HomeMy WebLinkAbout2019CAFR
City of
Oshkosh
ANNUAL FINANCIAL REPORT
Including Auditor’s Report
For the fiscal year ending
December 31, 2019
City of Oshkosh, Wisconsin
DECEMBER 31, 2019
Table of Contents
INTRODUCTORY SECTION
Letter of Transmittal 1
Organizational Chart 11
The City 12
INDEPENDENT AUDITORS’ REPORT 13
MANAGEMENT’S DISCUSSION AND ANALYSIS 15
BASIC FINANCIAL STATEMENTS
Government-wide Financial Statements
Statement of Net Position 22
Statement of Activities 23
Fund Financial Statements
Balance Sheet - Governmental Funds 25
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds 28
Statement of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual - General Fund 31
Statement of Net Position - Proprietary Funds 32
Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds 36
Statement of Cash Flows - Proprietary Funds 38
Statement of Fiduciary Net Position - Fiduciary Funds 42
Statement of Changes in Net Position - Fiduciary Funds 43
Notes to Basic Financial Statements 44
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Changes in Total OPEB Liability and Related Ratios 80
Schedule of Proportionate Share of Net Pension Liability (Asset) - Wisconsin Retirement System 81
Schedule of Contributions - Wisconsin Retirement System 81
Schedule of Proportionate Share of Net OPEB Liability - Local Retiree Life Insurance Plan 82
Schedule of Contributions - Local Retiree Life Insurance Plan 82
Notes to Required Supplementary Information 83
City of Oshkosh, Wisconsin
DECEMBER 31, 2019
SUPPLEMENTARY INFORMATION
Combining Balance Sheet - Nonmajor Governmental Funds 84
Combining Statement of Revenues, Expenditures and Changes in Fund Balances -
Nonmajor Governmental Funds 100
Combining Statement of Net Position - Nonmajor Enterprise Funds 116
Combining Statement of Revenues, Expenses and Changes in Net Position - Nonmajor Enterprise Funds 118
Combining Statement of Cash Flows - Nonmajor Enterprise Funds 120
Combining Statement of Net Position - Internal Service Funds 122
Combining Statement of Revenues, Expenses and Change in Net Position - Internal Service Funds 123
Combining Statement of Cash Flows - Internal Service Funds 124
Combining Statement of Net Position - Custodial Funds 125
Combining Statement of Changes in Net Position - Custodial Fund 126
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual -
Debt Service Fund 127
Special Assessment Improvement 128
Committee on Aging 129
Business Improvement District 130
Recycling 131
Street Lighting 132
Library 133
Museum 134
Cemetery 135
Community Development Block Grant 136
Local Revolving Loan Program 137
Senior Center Revolving Loans 138
Bicycle 139
Police Special 140
Fire/Safety 141
Police Asset Forfeiture 142
Federal Police Asset Forfeiture 143
EMS Fire Grant 144
Historical Marker 145
Community Development Special 146
Parks Revenue Facilities 147
Leach Amphitheater 148
Public Works Special 149
City of Oshkosh, Wisconsin
DECEMBER 31, 2019
Garbage Disposal 150
Pollock Water Park 151
Healthy Neighborhood Initiative 152
Rental Inspections 153
Street Tree 154
Equipment 155
Park Improvement 156
Grand Opera 157
Parking Ramp 158
TIF #8 S Aviation Industrial 159
TIF #10 Main and Washington 160
TIF #11 Oshkosh Office Center 161
TIF #12 Division Street 162
TIF #13 Marion Road/ Pearl Ave. 163
TIF #14 Mercy Medical 164
TIF #15 Park Plaza 165
TIF #16 100 Block Redevelopment 166
TIF #17 City Centre 167
TIF #18 SW Industrial #3 168
TIF #19 NW Industrial Expansion 169
TIF #20 South Side Fox River 170
TIF #21 Fox River Corridor 171
TIF #23 SW Industrial Park 172
TIF #24 Oshkosh Corp 173
TIF #25 City Center Hotel 174
TIF #26 Aviation Business Park 175
TIF #27 North Main Street 176
TIF #28 Beach Building Redevelopment 177
TIF #29 Morgan District 178
TIF #30 Washington Building 179
TIF #31 Buckstaff Redevelopment 180
TIF #32 Granary Redevelopment 181
TIF #33 Lamico Redevelopment 182
TIF #34 Oshkosh Corp Headquarters 183
TIF #35 Oshkosh Ave. Corridor 184
City of Oshkosh, Wisconsin
DECEMBER 31, 2019
TIF #36 Merge Redevelopment 185
TIF #37 Aviation Plaza 186
TIF #38 Pioneer Redevelopment 187
STATISTICAL SECTION
Net Position 188
Changes in Net Position 189
Fund Balances, Governmental Funds 191
Changes in Fund Balance, Governmental Funds 192
Assessed and Estimated Actual Value of Taxable Property 193
Property Tax Rates - Direct and Overlapping Governments 194
Principal Taxpayers 195
Property Tax Levies and Collections 196
Outstanding Debt by Type 197
Ratios of Net General Bonded Debt Outstanding 198
Direct and Overlapping Governmental Activities Debt 199
Legal Debt Margin Information 200
Pledged-Revenue Coverage
Water Revenue Bonds 201
Sewer Revenue Bonds 202
Storm Water Revenue Bonds 203
Demographic and Economic Statistics 204
Principal Employers 205
Full-time Equivalent City Government Employees by Function / Program 206
Capital Asset Statistics by Function / Program 207
Operating Indicator by Function / Program 208
Economics - Population, Building Permits, and Utility Customers 209
New Dwelling Units Constructed 210
Utility Information 211
Budgeted Revenues 214
Operating Budget by Function 218
Pie Charts -
Levy Rate 219
Source of Funds (Where the Money Comes From) 220
Use of Funds (Where the Money Goes) 221
Use of Funds by Function (How the Money Goes) 222
City of Oshkosh, Wisconsin
DECEMBER 31, 2019
ADDITIONAL INDEPENDENT AUDITORS’ REPORT FOR BASIC FINANCIAL STATEMENTS
Independent Auditors’ Report on Internal Control Over Financial Reporting and on Compliance and
Other Matters Based on an Audit of Financial Statements Performed in Accordance with
Government Auditing Standards 223
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
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July 31, 2020
Honorable Mayor and Council Members, City of Oshkosh:
The Comprehensive Annual Financial Report for the fiscal year ended December 31, 2019, has been
prepared to provide readers detailed information concerning the financial condition of the City of
Oshkosh. This report was prepared by the City’s Department of Finance. Responsibility for both the
accuracy of the data and the completeness and fairness of the presentation, including all disclosures,
rests with the City. We believe the information contained herein is accurate in all material respects. In
addition, we believe the information 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.
THE REPORTING ENTITY
The Governmental Accounting Standards Board (GASB) outlines criteria by which financial information
must be supplied by the primary government. Criteria include 1) the primary government’s finances; 2)
organizations for which the primary government is financially responsible; and 3) other organizations for
which the nature and significance of their relationship with the primary government are such that
exclusion would cause the reporting entity’s financial statement to be misleading or incomplete.
This report includes all of the funds and component units of the City of Oshkosh as defined by the
criteria for reporting units.
General Fund x Accounts for the general operation of the City of Oshkosh
Special
Revenue
Funds
x Committee on Aging
x Business Improvement
x Recycling
x Street Lighting
x Library
x Police Special
x Fire/Safety
x Police Asset Forfeiture
x Federal Police Asset
Forfeiture
x Community Develop Spec
x Leach Amphitheater
x Garbage Disposal
x Public Works Spec
x Museum,
x Cemetery
x Community Development Block
Grant
x Rental Rehab Loan Program
x Senior Center Revolving Loans
x Bicycle
x EMS/Fire Grant
x Cable TV Franchise
x Historical Marker
x Parks Revenue
x Pollock Water Park
x Healthy Neighborhoods
x Rental Inspections
Debt Service
Fund
This fund accounts for the resources accumulated and payments made for the
principal and interest on long-term debt
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
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Capital
Projects
Funds
x Sidewalk Construction
x Street Trees
x Contract Control
x Park Improvements
x Mct Rochlin Park
Smokestack
x Grand Opera House
x TIF # 8 - 38
x Street Improvement
x Special Assessments
x Equipment Revolving
x Parks Subdivision
x Senior Center
x Parking Ramp Improvements
Enterprise
Funds
x Transit
x Water
x Parking
x Sewer
x Storm Water
x Oshkosh Redevelopment Project
Internal
Service Funds
x Hospital Insurance
x Workman’s Compensation
x Police Pension
x Fire Pension
Agency Funds x Tax Collection
The Redevelopment Authority is a component unit of the City, so this report include a discrete
presentation of their financial data. The Redevelopment Authority was created by the City Council in
2003 for the purpose of eliminating and preventing substandard, deteriorated and blighted area and
encouraging urban renewal, especially in the central city.
ECONOMIC CONDITIONS
Oshkosh is the perfect place for businesses to call home. With an impressive portfolio of top employers,
Oshkosh has the resources that businesses and entrepreneurs need to reach their goals and find
success.
The top ten employers are as follows:
Firm Type of Business/Product Estimated
Employees
Oshkosh Corporation Specialized Trucks 3591
Bemis Packaging 2600
UW-Oshkosh College 1486
Oshkosh Area School District Elementary and secondary
education
1418
Silver Star Brands Mail order distribution 1300
Aurora Medical Center Healthcare 1298
Winnebago County Government 1188
4 Imprint Advertising specialties 914
US Bank Financial Institution 750
Winnebago Mental Health
Institute
Healthcare 694
Rooted in manufacturing excellence, Oshkosh is committed to the continued diversification of our
manufacturing base in order to ensure and maintain a strong economic climate. Our focus for new
growth include:
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
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Aviation
Aviation is a big part of our heritage and it’s something we’d like to build upon. The Oshkosh region is
uniquely positioned to cultivate business in this sector because of our incredible assets: the
Experimental Aircraft Association (EAA) world headquarters, the annual AirVenture fly-in, a network of
four airports with a wide array of services and facilities, aviation education programming at Fox Valley
Technical College (FVTC), the University of Wisconsin Oshkosh (UW Oshkosh), a strong workforce, an
established supply chain and an already existing aviation business cluster. Advancing the development
of aerospace and aviation has been fully embraced by UW Oshkosh who founded the AeroInnovate
program in 2008 to foster innovation in the sector.
Grants from the U.S. Economic Development Administration (EDA) and the Department of Defense
Office of Economic Adjustment (DoD-OEA) have provided funding support for advancement of the
aerospace cluster initiative. In 2012, East Central Wisconsin Regional Planning Commission (ECRPC),
the city of Oshkosh and UW Oshkosh applied for and received a $2,000,000 grant from the EDA to
build the infrastructure needed at the Oshkosh Aviation Business Park. In 2013, following cuts in
defense spending, the region was awarded a planning grant from DoD-OEA (ORDIDI grant). The
purpose of the grant was twofold: first, to provide direct assistance to suppliers and employees in
Oshkosh and surrounding communities, and second, to assist with economy diversification efforts
already underway.
One diversification effort was the aerospace development cluster project. A portion of the ORDIDI grant
was allocated to provide funding to conduct an aerospace cluster study in Oshkosh and develop
an associated business plan. The study used industry trends, market opportunities and regional assets
to better focus efforts on specific areas of the aerospace/aviation industry.
Manufacturing
The Oshkosh-Neenah Metropolitan Statistical Area, (MSA) is home to over 300 manufacturing-related
businesses employing more than 22,000 people. In fact, manufacturing is the area’s top industry. The
economic base for Oshkosh and Winnebago County pertaining to manufacturing has a higher
concentration than does the industry in Wisconsin or nationally. As a result, as both a growth and
maturing industry, Oshkosh is focused on helping our employers through both opportunities and
challenges related to workforce development, international trade, supplier connections, innovation and
assistance with regulatory issues.
Information Technology
Information Technology is such an integral part of business today. Amplify Oshkosh is working to foster
awareness and growth of IT in our community. A study completed by Oshkosh community partners
called for Oshkosh to continue to provide the necessary resources to existing IT companies and local
entrepreneurs that want to grow their businesses in Oshkosh and the New North region. The presence
of a strong educational system, including UW-Oshkosh and Fox Valley Technical College, provides a
talent base for future employees, as well as core degree programs that will help the IT sector grow. We
have a growing network of IT professionals that is being fostered by the growth of these companies and
we have the basic infrastructure network in place that has allowed these companies to locate and grow
here.
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
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MAJOR INITIATIVES
The City of Oshkosh developed and
follow a Strategic Plan for 2019 and
2020. The Vision Statement for the
City is that Oshkosh is “A thriving and
sustainable community offering
abundant opportunities for work and
life.”
To reach that vision, the mission of
the City was to “provide goods and
services in pursuit of a safe and
vibrant community.”
The Strategic Plan was developed around six strategic goals: support economic development; provide
a safe, secure, and healthy community; enhance the effectiveness of our city government; improve and
maintain our infrastructure; enhance our quality of life services and assets; and strengthen our
neighborhoods.
Economic Development
The strategic goal is to be recognized as a premier community in Wisconsin by fostering
entrepreneurial activity, developing and retaining a diverse mix of employees and employment
opportunities, and revitalizing the downtown/central city area and the greater Oshkosh area. To
accomplish this goal the City objectives include:
A) Attract, expand, and retain business and workforce
B) Support redevelopment opportunities for central city, waterfront, underutilized properties in
the City, and busy corridors
C) Continue to develop infrastructure needed to support business and residential development
D) Promote and market the City of Oshkosh
E) Develop an effective economic development incentive program
Safe, Secure, and Healthy Community
The strategic goal is to create public safety officials who are trusted, efficient and effective
professionals. To accomplish this goal the City objectives include:
A) Enhance community trust in Public Safety
B) Strengthen relationships with neighborhood organizations and diverse community groups
C) Implement strategies and solutions for community risk reduction
D) Provide an appropriate level of response to emergencies
E) Improve the community’s ability to withstand and recover from disruptive events
F) Continue to improve strategies to address substance abuse in the community
G) Improve transportation safety within the community
H) Strengthen our professional and diverse workforce within public safety
I) Enhance crime prevention and community policing strategies
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
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Enhance the Effectiveness of City Government
The strategic goal is to maximize organizational efficiency by successfully achieving City initiatives. To
accomplish this goal the City objectives include:
A) Recruit, retain, engage, recognize, diversify and develop employees, future leaders and
volunteers
B) Increase varied programming to support organizational development
C) Maximize our financial position based on our capabilities and limitations
D) Improve our internal and external communication systems
E) Align internal departmental action plans to strategic plan
F) Align employee performance to department plans
G) Implement/Improve our performance and outcome measurers
H) Enhance local engagement with state legislators to increase local control
I) Strengthen partnerships and collaboration in diverse community groups (public/private)
Improve and Maintain Infrastructure
The strategic goal is that a safe and effective infrastructure that provides a framework for full scale
community enjoyment. To accomplish this goal the City objectives include:
A) Improve City streets, transit, bike, pedestrian and public utilities
B) Improve City storm water management
C) Execute clear water initiatives
D) Improve City buildings and energy efficiency
E) Update and Maintain City technology
F) Update and maintain City equipment
Enhance Quality of Life Services and Assets
The strategic goal is that natural, cultural and recreational assets of the city are recognized as a
sources of pride for the community. To accomplish this goal the City objectives include:
A) Implement Comprehensive Outdoor Recreation Plan (CORP)
B) Implement 2018 – 2019 Parks Strategic Plan
C) Continue to develop river walk – “Focus On the Water”
D) Enhance the Museum’s capacity to recognize, preserve, and interpret the history of our
community
E) Make progress towards the library’s vision of “A Library in Every Life”
F) Establish a long-term funding strategy to support and improve arts and culture
Strengthen Our Neighborhoods
The strategic goal is that neighborhoods throughout the community are attractive, well maintained, and
desirable places to live that inspire positive social interactions among residents. To accomplish this
goal the City objectives include:
A) Enhance and promote a culture of neighborhood
B) Leverage city resources and incentives to encourage private investment in neighborhoods
C) Build Awareness for neighborhood development
D) Increase owner investment and maintenance in property
E) Establish city inter-departmental teams for planning and completing neighborhood projects
F) Increase quality and diversity of housing stock
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
6
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.
All internal control evaluations occur within the above framework. We believe that the City's internal
accounting controls adequately safeguard assets and provide reasonable assurance of proper
recording of financial transactions.
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, 2019.
GENERAL GOVERNMENT FUNCTIONS
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.
City Administration
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 city, with policy direction from the
Common Council. Mr. Rohloff has over 35 years of experience in local government management.
The Finance Department is responsible for the following divisions: Finance, Collections, Accounting,
Payroll, Parking, and Water/Sewer/Storm Water Utilities. The department assists the City Manager in
preparing the City Budget and is responsible for the administration of budgeted funds. The Finance
Director is led by Russell Van Gompel, who is assisted by the Assistant Director of Finance, Jennifer
Messerschmidt, CPA, whose day-to-day responsibilities include supervising and participating in all
general, utility, and special accounting activities of the City.
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
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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 Wisconsin 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 Superintendent of
Schools, and School Board President.
DEPARTMENT OF PARKS – The Department of Parks develops and maintains the City’s 440 acres of park and
public areas including recreational facilities, Lakeshore Municipal Golf Course, urban Forestry, Riverside
Cemetery, Leach Amphitheater, Pollock Community Water Park, Menominee Park Zoo, multi-purpose trail
systems, river walk, round-a-bouts, and Seniors Center.
MASS TRANSIT – The Transit System (GO Transit), consists of 16 buses providing service over nine fixed-routes
in the City of Oshkosh. An additional intercity route provides service between Oshkosh and Neenah, WI. The
intercity route is provided by a contractor. The buses travel over 550,000 miles annually. The transit system also
provides four paratransit programs for the community through a service contract. In total, over 1 million rides are
provided each year. A seven-member Transit Advisory Board and the Oshkosh Common council govern the
activities of GO Transit.
PARKING UTILITY – The Parking Utility operates nineteen off-street parking lots, containing 1,679 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.
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
8
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 firefighting 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 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 Storm Water Utility is responsible for managing storm water runoff generated within the City of Oshkosh. In
addition to providing flood reduction benefits, the Storm Water Utility is required to comply with the requirements
of the Federal Clean Water Act, administered by the Wisconsin Department of Natural Resources. These
requirements include reducing the amount of pollution discharging into Lake Winnebago from the storm water
generated within the City of Oshkosh.
DEPARTMENT OF TRANSPORTATION – The Department of Transportation maintains and installs all signs,
pavement markings, lighting systems, fiber optics, and traffic signals for public streets, parks and city buildings.
City Employees
The City employs approximately 523 full-time, 95 part-time, and 85 seasonal employees. Of which 14 are officials
or administrators, 46 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 2020. All eligible full-time and
part-time City employees participate in the Wisconsin Retirement System, with limited seasonal staff 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. The City’s total contribution to the Retirement Fund was $3,553,329 for
the year ended December 31, 2019.
In addition to the above referenced retirement fund, the State administers a plan for four 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, 2019 was $13,774.
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.
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
9
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 2019 was:
AMOUNT
RATIO OF DEBT TO
EQUALIZED VALUE DEBT PER CAPITA
Direct Bonded Debt $130,216,915 3.09%$1,938
Outstanding general obligation bonds at December 31, 2019 totaled $130,216,915. Below is a chart
that includes all general obligation debt by activity:
Equalized valuation of $4,211,595,500 represented an increase of 3.39% from the preceding year.
The City’s investment rating by Moody’s Investors Service as of December 31, 2019 was an Aa3 rating
CAPITAL PROJECTS FUNDS
The proceeds of general obligation bond issues are accounted for in Capital Projects Funds until
improvement projects are completed. At the end of the fiscal year, completed projects are accumulated
in the capital asset category for Governmental Activity Funds.
GeneralͲ 0401,
87,724,818
LibraryͲ 0239,410,000
SplAssmtͲ 0317,
6,640,000
TIDDISTRICTS,
18,411,098WaterGOͲ0541,
3,815,000
SewerGOͲ 0551,
5,470,000
StormGOͲ 0561,
4,535,000
TransitGOͲ 0511,
1,026,000
ParkingGOͲ
0509,25,000
IndParkGOͲ 0515,
500,000
ConvCtrGOͲ 0503,
1,660,000
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
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INDEPENDENT AUDIT
The City is required to have an annual audit of its financial statements by independent certified public
accountants selected by the City Council. All audit requirements have been complied with and the
auditor's opinions have been included in this report. The unmodified opinions expressed by the auditor,
on the City's financial statements, is an assertion that there have been no irresolvable restrictions on
the scope of the auditors’ examination and the auditors have no significant exceptions as to the
accounting principles reflected in the financial statements, the consistency of application of accounting
principles, and the adequacy of information disclosures in the financial statements.
ACKNOWLEDGMENTS
The preparation of this report on a timely basis could not be accomplished without the efficient and
dedicated services of the entire staff of the Department of Finance. We would like to express our
appreciation to all members of the Department who assisted and contributed to its preparation. We
would also thank the members of the City Council for their interest and support in planning and
conducting the financial operations of the City of Oshkosh in a responsible and progressive manner.
Respectfully submitted,
CITY OF OSHKOSH
MARK A. ROHLOFF, City Manager
RUSSELL VAN GOMPEL, ICMA-CM, Finance Director
JENNIFER L. MESSERSCHMIDT, CPA, Assistant Director of Finance
11
ORGANIZATIONAL CHART
The Voters
Mayor &
City Council
CityManager
Administrative
Services CityClerk
Community
Development Finance
Fire Legal
Library Museum
Parks Police
PublicWorks Transportation
12
OSHKOSH, WISCONSIN
The City of Oshkosh was incorporated in 1853 and is the County seat of Winnebago County. It 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 66,717.
Oshkosh is the perfect place for businesses to call home. With an
impressive portfolio of top employers, Oshkosh has the resources that
businesses and entrepreneurs need to reach their goals and find success.
Oshkosh is home to many successful businesses that are powered by the
area’s exceptional workforce.
The Oshkosh-Neenah Metropolitan Statistical Area (MSA) has a
population of 167,860 according to the U.S. Census reports from 2013.
The MSA also has a civilian labor force size of 93,243, according to the
U.S. Bureau of Labor Statistics.
The city plays host to hundreds of local, regional, national and international events each year—Oshkosh
is, after all, Wisconsin’s Event City.
GENERAL GOVERNMENT FUNCTIONS
The City's government consists of a City Manager who is employed by the Mayor and Council of
6 members who are elected at large to a two term-year term.
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.
COUNCIL MEMBERS AND PRINCIPAL OFFICERS
COUNCIL MEMBERS
Name Title
Lori Palmeri Mayor
Jake Krause Deputy Mayor
Debra Allison-Aasby Council Member
Michael Ford Council Member
Matt Mugerauer Council Member
Bob Poeschl Council Member
Lynnsey Erickson Council Member
PRINCIPAL OFFICERS
Name Title
Mark A. Rohloff City Manager
Russ Van Gompel Director of Finance
Jennifer L. Messerschmidt,
CPA
Asst. Director of Finance
CliftonLarsonAllen LLP
CLAconnect.com
13
Independent auditors’ report
To the Common Council
City of 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, 2019, and the related notes to the financial
statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.
MANAGEMENT’S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS
Management is responsible for the preparation and fair presentation of these financial statements in accordance with
accounting principles generally accepted in the United States of America; this includes the design, implementation, and
maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free
from material misstatement, whether due to fraud or error.
AUDITORS’ RESPONSIBILITY
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in
accordance with auditing standards generally accepted in the United States of America and the standards applicable to
financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States.
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of
material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the
auditors consider internal control relevant to the City’s preparation and fair presentation of the financial statements in
order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the City’s internal control. Accordingly, we express no such opinion. An audit also
includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting
estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinions.
OPINIONS
In our opinion, the financial statements referred to above present 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, 2019, and the respective changes in
financial position and, where applicable, cash flows thereof and the budgetary comparison for the General Fund for the
year then ended in accordance with accounting principles generally accepted in the United States of America.
14
EMPHASIS OF MATTER
As described in Note 1.C., during 2019, the City adopted new accounting guidance, Statement No. 84, Fiduciary
Activities. In prior years, these amounts were reported in the general fund. 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 15 through 21 and the schedules relating to pensions and other postemployment benefits on pages
80 through 82 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.
OTHER REPORTING REQUIRED BY GOVERNMENT AUDITING STANDARDS
In accordance with Government Auditing Standards, we have also issued our report dated July 31, 2020, 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 solely
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 effectiveness of 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.
CliftonLarsonAllen LLP
Wausau, Wisconsin
July 31, 2020
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
15
This discussion and analysis of the financial performance of the City of Oshkosh is intended to provide an
overview of the City’s financial activities for the fiscal year ended December 31, 2019. Readers are
encouraged to consider the information presented here in conjunction with the additional information as
furnished in the letter of transmittal and the financial statement which begin on page 1.
Financial Highlights
x The assets and deferred outflows of resources of the governmental activities of the City exceeded
its liabilities and deferred inflows of resources by $124,451,246 (net position) as of December 31,
2019. Of this amount, $44,024,834 may be used to meet the City’s ongoing obligations to citizens
and creditors.
x During 2019, the City’s governmental activities net position increase by $5,572,637 from 2018, or
approximately 5%.
x As of December 31, 2019, the City’s governmental funds reported combined ending fund balances
of $68,800,615, an increase of $6,831,729. Approximately 50% of this total amount, $34,184,498
is available for spending at the City’s discretion (assigned and unassigned fund balance).
x At the close of 2019, the unassigned fund balance for the general fund was $14,256,427, or
approximately 31% of total general fund expenditures. The general fund unassigned balance
increase by $2,439,308 from 2018.
x The City’s total general-obligation debt decrease by $-2,571,690 (-1.9%) during 2019. The key
factor in this decrease was the issuance of $21,340,000 of general obligation debt and $23,911,690
of principal payments of general obligation debt.
Overview of the Basic Financial Statements
Management’s Discussion and Analysis serves 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.)
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, storm water utility and inspection services.
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.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
16
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 73 individual governmental funds. Information is presented separately in the
governmental fund balance sheet and in the governmental fund statement of revenues, expenditures and
changes in fund balances for the general fund, debt service fund, and special assessment improvement
funds which are considered to be major funds. Data from the other 70 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, certain special revenue funds, and the
debt service fund. As part of the basic governmental fund financial statements, budgetary comparison
statements have been provided for the general fund to demonstrate compliance with the budget.
Proprietary funds. The City maintains two different types of proprietary funds. Enterprise funds are used
to report the same functions presented as business-type activities in the government-wide financial
statements. The City maintains 9 individual enterprise funds. Internal service funds are an accounting
device used to accumulate and allocate costs internally among the City’s various functions. The City
maintains 4 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.
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 5 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 4 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.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
17
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 $352,299,547 and $334,101,246 at the close of 2019 and 2018,
respectively.
2019 2018 2019 2018 2019 2018
Current and other assets 137,948,706$ 136,650,822$ 88,889,731$ 81,942,261$ 226,838,437$ 218,593,083$
Capital assets 163,897,519 158,239,206 357,345,319 343,328,127 521,242,838$ 501,567,333$
Total assets 301,846,225 294,890,028 446,235,050 425,270,388 748,081,275 720,160,416
Deferred outflows of resources 28,333,489 15,966,286 4,923,720 2,883,482 33,257,209 18,849,768
Long-term liabilities outstanding 137,045,359 125,252,931 216,721,665 206,001,644 353,767,024 331,254,575
Other liabilities 9,521,850 8,211,833 3,282,726 3,206,293 12,804,576 11,418,126
Total liabilities 146,567,209 133,464,764 220,004,391 209,207,937 366,571,600 342,672,701
Deferred inflows of resources 59,161,259 58,512,941 3,306,078 3,723,296 62,467,337 62,236,237
Net position:
Net investment in capital assets 47,319,281 43,812,963 145,221,685 140,276,752 192,540,966 184,089,715
Restricted 33,107,131 27,951,509 16,792,800 16,279,781 49,899,931 44,231,290
Unrestricted 44,024,834 47,114,137 65,833,816 58,666,104 109,858,650 105,780,241
Total net position 124,451,246$ 118,878,609$ 227,848,301$ 215,222,637$ 352,299,547$ 334,101,246$
City of Oshkosh's Net Position
December 31, 2019 and 2018
Governmental Activities Business-type Activities Total Primary Government
By far the largest portion of the City’s net position (55%) and (55%) for 2019 and 2018, 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 (14%) and (13%) for 2019 and 2018, respectively, represents
resources that are subject to external restrictions on how they may be used. The remaining balance of
unrestricted net position ($109,858,650) and ($105,780,241) for 2019 and 2018, respectively, may be used
to meet the City’s ongoing obligations to citizens and creditors.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
18
Change in net position. Governmental activities increased the City’s net position by $5,572,637 in 2019
and increased by $19,127,459 in 2018. Business-type activities increased the City’s net position by
$12,625,664 in 2019 and by $17,005,474 in 2018. Total net position of the City increased in 2019 by
$18,198,301 and in 2018 by $36,132,933. Key elements of this change are as follows:
2019 2018 2019 2018 2019 2018
Revenues:
Program revenues:
Charges for services 12,421,283$ 12,154,228$ 46,500,572$ 44,365,194$ 58,921,855$ 56,519,422$
Operating grants & contributions 7,296,173 7,382,098 4,226,850 3,110,752 11,523,023 10,492,850
Capital grants & contributions 2,574,279 5,997,060 1,911,582 5,085,796 4,485,861 11,082,856
General revenues
Property & other taxes 42,712,123 44,127,381 947,700 920,600 43,659,823 45,047,981
Grants & contributions not
restricted to specific programs 13,092,274 14,004,464 - - 13,092,274 14,004,464
Other 3,599,338 1,338,740 1,316,897 2,959,743 4,916,235 4,298,483
Total revenues 81,695,470 85,003,971 54,903,601 56,442,085 136,599,071 141,446,056
Expenses:
General government 7,206,740 6,994,718 - - 7,206,740 6,994,718
Public safety 31,705,030 28,413,351 - - 31,705,030 28,413,351
Public works 15,888,569 13,759,356 - - 15,888,569 13,759,356
Transportation 1,081,675 712,193 - - 1,081,675 712,193
Health & Human Services 1,013,157 934,016 - - 1,013,157 934,016
Culture & recreation 9,395,932 9,363,655 - - 9,395,932 9,363,655
Conservation & development 8,690,720 2,398,993 - - 8,690,720 2,398,993
Unclassified 875,692 1,149,873 - - 875,692 1,149,873
Interest & Fiscal charges 3,267,500 3,521,757 - - 3,267,500 3,521,757
Transit utility - - 5,373,317 5,252,110 5,373,317 5,252,110
Water utility - - 11,119,434 10,863,872 11,119,434 10,863,872
Sewer utility - - 12,647,065 11,962,807 12,647,065 11,962,807
Storm water utility - - 7,184,160 6,911,334 7,184,160 6,911,334
Non Major Funds - - 2,951,779 3,075,088 2,951,779 3,075,088
Total expenses 79,125,015 67,247,912 39,275,755 38,065,211 118,400,770 105,313,123
Transfers 3,002,182 1,371,400 (3,002,182) (1,371,400) - -
Total expenses and transfers 76,122,833 65,876,512 42,277,937 39,436,611 118,400,770 105,313,123
Change in net position 5,572,637 19,127,459 12,625,664 17,005,474 18,198,301 36,132,933
Net position - January 1 118,878,609 99,751,150 215,222,637 198,217,163 334,101,246 297,968,313
Prior period adjustment - - - - - -
Net position - January 1, restated 118,878,609 99,751,150 215,222,637 198,217,163 334,101,246 297,968,313
Net position - December 31 124,451,246$ 118,878,609$ 227,848,301$ 215,222,637$ 352,299,547$ 334,101,246$
Governmental Activities Business-type Activities Total Primary Government
City of Oshkosh's Change in Net Position
For Years Ended December 31, 2019 and 2018
Property and other taxes decreased by $-1,388,158 (-3.1%) and increased by $1,616,167 (3.7%) in 2018.
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.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
19
As of December 31, 2019 and 2018, the City’s governmental funds reported combined ending fund
balances of $68,800,615 and $61,968,886, an increase of $6,831,729 and an increase of $9,705,178 in
2018. Of the total fund balance, $4,338,322 and $2,774,320 constitutes unassigned fund balance, which
is available for spending at the City’s discretion. The remainder of fund balance is nonspendable, restricted,
committed or assigned to indicate that it is not available for new spending because it has already been
committed as follows:
2019 2018
Nonspendable
Inventories and prepaid items 150,934$ 83,851$
Receivables from other funds 703,921 -
Total nonspendable 854,855$ 83,851$
Restricted for
Construction of assets 12,774,151$ 14,305,655$
Debt service 2,189,515 1,092,465
Special purposes 2,794,012 5,915,198
Trust agreements 11,272,813 10,355,777
Total restricted 29,030,491$ 31,669,095$
Committed to
Special purposes 4,541,964$ 5,000,463$
Assigned to
Subsequent year's budget 49,180$ 161,205$
Special purposes 5,508,363 -
Construction of assets 24,477,440 22,279,952
Total assigned 30,034,983$ 22,441,157$
City of Oshkosh's Governmental Fund Balances
Details of these fund balance categories can be found in Note J – Fund Equity.
