cemetery Perpetual Care 27,662.61 521,265.43
Leander Choate 28.45 25,255.81
Clute 9.93 495.61
Amy Davies Library Fund 117.62 89,363.90
Drexler Trust 1,134,348.56 0.00
Durow Trust 0.00 3,028,847.77
Fisk-Gallup 1,895.52 0.00
Gould 200.00 3,559.50
Gruenwald Trust 3.38 2,545.36
Gruetzmacher Library Trust 173.98 8,668.25
Abbey Harris Library 434.11 86,418.37
Heyman 149.29 33,971.70
Hicks 765.56 180,805.75
Hilton Ill 464.49 35,875.55
Hilton Library & Museum 0.00 7,147.96
Hilton Special Library 275.98 13,875.75
Hoxtel Library Trust 921.98 9,720.48
Huhn Animal Shelter Trust 0.00 4,367.68
Hume 43.31 1,210.23
James Trust 484.36 5,812.24
John Keish Library Memorial Fund 92.04 2,605.70
Genevieve Kenny Library Trust 50.99 8,517.93
Kitz Museum Memorial Trust 19,351.12 10,178.39
Kitz Directors Trust 252,891.02 0.00
Kitzman Library Trust, Hazel 0.00 79,325.18
Marie Lehnigk Library Fund 135.92 7,014.77
Malnar Children's Program Trust 136.64 20,643.48
Maxwell-Crawford 53.71 7,858.75
Museum Endowment 44,324.60 104,701.37
John V. Nichols Digital Library Trust 147.23 51,107.62
109
INVESTMENTS.
zi
TIC OST
(20F2)
Pine
Pittel
Public Library Memorial Fund
Rasmussen Library, Elizabeth
Rasmussen Library, Mable
Roberts
Rojahn, Elizabeth
Rojahn, Frank Mace
Rojahn, Frank and Anna
Rotary
Ryan
Sarau
Stanhilber - Library & Parks
Stanhilber- Parks Only
M. Zeilmer Library Fund
S. Zelimer Library Fund
Cable TV Franchise - Escrow
Flexible Benefits
Museum Membership Fund
Water Utility - Operating
Water Utility - Depreciation
Water Utility - Spec Redemption
Water Utility - Bond/Note
Sewerage Utility - Operating
Sewerage Utility - Replacement Fund
Sewerage Utility - Bond/Note
Sewerage Utility - Debt Service
Storm Water - Operating
Storm Water - Bond/Note
Storm Water - Debt Service
Centre Utility Spec Redemption
Parking Utility - Operating
549.53 5,712.03
10.82 193.09
6,502.25 345,297.36
0.00 76,203.06
412.54 30,608.05
105.48 2,218.74
528.92 82,070.69
• 88.82 83,876.64
116.14 5,285.62
48.00 2,835.97
182.49 94,774.59
7.57 5,042.59
12,797.66 659,766.32
10.68 2,100,00
841.59 66,954.21
986.11 69,284.75
0.00 10,000.00
41,968.50 0.00
0.00 96,711.78
7,336,781.95 2,567,955.38
0.00 136,937.40
0.00 2,400,283.00
5,987,016.22 0.00
7,539,459.33 0.00
0.00 1,819,007.29
6,323,998.05 0.00
0.00 1,513,371.00
5,082,102.04 504.36
6,855,685.20 0.00
0.00 2,373,365.00
0.00 0.00
63,186.09 0.00
89,286,528.61 30,486,090.80
110
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 1 577,500 291,199,100 111,800,800 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 1 535,600 417,121,300 130,211,200 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 1,237,130,6.00 227,147,500 725,700 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
