HomeMy WebLinkAbout2014CAFRCity of
Oshkosh
ANNUAL FINANCIAL REPORT
Including Auditor’s Report
For the fiscal year ending
December 31, 2014
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 - 9
Oshkosh Unified School District 10
FINANCIAL SECTION
Independent Auditors' Report 11 - 12
Management's Discussion and Analysis 13 - 22
BASIC FINANCIAL STATEMENTS
Government-wide Financial Statements
Statement of Net Position 23
Statement of Activities 24 - 25
Fund Financial Statements
Balance Sheet - Governmental Funds 26 27
Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds 28 - 29
Statement of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual - General Fund 30
Statement of Net Position - Proprietary Funds 31 - 32
Statement of Revenues, Expenses and Changes in Net Position -
Proprietary Funds 33 - 34
Statement of Cash Flows-Proprietary Funds 35 - 36
Statement of Net Position-Fiduciary Funds 37
Notes to Basic Financial Statements 38 - 63
December 31, 2014
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2014
Page No.
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Other Post Employment Benefit Information 64
SUPPLEMENTARY INFORMATION
Combining Balance Sheet - Nonmajor Governmental Funds 65
Combining Balance Sheet - Nonmajor Special Revenue Funds 66 - 69
Combining Balance Sheet - Nonmajor Capital Project Funds 70 - 74
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Governmental Funds 75
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Special Revenue Funds 76 - 79
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Capital Projects Funds 80 - 84
Combining Statement of Net Position-Nonmajor Enterprise Funds 85
Combining Statement of Revenues, Expenses and Changes in Net Position -
Nonmajor Enterprise Funds 86
Combining Statement of Cash Flows-Nonmajor Enterprise Funds 87
Combining Statement of Net Position - Internal Service Funds 88
Combining Statement of Revenues, Expenses and Changes in Net Position-
Internal Service Funds 89
Combining Statement of Cash Flows - Internal Service Funds 90
Table of Contents (Continued)
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2014
Page No.
STATISTICAL SECTION
Net Investment in Capital Assets 91
Changes in Net Position 92 - 93
Fund Balances, Governmental Funds 94
Changes in Fund Balance, Governmental Funds 95
Assessed and Estimated Actual Value of Taxable Property 96
Property Tax Rates - Direct and Overlapping Governments 97
Principal Taxpayers 98
Property Tax Levies and Collections 99
Ratios of Outstanding Debt by Type 100
Ratios of Net General Bonded Debt Outstanding 101
Direct and Overlapping Governmental Activities Debt 102
Legal Debt Margin Information 103
Pledged-Revenue Coverage
Water Revenue Bonds 104
Sewer Revenue Bonds 105
Storm Water Revenue Bonds 106
Demographic and Economic Statistics 107
Principal Employers 108
Full-time Equivalent City Government Employees by Function / Program 109
Capital Asset Statistics by Function / Program 110
Operating Indicator by Function / Program 111
Economics - Population, Building Permits, and Utility Customers 112
New Dwelling Units Constructed 113
Utility Information 114 - 116
Budgeted Revenues 117 - 119
Operating Budget by Function 120 - 121
Pie Charts -
Levy Rate 122
Source of Funds (Where the Money Comes From)13
Use of Funds (Where the Money Goes)124
Use of Funds by Function (How the Money Goes)125
Table of Contents (Continued)
INTRODUCTORY SECTION
City of Oshkosh
215 Church Ave., PO Box 1130
Oshkosh, WI 54903-1130
August 11, 2015
Honorable Mayor and Council Members,
City of Oshkosh:
The Annual Financial Report of the City of Oshkosh, Wisconsin, for the fiscal year ended
December 31, 2014, is submitted herewith. This report was prepared by the City’s Department
of Finance. Responsibility for both the accuracy of the presented data and the completeness
and fairness of the presentation, including all disclosures, rests with the City. We believe the
data as presented is accurate in all material respects; that it is presented in a manner designed
to fairly set forth the financial activities of the City and its various funds and account groups; and
that all of the disclosures necessary to enable the reader to gain the maximum understanding of
the City’s financial activities have been included.
ACCOUNTING SYSTEM AND BUDGETARY CONTROL
The City’s accounting records for general government operations are maintained on a
modified accrual basis, with the revenues being recorded when available and measurable and
expenditures being recorded when the services or goods are received and the liabilities are
incurred. Accounting records for the City’s utilities and other enterprise funds are maintained on
an accrual basis.
In developing and modifying the City’s accounting system, consideration is given to the
adequacy of internal accounting controls. Internal accounting controls are designed to provide
reasonable, but not absolute, assurance regarding:
1) the safeguarding of assets against loss from unauthorized use or disposition and
2) the reliability of financial records for preparing financial statements and maintaining
accountability for assets.
The concept of reasonable assurance recognizes that:
1) the cost of a control should not exceed the benefits likely to be derived and
2) the evaluation of costs and benefits requires estimates and judgment by
management.
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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, 2014.
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, 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 2014 was:
AMOUNT
RATIO OF DEBT TO
EQUALIZED VALUE DEBT PER CAPITA
Direct Bonded Debt $147,228,958 3.93% $2,205
Outstanding general obligation bonds at December 31, 2014 totaled $147,228,958 of
which $55,876 were issued for Parking Utility, $10,990,030 for Sewer Utility, $8,422,860 for
Water Utility, $2,200,000 for Industrial Park Fund, $888,275 for Transit System, $13,809 for
Golf Course, $1,195,000 for Oshkosh Center, and $8,379,768 for Storm Water Utility.
On November 5, 2014, $14,455,000 of General Obligation Corporate Purpose Bonds
and $2,615,000 of General Obligation Promissory Notes were sold at a net true interest rate of
2.2363%, and 1.6278% respectively.
Assessed valuation of $3,932,194,200 represented an increase of 0.46% from the
preceding year.
The City’s investment rating by Moody’s Investors Service as of December 31, 2014 was
an Aa3 rating.
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CITY OF OSHKOSH
COUNCIL MEMBERS AND PRINCIPAL OFFICERS
COUNCIL MEMBERS
Burk Tower, Mayor
Debra L. Allison-Aasby, Deputy Mayor
Steve Cummings
Sean Fitzgerald
Steve Herman
Thomas R. Pech, Jr.
Caroline Panske
PRINCIPAL OFFICERS
Mark A. Rohloff, City Manager
Trena Larson, Director of Finance
Tara J. Wendt, Assistant Director of Finance
ORGANIZATION CHART
City Council
&
Mayor
City
Manager
Director of
Finance
Assistant Director
of Finance
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THE CITY
The City is a political subdivision of the State incorporated in 1853, is the County
seat of Winnebago County, and is located on the western shore of Lake Winnebago in
the Fox River Valley 173 miles north of the City of Chicago, Illinois, and 275 miles east
of the cities of Minneapolis and St. Paul, Minnesota. The corporate limits of the City
encompass approximately 24.24 square miles and the population is currently 66,778.
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
Debra Allison-Aasby Deputy Mayor 2016
Steve Cummings Council Member 2016
Steven Herman Council Member 2015
Thomas R. Pech, Jr. Council Member 2015
Sean Fitzgerald Council Member 2015
Caroline Panske Council Member 2016
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, Trena Larson, 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. Prior to her appointment as Director of
Finance/Treasurer, Ms. Larson was the Administrative Coordinator and Finance Director
for Adams County. Ms. Larson has a Bachelor of Business Administration degree, with
a major in Organizational Management from Viterbo University.
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
6
community service officers, and 18 school crossing guards. The full-time mission of the
Oshkosh Police Department is to promote public safety and to enhance the quality of life
in our community through innovative policing and community partnerships.
FIRE DEPARTMENT – The Fire Department provides fire protection to residents
within the City and paramedic ambulance service to the City and surrounding
communities. The Fire Department, which is governed by a five member Police and Fire
Commission comprised of citizens appointed to five-year terms by the Mayor, maintains
six fire stations, which house the department’s 22 pieces of fire, safety and rescue
equipment. The department has 108 full-time employees.
PUBLIC LIBRARY – The Oshkosh Public Library serves approximately 34,000
cardholders from Oshkosh and surrounding towns through the main library, library
website, and deposit collections. Over 300,000 items in the collections are checked out
over 1,000,000 times in a year and over 400,000 visits are made to the library. Pursuant
to ch 43.54 of the Wis State Statutes, a Library Board of Trustees governs the Library.
MUSEUM – The Oshkosh Public Museum serves the community through
permanent, traveling, and virtual exhibitions, educational services and programs,
publications, and research facilities. The Museum is entrusted with the preservation,
care, and documentation of 250,000 objects, as well as historic photographs, film, and
archival materials. The Museum is governed by an eleven member Board which
includes the Superintendant of Schools, and School Board President.
DEPARTMENT OF PARKS – The Department of Parks develops and maintains
the City’s 440 acres of park and public areas including recreational facilities, Lakeshore
Municipal Golf Course, urban Forestry, Riverside Cemetery, Leach Amphitheater,
Pollock Community Water Park, Menominee Park Zoo, multi-purpose trail systems, river
walk, round-a-bouts, and Seniors Center.
MASS TRANSIT – The Transit System (GO Transit), consists of 16 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
the financing 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
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sewers, water mains, storm sewers, as well as construction management for these
projects.
The Street Division provides for maintenance of public roadways/alleys/parking
lots, and storm/sanitary sewers within those streets. Maintenance of storm sewer
facilities includes ditching and drainage work.
The Central Garage Division is responsible for repair, maintenance, and service
of City vehicles in twelve departments.
The Sanitation Division provides for collection of solid waste material from
residential properties which are one to four units in size. 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 2014. 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 2014 average daily flow was 12.72 MGD.
The Storm Water Utility is responsible for managing storm water runoff generated
within the City of Oshkosh. In addition to providing flood reduction benefits, the Storm
Water Utility is required to comply with the requirements of the Federal Clean Water Act,
administered by the Wisconsin Department of Natural Resources. These requirements
include reducing the amount of pollution discharging into Lake Winnebago from the
storm water generated within the City of Oshkosh.
DEPARTMENT OF TRANSPORTATION – The Department of Transportation
maintains and installs all signs, pavement markings, lighting systems, fiber optics, and
traffic signals for public streets, parks and city buildings.
CITY EMPLOYEES
The City presently has approximately 521 full-time, 43 part-time, and 34 seasonal
employees. Of which 13 are officials or administrators, 39 are supervisors/managers,
194 are involved in protective services. Certain groups of employees of the City,
including Fire, Police, and Transit are organized into labor unions for purposes of
conducting collective bargaining with the City. The contracts are in effect through 2017.
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.
8
Employees contribute the employees’ share of the WRS contribution. The City’s total
contribution to the Retirement Fund was $3,498,070 for the year ended December 31,
2014, 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, 2014 was $53,161.
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OSHKOSH UNIFIED SCHOOL DISTRICT
In 1982, new legislation in the State provided for the separation of school districts, as a
separate legal entity, from the City. As a result, the former Area School District is now known as
the Oshkosh Unified School District. The District includes the City of Oshkosh and the
surrounding territory and encompasses an area of approximately 111 square miles. With
respect to equalized values for the year 2014, 72.94% of the equalized valuation of the property
in the Unified School District is situated within the corporate limits of the City. This law further
provided that the assets of the school district (land, buildings, and equipment) formerly held in
the name of the City, be sold to the school district and that the school district issue their
promissory note in an amount equal to the outstanding debt (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 1,296 employees, both certified and non-certified.
The current enrollment has decreased by approximately 2.92% since the 2005-2014
school terms. The enrollment for the Unified School District for the past ten years is as follows:
Year Enrollment
2014/15 9,957
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
In addition to Unified School District operated schools, there are nine private and
parochial schools (kindergarten through grade 12). There are approximately 1,269 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 908
full-time equivalent students. The actual head count of students served is 5,007.
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FINANCIAL SECTION
INDEPENDENT AUDITOR S ’ REPORT
Schenck
CPAs 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 31,2014,and the related notes to the financial
statements,which collectively comprise the City's basic financial statements as listed In the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with
accounting principles generally accepted in the United States of America;this includes the design,implementation,and
maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from
material misstatement,whether due to fraud or error.
Auditors'Responsibility
Our responsibility is to express opinions on these financial statements based on our audit.We conducted our audit in
accordance with auditing standards generally accepted in the United States of America and the standards applicable to
financial audits contained in Government Auditing Standards,issued by the Comptroller General of the United States.
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements.The procedures selected depend on the auditors'judgment,including the assessment of the risks of material
misstatement of the financial statements,whether due to fraud or error. In making those risk assessments,the auditors
consider internal control relevant to the City's preparation and fair presentation of the financial statements in order to
design audit procedures that are appropriate in the circumstances,but not for the purpose of expressing an opinion on
the effectiveness of the City's Internal control.Accordingly,we express no such opinion.An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates
made by management,as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinions.
Opinions
In our opinion,the financial statements referred to above present fairiy, 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 31,2014,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 accordance with accounting principles generally accepted in the United States of America.
11
Appleton •Fond du Lac •Green Bay •Manitowoc •Milwaukee •Oshkosh •Sheboygan •Wausau schencksc.com •800-236-2246
Schenck5C
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 13 through 22 and page 64 be
presented to supplement the basic financial statements. Such infomiation,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 preparingthe infomriation and comparingthe infomiation 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 infomiation because the limited procedures
do not provide us with sufficient evidence to express an opinion or provideany assurance.
Other Infomiation
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,
and the other infomiation,such as the introductory and statistical sections, are presented for purposes of additional
analysis and are not a required part of the financial statements.
The supplementary information is the responsibility of management and was derived from and relates directly to the
underiying 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 tothe underiying 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 Statesof America.In our opinion,the
supplementary information is fairiy stated in all material respects in relation to the basicfinancial 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 opinionor provideany assurance on them.
Other Reporting Required by Government Auditing Standards
In accordance with Govemment Auditing Standards,we have also issued our report dated August 11,2015, 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 ourtesting of intemal control over financial reporting and compliance and the resultsofthat testing,
and notto 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 Govemment Auditing Standards in considering the City's internal control
over financial reporting and compliance.
Certified Public Accountants
Green Bay,Wisconsin
August 11,2015
12
MANAGEMENT ’S DISCUSSION AND ANALYSIS
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2014
13
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, 2014. 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, 2014 and 2013 by $78,245,952 and $67,315,323 (net position),
respectively. Of this amount, $4,617,998 and $10,845,337 (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 $10,930,629 and $7,826,771,
respectively. Several factors contributed to the overall changes.
The property tax rate rose 3.8% and 1.6%, respectively, per $1,000 of property value for the years
ended December 31, 2014 and 2013, respectively.
As of December 31, 2014 and 2013, the City’s governmental funds reported combined ending fund
balances of $55,879,392 and $55,451,773, an increase of $427,619 for 2014 and an increase of
$5,443,000 for 2013. Approximately 16% and 21% of this total amount, $8,881,683 and $11,887,883
is available for spending at the City’s discretion (assigned and unassigned fund balance),
respectively.
As of December 31, 2014 and 2013, unassigned fund balance for the general fund was $8,718,502
and $8,262,154, or approximately 21% and 20% of total general fund expenditures, respectively.
The City’s total general-obligation debt increased by $5,834,031 (4.1%) during 2014. The key factor
in this increase was the issuance of $27,303,802 of general obligation debt and $21,469,771 of
principal payments of general obligation debt.
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.
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, 2014
14
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.
Because the focus of governmental funds is narrower than that of the government -wide financial
statements, it is useful to compare the information presented for governmental funds with similar
information presented for governmental activities in the government-wide financial statements. This
comparison may help readers 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 66 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 62 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, special revenue
funds and certain capital project 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, 2014
15
Proprietary funds provide the same type of information as the government-wide financial statements, only
in more detail. The proprietary fund financial statements pro vide 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. In dividual
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 as
supplementary information 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
$242,171,578 and $222,208,578 at the close of 2014 and 2013, respectively.
Governmental Business-type
Activities Activities Total
2014 2014 2014
Current and other assets 117,649,443$ 65,508,305$ 183,157,748$
Capital assets 135,640,654 266,213,043 401,853,697
Total assets 253,290,097 331,721,348 585,011,445
Long-term liabilities outstanding 124,209,785 161,261,237 285,471,022
Other liabilities 10,742,463 5,786,360 16,528,823
Total liabilities 134,952,248 167,047,597 301,999,845
Deferred inflows of resources 40,091,897 748,125 40,840,022
Net position:
Net investment in capital assets 28,014,455 125,163,119 153,177,574
Restricted 45,613,499 11,074,504 56,688,003
Unrestricted 4,617,998 27,688,003 32,306,001
Total net position 78,245,952$ 163,925,626$ 242,171,578$
City of Oshkosh's Net Position
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2014
16
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
By far the largest portion of the City’s net position (63%) and (64%), 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 ca pital assets themselves
cannot be used to liquidate these liabilities.
An additional portion of the City’s net position (23%) and (21%), respectively, represents resources that
are subject to external restrictions on how they may be used. The remaining b alance of unrestricted net
position ($32,306,001) and ($32,251,879), 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, 2014
17
Change in net position. Governmental activities increased the City’s net position by $10,930,629 in
2014 and by $7,826,771 in 2013. Business-type activities increased the City’s net position by $9,032,371
in 2014 and by $7,250,098 in 2013. Total net position of the City increased in 2014 by $19,963,000 and
in 2013 by $15,076,869. Key elements of this change are as follows:
Governmental Business-type
Activities Activities Total
2014 2014 2014
Revenues:
Program revenues:
Charges for services 12,508,696$ 34,152,117$ 46,660,813$
Operating grants and contributions 4,992,789 2,980,554 7,973,343
Capital grants and contributions 4,408,415 3,621,003 8,029,418
General revenues
Property and other taxes 39,867,970 2,203,488 42,071,458
Grants and contributions not restricted to
specific programs 12,239,874 - 12,239,874
Other 6,522,019 97,561 6,619,580
Total revenues 80,539,763 43,054,723 123,594,486
Expenses:
General government 6,676,357 - 6,676,357
Public safety 25,326,105 - 25,326,105
Public works 15,963,233 - 15,963,233
Health and welfare 971,146 - 971,146
Park and recreation 8,835,806 - 8,835,806
Transportation 670,784 - 670,784
Community development 6,929,143 - 6,929,143
Unclassified 658,374 - 658,374
Interest of long-term debt 4,565,377 - 4,565,377
Transit utility - 4,836,746 4,836,746
Water utility - 10,616,162 10,616,162
Sewer utility - 10,018,765 10,018,765
Storm water utility - 5,410,733 5,410,733
Other - 2,152,755 2,152,755
Total expenses 70,596,325 33,035,161 103,631,486
Transfers 987,191 (987,191) -
Total expenses and transfers 69,609,134 34,022,352 103,631,486
Change in net position 10,930,629 9,032,371 19,963,000
Net position - January 1, 2014 67,315,323 154,893,255 222,208,578
Net position - December 31, 2014 78,245,952$ 163,925,626$ 242,171,578$
City of Oshkosh's Change in Net Position
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2014
18
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
Property and other taxes increased by $2,934,263 (7.5%) in 2014 and increased by $995,689 (2.6%)
in 2013.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2014
19
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, 2014 and 2013, the City’s governmental funds reported combined ending fund
balances of $55,879,392 and $55,451,773, an increase of $427,619 in 2014 and an increase of
$5,443,000 in 2013. Of the total fund balance, $400,590 and $1,185,196 constitutes unassigned fund
balance, which is available for spending at the City’s discretion. The remainder of fund balance is
nonspendable, restricted, committed or assigned to indicate that it is not available for new spending
because it has already been committed as follows:
2014 2013
Nonspendable
Inventories and prepaid items 33,723$ 13,477$
Receivables from other funds 480,191 6,082,872
Total nonspendable 513,914$ 6,096,349$
Restricted for
Construction of assets 28,384,271$ 22,344,280$
Debt service 3,437,177 3,398,285
Special purposes 3,763,430 3,121,059
Trust agreements 10,028,621 8,276,873
Total restricted 45,613,499$ 37,140,497$
Committed to
Special purposes 870,296$ 327,044$
Assigned to
Construction of assets 8,436,116$ 10,610,710$
Subsequent year's budget 44,977 91,977
Total assigned 8,481,093$ 10,702,687$
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 2014 and 2013, unassigned fund
balance of the general fund was $8,718,502 and $8,262,154, respectively, while total fund balance
reached $9,277,393 and $8,847,799, respectively. As a measure of the general fund’s liquidity, it may be
useful to compare both unassigned fund balance to total fund expenditures. Unassigned fund balance
represents 21% and 20% of total general fund expenditures.
The fund balance of the City’s general fund increased by $429,594 in 2014 and decreased by $538,852 in
2013.
The debt service fund has a total fund balance of $1,536,834 and $1,766,431, a decrease of $229,597 in
2014 and an increase of $167,957 in 2013.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2014
20
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 2014 and 2013 amounted to
$27,688,003 and $21,406,542, respectively. Net position increased $9,032,371 in 2014 and $7,250,098
in 2013.
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 2014 and 2013, actual revenues exceeded budgeted revenues by $308,734 and $898,382,
respectively, primarily in intergovernmental charges for services. Actual expenditures were less than
budgeted expenditures by $104,002 in 2014 and were more than budgeted expenditures by $57,242 in
2013, but this was offset by other financing sources being over budget by $16,858 in 2014 and over
budget by $140,932 in 2013.
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, 2014 and 2013, amounted to $401,853,697 and $384,663,249 (net of accumulated
depreciation), respectively. This investment in capital assets includes land, land improvements, buildings,
machinery and equipment, vehicles, public domain infrastructure (highways and bridge s), and
construction in progress. The City’s capital assets increased by $17,190,448 or 4% for 2014 and
increased by $22,966,796 or 6% for 2013.
Major capital asset acquired or constructed during the years ended 2014 and 2013 include:
The governmental activities include constructed streets in the amount of $2,238,521 and $3,018,245,
purchased land in the amount of $0 and $0, vehicles in the amount of $919,795 and $633,778, and
building improvements and contents in the amount of $376,421 and $134,223, respectively.
The business-type activities purchased additional land and improvements in the amount of
$2,449,615 and $0, and improvements to water, sewer and storm water utilities in the amount of
$16,043,225 and $33,570,151, respectively.
Governmental Business-type
Activities Activities Total
2014 2014 2014
Land 18,604,082$ 11,683,081$ 30,287,163$
Construction in progress 20,829,179 12,620,410 33,449,589
Buildings and systems 32,894,736 230,158,474 263,053,210
Machinery and equipment 23,065,368 11,751,078 34,816,446
Infrastructure 40,247,289 - 40,247,289
Total 135,640,654$ 266,213,043$ 401,853,697$
City of Oshkosh's Capital Assets
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2014
21
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
Long-term debt. At the end of 2014 and 2013, the City had total bonded debt outstanding of
$275,645,795 and $257,992,738, respectively. Of this amount, $147,228,958 and $141,394,927,
respectively, comprises debt backed by the full faith and credit of the government. The remainder of the
City’s debt represents bonds secured solely by specified revenue sources (i.e., revenue bonds).