The general fund is the chief operating fund of the City. At the end of 2019 and 2018, unassigned fund
balance of the general fund was $14,256,427 and $11,817,119, respectively, while total fund balance
reached $14,456,541 and $12,062,175 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 31% and 31% of total general fund expenditures.
The fund balance of the City’s general fund increased by $2,394,366 in 2019.
The debt service fund has a total fund balance of $2,189,515 as of December 31, 2019, an increase of
$1,097,050 from December 31, 2018.
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 2019 and 2018 amounted to $65,833,816
and $58,666,104, respectively. Net position increased $12,625,664 in 2019 and increased $17,005,474 in
2018.
Other factors concerning the finances of these funds have already been addressed in the discussion of the
City’s business-type activities.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
20
General Fund Budgetary Highlights
Generally the original budget is rarely modified.
During 2019 actual revenues were greater than budgeted revenues by $1,998,483, primarily in
intergovernmental charges for services. Actual expenditures were less than budgeted by $470,743 which
left a total budget unspent of $2,469,226.
During 2018 actual revenues were less than budgeted revenues by $1,383,229, primarily in public charges
for services and intergovernmental revenue. Actual expenditures were less than budgeted by $173,754,
which left a total budget unspent of $1,556,983.
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, 2019 and 2018, amounted to $521,242,837and $501,567,381 (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 $19,675,456 or 4% for 2019 and increased by
$25,282,873 or 5% for 2018.
Major capital asset acquired or constructed during the years ended 2019 and 2018 include:
x The governmental activities include constructed streets in the amount of $8,184,402 and
$8,827,616, purchased land in the amount of $1,326,310 and $0, vehicles in the amount of
$1,295,133 and $461,477, and building improvements and contents in the amount of $444,605 and
$4,463,567, respectively.
x The business-type activities purchased additional land and improvements in the amount of $0 and
$0, and improvements to water, sewer and storm water utilities in the amount of $11,337,010 and
$9,522,041, respectively.
2019 2018 2019 2018 2019 2018
Land 20,787,450$ 21,036,008$ 12,787,605$ 12,821,920$ 33,575,055$ 33,857,928$
Construction in progress 3,925,983 5,728,640 16,421,290 5,613,801 20,347,273 11,342,441
Buildings & systems 49,085,468 48,848,996 299,609,488 296,573,131 348,694,956 345,422,127
Infrastructure 62,963,046 57,098,374 - - 62,963,046 57,098,374
Machinery and equipment 27,135,572 25,527,236 28,526,936 28,319,275 55,662,508 53,846,511
Total 163,897,519$ 158,239,254$ 357,345,319$ 343,328,127$ 521,242,838$ 501,567,381$
City of Oshkosh's Capital Assets
Governmental Activities Business-type Activities Total Primary Government
Long-term debt. At the end of 2019 and 2018, the City had total bonded debt outstanding of
$318,982,982and $311,056,385, respectively. Of this amount, $130,216,914and $132,788,606,
respectively, comprises debt backed by the full faith and credit of the government. The remainder of the
City’s debt represents bonds secured solely
2019 2018 2019 2018 2019 2018
General obligation debt:
Bonds & notes 113,185,916$ 112,180,096$ 17,031,000$ 20,608,510$ 130,216,916$ 132,788,606$
Total general obligation debt 113,185,916 112,180,096 17,031,000 20,608,510 130,216,916 132,788,606
Revenue bonds - - 188,766,068 178,267,779 188,766,068 178,267,779
Total 113,185,916$ 112,180,096$ 205,797,068$ 198,876,289$ 318,982,984$ 311,056,385$
City of Oshkosh's Outstanding Debt
Governmental Activities Business-type Activities Total Primary Government
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
21
The City’s total debt increased by $7,926,599 (2.5%) in 2019 and decreased by $8,545,659 (-2.7%) in 2018.
The City maintains an Aa3 rating from Moody’s Investors Service for its general obligation debt as of
December 31, 2019. 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, 2019.
State statutes limit the amount of general obligation debt the City may issue to 5% of its total equalized
valuation. The debt limitation for 2019 and 2018 for the City was $ 210,579,775 and $203,684,130,
respectively, which is significantly in excess of the City’s $130,216,914 and $132,788,606 outstanding
general obligation debt.
Economic Factors and Next Year’s Budgets and Rates
The City of Oshkosh is located in northeastern Wisconsin along the western shores of Lake Winnebago.
Oshkosh has the resources that business and entrepreneurs need to reach their goals and find success.
Oshkosh is home many successful businesses that are powered by the area’s exceptional workforce. The
City plays host to hundreds of local, regional, national and international events each year.
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.
The City adopts operating budgets for its governmental funds (General, Special Revenue, Debt Service,
and Capital Projects) and enterprise funds (Water, Sewer, and Stormwater Utilities). The 2020 fiscal year
combined operating budget includes $147.2 million in projected revenues and $137 million in projected
expenditures and transfers.
Funding for the operating budget of the City is provided from many sources, including property taxes, room
taxes, grants and aids from the State and County, user fees, permits and licenses, fines, and other
miscellaneous revenues. Several revenue sources are more sensitive to economic factors, in particular
building permits, room taxes and investment earnings. The 2020 budget was developed to consider then
current expectations for such revenue sources compared to 2019 actual results, reflecting the economic
outlook at that time coupled with known development projects. Comparatively strong new construction
values provided property tax levy flexibility, which is expected to continue for the 2021 budget.
Expenditures for salaries, which represent the single largest operating cost, continue to be moderate given
the low inflation economy and active labor relations efforts. An additional factor limiting such costs was the
passage of Wisconsin Act 10 in 2011 which mandated employee payment of pension contributions for most
employee groups. All eligible city employees contributed towards the pension program. The City’s ongoing
cost control efforts towards management of health care costs resulted in no increase in budgeted health
care premium contributions charged to department budgets. The 2020 operating budget does not contain
significant major initiatives. Capital budgets maintained an emphasis on enhancing maintenance of City
facilities and infrastructure.
In December 2019, a novel strain of coronavirus was reported in Wuhan, Hubei province, China. In the first
several months of 2020, the virus, SARS-CoV-2, and resulting disease, COVID-19, spread to the United
States, including to areas impacting the City. The City’s evaluation of the effects of these events is ongoing;
however we anticipate this situation could negatively impact a number of revenue streams, including hotel
room taxes, permits, investment revenue and potentially a variety of state aid resources. The extent of the
impact of COVID-19 on the City’s operational and financial performance will depend on future
developments, including the duration and spread of the outbreak and related governmental or other
regulatory actions.
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.
22
City of Oshkosh, Wisconsin
STATEMENT OF NET POSITION
DECEMBER 31, 2019
WITH SUMMARIZED FINANCIAL INFORMATION AS OF DECEMBER 31, 2018
Com onent
Unit
Governmental Business-t e Totals Redevelo ment
Activities Activities 2019 2018 Authorit
ASSETS
Cash and investments 76,562,563$ 51,086,390$ 127,648,953$ 106,478,384$ 136,737$
Receivables
Taxes and s ecial char es 44,387,912 809,500 45,197,412 43,109,974 -
Delin uent taxes 42,477 - 42,477 48,221 -
Accounts 3,447,105 8,114,837 11,561,942 16,727,036 -
S ecial assessments 8,772,694 - 8,772,694 9,868,296 -
Loans 4,600,028 - 4,600,028 4,129,693 -
Internal balances 288,250 288,250 - - -
Due from other overnments 273,241 1,585,417 1,858,658 2,367,883 -
Inventories and re aid items 150,934 2,210,290 2,361,224 2,417,215 6,081
Assets held for resale - 6,385,630 6,385,630 6,549,663 -
Restricted assets
Cash and investments - 18,409,417 18,409,417 17,234,100 -
Net ension asset - - - 9,662,570 -
Ca ital assets, nonde reciable 24,713,433 29,208,895 53,922,328 45,200,369 -
Ca ital assets, de reciable 139,184,086 328,136,424 467,320,510 456,367,012 19,218,899
Total assets 301,846,225 446,235,050 748,081,275 720,160,416 19,361,717
DEFERRED OUTFLOWS OF RESOURCES
Loss on advance refundin 376,994 221,388 598,382 690,941 -
Pension related amounts 27,652,455 4,648,574 32,301,029 17,771,292 -
Other ostem lo ment related amounts 304,040 53,758 357,798 387,535 -
Total deferred outflows of resources 28,333,489 4,923,720 33,257,209 18,849,768 -
LIABILITIES
Accounts a able 4,709,340 469,399 5,178,739 4,154,195 826
Accrued and other current liabilities 2,406,006 1,000,000 3,406,006 3,715,161 -
Due to other overnments - 116,006 116,006 119,606 -
Accrued interest a able 523,388 1,663,366 2,186,754 1,679,268 -
S ecial de osits 1,857,116 19,752 1,876,868 1,697,442 -
Unearned revenues 26,000 14,203 40,203 52,454 -
Lon -term obli ations
Due within one ear 14,115,095 14,588,646 28,703,741 24,700,745 -
Due in more than one ear 106,909,452 199,316,811 306,226,263 299,445,461 -
Net ension liabilit 10,202,056 1,721,522 11,923,578 - -
Other ostem lo ment benefits 5,818,756 1,094,686 6,913,442 7,108,369 -
Total liabilities 146,567,209 220,004,391 366,571,600 342,672,701 826
DEFERRED INFLOWS OF RESOURCES
Pro ert taxes levied for subse uent ear 44,387,912 809,500 45,197,412 43,109,974 -
Deferred ain on refundin 12,075 - 12,075 26,053 -
Pension related amounts 14,125,187 2,383,524 16,508,711 19,070,042 -
Other ostem lo ment related amounts 636,085 113,054 749,139 30,168 -
Total deferred inflows of resources 59,161,259 3,306,078 62,467,337 62,236,237 -
NET POSITION
Net investment in ca ital assets 47,319,281 145,221,685 192,540,966 184,089,715 19,218,899
Restricted 33,107,131 16,792,800 49,899,931 44,231,290 -
Unrestricted 44,024,834 65,833,816 109,858,650 105,780,241 141,992
Total net osition 124,451,246$ 227,848,301$ 352,299,547$ 334,101,246$ 19,360,891$
The notes to the basic financial statements are an inte ral part of this statement.
23
City of Oshkosh, Wisconsin
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED DECEMBER 31, 2019
WITH SUMMARIZED FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2018
Program Revenues
Operating Capital Grants
Charges for Grants and and
Functions/Programs Expenses Services Contributions Contributions
GOVERNMENTAL ACTIVITIES
General government 7,206,740$ 1,602,025$ 6,000$ -$
Public safety 31,705,030 3,575,002 890,664 159,892
Public works 15,888,569 4,770,871 3,405,844 2,414,387
Transportation 1,081,675 46,162 - -
Health and human services 1,013,157 150,266 173,888 -
Culture and recreation 9,395,932 1,038,940 1,110,699 -
Conservation and development 8,690,720 1,238,017 1,709,078 -
Unclassified 875,692 - - -
Interest and fiscal charges 3,267,500 - - -
Total governmental activities 79,125,015 12,421,283 7,296,173 2,574,279
BUSINESS-TYPE ACTIVITIES
Transit utility 5,373,317 1,116,993 4,226,850 -
Water utility 11,119,434 16,109,837 - 562,123
Sewer utility 12,647,065 15,192,344 - 676,267
Storm water utility 7,184,160 10,753,050 - 673,192
Parking utility 253,594 155,996 - -
Oshkosh redevelopment project 1,640,921 1,947,913 - -
Industrial park 26,875 184,921 - -
Golf course 77,390 - - -
Inspection services 952,999 1,039,518 - -
Total business-t e activities 39,275,755 46,500,572 4,226,850 1,911,582
Total rimar overnment 118,400,770$ 58,921,855$ 11,523,023$ 4,485,861$
Component Unit
Redevelopment Authority 826$ 9,357$ -$ 1,500,000$
General revenues
Taxes
Property taxes, levied for general purposes
Property taxes, levied for debt service
Property taxes, tax increments
Other taxes
Federal and state grants and other contributions
not restricted to specific functions
Interest and investment earnings
Miscellaneous
Gain on sale of asset
Transfers
Total general revenues and transfers
Change in net position
Net position - January 1
Net position - December 31
The notes to the basic financial statements are an integral part of this statement.
24
Net (Expense) Revenue Component
and Changes in Net Position Unit
Governmental Business-type Totals Redevelopment
Activities Activities 2019 2018 Authority
(5,598,715)$ -$ (5,598,715)$ (4,945,067)$ -$
(27,079,472) - (27,079,472) (24,445,086) -
(5,297,467) - (5,297,467) (1,765,349) -
(1,035,513) - (1,035,513) (662,787) -
(689,003) - (689,003) (574,851) -
(7,246,293) - (7,246,293) (6,709,219) -
(5,743,625) - (5,743,625) 2,011,999 -
(875,692) - (875,692) (1,102,409) -
(3,267,500) - (3,267,500) (3,521,757) -
(56,833,280) - (56,833,280) (41,714,526) -
- (29,474) (29,474) 1,341,881 -
- 5,552,526 5,552,526 4,857,345 -
- 3,221,546 3,221,546 2,875,818 -
- 4,242,082 4,242,082 5,138,642 -
- (97,598) (97,598) (123,393) -
- 306,992 306,992 90,747 -
- 158,046 158,046 115,680 -
- (77,390) (77,390) (103,222) -
- 86,519 86,519 303,033 -
- 13,363,249 13,363,249 14,496,531 -
56,833,280 13,363,249 43,470,031 27,217,995 -
- - - - 1,508,531
27,149,155 947,700 28,096,855 27,008,661 -
11,451,100 - 11,451,100 10,985,500 -
3,708,374 - 3,708,374 6,731,857 -
403,494 - 403,494 321,963 -
13,092,274 - 13,092,274 14,004,464 -
2,171,166 1,307,437 3,478,603 1,755,058 -
1,385,542 7,810 1,393,352 2,519,273 3,346
42,630 1,650 44,280 24,152 -
3,002,182 (3,002,182) - - -
62,405,917 (737,585) 61,668,332 63,350,928 3,346
5,572,637 12,625,664 18,198,301 36,132,933 1,511,877
118,878,609 215,222,637 334,101,246 297,968,313 17,849,014
124,451,246$ 227,848,301$ 352,299,547$ 334,101,246$ 19,360,891$
25
City of Oshkosh, Wisconsin
BALANCE SHEET
GOVERNMENTAL FUNDS
DECEMBER 31, 2019
WITH SUMMARIZED FINANCIAL INFORMATION AS OF DECEMBER 31, 2018
Special Other
Assessment Governmental
General Debt Service Improvement Funds
ASSETS
Cash and investments 5,289,312$ 2,190,015$ 5,183,283$ 60,844,994$
Receivables
Taxes and special char es 19,988,377 12,070,600 - 12,371,412
Accounts 2,884,980 - - 562,125
Special assessments 452,810 - 8,319,884 -
Loans - - - 4,600,028
Due from other funds 8,348,525 - - 1,394,397
Due from other governments 23,241 - - 250,000
Inventories and prepaid items 150,934 - - -
Deposit with GO HNI - - - 209,868
Total assets 37,138,179$ 14,260,615$ 13,503,169$ 80,232,824$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable 318,679$ 500$ -$ 4,388,027$
Accrued and other current liabilities 2,406,006 - - -
Due to other funds - - - 10,031,172
Special deposits 11,053 - 1,466,334 379,729
Unearned revenues - - - 26,000
Total liabilities 2,735,738 500 1,466,334 14,824,928
Deferred inflows of resources
Property taxes levied for subsequent
year 19,945,900 12,070,600 - 12,371,412
Grants - - - 250,000
Loans receivable - - - 4,600,028
Special charges assessed - - 8,068,732 -
Total deferred inflows of resources 19,945,900 12,070,600 8,068,732 17,221,440
Fund balances
Nonspendable 150,934 - 703,921 -
Restricted - 2,189,515 - 26,840,976
Committed - - - 4,541,964
Assigned 49,180 - 3,264,182 26,721,621
Unassigned 14,256,427 - - (9,918,105)
Total fund balances 14,456,541 2,189,515 3,968,103 48,186,456
Total liabilities, deferred inflows
of resources, and fund balances 37,138,179$ 14,260,615$ 13,503,169$ 80,232,824$
The notes to the basic financial statements are an integral part of this statement.
26
Totals
2019 2018
73,507,604$ 73,415,755$
44,430,389 42,210,495
3,447,105 3,461,116
8,772,694 9,462,522
4,600,028 4,129,693
9,742,922 3,944,366
273,241 532,853
150,934 83,851
209,868 204,380
145,134,787$ 137,445,031$
4,707,206$ 3,110,269$
2,406,006 2,715,161
10,031,172 11,943,500
1,857,116 1,679,042
26,000 26,000
19,027,500 19,473,972
44,387,912 42,162,274
250,000 -
4,600,028 4,129,693
8,068,732 9,710,206
57,306,672 56,002,173
854,855 83,851
29,030,491 31,669,095
4,541,964 5,000,463
30,034,983 22,441,157
4,338,322 2,774,320
68,800,615 61,968,886
145,134,787$ 137,445,031$
27
City of Oshkosh, Wisconsin
BALANCE SHEET
GOVERNMENTAL FUNDS
DECEMBER 31, 2019
WITH SUMMARIZED FINANCIAL INFORMATION AS OF DECEMBER 31, 2018
2019 2018
RECONCILIATION TO THE STATEMENT OF NET POSITION
Total fund balances as shown on previous page 68,800,615$ 61,968,886$
Amounts reported for governmental activities in the statement of net position
are different because:
Capital assets used in governmental activities are not current financial
resources and therefore are not reported in the funds. 163,897,519 158,239,254
Long-term assets are not available; therefore, are not reported in the funds:
Special assessments 8,068,732 9,460,206
Loans receivable 4,600,028 4,129,693
Grants 250,000 250,000
Net pension asset - 8,258,428
Net position of the internal service funds are reported in the statement
of net position as governmental activities 2,833,036 2,861,843
Some deferred outflows and inflows of resources reflect changes in
long-term liabilities and are not reported in the funds.
Loss on advance refunding 376,994 432,750
Gain on advance refunding (12,075) (26,053)
Deferred outflows related to pensions 27,652,455 15,204,598
Deferred inflows related to pensions (14,125,187) (16,298,830)
Deferred outflows related to other postemployment benefits 303,830 328,700
Deferred inflows related to other postemployment benefits (635,596) (25,784)
Long-term liabilities are not due and payable in the current period and,
therefore, are not reported in the funds.
Bonds and notes payable (113,185,916) (112,180,096)
Premium on debt (3,297,441) (2,652,892)
Compensated absences (4,541,190) (4,434,862)
Net pension liability (10,202,056) -
Other postemployment benefit (5,809,114) (5,975,643)
Accrued interest on long-term obligations (523,388) (661,589)
Net position of governmental activities as reported on the statement
of net position (see page 22) 124,451,246$ 118,878,609$
The notes to the basic financial statements are an integral part of this statement.
28
City of Oshkosh, Wisconsin
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
WITH SUMMARIZED FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2018
Special Other
Assessment Governmental
General Debt Service Improvement Funds
REVENUES
Taxes 19,579,776$ 11,451,100$ -$ 11,494,774$
Special assessments - - 3,649,741 140,610
Intergovernmental 16,559,976 - - 3,004,671
Licenses and permits 1,020,195 - - 108
Fines and forfeits 901,931 - - 2,319
Public charges for services 3,770,038 - - 1,939,054
Intergovernmental charges for services 4,592,204 - - -
Miscellaneous 1,109,563 319,917 - 3,609,406
Total revenues 47,533,683 11,771,017 3,649,741 20,190,942
EXPENDITURES
Current
General government 6,258,147 - - -
Public safety 26,855,672 - - 237,986
Public works 6,167,754 - - 3,485,272
Transportation 749,739 - - -
Health and human services - - - 948,483
Culture and recreation 2,246,909 - - 5,819,506
Conservation and development 2,930,264 - - 3,477,479
Unclassified 871,824 - - -
Debt service
Principal - 10,787,521 530,000 3,676,661
Interest and fiscal charges 2,450 2,782,261 213,004 652,972
Capital outlay 56,558 - 120,302 17,403,960
Total expenditures 46,139,317 13,569,782 863,306 35,702,319
Excess of revenues over (under)
expenditures 1,394,366 (1,798,765) 2,786,435 (15,511,377)
OTHER FINANCING SOURCES (USES)
Long-term debt issued - 1,964,500 - 14,035,500
Premium on debt issued - 931,315 - -
Proceeds from sale of capital assets - - - 27,573
Transfers in 1,000,000 - - 2,276,732
Transfers out - - - (274,550)
Total other financing sources (uses) 1,000,000 2,895,815 - 16,065,255
Net change in fund balances 2,394,366 1,097,050 2,786,435 553,878
Fund balances - January 1 12,062,175 1,092,465 1,181,668 47,632,578
Fund balances - December 31 14,456,541$ 2,189,515$ 3,968,103$ 48,186,456$
The notes to the basic financial statements are an integral part of this statement.
29
Totals
2019 2018
42,525,650$ 43,928,857$
3,790,351 3,408,853
19,564,647 22,494,060
1,020,303 1,010,623
904,250 763,489
5,709,092 4,526,077
4,592,204 3,883,174
5,038,886 5,052,408
83,145,383 85,067,541
6,258,147 6,653,597
27,093,658 26,608,996
9,653,026 10,331,819
749,739 719,561
948,483 938,160
8,066,415 7,670,084
6,407,743 5,525,721
871,824 1,079,471
14,994,182 12,017,594
3,650,687 3,724,439
17,580,820 13,239,606
96,274,724 88,509,048
(13,129,341) (3,441,507)
16,000,000 11,440,000
931,315 328,285
27,573 7,000
3,276,732 6,974,789
(274,550) (5,603,389)
19,961,070 13,146,685
6,831,729 9,705,178
61,968,886 52,263,708
68,800,615$ 61,968,886$
30
City of Oshkosh, Wisconsin
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
WITH SUMMARIZED FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2018
2019 2018
RECONCILIATION TO THE STATEMENT OF ACTIVITIES
Net change in fund balances as shown on previous page 6,831,729$ 9,705,178$
Amounts reported for governmental activities in the statement of activities
are different because:
Governmental funds report capital outlays as expenditures. However, in
the statement of activities the cost of those assets is allocated over their
estimated useful lives and reported as depreciation expense.
Capital assets reported as capital outlay in governmental fund statements 17,069,879 16,649,594
Depreciation expense reported in the statement of activities (11,080,167) (10,447,614)
Net book value of disposals (331,447) (53,353)
Governmental funds do not present revenues that are not available to pay
current obligations. In contrast, such revenues are reported in the statement
of activities when earned. (921,139) 4,109,637
Debt issued provides current financial resources to governmental funds, but
issuing debt increases long-term liabilities in the statement of net position.
Repayment of bond principal is an expenditure in the governmental funds, but
the repayment reduces long-term liabilities in the statement of net position.
Long-term debt issued (16,000,000) (11,440,000)
Premium on debt issued (931,315) (328,285)
Principal repaid 14,994,180 12,017,594
Some expenses reported in the statement of activities do not require the
use of current financial resources and therefore are not reported as
expenditures in the governmental funds:
Accrued interest on long-term debt 138,201 15,559
Amortization of premiums, discounts and loss on advance refunding 244,988 187,123
Compensated absences (106,328) (129,093)
Net pension asset (8,258,428) 8,258,428
Net pension liability (10,202,056) 2,248,061
Deferred outflows of resources related to pensions 12,447,857 (2,178,799)
Deferred inflows of resources related to pensions 2,173,643 (9,175,445)
Deferred outflows of resources related to other postemployment benefits (24,870) 328,700
Deferred inflows of resources related to other postemployment benefits (609,812) (25,784)
Other postemployment benefits 166,529 (727,301)
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. (28,807) 113,259
Change in net position of governmental activities as reported in the
statement of activities (see pages 23 - 24) 5,572,637$ 19,127,459$
The notes to the basic financial statements are an integral part of this statement.
31
City of Oshkosh, Wisconsin
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - GENERAL FUND
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 19,514,400$ 19,514,400$ 19,579,776$ 65,376$
Intergovernmental 16,358,000 16,358,000 16,559,976 201,976
Licenses and permits 979,100 979,100 1,020,195 41,095
Fines and forfeits 707,500 707,500 901,931 194,431
Public charges for services 3,283,700 3,283,700 3,770,038 486,338
Intergovernmental charges for services 3,776,900 3,776,900 4,592,204 815,304
Miscellaneous 915,600 915,600 1,109,563 193,963
Total revenues 45,535,200 45,535,200 47,533,683 1,998,483
EXPENDITURES
Current
General government 6,493,500 6,357,900 6,258,147 99,753
Public safety 27,308,600 27,408,960 26,855,672 553,288
Public works 6,614,900 6,614,900 6,167,754 447,146
Transportation 750,000 750,000 749,739 261
Culture and recreation 2,189,300 2,189,300 2,246,909 (57,609)
Conservation and development 1,961,900 1,953,900 2,930,264 (976,364)
Unclassified 716,400 1,274,500 871,824 402,676
Debt service
Interest and fiscal charges - - 2,450 (2,450)
Capital outlay 10,000 60,600 56,558 4,042
Total expenditures 46,044,600 46,610,060 46,139,317 470,743
Excess of revenues over (under) expenditures (509,400) (1,074,860) 1,394,366 2,469,226
OTHER FINANCING SOURCES
Transfers in 1,000,000 1,000,000 1,000,000 -
Net change in fund balance 490,600 (74,860) 2,394,366 2,469,226
Fund balance - January 1 12,062,175 12,062,175 12,062,175 -
Fund balance - December 31 12,552,775$ 11,987,315$ 14,456,541$ 2,469,226$
The notes to the basic financial statements are an integral part of this statement.
32
City of Oshkosh, Wisconsin
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
DECEMBER 31, 2019
WITH SUMMARIZED FINANCIAL INFORMATION AS OF DECEMBER 31, 2018
Enterprise Funds
Transit Water Sewer Storm Water Nonmajor
Utility Utility Utility Utility Funds
ASSETS
Current assets
Cash and investments 1,405,523$ 15,470,669$ 12,461,552$ 19,045,902$ 2,702,744$
Receivables
Taxes and special charges 809,500 - - - -
Customer accounts 256,178 2,785,604 3,141,273 1,810,474 121,308
Special assessments - - - - -
Due from other funds - - 3,136,355 - -
Due from other governments 1,585,417 - - - -
Inventories and prepaid items 461,475 990,397 547,968 189,436 21,014
Total current assets 4,518,093 19,246,670 19,287,148 21,045,812 2,845,066
Noncurrent assets
Restricted assets
Cash and investments - 5,313,939 6,657,395 6,438,083 -
Other assets
Assets held for resale - - - - 6,385,630
Net pension asset - - - - -
Total other assets - - - - 6,385,630
Capital assets
Nondepreciable 367,811 5,399,806 5,625,701 12,780,495 5,035,082
Depreciable 5,692,039 102,270,887 109,896,730 102,501,726 7,775,042
Total capital assets 6,059,850 107,670,693 115,522,431 115,282,221 12,810,124
Total assets 10,577,943 132,231,302 141,466,974 142,766,116 22,040,820
DEFERRED OUTFLOWS OF RESOURCES
Loss on advance refunding - 78,997 142,391 - -
Pension related amounts 1,124,316 1,248,015 1,392,324 549,456 334,463
Other postemployment related amounts 9,819 15,525 17,080 6,924 4,410
Total deferred outflows of resources 1,134,135 1,342,537 1,551,795 556,380 338,873
The notes to the basic financial statements are an integral part of this statement.
33
Governmental Activities -
Totals Internal Service Funds
2019 2018 2019 2018
51,086,390$ 29,967,434$ 2,845,091$ 2,890,815$
809,500 947,700 - -
8,114,837 13,265,920 - -
- 405,774 - -
3,136,355 12,550,726 - -
1,585,417 1,835,030 - -
2,210,290 2,333,364 - -
66,942,789 61,305,948 2,845,091 2,890,815
18,409,417 17,234,100 - -
6,385,630 6,549,663 - -
- 1,404,142 - -
6,385,630 7,953,805 - -
29,208,895 18,435,721 - -
328,136,424 324,892,406 - -
357,345,319 343,328,127 - -
449,083,155 429,821,980 2,845,091 2,890,815
221,388 258,191 - -
4,648,574 2,566,694 - -
53,758 58,597 210 238
4,923,720 2,883,482 210 238
34
City of Oshkosh, Wisconsin
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
DECEMBER 31, 2019
WITH SUMMARIZED FINANCIAL INFORMATION AS OF DECEMBER 31, 2018
Enterprise Funds
Transit Water Sewer Storm Water Nonmajor
Utility Utility Utility Utility Funds
LIABILITIES
Current liabilities
Accounts payable 130,407$ 88,680$ 111,212$ 18,098$ 121,002$
Accrued and other current liabilities - 1,000,000 - - -
Due to other funds - - - - 2,848,105
Due to other governments 116,006 - - - -
Special deposits 1,352 - 13,400 - 5,000
Unearned revenue 3,460 - - - 10,743
Current portion of long-term debt 140,000 4,727,244 4,731,402 4,655,000 335,000
Accrued interest payable 4,177 753,096 358,788 504,733 42,572
Total current liabilities 395,402 6,569,020 5,214,802 5,177,831 3,362,422
Long-term obligations, less current portion
General obligation debt 886,000 3,100,000 4,445,000 3,860,000 1,850,000
Revenue bonds - 46,308,448 56,083,974 74,675,000 -
Debt premium - 1,963,680 2,245,876 2,838,398 -
Compensated absences 156,951 363,993 276,567 187,000 75,924
Net pension liability 417,948 460,919 516,164 203,871 122,620
Other postemployment benefits 117,228 345,113 372,408 155,262 104,675
Total long-term liabilities 1,578,127 52,542,153 63,939,989 81,919,531 2,153,219
Total liabilities 1,973,529 59,111,173 69,154,791 87,097,362 5,515,641
DEFERRED INFLOWS OF RESOURCES
Property taxes levied for subsequent year 809,500 - - - -
Deferred gain on refunding - - - - -
Pension related amounts 578,667 638,162 714,652 282,269 169,774
Other postemployment related amounts 19,916 32,907 36,137 14,687 9,407
Total deferred inflows of resources 1,408,083 671,069 750,789 296,956 179,181
NET POSITION
Net investment in capital assets 5,033,850 51,650,318 48,158,570 29,253,823 11,125,124
Restricted - 4,560,843 6,298,607 5,933,350 -
Unrestricted 3,296,616 17,580,436 18,656,012 20,741,005 5,559,747
Total net position 8,330,466$ 73,791,597$ 73,113,189$ 55,928,178$ 16,684,871$
The notes to the basic financial statements are an integral part of this statement.
35
Governmental Activities -
Totals Internal Service Funds
2019 2018 2019 2018
469,399$ 1,024,154$ 2,134$ 19,772$
1,000,000 1,000,000 --
2,848,105 4,551,592 --
116,006 119,606 --
19,752 18,400 --
14,203 26,454 --
14,588,646 11,848,097 --
1,663,366 1,017,679 - -
20,719,477 19,605,982 2,134 19,772
14,141,000 17,382,123 --
177,067,422 169,646,069 - -
7,047,954 5,168,277 --
1,060,435 833,790 --
1,721,522 - - -
1,094,686 1,123,288 9,642 9,438
202,133,019 194,153,547 9,642 9,438
222,852,496 213,759,529 11,776 29,210
809,500 947,700 --
- - --
2,383,524 2,771,212 - -
113,054 4,384 489 -
3,306,078 3,723,296 489 -
145,221,685 140,276,752 - -
16,792,800 16,279,781 - -
65,833,816 58,666,104 2,833,036 2,861,843
227,848,301$ 215,222,637$ 2,833,036$ 2,861,843$
36
City of Oshkosh, Wisconsin
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
WITH SUMMARIZED FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2018
Enterprise Funds
Transit Water Sewer Storm Water Nonmajor
Utility Utility Utility Utility Funds
OPERATING REVENUES
Charges for services 1,070,359$ 15,916,771$ 15,088,569$ 10,705,258$ 1,183,892$
Taxes - - - - 1,854,394
Fines, forfeitures and penalties - - - - 11,622
Other 46,634 193,066 103,775 47,792 105,619
Total operating revenues 1,116,993 16,109,837 15,192,344 10,753,050 3,155,527
OPERATING EXPENSES
Operation and maintenance 4,522,676 5,791,532 6,339,135 2,361,539 2,564,228
Depreciation 794,541 3,473,118 3,877,354 2,183,877 299,493
Taxes - 155,288 162,897 64,025 -
Claims and administration -- - - -
Total operating expenses 5,317,217 9,419,938 10,379,386 4,609,441 2,863,721
Operating income (loss) (4,200,224) 6,689,899 4,812,958 6,143,609 291,806
NONOPERATING REVENUES (EXPENSES)
General property taxes 947,700 - - - -
Interest income - 338,498 457,663 511,276 -
Nonoperating grants 4,226,850 - - 4,000 -
Gain (loss) on disposal of capital assets 1,650 - - - 180,631
Interest and fiscal charges (56,100) (1,699,496) (2,267,679) (2,574,719) (88,058)
Total nonoperating revenues (expenses) 5,120,100 (1,360,998) (1,810,016) (2,059,443) 92,573
Income (loss) before contributions
and transfers 919,876 5,328,901 3,002,942 4,084,166 384,379
Capital contributions - 562,123 676,267 669,192 -
Transfers out - (1,000,000) - - (2,002,182)
Change in net position 919,876 4,891,024 3,679,209 4,753,358 (1,617,803)
Net position - January 1 7,410,590 68,900,573 69,433,980 51,174,820 18,302,674
Net position - December 31 8,330,466$ 73,791,597$ 73,113,189$ 55,928,178$ 16,684,871$
The notes to the basic financial statements are an integral part of this statement.
