HomeMy WebLinkAbout2015CAFRCity of
Oshkosh
ANNUAL FINANCIAL REPORT
Including Auditor’s Report
For the fiscal year ending
December 31, 2015
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 9 a.
FINANCIAL SECTION
Independent Auditors' Report 10 - 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 - 28
Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds 29 - 30
Statement of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual - General Fund 31
Statement of Net Position - Proprietary Funds 32 - 33
Statement of Revenues, Expenses and Changes in Net Position -
Proprietary Funds 34 - 35
Statement of Cash Flows-Proprietary Funds 36 - 37
Statement of Net Position-Fiduciary Funds 38
Notes to Basic Financial Statements 39 - 69
December 31, 2015
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2015
Page No.
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Funding Progress - OPEB 70
Schedule of Employer Contributions - OPEB 71
Schedule of Proportionate Share of Net Pension Asset -
Wisconsin Retirement System 72
Schedule of Contributions - Wisconsin Retirement System 73
Notes to Required Supplementary Information 74
SUPPLEMENTARY INFORMATION
Combining Balance Sheet - Nonmajor Governmental Funds 75
Combining Balance Sheet - Nonmajor Special Revenue Funds 76 - 79
Combining Balance Sheet - Nonmajor Capital Project Funds 80 - 84
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Governmental Funds 85
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Special Revenue Funds 86 - 89
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Capital Projects Funds 90 - 94
Combining Statement of Net Position-Nonmajor Enterprise Funds 95
Combining Statement of Revenues, Expenses and Changes in Net Position -
Nonmajor Enterprise Funds 96
Combining Statement of Cash Flows-Nonmajor Enterprise Funds 97
Combining Statement of Net Position - Internal Service Funds 98
Combining Statement of Revenues, Expenses and Changes in Net Position-
Internal Service Funds 99
Combining Statement of Cash Flows - Internal Service Funds 100
Table of Contents (Continued)
CITY OF OSHKOSH
OSHKOSH, WISCONSIN
December 31, 2015
Page No.
STATISTICAL SECTION
Net Investment in Capital Assets 101
Changes in Net Position 102 - 103
Fund Balances, Governmental Funds 104
Changes in Fund Balance, Governmental Funds 105
Assessed and Estimated Actual Value of Taxable Property 106
Property Tax Rates - Direct and Overlapping Governments 107
Principal Taxpayers 108
Property Tax Levies and Collections 109
Outstanding Debt by Type 110
Ratios of Net General Bonded Debt Outstanding 111
Direct and Overlapping Governmental Activities Debt 112
Legal Debt Margin Information 113
Pledged-Revenue Coverage
Water Revenue Bonds 114
Sewer Revenue Bonds 115
Storm Water Revenue Bonds 116
Demographic and Economic Statistics 117
Principal Employers 118
Full-time Equivalent City Government Employees by Function / Program 119
Capital Asset Statistics by Function / Program 120
Operating Indicator by Function / Program 121
Economics - Population, Building Permits, and Utility Customers 122
New Dwelling Units Constructed 123
Utility Information 124 - 126
Budgeted Revenues 127 - 129
Operating Budget by Function 130 - 131
Pie Charts -
Levy Rate 132
Source of Funds (Where the Money Comes From)133
Use of Funds (Where the Money Goes)134
Use of Funds by Function (How the Money Goes)135
Table of Contents (Continued)
INTRODUCTORY S E CTION
City of Oshkosh
215 Church Ave., PO Box 1130
Oshkosh, WI 54903-1130
August 12, 2016
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, 2015, 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.
1
Budgetary control is maintained at the department level by the encumbrance of
estimated purchase amounts prior to the release of purchase orders to vendors. Purchase
orders which result in an overrun of the departmental balances are not released until additional
appropriations are made available. Open encumbrances are reported as reservations of fund
balance as of December 31, 2015.
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 2015 was:
AMOUNT
RATIO OF DEBT TO
EQUALIZED VALUE DEBT PER CAPITA
Direct Bonded Debt $145,410,531 3.88% $2,192
Outstanding general obligation bonds at December 31, 2015 totaled $145,410,531 of
which $27,652 were issued for Parking Utility, $9,939,166 for Sewer Utility, $7,430,666 for
Water Utility, $1,845,000 for Industrial Park Fund, $815,832 for Transit System, $8,334 for Golf
Course, $1,010,000 for Oshkosh Center, and $7,632,924 for Storm Water Utility.
On July 15, 2015, $18,750,000 of General Obligation Corporate Purpose Bonds, and
$4,210,000 of General Obligation Promissory Notes were sold at a net true interest rate of
2.7825%, and 2.2271% respectively.
Assessed valuation of $3,748,747,500 represented a decrease of 0.70% from the
preceding year.
The City’s investment rating by Moody’s Investors Service as of December 31, 2015 was
an Aa3 rating.
2
CITY OF OSHKOSH
COUNCIL MEMBERS AND PRINCIPAL OFFICERS
COUNCIL MEMBERS
Steve Cummings, Mayor
Debra L. Allison-Aasby, Deputy Mayor
Thomas R. Pech, Jr.
Steven Herman
Caroline Panske
Ben Stepanek
Kyle Clark
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
4
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 66,327.
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
Steve Cummings Mayor 2017
Debra Allison-Aasby Deputy Mayor 2017
Tom R. Pech, Jr. Council Member 2017
Steven Herman Council Member 2016
Caroline Panske Council Member 2016
Ben Stepanek Council Member 2017
Kyle Clark Council Member 2016
CITY ADMINISTRATION
Mayor Steve Cummings is currently serving his first, two-year term as Mayor.
He served as Deputy Mayor in 2012 and has been a member of the Council for 5 years.
He is the Council representative on the Landmarks Commission and a member of the
Plan Commission and is a past member of Urban Wildlife Committee. Steve is a Board
Member of the Oshkosh Zoological Society, the Winnebago County Historical &
Archeological Society and Evergreen Village. Steve co-chairs the steering committee for
NeighborWorks Oshkosh and sits on the board of directors and is an officer of
Neighborworks Badgerland based in Racine. He chairs the RDA and is a member of the
East Central Wisconsin Regional Planning Commission.
Mayor Cummings has lived in Oshkosh his entire life. He graduated from
Oshkosh High School and attended the University of Wisconsin - Oshkosh. After serving
in the United States Marine Corps., he returned to Oshkosh to pursue a career in
advertising and marketing. He was an advertising manager and a director of marketing
for Mercury Marine in Fond du Lac for close to 20 years. He resigned from Mercury in
1987 to purchase Geer Murray Advertising in Oshkosh. Many of his clients were
5
Oshkosh based companies such as Leach Company, the Oshkosh Hilton and C.R.
Meyer. In that time, he created marketing communications materials on a pro bono basis
for a number of Oshkosh organizations including Oshkosh Public Museum, Oshkosh
Area Humane Society, Paine Art Center and Gardens, Oshkosh Boys and Girls Club,
Mercy Medical Center Foundation and Oshkosh Convention and Visitors Bureau. He is
also a former regional chair for Children's Hospital of Wisconsin. He earned a LEAN
Lead Certificate from the Milwaukee School of Engineering and is a 2012 graduate of
Leadership Oshkosh. Presently, Steve is a Realtor with First Weber Group.
Both Steve and his wife, Dede, have deep roots in the community being the fifth
generation of their respective families to call Oshkosh home. They share a love of
history and to that end; have resided in an 1855 Greek revival farmhouse the past 42
years. They have two children. Anne, who lives in California, and Adam, who resides on
a small family farm west of Oshkosh once owned by Steve's aunt and uncle. They
became grandparents in June of 2014 with the birth of their first grandchild, Oliver. Steve
and his two English Springer Spaniels, Bailey and Murphy, are enthusiastic Hosta
gardeners. The Cummings family is members of the Oshkosh Yacht Club.
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, Payroll, 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
Accountant.
6
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 100 sworn officers and 29 full and part-time civilian employees,
10 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.
7
PARKING UTILITY – The Parking Utility operates nineteen off-street parking lots,
containing 1,679 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
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
6.170 MGD in 2015. 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 2015 average daily flow was 11.68 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.
8
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 employs approximately 519 full-time, 86 part-time, and 157 seasonal
employees. Of which 13 are officials or administrators, 42 are supervisors/managers,
and 202 employees 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. All eligible full-time and part-time City employees participate in the Wisconsin
Retirement System, with some seasonals also eligible and enrolled. Pursuant to State
Law, annual contribution rates are set in June each year by an independent consulting
actuary and approved by the Employee Trust Funds Board. The rates based on
assumptions concerning mortality, disability, interest rates, retirement age, retirement
formula factor and the earnings, age, number of people in each category etc. Presently,
556 employees are eligible for health insurance, with 486 currently enrolled. The City’s
total contribution to the Retirement Fund was $3,035,452 for the year ended December
31, 2015.
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, 2015 was $51,859.
9
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 2015, 72.78% 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 approximately1,329 employees, both certified and non-certified.
The current enrollment has decreased by approximately 3.98% since the 2006-2015
school terms. The enrollment for the Unified School District for the past ten years is as follows:
Year Enrollment
2015/16 9,889
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
In addition to Unified School District operated schools, there are nine private and
parochial schools (kindergarten through grade 12). There are approximately 1,252 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 served 961 full-
time equivalent students for the 2014/2015 school year. The actual head count of students
served was 5,840.
9a.
FIN ANCI AL S E CTION
INDE PE NDENT AUDITOR S ’ REP ORT
Schenck
ADVISORY I TAXI ASSURANCE
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, 2015, 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.
schencksc.com
Schenck SC
fi[~7
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective
financial position of the governmental activities, the business-type activities, the discretely presented component
unit, each major fund, and the aggregate remaining fund information of the City as of December 31, 2015, and the
respective changes in financial position and, where applicable, cash flows thereof and the respective budgetary
comparison for the General Fund for the year then ended in accordance with accounting principles generally
accepted in the United States of America.
Emphasis of Matter
As discussed in Note D.5, the City implemented GASB Statement No. 68, Accounting and Financial Reporting for
Pensions - An Amendment of GASB Statement No. 27 and Statement No. 71, Pension Transition for
Contributions Made Subsequent to the Measurement Date — An Amendment of GASB Statement No. 68. Our
opinions are not modified with respect to this matter.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's
discussion and analysis on pages 13 through 22 and the schedules relating to pensions and other post-
employment benefits on pages 69 through 72 be presented to supplement the basic financial statements. Such
information, although not part of the basic financial statements, is required by the Governmental Accounting
Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial
statements in an appropriate operational, economic, or historical context. We have applied certain limited
procedures to the required supplementary information in accordance with auditing standards generally accepted
in the United States of America, which consisted of inquiries of management about the methods of preparing the
information and comparing the information for consistency with management's responses to our inquiries, the
basic financial statements, and other knowledge we obtained during our audit of the basic financial statements.
We do not express an opinion or provide any assurance on the information because the limited procedures do not
provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise
the City's basic financial statements. The financial information listed in the table of contents as supplementary
information is presented for purposes of additional analysis and is not a required part of the basic financial
statements.
The supplementary information is the responsibility of management and was derived from and relates directly to
the underlying accounting and other records used to prepare the basic financial statements. Such information
has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain
additional procedures, including comparing and reconciling such information directly to the underlying accounting
and other records used to prepare the basic financial statements or to the basic financial statements themselves,
and other additional procedures in accordance with auditing standards generally accepted in the United States of
America. In our opinion, the supplementary information is fairly stated, in all material respects, in relation to the
basic financial statements as a whole.
The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of
the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them.
11
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated August 16, 2016, on
our consideration of the City's internal control over financial reporting and on our tests of its compliance with
certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that
report is to describe the scope of our testing of internal control over financial reporting and compliance and the
results of that testing, and not to provide an opinion on the internal control over financial reporting or on
compliance. That report is an integral part of an audit performed in accordance with Government Auditing
Standards in considering the City's internal control over financial reporting and compliance.
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Certified Public Accountants
Green Bay, Wisconsin
August 16, 2016
12
M AN AG E M E NT’S DIS CUS S ION AND AN AL Y S IS
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2015
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, 2015. The analysis focuses on the City’s financial performance as a whole.
Financial Highlights
The assets and deferred outflows of resources of the governmental activities of the City exceeded its
liabilities and deferred inflows of resources as of December 31, 2015 and 2014 by $93,346,174 and
$78,245,952 (net position), respectively. Of this amount, $18,792,902 and $4,617,998 (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 $1,548,804 and $10,930,629,
respectively. Several factors contributed to the overall changes.
The property tax rate rose 3.0% and 3.8%, respectively, per $1,000 of property value for the years
ended December 31, 2015 and 2014, respectively.
As of December 31, 2015 and 2014, the City’s governmental funds reported combined ending fund
balances of $52,954,373 and $55,879,392, a decrease of $2,925,019 for 2015 and an increase of
$427,619 for 2014. Approximately 24% and 16% of this total amount, $12,955,552 and $8,881,683 is
available for spending at the City’s discretion (assigned and unassigned fund balance), respectively.
As of December 31, 2015 and 2014, unassigned fund balance for the general fund was $8,540,127
and $8,718,502, or approximately 20% and 21% of total general fund expenditures, respectively.
The City’s total general-obligation debt decreased by $1,818,427 (1.2%) during 2015. The key factor
in this decrease was the issuance of $24,210,000 of general obligation debt and $26,028,427 of
principal payments of general obligation debt.
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.
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
outflows and 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, 2015
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 65 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, special assessment improvement and
TIF #7 SW Industrial Park capital projects funds which are considered to be major funds. Data from the
other 61 governmental funds are combined into a single, aggregated presentation. Individual fund data for
each of these nonmajor governmental funds is provided in the form of combining statements elsewhere in
this report.
The City adopts an annual appropriated budget for the general fund, debt service fund, 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, 2015
15
Proprietary funds provide the same type of information as the government-wide financial statements, only
in more detail. The proprietary fund financial statements provide separate information for the transit,
water utility, sewer utility, and storm water utility, all of which are considered to be major funds of the City.
Data from the other four enterprise funds are combined into a single, aggregated presentation. Individual
fund data for each of these nonmajor enterprise funds is provided in the form of combining statements
elsewhere in this report. The four internal service funds are combined into a single, aggregated
presentation in the proprietary fund financial statements. Individual fund data for the internal service
funds is provided in the form of combining statements elsewhere in this report.
Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside
the government. Fiduciary funds are not reflected in the government-wide financial statements because
the resources of those funds are not available to support the City’s own programs. The accounting used
for fiduciary funds is much like that used for proprietary funds.
Notes to the basic financial statements. The notes provide additional information that is essential to a
full understanding of the data provided in the government-wide and fund financial statements.
Required Supplementary Information. The required supplementary information provides information
and disclosures related to the City’s other post-employment benefits and pension plan. 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 and deferred outflows of resources exceeded liabilities
and deferred inflows of resources by $267,367,056 and $242,171,578 at the close of 2015 and 2014,
respectively.
Governmental Business-type
Activities Activities Total
2015 2015 2015
Current and other assets 122,260,957$ 77,183,677$ 199,444,634$
Capital assets 143,635,959 279,006,533 422,642,492
Total assets 265,896,916 356,190,210 622,087,126
Deferred outflows of resources 7,437,155 1,545,196 8,982,351
Long-term liabilities outstanding 127,678,873 177,996,921 305,675,794
Other liabilities 12,490,626 4,877,712 17,368,338
Total liabilities 140,169,499 182,874,633 323,044,132
Deferred inflows of resources 39,818,398 839,891 40,658,289
Net position:
Net investment in capital assets 36,184,133 123,851,149 160,035,282
Restricted 38,369,139 14,773,848 53,142,987
Unrestricted 18,792,902 35,395,885 54,188,787
Total net position 93,346,174$ 174,020,882$ 267,367,056$
City of Oshkosh's Net Position
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2015
16
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
By far the largest portion of the City’s net position (60%) and (63%), respectively, reflects its investment in
capital assets (e.g. land, buildings, machinery and equipment, infrastructure, etc.), less any related debt
used to acquire those assets that is still outstanding. The City uses these capital assets to provide
services to citizens; consequently, these assets are not available for future spending. Although, the City’s
investment in its capital assets is reported net of related debt, it should be noted that the resources
needed to repay this debt must be provided from other sources, since the capital assets themselves
cannot be used to liquidate these liabilities.
An additional portion of the City’s net position (20%) and (23%), respectively, represents resources that
are subject to external restrictions on how they may be used. The remaining balance of unrestricted net
position ($54,188,787) and ($32,306,001), 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, 2015
17
Change in net position. Governmental activities increased the City’s net position by $1,548,804 in 2015
and by $10,930,629 in 2014. Business-type activities increased the City’s net position by $7,878,133 in
2015 and by $9,032,371 in 2014. Total net position of the City increased in 2015 by $9,426,937 and in
2014 by $19,963,000. Key elements of this change are as follows:
Governmental Business-type
Activities Activities Total
2015 2015 2015
Revenues:
Program revenues:
Charges for services 12,088,046$ 36,829,536$ 48,917,582$
Operating grants and contributions 6,414,312 2,988,658 9,402,970
Capital grants and contributions 3,898,785 2,282,249 6,181,034
General revenues
Property and other taxes 40,569,018 748,125 41,317,143
Grants and contributions not restricted to
specific programs 12,165,208 - 12,165,208
Other 528,612 (13,041) 515,571
Total revenues 75,663,981 42,835,527 118,499,508
Expenses:
General government 6,877,632 - 6,877,632
Public safety 27,496,737 - 27,496,737
Public works 16,804,792 - 16,804,792
Health and welfare 942,326 - 942,326
Park and recreation 8,886,775 - 8,886,775
Transportation 731,434 - 731,434
Community development 8,546,791 - 8,546,791
Unclassified 858,234 - 858,234
Interest of long-term debt 3,958,629 - 3,958,629
Transit utility - 4,737,860 4,737,860
Water utility - 10,564,852 10,564,852
Sewer utility - 10,526,101 10,526,101
Storm water utility - 5,808,799 5,808,799
Other - 2,331,609 2,331,609
Total expenses 75,103,350 33,969,221 109,072,571
Transfers 988,173 (988,173) -
Total expenses and transfers 74,115,177 34,957,394 109,072,571
Change in net position 1,548,804 7,878,133 9,426,937
Net position - January 1, 2015 78,245,952 163,925,626 242,171,578
Cumulative Effect of Change
in Accounting Principle 13,551,418 2,217,123 15,768,541
Net position - January 1, 2015, restated 91,797,370 166,142,749 257,940,119
Net position - December 31, 2015 93,346,174$ 174,020,882$ 267,367,056$
City of Oshkosh's Change in Net Position
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2015
18
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
Property and other taxes decreased by $754,315 (1.8%) in 2015 and increased by $2,934,263 (7.5%)
in 2014.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2015
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, 2015 and 2014, the City’s governmental funds reported combined ending fund
balances of $52,954,373 and $55,879,392, a decrease of $2,925,019 in 2015 and an increase of
$427,619 in 2014. Of the total fund balance, $(803,690) and $400,590 constitutes unassigned fund
balance, which is available for spending at the City’s discretion. The remainder of fund balance is
nonspendable, restricted, committed or assigned to indicate that it is not available for new spending
because it has already been committed as follows:
2015 2014
Nonspendable
Inventories and prepaid items 17,259$ 33,723$
Receivables from other funds 13,302,738 480,191
Total nonspendable 13,319,997$ 513,914$
Restricted for
Construction of assets 7,255,154$ 28,384,271$
Debt service 2,361,472 3,437,177
Special purposes 5,676,076 3,763,430
Trust agreements 9,437,194 10,028,621
Total restricted 24,729,896$ 45,613,499$
Committed to
Special purposes 1,948,928$ 870,296$
Assigned to
Construction of assets 13,759,242$ 8,436,116$
Subsequent year's budget - 44,977
Total assigned 13,759,242$ 8,481,093$
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 2015 and 2014, unassigned fund
balance of the general fund was $8,540,127 and $8,718,502, respectively, while total fund balance
reached $9,037,575 and $9,277,393, respectively. As a measure of the general fund’s liquidity, it may be
useful to compare both unassigned fund balance to total fund expenditures. Unassigned fund balance
represents 20% and 21% of total general fund expenditures.
The fund balance of the City’s general fund decreased by $239,818 in 2015 and increased by $429,594 in
2014.
The debt service fund has a total fund balance of $976,051 and $1,536,834, a decrease of $560,783 in
2015 and an increase of $229,597 in 2014.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2015
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 2015 and 2014 amounted to
$35,395,885 and $27,688,003, respectively. Net position increased $7,878,133 in 2015 and $9,032,371
in 2014.
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 2015 actual revenues were less than budgeted revenues by $54,872, primarily in public charges
for services. Actual expenditures were equal to modified budgeted, but this was offset by other financing
sources being over budget by $137,345, leaving a total budget overage of $192,217.
During 2014 actual revenues exceeded budgeted revenues by $308,734, primarily in intergovernmental
charges for services. Actual expenditures were less than budgeted expenditures by $104,002, but this
was offset by other financing sources being over budget by $16,858, leaving a total budget savings of
$429,594.
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, 2015 and 2014, amounted to $422,642,492 and $401,853,697 (net of accumulated
depreciation), respectively. This investment in capital assets includes land, land improvements, buildings,
machinery and equipment, vehicles, public domain infrastructure (highways and bridges), and
construction in progress. The City’s capital assets increased by $20,788,795 or 5% for 2015 and
increased by $17,190,448 or 4% for 2014.
Major capital asset acquired or constructed during the years ended 2015 and 2014 include:
The governmental activities include constructed streets in the amount of $5,234,912 and $2,238,521,
purchased land in the amount of $0 and $0, vehicles in the amount of $568,437 and $919,795, and
building improvements and contents in the amount of $21,012,441 and $376,421, respectively.
The business-type activities purchased additional land and improvements in the amount of
$1,965,379 and $2,449,615, and improvements to water, sewer and storm water utilities in the
amount of $22,398,085 and $16,043,225, respectively.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2015
21
Governmental Business-type
Activities Activities Total
2015 2015 2015
Land 20,011,147$ 13,648,460$ 33,659,607$
Construction in progress 9,748,972 9,598,478 19,347,450
Buildings and systems 50,679,119 244,930,797 295,609,916
Machinery and equipment 22,589,933 10,828,798 33,418,731
Infrastructure 40,606,788 - 40,606,788
Total 143,635,959$ 279,006,533$ 422,642,492$
City of Oshkosh's Capital Assets
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
Long-term debt. At the end of 2015 and 2014, the City had total bonded debt outstanding of
$292,710,805 and $275,645,795, respectively. Of this amount, $145,510,531 and $147,228,958,
respectively, comprises debt backed by the full faith and credit of the government. The remainder of the
City’s debt represents bonds secured solely by specified revenue sources (i.e., revenue bonds).
Governmental Business-type
Activities Activities Total
2015 2015 2015
General obligation debt:
Bonds and notes 116,700,957$ 28,709,574$ 145,410,531$
Total general obligation debt 116,700,957 28,709,574 145,410,531
Revenue bonds - 147,300,274 147,300,274
Total 116,700,957$ 176,009,848$ 292,710,805$
City of Oshkosh's Outstanding Debt
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
December 31, 2015
22
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
The City’s total debt increased by $17,065,010 (6.2%) in 2015 and by $17,653,057 (6.8%) in 2014.
The City maintains an Aa3 rating from Moody’s Investors Service for its general obligation debt as of
December 31, 2015. 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, 2015.
State statutes limit the amount of general obligation debt the City may issue to 5% of its total equalized
valuation. The debt limitation for 2015 and 2014 for the City was $187,182,250 and $187,441,380,
respectively, which is significantly in excess of the City’s $145,410,531 and $147,228,958 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 2016 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.
