HomeMy WebLinkAbout2013CAFR
City of
Oshkosh
ANNUAL FINANCIAL REPORT
Including Auditor’s Report
For the fiscal year ending
December 31, 2013
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
Table of Contents
INTRODUCTORY SECTION Page No.
Letter of Transmittal 1 - 3
Council Members and Principal Officers 4
The City 5 - 8
Oshkosh Unified School District 9
FINANCIAL SECTION
Independent Auditors' Report 10 - 11
Management's Discussion and Analysis 12 - 21
BASIC FINANCIAL STATEMENTS
Government-wide Financial Statements
Statement of Net Position 22
Statement of Activities 23-24
Fund Financial Statements
Balance Sheet - Governmental Funds 25 - 26
Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds 27 - 28
Statement of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual - General Fund 29
Statement of Net Position - Proprietary Funds 30 - 31
Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds 32 - 33
Statement of Cash Flows-Proprietary Funds 34 - 35
Statement of Net Position-Fiduciary Funds 36
Notes to Basic Financial Statements 37 - 60
December 31, 2013
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2013
Page No.
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Other Post Employment Benefit Information 61
SUPPLEMENTARY INFORMATION
Combining Balance Sheet - Nonmajor Governmental Funds 62
Combining Balance Sheet - Nonmajor Special Revenue Funds 63 - 66
Combining Balance Sheet - Nonmajor Capital Project Funds 67 - 71
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Governmental Funds 72
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Special Revenue Funds 73 - 76
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Capital Projects Funds 77 - 81
Combining Statement of Net Position-Nonmajor Other Proprietary Funds 82
Combining Statement of Revenues, Expenses and Changes in Fund Net Position -
Nonmajor Other Proprietary Funds 83
Combining Statement of Cash Flows-Nonmajor Other Proprietary Funds 84 - 85
Combining Statement of Net Position - Internal Service Funds 86
Combining Statement of Revenues, Expenses and Changes in Net Position-
Internal Service Funds 87
Combining Statement of Cash Flows - Internal Service Funds 88
Table of Contents (Continued)
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2013
Page No.
STATISTICAL SECTION
Net Position by Component 89
Changes in Net Position 90 - 91
Fund Balances, Governmental Funds 92
Changes in Fund Balance, Governmental Funds 93
Assessed and Estimated Actual Value of Taxable Property 94
Property Tax Rates - Direct and Overlapping Governments 95
Principal Taxpayers 96
Property Tax Levies and Collections 97
Ratios of Outstanding Debt by Type 98
Ratios of Net General Bonded Debt Outstanding 99
Direct and Overlapping Governmental Activities Debt 100
Legal Debt Margin Information 101
Pledged-Revenue Coverage
Water Revenue Bonds 102
Sewer Revenue Bonds 103
Storm Water Revenue Bonds 104
Demographic and Economic Statistics 105
Principal Employers 106
Full-time Equivalent City Government Employees by Function / Program 107
Economics - Population, Building Permits, and Utility Customers 108
New Dwelling Units Constructed 109
Utility Information 110 - 112
Budgeted Revenues 113 - 114
Operating Budget by Function 115 - 116
Pie Charts -
Levy Rate 117
Source of Funds (Where the Money Comes From)118
Use of Funds (Where the Money Goes)119
Use of Funds by Function (How the Money Goes)120
Table of Contents (Continued)
INTRODUCTORY SECTION
CITY HALL
2 15 Church Avenue
P.O. Box 11 30
Oshkosh. Wisconsin
54903-1130
~
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City of Oshkos h
Honorable Mayor and Council Members,
City of Oshkosh:
September 10, 2014
The Annual Financial Report of the City of Oshkosh , Wiscons in, for the fiscal year ended
December 31 , 2013 , 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 w ith the City. We bel ieve the
data as presented is accurate in all material respects ; that it is presented in a manner designed
to fairly set forth the financial activ it ies 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 include d.
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 ava ilable 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 regard ing:
1) the safeg uarding of assets against loss from unauthorized use or disposition and
2) the reliability of financial records for prepar ing financial statements and maintaining
accountability for assets.
The concept of reasonable assurance recogn izes that:
1) the cost of a cont rol should not exceed the benefits li kely to be der ived and
2) the evaluat ion of costs and benefits requires estimates and judgment by
management.
1
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. Open encumbrances are reported as reservations of fund
balance as of December 31, 2013.
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 2013 was:
AMOUNT
RATIO OF DEBT TO
EQUALIZED VALUE DEBT PER CAPITA
Direct Bonded Debt $141,394,927 3.76% $2,121.36
Outstanding general obligation bonds at December 31, 2013 totaled $141,394,927 of
which $80,222 were issued for Parking Utility, $11,388,009 for Sewer Utility, $8,780,592 for
Water Utility, $2,540,000 for Industrial Park Fund, $440,337 for Transit System, $19,109 for
Golf Course, $1,380,000 for Oshkosh Center, and $8,905,100 for Storm Water Utility.
On December 4, 2013, $9,080,000 of General Obligation Corporate Purpose Bonds and
$1,690,000 of General Obligation Promissory Notes were sold at a net true interest rate of
3.5929%, and 2.3194% respectively.
Assessed valuation of $3,760,872,300 represented an increase of 0.58% from the
preceding year.
The City’s investment rating by Moody’s Investors Service as of December 31, 2013 was
an Aa2 rating. On March 5, 2014, Moody’s downgraded the City’s rating to a Aa3.
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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
manner.
Respectfully submitted,
CITY OF OSHKOSH
~~~~4L--
MARK A. ROHLOFF, City Manager
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TARA J. WENDT, Assistant Director of Finance
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3
CITY OF OSHKOSH
COUNCIL MEMBERS AND PRINCIPAL OFFICERS
COUNCIL MEMBERS
Burk Tower, Mayor
Steve Herman, Deputy Mayor
Steve Cummings
Thomas R. Pech Jr.
Debra Allison-Aasby
Sean Fitzgerald
Kyle Clark
PRINCIPAL OFFICERS
Mark A. Rohloff, City Manager
Director of Finance (position vacant at December 31, 2013)
Tara J. Wendt, Assistant Director of Finance
ORGANIZATION CHART
City Council
&
Mayor
City
Manager
Director of
Finance
Assistant Director
of Finance
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THE CITY
The City is a political subdivision of the State incorporated in 1853, is the County
seat of Winnebago County, and is located on the western shore of Lake Winnebago in
the Fox River Valley 173 miles north of the City of Chicago, Illinois, and 275 miles east
of the cities of Minneapolis and St. Paul, Minnesota. The corporate limits of the City
encompass approximately 24.24 square miles and the population is currently 66,653.
THE CITY COUNCIL
The City Council is the legislative and policy making body of the City and is
composed of seven Council Members, who are elected at large for two-year terms. The
Mayor presides over Council meetings. The Deputy Mayor presides at Council meetings
in the Mayor’s absence. The responsibilities of the City Council include: (i) enacting
ordinances, resolutions and orders necessary for the proper governing of the City’s
affairs; (ii) reviewing and adopting the annual budget; (iii) reviewing and deciding on
recommendations from various boards and commissions; (iv) establishing policies and
measures to promote the general welfare of the City and safety and health of its citizens;
and (v) representing the City at official functions with other governmental agencies and
organizations. The present members of the City Council and the expiration of their
respective terms of office are as follows:
Name Title
Expiration
of Term
Burk Tower Mayor 2015
Steven Herman Deputy Mayor 2014
Steve Cummings Council Member 2014
Debra Allison-Aasby Council Member 2015
Thomas R. Pech, Jr. Council Member 2015
Sean Fitzgerald Council Member 2015
Kyle Clark 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 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. Mr. Tower received an undergraduate
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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 six grandchildren.
The City Manager, Mark A. Rohloff, is the Chief Executive Officer for the City of
Oshkosh and is responsible for planning, organizing, and directing the activities of the
municipality by interpreting the City Council determined policy, coordinating
departmental efforts, handling citizen inquiry and complaints, screening and preparing
agenda materials, and recommending legislation and policy matters. City Manager
Rohloff has over 25 years of experience in local government management. Mark’s
background has included areas as diverse as public works, economic development,
public finance, organizational development, and long range planning.
Prior to coming to Oshkosh, Mr. Rohloff was Town Administrator for Grand
Chute, Wisconsin; City Administrator Berlin, Wisconsin; Assistant City Manager of
Rancho Palos Verdes, California; Senior Budget Analyst for Long Beach, California; and
Management Assistant in Fort Collins, Colorado. He received his Bachelors Degree in
Urban Affairs and Certificate in Business Administration from Saint Louis University, and
has Master of Public Administration from the University of Kansas.
The Director of Finance/Treasurer is responsible for the following divisions:
Finance, Collections, Accounting, Parking, and Water/Sewer/Storm Water Utilities.
Assists the City Manager in preparing the City Budget and is responsible for the
administration of budgeted funds. This position was vacant at December 31, 2013.
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.
6
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
providing service over nine fixed-routes in the City of Oshkosh. An additional intercity
route provides service between Oshkosh and Neenah, WI. The intercity route is
provided by a contractor. The buses travel over 550,000 miles annually. The transit
system also provides four paratransit programs for the community through a service
contract. In total, over 1 million rides are provided each year. A seven-member Transit
Advisory Board and the Oshkosh Common council govern the activities of GO Transit.
PARKING UTILITY – The Parking Utility operates nineteen off-street parking lots,
containing 1,554 parking stalls. There are seventeen off-street parking lots in the central
business district and two off-street lots in the Oregon Street business area. 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.
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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
6.137 MGD in 2013. 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 2013 average daily flow was 12.47 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 511 full-time, 50 part-time, and 39 seasonal
employees. Of which 14 are officials or administrators, 41 are supervisors/managers,
198 are involved in protective services. Certain groups of employees of the City,
including Fire, Police, and Transit Utility are organized into labor unions for purposes of
conducting collective bargaining with the City. The contracts are in effect through 2014.
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.
Employees contribute the employees’ share of the WRS contribution. The City’s total
contribution to the Retirement Fund was $3,787,859.02 for the year ended December
31, 2013, which includes prior service costs.
In addition to the above referenced retirement fund, the State administers a plan
for nine 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, 2013 was $58,183.67.
8
OSHKOSH UNIFIED SCHOOL DISTRICT
In 1982, new legislation in the State provided for the separation of school districts, as a
separate legal entity, from the City. As a result, the former Area School District is now known as
the Oshkosh Unified School District. The District includes the City of Oshkosh and the
surrounding territory and encompasses an area of approximately 111 square miles. With
respect to equalized values for the year 2013, 73.06% 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, six middle schools that include one charter middle
school, and fifteen elementary schools, which includes two charter elementary schools.
The District has approximately 1,309 employees, both certified and non-certified.
The current enrollment has decreased by approximately 2.87% since the 2004-2013
school terms. The enrollment for the Unified School District for the past ten years is as follows:
Year Enrollment
2013/14 10,008
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
In addition to Unified School District operated schools, there are nine private and
parochial schools (kindergarten through grade 12). There are approximately 1,450 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 917
full-time equivalent students. The actual head count of students served is 5,183.
9
FINANCIAL SECTION
INDEPENDENT AUDITORS ’ REPORT
CPA s AND SO MUCH MORE .
INDEPENDENT AUDITORS' REPORT
To the Common Council
City of Oshkosh
Oshkosh, Wisconsin
Report on the Financial Statements
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, 2013, 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 m isstatement.
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 auditors consider internal control relevant to the City's prep aration 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 th e City's internal control. Accordingly, w e 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.
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Ap pl et o n • Fo nd du Lac • Green Bay • M ani towoc • Mi lwaukee • Osh ko s h • Sheboyga n • St evens Point • Wau sa u
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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, 2013, 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.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's
discussion and analysis and the schedule of other post-employment benefit plan 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 is presented for purposes of additional analysis and is 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 July 28, 2014 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.
s cfL. J2,. > C-
Certified Public Accountants
Green Bay, Wisconsin
July 28, 2014
11
MANAGEMENT ’S DISCUSSION AND ANALYSIS
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2013
12
As management of the City of Oshkosh, we offer readers of the City’s basic financial statements this
narrative overview and analysis of the financial activities of the City for the fiscal year ended
December 31, 2013. 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, 2013 and 2012 by $67,315,323 and $59,488,552 (net position),
respectively. Of this amount, $10,845,337 and $9,703,942 (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 $7,826,771 and $4,201,273, respectively.
Several factors contributed to the overall changes.
• The property tax rate rose 1.6% and 2.2%, respectively, per $1,000 of property value for the years
ended December 31, 2013 and 2012, respectively.
• As of December 31, 2013 and 2012, the City’s governmental funds reported combined ending fund
balances of $55,451,773 and $50,008,773, an increase of $5,443,000 for 2013 and an increase of
$5,635,361 for 2012. Approximately 21% and 20% of this total amount, $11,887,883 and
$10,053,944 is available for spending at the City’s discretion (assigned and unassigned fund
balance), respectively.
• As of December 31, 2013 and 2012, unassigned fund balance for the general fund was $8,262,154
and $8,820,427, or approximately 20% and 21% of total general fund expenditures, respectively.
• The City’s total general-obligation debt increased by $3,535,675 (2.6%) during 2013. The key factor
in this increase was the issuance of $16,054,100 of general obligation debt and $12,518,425 of
principal payments of general obligation debt.
• 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.
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 government-wide statements are made up of the statement of net position and the
statement of activities.
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.)
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2013
13
Both of the government-wide financial statements distinguish functions of the City that are principally
supported by taxes and intergovernmental revenues (governmental activities) from other functions that
are intended to recover all or a significant portion of their costs through user fees and charges (business-
type activities). The governmental activities of the City include: general government, public safety, public
works, health and welfare, parks and recreation, transportation, 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 64 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 61 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.
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 8 individual enterprise funds. Internal service funds are an accounting
device used to accumulate and allocate costs internally among the City’s various functions. The City
maintains four individual internal service funds. Because these services predominantly benefit
governmental rather than business-type functions, they have been included within governmental activities
in the government-wide financial statements.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2013
14
Proprietary funds provide the same type of information as the government-wide financial statements, only
in more detail. The proprietary fund financial statements provide separate information for the transit,
water utility, sewer utility, and storm water utility, all of which are considered to be major funds of the City.
Data from the other 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
$222,208,578 and $207,131,709 at the close of 2013 and 2012, respectively.
Governmental Business-type
Activities Activities Total
2013 2013 2013
Current and other assets 118,852,204$ 52,357,345$ 171,209,549$
Capital assets 127,191,047 257,472,202 384,663,249
Total assets 246,043,251 309,829,547 555,872,798
Long-term liabilities outstanding 126,265,508 150,844,211 277,109,719
Other liabilities 13,055,768 3,425,328 16,481,096
Total liabilities 139,321,276 154,269,539 293,590,815
Deferred inflows of resources 39,406,652 666,753 40,073,405
Net position:
Net investment in capital assets 19,329,489 123,557,519 142,887,008
Restricted 37,140,497 9,929,194 47,069,691
Unrestricted 10,845,337 21,406,542 32,251,879
Total net position 67,315,323$ 154,893,255$ 222,208,578$
City of Oshkosh's Net Position
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2013
15
Governmental Business-type
Activities Activities Total
2012 2012 2012
Current and other assets 108,706,477$ 52,616,120$ 161,322,597$
Capital assets 120,275,617 241,420,836 361,696,453
Total assets 228,982,094 294,036,956 523,019,050
Long-term liabilities outstanding 117,978,145 138,033,681 256,011,826
Other liabilities 13,615,959 7,564,369 21,180,328
Total liabilities 131,594,104 145,598,050 277,192,154
Deferred inflows of resources 37,899,438 795,749 38,695,187
Net position:
Net investment in capital assets 19,419,962 119,805,631 139,225,593
Restricted 30,364,648 - 30,364,648
Unrestricted 9,703,942 27,837,526 37,541,468
Total net position 59,488,552$ 147,643,157$ 207,131,709$
City of Oshkosh's Net Position
By far the largest portion of the City’s net position (64%) and (67%), 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 (21%) and (15%), respectively, represents resources that
are subject to external restrictions on how they may be used. The remaining balance of unrestricted net
position ($32,251,879) and ($37,541,468), respectively, may be used to meet the City’s ongoing
obligations to citizens and creditors.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2013
16
Change in net position. Governmental activities increased the City’s net position by $7,826,771 in 2013
and by $4,201,273 in 2012. Business-type activities increased the City’s net position by $7,250,098 in
2013 and by $5,135,175 in 2012. Total net position of the City increased in 2013 by $15,076,869 and in
2012 by $9,336,448. Key elements of this change are as follows:
Governmental Business-type
Activities Activities Total
2013 2013 2013
Revenues:
Program revenues:
Charges for services 12,205,064$ 31,507,447$ 43,712,511$
Operating grants and contributions 6,416,634 3,969,073 10,385,707
Capital grants and contributions 8,017,626 2,687,333 10,704,959
General revenues
Property and other taxes 38,341,446 795,749 39,137,195
Grants and contributions not restricted to
specific programs 12,646,485 - 12,646,485
Other 1,586,873 142,133 1,729,006
Total revenues 79,214,128 39,101,735 118,315,863
Expenses:
General government 5,893,042 - 5,893,042
Public safety 25,456,071 - 25,456,071
Public works 15,853,312 - 15,853,312
Health and welfare 942,236 - 942,236
Park and recreation 8,332,592 - 8,332,592
Transportation 762,341 - 762,341
Community development 10,149,353 - 10,149,353
Unclassified 793,442 - 793,442
Interest of long-term debt 4,101,721 - 4,101,721
Transit utility - 4,959,664 4,959,664
Water utility - 9,836,700 9,836,700
Sewer utility - 9,276,937 9,276,937
Storm water utility - 4,807,660 4,807,660
Other - 2,073,923 2,073,923
Total expenses 72,284,110 30,954,884 103,238,994
Transfers 896,753 (896,753) -
Total expenses and transfers 71,387,357 31,851,637 103,238,994
Change in net position 7,826,771 7,250,098 15,076,869
Net position - January 1, 2013 59,488,552 147,643,157 207,131,709
Net position - December 31, 2013 67,315,323$ 154,893,255$ 222,208,578$
City of Oshkosh's Change in Net Position
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2013
17
Governmental Business-type
Activities Activities Total
2012 2012 2012
Revenues:
Program revenues:
Charges for services 12,128,110$ 30,827,766$ 42,955,876$
Operating grants and contributions 6,509,866 3,016,504 9,526,370
Capital grants and contributions 2,628,797 2,131,530 4,760,327
General revenues
Property and other taxes 37,323,849 817,657 38,141,506
Grants and contributions not restricted to
specific programs 12,667,257 - 12,667,257
Other 935,714 197,968 1,133,682
Total revenues 72,193,593 36,991,425 109,185,018
Expenses:
General government 7,153,206 - 7,153,206
Public safety 25,890,300 - 25,890,300
Public works 18,613,846 - 18,613,846
Health and welfare 1,574,357 - 1,574,357
Park and recreation 9,216,781 - 9,216,781
Transportation 743,613 - 743,613
Community development 2,758,184 - 2,758,184
Unclassified 776,758 - 776,758
Interest of long-term debt 2,603,084 - 2,603,084
Transit utility - 4,860,183 4,860,183
Water utility - 10,557,966 10,557,966
Sewer utility - 9,195,795 9,195,795
Storm water utility - 3,915,332 3,915,332
Other - 1,989,165 1,989,165
Total expenses 69,330,129 30,518,441 99,848,570
Transfers 1,337,809 (1,337,809) -
Total expenses and transfers 67,992,320 31,856,250 99,848,570
Increase in net position 4,201,273 5,135,175 9,336,448
Net position - January 1, 2012 55,287,279 143,213,136 198,500,415
Prior period adjustment - (705,154) (705,154)
Net position - January 1, 2012, restated 55,287,279 142,507,982 197,795,261
Net position - December 31, 2012 59,488,552$ 147,643,157$ 207,131,709$
City of Oshkosh's Change in Net Position
• Property and other taxes increased by $995,689 (2.6%) in 2013 and increased by $1,191,955 (3.2%)
in 2012.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2013
18
Financial Analysis of the City’s Funds
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-
related legal requirements.
Governmental funds. The focus of the City’s governmental funds is to provide information on near-term
inflows, outflows, and balances of spendable resources. Such information is useful in assessing the
City’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of
the City’s net resources available for spending at the end of the fiscal year.
As of December 31, 2013 and 2012, the City’s governmental funds reported combined ending fund
balances of $55,451,773 and $50,008,773, an increase of $5,443,000 in 2013 and an increase of
$5,635,561 in 2012. Of the total fund balance, $1,185,196 and $404,518 constitutes unassigned fund
balance, which is available for spending at the City’s discretion. The remainder of fund balance is
nonspendable, restricted, committed or assigned to indicate that it is not available for new spending
because it has already been committed as follows:
2013 2012
Nonspendable
Inventories and prepaid items 13,477$ 63,560$
Receivables from other funds 6,082,872 9,023,957
Total nonspendable 6,096,349$ 9,087,517$
Restricted for
Construction of assets 22,344,280$ 15,864,698$
Debt service 3,398,285 3,843,324
Special purposes 3,121,059 2,954,583
Trust agreements 8,276,873 7,702,043
Total restricted 37,140,497$ 30,364,648$
Committed to
Special purposes 327,044$ 199,313$
Assigned to
Construction of assets 10,610,710$ 9,450,113$
Subsequent year's budget 91,977 502,664
Total assigned 10,702,687$ 9,952,777$
City of Oshkosh's Governmental Fund Balances
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 2013 and 2012, unassigned fund
balance of the general fund was $8,262,154 and $8,820,427, respectively, while total fund balance
reached $8,847,799 and $9,386,651, respectively. As a measure of the general fund’s liquidity, it may be
useful to compare both unassigned fund balance to total fund expenditures. Unassigned fund balance
represents 20% and 21% of total general fund expenditures.