37
Governmental Activities -
Totals Internal Service Funds
2019 2018 2019 2018
43,964,849$ 41,945,437$ 69,146$ 67,198$
1,854,394 1,757,572 - -
11,622 18,333 - -
496,886 529,915 593,147 629,367
46,327,751 44,251,257 662,293 696,565
21,579,110 21,091,544 - -
10,628,383 10,078,809 - -
382,210 372,454 - -
- - 699,664 618,324
32,589,703 31,542,807 699,664 618,324
13,738,048 12,708,450 (37,371) 78,241
947,700 920,600 - 18,200
1,307,437 771,563 8,564 25,453
4,230,850 3,115,752 - -
182,281 2,302,227 - -
(6,686,052) (6,522,514) - -
(17,784) 587,628 8,564 43,653
13,720,264 13,296,078 (28,807) 121,894
1,907,582 5,080,796 - -
(3,002,182)(1,371,400) - -
12,625,664 17,005,474 (28,807) 121,894
215,222,637 199,206,198 2,861,843 2,748,584
227,848,301$ 215,222,637$ 2,833,036$ 2,861,843$
38
City of Oshkosh, Wisconsin
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
WITH SUMMARIZED FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2018
Enterprise Funds
Transit Water Sewer Storm Water Nonmajor
Utility Utility Utility Utility Funds
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers 1,002,254$ 18,212,266$ 17,040,322$ 12,071,667$ 3,140,074$
Cash received special deposits 1,352 - - - -
Cash paid for employee wages and benefits (2,568,303) (2,910,412) (3,094,209) (1,216,315) (927,586)
Cash paid to suppliers (1,738,698) (2,943,711) (3,119,866) (1,057,423) (1,735,762)
Net cash provided (used) by operating
activities (3,303,395) 12,358,143 10,826,247 9,797,929 476,726
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
General property taxes 947,700 - - - -
Intergovernmental revenues 4,472,863 - - 4,000 -
Due to/from other funds - 42,243 8,207,765 (420,780) (118,344)
Transfer in (out) - (1,000,000) - 8,200 (2,002,182)
Net cash provided (used) by noncapital
financing activities 5,420,563 (957,757) 8,207,765 (408,580) (2,120,526)
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES
Acquisition of capital assets (1,514,766) (5,448,014) (7,527,860) (8,021,279) (2,244)
Sale of capital assets 1,650 - - - 405,340
Proceeds from issuance of long-term debt - 9,145,000 15,125,000 11,340,000 -
Premiums received on long-term debt issued - 577,566 963,470 770,210 -
Principal paid on long-term debt (135,000) (7,008,710) (13,320,654) (7,754,857) (470,000)
Interest paid on long-term debt (56,497) (1,104,483) (2,339,210) (2,830,669) (104,272)
Net cash used by capital
and related financing activities (1,704,613) (3,838,641) (7,099,254) (6,496,595) (171,176)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received - 338,498 457,663 511,276 -
Change in cash and cash equivalents 412,555 7,900,243 12,392,421 3,404,030 (1,814,976)
Cash and cash equivalents - January 1 992,968 12,884,365 6,726,526 22,079,955 4,517,720
Cash and cash equivalents - December 31 1,405,523$ 20,784,608$ 19,118,947$ 25,483,985$ 2,702,744$
The notes to the basic financial statements are an integral part of this statement.
39
Governmental Activities -
Totals Internal Service Funds
2019 2018 2019 2018
51,466,583$ 43,787,203$ 662,293$ 696,565$
1,352 - - -
(10,716,825) (10,731,607) (199,077) (187,259)
(10,595,460) (9,886,275) (517,504) (413,266)
30,155,650 23,169,321 (54,288) 96,040
947,700 920,600 - 18,200
4,476,863 1,709,643 - -
7,710,884 7,674,782 - -
(2,993,982) (1,379,600) - -
10,141,465 8,925,425 - 18,200
(22,514,163) (25,771,820) - -
406,990 3,537,171 - -
35,610,000 10,060,000 - -
2,311,246 473,890 - -
(28,689,221) (18,028,065) - -
(6,435,131) (7,607,272) - -
(19,310,279) (37,336,096) - -
1,307,437 771,563 8,564 25,453
22,294,273 (4,469,787) (45,724) 139,693
47,201,534 51,671,321 2,890,815 2,751,122
69,495,807$ 47,201,534$ 2,845,091$ 2,890,815$
City of Oshkosh, Wisconsin
STATEMENT OF CASH FLOWS CONCLUDED
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
WITH SUMMARIZED FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2018
Transit Water Sewer
Utility Utility Utility
RECONCILIATION OF OPERATING INCOME
(LOSS) TO NET CASH PROVIDED (USED) BY
OPERATING ACTIVITIES
Operating income (loss) (4,200,224)$ 6,689,899$ 4,812,958$
Adjustments to reconcile operating
income (loss) to net cash provided (used)
by operating activities
Depreciation 794,541 3,473,118 3,877,354
Depreciation charged to sewer utility - 113,068 -
Change in liability (asset) and deferred
outflows and inflows of resources
Change in WRS Asset/Liability 763,927 860,261 943,043
Change in WRS Deferred Outflow (493,516) (541,958) (612,492)
Change in WRS Deferred Inflow (104,157) (149,978) (127,836)
Change in OPEB Liability (21,527) (7,139) (6,311)
Change in OPEB Deferred Outflow 1,132 1,969 1,675
Change in OPEB Deferred Inflow 18,836 31,660 34,804
Change in operating assets and liabilities
Accounts receivables (114,979) 2,102,429 1,847,978
Inventories and prepaid items 53,580 1,480 51,489
Accounts payable 11,113 (243,046) (86,468)
Accrued and other current liabilities - - -
Customer deposits 1,352 - -
Unearned revenue 240 - -
Compensated absences (13,713) 26,380 90,053
Net cash provided (used) by operating
activities (3,303,395)$ 12,358,143$ 10,826,247$
Reconciliation of cash and cash equivalents
to the statement of net position
Cash and cash equivalents in current assets 1,405,523$ 15,470,669$ 12,461,552$
Cash and cash equivalents in restricted assets - 5,313,939 6,657,395
Total cash and cash equivalents 1,405,523$ 20,784,608$ 19,118,947$
Noncash capital and related financing activities
Contributed capital assets -$ 663,244$ -$
The notes to the basic financial statements are an integral part of this statement.
Enterprise Funds
40
Governmental Activities -
Totals Internal Service Funds
Storm Water Nonmajor
Utility Funds 2019 2018 2019 2018
6,143,609$ 291,806$ 13,738,048$ 12,708,450$ (37,371)$ 78,241$
2,183,877 299,493 10,628,383 10,078,809 - -
- - 113,068 110,396 - -
371,052 187,381 3,125,664 (1,792,604) - -
(242,934) (190,980) (2,081,880) 444,991 - -
(47,680) 41,963 (387,688) 1,540,303 - -
(501) 6,876 (28,602) 134,253 204 565
609 (546) 4,839 (58,597) 28 -
14,165 9,205 108,670 4,384 489 -
1,318,617 (2,962) 5,151,083 (448,816) - -
15,093 1,432 123,074 (25,604) - -
(64,352) (172,002) (554,755) 545,966 (17,638) 17,234
- - - (129,620) - -
- - 1,352 (2,596) - -
- (12,491) (12,251) (12,642) - -
106,374 17,551 226,645 72,248 - -
9,797,929$ 476,726$ 30,155,650$ 23,169,321$ (54,288)$ 96,040$
19,045,902$ 2,702,744$ 51,086,390$ 29,967,434$ 2,845,091$ 2,890,815$
6,438,083 - 18,409,417 17,234,100 - -
25,483,985$ 2,702,744$ 69,495,807$ 47,201,534$ 2,845,091$ 2,890,815$
669,192$ -$ 1,332,436$ 4,701,143$ -$ -$
41
42
City of Oshkosh, Wisconsin
STATEMENT OF FIDUCIARY NET POSITION
FIDUCIARY FUNDS
DECEMBER 31, 2019
Custodial
Funds
ASSETS
Current assets
Cash and investments 46,237,381$
LIABILITIES
Current liabilities
Accounts payable 43,993$
Due to other governments 46,164,706
Deposits 28,682
Total liabilities 46,237,381
NET POSITION
Restricted -$
The notes to the basic financial statements are an integral part of this statement.
43
City of Oshkosh, Wisconsin
STATEMENT OF CHANGES IN NET POSITION
FIDUCIARY FUND
FOR THE YEAR ENDED DECEMBER 31, 2019
Custodial
Funds
ADDITIONS
Property tax collections 55,331,995$
DEDUCTIONS
Payments to taxing jurisdictions 55,331,995
Change in net position -
Net position - January 1 -
Net position - December 31 -$
The notes to the basic financial statements are an integral part of this statement.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
44
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The basic financial statements of the City of Oshkosh, Wisconsin (the “City”), 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:
A. REPORTING ENTITY
The City 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 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.
Redevelopment Authority
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. Separate financial statements
are not issued for the Redevelopment Authority.
B. RELATED ORGANIZATIONS
The City’s officials are also responsible for appointing the members of the Boards of other organizations, but the City’s
accountability for these organizations does not extend beyond making the appointments. Therefore, these organizations
are not included in the City’s reporting entity. The City Council appoints some or all of the members of the following
related organizations:
School District of Oshkosh Area
Fox Valley VTAE District
Housing Authority of the City of Oshkosh
C. 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 are primarily supported by taxes and intergovernmental
revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges
for services.
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 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 and capital projects funds. Proprietary funds include enterprise and internal service funds. Major
individual governmental funds and major individual enterprise funds are reported as separate columns in the fund
financial statements.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
45
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 government funds.
Special Assessment Improvement Capital Projects Fund
This fund accounts for the cost of capital projects and the special assessments and subsequent assessment collections
related to those projects.
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.
Additionally, the City reports the following fund types:
f Internal service fund accounts for the financing of goods and services provided by one department to other city
departments or to the other governments on a cost reimbursement basis.
f The custodial fund accounts for property taxes and specials collected on behalf of other governments. These
amounts were recorded in an agency fund in prior years. Due to the implementation of GASB 84, Fiduciary
Activities, they are now recorded in a custodial fund.
D. MEASUREMENT FOCUS AND BASIS OF ACCOUNTING
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.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
46
Revenues susceptible to accrual include intergovernmental grants, intergovernmental charges for services, public
charges for services and interest. Other revenues such as licenses and permits, fines and forfeits and miscellaneous
revenues are recognized when received in cash or when measurable and available.
As a general rule the effect of interfund activity has been eliminated from the government-wide financial statements.
Exceptions to this general rule are payments-in-lieu of taxes and other charges between the City’s water and sewer
functions and various other functions of the City. Elimination of these charges would distort the direct costs and program
revenues reported for the various functions concerned.
Amounts reported as program revenues include 1) charges to customers or applicants for goods, services, or privileges
provided, and fees and fines, 2) operating grants and contributions, and 3) capital grants and contributions. Internally
dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues
include all taxes.
Proprietary funds distinguish operating revenues and expenses from nonoperating 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 proprietary funds are charges to
customers for services. Operating expenses for proprietary funds include the costs of services, administrative
expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as
nonoperating 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.
E. ASSETS, LIABILITIES, DEFERRED OUTFLOWS/INFLOWS OF RESOURCES, AND NET POSITION OR FUND
BALANCE
1. 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 price
that would be received to sell an asset in an orderly transaction between market participants at the measurement
date. 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.
2. Property Taxes and Special Charges/Receivable
Property taxes and special charges consist of taxes on real estate and personal property and user charges
assessed against City properties. They are levied during December of the prior year and become an enforceable
lien on property the following January 1. Property taxes are payable in various options depending on the type and
amount. Personal property taxes and special charges are payable on or before January 31 in full. Real estate taxes
are payable in full by January 31 or in four equal installments on or before January 31, March 31, May 31, and July
31. Real estate taxes not paid by July 31 are purchased by the County as part of the August tax settlement.
Delinquent personal property taxes remain the collection responsibility of the City.
In addition to its levy, the City also levies and collects taxes for the Oshkosh and Winneconne Community School
Districts, Winnebago County, Fox Valley Technical College, and the Algoma Sanitary District #1.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
47
Property tax calendar for the 2019 tax roll is as follows:
Lien date and levy date December 31, 2019
Tax bills mailed On or after December 1, 2019
Payment in full, or:
First installment due January 31, 2020
Second installment due March 31, 2020
Third installment due May 31, 2020
Fourth installment due July 31, 2020
Personal property taxes in full January 31, 2020
Tax settlements:
Initial settlement January 15, 2020
Second, third and fourth settlement 20 days after the collection date
Final settlement August 20, 2020
Tax deed by County -
2019 delinquent real estate taxes October 01, 2023
Property tax calendar - 2019 tax roll:
Property taxes of $45,197,412 are recorded on December 31, 2019 for collection in 2020 for the City
apportionment. The City apportionment is for financing 2020 operations and will be transferred in 2019 from
deferred inflows of resources to current revenues of the City’s governmental and proprietary funds.
3. Accounts Receivable
Accounts receivable are recorded at gross amounts with uncollectible amounts recognized under the direct write-off
method. The receivable associated with ambulance billings has been shown net of an allowance of $1,859,483,
which represents estimated uncollectable accounts.
4. Special Assessments
Assessments against property owners for public improvements are generally not subject to full settlement in the
year levied. Special assessments are placed on tax rolls on an installment basis. Revenue from special
assessments recorded in governmental funds is recognized as collections are made or as current installments are
placed on tax rolls. Installments placed on the 2019 tax roll are recognized as revenue in 2020. Special
assessments are subject to collection procedures.
5. Loans Receivable
The City has received federal and state grant funds for economic development and housing rehabilitation loan
programs and has passed the funds to various businesses and individuals in the form of loans. The City records a
loan receivable and expenditure when the loan has been made and the funds disbursed. 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. In the governmental funds, the City records a deferred inflow of
resources for the net amount of the receivable. As the loans are repaid, revenue is recognized. Any unspent loan
proceeds are presented as restricted fund balance in the fund financial statements.
6. Interfund Receivables and Payables
During the course of operations, numerous transactions occur between individual funds for goods provided or
services rendered. These receivables and payables are classified as “due from other funds” and “due to other
funds” in the fund financial statements.
The amount reported on the statement of net position for internal balances represents the residual balance
outstanding between the governmental and business-type activities.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
48
7. 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 funds in the fund financial statements are offset by nonspendable fund balance to
indicate that they do not represent spendable available financial resources.
8. Prepaid Items
Payments made to vendors that will benefit periods beyond the end of the current fiscal year are recorded as
prepaid items and are accounted for on the consumption method.
Prepaid items of governmental funds in the fund financial statements are offset by nonspendable fund balance to
indicate that they do not represent spendable available financial resources.
9. 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 a year. Such assets are recorded at historical cost or estimated historical cost if purchased or
constructed. Donated capital assets are recorded at estimated acquisition 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.
Capital assets of the City are depreciated using the straight-line method over the following estimated useful lives:
Governmental Business-type
Activities Activities
Assets
Buildings, systems, and land improvements 30 - 80 25 - 88
Machinery and equipment 1 - 25 10 - 25
Infrastructure 20 - 35 40 - 150
Years
10. Assets Held for Resale
Assets held for resale consists of land and improvements and is valued at cost of acquisition, demolition, and site
improvements. Properties include both land intended for resale and land designated as a public area. Assets held
for resale is recorded at lower of cost or market value.
11. Compensated Absences
It is the City’s policy to permit employees to accumulate earned but unused vacation and sick leave benefits in
accordance with employee handbook policies. 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.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
49
12. Deferred Outflows/Inflows of Resources
Deferred outflows of resources are a consumption of net position by the government that is applicable to a future
reporting period. Deferred inflows of resources are an acquisition of net position by the government that is
applicable to a future reporting period. The recognition of those outflows and inflows as expenses or expenditures
and revenues are deferred until the future periods to which the outflows and inflows are applicable.
Governmental funds may report deferred inflows of resources for unavailable revenues. The City reports
unavailable revenues for special assessments. These inflows are recognized as revenues in the government-wide
financial statements.
13. Long-term Obligations
In the government-wide financial statements, and proprietary funds 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 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. Bond
issuance costs are expensed as incurred.
In the fund financial statements, governmental funds 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.
14. Pensions
For purposes of measuring the net pension liability (asset), deferred outflows of resources and deferred inflows of
resources related to pensions, and pension expense, information about the fiduciary net position of the Wisconsin
Retirement System (WRS) and additions to/deductions from WRS’ fiduciary net position have been determined on
the same basis as they are reported by WRS. For this purpose, benefit payments (including refunds of employee
contributions) are recognized when due and payable in accordance with the benefit terms. Investments are
reported at fair value.
15. Other Postemployment Benefits Other Than Pensions (OPEB)
Local Retiree Life Insurance Fund
The fiduciary net position of the Local Retiree Life Insurance Fund (LRLIF) has been determined using the flow of
economic resources measurement focus and the accrual basis of accounting. This includes for purposes of
measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to other
postemployment benefits, OPEB expense, and information about the fiduciary net position of the LRLIF and
additions to/deductions from LRLIF’s fiduciary net position have been determined on the same basis as they are
reported by LRLIF. For this purpose, benefit payments (including refunds of employee contributions) are recognized
when due and payable in accordance with the benefit terms. Investments are reported at fair value.
16. Fund Equity
Governmental Fund Financial Statements
Fund balance of governmental funds is reported in various categories based on the nature of any limitations
requiring the use of resources for specific purposes. The following classifications describe the relative strength of
the spending constraints placed on the purposes for which resources can be used:
f 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 remain intact.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
50
f Restricted fund balance. Amounts that are constrained for specific purposes by external parties (such as
grantor or bondholders), through constitutional provisions, or by enabling legislation.
f Committed fund balance. Amounts that are constrained for 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.
f 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 also reported as assigned.
f Unassigned fund balance. Amounts that are available for any purpose. Positive unassigned amounts are only
reported in the General Fund.
The City Council establishes (and modified 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 the 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:
f 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.
f 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.
f Unrestricted net position. Net position that is neither classified as restricted nor as net investment in capital
assets.
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 restricted fund balance and then to other, less restrictive classification – committed and then assigned
fund balances before using assigned fund balances.
F. USE OF ESTIMATES
The preparation of financial statements in conformity with accounting principles generally accepted in the United States
of America requires management to make estimates and assumptions that affect the amounts reported in the financial
statements and accompanying notes. Actual results could differ from those estimates.
G. PRIOR YEAR INFORMATION
Comparative amounts for the prior year have been presented in the basic financial statements to provide an
understanding of changes in the City’s financial position and operations. The comparative amounts may be summarized
in total and not at the level of detail required for a presentation in conformity with generally accepted accounting
principles. Accordingly, such information should be read in conjunction with the government’s financial statements for
the year ended December 31, 2018, from which the summarized information was derived.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
51
H. RECLASSIFICATIONS
Certain amounts in the prior year financial statements have been reclassified to conform with the presentation in the
current year financial statements with no change in previously reported net position, changes in net position, fund
balance or changes in fund balance.
NOTE 2: STEWARDSHIP AND COMPLIANCE
A. BUDGETS AND BUDGETARY ACCOUNTING
The City adopted budgets for the General Fund, certain Special Revenue Funds, certain Capital Project 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 City follows these procedures in establishing the budgetary data reflected in the basic financial statements:
1. 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.
2. A public hearing is conducted in the Council Chambers to obtain taxpayer comments.
3. At the second council meeting in November, the budget is legally enacted through passage of a resolution.
4. 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.
5. 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.
6. Budgetary expenditure control is exercised at the department level.
7. Budgeted amounts are as authorized in the original budget resolution and subsequent revisions authorized by
the Common Council.
8. All appropriations lapse at year end.
The City did not have any material violation of legal or contractual provisions for the fiscal year ended December 31,
2019.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
52
B. DEFICIT FUND EQUITY
The following funds had deficit fund balance or net position as of December 31, 2019:
Deficit Fund
Funds Balance
Nonmajor Special Revenue Funds
Public Works Special 105,260$
Nonmajor Capital Projects Funds
TIF #18 - SW Industrial #3 1,578,243
TIF #21 - Fox River Corridor 529,658
TIF #23 - SW Industrial Park 1,170,895
TIF #25 - City Center Hotel 1,764,870
TIF #26 - Aviation Business Park 1,954,971
TIF #27 - North Main Street 2,033,164
TIF #28 - Beach Building Redevelopment 2,999
TIF #29 - Morgan District 3,281
TIF #30 - Washington Building 433
TIF #31 - Buckstaff Redevelopment 59,698
TIF #35 - Oshkosh Ave Corridor 696,763
TIF #37 - Aviation Plaza 16,370
TIF #38 - Pioneer Redevelopment 1,500
The City anticipates funding the above deficits from future revenues of the funds.
C. PROPERTY TAX LEVY LIMIT
Wisconsin state statutes provide for a limit on the property tax levies for all Wisconsin cities, towns and counties. For
the 2019 and 2020 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 2019
budget was 1.26%. The actual limit for the City for the 2020 budget was 1.21%. Debt service for debt authorized after
July 1, 2005 is exempt from the levy limit. In addition, Wisconsin statutes allow the limit to be adjusted for the increase
in debt service authorized prior to July 1, 2005 and in certain other situations.
NOTE 3: DETAILED NOTES ON ALL FUNDS
A. 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 on 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. Investments in the private-purpose trust fund may be invested in other types of investments as
authorized user Wisconsin Statute 881.01, “Uniform Prudent Investor Act”.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
53
The carrying amount of the City’s cash and investments totaled $192,432,488 on December 31, 2019 as summarized
below:
Petty cash and cash on hand 14,335$
Deposits with financial institutions 155,696,143
Investments
Federal Farm Credit 4,191,297
Federal Home Loan Bank 3,013,691
Federal Home Loan Mortgage Corporation 6,487,078
Federal National Mortgage Association 1,008,473
Money market mutual funds 813,724
Municipal bonds 331,146
Negotiable CDs 2,323,513
Mutual funds 3,608,570
Oshkosh Community Foundation 4,194,560
Corporate stocks and bonds 649,846
Wisconsin local government investment pool 10,100,112
192,432,488$
Reconciliation to the basic financial statements:
Government-wide Statement of Net Position
Cash and investments 127,648,953$
Restricted cash and investments 18,409,417
Component Unit
Redevelopment Authority 136,737
Fiduciary Funds Statement of Net Position
Cash and investment 46,237,381
192,432,488$
Fair Value Measurements
The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted
accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level
1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant observable inputs; Level 3
inputs are significant unobservable inputs. The City has the following fair value measurements as of December 31,
2019:
Level 1 Level 2 Level 3
Investments
Federal Farm Credit -$ 4,191,297$ -$
Federal Home Loan Bank - 3,013,691 -
Federal Home Loan Mortgage Corporation - 6,487,078 -
Federal National Mortgage Association - 1,008,473 -
Money market mutual funds 813,724 - -
Municipal bonds - 331,146 -
Negotiable CDs - 2,323,513 -
Mutual funds 3,608,570 - -
Oshkosh Community Foundation - - 4,194,560
Corporate stocks and bonds - 649,846 -
4,422,294$ 18,005,044$ 4,194,560$
Fair Value Measurements Using:
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
54
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 policy.
Deposits with financial institutions within the State of Wisconsin are insured by the Federal Deposit Insurance
Corporation (FDIC) in the amount of $250,000 for the combined amount of all 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 for the combined amount of all deposit accounts per official custodian per depository institution Also, 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. This
coverage has been considered in determining custodial credit risk.
As of December 31, 2019, $139,936,239 of the City’s deposits with financial institutions were in excess of federal and
state depository insurance limits. All amounts above federal and state depository insurance limits were collateralized
with securities held by the pledging financial institution or its trust department or agent but not in the City’s name.
Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment.
This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Wisconsin
statutes limit investment in securities to the top two ratings assigned by nationally recognized statistical rating
organizations. Presented below is the actual rating as of the year-end for each investment type.
Not
Investment Type Amount AAA Aa Other Rated
Federal Farm Credit 4,191,297$ -$ 4,191,297$ -$ -$
Federal Home Loan Bank 3,013,691 - 3,013,691 - -
Federal Home Loan Mortgage Corporation 6,487,078 - 6,487,078 - -
Federal National Mortgage Association 1,008,473 - 1,008,473 - -
Money market mutual funds 813,724 637,000 100,363 - 76,361
Municipal bonds 331,146 100,363 230,783 - -
Negotiable CDs 2,323,513 105,272 - 1,727,023 491,218
Mutual funds 3,608,570 - - - 3,608,570
Oshkosh Community Foundation 4,194,560 - - - 4,194,560
Corporate stocks and bonds 649,846 - - - 649,846
Wisconsin Local Government
Investment Pool 10,100,112 - - - 10,100,112
Totals 36,722,010$ 842,635$ 15,031,685$ 1,727,023$ 19,120,667$
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, 2019
55
Information about the sensitivity of the fair values of the City’s investments to market interest rate fluctuations is
provided by the following table that shows the distribution of the City’s investments by maturity:
12 Months 13 to 24 25 to 60 More Than
Investment Type Amount or Less Months Months 60 Months
Federal Farm Credit 4,191,297$ 1,892,005$ 1,103,452$ 1,195,840$ -$
Federal Home Loan Bank 3,013,691 1,778,811 - 1,234,880 -
Federal Home Loan Mortgage Corporation 6,487,078 544,967 - 5,942,111 -
Federal National Mortgage Association 1,008,473 663,730 299,259 45,484 -
Money market mutual funds 813,724 713,361 100,363 - -
Municipal bonds 331,146 - 100,363 96,773 134,010
Negotiable CDs 2,323,513 661,810 1,407,824 253,879 -
Mutual funds 3,608,570 3,608,570 - - -
Oshkosh Community Foundation 4,194,560 4,194,560 - - -
Corporate stocks and bonds 649,846 649,846 - - -
Wisconsin Local Government
Investment Pool 10,100,112 10,100,112 - - -
Totals 36,722,010$ 24,807,772$ 3,011,261$ 8,768,967$ 134,010$
Remaining Maturity (in Months)
Investments with Fair Values Highly Sensitive to Interest Rate Fluctuations
The City’s investments include the following investments that are highly sensitive to interest rate fluctuations (to a
greater degree than already indicated in the information provided above):
Fair Value
Highly Sensitive Investments at Year End
Federal Farm Credit 4,191,297$
Federal Home Loan Bank 3,013,691
Federal Home Loan Mortgage Corporation 6,487,078
Federal National Mortgage Association 1,008,473
Investments in Wisconsin Local Government Investment Pool
The City has investments in the Wisconsin Local Government Investment Pool of $10,100,112 at year-end. The 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, 2019, the fair value of the City’s share of the LGIP’s
assets was substantially equal to the carrying value.
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
statues 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. The City’s investment in the Wisconsin Local
Government Investment Pool is not rated.
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. The City does not have a formal investment policy that limits investment maturities as a means of
managing its exposure to fair value losses arising from increasing interest rates. The investment held by the Wisconsin
Local Government Investment Pool mature in 12 months or less.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
56
Beneficial Interest in Assets Held by Oshkosh Community Foundation
Beneficial interest in assets held by Oshkosh Community Foundation represents amounts held at Oshkosh Community
Foundation, Inc. (the “Foundation”). These amounts are legal assets of the Foundation with the restriction that the
Foundation makes distributions to the City as needed. The agreement governing the assets includes a variance power
allowing the Foundation to modify the restrictions on distributions from the funds.
B. RESTRICTED ASSETS
Restricted assets on December 31, 2019 totaled $18,409,417 and consisted of cash and investments held for the
following purposes:
Funds Amount Purpose
Enterprise Funds
Water Utility
Plant replacement 1,134,295$ To account for funds specified for plant replacement
projects in subsequent years
Bond redemption fund 4,032,755 To be used for principal and interest payments o
water utility revenue bonds
Depreciation fund 146,889 To be used for the replacement of certain assets for
the City's water distribution plant
Total Water Utility 5,313,939
Sewer Utility
Bond redemption fund 4,638,433 To be used for principal and interest payments o
sanitary sewer utility revenue bonds
DNR replacement 2,018,962 To be used for the replacement of certain assets for
the City's sanitary sewer system.
Total Sewer Utility 6,657,395
Storm Water Utility
Bond redemption fund 6,438,083 To be used for principal and interest payments o
storm water utility revenue bonds
Total Enterprise Funds 18,409,417$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
57
C. CAPITAL ASSETS
Capital asset activity for the year ended December 31, 2019 was as follows:
Beginning Ending
Balance Increases Decreases Balance
Governmental activities:
Capital assets, nondepreciable:
Land 21,036,008$ 80,500$ 329,058$ 20,787,450$
Construction in pro ress 5,728,640 2,785,869 4,588,526 3,925,983
Total capital assets, nondepreciable 26,764,648 2,866,369 4,917,584 24,713,433
Capital assets, depreciable:
Buildin s, s stems and land improvements 68,788,594 1,690,415 4,105 70,474,904
Infrastructure 96,678,388 12,368,893 3,141,010 105,906,271
Machiner and equipment 62,274,777 4,732,729 1,442,776 65,564,730
Subtotals 227,741,759 18,792,037 4,587,891 241,945,905
Less accumulated depreciation for:
Buildin s, s stems and land improvements 19,939,598 1,451,554 1,716 21,389,436
Infrastructure 39,580,014 6,504,221 3,141,010 42,943,225
Machiner and equipment 36,747,541 3,124,393 1,442,776 38,429,158
Subtotals 96,267,153 11,080,168 4,585,502 102,761,819
Total capital assets, depreciable, net 131,474,606 7,711,869 2,389 139,184,086
Governmental activities capital assets, net 158,239,254$ 10,578,238$ 4,919,973$ 163,897,519
Less: Capital related debt 113,645,716
Less: Debt premium 3,297,441
Less: Deferred ain on refundin 12,075
Add: Deferred char e on refundin 376,994
Net investment in capital assets 47,319,281$
Business-t pe activities:
Capital assets, nondepreciable:
Land 12,821,920$ -$ 34,315$ 12,787,605$
Construction in pro ress 5,613,801 19,546,765 8,739,276 16,421,290
Total capital assets, nondepreciable 18,435,721 19,546,765 8,773,591 29,208,895
Capital assets, depreciable:
Buildin s, s stems and land improvements 391,672,003 11,337,010 1,009,430 401,999,583
Machiner and equipment 70,991,609 2,778,552 1,018,002 72,752,159
Subtotals 462,663,612 14,115,562 2,027,432 474,751,742
Less accumulated depreciation for:
Buildin s, s stems and land improvements 95,098,872 8,196,922 905,699 102,390,095
Machiner and equipment 42,672,334 2,544,530 991,641 44,225,223
Subtotals 137,771,206 10,741,452 1,897,340 146,615,318
Total capital assets, depreciable, net 324,892,406 3,374,110 130,092 328,136,424
Business-t pe activities capital assets, net 343,328,127$ 22,920,875$ 8,903,683$ 357,345,319
Less: Capital related debt 205,297,068
Less: Debt premium 7,047,954
Add: Deferred char e on refundin 221,388
Net investment in capital assets 145,221,685$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
58
Depreciation expense was charged to functions of the City as follows:
Governmental activities
General overnment 453,593$
Public safet 1,246,918
Public works 6,338,577
Culture and recreation 1,454,144
Communit develo ment 1,586,936
Total depreciation expense - overnmental activities 11,080,168$
Business-t e activities
Transit utilit 794,541$
Water utilit 3,473,118
Water utilit char ed to other operatin accounts 113,069
Sewer utilit 3,877,354
Storm water utilit 2,183,877
Other 299,493
Total de reciation ex ense - business-t e activities 10,741,452$
D. INTERFUND RECEIVABLE, PAYABLES, AND TRANSFERS
Interfund receivables and payables between individual funds of the City, as reported in the fund financial statements, as
of December 31, 2019 are detailed below:
Interfund Interfund
Receivables Payables
Governmental funds
General 8,348,525$ -$
Nonma or overnmental
Special revenue 51,397 100,760
Capital pro ects 1,343,000 9,879,015
Permanent - 51,397
Total overnmental activities 9,742,922 10,031,172
Proprietar funds
Sewer utilit 3,136,355 -
Nonma or enter rise - 2,848,105
Total business-t pe activities 3,136,355 2,848,105
Totals 12,879,277$ 12,879,277$
Interfund transfers for the year ended December 31, 2019 were as follows:
Transfer Transfer
Fund In Out
Governmental funds
General 1,000,000$ -$
Nonmajor governmental 2,276,732 274,550
Total governmental funds 3,276,732 274,550
Proprietar funds
Water utilit - 1,000,000
Nonma or enterprise - 2,002,182
Total enterprise funds - 3,002,182
Totals 3,276,732$ 3,276,732$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
59
Interfund transfers were made for the following purposes:
Tax equivalent payment made by water utility to general fund 1,000,000$
Transfer from Library Perm Fund (Trust Funds) 80,000
Transfer to close out the Golf Course Fund and move into Parks 2,002,182
Miscellaneous transfers as approved in annual budget process 194,550
3,276,732$
E. LOANS RECEIVABLES
Loans receivable of $4,600,028 in the Community Development Block Grant, Rental Rehabilitation Loan Program, and
Local Revolving Loan Program special revenue funds represents noninterest bearing loans made to City residents as
part of the City’s participation in the Community Block Grant Program for residential rehabilitation. These notes are
payable to the City at the time the property is sold or at the time the property is no longer occupied by the owner and is
due to the funding agency upon termination of the program.