2012 2,197,935,400 1,188,494,000 229,191,800 606,000 3,616,227,200
Source: WI Department of Revenue - Statistical Report of Property Values 2012
111
CITY OF OSHKOSH, WISCONSIN
TAX ROLL COLLECTIONS
COLLECTIONS IN 2012 OF 2011 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
State Taxes
County Taxes
Schools:
96.72 %
$ 640,824.91 $ 619,816.81
19,642,096.95 18,998,171.92
$ 20,282,921.86 $ 664,933.13
Board of Education $ 29,585,430.45
Vocational School 6,208,875.70
Debt Service:
City Debt $ 16,758,160.00
Legislative Trust Funds:
Police Pension $ 0.00
Firemen's Pension 0.00
Workmen's Comp. 20,400.00
Other Funds:
Library 2,384,200.00
Museum 836,400.00
Transit 764,400.00
Recycling 404,700.00
Street Lighting 1,013,000.00
Grand Opera House 66,200.00
Cemetery 276,200.00
Committee on Aging 297,300.00
Health Services 240,200.00
Golf Course 0.00
Pollock Community Water Park 71,400.00
Equipment 0.00
TI D
General City
Special District
Overrun
28,615,534.06
35,794,306.15 6,005,330.71
1,173,441.38
16,758,160.00
20,400.00
6,354,000.00
7,610,415.22 $ 7,360,923.69 249,491.53
6,985,700.00 29,130,895.91 987,364.09
40,799.88 39,462.34 1,337.54
2,380.04 2,302.02 78.02
$ 93,849,083.15 $ 54,238,853.50 $ 36,533,583.96 $ 3,076,645.69
Special Assessments
3,112,271.80 2,684,022.76 428,249.04
$ 96,961,354.95 $ 54,238,853.50 $ 39,217,606.72 $ 3,504,894.73
Source: City of Oshkosh Finance Department
112
CITY OF OSHKOSH, WISCONSIN
RATIO OF ANNUAL DEBT SERVICE
FOR GENERAL BONDED DEBT TO TOTAL GENERAL GOVERNMENTAL EXPENDITURES
2003 -2012
GENERAL
ANNUAL DEBT GOVERNMENTAL %
YEAR SERVICE EXPENDITURES RATIO
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
2012 20,811,507 67,737,166 30.72
Source: City of Oshkosh - General Governmental Expenditures by Function
113
CITY OF OSHKOSH, WISCONSIN
ECONOMICS
POPULATION CITY OF OSHKOSH
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
2012 Estimate 66,325
Source: U.S. Census Bureau/WI Dept. of Admin.
BUILDING PERMITS
New Residential: Single, Family, and Apartments Total of All Permits
Year No. Value No. Value
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
2012 42 26,119,317 2,646 77,672,133
Source: City of Oshkosh Inspections Department
UTILITY CUSTOMERS AT YEAR END - CITY OF OSHKOSH
2003 2004 2005 2006 2007 2008 2009 2010
Water 22,323 22,742 22,925 22,960 22,893 23,352 23,451 23,512 23,547 23,823
Source: A/! D, k!,- ,;
WV I I II'_ VII_ II IIIIIIII
hHr, II,,,,wp, rr ,,i cynxi
Electric 40,595 41,736. 44,531 41,659 42,492 .42,910 43,038 43,382 43,729 43,861
Gas 30,779 31,168 31,611 31,494 32,123 32,441 32,505 32,667 32,867 32,987
L.
Afl.-
n.,L-.I:.- c.-..-.,:-..
ULJI. JCI V IL '...VJI J'.JI 0 LIV)I iii I r R
.