Governmental Business-type
Activities Activities Total
2014 2014 2014
General obligation debt:
Bonds and notes 115,083,340$ 32,145,618$ 147,228,958$
Total general obligation debt 115,083,340 32,145,618 147,228,958
Revenue bonds - 128,416,837 128,416,837
Total 115,083,340$ 160,562,455$ 275,645,795$
City of Oshkosh's Outstanding Debt
Governmental Business-type
Activities Activities Total
2013 2013 2013
General obligation 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
The City’s total debt increased by $17,653,057 (6.8%) in 2014 and by $19,730,392 (8.3%) in 2013.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2014
22
The City maintains an Aa3 rating from Moody’s Investors Service for its general obligation debt as of
December 31, 2014. The water utility and sewer utility both maintain an Aa3 rating, while the storm water
utility maintains an A1 rating from Moody’s Investors Service for their respective revenue bonds as of
December 31, 2014.
State statutes limit the amount of general obligation debt the City may issue to 5% of its total equalized
valuation. The debt limitation for 2014 and 2013 for the City was $187,441,380 and $187,963,475,
respectively, which is significantly in excess of the City’s $147,228,958 and $141,394,927 outstanding
general obligation debt.
Economic Factors and Next Year’s Budgets and Rates
The economic condition and outlook of the City has remained fairly stable based on a relatively
healthy mix of manufacturing, tourism, service industry and retail activities which support our tax
base.
Inflationary trends in our region compare favorably to national indices.
All of these factors were considered in preparing the City’s budget for the 2015 fiscal year.
Contacting the City’s Financial Management
This financial report is designed to provide a general overview of the City’s finances for all those with an
interest in the City’s finances. Questions concerning any of the information provided in this report or
requests for additional financial information should be addressed to City of Oshkosh Finance Office, P. O.
Box 1130, Oshkosh, Wisconsin 54903-1130.
BASIC FINANCIAL STATEMENTS
Component Unit
Governmental Business-type Redevelopment
Activities Activities Total Authority
ASSETS
Cash and investments 65,048,994$ 7,779,642$ 72,828,636$ 142,746$
Receivables
Accounts, net 3,567,219 13,692,627 17,259,846 -
Taxes 40,122,092 748,125 40,870,217 -
Special assessments 9,951,929 - 9,951,929 -
Loans 4,018,829 - 4,018,829 -
Internal balances (5,093,343) 5,093,343 - -
Due from other governments - 310,779 310,779 -
Property held for resale - 6,664,629 6,664,629 -
Inventories and prepaid items 33,723 2,829,366 2,863,089 -
Restricted cash and investments - 28,387,034 28,387,034 636,000
Interest receivable - 2,760 2,760 -
Capital assets
Land and construction in progress 39,433,261 24,303,491 63,736,752 17,720,778
Other capital assets, net of accumulated
depreciation 96,207,393 241,909,552 338,116,945 -
TOTAL ASSETS 253,290,097 331,721,348 585,011,445 18,499,524
LIABILITIES
Accounts payable 2,587,056 3,465,932 6,052,988 -
Accrued expenses 1,915,496 - 1,915,496 -
Accrued interest payable 737,809 2,296,353 3,034,162 -
Due to other governments 3,939,134 - 3,939,134 -
Unearned revenues 121,083 2,675 123,758 -
Deposits 1,441,885 21,400 1,463,285 -
Long-term obligations
Due within one year 10,623,206 11,229,393 21,852,599 -
Due in more than one year 113,586,579 150,031,844 263,618,423 6,360,000
TOTAL LIABILITIES 134,952,248 167,047,597 301,999,845 6,360,000
DEFERRED INFLOWS OF RESOURCES
Property taxes 40,091,897 748,125 40,840,022 -
NET POSITION
Net investment in capital assets 28,014,455 125,163,119 153,177,574 11,360,778
Restricted for
Capital improvements 28,384,271 2,013,554 30,397,825 -
Debt service 3,437,177 9,060,950 12,498,127 636,000
Special purposes 3,763,430 - 3,763,430 -
Trust agreements 10,028,621 - 10,028,621 -
Unrestricted 4,617,998 27,688,003 32,306,001 142,746
TOTAL NET POSITION 78,245,952$ 163,925,626$ 242,171,578$ 12,139,524$
The notes to the basic financial statements are an integral part of this statement.
CITY OF OSHKOSH, WISCONSIN
Statement of Net Position
December 31, 2014
Primary Government
23
CITY OF OSHKOSH, WISCONSIN
Statement of Activities
For the Year Ended December 31, 2014
Program Revenues Primary Government
Operating Capital
Charges for Grants and Grants and
Functions/Programs Expenses Services Contributions Contributions
Primary government:
Governmental Activities
General government 6,676,357$ 1,510,767$ -$ -$
Public safety 25,326,105 3,458,075 580,415 17,262
Public works 15,963,233 4,266,651 3,062,427 2,348,486
Health and welfare 971,146 152,046 177,885 -
Parks and recreation 8,835,806 1,524,330 316,364 -
Transportation 670,784 17,020 7,022 -
Community development 6,929,143 1,579,807 848,676 -
Unclassified 658,374 - - -
Interest on debt 4,565,377 - - 2,042,667
Total Governmental Activities 70,596,325 12,508,696 4,992,789 4,408,415
Business-type Activities
Transit utility 4,836,746 1,032,597 2,980,554 -
Water utility 10,616,162 13,380,404 - 131,056
Sewer utility 10,018,765 11,753,286 - 523,946
Storm water utility 5,410,733 7,232,454 - 2,209,136
Other 2,152,755 753,376 - 756,865
Total Business-type Activities 33,035,161 34,152,117 2,980,554 3,621,003
Total primary government 103,631,486$ 46,660,813$ 7,973,343$ 8,029,418$
Component unit:
Redevelopment authority 409,514$ -$ -$ -$
General revenues
Property taxes, levied for general purposes
Property taxes, levied for debt service
Property taxes, levied for capital projects
Other taxes
State and federal aids not restricted to specific functions
Interest and investment earnings
Gain on sale of capital assets
Miscellaneous
Transfers
Total general revenues and transfers
Change in net position
Net position - January 1
Net position - December 31
The notes to the basic financial statements are an integral part of this statement.
24
Component
Primary Government Unit
Governmental Business-type Redevelopment
Activities Activities Total Authority
(5,165,590)$ -$ (5,165,590)$ -$
(21,270,353) - (21,270,353) -
(6,285,669) - (6,285,669) -
(641,215) - (641,215) -
(6,995,112) - (6,995,112) -
(646,742) - (646,742) -
(4,500,660) - (4,500,660) -
(658,374) - (658,374) -
(2,522,710) - (2,522,710) -
(48,686,425) - (48,686,425) -
- (823,595) (823,595) -
- 2,895,298 2,895,298 -
- 2,258,467 2,258,467 -
- 4,030,857 4,030,857 -
- (642,514) (642,514) -
- 7,718,513 7,718,513 -
(48,686,425) 7,718,513 (40,967,912) -
- - - (409,514)
7,601,256 2,203,488 9,804,744 -
17,637,047 - 17,637,047 -
14,310,027 - 14,310,027 -
319,640 - 319,640 -
12,239,874 - 12,239,874 -
2,530,813 97,561 2,628,374 164
4,629 - 4,629 -
3,986,577 - 3,986,577 4,011
987,191 (987,191) - -
59,617,054 1,313,858 60,930,912 4,175
10,930,629 9,032,371 19,963,000 (405,339)
67,315,323 154,893,255 222,208,578 12,544,863
78,245,952$ 163,925,626$ 242,171,578$ 12,139,524$
Net (Expense) Revenue and Changes in Net Position
25
Special Other Total
Debt Assessment Governmental Governmental
General Service Improvement Equipment Funds Funds
ASSETS
Cash and investments 4,674,981$ 1,536,834$ -$ 2,013,833$ 53,349,307$ 61,574,955$
Receivables
Taxes 7,169,495 18,037,275 - 536,000 14,358,922 40,101,692
Special assessments 484,271 - 9,467,658 - - 9,951,929
Accounts, net 3,125,138 - 1,825 20,481 343,731 3,491,175
Loans - - - - 4,018,829 4,018,829
Due from other funds 2,592,992 - - - 202,446 2,795,438
Inventories and prepaid items 33,723 - - - - 33,723
TOTAL ASSETS 18,080,600$ 19,574,109$ 9,469,483$ 2,570,314$ 72,273,235$ 121,967,741$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable 316,242$ -$ -$ 557,394$ 1,703,880$ 2,577,516$
Accrued payroll liabilities 1,115,496 - - - - 1,115,496
Due to other funds 207,087 - 3,240,450 - 4,441,244 7,888,781
Due to other governments - - - - 3,939,134 3,939,134
Unearned revenues 25,082 - - - 96,001 121,083
Deposits - - 1,282,819 - 159,066 1,441,885
Total Liabilities 1,663,907 - 4,523,269 557,394 10,339,325 17,083,895
Deferred Inflows of Resources
Property taxes 7,139,300 18,037,275 - 536,000 14,358,922 40,071,497
Special assessments - - 8,932,957 - - 8,932,957
Total Deferred Inflows of Resources 7,139,300 18,037,275 8,932,957 536,000 14,358,922 49,004,454
Fund Balances
Nonspendable
Inventories and prepaid items 33,723 - - - - 33,723
Receivables from other funds 480,191 - - - - 480,191
Restricted for
Construction of assets - - - - 28,384,271 28,384,271
Debt service - 1,536,834 - - 1,900,343 3,437,177
Special purposes - - - - 3,763,430 3,763,430
Trust agreements - - - - 10,028,621 10,028,621
Committed to
Special purposes - - - - 870,296 870,296
Assigned to
Construction of assets - - - 1,476,920 6,959,196 8,436,116
Subsequent year's budget 44,977 - - - - 44,977
Unassigned 8,718,502 - (3,986,743) - (4,331,169) 400,590
Total Fund Balances (Deficit)9,277,393 1,536,834 (3,986,743) 1,476,920 47,574,988 55,879,392
TOTAL LIABILITIES, DEFERRED
INFLOWS OF RESOURCES
AND FUND BALANCES 18,080,600$ 19,574,109$ 9,469,483$ 2,570,314$ 72,273,235$ 121,967,741$
The notes to the basic financial statements are an integral part of this statement.
CITY OF OSHKOSH, WISCONSIN
Balance Sheet
Governmental Funds
December 31, 2014
26
Reconciliation to the Statement of Net Position
Total Fund Balance - Total Governmental Funds 55,879,392$
Amounts reported for governmental activities in the statement
of net position are different because:
135,640,654
8,932,957
2,740,543
Bonds and notes payable (115,817,334)$
Employee benefits (8,392,451)
Accrued interest on long-term obligations (737,809) (124,947,594)
Net Position of Governmental Activities 78,245,952$
The notes to the basic financial statements are an integral part of this statement.
Internal service funds are used by management to charge the costs of certain
activities, such as risk management to individual funds. The assets and
liabilities of the internal services funds are included in governmental activities in
the statement of net 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:
CITY OF OSHKOSH, WISCONSIN
Balance Sheet (Continued)
Governmental Funds
December 31, 2014
Capital assets used in governmental activities are not financial resources and,
therefore are not reported in the funds.
Other long-term assets are not available to pay for current period expenditures
and, therefore, are deferred in the funds. Special assessments account for this
difference.
27
Special Other Total
Debt Assessment Governmental Governmental
General Service Improvement Equipment Funds Funds
Revenues
Taxes 6,920,896$ 17,637,047$ -$ 1,000,000$ 14,146,005$ 39,703,948$
Special assessments - - 3,134,886 - 143,622 3,278,508
Intergovernmental 15,251,609 - - - 1,605,196 16,856,805
Licenses and permits 1,629,992 - - - 369 1,630,361
Fines and forfeits 718,839 - - - - 718,839
Public charges for services 3,684,544 - - - 1,387,482 5,072,026
Intergovernmental charges for services 3,371,926 - - - - 3,371,926
Miscellaneous 778,728 25,200 - 185,095 7,787,950 8,776,973
Total Revenues 32,356,534 17,662,247 3,134,886 1,185,095 25,070,624 79,409,386
Expenditures
Current
General government 6,004,044 - - - - 6,004,044
Public safety 24,457,789 - - - 146,880 24,604,669
Public works 6,133,067 - - - 3,520,917 9,653,984
Health and welfare - - - - 502,391 502,391
Parks and recreation 1,981,403 - - - 5,962,478 7,943,881
Transportation 678,097 - - - - 678,097
Community development 2,029,316 - - - 4,287,583 6,316,899
Unclassified 613,892 - - - - 613,892
Debt service
Principal - 14,841,151 - - 3,026,823 17,867,974
Interest and fiscal charges 92,390 2,464,345 - - 1,045,089 3,601,824
Capital outlay - - 2,102,881 12,135,250 5,007,383 19,245,514
Total Expenditures 41,989,998 17,305,496 2,102,881 12,135,250 23,499,544 97,033,169
Excess of Revenues Over (Under)
Expenditures (9,633,464) 356,751 1,032,005 (10,950,155) 1,571,080 (17,623,783)
Other Financing Sources (Uses)
Long-term debt issued 84,878 16,529,497 - 7,071,247 1,523,000 25,208,622
Premium on debt issued - 733,994 - - - 733,994
Payment to refunding escrow agent - (8,878,405) - - - (8,878,405)
Transfers in 9,978,180 - - - 7,937,481 17,915,661
Transfers out - (8,971,434) - (94,157) (7,862,879) (16,928,470)
Total Other Financing Sources (Uses)10,063,058 (586,348) - 6,977,090 1,597,602 18,051,402
Net Change in Fund Balances 429,594 (229,597) 1,032,005 (3,973,065) 3,168,682 427,619
Fund Balances (Deficit) - January 1 8,847,799 1,766,431 (5,018,748) 5,449,985 44,406,306 55,451,773
Fund Balances (Deficit) - December 31 9,277,393$ 1,536,834$ (3,986,743)$ 1,476,920$ 47,574,988$ 55,879,392$
The notes to the basic financial statements are an integral part of this statement.
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balances
Governmental Funds
For the Year Ended December 31, 2014
28
Governmental Funds
Net Change in Fund Balances - Total Governmental Funds 427,619$
Amounts reported for governmental activities in the statement of activities are different because:
Capital outlay reported in governmental fund statements 17,560,610$
Depreciation expense reported in the statement of activities (9,111,003)
Amount by which capital outlays are greater than depreciation in
current period 8,449,607
965,351
(768,973)
10,011,499$
(8,191,135) 1,820,364
(17,751,481)
17,986,840
(198,698)
Change in Net Position of Governmental Activities 10,930,629$
The notes to the basic financial statements are an integral part of this statement.
CITY OF OSHKOSH, WISCONSIN
Repayment of principal on long-term debt is reported in the
governmental funds as an expenditure, but is reported as a reduction
in long-term debt in the statement of net position and does not affect
the statement of activities. The amount of long-term debt principal
payments in the current year is:
Reconciliation of the Statement of Activities
For the Year Ended December 31, 2014
Governmental funds report capital outlays as expenditures. However,
Statement of Revenues, Expenditures and Changes in Fund Balances (Continued)
Internal service funds are used by management to charge the costs of
certain activities to individual funds. The net revenue (expense) of the
internal service funds is reported with governmental activities.
Certain employee benefits are reported in the governmental funds
when amounts are paid. The statement of activities reports the value
of benefits earned during the year. This year the accrual of these
benefits decreased 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
constitutes a long-term liability. The amount of debt, including
premium on debt issued, reported in the governmental funds
statement is:
Interest payments on outstanding debt are reported in the
governmental funds as an expenditure when paid,in the statement of
activities interest is reported as it accrues.This year the accrual of
interest increased by:
Revenues in the statement of activities that do not provide current
financial resources are not reported as revenues in the funds.
However, debt was issued to finance the outstanding unfunded
pension liability in the amount of:
29
Variance with
Final Budget -
Positive
Original Final Actual (Negative)
Revenues
Taxes 6,901,200$ 6,901,200$ 6,920,896$ 19,696$
Intergovernmental 15,191,300 15,191,300 15,251,609 60,309
Licenses and permits 1,754,500 1,754,500 1,629,992 (124,508)
Fines and forfeits 735,000 735,000 718,839 (16,161)
Public charges for services 3,938,300 3,953,300 3,684,544 (268,756)
Intergovernmental charges for services 2,879,400 2,879,400 3,371,926 492,526
Miscellaneous 633,100 633,100 778,728 145,628
Total Revenues 32,032,800 32,047,800 32,356,534 308,734
Expenditures
Current
General government 6,038,200 6,012,927 6,004,044 8,883
Public safety 24,522,400 24,480,542 24,457,789 22,753
Public works 6,222,500 6,133,597 6,133,067 530
Parks and recreation 1,949,900 1,981,406 1,981,403 3
Transportation 676,400 679,653 678,097 1,556
Community development 1,979,600 2,038,024 2,029,316 8,708
Unclassified 690,000 767,851 613,892 153,959
Debt service
Interest and fiscal charges - - 92,390 (92,390)
Total Expenditures 42,079,000 42,094,000 41,989,998 104,002
Excess of Revenues Over (Under) Expenditures (10,046,200) (10,046,200) (9,633,464) 412,736
Other Financing Sources
Long-term debt issued - - 84,878 84,878
Transfers in 10,046,200 10,046,200 9,978,180 (68,020)
Total Other Financing Sources 10,046,200 10,046,200 10,063,058 16,858
Net Change in Fund Balance - - 429,594 429,594
Fund Balance - January 1 8,847,799 8,847,799 8,847,799 -
Fund Balance - December 31 8,847,799$ 8,847,799$ 9,277,393$ 429,594$
The notes to the basic financial statements are an integral part of this statement.
Budgeted Amounts
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balance
Budget and Actual
General Fund
For the Year Ended December 31, 2014
30
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF OSHKOSH, WISCONSIN
Statement of Net Position
Proprietary Funds
December 31, 2014
Enterprise Funds Enterprise Funds (Continued)
Transit Water Sewer
Utility Utility Utility
ASSETS
Current Assets
Cash and investments 1,682,787$ 1,886,322$ 2,035,662$
Receivables
Accounts 137,571 5,412,518 3,950,668
Taxes 748,125 - -
Due from other funds - 3,503,839 2,719,816
Due from other governments 310,779 - -
Property held for resale - - -
Inventories and prepaid items 623,385 1,290,824 688,012
Total Current Assets 3,502,647 12,093,503 9,394,158
Restricted Assets
Cash and investments - 8,729,759 10,488,251
Interest receivable - 912 884
Total Restricted Assets - 8,730,671 10,489,135
Capital Assets
Land and construction in progress 367,811 2,224,846 5,226,835
Other capital assets, net of accumulated
depreciation 2,701,321 88,859,246 77,597,354
Total Capital Assets, net 3,069,132 91,084,092 82,824,189
TOTAL ASSETS 6,571,779 111,908,266 102,707,482
LIABILITIES
Current Liabilities
Accounts payable 154,339 629,185 501,967
Accrued expenses 8,464 1,635,908 211,263
Due to other funds - 145,354 935,294
Unearned revenues 2,675 - -
Deposits - 3,000 13,400
Current portion of long-term obligations 72,443 4,820,786 2,895,620
Total Current Liabilities 237,921 7,234,233 4,557,544
Noncurrent Liabilities
Employee benefits 154,692 272,771 204,185
Long-term debt 815,832 50,495,789 39,377,532
Total Noncurrent Liabilities 970,524 50,768,560 39,581,717
TOTAL LIABILITIES 1,208,445 58,002,793 44,139,261
DEFERRED INFLOWS OF RESOURCES
Property taxes 748,125 - -
NET POSITION
Net investment in capital assets 2,180,857 41,606,634 46,909,197
Restricted
Debt service - 2,752,932 2,254,248
Capital improvements - 137,710 1,875,844
Unrestricted 2,434,352 9,408,197 7,528,932
TOTAL NET POSITION 4,615,209$ 53,905,473$ 58,568,221$
The notes to the basic financial statements are an integral part of this statement.
31
Enterprise Funds (Continued)
Nonmajor Internal
Storm Water Enterprise Service
Utility Funds Total Funds
1,997,680$ 177,191$ 7,779,642$ 3,474,039$
3,846,986 344,884 13,692,627 76,044
- - 748,125 20,400
2,903,178 - 9,126,833 -
- - 310,779 -
- 6,664,629 6,664,629 -
198,968 28,177 2,829,366 -
8,946,812 7,214,881 41,152,001 3,570,483
9,169,024 - 28,387,034 -
964 - 2,760 -
9,169,988 - 28,389,794 -
10,588,726 5,895,273 24,303,491 -
64,779,869 7,971,762 241,909,552 -
75,368,595 13,867,035 266,213,043 -
93,485,395 21,081,916 335,754,838 3,570,483
1,976,308 204,133 3,465,932 9,540
428,624 12,094 2,296,353 800,000
44,861 2,907,981 4,033,490 -
- - 2,675 -
- 5,000 21,400 -
2,866,844 573,700 11,229,393 -
5,316,637 3,702,908 21,049,243 809,540
36,707 30,427 698,782 -
55,752,924 2,890,985 149,333,062 -
55,789,631 2,921,412 150,031,844 -
61,106,268 6,624,320 171,081,087 809,540
- - 748,125 20,400
21,864,081 12,602,350 125,163,119 -
4,053,770 - 9,060,950 -
- - 2,013,554 -
6,461,276 1,855,246 27,688,003 2,740,543
32,379,127$ 14,457,596$ 163,925,626$ 2,740,543$
32
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenses and Changes in Net Position
Proprietary Funds
For the Year Ended December 31, 2014
Enterprise Funds Enterprise Funds (Continued)
Transit Water Sewer
Utility Utility Utility
Operating Revenues
Fines, forfeitures and penalties -$ -$ -$
Intergovernmental charges for services - - -
Public charges for services 949,864 13,176,940 11,632,532
Other revenues 82,733 203,464 120,754
Total Operating Revenues 1,032,597 13,380,404 11,753,286
Operating Expenses
Operating and maintenance 4,430,315 5,833,904 5,742,234
Depreciation and amortization 380,683 2,939,212 2,962,483
Taxes - 142,066 142,395
Claims and administration - - -
Total Operating Expenses 4,810,998 8,915,182 8,847,112
Operating Income (Loss)(3,778,401) 4,465,222 2,906,174
Nonoperating Revenues (Expenses)
Taxes 666,753 - -
Intergovernmental revenues 2,980,554 - -
Interest on investments - 28,020 35,094
Interest and fiscal charges (25,748) (1,700,980) (1,171,653)
Total Nonoperating Revenues (Expenses)3,621,559 (1,672,960) (1,136,559)
Income (Loss) Before Transfers and Contributed Capital (156,842) 2,792,262 1,769,615
Transfers in - - -
Transfers out - (1,000,000) -
Contributed capital - 131,056 523,946
Change in Net Position (156,842) 1,923,318 2,293,561
Net Position - January 1 4,772,051 51,982,155 56,274,660
Net Position - December 31 4,615,209$ 53,905,473$ 58,568,221$
The notes to the basic financial statements are an integral part of this statement.