F. LONG-TERM OBLIGATIONS
The following is a summary of changes in long-term obligations of the City for the year ended December 31, 2019:
Beginning Ending Due Within
Balance Issued Retired Balance One Yea
Governmental activities:
General Obligation Debt
Bonds and notes 112,180,096$ 16,000,000$ 14,994,180$ 113,185,916$ 14,115,095$
Debt premium 2,652,892 931,315 286,766 3,297,441 -
Compensated absences 4,434,862 106,328 - 4,541,190 -
Governmental activities
Long-term obligations 119,267,850$ 17,037,643$ 15,280,946$ 121,024,547$ 14,115,095$
Business-type activities:
General Obligation Debt
Transit utilit 1,161,000$ -$ 135,000$ 1,026,000$ 140,000$
Water utilit 4,669,194 925,000 1,779,194 3,815,000 715,000
Sewer utilit 6,653,459 1,135,000 2,318,459 5,470,000 1,025,000
Storm water utilit 5,469,857 3,280,000 4,214,857 4,535,000 675,000
Parking utilit 25,000 - - 25,000 -
Oshkosh Redevelopment 1,895,000 - 235,000 1,660,000 235,000
Industrial Park 735,000 - 235,000 500,000 100,000
Total General Obligation Debt 20,608,510 5,340,000 8,917,510 17,031,000 2,890,000
Revenue bonds
Water utilit 47,330,208 8,220,000 5,229,516 50,320,692 4,012,244
Sewer utilit 56,802,571 13,990,000 11,002,195 59,790,376 3,706,402
Storm water utilit 74,135,000 8,060,000 3,540,000 78,655,000 3,980,000
Total revenue bonds 178,267,779 30,270,000 19,771,711 188,766,068 11,698,646
Debt premium
Water utilit 1,517,236 577,566 131,122 1,963,680 -
Sewer utilit 1,405,707 963,470 123,301 2,245,876 -
Storm water utilit 2,245,334 770,210 177,146 2,838,398 -
Total debt premium 5,168,277 2,311,246 431,569 7,047,954 -
Compensated absences 833,790 226,645 - 1,060,435 -
Business-type activities
Long-term obligations 204,878,356$ 38,147,891$ 29,120,790$ 213,905,457$ 14,588,646$
Total interest paid during the year on long-term debt totaled $9,419,013.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
60
General Obligation Debt
General obligation debt currently outstanding is detailed as follows:
Date o Principal Interest Interest Original Balance
Issue payable payable Rates Indebtedness 12/31/19
Refunding bonds:
2010C 8/25/10 12/1/11 - 6/1/24 6/1 - 12/1 2.00 - 3.25% 12,620,000$ 2,105,000$
2010D 8/26/10 12/1/11 - 21 6/1 - 12/1 0.75 - 3.90% 8,420,000 1,480,000
2011 3/16/11 12/1/11 - 22 6/1 - 12/1 2.00 - 3.50% 8,490,000 2,690,000
2011B 3/16/11 3/15/12 - 23 3/15 - 9/15 2.00 - 4.70% 6,350,000 1,715,000
2012 6/28/12 12/1/13 - 27 6/1 - 12/1 0.40 - 3.00% 5,595,000 1,830,000
2016C 7/6/16 12/1/17 - 34 6/1 - 12/1 2.25 - 3.00% 9,850,000 8,980,000
2016H 10/6/16 12/1/17 - 30 6/1 - 12/1 3.00 - 4.00% 6,890,000 5,695,000
Corporate purpose bonds:
2011C 11/1/11 6/1/12 - 31 6/1 - 12/1 2.00 - 4.00% 9,965,000 6,085,000
2012B 11/1/12 12/1/13 - 31 6/1 - 12/1 2.00 - 3.00% 12,480,000 8,120,000
2013B 12/4/13 12/1/14 - 33 6/1 - 12/1 2.00 - 4.00% 9,080,000 6,860,000
2014B 11/5/14 12/1/15 - 33 6/1 - 12/1 2.00 - 3.00% 14,455,000 10,130,000
2015 7/15/15 12/1/16 - 34 6/1 - 12/1 2.00 - 4.00% 18,750,000 14,315,000
2016 6/14/16 12/1/17 - 35 6/1 - 12/1 2.00 - 4.00% 7,950,000 4,320,000
2017A 7/6/17 12/1/18 - 36 6/1 - 12/1 3.00 - 4.00% 5,440,000 4,910,000
2018A 6/28/18 12/1/18 - 37 6/1/ - 12/1 3.00 - 3.50% 5,545,000 5,340,000
2019A 6/27/19 12/1/20 - 38 6/1/ - 12/1 2.75 - 4.00% 5,380,000 5,380,000
Promissory notes:
STFL 05 5/31/05 3/15/07 - 25 3/15 5.00% 200,000 80,655
2010B 9/2/10 8/1/11 - 20 2/1 - 8/1 0.80 - 3.55% 4,150,000 555,000
2011D 11/1/11 6/1/12 - 21 6/1 - 12/1 2.35% 2,895,000 640,000
2012C 11/1/12 12/1/13 - 21 6/1 - 12/1 2.00% 3,660,000 840,000
STFL 13 3/8/13 3/15/14 - 22 3/15 2.75% 2,000,000 723,517
STFL 13 4/3/13 3/15/14 - 23 3/15 2.75% 640,000 276,628
STFL 13 11/19/13 3/15/14 - 23 3/15 2.75% 2,644,100 1,265,821
2013C 12/4/13 12/1/14 - 23 6/1 - 12/1 2.00 - 3.00% 1,690,000 720,000
2014C 11/5/14 12/1/15 - 23 6/1 - 12/1 2.00% 2,615,000 1,200,000
STFL 15 2/17/15 3/15/16- 24 3/15 3.50% 1,250,000 743,673
2015B 7/15/15 12/1/16 - 24 6/1 - 12/1 2.00 - 3.00% 4,210,000 2,415,000
STFL 16 7/19/16 3/15/17- 26 3/15 3.00% 711,300 514,276
2016B 9/14/16 12/1/17 - 25 6/1 - 12/1 2.00 - 4.00% 4,700,000 3,180,000
2017B 7/6/17 12/1/18 - 26 6/1 - 12/1 2.00 - 4.00% 5,830,000 1,450,000
STFL CONV CENTER 8/21/17 3/15/18 - 27 3/15 4.50% 1,500,000 4,510,000
2018B 6/28/18 12/1/19 - 27 6/1-12/1 3.00 - 4.00% 5,895,000 5,195,000
2018SB 11/1/18 11/1/18 - 32 11/1 4.00% 140,000 132,346
2019B 6/27/19 12/1/19 - 28 6/1-12/1 3.00 - 4.00% 15,820,000 15,820,000
Total Outstanding General Obligation Debt 130,216,916$
Annual principal and interest maturities of the outstanding general obligation debt of $130,219,916 on December 31,
2019 are detailed below:
December 31,
Year Ended Principal Interest Principal Interest Principal Interest
2020 14,115,095$ 3,661,203$ 2,890,000$ 607,021$ 17,005,095$ 4,268,224$
2021 13,288,791 3,029,863 2,683,715 444,238 15,972,506 3,474,101
2022 11,305,000 2,628,781 2,435,712 356,724 13,740,712 2,985,505
2023 10,791,294 2,288,754 1,949,069 279,990 12,740,363 2,568,744
2024 9,768,394 1,961,638 1,687,695 219,540 11,456,089 2,181,178
2025 - 2029 34,675,562 5,958,866 4,579,809 438,533 39,255,371 6,397,399
2030 - 2034 16,911,780 1,790,493 805,000 62,541 17,716,780 1,853,034
2035 - 2038 2,330,000 146,175 - - 2,330,000 146,175
113,185,916$ 21,465,773$ 17,031,000$ 2,408,587$ 130,216,916$ 23,874,360$
Governmental Activities Business-type Activities Totals
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
61
For governmental activities, the other long-term liabilities are generally funded by the general fund.
Legal Margin for New Debt
The City’s legal margin for creation of additional general obligation debt on December 31, 2019 was $82,552,374 as
follows:
Equalized valuation of the City 4,211,595,500$
Statutory limitation percentage (x) 5%
General obligation debt limitation, per Section 67.03 of the
Wisconsin Statutes 210,579,775
Total outstanding general obligation debt applicable to debt limitation 130,216,916$
Less: Amounts available for financing general obligation debt
Debt service fund 2,189,515
Net outstanding general obligation debt applicable to debt limitation 128,027,401
Legal margin for new deb 82,552,374$
Revenue Bonds
Revenue bonds outstanding on December 31, 2019 totaled $188,766,068 and were comprised of the following issues:
Issue Year of Principal Interest Interest Original Balance
Number Issue Payable Payable Rates Indebtedness 12/31/19
Water Utility
Safe Drinking Revenue Bond 4874-98 2001 5/1/02 - 21 5/1 & 11/1 2.97% 3,483,913 439,383$
Safe Drinking Revenue Bond 4874-02 2008 5/1/10 - 28 5/1 & 11/1 2.75% 1,344,824 3,866,309
Revenue Bond 2012F 2012 1/1/14 - 32 1/1 & 7/1 0.85 - 5.15% 5,430,000 3,860,000
Revenue Bond 2013E 2013 1/1/15 - 33 1/1 & 7/1 2.25 - 3.125% 3,785,000 2,650,000
Revenue Bond 2014E 2014 1/1/16 - 34 1/1 & 7/1 2.00 - 4.125% 3,795,000 2,755,000
Revenue Bond 2015E 2015 1/1/16 - 35 1/1 & 7/1 2.00 - 4.00% 6,660,000 5,650,000
Revenue Bond 2016F 2016 1/1/17 - 36 1/1 & 7/1 3.00 - 4.00% 6,835,000 5,990,000
Refunding Revenue Bond 2016G 2016 1/1/17 - 30 1/1 & 7/1 2.00 - 3.00% 11,690,000 8,750,000
Revenue Bond 2017C 2017 1/1/18 - 37 1/1 & 7/1 2.00 - 4.00% 8,880,000 8,140,000
Revenue Bond 2019 D 2019 1/1/19 - 37 1/1 & 7/1 3.00 - 5.00% 8,220,000 8,220,000
Sewer Utility
Clean Water Revenue Bond 4130-05 2004 5/1/05 - 24 5/1 & 11/1 2.396% 1,989,231 1,009,514
Revenue Bond 2012E 2012 5/1/13 - 32 5/1 & 11/1 2.25 - 3.00% 6,270,000 4,145,000
Revenue Bond 2013D 2013 1/1/14 - 33 5/1 & 11/1 2.00 - 4.125% 4,175,000 3,025,000
Revenue Bond 2014D 2014 5/1/15 - 34 5/1 & 11/1 2.00 - 4.00% 5,980,000 4,685,862
Clean Water Revenue Bond 4130-14 2014 5/1/15 - 34 5/1 & 11/1 2.625% 5,706,185 4,555,000
Revenue Bond 2015D 2015 5/1/16 - 35 5/1 & 11/1 2.00 - 4.00% 6,695,000 5,575,000
Revenue Bond 2016D 2016 5/1/17 - 36 5/1 & 11/1 2.00 - 3.00% 10,045,000 8,670,000
Revenue Bond 2017D 2017 5/1/18 - 37 5/1 & 11/1 3.00 - 5.00% 15,075,000 14,135,000
Revenue Bond 2019E 2019 5/1/20 - 39 5/1 & 11/1 2.00 - 4.00% 13,990,000 13,990,000
Storm Water Utility
Revenue Bond 2012D 2012 5/1/13 - 32 5/1 & 11/1 3.00 - 3.12% 6,810,000 4,860,000
Revenue Bond 2013A 2013 1/1/14 - 33 5/1 & 11/1 3.00 - 4.125% 15,220,000 11,780,000
Revenue Bond 2014A 2014 5/1/15 - 34 5/1 & 11/1 2.00 - 4.00% 8,300,000 6,770,000
Revenue Bond 2015C 2015 5/1/16 - 35 5/1 & 11/1 3.00 - 4.00% 13,115,000 10,760,000
Revenue Bond 2016E 2016 5/1/17 - 36 5/1 & 11/1 2.00 - 3.00% 5,175,000 4,580,000
Refunding Revenue Bond 2016E 2016 5/1/17 - 30 5/1 & 11/1 2.00 - 4.00% 15,295,000 12,810,000
Revenue Bond 2017E 2017 5/1/18 - 37 5/1 & 11/1 3.00 - 5.00% 9,720,000 9,160,000
Revenue Bond 2018C 2018 5/1/19 - 38 5/1 & 11/1 4.00 - 5.00% 10,060,000 9,875,000
Revenue Bond 2019C 2019 5/1/20 - 39 5/1 & 11/1 3.00 - 5.00% 8,060,000 8,060,000
Total Outstanding Revenue Bonds 188,766,068$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
62
Annual principal and interest maturities of the outstanding revenue bonds of $188,766,068 on December 31, 2019 are
detailed below:
Year Ended
December 31, Principal Interest Total
2020 11,698,646$ 6,180,947$ 17,879,593$
2021 12,305,251 5,608,709 17,913,960
2022 11,973,731 5,204,110 17,177,841
2023 12,000,403 4,805,143 16,805,546
2024 12,197,608 4,401,518 16,599,126
2025 - 2029 59,917,325 16,077,338 75,994,663
2030 - 2034 49,523,104 6,743,408 56,266,512
2035 - 2039 19,150,000 1,060,494 20,210,494
188,766,068$ 50,081,667$ 238,847,735$
Business-type Activities
Utility Revenues Pledged
The City’s utilities have pledged future water, sewer, and storm water customer revenues, net of specified operating
expenses, to repay the revenue bonds through 2039. Proceeds from the bonds provided financing for the construction
or acquisition of capital assets used with the systems. A summary of net customer revenues and remaining principal
and interest due on revenue bonds follows:
Water Sewer Storm Water
Utility Utility Utility
Net customer revenues
Operating revenues 16,109,837$ 15,192,344$ 10,753,050$
Other income 338,498 457,663 511,276
Total revenues 16,448,335 15,650,007 11,264,326
Less: Operating expenses 5,946,820 6,502,032 2,425,564
Net customer revenues 10,501,515$ 9,147,975$ 8,838,762$
Debt service
Principal 5,229,516$ 11,002,195$ 3,540,000$
Interest 749,342 1,726,734 2,624,038
Total debt service 5,978,858$ 12,728,929$ 6,164,038$
Remaining principal and interest 61,847,007$ 75,403,797$ 101,596,932$
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 qualify 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.
G. CONDUIT DEBT OBLIGATIONS
From time to time, the City has issued Industrial Revenue Bonds to provide financial assistance to private sector entities
for the acquisition and construction of industrial and commercial facilities deemed to be in the public interest. The bonds
are secured by the property financed and are payable solely from payments received on the underlying mortgage loans.
Upon repayment of the bonds, ownership of the acquired facilities transfers to the private-sector entity served by the
bond issuance. Neither the City, the State, nor any political subdivision thereof is obligated in any manner for repayment
of the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
63
H. PENSION PLAN
1. Plan Description
The WRS is a cost-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.
ETF issues a standalone Comprehensive Annual Financial Report (CAFR), which can be found at
http://etf.wi.gov/publications/cafr.htm.
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
executive service retirement plan participants, if hired on or before December 31, 2016 are entitled to a retirement
benefit based on a formula factor, their final average earnings, and creditable service.
Final average earnings is the average of the participant’s three highest earnings periods. Creditable service
includes current service and prior service for which a participant received earnings and made contributions as
required. Creditable service also includes creditable military service. The retirement benefit will be calculated as a
money purchase benefit based on the employee’s contributions plus matching employer’s contributions, with
interest, if that benefit is higher than the formula benefit.
Vested participants may retire at or after age 55 (50 for protective occupations) and receive an actuarially-reduced
benefit. Participants terminating covered employment prior to eligibility for an annuity may either receive employee-
required contributions plus interest as a separation benefit or leave contributions on deposit and defer application
until eligible to receive a retirement benefit.
The WRS also provides death and disability benefits for employees.
2. 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:
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
64
Year Core Fund Adjustment Variable Fund Adjustment
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
2015 2.9 2
2016 0.5 (5)
2017 2 4
2018 2.4 17
3. 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. Starting on January 1,
2016, the Executives and Elected Officials category was merged into the General Employee Category. 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 year ending December 31, 2019, the WRS recognized $3,553,329 in contributions from the City.
Contribution rates for the reporting period are:
Employee Category Employee Employer
General (including teachers, executives and elected officials) 6.55% 6.55%
Protective with Social Security 6.55% 10.55%
Protective without Social Security 6.55% 14.95%
4. Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources
Related to Pensions
At December 31, 2019, the City reported a liability of $11,923,578 for its proportionate share of the net pension
liability. The net pension liability was measured as of December 31, 2018, and the total pension liability used to
calculate the net pension liability was determined by an actuarial valuation as of December 31, 2017 rolled forward
to December 31, 2018. 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 liability was based on the City’s
share of contributions to the pension plan relative to the contributions of all participating employers. At
December 31, 2018, the City’s proportion was 0.335149480%, which was an increase of 0.00971414% from its
proportion measured as of December 31, 2017.
For the year ended December 31, 2019, the City recognized pension expense of $8,053,758.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
65
At December 31, 2019, the City reported deferred outflows of resources and deferred inflows of resources related
to pensions from the following sources:
Deferred Outflows Deferred Inflows
of Resources of Resources
Differences between expected and actual experience 9,286,661$ 16,415,479$
Net differences between projected and actual
earnings on pension plan investments 17,413,573 -
Changes in assumptions 2,009,879 -
Changes in proportion and differences between
employer contributions and proportionate share
of contributions 37,587 93,232
Employer contributions subsequent to the
measurement date 3,553,329 -
Total 32,301,029$ 16,508,711$
$3,553,329 reported as deferred outflows related to pension resulting from the City’s contributions subsequent to
the measurement date will be recognized as a reduction of the net pension liability (asset) in the year ended
December 31, 2020. Other amounts reported as deferred outflows of resources and deferred inflows of resources
related to pension will be recognized in pension expense as follows:
Year Ended
December 31, Expense
2020 4,437,020$
2021 1,100,124
2022 1,944,889
2023 4,756,956
Total 12,238,989$
5. Actuarial Assumptions
The total pension liability in the December 31, 2018, actuarial valuation was determined using the following
actuarial assumptions, applied to all periods included in the measurement:
Actuarial Valuation Date: December 31, 2017
Actuarial Cost Method: Entry Age
Asset Valuation Method: Fair Value
Long-term Expected Rate of Return: 7.0%
Discount Rate: 7.0%
Salary Increases:
Inflation 3.0%
Seniority/Merit 0.1% - 5.6%
Mortality Wisconsin 2018 Mortality Table
Post-retirement Adjustments* 1.9%
No post-retirement adjustment is guaranteed. Actual adjustments are based on recognized investment return,
actuarial experience and other factors. 1.9% is the assumed annual adjustment based on the investment return
assumption and the post-retirement discount rate.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
66
Actuarial assumptions are based upon an experience study conducted in 2018 that covered a three-year period
from January 1, 2015 to December 31, 2017. Based on this experience study, actuarial assumptions used to
measure the total pension liability changed from prior year, including the discount rate, long-term expected rate of
return, post-retirement adjustment, wage inflation rate, mortality and separation rates. The total pension liability for
December 31, 2018 is based upon a roll-forward of the liability calculated from the December 31, 2017 actuarial
valuation.
Long-term Expected Return on Plan Assets. The long-term expected rate of return on pension plan investments
was determined using a building-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 Long-term
Current Asset Expected Nominal Expected Real
Allocation % Rate of Return % Rate of Return %
Core Fund Asset Class
Global equities 49% 8.1% 5.5%
Fixed income 24.5% 4.0% 1.5%
Inflation sensitive assets 15.5% 3.8% 1.3%
Real estate 9% 6.5% 3.9%
Private equity/debt 8% 9.4% 6.7%
Multi-asset 4% 6.7% 4.1%
Total Core Fund 110% 7.3% 4.7%
Variable Fund Asset Class
U.S. equities 70% 7.6% 5.0%
International equities 30% 8.5% 5.9%
Total Variable Fund 100% 8.0% 5.0%
New England Pension Consultants Long Term US CPI (Inflation) Forecast: 2.5%
Asset Allocations are managed within established ranges, target percentages may
differ from actual monthly allocations
Single Discount Rate. A single discount rate of 7.00% was used to measure the total pension liability, as opposed
to a discount rate of 7.20% for the prior year. This single discount rate was based on the expected rate of return on
pension plan investments of 7.00% and a long-term bond rate of 3.71%. Because of the unique structure of WRS,
the 7.00% expected rate of return implies that a dividend of approximately 1.9% 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 members 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 municipal bond rate of return on pension plan investments was applied to
all periods of projected benefit payments to determine the total pension liability.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
67
Sensitivity of the City’s proportionate share of the net pension liability (asset) to changes in the discount
rate. The following presents the City’s proportionate share of the net pension liability (asset) calculated using the
discount rate of 7.00 percent, as well as what the City’s proportionate share of the net pension liability (asset) would
be if it were calculated using a discount rate that is 1-percentage-point lower (6.00 percent) or 1-percentage-point
higher (8.00 percent) than the current rate:
1% Decrease to Current 1% Increase to
Discount Rate Discount Rate Discount Rate
(6.00%) (7.00%) (8.00%)
City's proportionate share of
the net pension liability (asset) 47,385,553$ 11,923,578$ (14,445,148)$
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://etf.wi.gov/publications/cafr.htm.
6. Payables to the Pension Plan
At December 31, 2019, the City reported a payable of $696,395 for the outstanding amount of contributions to the
pension plan for the year ended December 31, 2019.
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 2019 was approximately $7,438. The total estimated future costs to the City of this plan as of
December 31, 2019 is not determinable.
I. OTHER POSTEMPLOYMENT BENEFITS
The City reports OPEB related balances at December 31, 2019 as summarized below:
Deferred Deferred
OPEB Outflows of Inflows of OPEB
Liability Resources Resources Expense
Local Retiree Life Insurance Fund (LRLIF) 1,838,727$ 247,385$ 491,839$ 187,694$
Single-employer defined OPEB plan 5,074,715 110,413 257,300 498,816
Total OPEB balances 6,913,442$ 357,798$ 749,139$ 686,510$
1. Single-employer Defined Postemployment Benefit Plan - 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.
Benefits Provided
The City provides medical (including prescription drugs) and dental coverage for retired employees through the
City’s self-insured plans. Retirees may continue in the plan by paying 100% of the premium until the retiree is
eligible for Medicare.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
68
Employees Covered by Benefit Terms
At December 31, 2019, the following employees were covered by the benefit terms:
Inactive employees or beneficiaries currently receiving benefit payments 29
ctive employees 564
593
Contributions
Certain retired plan members and beneficiaries currently receiving benefits are required to contribute specified
amounts monthly towards the cost of insurance premiums based on the employee group and their retirement date.
City paid medical and dental benefits are paid until the retiree or surviving spouse becomes eligible for Medicare.
Net OPEB Liability
The City’s total OPEB liability was measured as of December 31, 2018, and the total OPEB liability was determined
by an actuarial valuation as of December 31, 2019.
Actuarial Assumptions.The total OPEB liability in the December 31, 2019 actuarial valuation was determined
using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise
specified:
Valuation date: December 31, 2019
Measurement date: December 31, 2018
Interest discount rate: 4.10%
Salary increases including inflation In addition to the merit and longevity increase,
each person is assumed to get an economic
increase of 3.0% each year.
Mortality: Rates are based on the Wisconsin 2018
Mortality table, multiplied by 50% for males
and females, in connection with the 2015-2017
Experience Study performed by the actuary
for the Wisconsin Retirement System.
ctuarial cost method Entry Age Normal
Mortality rates are the same as those used in the December 2018 Wisconsin Retirement System’s annual report.
The actuarial assumptions used in the December 31, 2019 valuation were based on the “Wisconsin Retirement
System 2015 - 2017 Experience Study”.
The long-term expected rate of return on OPEB plan investments was valued at 4.10%. A blend of expected
earnings on City funds and the current yield for 20 year tax-exempt AA Municipal bond rate or higher as of the
measurement date was used for all years of benefit payments.
Discount Rate.The discount rate used to measure the total OPEB liability was 4.10%. The projection of cash flows
used to determine the discount rate assumed that City contributions will be made at rates equal to the actuarially
determined contribution rates.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
69
Changes in the Total OPEB Liability
Increase (Decrease)
Total OPEB
Liability
Balance at January 1, 2019 4,967,262$
Changes for the year:
Service cost 334,296
Interest 180,345
Effect of assumption changes (288,188)
Recognition of assumption changes -
Benefit payments (119,000)
Net changes 107,453
Balance at December 31, 2019 5,074,715$
Sensitivity of the total OPEB liability to changes in the discount rate.The following presents the total OPEB
liability of the City would be if it were calculated using a discount rate that is 1-percentage-point lower (3.10%) or 1-
percentage-point higher (4.10%) than the current rate:
1% Decrease to Current 1% Increase to
Discount Rate Discount Rate Discount Rate
(3.10%) (4.10%) (5.10%)
Total OPEB liability 5,516,727$ 5,074,715$ 4,664,657$
Sensitivity of the total OPEB liability to changes in the healthcare cost trend rates. The following presents the total
OPEB liability of the City would be if it were calculated using healthcare cost trend rates that are 1-percentage-point
lower or 1-percentage-point higher than the current healthcare cost trend rates:
Current
Healthcare Cost
1% Decrease Trend Rates 1% Increase
Total OPEB liability 4,501,049$ 5,074,715$ 5,748,586$
OPEB Expense and Deferred Outflows of Resources Related to OPEB
For the year ended December 31, 2019, the City recognized OPEB expense of $498,816. At December 31, 2019,
the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the
following sources:
Deferred Outflows Deferred Inflows
of Resources of Resources
Changes in assumptions 110,413$ 257,300$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
70
The amounts above reported as deferred outflows of resources related to OPEB will be recognized in other
postemployment benefits expense as follows:
Year Ended
December 31, Expense
2020 (15,825)$
2021 (15,825)
2022 (15,825)
2023 (15,825)
2024 (15,825)
Thereafte (67,762)
Total (146,887)$
Payable to the OPEB Plan
At December 31, 2019, the City reported no payable of for the outstanding amount of contribution to the Plan
required for the year ended December 31, 2019.
2. Local Retiree Life Insurance Fund
Plan Description
The LRLIF is a cost-sharing multiple-employer defined benefit OPEB plan. LRLIF benefits and other plan provisions
are established by Chapter 40 of the Wisconsin Statutes. The Wisconsin Department of Employee Trust Funds
(ETF) and the Group Insurance Board have statutory authority for program administration and oversight. The plan
provides postemployment life insurance benefits for all eligible employees.
OPEB Plan Fiduciary Net Positon
ETF issues a standalone Comprehensive Annual Financial Report (CAFR), which can be found at
http://etf.wi.gov/publications/cafr.htm.
Benefits Provided
The LRLIF plan provides fully paid up life insurance benefits for post-age 64 retired employees and pre-65 retirees
who pay for their coverage.
Contributions
The Group Insurance Board approves contribution rates annually, based on recommendations from the insurance
carrier. Recommended rates are based on an annual valuation, taking into consideration an estimate of the present
value of future benefits and the present value of future contributions. A portion of employer contributions made
during a member’s working lifetime funds a post-retirement benefit.
Employers are required to pay the following contributions based on employee contributions for active members to
provide them with Basic Coverage after age 65. There are no employer contributions required for pre-age 65
annuitant coverage. If a member retires prior to age 65, they must continue paying the employee premiums until
age 65 in order to be eligible for the benefit after age 65.
Contribution rates as of December 31, 2019 are:
Coverage Type Employer Contribution
50% Post-retirement coverage 40% of employee contribution
25% Post-retirement coverage 20% of employee contribution
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
71
Employee contributions are based upon nine age bands through age 69 and an additional eight age bands for
those age 70 and over. Participating employees must pay monthly contribution rates per $1,000 of coverage until
the age of 65 (age 70 if active). The employee contribution rates in effect for the year ended December 31, 2018
are listed below:
Attained Age Basic Supplemental
Under 30 $0.05 $0.05
30 - 34 0.06 0.06
35 - 39 0.07 0.07
40 - 44 0.08 0.08
45 - 49 0.12 0.12
50 - 54 0.22 0.22
55 - 59 0.39 0.39
60 - 64 0.49 0.49
65 - 69 0.57 0.57
* Disabled members under age 70 receive a waiver-of-premium benefit
Life Insurance
Employee Contribution Rates
For the Year Ended December 31, 2018
During the reporting period, the LRLIF recognized $13,774 in contributions from the employer.
OPEB Liabilities, OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related
to OPEB
At December 31, 2019, the City reported a liability of $1,838,727 for its proportionate share of the net OPEB
liability. The net OPEB liability was measured as of December 31, 2018, and the total OPEB liability used to
calculate the net OPEB liability was determined by an actuarial valuation as of December 31, 2017 rolled forward to
December 31, 2018. No material changes in assumptions or benefits terms occurred between the actuarial
valuation date and the measurement date. The City’s proportion of the net OPEB liability was based on the City’s
share of contributions to the OPEB plan relative to the contributions of all participating employers. At December 31,
2018, the City’s proportion was 0.71259100%, which was an increase of 0.000092400% from its proportion
measured as of December 31, 2017.
For the year ended December 31, 2019, the City recognized OPEB expense of $187,694.
At December 31, 2019, the City reported deferred outflows of resources and deferred inflows of resources related
to OPEB from the following sources:
Deferred Outflows Deferred Inflows
of Resources of Resources
Differences between expected and actual experience -$ 93,277$
Net differences between projected and actual
earnings on OPEB plan investments 43,943 -
Changes in assumptions 175,443 398,562
Changes in proportion and differences between
employer contributions and proportionate share
of contributions 27,999 -
Total 247,385$ 491,839$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
72
Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be
recognized in OPEB expense as follows:
Year Ended
December 31, Expense
2020 (31,162)$
2021 (31,162)
2022 (31,162)
2023 (37,333)
2024 (43,690)
Thereafte (69,945)
Total (244,454)$
Actuarial assumptions.The total OPEB liability in the January 1, 2018 actuarial valuation was determined using the
following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:
ctuarial valuation date: January 1, 2018
ctuarial cost method: Entry age normal
20 year tax-exempt municipal bond yield: 4.10%
Long-term expected rate of return: 5.00%
Discount rate: 4.22%
Salary increases:
Inflation 3.00%
Seniority/Merit 0.1% - 5.6%
Mortality: Wisconsin 2018 Mortality Table
Actuarial assumptions are based upon an experience study conducted in 2018 that covered a three-year period
from January 1, 2015, to December 31, 2017. Based on this experience study, actuarial assumptions used to
measure the total OPEB liability changed from prior year, including the discount rate, wage inflation rate, mortality,
and separation rates. The total OPEB liability for December 31, 2018, is based upon a roll-forward of the liability
calculated from the December 31, 2017, actuarial valuation.
Long-term expected return on plan assets. The long-term expected rate of return is determined by adding
expected inflation to expected long-term real returns and reflecting expected volatility and correlation. Investments
for the LRLIF are held with Securian, the insurance carrier. Interest is calculated and credited to the LRLIF based
on the rate of return for a segment of the insurance carriers’ general fund, specifically 10-year A- Bonds (as a
proxy, and not tied to any specific investments). The overall aggregate interest rate is calculated using a tiered
approach based on the year the funds were originally invested and the rate of return for that year. Investment
interest is credited based on the aggregate rate of return and assets are not adjusted to fair market value.