2012
114
City of Oshkosh, Wisconsin
NEW DWELLING UNITS CONSTRUCTED
1993-2012
YEAR TOTAL UNITS SINGLE FAMILY TWO FAMILY MULTIPLE FAMILY
1993 500 174 6 320
1994 398 165 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 14 4 56
2010 31 22 2 7
2011 195 12 2 181
2012 28 18 4 6
5,652 2,042 351 3,259
Source: City of Oshkosh Department of Community Development
115
Top Ten Users I Customers
Oshkosh Correctional Institute
UW Oshkosh
Bemis / Curwood/Milprint
Pepsi Bottling
Oshkosh Corporation
Winnebago Mental Health
Midwest Realty Management
Winnebago County
Hydrite Chemical
City of Oshkosh
$470,417.89 141,335
297,316.18 80,040
245,484.24 75,870
197,353.35 63,383
192,725.00 56,330
123,700.05 36,213
118,940.50 27,755
109,068.83 27,724
96,327.77 29,949
94,973.21 20,364
I11
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION
WATER UTILITY
Rates:
Quarterly Volume Charge
Charge per 100 cubic Feet
First 3,000 cubic feet $3.71
Next 7,000 cubic feet k. 55
Next 190,000 cubic feet 3.27
Over 200,000 cubic feet 3.01
Minimum Quarterly Charge
Meter Size Charge
5/8" & 3/4"$18.00
1" 28.50
1-1/4' 37.50
1-1/2" 44.10
2' 69.00
3" 11700
4" 174.00
6" 306.00
81! 450.00
10" 651.00
12!! 852.00
116
Top Ten Users / Customers
Oshkosh Correctional Institute
UW Oshkosh
Winnebago County
Oshkosh Corporation
City of Oshkosh
Bemis I Curwood / Milprint
Winnebago Mental Health
Midwest Realty Management
Affinity Medical Group
Gabert & Rusch
$447,056.47 141,335
252,190.26 74,526
244,692.54 75,469
175,816.52 54,389
137,056.87 40,440
121,541.07 37,671
101,421.05 31,672
96,516.08 27,269
72,307.44 22,415
72,139.52 19,711
Billings Usage (00's)
SEWER UTILITY
Rates:
Quarterly Volume Charge
Charge per 100 cubic Feet
Quarterly Fixed Charge
Meter Size Charge
$3.29 5/8' & 3/4" $19.36
1" 31.46
1-1/4" 39.93
1-1/2" 49.61
2" 72.60
3" 125.84
4" 200.86
6" 389.62
8" 615.89
10" 917.18
12" 1,218.47
117
STORM WATER UTILITY
Rates:
Quarterly Eqj Jyalent Runoff Unit ([RU) Charge $20.80
Small Residential (Impervious area < 1,750 square feet) .67 [RU
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 impervious area/2,817)
No charge for undeveloped properties
Top Ten Users I Customers Billings ERU's
Winnebago County $341,610.00 4,3919380
Oshkosh Corporation 156,027.00 2,006.0000
City of Oshkosh 146,382.00 1,881.5290
State of Wisconsin 115,503.00 1,484.5 120
Oshkosh Area School District 95,358.00 1,225.8950
UW Oshkosh 85,714.00 1,102.1370
Bemis I Curwood / Milprint 65,491.00 842.2128
Experimental Aircraft Association 56,079.00 720.7308
Bergstrom 50,868.00 654.4608
BFO Factory Outlets 31,734.00 408.4751
118
THIS PAGE INTENTIONALLY LEFT BLANK
12,800 0 0 3,100 0 46,600
14,800 0 0 1,200 0 256,200
56,900 0 0 7,600 0 384,900
91,400 0 0 3,900 0 544,100
15,800 0 0 3,200 0 247,900
9,900 400 0 7,000 0 74,300
4,500 0 0 3,900 0 875,400
6,600 0 0 1,400 0 214,100
376,300 37,200 0 69,000 38,000 1,082,800
0 0 681,200 0 0 681,200
65,200 204,500 1,500 37,600 0 626,300