The fund balance of the City’s general fund decreased by $538,852 in 2013 and decreased by $321,455
in 2012.
The debt service fund has a total fund balance of $1,766,431 and $1,598,474, an increase of $167,957 in
2013 and an increase of $720,435 in 2012.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2013
19
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 2013 and 2012 amounted to
$21,406,542 and $27,837,526, respectively. Net position increased $7,250,098 in 2013 and $4,430,021
in 2012.
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 2013 and 2012, actual revenues exceeded budgeted revenues by $898,382 and $1,709,057,
respectively, primarily in charges for services. Actual expenditures were more than budgeted
expenditures by $57,242 in 2013 and were less than budgeted expenditures by $45,734 in 2012, but this
was offset by other financing sources being over budget by $140,932 in 2013 and over budget by
$422,393 in 2012.
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, 2013 and 2012, amounted to $384,663,249 and $361,696,453 (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 $22,966,796 or 6% for 2013 and
increased by $22,506,569 or 7% for 2012.
Major capital asset acquired or constructed during the years ended 2013 and 2012 include:
• The governmental activities include constructed streets in the amount of $3,018,245 and $7,090,196,
purchased land in the amount of $0 and $194,992, vehicles in the amount of $633,778 and
$3,545,653, and building improvements and contents in the amount of $134,223 and $1,964,241,
respectively.
• The business-type activities purchased additional land and improvements in the amount of $0 and
$622,375, and improvements to water, sewer and storm water utilities in the amount of $33,570,151
and $30,645,351, respectively.
Governmental Business-type
Activities Activities Total
2013 2013 2013
Land 18,375,569$ 9,233,466$ 27,609,035$
Construction in progress 7,399,325 14,215,055 21,614,380
Buildings and systems 33,515,605 221,836,974 255,352,579
Machinery and equipment 24,960,534 12,186,707 37,147,241
Infrastructure 42,940,014 - 42,940,014
Total 127,191,047$ 257,472,202$ 384,663,249$
City of Oshkosh's Capital Assets
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2013
20
Governmental Business-type
Activities Activities Total
2012 2012 2012
Land 17,766,710$ 9,233,466$ 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 40,072,476 - 40,072,476
Total 120,275,617$ 241,420,836$ 361,696,453$
City of Oshkosh's Capital Assets
Long-term debt. At the end of 2013 and 2012, the City had total bonded debt outstanding of
$257,992,738 and $238,262,346, respectively. Of this amount, $141,394,927 and $137,859,252,
respectively, comprises debt backed by the full faith and credit of the government. The remainder of the
City’s debt represents bonds secured solely by specified revenue sources (i.e., revenue bonds).
Governmental Business-type
Activities Activities Total
2013 2013 2013
General obligations debt:
Bonds and notes 107,861,558$ 33,533,369$ 141,394,927$
Total general obligation debt 107,861,558 33,533,369 141,394,927
Revenue bonds - 116,597,811 116,597,811
Total 107,861,558$ 150,131,180$ 257,992,738$
City of Oshkosh's Outstanding Debt
Governmental Business-type
Activities Activities Total
2012 2012 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
The City’s total debt increased by $19,730,392 (8.3%) in 2013 and by $16,596,808 (7.5%) in 2012.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2013
21
The City maintains an Aa2 rating from Moody’s Investors Service for its general obligation debt as of
December 31, 2013. On March 5, 2014, Moody’s downgraded the City’s rating on general obligation debt
to Aa3.
State statutes limit the amount of general obligation debt the City may issue to 5% of its total equalized
valuation. The debt limitation for 2013 and 2012 for the City was $187,963,475 and $188,130,055,
respectively, which is significantly in excess of the City’s $141,394,927 and $137,859,252 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 2014 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 Tara J. Wendt, Assistant Director of
Finance, City of Oshkosh, P. O. Box 1130, Oshkosh, Wisconsin 54903-1130.
BASIC FINANCIAL STATEMENTS
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
CITY OF OSHKOSH, WISCONSIN
Statement of Net Position
December 31, 2013
Primary Government
Governmental I Business-type I
Activities Activities
$ 57,028,800 $ 14,500,087
3,806,540 10,176,929
39,442,475 666,753
10,243,781
3,886,364
4,430,767 (4,430,767)
367,081
6,664,629
13,477 804,278
23,605,691
25,774,894 23,448,521
101,416,153 234,023,681
2,664
246,043,251 309,829,547
4,280,393 1,063,771
2,885,970
539,111 2,255,192
3,801,005 82,760
157,899 2,205
1,391,390 21,400
9,677,495 11,456,727
116,588,013 139,387,484
139,321 ,276 154,269,539
39,406,652 666,753
19,329,489 123,557,519
22,344,280 1,971,566
3,398,285 7,957,628
3,121,059
8,276,873
10,845,337 21,406,542
$ 67,315,323 $ 154,893,255
The notes to the basic financial statements are an integral part of this statement.
22
Component Unit
Redevelopment
Total Authority
$ 71,528,887 $ 548,085
13,983,469
40,109,228
10,243,781
3,886,364
367,081
6,664,629
817,755
23,605,691 636,000
49,223,415 17,720,778
335,439,834
2,664
555,872,798 18,904,863
5,344,164
2,885,970
2,794,303
3,883,765
160,104
1,412,790
21,134,222
255,975,497 6,360,000
293,590,815 6,360,000
40,073,405
142,887,008 11,360,778
24,315,846
11,355,913 636,000
3,121,059
8,276,873
32,251,879 548,085
$ 222,208,578 $ 12,544,863
Functions/Programs
Primary government:
Governmental Activities
General government
Public safety
Public works
Health and welfare
Parks and recreation
Transporlation
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 aulhority
CITY OF OSHKOSH, WISCONSIN
Statement of Activities
For the Year Ended December 31, 2013
Prooram Revenues
Operating Capital
Charges for Grants and Grants and
Exoenses Services Contributions Contributions
$ 5,893,042 $ 1,459,590 $ $ 4,073
25,456,071 3,443,014 486,811 27,228
15,853,312 4,286,794 3,391,054 7,986,325
942,236 153,459 166,630
8,332,592 1,544,164 262,264
762,341 63,496
10,149,353 1,254,547 2,109,875
793,442
4 101 721
72,284,110 12,205,064 6,416,634 8,017,626
4,959,664 1,163,321 3,022,127 656,133
9,836,700 12,100,460 337,611
9,276,937 10,080,804 954,776
4,807,660 6,076,752 946,946 738,813
2 073 923 2 086110
30 954,884 31,507,447 3,969,073 2 687,333
103 238 994 43712511 10 385 707 10 704 959
~ 1,137,014 ~ ~ ~
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 posilion
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 ChanQes in Net Position
Component
Primary Government Unit
Governmental Business-type Redevelopment
Activities Activities Total Authority
$ (4,429,379) $ $ (4,429,379) $
(21 ,499,018) (21 ,499,018)
(189,139) (189,139)
(622,147) (622,147}
(6,526,164) (6,526,164)
(698,845) (698,845)
(6, 784,931) (6,784,931)
(793,442) (793,442)
(4,101.721) (4, 101 ,721)
( 45,644, 786) (45,644,786)
(118,083) (118,083)
2,601,371 2,601,371
1,758,643 1,758,643
2,954,851 2,954,851
12,187 12 187
7 208 969 7,208 969
(45,644,786) 7,208,969 (38,435,817)
(1,137,014)
7,437,835 795,749 8,233,584
17,015,651 17,015,651
13,572,837 13,572,837
315,123 315,123
12,646,485 12,646,485
1,007,079 93,869 1,100,948 563
32,594 48,264 80,858
547,200 547,200 16,989
896,753 (896,753)
53 471 557 41,129 53,512 686 17 552
7,826,771 7,250,098 15,076,869 (1,119,462)
59,488,552 147,643,157 207,131,709 13,664,325
~ 67,315,323 ~ 154,893,255 ~ 222,208,578 ~ 12,544,863
24
ASSETS
Cash and investments
Receivables
Taxes
Special assessments
Accounts, net
Loans
Due from other funds
Advance to other funds
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
Advance from other funds
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
CITY OF OSHKOSH, WISCONSIN
Balance Sheet
Governmental Funds
December31, 2013
Debt
General Service
$ 5,821,519 $ 1 ,695,199
6,604,023 17,637,047
364,338
2,647,397 71,232
2,774,867
13,477
§ 18,225,621 ~ 19,403,478
$ 378,901 $
2,085,970
310,922
32,375
1,454
2,809,622
6,568,200 17,637,047
6,568,200 17,637,047
13,477
480,191
1,766,431
91,977
8,262,154
8,847,799 1,766,431
$ 18,225,621 $ 19,403,478
The notes to the basic financial statements are an integral part of this statement.
25
Special Other Total
Assessment Governmental Governmental
Improvement Funds Funds
$ $ 46,927,472 $ 54,444,190
15,181,005 39,422,075
9,879,443 10,243,781
1,063,773 3,782,402
3,886,364 3,886,364
2,799,147 5,574,014
5,602,681 5,602,681
13,477
§ 9,879,443 ~ 75,460,442 § 122,968,984
$ 6,000 $ 3,861,936 $ 4,246,837
2,085,970
68,209 764,116 1,143,247
3,801,005 3,801,005
125,524 157,899
1,238,592 151,344 1,391,390
3,883,460 1,719,221 5,602,681
5,196,261 10,423,146 18,429,029
15,181,005 39,386,252
9,701,930 9,701,930
9,701,930 15,181,005 49,088,182
13,477
5,602,681 6,082,872
22,344,280 22,344,280
1,631,854 3,398,285
3,121,059 3,121,059
8,276,873 8,276,873
327,044 327,044
10,610,710 10,610,710
91,977
(5,018,748) (2,058,210) 1 '185, 196
(5,018,748) 49,856,291 55,451,773
$ 9,879,443 $ 75,460,442 $ 122,968,984
CITY OF OSHKOSH, WISCONSIN
Balance Sheet (Continued)
Governmental Funds
December 31, 2013
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:
Bonds and notes payable
Unfunded pension liability
Employee benefits
Accrued interest on long-term obligations
Net Position of Governmental Activities
The notes to the basic financial statements are an integral part of this statement.
26
$ (107,861 ,558)
( 1 0,513,576)
(7,890,374)
$ 55,451 '773
127,191,047
9,701,930
1,775,192
(539,111) (126,804,619)
$ 67,315,323
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balances
Governmental Funds
For the Year Ended December 31, 2013
Special Other
Debt Assessment Governmental
General Service Improvement Funds
Revenues
Taxes $ 6,635,158 $ 17,015,651 $ $ 14,536,179
Special assessments 3,823,362 134,Q58
Intergovernmental 15,276,828 2,902,679
Licenses and permits 1,689,713 516
Fines and forfeits 814,534
Public charges for services 3,414,432 2,309,171
Intergovernmental charges for services 3,313,954
Miscellaneous 752,Q63 21,226 2,523,925
Total Revenues 31,896,682 17,036,877 3,823,362 22,406,528
Expenditures
Current
General government 5,718,541
Public safety 24,040,523 139,999
Public works 7,183,049 2,066,499
Health and welfare 423,057
Parks and recreation 1,954,178 5,680,582
Transportation 677,682
Community development 1,708,656 4,597,054
Unclassified 773,537
Debt service
Principal 6,155,562 2,892,635
Interest and fiscal charges 143,444 2,090,214 1,088,407
Capital outlay 1,058,258 18,370,138
Total Expenditures 42,199,610 8,245,776 1,058,258 35,258,371
Excess of Revenues Over (Under)
Expenditures (10,302,928) 8,791,101 2,765,104 (12,851,843)
Other Financing Sources (Uses)
Long-term debt issued 134,100 15,920,000
Transfers in 9,629,976 2,028,788
Transfers out (8,623,144) (2,048,154)
Total Other Financing Sources (Uses) 9,764,076 (8,623,144) 15,900,634
Net Change in Fund Balances (538,852) 167,957 2,765,104 3,048,791
Fund Balances (Deficit)-January 1 9,386,651 1,598,474 (7,783,852) 46,807,500
Fund Balances (Deficit)-December 31 $ 8,847,799 $ 1,766.431 $ (5,018, 7 48) $ 49,856,291
The notes to the basic financial statements are an integral part of this statement.
27
Total
Governmental
Funds
$ 38,186,988
3,957,420
18,179,507
1,690,229
814,534
5,723,603
3,313,954
3,297,214
75,163,449
5,718,541
24,180,522
9,249,548
423,057
7,634,760
677,682
6,305,710
773,537
9,048,197
3,322,065
19,428,396
86,762,015
(11,598,566)
16,054,100
11,658,764
(10,671,298)
17,041,566
5,443,000
50,008,773
$ 55.451.773
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balances (Continued)
Governmental Funds
For the Year Ended December 31, 2013
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 increased by:
Change in Net Position of Governmental Activities
The notes to the basic financial statements are an integral part of this statement.
28
$ 15,729,542
{8,814, 112)
$ 5,443,000
6,915,430
(192,570)
4,021,778
(1 ,281 ,460)
(16,054,100)
9,048,197
(73,504)
$ 7.826,771
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balance
Budget and Actual
General Fund
For the Year Ended December 31, 2013
Budgeted Amounts
Original I Final Actual
Revenues
Taxes $ 6,163,600 $ 6,163,600 $ 6,635,158
Intergovernmental 15,285,300 15,285,300 15,276,828
Licenses and permits 1,637,200 1,637,200 1,689,713
Fines and forfeits 797,700 797,700 814,534
Public charges for services 3,207,200 3,207,200 3,414,432
Intergovernmental charges for services 3,164,700 3,164,700 3,313,954
Miscellaneous 742,600 742,600 752,063
Total Revenues 30,998,300 30,998,300 31,896,682
Expenditures
Current
General government 5,270,000 5,230,248 5,718,541
Public safety 23,119,400 23,930,730 24,040,523
Public works 7,086,200 7,183,055 7,183,049
Parks and recreation 1,905,500 1,920,291 1,954,178
Transportation 672,000 677,680 677,682
Community development 2,327,800 2,246,956 1,708,656
Unclassified 887,700 953,408 773,537
Debt service
Interest and fiscal charges 143,444
Total Expenditures 41,268,600 42,142,368 42,199,610
Excess of Revenues Over (Under) Expenditures (10,270,300) (11 '144,068) (10,302,928)
Other Financing Sources
Long-term debt issued 134,100
Transfers in 9,623,144 9,623,144 9,629,976
Total Other Financing Sources 9,623,144 9,623,144 9,764,076
Net Change in Fund Balance (647, 156) (1 ,520,924) (538,852)
Fund Balance -January 1 9,386,651 9,386,651 9,386,651
Fund Balance-December 31 $ 8,739,495 $ 7,865,727 $ 8,847,799
The notes to the basic financial statements are an integral part of this statement.
29
Variance with
Final Budget -
Positive
(Negative)
$ 471,558
(8,472)
52,513
16,834
207,232
149,254
9,463
898,382
(488,293)
(109,793)
6
(33,887)
(2)
538,300
179,871
(143,444)
(57,242)
841 '140
134,100
6,832
140,932
982,072
$ 982,072
THIS PAGE INTENTIONALLY LEFT BLANK
ASSETS
Current Assets
Cash and investments
Receivables
Accounts
Taxes
Due from other funds
Due from other governments
Property held for resale
Inventories and prepaid items
Total Current Assets
Restricted Assets
Cash and investments
Interest receivable
Total Restricted Assets
Capital Assets
Land and construction in progress
CITY OF OSHKOSH, WISCONSIN
Statement of Net Position
Proprietary Funds
December 31, 2013
Transit
Utility
$ 1,353,732
401,807
666,753
322,081
147 068
2 891 441
367,811
Other capital assets, net of accumulated
depreciation 3,033,824
Total Capital Assets, net 3 401 635
TOTAL ASSETS 6,293,076
LIABILITIES
Current Liabilities
Accounts payable 140,953
Accrued expenses 894
Due to other funds
Due to other governments 82,760
Unearned revenues 2,205
Deposits
Current portion of long-term obligations 59 658
Total Current Liabilities 286,470
Noncurrent Liabilities
Employee benefits 187,123
Long-term debt 380,679
Total Noncurrent Liabilities 567,802
TOTAL LIABILITIES 854 272
DEFERRED INFLOWS OF RESOURCES
Property taxes 666 753
NET POSITION
Net investment in capital assets 2,961,298
Restricted
Debt service
Capital improvements
Unrestricted 1,810,753
TOTAL NET POSITION $ 4,772,051
The notes to the basic financial statements are an integral part of this statement.
30
Enterprise Funds
Water Sewer
Utility Utility
$ 5,687,077 $ 4,784,094
3,808,211 3,549,364
968,631 267,120
632 998 23 532
11 096 917 8 624110
8,001,973 8,491,655
1,256 823
8 003 229 8 492 478
2,896,439 2,863,613
88,107,741 75,670,891
91 004 180 78 534 504
110,104,326 95,651,092
314,271 289,773
1,584,825 165,876
566,257 929,144
3,000 13,400
4,490 735 3 910 020
6,959,088 5,308,213
282,289 193,356
50,880,794 33,874,863
51,163,083 34,068,219
58 122 171 39 376 432
40,888,520 45,570,461
2,608,782 1,836,571
137,322 1,834,244
8,347,531 7,033,384
~ 51,982,155 ~ 56,274,660
Enter rise Funds {Continued)
Nonmajor Internal
Storm Water Enterprise Service
Utilitv Funds Total Funds
$ 2,614,337 $ 60,847 $ 14,500,087 $ 2,584,610
2,025,590 391,957 10,176,929 24,138
666,753 20,400
120,650 1,356,401
45,000 367,081
6,664,629 6,664,629
680 804 278
4,806,257 7,117,433 34,536,158 2,629,148
7,112,063 23,605,691
585 2 664
7112 648 23 608,355
11,425,385 5,895,273 23,448,521
59 838 974 7 372 251 234 023,681
71 264 359 13 267 524 257 472 202
83,183,264 20,384,957 315,616,715 2,629,148
108,296 210,478 1,063,771 33,556
490,750 12,847 2,255,192 800,000
1,738,839 2,552,928 5,787,168
82,760
2,205
5,000 21,400
16,208 34,055 713,031
50 102 086 3 436,031 138 674 453
50118 294 3 470 086 139 387 484
54,869,193 6,834,639 160,056,707 833,556
666 753 20 400
22,349,047 11,788,193 123,557,519
3,512,275 7,957,628
1,971,566
2 452 749 1 762 125 21 406 542 1 775 192
~ 28,314,071 ~ 13,550,318 ~ 154,893,255 ~ 1,775,192
31
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenses and Changes in Net Position
Proprietary Funds
For the Year Ended December 31, 2013
Enterprise Funds
Transit Water
Utility Utility
Operating Revenues
Taxes $ $
Fines, forfeitures and penalties
Intergovernmental charges for services
Public charges for services 931,893 11,861,254
Other revenues 231,428 239,206
Total Operating Revenues 1,163,321 12,100,460
Operating Expenses
Operating and maintenance 4,333,752 5,181,499
Depreciation and amortization 614,990 2,870,996
Taxes 130,374
Claims and administration
Total Operating Expenses 4,948,742 8,182,869
Operating Income (Loss) (3, 785,421) 3,917,591
Nonoperating Revenues (Expenses)
Taxes 795,749
Intergovernmental revenues 3,022,127
Interest on investments 32,798
Gain on disposal of capital assets 4,000
Interest and fiscal charges (10,922) (1 ,653,831)
Total Nonoperating Revenues (Expenses) 3,810,954 (1,621,033)
Income (Loss) Before Transfers and Contributed Capital 25,533 2,296,558
Transfers in
Transfers out (1 ,000,000)
Contributed capital 656,133 337,611
Change in Net Position 681,666 1,634,169
Net Position -January 1 4,090,385 50,347,986
Net Position-December 31 $ 4.772.051 $ 51.982.155
The notes to the basic financial statements are an integral part of this statement.