Furthermore, the insurance carrier guarantees the principal amounts of the reserves, including all interest
previously credited thereto.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
73
Long-term
Target Expected Geometric
Asset Class Index Allocation Real Rate of Return %
U.S. Government Bonds Barclays Government 1% 1.44%
U.S. Credit Bonds Barclays Credit 40% 2.69%
U.S. Long Credit Bonds Barclays Long Credit 4% 3.01%
U.S. Mortgages Barclays MBS 54% 2.25%
U.S. Municipal Bonds Bloomberg Barclays Muni 1% 1.68%
Inflation 2.30%
Long-term expected rate of return 5.00%
Local OPEB Life Insurance
Asset Allocation Targets and Expected Returns
As of December 31, 2018
Single discount rate.A single discount rate of 4.22% was used to measure the total OPEB liability, as opposed to a
discount rate of 3.63% for the prior year. The Plan’s fiduciary net position was projected to be insufficient to make
all projected future benefit payments of current active and inactive employees. Therefore, the discount rate for
calculating the total OPEB liability is equal to the single equivalent rate that results in the same actuarial present
value as the long-term expected rate of return applied to benefit payments, to the extent that the plan’s fiduciary net
position is projected to be sufficient to make projected benefit payments, and the municipal bond rate applied to
benefit payment to the extent that the plan’s fiduciary net position is projected to be insufficient. The plan’s fiduciary
net position was projected to be available to make projected future benefit payments of current plan members
through December 31, 2036.
Sensitivity of the City’s proportionate share of net OPEB liability (asset) to changes in the discount rate.The
following presents the City’s proportionate share of the net OPEB liability (asset) calculated using the discount rate
of 4.22%, as well as what the City’s proportionate share of the net OPEB liability (asset) would be if it were
calculated using a discount rate that is 1-percentage-point lower (3.22%) or 1-percentage-point higher (5.22%) than
the current rate:
1% Decrease to Current 1% Increase to
Discount Rate Discount Rate Discount Rate
(3.22%) (4.22%) (5.22%)
City's proportionate share of
the net OPEB liability (asset) 2,615,708$ 1,838,725$ 1,239,459$
OPEB plan fiduciary net position.Detailed information about the OPEB plan’s fiduciary net position is available in
separately issued financial statements available at http://etf.wi.gov/publications/cafr.htm.
Payable to the OPEB Plan
At December 31, 2019, the City reported no payable for the outstanding amount of contribution to the Plan required
for the year ended December 31, 2019.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
74
J. FUND EQUITY
Nonspendable Fund Balance
In the fund financial statements, portions of the governmental fund balances are amounts that cannot be spent because
they are either 1) not in spendable form or 2) legally or contractually required to be maintained intact. At December 31,
2019, nonspendable fund balance was as follows:
General Fund
Nons endable
Inventories and re aid items 150,934$
Ca ital Pro ect Fund
Nons endable
Utilit s ecial assessment receivables 703,921
Total Nons endable Fund Balance 854,855$
Restricted Fund Balance
In the fund financial statements, portions of governmental fund balances are not available for appropriation or are
legally restricted for use for a specific purpose. At December 31, 2019, restricted fund balance was as follows:
Debt Service Fund
Restricted for
Debt retirement 2,189,515$
Nonmajor Governmental Funds
Special Revenue Funds
Restricted for
Committee On Aging 109,743
Business Improvement District 73,312
Community Development Block Grant 135,365
Rental Rehabilitation Loan Program 221,280
Local Revolving Loan Program 1,433,051
Police Special Funds 104,800
Police Asset Forfeiture 36,908
Federal Police Asset Forfeiture 29,936
EMS Fire Grant 251,121
Historical Marker 23,605
Community Development Special 165,023
Healthy Neighborhood Imitative 209,868
Subtotal 2,794,012
Capital Projects Funds
Restricted for
Tax Incremental District No. 8 51,894
Tax Incremental District No. 10 26,701
Tax Incremental District No. 11 42,060
Tax Incremental District No. 12 760,411
Tax Incremental District No. 13 1,055,302
Tax Incremental District No. 14 797,766
Tax Incremental District No. 15 2,575,681
Tax Incremental District No. 16 742,915
Tax Incremental District No. 17 675,127
Tax Incremental District No. 19 326,606
Tax Incremental District No. 20 5,238,908
Tax Incremental District No. 24 35,983
Tax Incremental District No. 32 379
Tax Incremental District No. 33 2,633
Tax Incremental District No. 34 419,345
Tax Incremental District No. 36 22,440
Subtotal 12,774,151
Permanent Fund
Restricted for
Trust fund specific purposes 11,272,813
Total Restricted Fund Balance 29,030,491$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
75
Committed Fund Balance
In the fund financial statements, portions of government fund balances are committed by County Board action. At
December 31, 2019, General Fund balance was committed as follows:
Nonmajor Governmental Funds
Special Revenue Funds
Committed for
Senior Center Revolving Loans 124,422$
Bicycle 16,163
Cable TV Franchise Escrow 6,434
Leach Amphitheater 53,327
Pollock Water Park 92,624
Healthy Neighborhood Imitative 4,237,939
Rental Inspections 11,055
Total Committed Fund Balance 4,541,964$
Assigned Fund Balance
Portions of governmental fund balances have been assigned to represent tentative management plans that are subject
to change. At December 31, 2019, fund balance was assigned as follows:
General Fund
ssigned for subsequent year's expenditures 49,180$
Nonmajor Governmental Funds
Special Revenue Funds
ssigned for subsequent year's expenditures
Recycling 1,436,446
Street Lighting 88,623
Library 620,508
Museum 669,026
Cemetery 53,912
Parks Revenue Facilities 2,518,028
Garbage Disposal 121,820
Subtotal 5,508,363
Capital Projects Funds
ssigned for subsequent year's expenditures
Capital Improvements
Special Assessment Improvement 3,264,182
Sidewalk Construction 74,293
Street Improvement 5,191,908
Street Tree 19,318
Contract Control 3,838,233
Equipment 11,090,776
Park Improvement and Acquisition 54,336
Park Subdivision Improvement 387,399
Mct Rochlin Park Somestack 2,000
Senior Cente 130,644
Grand Opera House 66,824
Parking Ramp Improvements 357,527
Subtotal 24,477,440
Total 30,034,983$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
76
Minimum General Fund Balance Policy
The City has also adopted a minimum fund balance policy of 16% of subsequent year budgeted revenues for the
general fund. The minimum fund balance is maintained for cash flow and working capital purposes. The minimum fund
balance amount is calculated as follows:
Budgeted 2020 General Fund Revenues 47,836,550$
Minimum Fund Balance % (x) 16%
Minimum Fund Balance Amount 7,653,848$
The City’s unassigned general fund balance of $14,256,427 is above the minimum fund balance amount.
Net Position
The City reports restricted net position at December 31, 2019 as follows:
Governmental Activities
Restricted for
Construction of assets 12,774,151$
Debt service 1,666,127
Special purposes 2,794,012
Trust agreements 11,272,813
Revolving loans 4,600,028
Total Governmental Activities Restricted Net Position 33,107,131
Business-type Activities
Restricted for
Debt service 16,792,800
Total Restricted Net Position 49,899,931$
NOTE 4: OTHER INFORMATION
A. TAX INCREMENTAL FINANCING DISTRICTS
The City has established separate capital projects funds for the Tax Incremental District (TID) noted below which were
created by the City in accordance with Section 66.1105 of the Wisconsin Statutes. At the time the District was created,
the property tax base within the District was “frozen” and increment taxes resulting from increases to the property tax
base are used to finance District improvements, including principal and interest on long-term debt issued by the City to
finance such improvements. The Statutes allow eligible project costs to be incurred up to five years prior to the
maximum termination date. The City’s Districts are still eligible to incur project costs.
Since creation of the above Districts, the City has provided various financing sources to the TID. The foregoing amounts
are not recorded as liabilities in the TID capital project fund but can be recovered by the City from any future excess tax
increment revenues.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
77
The intent of the City is to recover the above amounts from future TID surplus funds, if any, prior to termination of the
respective Districts. Unless terminated by the City prior thereto, each TID has a statutory termination year as follows:
Termination
ear
TID No. 10 2020
TID No. 11 2022
TID No. 12 2024
TID No. 13 2025
TID No. 14 2027
TID No. 15 2028
TID No. 16 2028
TID No. 17 2028
TID No. 18 2029
TID No. 19 2026
TID No. 20 2032
TID No. 21 2033
TID No. 23 2029
TID No. 24 2037
TID No. 25 2039
TID No. 26 2033
TID No. 27 2034
TID No. 28 2043
TID No. 29 2043
TID No. 30 2043
TID No. 31 2045
TID No. 32 2044
TID No. 33 2044
TID No. 34 2039
TID No. 35 2046
TID No. 36 2046
TID No. 37 2046
TID No. 38 2046
B. TAX ABATEMENTS
The City has created 33 tax incremental financing districts (the “Districts”) in accordance with Wisconsin State Statute
66.1105,Tax Increment Law. As part of the project plan for the Districts, the City entered into agreements with two
developers for the creation of tax base within the Districts. The agreements require the City to make annual repayments
of property taxes collected within the Districts to the developers, based upon the terms of the agreements. As tax
abatements, those developer payments and the related property tax revenues are not reported as revenues or
expenditures in the financial statements.
For the year ended December 31, 2019, the City abated property taxes totaling $1,307,964 under this program which
include the following tax abatement agreements:
f A property tax abatement of $271,944 to a developer within Tax Incremental District No. 14.
f A property tax abatement of $57,935 to a developer within Tax Incremental District No. 21.
f A property tax abatement of $211,037 to a developer within Tax Incremental District No. 24.
f A property tax abatement of $258,405 to a developer within Tax Incremental District No. 27.
f A property tax abatement of $36,090 to a developer within Tax Incremental District No. 28.
f A property tax abatement of $32,108 to a developer within Tax Incremental District No. 30.
f A property tax abatement of $429,891 to a developer within Tax Incremental District No. 31.
f A property tax abatement of $10,554 to a developer within Tax Incremental District No. 32.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
78
C. RISK MANAGEMENT
The City is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and
omissions; and natural disasters for which the government carries commercial insurance. The City completes an annual
review of its insurance coverage to ensure adequate coverage.
D. CONTINGENCIES
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. An audit under the Uniform Guidance has been conducted
but final acceptance is still pending. 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.
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.
E. SELF-INSURED MEDICAL CARE COVERAGE PLAN
The City maintained a self-insured medical care coverage plan for its employees through December 31, 2015. In 2016,
the City began purchasing health coverage from an outside carrier. The City has established the Hospital Insurance
Fund (an Internal Service Fund) to account for the financing of its uninsured risk of loss.
The Hospital Insurance Fund has an established reserve of $1,814,807 at December 31, 2019 and is reported as the
net position balance of the Internal Service Fund. This reserve will be used to finance any future claims of the previous
self-insurance plan. The claims liability of $0, reported in the fund at December 31, 2019, 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. There was no change
from 2018 to the funds’ claims liability in 2019, with an ending balance of $0.
F. SUBSEQUENT EVENT
Subsequent to year end, the World Health Organization declared the spread of Coronavirus Disease (COVID-19) a
worldwide pandemic. The COVID-19 pandemic is having significant effects on global markets, supply chains,
businesses, and communities. Specific to the City, COVID-19 may impact various parts of its 2020 operations and
financial results including, but not limited to, costs for emergency preparedness and shortages of
personnel. Management believes the City is taking appropriate actions to mitigate the negative impact. However, the
full impact of COVID-19 is unknown and cannot be reasonably estimated as these events occurred subsequent to year
end and are still developing.
During the period from January 1, 2020 through July 31, 2020, both domestic and international equity markets have
experienced significant declines. These losses are not reflected in the financial statements as of and for the year ended
December 31, 2019 as these events occurred subsequent to year end and are still developing.
Subsequent to year end the City issued the following long term debt issuances:
f $10,425,000 General Obligation Corporate Purpose Bonds, Series 2020A dated July 1, 2020, to refund $6,085,000
Series 2011C bond issuance and to finance various capital project expenditures.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2019
79
f $7,290,000 General Obligation Promissory Notes, Series 2020B dated July 1, 2020, to finance various capital
project expenditures.
f $4,770,000 Storm Water Utility Revenue Bonds, Series 2020C dated July 1, 2020, to finance various storm water
utility projects.
f $5,525,000 Water System Revenue Bonds, Series 2020D dated July 16, 2020, to finance various water system
projects
f $13,930,000 Sewer System Revenue Bonds, Series 2020E dated July 16, 2020, to finance various sewer system
projects.
G. UPCOMING ACCOUNTING PRONOUNCEMENTS
In June 2017, the GASB issued Statement No. 87, Leases. The Statement establishes a single model for lease
accounting based on the principle that leases are financings of the right to use an underlying asset. This statement is
effective for reporting periods beginning after June 15, 2021. The City is currently evaluating the impact this standard
will have on the financial statements when adopted.
80
City of Oshkosh, Wisconsin
SCHEDULE OF CHANGES IN TOTAL OPEB LIABILITY AND RELATED RATIOS
LAST 10 FISCAL YEARS *
2019 2018
Total OPEB liability
Service cost 334,296$ 301,541$
Interest 180,345 179,462
Effect of assumption changes or inputs (288,188) 140,539
Benefit payments (119,000) (199,000)
Net change in total OPEB liability 107,453 422,542
Total OPEB liability - beginning 4,967,262 4,544,720
Total OPEB liability - ending 5,074,715$ 4,967,262$
Covered-employee payroll 38,695,522$ 37,913,920$
City's total OPEB liability as a percentage of covered-employee payroll 13.11% 13.10%
* The amounts presented for each fiscal year were determined as of the
current fiscal year end. Amounts for prior years were not available.
See notes to required supplementary information.
81
City of Oshkosh, Wisconsin
SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY ASSET
WISCONSIN RETIREMENT SYSTEM
LAST 10 FISCAL YEARS
Proportionate
Share of the Net Plan Fiduciary
Proportionate Pension Liability Net Position as a
Proportion of Share of the Covered (Asset) as a Percentage of the
Plan the Net Pension Net Pension Payroll Percentage of Total Pension
Year Ending Liability (Asset) Liability (Asset)(plan year) Covered Payroll Liability (Asset)
12/31/14 0.31842486% (7,821,386)$ 34,551,515$ 22.64% 102.74%
12/31/15 0.31657015% 5,144,203 34,050,370 15.11% 98.20%
12/31/16 0.31987366% 2,636,523 35,129,816 7.51% 99.12%
12/31/17 0.32543566% (9,662,570) 36,243,909 26.66% 102.93%
12/31/18 0.33514980% 11,923,578 37,018,001 32.21% 96.45%
SCHEDULE OF CONTRIBUTIONS
WISCONSIN RETIREMENT SYSTEM
LAST 10 FISCAL YEARS
Contributions in
Relation to the Contributions
Contractually Contractually Contribution Covered as a Percentage of
Fiscal Required Required Deficiency Payroll Covered
Year Ending Contributions Contributions (Excess) (fiscal year) Payroll
12/31/15 3,014,493$ 3,014,493$ -$ 34,050,370$ 8.85%
12/31/16 3,073,752 3,073,752 - 35,129,816 8.75%
12/31/17 3,446,908 3,446,908 - 36,243,909 9.51%
12/31/18 3,515,255 3,515,255 - 37,018,001 9.50%
12/31/19 3,553,329 3,553,329 - 37,855,022 9.39%
See notes to required supplementary information.
82
City of Oshkosh, Wisconsin
SCHEDULE OF PROPORTIONATE SHARE OF THE NET OPEB LIABILITY ASSET
LOCAL RETIREE LIFE INSURANCE FUND
LAST 10 FISCAL YEARS
Proportionate
Share of the Net
OPEB Liabilit Plan Fiduciar
Proportionate Asset as a Net Position as a
Proportion of Share of the Percenta e of Percenta e of the
Plan Fiscal the Net OPEB Net OPEB Covered-Emplo ee Covered-Emplo ee Total OPEB
Year Endin Liabilit Asset Liabilit Asset Pa roll Pa roll Liabilit Asset
12/31/17 0.71166700% 2,141,107$ 36,243,909$ 5.91% 44.81%
12/31/18 0.71259100% 1,838,727 37,018,001 4.97% 48.69%
SCHEDULE OF CONTRIBUTIONS
LOCAL RETIREE LIFE INSURANCE FUND
LAST 10 FISCAL YEARS
Contributions in
Relation to the Contributions
Contractuall Contractuall Contribution as a Percenta e of
District Fiscal Required Required Deficienc Covered-Emplo ee Covered-Emplo ee
Year Endin Contributions Contributions Excess Pa roll Pa roll
12/31/18 13,693$ 13,693$ -$ 37,018,001$ 0.04%
12/31/19 13,774 13,774 - 37,855,022 0.04%
See notes to required supplementary information.
City of Oshkosh, Wisconsin
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
DECEMBER 31, 2019
83
A. WISCONSIN RETIREMENT SYSTEM
Changes of benefit terms. There were no changes of benefit terms for any participating employer in WRS.
Changes of assumptions. Actuarial assumptions are based upon an experience study conducted in 2018 using
experience from 2015 - 2017. Based on the experience study conducted in 2018, actuarial assumptions used to
develop Total Pension Liability changed, including the discount rate, long-term expected rate of return, post-retirement
adjustment, wage inflation rate, mortality and separation rates.
The City is required to present the last ten fiscal years of data; however accounting standards allow the presentation of
as many years as are available until ten fiscal years are presented.
B. OTHER POSTEMPLOYMENT BENEFITS – LOCAL RETIREE LIFE INSURANCE FUND
Changes of benefit terms. There were no changes of benefit terms for any participating employer in LRLIF.
Changes of assumptions. Actuarial assumptions are based upon an experience study conducted in 2018 using
experience from 2015 - 2017. Based on the experience study conducted in 2018, actuarial assumptions used to
develop Total OPEB Liability changed, including the discount rate, wage inflation rate, and mortality and separation
rates.
The City is required to present the last ten fiscal years of data; however accounting standards allow the presentation of
as many years as are available until ten fiscal years are presented.
84
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2019
Special Capital
Revenue Projects Permanent Total
ASSETS
Cash and investments 12,354,711$ 37,178,954$ 11,311,329$ 60,844,994$
Receivables
Taxes and special charges 6,898,400 5,473,012 - 12,371,412
Accounts 508,284 35,516 18,325 562,125
Loans 4,600,028 - - 4,600,028
Due from other funds 51,397 1,343,000 - 1,394,397
Due from other governments - 250,000 - 250,000
Deposit with GO HNI 209,868 - - 209,868
Total assets 24,622,688$ 44,280,482$ 11,329,654$ 80,232,824$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable 274,367$ 4,108,216$ 5,444$ 4,388,027$
Due to other funds 100,760 9,879,015 51,397 10,031,172
Special deposits 10,054 369,675 - 379,729
Unearned revenues - 26,000 - 26,000
Total liabilities 385,181 14,382,906 56,841 14,824,928
Deferred inflows of resources
Property taxes levied for subsequent year 6,898,400 5,473,012 - 12,371,412
Special charges assessed - 250,000 - 250,000
Loans receivable 4,600,028 - - 4,600,028
Total deferred inflows of resources 11,498,428 5,723,012 - 17,221,440
Fund balances
Restricted 2,794,012 12,774,151 11,272,813 26,840,976
Committed 4,541,964 - - 4,541,964
Assigned 5,508,363 21,213,258 - 26,721,621
Unassigned (105,260) (9,812,845) - (9,918,105)
Total fund balances 12,739,079 24,174,564 11,272,813 48,186,456
Total liabilities, deferred inflows of resources,
and fund balances 24,622,688$ 44,280,482$ 11,329,654$ 80,232,824$
85
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2019
Committee Business
on Improvement Street
Aging District Recycling Lighting
ASSETS
Cash and investments 113,531$ 84,757$ 1,452,388$ 176,100$
Receivables
Taxes and special charges 327,400 - - 1,075,000
Accounts 884 - 789 -
Loans - - - -
Due from other funds - - - -
Due from other governments - - - -
Deposit with GO HNI - - - -
Total assets 441,815$ 84,757$ 1,453,177$ 1,251,100$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable 4,672$ 11,445$ 16,731$ 87,477$
Due to other funds - - - -
Special deposits - - - -
Unearned revenues - - - -
Total liabilities 4,672 11,445 16,731 87,477
Deferred inflows of resources
Property taxes levied for subsequent year 327,400 - - 1,075,000
Grants - - - -
Loans receivable - - - -
Total deferred inflows of resources 327,400 - - 1,075,000
Fund balances
Restricted 109,743 73,312 - -
Committed - - - -
Assigned - - 1,436,446 88,623
Unassigned - - - -
Total fund balances 109,743 73,312 1,436,446 88,623
Total liabilities, deferred inflows
of resources, and fund balances 441,815$ 84,757$ 1,453,177$ 1,251,100$
Special Revenue
86
Local Senior
Community Rental Revolving Center
Development Rehabilitation Loan Revolving
Library Museum Cemetery Block Grant Loan Program Program Loans
371,938$ 673,787$ 54,541$ 14,933$ 221,281$ 1,433,051$ 123,738$
2,772,700 970,000 300,000 - - - -
263,027 - - 134,263 - - 884
- - - 4,205,028 50,000 345,000 -
49,751 1,481 165 - - - -
- - - - - - -
- - - - - - -
3,457,416$ 1,645,268$ 354,706$ 4,354,224$ 271,281$ 1,778,051$ 124,622$
64,208$ 6,242$ 794$ 13,831$ -$ -$ 200$
- - - - - - -
- - - - 1 - -
- - - - - - -
64,208 6,242 794 13,831 1 - 200
2,772,700 970,000 300,000 - - - -
- - - - - - -
- - - 4,205,028 50,000 345,000 -
2,772,700 970,000 300,000 4,205,028 50,000 345,000 -
- - - 135,365 221,280 1,433,051 -
- - - - - - 124,422
620,508 669,026 53,912 -- - -
- - - - - - -
620,508 669,026 53,912 135,365 221,280 1,433,051 124,422
3,457,416$ 1,645,268$ 354,706$ 4,354,224$ 271,281$ 1,778,051$ 124,622$
Special Revenue
87
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2019
Police Fire/ Project
Bicycle Special Safety D.A.R.E.
ASSETS
Cash and investments 16,163$ 107,150$ 1,317$ -$
Receivables
Taxes and special charges - - - -
Accounts - - - -
Loans - - - -
Due from other funds - - - -
Due from other governments - - - -
Deposit with GO HNI - - - -
Total assets 16,163$ 107,150$ 1,317$ -$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable -$ 2,350$ 1,317$ -$
Due to other funds - - - -
Special deposits - - - -
Unearned revenues - - - -
Total liabilities - 2,350 1,317 -
Deferred inflows of resources
Property taxes levied for subsequent year - - - -
Grants - - - -
Loans receivable - - - -
Total deferred inflows of resources - - - -
Fund balances
Restricted - 104,800 - -
Committed 16,163 - - -
Assigned - - - -
Unassigned - - - -
Total fund balances 16,163 104,800 - -
Total liabilities, deferred inflows
of resources, and fund balances 16,163$ 107,150$ 1,317$ -$
Special Revenue
88
Federal Cable TV EMS Community Parks
Police Asset Police Asset Franchise Fire Historical Develop Revenue
Forfeiture Forfeiture Escrow Grant Marker Special Facilities
36,908$ 29,936$ 16,434$ 256,303$ 23,605$ 61,223$ 2,516,108$
- - - - - - -
- - - - -103,800 1,920
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
36,908$ 29,936$ 16,434$ 256,303$ 23,605$ 165,023$ 2,518,028$
-$ -$ -$ 5,182$ -$ -$ -$
- - - - - - -
- - 10,000 - - - -
- - - - - - -
- - 10,000 5,182 - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
36,908 29,936 - 251,121 23,605 165,023 -
- - 6,434 - - - -
- - --- - 2,518,028
- - - - - - -
36,908 29,936 6,434 251,121 23,605 165,023 2,518,028
36,908$ 29,936$ 16,434$ 256,303$ 23,605$ 165,023$ 2,518,028$
Special Revenue
89
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2019
Public Pollock
Leach Works Garbage Water
Amphitheater Special Disposal Park
ASSETS
Cash and investments 52,984$ -$ 173,998$ 93,514$
Receivables
Taxes and special charges 14,000 - 1,350,300 64,000
Accounts 343 - 2,373 -
Loans - - - -
Due from other funds - - - -
Due from other governments - - - -
Deposit with GO HNI - - - -
Total assets 67,327$ -$ 1,526,671$ 157,514$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable -$ 4,500$ 54,498$ 890$
Due to other funds - 100,760 - -
Special deposits - - 53 -
Unearned revenues - - - -
Total liabilities - 105,260 54,551 890
Deferred inflows of resources
Property taxes levied for subsequent year 14,000 - 1,350,300 64,000
Grants - - - -
Loans receivable - - - -
Total deferred inflows of resources 14,000 - 1,350,300 64,000
Fund balances
Restricted - - - -
Committed 53,327 - - 92,624
Assigned - - 121,820 -
Unassigned - (105,260) - -
Total fund balances 53,327 (105,260) 121,820 92,624
Total liabilities, deferred inflows
of resources, and fund balances 67,327$ -$ 1,526,671$ 157,514$
Special Revenue
90
Total
Nonmajor
Community Healthy Special
Traffic Safety Neighborhood Rental Revenue
Grant Initiative Inspections Funds
-$ 4,237,969$ 11,054$ 12,354,711$
- - 25,000 6,898,400
- - 1 508,284
- - - 4,600,028
- - - 51,397
- - - -
- 209,868 - 209,868
-$ 4,447,837$ 36,055$ 24,622,688$
-$ 30$ -$ 274,367$
- - - 100,760
- - - 10,054
- - - -
- 30 - 385,181
- - 25,000 6,898,400
- - - -
- - - 4,600,028
- - 25,000 11,498,428
- 209,868 - 2,794,012
- 4,237,939 11,055 4,541,964
- - - 5,508,363
- - - (105,260)
- 4,447,807 11,055 12,739,079
-$ 4,447,837$ 36,055$ 24,622,688$
Special Revenue
91
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2019
Advance
Payments
Sidewalk Street Street Special
Construction Improvement Tree Assessment
ASSETS
Cash and investments 74,293$ 5,195,408$ 19,318$ 137,144$
Receivables
Taxes and special charges - - - -
Accounts - - - -
Loans - - - -
Due from other funds - - - -
Due from other governments - - - -
Deposit with GO HNI - - - -
Total assets 74,293$ 5,195,408$ 19,318$ 137,144$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable -$ -$ -$ -$
Due to other funds - - - -
Special deposits - 3,500 - 137,144
Unearned revenues - - - -
Total liabilities - 3,500 - 137,144
Deferred inflows of resources
Property taxes levied for subsequent year - - - -
Grants - - - -
Loans receivable - - - -
Total deferred inflows of resources - - - -
Fund balances
Restricted - - - -
Committed - - - -
Assigned 74,293 5,191,908 19,318 -
Unassigned - - - -
Total fund balances 74,293 5,191,908 19,318 -
Total liabilities, deferred inflows
of resources, and fund balances 74,293$ 5,195,408$ 19,318$ 137,144$
Capital Projects
92
Park Mct
Improvement Park Rochlin Golf Course
Contract and Subdivision Park Equipment Senior
Control Equipment Acquisition Improvement Smokestack Improvement Center
7,094,914$ 11,435,591$ 125,774$ 387,399$ 2,000$ -$ 130,644$
- 1,011,000 - - - - -
- 10,000 - - - - -
- - - - - - -
- - - - - - -
250,000 - - - - - -
- - - - - - -
7,344,914$ 12,456,591$ 125,774$ 387,399$ 2,000$ -$ 130,644$
3,028,650$ 354,815$ 71,438$ -$ -$ -$ -$
- - - - - - -
228,031 - - - - - -
- - - - - - -
3,256,681 354,815 71,438 - - - -
- 1,011,000 - - - - -
250,000 - - - - - -
- - - - - - -
250,000 1,011,000 - - - - -
- - - - - - -
- - - - - - -
3,838,233 11,090,776 54,336 387,399 2,000 - 130,644
- - - - - - -
3,838,233 11,090,776 54,336 387,399 2,000 - 130,644
7,344,914$ 12,456,591$ 125,774$ 387,399$ 2,000$ -$ 130,644$
Capital Projects
93
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2019
Grand TIF #8 TIF #10
Opera Parking Ramp S Aviation Main and
House Improvements Industrial Washington
ASSETS
Cash and investments 66,824$ 358,120$ 51,894$ 26,701$
Receivables
Taxes and special charges 2,000 - - 12,956
Accounts - - - -
Loans - - - -
Due from other funds - - - -
Due from other governments - - - -
Deposit with GO HNI - - - -
Total assets 68,824$ 358,120$ 51,894$ 39,657$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable -$ 593$ -$ -$
Due to other funds - - - -
Special deposits - - - -
Unearned revenues - - - -
Total liabilities - 593 - -
Deferred inflows of resources
Property taxes levied for subsequent year 2,000 - - 12,956
Grants - - - -
Loans receivable - - - -
Total deferred inflows of resources 2,000 - - 12,956
Fund balances
Restricted - - 51,894 26,701
Committed - - - -
Assigned 66,824 357,527 - -
Unassigned - - - -
Total fund balances 66,824 357,527 51,894 26,701
Total liabilities, deferred inflows
of resources, and fund balances 68,824$ 358,120$ 51,894$ 39,657$
Capital Projects
94
Capital Projects
TIF #11 TIF #12 TIF #13 TIF #14 TIF #15
Oshkosh Division Marion Road/ Mercy Park
Office Center Street Pearl Ave. Medical Plaza
42,060$ 760,411$ 1,082,302$ 797,766$ 2,575,681$
10,210 120,679 267,153 506,010 202,920
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
52,270$ 881,090$ 1,349,455$ 1,303,776$ 2,778,601$
-$ -$ -$ -$ -$
- - - - -
- - 1,000 - -
- - 26,000 - -
- - 27,000 - -
10,210 120,679 267,153 506,010 202,920
- - - - -
- - - - -
10,210 120,679 267,153 506,010 202,920
42,060 760,411 1,055,302 797,766 2,575,681
- - - - -
- - - - -
- - - - -
42,060 760,411 1,055,302 797,766 2,575,681
52,270$ 881,090$ 1,349,455$ 1,303,776$ 2,778,601$
95
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2019
TIF #16 TIF #17 TIF #18 TIF #19
100 Block City SW Industrial NW Industrial
Redevelopment Centre #3 Expansion
ASSETS
Cash and investments 742,915$ -$ -$ 326,845$
Receivables
Taxes and special charges 129,670 269,735 442,746 221,635
Accounts - - - -
Loans - - - -
Due from other funds - 1,343,000 - -
Due from other governments - - - -
Deposit with GO HNI - - - -
Total assets 872,585$ 1,612,735$ 442,746$ 548,480$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable -$ -$ -$ 239$
Due to other funds - 667,873 1,578,243 -
Special deposits - - - -
Unearned revenues - - - -
Total liabilities - 667,873 1,578,243 239
Deferred inflows of resources
Property taxes levied for subsequent year 129,670 269,735 442,746 221,635
Grants - - - -
Loans receivable - - - -
Total deferred inflows of resources 129,670 269,735 442,746 221,635
Fund balances
Restricted 742,915 675,127 - 326,606
Committed - - - -
Assigned - - - -
Unassigned - - (1,578,243) -
Total fund balances 742,915 675,127 (1,578,243) 326,606
Total liabilities, deferred inflows
of resources, and fund balances 872,585$ 1,612,735$ 442,746$ 548,480$
Capital Projects
96
TIF #20 TIF #21 TIF #23 TIF #24 TIF #25 TIF #26 TIF #27
South Side Fox River SW Industrial Oshkosh City Center Aviation North Main
Fox River Corridor Park Corp Hotel Business Park Street
5,264,140$ -$ -$ 35,983$ -$ -$ -$
- 435,107 - 288,748 253,132 - 176,947
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
5,264,140$ 435,107$ -$ 324,731$ 253,132$ -$ 176,947$
25,232$ -$ -$ -$ -$ -$ -$
- 529,658 1,170,895 - 1,764,870 1,954,971 2,033,164
- - - - - - -
- - - - - - -
25,232 529,658 1,170,895 - 1,764,870 1,954,971 2,033,164
- 435,107 - 288,748 253,132 - 176,947
- - - - - - -
- - - - - - -
- 435,107 - 288,748 253,132 - 176,947
5,238,908 - - 35,983 - - -
- - - - - - -
- - --- - -
- (529,658) (1,170,895) - (1,764,870) (1,954,971) (2,033,164)
5,238,908 (529,658) (1,170,895) 35,983 (1,764,870) (1,954,971) (2,033,164)
5,264,140$ 435,107$ -$ 324,731$ 253,132$ -$ 176,947$
Capital Projects
97
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2019
TIF #28 TIF #29 TIF #30 TIF #31
Beach Building Morgan Washington Buckstaff
Redevelopment District Building Redevelopment
ASSETS
Cash and investments -$ -$ -$ -$
Receivables
Taxes and special charges 45,834 5,512 42,593 485,574
Accounts - - - 25,516
Loans - - - -
Due from other funds - - - -
Due from other governments - - - -
Deposit with GO HNI - - - -
Total assets 45,834$ 5,512$ 42,593$ 511,090$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable -$ -$ -$ 25,516$
Due to other funds 2,999 3,281 433 59,698
Special deposits - - - -
Unearned revenues - - - -
Total liabilities 2,999 3,281 433 85,214
Deferred inflows of resources
Property taxes levied for subsequent year 45,834 5,512 42,593 485,574
Grants - - - -
Loans receivable - - - -
Total deferred inflows of resources 45,834 5,512 42,593 485,574
Fund balances
Restricted - - - -
Committed - - - -
Assigned - - - -
Unassigned (2,999) (3,281) (433) (59,698)
Total fund balances (2,999) (3,281) (433) (59,698)
Total liabilities, deferred inflows
of resources, and fund balances 45,834$ 5,512$ 42,593$ 511,090$
Capital Projects
98
TIF #32 TIF #33 TIF #34 TIF #35 TIF #36 TIF #37 TIF #38
Granary Lamico Oshkosh Corp Oshkosh Ave Merge Aviation Pioneer
Redevelopment Redevelopment Headquarters Corridor Redevelopment Plaza Redevelopment
379$ 2,633$ 419,345$ -$ 22,470$ -$ -$
12,012 269,104 252,408 9,327 - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
12,391$ 271,737$ 671,753$ 9,327$ 22,470$ -$ -$
-$ -$ -$ 601,703$ 30$ -$ -$
- - - 95,060 - 16,370 1,500
- - - - - - -
- - - - - - -
- - - 696,763 30 16,370 1,500
12,012 269,104 252,408 9,327 - - -
- - - - - - -
- - - - - - -
12,012 269,104 252,408 9,327 - - -
379 2,633 419,345 - 22,440 - -
- - - - - - -
- - --- - -
- - - (696,763) - (16,370) (1,500)
379 2,633 419,345 (696,763) 22,440 (16,370) (1,500)
12,391$ 271,737$ 671,753$ 9,327$ 22,470$ -$ -$
Capital Projects
99
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONCLUDED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2019
Total
Nonmajor
Capital
Projects
Funds Total
ASSETS
Cash and investments 37,178,954$ 49,533,665$
Receivables
Taxes and special charges 5,473,012 12,371,412
Accounts 35,516 543,800
Loans - 4,600,028
Due from other funds 1,343,000 1,394,397
Due from other governments 250,000 250,000
Deposit with GO HNI - 209,868
Total assets 44,280,482$ 68,903,170$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable 4,108,216$ 4,382,583$
Due to other funds 9,879,015 9,979,775
Special deposits 369,675 379,729
Unearned revenues 26,000 26,000
Total liabilities 14,382,906 14,768,087
Deferred inflows of resources
Property taxes levied for subsequent year 5,473,012 12,371,412
Grants 250,000 250,000
Loans receivable - 4,600,028
Total deferred inflows of resources 5,723,012 17,221,440
Fund balances
Restricted 12,774,151 15,568,163
Committed - 4,541,964
Assigned 21,213,258 26,721,621
Unassigned (9,812,845) (9,918,105)
Total fund balances 24,174,564 36,913,643
Total liabilities, deferred inflows
of resources, and fund balances 44,280,482$ 68,903,170$
100
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
Special Capital
Revenue Projects Permanent Total
REVENUES
Taxes 6,784,400$ 4,710,374$ -$ 11,494,774$
Special assessments 140,610 - - 140,610
Intergovernmental 2,151,049 853,622 - 3,004,671
Licenses and permits 108 - - 108
Fines and forfeits 2,319 - - 2,319
Public charges for services 1,766,386 172,668 - 1,939,054
Miscellaneous 1,200,615 1,270,196 1,138,595 3,609,406
Total revenues 12,045,487 7,006,860 1,138,595 20,190,942
EXPENDITURES
Current
Public safety 237,986 - - 237,986
Public works 3,376,028 109,244 - 3,485,272
Health and human services 948,483 - - 948,483
Culture and recreation 5,580,773 97,174 141,559 5,819,506
Conservation and development 1,631,598 1,845,881 - 3,477,479
Debt service
Principal - 3,676,661 - 3,676,661
Interest and fiscal charges - 652,972 - 652,972
Capital outlay 493,491 16,910,469 - 17,403,960
Total expenditures 12,268,359 23,292,401 141,559 35,702,319
Excess of revenues under expenditures (222,872) (16,285,541) 997,036 (15,511,377)
OTHER FINANCING SOURCES (USES)
Long-term debt issued - 14,035,500 - 14,035,500
Proceeds from sale of capital assets 27,573 - - 27,573
Transfers in 2,276,732 - - 2,276,732
Transfers out (191,275) (3,275) (80,000) (274,550)
Total other financing sources (uses) 2,113,030 14,032,225 (80,000) 16,065,255
Net change in fund balances 1,890,158 (2,253,316) 917,036 553,878
Fund balances - January 1 10,848,921 26,427,880 10,355,777 47,632,578
Fund balances - December 31 12,739,079$ 24,174,564$ 11,272,813$ 48,186,456$
101
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
Committee Business
on Improvement Street
Aging District Recycling Lighting
REVENUES
Taxes 320,400$ -$ -$ 1,052,000$
Special assessments - 140,610 - -
Intergovernmental 78,747 - 237,131 -
Licenses and permits - - - -
Fines and forfeits - - - -
Public charges for services 69 - 868,014 -
Miscellaneous 126,214 51,001 13,120 -
Total revenues 525,430 191,611 1,118,265 1,052,000
EXPENDITURES
Current
Public safety - - - -
Public works - - 803,502 1,024,232
Health and human services 522,995 - - -
Culture and recreation - - - -
Conservation and development - 181,023 - -
Debt service
Principal - - - -
Interest and fiscal charges - - - -
Capital outlay - - --
Total expenditures 522,995 181,023 803,502 1,024,232
Excess of revenues over (under) expenditures 2,435 10,588 314,763 27,768
OTHER FINANCING SOURCES (USES)
Long-term debt issued - - - -
Proceeds from sale of capital assets - - - -
Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses)- - - -
Net change in fund balances 2,435 10,588 314,763 27,768
Fund balances - January 1 107,308 62,724 1,121,683 60,855
Fund balances - December 31 109,743$ 73,312$ 1,436,446$ 88,623$
Special Revenue
102
Local Senior
Community Rental Revolving Center
Development Rehabilitation Loan Revolving
Library Museum Cemetery Block Grant Loan Program Program Loans
2,696,100$ 977,700$ 304,000$ -$ -$ -$ -$
- - - - - - -
632,880 - - 801,802 - - 2,588
- - - - - - -
- - - - - - -
324,698 44,405 - - - - -
1,779 124,968 61,780 132,739 - - 57,304
3,655,457 1,147,073 365,780 934,541 - - 59,892
- - - - - - -
- - - - - - -
-- 392,043 - - - 33,445
3,637,137 1,217,664 - - - - -
- - - 740,892 - 215,000 -
- - - - - - -
- - - - - - -
3,249 7,017 - 168,139 - - -
3,640,386 1,224,681 392,043 909,031 - 215,000 33,445
15,071 (77,608) (26,263) 25,510 - (215,000) 26,447
- - - - - - -
- - - 25,863 - - -
- - 28,500 - - - -
- - --- - -
- - 28,500 25,863 - - -
15,071 (77,608) 2,237 51,373 - (215,000) 26,447
605,437 746,634 51,675 83,992 221,280 1,648,051 97,975
620,508$ 669,026$ 53,912$ 135,365$ 221,280$ 1,433,051$ 124,422$
Special Revenue
103
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
Police Fire/ Project
Bicycle Special Safety D.A.R.E.