23,200 0 0 0 0 23,200
2,000 500 0 2,100 0 213,000
679,400 242,600 682,700 140,000 38,000 5,270,000
182,200 38,600 200 152,400 183,800 11,525,200
76,100 0 0 0 0 76,100
130,200 109,200 0 252,400 20,000 11,096,700
325,000 0 0 0 0 325,000
1,300 100 0 3,100 0 4,500
0 0 0 0 0 85,900
5,800 0 0 200 0 6,000
720,600 147,900 200 408,100 203,800 23,119,400
r IL'i.:I (s v I(s1IiIPAIJ1siJ :i II [ci :111 .icl11plJ[*I[s]
DIRECT INDIRECI TUAL UTIUTEES FIXED ANI CP i7'E TOTAL
GENERAL GOVENRNMENT I
City Council 28,500 2,200
City Manager 182,600 57,600
City Attorney 233,000 87,400
Human Resources 341,600 107,200
City Clerk 168,100 60,800
Elections 56,200 800
Finance 637,600 229,400
Purchasing 155,400 50,700
Information Technology Division 411,900 150,400
Insurance 0 0
Facilities Maintenance 218,800 98,700
Independant Audit 0 0
Media Services 151,300 57,100
TOTAL GENERAL GOVERNMENT 2,585,000 902,300
PUBLIC SAFETY
Police 7,782,800 3,185,200
Animal Care 0 0
Fire & Ambulance 7,764,400 2,820,500
Hydrant Rental 0 0
Auxiliary Police 0 0
Crossing Guards 79,800 6,100
Police & Fire Commission 0 0
TOTAL PUBLIC SAFETY 15,627,000 6,011,800
I PUBLIC WORKS
Public Works - Administration 257,500 91,000 3,100 0 0 800 0 352,400
Engineering 772,200 342,400 14,900 6,000 0 16,200 0 1,151,700
Streets- General 1,377,300 670,400 61,900 5,000 100 412,000 0 2,526,700
Central Garage 405,200 196,200 78,100 106,100 1,500 1,084,500 0 1,871,600
Garbage Collection & Disposal 369,100 171,000 597,100 0 7,100 39,500 0 1,183,800
TOTAL PUBLIC WORKS 3,181,300 1,471,000 755,100 117,100 8,700 1,553,000 0 7,086,200
I PARKS & OTHER FACILITIES
Parks 837,500 336,800 59,800 190,100
200 172,200
0 1,596,600
Forestry 201,600 75,900 14,500 0
0 16,900
0 308,900
TOTAL PARKS & OTHER FAC. 1,039,100 412,700 74,300 190,100
200 189,100
0 1,905,500
119
• PAYROLL .PAOL1 OTRA:. H •:. MATERIALS
DIRECT INDIRECT • TUAL UTIUTIES XED At{. • CAPITAL. TOTA1
SERVKS : .:. CHARS SUPPCiE •. oUTL'(
I COMMUNITY DEVELOPMENT
Assessor
Economic Development
Planning Services
Inspection Services
TOTAL DEPT. OF TRANS.
TOTAL COMMUNITY DEV.
DEPT. OF TRANSPORTATION I
Electric
Sign
290,000 122,300 72,100 0 0 3,900 0 488,300
291,300 118,600 168,500 200 0 4,800 0 583,400
445,500 127,900 64,300 100 0 4,300 0 642,100
361,200 137,200 103,700 5,500 1,100 5,300 0 614,000
1,388,000 506,000 408,600 5,800 1,100 18,300 0 2,327,800
278,500 99,500 10,800 34,100 0 43,200 0 466,100
115,000 24,100 6,400 2,900 0 57,500 0 205,900
393,500 123,600 17,200 37,000 0 100,700 0 672,000
UNCLASSIFIED
Unemployment Compensation
Uncollectible Accounts
Employee Benefit Fees
Patriotic Celebration
Adjustment of Salaries
Unclassified Expenses
Mobile Trailer Tax
Industrial Development
0 42,000 0 0 0 0 0 42,000
o o 475,000 0 0 0 0 475,000
0 0 14,000 0 0 0 0 14,000
0 0 31,700 0 0 0 0 31,700
200,000 0 0 0 0 0 0 200,000
0 0 85,000 0 0 0 0 85,000
0 0 40,000 0 0 0 0 40,000
0 0 0 0 0 0 0 0
TOTAL UNCLASSIFIED 200,000 42,000 645,700 0 0 0 0 887,700