B AS IC FIN ANCI AL S T AT E M E NTS
CITY OF OSHKOSH, WISCONSIN
Statement of Net Position
December 31, 2015
ASSETS
Cash and investments
Receivables
Accounts, net
Taxes
Special assessments
Loans
Other
Internal balances
Due from other governments
Property held for resale
Inventories and prepaid items
Restricted assets
Cash and investments
Interest receivable
Net pension asset
Capital assets
Land and construction in progress
Other capital assets, net of accumulated
depreciation
TOTAL ASSETS
DEFERRED OUTFLOWS OF RESOURCES
Deferred charge on refunding
Deferred outflows related to pension
TOTAL DEFERRED OUTFLOWS OF RESOURCES
LIABILITIES
Accounts payable
Accrued expenses
Accrued interest payable
Due to other governments
Unearned revenues
Deposits
Long-term obligations
Due within one year
Due in more than one year
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES
Property taxes
NET POSITION
Net investment in capital assets
Restricted for
Primary Government Component Unit
Governmental Business-type Redevelopment
Activities Activities Total Authorit
$ 53,548,629 $ 23,986,546 $ 77,535,175 $ 150,768
3,376,837 11,899,885 15,276,722 -
39,878,665 839,891 40,718,556 -
10,222,180 - 10,222,180
4,129,712 - 4,129,712 -
- 15,154 15,154 -
4,162,515 (4,162,515) - -
193,238 222,383 415,621 -
- 6,664,629 6,664,629 -
17,259 2,755,744 2,773,003 -
- 33,865,102 33,865,102 636,000
- 7,394 7,394 -
6,731,922 1,089,464 7,821,386 -
29,760,119 23,246,938 53,007,057 17,720,778
113,875,840 255,759,595 369,635,435 -
265,896,916 356,190,210 622,087,126 18,507,546
529,834 368,598 898,432 -
6,907,321 1,176,598 8,083,919 -
7,437,155 1,545,196 8,982,351 -
2,975,736 2,287,703 5,263,439 -
2,925,893 - 2,925,893 -
1,033,688 2,567,919 3,601,607 -
3,980,792 - 3,980,792 -
124,088 1,690 125,778 -
1,450,429 20,400 1,470,829 -
11,126,912 12,735,900 23,862,812 -
116,551,961 165,261,021 281,812,982 6,360,000
140,169,499 182,874,633 323,044,132 6,360,000
39,818,398 839,891 40,658,289 -
36,184,133 123,851,149 160,035,282 11,360,778
Construction of assets 7,255,154 2,036,251 9,291,405 -
Debt service 2,361,472 10,471,535 12,833,007 636,000
Pension benefits 13,639,243 2,266,062 15,905,305 -
Special purposes 5,665,566 - 5,665,566 -
Trust agreements 9,437,194 - 9,437,194 -
Unrestricted 18,803,412 35,395,885 54,199,297 150,768
TOTAL NET POSITION $ 93,346,174 $ 174,020,882 $ 267,367,056 $ 12,147,546
The notes to the basic financial statements are an integral part of this statement
23
CITY OF OSHKOSH, WISCONSIN
Statement of Activities
For the Year Ended December 31, 2015
Functions/Programs
Primary government:
Governmental Activities
General government
Public safety
Public works
Health and welfare
Parks and recreation
Transportation
Community development
Unclassified
Interest on debt
Total Governmental Activities
Business-type Activities
Transit utility
Water utility
Sewer utility
Storm water utility
Other
Total Business-type Activities
Total primary government
Component unit:
Redevelopment authority
Pro ram Revenues
Operating Capital
Charges for Grants and Grants and
Ex enses Services Contributions Contributions
$ 6,877,632 $ 1,558,511 $ - $ -
27,496,737 3,201,203 518,916 131,149
16, 804, 792 3, 865,108 3, 271, 098 3, 767, 636
942, 326 171, 211 182, 697 -
8,886,775 1,457,930 638,493 -
731,434 38,197 - -
8, 546, 791 1, 795, 886 1, 803,108 -
858, 234 - - -
3, 958, 629 - - -
75,103.350 12.088.046 6.414.312 3.898,785
4,737,860 974,398 2,966,123 131,381
10,564,852 13,880,943 - 411,807
10, 526,101 11, 505,240 - 733,060
5,808,799 8,008,241 22,535 280,907
2,331,609 2,460,714 - 725,094
33.969,221 36.829.536 2.988,658 2,282.249
109,072,571 48,917,582 9,402,970 6,181,034
409,641 $ - $ - $ -
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
Investment return
Gain on sale of capital assets
Miscellaneous
Transfers
Total general revenues and transfers
Change in net position
Net position -January 1 as orginally reported
Cumulative effect of change in accounting principle
Net position -January 1, as restated
Net position -December 31
The notes to the basic financial statements are an integral part of this statement.
24
Net Expense Revenue and Chan es in Net Position
Component
Primar Government Unit
Governmental business-type Redevelopment
Activities Activities Total Authorit
$ (5,319,121) $ - $ (5,319,121) $ -
(23,645,469) - (23,645,469)
(5,900,950) - (5,900,950) -
(588,418) - (588,418) -
(6,790,352) - (6,790,352) -
(693,237) - (693,237) -
(4,947,797) - (4,947,797) -
(858,234) - (858,234) -
(3,958,629) - (3,958,629) -
(52,702,207) - (52,702,207) -
- (665,958) (665,958) -
- 3, 727, 898 3, 727, 898 -
- 1,712,199 1,712,199 -
- 2,502,884 2,502,884 -
- 854,199 854,199 -
- 8,131,222 8,131,222 -
(52,702,207) 8,131,222 (44,570,985) -
- - - (409,641)
7,674,823 748,125 8,422,948 -
18,037,275 - 18,037,275 -
14,533,882 - 14,533,882 -
323,038 - 323,038 -
12,165,208 - 12,165,208 -
185,641 (13,041) 172,600 -
25,683 - 25,683 19,200
317,288 - 317,288 398,463
988,173 (988,173) - -
54,251,011 (253,089) 53,997,922 417,663
1,548,804 7,878,133 9,426,937 8,022
78, 245, 952 163, 925, 626 242,171, 578 12,139, 524
13,551,418 2,217,123 15,768,541
91, 797, 370 166,142, 749 257, 940,119 12,139, 524
$ 93,346,174 $ 174,020,882 $ 267,367,056 $ 12,147,546
25
CITY OF OSHKOSH, WISCONSIN
Balance Sheet
Governmental Funds
December 31, 2015
ASSETS
Cash and investments
Receivables
Taxes
Special assessments
Accounts, net
Loans
Due from other funds
Due from other governments
Inventories and prepaid items
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable
Accrued payroll liabilities
Due to other funds
Due to other governments
Unearned revenues
Deposits
Total Liabilities
Deferred Inflows of Resources
Property taxes
Special assessments
Total Deferred inflows of Resources
Fund Balances
Nonspendable
Inventories and prepaid items
Receivables from other funds
Restricted for
Construction of assets
Debt service
Special purposes
Trust agreements
Committed to
Special purposes
Assigned to
Construction of assets
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES, DEFERRED
INFLOWS OF RESOURCES
AND FUND BALANCES
The notes to the basic financial statements are an integral part of this statement.
Special
Debt Assessment
General Service Improvement
$ 6,933,951 $ 976,051 $ -
16,167,167 9,851,809 -
478,139 - 9,744,041
2,749,126 - 18,837
1,299,028 - -
193,238 - -
17,259 - -
_$ 27,837,908 $ 10,827,860 $ 9,762,878
$ 378,528 $ - $ -
2,125,893 - -
160,925 - 4,805,453
28,087 - -
- - 1,291,554
2,693,433 - 6,097,007
16,106,900 9,851,809 -
- - 8,303,283
16,106,900 9,851,809 8,303,283
17,259 - -
480,189 - -
- 976,051 -
8,540,127 - (4,637,412)
9,037,575 976,051 (4,637,412)
$ 27,837,908 $ 10,827,860 $ 9,762,878
26
TIF #7 Other Total
SW Industrial Governmental Governmental
Park Funds Funds
$ 1,915,018 $ 39,957,992 $ 49,783,012
3,658,295 10,183,694 39,860,965
- - 10,222,180
- 565,392 3,333,355
- 4,129,712 4,129,712
12, 822, 549 163, 346 14, 284, 923
- - 193,238
- - 17,259
$ 18,395,862 $ 55,000,136 $ 121,824,644
$ - $ 2,584,152 $ 2,962,680
- - 2,125,893
- 5,156,030 10,122,408
- 3,980,792 3,980,792
- 96,001 124,088
- 158,875 1,450,429
- 11,975,850 20,766,290
3,658,295 10,183,694 39,800,698
- - 8,303,283
3,658,295 10,183,694 48,103,981
- - 17,259
12,822,549 - 13,302,738
- 7,255,154 7,255,154
- 1,385,421 2,361,472
- 5,676,076 5,676,076
- 9,437,194 9,437,194
- 1,948,928 1,948,928
1,915,018 11,844,224 13,759,242
- (4,706,405) (803,690)
14,737,567 32,840,592 52,954,373
_$ 18,395,862 $ 55,000,136 $ 121,824,644
27
CITY OF OSHKOSH, WISCONSIN
Balance Sheet (Continued)
Governmental Funds
December 31, 2015
Reconciliation to the Statement of Net Position
Total Fund Balance -Total Governmental Funds
Amounts reported for governmental activities in the statement
of net position are different because:
Capital assets used in governmental activities are not financial resources and,
therefore are not reported in the funds.
Other long-term assets are not available to pay for current period expenditures
and, therefore, are deferred in the funds. Special assessments account for this
difference.
Internal service funds are used by management to charge the costs of certain
activities, such as risk management to individual funds. The assets and
liabilities of the internal services funds are included in governmental activities in
the statement of net position.
The City's proportionate share of the Wisconsin Retirement System pension
plan is not an available financial resource; therefore, it is not reported in the fund
financial statements:
Net pension asset
Deferred outflows of resources
Long-term liabilities, including bonds and notes payable, are not due and
payable in the current period and, therefore, are not reported in the funds. The
details of this difference are as follows:
Bonds and notes payable
Premium on debt issued
Deferred charges on debt refundings
Employee benefits
Accrued interest on long-term obligations
Net Position of Governmental Activities
The notes to the basic financial statements are an integral part of this statement.
$ 6, 731, 922
6, 907, 321
$ 52,954,373
143,635,959
8,303,283
2, 996, 043
13, 639, 243
$ (116,700,957)
(1,156,505)
529,834
(9,821,411)
(1,033,688) (128,182,727)
$ 93,346,174
28
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balances
Governmental Funds
For the Year Ended December 31, 2015
Revenues
Taxes
Special assessments
Intergovernmental
Licenses and permits
Fines and forfeits
Public charges for services
Intergovernmental charges for services
Miscellaneous
Total Revenues
Expenditures
Current
General government
Public safety
Public works
Health and welfare
Parks and recreation
Transportation
Community development
Unclassified
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
Excess of Revenues Over (Under)
Expenditures
Special TIF #7 Other Total
Debt Assessment SW Industrial Governmental Governmental
General Service Im rovement Park Funds Funds
$ 7,461,861 $ 18,037,275 $ - $ 3,776,313 $ 11,118,609 $ 40,394,058
- - 3,936,072 - 154,560 4,090,632
15,406,743 - - 103,721 2,967,835 18,478,299
1,816,885 - - - 435 1,817,320
697,647 - - - 35,198 732,845
3,541,432 - - - 1,338,303 4,879,735
3,427,847 - - - - 3,427,847
703,513 20,339 - - 1,725,977 2,449,829
33,055,928 18,057,614 3,936,072 3,880,034 17,340,917 76,270,565
6,104,307 - - - - 6,104,307
25,388,813 - - - 167,735 25,556,548
5,881,397 - - - 3,187,004 9,068,401
- - - - 462,691 462,691
2,077,704 - - - 5,859,629 7,937,333
692,914 - - - - 692,914
2,060,530 - - 150 5,951,065 8,011,745
836,971 - - - - 836,971
- 7,255,284 - 35,000 3,662,478 10,952,762
8,065 2,666,328 - 700 1,064,777 3,739,870
- - 4,586,741 - 14,773,650 19,360,391
43,050,701 9,921,612 4,586,741 35,850 35,129,029 92,723,933
(9,994,773) 8,136,002 (650,669) 3,844,184 (17,788,112) (16,453,368)
Other Financing Sources (Uses)
Long-term debt issued - 7,050,153 - - 12,339,847 19,390,000
Premium on long-term debt issued - 483,527 - - - 483,527
Payment to refunding escrow agent - (7,333,351) - - - (7,333,351)
Transfers in 9,754,955 - - - 7,239,059 16,994,014
Transfers out - (8,897,114) - (4,419,898) (2,688,829) (16,005,841)
Total Other Financing Sources (Uses) 9,754,955 (8,696,785) - (4,419,898) 16,890,077 13,528,349
Net Change in Fund Balances (239,818) (560,783) (650,669) (575,714) (898,035) (2,925,019)
Fund Balances (Deficit) -January 1 9,277,393 1,536,834 (3,986,743) 15,313,281 33,738,627 55,879,392
Fund Balances (Deficit) -December 31 $ 9,037,575 $ 976,051 $ (4,637,412) $ 14,737,567 $ 32,840,592 $ 52,954,373
The notes to the basic financial statements are an integral part of this statement.
29
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balances (Continued)
Governmental Funds
For the Year Ended December 31, 2015
Reconciliation of the Statement of Activities
Net Change in Fund Balances -Total Governmental Funds $ (2,925,019)
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlays as expenditures. However,
Capital outlay reported in governmental fund statements $ 17,469,578
Net book value of capital assets disposed (190,253)
Depreciation expense reported in the statement of activities (9,284,020)
Amount by which capital outlays are greater than depreciation in
current period 7,995,305
Change in the net pension asset and outflows of resources as a result
of employer contributions, changes in assumptions and proportionate
share and the difference between the expected and actual experience
of the pension plan g7,g25
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. 255,500
Revenues in the statement of activities that do not provide current
financial resources are not reported as revenues in the funds. (629,674)
Certain employee benefits are reported in the governmental funds when
amounts are paid. The statement of activities reports the value of
benefits earned during the year. This year the accrual of these benefits
increased by: (1,428,960)
The issuance of long-term debt (e.g. bonds, leases) provides current
financial resources to the governmental funds, while the repayment of
the principal of long-term debt consumes the current financial resources
of governmental funds. Neither transaction, however, has any effect on
net position. Also, governmental funds report the effect of issuance
costs, premiums, discounts, and similar items when debt is first issued,
whereas these amounts are deferred and amortized in the statement of
activities. This amount is the net effect of these differences in the
treatment of long-term debt and related items, detailed as follows:
Issuance of general obligation debt $ (19,390,000)
Net change in premiums on debt issued (422,511)
Deferred charge on debt refunding 529,834
Principal paid on long-term debt 17,772,383
Net adjustment (1,510,294)
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: (295,879)
Change in Net Position of Governmental Activities $ 1,548,804
The notes to the basic financial statements are an integral part of this statement.
30
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balance
Budget and Actual
General Fund
For the Year Ended December 31, 2015
Revenues
Taxes
Intergovernmental
Licenses and permits
Fines and forFeits
Public charges for services
Intergovernmental charges for services
Miscellaneous
Total Revenues
Expenditures
Current
General government
Public safety
Public works
Parks and recreation
Transportation
Community development
Unclassified
Debt service
Interest and fiscal charges
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financing Sources
Transfers in
Net Change in Fund Balance
Fund Balance -January 1
Fund Balance -December 31
Variance with
Final Budget -
Budgeted Amounts Positive
Ori final Final Actual (Ne ative
$ 7,442,100 $ 7,442,100 $ 7,461,861 $ 19,761
15, 384, 300 15, 384, 300 15,406, 743 22,443
1,734,200 1,734,200 1,816,885 82,685
797,000 797,000 697,647 (99,353)
3, 738, 800 3, 738, 800 3, 541, 432 (197, 368)
3,506,900 3,506,900 3,427,847 (79,053)
507, 500 507, 500 703, 513 196, 013
33,110,800 33,110,800 33,055,928 (54,872)
6,157, 900 6,104, 308 6,104, 307 1
24,999,200 25,388,813 25,388,813 -
6,204,800 5,881,398 5,881,397 1
1,985, 300 2,077, 703 2, 077, 704 (1)
707,900 692,915 692,914 1
2,071,100 2,060,529 2,060,530 (1)
876,900 836,970 836,971 (1)
- 8, 065 8, 065 -
43,003,100 43,050,701 43,050,701 -
(9,892,300) (9,939,901) (9,994,773) (54,872)
9, 892, 300 9, 892, 300 9, 754, 955 (137, 345)
- (47,601) (239,818) (192,217)
9, 277, 393 9, 277, 393 9, 277, 393
$ 9,277,393 $ 9,229,792 $ 9,037,575 $ (192,217)
The notes to the basic financial statements are an integral part of this statement.
31
CITY OF OSHKOSH, WISCONSIN
Statement of Net Position
Proprietary Funds
December 31, 2015
ASSETS
Current Assets
Cash and investments
Receivables
Accounts
Taxes
Other
Due from other funds
Due from other governments
Property held for resale
Inventories and prepaid items
Total Current Assets
Restricted Assets
Cash and investments
Interest receivable
Net pension asset
Total Restricted Assets
Capital Assets
Land and construction in progress
Other capital assets, net of accumulated
depreciation
Total Capital Assets, net
TOTAL ASSETS
DEFERRED OUTFLOWS OF RESOURCES
Deferred charge on refunding
Pension related deferred outflows
TOTAL DEFERRED OUTFLOWS OF RESOURCES
LIABILITIES
Current Liabilities
Accounts payable
Accrued expenses
Due to other funds
Unearned revenues
Deposits
Current portion of long-term obligations
Total Current Liabilities
Noncurrent Liabilities
Employee benefits
Long-term debt
Total Noncurrent Liabilities
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES
Property taxes
NET POSITION
Net investment in capital assets
Restricted
Debt service
Pension benefits
Capital improvements
Unrestricted
TOTAL NET POSITION
The notes to the basic financial statements are an integral part of this statement.
Enter rise Funds
Transit Water Sewer
Utilit Utilit Utilit
$ 1,726,736 $ 7,754,233 $ 7,181,441
330,705 4,413,319 4,068,750
839,891 - -
- 15,154 -
- 909,759 317,225
222,383 - -
596,576 1,296,349 647,283
3,716,291 14,388,814 12,214,699
- 11,004,176 11,882,952
- 1,847 822
276,377 317,050 337,090
276,377 11,323,073 12,220,864
367,811 665,778 5,784,476
2,554,277 90,603,106 81,443,797
2,922,088 91,268,884 87,228,273
6,914,756 116,980,771 111,663,836
- 134,311 234,287
295,139 339,337 367,493
295,139 473,648 601,780
131,880 614,430 705,872
17,141 1,736,530 328,428
- 77,799 480,527
1,690 - -
- 2,000 13,400
63,187 5,460,271 3,372,499
213,898 7,891,030 4,900,726
144,507 230,186 189,724
752,645 52,068,699 46,201,840
897,152 52,298.885 46.391.564
1,111,050 60,189,915 51,292,290
839,891 - -
2,106,256 41,277,674 44,751,941
- 3,110,401 2,675,102
571,516 656,387 704,583
- 138,099 1,898,152
2,581,182 12,081,943 10,943,548
$ 5,258,954 $ 57,264,504 $ 60,973,326
32
Enter rise Funds Continued
Nonmajor Internal
Storm Water Enterprise Service
Utilit Funds Total Funds
$ 6,962,237 $ 361,899 $ 23,986,546 $ 3,765,617
2,722,022 365,089 11,899,885 43,482
- - 839,891 17,700
- - 15,154 -
93,771 - 1,320,755 -
- - 222,383 -
- 6,664,629 6,664,629 -
188,792 26,744 2,755,744 -
9,966,822 7,418,361 47,704,987 3,826,799
10,977,974 - 33,865,102 -
4,725 - 7,394 -
126,355 32,592 1,089,464 -
11,109,054 32,592 34,961,960 -
10,533,600 5,895,273 23,246,938 -
72,696,700 8,461,715 255,759,595 -
83,230,300 14,356,988 279,006,533 -
104,306,176 21,807,941 361,673,480 3,826,799
- 368,598 -
138,669 35,960 1,176,598 -
138,669 35,960 1,545,196 -
620,720 214,801 2,287,703 13,056
473,916 11,904 2,567,919 800,000
1,622,522 3,302,422 5,483,270 -
- - 1, 690 -
- 5,000 20,400 -
3,278,675 561,268 12,735,900 -
5.995.833 4,095.395 23.096.882 813.056
35,942 28,490 628,849 -
63,279,270 2,329,718 164,632,172 -
63,315,212 2,358,208 165,261,021 -
69,311,045 6,453,603 188,357,903 813,056
- - 839.891 17.700
22,404,276 13,311,002 123,851,149 -
4,686,032 - 10,471,535 -
265,024 68,552 2,266,062 -
- - 2,036,251 -
7,778,468 2,010,744 35,395,885 2,996,043
$ 35,133,800 $ 15,390,298 $ 174,020,882 $ 2,996,043
33
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenses and Changes in Net Position
Proprietary Funds
For the Year Ended December 31, 2015
Operating Revenues
Public charges for services
Intergovernmental charges for services
Taxes
Fines, forfeitures and penalties
Other revenues
Total Operating Revenues
Operating Expenses
Operating and maintenance
Depreciation and amortization
Taxes
Claims and administration
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses)
Taxes
Intergovernmental revenues
Investment return
Interest and fiscal charges
Total Nonoperating Revenues (Expenses)
Income (Loss) Before Transfers and Contributed Capital
Transfers in
Transfers out
Contributed capital
Change in Net Position
Net Position -January 1, originally reported
Cumulative Effect of Change in Accounting Principle
Net Assets, January 1, restated
Net Position -December 31
Enterprise Funds
Transit Water Sewer
Utilit Utilit Utilit
$ 938,533 $ 13,755,078 $ 11,427,594
35,865 125,865 77,646
974,398 13,880,943 11,505,240
4,292,629 5,559,101 5,814,421
390,579 3,041,395 3,081,289
- 144,344 144,439
4, 683, 208 8, 744, 840 9, 040,149
(3,708,810) 5,136,103 2,465,091
748,125 - -
2,966,123 - -
- (10,198) 5,253
(54,652) (1,820,012) (1,485,952)
3,659,596 (1,830,210) (1,480,699)
(49, 214) 3, 305, 893 984, 392
- (1,000,000) -
131,381 411,807 733,060
82,167 2, 717, 700 1, 717,452
4,615,209 53,905,473 58,568,221
561, 578 641, 331 687, 653
5,176,787 54,546,804 59,255,874
$ 5,258,954 $ 57,264,504 $ 60,973,326
The notes to the basic financial statements are an integral part of this statement.