REVENUES
Taxes -$ -$ -$ -$
Special assessments - - - -
Intergovernmental - 34,016 81,596 -
Licenses and permits 108 - - -
Fines and forfeits - - - -
Public charges for services - - 272 -
Miscellaneous - 140,212 11,406 -
Total revenues 108 174,228 93,274 -
EXPENDITURES
Current
Public safety - 151,695 71,896 3
Public works - - - -
Health and human services - - - -
Culture and recreation - - - -
Conservation and development - - - -
Debt service
Principal - - - -
Interest and fiscal charges - - - -
Capital outlay - - 74,992 -
Total expenditures -151,695 146,888 3
Excess of revenues over (under) expenditures 108 22,533 (53,614) (3)
OTHER FINANCING SOURCES (USES)
Long-term debt issued - - - -
Proceeds from sale of capital assets - - - -
Transfers in - - - -
Transfers out - - (191,275) -
Total other financing sources (uses) - - (191,275) -
Net change in fund balances 108 22,533 (244,889) (3)
Fund balances - January 1 16,055 82,267 244,889 3
Fund balances - December 31 16,163$ 104,800$ -$ -$
Special Revenue
104
Federal Cable TV EMS Community Parks
Police Asset Police Asset Franchise Fire Historical Develop Revenue
Forfeiture Forfeiture Escrow Grant Marker Special Facilities
-$ -$ -$ -$ -$ -$ -$
- - - - - - -
- 11,390 - 12,771 - 199,813 -
- - - - - - -
2,319 - - - - - -
- - - - - - 205,148
- - 147 8,798 712 103,800 134,902
2,319 11,390 147 21,569 712 303,613 340,050
2,350 - - 12,042 - - -
- - - - - --
- - - - - - -
- - - - 666 - 233,828
- - - - - 67,983 -
- - - - - - -
- - - - - - -
- - - - - -227,373
2,350 --12,042 666 67,983 461,201
(31) 11,390 147 9,527 46 235,630 (121,151)
- - - - - - -
- - - - - - 1,710
- - - 217,775 - - 2,005,457
- --- - - -
- - - 217,775 - - 2,007,167
(31) 11,390 147 227,302 46 235,630 1,886,016
36,939 18,546 6,287 23,819 23,559 (70,607) 632,012
36,908$ 29,936$ 6,434$ 251,121$ 23,605$ 165,023$ 2,518,028$
Special Revenue
105
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
Public Pollock
Leach Works Garbage Water
Amphitheater Special Disposal Park
REVENUES
Taxes 14,000$ -$ 1,331,200$ 64,000$
Special assessments - - - -
Intergovernmental - 58,315 - -
Licenses and permits - - - -
Fines and forfeits - - - -
Public charges for services 42,025 - 43,981 236,484
Miscellaneous 23,414 - - 158,911
Total revenues 79,439 58,315 1,375,181 459,395
EXPENDITURES
Current
Public safety - - - -
Public works - 167,931 1,380,363 -
Health and human services - - - -
Culture and recreation 75,178 - - 401,554
Conservation and development - - - -
Debt service
Principal - - - -
Interest and fiscal charges - - - -
Capital outlay - -- 12,721
Total expenditures 75,178 167,931 1,380,363 414,275
Excess of revenues over (under) expenditures 4,261 (109,616) (5,182) 45,120
OTHER FINANCING SOURCES (USES)
Long-term debt issued - - - -
Proceeds from sale of capital assets - - - -
Transfers in 25,000 - - -
Transfers out - - - -
Total other financing sources (uses) 25,000 - - -
Net change in fund balances 29,261 (109,616) (5,182) 45,120
Fund balances - January 1 24,066 4,356 127,002 47,504
Fund balances - December 31 53,327$ (105,260)$ 121,820$ 92,624$
Special Revenue
106
Total
Nonmajor
Community Healthy Special
Traffic Safety Neighborhood Rental Revenue
Grant Initiative Inspections Funds
-$ -$ 25,000$ 6,784,400$
- - - 140,610
- - - 2,151,049
- - - 108
- - - 2,319
- - 1,290 1,766,386
- 49,408 - 1,200,615
- 49,408 26,290 12,045,487
- - - 237,986
- - - 3,376,028
- - - 948,483
- - 14,746 5,580,773
- 426,700 - 1,631,598
- - - -
- - - -
- - - 493,491
- 426,700 14,746 12,268,359
- (377,292) 11,544 (222,872)
-- - -
- - - 27,573
- - - 2,276,732
- - - (191,275)
- - - 2,113,030
- (377,292) 11,544 1,890,158
- 4,825,099 (489) 10,848,921
-$ 4,447,807$ 11,055$ 12,739,079$
Special Revenue
107
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
Advance
Payments
Sidewalk Street Street Special
Construction Improvement Tree Assessment
REVENUES
Taxes -$ -$ -$ -$
Special assessments - - - -
Intergovernmental - - 18,000 -
Licenses and permits - - - -
Fines and forfeits - - - -
Public charges for services - - - -
Miscellaneous - - 7,700 -
Total revenues - - 25,700 -
EXPENDITURES
Current
Public safety - - - -
Public works - - - -
Health and human services - - - -
Culture and recreation - - 11,156 -
Conservation and development - - - -
Debt service
Principal - - - -
Interest and fiscal charges - - - -
Capital outlay 1,326,951 5,623,987 --
Total expenditures 1,326,951 5,623,987 11,156 -
Excess of revenues over (under) expenditures (1,326,951) (5,623,987) 14,544 -
OTHER FINANCING SOURCES (USES)
Long-term debt issued 1,315,000 3,864,000 - -
Proceeds from sale of capital assets - - - -
Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses) 1,315,000 3,864,000 - -
Net change in fund balances (11,951) (1,759,987) 14,544 -
Fund balances - January 1 86,244 6,951,895 4,774 -
Fund balances - December 31 74,293$ 5,191,908$ 19,318$ -$
Capital Projects
108
Park Mct
Improvement Park Rochlin Golf Course
Contract and Subdivision Park Equipment Senior
Control Equipment Acquisition Improvement Smokestack Improvement Center
10,000$ 975,000$ 15,000$ -$ -$ -$ -$
- - - - - - -
- 45,000 - - - - -
- - - - - - -
- - - - - - -
- - 10,951 - - - -
97,805 7,457 153,874 14,400 - - -
107,805 1,027,457 179,825 14,400 - - -
- - - - - - -
17,956 76,503 - - - --
- - - - - - -
- - 50,927 - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- 6,496,442 1,235,529 - - - -
17,956 6,572,945 1,286,456 - - - -
89,849 (5,545,488) (1,106,631) 14,400 - - -
- 6,636,500 580,000 - - - -
- - - - - - -
- - - - - - -
- --- - (3,275) -
- 6,636,500 580,000 - - (3,275) -
89,849 1,091,012 (526,631) 14,400 - (3,275) -
3,748,384 9,999,764 580,967 372,999 2,000 3,275 130,644
3,838,233$ 11,090,776$ 54,336$ 387,399$ 2,000$ -$ 130,644$
Capital Projects
109
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
Grand TIF #8 TIF #10
Opera Parking Ramp S Aviation Main and
House Improvements Industrial Washington
REVENUES
Taxes 2,000$ -$ -$ 12,468$
Special assessments - - - -
Intergovernmental - - - 153
Licenses and permits - - - -
Fines and forfeits - - - -
Public charges for services - - - -
Miscellaneous 25,001 112,079 - -
Total revenues 27,001 112,079 - 12,621
EXPENDITURES
Current
Public safety - - - -
Public works - 14,785 - -
Health and human services - - - -
Culture and recreation 35,091 - - -
Conservation and development - - - 150
Debt service
Principal - - 50,000 -
Interest and fiscal charges - - 2,780 -
Capital outlay 6,725 57,134 - -
Total expenditures 41,816 71,919 52,780 150
Excess of revenues over (under) expenditures (14,815) 40,160 (52,780) 12,471
OTHER FINANCING SOURCES (USES)
Long-term debt issued - - - -
Proceeds from sale of capital assets - - - -
Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses)- - - -
Net change in fund balances (14,815) 40,160 (52,780) 12,471
Fund balances - January 1 81,639 317,367 104,674 14,230
Fund balances - December 31 66,824$ 357,527$ 51,894$ 26,701$
Capital Projects
110
Capital Projects
TIF #11 TIF #12 TIF #13 TIF #14 TIF #15
Oshkosh Division Marion Road/ Mercy Park
Office Center Street Pearl Ave. Medical Plaza
6,271$ 119,734$ 266,819$ 501,396$ 206,173$
- - - - -
62 961 2,511 2,488 47,519
- - - - -
- - - - -
- - - - -
- - 209,180 - -
6,333 120,695 478,510 503,884 253,692
- - - - -
- - - - -
- - - - -
- - - - -
149 70,144 150 356,247 82,242
- 30,000 1,070,000 95,000 40,000
-2,038 131,566 14,415 4,335
- - - - -
149 102,182 1,201,716 465,662 126,577
6,184 18,513 (723,206) 38,222 127,115
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
6,184 18,513 (723,206) 38,222 127,115
35,876 741,898 1,778,508 759,544 2,448,566
42,060$ 760,411$ 1,055,302$ 797,766$ 2,575,681$
111
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
TIF #16 TIF #17 TIF #18 TIF #19
100 Block City SW Industrial NW Industrial
Redevelopment Centre #3 Expansion
REVENUES
Taxes 129,008$ 279,801$ 444,389$ 209,899$
Special assessments - - - -
Intergovernmental 1,178 48,329 4,019 8,136
Licenses and permits - - - -
Fines and forfeits - - - -
Public charges for services - - - -
Miscellaneous - - - -
Total revenues 130,186 328,130 448,408 218,035
EXPENDITURES
Current
Public safety - - - -
Public works - - - -
Health and human services - - - -
Culture and recreation - - - -
Conservation and development 70,587 150 150 66,347
Debt service
Principal 215,000 350,000 295,000 132,760
Interest and fiscal charges 24,040 96,870 34,050 11,509
Capital outlay - - - 109,613
Total expenditures 309,627 447,020 329,200 320,229
Excess of revenues over (under) expenditures (179,441) (118,890) 119,208 (102,194)
OTHER FINANCING SOURCES (USES)
Long-term debt issued - - - -
Proceeds from sale of capital assets - - - -
Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses) - - - -
Net change in fund balances (179,441) (118,890) 119,208 (102,194)
Fund balances - January 1 922,356 794,017 (1,697,451) 428,800
Fund balances - December 31 742,915$ 675,127$ (1,578,243)$ 326,606$
Capital Projects
112
TIF #20 TIF #21 TIF #23 TIF #24 TIF #25 TIF #26 TIF #27
South Side Fox River SW Industrial Oshkosh City Center Aviation North Main
Fox River Corridor Park Corp Hotel Business Park Street
-$ 314,758$ -$ 211,184$ 251,323$ -$ 178,660$
- - - - - - -
1,049 3,038 - 9,607 4,747 - 29,638
- - - - - - -
- - - - - - -
- - - - - - -
35,000 - 5,000 - - 2,700 -
36,049 317,796 5,000 220,791 256,070 2,700 208,298
- - - - - - -
- - - - ---
- - - - - - -
- - - - - - -
30,703 98,872 53,200 217,346 150 149 35,825
360,000 90,000 332,685 - 228,376 360,186 -
80,298 51,569 81,015 - 26,177 52,323 -
548,640 127,931 210 - - - -
1,019,641 368,372 467,110 217,346 254,703 412,658 35,825
(983,592) (50,576) (462,110) 3,445 1,367 (409,958) 172,473
- - 1,500,000 - - - -
- - - - - - -
- - - - - - -
--- - - - -
- - 1,500,000 - - - -
(983,592) (50,576) 1,037,890 3,445 1,367 (409,958) 172,473
6,222,500 (479,082) (2,208,785) 32,538 (1,766,237) (1,545,013) (2,205,637)
5,238,908$ (529,658)$ (1,170,895)$ 35,983$ (1,764,870)$ (1,954,971)$ (2,033,164)$
Capital Projects
113
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
TIF #28 TIF #29 TIF #30 TIF #31
Beach Building Morgan Washington Buckstaff
Redevelopment District Building Redevelopment
REVENUES
Taxes 45,399$ 5,270$ 40,950$ 473,145$
Special assessments - - - -
Intergovernmental 191 14 158 -
Licenses and permits - - - -
Fines and forfeits - - - -
Public charges for services - - 78,717 -
Miscellaneous - - - -
Total revenues 45,590 5,284 119,825 473,145
EXPENDITURES
Current
Public safety - - - -
Public works - - - -
Health and human services - - - -
Culture and recreation - - - -
Conservation and development 67,954 150 32,756 566,622
Debt service
Principal - - - 7,654
Interest and fiscal charges - - - 5,600
Capital outlay - - - -
Total expenditures 67,954 150 32,756 579,876
Excess of revenues over (under) expenditures (22,364) 5,134 87,069 (106,731)
OTHER FINANCING SOURCES (USES)
Long-term debt issued - - - 140,000
Proceeds from sale of capital assets - - - -
Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses) - - - 140,000
Net change in fund balances (22,364) 5,134 87,069 33,269
Fund balances - January 1 19,365 (8,415) (87,502) (92,967)
Fund balances - December 31 (2,999)$ (3,281)$ (433)$ (59,698)$
Capital Projects
114
TIF #32 TIF #33 TIF #34 TIF #35 TIF #36 TIF #37 TIF #38
Granary Lamico Oshkosh Corp Oshkosh Ave. Merge Aviation Pioneer
Redevelopment Redevelopment Headquarters Corridor Redevelopment Plaza Redevelopment
11,727$ -$ -$ -$ -$ -$ -$
- - - - - - -
- - 471,736 155,088 - - -
- - - - - - -
- - - - - - -
- - - - 63,000 10,000 10,000
- - - 600,000 - - -
11,727 - 471,736 755,088 63,000 10,000 10,000
- - - - - - -
- - - - - - -
- - - --- -
- - - - - - -
10,704 150 1,977 4,577 40,560 26,370 11,500
- - - 20,000 - - -
- - - 34,387 - - -
- - - 1,377,307 - - -
10,704 150 1,977 1,436,271 40,560 26,370 11,500
1,023 (150) 469,759 (681,183) 22,440 (16,370) (1,500)
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1,023 (150) 469,759 (681,183) 22,440 (16,370) (1,500)
(644) 2,783 (50,414) (15,580) - - -
379$ 2,633$ 419,345$ (696,763)$ 22,440$ (16,370)$ (1,500)$
Capital Projects
115
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CONCLUDED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
Total
Nonmajor
Capital
Projects
Funds Total
REVENUES
Taxes 4,710,374$ 11,494,774$
Special assessments - 140,610
Intergovernmental 853,622 3,004,671
Licenses and permits - 108
Fines and forfeits - 2,319
Public charges for services 172,668 1,939,054
Miscellaneous 1,270,196 2,470,811
Total revenues 7,006,860 19,052,347
EXPENDITURES
Current
Public safety - 237,986
Public works 109,244 3,485,272
Health and human services - 948,483
Culture and recreation 97,174 5,677,947
Conservation and development 1,845,881 3,477,479
Debt service
Principal 3,676,661 3,676,661
Interest and fiscal charges 652,972 652,972
Capital outlay 16,910,469 17,403,960
Total expenditures 23,292,401 35,560,760
Excess of revenues over (under) expenditures (16,285,541) (16,508,413)
OTHER FINANCING SOURCES (USES)
Long-term debt issued 14,035,500 14,035,500
Proceeds from sale of capital assets - 27,573
Transfers in - 2,276,732
Transfers out (3,275) (194,550)
Total other financing sources (uses) 14,032,225 16,145,255
Net change in fund balances (2,253,316) (363,158)
Fund balances - January 1 26,427,880 37,276,801
Fund balances - December 31 24,174,564$ 36,913,643$
116
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF NET POSITION
NONMAJOR ENTERPRISE FUNDS
DECEMBER 31, 2019
Oshkosh
Parkin Redevelopment Industrial
Utilit Pro ect Park
ASSETS
Current assets
Cash and investments 90,467$ 1,554,630$ -$
Receivables
Customer accounts 18,720 90,876 -
Inventories and prepaid items 21,014 - -
Total current assets 130,201 1,645,506 -
Other assets
Assets held for resale - - 6,385,630
Net pension asset - - -
Total other assets - - 6,385,630
Capital assets
Nondepreciable 1,817,234 3,217,848 -
Depreciable 1,682,949 6,092,093 -
Total capital assets 3,500,183 9,309,941 -
Total assets 3,630,384 10,955,447 6,385,630
DEFERRED OUTFLOWS OF RESOURCES
Pension related amounts 20,922 - -
Other postemplo ment related amounts 251 166 -
Total deferred outflows of resources 21,173 166 -
LIABILITIES
Current liabilities
Accounts pa able 5,553 98,953 2,940
Due to other funds - - 2,848,105
Accrued interest pa able 157 39,102 3,313
Special deposits - 5,000 -
Unearned revenue - - -
Current portion of lon -term debt - 235,000 100,000
Total current liabilities 5,710 378,055 2,954,358
Lon -term obli ations, less current portion
General obli ation debt 25,000 1,425,000 400,000
Compensated absences 1,189 - -
Net pension liabilit 7,854 - -
Other postemplo ment benefits 5,272 7,612 -
Total lon -term liabilities 39,315 1,432,612 400,000
Total liabilities 45,025 1,810,667 3,354,358
DEFERRED INFLOWS OF RESOURCES
Pension related amounts 10,875 - -
Other postemplo ment related amounts 530 386 -
Total deferred inflows of resources 11,405 386 -
NET POSITION
Net investment in capital assets 3,475,183 7,649,941 -
Unrestricted 119,944 1,494,619 3,031,272
Total net position 3,595,127$ 9,144,560$ 3,031,272$
117
Golf Inspection
Course Services Totals
250$ 1,057,397$ 2,702,744$
- 11,712 121,308
- - 21,014
250 1,069,109 2,845,066
- - 6,385,630
- - -
- - 6,385,630
- - 5,035,082
- - 7,775,042
- - 12,810,124
250 1,069,109 22,040,820
- 313,541 334,463
- 3,993 4,410
- 317,534 338,873
250 13,306 121,002
- - 2,848,105
- - 42,572
- - 5,000
- 10,743 10,743
- - 335,000
250 24,049 3,362,422
- - 1,850,000
- 74,735 75,924
- 114,766 122,620
- 91,791 104,675
- 281,292 2,153,219
250 305,341 5,515,641
- 158,899 169,774
- 8,491 9,407
- 167,390 179,181
- - 11,125,124
- 913,912 5,559,747
-$ 913,912$ 16,684,871$
118
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
NONMAJOR ENTERPRISE FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
Oshkosh
Parking Redevelopment Industrial
Utility Project Park
OPERATING REVENUES
Charges for services 144,374$ -$ -$
Taxes - 1,854,394 -
Fines, forfeitures and penalties 11,622 - -
Other - 93,519 12,100
Total operating revenues 155,996 1,947,913 12,100
OPERATING EXPENSES
Operation and maintenance 110,980 1,415,707 7,152
Depreciation 140,551 158,942 -
Total operating expenses 251,531 1,574,649 7,152
Operating income (loss) (95,535) 373,264 4,948
NONOPERATING REVENUES (EXPENSES)
Gain on disposal of capital assets - - 172,821
Interest and fiscal charges (2,063) (66,272) (19,723)
Total nonoperating revenues (expenses) (2,063) (66,272) 153,098
Income (loss) before transfers (97,598) 306,992 158,046
Transfers out - - -
Change in net position (97,598) 306,992 158,046
Net position - January 1 3,692,725 8,837,568 2,873,226
Net position - December 31 3,595,127$ 9,144,560$ 3,031,272$
119
Golf Inspection
Course Services Totals
-$ 1,039,518$ 1,183,892$
- - 1,854,394
- - 11,622
- - 105,619
- 1,039,518 3,155,527
77,390 952,999 2,564,228
- - 299,493
77,390 952,999 2,863,721
(77,390) 86,519 291,806
7,810 - 180,631
- - (88,058)
7,810 - 92,573
(69,580) 86,519 384,379
(2,002,182) - (2,002,182)
(2,071,762) 86,519 (1,617,803)
2,071,762 827,393 18,302,674
-$ 913,912$ 16,684,871$
120
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF CASH FLOWS
NONMAJOR ENTERPRISE FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
Oshkosh
Parking Redevelopment Industrial
Utility Project Park
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers 141,505$ 1,955,587$ 12,100$
Cash paid for employee wages and benefits (43,287) (84,935) -
Cash paid to suppliers (60,578) (1,506,250) (4,618)
Net cash provided (used) by operating activities 37,640 364,402 7,482
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Due to/from other funds (29,896) - (88,448)
Transfer in (out)- - -
Net cash provided (used) by noncapital financing activities (29,896) - (88,448)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Acquisition of capital assets - (2,244) -
Sale of capital assets 34,315 - 336,854
Principal paid on long-term debt - (235,000) (235,000)
Interest paid on long-term debt (2,064) (81,320) (20,888)
Net cash provided (used) by capital and related financing activities 32,251 (318,564) 80,966
Change in cash and cash equivalents 39,995 45,838 -
Cash and cash equivalents - January 1 50,472 1,508,792 -
Cash and cash equivalents - December 31 90,467$ 1,554,630$ -$
RECONCILIATION OF OPERATING INCOME (LOSS)
TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES
Operating income (loss) (95,535)$ 373,264$ 4,948$
Adjustments to reconcile operating income (loss) to
net cash provided by (used) by operating activities
Depreciation 140,551 158,942 -
Change in liability (asset) and deferred
outflows and inflows of resources
Change in WRS Asset/Liability 14,998 - -
Change in WRS Deferred Outflow (8,275) - -
Change in WRS Deferred Inflow (3,224) - -
Change in OPEB Liability (284) 161 -
Change in OPEB Deferred Outflow 43 22 -
Change in OPEB Deferred Inflow 508 386 -
Change in operating assets and liabilities
Accounts receivables (14,491) 7,674 -
Inventories and prepaid items 1,432 - -
Accounts payable 1,954 (176,047) 2,534
Accrued and other current liabilities - - -
Customer deposits - - -
Unearned revenue - - -
Compensated absences (37) - -
Net cash provided (used) by operating activities 37,640$ 364,402$ 7,482$
Reconciliation of cash and cash equivalents
to the statement of net position
Cash and cash equivalents in current assets 90,467$ 1,554,630$ -$
Noncash capital and related financing activities
Contributed capital assets -$ -$ -$
121
Golf Inspection
Course Services Totals
-$ 1,030,882$ 3,140,074$
(49,052) (750,312) (927,586)
(20,503) (143,813) (1,735,762)
(69,555) 136,757 476,726
- - (118,344)
(2,002,182) - (2,002,182)
(2,002,182) - (2,120,526)
- - (2,244)
34,171 - 405,340
- - (470,000)
- - (104,272)
34,171 - (171,176)
(2,037,566) 136,757 (1,814,976)
2,037,816 920,640 4,517,720
250$ 1,057,397$ 2,702,744$
(77,390)$ 86,519$ 291,806$
- - 299,493
- 172,383 187,381
8,505 (191,210) (190,980)
- 45,187 41,963
- 6,999 6,876
- (611) (546)
- 8,311 9,205
- 3,855 (2,962)
- - 1,432
(670) 227 (172,002)
- - -
- - -
- (12,491) (12,491)
- 17,588 17,551
(69,555)$ 136,757$ 476,726$
250$ 1,057,397$ 2,702,744$
-$ -$ -$
122
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF NET POSITION
INTERNAL SERVICE FUNDS
DECEMBER 31, 2019
Hospital Police Fire Workman's
Insurance Pension Pension Compensation Total
ASSETS
Current assets
Cash and investments 1,815,280$ 575,059$ 143,200$ 311,552$ 2,845,091$
DEFERRED OUTFLOWS OF RESOURCES
Other ostem lo ment related amounts - - - 210 210
LIABILITIES
Current liabilities
Accounts a able 473 - - 1,661 2,134
Lon -term obli ations, less current ortion
Other ostem lo ment benefits - - - 9,642 9,642
Total liabilities 473 - - 11,303 11,776
DEFERRED INFLOWS OF RESOURCES
Other ostem lo ment related amounts - - - 489 489
NET POSITION
Unrestricted 1,814,807$ 575,059$ 143,200$ 299,970$ 2,833,036$
123
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
Hospital Police Fire Workman's
Insurance Pension Pension Compensation Total
OPERATING REVENUES
Charges for services -$ -$ -$ 69,146$ 69,146$
Other 75,199 - - 517,948 593,147
Total operating revenues 75,199 - - 587,094 662,293
OPERATING EXPENSES
Claims and administration 74,589 3,278 4,160 617,637 699,664
Operating income (loss) 610 (3,278) (4,160) (30,543) (37,371)
NONOPERATING REVENUES
Interest income - 5,314 3,250 - 8,564
Change in net position 610 2,036 (910) (30,543) (28,807)
Net position - January 1 1,814,197 573,023 144,110 330,513 2,861,843
Net position - December 31 1,814,807$ 575,059$ 143,200$ 299,970$ 2,833,036$
124
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
Hospital Police Fire Workman's
Insurance Pension Pension Compensation Total
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from City 75,199$ -$ -$ 587,094$ 662,293$
Cash paid for employee wages and benefits - - - (199,077) (199,077)
Cash paid to suppliers (91,154) (3,278) (4,160) (418,912) (517,504)
Net cash used by operating activities (15,955) (3,278) (4,160) (30,895) (54,288)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received - 5,314 3,250 - 8,564
Change in cash and cash equivalents (15,955) 2,036 (910) (30,895) (45,724)
Cash and cash equivalents - January 1 1,831,235 573,023 144,110 342,447 2,890,815
Cash and cash equivalents - December 31 1,815,280$ 575,059$ 143,200$ 311,552$ 2,845,091$
RECONCILIATION OF OPERATING INCOME (LOSS)
TO NET CASH USED BY OPERATING ACTIVITIES
Operating income (loss) 610$ (3,278)$ (4,160)$ (30,543)$ (37,371)$
Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities
Change in liability (asset) and deferred
outflows and inflows of resources
Change in OPEB Liability - - - 204 204
Change in OPEB Deferred Outflow - - - 28 28
Change in OPEB Deferred Inflow - - - 489 489
Change in operating assets and liabilities
Accounts payable (16,565) - - (1,073) (17,638)
Net cash used by operating activities (15,955)$ (3,278)$ (4,160)$ (30,895)$ (54,288)$
Reconciliation of cash and cash equivalents
to the statement of net position
Cash and cash equivalents in
current assets 1,815,280$ 575,059$ 143,200$ 311,552$ 2,845,091$
Noncash capital and related financing activities
None
125
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF FIDUCIARY NET POSITION
CUSTODIAL FUNDS
DECEMBER 31, 2019
Tax Hospital
Collection Bioterrorism Totals
ASSETS
Current assets
Cash and investments 46,233,179$ 4,202$ 46,237,381$
LIABILITIES
Current liabilities
Accounts payable 43,993$ -$ 43,993$
Due to other governments 46,160,504 4,202 46,164,706
Deposits 28,682 - 28,682
Total liabilities 46,233,179 4,202 46,237,381
NET POSITION
Restricted -$ -$ -$
The notes to the basic financial statements are an integral part of this statement.