TOTAL BUDGET I 24,413,900 9,469,400 3,300,900 740,500 692,900 2,409,200 241,800 41,268,600
Budget for Recycling 256,400 112,200 375,200 300 100 76,400 170,700 991,300
Budget for Street Lighting 0 0 2,500 1,073,500 0 62,000 0 1,138,000
Budget for Senior Services 316,500 123,700 10,600 54,900 8,000 5,600 12,000 531,300
Budget for 'GO" Transit Utility 1,577,800 666,000 1,614,200 32,100 115,600 522,200 205,000 4,732,900
Budget for Library 1,739,700 629,500 397,200 137,700 16,900 412,300 0 3,333,300
Budget for Museum 616,800 233,800 74,400 71,300 12,500 36,500 5,000 1,050,300
Budget for Grand Opera House 0 0 63,700 0 7,100 1,000 0 71,800
Budget for Cemetery 188,000 82,300 13,200 27,200 9,900 20,800 0 341,400
Budget for Health Services 0 0 0 0 0 0 0 0
Budget for Leach Amphitheater 8,000 1,000 19,800 19,600 200 11,800 0 60,400
Budget for Pollock Comm Wtr Park 40,000 3,700 156,300 58,000 6,500 52,800 0 317,300
Budget for Equipment Fund 0 0 0 0 0 0 1,117,800 1,117,800
TOTAL OPERATING BUDGET 29,157,100 11,321,600 6,028,000 2,215,100 869,700 3,610,600 1,752,300 54,954,400
120
CITY OF OSHKOSH, WISCONSIN
BUDGET FOR 2013- REVENUES
28,786,800 29,488,165 30,118,300 30,121,600 30,604,908
1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
33,782 49,267 33,000 21,100 33,000
36,348 43,401 36,000 42,300 40,000
112,830 115,155 112,000 117,000 117,000
123,933 188,116 120,000 120,000 120,000
30,093,693 30,884,104 31,419,300 31,422,000 31,914,908
85,000 78,839 67,000 72,000 85,700
137,276 130,983 130,000 133,000 133,000
7,575 6,915 6,800 7,000 7,000
41,613 39,102 40,000 33,000 33,000
92,415 83,805 72,000 76,400 91,200
256,153 274,656 195,000 268,500 319,700
79,269 80,380 48,900 65,100 77,400
585 965 800 2,000 2,000
3,615 3,600 3,400 3,600 3,600
805 455 600 600 600
0 0 0 0 25,000
0 0 0 62,000 45,000
43,720 42,020 45,000 48,500 48,500
748,026 741,720 609,500 771,700 871,700
TAXES LEVIED BY CITY
General Property Tax
Municipal Owned Utility
Snow Removal
Weed Cutting
Mobile Home Tax
Pyment in I ii nf Txs
TOTAL TAXES LEVIED
ILICENSES & PERMITS
Heating
Liquor License
Cigarette License
Sundry License
Electric Permits
Building Permits
Plumbing Permits
Flammable Tank Fees
Housing Fees
Code Seals & Planning Fees
Code Enforcement
Weights & Measures
Zoning Ordinances
TOTAL LICENSES & PERMITS
FINES & COSTS
County Court 296,996 277,815 285,000 297,700 297,700
Police Department 428,173 419,786 450,000 379,000 500,000
Penalties 76,323 88,291 89,000 80,200 80,200
TOTAL FINES & COSTS
STATE & COUNTY AIDS
Town Aid - Cable TV
Town Ambulance Aid
Aid to Local Streets
Municipal Services
State Shared Aids
State/Fed Aids-Transportation
State Aids - Fire
Aids-Police
State Computer Credit
Expenditure Restraint
TOTAL STATE & COUNTY AIDS
801,492 785,892 824,000 756,900 877,900
14,200 10,100 10,100 10,600 10,600
71,554 20,614 73,000 73,000 77,100
2,909,903 2,966,375 2,697,500 2,718,300 2,876,600
1,191,433 1,115,138 936,200 936,000 972,600