32
Sewer
Utility
$
10,078,534
2,270
10,080,804
5,170,187
2,864,559
132,008
8,166,754
1,914,050
36,709
(1,110,183)
(1 ,073,474)
840,576
954,776
1,795,352
54,479,308
$ 56,274,660
Enter rise Funds (Continued}
Storm Nonmajor Internal
Water Enterprise Service
Utility Funds Total Funds
$ $ 1,393,597 $ 1,393,597 $
22,812 22,812
7,390,655
6,064,230 616,764 29,552,675
12,522 52,937 538,363 1,950,858
6,076,752 2,086,110 31,507,447 9,341,513
1,619,298 1,746,687 18,051,423
1,312,769 220,089 7,883,403
51,277 313,659
9,562,985
2,983,344 1,966,776 26,248,485 9,562,985
3,093,408 119,334 5,258,962 (221 ,472)
795,749 20,400
946,946 3,969,073
24,362 93,869 8,502
44,264 48,264
(1,824,316) (107,147) (4, 706,399)
(853,008) (62,883) 200,556 28,902
2,240,400 56,451 5,459,518 (192,570)
12,534 12,534
(1 ,000,000)
738,813 90,713 2,778,046
2,979,213 159,698 7,250,098 (192,570)
25,334,858 13,390,620 147,643,157 1,967,762
~ 28,314,071 ~ 13,550,318 ~ 154,893,255 ~ 1 ,775,192
33
CITY OF OSHKOSH, WISCONSIN
Statement of Cash Flows
Proprietary Funds
For the Year Ended December 31, 2013
Transit
Utility
Cash Flows from Operating Activities
Cash received from customers $ 1,046,471
Cash payments to suppliers and employees ( 4,286,734)
Net Cash Provided (Used) by Operating Activities (3,240,263)
Cash Flows from Non-Capital Financing Activities
Property taxes received 795,749
Transfer from other funds
Transfer to other funds
Operating grants received 2,889,890
Net Cash Provided (Used) by Non-Capital Financing Activities 3,685,639
Cash Flows from Capital and Related Financing Activities
Acquisition of capital assets (922,779)
Principal payments on revenue bonds
Principal paid on general obligation debt (64,618)
Interest payments on debt (11,346)
Revenue bonds issued
Proceeds from sale of assets 4,000
Cash received from other funds
Cash paid to other funds
Capital contributions 656,133
Net Cash Used by Capital and Related
Financing Activities (338,610)
Cash Flows from Investing Activities
Investment income received
Net Increase (Decrease) in Cash and Cash Equivalents 106,766
Cash and Cash Equivalents -January 1 1,246,966
Cash and Cash Equivalents -December 31 §! 1,353,732
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
Enterprise Funds
Water
Utili tv
$ 12,374,230
(6,522,866)
5,851,364
(1,000,000)
(1,000,000)
( 4,866,939)
(3,168,287)
(1,025,982)
(1,578,766)
3,785,000
21,594
337,611
(6,495, 769)
33 790
(1,610,615)
15,299,665
§! 13,689,050
Operating income (loss) $ (3, 785,421) $ 3,917,591
Adjustments to reconcile operating income to
net cash provided (used) by operating activities:
Depreciation 614,990 2,870,996
Depreciation charged operating accounts 120,477
Changes in assets and liabilities
Accounts receivable (116,7g5) 272,770
Inventories and deferred charges (4,835) 44,655
Accounts payable and accrued expenses (1,499) (1 ,403,4g1)
Due to other funds
Employee benefits 53,352 27,366
Unearned revenues and deposits (55) 1,000
Net Cash Provided (Used) by Operating Activities §! (3,240,263) §! 5,851,364
Noncash activities
Contributed capital assets
The notes to the basic financial statements are an integral part of this statement.
34
Sewer
Utility
$ 10,321,401
(6,881,925)
3,439,476
(5,301,909)
(2,556,996)
(1,077,365)
(1,093,954)
4,175,000
(337,396)
954,776
(5,237,844)
37 330
(1,761,038)
15,036,787
§! 13,275,749
$ 1,914,050
2,864,559
240,597
364
(1,5g1,113)
11,019
§! 3,439,476
Enter rise Funds (Continued)
Other Internal
Storm Water Proprietary Service
Utilitv Funds Total Funds
$ 5,786,569 $ 2,080,155 $ 31,608,826 $ 9,415,122
795,749 20,400
12,534 12,534
(1 ,000,000)
901,946 3,791,836
901,946 12,534 3,600,119 20,400
(12,949,106) (44,277) (24,085,010)
(1 ,260,000) (6,985,283)
(738,434) (563,829) (3,470,228)
(1 ,502,733) (117, 155) (4,303,954)
15,220,000 23,180,000
91,244 95,244
349,585 371,179
(1 ,385,893) (1 '723,289)
738,813 2,687,333
(1 ,877,353) (284,432) (14,234,008)
25 364 96,484 8,502
1,669,842 (3, 139) (1,598,184) (124,211)
8,056,558 63,986 39,703,962 2,708,821
$ 9.726.400 $ 60.847 $ 38.105.778 $ 2,584.610
$ 3,093,408 $ 119,334 $ 5,258,962 $ (221 ,472)
1,312,769 220,089 7,883,403
120,477
(290,183) (5,955) 100,434 73,609
362 40,546
( 1 ,492,965} 64,714 (4,424,354) (5,250)
(127,233) (127,233)
(3,506) {2, 190) 86,041
945
$ 2.619.885 $ 268,759 $ 8.939.221 $ (153.113)
~ ~ 90,713 ~ 90,713 ~
35
ASSETS
Cash and cash equivalents
Taxes receivable
Accounts receivable
Total assets
LIABILITIES
Accounts payable
Deposits
Due to other governments
Due to other funds
Total liabilities
CITY OF OSHKOSH, WISCONSIN
Statement of Net Position
Fiduciary Funds
December 31, 2013
The notes to the basic financial statements are an integral part of this statement.
36
Agency Funds
Property I Hospital
Taxes Bioterrorism
$ 37,111,180 $ 4,202
21,222,289
5,491
$ 58 338 960 $ 4 202
$ 42,877 $
58,297,179 4,202
(1,096)
$ 58,338,960 $ 4.202
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2013
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
No. 61.
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, 2013
NOTE A-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The City reports the following major governmental funds:
GENERAL FUND
This is the City's primary operating fund. It accounts for all financial resources of the general
government, except those accounted for in another fund.
DEBT SERVICE FUND
This fund accounts for the resources accumulated and payments made for principal and interest on long
term general obligation debt of governmental funds.
SPECIAL ASSESSMENT IMPROVEMENTS CAPITAL PROJECTS FUND
This fund accounts for the cost of capital projects and the special assessments and subsequent
assessment collections related to those projects.
The City reports the following major enterprise funds:
TRANSIT UTILITY FUND
This fund accounts for the operations of a bus transit system for the City of Oshkosh. Financing is
provided through user fees, federal and state grants, and general property taxes.
WATER UTILITY FUND
This fund accounts for the construction, operation and maintenance of the City owned water facilities.
SEWER UTILITY FUND
This fund accounts for the construction, operation and maintenance of the City owned sewerage facilities.
STORM WATER UTILITY FUND
This fund accounts for the construction, operation and maintenance of the City owned storm water
facilities.
The City also reports the following fund types:
INTERNAL SERVICE FUND
This fund accounts for the financing of goods and services provide by one department to other City
departments or to other governments on a cost reimbursement basis.
AGENCY FUND
This fund accounts for the current year tax levy collectible in the subsequent year for the City and in a
custodial capacity as an agent on behalf of others.
38
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2013
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, 2013
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. lnterfund Receivables and Payables
During the course of operations, numerous transactions occur between individual funds for goods
provided or services rendered. These receivables and payables are classified as "due from other
funds" and "due to other funds" in the fund financial statements. Noncurrent portions of the interfund
receivables for the governmental funds are reported as "advances to other funds" and 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, 2013
NOTE A-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued}
f. Capital Assets
Capital assets, which include property, plant, equipment, and infrastructure assets, are reported in the
applicable governmental or business-type activities columns in the government-wide financial
statements. Capital assets are defined by the City as assets with an initial, individual cost of $1,500
or higher and an estimated useful life in excess of one year. Such assets are recorded at historical
cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at
estimated fair market value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially
extend asset lives are not capitalized.
Depreciable capital assets of the City are depreciated using the straight-line method over the
following estimated useful lives:
Assets
Buildings, systems and land improvements
Machinery and equipment
Infrastructure
g. Compensated Absences
Governmental I Business-Type
Activities Activities
30-80
1 -25
20-35
Years
25-88
10-25
40-150
The City's policy allows employees to earn one day of sick pay per month of service, accumulating to
varying maximum amounts. The City's employees also are granted vacation in varying amounts
based on length of service. All vacation and sick leave is accrued when incurred in the government
wide and proprietary fund financial statements. A liability for these amounts is reported in the
governmental funds in the fund financial statements only if they have matured, for example, as a
result of employee resignations and retirements.
h. Deferred Inflows/Outflows of Resources
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, 2013
NOTE A· SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued}
i. Long-term Obligations
In the government-wide financial statements, and proprietary fund types in the fund financial
statements, long-term debt and other long-term obligations are reported as liabilities in the applicable
governmental activities, business-type activities, or proprietary fund type statement of net 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, 2013
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
1. Budgets and Budgetary Accounting
The City adopted annual governmental fund budgets for the General Fund, certain Special Revenue
Funds and certain Debt Service Funds. These budgets are adopted in accordance with state statutes
and are prepared on a basis consistent with generally accepted accounting principles. The budgetary
data presented on the Statement of Revenues, Expenditures and Changes in Fund Balances -Budget
and Actual reflects the original approved budgets of the above funds and subsequent revision authorized
by the City's Common Council. Flexible, annual budgets are approved for Proprietary Funds to provide
for financial management. Long-term budgets are adopted for Capital Projects Funds.
The following procedures are used in establishing the budgetary data reflected in the financial
statements:
• In early October, the Finance Director and City Manager submit to the Common Council a
proposed operating budget for the fiscal year commencing the following January 1. The operating
budget includes proposed expenditures and the means of financing them.
• A public hearing is conducted in the Council Chambers to obtain taxpayer comments.
• At the second council meeting in November, the budget is legally enacted through passage of a
resolution.
43
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2013
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
General Fund, Special Revenue Funds (except for Business Improvement District, Cable TV
Franchise, Historical Marker, Public Works Special, and Community Traffic Safety) and the Debt
Service Fund.
• 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, 2013.
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, 2013 as follows:
General Fund
General Fund
General Fund
General Fund
General Fund
Fund Function
General government
Public safety
Parks and recreation
Transportation
Interest and fiscal charges
I Excess I
~xpenditures
$ 488,293
109,793
33,887
2
143,444
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, 2013:
Special Revenue Funds
Cemetery
Police Special
Leach Amphitheater
Public Works Special Fund
Pollack Water Park
Community Traffic Safety Grant
Capital Projects Funds
Special Assessment Improvement
Street Tree
Grand Opera House
TIF #9 Washburn Street
TIF # 20 South Side Fox River
TIF #23 SW Industrial Park
TIF #25 City Center Hotel
Fund Def1c1t Fund
$ 2,803
23,698
35,541
8,071
14,809
1,135
5,018,748
5,191
16,945
73,494
95,315
61,987
1,719,221
The City anticipates funding the above deficits from future revenues and tax levies of the funds.
44
CITY OF OSHKOSH, WISCONSIN
Noles to Basic Financial Statements
December 31, 2013
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 $132,249,960 on December 31, 2013 as
summarized below:
Petty cash funds
Deposits with financial institutions
Investments
Federal Home Loan Bank bonds
Money market mutual funds
Mutual funds
Oshkosh Community Foundation
Corporate stocks and bonds
Wisconsin local government pool
Reconciliation to the basic financial statements:
Government-wide Statement of Net Position
Cash and investments
Restricted cash and investments
Fiduciary Funds Statement of Net Position
Agency fund
$ 9,035
126,638,218
683,208
764,464
3,460,600
76,701
584,278
33,456
$ 132,249,960
$ 71 ,528,887
23,605,691
37,115,382
$ 132,249,960
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, 2013
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 be able to recover the value of its investment or collateral securities that are in the possession of
another party. Wisconsin statutes require repurchase agreements to be fully collateralized by bonds or
securities issued or guaranteed by the federal government or its instrumentalities. The City does not have
an additional custodial credit risk policy.
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
interest-bearing and noninterest-bearing demand deposits per official custodian per insured depository
institution. Deposits with financial institutions located outside the State of Wisconsin are insured by the
FDIC in the amount of $250,000 per official custodian per depository. In addition, the 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, 2013, 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.
Exempt Ratings as of Year End
From I I Not
lnwstment Type Amount Disclosure AAA A a Rated
Federal Home Loan Bank $ 683,208 $ $ 683,208 $ $
Money market mutual funds 764,464 764,464
Mutual funds 3,460,600 3,460,600
Oshkosh Community Found. 76,701 76,701
Corporate stocks/bonds 584,278 584,278
Wisconsin local gowrnment
inwstment pool 33,456 33,456
$ 5,602,707 $ $ 683,208 $ $4,919,499
46
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2013
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:
Remaining Maturity (in Months)
lm.estment Type Amount
12 months I
or Less
13to24 J
Months
25 to 60 I More Than
Months 60 Months
Federal Home Loan Bank $ 683,208 $ $ $ $ 683,208
Money market mutual funds 764,464 764,464
Mutual funds 3,460,600 3,460,600
Oshkosh Community Found. 76,701 76,701
Wisconsin local go~.ernment
in~.estment pool 33,456 33,456
Totals $ 5,018,429 $ 4,335,221 $ $ $ 683,208
Investments with Fair Values Highly Sensitive to Interest Rate Fluctuations
The City's investments in Federal Home Loan Bank 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 $33,456 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, 2013, 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, 2013, the carrying amount of the Authority's deposits was $548,085 consisting of
$355,215 in bank deposits and $192,870 as part of the City's pooled cash. The entire bank deposit
balance was insured by federal and state depository insurance.
As of December 31, 2013, 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, 2013, 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, 2013
NOTE C ·DETAILED NOTES ON ALL FUNDS (Continued)
2. Restricted Assets
Restricted assets on December 31, 2013 totaled $23,605,691 and
investments for the following purposes.
Water Utility
Debt proceeds restricted for capital outlay
Bond redemption fund
Depreciation fund
Sewer Utility
Debt proceeds restricted for capital outlay
Bond redemption fund
Replacement fund
Storm Water Utility
Debt proceeds restricted for capital outlay
Bond redemption fund
Total Restricted Assets
3. Property Taxes
consisted entirely of cash and
$ 5,255,869
2,608,782
137,322
8,001,973
4,820,840
1,836,571
1,834,244
8,491,655
3,599,788
3,512,275
7,112,063
$ 23,605,691
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-2013 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--
2013 delinquent real estate taxes
48
December 31, 2013
On or after December 1, 2013
January 31, 2014
March 31, 2014
May 31, 2014
July 31, 2014
January 31,2014
January 15,2014
20 days after the collection date
August20,2014
October 1, 2017
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2013
NOTE C-DETAILED NOTES ON ALL FUNDS (Continued)
4.
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 2013 and 2014 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 2013 budget was 0.59%. The actual limit for the City for
the 2014 budget was 0.84%. 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.
Capital Assets
Capital asset activity for the year ended December 31, 2013 was as follows:
Primary Government
Beginning I I Decreases I Balance Increases
Governmental activities:
Capital assets not being depreciated
Land $ 17,766,710 $ 608,859 $
Construction in progress 2,883,175 7,080,813 2,564,663
Total capital assets not being depreciated 20,649,885 7,689,672 2,564,663
Capital assets being depreciated
Buildings and systems 47,514,421 134,223
Infrastructure 71,736,712 7,656,365 3,501,388
Machinery and equipment 52,630,030 2,813,945 1,001,547
Total assets being depreciated 171,881,163 10,604,533 4,502,935
Less accumulated depreciation for:
Buildings and systems 13,150,443 982,596
Infrastructure 31,664,236 4,788,827 3,501,388
Machinery and equipment 27,440,752 3,042,689 1,001,547
Total accumulated depreciation 72,255,431 8,814,112 4,502,935
Total capital assets being depreciated, net 99,625,732 1,790,421
Governmental activities capital assets, net $ 120,275,617 $ 9,480,093 $ 2,564,663
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
49
$ 370,931
1,050,459
5,826,526
3,441
1,268,435
294,320
$8,814,112
Ending
Balance
$ 18,375,569
7,399,325
25,774,894
47,648,644
75,891,689
54,442,428
177,982,761
14,133,039
32,951,675
29,481,894
76,566,608
101,416,153
$ 127,191,047
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2013
NOTE C ·DETAILED NOTES ON ALL FUNDS (Continued)
Primary Government
Beginning I I Balance Increases Decreases
Business-type activities:
Capital assets not being depreciated
Land $ 9,233,466 $ $
Construction in progress 23,729,960 19,578,494 29,093,3g9
Total capital assets not being depreciated 32,963,426 19,578,494 29,093,399
Capital assets being depreciated
Buildings, systems, land improvements 263,904,618 31,596,728 2,225,124
Machinery and equipment 42,234,669 1,973,423 830,234
Total assets being depreciated 306,139,287 33,570,151 3,055,358
Less accumulated depreciation for:
Buildings, systems, land improvements 67,825,681 5,838,690 2,225,123
Machinery and equipment
Total accumulated depreciation
Total capital assets being depreciated, net 208,457,41 0 25,566,271
Business-type activities capital assets, net $ 241,420,836 $ 45,144,765 $ 29,093,399
Depreciation expense was charged to functions of the primary government as follows:
Business-type activities:
Transit utility
Water utility
Water utility charged to other operating accounts
Sewer utility
Storm water utility
Other
Total depreciation expense -business-type activities
5. Notes receivable
$ 614,990
2,87Q,g96
120,477
2,864,559
1,312,769
220,089
$ 8,003,880
I Ending
Balance
$ 9,233,466
14,215,055
23,448,521
293,276,222
43,377,858
336,654,080
71,439,248
234,023,681
$ 257,472,202
Notes receivable of $3,886,364 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, 2013
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, 2013:
Beginning Ending Due Within
Balance Additions Reductions Balance One Year
Governmental activities:
General obligation
bonds and notes $ 100,855,655 $16,054,100 $ 9,048,197 $ 107,861,558 $ 9,677,495
Other liabilities
Unused vacation and
sick leave credits 3,142,412 228,346 3,370,758
Accrued OPEB obligation 3,724,502 1,181,708 386,594 4,519,616
Unfunded pension liability 10,255,576 704,310 446,310 10,513,576
Total other liabilities 17,122,490 2,114,364 832,904 18,403,950
Total governmental activities
long-term obligations $ 117,978,145 $18,168,464 $ 9,881,101 $ 126,265,508 $ 9,677,495
Business-type activities:
Bonds payable
General obligation debt
Transit utility $ 504,955 $ $ 64,618 $ 440,337 $ 59,658
Water utility 9,806,574 1,025,982 8,780,592 998,514
Sewer utility 12,465,374 1,077,365 11,388,009 1,098,442
Storm water utility 9,643,534 738,434 8,905,100 743,014
Parking utility 128,889 48,667 80,222 53,000
Oshkosh Redevelopment 1,555,000 175,000 1,380,000 185,000
Industrial Park 2,875,000 335,000 2,540,000 340,000
Golf course 24,271 5,162 19,109 5,300
Total General Obligation Debt 37,003,597 3,470,228 33,533,369 3,482,928
Revenue bonds
Water utility 45,974,224 3,785,000 3,168,287 46,590,937 3,492,221
Sewer utility 24,778,870 4,175,000 2,556,996 26,396,874 2,811,578
Storm water utility 29,650,000 15,220,000 1,260,000 43,610,000 1,670,000
Total Revenue Bonds 100,403,094 23,180,000 6,985,283 116,597,811 7,973,799
Total bonds and notes payable 137,406,691 23,180,000 10,455,511 150,131,180 11,456,727
Other liabilities
Unused vacation and
sick leave credits 626,990 86,041 713,031
Total business-type activities
long-term obligations $ 138,033,681 $ 23,266,041 $ 10,455,511 $ 150,844,211 $ 11 ,456, 727
Total interest paid during the year on long-term debt totaled $8,108,365
51
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2013
NOTE C ·DETAILED NOTES ON ALL FUNDS (Continued)
General Obligation Debt
General obligation debt currently outstanding is detailed as follows:
Type
Refunding bonds:
Date of
Issue
9/112005
12/28/2006
8/25/2010
8/26/2010
3/16/2011
3/16/2011
6/28/2012
Interest
Rate
3.75-4.125
4.00
2.00-3.25
0.75-3.90
2.00-3.50
2.00-4.70
0.40-3.00
Principal
Payable
12/1/06-20
12/1/07-14
12/1/11 -6/1/24
12/1/11-21
12/1/12-22
12/1/12-23
12/1/13-27
Interest
Payable
6/1 -12/1
6/1 -12/1
6/1 -12/1
6/1-12/1
6/1-12/1
6/1-12/1
6/1 -12/1
Balance
Outstanding
Original December 31,
Amount
18,335,000 $
11,865,000
12,620,000
8,420,000
8,490,000
6,350,000
5,595,000
2013
8,470,000
180,000
8,950,000
6,565,000
7,485,000
5,350,000
5,115,000
Corporate purpose bonds: 3/1/2004
2/8/2005
3/1/2006
3/1/2006
3/1/2007
3/1/2008
5/1/20og
9/2/2010
11/1/2011
3.00-5.75
3.25-4.50
4.00-4.50
5.15-5.40
4.00-5.00
4.00-4.75
2.00-5.75
0.75-5.20
2.00-4.00
2.00-3.00
2.00-4.00
12/1/05-23
12/1/06-24
12/1/07-25
12/1/07-25
12/1/08-26
12/1/09-27
12/1/09-28
8/1/11 -30
6/1/12-31
12/1/13-31
6/1 -12/1
6/1 -12/1
6/1-12/1
6/1 -12/1
6/1 -12/1
6/1 -12/1
6/1 -12/1
6,480,000
7,395,000
9,265,000
1,995,000
7,950,000
5,105,000
16,740,000
4,085,000
4,930,000
6,665,000
1,465,000
6,090,000
4,120,000
Promissory notes:
11/1/2012
12/4/2013
2/8/2005
5/31/2005
3/1/2006
3/1/2007
3/1/2008
5/1/20og
9/2/2010
11/1/2011
11/1/2012
3/8/2013
4/3/2013
11/19/2013
12/4/2013
3.00-3.50
5.00
3.65-4.00
4.00
3.25-4.00
2.00-4.50
0.80-3.55
2.35
2.00
2.75
2.75
2.75
2.00-3.00
12/1/13-33
12/1/06-14
3/15/07-25
12/1/07-15
12/1/08-16
12/1/09-17
12/1/10-18
8/1/11 -20
6/1/12-21
12/1113-21
3/15/14-22
3/15/14-23
3/15/14-23
12/1/14-23
2/1 -8/1
6/1 -12/1
6/1 -12/1
6/1-12/1
6/1 -12/1
3/15
6/1 -12/1
6/1 -12/1
6/1 -12/1
6/1 -12/1
2/1 -8/1
6/1 -12/1
6/1 -12/1
3/15
3/15
3/15
6/1-12/1
9,140,000
9,965,000
12,480,000
9,080,000
2,540,000
200,000
2,500,000
3,375,000
1,565,000
2,945,000
4,150,000
2,895,000
3,660,000
2,000,000
640,000
2,644,100
1,690,000
13,120,000
8,285,000
9,070,000
11,615,000
9,080,000
325,000
140,827
640,000
1,260,000
765,000
1,620,000
3,425,000
2,375,000
3,230,000
2,000,000
640,000
2,644,100
1,690,000
Less amounts related to Enterprise Funds
141,394,927
33,533,369
$ 107,861,558
Annual principal and interest maturities of the outstanding general obligation debt on December 31, 2013
are detailed below:
Year Ended
December 31,
2014
2015
2016
2017
2018
2019-2023
2024-2028
2029-2033
s 9,677,495 $ 3,583,894 $ 1,310,495 $ (402,796) $ 13,160,423 $ 4,491,593
9,602,460 3,393,787 3,417,394 1,200,754 (382,934)
9,473,221 3,086,332 3,363,748 1,089,908 (360,836)
9,335,363 2,795,437 3,232,363 974,512 (335,931)
9,100,307 2,498,550 3,253,261 859,442 (307,850)
36,737,892 8,247,021 12,018,950 2,621,976 (1,126,806)
16,974,820 3,284,605 4,764,725 654,286 (508,812)
6,960,000 654,160 (33,096)
13,019,854
12,836,969
12,567,726
12,353,568
48,756,842
21,739,545
6,960,000
4,211,606
3,815,404
3,434,018
3,050,141
9,742,191
3,430,079
621,064
$ 107,861,558 $ 27,543,785 $ 33,533,369 $ 8,711,372 S (3,459,061 1 $ 141,394,927 s 32,796,096
52
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2013
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 2013
Sewerage System
Clean Water 1995 to 1997 3.21 5/01/96-15 5/1 & 11/1 $ 17,631.411 $ 1,322,354
Water Safe Drinking
Revenue Bond 1998 2.64 5/01/99-19 5/1 & 11/1 11,913,672 3,726,997
Sewerage System Revenue
Clean Water 1999 2.64 5/01/00-19 5/1 & 11/1 3,025,930 1,136,236
Water Safe Drinking
Revenue Bond 2000 2.97 5/01/01 -19 5/1 & 11/1 13,636,364 5,148,638
Water Safe Drinking
Revenue Bond 2001 2.75 5/01/02 -21 5/1 & 11/1 3,483,913 1,623,141
Water Utility
Revenue Bonds 2004 2.396 5/01/05-24 5/1 & 11/1 1,989,231 2,073,287
Storm Water Utility
Revenue Bonds 2005 3.50-4.625 5/01/06-25 5/1 & 11/1 4,820,000 3,315,000
Water Utility
Refunding Bond 2006 4.0-4.5 1/01/07-26 1/1 & 7/1 12.705,000 9,660,000
Water Safe Drinking
Revenue Bond 2008 2.365 5/01/10-28 5/1 & 11/1 1,344,824 6,027,158
Storm Water Revenue
Bond 2010 0.70-5.20 5/01/11 -30 5/1 & 11/1 20,800,000 18,520,000
Water UUiity
Refunding Bond 2010 0.85-5.15 1/01/11 -30 1/1 & 7/1 5,740,000 5,055,000
Sewerage System
Revenue Bonds 2010 0.85-5.15 5/01/11 -30 5/1 &11/1 4,890,000 4,365,000
Sewerage System
Revenue Bonds 2011 2.0-4.0 5/01/12-31 5/1 &11/1 8,290,000 7,340,000
Water Utility
Revenue Bonds 2011 2.0-4.0 5/01/12-31 1/1 & 7/1 6,510,000 6,135,000
Storm Water Utility
Revenue Bonds 2012 2.375-3.125 5/01/13-32 5/1 & 11/1 6,810,000 6,555,000
Sewerage System
Revenue Bonds 2012 2.25-3.00 5/01/13-32 5/1&11/1 6,270,000 5,985,000
Water Utility
Revenue Bonds 2012 2.0-3.125 1/01/14-32 1/1 & 7/1 5,430,000 5.430,000
Storm Water Revenue
Bond 2013 3.00-4.125 1/01/14-33 5/1 & 11/1 15,220,000 15,220,000
Sewerage System
Revenue Bonds 2013 2.00-4.125 1/01/14-33 5/1 & 11/1 4,175,000 4,175,000
Water Utility
Revenue Bonds 2013 2.00-4.125 1/01/15-33 1/1 & 7/1 3,785,000 3,785,000
$ 116,597,811
53
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2013
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 2033. The total principal and interest remaining to be paid on the water bonds is $58,325,850.