126
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF CHANGES IN NET POSITION
CUSTODIAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2019
Tax Hospital
Collection Bioterrorism Totals
ADDITIONS
Property tax collections 55,331,995$ -$ 55,331,995$
DEDUCTIONS
Payments to taxing jurisdictions 55,331,995 - 55,331,995
Change in net position - - -
Net position - January 1 - - -
Net position - December 31 -$ -$ -$
127
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - DEBT SERVICE FUND
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 11,617,200$ 11,617,200$ 11,451,100$ (166,100)$
Miscellaneous - - 319,917 319,917
Total revenues 11,617,200 11,617,200 11,771,017 153,817
EXPENDITURES
Debt service
Principal 16,054,100 16,054,100 10,787,521 5,266,579
Interest and fiscal charges 4,354,600 4,354,600 2,782,261 1,572,339
Total expenditures 20,408,700 20,408,700 13,569,782 6,838,918
Excess of revenues over (under)
expenditures (8,791,500) (8,791,500) (1,798,765) 6,992,735
OTHER FINANCING SOURCES
Long-term debt issued - - 1,964,500 1,964,500
Premium on debt issued - - 931,315 931,315
Transfers in 8,625,500 8,625,500 - (8,625,500)
Total other financing sources 8,625,500 8,625,500 2,895,815 (5,729,685)
Net change in fund balance (166,000) (166,000) 1,097,050 1,263,050
Fund balance - January 1 1,092,465 1,092,465 1,092,465 -
Fund balance - December 31 926,465$ 926,465$ 2,189,515$ 1,263,050$
128
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - SPECIAL ASSESSMENT IMPROVEMENT
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Special assessments -$ -$ 3,649,741$ 3,649,741$
EXPENDITURES
Debt service
Principal 530,000 530,000 530,000 -
Interest and fiscal charges 213,000 213,000 213,004 (4)
Capital outlay 100,000 106,495 120,302 (13,807)
Total expenditures 843,000 849,495 863,306 (13,811)
Excess of revenues over (under)
expenditures (843,000) (849,495) 2,786,435 3,635,930
Net change in fund balance (843,000) (849,495) 2,786,435 3,635,930
Fund balance - January 1 1,181,668 1,181,668 1,181,668 -
Fund balance - December 31 338,668$ 332,173$ 3,968,103$ 3,635,930$
129
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - COMMITTEE ON AGING
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 320,400$ 320,400$ 320,400$ -$
Intergovernmental 52,000 52,000 78,747 26,747
Public charges for services 110,265 110,265 69 (110,196)
Miscellaneous 57,135 57,135 126,214 69,079
Total revenues 539,800 539,800 525,430 (14,370)
EXPENDITURES
Current
Health and human services 539,200 547,300 522,995 24,305
Excess of revenues over (under)
expenditures 600 (7,500) 2,435 9,935
Net change in fund balance 600 (7,500) 2,435 9,935
Fund balance - January 1 107,308 107,308 107,308 -
Fund balance - December 31 107,908$ 99,808$ 109,743$ 9,935$
130
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - BUSINESS IMPROVEMENT DISTRICT
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Special assessments 140,600$ 140,600$ 140,610$ 10$
Miscellaneous 52,000 52,000 51,001 (999)
Total revenues 192,600 192,600 191,611 (989)
EXPENDITURES
Current
Conservation and development 192,600 192,600 181,023 11,577
Excess of revenues over (under)
expenditures - - 10,588 10,588
Net change in fund balance - - 10,588 10,588
Fund balance - January 1 62,724 62,724 62,724 -
Fund balance - December 31 62,724$ 62,724$ 73,312$ 10,588$
131
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - RECYCLING
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 235,000$ 235,000$ 237,131$ 2,131$
Public charges for services - - 868,014 868,014
Miscellaneous 874,300 874,300 13,120 (861,180)
Total revenues 1,109,300 1,109,300 1,118,265 8,965
EXPENDITURES
Current
Public works 816,400 816,400 803,502 12,898
Capital outlay 300,000 300,000 - 300,000
Total expenditures 1,116,400 1,116,400 803,502 312,898
Excess of revenues over (under)
expenditures (7,100) (7,100) 314,763 321,863
Net change in fund balance (7,100) (7,100) 314,763 321,863
Fund balance - January 1 1,121,683 1,121,683 1,121,683 -
Fund balance - December 31 1,114,583$ 1,114,583$ 1,436,446$ 321,863$
132
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - STREET LIGHTING
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 1,052,000$ 1,052,000$ 1,052,000$ -$
EXPENDITURES
Current
Public works 1,052,000 1,074,229 1,024,232 49,997
Net change in fund balance - (22,229) 27,768 49,997
Fund balance - January 1 60,855 60,855 60,855 -
Fund balance - December 31 60,855$ 38,626$ 88,623$ 49,997$
133
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - LIBRARY
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 2,696,100$ 2,696,100$ 2,696,100$ -$
Intergovernmental 632,900 632,900 632,880 (20)
Public charges for services 319,700 319,700 324,698 4,998
Miscellaneous 5,000 5,000 1,779 (3,221)
Total revenues 3,653,700 3,653,700 3,655,457 1,757
EXPENDITURES
Current
Culture and recreation 3,826,400 3,826,400 3,637,137 189,263
Capital outlay - - 3,249 (3,249)
Total expenditures 3,826,400 3,826,400 3,640,386 186,014
Net change in fund balance (172,700) (172,700) 15,071 187,771
Fund balance - January 1 605,437 605,437 605,437 -
Fund balance - December 31 432,737$ 432,737$ 620,508$ 187,771$
134
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - MUSEUM
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 977,700$ 977,700$ 977,700$ -$
Public charges for services 58,000 58,000 44,405 (13,595)
Miscellaneous 71,700 71,700 124,968 53,268
Total revenues 1,107,400 1,107,400 1,147,073 39,673
EXPENDITURES
Current
Culture and recreation 1,246,800 1,246,800 1,217,664 29,136
Capital outlay 6,000 9,000 7,017 1,983
Total expenditures 1,252,800 1,255,800 1,224,681 31,119
Excess of revenues over (under)
expenditures (145,400) (148,400) (77,608) 70,792
OTHER FINANCING SOURCES (USES)
Transfers in 142,500 142,500 - (142,500)
Transfers out (9,100) (9,100) - 9,100
Total other financing sources (uses) 133,400 133,400 - (133,400)
Net change in fund balance (12,000) (15,000) (77,608) (62,608)
Fund balance - January 1 746,634 746,634 746,634 -
Fund balance - December 31 734,634$ 731,634$ 669,026$ (62,608)$
135
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - CEMETERY
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 304,000$ 304,000$ 304,000$ -$
Miscellaneous 80,200 80,200 61,780 (18,420)
Total revenues 384,200 384,200 365,780 (18,420)
EXPENDITURES
Current
Health and human services 410,700 410,700 392,043 18,657
Excess of revenues over (under)
expenditures (26,500) (26,500) (26,263) 237
OTHER FINANCING SOURCES
Transfers in 28,500 28,500 28,500 -
Net change in fund balance 2,000 2,000 2,237 237
Fund balance - January 1 51,675 51,675 51,675 -
Fund balance - December 31 53,675$ 53,675$ 53,912$ 237$
136
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - COMMUNITY DEVELOPMENT BLOCK GRANT
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 795,000$ 795,000$ 801,802$ 6,802$
Miscellaneous 550,000 550,000 132,739 (417,261)
Total revenues 1,345,000 1,345,000 934,541 (410,459)
EXPENDITURES
Current
Conservation and development 1,345,000 1,345,000 740,892 604,108
Capital outlay - - 168,139 (168,139)
Total expenditures 1,345,000 1,345,000 909,031 435,969
Excess of revenues over (under)
expenditures - - 25,510 25,510
OTHER FINANCING SOURCES
Proceeds from sale of capital assets - - 25,863 25,863
Net change in fund balance - - 51,373 51,373
Fund balance - January 1 83,992 83,992 83,992 -
Fund balance - December 31 83,992$ 83,992$ 135,365$ 51,373$
137
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - LOCAL REVOLVING LOAN PROGRAM
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES -$ -$ -$ -$
EXPENDITURES
Current
Conservation and development 250,000 250,000 215,000 35,000
Excess of revenues over (under)
expenditures (250,000) (250,000) (215,000) 35,000
Net change in fund balance (250,000) (250,000) (215,000) 35,000
Fund balance - January 1 1,648,051 1,648,051 1,648,051 -
Fund balance - December 31 1,398,051$ 1,398,051$ 1,433,051$ 35,000$
138
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - SENIOR CENTER REVOLVING LOANS
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 4,000$ 4,000$ 2,588$ (1,412)$
Miscellaneous 58,000 58,000 57,304 (696)
Total revenues 62,000 62,000 59,892 (2,108)
EXPENDITURES
Current
Health and human services 39,400 43,300 33,445 9,855
Net change in fund balance 22,600 18,700 26,447 7,747
Fund balance - January 1 97,975 97,975 97,975 -
Fund balance - December 31 120,575$ 116,675$ 124,422$ 7,747$
139
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - BICYCLE
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Licenses and permits -$ -$ 108$ 108$
Miscellaneous 300 300 - (300)
Total revenues 300 300 108 (192)
EXPENDITURES
Current
Public safety 300 300 - 300
Net change in fund balance - - 108 108
Fund balance - January 1 16,055 16,055 16,055 -
Fund balance - December 31 16,055$ 16,055$ 16,163$ 108$
140
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - POLICE SPECIAL
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 15,500$ 15,500$ 34,016$ 18,516$
Miscellaneous 25,000 25,000 140,212 115,212
Total revenues 40,500 40,500 174,228 133,728
EXPENDITURES
Current
Public safety 41,500 116,500 151,695 (35,195)
Net change in fund balance (1,000) (76,000) 22,533 98,533
Fund balance - January 1 82,267 82,267 82,267 -
Fund balance - December 31 81,267$ 6,267$ 104,800$ 98,533$
141
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - FIRE/SAFETY
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 59,600$ 59,600$ 81,596$ 21,996$
Public charges for services 300 300 272 (28)
Miscellaneous - - 11,406 11,406
Total revenues 59,900 59,900 93,274 33,374
EXPENDITURES
Current
Public safety 54,400 82,692 71,896 10,796
Capital outlay 15,000 76,626 74,992 1,634
Total expenditures 69,400 159,318 146,888 12,430
Excess of revenues over (under)
expenditures (9,500) (99,418) (53,614) 45,804
OTHER FINANCING USES
Transfers out - - (191,275) (191,275)
Net change in fund balance (9,500) (99,418) (244,889) (145,471)
Fund balance - January 1 244,889 244,889 244,889 -
Fund balance - December 31 235,389$ 145,471$ -$ (145,471)$
142
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - POLICE ASSET FORFEITURE
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Fines and forfeits 5,000$ 5,000$ 2,319$ (2,681)$
EXPENDITURES
Current
Public safety 1,400 3,750 2,350 1,400
Excess of revenues over (under)
expenditures 3,600 1,250 (31) (1,281)
Net change in fund balance 3,600 1,250 (31) (1,281)
Fund balance - January 1 36,939 36,939 36,939 -
Fund balance - December 31 40,539$ 38,189$ 36,908$ (1,281)$
143
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - FEDERAL POLICE ASSET FORFEITURE
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 3,000$ 3,000$ 11,390$ 8,390$
EXPENDITURES
Capital outlay 15,000 15,000 - 15,000
Net change in fund balance (12,000) (12,000) 11,390 23,390
Fund balance - January 1 18,546 18,546 18,546 -
Fund balance - December 31 6,546$ 6,546$ 29,936$ 23,390$
144
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - EMS FIRE GRANT
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental -$ -$ 12,771$ 12,771$
Miscellaneous 6,000 6,000 8,798 2,798
Total revenues 6,000 6,000 21,569 15,569
EXPENDITURES
Current
Public safety 4,700 31,200 12,042 19,158
Excess of revenues over (under)
expenditures 1,300 (25,200) 9,527 34,727
OTHER FINANCING SOURCES
Transfers in - - 217,775 217,775
Net change in fund balance 1,300 (25,200) 227,302 252,502
Fund balance - January 1 23,819 23,819 23,819 -
Fund balance - December 31 25,119$ (1,381)$ 251,121$ 252,502$
145
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - HISTORICAL MARKER
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Miscellaneous 1,000$ 1,000$ 712$ (288)$
EXPENDITURES
Current
Culture and recreation 3,000 3,000 666 2,334
Net change in fund balance (2,000) (2,000) 46 2,046
Fund balance - January 1 23,559 23,559 23,559 -
Fund balance - December 31 21,559$ 21,559$ 23,605$ 2,046$
146
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - COMMUNITY DEVELOPMENT SPECIAL
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 1,175,000$ 1,175,000$ 199,813$ (975,187)$
Miscellaneous 40,000 40,000 103,800 63,800
Total revenues 1,215,000 1,215,000 303,613 (911,387)
EXPENDITURES
Current
Conservation and development 1,215,000 1,215,000 67,983 1,147,017
Net change in fund balance - - 235,630 235,630
Fund balance - January 1 (70,607) (70,607) (70,607) -
Fund balance - December 31 (70,607)$ (70,607)$ 165,023$ 235,630$
147
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - PARKS REVENUE FACILITIES
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 20,300$ 20,300$ -$ (20,300)$
Public charges for services 240,000 240,000 205,148 (34,852)
Miscellaneous 125,500 160,500 134,902 (25,598)
Total revenues 385,800 420,800 340,050 (80,750)
EXPENDITURES
Current
Culture and recreation 270,200 272,400 233,828 38,572
Capital outlay 255,000 300,000 227,373 72,627
Total expenditures 525,200 572,400 461,201 111,199
Excess of revenues over (under)
expenditures (139,400) (151,600) (121,151) 30,449
OTHER FINANCING SOURCES
Proceeds from sale of capital assets - - 1,710 1,710
Transfers in - - 2,005,457 2,005,457
Total other financing sources (uses) - - 2,007,167 2,007,167
Net change in fund balance (139,400) (151,600) 1,886,016 2,037,616
Fund balance - January 1 632,012 632,012 632,012 -
Fund balance - December 31 492,612$ 480,412$ 2,518,028$ 2,037,616$
148
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - LEACH AMPHITHEATER
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 14,000$ 14,000$ 14,000$ -$
Public charges for services 35,000 35,000 42,025 7,025
Miscellaneous 40,000 40,000 23,414 (16,586)
Total revenues 89,000 89,000 79,439 (9,561)
EXPENDITURES
Current
Culture and recreation 114,000 114,000 75,178 38,822
Excess of revenues over (under)
expenditures (25,000) (25,000) 4,261 29,261
OTHER FINANCING SOURCES
Transfers in 25,000 25,000 25,000 -
Net change in fund balance - - 29,261 29,261
Fund balance - January 1 24,066 24,066 24,066 -
Fund balance - December 31 24,066$ 24,066$ 53,327$ 29,261$
149
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - PUBLIC WORKS SPECIAL
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 250,000$ 250,000$ 58,315$ (191,685)$
EXPENDITURES
Current
Public works 250,000 250,000 167,931 82,069
Net change in fund balance - - (109,616) (109,616)
Fund balance - January 1 4,356 4,356 4,356 -
Fund balance - December 31 4,356$ 4,356$ (105,260)$ (109,616)$
150
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - GARBAGE DISPOSAL
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 1,331,200$ 1,331,200$ 1,331,200$ -$
Public charges for services 40,600 40,600 43,981 3,381
Total revenues 1,371,800 1,371,800 1,375,181 3,381
EXPENDITURES
Current
Public works 1,371,800 1,417,370 1,380,363 37,007
Net change in fund balance - (45,570) (5,182) 40,388
Fund balance - January 1 127,002 127,002 127,002 -
Fund balance - December 31 127,002$ 81,432$ 121,820$ 40,388$
151
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - POLLOCK WATER PARK
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 64,000$ 64,000$ 64,000$ -$
Public charges for services 185,000 185,000 236,484 51,484
Miscellaneous 120,000 120,000 158,911 38,911
Total revenues 369,000 369,000 459,395 90,395
EXPENDITURES
Current
Culture and recreation 355,100 372,100 401,554 (29,454)
Capital outlay 12,500 12,500 12,721 (221)
Total expenditures 367,600 384,600 414,275 (29,675)
Net change in fund balance 1,400 (15,600) 45,120 60,720
Fund balance - January 1 47,504 47,504 47,504 -
Fund balance - December 31 48,904$ 31,904$ 92,624$ 60,720$
152
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - HEALTHY NEIGHBORHOOD INITIATIVE
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Miscellaneous 12,000$ 12,000$ 49,408$ 37,408$
EXPENDITURES
Current
Conservation and development 531,900 531,900 426,700 105,200
Net change in fund balance (519,900) (519,900) (377,292) 142,608
Fund balance - January 1 4,825,099 4,825,099 4,825,099 -
Fund balance - December 31 4,305,199$ 4,305,199$ 4,447,807$ 142,608$
153
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - RENTAL INSPECTIONS
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 25,000$ 25,000$ 25,000$ -$
Public charges for services - - 1,290 1,290
Total revenues 25,000 25,000 26,290 1,290
EXPENDITURES
Current
Culture and recreation 25,000 25,000 14,746 10,254
Net change in fund balance - - 11,544 11,544
Fund balance - January 1 (489) (489) (489) -
Fund balance - December 31 (489)$ (489)$ 11,055$ 11,544$
154
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - STREET TREE
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental -$ -$ 18,000$ 18,000$
Miscellaneous - 4,000 7,700 3,700
Total revenues - 4,000 25,700 21,700
EXPENDITURES
Current
Culture and recreation - 22,000 11,156 10,844
Net change in fund balance - (18,000) 14,544 32,544
Fund balance - January 1 4,774 4,774 4,774 -
Fund balance - December 31 4,774$ (13,226)$ 19,318$ 32,544$
155
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - EQUIPMENT
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes -$ -$ 975,000$ 975,000$
Intergovernmental - - 45,000 45,000
Miscellaneous - - 7,457 7,457
Total revenues - - 1,027,457 1,027,457
EXPENDITURES
Current
Public works 2,028,622 2,271,771 76,503 2,195,268
Capital outlay 8,026,903 10,082,058 6,496,442 3,585,616
Total expenditures 10,055,524 12,353,829 6,572,945 5,780,884
Excess of revenues over (under)
expenditures (10,055,524) (12,353,829) (5,545,488) 6,808,341
OTHER FINANCING SOURCES
Long-term debt issued - - 6,636,500 6,636,500
Net change in fund balance (10,055,524) (12,353,829) 1,091,012 13,444,841
Fund balance - January 1 9,999,764 9,999,764 9,999,764 -
Fund balance - December 31 (55,760)$ (2,354,065)$ 11,090,776$ 13,444,841$
156
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - PARK IMPROVEMENT AND ACQUISITION
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes -$ -$ 15,000$ 15,000$
Public charges for services - - 10,951 10,951
Miscellaneous - 6,000 153,874 147,874
Total revenues - 6,000 179,825 173,825
EXPENDITURES
Current
Culture and recreation 50,000 51,700 50,927 773
Capital outlay 1,494,014 1,752,915 1,235,529 517,386
Total expenditures 1,544,014 1,804,615 1,286,456 518,159
Excess of revenues over (under)
expenditures (1,544,014) (1,798,615) (1,106,631) 691,984
OTHER FINANCING SOURCES
Long-term debt issued - - 580,000 580,000
Net change in fund balance (1,544,014) (1,798,615) (526,631) 1,271,984
Fund balance - January 1 580,967 580,967 580,967 -
Fund balance - December 31 (963,047)$ (1,217,648)$ 54,336$ 1,271,984$
157
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - GRAND OPERA HOUSE
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 2,000$ 2,000$ 2,000$ -$
Miscellaneous 25,000 25,000 25,001 1
Total revenues 27,000 27,000 27,001 1
EXPENDITURES
Current
Culture and recreation 27,000 37,000 35,091 1,909
Capital outlay - 6,800 6,725 75
Total expenditures 27,000 43,800 41,816 1,984
Net change in fund balance - (16,800) (14,815) 1,985
Fund balance - January 1 81,639 81,639 81,639 -
Fund balance - December 31 81,639$ 64,839$ 66,824$ 1,985$
158
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - PARKING RAMP IMPROVEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Miscellaneous 110,600$ 109,770$ 112,079$ 2,309$
EXPENDITURES
Current
Public works 16,600 16,600 14,785 1,815
Capital outlay 50,000 50,830 57,134 (6,304)
Total expenditures 66,600 67,430 71,919 (4,489)
Net change in fund balance 44,000 42,340 40,160 (2,180)
Fund balance - January 1 317,367 317,367 317,367 -
Fund balance - December 31 361,367$ 359,707$ 357,527$ (2,180)$
159
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #8 S AVIATION INDUSTRIAL
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES -$ -$ -$ -$
EXPENDITURES
Debt service
Principal - - 50,000 (50,000)
Interest and fiscal charges - - 2,780 (2,780)
Capital outlay 53,000 53,000 - 53,000
Total expenditures 53,000 53,000 52,780 220
Net change in fund balance (53,000) (53,000) (52,780) 220
Fund balance - January 1 104,674 104,674 104,674 -
Fund balance - December 31 51,674$ 51,674$ 51,894$ 220$
160
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #10 MAIN AND WASHINGTON
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 13,700$ 13,700$ 12,468$ (1,232)$
Intergovernmental 100 100 153 53
Total revenues 13,800 13,800 12,621 (1,179)
EXPENDITURES
Current
Conservation and development 13,800 13,800 150 13,650
Net change in fund balance - - 12,471 12,471
Fund balance - January 1 14,230 14,230 14,230 -
Fund balance - December 31 14,230$ 14,230$ 26,701$ 12,471$
161
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #11 OSHKOSH OFFICE CENTER
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 12,900$ 12,900$ 6,271$ (6,629)$
Intergovernmental - - 62 62
Total revenues 12,900 12,900 6,333 (6,567)
EXPENDITURES
Current
Conservation and development 200 200 149 51
Net change in fund balance 12,700 12,700 6,184 (6,516)
Fund balance - January 1 35,876 35,876 35,876 -
Fund balance - December 31 48,576$ 48,576$ 42,060$ (6,516)$
162
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #12 DIVISION STREET
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 116,000$ 116,000$ 119,734$ 3,734$
Intergovernmental 400 400 961 561
Total revenues 116,400 116,400 120,695 4,295
EXPENDITURES
Current
Conservation and development 106,500 106,500 70,144 36,356
Debt service
Principal - - 30,000 (30,000)
Interest and fiscal charges - - 2,038 (2,038)
Total expenditures 106,500 106,500 102,182 4,318
Net change in fund balance 9,900 9,900 18,513 8,613
Fund balance - January 1 741,898 741,898 741,898 -
Fund balance - December 31 751,798$ 751,798$ 760,411$ 8,613$
163
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #13 MARION ROAD/ PEARL AVE.