10,782,702 10,804,564 9,669,300 9,670,700 9,668,300
0 0 0 90,000 12,600
60,381 132,877 123,600 137,900 137,900
277,581 262,447 257,600 337,000 238,800
123,502 111,569 105,000 153,000 125,000
1,202 /998 1,196,054 1,137,100 1,137,100 1,105,800
16,634,254 16,619,738 15,009,400 15,263,600 15,225,300
USE OF MONEY & PROPERTY I
Interest on Investments 363,952 222,513 300,000 250,000 250,000
Interest on Special Assessments 246,092 259,636 261,000 261,000 261,000
Rent 80 610 100 100 100
TOTAL USE OF MONEY & PROPERTY
610,124 482,759 561,100 511,100 511,100
121
ACTUAL ACTUAL BUbGETED ESTIMATED PROPOSE
REVErUES REVENUES REVENUES REVENUES BuDGET
CHARGES FOR CURRENT SERVICES
Police Department Fees
Fire Department Fees
Ambulance Fees
Engineering Fees
Street Services
Electrical Department
Sign Department
Parks Revenues
City Clerk Fees
Community Development CDBG
Community Development - TIF
Community Development - County Aids
Cable Access Fees
CATV Revenue
Property Search
Hazardous Materials
Garbage Fees
TOTAL CHARGES FOR CURRENT SERVICES
109,233 120,599 150,000 165,000 162,500
97,981 88,612 121,400 169,000 208,700
2,209,582 2,365,329 2,160,000 2,450,000 2,615,000
27,222 10,200 25,000 10,000 10,000
51,321 69,986 125,000 70,000 70,000
41,140 39,925 32,000 53,000 40,000
2,523 5,355 3,500 3,500 3,500
17,438 35,604 20,000 26,000 26,000
6,500 6,195 6,500 6,500 6,500
341,951 375,808 190,000 190,000 192,800
0 0 175,000 175,000 226,500
0 0 0 0 60,000
2,920 4,735 3,000 4,500 4,500
677,576 781,251 775,000 795,000 795,000
18,970 17,205 18,000 20,000 20,000
2,374 0 1,500 200 500
23,038 15,670 16,700 20,000 31,500
3,629,769 3,936,474 3,822,600 4,157,700 4,473,000
INTERDEPARTMENTAL REVENUES I
Materials & Labor-Utilities
Supervisor/Admin Labor-Utility
Accounting Services-Utilities
Equipment/Labor Rental - Recycling
Computer Services - Utilities
Water G.O. Bond Abatement
Sewer G.O. Bond Abatement
Storm G.O. Bond Abatement
Parking G.O. Bond Abatement
Ind. Dev. G.O. Bond Abatement
TIF Districts G.O. Bond Abatement
Golf Course G.O. Bond Abatement
Centre G.O. Bond Abatement
Cable TV G.O. Bond Abatement
Build America Bond Credits
TSF From Other Funds
Engineering Fees-Construction
439,946 907,133 425,000 595,000 595,000
288,980 295,444 305,000 292,000 295,000
580,655 518,712 535,000 516,000 516,000
373,667 262,840 360,000 310,000 325,000
158,100 162,800 162,800 162,800 164,400
1,841,088 1,612,130 1,361,300 1,361,300 1,365,600
2,020,703 1,767,581 1,626,600 1,626,600 1,534,000
1,076,743 1,074,118 1,078,900 1 1 078,900 1,047,400
60,603 56,335 54,400 54,400 57,700
457,582 423,847 420,000 420,000 405,500
3,693,977 3,123,563 3,504,800 3 1 504,800 3,751,300
5,999 6,006 6,000 6,000 6,100
271,186 211,917 219,500 219,500 216,400
72,317 69,909 73,100 73,100 6,800
294,161 431,615 433,600 433,600 419,500
0 578,251 0 0 0
1,455,750 1,599,862 1,400,000 1,475,000 850,000
TOTAL INTERDEPARTMENTAL REVENUES 13,091,457 13,102,063 11,966,000 12,129,000 11,555,700