33
Enterprise Funds (Continued)
Storm Nonmajor Internal
Water Enterprise Service
Utility Funds Total Funds
-$ 21,133$ 21,133$ -$
- - - 8,691,500
7,229,299 616,674 33,605,309 -
3,155 115,569 525,675 2,100,150
7,232,454 753,376 34,152,117 10,791,650
2,049,110 1,806,597 19,862,160 -
1,504,491 246,258 8,033,127 -
56,682 - 341,143 -
- - - 9,858,460
3,610,283 2,052,855 28,236,430 9,858,460
3,622,171 (1,299,479) 5,915,687 933,190
- 1,536,735 2,203,488 20,400
- - 2,980,554 -
34,199 248 97,561 11,761
(1,800,450) (99,900) (4,798,731) -
(1,766,251) 1,437,083 482,872 32,161
1,855,920 137,604 6,398,559 965,351
- 12,809 12,809 -
- - (1,000,000) -
2,209,136 756,865 3,621,003 -
4,065,056 907,278 9,032,371 965,351
28,314,071 13,550,318 154,893,255 1,775,192
32,379,127$ 14,457,596$ 163,925,626$ 2,740,543$
34
CITY OF OSHKOSH, WISCONSIN
Statement of Cash Flows
Proprietary Funds
For the Year Ended December 31, 2014
Enterprise Funds Enterprise Funds (Continued)
Transit Water Sewer
Utility Utility Utility
Cash Flows from Operating Activities
Cash received from customers 1,297,303$ 11,776,097$ 11,351,982$
Cash payments to suppliers and employees (4,925,677) (6,204,173) (6,326,086)
Net Cash Provided (Used) by Operating Activities (3,628,374) 5,571,924 5,025,896
Cash Flows from Non-Capital Financing Activities
Property taxes received 666,753 - -
Transfer from other funds - - -
Transfer to other funds - (1,000,000) -
Operating grants received 2,909,096 - -
Net Cash Provided (Used) by Non-Capital Financing Activities 3,575,849 (1,000,000) -
Cash Flows from Capital and Related Financing Activities
Acquisition of capital assets (48,180) (3,143,351) (7,252,168)
Principal payments on revenue bonds - (3,492,222) (6,799,937)
Principal paid on general obligation debt (59,659) (998,514) (1,098,443)
Interest payments on debt (18,178) (1,649,897) (1,126,266)
Revenue bonds issued - 3,795,000 11,686,185
General obligation debt issued 507,597 640,782 700,464
Cash received from other funds - - -
Cash paid to other funds - (2,956,111) (2,446,546)
Capital contributions - 131,056 523,946
Net Cash Provided (Used) by Capital and Related
Financing Activities 381,580 (7,673,257) (5,812,765)
Cash Flows from Investing Activities
Investment income received - 28,364 35,033
Net Increase (Decrease) in Cash and Cash Equivalents 329,055 (3,072,969) (751,836)
Cash and Cash Equivalents - January 1 1,353,732 13,689,050 13,275,749
Cash and Cash Equivalents - December 31 1,682,787$ 10,616,081$ 12,523,913$
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
Operating income (loss)(3,778,401)$ 4,465,222$ 2,906,174$
Adjustments to reconcile operating income to
net cash provided (used) by operating activities:
Depreciation 380,683 2,939,212 2,962,483
Depreciation charged operating accounts - 124,227 -
Changes in assets and liabilities
Accounts receivable 264,236 (1,604,307) (401,304)
Inventories and prepaid items (476,317) (657,826) (664,480)
Accounts payable and accrued expenses 13,386 314,914 212,194
Due to other funds - - -
Employee benefits (32,431) (9,518) 10,829
Unearned revenues and deposits 470 - -
Net Cash Provided (Used) by Operating Activities (3,628,374)$ 5,571,924$ 5,025,896$
Noncash activities
Contributed capital assets -$ -$ -$
The notes to the basic financial statements are an integral part of this statement.
35
Enterprise Funds (Continued)
Nonmajor Internal
Storm Water Enterprise Service
Utility Funds Total Funds
5,411,058$ 800,449$ 30,636,889$ 10,739,744$
(415,569) (1,925,831) (19,797,336) (9,882,476)
4,995,489 (1,125,382) 10,839,553 857,268
- 1,536,735 2,203,488 20,400
- 12,809 12,809 -
- - (1,000,000) -
45,000 - 2,954,096 -
45,000 1,549,544 4,170,393 20,400
(5,608,727) (88,903) (16,141,329) -
(1,670,000) - (11,962,159) -
(743,014) (583,301) (3,482,931) -
(1,862,576) (100,654) (4,757,571) -
8,300,000 - 23,781,185 -
217,682 28,655 2,095,180 -
- 436,137 436,137 -
(4,476,506) - (9,879,163) -
2,209,136 - 2,864,138 -
(3,634,005) (308,066) (17,046,513) -
33,820 248 97,465 11,761
1,440,304 116,344 (1,939,102) 889,429
9,726,400 60,847 38,105,778 2,584,610
11,166,704$ 177,191$ 36,166,676$ 3,474,039$
3,622,171$ (1,299,479)$ 5,915,687$ 933,190$
1,504,491 246,258 8,033,127 -
- - 124,227 -
(1,821,396) 47,073 (3,515,698) (51,906)
(198,288) (28,177) (2,025,088) -
1,868,012 (6,345) 2,402,161 (24,016)
- (81,084) (81,084) -
20,499 (3,628) (14,249) -
- - 470 -
4,995,489$ (1,125,382)$ 10,839,553$ 857,268$
-$ 756,865$ 756,865$ -$
36
CITY OF OSHKOSH, WISCONSIN
Statement of Net Position
Fiduciary Funds
December 31, 2014
Property Hospital
Taxes Bioterrorism
ASSETS
Cash and cash equivalents 39,369,068$ 4,202$
Taxes receivable 18,525,861 -
Accounts receivable 2,265 -
Total assets 57,897,194$ 4,202$
LIABILITIES
Accounts payable 45,952$ -$
Due to other governments 57,851,242 4,202
Total liabilities 57,897,194$ 4,202$
The notes to the basic financial statements are an integral part of this statement.
Agency Funds
37
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
38
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 unit that is 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.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
39
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 IMPROVEMENT CAPITAL PROJECTS FUND
This fund accounts for the cost of capital projects and the special assessments and subsequent assessment
collections related to those projects.
EQUIPMENT FUND
This fund accounts for the cost of capital equipment and improvements which are funded by tax levy and long-
term debt.
The City reports the following major enterprise funds:
TRANSIT UTILITY FUND
This fund accounts for the operations of a bus transit system for the City of Oshkosh. Financing is provided
through user fees, federal and state grants, and general property taxes.
WATER UTILITY FUND
This fund accounts for the construction, operation and maintenance of the City owned water facilities.
SEWER UTILITY FUND
This fund accounts for the construction, operation and maintenance of the City owned sewerage facilities.
STORM WATER UTILITY FUND
This fund accounts for the construction, operation and maintenance of the City owned storm water facilities.
The City also reports the following fund types:
INTERNAL SERVICE FUND
This fund accounts for the financing of goods and services provide by one department to other City
departments or to other governments on a cost reimbursement basis.
AGENCY FUND
This fund accounts for the current year tax levy collectible in the subsequent year for the City and in a
custodial capacity as an agent on behalf of others.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
40
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
3. Measurement Focus, Basis of Accounting, and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus
and the accrual basis of accounting, as are the proprietary fund and fiduciary fund financial statements.
Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the
timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied.
Grants and similar items are recognized as revenues as soon as all eligibility requirements imposed by the
provider have been met.
Governmental fund financial statements are reported using the current financial resources measurement focus
and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable
and available. Revenues are considered to be available when they are collectible within the current period or
soon enough thereafter to pay liabilities of the current period. For this purpose, the City considers revenues to
be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally
are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as
well as expenditures related to compensated absences and claims and judgments, are recorded only when
payment is due.
As a general rule the effect of interfund activity has been eliminated from the government-wide financial
statements.
Amounts reported as program revenues include 1) charges to customers or applicants for goods, services, or
privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions. Internally
dedicated resources are reported as general revenues rather than as program revenues. Likewise, general
revenues include all taxes.
Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods in
connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the
City’s enterprise funds are charges to customers for services. Operating expenses for enterprise funds
include the cost of services, administrative expenses, and depreciation on capital assets. All revenues and
expenses not meeting this definition are reported as non-operating revenues and expenses.
When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted
resources first, then unrestricted resources, as they are needed.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
41
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, with the following two exceptions. Delinquent personal property taxes are reported net of
an allowance of $2,000 and ambulance accounts receivable are reported net of an allowance of $500,542.
c. Interfund Receivables and Payables
During the course of operations, numerous transactions occur between individual funds for goods provided
or services rendered. These receivables and payables are classified as “due from other funds” and “due
to other funds” in the fund financial statements. Noncurrent portions of the interfund receivables for the
governmental funds are reported as “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.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
42
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
f. Capital Assets
Capital assets, which include property, plant, equipment, and infrastructure assets, are reported in the
applicable governmental or business-type activities columns in the government-wide financial statements.
Capital assets are defined by the City as assets with an initial, individual cost of $1,500 or higher and an
estimated useful life in excess of one year. Such assets are recorded at historical cost or estimated
historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market
value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend
asset lives are not capitalized.
Depreciable capital assets of the City are depreciated using the straight-line method over the following
estimated useful lives:
Assets
Buildings, systems and land improvements 30 - 80 25 - 88
Machinery and equipment 1 - 25 10 - 25
Infrastructure 20 - 35 40 - 150
Governmental
Activities
Business-Type
Activities
Years
g. Compensated Absences
The City’s policy allows employees to earn one day of sick pay per month of service, accumulating to
varying maximum amounts. The City’s employees also are granted vacation in varying amounts based on
length of service. All vacation and sick leave is accrued when incurred in the government-wide and
proprietary fund financial statements. A liability for these amounts is reported in the governmental funds in
the fund financial statements only if they have matured, for example, as a result of employee resignations
and retirements.
h. Deferred 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.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
43
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.
j 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).
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
44
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, and
capital related deferred outflows of resources less outstanding balances of any bonds, mortgages,
notes, or other borrowings that are attributable to the acquisition, construction, or improvement of
those assets and any capital related deferred inflows of resources and debt premiums.
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.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
45
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, 2014.
2. Excess of Expenditures Over Budget Appropriations
The following expenditure account had actual expenditures in excess of budget appropriations for the year
ended December 31, 2014 as follows:
Excess
Fund Function Expenditures
General Fund Interest and fiscal charges 92,390$
The above excess expenditures were funded using positive revenue variances and available fund balance.
3. Deficit Fund Equity
The following funds had deficit fund equity as of December 31, 2014:
Fund
Special Revenue Funds
Street Lighting $ 591
Cemetery 32,638
Police Asset Forfeiture 179
Leach Amphitheater 36,095
Public Works Special 8,071
Garbage Disposal 32,701
Community Traffic Safety Grant 395
Capital Projects Funds
Special Assessment Improvement 3,986,743
Street Tree 10,770
Grand Opera House 10,275
TIF #13 Marion Road/Pearl Ave. 3,293
TIF #18 SW Industrial #3 2,162,540
TIF # 20 South Side Fox River 6,133
TIF #25 City Center Hotel 1,988,944
TIF #27 North Main Street 38,544
The City anticipates funding the above deficits from future revenues and tax levies of the funds.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
46
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 $140,588,940 on December 31, 2014 as
summarized below:
Petty cash funds 10,035$
Deposits with financial institutions 130,040,172
Investments
Federal Home Loan Bank bonds 683,208
Money market mutual funds 774,635
Mutual funds 3,781,520
Oshkosh Community Foundation 3,395,160
Corporate stocks and bonds 1,870,725
Wisconsin local government pool 33,485
140,588,940$
Reconciliation to the basic financial statements:
Government-wide Statement of Net Position
Cash and investments 72,828,636$
Restricted cash and investments 28,387,034
Fiduciary Funds Statement of Net Position
Agency fund 39,373,270
140,588,940$
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.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
47
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, 2014, $108,812,881 of the City’s deposits with financial institutions were in excess of
federal and state depository insurance limits. Of this amount, $107,505,814 was collateralized with securities
held by the pledging financial institution’s agent in the City’s name.
Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the
investment. This is measured by the assignment of a rating by a nationally recognized statistical rating
organization. Wisconsin statutes limit investments in securities to the top two ratings assigned by nationally
recognized statistical rating organizations. The City does not have an additional credit risk policy. Presented
below is the actual rating as of yearend for each investment type.
Exempt
From Not
Investment Type Amount Disclosure AAA Aa Rated
Federal Home Loan Bank 683,208$ -$ 683,208$ -$ -$
Money market mutual funds 774,635 - - - 774,635
Mutual funds 3,781,520 - - - 3,781,520
Oshkosh Community Foundation 3,395,160 - - - 3,395,160
Corporate stocks/bonds 1,870,725 - - - 1,870,725
Wisconsin local government
investment pool 33,485 - - - 33,485
10,538,733$ -$ 683,208$ -$ 9,855,525$
Ratings as of Year End
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
48
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:
12 months 13 to 24 25 to 60 More Than
Investment Type Amount or Less Months Months 60 Months
Federal Home Loan Bank 683,208$ -$ -$ 683,208$ -$
Money market mutual funds 774,635 774,635 - - -
Mutual funds 3,781,520 3,781,520 - - -
Oshkosh Community Foundation 3,395,160 3,395,160 - - -
Wisconsin local government
investment pool 33,485 33,485 - - -
Totals 8,668,008$ 7,984,800$ -$ 683,208$ -$
Remaining Maturity (in Months)
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 $33,485 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, 2014, the fair value of the City’s share of the LGIP’s assets was
substantially equal to the carrying value.
Component Unit Cash and Investments
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, 2014, the carrying amount of the Authority’s deposits was $142,746 and is held 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, 2014, 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, 2014, the Authority held U. S. Treasury Obligation mutual funds of $636,000. These
obligations are unrated and will mature within 12 months.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
49
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
2. Restricted Assets
Restricted assets on December 31, 2014 totaled $28,387,034 and consisted entirely of cash and investments
for the following purposes.
Water Utility
Debt proceeds restricted for capital outlay 5,839,117$
Bond redemption fund 2,752,932
Depreciation fund 137,710
8,729,759
Sewer Utility
Debt proceeds restricted for capital outlay 6,358,159
Bond redemption fund 2,254,248
Replacement fund 1,875,844
10,488,251
Storm Water Utility
Debt proceeds restricted for capital outlay 5,115,254
Bond redemption fund 4,053,770
9,169,024
Total Restricted Assets 28,387,034$
3. Property Taxes
Property taxes are recorded in the year levied as receivables and deferred inflows of resources in the
respective funds. They are recognized in the appropriate funds as revenues in the succeeding year when
services financed by the levy are provided. In addition to property taxes for the municipality, taxes are
collected for and remitted to the State and County governments as well as the local and vocational school
districts. The receivables and liabilities for these taxes are recorded in an Agency Fund. Taxes for all State
and local governmental units billed in the current year for the succeeding year are reflected as due to other
governments on the accompanying balance sheet. Taxes are levied in December on the assessed value as of
the prior January 1.
Property tax calendar - 2014 tax roll:
Lien date and levy date December 31, 2014
Tax bills mailed On or after December 1, 2014
Payment in full, or:
First installment due January 31, 2015
Second installment due March 31, 2015
Third installment due May 31, 2015
Fourth installment due July 31, 2015
Personal property taxes in full January 31, 2015
Tax settlements:
Initial settlement January 15, 2015
Second, third and fourth settlement 20 days after the collection date
Final settlement August 20, 2015
Tax deed by County --
2014 delinquent real estate taxes October 1, 2018
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
50
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Property Tax Levy Limit
Wisconsin State Statutes provide for a limit on the property tax levies for all Wisconsin cities, villages, towns
and counties. For the 2014 and 2015 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 2014 budget was 0.84%. The actual limit for the City for the 2015 budget
was 0.94%. Debt service for debt authorized after July 1, 2005 is exempt from the levy limit. In addition,
Wisconsin Statutes allow the limit to be increased for debt service authorized prior to July 1, 2005 and in
certain other situations.
4. Capital Assets
Capital asset activity for the year ended December 31, 2014 was as follows:
Beginning Ending
Balance Increases Decreases Balance
Governmental activities:
Capital assets not being depreciated
Land 18,375,569$ 228,513$ -$ 18,604,082$
Construction in progress 7,399,325 13,676,937 247,083 20,829,179
Total capital assets not being depreciated 25,774,894 13,905,450 247,083 39,433,261
Capital assets being depreciated
Buildings, systems and improvements 47,648,644 367,505 - 48,016,149
Infrastructure 75,891,689 2,238,522 2,952,880 75,177,331
Machinery and equipment 54,442,428 1,296,216 1,195,604 54,543,040
Total assets being depreciated 177,982,761 3,902,243 4,148,484 177,736,520
Less accumulated depreciation for:
Buildings, systems and improvements 14,133,039 988,374 - 15,121,413
Infrastructure 32,951,675 4,931,247 2,952,880 34,930,042
Machinery and equipment 29,481,894 3,191,382 1,195,604 31,477,672
Total accumulated depreciation 76,566,608 9,111,003 4,148,484 81,529,127
Total capital assets being depreciated, net 101,416,153 (5,208,760) - 96,207,393
Governmental activities capital assets, net 127,191,047$ 8,696,690$ 247,083$ 135,640,654
Less net related long-term debt outstanding 107,626,199
Net investment in capital assets 28,014,455$
Depreciation expense was charged to functions of the primary government as follows:
Governmental activities:
General government 377,338$
Public safety 1,163,659
Public works 5,830,876
Health and welfare 3,441
Parks and recreation 1,286,688
Community development 449,001
Total depreciation expense - governmental activities 9,111,003
Primary Government
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
51
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Beginning Ending
Balance Increases Decreases Balance
Business-type activities:
Capital assets not being depreciated
Land 9,233,466$ 2,449,615$ -$ 11,683,081$
Construction in progress 14,215,055 13,612,510 15,207,155 12,620,410
Total capital assets not being depreciated 23,448,521 16,062,125 15,207,155 24,303,491
Capital assets being depreciated
Buildings, systems, land improvements 293,276,222 14,549,526 1,433,420 306,392,328
Machinery and equipment 43,377,858 1,493,699 193,697 44,677,860
Total assets being depreciated 336,654,080 16,043,225 1,627,117 351,070,188
Less accumulated depreciation for:
Buildings, systems, land improvements 71,439,248 6,228,026 1,433,420 76,233,854
Machinery and equipment 31,191,151 1,929,328 193,697 32,926,782
Total accumulated depreciation 102,630,399 8,157,354 1,627,117 109,160,636
Total capital assets being depreciated, net 234,023,681 7,885,871 - 241,909,552
Business-type activities capital assets, net 257,472,202$ 23,947,996$ 15,207,155$ 266,213,043
Less net related long-term debt outstanding 141,049,924
Net investment in capital assets 125,163,119$
Primary Government
Depreciation expense was charged to functions of the primary government as follows:
Business-type activities:
Transit utility 380,683$
Water utility 2,939,212
Water utility charged to other operating accounts 124,227
Sewer utility 2,962,483
Storm water utility 1,504,491
Nonmajor funds 246,258
Total depreciation expense - business-type activities 8,157,354$
5. Notes receivable
Notes receivable of $4,018,829 in the Community Development Block Grant and Rental Rehabilitation Loan
Program special revenue funds represents noninterest bearing loans made to City residents as part of the
City’s participation in the Community Block Grant Program for residential rehabilitation. These notes are
payable to the City at the time the property is sold or at the time the property is no longer occupied by the
owner and is due to the funding agency upon termination of the program.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
52
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
6. Long-term Obligations
The following is a summary of changes in long-term obligations of the City for the year ended
December 31, 2014:
Beginning Ending Due Within
Balance Additions Reductions Balance One Year
Governmental activities:
General obligation
bonds and notes 107,861,558$ 25,208,622$ 17,986,840$ 115,083,340$ 10,584,575$
Premium on debt issued - 733,994 - 733,994 38,631
Total bonds and notes payable 107,861,558 25,942,616 17,986,840 115,817,334 10,623,206
Other liabilities
Unused vacation and
sick leave credits 3,370,758 153,533 - 3,524,291 -
Accrued OPEB obligation 4,519,616 487,162 138,618 4,868,160 -
Unfunded pension liability 10,513,576 - 10,513,576 - -
Total other liabilities 18,403,950 640,695 10,652,194 8,392,451 -
Total governmental activities
long-term obligations 126,265,508$ 26,583,311$ 28,639,034$ 124,209,785$ 10,623,206$
Business-type activities:
Bonds payable
General obligation debt
Transit utility 440,337$ 507,597$ 59,659$ 888,275$ 72,443$
Water utility 8,780,592 640,782 998,514 8,422,860 1,013,148
Sewer utility 11,388,009 700,464 1,098,443 10,990,030 1,097,717
Storm water utility 8,905,100 217,682 743,014 8,379,768 746,844
Parking utility 80,222 28,655 53,001 55,876 28,225
Oshkosh Redevelopment 1,380,000 - 185,000 1,195,000 185,000
Industrial Park 2,540,000 - 340,000 2,200,000 355,000
Golf course 19,109 - 5,300 13,809 5,475
Total General Obligation Debt 33,533,369 2,095,180 3,482,931 32,145,618 3,503,852
Revenue bonds
Water utility 46,590,937 3,795,000 3,492,222 46,893,715 3,807,638
Sewer utility 26,396,874 11,686,185 6,799,937 31,283,122 1,797,903
Storm water utility 43,610,000 8,300,000 1,670,000 50,240,000 2,120,000
Total Revenue Bonds 116,597,811 23,781,185 11,962,159 128,416,837 7,725,541
Total bonds and notes payable 150,131,180 25,876,365 15,445,090 160,562,455 11,229,393
Other liabilities
Unused vacation and
sick leave credits 713,031 - 14,249 698,782 -
Total business-type activities .