Principal and interest paid for the current year and total water customer net revenues were $4,541,551
and $6,788,586, respectively. The total principal and interest remaining to be paid on the sewer bonds is
$33,941,375. Principal and interest paid for the current year and total sewer customer net revenues were
$3,264,681 and $4,777,859, respectively. The total principal and interest remaining to be paid on the
storm water bonds is $61,183,880. Principal and interest paid for the current year and total customer net
revenues were $2,370,605 and $4,406,177, respectively.
Annual principal and interest maturities of the outstanding revenue bonds on December 31, 2013 are
detailed below:
Business-tvoe Activities
Year Ended I I Build America
December 31, Principal Interest Bonds Credit Total
2014 $ 7,973,799 $ 3,980,209 $ (394,486) $ 11,559,522
2015 7,220,540 3,671,233 (386,207) 10,505,566
2016 7,406,381 3,471,450 (376,172) 10,501,659
2017 7,619,012 3,257,214 (364,331) 10,511,895
2018 7,853,485 3,029,586 (350,551) 10,532,520
2019-2023 32,380,136 11,751,006 (1 ,470,376) 42,660,766
2024-2028 28,289,458 6,332,778 (824,359) 33,797,877
2029·2033 17,855,000 1,359,818 (82,928) 19,131,890
$ 116,597,811 $ 36,853,294 $ (4,249,410) $ 149,201,695
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, 2013 is as
follows:
Equalized valuation
Margin of indebtedness:
5% of equalized valuation
Less outstanding general obligation debt
Deduct Debt Service Funds available for debt retirement
Margin of indebtedness
54
$ 141,394,927
3,398,285
$ 3, 759,269,500
$ 187,963,475
137,996,642
$ 49,966,833
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2013
NOTE C ·DETAILED NOTES ON ALL FUNDS (Continued)
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.
Component Unit Long-term Debt
Information relating to the outstanding long-term debt is as follows:
Redevelopment Authority
Type
Taxable redevelopment
lease revenue bonds
Date of
Issue
6/20/2006
Interest
Rate
6.25%
Balance
Maturity Original Outstanding
Date Amount 12/31/13
6/20/2031 $ 6,360,000 $ 6,360,000
Annual principal maturities of the outstanding debt on December 31, 2013 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, 2013, 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, 2013
NOTE C ·DETAILED NOTES ON ALL FUNDS (Continued)
7. lnterfund Balances and Activity
lnterfund receivables and payables at December 31, 2013 were as follows:
Due From Due to
Other Funds Other Funds
General fund $ 2,774,867 $ 310,922
Special assessment improvement capital projects 68,209
Nonmajor Governmental Funds
Special revenue funds 62,149 414,819
Capital projects funds 2,736,998 287,149
Permanent fund 62,148
Total governmental activities 5,574,014 1 '143,247
Water utility fund 968,631 566,257
Sewer utility fund 267,120 929,144
Storm water utility 120,650 1,738,839
Nonmajor Enterprise Funds 2,552,928
Total business-type activities 1,356,401 5,787,168
Totals $ 6,930,415 $ 6,930,415
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.
In addition to the above amounts, TIF #7 capital projects fund has advanced $1,719,221 to TIF #25
capital projects fund and $3,883,460 to the special assessment improvement fund. TIF #7 reports
nonspendable fund balance for the $5,602,681 of advances since they are not expected to be repaid in
the current year.
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:
Transfers from ... Governmental act1v1t1es:
Debt service fund
Nonmajor governmental funds
Water utility enterprise fund
Total transfers to:
Transfer to
Governmental Activities I Business-type
General I Nonmajor .I Activities Total
$ 8,623,144 $ $ $ 8,623,144
6,832 2,028, 788 12,534 2,048,154
1,000,000 1,000,000
$ 9,629,976 $ 2,028, 788 $ 12,534 $ 11,671,298
56
NOTED-OTHER INFORMATION
1. Retirement Commitments
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2013
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 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 and expected to be employed for at least one year from
employee's date of hire, are eligible to participate in the WRS.
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 employees in the General
category, 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:
General (including Teachers)
Executives & Elected Officials
Protective with Social Security
Protective without Social Security
Employee
6.65%
7.0%
6.65%
6.65%
2013
Employer
6.65%
7.0%
9.75%
12.35%
The payroll for City employees covered by the WRS for the year ended December 31, 2013 was $32.4
million; the employer's total payroll was $33.7 million. The total required contribution for the year ended
December 31, 2013 was $5.4 million, which consisted of $3.3 million, or 10.0% of covered payroll from
the employer and $2.1 million or 6.7% of covered payroll from employees. Total contributions for the
years ending December 31,2012 and 2011 were $4.8 and $4.8 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, 2013
NOTED· OTHER INFORMATION (Continued)
2. Unfunded Pension Liability
The City's unfunded pension liability of $10.5 million on December 31, 2013 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 City currently provides contributions to the Wisconsin Retirement Fund for employees formerly
covered under the City sponsored and administered Police -Fire pension fund. In accordance with
the statute terminating the pension funds, the City chose a "pay-as-you-go" basis for pension
contributions in which payments are made to the Wisconsin Retirement Fund as the benefits become
due and payable to the participants of the terminated plan. The total expense for 2013 was
approximately $58,184. The total estimated future cost to the City of this plan as of December 31,
2013 is not determinable.
b. Health Care
Plan Description -The City provides health care insurance coverage for employees who retire until
they reach the age of 65. The retired employee contributes 100% of the premium for family coverage
or 100% of the premium for single coverage. There are 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.
I Component
Annual required contribution
Interest on net OPEB
Adjustment to annual required contribution
Annual OPEB cost (expense)
Contributions made
Change in net OPEB obligation
OPEB obligation -January 1
OPEB obligation -December 31
I Amount I
$ 1,254,459
111,735
(184,486)
1 '181 ,708
(386,594)
795,114
3,724,502
$ 4,519,616
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
included (a) 3.0% discount rate, and (b) medical trend rate with initial rate at 8.5% and ultimate rate at
4.7%.
58
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2013
NOTED· 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, 2013 is 30 years, and the remaining amount is $11,550,920.
Trend Information -The City's annual OPEB cost, the percentage of the annual OPES cost
contributed to the plan, and the net OPES obligation for 2013 is as follows:
Year
Ended
12/31/2011 $
12/31/2012
12/31/2013
Annual
OPES
Cost
1,261,615
1,150,117
1,181,708
Percentage
of Annual
OPES Cost
Contributed
40.23% $
40.93%
41.87%
Net OPEB
Obligation
3,045,113
3,724,502
4,519,616
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
59
December 31, 2012
Unit Credit
Level
30 years
initial
ultimate -
3.0%
8.5%
4.7%
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2013
NOTED· 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. Contingencies
a. The City participates in a number of federal and state assisted grant programs. These programs are
subject to program compliance audits by the grantors or their representatives. Accordingly, the City's
compliance with applicable grant requirements will be established at some future date. The amount,
if any, of expenditures which may be disallowed by the granting agencies cannot be determined at
this time although the City expects such amounts, if any, to be immaterial.
b. From time to time, the City is party to other various pending claims and legal proceedings. Although
the outcome of such matters cannot be forecast with certainty, it is the opinion of management and
legal counsel that the likelihood is remote that any such claims or proceedings will have a material
adverse effect on the City's financial position or results of operations.
6. Self-insured medical care coverage plan
The City maintains a self-insured medical care coverage plan for its employees. The City has established
the Hospital Insurance Fund (an Internal Service Fund) to account for the financing of its uninsured risked
of loss. Under this program, the Hospital Insurance Fund provides coverage up to a maximum of $75,000
per contract. The City purchases commercial insurance for claims in excess of coverage provided by the
Fund.
All funds of the City participate in the program and are charged amounts needed to pay prior -and
current-year claims and to establish a reserve for future insurance costs. That reserve was $341,612 at
December 31, 2013 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, 2013, 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 2013 were:
Current Year
Beginning Claims and Balance at
Year of Fiscal Changes in Claim Fiscal
Ended Year Liability Estimates Payments Year End
12/31/2013 $800,000 $9,176,885 $9,176,885 $800,000
12/31/2012 $800,000 $10,665,549 $10,665,549 $800,000
7. Subsequent Events
On July 15,2014, the City issued $8,300,000 Storm Water Utility Revenue Bonds. The bonds are payable
through 2034 at interest rates ranging from 2.00% to 4.00%. On August 22, 2014, the City borrowed
$10,233,802 from the Wisconsin Board of Commissioners of Public Lands the proceeds of which were
used to pay the unfunded pension liability to the Wisconsin Retirement System. The debt is considered
general obligation debt and carries an interest rate of 4.25%.
60
REQUIRED SUPPLEMENTARY INFORMATION
Actuarial
Valuation
Date
December 31,
2008
2010
2012
Year Ended
December 31,
2011
2012
2013
$
$
CITY OF OSHKOSH, WISCONSIN
Schedule of Other Post Employment Benefit Plan Information
December 31, 2013
(1)
Actuarial
Value of
Assets
Schedule of Funding Progress
(2)
Actuarial
Accrued
Liability
(ML) Entry
AQe Normal
$ 9,534,561
10,867,464
11,550,920
(3)
Funded
Ratio
( 1) I (2)
0.00%
0.00%
0.00%
(4)
Unfunded
Actuarial
Accrued
Liability
(UML)
(2)-(1 i
$ 9,534,561
10,867,464
11,550,920
Schedule of Employer Contributions
(5)
Covered
Payroll
N/A
N/A
N/A
UML
as a
Percentage
of Covered
Payroll
(4)/(5)
N/A
N/A
N/A
Employer Contributions
Annual Required Contribution
ARC) Percentage Contributed
507,543 $
470,728
386,594
1,291,276
1,209,598
1,254,459
39.3%
38.9%
30.8%
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
SUPPLEMENTARY INFORMATION
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Loans
Due from other funds
Advance to other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Due to other governments
Advance from 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
Special purposes
Trust agreements
Committed to
Special purposes
Assigned to
Construction of assets
Unassigned
Total Fund Balances
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2013
Special Capital
Revenue Projects
Funds Funds
$ 3,467,405 $ 35,121,499
6,065,600 9,115,405
581,509 481,811
3,886,364
62,149 2,736,998
5,602,681
$ 14.063,027 $ 53.058.394
$ 339,556 $ 3,522,380
70,001 55,523
10,000 141,344
414,819 287,149
3,801,005
1,719,221
4,635,381 5,725,617
6,065,600 9,115,405
5,602,681
1,631,854
22,344,280
3,121,059
327,044
10,610,710
(86,057) (1 ,972, 153)
3,362,046 38,217,372
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES ~ 14,063,027 ~ 53,058,394
62
Total
Nonmajor
Permanent Governmental
Fund Funds
$ 8,338,568 $ 46,927,472
15,181,005
453 1,063,773
3,886,364
2,799,147
5,602,681
$ 8,339,021 $ 75.460.442
$ $ 3,861,936
125,524
151,344
62,148 764,116
3,801,005
1,719,221
62,148 10,423,146
15,181,005
5,602,681
1,631,854
22,344,280
3,121,059
8,276,873 8,276,873
327,044
10,610,710
(2,058,210)
8,276,873 49,856,291
~ 8,339,021 ~ 75,460,442
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Loans
Due from other funds
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
Non major Special Revenue Funds
December 31, 2013
Committee Business
on Improvement
Aqinq District Recvclinq
Street
Liqhtinq Librarv
38,892 $ 59,911 $ 784,695 $ 141,424 $ 301,894 $
281,800
90,823
1 '116, 700 2,370,000
425 4,414
4,183
Museum
731,456 $
741,000
6,704
57,966
Cemeterv
5,028
261,100
$ 411,515 $ 59,911 $ 785120 $ 1,258,124 $ 2,680,491 $ 1,537,126 $ 266,128
$ 7,737 $ 6,951 $ 1,911 $ 100,827 $ 40,667 $ 15,992 $ 7,831
7,737 6,951 1,911 100,827 40,667 15,992 7,831
281,800 1,116,700 2,370,000 741,000 261,100
121,978 52,960 783,209 269,824 780,134
40,597
(2,803)
121,978 52,960 783,209 40,597 269,824 780,134 (2,803)
$ 411,515 $ 59 911 $ 785,120 $ 1,258,124 $ 2 680 491 $ 1,537,126 $ 266128
(Continued)
63
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Loans
Due from other funds
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
December31, 2013
Rental
Community Rehabilitation
Development
Block Grant
$ $
466,113
3,801,005
Loan
Program
98,485 $
85,359
Local
Revolving
Loan
Proqram
320,436 $
Senior
Center Police Fire/
Revolving Bicycle Special Safety
32,844 $ 15,354 $ $ 332,052
469 3,170 3,822
$ 4,267,118 $ 183 844 $ 320,436 $ 33,313 $ 15,354 $ 3,170 $ 335 874
$ 125,826 $ $ $ 5,184 $ $ 8,325 $ 271
70,001
340,287 18,543
3,801,005
4,267,118 70,001 5,184 26,868 271
113,843 320,436 335,603
28,129 15,354
$ 4267,118 $ 183.844 $ 320,436 $ 33.313 $ 15.354 $ 3,170 $ 335.874
(Continued)
64
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Loans
Due from other funds
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 31,2013
Cable TV
Project Police Asset Franchise
D.A.R.E. Forfeiture Escrow
3 $ 11,722 $ 36,084 $
EMS Community Parks
Fire Historical Develop Revenue
Grant Marker Special Facilities
37,969 $ 27,483 $ 30,824 $ 243,969
5,443
$ 3 $ 11 '722 $ 36.084 $ 37,969 $ 27 483 $ 30.824 $ 249,412
$ $ $ $ 13,836 $ 390 $ $ 115
10,000
10,000 13,836 390 115
3 11,722 24,133 27,093 30,824 249,297
26,084
3 11,722 26,084 24,133 27,093 30,824 249,297
$ 3 $ 11 '722 $ 36,084 $ 37,969 $ 27,483 $ 30.824 $ 249,412
(Continued)
65
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Loans
Due from other funds
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, 2013
Public
Leach Works Garbage
Pollock
Water
Total
Community Non major
Traffic Healthy Special
Safety Neighborhood Revenue
Amphitheater Special Di~sposal Park -'~ Grant Initiative Funds
$
14,000
126
$ $ $
1,217,000
$
64,000
$ 216,880 $ 3,467,405
6,065,600
581,509
3,886,364
62,149
$ 14,126 $ $ 1,217,000 $ 64,000 $ $ 216,880 $ 14,063,027
$ 2,675 $ $ $ 1,018 $ $ $ 339,556
70,001
10,000
32,992 8,071 13,791 1,135 414,819
3,801,005
35,667 8,07i ___ 14,809 1,135 4,635,381
14.000 1,217,000 64,000 6,065,600
3,121,059
216,880 327,044
(35,541) (8,071) (14,809) (1,135) (86,057)
(35,541) (8,071) (14,809) (1,135) 216,880 3,362,046
$ 14,126 $ $ 1 ,217,000 $ 64,000 $ $ 216,880 $ 14,063,027
66
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
Advance to other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Advance from 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
Sidewalk
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2013
Advance
Payments
Street Street Special Contract
Construction lm~rovement Tree Assessment Control Equipment
$
$
$
$
577,122 $ 3,312,348 $ $ 136,844 $
2,031
2,736,998
$ 6,358,106
1,000,000
165,247
577,122 $ 3.312.348 $ $ 136,844 $ 2.739,029 $ 7,523.353
$ 8,553 $ $ $ 2,325,061 $ 1,073,368
29,523
3,500 136,844
5,191
12,053 5,191 136,844 2,354,584 1,073,368
1,000,000
577,122 3,300,295 384,445 5,449,985
(5,191)
577,122 3,300,295 (5,191) 384,445 5,449,985
577,122 $ 3.312.348 $ $ 136.844 $ 2.739,029 $ 7.523.353
(Continued)
67
ASSETS
Gash and investments
Receivables
Taxes
Accounts
Due from other funds
Advance to other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Advance from 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
Park
Improvement
and
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31 , 2013
Met
Park Rochlin Golf Course
Subdivision Park Equipment
ACQuisition Improvement Smokestack Improvement
$ 244,590 $ 334,090 $ 2,000 $ 3,275 $
1,000
Grand City Hall
Senior Opera Complex Parking Ramp
Center House Improvements Improvements
115,249 $ $ 148,790 $ 48,928
73,000
2,318
$ 245,590 $ 334,090 $ 2,000 $ 3,275 $ 115,249 $ 73,000 $ 148,790 $ 51,246
$ $ $ $ $ 1,068 $ 12,780 $ 309 $
4,165
1,068 16,945 309
73,000
245,590 334,090 2,000 3,275 114,181 148,481 51,246
(16,945)
245,590 334,090 2,000 3,275 114,181 (16,945) 148,481 51,246
$ 245,590 $ 334,090 $ 2,000 $ 3,275 $ 115,249 $ 73,000 $ 148,790 $ 51,246
(Continued)
68
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
Advance to other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Advance from 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
TIF#6
NW Industrial
Park
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31 , 2013
TIF#7 TIF#6 TIF#9
SW Industrial S Aviation Washburn
Park Industrial Street
$ 16,915 $ 9,221,972 $ 3,412,415 $
3,914,274 592,842
190,381
5,602,681
976,451
70,385
$
TIF#10 TIF #11
Main and Oshkosh
Washington Office Center
812 $
12,684 7,152
4,000
TIF #12
Division
Street
$ 561,838
105,798
$ 16.915 $ 18,929.308 $ 4.005.257 $ 1 ,046,836 $ 13.496 $ 11 '152 $ 667,636
$ $ $ $ $ $ $
143,879 768
143,879 768
3,914,274 592,842 976,451 12,684 7,152 105,798
5,602,681
16,915
9,412,353 3,412,415 812 3,232 561,838
(73,494)
16,915 15,015,034 3,412,415 (73,494) 812 3,232 561,838
$ 16,915 $ 18 929 308 $ 4,005,257 $ 1.046,836 $ 13.496 $ 11,152 $ 667,636
(Continued)
69
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
Advance to other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Advance from other funds
Total Liabilities
Deferred lnflo~NS 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
TIF #13
Marion Road/
Pearl Ave.