UNCLASSIFIED
Sundry Revenue 203,036 168,968 167,500 125,000 137,500
Bond Proceeds 0 59,336 0 0 0
Appropriation from Debt Service Fund 0 0 350,000 350,000 460,000
TOTAL UNCLASSIFIED 203,036 228,304 517,500 475,000 597,500
ITOTAL REVENUES 65,811,851 66,781,054 64,729,400 65,487,000 66,027,108
122
CITY OF OSHKOSH
2013 LEVY- 2012 TAX RATE
'a
A_ Tilt
PER $1,000 2012 2011 INCREASE
OF TAXES TAX RATE TAX RATE (DECREASE)
State 0.661 % $ 0.171 $ 0.172 $ (0.001)
County 22.766 5.890 5.736 0.154
Area Schools 34.369 8.892 8.640 0.252
Area Vocational 7.661 1.982 1.813 0.169
City Tax . 34.543 8.937 8.796 0.141
100.000 $ 25.872 $ 25.157 $ 0.715
State-Credit 1.257 1.246 0.001
$ 24.615 $ 23.911 $ 0.714
123
CITY OF OSHKOSH
SOURCE OF FUNDS
2013 2012 INCREASE
SOURCE OF FUNDS AMOUNT PER CENT PER CENT (DECREASE)
Property Tax Levy $ 30,604,908 46.35% 46.53% (0.18) %
Other Tax Revenue 1,310,000 1.99% 2.01% (0.02)
State Expenditure Restraint Revenue 1,105,800 1.67% 1.76% (0.09)
State Shared Revenue 9,668,300 14.64% 14.93% (0.29)
Aid to Local Streets 2,876,600 4.36% 4.17% 0.19
Other State & County Aids 1,574,600 2.38% 2.33% 0.05
Licenses, Permits, Fines 1,749,600 2.66% 2.21% 0.45
Interdepartmental Charges 11,555,700 17.50% 18.48% (0.98)
Interest on Investments / Special Assessments 511,100 0.77% 0.87% (0.10)
Miscellaneous Revenue 597,500 0.91% 0.80% 0.11
Charges for Services 4,473,000 6.77% 5.91% 0.86
$66,027,108 100.00% 100.00%
124
CITY OF OSHKOSH
USE OF FUNDS
Senior Services Community
0.44% Development_ Parks
3.42%
Public Works ;.:
11
Debt Services
26 41% General
Government
798%a E
Library, Museum,
Grand Opera WV House
48%
Fire and /
Ambulance /
17.30%
\_Miscellaneous
Transportation]
\_police 3.72%
17.71%
2013 2012 INCREASE
AMOUNT PERCENT PERCENT (DECREASE)
2,262,600 3.42% 3.48% -0.06%
17,435,200 26.41% 26.43% -0.02%
3,217,000 4.87% 5.08% -0.21%
2,156,708 3.27% 0.79% 2.48%
11,694,700 17.71% 17.54% 0.17%
),1 7flfl 710L
/U
Q1O/
.J.L)L/U
root
'.J.J.J/U
11,424,700 17.30% 17.50% -0.20%
5,270,000 .7.98% 8.31% -0.33%
7,490,900 11.35% 12.87% -1.52%
L,iL/,oUU 3.53% 3.36% U.i/Yo
291,800 0.44% 0.83% 0.18%
$66,027,108 100.00% 100.00%
125
USE OF FUNDS
Parks
Debt Services
Library, Museum, GOH
Miscellaneous
Police
n cnn 1% n
I IOhIJ#I taLl..,,.
Fire and Ambulance
General Government
Public Works
Community Development
Senior Services
CITY OF OSHKOSH
2013 BUDGET - USE OF FUNDS BY FUNCTION
Materials & Supplies
4.9_\
r Capital Outlay
\ / 2.42%
Utilities
\ /
3.06%
Contractual Services
- Payroll Direct Labor
8.32%
40.27%
Debt Retirement 1
24.08%
Agency Funds
0.03%
Fixed Charges
1.20% Payroll - Indirect
Labor
15.63%
AMOUNT PERCENT
Payroll - Direct Labor $ 29,157,100 40.27 %
Agency Funds 20,400 0.03
Payroll - Indirect Labor 11,321,600 15.63
Fixed Charges 869,700 1.20
Debt Retirement 17,435,200 24.08
Contractual Services 6,028,000 8.32
Utilities 2,215,100 3.06
Materials & Supplies 3,610,600 4.99
Capital Outlay 1,752,300 2.42
$ 72,410,000 100.00 %
126