34
Enterprise Funds Continued
Storm Nonmajor Internal
Water Enterprise Service
Utilit Funds Total Funds
$ 8, 000, 720 $ 676, 855 $ 34, 798, 780 $ -
- - - 8,690,384
- 1,683,540 1,683,540 -
- 17,940 17,940 -
7,521 82,379 329,276 1,983,126
8,008,241 2,460,714 36,829,536 10,673,510
1,941,371 1,949,886 19,557,408 -
1,621,555 290,400 8,425,218 -
54,079 - 342,862 -
- - - 10,447,177
3,617,005 2,240,286 28,325,488 10,447,177
4,391,236 220,428 8,504,048 226,333
- - 748,125 20,400
22,535 - 2,988,658 -
(8,096) - (13,041) 8,767
(2,191,794) (91,323) (5,643,733) -
(2,177,355) (91,323) (1,919,991) 29,167
2,213,881 129,105 6,584,057 255,500
- 11,827 11,827 -
- - (1,000,000) -
280,907 725,094 2,282,249 -
2,494,788 866,026 7,878,133 255,500
32,379,127 14,457,596 163,925,626 2,740,543
259,885 66,676 2,217,123 -
32, 639, 012 14, 524, 272 166,142, 749 2, 740, 543
$ 35,133,800 $ 15,390,298 $ 174,020,882 $ 2,996,043
35
CITY OF OSHKOSH, WISCONSIN
Statement of Cash Flows
Proprietary Funds
For the Year Ended December 31, 2015
Cash Flows from Operating Activities
Cash received from customers
Cash payments to suppliers and employees
Net Cash Provided (Used) by Operating Activities
Cash Flows from Non-Capital Financing Activities
Property taxes received
Transfer from other funds
Transfer to other funds
Employee advance
Operating grants received
Net Cash Provided (Used) by Non-Capital Financing Activities
Cash Flows from Capital and Related Financing Activities
Acquisition of capital assets
Principal payments on revenue bonds
Principal paid on general obligation debt
Interest payments on debt
Revenue bonds issued
General obligation debt issued
Premium received on debt issued
Cash received from (paid to) other funds
Capital contributions
Net Cash Provided (Used) by Capital and Related
Financing Activities
Cash Flows from Investing Activities
Investment return
Net Increase in Cash and Cash Equivalents
Cash and Cash Equivalents -January 1
Cash and Cash Equivalents -December 31
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
Operating income (loss)
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Depreciation
Depreciation charged operating accounts
Changes in pension assets and related deferred outflows
Changes in assets and liabilities
Accounts receivable
Inventories and deferred charges
Accounts payable and accrued expenses
Employee benefits
Unearned revenues and deposits
Net Cash Provided (Used) by Operating Activities
Enter rise Funds
Transit Water Sewer
Utilit Utilit Utilit
$ 780,279 $ 14,879,142 $ 11,387,158
(4,308,402) (5,658,542) (5,745,617)
(3,528,123) 9,220,600 5,641,541
748,125
- (1,000,000) -
- (15,154) -
3,054,519 - -
3,802,644 (1,015,154) -
(243,535) (3,349,011) (7,485,373)
- (3,807,638) (1,797,902)
(72,443) (2,747,194) (4,115,864)
(45,975) (1,861,935) (1,615,324)
- 6,660,000 9,703,977
- 1,755,000 3,065,000
- 360,461 458,226
- 2,526,525 1,947,824
131,381 411,807 733,060
(230,572) (51,985) 893,624
- (11.1331 5.315
43,949 8,142,328 6,540,480
1,682,787 10,616,081 12,523,913
$ 1.726,736 $ 18,758,409 $ 19,064,393
$ (3,708,810) $ 5,136,103 $ 2,465,091
390,579 3,041,395 3,081,289
- 122,824 -
(9,938) (15,056) (16,930)
(193,134) 999,199 (118,082)
26,809 (5,525) 40,729
(22,459) (15,755) 203,905
(10,185) (42,585) (14,461)
(985) - -
_$ (3,528,123) $ 9,220,600 $ 5,641,541
Noncash activities
Contributed capital assets $ - $ - $ -
The notes to the basic financial statements are an integral part of this statement.
36
Enter rise Funds Continued
Other Internal
Storm Water Progrietary Service
Utilit Funds Total Funds
$ 9,133,205 $ 2,440,509 $ 38,620,293 $ 10,706,072
(3,346,766) (1,941,598) (21,000,925) (10,443,661)
5,786,439 498,911 17,619,368 262,411
- - 748,125 20,400
- 11,827 11,827 -
- - (1,000,000) -
- - (15,154) -
22,535 - 3,077,054 -
22,535 11,827 2,821,852 20,400
(9,483,260) (55,259) (20,616,438) -
(4,990,000) - (10,595,540) -
(746,844) (573,699) (8,256,044) -
(2,158,089) (91,513) (5,772,836) -
13,115,000 - 29,478,977
- - 4,820,000 -
571,608 - 1,390,295 -
4,387,068 394,441 9,255,858 -
280,907 - 1,557,155 -
976,390 (326,030) 1,261,427 -
(11,857) - (17,675) 8,767
6,773,507 184,708 21,684,972 291,578
11,166,704 177,191 36,166,676 3,474,039
$ 17,940,211 $ 361,899 $ 57,851,648 $ 3,765,617
$ 4,391,236 $ 220,428 $ 8,504,048 $ 226,333
1,621,555 290,400 8,425,218 -
- - 122,824 -
(5,139) (1,876) (48,939) -
1,124,964 (20,205) 1,792,742 32,562
10,176 1,433 73,622 -
(1,355,588) 10,668 (1,179,229) 3,516
(765) (1,937) (69,933) -
- - (985) -
$ 5,786,439 $ 498,911 $ 17,619,368 $ 262,411
$ - $ 725,094 $ 725,094 $ -
37
CITY OF OSHKOSH, WISCONSIN
Statement of Net Position
Fiduciary Funds
December 31, 2015
ASSETS
Cash and cash equivalents
Taxes receivable
Accounts receivable
Total assets
LIABILITIES
Accounts payable
Due to other governments
Total liabilities
The notes to the basic financial statements are an integral part of this statement.
38
Agency Funds
Property Hospital
Taxes Bioterrorism
$ 37, 507,158
19,688,635
3, 525
$ 4,202
$ 57,199, 318 $ 4, 202
$ 38, 668 $ -
57,160,650 4,202
$ 57,199,318 $ 4,202
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
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 column 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.
39
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE A -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The City reports the following major governmental funds:
GENERAL FUND
This is the City's primary operating fund. It accounts for all financial resources of the general
government, except those accounted for in another fund.
DEBT SERVICE FUND
This fund accounts for the resources accumulated and payments made for principal and interest on long-
term general obligation debt of governmental funds.
SPECIAL ASSESSMENT IMPROVEMENTS CAPITAL PROJECTS FUND
This fund accounts for the cost of capital projects and the special assessments and subsequent
assessment collections related to those projects.
TIF # 7 SW INDUSTRIAL PARK
This fund accounts for the cost of capital improvements and subsequent tax increment generated from
the increase in value within the boundaries of the TIF.
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, 2015
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 genera! 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.
4. Assets, Liabilities, Deferred Inflows/Outflows of Resources and Net Position or Fund Balance
a. Cash and Investments
Cash and investments are combined in the financial statements. Cash deposits consist of demand
and time deposits with financial institutions and are carried at cost. Investments are stated at fair
value. Fair value is the amount at which a financial instrument could be exchanged in a current
transaction between willing parties, other than in a forced or liquidation sale. For purposes of the
statement of cash flows, all cash deposits and highly liquid investments (including restricted assets)
with a maturity of three months or less from date of acquisition are considered to be cash equivalents.
b. Accounts Receivable
Accounts receivable are recorded at gross amount with uncollectible amounts recognized under the
direct write-off method. No allowance for uncollectible accounts has been provided since it is
believed that the amount of such allowance would not be material to the basic financial statements.
41
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE A -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
c. Interfund Receivables and Pavables
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.
Capital Assets
Capital assets, which include property, plant, equipment, and infrastructure assets, are reported in the
applicable governmental or business-type activities columns in the government-wide financial
statements. Capital assets are defined by the City as assets with an initial, individual cost of $1,500
or higher and an estimated useful life in excess of one year. Such assets are recorded at historical
cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at
estimated fair market value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially
extend asset lives are not capitalized.
Depreciable capital assets of the City are depreciated using the straight-line method over the
following estimated useful lives:
Governmental Business-Type
Activities Activities
Years
Assets
Buildings, systems and land improvements
Machinery and equipment
Infrastructure
30 - 80 25 - 88
1 -25 10-25
20 - 35 40 - 150
42
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE A -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
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 periods) and so will not
be recognized as an outflow of resources (expense/expenditure) until then. The City has two items
that qualify for reporting in this category in the government-wide statement of net position. The first is
the deferred charge on refunding resulting from the difference in the carrying value of refunded debt
and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the
refunded or refunding debt. The second item is related to the City's proportionate share of the
Wisconsin Retirement System pension plan and is deferred and amortized over the expected
remaining service lives of the pension plan participants.
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.
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.
43
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE A -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
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).
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.
• 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.
..
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE A -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
k. Estimates
The preparation of the financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions that affect the amounts reported
in the financial statements and accompanying notes. Actual results may differ from those estimates.
NOTE B -STEWARDSHIP AND COMPLIANCE
Budgets and Budgetary Accounting
The City adopted budgets for the General Fund, certain Special Revenue Funds and the Debt Service
Fund. These budgets are adopted in accordance with state statutes and are prepared on a basis
consistent with generally accepted accounting principles. The budgetary data presented on the
Statement of Revenues, Expenditures and Changes in Fund Balances —Budget and Actual reflects the
original approved budgets of the above funds and subsequent revision authorized by the City's Common
Council. Flexible, annual budgets are approved for Proprietary Funds to provide for financial
management. Long-term budgets are adopted for Capital Projects Funds.
The following procedures are used in establishing the budgetary data reflected in the financial
statements:
• In early October, the Finance Director and City Manager submit to the Common Council a
proposed operating budget for the fiscal year commencing the following January 1. The
operating budget includes proposed expenditures and the means of financing them.
• A public hearing is conducted in the Council Chambers to obtain taxpayer comments.
• At the second council meeting in November, the budget is legally enacted through passage of a
resolution.
• The Finance Director is authorized to transfer budget amounts within departments upon City
Manager approval; however, any revisions that alter the total expenditures of any fund must be
approved by the Common Council.
• Formal budgetary integration is employed as a management control device during the year for the
General Fund, 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, 2015.
45
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE B -STEWARDSHIP AND COMPLIANCE (Continued)
2. Excess of Expenditures Over Budget Appropriations
The City had no expenditure accounts that had material budget variances.
3. Deficit Fund Equity
The following funds had deficit fund equity as of December 31, 2015:
Fund Deficit Fund
Special Revenue Funds
Street Lighting $ 20,511
Cemetery 57,409
Leach Amphitheater 34,015
Public Works Special Fund 8,071
Community Traffic Safety Grant 395
Capital Projects Funds
Special Assessment Improvement 4,637,412
Street Tree 11,818
TIF #18 SW Industrial #3 2,088,005
TIF # 23 SW Industrial Park 629,421
TIF #25 City Center Hotel 1,772,294
TIF #27 North Main Street 84,466
The City anticipates funding the above deficits from future revenues and tax levies of the funds.
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.
..
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
The carrying amount of the City's cash and investments totaled $148,911,637 on December 31, 2015 as
summarized below:
Petty cash funds $ 8,885
Deposits with financial institutions 116,546,417
Investments
Federal Farm Credit 6,010,680
Federal Home Loan Bank 4,588,115
Federal Home Loan Mortgage Corporation 2,927,732
Federal National Mortgage Association 2,142,045
Money market mutual funds 7,717,866
Municipal bonds 454,641
Mutual funds 3,611,806
Oshkosh Community Foundation 3,296,258
Corporate stocks and bonds 1,573,666
Wisconsin local government pool 33,526
$ 148,911,637
Reconciliation to the basic financial statements:
Government-wide Statement of Net Position
Cash and investments
Restricted cash and investments
Fiduciary Funds Statement of Net Position
Agency fund
$ 77,535,175
33,865,102
37,511,360
$ 148,911,637
Deposits and investments of the City are subject to various risks. Presented below is a discussion of the
specific risks and the City's policy related to the risk.
Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial
institution, a government will not be able to recover its deposits or will not be able to recover collateral
securities that are in the possession of an outside party. The custodial credit risk for investments is the
risk that, in the event of the failure of the counterparty (e.g., broker-dealer) to a transaction, a government
will not be able to recover the value of its investment or collateral securities that are in the possession of
another party. Wisconsin statutes require repurchase agreements to be fully collateralized by bonds or
securities issued or guaranteed by the federal government or its instrumentalities. The City does not
have an additional custodial credit risk policy.
47
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
Deposits with financial institutions within the State of Wisconsin are insured by the Federal Deposit
Insurance Corporation (FDIC) in the amount of $250,000 for time and savings deposits and $250,000 for
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, 2015, $100,110,901 of the City's deposits with financial institutions were in excess of
federal and state depository insurance limits. $100,110,901 was collateralized with securities held by the
pledging financial institution or its trust department or agent but not 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 Ratings as of Year End
From Not
Investment Type Amount Disclosure AAA Aa Rated
Federal Farm Credit $ 6,010,680 $ - $ 6,010,680 $ - $ -
Federal Home Loan Bank 4,588,115 - 4,588,115 - -
Federal Home Loan Mortgage 2,927,732 - 2,927,732 - -
Federal National Mortgage Assn. 2,142,045 - 2,142,045 - -
Money market mutual funds 7,717,866 - - - 7,717,866
Municipal bonds 454,641 - 197,462 257,179 -
Mutual funds 3,611,806 - - - 3,611,806
Oshkosh Community Foundation 3,296,258 - - - 3,296,258
Corporate stocks and bonds 1,573,666 - - - 1,573,666
Wisconsin local government
investment pool 33,526 - - - 33,526
$ 32,356,335 $ - $ 15,866,034 $ 257,179 $ 16,233,122
Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an
investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value
to changes in market interest rates. One of the ways that the City manages its exposure to interest rate
risk is by purchasing a combination of shorter term and longer term investments and by timing cash flows
from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time
as necessary to provide the cash flow and liquidity needed for operations.
.•
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
Information about the sensitivity of the fair values of the City's investments to market interest rate
fluctuations is provided by the following table that shows the distribution of the City's investments by
maturity:
Remaining Maturity (in Months)
12 months 13 to 24 25 to 60 More Than
Investment Type Amount or Less Months Months 60 Months
reaerai rarm ~reait
Federal Home Loan Bank
Federal Home Loan Mortgage
Federal National Mortgage Assn.
Money market mutual funds
Municipal bonds
Mutual funds
Negotiable Certificates of Deposit
Oshkosh Community Foundation
Corporate stocks and bonds
Wisconsin local government
investment pool
Totals
~ b,U"I U,btSU ~ - ~ - ~ E~,U"I U,E~t~U ~ -
4,588,115 - 525,352 4,062,763 -
2,927,732 - - 2,927,732 -
2,142,045 - - 2,142,045 -
7,717,866 7,717,866 - - -
454,641 - - 190,381 264,260
3,611,806 3,611,806 - - -
5,991,502 5,214,862 776,640 -
3,296,258 3,296,258 - - -
1,573,666 1,573,666 - - -
33,526 33,526 - - -
$ 38,347,837 $ 21,447,984 $ 1,301,992 $ 15,333,601 $ 264,260
Investments with Fair Values Highly Sensitive to Interest Rate Fluctuations
The City's investments in Federal Farm Credit, Federal Home Loan Bank, Federal Home Loan Mortgage
and Federal National Mortgage Association securities are highly sensitive to interest rate fluctuations.
Investment in Wisconsin Local Government Investment Pool
The City has investments in the Wisconsin local government investment pool of $33,526 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, 2015, the fair value of the City's share of the
LGIP's assets was substantially equal to the carrying value.
The Redevelopment Authority, as a component unit of the City of Oshkosh, also maintains separate cash
and investment accounts as detailed below.
Demand Deposits
At December 31, 2015, the carrying amount of the Authority's deposits was $150,768 and is held as part
of the City's pooled cash.
On December 31, 2015, the Authority held U. S. Treasury Obligation mutual funds of $636,000. These
obligations are unrated and will mature within 12 months.
49
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
2. Restricted Assets
Restricted assets on December 31, 2015 totaled $33,865,102 and consisted entirely of cash and
investments for the following purposes.
Water Utility
Debt proceeds restricted for capital outlay $ 7,755,676
Bond redemption fund 3,110,401
Depreciation fund 138,099
11, 004,176
Sewer Utility
Debt proceeds restricted for capital outlay 7,309,697
Bond redemption fund 2,675,102
Replacement fund 1,898,153
11, 882, 952
Storm Water Utility
Debt proceeds restricted for capital outlay 6,291,942
Bond redemption fund 4,686,032
10,977,974
Total Restricted Assets $ 33,865,102
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 - 2015 tax roll:
Lien date and levy date
Tax bills mailed
Payment in full, or:
First installment due
Second installment due
Third installment due
Fourth installment due
Personal property taxes in full
Tax settlements:
Initial settlement
Second, third and fourth settlement
Final settlement
Tax deed by County --
2015delinquent real estate taxes
December 31, 2015
On or after December 1, 2015
January 31, 2016
March 31, 2016
May 31, 2016
July 31, 2016
January 31, 2016
January 15, 2016
20 days after the collection date
August 20, 2016
October 1, 2019
50
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
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 2015 and 2016 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 2015 budget was 0.94%. The actual limit for the City for
the 2016 budget was 0.33%. 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, 2015 was as follows:
Primary Government
Beginning Ending
Balance Increases Decreases Balance
Governmental activities:
Capital assets not being depreciated
Land $ 18,604,082 $ 1,407,065 $ - $ 20,011,147
Construction in progress 20,829,179 6,468,172 17,548,379 9,748,972
Total capital assets not being depreciated 39,433,261 7,875,237 17,548,379 29,760,119
Capital assets being depreciated
Buildings and systems
Infrastructure
Machinery and equipment
Total assets being depreciated
48,016,149 19,150,684 549,736 66,617,097
75,177,331 5,234,912 4,228,545 76,183,698
54,543,040 2,757,124 1,246,864 56,053,300
177,736,520 27,142,720 6,025,145 198,854,095
Less accumulated depreciation for:
Buildings and systems
Infrastructure
Machinery and equipment
Total accumulated depreciation
Total capital assets being depreciated, net
15;121,413 1,176,048 359,483 15,937,978
34,930,042 4,875,413 4,228,545 35;576,910
31,477,672 3,232,559 1,246,864 33,463,367
81,529,127 9,284,020 5,834,892 84,978,255
96,207,393 17,858,700 190,253 113,875,840
Governmental activities capital assets, net $ 135,640,654 $ 25,733,937 $ 17,738,632
Less long-term debt, deferred outflows, and premium on debt outstanding
Net investment in capital assets
Depreciation expense was charged to functions of the primary government as follows:
Governmental activities:
General government $ 384,465
Public safety 1,161,110
Public works 5,934,502
Parks and recreation 1,307,450
Community development 496,493
Total depreciation expense -governmental activities $ 9,284,020
143,635,959
1f17 4.r,1 RAF
$ ~~ 1R4 1~~
51
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
Business-type activities:
Capital assets not being depreciated
Land
Construction in progress
Total capital assets not being depreciated
Capital assets being depreciated
Buildings, systems, land improvements
Machinery and equipment
Total assets being depreciated
Less accumulated depreciation for:
Buildings, systems, land improvements
Machinery and equipment
Total accumulated depreciation
Total capital assets being depreciated, net
Business-type activities capital assets, net
Primary Government
Beginning Ending
Balance Increases Decreases Balance
$ 11,683,081 $ 1,965,379 $ - $ 13,648,460
12,620,410 18,672,421 21,694,353 9,598,478
24,303,491 20,637,800 21,694,353 23,246,938
306,392,328 21,325,270 1,791,052 325,926,546
44,677,860 1,072,815 225,169 45,525,506
351,070,188 22,398,085 2,016,221 371,452,052
76,233,854 6,552,947 1,791,052 80,995,749
32,926,782 1,995,095 225,169 34,696,708
109,160,636 8,548,042 2,016,221 115,692,457
241,909,552 13,850,043 - 255,759,595
$ 266,213,043 $ 34,487,843 $ 21,694,353 279,006,533
Less long-term debt, deferred outflows, and premium on debt outstanding
Net investment in capital assets
Depreciation expense was charged to functions of the primary government as follows:
Business-type activities:
Transit utility
Water utility
Water utility charged to other operating accounts
Sewer utility
Storm water utility
Other
Total depreciation expense -business-type activities
5. Notes receivable
155.155.384
$ 123,851,149
$ 390,579
3,041,395
122,824
3,081,289
1,621,555
290.400
$ 8,548,042
Notes receivable of $4,054,712 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.
52
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
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, 2015:
Beginning Ending Due Within
Balance Additions Reductions Balance One Year
Governmental activities:
General obligation
bonds and notes $ 115,083,340 $ 19,390,000 $ 17,772,383 $ 116,700,957 $ 11,039,440
Premium on debt issued 733,994 483,527 61,016 1,156,505 87,472
Total bonds and notes payable 115,817,334 19,873,527 17,833,399 117,857,462 11,126,912
Other liabilities
Unused vacation and
sick leave credits 3,524,291 1,149,611 - 4,673,902 -
Accrued OPEB obligation 4,868,160 504,120 224,771 5,147,509 -
Total other liabilities 8,392,451 1,653,731 224,771 9,821,411 -
Total governmental activities
long-term obligations $ 124,209,785 $ 21,527,258 $ 18,058,170 $ 127,678,873 $ 11,126,912
Business-type activities:
Bonds payable
General obligation debt
Transit utility $ 888,275 $ - $ 72,443 $ 815,832 $ 63,187
Water utility 8,422,860 1,755,000 2,747,194 7,430,666 1,012,486
Sewer utility 10,990,030 3,065,000 4,115,864 9,939,166 1,072,414
Storm water utility 8,379,768 - 746,844 7,632,924 713,913
Parking utility 55,876 - 28,224 27,652 554
Oshkosh Redevelopment 1,195,000 - 185,000 1,010,000 190,000
Industrial Park 2,200,000 - 355,000 1,845,000 365,000
Golf course 13,809 - 5,475 8,334 5,714
Total general obligation debt 32,145,618 4,820,000 8,256,044 28,709,574 3,423,268
Premium on debt issued - 1,390,295 32,071 1,358,224 91,190
Revenue bonds
Water utility 46,893,715 6,660,000 3,807,638 49,746,077 4,424,579
Sewer utility 31,283,122 9,703,977 1,797,902 39,189,197 2,266,863
Storm water utility 50,240,000 13,115,000 4,990,000 58,365,000 2,530,000
Total revenue bonds 128,416,837 29,478,977 10,595,540 147,300,274 9,221,442
Total bonds and notes payable 160,562,455 35,689,272 18,883,655 177,368,072 12,735,900
Other liabilities
Unused vacation and
sick leave credits 698,782 - 69,933 628,849 -
Total business-type activities
long-term obligations $ 161,261,237 $ 35,689,272 $ 18,953,588 $ 177,996,921 $ 12,735,900
Total interest paid during the year on long-term debt totaled $9,378,763.