$ 557,811 $
282,611
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December31, 2013
TIF#14 TIF#15 TIF #16
Mercy Park 100 Block
Medical Plaza Redevelopment
TIF#17 TIF #18 TIF #19
City SW Industrial NW Industrial
Centre #3 Expansion
642,028 $ 1,630,963 $ 1,589,939 $ 1,337,828 $ 678,205 $ 291,101
472,077
7,047
195,734 122,370
25,000
313,913 433,115 246,536
$ 840.422 $ 1,121,152 $ 1.826.697 $ 1,737,309 $ 1.651,741 $ 1,111.320 $ 537,637
$
26,000
1,000
27,000
282,611
530,811
530,811
$ $ $
472,077 195,734
649,075 1,630,963
649,075 1,630,963
$ 71,690 $ $
71,690
122,370 313,913 433,115 246,536
1,614,939
1 ,266,138 678,205 291,101
1,614,939 1,266,138 678,205 291,101
$ 840.422 $ 1,121,152 $ 1.826.697 $ 1,737.309 $ 1,651,741 $ 1.111,320 $ 537.637
(Continued)
70
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
Advance to other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Advance from 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
TIF#20
South Side
Fox River
$ $
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December31, 2013
TIF#21 TIF #23 TIF#24
Fox River SW Industrial Oshkosh
Corridor Park Corp.
1,300,428 $ $ 7,406
148,534 218,314
14,402
Total
TIF#25 Non major
City TIF#26 Capital
Center Aviation Projects
Hotel Business Park Funds
-·
$ $ 2,590,496 $ 35,121,499
9,115,405
481,811
2,736,998
5,602,681
$ $ 1.463.364 $ $ 225,720 $ $ 2.590,496 $ 53.058.394
$ 24,156 $ 5,395 $ $ $ $ $ 3,522,380
55,523
141,344
71,159 61,987 287,149
1,719,221 1,719,221
95,315 5,395 61,987 1,719,221 5,725,617
148,534 218,314 9,115.405
5,602,681
1,631,854
1,309,435 7,406 2,590,496 22,344,280
10,610,710
(95,315) (61 ,987) (1 ,719,221) (1 ,972, 153)
(95,315) 1,309,435 (61,987) 7,406 (1,719,221) 2,590,496 38,217,372
$ $ 1.463.364 $ $ 225.720 $ $ 2.590.496 $ 53.058.394
71
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended December 31, 2013
Special Capital
Revenue Project Permanent
Funds Funds Fund
Revenues
Taxes $ 5,261,900 $ 9,274,279 $
Special assessments 134,058
Intergovernmental 1,209,324 1,693,355
Licenses and permits 516
Public charges for services 1,337,799 971,372
Miscellaneous 902,272 902,038 719,615
Total Revenues 8,845,869 12,841,044 719,615
Expenditures
Current
Public safety 139,999
Public works 2,066,499
Health and welfare 397,225 25,832
Parks and recreation 5,525,483 90,453 64,646
Community development 892,593 3,704,461
Debt service
Principal 2,892,635
Interest and fiscal charges 1,088,407
Capital outlay 105,695 18,264,443
Total Expenditures 9,127,494 26,066,231 64,646
Excess of Revenues Over (Under)
Expenditures (281,625) (13,225,187) 654,969
Other Financing Sources (Uses)
Long-term debt issued 15,920,000
Transfers in 613,547 1,415,241
Transfers out (6,832) (1,961,183) (80,139)
Total Other Financing Sources (Uses) 606,715 15,374,058 (80,139)
Net Change in Fund Balances 325,090 2,148,871 574,830
Fund Balances-January 1 3,036,956 36,068,501 7,702,043
Fund Balances-December 31 $ 3,362,046 ~ 38,217,372 ~ 8,276,873
72
Total
Nonmajor
Governmental
Funds
$ 14,536,179
134,058
2,902,679
516
2,309,171
2,523,925
22,406,528
139,999
2,066,499
423,057
5,680,582
4,597,054
2,892,635
1,088,407
18,370,138
35,258,371
(12,851,843)
15,920,000
2,028,788
(2,048,154)
15,900,634
3,048,791
46,807,500
~ 49,856,291
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
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2013
Committee Business
on Improvement Street
Aging District Recycling Lighting Library Museum
$ 291,800 $ -$ 404,700 $ 1,057,500 $ 2,302,200 $ 848,600
134,058
88,317 -238,223 -35,474 -
127 - - -930,954 -
132,889 17,128 183,499 8,029 151,631
513,133 151,186 826,422 1,057,500 3,276,657 1,000,231
- -954,633 1 '111 ,866
-- - -
513,309 --3,354,589 1,048,315
-178,905 - - -
- - -- -
513,309 178,905 954,633 1 '111 ,866 3,354,589 1,048,315
Excess of Revenues Over (Under) Expenditures (176) (27,719) (128,211) (54,366) (77,932) (48,084)
Other Financing Sources (Uses)
Transfers in -- -70,230
Transfers out
Total Other Financing Sources (Uses) - -- -70,230
Net Change in Fund Balances (176) (27,719) (128,211) (54,366) (77,932) 22,146
Fund Balances (Deficit) -January 1 122,154 80,679 911,420 94,963 347,756 757,988
Fund Balances (Deficit)-December 31 § 121,978 § 52,960 $ 783,209 § 40,597 § 269,824 $ 780,134
73
Community
Development
Cemetery Block Grant
$ 274,800 $
-712,170
-903
98,795 53,621
373,595 766,694
347,694
659,601
-69,629
347,694 729,230
25,901 37,464
25,901 37,464
(28,704) (37,464)
§ (2,803) §
(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
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2013
Rental Local
Rehabilitation Revolving Senior
Loan Loan Center Police
Program Program Revolving Bicycle Special
$ -$ -$ $ $ $
5,138
516
- -
402 -31,778 -11,312
402 31.778 516 16,450
68,057
49,531
1,716
343
-
343 49.531 1.716 68,057
Police
Fire/ Project Asset
Safety DAR. E. Forfeiture
-$ -$
47,413
1,258
102 -11,400
48,773 -11,400
42,568 14,316
42,568 14,316
Excess of Revenues Over (Under) Expenditures 59 (17,753) (1,200) (51,607) 6,205 -(2,916)
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
320,436
-
320,436
59 320,436 (17,753) (1 ,200) (51 ,607) 6,205 (2,916)
113,784 45,882 16,554 27,909 329,398 3 14,638
$ 113,843 $ 320.436 $ 28.129 $ 15.354 $ (23.698) $ 335.603 $ 3 $ 11.722
(Continued)
74
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
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2013
Federal
Police Cable TV EMS Community Parks
Asset Franchise Fire Historical Develop Revenue
Forfeiture Escrow Grant Marker Special Facilities
$ $ $ $ $ $
6,100 11,966 64,523
192,596
6,100 30 7,793
776 180,733
53,744
Leach
Amphitheather
$ 15,000 $
34,184
71 '138
Excess of Revenues Over (Under) Expenditures 4,572 5,099 10,779 62,Q43 (2,749)
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 ~ -~
- -
(6,832) 4,572 5,099
32,916 19,561 21,994
26~0_8A__$ __ 2,U33 $ 27,093 $
75
9,909
9,909
10,779 62,Q43 7,160
20,045 187,254 (42,701)
30,824 $ 249,297 $ (35,541) $
Public
Works
Special
(8,071)
(8,071)
(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
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2013
Community
Pollock Traffic
Water Safety
Park Grant
$ 67,300 $
177,777
89,931
335.008
354,907
354,907
1,135
-
1,135
Healthy
Neighborhood
Initiative
$
-
-
-
Total
Non major
Special
Revenue
Funds
$ 5,261,900
134,Q58
1,209,324
516
1,337,799
902,272
8,845,869
139,999
2,066,499
397,225
5,525,483
892,593
105,695
9,127,494
Excess of Revenues Over (Under) Expenditures (19,899) (1,135) -(281,625)
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
212,972 613,547
(6.832)
212.972 606,715
(19,899) (1,135) 212,972 325,090
5,090 -3,908 3,036,956
$ (14.809) $ (1,135) $ 216,880 $ 3.362.046
76
Revenues
Taxes
Intergovernmental
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Health and welfare
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2013
Sidewalk Street Street Contract
Construction Improvement Tree Control Equipment
$ $ $ $ $ 1,117,800 $
141,185
971,372
9,369
35,686 2,140,465 9,058,058
35,686 2,140,465 9,369 9,058,058
Park
Improvement
and
Acquisition
145,471
145,471
Excess of Revenues Over (Under) Expenditures (35,686) (1 ,999,280) (3, 169) -(6,960,611) (141 ,472)
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 $
81,500 2,112,575 --
81,500 2,112,575
45,814 113,295
531,308 3,187,000
577,122 $ 3,300,295 $
77
--8,170,425 192,500
-
-192,500
(3,169) -839,328 51,028
(2,022) 384,445 4,610,657 194,562
(5,191) $ 384,445 $ 5,449.985 $ 245,590
(Continued)
Revenues
Taxes
Intergovernmental
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Health and welfare
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2013
Met
Park Rochlin Golf Course Grand
Subdivision Park Equipment Senior Opera
Improvement Smokestack Improvement Center House -------------
City Hall
Complex
Improvements
$ $ $ $ $ 66,200 $
13,550 7,698 76,313
13,550 73,898 76,313
25,832
81,084
4,145
25,832 81,084 4,145
Parking Ramp
Improvements
$
33,762
33,762
61,416
61,416
Excess of Revenues Over (Under) Expenditures 13,550 (25,832) (7,186) 72,168 (27,654)
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
78,900
78,900
13,550 (25,832) (7,186) 72,168 51,246
320,540 2,000 3,275 140,013 (9,759) 76,313
$ 334.090 $ 2,000 $ 3.275 $ 114.181 $ (16,945) $ 148.481 $ 51.246
(Continued)
78
Revenues
Taxes
Intergovernmental
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Health and welfare
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2013
TIF#6 TIF#7 TIF#8 TIF#9 TIF #10
NW Industrial SW Industrial S Aviation Washburn Main and
TIF #11
Oshkosh
Park Park Industrial Street Washinot()n .. Office Center
$ 212,972 $ 3,833,571 $
720 114,612
213,692 3,948,183
601,985 150
5,000 35,000
400 2,200
607,385 37,350
588,246 $
42,131
630,377
150
63,051
16,278
79,479
811,478 $
3,729
815,207
150
-
3,379,217
3,379,367
12,347 $
337
12,684
150
-
-
150
7,415 $
434
3,999
11,848
150
10,000
650
10,800
TIF #12
Division
Street
104,012
69
104,081
2,750
27,319
7,711
37,780
Excess of Revenues Over (Under) Expenditures (393,693) 3,910,833 550,898 (2,564,160) 12,534 1,048 66,301
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
(533,408) (1,044,755) -(12,534)
(533,408) (1,044,755) --(12,534)
(927,101) 2,866,078
944,016 12,148,956
550,898
2,861,517
(2,564,160)
2.490,666 812
1,048 66,301
2,184 495,537
$ 16.915 $ 15.015,034 $ 3.412.415 $ (73.494) $ 812 $ 3.232 $ 561,838
(Continued)
79
Revenues
Taxes
Intergovernmental
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Health and welfare
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2013
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.
286,079 $
917
19.927
306,923
10,158
1,004,992
325,842
1,340,992
Medical
629,639 $
23
629,662
388,946
75,000
29,935
493,881
Pla.za Redevelopment
190,582 $
35,505
226,087
150
35,000
11,144
45,457
91,751
116,918 $
18
116,936
150
175,000
50,939
-
226,089
Centre
302,826 $
133,731
436,557
226,656
415,000
157,340
640,582
1,439,578
#3
406,369 $
1,469
407,838
53,835
388,302
139,694
581,831
_ _!;~pansion
214,448
2,337
216,785
5,257
92,570
47,136
144,963
Excess of Revenues Over (Under) Expenditures (1 ,034,069) 135,781 134,336 (109,153) (1 ,003.021) (173,993) 71,822
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
1,044,755
1,044,755
10,686 135,781 134,336 (109,153) (1 ,003,021) (173,993) 71,822
520,125 513,294 1,496,627 1,724,092 2,269,159 852,198 219,279
$ 530,811 $ 649.075 $ 1,630.963 $ 1.614.939 $ 1,266,138 $ 678,205 $ 291,101
(Continued)
80
Revenues
Taxes
Intergovernmental
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Health and welfare
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2013
TIF #25
TIF #20 TIF #21 TIF#23 TIF #24 City
South Side Fox River SW Industrial Oshkosh Center
Fox River Corridor Park Corp. Hotel
$ $ 164,880 $ $ 208,497 $ -
680,384 504,336 -16,418 15,000
722,480 - -819
680,384 1,391,696 -224,915 15,819
51,582 90,230 20,139 4,121 2,120,110
486,401 80,000
233,070 66,068
592,225 220,852 1,393,426
1,363,278 236,298 20,139 224,973 3,513,536
TIF#26
Aviation
Business Park
$ -$
5,016
5,016
66,226
608,859
675,085
Total
Non major
Capital
Projects
Funds
9,274,279
1,693,355
971,372
902,038
12,841,044
25,832
90,453
3,704,461
2,892,635
1,088,407
18,264,443
26,066,231
Excess of Revenues Over (Under) Expenditures (682,894) 1,155,398 (20,139) (58) (3,497,717) (670,069) (13,225,187)
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
2,000,000 3,284,100
370,486 --
370,486 -2,000,000 3,284,100
(682,894) 1,525,884 (20, 139) (58) (1 ,497,717) 2,614,031 2,148,871
587,579 (216,449) (41,848) 7,464 (221 ,504) (23,535) 36,068,501
$ (95,315) $ 1,309,435 $ (61,987) $ 7,406 $ (1,719,221) $ 2.590,496 $ 38,217.372
81
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
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Net Position
Non major Other Proprietary Funds
December 31, 2013
Oshkosh
Parking Redevelopment
Utility Project
$ 60,847 $
1,105 130,619
61,952 130,619
1,851,549 3,217,183
1,025,753 5,930,995
2,877,302 9,148,178
2,939,254 9,278,797
2,452 202,339
263 3,222
5,000
167,944 81,084
53,000 185,000
223,659 476,645
2,044
27,222 1,195,000
29,266 1,195,000
252,925 1,671,645
2,797,080 7,768,178
(110,751) (161,026)
~ 2,686,329 j! 7,607,152
82
Total
Non major
Industrial Golf Enterprise
Park Course Funds
$ $ $ 60,847
259,675 558 391,957
6,664,629 6,664,629
6,924,304 558 7,117,433
826,541 5,895,273
415,503 7,372,251
1,242,044 13,267,524
6,924,304 1,242,602 20,384,957
324 5,363 210,478
9,300 62 12,847
5,000
1,525,656 778,244 2,552,928
340,000 5,300 583,300
1,875,280 788,969 3,364,553
32,011 34,055
2,200,000 13,809 3,436,031
2,200,000 45,820 3,470,086
4,075,280 834,789 6,834,639
1,222,935 11,788,193
2,849,024 (815,122) 1,762,125
~ 2,849,024 j! 407,813 j! 13,550,318
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenses and Changes in Net Position
Nonmajor Other Proprietary Funds
For the Year Ended December 31, 2013
Oshkosh
Parking Redevelopment Industrial Golf
Utility Project Park Course
Operating Revenues
Taxes $ $ 1,393,597 $ $
Fines, forfeitures and penalties 22,812
Public charges for services 114,641 502,123
Other revenues 28,534 17,906 6,497
Total Operating Revenues 137,453 1 ,422,131 17,906 508,620
Operating Expenses
Operating and maintenance 104,259 1,093,421 19,924 529,083
Depreciation and amortization 82,365 106,526 31 '198
Total Operating Expenses 186,624 1,199,947 19,924 560,281
Operating Income (Loss) (49,171) 222,184 (2,018) (51,661)
Nonoperating Revenues (Expenses)
Gain (loss) on disposal of capital assets 44,264
Interest and fiscal charges (4,172) (40,911) (61,138) (926)
Total Nonoperating Revenues (Expenses) (4,172) (40,911) (16,874) (926)
Income (loss) before transfers and
contributed capital (53,343) 181,273 (18,892) (52,587)
Transfers in 12,534
Contributed capital 90,713
Change in Net Position 49,904 181,273 (18,892) (52,587)
Net Position -January 1 2,636,425 7,425,879 2,867,916 460,400
Net Position -December 31 ~ 2,686,329 $ 7,607,152 $ 2,849,024 $ 407,813
83
Total
Non major
Enterprise
Funds
$ 1,393,597
22,812
616,764
52,937
2,086,110
1,746,687
220,089
1,966,776
119,334
44,264
(107,147)
(62,883)
56,451
12,534
90,713
159,698
13,390,620
~ 13,550,318
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Cash Flows
Nonmajor Other Proprietary Funds
For the Year Ended December 31,2013
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
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 sale of assets
Due from other funds
Net Cash Provided (Used) by Capital and Related
Financing Activities
Net 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
84
$
$
$
$
$
Oshkosh
Parking Redevelopment
Utility Proiect
137,537 $ 1,403,770
(105,942) ( 1 '156,043)
31 595 247727
12,534
(31 ,281)
(48,667) (175,000)
(4,356) (41,446)
6 555
(46,468) (247,727)
{2,339)
63,186
60,847 ~
(49,171) $ 222,184
82,365 106,526
84 (18,361)
(2,030) 64,611
(127,233)
347
31,595 ~ 247,727
90,713 ~
Total
Nonmajor
Industrial Golf Proprietary
Park Course Funds
$ 17,906 $ 520,942 $ 2,080,155
(19,796) (529,615) (1,811,396)
(1,890) (8,673) 268,759
12,534
(12,996) (44,277)
(335,000) (5,162) (563,829)
(70.411) (942) (117,155)
91,244 91,244
316 057 26,973 349 585
1,890 7,873 (284.432)
(800) (3,139)
800 63,986
~ ~ ~ 60,847
$ (2,018) $ (51,661) $ 119,334
31,198 220,089
12,322 (5,955)
128 2,005 64,714
(127,233)
(2,537) (2, 190)
$ 11,890) $ (8,673) $ 268,759
~ ~ ~ 90,713
85
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
NET POSITION
Unrestricted $
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Net Position
Internal Service Funds
December 31, 2013
Hospital Police Fire
Insurance Pension Pension
1,160,718 $ 653,525 $ 219,625
12,724
1,173,442 653,525 219,625
31,830
800,000
831,830
341,612 ~ 653,525 ~ 219,625
86
Total
Internal
Workman's Service
Compensation Funds
$ 550,742 $ 2,584,610
11,414 24,138
20,400 20,400
582,556 2,629,148
1,726 33,556
800,000
1,726 833,556
20,400 20,400
$ 560,430 ~ 1,775,192
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenses and Changes in Net Position
Internal Service Funds
For the Year Ended December 31,2013
Hospital Police Fire Workman's
Insurance Pension Pension Compensation
Operating Revenues
Intergovernmental charges for services $ 7,345,727 $ $ $ 44,928
Other revenues 1,601,858 349,000
Total Operating Revenues 8,947,585 393,928
Operating Expenses
Claims and administration 9,176,885 29,055 29,129 327,916
Operating Income (Loss) (229,300) (29,055) (29,129) 66,012
Nonoperating Revenues
Taxes 20,400
Interest on investments 4,650 2,662 1 '190
Total Nonoperating Revenues 4,650 2,662 1 '190 20,400
Change in Net Position (224,650) (26,393) (27,939) 86,412
Net Position -January 1 566,262 679,918 247,564 474,018
Net Position -December 31 ~ 341,612 $ 653,525 ~ 219,625 $ 560,430
87
Total
Internal
Service
Funds
$ 7,390,655
1,950,858
9,341,513
9,562,985
(221 ,472)
20,400
8,502
28,902
(192,570)
1,g67,762
~ 1,775,1g2
CITY OF OSHKOSH, WISCONSIN
Statement of Cash Flows
Internal Service Funds
For the Year Ended December 31, 2013
Hospital Police
Insurance Pension
Cash Flows from Operating Activities
Cash received from customers $ 9,024,305 $
Cash payments to suppliers and employees (9, 183,364) (29,055)
Net Cash Provided (Used) by Operating
Activities (159,059) (29,055)
Cash Flows from Non-Capital Financing Activities
Property taxes received
Cash Flows from Investing Activities
Investment income received 4,650 2,662
Net Increase (Decrease) in Cash and Cash
Equivalents (154,409) (26,393)
Cash and Cash Equivalents -January 1 1,315,127 679,918
Cash and Cash Equivalents-December 31 $ 1,160,718 $ 653,525
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
$
$
Operating income (loss) $ (229,300) $ (29,055) $
Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:
Changes in assets and liabilities
Accounts receivable 76,720
Accrued expenses (6,479)
Net Cash Provided (Used) by Operating
Activities § (159,059) § (29,055) §
88
Total
Internal
Fire Workman's Service
Pension Compensation Funds
$ 390,817 $ 9,415,122
(29, 129) (326,687) (9,568,235)
(29, 129) 64,130 (153,113)
20,400 20,400
1,190 8,502
(27,939) 84,530 (124,211)
247,564 466,212 2,708,821
219,625 $ 550,742 $ 2,584,610
(29, 129) $ 66,012 $ (221,472)
(3,111) 73,609
1,229 (5,250)
(29, 129) § 64,130 § (153,113)
STATISTICAL SECTION
Page No.