long-term obligations 150,844,211$ 25,876,365$ 15,459,339$ 161,261,237$ 11,229,393$
Total interest paid during the year on long-term debt totaled $8,694,107.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
53
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
General Obligation Debt
General obligation debt currently outstanding is detailed as follows:
Balance
Outstanding
Date of Interest Principal Interest Original December 31,
Type Issue Rate Payable Payable Amount 2014
Refunding bonds: 9/1/2005 3.75 - 4.125 12/1/06 - 20 6/1 - 12/1 18,335,000$ 7,005,000$
8/25/2010 2.00 - 3.25 12/1/11 - 6/1/24 6/1 - 12/1 12,620,000 7,680,000
8/26/2010 0.75 - 3.90 12/1/11 - 21 6/1 - 12/1 8,420,000 5,760,000
3/16/2011 2.00 - 3.50 12/1/12 - 22 6/1 - 12/1 8,490,000 6,725,000
3/16/2011 2.00 - 4.70 12/1/12 - 23 6/1 - 12/1 6,350,000 4,785,000
6/28/2012 0.40 - 3.00 12/1/13 - 27 6/1 - 12/1 5,595,000 4,580,000
Corporate purpose bonds: 3/1/2004 3.00 - 5.75 12/1/05 - 23 6/1 - 12/1 6,480,000 730,000
2/8/2005 3.25 - 4.50 12/1/06 - 24 6/1 - 12/1 7,395,000 4,575,000
3/1/2006 4.00 - 4.50 12/1/07 - 25 6/1 - 12/1 9,265,000 930,000
3/1/2006 5.15 - 5.40 12/1/07 - 25 6/1 - 12/1 1,995,000 1,375,000
3/1/2007 4.00 - 5.00 12/1/08 - 26 6/1 - 12/1 7,950,000 5,735,000
3/1/2008 4.00 - 4.75 12/1/09 - 27 6/1 - 12/1 5,105,000 3,895,000
5/1/2009 2.00 - 5.75 12/1/09 - 28 6/1 - 12/1 16,740,000 12,225,000
9/2/2010 0.75 - 5.20 8/1/11 - 30 2/1 - 8/1 9,140,000 7,915,000
11/1/2011 2.00 - 4.00 6/1/12 - 31 6/1 - 12/1 9,965,000 8,600,000
11/1/2012 2.00 - 3.00 12/1/13 - 31 6/1 - 12/1 12,480,000 10,970,000
12/4/2013 2.00 - 4.00 12/1/13 - 33 6/1 - 12/1 9,080,000 8,725,000
11/5/2014 2.00 - 3.00 12/1/15 - 33 6/1 - 12/1 14,455,000 14,455,000
Promissory notes: 5/31/2005 5.00 3/15/07 - 25 3/15 200,000 132,034
3/1/2006 3.65 - 4.00 12/1/07 - 15 6/1 - 12/1 2,500,000 330,000
3/1/2007 4.00 12/1/08 - 16 6/1 - 12/1 3,375,000 855,000
3/1/2008 3.25 - 4.00 12/1/09 - 17 6/1 - 12/1 1,565,000 585,000
5/1/2009 2.00 - 4.50 12/1/10 - 18 6/1 - 12/1 2,945,000 1,290,000
9/2/2010 0.80 - 3.55 8/1/11 - 20 2/1 - 8/1 4,150,000 3,050,000
11/1/2011 2.35 6/1/12 - 21 6/1 - 12/1 2,895,000 2,100,000
11/1/2012 2.00 12/1/13 - 21 6/1 - 12/1 3,660,000 2,820,000
3/8/2013 2.75 3/15/14-22 3/15 2,000,000 1,806,170
4/3/2013 2.75 3/15/14-23 3/15 640,000 582,852
11/19/2013 2.75 3/15/14-23 3/15 2,644,100 2,644,100
12/4/2013 2.00-3.00 12/1/14-23 6/1-12/1 1,690,000 1,520,000
8/22/2014 4.25 3/15/15 - 34 3/15 10,233,802 10,233,802
11/5/2014 2.00 12/1/15 - 23 6/1 - 12/1 2,615,000 2,615,000
147,228,958
Less amounts related to Enterprise Funds 32,145,618
115,083,340$
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
54
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Annual principal and interest maturities of the outstanding general obligation debt on December 31, 2014 are
detailed below:
Year Ended Governmental Activities Business-type Activities Build America Total
December 31, Principal Interest Principal Interest Bonds Credit Principal Interest
2015 10,584,575$ 3,752,521$ 3,503,852$ 1,212,805$ (382,934)$ 14,088,427$ 4,582,392$
2016 10,176,698 3,545,779 3,423,268 1,131,247 (360,836) 13,599,966 4,316,190
2017 10,064,959 3,236,330 3,290,763 1,013,544 (335,931) 13,355,722 3,913,943
2018 9,859,028 2,923,661 3,318,537 899,326 (307,850) 13,177,565 3,515,137
2019 9,747,959 2,615,914 3,123,898 782,511 (277,449) 12,871,857 3,120,976
2020-2024 35,920,899 8,821,061 10,676,579 2,373,866 (1,001,914) 46,597,478 10,193,013
2025-2029 18,850,902 3,981,563 3,971,247 663,099 (378,158) 22,822,149 4,266,504
2030-2034 9,878,320 929,903 837,474 111,989 (11,193) 10,715,794 1,030,699
115,083,340$ 29,806,732$ 32,145,618$ 8,188,387$ (3,056,265)$ 147,228,958$ 34,938,854$
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.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
55
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
Balance
Year outstanding
of Interest Principal Interest Original December 31,
Issue Rate payable payable amount 2014
Water Safe Drinking
Revenue Bond 1998 2.64 5/01/99 - 19 5/1 & 11/1 11,913,672$ 3,019,930$
Sewerage System Revenue
Clean Water 1999 2.64 5/01/00 - 19 5/1 & 11/1 3,025,930 958,981
Water Safe Drinking
Revenue Bond 2000 2.97 5/01/01 - 19 5/1 & 11/1 13,636,364 4,352,072
Water Safe Drinking
Revenue Bond 2001 2.75 5/01/02 - 21 5/1 & 11/1 3,483,913 1,438,982
Water Utility
Revenue Bonds 2004 2.396 5/01/05 - 24 5/1 & 11/1 1,989,231 1,906,318
Storm Water Utility
Revenue Bonds 2005 3.50 - 4.625 5/01/06 - 25 5/1 & 11/1 4,820,000 3,095,000
Water Utility
Refunding Bond 2006 4.0 - 4.5 1/01/07 - 26 1/1 & 7/1 12,705,000 9,040,000
Water Safe Drinking
Revenue Bond 2008 2.365 5/01/10 - 28 5/1 & 11/1 1,344,824 5,687,731
Storm Water Revenue
Bond 2010 0.70 - 5.20 5/01/11 - 30 5/1 & 11/1 20,800,000 17,710,000
Water Utility
Refunding Bond 2010 0.85 - 5.15 1/01/11 - 30 1/1 & 7/1 5,740,000 4,840,000
Sewerage System
Revenue Bonds 2010 0.85 - 5.15 5/01/11 - 30 5/1 & 11/1 4,890,000 4,180,000
Sewerage System
Revenue Bonds 2011 2.0 - 4.0 5/01/12 - 31 5/1 & 11/1 8,290,000 6,860,000
Water Utility
Revenue Bonds 2011 0.85 - 5.15 1/01/13 - 31 1/1 & 7/1 6,510,000 5,750,000
Storm Water Revenue
Bond 2012 3.00 - 3.12 5/01/13 - 32 5/1 & 11/1 20,800,000 6,295,000
Sewerage System
Revenue Bonds 2012 2.25 - 3.00 5/01/13 - 32 5/1 & 11/1 8,290,000 5,700,000
Water Utility
Revenue Bonds 2012 2.25 - 3.125 1/01/14 - 32 1/1 & 7/1 5,430,000 5,185,000
Storm Water Revenue
Bond 2013 3.00 - 4.125 1/01/14 - 33 5/1 & 11/1 15,220,000 14,840,000
Sewerage System
Revenue Bonds 2013 2.00 - 4.125 1/01/14 - 33 5/1 & 11/1 4,175,000 3,980,000
Water Utility
Revenue Bonds 2013 2.00 - 4.125 1/01/15 - 33 1/1 & 7/1 3,785,000 3,785,000
Storm Water Revenue
Bond 2014 2.00 - 4.00 5/1/15-34 5/1 & 11/1 8,300,000 8,300,000
Sewerage System
Revenue Bonds 2014 2.00 - 4.00 5/1/15-34 5/1 & 11/1 5,980,000 5,980,000
Water Utility
Revenue Bonds 2014 2.00 - 4.00 1/1/16-34 1/1 & 7/1 3,795,000 3,795,000
Sewerage System Revenue
Clean Water 2014 2.625 5/01/15 - 34 5/1 & 11/1 1,717,824 1,717,823
128,416,837$
Type
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
56
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
expenses, 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 2034. The total principal and interest remaining to be paid on the water bonds is $58,219,173.
Principal and interest paid for the current year and total water customer net revenues were $4,906,817 and
$7,404,434, respectively. The total principal and interest remaining to be paid on the sewer bonds is
$40,730,156. Principal and interest paid for the current year and total sewer customer net revenues were
$3,586,322 and $5,868,657, respectively. The total principal and interest remaining to be paid on the storm
water bonds is $69,404,270. Principal and interest paid for the current year and total customer net revenues
were $3,460,867 and $5,126,662, respectively.
Annual principal and interest maturities of the outstanding revenue bonds on December 31, 2014 are detailed
below:
Year Ended Build America
December 31, Principal Interest Bonds Credit Total
2015 7,725,541$ 4,355,440$ (386,207)$ 11,694,774$
2016 8,317,270 4,099,196 (376,172) 12,040,294
2017 8,556,763 3,859,048 (364,331) 12,051,480
2018 8,813,146 3,605,159 (350,551) 12,067,754
2019 8,291,009 3,343,256 (334,251) 11,300,014
2020-2024 36,330,476 12,853,796 (1,361,445) 47,822,827
2025-2029 32,200,732 6,578,644 (660,833) 38,118,543
2030-2034 18,181,900 1,242,223 (21,134) 19,402,989
128,416,837$ 39,936,762$ (3,854,924)$ 164,498,675$
Business-type Activities
Build America Bonds
The general obligation debt issued on May 1, 2009 and September 2, 2010 and revenue bonds issued on
October 5, 2010 and October 14, 2010 qualifies as Build America Bonds, as described in Section 54AA of the
Internal Revenue Code. The interest on the debt is taxable as set forth in the regulations. The City was
originally eligible to receive a 35% subsidy of the annual interest payment from the Federal government, but
the reimbursement percentage has been decreasing and annual reimbursement is subject to federal
appropriation of funds. 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, 2014 is as follows:
Equalized valuation 3,748,827,600$
Margin of indebtedness:
5% of equalized valuation 187,441,380$
Less outstanding general obligation debt 147,228,958$
Deduct Debt Service Funds available for debt retirement 1,536,834 145,692,124
Margin of indebtedness 41,749,256$
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
57
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.
Advance Refunding
On November 5, 2014, the City issued debt to advance refund $3,015,000 of outstanding General Obligation
Bonds, Series 2004A and $5,295,000 of outstanding General Obligation Bonds, Series 2006A. As a result, the
bonds are considered to be defeased and the liability has been removed from the Statement of Net Position.
This advance refunding has been undertaken to reduce total debt service payments by $818,406 and to obtain
an economic gain (difference between the present value of the debt service payments of the refunded and
refunding debt) of $730,909.
Component Unit Long-term Debt
Information relating to the outstanding long-term debt is as follows:
Redevelopment Authority
Balance
Date of Interest Maturity Original Outstanding
Type Issue Rate Date Amount 12/31/14
Taxable redevelopment
lease revenue bonds 6/20/2006 6.25% 6/20/2031 6,360,000$ 6,360,000$
Annual principal maturities of the outstanding debt on December 31, 2014 are detailed below:
Year Ending
December 31,
2015-2029 -$
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, 2014, there were two series of Wisconsin Redevelopment Revenue Bonds outstanding
with an aggregate principal amount payable of $6,105,000.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
58
NOTE C - DETAILED NOTES ON ALL FUNDS (Continued)
7. Interfund Balances and Activity
Interfund receivables and payables at December 31, 2014 were as follows:
Due From Due to
Other Funds Other Funds
General fund 2,592,992$ 207,087$
Special assessment improvement capital projects - 3,240,450
Nonmajor Governmental Funds
Special revenue funds 134,132 107,314
Capital projects funds 68,314 4,199,798
Permanent fund - 134,132
Total governmental activities 2,795,438 7,888,781
Water utility fund 3,503,839 145,354
Sewer utility fund 2,719,816 935,294
Storm water utility 2,903,178 44,861
Nonmajor Enterprise Funds - 2,907,981
Total business-type activities 9,126,833 4,033,490
Totals 11,922,271$ 11,922,271$
The outstanding balances between funds result mainly from the time lag between the dates that 1) interfund
goods and services are provided or reimbursable expenditures occur, 2) transactions are recorded in the
accounting system, and 3) payments between funds are made.
Transfers within the reporting entity are substantially for the purposes of subsidizing operating functions,
funding capital acquisitions or maintaining debt service on a routine basis. Resources are accumulated in a
fund to support and simplify the administration of various projects.
The government-wide statement of activities eliminates as reported within the segregated governmental and
business-type activities columns. Only transfers between the two columns appear in this statement.
The following schedule reports transfers within the reporting entity:
Business-type
Transfers from General Debt Service Nonmajor Activities Total
Governmental activities:
Debt service fund 8,971,434$ - -$ -$ 8,971,434$
Equipment fund - - 94,157 - 94,157
Nonmajor governmental funds 6,746 - 7,843,324 12,809 7,862,879
Water utility enterprise fund 1,000,000 - - - 1,000,000
Total transfers to:9,978,180$ -$ 7,937,481$ 12,809$ 17,928,470$
Transfer to
Governmental Activities
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
59
NOTE D - OTHER INFORMATION
1. Retirement Commitments
All eligible City employees participate in the Wisconsin Retirement System (WRS), a cost-sharing, multiple-
employer, defined benefit, public employee retirement system. All employees initially employed by a
participating WRS employer prior to July 1, 2011, expected to work at least 600 hours a year (440 hours for
teachers and school district educational support employees) and expected to be employed for at least one
year from employee’s date of hire, are eligible to participate in the WRS. All employees initially employed by a
participating WRS employer on or after July 1, 2011, and expected to work at least 1,200 hours a year (880
hours for teachers and school district educational support employees) and expected to be employed for at
least one year from employee’s date of hire, are eligible to participate in the WRS. Employees hired to work
nine or ten months per year, (e.g. teachers contracts), but expected to return year after year are considered to
have met the one-year requirement.
Effective the first day of the first pay period on or after June 29, 2011, the employee required contribution was
changed to one-half of the actuarially determined contribution rate for employees in the General Employment
category, including Teachers, and Executives and Elected Officials. Required contributions for protective
contributions 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 for 2014 were:
Employee Employer
General (including Teachers) 7.00% 7.00%
Executives & Elected Officials 7.75% 7.75%
Protective with Social Security 7.00% 10.10%
Protective without Social Security 7.00% 13.70%
The payroll for City employees covered by the WRS for the year ended December 31, 2014 was $34,551,515;
the employer’s total payroll was $35,787,123. The total required contribution for the year ended December 31,
2014 was $5,603,347, which consisted of $3,184,741, or 9.2% of covered payroll from the employer and
$2,418,606, or 7.0% of covered payroll from employees. Total contributions for the years ended
December 31, 2013 and 2012 were $5,407,533 and $4,845,555, 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. A final average earnings is the average of
the employee’s three highest years’ 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 that may be obtained by writing to the Department of Employee
Trust Funds, P.O. Box 7931, Madison, WI 53707-7931.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
60
NOTE D - OTHER INFORMATION (Continued)
2. 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 2014 was approximately $53,161. The total
estimated future cost to the City of this plan as of December 31, 2014 is not determinable.
b. Health Care
Plan Description - The City provides health care insurance coverage for employees who retire until they
reach the age of 65. The retired employee contributes 100% of the premium for family coverage or 100%
of the premium for single coverage. There are 563 active and 45 retired employees in the plan.
Annual OPEB Cost and Net OPEB Obligation - The City’s annual other post-employment benefit (OPEB)
cost (expense) is calculated based on the annual required contribution (ARC), and the amount actuarially
determined in accordance with the parameters of GASB Statement 45. The ARC represents a level of
funding that, if paid on an ongoing basis, is projected to cover normal cost each year and amortize any
unfunded actuarial liabilities over a period not to exceed thirty years. The following table shows the
components of the City’s annual OPEB cost for the year, the amount actually contributed to the plan, and
changes in the City’s net OPEB obligation.
Amount
575,445$
135,588
(223,871)
487,162
(138,618)
348,544
4,519,616
4,868,160$
Component
Annual required contribution
Interest on net OPEB
Adjustment to annual required contribution
Annual OPEB cost (expense)
Contributions made
Change in net OPEB obligation
OPEB obligation - January 1
OPEB obligation - December 31
The annual required contribution for the current year was determined as part of the December 31, 2014
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 5.5% and ultimate rate at 4.4%.
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
61
NOTE D - OTHER INFORMATION (Continued)
The actuarial methods and assumptions used include techniques that are designed to reduce the effect of
short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with a long-
term perspective of the calculations. The unfunded actuarial accrued liability is being amortized as a level
dollar amount of projected payroll. The remaining amortization period at December 31, 2014 is 30 years,
and the remaining amount is $5,345,806.
Trend Information - The City’s annual OPEB cost, the percentage of the annual OPEB cost contributed to
the plan, and the net OPEB obligation for 2012 - 2014 is as follows:
Percentage
Annual of Annual
Year OPEB OPEB Cost Net OPEB
Ended Cost Contributed Obligation
12/31/2012 1,150,117$ 40.93% 3,724,502$
12/31/2013 1,181,708 41.87% 4,519,616
12/31/2014 487,162 28.45% 4,868,160
Funded Status and Funding Progress - As of December 31, 2014, the most recent actuarial valuation date,
the City’s unfunded actuarial accrued liability (UAAL) was $5,345,806.
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 is included within the City’s annual premiums.
Actuarial Methods and Assumptions - Projections of benefits for financial reporting purposes are based on
the substantive plan (the plan as understood by the employer and plan members) and include the types of
benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs
between the employer and plan members to that point. The actuarial methods and assumptions used
include techniques that are designed to reduce the effect of short-term volatility in actuarial accrued
liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations.
Additional information as of the latest actuarial valuation follows:
initial - 5.5%
ultimate - 4.4%
Medical trend rate
Amortization method Level
Remaining amortization period 30 years
Actuarial assumptions -
Investment rate of return 3.0%
Actuarial cost method Unit Credit
Valuation date December 31, 2014
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
62
NOTE D - OTHER INFORMATION (Continued)
3. 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.
4. 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.
5. 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 $1,562,733 at
December 31, 2014 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, 2014, 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 2014 were:
Current Year
Beginning Claims and Balance at
Year of Fiscal Changes in Claim Fiscal
Ended Year Liability Estimates Payments Year End
12/31/2014 $800,000 $9,188,047 $9,188,047 $800,000
12/31/2013 800,000 9,176,885 9,176,885 800,000
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2014
63
NOTE D - OTHER INFORMATION (Continued)
6. Upcoming Accounting Pronouncements
In June 2012, the GASB issued GASB Statement No. 68, Accounting and Financial Reporting for Pensions.
Statement No. 68 requires governments providing defined benefit pensions to recognize their unfunded
pension benefit obligation as a liability for the first time, and to more comprehensively and comparably
measure the annual costs of pension benefits. This net pension liability that will be recorded on the
government-wide and proprietary statements will be computed differently than the current unfunded actuarial
accrued liability, using specific parameters set forth by the GASB. The Statement also enhances
accountability and transparency through revised note disclosures and required supplemental information
(RSI). The City is currently evaluating the impact this standard will have on the financial statements when
adopted. The provisions of this Statement are effective for financial statements for the year ending
December 31, 2015.
7. Subsequent Events
Subsequent to year end, the City issued the following debt:
On February 17, 2015, the City issued $1,250,000 of general obligation notes payable annually through 2024
at an interest rate of 3.50%.
On July 15, 2015, the City issued $18,750,000 of general obligation bonds. Of the total proceeds, $11,820,000
will be used to refund outstanding portions of the 2005, 2007 and 2008 general obligation bonds with the
remainder used for current capital projects. The bonds are payable annually through 2034 at interest rates of
2.00% - 3.625%.
On July 15, 2015, the City also issued $4,210,000 of general obligation notes. The notes are payable annually
through 2024 at interest rates of 2.00% - 3.00%.
At various dates, the City had additional draws on Clean Water revenue bonds initially issued in 2014, the
proceeds of which were used to finance Sanitary Sewer projects. The 2015 draws totaled $1,420,239 to bring
the total amount outstanding on this debt issue to $3,138,062. The bonds are payable annually through 2034
at an interest rate of 2.65%.
REQUIRED SUPPLEMENTARY INFORMATION
CITY OF OSHKOSH, WISCONSIN
Schedule of Other Post Employment Benefit Plan Information
December 31, 2014
(4)
(2)Unfunded UAAL
Actuarial Actuarial as a
Actuarial (1)Accrued (3)Accrued Percentage
Valuation Actuarial Liability Funded Liability (5)of Covered
Date Value of (AAL) Entry Ratio (UAAL)Covered Payroll
December 31,Assets Age Normal (1) / (2)(2) - (1)Payroll (4) / (5)
2010 -$ 10,867,464$ 0.00%10,867,464$ N/A N/A
2012 - 11,550,920 0.00%11,550,920 N/A N/A
2014 - 5,345,806 0.00%5,345,806 N/A N/A
Year Ended
December 31,
2012
2013
2014 138,618 575,445 24.1%
470,728$ 1,209,598$ 38.9%
386,594 1,254,459 30.8%
The City implemented GASB Statement No. 45 for the fiscal year beginning January 1, 2008. Information for
prior years is not available.