53
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
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 2015
Refunding bonds: 9/1/2005 3.75 - 4.125 12/1/06 - 20 6/1 - 12/1 18,335,000 $ 5,515,000
8/25/2010 2.00 - 3.25 12/1/11 - 6/1/24 6/1 - 12/1 12,620,000 6,400,000
8/26/2010 0.75 - 3.90 12/1 /11 - 21 6/1 - 12/1 8,420,000 4,930,000
3/16/2011 2.00 - 3.50 12/1/12 - 22 6/1 - 12/1 8,490,000 5,970,000
3/16/2011 2.00 - 4.70 12/1 /12 - 23 6/1 - 12/1 6,350,000 4,200,000
6/28/2012 0.40 - 3.00 12/1 /13 - 27 6/1 - 12/1 5,595,000 4,050,000
Corporate purpose bonds: 3/1 /2004 3.00 - 5.75 12/1 /05 - 23 6/1 - 12/1 6,480,000 370,000
2/8/2005 3.25 - 4.50 12/1 /06 - 24 6/1 - 12/1 7,395,000 395,000
3/1/2006 4.00 - 4.50 12/1/07 - 25 6/1 - 12/1 9,265,000 475,000
3/1 /2006 5.15 - 5.40 12/1 /07 - 25 6/1 - 12/1 1,995,000 1,280,000
3/1/2007 4.00 - 5.00 12/1/08 - 26 6/1 - 12/1 7,950,000 390,000
3/1/2008 4.00 - 4.75 12/1/09 - 27 6/1 - 12/1 5,105,000 495,000
5/1 /2009 2.00 - 5.75 12/1 /09 - 28 6/1 - 12/1 16,740,000 11,340,000
9/2/2010 0.75 - 5.20 8/1/11 - 30 2/1 - 8/1 9,140,000 7,540,000
11/1/2011 2.00 - 4.00 6/1/12 - 31 6/1 - 12/1 9,965,000 8,115,000
11 /1 /2012 2.00 - 3.00 12/1 /13 - 31 6/1 - 12/1 12,480,000 10,435,000
12/4/2013 2.00 - 4.00 12/1/13 - 33 6/1 - 12/1 9,080,000 8,365,000
11 /5/2014 2.00 - 3.00 12/1 /15 - 33 6/1 - 12/1 14,455,000 14,050,000
7/15/2015 2.00 - 4.00 12/1 /16 - 34 6/1 - 12/1 18,750,000 18,750,000
Promissory notes: 5/31/2005 5.00 3/15/07 - 25 3/15 200,000 122,690
3/1 /2007 4.00 12/1 /08 - 16 6/1 - 12/1 3,375,000 435,000
3/1 /2008 3.25 - 4.00 12/1 /09 - 17 6/1 - 12/1 1,565,000 400,000
5/1/2009 2.00 - 4.50 12/1/10 - 18 6/1 - 12/1 2,945,000 965,000
9/2/2010 0.80 - 3.55 8/1/11 - 20 2/1 - 8/1 4,150,000 2,625,000
11/1/2011 2.35 6/1/12 - 21 6/1 - 12/1 2,895,000 1,820,000
11/1/2012 2.00 12/1/13 - 21 6/1 - 12/1 3,660,000 2,435,000
3/8/2013 2.75 3/15/14-22 3/15 2,000,000 1,600,880
4/3/2013 2.75 3/15/14-23 3/15 640,000 524,771
11 /19/2013 2.75 3/15/14-23 3/15 2,644,100 2,401,389
12/4/2013 2.00-3.00 12/1/14-23 6/1-12/1 1,690,000 1,370,000
8/22/2014 4.25 3/15/15 - 34 3/15 10,233,802 9,875,801
11/5/2014 2.00 12/1/15 - 23 6/1 - 12/1 2,615,000 2,310,000
2/17/2015 3.50 3/15/16-24 3/15 1,250,000 1,250,000
7/15/2015 2.00-3.00 12/1/16-24 6/1 - 12/1 4,210,000 4,210,000
145,410,531
Less amounts related to Enterprise Funds 28,709,574
$ 116.700.957
54
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
Annual principal and interest maturities of the outstanding general obligation debt on December 31, 2015
are detailed below:
Year Ended Governmental Activities Business-type Activities Build America Total
December 31, Principal Interest Principal Interest Bonds Credit Principal Interest
2016 $ 11,039,440 $ 3,987,633 $ 3,423,268 $ 1,115,393 $ (360;836) $ 14,462,708 $ 4,742,190
2017 10,955,501 3,462,877 3,330,322 947,370 (335,931) 14,285,823 4,074,316
2018 10,755,432 3,139,874 3,346,611 843,510 (307,850) 14,102,043 3,675,534
2019 10,647,489 2,825,417 3,148,376 735,371 (277,449) 13,795,865 3,283,339
2020 10,366,897 2,509,407 2,899,156 630,923 (250,583) 13,266,053 2,889,747
2021-2025 35,442,869 8,381,546 8,951,372 1,838,651 (879,186) 44,394,241 9,341,011
2026-2030 19,172,098 3,705,117 2,916,906 461,334 (261,496) 22,089,004 3,904,955
2031-2034 8,321,231 687,293 693,563 76,396 - 9,014,794 763,689
$ 116,700,957 $ 28,699,164 $ 28,709,574 $ 6,648,948 $ (2,673,331) $ 145,410,531 $ 32,674,781
Enterprise Funds -Revenue Bonds
The City has issued Revenue Bonds as detailed on the next page. These bonds are considered special
obligations of the City payable solely from net customer revenues of the respective Utility's operations
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.
55
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
Balance
Year outstanding
of Interest Principal Interest Original December 31,
Type Issue Rate payable payable amount 2015
Water Safe Drinking
Revenue Bond 1998 2.64 5/01/99 - 19 5/1 & 11/1 $11,913,672 $ 2,294,196
Sewerage System Revenue
Clean Water 1999 2.64 5/01/00 - 19 5/1 & 11/1 3,025,930 777,049
Water Safe Drinking
Revenue Bond 2000 2.97 5/01/01 - 19 5/1 & 11/1 13,636,364 3,531,848
Water Safe Drinking
Revenue Bond 2001 2.75 5/01/02 - 21 5/1 & 11/1 3,483,913 1,249,760
Water Utility
Revenue Bonds 2004 2.396 5/01/05 - 24 5/1 & 11/1 1,989,231 1,735,349
Water Utility
Refunding Bond 2006 4.0 - 4.5 1/01/07 - 26 1/1 & 7/1 12,705,000 8,395,000
Water Safe Drinking
Revenue Bond 2008 2.365 5/01/10 - 28 5/1 8 11/1 1,344,824 5,340,272
Storm Water Revenue
Bond 2010 0.70 - 5.20 5/01/11 - 30 5/1 & 11/1 20,800,000 16,885,000
Water Utility
Refunding Bond 2010 0.85 - 5.15 1/01/11 - 30 1/1 & 7/1 5,740,000 4,615,000
Sewerage System
Revenue Bonds 2010 0.85 - 5.15 5/01/11 - 30 5/1 & 11/1 4,890,000 3,985,000
Sewerage System
Revenue Bonds 2011 2.0 - 4.0 5/01/12 - 31 5/1 & 11/1 8,290,000 6,365,000
Water Utility
Revenue Bonds 2011 0.85 - 5.15 1/01/13 - 31 1/1 & 7/1 6,510,000 5,355,000
Storm Water Revenue
Bond 2012 3.00 - 3.12 5/01/13 - 32 5/1 & 11/1 20,800,000 6,025,000
Sewerage System
Revenue Bonds 2012 2.25 - 3.00 5/01/13 - 32 5/1 & 11/1 8,290,000 5,405,000
Water Utility
Revenue Bonds 2012 2.25 - 3.125 1/01/14 - 32 1/1 & 7/1 5,430,000 4,935,000
Storm Water Revenue
Bond 2013 3.00 - 4.125 1/01/14 - 33 5/1 & 11/1 15,220,000 14,265,000
Sewerage System
Revenue Bonds 2013 2.00 - 4.125 1/01/14 - 33 5/1 8 11/1 4,175,000 3,800,000
Water Utility
Revenue Bonds 2013 2.00 - 4.125 1/01/15 - 33 1/1 & 7/1 3,785,000 3,575,000
Storm Water Revenue
Bond 2014 2.00 - 4.00 5/1/15-34 5/1 & 11/1 8,300,000 8,075,000
Sewerage System
Revenue Bonds 2014 2.00 - 4.00 5/1/15-34 5/1 & 11/1 5,980,000 5,700,000
Water Utility
Revenue Bonds 2014 2.00 - 4.00 1/1/16-34 1/1 & 7/1 3,795,000 3,795,000
56
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
Balance
Year outstanding
of Interest Principal Interest Original December 31,
Type Issue Rate payable payable amount 2015
Sewerage System Revenue
Clean Water
Storm Water Utility Revenue
Clean Water
Sewerage System Revenue
Clean Water
Water System Revenue
Clean Water
2014 2.625 5/01/15 - 34 5/1 & 11/1 4,726,801
2015 3.00-4.00 5/01/1 6 - 35 5/1 & 11/1 13,115,000
2015 2.00-4.00 5/01/16 - 35 5/1 & 11/1 6,695,000
2015 3.00-4.00 1/1/16 - 35 1/1 & 7/1 6,660,000
4,726,800
13,115,000
6,695,000
Annual principal and interest maturities of the outstanding revenue bonds on December 31, 2015 are
detailed below:
Business-type Activities
Year Ended Build America
December 31, Principal Interest Bonds Credit Total
2016 $ 9,221,442 $ 4,996,898 $ (376,172) $ 13,842,168
2017 9,554,194 4,674,611 (364,331) 13,864,474
2018 9,843,922 4,393,623 (350,551) 13,886,994
2019 9,360,218 4,103,403 (334,251) 13,129,370
2020 8,501,064 3,815,929 (315,579) 12,001,414
2021-2025 41,875,430 14,661,070 (1,243,403) 55,293,097
2026-2030 38,992,019 7,261,841 (484,430) 45,769,430
2031-2035 19,951,985 1,360,128 - 21,312,113
$ 147,300,274 $ 45,267,503 $ (3,468,717) $ 189,099,060
Utility Revenues Pledged
The City has pledged future water, sewer, and storm water customer revenues, net of specified operating
expense, to repay the water, sewer, and storm water revenue bonds. Proceeds from the bonds provided
financing for the construction or acquisition of capital assets used with the water, sewer, and storm water
utilities. The bonds are payable solely from water, sewer, and storm water net revenues and are payable
through 2035. The total principal and interest remaining to be paid on the water bonds is $62,169,774.
Principal and interest paid for the current year and total water customer net revenues were $5,315,657
and $8,177,498, respectively. The total principal and interest remaining to be paid on the sewer bonds is
$50,740,202. Principal and interest paid for the current year and total sewer customer net revenues were
$2,533,885 and $5,548,934, respectively. The total principal and interest remaining to be paid on the
storm water bonds is $79,657,801. Principal and interest paid for the current year and total customer net
revenues were $4,037,675 and $6,012,791, respectively.
Build America Bonds
The general obligation debt issued on May 1, 2009 and September 2, 2010 and revenue bonds issued on
October 5, 2010 and October 14, 2010 qualifies as Build America Bonds, as described in Section 54AA of
the Internal Revenue Code. The interest on the debt is taxable as set forth in the regulations. The City is
eligible to receive a 35% subsidy of the annual interest payment from the Federal government. In order
to receive this subsidy it is necessary for the City to file a claim form annually.
57
CITY OF OSHKQSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
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, 2015 is as
follows:
Equalized valuation
Margin of indebtedness:
5% of equalized valuation
Less outstanding general obligation debt $ 145,410,531
Deduct Debt Service Funds available for debt retirement 976,051
$ 3, 743, 645, 000
$ 187,182,250
144,434,480
Margin of indebtedness $ 42,747,770
Advance Refunding
On July 15, 2015, the City issued debt to advance refunded $7,395,000 of General Obligation Bonds,
Series 2005A, $7,950,000 of General Obligation Bonds, Series 2007A, and $4,925,000 of General
Obligation Bonds, Series 2008A. 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 $1,193,805 and to obtain an economic gain (difference between
the present value of the debt service payments of the refunded and refunding debt) of $558,646. On
September 2, 2015, the City issued debt to current refund $4,650,000 of Revenue bonds issued May 1,
2005. This current refunding has been undertaken to reduce total debt service payments by $510,588
and to obtain an economic gain of $271,984.
As of December 31, 2015, $20,270,000 of General Obligation Bonds are now considered defeased.
Conduit Debt
The City has approved the issuance of industrial revenue bonds (IRB) for the benefit of private business
enterprises. IRBs are secured by mortgages or revenue agreements on the associated projects and do
not constitute indebtedness of the City. Accordingly, the bonds are not reported as liabilities in the
accompanying financial statements. The amount of IRBs outstanding at the end of the year is maintained
by the individual private business enterprises and the lending institutions.
Component Unit Lonq-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 12/31/15
Taxable redevelopment
lease revenue bonds 6/20/2006 6.25% 6/20/2031 $ 6,360,000 $ 6,360,000
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
Annual principal maturities of the outstanding debt on December 31, 2015 are detailed below:
Year Ending
December 31,
2016-2025
Thereafter
$ -
6,360,000
$ 6,360,000
The Authority has approved the issuance of Wisconsin Redevelopment Revenue Bonds (WRRB) for the
benefit of private business enterprises. WRRBs are secured by mortgages or revenue agreements on
the associated projects and do not constitute indebtedness of the Authority or City. Accordingly, the
bonds are not reported as liabilities in the accompanying financial statements. The amount of WRRBs
outstanding at the end of the year is maintained by the individual private business enterprises and the
lending institutions.
7. Pension Plan
a. Plan Description
The WRS is acost-sharing multiple-employer defined benefit pension plan. WRS benefits and other
plan provisions are established by Chapter 40 of the Wisconsin Statutes. Benefit terms may only be
modified by the legislature. The retirement system is administered by the Wisconsin Department of
Employee Trust Funds (ETF). The system provides coverage to all eligible State of Wisconsin, local
government and other public employees. All employees, initially employed by a participating WRS
employer on or after July 1, 2011, and expected to work at least 1200 hours a year (880 hours for
teachers and school district educational support employees) and expected to be employed for at least
one year from employee's date of hire are eligible to participate in the WRS.
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.
Employees who retire at or after age 65 (54 for protective occupation employees, 62 for elected
officials and State executive participants) are entitled to receive an unreduced retirement benefit. The
factors influencing the benefit are: (1) final average earnings, (2) years of creditable service, and (3) a
formula factor.
Final average earnings is the average of the participant's three highest years' earnings. Creditable
service is the creditable current and prior service expressed in years or decimal equivalents of partial
years for which a participant receives earnings and makes contributions as required. The formula
factor is a standard percentage based on employment category.
Employees may retire at age 55 (50 for protective occupation employees) and receive reduced
benefits. Employees terminating covered employment before becoming eligible for a retirement
benefit may withdraw their contributions and forfeit all rights to any subsequent benefits.
The WRS also provides death and disability benefits for employees.
59
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
b. Post-Retirement Adjustments
The Employee Trust Funds Board may periodically adjust annuity payments from the retirement
system based on annual investment performance in accordance with s. 40.27, Wis. Stat. An increase
(or decrease) in annuity payments may result when investment gains (losses), together with other
actuarial experience factors, create a surplus (shortfall) in the reserves, as determined by the
system's consulting actuary. Annuity increases are not based on cost of living or other similar factors.
For Core annuities, decreases may be applied only to previously granted increases. By law, Core
annuities cannot be reduced to an amount below the original, guaranteed amount (the "floor") set at
retirement. The Core and Variable annuity adjustments granted during recent years are as follows:
Variable Fund
Year Core Fund Adjustment Adjustment
2005 2.6% 7%
2006 0.8% 3%
2007 3.0% 10%
2008 6.6% 0%
2009 (2.1)% (42)%
2010 (1.3)% 22%
2011 (1.2)% 11
2012 (7.0)% (7)%
2013 (9.6)% 9%
2014 4.7% 25%
c. Contributions
Required contributions are determined by an annual actuarial valuation in accordance with
Chapter 40 of the Wisconsin Statutes. The employee required contribution is one-half of the
actuarially determined contribution rate for general category employees, including teachers, and
Executives and Elected Officials. Required contributions for protective employees are the same rate
as general employees. Employers are required to contribute the remainder of the actuarially
determined contribution rate. The employer may not pay the employee required contribution unless
provided for by an existing collective bargaining agreement.
During the reporting period, the WRS recognized $3,187,776 in contributions from the City.
Contribution rates as of December 31, 2015 are:
Employee Category Employee Employer
General 6.8% 6.8%
Executives &Elected Officials 7.7% 7.7%
Protective with Social Security 6.8% 9.5%
Protective without Social Security 6.8% 13.1
.1
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
d. Pension Liabilities, Pension Expense, and Deferred Outflows of Resources Related to Pensions
At December 31, 2015, the City reported an asset of $7,821,386 for its proportionate share of the
net pension asset. The net pension asset was measured as of December 31, 2014, and the total
pension liability used to calculate the net pension asset was determined by an actuarial valuation
as of December 31, 2013 rolled forward to December 31, 2014. No material changes in
assumptions or benefit terms occurred between the actuarial valuation date and the
measurement date. The City's proportion of the net pension asset was based on the City's share
of contributions to the pension plan relative to the contributions of all participating employers. At
December 31, 2014, the City's proportion was 0.31842486%, which was a decrease of
0.00075854% from its proportion measured as of December 31, 2013.
For the year ended December 31, 2015, the City recognized pension expense of $3,089,032.
At December 31, 2015, the City reported deferred outflows of resources related to pensions from
the following sources:
Differences between expected and actual experience
Net differences between projected and actual
earnings on pension plan investments
Changes in proportion and differences between
employer contributions and proportionate share
of contributions
Employer contributions subsequent to the
measurement date
Total
Deferred Outflows
of Resources
$ 1,133, 858
3,787,493
86,678
3,075,890
$ 8,083,919
The $3,075,890 reported as deferred outflows related to pension resulting from the City's
contributions subsequent to the measurement date will be recognized as a reduction of the net
pension asset in the year ended December 31, 2016. Other amounts reported as deferred
outflows of resources related to pension will be recognized in pension expense as follows:
Year ended Deferred Outflows
December 31, of Resources
2015 $ 1,142,864
2016 1,142, 864
2017 1,142, 864
2018 1,142, 864
2019 436,573
61
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
e. Actuarial Assumption
The total pension liability in the December 31, 2014, actuarial valuation was determined using the
following actuarial assumptions, applied to all periods included in the measurement:
Actuarial Valuation Date:
Measurement Date of Net Pension Asset
Actuarial Cost Method:
Asset Valuation Method:
Long-Term Expected Rate of Return
Discount Rate:
Salary Increases:
Inflation
Seniority/Merit
Mortality:
Post-retirement Adjustments*
December 31, 2013
December 31, 2014
Entry Age
Fair Market Value
7.2%
7.2%
3.2%
0.2% - 5.8%
Wisconsin 2012 Mortality Table
2.1
No post-retirement adjustment is guaranteed. Actual adjustments are based on recognized
investment return, actuarial experience and other factors. 2.7 % is the assumed annual
adjustment based on the investment return assumption and the post-retirement discount rate.
Actuarial assumptions are based upon an experience study conducted in 2012 using experience
from 2009 — 2011. The total pension liability for December 31, 2014 is based upon aroll-forward
of the liability calculated from the December 31, 2013 actuarial valuation.
Long-term Expected Return on Plan Assets. The long-term expected rate of return on pension
plan investments was determined using abuilding-block method in which best-estimate ranges of
expected future real rates of return (expected returns, net of pension plan investment expense
and inflation) are developed for each major asset class. These ranges are combined to produce
the long-term expected rate of return by weighting the expected future real rates of return by the
target asset allocation percentage and by adding expected inflation. The target allocation and
best estimates of arithmetic real rates of return for each major asset class are summarized in the
following table:
Long-Term
Real Rate of
Asset Class Return Target Allocation
US Equities 5.3% 21
International Equities 5.7% 23%
Fixed Income 1.7°/a 36%
Inflation Sensitive Assets 2.3% 20%
Real Estate 4.2% 7%
Private Equity/Debt 6.9% 7%
Multi-Asset 3.9% 6%
Cash 0.9% -20%
62
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
Single Discount Rate. A single discount rate of 7.20% was used to measure the total pension
liability. This single discount rate was based on the expected rate of return on pension plan
investments of 7.20% and a long term bond rate of 3.56%. Because of the unique structure of
WRS, the 7.20% expected rate of return implies that a dividend of approximately 2.1 %will always
be paid. For purposes of the single discount rate, it was assumed that the dividend would always
be paid. The projection of cash flows used to determine this single discount rate assumed that
plan member contributions will be made at the current contribution rate and that employer
contributions will be made at rates equal to the difference between actuarially determined
contribution rates and the member rate. Based on these assumptions, the pension plan's
fiduciary net position was projected to be available to make all projected future benefit payments
(including expected dividends) of current plan members. Therefore, the long-term expected rate
of return on pension plan investments was applied to all periods of projected benefit payments to
determine the total pension liability.
Sensitivity of the City's proportionate share of the net pension asset to changes in the discount
rate. The following presents the City's proportionate share of the net pension asset calculated
using the discount rate of 7.20 percent, as well as what the City's proportionate share of the net
pension asset would be if it were calculated using a discount rate that is 1 -percentage-point lower
(6.20 percent) or 1 -percentage-point higher (8.20 percent) than the current rate:
1 %Decrease to Current 1 %Increase to
Discount Rate Discount Rate Discount Rate
(6.2%) (7.2%) (8.2%)
City's proportionate share of
the net pension asset (liability) $ (22,065,476) $ 7,821,386 $ 31,424,821
Pension plan fiduciary net position. Detailed information about the pension plan's fiduciary net
position is available in separately issued financial statements available at
http://legis.wisconsin.gov/lab/ and reference report number 15-11.
At December 31, 2015 the City of Oshkosh reported a payable of $623,391 for the outstanding
amount of contributions to the pension plan for the year ended December 31, 2015.
63
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE C -DETAILED NOTES ON ALL FUNDS (Continued)
8. InterFund Balances and Activity
InterFund receivables and payables at December 31, 2015 were as follows:
General fund
Special assessment improvement capital projects
TIF #7 SW Industrial Park
Nonmajor Governmental Funds
Special revenue funds
Capital projects funds
Permanent fund
Total governmental activities
Due From Due to
Other Funds Other Funds
$ 1,299,028 $ 160,925
- 4,805,453
12,822,549 -
112,441 419,002
50, 000 4, 574, 587
905 162, 441
14,284,923 10,122,408
Water utility fund 909,759 77,799
Sewer utility fund 317,225 480,527
Storm water utility 93,771 1,622,522
Nonmajor Enterprise Funds - 3,302,422
Total business-type activities 1,320,755 5,483,270
Totals $ 15,605,678 $ 15,605,678
The outstanding balances between funds result mainly from the time lag between the dates that
1) interFund goods and services are provided or reimbursable expenditures occur, 2) transactions are
recorded in the accounting system, and 3) payments between funds are made.
Transfers within the reporting entity are substantially for the purposes of subsidizing operating functions,
funding capital acquisitions or maintaining debt service on a routine basis. Resources are accumulated in
a fund to support and simplify the administration of various projects.
The government-wide statement of activities eliminates as reported within the segregated governmental
and business-type activities columns. Only transfers between the two columns appear in this statement.
The following schedule reports transfers within the reporting entity:
Transfer to
Governmental Activities Business-type
transfers from General Nonmajor Activities Total
Governmental activities:
Debt service fund
TIF #7 SW Industrial Park
Nonmajor governmental funds
Business-type activities:
Water utility enterprise fund
$ 8,748,227 $ 148,887
- 4,419,898
6,728 2,670,274
1,000,000 -
$ - $ 8,897,114
- 4,419,898
11,827 2,688,829
- 1,000,000
Total transfers to: $ 9,754,955 $ 7,239,059 $ 11,827 $ 17,005,841
64
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE D -OTHER INFORMATION
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 2015 was
approximately $51,859. The total estimated future cost to the City of this plan as of December 31,
2015 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.
Component Amount
Annual required contribution $ 597,745
Interest on net OPEB 143,794
Adjustment to annual required contribution (237,419)
Annual OPEB cost (expense) 504,120
Contributions made (224,771)
Change in net OPEB obligation 279,349
OPEB obligation -January 1 4,868,160
OPEB obligation -December 31 $ 5,147,509
65
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE D -OTHER INFORMATION (Continued)
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%.
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 along-term perspective of the calculations. The unfunded actuarial accrued liability is being
amortized of projected net retiree medical claims cost (and net administrative costs). The remaining
amortization period at December 31, 2015 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 2015 is as follows:
Percentage
Annual of Annual
Year OPEB OPEB Cost Net OPEB
Ended Cost Contributed Obligation
12/31 /2013 1,181, 708 41.87% 4, 519, 616
12/31 /2014 487,162 43.86% 4,868,160
12/31 /2015 504,120 44.59% 5,147, 509
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 are included within the City's annual premiums.
Actuarial Methods and Assumptions -Projections of benefits for financial reporting purposes are
based on the substantive plan (the plan as understood by the employer and plan members) and
include the types of benefits provided at the time of each valuation and the historical pattern of
sharing of benefit costs between the employer and plan members to that point. The actuarial
methods and assumptions used include techniques that are designed to reduce the effect of short-
term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-
term perspective of the calculations. Additional information as of the latest actuarial valuation follows:
Valuation date
Actuarial cost method
Amortization method
Remaining amortization period
Actuarial assumptions -
Investment rate of return
Medical trend rate
December 31, 2014
Unit Credit
Level
30 years
3.0%
initial - 5.5%
ultimate - 4.4%
..
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE D -OTHER INFORMATION (Continued)
2. Risk Mana. eq ment
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.
3. 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.