Financial Trends 89 - 93
These reports and schedules contain trend information to help the reader understand how
the City's financial performance and well-being have changed over time.
Revenue Capacity 94 - 97
These schedules contain information to help the reader assess the City's most
significant local revenue source, the property tax.
Debt Capacity 98 - 104
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.
Demographic and Economic Information 105
These schedules present information to help the reader understand the environment
within which the city's financial activities take place.
Operating Information 106 - 107
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.
Miscellaneous General Data 108 - 120
STATISTICAL SECTION
This part of the City of Oshkosh, Wisconsin's 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.
Sources: Unless otherwise noted, the information in these schedules is derived from the annual
financial reports for the relevant year.
FINANCIAL TRENDS
2013 2012 2011 2010 2009
Governmental Activities
Invested in Capital Assets, Net of Related Debt 19,329,489$ 19,419,962$ 19,229,355$ 59,344,634$ 58,296,609$
Restricted 37,140,497 30,364,648 26,651,319 12,781,352 4,625,915
Unrestricted 10,845,337 9,703,942 9,406,605 (7,027,497) 755,346
Total Governmental Activities Net Position 67,315,323$ 59,488,552$ 55,287,279$ 65,098,489$ 63,677,870$
Business-Type Activities
Invested in Capital Assets, Net of Related Debt 123,557,519$ 119,805,631$ 101,773,674$ 116,520,471$ 110,806,457$
Restricted 9,929,194 - - - -
Unrestricted 21,406,542 27,837,526 41,439,462 29,745,981 25,715,028
Total Business-Type Activities Net Position 154,893,255$ 147,643,157$ 143,213,136$ 146,266,452$ 136,521,485$
Primary government
Invested in Capital Assets, Net of Related Debt 142,887,008$ 139,225,593$ 121,003,029$ 175,865,105$ 169,103,066$
Restricted 47,069,691 30,364,648 26,651,319 12,781,352 4,625,915
Unrestricted 32,251,879 37,541,468 50,846,067 22,718,484 26,470,374
Total Primary Government Net Position 222,208,578$ 207,131,709$ 198,500,415$ 211,364,941$ 200,199,355$
City of Oshkosh, Wisconsin
Net Position by Component
Last Five Years
(accrual basis of accounting)
89
2013 2012 2011 2010 2009
Program Revenues
Governmental Activities:
Charges for Services:
General Government 1,459,590$ 1,499,241$ 2,364,086$ 119,557$ 151,058$
Public Safety 3,443,014 3,428,559 3,909,146 4,088,498 4,024,666
Public Works 4,286,794 4,068,799 3,637,583 5,214,099 3,519,023
Health and welfare 153,459 186,310 120,859 209,533 210,053
Parks and recreation 1,544,164 1,574,689 806,739 2,644,591 2,448,725
Transportation 63,496 45,917 - - -
Community development 1,254,547 1,324,595 46,898 2,991,609 2,924,048
Operating grants and contributions 6,416,634 6,509,866 6,428,168 5,257,764 4,997,987
Capital grants and contributions 8,017,626 2,628,797 6,057,270 - -
Total Governmental Activities Program Revenues 26,639,324 21,266,773 23,370,749 20,525,651 18,275,560
Business-Type Activities:
Charges for Services:
Transit utility 1,163,321 1,060,619 977,045 871,564 781,952
Water utility 12,100,460 12,653,163 11,883,928 11,359,012 11,559,034
Sewer utility 10,080,804 10,604,202 9,734,441 9,002,688 8,996,742
Storm Water utility 6,076,752 4,606,002 4,127,079 3,724,446 3,962,269
Other 2,086,110 1,903,780 1,890,888 868,689 878,084
Operating grants and contributions 3,969,073 3,016,504 2,862,158 4,720,484 4,010,723
Capital grants and contributions 2,687,333 2,131,530 1,816,885 3,030,390 4,555,380
Total Business-Type Activities Program Revenues 38,163,853 35,975,800 33,292,424 33,577,273 34,744,184
Total Primary Government Program Revenues 64,803,177 57,242,573 56,663,173 54,102,924 53,019,744
Expenses
Governmental Activities:
General Government 5,893,042 7,153,206 6,579,998 6,391,836 6,285,171
Public Safety 25,456,071 25,890,300 25,344,065 23,653,443 23,333,122
Public Works 15,853,312 18,613,846 15,786,739 14,880,323 15,843,295
Health and welfare 942,236 1,574,357 1,396,562 1,017,262 1,065,069
Parks and recreation 8,332,592 9,216,781 9,076,401 8,558,050 8,181,034
Transportation 762,341 743,613 728,496 685,570 661,953
Community development 10,149,353 2,758,184 9,376,637 4,903,810 5,516,499
Unclassified 793,442 776,758 606,496 551,791 388,794
Interest on debt 4,101,721 2,603,084 3,463,336 2,217,235 2,319,986
Total Governmental Activities Expenses 72,284,110 69,330,129 72,358,730 62,859,320 63,594,923
Business-Type Activities:
Transit utility 4,959,664 4,860,183 4,945,229 4,800,584 4,788,395
Water utility 9,836,700 10,557,966 10,352,077 11,296,626 10,475,252
Sewer utility 9,276,937 9,195,795 8,851,545 8,493,557 8,460,051
Storm Water utility 4,807,660 3,915,332 4,171,390 2,776,140 2,365,735
Other 2,073,923 1,989,165 1,994,268 5,201,117 4,246,275
Total Business-Type Activities Expenses 30,954,884 30,518,441 30,314,509 32,568,024 30,335,708
Total Primary Government Expenses 103,238,994 99,848,570 102,673,239 95,427,344 93,930,631
(continued)
City of Oshkosh, Wisconsin
Changes in Net Position
(accrual basis of accounting)
Last Five Years
90
2013 2012 2011 2010 2009
Net (Expense)/Revenue
Governmental Activities (45,644,786)$ (48,063,356)$ (48,987,981)$ (42,333,669)$ (45,319,363)$
Business-Type Activities 7,208,969 5,457,359 2,977,915 1,009,249 4,408,476
Total Primary Government Net Expense (38,435,817) (42,605,997) (46,010,066) (41,324,420) (40,910,887)
General Revenues and Other Changes in Net Position
Governmental Activities:
Taxes:
Property and Other Local Taxes Levied For:
General Purposes 7,437,835 6,988,954 11,910,812 12,560,637 12,018,253
Other Purposes 13,887,960 13,629,952 7,526,939 - -
Debt Service 17,015,651 16,704,943 16,623,050 16,675,924 16,440,764
12,646,485 12,667,257 13,227,462 13,454,777 13,809,528
Investment Earnings 1,007,079 754,834 585,859 467,806 743,305
Gain (Loss) on Sale of Capital Assets 32,594 - 88,877 75,206 19,333
Miscellaneous 547,200 180,880 852,301 756,938 955,629
Transfers 896,753 1,337,809 2,154,845 (237,000) (729,525)
Total Governmental Activities 53,471,557 52,264,629 52,970,145 43,754,288 43,257,287
Business-Type Activities:
General Purposes property taxes levied for 795,749 817,657 888,750 8,148,457 7,554,946
Investment Earnings 93,869 155,472 212,089 226,694 294,475
Gain (Loss) on Sale of Capital Assets 48,264 42,496 428,485 123,567 252,215
Transfers (896,753) (1,337,809) (2,154,845) 237,000 729,525
Total Business-Type Activities 41,129 (322,184) (625,521) 8,735,718 8,831,161
Total Primary Government 53,512,686 51,942,445 52,344,624 52,490,006 52,088,448
Change in Net Position
Governmental Activities 7,826,771 4,201,273 3,982,164 1,420,619 (2,062,076)
Business-Type Activities 7,250,098 5,135,175 2,352,394 9,744,967 13,239,637
Total Primary Government Change in Net Position 15,076,869$ 9,336,448$ 6,334,558$ 11,165,586$ 11,177,561$
Last Five Years
(accrual basis of accounting)
State and Federal Aids Not Restricted to Specific Functions
City of Oshkosh, Wisconsin
Changes in Net Position (continued)
91
2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
FUND BALANCES
RESERVED -$ -$ -$ -$ 10,036,001$ 6,819,195$ 18,044,864$ 17,658,375$ 18,857,473$ 4,648,012$
UNRESERVED - - - - 8,831,818 10,620,890 9,707,717 8,514,932 6,960,070 8,368,380
NONSPENDABLE
Inventories and prepaid items 13,477 63,560 20,117 15,128 - - - - - -
Receivables from other funds 6,082,872 9,023,957 7,822,388 - - - - - - -
RESTRICTED
Construction of assets 19,114,218 15,864,698 12,466,838 6,161,672 - - - - - -
Debt service 6,628,347 3,843,324 3,827,124 802,645 - - - - - -
Special purposes 3,121,059 2,954,583 3,619,623 2,225,449 - - - - - -
Trust agreements 8,276,873 7,702,043 7,615,773 3,591,586 - - - - - -
COMMITTED
Special purposes 327,044 199,313 453,083 1,440,897 - - - - - -
ASSIGNED
Construction of assets 10,610,710 9,450,113 6,368,873 4,378,911 - - - - - -
Subsequent years 91,977 502,664 687,688 766,216 - - - - - -
UNASSIGNED
General fund 8,262,154 8,820,427 8,520,110 8,090,093 - - - - - -
Special revenue funds (2,058,210) (632,057) (51,337) (32,444) - - - - - -
Capital project funds (5,018,748) (7,783,852) (6,976,868) (1,896,158) - - - - - -
Total Fund Balances 55,451,773$ 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$
The City implemented GASB Statement No. 54 during 2010 and has not restated their prior year balances.
CITY OF OSHKOSH, WISCONSIN
Fund Balances, Governmental Funds
Last Ten Years
December 31, 2013
92
2013 2012 2011 2010 2009
Revenues
Taxes 38,186,988$ 37,169,391$ 36,040,150$ 29,175,074$ 28,383,879$
Special assessments 3,957,420 1,819,259 291,300 3,560,361 1,164,351
Intergovernmental 18,179,507 17,954,593 19,283,704 18,845,337 18,791,932
Licenses and permits 1,690,229 1,697,164 1,903,473 1,550,077 1,454,274
Fines and forfeits 814,534 693,361 697,601 801,492 818,009
Public charges for services 5,723,603 4,747,578 5,163,689 4,919,919 4,464,959
Intergovernmental charges for services 3,313,954 3,959,645 3,240,651 3,348,419 3,361,466
Miscellaneous 3,297,214 3,596,865 6,410,171 2,249,104 3,738,388
Total Revenues 75,163,449 71,637,856 73,030,739 64,449,783 62,177,258
Expenditures
Current
General government 5,718,541 5,970,307 6,029,646 5,929,199 5,864,013
Public safety 24,180,522 24,187,942 23,810,954 22,529,557 22,551,705
Public works 9,249,548 10,283,815 9,704,657 9,449,325 10,775,806
Health and welfare 423,057 1,094,576 1,393,121 1,013,821 1,061,628
Parks and recreation 7,634,760 7,586,448 7,631,194 7,465,635 7,579,261
Transportation 677,682 599,980 728,496 685,570 661,953
Community development 6,305,710 3,620,086 3,777,858 4,711,826 5,276,199
Unclassified 773,537 766,501 606,496 551,791 388,794
Debt service
Principal 9,048,197 8,569,556 7,825,286 9,625,951 5,237,862
Interest and fiscal charges 3,322,065 2,842,832 3,473,041 2,113,520 2,319,996
Capital outlay 19,428,396 17,854,390 19,897,863 9,422,185 8,372,637
Total Expenditures 86,762,015 83,376,433 84,878,612 73,498,380 70,089,854
Excess of Revenues Over (Under)
Expenditures (11,598,566) (11,738,577) (11,847,873) (9,048,597) (7,912,596)
Other Financing Sources (Uses)
Long-term debt issued 16,054,100 20,044,000 22,725,000 18,584,000 6,587,500
Payment to refunding escrow agent - (4,007,871) (9,968,673) (2,622,227) -
Transfers in 11,658,764 11,657,789 13,424,584 9,779,289 9,362,539
Transfers out (10,671,298) (10,319,980) (11,269,739) (10,016,289) (10,092,064)
Total Other Financing Sources (Uses)17,041,566 17,373,938 14,911,172 15,724,773 5,857,975
Net Change in Fund Balance 5,443,000 5,635,361 3,063,299 6,676,176 (2,054,621)
Fund Balances - January 1, as Restated 50,008,773 44,373,412 41,310,113 18,867,819 20,922,440
Fund Balances - December 31 55,451,773$ 50,008,773$ 44,373,412$ 25,543,995$ 18,867,819$
City of Oshkosh, Wisconsin
Changes in Fund Balances, Governmental Funds
Last Five Fiscal Years
93
THIS PAGE INTENTIONALLY LEFT BLANK
REVENUE CAPACITY
Fiscal
Year Assessed Value
Estimated Actual
Value Assessed
Estimated
Actual Value
Total Assessed
Value
Total
Direct Tax
Rate
Estimated Actual
Value
Ratio of Total
Assessed to
Total Estimated
Actual Value
2013 3,602,577,600$ 3,602,577,600$ 158,294,700$ 158,294,700$ 3,760,872,300$ 9.2810 3,760,872,300$ 100.00
2012 3,591,967,000 3,621,421,129 146,992,600 148,197,939 3,738,959,600 8.9370 3,769,619,068 99.18
2011 3,581,676,200 3,623,939,979 147,234,400 148,971,766 3,728,910,600 8.7960 3,772,911,745 98.82
2010 3,558,554,500 3,625,811,180 149,579,500 152,406,553 3,708,134,000 8.6080 3,778,217,733 98.11
2009 3,559,320,400 3,647,235,614 152,720,300 156,492,491 3,712,040,700 8.3990 3,803,728,105 97.53
2008 3,517,580,250 3,693,811,021 141,325,000 148,405,382 3,658,905,250 8.2260 3,842,216,403 94.99
2007 3,441,866,900 3,581,606,696 129,642,300 134,905,777 3,571,509,200 7.9800 3,716,512,473 95.94
2006 3,334,485,900 3,404,176,655 149,401,700 152,524,196 3,483,887,600 7.8200 3,556,700,851 97.92
2005 3,260,277,500 3,200,940,450 135,885,300 133,412,188 3,396,162,800 7.6100 3,334,352,638 101.82
2004 2,260,487,900 2,816,793,972 107,771,900 134,294,565 2,368,259,800 10.5700 2,951,088,537 75.36
CITY OF OSHKOSH, WISCONSIN
Assessed and Estimated Actual Value of Taxable Property
Last Ten Fiscal Years
December 31, 2013
Real Property Personal Property
94
Fiscal
Year Operations Debt Total Total
2013 4.151$ 5.130$ 9.281$ 35.5%9.154$ 35.0%1.973$ 7.5%5.567$ 21.3%0.170$ 0.7%26.145$
2012 3.980 4.957 8.937 34.5%8.892 34.4%1.982 7.7%5.890 22.8%0.171 0.7%25.872
2011 3.902 4.894 8.796 35.0%8.640 34.3%1.813 7.2%5.736 22.8%0.172 0.7%25.157
2010 3.824 4.784 8.608 34.2%8.792 34.9%1.814 7.2%5.804 23.0%0.173 0.7%25.191
2009 3.501 4.898 8.399 34.8%8.099 33.6%1.757 7.3%5.688 23.6%0.174 0.7%24.117
2008 3.344 4.882 8.226 34.7%7.771 32.8%1.770 7.5%5.727 24.2%0.179 0.8%23.673
2007 3.210 4.770 7.980 34.3%7.710 33.1%1.740 7.5%5.670 24.4%0.180 0.8%23.280
2006 2.989 4.831 7.820 34.6%7.450 32.9%1.710 7.6%5.470 24.2%0.180 0.8%22.630
2005 2.866 4.744 7.610 34.9%7.120 32.7%1.670 7.7%5.210 23.9%0.180 0.8%21.790
2004 3.907 6.663 10.570 34.4%10.440 34.0%2.290 7.5%7.150 23.3%0.260 0.8%30.710
Fiscal
Year Operations Debt Total Total
2013 14,326,700$ 17,704,300$ 32,031,000$ 90,287,704$
2012 13,629,708 16,975,200 30,604,908 88,650,296
2011 13,360,100 16,758,200 30,118,300 86,195,509
2010 13,100,765 16,387,400 29,488,165 86,341,268
2009 11,997,700 16,789,100 28,786,800 82,708,602
2008 11,336,182 16,549,086 27,885,268 80,292,534
2007 10,703,136 15,902,535 26,605,671 77,624,192
2006 9,784,230 15,813,767 25,597,997 74,078,273
2005 9,161,254 15,161,614 24,322,868 69,684,597
2004 8,705,826 14,848,790 23,554,616 68,468,752
City of Oshkosh
CITY OF OSHKOSH, WISCONSIN
Property Tax Rates - Direct and Overlapping Governments
Last Ten Fiscal Years
December 31, 2013
City of Oshkosh
State of Wisconsin
31,595,334$
30,451,103
Oshkosh Area Public
Schools
Fox Valley Technical
College
County of
Winnebago State of Wisconsin
25,684,457
24,368,125
Oshkosh Area Public
Schools
Fox Valley Technical
College
County of
Winnebago
18,903,075
17,887,005
22,766,095
23,261,991
6,808,053$
6,786,290
6,208,876
6,212,920
6,021,254
5,999,373
5,799,205
5,600,302
29,585,411
30,116,037
27,758,578
26,340,816
20,169,459
19,642,097
19,882,754
19,496,778
19,413,865
614,068
619,042
Tax Levies
15,940,326
16,644,482
637,971$
638,536
640,825
641,392
645,192
653,212
631,784
624,844
5,337,084
5,092,777
19,215,346$
95
Real Property Percentage of Total
Taxpayer Assessed Valuation (1)Assessed Valuation
Dumke & Associates 64,259,400$ 1.71%
Midwest Realty 56,056,900 1.49
Tom Rusch etal 46,265,300 1.23
Oshkosh Corporation 34,215,400 0.91
Curwood Bemis 30,451,600 0.81
Bergstrom 28,948,700 0.77
BFO Factory Shoppes 32,090,900 0.85
Dennis Schwab 31,602,500 0.84
Charles Perry 31,038,400 0.83
Aurora Medical 27,091,600 0.72
Westowne Shoppes 21,374,100 0.57
403,394,800$ 10.73%
Total Assessed Valuation 3,760,872,300$
December 31, 2003
Real Property Percentage of Total
Taxpayer Assessed Valuation (1)Assessed Valuation
Curwood Inc. (Bemis) & Weldon Inc.36,260,900$ 1.56%
John Mark - Security Investments 32,563,700 1.40
Thomas N. Rusch, etal.24,517,800 1.05
Oshkosh Truck Corp., Cadence Co.17,615,400 0.76
Aurora Medical 13,665,100 0.59
Peter Jungbacker 13,067,000 0.56
Dennis Schwab etal 11,780,700 0.51
Westowne Shoppes, etal 10,969,300 0.47
First Horizon Group Ltd. Partnership 10,965,000 0.47
Mokler Properties 10,220,400 0.44
Miles Kimball 8,330,900 0.36
189,956,200$ 8.17%
Total Assessed Valuation 2,329,972,500$
(1) Assessed valuation based on the valuation of property for taxes collected in 2013 and 2003
respectively, and a review of the largest taxpayers for the City.