Schedule of Funding Progress
Schedule of Employer Contributions
Employer Contributions
Annual Required Contribution
(ARC) Percentage Contributed
64
SUPPLEMENTARY INFORMATION
Total
Special Capital Nonmajor
Revenue Projects Permanent Governmental
Funds Funds Fund Funds
ASSETS
Cash and investments 4,648,632$ 38,537,922$ 10,162,753$ 53,349,307$
Receivables
Taxes 6,388,700 7,970,222 - 14,358,922
Special assessments - - - -
Accounts 147,634 196,097 - 343,731
Loans 4,018,829 - - 4,018,829
Due from other funds 134,132 68,314 - 202,446
TOTAL ASSETS 15,337,927$ 46,772,555$ 10,162,753$ 72,273,235$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable 299,722$ 1,404,158$ -$ 1,703,880$
Unearned revenues 70,001 26,000 - 96,001
Deposits 10,000 149,066 - 159,066
Due to other funds 107,314 4,199,798 134,132 4,441,244
Due to other governments 3,939,134 - - 3,939,134
Total Liabilities 4,426,171 5,779,022 134,132 10,339,325
Deferred Inflows of Resources
Property Taxes 6,388,700 7,970,222 - 14,358,922
Fund Balances
Restricted for
Retirement of long-term
debt - 1,900,343 - 1,900,343
Construction of assets - 28,384,271 - 28,384,271
Special purposes 3,763,430 - - 3,763,430
Trust agreements - - 10,028,621 10,028,621
Committed to
Special purposes 870,296 - - 870,296
Assigned to
Construction of assets - 6,959,196 - 6,959,196
Unassigned (110,670) (4,220,499) - (4,331,169)
Total Fund Balances 4,523,056 33,023,311 10,028,621 47,574,988
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES 15,337,927$ 46,772,555$ 10,162,753$ 72,273,235$
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2014
65
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2014
Committee Business
on Improvement Street
Aging District Recycling Lighting Library Museum Cemetery
ASSETS
Cash and investments 35,523$ 68,239$ 522,362$ 122,610$ 203,118$ 545,979$ -$
Receivables
Taxes 281,200 - - 1,100,000 2,482,100 863,400 282,600
Accounts 67,491 - 200 - 3,279 2,437 -
Loans - - - - - - -
Due from other funds - - - - 19,254 114,878 -
TOTAL ASSETS 384,214$ 68,239$ 522,562$ 1,222,610$ 2,707,751$ 1,526,694$ 282,600$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable 4,275$ 7,048$ 2,855$ 123,201$ 40,977$ 23,182$ 9,482$
Unearned revenues - - - - - - -
Deposits - - - - - - -
Due to other funds - - - - - - 23,156
Due to other governments - - - - - - -
Total Liabilities 4,275 7,048 2,855 123,201 40,977 23,182 32,638
Deferred Inflows of Resources
Property taxes 281,200 - - 1,100,000 2,482,100 863,400 282,600
Fund Balances
Restricted for
Special purposes 98,739 61,191 519,707 - 184,674 640,112 -
Committed to
Special purposes - - - - - - -
Unassigned - - - (591) - - (32,638)
Total Fund Balances (Deficit)98,739 61,191 519,707 (591) 184,674 640,112 (32,638)
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES 384,214$ 68,239$ 522,562$ 1,222,610$ 2,707,751$ 1,526,694$ 282,600$
(Continued)
66
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2014
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
Rental Local
Community Rehabilitation Revolving Senior
Development Loan Loan Center Police Fire/
Block Grant Program Program Revolving Bicycle Special Safety
-$ 191,415$ 1,356,247$ 26,800$ 14,755$ 15,273$ 335,685$
- - - - - - -
64,311 - - 626 - 3,223 1,964
3,939,134 79,695 - - - - -
- - - - - - -
4,003,445$ 271,110$ 1,356,247$ 27,426$ 14,755$ 18,496$ 337,649$
23,592$ -$ -$ 1,243$ -$ -$ 115$
- 70,001 - - - - -
- - - - - - -
40,719 - - - - - -
3,939,134 - - - - - -
4,003,445 70,001 - 1,243 - - 115
- - - - - - -
- 201,109 1,356,247 - - 18,496 337,534
- - - 26,183 14,755 - -
- - - - - -
- 201,109 1,356,247 26,183 14,755 18,496 337,534
4,003,445$ 271,110$ 1,356,247$ 27,426$ 14,755$ 18,496$ 337,649$
(Continued)
67
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2014
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
Federal
Police Cable TV EMS Community
Project Police Asset Asset Franchise Fire Historical Develop
D.A.R.E.Forfeiture Forfeiture Escrow Grant Marker Special
3$ -$ 63$ 29,378$ 31,709$ 26,608$ 32,604$
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
3$ -$ 63$ 29,378$ 31,709$ 26,608$ 32,604$
-$ -$ -$ -$ -$ -$ -$
- - - - - - -
- - - 10,000 - - -
- 179 - - - - -
- - - - - - -
- 179 - 10,000 - - -
- - - - - - -
3 - 63 - 31,709 26,608 32,604
- - - 19,378 - - -
- (179) - - - - -
3 (179) 63 19,378 31,709 26,608 32,604
3$ -$ 63$ 29,378$ 31,709$ 26,608$ 32,604$
(Continued)
68
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2014
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
Total
Community Nonmajor
Parks Public Pollock Traffic Healthy Special
Revenue Leach Works Garbage Water Safety Neighborhood Revenue
Facilities Amphitheater Special Disposal Park Grant Initiative Funds
265,354$ 650$ -$ 11,728$ 4,826$ -$ 807,703$ 4,648,632$
- 14,000 - 1,301,400 64,000 - - 6,388,700
568 23 - 3,512 - - - 147,634
- - - - - - - 4,018,829
- - - - - - - 134,132
265,922$ 14,673$ -$ 1,316,640$ 68,826$ -$ 807,703$ 15,337,927$
11,288$ 1,974$ -$ 47,941$ 549$ -$ 2,000$ 299,722$
- - - - - - - 70,001
- - - - - - - 10,000
- 34,794 8,071 - - 395 - 107,314
- - - - - - - 3,939,134
11,288 36,768 8,071 47,941 549 395 2,000 4,426,171
- 14,000 - 1,301,400 64,000 - - 6,388,700
254,634 - - - - - - 3,763,430
- - - - 4,277 - 805,703 870,296
- (36,095) (8,071) (32,701) - (395) - (110,670)
254,634 (36,095) (8,071) (32,701) 4,277 (395) 805,703 4,523,056
265,922$ 14,673$ -$ 1,316,640$ 68,826$ -$ 807,703$ 15,337,927$
69
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2014
Advance Park
Payments Improvement Park
Sidewalk Street Street Special Contract and Subdivision
Construction Improvement Tree Assessment Control Acquisition Improvement
ASSETS
Cash and investments 572,016$ 4,865,151$ -$ 136,844$ 1,189,318$ 391,224$ 350,150$
Receivables
Taxes 174,000 172,500 - - - 45,000 -
Accounts - - - - 158,059 - -
Due from other funds - - - - 68,314 - -
TOTAL ASSETS 746,016$ 5,037,651$ -$ 136,844$ 1,415,691$ 436,224$ 350,150$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable -$ 16,135$ -$ -$ 865,473$ 587$ -$
Unearned revenues - - - - - - -
Deposits - 3,500 - 136,844 7,722 - -
Due to other funds - - 10,770 - - - -
Total Liabilities - 19,635 10,770 136,844 873,195 587 -
Deferred Inflows of Resources
Property taxes 174,000 172,500 - - - 45,000 -
Fund Balances
Restricted for
Retirement of long-term debt - - - - - - -
Construction of assets - - - - - - -
Assigned to
Construction of assets 572,016 4,845,516 - - 542,496 390,637 350,150
Unassigned - - (10,770) - - - -
Total Fund Balances (Deficit)572,016 4,845,516 (10,770) - 542,496 390,637 350,150
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES 746,016$ 5,037,651$ -$ 136,844$ 1,415,691$ 436,224$ 350,150$
(Continued)
70
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2014
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Total Liabilities
Deferred Inflows of Resources
Property taxes
Fund Balances
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
Mct
Rochlin Golf Course Grand City Hall TIF #6
Park Equipment Senior Opera Complex Parking Ramp NW Industrial
Smokestack Improvement Center House Improvements Improvements Park
2,000$ 3,275$ 103,116$ 3,490$ 83,658$ 76,437$ 6,615$
- - - 73,000 - - -
- - - - - 3,500 -
- - - - - - -
2,000$ 3,275$ 103,116$ 76,490$ 83,658$ 79,937$ 6,615$
-$ -$ 2,782$ 13,765$ 9,438$ 1,385$ -$
- - - - - - -
- - - - - - -
- - - - - - -
- - 2,782 13,765 9,438 1,385 -
- - - 73,000 - - -
- - - - - - 6,615
- - - - - - -
2,000 3,275 100,334 - 74,220 78,552 -
- - - (10,275) - - -
2,000 3,275 100,334 (10,275) 74,220 78,552 6,615
2,000$ 3,275$ 103,116$ 76,490$ 83,658$ 79,937$ 6,615$
(Continued)
71
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2014
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Total Liabilities
Deferred Inflows of Resources
Property taxes
Fund Balances
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 #7 TIF #8 TIF #9 TIF #10 TIF #11 TIF #12 TIF #13
SW Industrial S Aviation Washburn Main and Oshkosh Division Marion Road/
Park Industrial Street Washington Office Center Street Pearl Ave.
15,313,281$ 394,507$ 4,162,378$ 793$ 4,282$ 626,344$ 23,707$
3,776,313 - 1,018,079 11,799 6,976 108,166 275,554
- - - - - - -
- - - - - - -
19,089,594$ 394,507$ 5,180,457$ 12,592$ 11,258$ 734,510$ 299,261$
-$ -$ -$ -$ -$ -$ -$
- - - - - - 26,000
- - - - - - 1,000
- - - - - - -
- - - - - - 27,000
3,776,313 - 1,018,079 11,799 6,976 108,166 275,554
- 394,507 - - - - -
15,313,281 - 4,162,378 793 4,282 626,344 -
- - - - - - -
- - - - - - (3,293)
15,313,281 394,507 4,162,378 793 4,282 626,344 (3,293)
19,089,594$ 394,507$ 5,180,457$ 12,592$ 11,258$ 734,510$ 299,261$
(Continued)
72
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2014
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Total Liabilities
Deferred Inflows of Resources
Property taxes
Fund Balances
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 #14 TIF #15 TIF #16 TIF #17 TIF #18 TIF #19 TIF #20
Mercy Park 100 Block City SW Industrial NW Industrial South Side
Medical Plaza Redevelopment Centre #3 Expansion Fox River
743,508$ 1,812,218$ 1,499,221$ 1,199,930$ -$ 397,993$ 151,379$
475,310 196,770 128,222 304,311 435,671 248,768 -
- - - - - - -
- - - - - - -
1,218,818$ 2,008,988$ 1,627,443$ 1,504,241$ 435,671$ 646,761$ 151,379$
-$ -$ -$ -$ 1,000$ -$ 157,512$
- - - - - - -
- - - - - - -
- - - - 2,161,540 - -
- - - - 2,162,540 - 157,512
475,310 196,770 128,222 304,311 435,671 248,768 -
- - 1,499,221 - - - -
743,508 1,812,218 - 1,199,930 - 397,993 -
- - - - - - -
- - - - (2,162,540) - (6,133)
743,508 1,812,218 1,499,221 1,199,930 (2,162,540) 397,993 (6,133)
1,218,818$ 2,008,988$ 1,627,443$ 1,504,241$ 435,671$ 646,761$ 151,379$
(Continued)
73
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2014
ASSETS
Cash and investments
Receivables
Taxes
Accounts
Due from other funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Unearned revenues
Deposits
Due to other funds
Total Liabilities
Deferred Inflows of Resources
Property taxes
Fund Balances
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
Total
TIF #25 Nonmajor
TIF #21 TIF #23 TIF #24 City TIF #26 TIF #27 Capital
Fox River SW Industrial Oshkosh Center Aviation North Main Projects
Corridor Park Corp.Hotel Business Park Street Funds
461,550$ 1,785,794$ 7,406$ -$ 2,170,337$ -$ 38,537,922$
148,649 - 216,055 155,079 - - 7,970,222
- - - - 34,538 - 196,097
- - - - - - 68,314
610,199$ 1,785,794$ 223,461$ 155,079$ 2,204,875$ -$ 46,772,555$
1,306$ 331,724$ -$ -$ 3,051$ -$ 1,404,158$
- - - - - - 26,000
- - - - - - 149,066
- - - 1,988,944 - 38,544 4,199,798
1,306 331,724 - 1,988,944 3,051 38,544 5,779,022
148,649 - 216,055 155,079 - - 7,970,222
- - - - - - 1,900,343
460,244 1,454,070 7,406 - 2,201,824 - 28,384,271
- - - - - - 6,959,196
- - (1,988,944) - (38,544) (4,220,499)
460,244 1,454,070 7,406 (1,988,944) 2,201,824 (38,544) 33,023,311
610,199$ 1,785,794$ 223,461$ 155,079$ 2,204,875$ -$ 46,772,555$
74
Total
Special Capital Nonmajor
Revenue Project Permanent Governmental
Funds Funds Fund Funds
Revenues
Taxes 6,030,600$ 8,115,405$ -$ 14,146,005$
Special assessments 143,622 - - 143,622
Intergovernmental 1,218,230 386,966 - 1,605,196
Licenses and permits 369 - - 369
Public charges for services 1,367,482 20,000 - 1,387,482
Miscellaneous 1,587,087 4,186,042 2,014,821 7,787,950
Total Revenues 10,347,390 12,708,413 2,014,821 25,070,624
Expenditures
Current
Public safety 146,880 - - 146,880
Public works 3,486,379 34,538 - 3,520,917
Health and welfare 444,287 13,847 44,257 502,391
Parks and recreation 5,787,794 85,571 89,113 5,962,478
Community development 1,019,434 3,268,149 - 4,287,583
Debt service
Principal - 3,026,823 - 3,026,823
Interest and fiscal charges - 1,045,089 - 1,045,089
Capital outlay 53,216 4,954,167 - 5,007,383
Total Expenditures 10,937,990 12,428,184 133,370 23,499,544
Excess of Revenues Over (Under)
Expenditures (590,600) 280,229 1,881,451 1,571,080
Other Financing Sources (Uses)
Long-term debt issued - 1,523,000 - 1,523,000
Transfers in 1,844,677 6,092,804 - 7,937,481
Transfers out (93,067) (7,640,109) (129,703) (7,862,879)
Total Other Financing Sources (Uses)1,751,610 (24,305) (129,703) 1,597,602
Net Change in Fund Balances 1,161,010 255,924 1,751,748 3,168,682
Fund Balances - January 1 3,362,046 32,767,387 8,276,873 44,406,306
Fund Balances - December 31 4,523,056$ 33,023,311$ 10,028,621$ 47,574,988$
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended December 31, 2014
75
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2014
Committee Business Community
on Improvement Street Development
Aging District Recycling Lighting Library Museum Cemetery Block Grant
Revenues
Taxes 281,800$ -$ -$ 1,081,700$ 2,370,000$ 741,000$ 261,100$ -$
Special assessments - 143,622 - - - - - -
Intergovernmental 71,963 - 237,855 - 27,912 28,250 - 684,474
Licenses and permits - - - - - - - -
Public charges for services 93 - - - 879,134 186 - 699
Miscellaneous 152,799 17,134 572,460 - 13,654 207,939 105,531 227,723
Total Revenues 506,655 160,756 810,315 1,081,700 3,290,700 977,375 366,631 912,896
Expenditures
Current
Public safety - - - - - - - -
Public works - - 1,073,817 1,122,888 - - - -
Health and welfare - - - - - - 396,466 -
Parks and recreation 529,894 - - - 3,375,850 1,232,100 - -
Community development - 152,525 - - - - - 859,680
Capital outlay - - - - - - - 53,216
Total Expenditures 529,894 152,525 1,073,817 1,122,888 3,375,850 1,232,100 396,466 912,896
Excess of Revenues Over (Under) Expenditures (23,239) 8,231 (263,502) (41,188) (85,150) (254,725) (29,835) -
Other Financing Sources (Uses)
Transfers in - - - - - 201,024 - -
Transfers out - - - - - (86,321) - -
Total Other Financing Sources (Uses)- - - - - 114,703 - -
Net Change in Fund Balances (23,239) 8,231 (263,502) (41,188) (85,150) (140,022) (29,835) -
Fund Balances (Deficit) - January 1 121,978 52,960 783,209 40,597 269,824 780,134 (2,803) -
Fund Balances (Deficit) - December 31 98,739$ 61,191$ 519,707$ (591)$ 184,674$ 640,112$ (32,638)$ -$
(Continued)
76
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2014
Revenues
Taxes
Special assessments
Intergovernmental
Licenses and permits
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Public safety
Public works
Health and welfare
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources (Uses)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
Rental Local
Rehabilitation Revolving Senior Police
Loan Loan Center Police Fire/Project Asset
Program Program Revolving Bicycle Special Safety D.A.R.E.Forfeiture
-$ -$ -$ -$ -$ -$ -$ -$
- - - - - - - -
- - - - 78,106 67,510 - -
- - - 369 - - - -
- - - - - 2,031 - -
90,256 - 45,875 - 11,510 852 - 5,314
90,256 - 45,875 369 89,616 70,393 - 5,314
- - - - 47,422 68,462 - 17,215
- - - - - - - -
- - 47,821 - - - - -
- - - 968 - - - -
2,990 - - - - - - -
- - - - - - - -
2,990 - 47,821 968 47,422 68,462 - 17,215
87,266 - (1,946) (599) 42,194 1,931 - (11,901)
- 1,035,811 - - - - - -
- - - - - - - -
- 1,035,811 - - - - - -
87,266 1,035,811 (1,946) (599) 42,194 1,931 - (11,901)
113,843 320,436 28,129 15,354 (23,698) 335,603 3 11,722
201,109$ 1,356,247$ 26,183$ 14,755$ 18,496$ 337,534$ 3$ (179)$
(Continued)
77
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2014
Revenues
Taxes
Special assessments
Intergovernmental
Licenses and permits
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Public safety
Public works
Health and welfare
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources (Uses)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
Federal
Police Cable TV EMS Community Parks Public
Asset Franchise Fire Historical Develop Revenue Leach Works
Forfeiture Escrow Grant Marker Special Facilities Amphitheather Special
-$ -$ -$ -$ -$ -$ 14,000$ -$
- - - - - - - -
4,900 - 14,441 - - - - -
- - - - - - - -
- - - - - 237,364 38,193 -
- 40 - 5,225 2,000 15,824 16,272 -
4,900 40 14,441 5,225 2,000 253,188 68,465 -
4,837 - 6,865 - - - - -
- - - - - - - -
- - - - - - - -
- - - 5,710 - 247,851 84,019 -
- - - - 220 - - -
- - - - - - - -
4,837 - 6,865 5,710 220 247,851 84,019 -
63 40 7,576 (485) 1,780 5,337 (15,554) -
- - - - - - 15,000 -
- (6,746) - - - - - -
- (6,746) - - - - 15,000 -
63 (6,706) 7,576 (485) 1,780 5,337 (554) -
- 26,084 24,133 27,093 30,824 249,297 (35,541) (8,071)
63$ 19,378$ 31,709$ 26,608$ 32,604$ 254,634$ (36,095)$ (8,071)$
(Continued)
78
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2014
Revenues
Taxes
Special assessments
Intergovernmental
Licenses and permits
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Public safety
Public works
Health and welfare
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources (Uses)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
Total
Community Nonmajor
Pollock Traffic Healthy Special
Garbage Water Safety Neighborhood Revenue
Disposal Park Grant Initiative Funds
1,217,000$ 64,000$ -$ -$ 6,030,600$
- - - - 143,622
- - 2,819 - 1,218,230
- - - - 369
39,973 169,809 - - 1,367,482
- 96,679 - - 1,587,087
1,256,973 330,488 2,819 - 10,347,390
- - 2,079 - 146,880
1,289,674 - - - 3,486,379
- - - - 444,287
- 311,402 - - 5,787,794
- - - 4,019 1,019,434
- - - - 53,216
1,289,674 311,402 2,079 4,019 10,937,990
(32,701) 19,086 740 (4,019) (590,600)
- - - 592,842 1,844,677
- - - - (93,067)
- - - 592,842 1,751,610
(32,701) 19,086 740 588,823 1,161,010
- (14,809) (1,135) 216,880 3,362,046
(32,701)$ 4,277$ (395)$ 805,703$ 4,523,056$
79
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2014
Park Mct
Improvement Park Rochlin
Sidewalk Street Street Contract and Subdivision Park
Construction Improvement Tree Control Acquisition Improvement Smokestack
Revenues
Taxes -$ -$ -$ -$ -$ -$ -$
Intergovernmental - - - - - - -
Public charges for services - - - - - - -
Miscellaneous - 531,855 3,650 158,051 - 16,060 -
Total Revenues - 531,855 3,650 158,051 - 16,060 -
Expenditures
Current
Public works - 500 - - - - -
Health and welfare - - - - - - -
Parks and recreation - - 9,229 - - - -
Community development - - - - - - -
Debt service
Principal - - - - - - -
Interest and fiscal charges - - - - - - -
Capital outlay 276,106 16,134 - - 76,953 - -
Total Expenditures 276,106 16,634 9,229 - 76,953 - -
Excess of Revenues Over (Under) Expenditures (276,106) 515,221 (5,579) 158,051 (76,953) 16,060 -
Other Financing Sources (Uses)
Long-term debt issued 271,000 1,030,000 - - 222,000 - -
Transfer in - - - - - - -
Transfer out - - - - - - -
Total Other Financing Sources (Uses)271,000 1,030,000 - - 222,000 - -
Net Changes in Fund Balances (5,106) 1,545,221 (5,579) 158,051 145,047 16,060 -
Fund Balances (Deficit) - January 1 577,122 3,300,295 (5,191) 384,445 245,590 334,090 2,000
Fund Balances (Deficit) - December 31 572,016$ 4,845,516$ (10,770)$ 542,496$ 390,637$ 350,150$ 2,000$
(Continued)
80
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2014
Revenues
Taxes
Intergovernmental
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Public works
Health and welfare
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Transfer in
Transfer out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
Golf Course Grand City Hall TIF #6 TIF #7
Equipment Senior Opera Complex Parking Ramp NW Industrial SW Industrial
Improvement Center House Improvements Improvements Park Park
-$ -$ 73,000$ -$ -$ -$ 3,914,274$
- - - - - - 126,671
- - - - - - -
- - 10,012 64,573 61,344 - 60,533
- - 83,012 64,573 61,344 - 4,101,478
- - - - 34,038 - -
- 13,847 - - - - -
- - 76,342 - - - -
- - - - - - 80,592
- - - - - 10,000 40,000
- - - - - 300 1,500
- - - 138,834 - - -
- 13,847 76,342 138,834 34,038 10,300 122,092
- (13,847) 6,670 (74,261) 27,306 (10,300) 3,979,386
- - - - - - -
- - - - - - -
- - - - - - (3,681,139)
- - - - - - (3,681,139)
- (13,847) 6,670 (74,261) 27,306 (10,300) 298,247
3,275 114,181 (16,945) 148,481 51,246 16,915 15,015,034
3,275$ 100,334$ (10,275)$ 74,220$ 78,552$ 6,615$ 15,313,281$
(Continued)
81
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2014
Revenues
Taxes
Intergovernmental
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Public works
Health and welfare
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Transfer in
Transfer out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
TIF #8 TIF #9 TIF #10 TIF #11 TIF #12 TIF #13 TIF #14
S Aviation Washburn Main and Oshkosh Division Marion Road/Mercy
Industrial Street Washington Office Center Street Pearl Ave.Medical
592,842$ 976,451$ 12,684$ 7,152$ 105,798$ 282,611$ 472,077$
37,959 9,231 275 473 62 3,789 16
- - - - - - -
- 3,250,340 - 4,000 - 19,942 -
630,801 4,236,022 12,959 11,625 105,860 306,342 472,093
- - - - - - -
- - - - - - -
- - - - - - -
1,937,564 150 169 150 7,097 31,747 269,388
68,724 - - 10,000 27,350 1,033,318 80,000
13,768 - - 425 6,907 296,192 28,272
- - - - - 328 -
2,020,056 150 169 10,575 41,354 1,361,585 377,660
(1,389,255) 4,235,872 12,790 1,050 64,506 (1,055,243) 94,433
- - - - - - -
- - - - - 521,139 -
(1,628,653) - (12,809) - - - -
(1,628,653) - (12,809) - - 521,139 -
(3,017,908) 4,235,872 (19) 1,050 64,506 (534,104) 94,433
3,412,415 (73,494) 812 3,232 561,838 530,811 649,075
394,507$ 4,162,378$ 793$ 4,282$ 626,344$ (3,293)$ 743,508$
(Continued)
82
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2014
Revenues
Taxes
Intergovernmental
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Public works
Health and welfare
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Transfer in
Transfer out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
TIF #15 TIF #16 TIF #17 TIF #18 TIF #19 TIF #20 TIF #21
Park 100 Block City SW Industrial NW Industrial South Side Fox River
Plaza Redevelopment Centre #3 Expansion Fox River Corridor
195,734$ 122,370$ 313,913$ 433,115$ 246,536$ -$ 148,534$
38,640 94 78,522 2,027 1,723 1,832 299
- - - - - - -
- - 642 - - - 24
234,374 122,464 393,077 435,142 248,259 1,832 148,857
- - - - - - -
- - - - - - -
- - - - - - -
7,762 6,434 8,856 31,272 8,737 72,446 53,080
35,000 185,000 310,000 253,758 93,611 409,087 80,000
10,357 46,748 138,243 71,145 39,019 192,017 64,468
- - 2,186 602,204 - 2,399,100 800,500
53,119 238,182 459,285 958,379 141,367 3,072,650 998,048
181,255 (115,718) (66,208) (523,237) 106,892 (3,070,818) (849,191)
- - - - - - -
- - - - - 3,160,000 -
- - - (2,317,508) - - -
- - - (2,317,508) - 3,160,000 -
181,255 (115,718) (66,208) (2,840,745) 106,892 89,182 (849,191)
1,630,963 1,614,939 1,266,138 678,205 291,101 (95,315) 1,309,435
1,812,218$ 1,499,221$ 1,199,930$ (2,162,540)$ 397,993$ (6,133)$ 460,244$
(Continued)
83
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2014
Revenues
Taxes
Intergovernmental
Public charges for services
Miscellaneous
Total Revenues
Expenditures
Current
Public works
Health and welfare