4. Self-insured medical care coverage plan
The City maintains aself-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 $1,848,284
at December 31, 2015 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, 2015, 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 2015 were:
Current Year
Beginning Claims and Balance at
Year of Fiscal Changes in Claim Fiscal
Ended Year Liabilit Estimates Pa ments Year End
12/31 /2015 $800,000 $9,604,962
12/31/2014 $800,000 $9,188,047
$9,604,962 $800,000
$9,188,047 $800,000
67
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE D -OTHER INFORMATION (Continued)
5. Cumulative Effect of Change in Accounting Principles
The City has adopted GASB Statement No. 68, Accounting and Financial Reporting for Pensions — An
Amendment of GASB Statement No. 27 and Statement No. 71, Pension Transition for Contributions
Made Subsequent to the Measurement Date — An Amendment of GASB Statement No. 68, which revised
and established new financial reporting requirements for governments that provide their employees with
pension benefits. The new standards recognize pension costs as employment services are provided,
rather than when the pensions are funded. The cumulative effect of this change is summarized below:
Business-type Activities
Governmental Transit Water Sewer Stormwater Parking Golf
Activities Utility Utility Utility Utility Utility Course Total Total
Net Pension Asset $10,830,966 $444,661 $510,101 $542,342 $ 203,293 $10,099 $42,338 $1,752,834 $12,583,800
Deferred Outflows
of Resources 2,720,452 116,917 131,230 145,311 56;592 2,672 11,567 464,289 3,184,741
Total Cumulative
Effect of Change in
Accounting Principle $13,551,418 $561,578 $641,331 $687,653 $ 259,885 $12,771 $53,905 $2,217,123 $15,768,541
6. Upcoming Accounting Pronouncements
In February 2015, the Governmental Accounting Standards Board (GASB) issued Statement No. 72,
Fair Value Measurement and Application. Statement No. 72 requires measurement of certain assets and
liabilities at fair value using a consistent and more detailed definition of fair value and acceptable
valuation techniques. This Statement also requires disclosures about the impact of fair value
measurements on a government's financial position. GASB Statement No. 72 is required to be adopted
for years beginning after June 15, 2015. The City is currently evaluating the impact this standard will
have on the financial statements when adopted.
In June 2015, the GASB issued two new standards addressing accounting and financial reporting for
post-employment benefits other than pensions (OPEB). GASB Statement No. 74, Financial Reporting for
Post-employment Benefit Plans Other Than Pension Plans, addresses reporting by OPEB plans whereas
GASB Statement No. 75, Accounting and Financial Reporting for Post-employment Benefits Other Than
Pensions, addresses accounting and reporting by employer governments that provide OPEB benefits to
their employees. The City will, after adoption of GASB No. 75, recognize on the face of the financial
statements its net OPEB liability. GASB No. 74 is effective for fiscal years beginning after June 15, 2016
whereas GASB No. 75 is effective one year later. The City is currently evaluating the impact these
standards will have on the financial statements when adopted.
.:
CITY OF OSHKOSH, WISCONSIN
Notes to Basic Financial Statements
December 31, 2015
NOTE D -OTHER INFORMATION (Continued)
Subsequent Events
On May 25, 2016 the City issued $7,950,000 of general obligation bonds, for which a portion of the
proceeds will be used to finance capital improvement projects and a portion will be used to call the
outstanding balance of the 2005 general obligation refunding bonds. The bonds are payable through
2035 at interest rates ranging from 2.00% - 4.00%. On that same day, the City also issued $4,700,000 of
general obligation notes, the proceeds of which will be used to finance capital improvement projects. The
notes are payable through 2025 at interest rates of 2.00% - 4.00%. On July 6, 2016, the City issued
$9,850,000 of general obligation refunding bonds, the proceeds of which will be used to call the
outstanding balance of the August 22, 2014 state trust fund note. The bonds are payable through 2034 at
interest rates ranging from 2.25% - 3.00%. On July 6, 2016 the City also issued $10,045,000 of sewer
system revenue bonds, the proceeds of which will be used to finance improvements and extensions of
the City's sewer system. The bonds are payable through 2036 at interest rates ranging from 2.00% -
3.00%. On July 19, 2016, the City issued $711,300 of general obligation notes, to proceeds of which will
be used to finance capital improvement projects. The notes are payable through 2026 at an interest rate
of 3.00%. On July 20, 2016 the City issued $5,175,000 of storm water utility revenue bonds, the
proceeds of which will be used to finance improvements and extensions of the City's storm water system.
The bonds are payable through 2036 at interest rates ranging from 2.00% - 3.00°/o. On that same day,
the City also issued $6,835,000 of water system revenue bonds, the proceeds of which will be used to
finance improvements and extensions of the City's water system. The bonds are payable through 2036
at interest rates ranging from 2.00% - 3.00%.
.•
RE QUIRE D SUP P LE ME NTAR Y INFORM AT ION
CITY OF OSHKOSH, WISCONSIN
Schedule of Other Post Employment Benefit Plan Information
Schedule of Funding Progress
December 31, 2015
(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 A e Normal (1 / (2 2 - 1 Pa roll 4 / 5
2010 $ - $ 10,867,464 0.00% $ 10,867,464
2012 - 11,550,920 0.00% 11,550,920
2014 - 5,345,806 0.00% 5,345,806
See Notes to Required Supplementary Information
N/A N/A
N/A N/A
N/A N/A
70
CITY OF OSHKOSH, WISCONSIN
Schedule of Other Post Employment Benefit Plan Information
Schedule of Employer Contributions
December 31, 2015
Year Ended Employer Contribution Percentage
December 31, Contributions (ARC) Contributed
2013 $ 386,594 $ 1,254,459 30.8%
2014 138,618 575,445 24.1
2015 224, 771 597, 745 37.6%
See Notes to Required Supplementary Information
71
CITY OF OSHKOSH, WISCONSIN
Schedule of Proportionate Share of the Net Pension Asset
Wisconsin Retirement System
Last 10 Fiscal Years*
2015
Proportion of the net pension asset 0.31842486%
Proportionate share of the net pension asset $ 7,821,386
Covered-employee payroll $ 34,551,515
Plan fiduciary net position as a percentage of the total pension asset 102.74%
* The amounts presented for each fiscal year were determined as of the calendar year-end of the prior year.
See Notes to Required Supplementary Information.
72
CITY OF OSHKOSH, WISCONSIN
Schedule of Contributions
Wisconsin Retirement System
Last 10 Fiscal Years*
Contractually required contributions
Contributions in relation to the contractually required contributions
Contribution deficiency (excess)
Covered-employee payroll
Contributions as a percentage of covered-employee payroll
2015
$ 3,187, 776
$ 3,187, 776
$ -
$ 34,551,515
9.23%
'~ The amounts presented for each fiscal year were determined as of the calendar year-end of the prior year.
See Notes to Required Supplementary Information.
73
CITY OF OSHKOSH, WISCONSIN
Notes to Required Supplementary Information
December 31, 2015
NOTE A -GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT NO. 45
The City implemented GASB Statement No. 45 for the fiscal year ended December 31, 2008. Information for
prior years is not available.
NOTE B -GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT NOS. 68 AND 71
The City implemented GASB Statement No. 68, Accounting and Financial Reporting for Pensions — An
Amendment of GASB Statement No. 27 and Statement No. 71, Pension Transition for Contributions Made
Subsequent to the Measurement Date — An Amendment of GASB Statement No. 68 for the fiscal year ended
December 31, 2015. Information for prior years is not available.
NOTE C -WISCONSIN RETIREMENT SYSTEM
There were no changes of benefit terms or assumptions for any participating employer in WRS.
74
S UP P LEM E NT ARY INFOR M ATION
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2015
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
Retirement of long-term
debt
Construction of assets
Special purposes
Trust agreements
Committed to
Special purposes
Assigned to
Construction of assets
Unassigned
Total Fund Balances
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES
Total
Special Capital Nonmajor
Revenue Projects Permanent Governmental
Funds Funds Fund Funds
$ 7,687,790 $ 22,671,472 $ 9,598,730 $ 39,957,992
6,534,200 3,649,494 - 10,183,694
431,793 133,599 - 565,392
4,129,712 - - 4,129,712
112,441 50,000 905 163,346
$ 18,895,936 $ 26,504,565 $ 9,599,635 $ 55,000,136
$ 377,338 $ 2,206,814 $ - $ 2,584,152
70,001 26,000 - 96,001
10,000 148,875 - 158,875
419,002 4,574,587 162,441 5,156,030
3,980,792 - - 3,980,792
4,857,133 6,956,276 162,441 11,975,850
6,534,200 3,649,494 - 10,183,694
- 1,385,421 - 1,385,421
- 7,255,154 - 7,255,154
5,676,076 - - 5,676,076
- - 9,437,194 9,437,194
1,948,928 - - 1,948,928
- 11,844,224 - 11,844,224
(120,401) (4,586,004) - (4,706,405)
7,504,603 15,898,795 9,437,194 32,840,592
$ 18,895,936 $ 26,504,565 $ 9,599,635 $ 55,000,136
75
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2015
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
Committee Business
on Improvement Street
A in District Rec clin Li htin Libra Museum Cemete
$ 89,104 $ 70,879 $ 596,381 $ 91,508 $ 239,210 $ 711,406 $ -
276,400 - - 1,110,900 2,657,100 911,700 296,400
11,721 - 25 - 3,032 2,615 -
- - - - 41,409 71,032 -
$ 377,225 $ 70,879 $ 596,406 $ 1.202.408 $ 2,940.751 $ 1,696,753 $ 296,400
$ 4,419 $ 12,066 $ 2,353 $ 112,019 $ 151,496 $ 10,691 $ 7,953
- - - - - 49,456
4,419 12,066 2,353 112,019 151,496 10,691 57,409
276,400 - - 1,110,900 2,657,100 911,700 296,400
96,406 58,813 594,053 - 132,155 774,362 -
- - - (20,511) - - (57,409)
96,406 58,813 594,053 (20,511) 132,155 774,362 (57,409)
$ 377,225 $ 70,879 $ 596.406 $ 1,202,408 $ 2.940,751 $ 1.696.753 $ 296,400
(Continued)
76
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2015
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 Pro ram Pro ram Revolvin Bic cle S ecial Safet
$ - $ 197,335 $ 2,750,977 $ 24,965 $ 15,190 $ 47,683 $ 357,598
403,642 - - 709 - - 4,204
3,980,792 73,920 75,000 - - - -
$ 4,384,434 $ 271,255 $ 2,825,977 $ 25,674 $ 15,190 $ 47,683 $ 361,802
$ 20,041 $ - $ - $ 1,171 $ - $ 1,345 $ 169
- 70,001 - - - - -
329,772 - - - - - -
3,980,792 - - - - - -
4,330,605 70,001 - 1,171 - 1,345 169
53,829 201,254 2,825,977 - - 46,338 361,633
- - - 24,503 15,190 - -
53,829 201,254 2,825,977 24,503 15,190 46,338 361,633
$ 4,384,434 $ 271.255 $ 2,825,977 $ 25,674 $ 15,190 $ 47,683 $ 361.802
(Continued)
77
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2015
Federal
Police Cable TV EMS Community
Project Police Asset Asset Franchise Fire Historical Develop
D.A.R.E. Forfeiture Forfeiture Escrow Grant Marker S ecial
ASSETS
Cash and investments $ 3 $ 9,001 $ 9,414 $ 22,685 $ 23,879 $ 25,054 $ 54,429
Receivables
Taxes - - - - - - -
Accounts - - - - - - 2,229
Loans - - - - - - -
Due from other funds - - - - - - -
TOTAL ASSETS $ 3 $ 9,001 $ 9,414 $ 22,685 $ 23,879 $ 25,054 $ 56,658
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable $ - $ 380 $ - $ - $ - $ 1,750 $ 2,334
Unearned revenues - - - - - - -
Deposits - - - 10,000 - - -
Due to other funds - - - - - -
Due to other governments - - - - - -
Total Liabilities - 380 - 10,000 - 1,750 2,334
Deferred Inflows of Resources
Property taxes - - - - - - -
Fund Balances
Restricted for
Special purposes 3 8,621 9,414 - 23,879 23,304 54,324
Committed to
Special purposes - - - 12,685 - - -
Unassigned - - - - - - -
Total Fund Balances (Deficit) 3 8,621 9,414 12,685 23,879 23,304 54,324
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES $ 3 $ 9,001 $ 9,414 $ 22,685 $ 23,879 $ 25.054 $ 56,658
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2015
Total
Community Nonmajor
Parks Public Pollock Traffic Healthy Special
Revenue Leach Works Garbage Water Safety Neighborhood Revenue
Facilities Am hitheater S ecial Dis osal Park Grant Initiative Funds
ASSETS
Cash and investments $ 416,765 $ - $ - $ 75,486 $ 57,699 $ - $ 1,801,139 $ 7,687,790
Receivables
Taxes - 14,000 - 1,203,700 64,000 - - 6,534,200
Accounts 172 - - 3,444 - - - 431,793
Loans - - - - - - - 4,129,712
Due from other funds - - - - - - - 112,441
TOTAL ASSETS $ 416 937 $ 14 000 $ - $ 1.282,630 $ 121,699 $ - $ 1,801,139 $ 18,895,936
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable $ 5,226 $ 2,707 $ - $ 40,263 $ 805 $ - $ 150 $ 377,338
Unearned revenues - - - - - - - 70,001
Deposits - - - - - - - 10,000
Due to other funds - 31,308 8,071 - - 395 - 419,002
Due to other governments - - - - - - - 3,980,792
Total Liabilities 5,226 34,015 8,071 40,263 805 395 150 4,857,133
Deferred Inflows of Resources
Property taxes - 14,000 - 1,203,700 64,000 - - 6,534,200
Fund Balances
Restricted for
Special purposes 411,711 - - - - - - 5,676,076
Committed to
Special purposes - - - 38,667 56,894 - 1,800,989 1,948,928
Unassigned - (34,015) (8,071) - - (395) - (120,401)
Total Fund Balances (Deficit) 411,711 (34,015) (8,071) 38,667 56,894 (395) 1,800,989 7,504,603
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES $ 416 937 $ 14 000 $ - $ 1,282,630 $ 121,699 $ - $ 1,801,139 $ 18,895,936
79
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
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2015
Advance Park
Payments Improvement
Sidewalk Street Street Special Contract and
Construction Improvement Tree Assessment Control Equipment Acquisition
$ 396,561 $ 7,021,973 $ - $ 136,844 $ 1,254,820 $ 3,750,550 $ 409,238
215,000 250,000 - - - 448,500 -
- - - - 3,525 -
- - - - - 50,000 -
$ 611,561 $ 7,271,973 $ - $ 136,844 $ 1,258,345 $ 4,249,050 $ 409,238
$ - $ - $ - $ - $ 708,313 $ 983,347 $ 42,599
- 3,500 - 136,844 7,531 - -
- - 11,818 - - - -
- 3,500 11,818 136,844 715,844 983,347 42,599
215,000 250,000 - - - 448,500 -
396,561 7,018,473 - - 542,501 2,817,203 366,639
- - (11,818) - - - -
396,561 7,018,473 (11,818) - 542,501 2,817,203 366,639
$ 611.561 $ 7.271,973 $ - $ 136,844 $ 1,258,345 $ 4,249,050 $ _ ___409,238
(Continued)
:1
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
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2015
Mct
Park Rochlin Golf Course Grand City Hall
Subdivision Park Equipment Senior Opera Complex Parking Ramp
Improvement Smokestack Improvement Center House Improvements Improvements
$ 354,400 $ 2,000 $ 3,275 $ 130,718 $ 46,315 $ 65,904 $ 127,302
- - - - 22,700 - -
- - - - - - 3,638
$ 354,400 $ 2,000 $ 3,275 $ 130,718 $ 69,015 $ 65,904 $ 130,940
$ - $ - $ - $ - $ 9,251 $ 1,063 $ 20,391
- - - - 9,251 1,063 20,391
- - - - 22,700 -
354,400 2,000 3,275 130,718 37,064 64,841 110,549
354,400 2,000 3,275 130,718 37,064 64,841 110,549
$ 354,400 $ 2,000 $ 3,275 $ 130,718 $ 69,015 $ 65,904 $ 130,940
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2015
TIF #8 TIF #10 TIF #11 TIF #12 TIF #13 TIF #14 TIF #15
S Aviation Main and Oshkosh Division Marion Road/ Mercy Park
Industrial Washin ton Office Center Street Pearl Ave. Medical Plaza
ASSETS
Cash and investments $ 317,674 $ 793 $ 1,460 $ 687,044 $ 508,991 $ 786,278 $ 1,972,804
Receivables
Taxes - 14,744 6,908 103,084 275,690 468,908 200,763
Accounts - - 4,000 - - - -
Due from other funds - - - - - - -
TOTAL ASSETS $ 317 674 $ 15,537 $ 12,368 $ 790,128 $ 784,681 $ 1,255,186 $ 2,173,567
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities
Accounts payable $ - $ - $ - $ 11,433 $ - $ 12,849 $ -
Unearned revenues - - - - 26,000 - -
Deposits - - - - 1,000 - -
Due to other funds - - - - - - -
Total Liabilities - - - 11,433 27,000 12,849 -
Deferred Inflows of Resources
Property taxes - 14,744 6,908 103,084 275,690 468,908 200,763
Fund Balances
Restricted for
Retirement of long-term debt - - - - - - -
Construction of assets 317,674 793 5,460 675,611 481,991 773,429 1,972,804
Assigned to
Construction of assets - - - - - - -
Unassigned - - - - - - -
Total Fund Balances (Deficit) 317,674 793 5,460 675,611 481,991 773,429 1,972,804
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES $ 317,674 $ 15,537 $ 12,368 $ 790,128 $ 784,681 $ 1,255,186 $ 2,173,567
(Continued)
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
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2015
TIF #16 TIF #17 TIF #18 TIF #19 TIF #20 TIF #21 TIF #23
100 Block City SW Industrial NW Industrial South Side Fox River SW Industrial
Redevelopment Centre #3 Expansion Fox River Corridor Park
$ 1,385,421 $ 1,084,190 $ - $ 138,073 $ 482,632 $ 62,259 $ -
132,227 304,234 346,038 241,378 - 147,916 -
$ 1,517,648 $ 1,388,424 $ 346,038 $ 379,451 $ 482,632 $ 210,175 $ -
$ - $ 1,870 $ 11,350 $ 24,250 $ 319,546 $ 8,802 $ 67
- - 2,076,655 - - - 629,354
- 1,870 2,088,005 24,250 319,546 8,802 629,421
132,227 304,234 346,038 241,378 - 147,916 -
1,385,421 - - - - - -
- 1,082,320 - 113,823 163,086 53,457 -
(2,088,005) - - (629,421)
1,385,421 1,082,320 (2,088,005) 113,823 163,086 53,457 (629,421)
$ 1,517,648 $ 1,388,424 $ 346,038 $ 379,451 $ 482,632 $ 210,175 $ -
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2015
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 #24 City TIF #26 TIF #27 Capital
Oshkosh Center Aviation North Main Projects
Cor Hotel Business Park Street Funds
$ 10,755 $ - $ 1,533,198 $ - $ 22,671,472
216,099 255,305 - - 3,649,494
- - 122,436 - 133,599
- - - - 50,000
$ 226,854 $ 255,305 $ 1,655,634 $ - $ 26,504,565
$ - $ - $ 51,683 $ - $ 2,206,814
- - - - 26,000
- - - 148,875
- 1,772,294 - 84,466 4,574,587
- 1,772,294 51,683 84,466 6,956,276
216,099 255,305 - - 3,649,494
- - - - 1,385,421
10,755 - 1,603,951 - 7,255,154
- - - - 11,844,224
- (1,772,294) - (84,466) (4,586,004)
10,755 (1,772,294) 1,603,951 (84,466) 15,898,795
$ 226,854 $ 255,305 $ 1,655,634 $ - $ 26,504,565
E:~!
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Governmenfial Funds
For the Year Ended December 31, 2015
Revenues
Taxes
Special assessments
Intergovernmental
Licenses and permits
Public charges for services
Fines, forfeitures and penalties
Miscellaneous
Total Revenues
Expenditures
Current
Public safety
Public works
Health and welfare
Parks and recreation
Community development
Debt service
Principal
Interest and fiscal charges
Capital outlay
Total Expenditures
Excess of Revenues Over (Under)
Expenditures
Other Financing Sources (Uses)
Long-term debt issued
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances -January 1
Fund Balances -December 31
Total
Special Capital Nonmajor
Revenue Project Permanent Governmental
Funds Funds Fund Funds
$ 6,388,700 $ 4,729,909 $ - $ 11,118,609
154,560 - - 154,560
1,563,740 1,404,095 - 2,967,835
435 - - 435
1,338,303 - - 1,338,303
35,198 - - 35,198
1,680,608 349,095 (303,726) 1,725,977
11,161,544 6,483,099 (303,726) 17,340,917
167,735 - - 167,735
3,150,287 36,717 - 3,187,004
454,375 8,316 - 462,691
5,644,415 58,426 156,788 5,859,629
1,302,985 4,648,080 - 5,951,065
- 3,662,478 - 3,662,478
- 1,064,777 - 1,064,777
22,194 14,751,456 - 14,773,650
10,741,991 24,230,250 156,788 35,129,029
419,553 (17,747,151) (460,514) (17,788,112)
- 12,339,847 - 12,339,847
2,620,274 4,618,785 - 7,239,059
(58,280) (2,499,636) (130,913) (2,688,829)
2,561,994 14,458,996 (130,913) 16,890,077
2,981,547 (3,288,155) (591,427) (898,035)
4,523,056 19,186,950 10,028,621 33,738,627
$ 7,504,603 $ 15,898,795 $ 9,437,194 $ 32,840,592
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2015
Revenues
Taxes
Special assessments
Intergovernmental
Licenses and permits
Fines, forfeitures and penalties
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
Committee Business
on Improvement Street
A in District Rec clin Li htin Libra Museum Cemete
$ 281,200 $ - $ - $ 1,100,000 $ 2,482,100 $ 863,400 $ 282,600
- 154,560 - - - - -
69,456 - 237,872 - 153,031 - -
248 - - - 676,183 149,140 -
143,213 13,647 595,726 - 7,006 203,267 103,150
494,117 168,207 833,598 1,100,000 3,318,320 1,215,807 385,750
- - 759,252 1,119,920 - - -
- - - - - - 410, 521
496,450 - - - 3,370,839 1,152,589 -
- 170,585 - - - - -
496,450 170,585 759,252 1,119,920 3,370,839 1,152,589 410,521
Excess of Revenues Over (Under) Expenditures (2,333) (2,378) 74,346 (19,920) (52,519) 63,218 (24,771)
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
- - - - - 122, 584 -
- - - - - (51,552) -
- - - - - 71,032 -
(2,333) (2,378) 74,346 (19,920) (52,519) 134,250 (24,771)
98,739 61,191 519,707 (591) 184,674 640,112 (32,638)
$ 96,406 $ 58,813 $ 594,053 $ (20,511) $ 132,155 $ 774,362 $ (57,409)
(Continued)
:.
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2015
Revenues
Taxes
Special assessments
Intergovernmental
Licenses and permits
Fines, forfeitures and penalties
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)
Rental Local
Community Rehabilitation Revolving Senior
Development Loan Loan Center Police Fire/ Project
Block Grant Pro ram Pro ram Revolvin Bic cle S ecial Safet D.A.R.E.