Source: City of Oshkosh Assessor's Office
City of Oshkosh, Wisconsin
Principal Taxpayers
12/31/2003 and 12/31/2013
December 31, 2013
96
County Percent of Total
Percent of Settlement Tax Collections
Total City City Tax for Delinquent Total Prior to
Fiscal Tax Tax Tax Collections Tax Tax Collections /
Year Year Levy (1)Collections To Tax Levy Collections Collections Adjustments
2013 2012 101,153,633$ 98,273,836$ 97.15%2,836,923$ 101,110,759$ 99.96%
2012 2011 96,961,355 93,389,879 96.32%3,504,895 96,894,774 99.93%
2011 2010 97,053,509 92,726,230 95.54%4,277,936 97,004,166 99.95%
2010 2009 93,178,460 90,156,910 96.76%2,973,400 93,130,310 99.95%
2009 2008 89,123,760 86,319,259 96.85%2,756,957 89,076,216 99.95%
2008 2007 86,119,686 83,580,798 97.05%2,491,982 86,072,780 99.95%
2007 2006 81,158,972 78,653,692 96.91%2,466,249 81,119,941 99.95%
2006 2005 76,396,795 74,165,036 97.08%2,058,798 76,223,834 99.77%
2005 2004 74,331,644 72,467,595 97.49%1,820,386 74,287,981 99.94%
2004 2003 69,933,492 67,935,039 97.14%1,781,879 69,716,918 99.69%
Sources: Winnebago County Treasurer and City of Oshkosh Department of Finance.
Note: Real estate taxes my be paid in a single payment due January 31, or in four installments, January 31,
March 30, May 31, and July 31. The City collects taxes on behalf of the overlapping governments. The City
remits taxes to the other governments on five settlement dates - January 15, February 15, April 15, and August
15. The City then transfers the delinquent taxes to the County by August 15 and the County in turn makes the
City whole with a settlement on August 20. The City retains the responsibility of collecting delinquent personal
property taxes.
City of Oshkosh, Wisconsin
Property Tax Levies And Collections
2004 - 2013
(1) - Total Tax Levy represents the real estate tax levies for the City, overlapping districts, and personal
property taxes.
97
DEBT CAPACITY
Fiscal Year
General
Obligation debt
Compensated
absences
OPEB
Obligation
Unfunded
Pension
Liability (WRS)
General
Obligation debt Revenue bonds
Compensated
absences
Total Primary
Government
Debt
Percentage
of Personal
Income
Debt Per
Capita
2013 107,861,558$ 3,370,758$ 4,519,616$ 10,513,576$ 33,533,369$ 116,597,811$ 713,031$ $ 277,109,719 18.98% $ 4,157
2012 100,855,655 3,142,412 3,724,502 10,255,576 37,003,597 100,403,094 626,990 256,011,826 16.27% 3,860
2011 93,389,085 3,066,770 3,045,113 10,049,166 40,242,776 88,033,677 593,879 238,420,466 15.38% 3,608
2010 (1)88,458,044 2,935,344 2,291,041 9,791,574 43,494,833 77,877,052 755,459 225,603,347 13.44% 3,414
2009 54,594,494 2,888,438 1,492,192 9,520,865 75,062,759 51,273,148 744,469 195,576,365 10.89% 3,039
2008 53,244,856 2,889,010 761,466 9,274,093 66,439,949 50,088,740 738,139 183,436,253 7.03% 2,783
2007 64,952,651 2,661,427 - 9,021,451 68,127,403 52,844,125 723,970 198,331,027 7.89% 3,014
2006 65,223,096 2,548,532 - 8,771,358 67,222,672 56,882,342 730,396 201,378,396 7.79% 3,074
2005 62,002,657 2,484,589 - 8,540,782 66,832,007 60,830,916 695,728 201,386,679 8.94% 3,077
2004 49,364,536 2,443,939 - 8,317,369 63,641,766 58,356,446 688,570 182,812,626 8.24% 2,808
Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
(1) On January 1, 2011, the City reclassified its TIF District funds from enterprise funds to capital project funds. As a result, general obligation debt associated with
the TIF Districts was reclassified from business-type activity to governmental activity debt. The amount reclassified was $27,527,728.
CITY OF OSHKOSH, WISCONSIN
Outstanding Debt by Type
Last Ten Fiscal Years
December 31, 2013
Governmental Activities Business-Type Activities
98
Fiscal Year Population Assessed Value Debt Total
Ratio to
Assessed
Value Per Capita
2013 66,653 3,759,269,500$ 141,394,927$ 3.76%2,121.36$
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
Long-Term Debt
CITY OF OSHKOSH, WISCONSIN
Ratios of Net General Bonded Debt Outstanding
Last Ten Fiscal Years
December 31, 2013
Net General
99
2013
Percent Amount
Direct Debt:
City purpose 141,394,927$
Less Sanitary Sewer purpose (11,388,009)
Less Storm Sewer purpose (8,905,100)
Less Water Utility purpose (8,780,592)
Less TIF purpose (36,573,036)
Net City Purpose 75,748,190$ 100.0000%75,748,190$
Total Net Direct Debt 75,748,190
Overlapping Debt
Oshkosh Area Public School District 41,245,774 74.7793%30,843,301
Fox Valley Technical College 97,055,000 11.1058%10,778,734
Winnebago County 81,745,795 51.0890%41,763,109
Total Overlapping Debt 83,385,144
159,133,334$
Information of other taxing districts was obtained from their respective financial reports and/or
departments.
CITY OF OSHKOSH, WISCONSIN
Direct and Overlapping Governmental Activities Debt
December 31, 2013
TOTAL DEBT
Applicable to City
Debt shown includes general obligation bonds and notes. Excluded from above are revenue
bonds of $116,597,811.
100
2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Equalized Value 3,759,269,500$ 3,762,601,100$ 3,776,085,900$ 3,779,437,800$ 3,801,817,900$ 3,565,689,900$ 3,473,497,000$ 3,342,017,400$ 3,335,517,300$ 2,956,240,000$
Debt limitation - 5% of equalized value 187,963,475 188,130,055 188,804,295 188,971,890 190,090,895 178,284,495 173,674,850 167,100,870 166,775,865 147,812,000
Debt applicable to limitation
Total outstanding general obligation debt 141,394,927 137,859,252 133,631,861 131,952,877 129,657,253 119,684,805 133,080,054 132,445,768 128,834,664 113,006,302
Less: Debt service fund (1,766,431) (1,598,474) (878,039) (802,645) (1,146,983) (1,814,545) (15,366,502) (14,982,030) (14,374,421) (726,155)
Less: Other funds available for debt retirement (1,631,854) - - - - - - - - -
Total debt applicable to limitation 137,996,642 136,260,778 132,753,822 131,150,232 128,510,270 117,870,260 117,713,552 117,463,738 114,460,243 112,280,147
Legal Debt Margin 49,966,833$ 51,869,277$ 56,050,473$ 57,821,658$ 61,580,625$ 60,414,235$ 55,961,298$ 49,637,132$ 52,315,622$ 35,531,853$
Total net debt applicable to the limit
as a percentage of debt limit 73.42%72.43%70.31%69.40%67.60%66.11%67.78%70.30%68.63%75.96%
CITY OF OSHKOSH, WISCONSIN
Legal Debt Margin Information
Last Ten Fiscal Years
December 31, 2013
101
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
Available for
Debt Service Principal Interest
Revenue
Coverage
2013 11,894,051$ 5,181,499$ 6,712,552$ 3,168,287$ 1,373,264$ 1.478
2012 12,476,050 5,190,896 7,285,154 2,940,800 1,292,001 1.721
2011 11,766,312 4,950,108 6,816,204 1,859,362 901,696 2.469
2010 11,440,790 6,365,712 5,075,078 2,864,882 1,136,715 1.268
2009 11,661,637 5,585,656 6,075,981 2,199,618 1,047,917 1.871
2008 12,055,844 5,727,208 6,328,636 2,054,504 1,155,278 1.972
2007 11,605,868 4,921,900 6,683,968 2,055,484 1,168,870 2.073
2006 10,852,296 5,087,832 5,764,464 2,067,535 1,303,253 1.710
2005 10,535,414 4,808,003 5,727,411 2,050,625 1,365,018 1.677
2004 9,738,789 5,175,738 4,563,051 1,964,722 1,434,066 1.343
(1)
(2)
Includes total operating revenues and investment income.
Includes total operating expenses less: depreciation, bond issue expense and interest expense.
Debt Service
CITY OF OSHKOSH, WISCONSIN
December 31, 2013
Last Ten Fiscal Years
Pledged-Revenue Coverage
Water Revenue Bonds
102
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
Available for
Debt Service Principal Interest
Revenue
Coverage
2013 10,115,243$ 5,170,187$ 4,945,056$ 2,556,996$ 707,686$ 1.515
2012 10,633,650 5,227,829 5,405,821 2,433,416 595,965 1.784
2011 9,742,345 5,241,990 4,500,355 1,889,013 441,518 1.931
2010 9,062,774 5,190,326 3,872,448 1,671,295 327,294 1.938
2009 9,094,064 5,218,908 3,875,156 1,620,209 360,497 1.956
2008 9,737,588 5,192,412 4,545,176 1,570,706 410,791 2.294
2007 9,126,861 4,584,753 4,542,108 1,522,733 459,529 2.291
2006 8,390,891 4,688,772 3,702,119 1,476,245 506,629 1.867
2005 8,286,483 4,573,038 3,713,445 1,402,116 530,893 1.921
2004 7,647,642 4,277,228 3,370,414 1,255,769 525,450 1.892
(1)
(2)
Includes total operating revenues and investment income.
Includes total operating expenses less: depreciation, bond issue expense and interest expense.
Debt Service
CITY OF OSHKOSH, WISCONSIN
December 31, 2013
Last Ten Fiscal Years
Pledged-Revenue Coverage
Sewer Revenue Bonds
103
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
Available for
Debt Service Principal Interest
Revenue
Coverage
2013 6,088,592$ 1,619,298$ 4,469,294$ 1,260,000$ 1,110,605$ 1.885
2012 4,650,424 1,821,770 2,828,654 985,000 934,695 1.473
2011 4,218,749 2,096,833 2,121,916 895,000 1,005,365 1.117
2010 3,805,709 1,743,456 2,062,253 190,000 170,061 5.728
2009 4,044,613 1,596,444 2,448,169 185,000 176,624 6.770
2008 3,058,699 1,198,080 1,860,619 180,000 183,012 5.126
2007 3,198,290 987,246 2,211,044 175,000 189,224 6.071
2006 3,060,477 941,690 2,118,787 170,000 195,261 5.801
2005 1,940,741 851,635 1,089,106 - 99,118 10.988
2004 1,724,622 733,379 991,243 - - N/A
(1)
(2)
Includes total operating revenues and investment income.
Includes total operating expenses less: depreciation, bond issue expense and interest expense.
Debt Service
CITY OF OSHKOSH, WISCONSIN
December 31, 2013
Last Ten Fiscal Years
Pledged-Revenue Coverage
Storm Water Revenue Bonds
104
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D EMOGRAPHIC AND ECONOMIC INFORMATION
Total Per Capita
Personal Personal Median School Unemployment
Year Population (1) Income (2) Income (3)Age (4)Enrollment (5)Rate (6)
2013 66,653 1,459,767,353$ 21,901$ 32.8 11,465 5.9%
2012 66,325 1,573,162,675 23,719 33.5 11,323 6.9%
2011 66,083 1,550,703,678 23,466 34.1 11,399 7.4%
2010 66,080 1,678,299,840 25,398 35.2 10,213 7.0%
2009 64,350 1,795,365,000 27,900 33.8 10,331 8.4%
2008 63,680 2,521,091,200 39,590 49 10,335 4.9%
2007 65,810 2,514,402,670 38,207 49 10,374 4.6%
2006 65,510 2,585,548,680 39,468 46 10,299 4.8%
2005 65,445 2,253,009,570 34,426 n/a 10,256 5.0%
2004 65,095 2,217,981,935 34,073 n/a 10,304 5.1%
Source:
(1) U.S. Census Bureau, http://quickfacts.census.gov
(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/lbstat/pubdata2.html
(6) Wisconsin Department of Workforce Development Website: worknet.wisconsin.gov
December 31, 2013
City of Oshkosh, Wisconsin
Demographic and Economic Statistics
Last Ten Years
105
THIS PAGE INTENTIONALLY LEFT BLANK
OPERATING INFORMATION
2003
Percentage of Oshkosh
Total City Financial
Employees Employment Report
Manufacturing
Oshkosh Corporation 3,250 7.83%1,703
Bemis (all Oshkosh locations)2,265 5.46%2,055
Miles Kimball Company 650 1.57%400
Hoffmaster, A Solo Cup Company,461 1.11%491
(Scott Worldwide Food Service)
Lapham-Hickey Steel 256 0.62%119
Muza Metal Products 250 0.60%-
Non-Manufacturing
Aurora Medical Center & Aurora Group 829 2.00%400
U S Bank (Firstar)1,081 2.60%-
Affinity - Mercy Medical Group 735 1.77%1,962
4imprint (Nelson Marketing)541 1.30%292
Clarity Care (Residential Care RCDD)402 0.97%-
Wal-Mart 318 0.77%270
Lutheran Homes of Oshkosh 286 0.69%256
Oshkosh Community YMCA 200 0.48%-
United Parcel Service 200 0.48%-
Government
University of WI - Oshkosh 1,483 3.57%1,344
Oshkosh Area School District 1,388 3.34%1,389
Winnebago County 996 2.40%1,079
City of Oshkosh-, includes:600 1.45%600
511 FT, 50 PT, 39 Seasonal,
(source: Assistant Personnel Director, City Oshkosh)
Winnebago Mental Health Institute 527 1.27%720
Oshkosh Correctional Institution 519 1.25%518
CESA6 200 0.48%240
Oshkosh's Labor Force Estimates 41,506
Source: Oshkosh Chamber of Commerce
Source: State of Wisconsin - Northeast WI Office of Economic Advisors -
Wisconsin Department of Workforce Development
Principal Employers
CITY OF OSHKOSH, WISCONSIN
Current Year and Ten Years Ago
2013
December 31, 2013
106
2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
General Fund
General Government
Manager 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00
Attorney 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Human Resources 6.00 6.00 5.00 5.00 5.00 5.00 5.00 5.00 4.00 4.00
Clerk 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Finance 12.00 12.00 12.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00
Purchasing 3.00 3.00 3.00 3.00 3.00 2.00 2.00 3.00 3.00 3.00
Central Services - - 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
I T / Central Services 7.40 7.40 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00
Facilities Maint.5.00 5.00 5.00 4.00 4.00 4.00 4.00 4.00 4.00 3.00
Media Services 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Public Safety
Safety 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
Police 114.00 116.00 116.00 116.00 116.00 116.00 116.00 117.00 118.00 117.00
Fire 107.00 108.00 108.00 108.00 108.00 108.00 108.00 109.00 109.00 103.00
Public Works
Public Works Admin.3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Engineers 12.00 12.00 12.00 11.00 11.00 11.00 12.00 13.00 13.00 12.00
Streets 29.00 29.00 31.00 31.00 31.00 30.00 32.00 33.00 34.00 40.00
Central Garage 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00
Garbage 8.00 9.25 10.00 11.00 11.00 11.00 11.00 13.00 13.00 13.00
Parks
Parks 15.64 15.64 15.64 15.50 15.50 15.50 15.50 16.50 16.50 16.50
Forestry 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00
Community Development
Assessor 5.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00
Economic Development 3.00 - - - - - - - - -
Planning 7.50 9.90 9.90 9.50 9.50 9.50 9.50 9.00 9.00 9.00
Inspection Services 7.50 10.50 10.50 10.50 10.50 10.50 10.50 10.00 10.00 10.00
Transportation
Trans. Electric/Sign 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00
Special Revenue Funds
Parks
Cemetery 3.00 3.00 3.70 4.00 4.00 4.00 4.00 4.00 4.00 4.00
Senior Services 5.00 5.00 5.00 5.00 5.00 6.00 6.00 6.00 6.00 5.00
Parks Revenue Facilities 0.36 0.36 0.36 0.50 0.50 0.50 0.50 0.50 0.50 0.50
Public Works
Recycling 5.00 5.00 5.00 5.00 6.00 7.00 7.00 7.00 7.00 7.00
Other
Health Services - - 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00
Health Srvcs/Nurses - - 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Library 40.25 40.25 32.05 32.50 31.60 31.60 32.50 35.90 36.90 36.40
Museum 10.00 10.00 10.00 10.00 10.00 9.00 10.00 10.00 10.00 10.00
Housing - - - - - - - 14.00 14.00 16.00
Enterprise Funds
Golf Course 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00
Transit Utility 28.00 28.00 28.00 28.00 28.00 28.00 28.00 28.00 28.00 28.00
Parking Utility 1.00 1.00 1.00 1.00 1.00 2.00 2.00 2.00 2.00 3.00
Water Utility 35.05 35.05 32.85 32.85 31.33 31.33 31.00 31.00 31.00 33.00
Sewer Utility 33.70 33.70 32.67 32.67 32.33 32.33 34.00 34.00 34.00 32.50
Storm Utility 10.50 10.50 8.00 8.00 7.33 7.00 7.00 7.00 7.00 2.00
Total Full-time Equivalent 549.90 557.55 555.67 557.02 554.59 554.26 560.50 584.90 586.90 580.90
Source: City of Oshkosh Finance Department - Annual Budget
CITY OF OSHKOSH, WISCONSIN
Full-time Equivalent City Government Employees by Function/Program
Last Ten Fiscal Years
December 31, 2013
107
MISCELLANEOUS GENERAL DATA
2004 Estimate
2005 Estimate
2006 Estimate
2007 Estimate
2008 Estimate
2009 Estimate
2010 Estimate
2011 Estimate
2012 Estimate
2013 Estimate
Year No.No.
2004 152 6,198
2005 87 5,477
2006 77 5,237
2007 69 5,217
2008 43 6,193
2009 20 6,130
2010 30 5,104
2011 50 1,834
2012 42 2,646
2013 33 2,439
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Water (3)22,742 22,925 22,960 22,893 23,352 23,451 23,512 23,547 23,823 24,225
Electric (4)41,736 44,531 41,659 42,492 42,910 43,038 43,382 43,729 43,861 44,343
Gas (4)31,168 31,611 31,494 32,123 32,441 32,505 32,667 32,867 32,987 33,019
(1) Source: U.S. Census Bureau / WI Dept. of Admin.
(2) Source: City of Oshkosh Inspections Department
(3) Source: WI Public Service Commission http://www.psc.wi.gov
(4) Source: Wisconsin Public Service Corporation
BUILDING PERMITS (2)
ECONOMICS
CITY OF OSHKOSH, WISCONSIN
December 31, 2013
66,653
POPULATION - CITY OF OSHKOSH (1)
65,095
65,510
65,445
65,810
74,563,467
98,876,033
121,914,846
95,870,311
64,463,673
65,920
64,350
66,080
66,083
66,325
51,095,915
77,672,133
66,248,867
Value
26,630,612$
13,660,642
17,872,562
21,982,261
9,846,277
94,001,548$
UTILITY CUSTOMERS AT YEAR END - CITY OF OSHKOSH
New Residential: Single,
Family, and Apartments Total of All Permits
5,173,400
9,823,490
21,705,692
26,119,317
25,447,066
Value
74,950,553
108
YEAR
TOTAL
UNITS
SINGLE
FAMILY
TWO
FAMILY
MULTIPLE
FAMILY
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 - 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
2013 28 23 - 5
5,180 1,891 345 2,944
Source: City of Oshkosh Department of Community Development
City of Oshkosh, Wisconsin
NEW DWELLING UNITS CONSTRUCTED
1994-2013
109
Rates:
Quarterly Volume Charge
First 3,000 cubic feet (CU FT)$3.71 per 100 CU. FT.
Next 7,000 cubic feet 3.55 per 100 CU. FT.
Next 190,000 cubic feet 3.27 per 100 CU. FT.
Over 200,000 cubic feet 3.01 per 100 CU. FT.
100 CU. FT. = 748 Gallons
Minimum Quarterly Charge
Meter Size Service
Public Fire
Protection
5/8" & 3/4"18.00$ 6.60$
1"28.50 16.35
1-1/4"37.50 24.60
1-1/2"44.10 33.00
2"69.00 52.50
3"117.00 99.00
4"174.00 163.50
6"306.00 327.00
8"450.00 522.00
10"651.00 780.00
12"852.00 1,035.00
Billings Usage (00's)
Oshkosh Correctional Institute $ 479,049.57 144,245
UW Oshkosh 267,400.21 70,776
Bemis / Curwood/Milprint 222,378.92 68,260
Pepsi Bottling 185,678.02 59,513
Oshkosh Corporation 178,822.20 52,199
Midwest Realty Management 118,940.50 25,389
Winnebago Mental Health 102,202.56 29,318
Winnebago County 94,341.01 22,922
Hydrite Chemical 93,766.44 29,064
Oshkosh Area School District 90,487.43 21,439
Note - Rate increase being implemented April 29,2014, see City's website for new rates.