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Transfer in
Transfer out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - January 1
Fund Balances (Deficit) - December 31
Total
TIF #25 Nonmajor
TIF #23 TIF #24 City TIF #26 TIF #27 Capital
SW Industrial Oshkosh Center Aviation North Main Projects
Park Corp.Hotel Business Park Street Funds
-$ 218,314$ -$ -$ -$ 8,115,405$
- 16,278 - 69,075 - 386,966
- - - - 20,000 20,000
- - - 5,016 - 4,186,042
- 234,592 - 74,091 20,000 12,708,413
- - - - - 34,538
- - - - - 13,847
- - - - - 85,571
55,729 234,592 15,170 388,670 58,544 3,268,149
140,000 - 193,827 57,148 - 3,026,823
58,173 - 60,726 16,829 - 1,045,089
641,706 - - 116 - 4,954,167
895,608 234,592 269,723 462,763 58,544 12,428,184
(895,608) - (269,723) (388,672) (38,544) 280,229
- - - - - 1,523,000
2,411,665 - - - - 6,092,804
- - - - - (7,640,109)
2,411,665 - - - - (24,305)
1,516,057 - (269,723) (388,672) (38,544) 255,924
(61,987) 7,406 (1,719,221) 2,590,496 - 32,767,387
1,454,070$ 7,406$ (1,988,944)$ 2,201,824$ (38,544)$ 33,023,311$
84
Total
Oshkosh Nonmajor
Parking Redevelopment Industrial Golf Enterprise
Utility Project Park Course Funds
ASSETS
Current Assets
Cash and investments 35,365$ 141,826$ -$ -$ 177,191$
Receivables
Accounts 286 83,928 259,675 995 344,884
Property held for resale - - 6,664,629 - 6,664,629
Inventories and prepaid items 28,177 - - - 28,177
Total Current Assets 63,828 225,754 6,924,304 995 7,214,881
Noncurrent Assets
Capital Assets
Land and construction in progress 1,851,549 3,217,183 - 826,541 5,895,273
Other capital assets, net of accumulated
depreciation 1,679,447 5,853,803 - 438,512 7,971,762
Total Capital Assets, Net 3,530,996 9,070,986 - 1,265,053 13,867,035
TOTAL ASSETS 3,594,824 9,296,740 6,924,304 1,266,048 21,081,916
LIABILITIES
Current Liabilities
Accounts payable 2,647 195,635 290 5,561 204,133
Accrued expenses 544 2,940 8,564 46 12,094
Deposits - 5,000 - - 5,000
Due to other funds 167,661 - 1,908,301 832,019 2,907,981
Current portion of long-term obligations 28,225 185,000 355,000 5,475 573,700
Total Current Liabilities 199,077 388,575 2,272,155 843,101 3,702,908
Noncurrent Liabilities
Employee benefits 2,086 - - 28,341 30,427
Long-term debt 27,651 1,010,000 1,845,000 8,334 2,890,985
Total Noncurrent Liabilities 29,737 1,010,000 1,845,000 36,675 2,921,412
TOTAL LIABILITIES 228,814 1,398,575 4,117,155 879,776 6,624,320
NET POSITION
Net investment in capital assets 3,475,120 7,875,986 - 1,251,244 12,602,350
Unrestricted (deficit)(109,110) 22,179 2,807,149 (864,972) 1,855,246
TOTAL NET POSITION 3,366,010$ 7,898,165$ 2,807,149$ 386,272$ 14,457,596$
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Net Position
Nonmajor Enterprise Funds
December 31, 2014
85
Total
Oshkosh Nonmajor
Parking Redevelopment Industrial Golf Enterprise
Utility Project Park Course Funds
Operating Revenues
Fines, forfeitures and penalties 21,133$ -$ -$ -$ 21,133$
Public charges for services 108,949 - - 507,725 616,674
Other revenues - 92,351 20,026 3,192 115,569
Total Operating Revenues 130,082 92,351 20,026 510,917 753,376
Operating Expenses
Operating and maintenance 113,386 1,190,958 4,625 497,628 1,806,597
Depreciation and amortization 103,172 108,987 - 34,099 246,258
Total Operating Expenses 216,558 1,299,945 4,625 531,727 2,052,855
Operating Income (Loss)(86,476) (1,207,594) 15,401 (20,810) (1,299,479)
Nonoperating Revenues (Expenses)
Taxes - 1,536,735 - - 1,536,735
Interest on investments - 248 - - 248
Interest and fiscal charges (3,517) (38,376) (57,276) (731) (99,900)
Total Nonoperating Revenues (Expenses)(3,517) 1,498,607 (57,276) (731) 1,437,083
Income (loss) before transfers and
contributed capital (89,993) 291,013 (41,875) (21,541) 137,604
Transfers in 12,809 - - - 12,809
Contributed capital 756,865 - - - 756,865
Change in Net Position 679,681 291,013 (41,875) (21,541) 907,278
Net Position - January 1 2,686,329 7,607,152 2,849,024 407,813 13,550,318
Net Position - December 31 3,366,010$ 7,898,165$ 2,807,149$ 386,272$ 14,457,596$
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenses and Changes in Net Position
Nonmajor Enterprise Funds
For the Year Ended December 31, 2014
86
Total
Oshkosh Nonmajor
Parking Redevelopment Industrial Golf Enterprise
Utility Project Park Course Funds
Cash Flows from Operating Activities
Cash received from customers 130,901$ 139,042$ 20,026$ 510,480$ 800,449$
Cash payments to suppliers and employees (141,326) (1,278,746) (4,659) (501,100) (1,925,831)
Net Cash Provided (Used) by Operating Activities (10,425) (1,139,704) 15,367 9,380 (1,125,382)
Cash Flows from Non-Capital Financing Activities
Property taxes received - 1,536,735 - - 1,536,735
Transfer from other funds 12,809 - - - 12,809
Net Cash Provided by Non-Capital Financing Activities 12,809 1,536,735 - - 1,549,544
Cash Flows from Capital and Related Financing
Activities
Acquisition of capital assets - (31,795) - (57,108) (88,903)
Principal payments on long-term debt (53,001) (185,000) (340,000) (5,300) (583,301)
Interest payments on long-term debt (3,237) (38,658) (58,012) (747) (100,654)
General obliation debt issued 28,655 - - - 28,655
Due to other funds (283) - 382,645 53,775 436,137
Net Cash Provided (Used) by Capital and Related
Financing Activities (27,866) (255,453) (15,367) (9,380) (308,066)
Cash Flows from Investing Activities
Investment income received - 248 - - 248
Net Decrease in Cash and Cash Equivalents (25,482) 141,826 - - 116,344
Cash and Cash Equivalents - January 1 60,847 - - - 60,847
Cash and Cash Equivalents - December 31 35,365$ 141,826$ -$ -$ 177,191$
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
Operating income (loss)(86,476)$ (1,207,594)$ 15,401$ (20,810)$ (1,299,479)$
Adjustments to reconcile operating income to
net cash provided (used) by operating activities:
Depreciation 103,172 108,987 - 34,099 246,258
Changes in assets and liabilities
Accounts receivable 819 46,691 - (437) 47,073
Due from other funds -
Due from other governments -
Inventories and prepaid items (28,177) - - - (28,177)
Accounts payable and accrued expenses 195 (6,704) (34) 198 (6,345)
Due to other funds - (81,084) - - (81,084)
Employee benefits 42 - - (3,670) (3,628)
Unearned revenues -
Net Cash Provided (Used) by Operating Activities (10,425)$ (1,139,704)$ 15,367$ 9,380$ (1,125,382)$
Noncash activities
Contributed capital assets 756,865$ -$ -$ -$ 756,865$
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Cash Flows
Nonmajor Enterprise Funds
For the Year Ended December 31, 2014
87
Total
Internal
Hospital Police Fire Workman's Service
Insurance Pension Pension Compensation Funds
ASSETS
Current Assets
Cash and investments 2,359,453$ 628,084$ 199,743$ 286,759$ 3,474,039$
Receivables
Accounts 8,820 - - 67,224 76,044
Taxes - - - 20,400 20,400
Total Current Assets 2,368,273 628,084 199,743 374,383 3,570,483
LIABILITIES
Current Liabilities
Accounts payable 5,540 - - 4,000 9,540
Accrued expenses 800,000 - - - 800,000
Total Current Liabilities 805,540 - - 4,000 809,540
DEFERRED INFLOWS OF RESOURCES
Property taxes - - - 20,400 20,400
NET POSITION
Unrestricted 1,562,733$ 628,084$ 199,743$ 349,983$ 2,740,543$
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Net Position
Internal Service Funds
December 31, 2014
88
Total
Internal
Hospital Police Fire Workman's Service
Insurance Pension Pension Compensation Funds
Operating Revenues
Intergovernmental charges for services 8,631,095$ -$ -$ 60,405$ 8,691,500$
Other revenues 1,774,150 - - 326,000 2,100,150
Total Operating Revenues 10,405,245 - - 386,405 10,791,650
Operating Expenses
Claims and administration 9,188,047 28,015 25,146 617,252 9,858,460
Operating Income (Loss)1,217,198 (28,015) (25,146) (230,847) 933,190
Nonoperating Revenues
Taxes - - - 20,400 20,400
Interest on investments 3,923 2,574 5,264 - 11,761
Total Nonoperating Revenues 3,923 2,574 5,264 20,400 32,161
Change in Net Position 1,221,121 (25,441) (19,882) (210,447) 965,351
Net Position - January 1 341,612 653,525 219,625 560,430 1,775,192
Net Position - December 31 1,562,733$ 628,084$ 199,743$ 349,983$ 2,740,543$
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenses and Changes in Net Position
Internal Service Funds
For the Year Ended December 31, 2014
89
Total
Internal
Hospital Police Fire Workman's Service
Insurance Pension Pension Compensation Funds
Cash Flows from Operating Activities
Cash received from customers 10,409,149$ -$ -$ 330,595$ 10,739,744$
Cash payments to suppliers and employees (9,214,337) (28,015) (25,146) (614,978) (9,882,476)
Net Cash Provided (Used) by Operating
Activities 1,194,812 (28,015) (25,146) (284,383) 857,268
Cash Flows from Non-Capital Financing Activities
Property taxes received - - - 20,400 20,400
Cash Flows from Investing Activities
Investment income received 3,923 2,574 5,264 - 11,761
Net Increase (Decrease) in Cash and Cash
Equivalents 1,198,735 (25,441) (19,882) (263,983) 889,429
Cash and Cash Equivalents - January 1 1,160,718 653,525 219,625 550,742 2,584,610
Cash and Cash Equivalents - December 31 2,359,453$ 628,084$ 199,743$ 286,759$ 3,474,039$
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
Operating income (loss)1,217,198$ (28,015)$ (25,146)$ (230,847)$ 933,190$
Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:
Changes in assets and liabilities
Accounts receivable 3,904 - - (55,810) (51,906)
Accrued expenses (26,290) - - 2,274 (24,016)
Net Cash Provided (Used) by Operating
Activities 1,194,812$ (28,015)$ (25,146)$ (284,383)$ 857,268$
CITY OF OSHKOSH, WISCONSIN
Statement of Cash Flows
Internal Service Funds
For the Year Ended December 31, 2014
90
STATISTICAL SECTION
Page No.
Financial Trends 91 - 95
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 96 - 99
These schedules contain information to help the reader assess the City's most
significant local revenue source, the property tax.
Debt Capacity 100 - 106
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 107
These schedules present information to help the reader understand the environment
within which the city's financial activities take place.
Operating Information 108 - 111
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 112 - 125
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
2014 2013 2012 2011 2010
Governmental Activities
Invested in Capital Assets, Net of Related Debt 28,014,455$ 19,329,489$ 19,419,962$ 19,229,355$ 59,344,634$
Restricted 45,613,499 37,140,497 30,364,648 26,651,319 12,781,352
Unrestricted 4,617,998 10,845,337 9,703,942 9,406,605 (7,027,497)
Total Governmental Activities Net Position 78,245,952$ 67,315,323$ 59,488,552$ 55,287,279$ 65,098,489$
Business-Type Activities
Invested in Capital Assets, Net of Related Debt 125,163,119$ 123,557,519$ 119,805,631$ 101,773,674$ 116,520,471$
Restricted 11,074,504 9,929,194 - - -
Unrestricted 27,688,003 21,406,542 27,837,526 41,439,462 29,745,981
Total Business-Type Activities Net Position 163,925,626$ 154,893,255$ 147,643,157$ 143,213,136$ 146,266,452$
Primary government
Invested in Capital Assets, Net of Related Debt 153,177,574$ 142,887,008$ 139,225,593$ 121,003,029$ 175,865,105$
Restricted 56,688,003 47,069,691 30,364,648 26,651,319 12,781,352
Unrestricted 32,306,001 32,251,879 37,541,468 50,846,067 22,718,484
Total Primary Government Net Position 242,171,578$ 222,208,578$ 207,131,709$ 198,500,415$ 211,364,941$
City of Oshkosh, Wisconsin
Net Investment in Capital Assets
Last Five Years
(accrual basis of accounting)
91
2014 2013 2012 2011 2010
Program Revenues
Governmental Activities:
Charges for Services:
General Government 1,510,767$ 1,459,590$ 1,499,241$ 2,364,086$ 119,557$
Public Safety 3,458,075 3,443,014 3,428,559 3,909,146 4,088,498
Public Works 4,266,651 4,286,794 4,068,799 3,637,583 5,214,099
Health and welfare 152,046 153,459 186,310 120,859 209,533
Parks and recreation 1,524,330 1,544,164 1,574,689 806,739 2,644,591
Transportation 17,020 63,496 45,917 - -
Community development 1,579,807 1,254,547 1,324,595 46,898 2,991,609
Operating grants and contributions 4,992,789 6,416,634 6,509,866 6,428,168 5,257,764
Capital grants and contributions 4,408,415 8,017,626 2,628,797 6,057,270 -
Total Governmental Activities Program Revenues 21,909,900 26,639,324 21,266,773 23,370,749 20,525,651
Business-Type Activities:
Charges for Services:
Transit utility 1,032,597 1,163,321 1,060,619 977,045 871,564
Water utility 13,380,404 12,100,460 12,653,163 11,883,928 11,359,012
Sewer utility 11,753,286 10,080,804 10,604,202 9,734,441 9,002,688
Storm Water utility 7,232,454 6,076,752 4,606,002 4,127,079 3,724,446
Other 753,376 2,086,110 1,903,780 1,890,888 868,689
Operating grants and contributions 2,980,554 3,969,073 3,016,504 2,862,158 4,720,484
Capital grants and contributions 3,621,003 2,687,333 2,131,530 1,816,885 3,030,390
Total Business-Type Activities Program Revenues 40,753,674 38,163,853 35,975,800 33,292,424 33,577,273
Total Primary Government Program Revenues 62,663,574 64,803,177 57,242,573 56,663,173 54,102,924
Expenses
Governmental Activities:
General Government 6,676,357 5,893,042 7,153,206 6,579,998 6,391,836
Public Safety 25,326,105 25,456,071 25,890,300 25,344,065 23,653,443
Public Works 15,963,233 15,853,312 18,613,846 15,786,739 14,880,323
Health and welfare 971,146 942,236 1,574,357 1,396,562 1,017,262
Parks and recreation 8,835,806 8,332,592 9,216,781 9,076,401 8,558,050
Transportation 670,784 762,341 743,613 728,496 685,570
Community development 6,929,143 10,149,353 2,758,184 9,376,637 4,903,810
Unclassified 658,374 793,442 776,758 606,496 551,791
Interest on debt 4,565,377 4,101,721 2,603,084 3,463,336 2,217,235
Total Governmental Activities Expenses 70,596,325 72,284,110 69,330,129 72,358,730 62,859,320
Business-Type Activities:
Transit utility 4,836,746 4,959,664 4,860,183 4,945,229 4,800,584
Water utility 10,616,162 9,836,700 10,557,966 10,352,077 11,296,626
Sewer utility 10,018,765 9,276,937 9,195,795 8,851,545 8,493,557
Storm Water utility 5,410,733 4,807,660 3,915,332 4,171,390 2,776,140
Other 2,152,755 2,073,923 1,989,165 1,994,268 5,201,117
Total Business-Type Activities Expenses 33,035,161 30,954,884 30,518,441 30,314,509 32,568,024
Total Primary Government Expenses 103,631,486 103,238,994 99,848,570 102,673,239 95,427,344
City of Oshkosh, Wisconsin
Changes in Net Position
(accrual basis of accounting)
Last Five Years
92
2014 2013 2012 2011 2010
Net (Expense)/Revenue
Governmental Activities (48,686,425)$ (45,644,786)$ (48,063,356)$ (48,987,981)$ (42,333,669)$
Business-Type Activities 7,718,513 7,208,969 5,457,359 2,977,915 1,009,249
Total Primary Government Net Expense (40,967,912) (38,435,817) (42,605,997) (46,010,066) (41,324,420)
General Revenues and Other Changes in Net Position
Governmental Activities:
Taxes:
Property and Other Local Taxes Levied For:
General Purposes 7,601,256 7,437,835 6,988,954 11,910,812 12,560,637
Other Purposes 14,629,667 13,887,960 13,629,952 7,526,939 -
Debt Service 17,637,047 17,015,651 16,704,943 16,623,050 16,675,924
12,239,874 12,646,485 12,667,257 13,227,462 13,454,777
Investment Earnings 2,530,813 1,007,079 754,834 585,859 467,806
Gain (Loss) on Sale of Capital Assets 4,629 32,594 - 88,877 75,206
Miscellaneous 3,986,577 547,200 180,880 852,301 756,938
Transfers 987,191 896,753 1,337,809 2,154,845 (237,000)
Total Governmental Activities 59,617,054 53,471,557 52,264,629 52,970,145 43,754,288
Business-Type Activities:
General Purposes property taxes levied for 2,203,488 795,749 817,657 888,750 8,148,457
Investment Earnings 97,561 93,869 155,472 212,089 226,694
Gain (Loss) on Sale of Capital Assets - 48,264 42,496 428,485 123,567
Transfers (987,191) (896,753) (1,337,809) (2,154,845) 237,000
Total Business-Type Activities 1,313,858 41,129 (322,184) (625,521) 8,735,718
Total Primary Government 60,930,912 53,512,686 51,942,445 52,344,624 52,490,006
Change in Net Position
Governmental Activities 10,930,629 7,826,771 4,201,273 3,982,164 1,420,619
Business-Type Activities 9,032,371 7,250,098 5,135,175 2,352,394 9,744,967
Total Primary Government Change in Net Position 19,963,000$ 15,076,869$ 9,336,448$ 6,334,558$ 11,165,586$
City of Oshkosh, Wisconsin
Changes in Net Position (continued)
Last Five Years
(accrual basis of accounting)
State and Federal Aids Not Restricted to Specific Functions
93
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
FUND BALANCES
RESERVED -$ -$ -$ -$ -$ 10,036,001$ 6,819,195$ 18,044,864$ 17,658,375$ 18,857,473$
UNRESERVED - - - - - 8,831,818 10,620,890 9,707,717 8,514,932 6,960,070
NONSPENDABLE
Inventories and prepaid items 33,723 13,477 63,560 20,117 15,128 - - - - -
Receivables from other funds 480,191 6,082,872 9,023,957 7,822,388 - - - - - -
RESTRICTED
Construction of assets 28,384,271 19,114,218 15,864,698 12,466,838 6,161,672 - - - - -
Debt service 3,437,177 6,628,347 3,843,324 3,827,124 802,645 - - - - -
Special purposes 3,763,430 3,121,059 2,954,583 3,619,623 2,225,449 - - - - -
Trust agreements 10,028,621 8,276,873 7,702,043 7,615,773 3,591,586 - - - - -
COMMITTED
Special purposes 870,296 327,044 199,313 453,083 1,440,897 - - - - -
ASSIGNED
Construction of assets 8,436,116 10,610,710 9,450,113 6,368,873 4,378,911 - - - - -
Subsequent years 44,977 91,977 502,664 687,688 766,216 - - - - -
UNASSIGNED
General fund 8,718,502 8,262,154 8,820,427 8,520,110 8,090,093 - - - - -
Special revenue funds (3,986,743) (2,058,210) (632,057) (51,337) (32,444) - - - - -
Capital project funds (4,331,169) (5,018,748) (7,783,852) (6,976,868) (1,896,158) - - - - -
Total Fund Balances 55,879,392$ 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$
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, 2014
94
2014 2013 2012 2011 2010
Revenues
Taxes 39,703,948$ 38,186,988$ 37,169,391$ 36,040,150$ 29,175,074$
Special assessments 3,278,508 3,957,420 1,819,259 291,300 3,560,361
Intergovernmental 16,856,805 18,179,507 17,954,593 19,283,704 18,845,337
Licenses and permits 1,630,361 1,690,229 1,697,164 1,903,473 1,550,077
Fines and forfeits 718,839 814,534 693,361 697,601 801,492
Public charges for services 5,072,026 5,723,603 4,747,578 5,163,689 4,919,919
Intergovernmental charges for services 3,371,926 3,313,954 3,959,645 3,240,651 3,348,419
Miscellaneous 8,776,973 3,297,214 3,596,865 6,410,171 2,249,104
Total Revenues 79,409,386 75,163,449 71,637,856 73,030,739 64,449,783
Expenditures
Current
General government 6,004,044 5,718,541 5,970,307 6,029,646 5,929,199
Public safety 24,604,669 24,180,522 24,187,942 23,810,954 22,529,557
Public works 9,653,984 9,249,548 10,283,815 9,704,657 9,449,325
Health and welfare 502,391 423,057 1,094,576 1,393,121 1,013,821
Parks and recreation 7,943,881 7,634,760 7,586,448 7,631,194 7,465,635
Transportation 678,097 677,682 599,980 728,496 685,570
Community development 6,316,899 6,305,710 3,620,086 3,777,858 4,711,826
Unclassified 613,892 773,537 766,501 606,496 551,791
Debt service
Principal 17,867,974 9,048,197 8,569,556 7,825,286 9,625,951
Interest and fiscal charges 3,601,824 3,322,065 2,842,832 3,473,041 2,113,520
Capital outlay 19,245,514 19,428,396 17,854,390 19,897,863 9,422,185
Total Expenditures 97,033,169 86,762,015 83,376,433 84,878,612 73,498,380
Excess of Revenues Over (Under)
Expenditures (17,623,783) (11,598,566) (11,738,577) (11,847,873) (9,048,597)
Other Financing Sources (Uses)
Long-term debt issued 25,208,622 16,054,100 20,044,000 22,725,000 18,584,000
Premium on debt issued 733,994
Payment to refunding escrow agent (8,878,405) - (4,007,871) (9,968,673) (2,622,227)
Transfers in 17,915,661 11,658,764 11,657,789 13,424,584 9,779,289
Transfers out (16,928,470) (10,671,298) (10,319,980) (11,269,739) (10,016,289)
Total Other Financing Sources (Uses)18,051,402 17,041,566 17,373,938 14,911,172 15,724,773
Net Change in Fund Balance 427,619 5,443,000 5,635,361 3,063,299 6,676,176
Fund Balances - January 1, as Restated 55,451,773 50,008,773 44,373,412 41,310,113 18,867,819
Fund Balances - December 31 55,879,392$ 55,451,773$ 50,008,773$ 44,373,412$ 25,543,995$
City of Oshkosh, Wisconsin
Changes in Fund Balances, Governmental Funds
Last Five Fiscal Years
95
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
2014 3,775,050,200$ 3,748,407,594$ 157,144,000$ 156,034,948$ 3,932,194,200$ 9.5620 3,904,442,543$ 100.71
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
CITY OF OSHKOSH, WISCONSIN
Assessed and Estimated Actual Value of Taxable Property
Last Ten Fiscal Years
December 31, 2014
Real Property Personal Property
96
Fiscal
Year Operations Debt Total Total
2014 4.361$ 5.201$ 9.562$ 36.6% 9.737$ 37.3% 1.116$ 4.3% 5.548$ 21.2% 0.169$ 0.6% 26.132$
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
Fiscal
Year Operations Debt Total Total
2014 15,204,000$ 18,130,300$ 33,334,300$ 91,144,879$
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 69,684,597 614,068
Tax Levies
16,644,482
637,971
638,536
640,825
641,392
645,192
653,212
631,784
624,844
5,337,084
19,215,346
22,766,095
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
25,684,457
24,368,125
Oshkosh Area Public
Schools
Fox Valley Technical
College
County of
Winnebago
18,903,075
17,887,005
20,169,459
19,642,097
19,882,754
19,496,778
19,413,865
State of Wisconsin
31,595,334
30,451,103
Oshkosh Area Public
Schools
Fox Valley Technical
College
County of
Winnebago State of Wisconsin
33,943,225$ 3,890,900$ 19,340,255$ 636,199$
City of Oshkosh
CITY OF OSHKOSH, WISCONSIN
Property Tax Rates - Direct and Overlapping Governments
Last Ten Fiscal Years
December 31, 2014
City of Oshkosh
97
Real Property Percentage of Total
Taxpayer Assessed Valuation (1)Assessed Valuation
Dumke & Associates 65,843,600$ 1.74%
Midwest Realty 57,175,700 1.51
Tom Rusch etal 47,118,100 1.25
Oshkosh Corporation 34,144,000 0.90
Curwood Bemis 28,587,000 0.76
Bergstrom 30,203,900 0.80
BFO Factory Shoppes 32,090,900 0.85
Charles Perry 31,038,400 0.82
Dennis Schwab 30,269,100 0.80
Aurora Medical 27,091,600 0.72
383,562,300$ 10.16%
Total Assessed Valuation 3,775,050,200$
December 31, 2004
Real Property Percentage of Total
Taxpayer Assessed Valuation (1)Assessed Valuation
Curwood Inc. (Bemis) & Weldon Inc. 31,744,900$ 1.34%
John Mark - Security Investments 36,947,300 1.56
Thomas N. Rusch, etal. 28,447,800 1.20
Oshkosh Truck Corp., Cadence Co. 12,667,300 0.53
Aurora Medical 11,958,600 0.50
Peter Jungbacker 13,367,300 0.56
Dennis Schwab etal 13,154,400 0.56
First Horizon Group Ltd. Partnership 13,067,000 0.55
Westowne Shoppes, etal 12,016,800 0.51
Mokler Properties 11,344,600 0.48
184,716,000$ 7.79%
Total Assessed Valuation 2,368,259,800$
(1) Assessed valuation based on the valuation of property for taxes collected in 2014 and 2004
respectively, and a review of the largest taxpayers for the City.