561,332 - - - - 52,401 74,567 -
- - - - 435 - - -
599 - - - - - 3,124 -
202,378 145 - 42,174 - 61,270 342 -
764,309 145 - 42,174 435 113,671 78,033 -
- - - - - 73,029 53,934 -
- - - 43,854 - - - -
701,086 - - - - - - -
9,394 - - - - 12,800 - -
710,480 - - 43,854 - 85,829 53,934 -
53, 829 145 - (1, 680) 435 27, 842 24, 099 -
Transfers in - - 1,469,730 - - - - -
Transfers out - - - - - - - -
Total Other Financing Sources (Uses) - - 1,469,730 - - - - -
Net Change in Fund Balances 53,829 145 1,469,730 (1,680) 435 27,842 24,099 -
Fund Balances (Deficit) -January 1 - 201,109 1,356,247 26,183 14,755 18,496 337,534 3
Fund Balances (Deficit) -December 31 $ 53,829 $ 201,254 $ 2,825,977 $ 24,503 $ 15,190 $ 46,338 $ 361,633 $ 3
(Continued)
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2015
Federal
Police Police Cable TV EMS Community Parks
Asset Asset Franchise Fire Historical Develop Revenue
Forfeiture Forfeiture Escrow Grant Marker S ecial Facilities
Revenues
Taxes
Special assessments
Intergovernmental
Licenses and permits
Fines, forfeitures and penalties
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
- 6,670 - 6,342 - 402,069 -
10,510 24,688 - - - - -
- - - - - - 233,610
- - 35 2,883 1,850 28,000 155,447
10,510 31,358 35 9,225 1,850 430,069 389,057
1,710 22,007 - 17,055 - - -
- - - - 5,154 - 231,980
- - - - - 408, 349 -
1,710 22,007 - 17,055 5,154 408,349 231,980
Excess of Revenues Over (Under) Expenditures 8,800 9,351 35 (7,830) (3,304) 21,720 157,077
Other Financing Sources (Uses)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances (Deficit) -January 1
Fund Balances (Deficit) -December 31
- - (6,728) - - - -
- - (6,728) - - - -
8,800 9,351 (6,693) (7,830) (3,304) 21,720 157,077
(179) 63 19,378 31,709 26,608 32,604 254,634
$ 8,621 $ 9,414 $ 12,685 $ 23,879 $ 23,304 $ 54,324 $ 411,711
(Continued)
::
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2015
Revenues
Taxes
Special assessments
Intergovernmental
Licenses and permits
Fines, forfeitures and penalties
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
Public Pollock Traffic Healthy Special
Leach Works Garbage Water Safety Neighborhood Revenue
Am hitheather S ecial Dis osal Park Grant Initiative Funds
$ 14,000 $ - $ 1,301,400 $ 64,000 $ - $ - $ 6,388,700
- - - - - - 154,560
- - - - - 1,563,740
- - - - - 435
- - - - - - 35,198
36,412 - 41,083 197,904 - - 1,338,303
16,769 - - 103,134 - 172 1,680,608
67,181 - 1,342,483 365,038 - 172 11,161,544
- - - - - 167, 735
- - 1,271,115 - - - 3,150,287
- - - - - 454,375
74,982 - - 312,421 - - 5,644,415
- - - - - 22,965 1,302,985
- - - - - - 22,194
74,982 - 1,271,115 312,421 - 22,965 10,741,991
(7,801) - 71,368 52,617 - (22,793) 419,553
g,881 - - - - 1,018,079 2,620,274
- - - - - - (58,280)
8,881 - - - - 1,018,079 2,561,994
2,080 - 71,368 52,617 - 995,286 2,981,547
(36,095) (8,071) (32,701) 4,277 (395) 805,703 4,523,056
$ (34 015) $ (8 071) $ 38,667 $ 56,894 $ (395) $ 1,800,989 $ 7,504,603
:•
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2015
Park
Improvement Park
Sidewalk Street Street Contract and Subdivision
Construction Improvement Tree Control Equipment Acquisition Improvement
Revenues
Taxes $ 174,000 $ 172,500 $ - $ - $ 536,000 $ 45,000 $ -
Intergovernmental - 461,238 - - 78,496 - -
Miscellaneous - 210 4,830 5 63,964 43,700 4,250
Total Revenues 174,000 633,948 4,830 5 678,460 88,700 4,250
Expenditures
Current
Public works - - - - - - -
Health and welfare - - - - - - -
Parks and recreation - - 5,878 - - - -
Community development - - - - - - -
Debt service
Principal - - - - - - -
Interest and fiscal charges - - - - - - -
Capital outlay 349,455 175,673 - - 8,477,229 547,698 -
Total Expenditures 349,455 175,673 5,878 - 8;477,229 547,698 -
Excess of Revenues Over (Under) Expenditures (175,455) 458,275 (1,048) 5 (7,798,769) (458,998) 4,250
Other Financing Sources (Uses)
Long-term debt issued - 1,608,413 - - 9,046,434 435,000 -
Transfer in - 106,269 - - 92,618 - -
Transfer out - - - - - - -
Total Other Financing Sources (Uses) - 1,714,682 - - 9,139,052 435,000 -
Net Changes in Fund Balances (175,455) 2,172,957 (1,048) 5 1,340,283 (23,998) 4,250
Fund Balances (Deficit) -January 1 572,016 4,845,516 (10,770) 542,496 1,476,920 390,637 350,150
Fund Balances (Deficit) -December 31 $ 396,561 $ 7,018,473 $ (11,818) $ 542,501 $ 2,817,203 $ 366,639 $ 354,400
(Continued)
.~
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2015
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
Revenues
Taxes $ - $ - $ - $ 73,000 $ - $ - $ -
Intergovernmental - - - - - - -
Miscellaneous - - 38,700 26,887 70,443 68,714 -
Total Revenues - - 38,700 99,887 70,443 68,714 -
Expenditures
Current
Public works - - - - - 36,717 -
Health and welfare - - 8,316 - - - -
Parks and recreation - - - 52,548 - - -
Community development - - - -
Debt service
Principal - - - - - - 5,000
Interest and fiscal charges - - - - - - 100
Capital outlay - - - - 79,822 - -
Total Expenditures - - 8,316 52,548 79,822 36,717 5,100
Excess of Revenues Over (Under) Expenditures - - 30,384 47,339 (9,379) 31,997 (5,100)
Other Financing Sources (Uses)
Long-term debt issued - - - - - - -
Transfer in - - - - - -
Transferout - - - - - - (1,515)
Total Other Financing Sources (Uses) - - - - - - (1,515)
Net Changes in Fund Balances - - 30,384 47,339 (9,379) 31,997 (6,615)
Fund Balances (Deficit) -January 1 2,000 3,275 100,334 (10,275) 74,220 78,552 6,615
Fund Balances (Deficit) -December 31 $ 2,000 $ 3,275 $ 130,718 $ 37,064 $ 64,841 $ 110,549 $ -
(Continued)
91
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2015
Revenues
Taxes
Intergovernmental
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
$ - $ 1,018,079 $ 11,799 $ 6,976 $ 108,166 $ 275,554 $ 475,310
- 7,420 178 502 128 4,560 251
- - - 4,000 - 17,392 -
- 1,025,499 11,977 11,478 108,294 297,506 475,561
- 2,701,583 150 150 24,395 27,547 301,341
65,113 - - 10,000 28,556 1,061,310 85,000
11,720 - - 150 6,076 270,763 26,060
- - - - - - 33,239
76,833 2,701,583 150 10,300 59,027 1,359,620 445,640
(76,833) (1,676,084) 11,827 1,178 49,267 (1,062,114) 29,921
- - - - - 1,547,398 -
- (2,486,294) (11,827) - - - -
- (2,486,294) (11,827) - - 1,547,398 -
(76,833) (4,162,378) - 1,178 49,267 485,284 29,921
394,507 4,162,378 793 4,282 626,344 (3,293) 743,508
$ 317,674 $ - $ 793 $ 5,460 $ 675,611 $ 481,991 $ 773,429
(Continued)
92
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2015
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
Revenues
Taxes $ 196,770 $ 128,222 $ 304,311 $ 435,671 $ 248,768 $ - $ 148,649
Intergovernmental 41,480 58 57,258 1,676 8,685 1,271 395
Miscellaneous - - - - - - -
Total Revenues 238,250 128,280 361,569 437,347 257,453 1,271 149,044
Expenditures
Current
Public works - - - - - - -
Health and welfare - - - - - - -
Parks and recreation - - - - - -
Community development 33,270 8,578 11,406 40,763 33,318 73,917 474,826
Debt service
Principal 35,000 190,000 310,000 255,387 464,929 416,101 85,000
Interest and fiscal charges 9,394 43,502 130,628 59,718 43,376 186,095 62,068
Capital outlay - - 27,145 6,944 - 1,530,939 431,437
Total Expenditures 77,664 242,080 479,179 362,812 541,623 2,207,052 1,053,331
Excess of Revenues Over (Under) Expenditures 160,586 (113,800) (117,610) 74,535 (284,170) (2,205,781) (904,287)
Other Financing Sources (Uses)
Long-term debt issued - - - - -
Transfer in - - - - - 2,375,000 497,500
Transfer out - - - - - - -
Total Other Financing Sources (Uses) - - - - - 2,375,000 497,500
Net Changes in Fund Balances 160,586 (113,800) (117,610) 74,535 (284,170) 169,219 (406,787)
Fund Balances (Deficit) -January 1 1,812,218 1,499,221 1,199,930 (2,162,540) 397,993 (6,133) 460,244
Fund Balances (Deficit) -December 31 $ 1 972 804 $ 1 385,421 $ 1,082,320 $ (2,088,005) $ 113,823 $ 163,086 $ 53,457
(Continued)
'►.!LC'
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Nonmajor Capital Projects Funds
For the Year Ended December 31, 2015
Tota
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
Revenues
Taxes $ - $ 216,055 $ 155,079 $ - $ - $ 4,729,909
Intergovernmental - 14,524 331,607 394,368 - 1,404,095
Miscellaneous - - - 6,000 - 349,095
Total Revenues - 230,579 486,686 400,368 - 6,483,099
Expenditures
Current
Public works - - - - - 36,717
Health and welfare - - - - - 8,316
Parks and recreation - - - - - 58,426
Community development 43,359 227,230 15,482 584,843 45,922 4,648,080
Debt service
Principal 145,000 - 205,292 300,790 - 3,662,478
Interest and fiscal charges 54,147 - 49,262 111,718 - 1,064,777
Capital outlay 3,090,985 - - 890 - 14,751,456
Total Expenditures 3,333,491 227,230 270,036 998,241 45,922 24,230,250
Excess of Revenues Over (Under) Expenditures (3,333,491) 3,349 216,650 (597,873) (45,922) (17,747,151)
Other Financing Sources (Uses)
Long-term debt issued 1,250,000 - - - - 12,339,847
Transfer in - - - - - 4,618,785
Transfer out - - - - - (2,499,636)
Total Other Financing Sources (Uses) 1,250,000 - - - - 14,458,996
Net Changes in Fund Balances (2,083,491) 3,349 216,650 (597,873) (45,922) (3,288,155)
Fund Balances (Deficit) -January 1 1,454,070 7,406 (1,988,944) 2,201,824 (38,544) 19,186,950
Fund Balances (Deficit) -December 31 $ (629,421) $ 10,755 $ (1,772,294) $ 1,603,951 $ (84,466) $ 15,898,795
•.
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Net Position
Nonmajor Enterprise Funds
December 31, 2015
ASSETS
Current Assets
Cash and investments
Receivables
Accounts
Property held for resale
Inventories and prepayments
Total Current Assets
Noncurrent Assets
Restricted assets
Net pension asset
Capital Assets
Land and construction in progress
Other capital assets, net of accumulated
depreciation
Total Capital Assets, Net
Total Noncurrent Assets
TOTAL ASSETS
DEFERRED OUTFLOWS OF RESOURCES
Pension related deferred outflows
LIABILITIES
Current Liabilities
Accounts payable
Accrued expenses
Deposits
Due to other funds
Current portion of long-term obligations
Total Current Liabilities
Noncurrent Liabilities
Employee benefits
Long-term debt
Total Noncurrent Liabilities
TOTAL LIABILITIES
NET POSITION
Net investment in capital assets
Restricted for
Pension benefits
Unrestricted (deficit)
TOTAL NET POSITION
Total
Oshkosh Nonmajor
Parking Redevelopment Industrial Golf Enterprise
Utility Project Park Course Funds
$ 61,633 $ 300,266 $ - $ - $ 361,899
210 105,192 259,675 12 365,089
- - 6,664,629 - 6,664,629
26, 744 - - - 26, 744
88,587 405,458 6,924,304 12 7,418,361
6,277 - - 26,315 32,592
1,851,549 3,217,183 - 826,541 5,895,273
2,264,320 5,795,145 - 402,250 8,461,715
4,115,869 9,012,328 - 1,228,791 14,356,988
4,122,146 9,012,328 - 1,255,106 14,389,580
4,210,733 9,417,786 6,924,304 1,255,118 21,807,941
6,700 - - 29,260 35,960
2,359 207,230 322 4,890 214,801
950 3,262 7,664 28 11,904
- 5,000 - - 5,000
196,146 - 2,301,784 804,492 3,302,422
554 190,000 365,000 5,714 561,268
200.009 405.492 2.674.770 815.124 4,095.395
2,051 - - 26,439 28,490
27,098 820,000 1,480,000 2,620 2,329,718
29,149 820,000 1,480,000 29,059 2,358,208
229,158 1,225,492 4,154,770 844,183 6,453,603
4,088,217 8,002,328 - 1,220,457 13,311,002
12,977 - - 55,575 68,552
(112,919) 189,966 2,769,534 (835,837) 2,010,744
$ 3,988,275 $ 8,192,294 $ 2,769,534 $ 440,195 $ 15,390,298
95
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenses and Changes in Net Position
Nonmajor Enterprise Funds
For the Year Ended December 31, 2015
Operating Revenues
Taxes
Fines, forfeitures and penalties
Public charges for services
Other revenues
Total Operating Revenues
Operating Expenses
Operating and maintenance
Depreciation and amortization
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses)
Interest and fiscal charges
Income (loss) before transfers and
contributed capital
Transfers in
Contributed capital
Change in Net Position
Net Position -January 1, originally stated
Cumulative Effect of Change in
Accounting Principle
Net Position -January 1, restated
Net Position -December 31
Total
Oshkosh Nonmajor
Parking Redevelopment Industrial Golf Enterprise
Utility Project Park Course Funds
$ - $ 1,683,540 $ - $ - $ 1,683,540
17, 940 - - - 17, 940
123,117 - - 553,738 676,855
- 55,254 21,639 5,486 82,379
141,057 1,738,794 21,639 559,224 2,460,714
124,574 1,295,148 7,749 522,415 1,949,886
140,221 113,917 - 36,262 290,400
264,795 1,409,065 7,749 558,677 2,240,286
(123,738) 329,729 13,890 547 220,428
(3,689) (35,600) (51,505) (529) (91,323)
(127,427) 294,129 (37,615) 18 129,105
11,827 - - - 11,827
725,094 - - - 725,094
609,494 294,129 (37,615) 18 866,026
3,366,010 7,898,165 2,807,149 386,272 14,457,596
12,771 - - 53,905 66,676
3,378,781 7,898,165 2,807,149 440,177 14,524,272
$ 3,988,275 $ 8,192,294 $ 2,769,534 $ 440,195 $ 15,390,298
.~
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Cash Flows
Nonmajor Enterprise Funds
For the Year Ended December 31, 2015
Cash Flows from Operating Activities
Cash received from customers
Cash payments to suppliers and employees
Net Cash Provided by Operating Activities
Cash Flows from Non-Capital Financing Activities
Transfer from other funds
Cash Flows from Capital and Related Financing
Activities
Acquisition of capital assets
Principal payments on long-term debt
Interest payments on long-term debt
Due from other funds
Net Cash Used by Capital and Related
Financing Activities
Net Increase in Cash and Cash Equivalents
Cash and Cash Equivalents -January 1
Cash and Cash Equivalents -December 31
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
Operating income (loss)
Adjustments to reconcile operating income to
net cash provided (used) by operating activities:
Depreciation
Changes in pension related assets and
deferred outflows
Changes in assets and liabilities
Accounts receivable
Inventories and deferred charges
Accounts payable and accrued expenses
Employee benefits
Net Cash Provided by Operating Activities
Noncash activities
Contributed capital assets
Total
Oshkosh Nonmajor
Parking Redevelopment Industrial Golf Proprietary
Utility Project Park Course Funds
$ 141,133 $ 1,717,530 $ 21,639 $ 560,207 $ 2,440,509
(123,670) (1,283,553) (7,717) (526,658) (1,941,598)
17,463 433,977 13,922 33,549 498,911
11,827 - - - 11,827
- (55,259) - - (55,259)
(28,224) (185,000) (355,000) (5,475) (573,699)
(3,283) (35,278) (52,405) (547) (91,513)
28,485 - 393,483 (27,527) 394,441
(3,022) (275,537) (13,922) (33,549) (326,030)
26,268 158,440 - - 184,708
35,365 141,826 - - 177,191
$ 61,633 $ 300,266 $ - $ - $ 361,899
$ (123,738) $ 329,729 $ 13,890 $ 547 $ 220,428
140,221 113,917 - 36,262 290,400
(206) - - (1,670) (1,876)
76 (21,264) - 983 (20,205)
1,433 - - - 1,433
(288) 11,595 32 (671) 10,668
(35) - - (1,902) (1,937)
$ 17,463 $ 433,977 $ 13,922 $ 33,549 $ 498,911
$ 725,094 $ - $ - $ - $ 725,094
97
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Net Position
Internal Service Funds
December 31, 2015
ASSETS
Current Assets
Cash and investments
Receivables
Accounts
Taxes
Total Current Assets
LIABILITIES
Current Liabilities
Accounts payable
Accrued expenses
Total Current Liabilities
DEFERRED INFLOWS OF RESOURCES
Property taxes
NET POSITION
Unrestricted $ 1,848,284 $ 603,161 $ 175,352 $ 369,246 $ 2,996,043
Total
Internal
Hospital Police Fire Workman's Service
Insurance Pension Pension Compensation Funds
$ 2,631,297 $ 603,161 $ 175,352 $ 355,807 $ 3,765,617
29,274 - - 14,208 43,482
- - - 17,700 17,700
2,660,571 603,161 175,352 387,715 3,826,799
12,287 - - 769 13,056
800,000 - - - 800,000
812,287 - - 769 813,056
- - - 17,700 17,700
~. .
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenses and Changes in Net Position
Internal Service Funds
For the Year Ended December 31, 2015
Total
Internal
Hospital Police Fire Workman's Service
Insurance Pension Pension Compensation Funds
Operating Revenues
Intergovernmental charges for services $ 8,640,809 $
Other revenues 1,636,122
Total Operating Revenues 10,276,931
Operating Expenses
Claims and administration
Operating Income (Loss)
Nonoperating Revenues
Taxes
Interest on investments
Total Nonoperating Revenues
Change in Net Position
- $ - $ 49,575 $ 8,690,384
- - 347,004 1,983,126
- - 396,579 10,673,510
9,997,602 27,077 24,782 397,716 10,447,177
279,329 (27,077) (24,782) (1,137) 226,333
- - - 20,400 20,400
6,222 2,154 391 - 8,767
6,222 2,154 391 20,400 29,167
285,551 (24,923) (24,391) 19,263 255,500
Net Position -January 1 1,562,733 628,084 199,743 349,983 2,740,543
Net Position -December 31 $ 1,848,284 $ 603,161 $ 175,352 $ 369,246 $ 2,996,043
..