WATER UTILITY
Top Ten Users / Customers
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION
December 31, 2013
110
Rates:
Quarterly Volume Charge
Charge per 100 cubic Feet $3.29 100 CU. FT. = 748 Gallons
Unmetered Customers:
Fixed Quarterly Charge
(based on 16 CCF/quarter)$80.90
Special Charges:
Meter Reading & Billing Charge
for non-sewer deduct meters,
per billing period.$5.00
Fixed Quarterly Charge
Meter Size Charge Meter Size Charge
5/8" & 3/4"$19.36 4"$200.86
1"31.46 6"389.62
1-1/4"39.93 8"615.89
1-1/2"49.61 10"917.18
2"72.60 12"1,218.47
3"125.84
Billings Usage (00's)
Oshkosh Correctional Institute $ 365,410.96 109,133
UW Oshkosh 169,113.32 46,864
Winnebago County 195,076.81 56,307
Oshkosh Corporation 128,180.40 37,173
Bemis / Curwood / Milprint 101,387.45 29,765
City of Oshkosh 99,396.74 27,425
State of WI - Drug Abuse Correctional Ctr. 91,481.09 27,057
Winnebago Mental Health 88,705.88 25,728
Midwest Realty Management 73,211.67 19,408
Gabert & Rusch 60,191.50 15,275
Note - Rate increase being implemented January 1,2014, see City's website for new rates.
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION (Continued)
December 31, 2013
SEWER UTILITY
Top Ten Users / Customers
111
Rates:
Quarterly Equivalent Runoff Unit (ERU)
Charge per ERU $26.92
Small Residential (Impervious area < 1,750 square feet)0.67 ERU
Average Residential (Impervious area > 1,750 1.00 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
Billings ERU'S
Winnebago County $ 431,861.93 4,971.6315
Oshkosh Corporation 158,476.74 2,089.7552
City of Oshkosh 161,309.98 2,087.2393
State of Wisconsin 131,466.19 1,474.3917
Oshkosh Area School District 113,776.22 1,231.4740
UW Oshkosh 84,418.63 1,229.0786
Bemis / Curwood / Milprint 90,695.69 1,212.5211
Experimental Aircraft Association 82,789.98 853.6387
Bergstrom 56,594.22 654.4608
BFO Factory Outlets 30,419.82 408.4751
Note - Rate increase being implemented April 1,2014, see City's website for new rates.
Top Ten Users / Customers
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION (Continued)
December 31, 2013
STORM WATER UTILITY
112
2011 2012 2013 2013 2014
ACTUAL ACTUAL BUDGETED ESTIMATED PROPOSED
REVENUES REVENUES REVENUES REVENUES BUDGET
TAXES LEVIED BY CITY
General Property Tax 0072-4102 29,488,165$ 30,118,300$ 30,604,908$ 30,597,700$ 32,031,000$
Municipal Owned Utility 0072-4112 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Snow Removal 0072-4172 49,267 20,809 33,000 45,000 35,000
Weed Cutting 0072-4171 43,401 39,097 40,000 35,000 40,000
Mobile Home Tax 0072-4108 115,155 118,486 117,000 122,000 123,000
Payment in Lieu of Taxes 0072-4118 188,116 78,486 120,000 84,500 90,000
TOTAL TAXES LEVIED 30,884,104 31,375,178 31,914,908 31,884,200 33,319,000
LICENSES & PERMITS
Heating 0750-4377 78,839 72,435 85,700 78,000 82,400
Liquor License 0050-4322 130,983 133,051 133,000 131,000 133,000
Cigarette License 0050-4358 6,915 6,815 7,000 6,400 6,400
Sundry License 0050-4972 39,102 32,094 33,000 31,300 32,000
Assessor Fees 0080-4390 - - - - 74,600
Electric Permits 0750-4376 83,805 79,314 91,200 88,000 93,600
Building Permits 0750-4374 274,656 381,744 319,700 410,000 417,600
Plumbing Permits 0750-4378 80,380 75,340 77,400 78,000 84,300
Flammable Tank Fees 0750-4384 965 2,085 2,000 950 1,000
Housing Fees 0750-4386 3,600 3,600 3,600 3,600 3,600
Code Seals & Plan. Fees 0750-4383 455 665 600 650 600
Code Enforcement 0750-4388 - - 25,000 14,200 14,000
Weights & Measures 0750-4381 - 63,954 45,000 63,000 60,000
Zoning Ordinances 0740 / 750 - 4334 42,020 45,967 48,500 46,000 46,000
TOTAL LICENSES & PERMITS 741,720 897,064 871,700 951,100 1,049,100
FINES & COSTS
County Court 0211-4406 277,815 286,289 297,700 292,000 260,000
Police Department 0211-4402 419,786 407,072 500,000 475,000 475,000
Penalties 0072-4120 88,291 78,507 80,200 85,600 85,000
TOTAL FINES & COSTS 785,892 771,868 877,900 852,600 820,000
STATE & COUNTY AIDS
Town Aid - Cable TV 1010-4252 10,100 10,605 10,600 11,100 11,100
Town Ambulance Aid 0240-4251 20,614 77,098 77,100 78,600 78,600
Aid to Local Streets 0073-4228 2,966,375 2,718,309 2,876,600 2,875,100 2,826,600
Municipal Services 0073-4232 & 4236 1,115,138 936,185 972,600 1,016,400 1,011,800
State Shared Aids 0073-4210 10,804,564 9,670,727 9,668,300 9,671,900 9,669,400
State/Fed Aids-Transportation 0211 & 0810-4236 - 11,321 12,600 5,000 5,000
State Aids - Fire 0230-4236 132,877 137,911 137,900 140,600 140,600
Aids-Police 0211-4206 & 4226 & 4253 262,447 366,065 238,800 209,200 166,400
State Computer Credit 0073-4237 111,569 153,032 125,000 159,300 155,000
Expenditure Restraint 0073-4238 1,196,054 1,137,104 1,105,800 1,105,800 1,060,800
TOTAL STATE & CO. AIDS 16,619,738 15,218,357 15,225,300 15,273,000 15,125,300
USE OF MONEY & PROPERTY
Interest on Investments 0073-4908 222,513 197,247 250,000 150,000 218,000
Interest on Special Assessments 0072-4910 259,636 311,013 261,000 315,000 275,000
Rent 0073-4922 - 4926 610 30 100 100 100
TOTAL USE OF MONEY & PROP.482,759 508,290 511,100 465,100 493,100
CITY OF OSHKOSH, WISCONSIN
BUDGET FOR 2014 - REVENUES
113
2011 2012 2013 2013 2014
ACTUAL ACTUAL BUDGETED ESTIMATED PROPOSED
REVENUES REVENUES REVENUES REVENUES BUDGET
CHARGES FOR CURRENT SERVICES
Police Department Fees 0211- 4532-4972 120,599$ 192,954$ 162,500$ 160,000$ 150,000$
Fire Department Fees 0230-4534 88,612 147,798 208,700 183,800 160,000
Ambulance Fees 0240-4538 2,365,329 2,386,901 2,615,000 2,615,000 2,615,000
Engineering Fees 0420-4520 10,200 20,505 10,000 10,000 10,000
Street Services 0420 & 0430-4557 69,986 75,241 70,000 70,000 70,000
Electrical Department 0801-4520 39,925 43,569 40,000 48,100 40,000
Sign Department 0810-4520 5,355 2,348 3,500 6,800 4,300
Parks Revenues 0610 / 0620-4572 - 4972 35,604 26,375 26,000 27,500 26,000
City Clerk Fees 0050-4520 6,195 6,310 6,500 5,900 6,000
Community Development CDBG 0730 / 0740-4811 375,808 367,851 192,800 192,800 237,600
Community Development - TIF 0730 / 0740-4811 - - 226,500 226,500 320,000
Community Development - County Aids 0740-4240 - - 60,000 57,800 66,000
Comm Dev-Plan Review Fees-Econ Dev-0730-452 - - - - 25,000
Cable Access Fees 0150-4520 4,735 17,513 4,500 3,300 3,300
CATV Revenue 1010-4312 781,251 789,791 795,000 780,000 780,000
Property Search 0073-4519 17,205 19,490 20,000 21,800 21,000
Hazardous Materials 0230-4540 - 197 500 - 500
Garbage Fees 0470-4558 15,670 23,845 31,500 57,000 115,000
TOTAL CHGS. FOR CUR. SERV.3,936,474 4,120,688 4,473,000 4,466,300 4,649,700
INTERDEPARTMENTAL REVENUES
Materials & Labor-Utilities 0430-4812 907,133 699,968 595,000 595,000 600,000
Supervisor/Admin Labor-Util 0410,420,430-4814 295,444 288,177 295,000 288,500 293,000
Accounting Services-Utilities 0073-4806 518,712 456,648 516,000 430,000 470,000
Equipment/Labor Rental - Recycling 0480-4834 262,840 403,714 325,000 350,000 350,000
Computer Services - Utilities 0110-4822 162,800 162,800 164,400 164,600 166,400
Water G.O. Bond Abatement 0074-5275 1,612,130 1,361,287 1,365,600 1,365,600 1,306,300
Sewer G.O. Bond Abatement 0074-5273 1,767,581 1,626,633 1,534,000 1,534,000 1,520,700
Storm G.O. Bond Abatement 0074-5278 1,074,118 1,078,927 1,047,400 1,047,400 1,033,600
Parking G.O. Bond Abatement 0074-5272 56,335 54,369 57,700 53,000 55,800
Ind. Dev. G.O. Bond Abatement 0074-5270 423,847 419,996 405,500 405,400 398,000
TIF Districts G.O. Bond Abatement 0074-5274 3,123,563 3,534,596 3,751,300 3,979,786 4,092,600
Golf Course G.O. Bond Abatement 0074-5277 6,006 6,009 6,100 6,100 6,000
Centre G.O. Bond Abatement 0074-5261 211,917 219,485 216,400 216,400 223,700
Cable TV G.O. Bond Abatement 0074-5279 69,909 73,057 6,800 6,800 6,700
Build America Bond Credits 431,615 433,563 419,500 408,100 402,800
TSF From Other Funds 0074-5299 578,251 354,513 - - -
Engineering Fees-Const. 0420-4555 1,599,862 1,948,338 850,000 1,000,000 1,000,000
TOTAL INTER. DEP. REV.13,102,063 13,122,080 11,555,700 11,850,686 11,925,600
UNCLASSIFIED
Sundry Revenue 0073 etc - 4952-4972 168,968 105,886 137,500 150,000 140,000
Bond Proceeds 0073-5302 59,336 63,122 - - -
Approp. from Debt Svc. Fund 0073-5308 - - 460,000 460,000 350,000
TOTAL UNCLASSIFIED 228,304 169,008 597,500 610,000 490,000
TOTAL REVENUES 66,781,054$ 66,182,533$ 66,027,108$ 66,352,986$ 67,871,800$
CITY OF OSHKOSH, WISCONSIN
BUDGET FOR 2014 - REVENUES (Continued)
114
PAYROLL PAYROLL CONTRAC-MATERIALS
DIRECT INDIRECT TUAL UTILITIES FIXED AND CAPITAL TOTAL
LABOR LABOR SERVICES CHARGES SUPPLIES OUTLAY BUDGET
GENERAL GOVERNMENT
City Council 28,500$ 2,200$ 13,000$ -$ -$ 3,000$ -$ 46,700$
City Manager 182,400 69,900 14,800 - - 1,200 - 268,300
City Attorney 241,900 117,900 56,900 - - 8,400 - 425,100
Human Resources 368,600 138,400 89,900 - - 4,300 - 601,200
City Clerk 169,500 77,700 10,900 - - 3,200 - 261,300
Elections 84,400 1,400 11,700 400 - 5,000 12,800 115,700
Finance 670,300 263,300 4,500 - - 3,600 - 941,700
Purchasing 161,300 55,900 4,400 - - 1,400 - 223,000
Information Technology Division 426,100 173,500 386,800 37,800 100 71,900 49,800 1,146,000
Insurance - - - - 605,600 - - 605,600
Facilities Maintenance 227,500 111,900 74,700 208,900 1,600 37,200 - 661,800
Independent Audit - - 23,200 - - - - 23,200
Media Services 145,600 50,400 2,100 500 - 2,100 - 200,700
TOTAL GENERAL GOVERNMENT 2,706,100 1,062,500 692,900 247,600 607,300 141,300 62,600 5,520,300
PUBLIC SAFETY
Police 8,119,300 3,401,700 194,300 42,200 100 148,300 186,000 12,091,900
Animal Care - - 74,200 - - - - 74,200
Fire & Ambulance 7,877,300 3,105,700 131,000 119,900 200 252,400 21,500 11,508,000
Hydrant Rental - - 650,000 - - - - 650,000
Auxiliary Police - - 1,300 100 - 3,400 - 4,800
Crossing Guards 106,400 8,100 - - - - - 114,500
Police & Fire Commission - - 5,800 - - 200 - 6,000
TOTAL PUBLIC SAFETY 16,103,000 6,515,500 1,056,600 162,200 300 404,300 207,500 24,449,400
PUBLIC WORKS
Public Works - Administration 267,800 97,800 3,100 - 200 800 - 369,700
Engineering 765,900 349,900 16,300 4,500 300 15,900 - 1,152,800
Streets - General 1,499,100 752,300 61,400 5,000 600 407,900 - 2,726,300
Central Garage 412,100 224,100 79,700 115,400 1,200 1,141,200 - 1,973,700
TOTAL PUBLIC WORKS 2,944,900 1,424,100 160,500 124,900 2,300 1,565,800 - 6,222,500
PARKS & OTHER FACILITIES
Parks 840,400 361,700 43,200 209,900 500 162,000 - 1,617,700
Forestry 200,100 85,100 29,200 - - 17,800 - 332,200
TOTAL PARKS & OTHER FAC.1,040,500 446,800 72,400 209,900 500 179,800 - 1,949,900
CITY OF OSHKOSH, WISCONSIN
2014 OPERATING BUDGET BY FUNCTION
115
PAYROLL -PAYROLL -CONTRAC-MATERIALS
DIRECT INDIRECT TUAL UTILITIES FIXED AND CAPITAL TOTAL
LABOR LABOR SERVICES CHARGES SUPPLIES OUTLAY BUDGET
COMMUNITY DEVELOPMENT
Assessor 300,300$ 136,100$ 77,500$ -$ -$ 4,000$ -$ 517,900$
Economic Development 374,100 117,600 108,300 200 100 4,800 - 605,100
Planning Services 479,800 155,100 64,300 100 - 4,300 - 703,600
Inspection Services 393,600 174,700 104,800 5,500 800 6,500 - 685,900
TOTAL COMMUNITY DEV.1,547,800 583,500 354,900 5,800 900 19,600 - 2,512,500
DEPT. OF TRANSPORTATION
Electric 289,500 108,300 11,600 34,000 100 41,800 - 485,300
Sign 101,800 23,800 11,500 3,100 - 50,900 - 191,100
TOTAL DEPT. OF TRANS.391,300 132,100 23,100 37,100 100 92,700 - 676,400
UNCLASSIFIED
Unemployment Compensation - 30,000 - - - - - 30,000
Uncollectible Accounts - - 465,000 - - - - 465,000
Employee Benefit Fees - - 14,000 - - - - 14,000
Patriotic Celebration - - 20,000 - - - - 20,000
Adjustment of Salaries 73,000 - - - - - - 73,000
Unclassified Expenses - - 120,000 - - - - 120,000
Mobile Trailer Tax - - 41,000 - - - - 41,000
Industrial Development - - - - - - - -
TOTAL UNCLASSIFIED 73,000 30,000 660,000 - - - - 763,000
TOTAL BUDGET 24,806,600 10,194,500 3,020,400 787,500 611,400 2,403,500 270,100 42,094,000
Budget for Recycling 256,200 120,800 405,200 300 100 100,300 170,700 1,053,600
Budget for Garbage Collect & Disp 377,200 201,200 588,300 - 7,400 42,900 - 1,217,000
Budget for Street Lighting - - 3,000 1,055,000 - 51,700 - 1,109,700
Budget for Senior Services 313,900 145,500 25,900 54,500 8,000 5,300 4,000 557,100
Budget for "GO" Transit Utility 1,615,400 711,900 1,566,000 38,500 116,400 524,900 97,000 4,670,100
Budget for Library 1,796,900 709,500 384,700 130,100 18,900 382,800 - 3,422,900
Budget for Museum 580,600 218,400 120,200 56,600 13,800 38,200 21,500 1,049,300
Budget for Grand Opera House - - 63,900 - 7,900 1,000 - 72,800
Budget for Cemetery 203,600 82,900 7,500 29,800 8,500 26,000 - 358,300
Budget for Health Services - - - - - - - -
Budget for Leach Amphitheater 8,000 700 23,500 26,700 200 15,700 - 74,800
Budget for Pollock Comm Wtr Park 40,000 3,100 158,500 64,300 6,500 45,300 10,000 327,700
Budget for Equipment Fund - - - - - - 1,000,000 1,000,000
TOTAL OPERATING BUDGET 29,998,400$ 12,388,500$ 6,367,100$ 2,243,300$ 799,100$ 3,637,600$ 1,573,300$ 57,007,300$
CITY OF OSHKOSH, WISCONSIN
2014 OPERATING BUDGET BY FUNCTION (Continued)
116
CITY OF OSHKOSH
PER $1,000 2013 2012 INCREASE
OF TAXES TAX RATE TAX RATE (DECREASE)
State 0.650 % $0.170 $0.171 $(0.001)
County 21.293 5.567 5.890 (0.323)
Area Schools 35.012 9.154 8.892 0.262
Area Vocational 7.547 1.973 1.982 (0.009)
City Tax 35.498 9.281 8.937 0.344
100.000 $26.145 $25.872 $0.273
State Credit 1.277 1.257 0.020
$24.868 $24.615 $0.253
2014 LEVY - 2013 TAX RATE
State
0.650%
County
21.293%
Area Schools
35.012% Area
Vocational
7.547%
City Tax
35.498%
117
CITY OF OSHKOSH
2014 2013 INCREASE
SOURCE OF FUNDS AMOUNT PER CENT PER CENT (DECREASE)
Property Tax Levy $32,031,000 47.22%46.35%0.87%
Other Tax Revenue 1,288,000 1.90%1.99%-0.09%
State Expenditure Restraint Revenue 1,060,800 1.56%1.67%-0.11%
State Shared Revenue 9,669,400 14.25%14.64%-0.39%
Aid to Local Streets 2,826,600 4.16%4.36%-0.20%
Other State & County Aids 1,568,500 2.31%2.38%-0.07%
Licenses, Permits, Fines 1,869,100 2.76%2.66%0.10%
Interdepartmental Charges 11,925,600 17.58%17.50%0.08%
Interest on Investments / Special Assessments 493,100 0.69%0.77%-0.08%
Miscellaneous Revenue 490,000 0.72%0.91%-0.19%
Charges for Services 4,649,700 6.85%6.77%0.08%
Per Council Resolution 14-144 3/25/14 $67,871,800 100.00%100.00%
SOURCE OF FUNDS
Property Tax Levy
47.22%
Other Tax Revenue
1.90%
State Expenditure
Restraint Revenue
1.56%
State Shared
Revenue
14.25%
Aid to Local
Streets
4.16%
Other State &
County Aids
2.31%
Licenses, Permits,
Fines
2.76%
Interdepartmental
Charges
17.58%
Interest on
Investments
/ Special
Assessments
0.69%
Miscellaneous
Revenue
0.72%
Charges for
Services
6.85%
118
CITY OF OSHKOSH
2014 2013 INCREASE
USE OF FUNDS AMOUNT PER CENT PER CENT (DECREASE)
Parks 2,289,000 3.37%3.42%-0.05%
Debt Services 18,054,300 26.60%26.41%0.19%
Library, Museum, GOH 3,184,000 4.69%4.87%-0.18%
Miscellaneous 1,783,400 2.63%3.27%-0.64%
Police 12,288,400 18.11%17.71%0.40%
Transportation 2,357,600 3.47%3.72%-0.25%
Fire and Ambulance 12,161,000 17.92%17.30%0.62%
General Government 5,520,300 8.13%7.98%0.15%
Public Works 7,439,500 10.96%11.35%-0.39%
Community Development 2,512,500 3.70%3.53%0.17%
Senior Services 281,800 0.42%0.44%-0.02%
Per Council Resolution 14-144 3/25/14 $67,871,800 100.00%100.00%
USE OF FUNDS
Parks
3.37%
Debt Services
26.60%
Library, Museum,
GOH
4.69%
Miscellaneous
2.63%
Police
18.11%
Transportation
3.47%
Fire and
Ambulance
17.92%
General
Government
8.13%
Public Works
10.96%
Community
Development
3.70%
Senior Services
0.42%
119
CITY OF OSHKOSH
AMOUNT PER CENT
Payroll - Direct Labor $29,998,400 39.95 %
Agency Funds 20,400 0.03
Payroll - Indirect Labor 12,388,500 16.50
Fixed Charges 799,100 1.06
Debt Retirement 18,054,300 24.05
Contractual Services 6,367,100 8.48
Utilities 2,243,300 2.99
Materials & Supplies 3,637,600 4.84
Capital Outlay 1,573,300 2.10
$75,082,000 100.00 %
2014 BUDGET - USE OF FUNDS BY FUNCTION
Payroll - Direct Labor
39.95%
Agency Funds
0.03%
Payroll - Indirect
Labor
16.50%
Fixed Charges
1.06%
Debt Retirement
24.05%
Contractual Services
8.48%
Utilities
2.99%
Materials & Supplies
4.84% Capital Outlay
2.10%
120
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