Source: City of Oshkosh Assessor's Office
City of Oshkosh, Wisconsin
Principal Taxpayers
12/31/2004 and 12/31/2014
December 31, 2014
98
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
2014 2013 103,008,897$ 100,896,914$ 97.95% 2,074,659$ 102,971,573$ 99.96%
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%
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, June 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
2005 - 2014
(1) - Total Tax Levy represents the real estate tax levies for the City, overlapping districts, and personal
property taxes.
99
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
2014 (1)115,817,334$ 3,524,291$ 4,868,160$ -$ 32,145,618$ 128,416,837$ 698,782$ $ 285,471,022 19.46% $ 4,275
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 (2)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
Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
(2) 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, 2014
Governmental Activities Business-Type Activities
(1) On August 22, 2014, the City paid off its Unfunded Pension Liability (WRS) with a State Trust Fund Loan. This loan is payable through 2034 with an interest rate of 4.25%. As a
result, general obligation debt increased $10,233,802 which was split between governmental and business-type activities.
100
Fiscal Year Population Equalized Value Debt Total
Ratio to Assessed
Value Per Capita
2014 66,778 3,748,827,600$ 147,228,958$ 3.93% 2,204.75$
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, 2014
Net General
101
2014
Percent Amount
Direct Debt:
City purpose 147,228,958$
Less Sanitary Sewer purpose (10,990,030)
Less Storm Sewer purpose (8,379,768)
Less Water Utility purpose (8,422,860)
Less TIF purpose (33,552,757)
Net City Purpose 85,883,543$ 100.0000% 85,883,543$
Total Net Direct Debt 85,883,543
Overlapping Debt
Oshkosh Area Public School District 38,355,965 74.7131% 28,656,930
Fox Valley Technical College 95,880,000 10.8992% 10,450,153
Winnebago County 74,488,476 51.2750% 38,193,966
Total Overlapping Debt 77,301,049
163,184,592$
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, 2014
TOTAL DEBT
Applicable to City
Debt shown includes general obligation bonds and notes. Excluded from above are revenue
bonds of $128,416,837.
102
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Equalized Value 3,748,827,600$ 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$
Debt limitation - 5% of equalized value 187,441,380 187,963,475 188,130,055 188,804,295 188,971,890 190,090,895 178,284,495 173,674,850 167,100,870 166,775,865
Debt applicable to limitation
Total outstanding general obligation debt 147,228,958 141,394,927 137,859,252 133,631,861 131,952,877 129,657,253 119,684,805 133,080,054 132,445,768 128,834,664
Less: Debt service fund (1,536,834) (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)
Less: Other funds available for debt retirement - (1,631,854) - - - - - - - -
Total debt applicable to limitation 145,692,124 137,996,642 136,260,778 132,753,822 131,150,232 128,510,270 117,870,260 117,713,552 117,463,738 114,460,243
Legal Debt Margin 41,749,256$ 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$
Total net debt applicable to the limit
as a percentage of debt limit 77.73%73.42%72.43%70.31%69.40%67.60%66.11%67.78%70.30%68.63%
CITY OF OSHKOSH, WISCONSIN
Legal Debt Margin Information
Last Ten Fiscal Years
December 31, 2014
103
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
Available for
Debt Service Principal Interest
Revenue
Coverage
2014 13,204,960$ 5,833,904$ 7,371,056$ 3,872,222$ 1,414,596$ 1.394
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
(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, 2014
Last Ten Fiscal Years
Pledged-Revenue Coverage
Water Revenue Bonds
104
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
Available for
Debt Service Principal Interest
Revenue
Coverage
2014 11,667,626$ 5,742,234$ 5,925,392$ 2,811,576$ 774,747$ 1.652
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
(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, 2014
Last Ten Fiscal Years
Pledged-Revenue Coverage
Sewer Revenue Bonds
105
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
Available for
Debt Service Principal Interest
Revenue
Coverage
2014 7,263,498$ 2,049,110$ 5,214,388$ 1,670,000$ 1,790,866$ 1.507
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
(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, 2014
Last Ten Fiscal Years
Pledged-Revenue Coverage
Storm Water Revenue Bonds
106
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DEM OGRAPHIC AND ECONOMIC INFORMATION
Total Per Capita
Personal Personal Median School Unemployment
Year Population (1) Income (2) Income (3)Age (4)Enrollment (5)Rate (6)
2014 66,778 1,467,246,216$ 21,972$ 33.9 11,226 4.8%
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%
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.htmlhttp://lbstat.dpi.wi.gov/lbstat_privdata
(6) Wisconsin Department of Workforce Development Website: worknet.wisconsin.gov
December 31, 2014
City of Oshkosh, Wisconsin
Demographic and Economic Statistics
Last Ten Years
107
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OPERATING INFORMATION
2004
Percentage of Oshkosh
Total City Financial
Employees Employment Report
Manufacturing
Oshkosh Corporation 2,800 7.62%1,730
Bemis (all Oshkosh locations)2,460 6.69%2,055
Silver Star Brands Inc. / Miles Kimball Co.650 1.77%565
Hoffmaster, A Solo Cup Company,454 1.23%486
(Scott Worldwide Food Service)
Lapham-Hickey Steel 256 0.70%122
Muza Metal Products 265 0.72%-
Non-Manufacturing
Aurora Medical Center & Aurora Group 870 2.37%750
U S Bank (Firstar)1,118 3.04%-
Affinity - Mercy Medical Group 678 1.84%2,623
4imprint (Nelson Marketing)584 1.59%-
Clarity Care (Residential Care RCDD)569 1.55%-
Wal-Mart 318 0.87%365
Lutheran Homes of Oshkosh 279 0.76%342
Oshkosh Community YMCA 200 0.54%-
United Parcel Service 200 0.54%-
Government
University of WI - Oshkosh 1,425 3.88%1,632
Oshkosh Area School District 1,388 3.78%1,572
Winnebago County 1,018 2.77%1,117
City of Oshkosh-, 521 FT, 43 PT 564 1.53%650
(source: Human Resources Mgr.)
Winnebago Mental Health Institute 702 1.91%720
Oshkosh Correctional Institution 502 1.37%518
CESA6 200 0.54%240
Oshkosh's Labor Force Estimates **36,763
**Source: WORKnet - Data Analyst - Labor Force
Source: Oshkosh Chamber of Commerce*
*Employee counts listed are the number of full-time equivalent employees reported by each
organization for the Oshkosh area.
Principal Employers*
CITY OF OSHKOSH, WISCONSIN
Current Year and Ten Years Ago
2014
December 31, 2014
108
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
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 6.00 5.00 5.00 5.00 5.00 5.00 5.00 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 12.00 14.00 14.00 14.00 14.00 14.00 14.00
Purchasing 3.00 3.00 3.00 3.00 3.00 3.00 2.00 2.00 3.00 3.00
Central Services - - - 1.00 1.00 1.00 1.00 1.00 1.00 1.00
I T / Central Services 7.40 7.40 7.40 7.00 7.00 7.00 7.00 7.00 7.00 7.00
Facilities Maint.5.00 5.00 5.00 5.00 4.00 4.00 4.00 4.00 4.00 4.00
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 115.00 114.00 116.00 116.00 116.00 116.00 116.00 116.00 117.00 118.00
Fire 107.00 107.00 108.00 108.00 108.00 108.00 108.00 108.00 109.00 109.00
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 11.00 12.00 12.00 12.00 11.00 11.00 11.00 12.00 13.00 13.00
Streets 29.00 29.00 29.00 31.00 31.00 31.00 30.00 32.00 33.00 34.00
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 8.00 9.25 10.00 11.00 11.00 11.00 11.00 13.00 13.00
Parks
Parks 14.89 15.64 15.64 15.64 15.50 15.50 15.50 15.50 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 5.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00
Economic Development 4.80 3.00 - - - - - - - -
Planning 8.50 7.50 9.90 9.90 9.50 9.50 9.50 9.50 9.00 9.00
Inspection Services 7.50 7.50 10.50 10.50 10.50 10.50 10.50 10.50 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 3.00 3.70 4.00 4.00 4.00 4.00 4.00 4.00
Senior Services 5.00 5.00 5.00 5.00 5.00 5.00 6.00 6.00 6.00 6.00
Parks Revenue Facilities 0.36 0.36 0.36 0.36 0.50 0.50 0.50 0.50 0.50 0.50
Public Works
Recycling 5.00 5.00 5.00 5.00 5.00 6.00 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
Health Srvcs/Nurses - - - 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Library 40.25 40.25 40.25 32.05 32.50 31.60 31.60 32.50 35.90 36.90
Museum 10.00 10.00 10.00 10.00 10.00 10.00 9.00 10.00 10.00 10.00
Housing - - - - - - - - 14.00 14.00
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 1.00 2.00 2.00 2.00 2.00
Water Utility 34.93 35.05 35.05 32.85 32.85 31.33 31.33 31.00 31.00 31.00
Sewer Utility 32.68 33.70 33.70 32.67 32.67 32.33 32.33 34.00 34.00 34.00
Storm Utility 10.50 10.50 10.50 8.00 8.00 7.33 7.00 7.00 7.00 7.00
Total Full-time Equivalent 550.81 549.90 557.55 555.67 557.02 554.59 554.26 560.50 584.90 586.90
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, 2014
109
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Police
Stations 1 1 1 1 1 1 1 1 1 1
Community Policing Offices I mobile 0 0 0 0 0 0 0 0 0
Patrol Units 28 28 28 28 29 30 32 34 34 34
Fire
Stations 6 6 6 6 6 6 6 6 6 6
Refuse Collection
Collection trucks 13 13 13 13 13 13 13 13 13 13
Other Public Works
Streets (miles)243.68 241.58 241.17 241.25 241.31 240.65 240.22 239.58 239.25 237.59
Street Lights 1,350 1,310 * * * * * * * *
City traffic signals (intersections)62 * * * * * * * * *
Parks and Recreation
Acreage 440 440 440 440 440 440 440 440 440 440
Playgrounds 17 17 17 17 17 17 18 18 18 18
Baseball/softball diamonds 18 18 18 18 18 18 19 19 19 19
Water
Watermains (miles)295.66 294.09 294.73 294.49 294.02 292.61 291.94 283.14 280.64 280.42
Average Daily Pumpage,6.849 6.160 6.422 6.508 6.388 6.315 6.534 6.866 7.381 7.354
(Million Gallons per day)
Wastewater
Sanitary sewers (miles)266.35 267.04 268.50 269.71 269.71 269.84 * *267.50 263.00
Storm sewers (miles)246.69 * * * * * * *227.60 219.20
Transit
Buses 17 17 17 17 17 17 17 17 17 17
Sources: various city departments
* Data Not Available
CITY OF OSHKOSH, WISCONSIN
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
December 31, 2014
110
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Police
Physical arrests 4,606 5,162 5,727 7,603 6,217 6,307 6,087 6,116 6,559 6,502
Traffic Enforcement Citations 7,799 7,846 8,919 7,415 6,750 5,203 1,328
Reportable Accidents 1,243 1,403 1,453 1,381 1,360 1,191 1,390 1,173 1,045 1,246
Fire
Emergency responses 8,087 7,625 7,502 7,343 6,741 5,862 6,612 6,419 5,887 5,415
Fire responses 107 114 121 113 116 104 160 221 180 175
Other 901 879 783 766 840 1,119 1,194 837 838 833
Refuse Collection
Refuse collected (average tons per day) 49.86 49.30 49.23 49.61 49.11 51.50 51.55 56.97 66.19 70.21
Refuse collected total tons per year 13,062.67 12,866.88 12,947.22 13,095.82 13,209.26 13,422.69 13,661.37 14,925.13 17,323.09 18,254.06
Comingled recyclable containers (tons) 4,262 4,317 4,526 4,434 4,371
Mixed paper (tons)2,004.17 2,438.73 2,590.48 2,614.22 2,700.93
Mixed paper and comingled recyclables (tons) 3,635.36 3,609.33 3,874.30 3,951.27 4,082.83
Other Public Works
New street pavement (miles) 0.00 0.16 0.00 0.00 0.05 0.25 0.42 0.31 0.58 2.21
Street resurfacing (miles) 1.38 2.89 4.89 6.91 14.87 5.18 5.10 6.52 2.09 8.26
Inspection
Commercial construction - units 136 30 6 100 34 56 8 72 171 45
Commercial construction (thousands of dollars) 11,315,000 4,383,000 283,183 9,496,000 7,117,000 2,878,000 2,844,000 14,342,000 9,275,000 2,587,301
Residential construction - units 21 21 22 14 24 18 51 58 63 93
Residential construction (thousands of dollars) 3,411,675 3,998,218 3,323,089 1,339,096 2,706,490 2,295,400 7,247,277 7,640,261 8,467,562 11,073,342
Water
New construction (miles) 2.78 2.54 4.01 4.24 5.26 * * * * *
Water main leaks 124 73 77 76 71 * * * * *
Average number of residential customers 24,352 24,225 23,823 23,547 23,512 23,451 23,352 22,893 22,960 22,925
Average annual usage per residential customer, 31,136 32,415 35,057 34,633 34,760 * * * * *
(gallons)
Transit
Total route miles 481,997 486,540 473,615 468,124 462,430 465,125 470,945 467,690 462,084 465,423
Passengers (includes paratransit) 1,000,778 1,007,785 1,089,681 1,029,812 990,329 1,061,149 1,223,656 1,196,250 1,138,502 1,124,405
Sources: various city departments
Notes:
Police Statistics
Reportable - Anything that gets reported to the State
1) Damage to property is over $1,000
2) Report of an injury or a complaint about an injury
3) Gov't property damage over $250.00 (ex - a light pole)
* Data Not Available
CITY OF OSHKOSH, WISCONSIN
Operating Indicators by Function/Program
Last Ten Fiscal Years
December 31, 2014
111
MISCELLANEOUS GENERAL DATA
2005 Estimate
2006 Estimate
2007 Estimate
2008 Estimate
2009 Estimate
2010 Estimate
2011 Estimate
2012 Estimate
2013 Estimate
2014 Estimate
Year No.No.
2005 87 5,477
2006 77 5,237
2007 69 5,217
2008 43 6,193
2009 20 6,130
2010 30 5,104
2011 50 1,834
2012 42 2,646
2013 33 2,439
2014 26 2,136
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Water (3)22,925 22,960 22,893 23,352 23,451 23,512 23,547 23,823 24,225 24,352
Electric (4)44,531 41,659 42,492 42,910 43,038 43,382 43,729 43,861 44,343 44,369
Gas (4)31,611 31,494 32,123 32,441 32,505 32,667 32,867 32,987 33,019 33,028
(1) Source: U.S. Census Bureau / WI Dept. of Admin.
(2) Source: City of Oshkosh Inspections Department
(3) Source: WI Public Service Commission http://www.psc.wi.gov
(4) Source: Wisconsin Public Service Corporation
BUILDING PERMITS (2)
ECONOMICS
CITY OF OSHKOSH, WISCONSIN
December 31, 2014
66,325
66,083
66,080
64,350
65,920
66,653
POPULATION - CITY OF OSHKOSH (1)
65,510
65,445
65,810
98,876,033
121,914,846
Value
13,660,642$
17,872,562
21,982,261
UTILITY CUSTOMERS AT YEAR END - CITY OF OSHKOSH
New Residential: Single,
Family, and Apartments Total of All Permits
9,823,490
21,705,692
26,119,317
25,447,066
95,870,311
64,463,673
74,950,553
15,563,675
Value
51,095,915
66,778
9,846,277
5,173,400
74,563,467$
77,672,133
66,248,867
82,002,706
112
YEAR
TOTAL
UNITS
SINGLE
FAMILY
TWO
FAMILY
MULTIPLE
FAMILY
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 92 23 - 64
2014 157 15 6 136
5,003 1,741 332 2,925
Source: City of Oshkosh Department of Community Development
City of Oshkosh, Wisconsin
NEW DWELLING UNITS CONSTRUCTED
1995-2014
113
Rates:
Quarterly Volume Charge
First 3,000 cubic feet (CU FT) $4.43 per 100 CU. FT.
Next 7,000 cubic feet 4.27 per 100 CU. FT.
Next 190,000 cubic feet 3.99 per 100 CU. FT.
Over 200,000 cubic feet 3.73 per 100 CU. FT.