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended December 31, 2015
Cash Flows from Operating Activities
Cash received from customers
Cash payments to suppliers and employees
Net Cash Provided (Used) by Operating
Activities
Cash Flows from Non-Capital Financing Activities
Property taxes received
Cash Flows from Investing Activities
Investment income received
Net Increase (Decrease) in Cash and Cash
Equivalents
Cash and Cash Equivalents -January 1
Cash and Cash Equivalents -December 31
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
Operating income (loss)
Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:
Changes in assets and liabilities
Accounts receivable
Accrued expenses
Net Cash Provided (Used) by Operating
Activities
Total
Internal
Hospital Police Fire Workman's Service
Insurance Pension Pension Compensation Funds
$ 10,256,477 $ - $ - $ 449,595 $ 10,706,072
(9,990,855) (27,077) (24,782) (400,947) (10,443,661)
265,622 (27,077) (24,782) 48,648 262,411
- - - 20,400 20,400
6,222 2,154 391 - 8,767
271,844 (24,923) (24,391) 69,048 291,578
2,359,453 628,084 199,743 286,759 3,474,039
$ 2,631,297 $ 603,161 $ 175,352 $ 355,807 $ 3,765,617
$ 279,329 $ (27,077) $ (24,782) $ (1,137) $ 226,333
(20,454) - - 53,016 32,562
6,747 - - (3,231) 3,516
$ 265,622 $ (27,077) $ (24,782) $ 48,648 $ 262,411
`[II17
S T ATIS TIC AL S E CTION
FIN ANCI AL T RE NDS
2015 2014 2013 2012 2011
Governmental Activities
Invested in Capital Assets, Net of Related Debt 36,184,133$ 28,014,455$ 19,329,489$ 19,419,962$ 19,229,355$
Restricted 38,369,139 45,613,499 37,140,497 30,364,648 26,651,319
Unrestricted 18,792,902 4,617,998 10,845,337 9,703,942 9,406,605
Total Governmental Activities Net Position 93,346,174$ 78,245,952$ 67,315,323$ 59,488,552$ 55,287,279$
Business-Type Activities
Invested in Capital Assets, Net of Related Debt 123,851,149$ 125,163,119$ 123,557,519$ 119,805,631$ 101,773,674$
Restricted 14,773,848 11,074,504 9,929,194 - -
Unrestricted 35,395,885 27,688,003 21,406,542 27,837,526 41,439,462
Total Business-Type Activities Net Position 174,020,882$ 163,925,626$ 154,893,255$ 147,643,157$ 143,213,136$
Primary government
Invested in Capital Assets, Net of Related Debt 160,035,282$ 153,177,574$ 142,887,008$ 139,225,593$ 121,003,029$
Restricted 53,142,987 56,688,003 47,069,691 30,364,648 26,651,319
Unrestricted 54,188,787 32,306,001 32,251,879 37,541,468 50,846,067
Total Primary Government Net Position 267,367,056$ 242,171,578$ 222,208,578$ 207,131,709$ 198,500,415$
City of Oshkosh, Wisconsin
Net Investment in Capital Assets
Last Five Years
(accrual basis of accounting)
101
2015 2014 2013 2012 2011
Program Revenues
Governmental Activities:
Charges for Services:
General Government 1,558,511$ 1,510,767$ 1,459,590$ 1,499,241$ 2,364,086$
Public Safety 3,201,203 3,458,075 3,443,014 3,428,559 3,909,146
Public Works 3,865,108 4,266,651 4,286,794 4,068,799 3,637,583
Health and welfare 171,211 152,046 153,459 186,310 120,859
Parks and recreation 1,457,930 1,524,330 1,544,164 1,574,689 806,739
Transportation 38,197 17,020 63,496 45,917 -
Community development 1,795,886 1,579,807 1,254,547 1,324,595 46,898
Operating grants and contributions 6,414,312 4,992,789 6,416,634 6,509,866 6,428,168
Capital grants and contributions 3,898,785 4,408,415 8,017,626 2,628,797 6,057,270
Total Governmental Activities Program Revenues 22,401,143 21,909,900 26,639,324 21,266,773 23,370,749
Business-Type Activities:
Charges for Services:
Transit utility 974,398 1,032,597 1,163,321 1,060,619 977,045
Water utility 13,880,943 13,380,404 12,100,460 12,653,163 11,883,928
Sewer utility 11,505,240 11,753,286 10,080,804 10,604,202 9,734,441
Storm Water utility 8,008,241 7,232,454 6,076,752 4,606,002 4,127,079
Other 2,460,714 753,376 2,086,110 1,903,780 1,890,888
Operating grants and contributions 2,988,658 2,980,554 3,969,073 3,016,504 2,862,158
Capital grants and contributions 2,282,249 3,621,003 2,687,333 2,131,530 1,816,885
Total Business-Type Activities Program Revenues 42,100,443 40,753,674 38,163,853 35,975,800 33,292,424
Total Primary Government Program Revenues 64,501,586 62,663,574 64,803,177 57,242,573 56,663,173
Expenses
Governmental Activities:
General Government 6,877,632 6,676,357 5,893,042 7,153,206 6,579,998
Public Safety 27,496,737 25,326,105 25,456,071 25,890,300 25,344,065
Public Works 16,804,792 15,963,233 15,853,312 18,613,846 15,786,739
Health and welfare 942,326 971,146 942,236 1,574,357 1,396,562
Parks and recreation 8,886,775 8,835,806 8,332,592 9,216,781 9,076,401
Transportation 731,434 670,784 762,341 743,613 728,496
Community development 8,546,791 6,929,143 10,149,353 2,758,184 9,376,637
Unclassified 858,234 658,374 793,442 776,758 606,496
Interest on debt 3,958,629 4,565,377 4,101,721 2,603,084 3,463,336
Total Governmental Activities Expenses 75,103,350 70,596,325 72,284,110 69,330,129 72,358,730
Business-Type Activities:
Transit utility 4,737,860 4,836,746 4,959,664 4,860,183 4,945,229
Water utility 10,564,852 10,616,162 9,836,700 10,557,966 10,352,077
Sewer utility 10,526,101 10,018,765 9,276,937 9,195,795 8,851,545
Storm Water utility 5,808,799 5,410,733 4,807,660 3,915,332 4,171,390
Other 2,331,609 2,152,755 2,073,923 1,989,165 1,994,268
Total Business-Type Activities Expenses 33,969,221 33,035,161 30,954,884 30,518,441 30,314,509
Total Primary Government Expenses 109,072,571 103,631,486 103,238,994 99,848,570 102,673,239
City of Oshkosh, Wisconsin
Changes in Net Position
Last Five Years
(accrual basis of accounting)
102
2015 2014 2013 2012 2011
Net (Expense)/Revenue
Governmental Activities (52,702,207)$ (48,686,425)$ (45,644,786)$ (48,063,356)$ (48,987,981)$
Business-Type Activities 8,131,222 7,718,513 7,208,969 5,457,359 2,977,915
Total Primary Government Net Expense (44,570,985) (40,967,912) (38,435,817) (42,605,997) (46,010,066)
General Revenues and Other Changes in Net Position
Governmental Activities:
Taxes:
Property and Other Local Taxes Levied For:
General Purposes 7,674,823 7,601,256 7,437,835 6,988,954 11,910,812
Other Purposes 14,856,920 14,629,667 13,887,960 13,629,952 7,526,939
Debt Service 18,037,275 17,637,047 17,015,651 16,704,943 16,623,050
12,165,208 12,239,874 12,646,485 12,667,257 13,227,462
Investment Earnings 185,641 2,530,813 1,007,079 754,834 585,859
Gain (Loss) on Sale of Capital Assets 25,683 4,629 32,594 - 88,877
Miscellaneous 317,288 3,986,577 547,200 180,880 852,301
Transfers 988,173 987,191 896,753 1,337,809 2,154,845
Total Governmental Activities 54,251,011 59,617,054 53,471,557 52,264,629 52,970,145
Business-Type Activities:
General Purposes property taxes levied for 748,125 2,203,488 795,749 817,657 888,750
Investment Earnings (13,041) 97,561 93,869 155,472 212,089
Gain (Loss) on Sale of Capital Assets - 48,264 42,496 428,485
Transfers (988,173) (987,191) (896,753) (1,337,809) (2,154,845)
Total Business-Type Activities (253,089) 1,313,858 41,129 (322,184) (625,521)
Total Primary Government 53,997,922 60,930,912 53,512,686 51,942,445 52,344,624
Change in Net Position
Governmental Activities 1,548,804 10,930,629 7,826,771 4,201,273 3,982,164
Business-Type Activities 7,878,133 9,032,371 7,250,098 5,135,175 2,352,394
Total Primary Government Change in Net Position 9,426,937$ 19,963,000$ 15,076,869$ 9,336,448$ 6,334,558$
State and Federal Aids Not Restricted to Specific Functions
City of Oshkosh, Wisconsin
Changes in Net Position (continued)
Last Five Years
(accrual basis of accounting)
103
2015 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 17,259 33,723 13,477 63,560 20,117 15,128 - - - - -
Receivables from other funds 13,302,738 480,191 6,082,872 9,023,957 7,822,388 - - - - - -
RESTRICTED
Construction of assets 7,255,154 28,384,271 19,114,218 15,864,698 12,466,838 6,161,672 - - - - -
Debt service 2,361,472 3,437,177 6,628,347 3,843,324 3,827,124 802,645 - - - - -
Special purposes 5,676,076 3,763,430 3,121,059 2,954,583 3,619,623 2,225,449 - - - - -
Trust agreements 9,437,194 10,028,621 8,276,873 7,702,043 7,615,773 3,591,586 - - - - -
COMMITTED
Special purposes 1,948,928 870,296 327,044 199,313 453,083 1,440,897 - - - - -
ASSIGNED
Construction of assets 13,759,242 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 8,540,127 8,718,502 8,262,154 8,820,427 8,520,110 8,090,093 - - - - -
Special revenue funds (4,637,412) (3,986,743) (2,058,210) (632,057) (51,337) (32,444) - - - - -
Capital project funds (4,706,405) (4,331,169) (5,018,748) (7,783,852) (6,976,868) (1,896,158) - - - - -
Total Fund Balances 52,954,373$ 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, 2015
104
2015 2014 2013 2012 2011
Revenues
Taxes 40,394,058 $ 39,703,948$ 38,186,988$ 37,169,391$ 36,040,150$
Special assessments 4,090,632 3,278,508 3,957,420 1,819,259 291,300
Intergovernmental 18,478,299 16,856,805 18,179,507 17,954,593 19,283,704
Licenses and permits 1,817,320 1,630,361 1,690,229 1,697,164 1,903,473
Fines and forfeits 732,845 718,839 814,534 693,361 697,601
Public charges for services 4,879,735 5,072,026 5,723,603 4,747,578 5,163,689
Intergovernmental charges for services 3,427,847 3,371,926 3,313,954 3,959,645 3,240,651
Miscellaneous 2,449,829 8,776,973 3,297,214 3,596,865 6,410,171
Total Revenues 76,270,565 79,409,386 75,163,449 71,637,856 73,030,739
Expenditures
Current
General government 6,104,307 6,004,044 5,718,541 5,970,307 6,029,646
Public safety 25,556,548 24,604,669 24,180,522 24,187,942 23,810,954
Public works 9,068,401 9,653,984 9,249,548 10,283,815 9,704,657
Health and welfare 462,691 502,391 423,057 1,094,576 1,393,121
Parks and recreation 7,937,333 7,943,881 7,634,760 7,586,448 7,631,194
Transportation 692,914 678,097 677,682 599,980 728,496
Community development 8,011,745 6,316,899 6,305,710 3,620,086 3,777,858
Unclassified 836,971 613,892 773,537 766,501 606,496
Debt service
Principal 10,952,762 17,867,974 9,048,197 8,569,556 7,825,286
Interest and fiscal charges 3,739,870 3,601,824 3,322,065 2,842,832 3,473,041
Capital outlay 19,360,391 19,245,514 19,428,396 17,854,390 19,897,863
Total Expenditures 92,723,933 97,033,169 86,762,015 83,376,433 84,878,612
Excess of Revenues Over (Under)
Expenditures (16,453,368) (17,623,783) (11,598,566) (11,738,577) (11,847,873)
Other Financing Sources (Uses)
Long-term debt issued 19,390,000 25,208,622 16,054,100 20,044,000 22,725,000
Premium on debt issued 483,527 733,994
Payment to refunding escrow agent (7,333,351) (8,878,405) - (4,007,871) (9,968,673)
Transfers in 16,994,014 17,915,661 11,658,764 11,657,789 13,424,584
Transfers out (16,005,841) (16,928,470) (10,671,298) (10,319,980) (11,269,739)
Total Other Financing Sources (Uses)13,528,349 18,051,402 17,041,566 17,373,938 14,911,172
Net Change in Fund Balance (2,925,019) 427,619 5,443,000 5,635,361 3,063,299
Fund Balances - January 1, as Restated 55,879,392 55,451,773 50,008,773 44,373,412 41,310,113
Fund Balances - December 31 52,954,373$ 55,879,392$ 55,451,773$ 50,008,773$ 44,373,412$
City of Oshkosh, Wisconsin
Changes in Fund Balances, Governmental Funds
Last Five Fiscal Years
105
T HIS P AG E I NT ENT IO NAL L Y L EFT BL ANK
RE V E NUE CAP ACITY
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
2015 3,606,419,800$ 3,606,061,488$ 142,327,700$ 142,313,559$ 3,748,747,500$ 9.5620 3,748,375,047$ 100.00
2014 3,618,101,100 3,592,566,171 157,144,000 156,034,948 3,775,245,100 9.2810 3,748,601,119 100.71
2013 3,602,577,600 3,602,577,600 158,294,700 158,294,700 3,760,872,300 8.9370 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 8.7960 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 8.6080 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 8.3990 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 8.2300 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 7.9800 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 7.8200 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 7.6100 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 10.5700 3,334,352,638 101.82
CITY OF OSHKOSH, WISCONSIN
Assessed and Estimated Actual Value of Taxable Property
Last Ten Fiscal Years
December 31, 2015
Real Property Personal Property
106
Fiscal
Year Operations Debt Total Total
2015 6.949$ 2.838$ 9.787$ 37.5% 9.579$ 36.7% 1.116$ 4.3% 5.429$ 20.8% 0.169$ 0.6% 26.080$
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
Fiscal
Year Operations Debt Total Total
2015 24,343,600$ 9,943,100$ 34,286,700$ 91,406,804$
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
City of Oshkosh
CITY OF OSHKOSH, WISCONSIN
Property Tax Rates - Direct and Overlapping Governments
Last Ten Fiscal Years
December 31, 2015
City of Oshkosh
State of Wisconsin
31,595,334
30,451,103
Oshkosh Area Public
Schools
Fox Valley Technical
College
County of
Winnebago State of Wisconsin
33,943,225 3,890,900 19,340,255 636,199
635,319$
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
33,555,438$ 3,910,234$ 19,019,113$
5,600,302
29,585,411
30,116,037
27,758,578
26,340,816
25,684,457
24,368,125
6,208,876
6,212,920
6,021,254
5,999,373
5,799,205
Tax Levies
637,971
638,536
640,825
641,392
645,192
653,212
631,784
624,844
19,215,346 6,808,053
6,786,290
107
Real Property Percentage of Total
Taxpayer Assessed Valuation (1)Assessed Valuation
Dumke & Associates 59,916,200$ 1.60%
Midwest Realty 58,857,700 1.57
Oshkosh Corporation 32,142,900 0.86
Tom Rusch Etal 43,425,300 1.16
Dennis Schwab 41,986,000 1.12
Bergstrom 31,351,700 0.84
Curwood Bemis 29,193,200 0.78
BFO Factory Shoppes 32,090,900 0.86
Charles Perry 31,038,400 0.83
Aurora Medical 27,091,600 0.72
387,093,900$ 10.33%
Total Assessed Valuation 3,748,747,500$
December 31, 2005
Real Property Percentage of Total
Taxpayer Assessed Valuation (1)Assessed Valuation
Midwest Realty 62,026,400$ 1.83%
Curwood Inc. (Bemis) 46,748,200 1.38
Thomas N. Rusch, etal. 44,244,000 1.30
Oshkosh Truck 22,852,300 0.67
Peter Jungbacker 19,506,000 0.57
Dumke & Assoc. 19,645,200 0.58
First Horizon 19,262,200 0.57
Mokler Properties 18,472,700 0.54
Aurora Medical 17,178,600 0.51
Westowne Shoppes, etal 18,018,600 0.53
287,954,200$ 8.48%
Total Assessed Valuation 3,396,162,800$
(1) Assessed valuation based on the valuation of property for taxes collected in 2015 and 2005
respectively, and a review of the largest taxpayers for the City.
Source: City of Oshkosh Assessor's Office
City of Oshkosh, Wisconsin
Principal Taxpayers
12/31/2005 and 12/31/2015
December 31, 2015
108
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
2015 2014 103,057,581$ 101,075,776$ 98.08%1,916,907$ 102,992,683$ 99.94%
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%
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
2006 - 2015
(1) - Total Tax Levy represents the real estate tax levies for the City, overlapping districts, and personal
property taxes.
109
DE BT C AP ACITY
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
2015 117,857,462$ 4,673,902$ 5,147,509$ -$ 28,709,574$ 147,300,274$ 628,849$ $ 304,317,570 20.51% $ 4,588
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
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, 2015
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 $10,233,802 which was split between governmental and business-type activities.
110
Fiscal Year Population Equalized Value Debt Total
Ratio to Assessed
Value Per Capita
2015 66,327 3,743,645,000$ 145,410,531$ 3.88% 2,192.33$
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, 2015
Net General
111
2015
Percent Amount
Direct Debt:
City purpose 145,410,531$
Less Sanitary Sewer purpose (9,939,166)
Less Storm Sewer purpose (7,632,924)
Less Water Utility purpose (7,430,666)
Less TIF purpose (31,107,473)
Net City Purpose 89,300,302$ 100.0000% 89,300,302$
Total Net Direct Debt 89,300,302
Overlapping Debt
Oshkosh Area Public School District 49,858,554 74.7131% 37,250,871
Fox Valley Technical College 95,880,000 10.8992% 10,450,153
Winnebago County 72,879,786 51.2750% 37,369,110
Total Overlapping Debt 85,070,134
174,370,436$
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, 2015
TOTAL DEBT
Applicable to City
Debt shown includes general obligation bonds and notes. Excluded from above are revenue
bonds of $147,300,274.
112
2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Equalized Value 3,743,645,000$ 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$
Debt limitation - 5% of equalized value 187,182,250 187,441,380 187,963,475 188,130,055 188,804,295 188,971,890 190,090,895 178,284,495 173,674,850 167,100,870
Debt applicable to limitation
Total outstanding general obligation debt 145,410,531 147,228,958 141,394,927 137,859,252 133,631,861 131,952,877 129,657,253 119,684,805 133,080,054 132,445,768
Less: Debt service fund (976,051) (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)
Less: Other funds available for debt retirement - - (1,631,854) - - - - - - -
Total debt applicable to limitation 144,434,480 145,692,124 137,996,642 136,260,778 132,753,822 131,150,232 128,510,270 117,870,260 117,713,552 117,463,738
Legal Debt Margin 42,747,770$ 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$
Total net debt applicable to the limit
as a percentage of debt limit 77.16%77.73%73.42%72.43%70.31%69.40%67.60%66.11%67.78%70.30%
CITY OF OSHKOSH, WISCONSIN
Legal Debt Margin Information
Last Ten Fiscal Years
December 31, 2015
113
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
Available for
Debt Service Principal Interest
Revenue
Coverage
2015 13,744,880$ 5,559,101$ 8,185,779$ 3,807,638$ 1,441,970$ 1.559
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
(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, 2015
Last Ten Fiscal Years
Pledged-Revenue Coverage
Water Revenue Bonds
114
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
Available for
Debt Service Principal Interest
Revenue
Coverage
2015 11,432,847$ 5,814,421$ 5,618,426$ 1,797,902$ 962,202$ 2.036
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
(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, 2015
Last Ten Fiscal Years
Pledged-Revenue Coverage
Sewer Revenue Bonds
115
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
Available for
Debt Service Principal Interest
Revenue
Coverage
2015 7,992,624$ 1,941,371$ 6,051,253$ 2,120,000$ 1,854,819$ 1.522
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
(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, 2015
Last Ten Fiscal Years
Pledged-Revenue Coverage
Storm Water Revenue Bonds
116
T HIS P AG E I NT ENT IO NAL L Y L EFT BL ANK
DE M OGR AP HIC AND E C ONOM IC INFORM ATION
Total Per Capita
Personal Personal Median School Unemployment
Year Population (1) Income (2) Income (3)Age (4)Enrollment (5)Rate (6)
2015 66,327 1,483,536,009$ 22,367$ 32.8 11,141 3.8%
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%
Source:
(1) U.S. Census Bureau, http://quickfacts.census.gov
(2) Computation of per capita personal income multiplied by population
(3) U.S Census Bureau, Census 2011 Data. Esri forecasts for 2012 and 2016.
(4) U.S. Census Bureau, Census 2011 Data. Esri forecasts for 2012 and 2016.
(5) WI Department of Public Instruction http://dpi.wi.gov/lbstat/pubdata2.html
(6) Wisconsin Department of Workforce Development Website: worknet.wisconsin.gov
December 31, 2015
City of Oshkosh, Wisconsin
Demographic and Economic Statistics
Last Ten Years
117
T HIS P AG E I NT ENT IO NAL L Y L EFT BL ANK
OP E R ATING INFORM ATIO N
2005
Percentage of Oshkosh
Total City Financial
Employees Employment Report
Manufacturing
Oshkosh Corporation 2,800 7.87%2,277
Bemis (all Oshkosh locations)2,300 6.46%2,101
Silver Star Brands Inc. / Miles Kimball Co.650 1.83%1,250
Hoffmaster, A Solo Cup Company,444 1.25%486
(Scott Worldwide Food Service)
Lapham-Hickey Steel 256 0.72%-
Muza Metal Products 265 0.74%-
Non-Manufacturing
Aurora Medical Center & Aurora Group 870 2.44%1,056
U S Bank (Firstar)1,144 3.21%975
Affinity - Mercy Medical Group 688 1.93%2,907
4imprint (Nelson Marketing)729 2.05%296
Clarity Care (Residential Care RCDD)569 1.60%-
Wal-Mart 318 0.89%468
Lutheran Homes of Oshkosh 279 0.78%342
Oshkosh Community YMCA 200 0.56%350
United Parcel Service 200 0.56%-
Government
University of WI - Oshkosh 1,327 3.73%1,632
Oshkosh Area School District 1,290 3.63%1,620
Winnebago County 1,018 2.86%1,117
City of Oshkosh-, Full-Time 519 1.46%650
(source: Human Resources Mgr.)
Winnebago Mental Health Institute 702 1.97%750
Oshkosh Correctional Institution 502 1.41%518
CESA6 200 0.56%289
Oshkosh's Labor Force Estimates **35,586
**Source: WORKnet - Data Analyst - Labor Force - Period 12, 2015
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
2015
December 31, 2015
118
2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
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 6.00 5.00 5.00 5.00 5.00 5.00 5.00
Clerk 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Finance 12.80 12.00 12.00 12.00 12.00 14.00 14.00 14.00 14.00 14.00
Purchasing 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2.00 2.00 3.00
Central Services - - - - 1.00 1.00 1.00 1.00 1.00 1.00
I T / Central Services 7.40 7.40 7.40 7.40 7.00 7.00 7.00 7.00 7.00 7.00
Facilities Maint.5.80 5.00 5.00 5.00 5.00 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 115.00 115.00 114.00 116.00 116.00 116.00 116.00 116.00 116.00 117.00
Fire 108.00 107.00 107.00 108.00 108.00 108.00 108.00 108.00 108.00 109.00
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 11.70 11.00 12.00 12.00 12.00 11.00 11.00 11.00 12.00 13.00
Streets 29.00 29.00 29.00 29.00 31.00 31.00 31.00 30.00 32.00 33.00
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
Parks
Parks 14.89 14.89 15.64 15.64 15.64 15.50 15.50 15.50 15.50 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 5.80 5.00 5.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00
Economic Development 4.80 4.80 3.00 - - - - - - -
Planning 8.50 8.50 7.50 9.90 9.90 9.50 9.50 9.50 9.50 9.00
Inspection Services 7.50 7.50 7.50 10.50 10.50 10.50 10.50 10.50 10.50 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 3.00 3.70 4.00 4.00 4.00 4.00 4.00
Senior Services 5.00 5.00 5.00 5.00 5.00 5.00 5.00 6.00 6.00 6.00
Parks Revenue Facilities 0.36 0.36 0.36 0.36 0.36 0.50 0.50 0.50 0.50 0.50
Public Works
Garbage 8.00
Recycling 5.00 5.00 5.00 5.00 5.00 5.00 6.00 7.00 7.00 7.00
Other
Health Services - - - - 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
Library 38.58 40.25 40.25 40.25 32.05 32.50 31.60 31.60 32.50 35.90
Museum 10.00 10.00 10.00 10.00 10.00 10.00 10.00 9.00 10.00 10.00
Housing - - - - - - - - - 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 29.00 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 1.00 2.00 2.00 2.00
Water Utility 34.93 34.93 35.05 35.05 32.85 32.85 31.33 31.33 31.00 31.00
Sewer Utility 32.68 32.68 33.70 33.70 32.67 32.67 32.33 32.33 34.00 34.00
Storm Utility 10.50 10.50 10.50 10.50 8.00 8.00 7.33 7.00 7.00 7.00
Total Full-time Equivalent 554.24 550.81 549.90 557.55 555.67 557.02 554.59 554.26 560.50 584.90
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, 2015
119
2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Police
Stations 1 1 1 1 1 1 1 1 1 1
Community Policing Offices I mobile I mobile 0 0 0 0 0 0 0 0
Patrol Units 28 28 28 28 28 29 30 32 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)243.70 243.68 241.58 241.17 241.25 241.31 240.65 240.22 239.58 239.25
Street Lights 1,350 1,350 1,310 * * * * * * *
City traffic signals (intersections)67 62 * * * * * * * *
Parks and Recreation
Acreage 440 440 440 440 440 440 440 440 440 440
Playgrounds 19 17 17 17 17 17 17 18 18 18
Baseball/softball diamonds 19 18 18 18 18 18 18 19 19 19
Water
Watermains (miles)296.09 295.66 294.09 294.73 294.49 294.02 292.61 291.94 283.14 280.64
Average Daily Pumpage,6.170 6.849 6.160 6.422 6.508 6.388 6.315 6.534 6.866 7.381
(Million Gallons per day)
Wastewater
Sanitary sewers (miles)266.21 266.35 267.04 268.50 269.71 269.71 269.84 * *267.50
Storm sewers (miles)251.97 246.69 * * * * * * *227.60
Transit
Buses 16 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, 2015
120
2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Police
Physical arrests 3,854 4,606 5,162 5,727 7,603 6,217 6,307 6,087 6,116 6,559
Traffic Enforcement Citations 4,720 7,799 7,846 8,919 7,415 6,750 5,203 1,328
Reportable Accidents 1,434 1,243 1,403 1,453 1,381 1,360 1,191 1,390 1,173 1,045
Fire
Emergency responses 8,018 8,087 7,625 7,502 7,343 6,741 5,862 6,612 6,419 5,887
Fire responses 130 107 114 121 113 116 104 160 221 180
Other 844 901 879 783 766 840 1,119 1,194 837 838
Refuse Collection
Refuse collected (average tons per day) 50.42 49.86 49.30 49.23 49.61 49.11 51.50 51.55 56.97 66.19
Refuse collected total tons per year 13,158.55 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
Comingled recyclable containers (tons) 4,353 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
Mixed paper and comingled recyclables (tons)3,635.36 3,609.33 3,874.30 3,951.27
Other Public Works
New street pavement (miles) 0.00 0.00 0.16 0.00 0.00 0.05 0.25 0.42 0.31 0.58
Street resurfacing (miles) 2.25 1.38 2.89 4.89 6.91 14.87 5.18 5.10 6.52 2.09
Inspection
Commercial construction - units 248 136 30 6 100 34 56 8 72 171
Commercial construction (thousands of dollars) 15,897,849 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
Residential construction - units 27 21 21 22 14 24 18 51 58 63
Residential construction (thousands of dollars) 4,498,868 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
Water
New construction (miles) 2.62 2.78 2.54 4.01 4.24 5.26 * * * *
Water main leaks 77 124 73 77 76 71 * * * *
Average number of residential customers 21,441 21,268 22,110 20,815 20,498 20,465 20,436 20,388 20,284 20,436
Average annual usage per residential customer, 34,982 35,651 37,198 40,123 39,785 39,935 * * * *
(gallons)
Transit
Total route miles 483,492 481,997 486,540 473,615 468,124 462,430 465,125 470,945 467,690 462,084
Passengers (includes paratransit) 990,431 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
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, 2015
121
M IS CE LL AN E OUS GE NER AL D AT A
2006 Estimate
2007 Estimate
2008 Estimate
2009 Estimate
2010 Estimate
2011 Estimate
2012 Estimate
2013 Estimate
2014 Estimate
2015 Estimate 66,327
Year No.No.
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
2015 38 20,396,717 1,974 67,144,205
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Water (3)22,960 22,893 23,352 23,451 23,512 23,547 23,823 24,225 24,352 24,352
Electric (4)41,659 42,492 42,910 43,038 43,382 43,729 43,861 44,343 44,369 42,612
Gas (4)31,494 32,123 32,441 32,505 32,667 32,867 32,987 33,019 33,028 32,226
(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
15,563,675
Value
51,095,915
66,778
9,846,277
5,173,400
77,672,133
66,248,867
82,002,706
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
65,810
98,876,033
121,914,846
Value
17,872,562
21,982,261
BUILDING PERMITS (2)
66,653
ECONOMICS
CITY OF OSHKOSH, WISCONSIN
December 31, 2015
66,325
66,083
66,080
64,350
65,920
POPULATION - CITY OF OSHKOSH (1)
65,510
122
YEAR
TOTAL
UNITS
SINGLE
FAMILY
TWO
FAMILY
MULTIPLE
FAMILY
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
2015 275 17 10 248
5,015 1,614 310 3,086
Source: City of Oshkosh Department of Community Development
City of Oshkosh, Wisconsin
NEW DWELLING UNITS CONSTRUCTED
1996-2015
123
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 $ 384,047.08 94,360
UW Oshkosh 295,835.63 67,828
Bemis / Curwood/Milprint 278,366.36 70,610
Pepsi Bottling 255,476.78 66,930
Winnebago Mental Health 162,333.06 48,774
Hydrite Chemical 144,346.33 37,112
State of WI - Drug Abuse Correctional Center 111,686.22 28,774
Midwest Realty Management 106,750.79 21,113
Winnebago County 103,136.46 22,321
Oshkosh Corporation 101,567.40 23,271
WATER UTILITY
Top Ten Users / Customers
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION
December 31, 2015
124
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) $80.90
Special Charges:
Meter Reading & Billing Charge
for non-sewer deduct meters,
per billing period. $5.00
Fixed Quarterly Charge
Meter Size Charge Meter Size Charge
5/8" & 3/4" $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 $ 355,076.00 94,360
UW Oshkosh 251,024.71 62,029
Winnebago County 246,427.14 63,425
Bemis / Curwood / Milprint 172,220.15 45,571
Winnebago Mental Health 171,464.50 45,269
City of Oshkosh 138,448.32 34,177
State of WI - Drug Abuse Correctional Ctr. 108,193.10 28,774
Midwest Realty Management 91,587.05 20,917
Oshkosh Corporation 89,324.85 22,189
Gabert & Rusch 81,652.02 18,369
SEWER UTILITY
Top Ten Users / Customers
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION (Continued)
December 31, 2015
125
Rates:
Quarterly Equivalent Runoff Unit (ERU)
Charge per ERU $34.15
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 $ 581,151.71 4,431.8500
Oshkosh Corporation 294,323.01 2,239.2600
City of Oshkosh 235,085.79 1,817.2500
State of Wisconsin 195,292.29 1,474.3900
Oshkosh Area School District 158,525.25 1,221.0500
UW Oshkosh 154,203.09 1,165.7200
Bemis / Curwood / Milprint 115,408.56 876.4800
Experimental Aircraft Association 94,805.86 728.9200
Bergstrom 75,835.16 575.6800
BFO Factory Outlets 54,362.65 408.4800
Note - Rate increase being implemented April 1, 2016, see City's website for new rates.
Top Ten Users / Customers
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION (Continued)
December 31, 2015
STORM WATER UTILITY
126
2013 2014 2015 2015 2016
ACTUAL ACTUAL BUDGETED ESTIMATED PROPOSED
REVENUES REVENUES REVENUES REVENUES BUDGET
TAXES LEVIED BY CITY
Total Taxes Levied 30,604,908 32,031,000 33,334,300 33,334,300 34,286,700
Property Taxes Levied Other Funds (see details below) (24,277,700) (25,427,800) (26,195,000)(26,195,000) (18,179,800)
Net General Fund Property Tax 0072-4102 6,327,208 6,603,200 7,139,300 7,139,300 16,106,900
Municipal Owned Utility 0072-4112 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Snow Removal 0072-4172 84,748 92,184 46,600 84,900 87,300
Weed Cutting 0072-4171 34,469 39,019 38,800 40,300 37,500
Mobile Home Tax 0072-4108 122,409 129,782 125,000 139,000 125,000
Payment in Lieu of Taxes 0072-4118 107,005 101,886 95,000 111,800 105,000
TOTAL TAXES LEVIED 7,675,839 7,966,071 8,444,700 8,515,300 17,461,700
LICENSES & PERMITS
Heating 0750-4377 91,092 85,334 83,000 126,300 0
Liquor License 0050-4322 133,667 129,395 130,000 137,200 130,700
Cigarette License 0050-4358 6,975 7,120 6,800 7,100 7,000
Sundry License 0050-4972 32,652 29,152 33,000 28,500 28,000
Assessor Fees 0080-4390 0 103,582 75,000 154,200 128,900
Electric Permits 0750-4376 85,347 64,766 80,000 76,000 0
Building Permits 0750-4374 368,900 376,518 382,100 425,000 0
Plumbing Permits 0750-4378 92,435 90,417 75,000 115,000 0
Flammable Tank Fees 0750-4384 1,465 740 500 1,000 0
Housing Fees 0750-4386 3,555 3,570 78,000 3,300 0
Code Seals & Plan. Fees 0750-4383 805 630 600 700 0
Code Enforcement 0750-4388 18,050 31,785 29,000 50,800 0
Weights & Measures 0750-4381 64,009 66,133 66,000 65,300 0
Zoning Ordinances 0740 - 4334 44,296 42,406 59,600 68,000 83,900
TOTAL LICENSES & PERMITS 943,248 1,031,548 1,098,600 1,258,400 378,500
FINES & COSTS
County Court 0211-4406 313,254 285,201 325,000 262,700 280,600
Police Department 0211-4402 501,280 433,638 472,000 461,000 438,800
Penalties 0072-4120 85,709 87,972 82,800 87,800 85,700
TOTAL FINES & COSTS 900,243 806,811 879,800 811,500 805,100
STATE & COUNTY AIDS
Town Aid - Cable TV 1010-4252 11,136 11,693 11,700 12,300 0
Town Ambulance Aid 0240-4251 78,569 78,341 22,600 34,200 34,200
Aid to Local Streets 0073-4228 2,875,106 2,824,572 3,038,500 3,033,200 3,197,800
Municipal Services 0073-4232 & 4236 1,017,462 1,011,432 930,400 927,200 970,700
State Shared Aids 0073-4210 9,671,889 9,674,647 9,672,600 9,677,200 9,680,200
State/Fed Aids-Misc 0211/0610/0620/0730/0810-4236, 42 9,031 12,500 3,000 4,800 4,500
State Aids - Fire 0230-4236 140,624 160,055 160,100 152,800 150,000
Aids-Police 0211-4206 & 4226 & 4253 207,884 176,165 172,000 189,400 221,600
State Computer Credit 0073-4237 159,288 175,068 175,000 189,300 175,000
Expenditure Restraint 0073-4238 1,105,839 1,060,836 1,132,100 1,122,100 1,176,800
TOTAL STATE & CO. AIDS 15,276,828 15,185,309 15,318,000 15,342,500 15,610,800
CITY OF OSHKOSH, WISCONSIN
BUDGET FOR 2016 - REVENUES
127
2013 2014 2015 2015 2016
ACTUAL ACTUAL BUDGETED ESTIMATED PROPOSED
REVENUES REVENUES REVENUES REVENUES BUDGET
USE OF MONEY & PROPERTY
Interest on Investments 0073-4908 113,297 71,910 95,000 43,500 50,000
Interest on Special Assessments 0072-4910 370,418 493,528 275,000 442,700 316,600
Rent 0073-4922 - 4926 55 55 100 100 100
TOTAL USE OF MONEY & PROP.483,770 565,493 370,100 486,300 366,700
CHARGES FOR CURRENT SERVICES
Police Department Fees 0211- 4532-4972 178,018 173,712 150,000 174,600 175,400
Fire Department Fees 0230-4534 151,514 174,043 149,400 164,000 158,500
Ambulance Fees 0240-4538 2,292,809 2,381,102 2,421,000 2,523,900 2,594,000
Engineering Fees 0420-4520 543 10,429 10,000 500 10,000
Street Services 0420 & 0430-4557 98,203 85,292 65,000 70,600 17,500
Central Garage 0450 4815 & 4551 0 0 0 0 237,500
Electrical Department 0801-4520 56,922 16,574 30,000 37,400 30,000
Sign Department 0810-4520 6,653 446 3,500 500 3,000
Parks Revenues 0610 / 0620-4572 - 4972 30,866 44,517 40,000 54,200 45,000
City Clerk Fees 0050-4520 6,370 6,285 6,000 6,500 6,300
Comm Dev 0740 / Econ Dev 0730 - CDBG -4811 401,126 239,132 270,600 247,600 256,400
Community Development - TIF 0730 / 0740-4811 0 320,000 407,900 407,900 411,900
Economic Development - County Aids 0730-4240 0 66,300 66,300 66,300 66,300
Comm Dev-Plan Review Fees-Econ Dev-0730-4520 57,791 996 0 0 25,000
Cable Access Fees 0150-4520 3,760 4,400 3,500 4,700 3,500
CATV Revenue 1010-4312 746,463 702,025 710,600 761,000 723,800
Property Search 0073-4519 22,935 21,770 21,000 23,400 21,100
Hazardous Materials 0230-4540 0 2,665 500 2,400 500
Garbage Fees 0470-4558 63,113 0 0 0 0
TOTAL CHGS. FOR CUR. SERV.4,117,086 4,249,688 4,355,300 4,545,500 4,785,700
INTERDEPARTMENTAL REVENUES
Materials & Labor-Utilities 0430-4812 614,366 851,420 615,000 722,500 530,500
Supervisor/Admin Labor-Util 0410,420,430-4814 289,368 325,482 293,000 338,100 347,500
Accounting Services-Utilities 0073-4806 463,107 471,617 470,000 421,800 421,800
Equipment/Labor Rental - Recycling 0480-4834 437,070 559,569 400,000 390,200 401,000
Computer Services - Utilities 0110-4822 164,600 166,700 166,700 168,500 168,500
Water G.O. Bond Abatement 0074-5275 1,368,362 1,294,224 1,304,400 1,297,700 0
Sewer G.O. Bond Abatement 0074-5273 1,536,864 1,491,121 1,489,800 1,483,100 0
Storm G.O. Bond Abatement 0074-5278 1,055,888 1,027,901 1,017,300 1,021,400 0
Parking G.O. Bond Abatement 0074-5272 53,023 55,758 30,200 29,900 0
Ind. Dev. G.O. Bond Abatement 0074-5270 405,411 398,012 407,400 407,400 0
TIF Districts G.O. Bond Abatement 0074-5274 3,981,045 4,071,912 4,410,200 4,395,000 0
Golf Course G.O. Bond Abatement 0074-5277 6,104 6,048 6,000 6,000 0
Centre G.O. Bond Abatement 0074-5261 216,447 223,658 220,300 220,300 0
Cable TV G.O. Bond Abatement 0074-5279 6,832 6,746 6,700 6,700 0
TSF from Debt Service BABs 0074-5299 0 402,800 0 0 0
TSF From Other Funds 0074-5299 0 0 0 0 0
Engineering Fees-Const. 0420-4555 1,345,442 995,121 1,562,200 1,544,500 1,810,000
TOTAL INTER. DEP. REV.11,943,929 12,348,089 12,399,200 12,453,100 3,679,300
128
2013 2014 2015 2015 2016
ACTUAL ACTUAL BUDGETED ESTIMATED PROPOSED
REVENUES REVENUES REVENUES REVENUES BUDGET
UNCLASSIFIED
Sundry Revenue 0073 etc - 4952-4972 160,287 179,015 137,400 131,000 130,000
Sale of Capital Assets 0 4,629 0 0 0
Bond Proceeds 0073-5302 57,338 84,878 0 0 0
TOTAL UNCLASSIFIED 217,625 268,522 137,400 131,000 130,000
TOTAL GENERAL FUND REVENUES 41,558,568 42,421,531 43,003,100 43,543,600 43,217,800
Levy for Recycling *404,700 0 0 0 0
Levy for Garbage Collect & Disp *0 1,217,000 1,301,400 1,301,400 1,203,700
Levy for Street Lighting *1,057,500 1,081,700 1,100,000 1,100,000 1,110,900
Levy for Senior Services *291,800 281,800 281,200 281,200 276,400
Levy for "GO" Transit Utility *726,200 599,500 655,100 655,100 746,200
Levy for Library *2,302,200 2,370,000 2,482,100 2,482,100 2,657,100
Levy for Museum *848,600 741,000 863,400 863,400 911,700
Levy for Grand Opera House *66,200 73,000 73,000 73,000 22,700
Levy for Cemetery*274,800 261,100 282,600 282,600 296,400
Levy for Health Services*0 0 0 0 0
Levy for Equipment Fund *1,117,800 1,000,000 927,500 927,500 915,900
Levy Leach Amphetheater *15,000 14,000 14,000 14,000 14,000
Levy Pollock Comm Water Park *67,300 64,000 64,000 64,000 64,000
Levy for Debt Services 17,085,200 17,704,300 18,130,300 18,130,300 9,943,100
Levy for Agency Funds 20,400 20,400 20,400 20,400 17,700
TOTAL PROPERTY TAXES LEVIED TO OTHER FUNDS 24,277,700 25,427,800 26,195,000 26,195,000 18,179,800
Build America Bond Credits Debt Services 463,029 302,600 355,400 355,400 336,300
Bond Abatements from Debt Service Fund 0 0 0 0 8,936,300
Approp. from Debt Svc. Fund 0 0 568,000 568,000 350,000
OTHER FUND REVENUES 24,740,729 25,730,400 27,118,400 27,118,400 27,802,400
TOTAL REVENUES 66,299,297 68,151,931 70,121,500 70,662,000 71,020,200
129
PAYROLL PAYROLL CONTRAC-MATERIALS
DIRECT INDIRECT TUAL UTILITIES FIXED AND CAPITAL TOTAL
LABOR LABOR SERVICES CHARGES SUPPLIES OUTLAY BUDGET
GENERAL GOVENRNMENT
City Council 31,100 3,900 14,800 0 0 3,100 0 52,900
City Manager 181,000 69,400 15,600 0 0 1,800 0 267,800
City Attorney 252,600 113,900 57,600 200 0 6,700 0 431,000
Human Resources 363,400 157,300 85,400 0 500 11,900 0 618,500
City Clerk 179,500 60,500 10,900 0 0 3,200 0 254,100
Elections 124,500 9,900 11,500 300 0 18,000 0 164,200
Finance 742,900 281,900 5,000 200 0 4,700 0 1,034,700
Purchasing 170,900 55,000 4,400 200 0 1,400 0 231,900
Information Technology Division 440,300 166,200 443,500 19,800 0 116,600 34,400 1,220,800
Insurance 0 0 0 0 631,900 0 0 631,900
Facilities Maintenance 231,900 140,500 78,500 221,000 1,600 37,300 0 710,800
Independant Audit 0 0 24,000 0 0 0 0 24,000
Media Services 156,900 48,400 4,500 400 0 2,100 0 212,300
TOTAL GENERAL GOVERNMENT 2,875,000 1,106,900 755,700 242,100 634,000 206,800 34,400 5,854,900
PUBLIC SAFETY
Police 8,597,700 3,378,500 243,800 75,900 100 213,800 190,400 12,700,200
Animal Care 0 0 88,200 0 0 0 0 88,200
Fire & Ambulance 8,254,900 2,999,000 187,200 123,100 500 258,300 11,100 11,834,100
Hydrant Rental 0 0 650,000 0 0 0 0 650,000
Auxiliary Police 0 0 1,900 0 0 2,900 0 4,800
Crossing Guards 74,600 5,700 0 0 0 300 0 80,600
Police & Fire Commission 0 0 13,400 0 0 200 0 13,600
TOTAL PUBLIC SAFETY 16,927,200 6,383,200 1,184,500 199,000 600 475,500 201,500 25,371,500
PUBLIC WORKS
Public Works - Administration 270,100 100,200 3,000 200 200 800 0 374,500
Engineering 785,500 361,900 23,900 4,000 200 14,400 0 1,189,900
Streets - General 1,427,200 720,800 88,900 5,000 800 463,500 0 2,706,200
Central Garage 405,000 199,100 82,100 140,900 500 1,119,000 0 1,946,600
TOTAL PUBLIC WORKS 2,887,800 1,382,000 197,900 150,100 1,700 1,597,700 0 6,217,200
PARKS & OTHER FACILITIES
Parks 887,800 374,600 48,800 239,200 1,400 170,500 12,000 1,734,300
Forestry 209,300 85,500 9,000 0 100 27,500 0 331,400
TOTAL PARKS & OTHER FAC. 1,097,100 460,100 57,800 239,200 1,500 198,000 12,000 2,065,700
CITY OF OSHKOSH, WISCONSIN
2016 OPERATING BUDGET BY FUNCTION
130
PAYROLL - PAYROLL - CONTRAC-MATERIALS
DIRECT INDIRECT TUAL UTILITIES FIXED AND CAPITAL TOTAL
LABOR LABOR SERVICES CHARGES SUPPLIES OUTLAY BUDGET
COMMUNITY DEVELOPMENT
Assessor 284,500 108,700 180,000 3,000 100 4,200 0 580,500
Economic Development 309,600 134,300 210,200 1,700 0 5,100 0 660,900
Planning Services 520,300 165,100 24,700 700 0 4,300 0 715,100
Inspection Services 0 0 0 0 0 0 0 0
TOTAL COMMUNITY DEV.1,114,400 408,100 414,900 5,400 100 13,600 0 1,956,500
DEPT. OF TRANSPORTATION
Electric 303,900 108,000 12,500 40,500 1,000 43,300 0 509,200
Sign 96,400 33,700 11,400 4,900 0 63,300 0 209,700
TOTAL DEPT. OF TRANS.400,300 141,700 23,900 45,400 1,000 106,600 0 718,900
UNCLASSIFIED
Unemployment Compensation 0 25,000 0 0 0 0 0 25,000
Uncollectible Accounts 0 0 625,000 0 0 0 0 625,000
Employee Benefit Fees 0 0 12,000 0 0 0 0 12,000
Patriotic Celebration 0 0 20,000 0 0 0 0 20,000
Adjustment of Salaries 183,100 0 0 0 0 0 0 183,100
Health Ins Fund Surcharge 0 0 0 0 0 0 0 0
Unclassified Expenses 0 0 120,000 0 0 0 0 120,000
Mobile Home Tax 0 0 48,000 0 0 0 0 48,000
Industrial Development 0 0 0 0 0 0 0 0
TOTAL UNCLASSIFIED 183,100 25,000 825,000 0 0 0 0 1,033,100
TOTAL BUDGET 25,484,900 9,907,000 3,459,700 881,200 638,900 2,598,200 247,900 43,217,800
Budget for Recycling 247,500 76,300 441,800 300 1,800 87,200 170,700 1,025,600
Budget for Garbage Collect & Disp 343,400 171,100 594,000 0 12,700 131,700 0 1,252,900
Budget for Street Lighting 0 0 0 1,100,000 0 51,700 0 1,151,700
Budget for Senior Services 326,000 122,500 44,500 57,700 7,500 5,500 16,000 579,700
Budget for "GO" Transit Utility 1,691,100 756,900 1,576,900 41,000 111,600 449,700 68,000 4,695,200
Budget for Library 1,888,000 663,300 396,000 130,400 17,300 406,800 0 3,501,800
Budget for Museum 635,800 300,500 59,800 54,500 13,400 55,800 0 1,119,800
Budget for Grand Opera House 0 0 14,000 0 7,600 1,100 0 22,700
Budget for Cemetery 217,700 93,900 7,100 34,800 8,100 25,600 6,000 393,200
Budget for Leach Amphitheater 9,000 700 20,200 23,500 100 20,600 0 74,100
Budget for Pollock Comm Wtr Park 45,000 3,400 154,600 65,700 7,800 58,800 12,000 347,300
Budget for Equipment Fund 0 0 0 0 0 0 915,900 915,900
TOTAL OPERATING BUDGET 30,888,400 12,095,600 6,768,600 2,389,100 826,800 3,892,700 1,436,500 58,297,700
131
CITY OF OSHKOSH
PER $1,000 2015 2014 INCREASE
OF TAXES TAX RATE TAX RATE (DECREASE)
State 0.648 % $ 0.169 $ 0.169 $ 0.000
County 20.817 5.429 5.548 (0.119)
Area Schools 36.729 9.579 9.737 (0.158)
Area Vocational 4.279 1.116 1.116 0.000
City Tax 37.527 9.787 9.562 0.225
100.000 $ 26.080 $ 26.132 $ (0.052)
State Credit 1.545 1.293 0.252
$ 24.535 $ 24.839 $ (0.304)
2016 LEVY - 2015 TAX RATE
State
0.648%
County
20.817%
Area Schools
36.729%Area
Vocational
4.279%
City Tax
37.527%
132
CITY OF OSHKOSH
2016 2015 INCREASE
SOURCE OF FUNDS AMOUNT PER CENT PER CENT (DECREASE)
Property Tax Levy $ 34,286,700 48.28% 47.54% 0.74%
Other Tax Revenue 1,354,800 1.91% 3.18%‐1.27%
State Expenditure Restraint Revenue 1,176,800 1.66% 1.61% 0.05%
State Shared Revenue 9,680,200 13.63% 13.80%‐0.17%
Aid to Local Streets 3,197,800 4.50% 4.33% 0.17%
Other State & County Aids 1,556,000 2.19% 2.10% 0.09%
Licenses, Permits, Fines 1,183,600 1.67% 2.82%‐1.15%
Interdepartmental Charges 3,679,300 5.18% 17.68%‐12.50%
Interest on Investments / Special Assessments 316,600 0.44% 0.53%‐0.09%
Miscellaneous Revenue 180,100 0.25% 0.20% 0.05%
Charges for Services 4,785,700 6.74% 6.21% 0.53%
Other Fund Revenues 9,622,600 13.55% 0.00% 13.55%
$71,020,200 100.00%100.00%
SOURCE OF FUNDS
Property Tax Levy
48.28%
Other Tax Revenue
1.91%
State Expenditure
Restraint Revenue
1.66%
State Shared Revenue
13.63%
Aid to Local Streets
4.50%
Other State & County
Aids
2.19%
Licenses, Permits,
Fines
1.67%
Interdepartmental
Charges
5.18%
Interest on
Investments / Special
Assessments
0.44%
Miscellaneous
Revenue
0.25%
Charges for Services
6.74%Other Fund Revenues
13.55%
133
CITY OF OSHKOSH
2016 2015 INCREASE
USE OF FUNDS AMOUNT PER CENT PER CENT (DECREASE)
Parks 2,440,100 3.44%3.35%0.09%
Debt Services 19,565,700 27.54%27.18%0.36%
Library, Museum, GOH 3,591,500 5.06%4.85%0.21%
Miscellaneous 1,966,700 2.77%2.60%0.17%
Police 12,880,600 18.14%18.06%0.08%
Transportation 2,576,000 3.63%3.51%0.12%
Fire and Ambulance 12,490,900 17.59%17.60%-0.01%
General Government 5,854,900 8.24%8.01%0.23%
Public Works 7,420,900 10.45%10.71%-0.26%
Community Development 1,956,500 2.75%3.73%-0.98%
Senior Services 276,400 0.39%0.40%-0.01%
$71,020,200 100.00%100.00%
USE OF FUNDS
Parks
3.44%
Debt Services
27.54%
Library, Museum,
GOH
5.06%
Miscellaneous
2.77%
Police
18.14%
Transportation
3.63%
Fire and
Ambulance
17.59%
General
Government
8.24%
Public Works
10.45%
Community
Development
2.75%
Senior Services
0.39%
134
CITY OF OSHKOSH
AMOUNT PER CENT
Payroll - Direct Labor $ 30,888,400 39.76 %
Agency Funds 17,700 0.02
Payroll - Indirect Labor 12,095,600 15.66
Fixed Charges 826,800 1.05
Debt Retirement 19,565,700 24.93
Contractual Services 6,768,600 8.73
Utilities 2,389,100 3.05
Materials & Supplies 3,892,700 4.97
Capital Outlay 1,436,500 1.83
$ 77,881,100 100.00 %
2016 BUDGET - USE OF FUNDS BY FUNCTION
Payroll ‐Direct Labor
39.76%
Agency Funds
0.02%
Payroll ‐Indirect
Labor
15.66%
Fixed Charges
1.05%
Debt Retirement
24.93%
Contractual Services
8.73%
Utilities
3.05%
Materials & Supplies
4.97%Capital Outlay
1.83%
135