100 CU. FT. = 748 Gallons
Minimum Quarterly Charge
Meter Size Service
Public Fire
Protection
5/8" & 3/4" 23.25$ 6.60$
1" 36.00 16.50
1-1/4" 48.00 24.60
1-1/2" 60.00 33.00
2" 90.00 54.00
3" 141.00 99.00
4" 207.00 165.00
6" 357.00 333.00
8" 537.00 531.00
10" 765.00 795.00
12" 996.00 1,062.00
Billings Usage (00's)
Oshkosh Correctional Institute $ 477,030.80 135,576
UW Oshkosh 284,120.43 71,050
Bemis / Curwood/Milprint 225,984.70 64,218
Pepsi Bottling 219,006.92 64,406
Oshkosh Corporation 139,696.78 37,249
Midwest Realty Management 109,811.74 22,955
Hydrite Chemical 108,738.46 31,440
Winnebago Mental Health 104,150.70 27,955
Winnebago County 96,635.84 21,726
State of WI - Drug Abuse Correctional Center 94,695.94 27,450
WATER UTILITY
Top Ten Users / Customers
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION
December 31, 2014
114
Rates:
Quarterly Volume Charge
Charge per 100 cubic Feet $3.65 100 CU. FT. = 748 Gallons
Unmetered Customers:
Fixed Quarterly Charge
(based on 16 CCF/quarter) $80.60
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" $22.50 4"$258.00
1"39.00 6"501.00
1-1/4" 48.00 8"792.00
1-1/2" 63.00 10"1,182.00
2"90.00 12"1,572.00
3"159.00
Billings Usage (00's)
Oshkosh Correctional Institute $ 582,220.45 161,627
UW Oshkosh 338,246.27 87,614
Winnebago County 295,314.41 78,330
Bemis / Curwood / Milprint 185,204.07 50,454
City of Oshkosh 157,511.41 40,071
Oshkosh Corporation 156,011.38 41,561
Midwest Realty Management 115,564.69 27,449
State of WI - Drug Abuse Correctional Ctr. 104,328.21 28,092
Winnebago Mental Health 97,026.77 25,435
Gabert & Rusch 92,058.27 21,269
SEWER UTILITY
Top Ten Users / Customers
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION (Continued)
December 31, 2014
115
Rates:
Quarterly Equivalent Runoff Unit (ERU)
Charge per ERU $30.73
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 $ 522,961.96 6,996.2086
Oshkosh Corporation 250,369.55 2,314.0917
City of Oshkosh 220,129.59 2,149.1247
State of Wisconsin 174,425.93 1,474.3916
Oshkosh Area School District 140,853.76 1,212.6696
UW Oshkosh 132,815.51 1,165.7156
Experimental Aircraft Association 114,806.65 1,176.1502
Bemis / Curwood / Milprint 101,399.92 845.1298
Bergstrom 67,526.42 575.6843
BFO Factory Outlets 48,611.56 408.4751
Note - Rate increase being implemented April 1, 2015, see City's website for new rates.
Top Ten Users / Customers
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION (Continued)
December 31, 2014
STORM WATER UTILITY
116
2012 2013 2014 2014 2015
ACTUAL ACTUAL BUDGETED ESTIMATED PROPOSED
REVENUES REVENUES REVENUES REVENUES BUDGET
TAXES LEVIED BY CITY
Total Taxes Levied 30,118,300 30,604,908 32,031,000 32,031,000 33,334,300
Property Taxes Levied Other Funds (see details below)(23,132,600)(24,277,700)(25,427,800)(25,427,800)(26,195,000)
Net General Fund Property Tax 0072-4102 6,985,700 6,327,208 6,603,200 6,603,200 7,139,300
Municipal Owned Utility 0072-4112 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Snow Removal 0072-4172 20,809 84,748 35,000 59,200 46,600
Weed Cutting 0072-4171 39,097 34,469 40,000 40,400 38,800
Mobile Home Tax 0072-4108 118,486 122,409 123,000 127,800 125,000
Payment in Lieu of Taxes 0072-4118 78,486 107,005 90,000 119,900 95,000
TOTAL TAXES LEVIED 8,242,578 7,675,839 7,891,200 7,950,500 8,444,700
LICENSES & PERMITS
Heating 0750-4377 72,435 91,092 82,400 76,800 83,000
Liquor License 0050-4322 133,051 133,667 133,000 123,300 130,000
Cigarette License 0050-4358 6,815 6,975 6,400 7,100 6,800
Sundry License 0050-4972 32,094 32,652 32,000 36,900 33,000
Assessor Fees 0080-4390 0 0 74,600 80,000 75,000
Electric Permits 0750-4376 79,314 85,347 93,600 80,000 80,000
Building Permits 0750-4374 381,744 368,900 417,600 310,200 382,100
Plumbing Permits 0750-4378 75,340 92,435 84,300 75,000 75,000
Flammable Tank Fees 0750-4384 2,085 1,465 1,000 500 500
Housing Fees 0750-4386 3,600 3,555 3,600 3,000 78,000
Code Seals & Plan. Fees 0750-4383 665 805 600 500 600
Code Enforcement 0750-4388 0 18,050 14,000 27,800 29,000
Weights & Measures 0750-4381 63,954 64,009 60,000 68,700 66,000
Zoning Ordinances 0740 - 4334 45,967 44,296 46,000 37,900 59,600
TOTAL LICENSES & PERMITS 897,064 943,248 1,049,100 927,700 1,098,600
FINES & COSTS
County Court 0211-4406 286,289 313,254 260,000 282,300 325,000
Police Department 0211-4402 407,072 501,280 475,000 413,800 472,000
Penalties 0072-4120 78,507 85,709 85,000 87,200 82,800
TOTAL FINES & COSTS 771,868 900,243 820,000 783,300 879,800
STATE & COUNTY AIDS
Town Aid - Cable TV 1010-4252 10,605 11,136 11,100 11,700 11,700
Town Ambulance Aid 0240-4251 77,098 78,569 78,600 78,400 22,600
Aid to Local Streets 0073-4228 2,718,309 2,875,106 2,826,600 2,824,600 3,038,500
Municipal Services 0073-4232 & 4236 936,185 1,017,462 1,011,800 1,011,400 930,400
State Shared Aids 0073-4210 9,670,727 9,671,889 9,669,400 9,669,400 9,672,600
State/Fed Aids-Trans 0211/0610/0810-4236 11,321 9,031 5,000 10,000 3,000
State Aids - Fire 0230-4236 137,911 140,624 140,600 160,100 160,100
Aids-Police 0211-4206 & 4226 & 4253 366,065 207,884 166,400 167,500 172,000
State Computer Credit 0073-4237 153,032 159,288 155,000 175,000 175,000
Expenditure Restraint 0073-4238 1,137,104 1,105,839 1,060,800 1,060,800 1,132,100
TOTAL STATE & CO. AIDS 15,218,357 15,276,828 15,125,300 15,168,900 15,318,000
CITY OF OSHKOSH, WISCONSIN
BUDGET FOR 2015 - REVENUES
117
2012 2013 2014 2014 2015
ACTUAL ACTUAL BUDGETED ESTIMATED PROPOSED
REVENUES REVENUES REVENUES REVENUES BUDGET
USE OF MONEY & PROPERTY
Interest on Investments 0073-4908 197,247 113,297 218,000 95,000 95,000
Interest on Special Assessments 0072-4910 311,013 370,418 275,000 281,400 275,000
Rent 0073-4922 - 4926 30 55 100 100 100
TOTAL USE OF MONEY & PROP.508,290 483,770 493,100 376,500 370,100
CHARGES FOR CURRENT SERVICES
Police Department Fees 0211- 4532-4972 192,954 178,018 150,000 156,900 150,000
Fire Department Fees 0230-4534 147,798 151,514 160,000 159,400 149,400
Ambulance Fees 0240-4538 2,386,901 2,292,809 2,615,000 2,328,000 2,421,000
Engineering Fees 0420-4520 20,505 543 10,000 10,500 10,000
Street Services 0420 & 0430-4557 75,241 98,203 70,000 87,000 65,000
Electrical Department 0801-4520 43,569 56,922 40,000 12,400 30,000
Sign Department 0810-4520 2,348 6,653 4,300 1,000 3,500
Parks Revenues 0610 / 0620-4572 - 4972 26,375 30,866 26,000 39,500 40,000
City Clerk Fees 0050-4520 6,310 6,370 6,000 6,000 6,000
Comm Dev 0740 / Econ Dev 0730 - CDBG -4811 367,851 401,126 237,600 348,100 270,600
Community Development - TIF 0730 / 0740-4811 0 0 320,000 194,500 407,900
Economic Development - County Aids 0730-4240 0 0 66,000 66,300 66,300
Comm Dev-Plan Review Fees-Econ Dev-0730-4520 0 57,791 25,000 0 0
Cable Access Fees 0150-4520 17,513 3,760 3,300 4,800 3,500
CATV Revenue 1010-4312 789,791 746,463 780,000 710,600 710,600
Property Search 0073-4519 19,490 22,935 21,000 21,400 21,000
Hazardous Materials 0230-4540 197 0 500 500 500
Garbage Fees 0470-4558 23,845 63,113 115,000 0 0
TOTAL CHGS. FOR CUR. SERV.4,120,688 4,117,086 4,649,700 4,146,900 4,355,300
INTERDEPARTMENTAL REVENUES
Materials & Labor-Utilities 0430-4812 699,968 614,366 600,000 619,000 615,000
Supervisor/Admin Labor-Util 0410,420,430-4814 288,177 289,368 293,000 307,700 293,000
Accounting Services-Utilities 0073-4806 456,648 463,107 470,000 450,000 470,000
Equipment/Labor Rental - Recycling 0480-4834 403,714 437,070 350,000 469,000 400,000
Computer Services - Utilities 0110-4822 162,800 164,600 166,400 166,700 166,700
Water G.O. Bond Abatement 0074-5275 1,361,287 1,368,362 1,306,300 1,306,300 1,304,400
Sewer G.O. Bond Abatement 0074-5273 1,626,633 1,536,864 1,520,700 1,520,700 1,489,800
Storm G.O. Bond Abatement 0074-5278 1,078,927 1,055,888 1,033,600 1,033,600 1,017,300
Parking G.O. Bond Abatement 0074-5272 54,369 53,023 55,800 55,800 30,200
Ind. Dev. G.O. Bond Abatement 0074-5270 419,996 405,411 398,000 398,000 407,400
TIF Districts G.O. Bond Abatement 0074-5274 3,534,596 3,981,045 4,092,600 4,096,000 4,410,200
Golf Course G.O. Bond Abatement 0074-5277 6,009 6,104 6,000 6,000 6,000
Centre G.O. Bond Abatement 0074-5261 219,485 216,447 223,700 223,700 220,300
Cable TV G.O. Bond Abatement 0074-5279 73,057 6,832 6,700 6,700 6,700
TSF from Debt Service BABs 0074-5299 0 0 402,800 402,800 0
TSF From Other Funds 0074-5299 354,513 0 0 0 0
Engineering Fees-Const. 0420-4555 1,948,338 1,345,442 1,000,000 1,300,000 1,562,200
TOTAL INTER. DEP. REV.12,688,517 11,943,929 11,925,600 12,362,000 12,399,200
CITY OF OSHKOSH, WISCONSIN
BUDGET FOR 2015 - REVENUES, (Continued)
118
2012 2013 2014 2014 2015
ACTUAL ACTUAL BUDGETED ESTIMATED PROPOSED
REVENUES REVENUES REVENUES REVENUES BUDGET
UNCLASSIFIED
Sundry Revenue 0073 etc - 4952-4972 105,886 160,287 140,000 156,100 137,400
Bond Proceeds 0073-5302 63,122 57,338 0 0 0
TOTAL UNCLASSIFIED 169,008 217,625 140,000 156,100 137,400
TOTAL GENERAL FUND REVENUES 42,616,370 41,558,568 42,094,000 41,871,900 43,003,100
Levy for Recycling *404,700 404,700 0 0 0
Levy for Garbage Collect & Disp *0 0 1,217,000 1,217,000 1,301,400
Levy for Street Lighting *1,013,000 1,057,500 1,081,700 1,081,700 1,100,000
Levy for Senior Services *297,300 291,800 281,800 281,800 281,200
Levy for "GO" Transit Utility *764,400 726,200 599,500 599,500 655,100
Levy for Library *2,384,200 2,302,200 2,370,000 2,370,000 2,482,100
Levy for Museum *836,400 848,600 741,000 741,000 863,400
Levy for Grand Opera House *66,200 66,200 73,000 73,000 73,000
Levy for Cemetery*276,200 274,800 261,100 261,100 282,600
Levy for Health Services*240,200 0 0 0 0
Levy for Equipment Fund *0 1,117,800 1,000,000 1,000,000 927,500
Levy Leach Amphetheater *0 15,000 14,000 14,000 14,000
Levy Pollock Comm Water Park *71,400 67,300 64,000 64,000 64,000
Levy for Debt Services 16,758,200 17,085,200 17,704,300 17,704,300 18,130,300
Levy for Agency Funds 20,400 20,400 20,400 20,400 20,400
TOTAL PROPERTY TAXES LEVIED TO OTHER FUNDS23,132,600 24,277,700 25,427,800 25,427,800 26,195,000
Build America Bond Credits Debt Services 433,563 463,029 0 302,600 355,400
Approp. from Debt Svc. Fund 0 0 350,000 0 568,000
OTHER FUND REVENUES 23,566,163 24,740,729 25,777,800 25,730,400 27,118,400
TOTAL REVENUES 66,182,533 66,299,297 67,871,800 67,602,300 70,121,500
CITY OF OSHKOSH, WISCONSIN
BUDGET FOR 2015 - REVENUES, (Continued)
119
PAYROLL PAYROLL CONTRAC-MATERIALS
DIRECT INDIRECT TUAL UTILITIES FIXED AND CAPITAL TOTAL
LABOR LABOR SERVICES CHARGES SUPPLIES OUTLAY BUDGET
GENERAL GOVENRNMENT
City Council 28,500 2,200 13,400 0 0 3,100 0 47,200
City Manager 185,600 73,000 15,000 0 0 1,400 0 275,000
City Attorney 250,900 125,900 57,200 0 0 8,100 0 442,100
Human Resources 379,900 149,000 85,800 0 0 12,300 0 627,000
City Clerk 167,400 63,100 11,000 0 0 3,200 8,000 252,700
Elections 53,400 1,300 10,000 100 0 17,000 0 81,800
Finance 672,700 272,800 4,600 0 0 3,900 0 954,000
Purchasing 166,100 57,700 4,400 0 0 1,400 0 229,600
Information Technology Division 431,900 182,000 423,100 37,800 0 104,500 12,400 1,191,700
Insurance 0 0 0 0 576,100 0 0 576,100
Facilities Maintenance 233,100 129,000 78,500 225,500 1,600 37,300 0 705,000
Independant Audit 0 0 23,700 0 0 0 0 23,700
Media Services 150,200 51,400 3,800 500 0 2,100 0 208,000
TOTAL GENERAL GOVERNMENT 2,719,700 1,107,400 730,500 263,900 577,700 194,300 20,400 5,613,900
PUBLIC SAFETY
Police 8,425,900 3,480,500 201,800 75,100 100 168,100 144,100 12,495,600
Animal Care 0 0 74,200 0 0 0 0 74,200
Fire & Ambulance 8,045,800 3,082,800 165,900 120,000 100 249,200 21,000 11,684,800
Hydrant Rental 0 0 650,000 0 0 0 0 650,000
Auxiliary Police 0 0 1,300 100 0 3,400 0 4,800
Crossing Guards 73,200 5,600 0 0 0 0 0 78,800
Police & Fire Commission 0 0 10,800 0 0 200 0 11,000
TOTAL PUBLIC SAFETY 16,544,900 6,568,900 1,104,000 195,200 200 420,900 165,100 24,999,200
PUBLIC WORKS
Public Works - Administration 273,000 101,400 3,100 0 200 800 0 378,500
Engineering 769,600 378,500 16,900 3,300 0 15,000 0 1,183,300
Streets - General 1,373,200 742,600 79,400 5,000 600 423,200 0 2,624,000
Central Garage 416,200 211,600 75,500 117,000 1,700 1,197,000 0 2,019,000
TOTAL PUBLIC WORKS 2,832,000 1,434,100 174,900 125,300 2,500 1,636,000 0 6,204,800
PARKS & OTHER FACILITIES
Parks 863,800 364,500 40,700 215,900 600 170,500 0 1,656,000
Forestry 202,600 90,800 9,000 0 0 26,900 0 329,300
TOTAL PARKS & OTHER FAC.1,066,400 455,300 49,700 215,900 600 197,400 0 1,985,300
CITY OF OSHKOSH, WISCONSIN
2015 OPERATING BUDGET BY FUNCTION
120
PAYROLL - PAYROLL - CONTRAC-MATERIALS
DIRECT INDIRECT TUAL UTILITIES FIXED AND CAPITAL TOTAL
LABOR LABOR SERVICES CHARGES SUPPLIES OUTLAY BUDGET
COMMUNITY DEVELOPMENT
Assessor 312,000 144,600 80,000 2,900 0 4,500 0 544,000
Economic Development 310,000 120,900 181,200 700 500 5,300 0 618,600
Planning Services 490,300 177,900 9,400 100 0 4,300 0 682,000
Inspection Services 478,000 212,800 65,800 6,500 800 6,600 0 770,500
TOTAL COMMUNITY DEV.1,590,300 656,200 336,400 10,200 1,300 20,700 0 2,615,100
DEPT. OF TRANSPORTATION
Electric 295,600 113,300 12,200 39,100 1,000 42,300 0 503,500
Sign 93,000 32,700 10,600 4,900 0 63,200 0 204,400
TOTAL DEPT. OF TRANS.388,600 146,000 22,800 44,000 1,000 105,500 0 707,900
UNCLASSIFIED
Unemployment Compensation 0 28,000 0 0 0 0 0 28,000
Uncollectible Accounts 0 0 618,200 0 0 0 0 618,200
Employee Benefit Fees 0 0 13,000 0 0 0 0 13,000
Patriotic Celebration 0 0 20,000 0 0 0 0 20,000
Adjustment of Salaries 155,300 0 0 0 0 0 0 155,300
Health Ins Fund Surcharge (120,000) (120,000)
Unclassified Expenses 0 0 120,000 0 0 0 0 120,000
Mobile Home Tax 0 0 42,400 0 0 0 0 42,400
Industrial Development 0 0 0 0 0 0 0 0
TOTAL UNCLASSIFIED 155,300 (92,000) 813,600 0 0 0 0 876,900
TOTAL BUDGET 25,297,200 10,275,900 3,231,900 854,500 583,300 2,574,800 185,500 43,003,100
Budget for Recycling 256,700 108,300 460,900 300 1,800 92,800 170,700 1,091,500
Budget for Garbage Collect & Disp 373,700 219,000 584,600 0 13,100 111,000 0 1,301,400
Budget for Street Lighting 0 0 0 1,058,000 0 51,700 0 1,109,700
Budget for Senior Services 302,800 149,700 34,100 54,200 7,300 4,200 0 552,300
Budget for "GO" Transit Utility 1,604,900 802,900 1,529,400 42,100 108,200 523,700 67,000 4,678,200
Budget for Library 1,820,700 686,000 387,200 130,100 18,900 382,200 0 3,425,100
Budget for Museum 597,600 288,200 61,300 54,300 13,100 71,700 0 1,086,200
Budget for Grand Opera House 0 0 63,900 0 7,300 1,100 0 72,300
Budget for Cemetery 206,900 99,500 7,100 32,200 8,400 25,700 0 379,800
Budget for Health Services 0 0 0 0 0 0 0 0
Budget for Leach Amphitheater 8,000 600 18,800 23,300 200 16,700 0 67,600
Budget for Pollock Comm Wtr Park 45,000 3,400 161,600 62,400 7,400 51,300 0 331,100
Budget for Equipment Fund 0 0 0 0 0 0 927,500 927,500
TOTAL OPERATING BUDGET 30,513,500 12,633,500 6,540,800 2,311,400 769,000 3,906,900 1,350,700 58,025,800
121
CITY OF OSHKOSH
PER $1,000 2014 2013 INCREASE
OF TAXES TAX RATE TAX RATE (DECREASE)
State 0.647 % $ 0.169 $ 0.170 $ (0.001)
County 21.231 5.548 5.567 (0.019)
Area Schools 37.261 9.737 9.154 0.583
Area Vocational 4.270 1.116 1.973 (0.857)
City Tax 36.591 9.562 9.281 0.281
100.000 $ 26.132 $ 26.145 $ (0.013)
State Credit 1.293 1.277 0.016
$ 24.839 $ 24.868 $ (0.029)
2015 LEVY - 2014 TAX RATE
State
0.647%
County
21.231%
Area Schools
37.261%
Area
Vocational
4.270%
City Tax
36.591%
122
CITY OF OSHKOSH
2015 2014 INCREASE
SOURCE OF FUNDS AMOUNT PER CENT PER CENT (DECREASE)
Property Tax Levy $ 33,334,300 47.54% 47.22% 0.32%
Other Tax Revenue 2,228,800 3.18% 1.90% 1.28%
State Expenditure Restraint Revenue 1,132,100 1.61% 1.56% 0.05%
State Shared Revenue 9,672,600 13.80% 14.25%‐0.45%
Aid to Local Streets 3,038,500 4.33% 4.16% 0.17%
Other State & County Aids 1,474,800 2.10% 2.31%‐0.21%
Licenses, Permits, Fines 1,978,400 2.82% 2.76% 0.06%
Interdepartmental Charges 12,399,200 17.68% 17.58% 0.10%
Interest on Investments / Special Assessments 370,100 0.53% 0.69%‐0.16%
Miscellaneous Revenue 137,400 0.20% 0.72%‐0.52%
Charges for Services 4,355,300 6.21% 6.85%‐0.64%
$ 70,121,500 100.00% 100.00%
SOURCE OF FUNDS
Property Tax Levy
47.54%
Other Tax Revenue
3.18%
State Expenditure
Restraint Revenue
1.61%
State Shared
Revenue
13.80%
Aid to Local Streets
4.33%
Other State &
County Aids
2.10%
Licenses, Permits,
Fines
2.82%
Interdepartmental
Charges
17.68%
Interest on
Investments /
Special
Assessments
0.53%
Miscellaneous
Revenue
0.20%
Charges for
Services
6.21%
123
CITY OF OSHKOSH
2015 2014 INCREASE
USE OF FUNDS AMOUNT PER CENT PER CENT (DECREASE)
Parks 2,345,900 3.35%3.37%-0.02%
Debt Services 19,053,700 27.18%26.60%0.58%
Library, Museum, GOH 3,418,500 4.85%4.69%0.16%
Miscellaneous 1,824,800 2.60%2.63%-0.03%
Police 12,658,900 18.06%18.11%-0.05%
Transportation 2,463,000 3.51%3.47%0.04%
Fire and Ambulance 12,340,300 17.60%17.92%-0.32%
General Government 5,613,900 8.01%8.13%-0.12%
Public Works 7,506,200 10.71%10.96%-0.25%
Community Development 2,615,100 3.73%3.70%0.03%
Senior Services 281,200 0.40%0.42%-0.02%
$70,121,500 100.00%100.00%
USE OF FUNDS
Parks
3.35%
Debt Services
27.18%
Library, Museum,
GOH
4.85%
Miscellaneous
2.60%
Police
18.06%
Transportation
3.51%
Fire and
Ambulance
17.60%
General
Government
8.01%
Public Works
10.71%
Community
Development
3.73%
Senior Services
0.40%
124
CITY OF OSHKOSH
AMOUNT PER CENT
Payroll - Direct Labor $ 30,513,500 39.58 %
Agency Funds 20,400 0.03
Payroll - Indirect Labor 12,633,500 16.38
Fixed Charges 769,000 1.00
Debt Retirement 19,053,700 24.71
Contractual Services 6,540,800 8.48
Utilities 2,311,400 3.00
Materials & Supplies 3,906,900 5.07
Capital Outlay 1,350,700 1.75
$ 77,099,900 100.00 %
2015 BUDGET - USE OF FUNDS BY FUNCTION
Payroll ‐Direct Labor
39.58%
Agency Funds
0.03%
Payroll ‐Indirect
Labor
16.38%
Fixed Charges
1.00%
Debt Retirement
24.71%
Contractual Services
8.48%
Utilities
3.00%
Materials & Supplies
5.07%Capital Outlay
1.75%
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