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 299,700$ 299,700$ 266,819$ (32,881)$
Intergovernmental 1,000 1,000 2,511 1,511
Miscellaneous 14,500 14,500 209,180 194,680
Total revenues 315,200 315,200 478,510 163,310
EXPENDITURES
Current
Conservation and development 1,201,800 1,201,800 150 1,201,650
Debt service
Principal - - 1,070,000 (1,070,000)
Interest and fiscal charges - - 131,566 (131,566)
Total expenditures 1,201,800 1,201,800 1,201,716 84
Net change in fund balance (886,600) (886,600) (723,206) 163,394
Fund balance - January 1 1,778,508 1,778,508 1,778,508 -
Fund balance - December 31 891,908$ 891,908$ 1,055,302$ 163,394$
164
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #14 MERCY MEDICAL
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 489,700$ 489,700$ 501,396$ 11,696$
Intergovernmental 100 100 2,488 2,388
Total revenues 489,800 489,800 503,884 14,084
EXPENDITURES
Current
Conservation and development 464,700 464,700 356,247 108,453
Debt service
Principal - - 95,000 (95,000)
Interest and fiscal charges - - 14,415 (14,415)
Total expenditures 464,700 464,700 465,662 (962)
Net change in fund balance 25,100 25,100 38,222 13,122
Fund balance - January 1 759,544 759,544 759,544 -
Fund balance - December 31 784,644$ 784,644$ 797,766$ 13,122$
165
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #15 PARK PLAZA
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 202,500$ 202,500$ 206,173$ 3,673$
Intergovernmental 45,400 45,400 47,519 2,119
Total revenues 247,900 247,900 253,692 5,792
EXPENDITURES
Current
Conservation and development 116,200 116,200 82,242 33,958
Debt service
Principal - - 40,000 (40,000)
Interest and fiscal charges - - 4,335 (4,335)
Total expenditures 116,200 116,200 126,577 (10,377)
Net change in fund balance 131,700 131,700 127,115 (4,585)
Fund balance - January 1 2,448,566 2,448,566 2,448,566 -
Fund balance - December 31 2,580,266$ 2,580,266$ 2,575,681$ (4,585)$
166
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #16 100 BLOCK REDEVELOPMENT
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 126,600$ 126,600$ 129,008$ 2,408$
Intergovernmental 500 500 1,178 678
Total revenues 127,100 127,100 130,186 3,086
EXPENDITURES
Current
Conservation and development 310,900 310,900 70,587 240,313
Debt service
Principal - - 215,000 (215,000)
Interest and fiscal charges - - 24,040 (24,040)
Total expenditures 310,900 310,900 309,627 1,273
Net change in fund balance (183,800) (183,800) (179,441) 4,359
Fund balance - January 1 922,356 922,356 922,356 -
Fund balance - December 31 738,556$ 738,556$ 742,915$ 4,359$
167
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #17 CITY CENTRE
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 282,800$ 282,800$ 279,801$ (2,999)$
Intergovernmental 45,900 45,900 48,329 2,429
Total revenues 328,700 328,700 328,130 (570)
EXPENDITURES
Current
Conservation and development 447,100 447,100 150 446,950
Debt service
Principal - - 350,000 (350,000)
Interest and fiscal charges - - 96,870 (96,870)
Total expenditures 447,100 447,100 447,020 80
Net change in fund balance (118,400) (118,400) (118,890) (490)
Fund balance - January 1 794,017 794,017 794,017 -
Fund balance - December 31 675,617$ 675,617$ 675,127$ (490)$
168
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #18 SW INDUSTRIAL #3
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 519,700$ 519,700$ 444,389$ (75,311)$
Intergovernmental 1,500 1,500 4,019 2,519
Total revenues 521,200 521,200 448,408 (72,792)
EXPENDITURES
Current
Conservation and development 338,200 338,200 150 338,050
Debt service
Principal - - 295,000 (295,000)
Interest and fiscal charges - - 34,050 (34,050)
Total expenditures 338,200 338,200 329,200 9,000
Net change in fund balance 183,000 183,000 119,208 (63,792)
Fund balance - January 1 (1,697,451) (1,697,451) (1,697,451) -
Fund balance - December 31 (1,514,451)$ (1,514,451)$ (1,578,243)$ (63,792)$
169
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #19 NW INDUSTRIAL EXPANSION
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 222,800$ 222,800$ 209,899$ (12,901)$
Intergovernmental 6,900 6,900 8,136 1,236
Total revenues 229,700 229,700 218,035 (11,665)
EXPENDITURES
Current
Conservation and development 144,500 144,500 66,347 78,153
Debt service
Principal - - 132,760 (132,760)
Interest and fiscal charges - - 11,509 (11,509)
Capital outlay - 145,000 109,613 35,387
Total expenditures 144,500 289,500 320,229 (30,729)
Net change in fund balance 85,200 (59,800) (102,194) (42,394)
Fund balance - January 1 428,800 428,800 428,800 -
Fund balance - December 31 514,000$ 369,000$ 326,606$ (42,394)$
170
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #20 SOUTH SIDE FOX RIVER
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 1,000$ 1,000$ 1,049$ 49$
Miscellaneous - - 35,000 35,000
Total revenues 1,000 1,000 36,049 35,049
EXPENDITURES
Current
Conservation and development - - 30,703 (30,703)
Debt service
Principal - - 360,000 (360,000)
Interest and fiscal charges - - 80,298 (80,298)
Capital outlay 3,901,745 4,295,290 548,640 3,746,650
Total expenditures 3,901,745 4,295,290 1,019,641 3,275,649
Net change in fund balance (3,900,745) (4,294,290) (983,592) 3,310,698
Fund balance - January 1 6,222,500 6,222,500 6,222,500 -
Fund balance - December 31 2,321,755$ 1,928,210$ 5,238,908$ 3,310,698$
171
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #21 FOX RIVER CORRIDOR
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 526,100$ 526,100$ 314,758$ (211,342)$
Intergovernmental 500 500 3,038 2,538
Total revenues 526,600 526,600 317,796 (208,804)
EXPENDITURES
Current
Conservation and development 1,000,000 1,000,000 98,872 901,128
Debt service
Principal - - 90,000 (90,000)
Interest and fiscal charges - - 51,569 (51,569)
Capital outlay 1,240,000 1,846,347 127,931 1,718,416
Total expenditures 2,240,000 2,846,347 368,372 2,477,975
Net change in fund balance (1,713,400) (2,319,747) (50,576) 2,269,171
Fund balance - January 1 (479,082) (479,082) (479,082) -
Fund balance - December 31 (2,192,482)$ (2,798,829)$ (529,658)$ 2,269,171$
172
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #23 SW INDUSTRIAL PARK
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Miscellaneous -$ -$ 5,000$ 5,000$
EXPENDITURES
Current
Conservation and development - - 53,200 (53,200)
Debt service
Principal - - 332,685 (332,685)
Interest and fiscal charges - - 81,015 (81,015)
Capital outlay 420,900 487,100 210 486,890
Total expenditures 420,900 487,100 467,110 19,990
Excess of revenues over (under)
expenditures (420,900) (487,100) (462,110) 24,990
OTHER FINANCING SOURCES
Long-term debt issued - - 1,500,000 1,500,000
Net change in fund balance (420,900) (487,100) 1,037,890 1,524,990
Fund balance - January 1 (2,208,785) (2,208,785) (2,208,785) -
Fund balance - December 31 (2,629,685)$ (2,695,885)$ (1,170,895)$ 1,524,990$
173
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #24 OSHKOSH CORP
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 188,400$ 188,400$ 211,184$ 22,784$
Intergovernmental 8,500 8,500 9,607 1,107
Total revenues 196,900 196,900 220,791 23,891
EXPENDITURES
Current
Conservation and development 195,200 225,200 217,346 7,854
Net change in fund balance 1,700 (28,300) 3,445 31,745
Fund balance - January 1 32,538 32,538 32,538 -
Fund balance - December 31 34,238$ 4,238$ 35,983$ 31,745$
174
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #25 CITY CENTER HOTEL
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 276,600$ 276,600$ 251,323$ (25,277)$
Intergovernmental 3,300 3,300 4,747 1,447
Total revenues 279,900 279,900 256,070 (23,830)
EXPENDITURES
Current
Conservation and development 275,100 275,100 150 274,950
Debt service
Principal - - 228,376 (228,376)
Interest and fiscal charges - - 26,177 (26,177)
Total expenditures 275,100 275,100 254,703 20,397
Net change in fund balance 4,800 4,800 1,367 (3,433)
Fund balance - January 1 (1,766,237) (1,766,237) (1,766,237) -
Fund balance - December 31 (1,761,437)$ (1,761,437)$ (1,764,870)$ (3,433)$
175
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #26 AVIATION BUSINESS PARK
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Miscellaneous -$ -$ 2,700$ 2,700$
EXPENDITURES
Current
Conservation and development 425,000 425,000 149 424,851
Debt service
Principal - - 360,186 (360,186)
Interest and fiscal charges - - 52,323 (52,323)
Total expenditures 425,000 425,000 412,658 12,342
Net change in fund balance (425,000) (425,000) (409,958) 15,042
Fund balance - January 1 (1,545,013) (1,545,013) (1,545,013) -
Fund balance - December 31 (1,970,013)$ (1,970,013)$ (1,954,971)$ 15,042$
176
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #27 NORTH MAIN STREET
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 122,600$ 122,600$ 178,660$ 56,060$
Intergovernmental 28,400 28,400 29,638 1,238
Total revenues 151,000 151,000 208,298 57,298
EXPENDITURES
Current
Conservation and development 107,200 107,200 35,825 71,375
Net change in fund balance 43,800 43,800 172,473 128,673
Fund balance - January 1 (2,205,637) (2,205,637) (2,205,637) -
Fund balance - December 31 (2,161,837)$ (2,161,837)$ (2,033,164)$ 128,673$
177
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #28 BEACH BUILDING REDEVELOPMENT
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 39,300$ 39,300$ 45,399$ 6,099$
Intergovernmental - - 191 191
Public charges for services 2,500 2,500 - (2,500)
Total revenues 41,800 41,800 45,590 3,790
EXPENDITURES
Current
Conservation and development 37,600 73,600 67,954 5,646
Net change in fund balance 4,200 (31,800) (22,364) 9,436
Fund balance - January 1 19,365 19,365 19,365 -
Fund balance - December 31 23,565$ (12,435)$ (2,999)$ 9,436$
178
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #29 MORGAN DISTRICT
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 2,900$ 2,900$ 5,270$ 2,370$
Intergovernmental - - 14 14
Total revenues 2,900 2,900 5,284 2,384
EXPENDITURES
Current
Conservation and development 200 200 150 50
Net change in fund balance 2,700 2,700 5,134 2,434
Fund balance - January 1 (8,415) (8,415) (8,415) -
Fund balance - December 31 (5,715)$ (5,715)$ (3,281)$ 2,434$
179
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #30 WASHINGTON BUILDING
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 32,600$ 32,600$ 40,950$ 8,350$
Intergovernmental - - 158 158
Public charges for services - - 78,717 78,717
Total revenues 32,600 32,600 119,825 87,225
EXPENDITURES
Current
Conservation and development 25,300 35,300 32,756 2,544
Net change in fund balance 7,300 (2,700) 87,069 89,769
Fund balance - January 1 (87,502) (87,502) (87,502) -
Fund balance - December 31 (80,202)$ (90,202)$ (433)$ 89,769$
180
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #31 BUCKSTAFF REDEVELOPMENT
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 485,700$ 485,700$ 473,145$ (12,555)$
Public charges for services 10,000 10,000 - (10,000)
Total revenues 495,700 495,700 473,145 (22,555)
EXPENDITURES
Current
Conservation and development 450,000 450,000 566,622 (116,622)
Debt service
Principal - - 7,654 (7,654)
Interest and fiscal charges - - 5,600 (5,600)
Total expenditures 450,000 450,000 579,876 (129,876)
Excess of revenues over (under)
expenditures 45,700 45,700 (106,731) (152,431)
OTHER FINANCING SOURCES (USES)
Long-term debt issued - - 140,000 140,000
Net change in fund balance 45,700 45,700 33,269 (12,431)
Fund balance - January 1 (92,967) (92,967) (92,967) -
Fund balance - December 31 (47,267)$ (47,267)$ (59,698)$ (12,431)$
181
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #32 GRANARY REDEVELOPMENT
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 10,500$ 10,500$ 11,727$ 1,227$
EXPENDITURES
Current
Conservation and development 10,000 15,000 10,704 4,296
Net change in fund balance 500 (4,500) 1,023 5,523
Fund balance - January 1 (644) (644) (644) -
Fund balance - December 31 (144)$ (5,144)$ 379$ 5,523$
182
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #33 LAMICO REDEVELOPMENT
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 350,000$ 350,000$ -$ (350,000)$
EXPENDITURES
Current
Conservation and development 276,200 276,200 150 276,050
Net change in fund balance 73,800 73,800 (150) (73,950)
Fund balance - January 1 2,783 2,783 2,783 -
Fund balance - December 31 76,583$ 76,583$ 2,633$ (73,950)$
183
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #34 OSHKOSH CORP HEADQUARTERS
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 193,500$ 193,500$ 471,736$ 278,236$
Miscellaneous 600,000 600,000 - (600,000)
Total revenues 793,500 793,500 471,736 (321,764)
EXPENDITURES
Current
Conservation and development 75,000 76,828 1,977 74,851
Net change in fund balance 718,500 716,673 469,759 (246,914)
Fund balance - January 1 (50,414) (50,414) (50,414) -
Fund balance - December 31 668,086$ 666,259$ 419,345$ (246,914)$
184
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #35 OSHKOSH AVE. CORRIDOR
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental -$ -$ 155,088$ 155,088$
Miscellaneous - - 600,000 600,000
Total revenues - - 755,088 755,088
EXPENDITURES
Current
Conservation and development 25,000 25,000 4,577 20,423
Debt service
Principal - - 20,000 (20,000)
Interest and fiscal charges - - 34,387 (34,387)
Capital outlay 1,600,000 1,750,000 1,377,307 372,693
Total expenditures 1,625,000 1,775,000 1,436,271 338,729
Net change in fund balance (1,625,000) (1,775,000) (681,183) 1,093,817
Fund balance - January 1 (15,580) (15,580) (15,580) -
Fund balance - December 31 (1,640,580)$ (1,790,580)$ (696,763)$ 1,093,817$
185
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #36 MERGE REDEVELOPMENT
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Public charges for services -$ -$ 63,000$ 63,000$
EXPENDITURES
Current
Conservation and development - 63,000 40,560 22,440
Net change in fund balance - (63,000) 22,440 85,440
Fund balance - January 1 - - - -
Fund balance - December 31 -$ (63,000)$ 22,440$ 85,440$
186
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #37 AVIATION PLAZA
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Public charges for services -$ -$ 10,000$ 10,000$
EXPENDITURES
Current
Conservation and development - 35,000 26,370 8,630
Net change in fund balance - (35,000) (16,370) 18,630
Fund balance - January 1 - - - -
Fund balance - December 31 -$ (35,000)$ (16,370)$ 18,630$
187
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - TIF #38 PIONEER REDEVELOPMENT
FOR THE YEAR ENDED DECEMBER 31, 2019
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Public charges for services -$ -$ 10,000$ 10,000$
EXPENDITURES
Current
Conservation and development - 25,000 11,500 13,500
Net change in fund balance - (25,000) (1,500) 23,500
Fund balance - January 1 - - - -
Fund balance - December 31 -$ (25,000)$ (1,500)$ 23,500$
2019 2018 2017 2016 2015
Governmental Activities
Net Investment in Capital Assets 47,319,281$ 43,812,963$ 37,227,904$ 39,752,753$ 36,184,133$
Restricted 33,107,131 27,951,509 28,379,167 22,305,281 38,369,139
Unrestricted 44,024,834 47,114,137 33,786,672 26,329,710 18,792,902
Total Governmental Activities Net Position 124,451,246$ 118,878,609$ 99,393,743$ 88,387,744$ 93,346,174$
Business-Type Activities
Net Investment in Capital Assets 145,221,685$ 140,276,752$ 113,691,844$ 120,012,568$ 123,851,149$
Restricted 16,792,800 16,279,781 12,250,194 31,949,679 14,773,848
Unrestricted 65,833,816 58,666,104 73,264,160 33,991,810 35,395,885
Total Business-Type Activities Net Position 227,848,301$ 215,222,637$ 199,206,198$ 185,954,057$ 174,020,882$
Primary government
Net Investment in Capital Assets 192,540,966$ 184,089,715$ 150,919,748$ 159,765,321$ 160,035,282$
Restricted 49,899,931 44,231,290 40,629,361 54,254,960 53,142,987
Unrestricted 109,858,650 105,780,241 107,050,832 60,321,520 54,188,787
Total Primary Government Net Position 352,299,547$ 334,101,246$ 298,599,941$ 274,341,801$ 267,367,056$
CITY OF OSHKOSH, WISCONSIN
Net Position
Last Five Years
(accrual basis of accounting)
188
2019 2018 2017 2016 2015
Program Revenues
Governmental Activities:
Charges for Services:
General Government 1,602,025$ 1,579,036$ 1,600,030$ 1,438,721$ 1,558,511$
Public Safety 3,575,002 2,930,736 3,323,449 3,275,667 3,201,203
Public Works 4,770,871 4,194,483 4,351,816 4,318,592 3,865,108
Health and Human Services 150,266 158,010 128,185 197,444 171,211
Culture and recreation 1,038,940 1,331,976 991,340 1,328,326 1,457,930
Transportation 46,162 49,406 32,311 74,052 38,197
Conservation and Development 1,238,017 1,910,581 1,948,213 1,160,765 1,795,886
Operating grants and contributions 7,296,173 7,382,098 5,548,647 5,931,258 6,414,312
Capital grants and contributions 2,574,279 5,997,060 6,321,824 2,731,515 3,898,785
Total Governmental Activities Program Revenues 22,291,735 25,533,386 24,245,815 20,456,340 22,401,143
Business-Type Activities:
Charges for Services:
Transit utility 1,116,993 995,725 895,265 1,153,149 974,398
Water utility 16,109,837 15,465,120 15,122,194 14,445,314 13,880,943
Sewer utility 15,192,344 14,560,093 13,530,955 12,601,254 11,505,240
Storm Water utility 10,753,050 9,986,323 9,254,565 8,762,387 8,008,241
Other 3,328,348 3,357,933 3,847,579 3,771,400 2,460,714
Operating grants and contributions 4,226,850 3,110,752 3,189,855 3,001,264 2,988,658
Capital grants and contributions 1,911,582 5,085,796 3,935,617 4,208,145 2,282,249
Total Business-Type Activities Program Revenues 52,639,004 52,561,742 49,776,030 47,942,913 42,100,443
Total Primary Government Program Revenues 74,930,739 78,095,128 74,021,845 68,399,253 64,501,586
Expenses
Governmental Activities:
General Government 7,206,740 6,994,718 7,136,366 7,798,046 6,877,632
Public Safety 31,705,030 28,413,351 29,348,673 27,967,136 27,496,737
Public Works 15,888,569 13,759,356 15,167,905 15,386,290 16,804,792
Health and Human Services 1,013,157 934,016 1,042,797 930,952 942,326
Culture and recreation 9,395,932 9,363,655 8,914,798 8,785,030 8,886,775
Transportation 1,081,675 712,193 1,038,006 1,092,783 731,434
Conservation and Development 8,690,720 2,398,993 6,364,471 14,892,738 8,546,791
Unclassified 875,692 1,149,873 1,310,095 662,548 858,234
Interest and Fiscal Charges 3,267,500 3,521,757 3,479,436 3,849,290 3,958,629
Total Governmental Activities Expenses 79,125,015 67,247,912 73,802,547 81,364,813 75,103,350
Business-Type Activities:
Transit utility 5,373,317 5,252,110 5,115,027 4,809,392 4,737,860
Water utility 11,119,434 10,863,872 10,466,239 10,892,066 10,564,852
Sewer utility 12,647,065 11,962,807 11,528,889 10,825,702 10,526,101
Storm Water utility 7,184,160 6,911,334 6,375,794 6,312,063 5,808,799
Other 2,951,779 3,075,088 3,454,550 3,350,343 2,331,609
Total Business-Type Activities Expenses 39,275,755 38,065,211 36,940,499 36,189,566 33,969,221
Total Primary Government Expenses 118,400,770 105,313,123 110,743,046 117,554,379 109,072,571
CITY OF OSHKOSH, WISCONSIN
Changes in Net Position
Last Five Years
(accrual basis of accounting)
189
2019 2018 2017 2016 2015
Net (Expense)/Revenue
Governmental Activities (56,833,280)$ (41,714,526)$ (49,556,732)$ (60,908,473)$ (52,702,207)$
Business-Type Activities 13,363,249 14,496,531 12,835,531 11,753,347 8,131,222
Total Primary Government Net Expense (43,470,031)$ (27,217,995)$ (36,721,201)$ (49,155,126)$ (44,570,985)$
General Revenues and Other Changes in Net Position
Governmental Activities:
Taxes:
Property and Other Local Taxes Levied For:
General Purposes 27,149,155 26,088,061 25,568,490 16,540,825 7,674,823
Other Purposes 4,111,868 7,053,820 6,652,124 13,439,350 14,856,920
Debt Service 11,451,100 10,985,500 10,323,676 9,851,809 18,037,275
13,092,274 14,004,464 13,868,473 13,286,136 12,165,208
Investment Earnings 2,171,166 966,466 1,898,404 1,351,658 185,641
Gain (Loss) on Sale of Capital Assets 42,630 16,841 150,275 18,075 25,683
Miscellaneous 1,385,542 355,433 1,136,780 476,935 317,288
Transfers 3,002,182 1,371,400 964,509 985,255 988,173
Total Governmental Activities 62,405,917 60,841,985 60,562,731 55,950,043 54,251,011
Business-Type Activities:
General Purposes property taxes levied for 947,700 920,600 887,524 843,391 748,125
Investment Earnings 1,307,437 788,592 493,595 288,022 (13,041)
Gain (Loss) on Sale of Capital Assets 1,650 7,311 - 33,670 -
Miscellaneous 7,810 2,163,840 - - -
Transfers (3,002,182) (1,371,400) (964,509) (985,255) (988,173)
Total Business-Type Activities (737,585) 2,508,943 416,610 179,828 (253,089)
Total Primary Government 61,668,332 63,350,928 60,979,341 56,129,871 53,997,922
Change in Net Position
Governmental Activities 5,572,637 19,127,459 11,005,999 (4,958,430) 1,548,804
Business-Type Activities 12,625,664 17,005,474 13,252,141 11,933,175 7,878,133
Total Primary Government Change in Net Position 18,198,301$ 36,132,933$ 24,258,140$ 6,974,745$ 9,426,937$
Changes in Net Position (continued)
Last Five Years
(accrual basis of accounting)
State and Federal Aids Not Restricted to Specific Functions
CITY OF OSHKOSH, WISCONSIN
190
2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
FUND BALANCES
RESERVED -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
UNRESERVED - - -- - - - - - -
NONSPENDABLE
Inventories and prepaid items 150,934 83,851 59,300 46,778 17,259 33,723 13,477 63,560 20,117 15,128
Receivables from other funds 703,921 - 1,704,665 8,022,157 13,302,738 480,191 6,082,872 9,023,957 7,822,388 -
RESTRICTED
Construction of assets 12,774,151 14,305,655 15,448,351 4,891,747 7,255,154 28,384,271 19,114,218 15,864,698 12,466,838 6,161,672
Debt service 2,189,515 1,092,465 923,371 2,251,808 2,361,472 3,437,177 6,628,347 3,843,324 3,827,124 802,645
Special purposes 2,794,012 5,915,198 4,873,307 6,169,377 5,676,076 3,763,430 3,121,059 2,954,583 3,619,623 2,225,449
Trust agreements 11,272,813 10,355,777 10,622,852 9,717,845 9,437,194 10,028,621 8,276,873 7,702,043 7,615,773 3,591,586
COMMITTED
Special purposes 4,541,964 5,000,463 1,171,091 1,786,878 1,948,928 870,296 327,044 199,313 453,083 1,440,897
ASSIGNED
Subsequent years 49,180 161,205 - 1,835 - 44,977 91,977 502,664 687,688 766,216
Special purposes 5,508,363 - - - - - - - - -
Construction of assets 24,477,440 22,279,952 20,927,327 15,083,683 13,759,242 8,436,116 10,610,710 9,450,113 6,368,873 4,378,911
UNASSIGNED
General fund 14,256,427 11,817,119 10,230,445 8,427,707 8,540,127 8,718,502 8,262,154 8,820,427 8,520,110 8,090,093
Special revenue funds (105,260) 1,181,668 (3,636,920)(74,716) (4,637,412) (3,986,743) (2,058,210) (632,057) (51,337) (32,444)
Capital project funds (9,812,845) (10,224,467) (10,060,081)(12,319,773) (4,706,405) (4,331,169) (5,018,748) (7,783,852) (6,976,868) (1,896,158)
Total Fund Balances 68,800,615$ 61,968,886$ 52,263,708$ 44,005,326$ 52,954,373$ 55,879,392$ 55,451,773$ 50,008,773$ 44,373,412$ 25,543,995$
CITY OF OSHKOSH, WISCONSIN
Fund Balances, Governmental Funds
Last Ten Years
December 31, 2019
191
2019 2018 2017 2016 2015
Revenues
Taxes 42,525,650$ 43,928,857$ 42,339,970$ 39,678,624$ 40,394,058$
Special assessments 3,790,351 3,408,853 2,819,275 1,745,129 4,090,632
Intergovernmental 19,564,647 22,494,060 19,375,160 19,018,924 18,478,299
Licenses and permits 1,020,303 1,010,623 974,230 854,691 1,817,320
Fines and forfeits 904,250 763,489 799,480 697,837 732,845
Public charges for services 5,709,092 4,526,077 3,809,875 4,194,606 4,879,735
Intergovernmental charges for services 4,592,204 3,883,174 4,463,334 4,432,013 3,427,847
Miscellaneous 5,038,886 5,052,408 8,555,585 3,895,923 2,449,829
Total Revenues 83,145,383 85,067,541 83,136,909 74,517,747 76,270,565
Expenditures
Current
General government 6,258,147 6,653,597 6,384,666 6,360,784 6,104,307
Public safety 27,093,658 26,608,996 26,171,424 25,930,335 25,556,548
Public works 9,653,026 10,331,819 9,186,637 8,893,465 9,068,401
Transportation 749,739 719,561 5,385,542 897,614 462,691
Health and Human Services 948,483 938,160 5,212,069 7,287,928 7,937,333
Culture and recreation 8,066,415 7,670,084 1,631,738 677,920 692,914
Conservation and development 6,407,743 5,525,721 1,317,316 7,187,823 8,011,745
Unclassified 871,824 1,079,471 1,251,952 636,998 836,971
Debt service
Principal 14,994,182 12,017,594 11,497,406 33,126,100 10,952,762
Interest and fiscal charges 3,650,687 3,724,439 3,675,373 4,236,487 3,739,870
Capital outlay 17,580,820 13,239,606 15,898,274 19,953,642 19,360,391
Total Expenditures 96,274,724 88,509,048 87,612,397 115,189,096 92,723,933
Excess of Revenues Over (Under)
Expenditures (13,129,341) (3,441,507) (4,475,488) (40,671,349) (16,453,368)
Other Financing Sources (Uses)
Long-term debt issued 16,000,000 11,440,000 10,965,000 29,715,239 19,390,000
Premium on debt issued 931,315 328,285 680,834 1,021,808 483,527
Proceeds from Sale of Capital Assets 27,573 7,000
Payment to refunding escrow agent - 123,527 - (7,333,351)
Transfers in 3,276,732 6,974,789 12,527,625 12,858,979 16,994,014
Transfers out (274,550) (5,603,389) (11,563,116) (11,873,724) (16,005,841)
Total Other Financing Sources (Uses) 19,961,070 13,146,685 12,733,870 31,722,302 13,528,349
Net Change in Fund Balance 6,831,729 9,705,178 8,258,382 (8,949,047) (2,925,019)
Fund Balances - January 1 61,968,886 52,263,708 44,005,326 52,954,373 55,879,392
Fund Balances - December 31 68,800,615$ 61,968,886$ 52,263,708$ 44,005,326$ 52,954,373$
CITY OF OSHKOSH, WISCONSIN
Changes in Fund Balances, Governmental Funds
Last Five Fiscal Years
192
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
2019 3,806,380,700$ 4,087,892,193$ 93,736,900$ 100,669,474$ 3,900,117,600$ 10.9027 4,188,561,667$ 92.60
2018 3,758,059,400 3,949,636,890 105,526,300 110,905,796 3,863,585,700 10.5820 4,060,542,686 94.90
2017 3,723,271,100 3,793,325,937 134,564,600 137,079,919 3,858,285,700 10.5580 3,930,405,856 98.13
2016 3,641,697,700 3,650,387,038 130,942,200 131,254,637 3,772,639,900 10.3440 3,781,641,675 99.76
2015 3,606,419,800 3,606,061,488 142,327,700 142,313,559 3,748,747,500 9.7870 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 9.5620 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 9.2810 3,760,872,300 100.00
2012 3,591,967,000 3,621,421,129 146,992,600 148,197,939 3,738,959,600 8.9370 3,769,619,068 99.18
2011 3,581,676,200 3,623,939,979 147,234,400 148,971,766 3,728,910,600 8.7960 3,772,911,745 98.82
2010 3,558,554,500 3,625,811,180 149,579,500 152,406,553 3,708,134,000 8.6080 3,778,217,733 98.11
CITY OF OSHKOSH, WISCONSIN
Assessed and Estimated Actual Value of Taxable Property
Last Ten Fiscal Years
December 31, 2019
Real Property Personal Property
193
Fiscal
Year Operations Debt Total Total
2019 7.672$ 3.230$ 10.902$ 40.0% 9.959$ 36.5% 1.105$ 4.1% 5.284$ 19.4% -$ 0.0% 27.251$
2018 7.462 3.120 10.582 40.0% 9.424 35.6% 1.114 4.2% 5.352 20.2% - 0.0% 26.472
2017 7.444 3.114 10.558 39.4% 9.774 36.5% 1.105 4.1% 5.369 20.0% - 0.0% 26.806
2016 7.360 2.984 10.344 38.1% 10.131 37.3% 1.116 4.1% 5.415 19.9% 0.170 0.6% 27.176
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
Fiscal
Year Operations Debt Total Total
2019 28,666,800$ 12,070,600$ 40,737,400$ 101,823,772
2018 27,784,400 11,617,200 39,401,600 98,564,296
2017 26,695,100 11,166,600 37,861,700 96,128,841
2016 25,826,000 10,471,700 36,297,700 95,407,876
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
-$
City of Oshkosh
State of Wisconsin
CITY OF OSHKOSH, WISCONSIN
Property Tax Rates - Direct and Overlapping Governments
Last Ten Fiscal Years
December 31, 2019
City of Oshkosh
Tax Levies
Oshkosh Area Public
Schools
Fox Valley Technical
College
County of
Winnebago State of Wisconsin
31,595,334
County of
Winnebago
33,555,438 3,910,234 19,019,113
35,051,183 3,962,683 19,253,275
Oshkosh Area Public
Schools
Fox Valley Technical
College
6,808,053
37,213,146$ 4,128,654$ 19,744,572$
-
35,089,846 4,146,909 19,925,941
33,943,225 3,890,900 19,340,255 636,199
635,319
35,551,348 3,915,834 19,002,146 640,848
-
20,169,459
19,642,097
19,882,754
6,208,876
6,212,920
6,786,290 30,451,103
19,215,346 637,971
638,536
640,825
641,392
29,585,411
30,116,037
194
Real Property Percentage of Total
Taxpayer Assessed Valuation (1)Assessed Valuation
Midwest Realty 57,168,300$ 1.50%
Dumke & Assoc 56,767,600 1.49
Oshkosh Corp 38,347,900 1.01
Tom Rusch etal 48,426,800 1.27
Bemis 31,901,200 0.84
Charles Perry 33,443,500 0.88
Bergstrom 32,176,400 0.85
BFO Factory Shoppes 32,575,600 0.86
Aurora Medical 29,855,500 0.78
Peter Frederiksen & Assoc 29,353,900 0.77
390,016,700$ 10.25%
Total Assessed Valuation 3,806,380,700$
Real Property Percentage of Total
Taxpayer Assessed Valuation (1)Assessed Valuation
Midwest Realty 72,592,600$ 1.91
Dumke & Associates 50,369,800 1.32
Tom Rusch etal 47,162,100 1.24
Curwood 31,574,900 0.83
BFO Factory Shoppes 32,090,900 0.84
Oshkosh Truck 28,852,500 0.76
Peter Jungbacker etal 28,240,000 0.74
Health Care Reit 28,256,700 0.74
Bergstrom 22,167,000 0.58
Westowne Shoppes 22,689,600 0.60
363,996,100$ 10.58%
Total Assessed Valuation 3,441,866,200$
(1) Assessed valuation based on the valuation of property for taxes collected in 2019 and 2009
respectively, and a review of the largest taxpayers for the City.
Source: City of Oshkosh Assessor's Office
CITY OF OSHKOSH, WISCONSIN
Principal Taxpayers
12/31/2009 and 12/31/2019
December 31, 2019
December 31, 2009
195
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 djustments
2019 2018 107,484,313$ 105,556,337$ 98.21% 1,900,789$ 107,457,126$ 99.97%
2018 2017 108,736,133 106,675,604 98.11% 2,009,132 108,684,736 99.95%
2017 2016 107,415,653 105,608,948 98.32% 1,772,098 107,381,046 99.97%
2016 2015 102,914,568 100,963,917 98.10% 1,872,639 102,836,556 99.92%
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%
Sources: Winnebago County Treasurer and City of Oshkosh Department of Finance.
(1) - Total Tax Levy represents the real estate tax levies for the City, overlapping districts, and personal property taxes.
Note: Real estate taxes may be paid in a single payment due January 31, or in four installments, January 31, March 31,
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
Last Ten Fiscal Years
196
Fiscal Year
General
Obli ation Debt
Compensated
Absences
OPEB
Obli ation
Unfunded
Pension
Liabilit WRS
General
Obli ation Debt Revenue Bonds
Compensated
Absences
Total Primary
Government
Debt
Percentage
of Personal
Income
Debt Per
Capita
2019 113,185,916$ 4,541,190$ -$ -$ 17,031,000$ 188,766,068$ 1,060,435$ $ 324,584,609 15.63% 4,830
2018 112,180,097 4,434,862 - - 20,608,509 178,267,779 833,790 316,325,037 15.29% 4,725
2017 115,311,124 4,305,769 5,605,749 - 24,042,224 182,802,130 761,542 332,828,538 16.05% 4,995
2016 115,349,675 4,352,539 5,375,052 - 25,586,223 167,032,169 808,318 318,503,976 21.50% 4,774
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
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, 2019
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 $10,233,802 which was split between governmental and business-type activities.
197
Fiscal Year Po ulation E ualized Value Debt Total
Ratio to Equalized
Value Per Ca ita
2019 67,201 4,211,595,500$ 130,216,916$ 3.09% 1,937.72$
2018 66,945 4,073,682,600 132,788,606 3.26% 1,983.55
2017 66,636 3,858,285,700 136,799,914 3.55% 2,052.94
2016 66,717 3,772,639,900 138,876,319 3.68% 2,081.57
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
Long-Term Debt
CITY OF OSHKOSH, WISCONSIN
Ratios of Net General Bonded Debt Outstanding
Last Ten Fiscal Years
December 31, 2019
Net General
198
Percent Amount
Direct Debt:
City purpose 130,216,915$
Less Sanitary Sewer purpose (5,470,000)
Less Storm Water purpose (4,535,000)
Less Water Utility purpose (3,815,000)
Less TIF purpose (18,411,098)
Net City Purpose 97,985,818$ 100.0000% 97,985,818$
Total Net Direct Debt 97,985,818
Overlapping Debt
Oshkosh Area Public School District 53,251,281 72.7000% 38,713,681
Fox Valley Technical College 78,080,000 10.0600% 7,854,848
Winnebago County 35,172,027 30.2600% 10,643,055
Total Overlapping Debt 57,211,584
155,197,402$
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, 2019
TOTAL DEBT
Applicable to City
Debt shown includes general obligation bonds and notes. Excluded from above are revenue
bonds of $178,267,779.
199
2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Equalized Value 4,211,595,500$ 4,073,682,600$ 3,931,778,200$ 3,776,225,300$ 3,743,645,000$ 3,748,827,600$ 3,759,269,500$ 3,762,601,100$ 3,776,085,900$ 3,779,437,800$
Debt limitation - 5% of equalized valu 210,579,775$ 203,684,130$ 196,588,910$ 188,811,265$ 187,182,250$ 187,441,380$ 187,963,475$ 188,130,055$ 188,804,295$ 188,971,890$
Debt applicable to limitation
Total outstanding general obligation
debt 130,216,915 132,788,606 136,799,914 138,876,319 145,410,531 147,228,958 141,394,927 137,859,252 133,631,861 131,952,877
Less: Debt service fund (2,189,515) (1,092,465) (923,371) (760,004) (976,051) (1,536,834) (1,766,431) (1,598,474) (878,039) (802,645)
retirement - - - - - - (1,631,854) - - -
Total debt applicable to limitatio 128,027,400 131,696,141 135,876,543 138,116,315 144,434,480 145,692,124 137,996,642 136,260,778 132,753,822 131,150,232
Legal Debt Margin 82,552,375$ 71,987,989$ 60,712,367$ 50,694,950$ 42,747,770$ 41,749,256$ 49,966,833$ 51,869,277$ 56,050,473$ 57,821,658$
Total net debt applicable to the limit
as a percentage of debt limi 60.80% 64.66% 69.12% 73.15% 77.16% 77.73% 73.42% 72.43% 70.31% 69.40%
CITY OF OSHKOSH, WISCONSI
Legal Debt Margin Information
Last Ten Fiscal Years
December 31, 2019
200
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
Available for
Debt Service Principal Interest
Revenue
Coverage
2019 $ 16,448,335 $ 5,946,820 10,501,515 5,229,516$ 749,342$ 1.756
2018 15,686,166 5,669,951 10,016,215 8,408,204 2,368,490 0.929
2017 15,067,303 5,255,171 9,812,132 5,003,204 1,539,625 1.500
2016 14,389,159 5,540,506 8,848,653 4,704,579 1,686,652 1.384
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
(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, 2019
Last Ten Fiscal Years
Pledged-Revenue Coverage
Water Revenue Bonds
201
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
Available for
Debt Service Principal Interest
Revenue
Coverage
2019 15,650,007 6,502,032 9,147,975 2,812,195 1,726,734 2.015
2018 14,886,186 6,022,572 8,863,614 3,326,149 2,046,348 1.650
2017 13,701,370 5,860,337 7,841,033 2,793,423 1,476,428 1.836
2016 12,692,924 5,815,792 6,877,132 2,278,072 1,244,346 1.952
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
(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, 2019
Last Ten Fiscal Years
Pledged-Revenue Coverage
Sewer Revenue Bonds
202
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
Available for
Debt Service Principal Interest
Revenue
Coverage
2019 11,264,326$ 2,425,564$ 8,838,762 3,540,000$ 2,624,038$ 1.434
2018 10,227,776 2,107,879 8,119,897 3,140,000 2,285,832 1.497
2017 9,366,215 2,051,219 7,314,996 2,770,000 1,953,735 1.549
2016 8,834,283 2,117,352 6,716,931 2,530,000 2,202,164 1.419
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
(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, 2019
Last Ten Fiscal Years
Pledged-Revenue Coverage
Storm Water Revenue Bonds
203
Total
Personal Per Capita Median School Unemployment
Year Population (1) Income (2) Income (3)e (3)Enrollment (4)Rate (5)
2019 67,201 2,076,309,297 $30,897 34 11,050 3.2%
2018 66,945 2,068,399,665 $30,897 33.6 11,158 2.7%
2017 66,636 2,073,912,228 $31,123 33.6 11,131 3.1%
2016 66,717 2,076,433,191 31,123 N/A 11,128 3.2%
2015 66,327 1,917,115,608 28,904 32.8 11,141 3.8%
2014 66,778 1,865,643,764 27,938 33.9 11,226 4.8%
2013 66,653 1,819,960,165 27,305 32.8 11,465 5.9%
2012 66,325 1,856,768,375 27,995 33.5 11,323 6.9%
2011 66,083 1,874,378,212 28,364 34.1 11,399 7.4%
2010 66,080 1,848,323,680 27,971 35.2 10,213 7.0%
Source:
(1) U.S. Census Bureau - WI Dept of Adminstration
(2) Computation of per capita personal income multiplied by population
(3) Oshkosh Chamber of Commerce Esri Forecasts 2012 and U.S. Census Bureau
(4) WI Department of Public Instruction http://dpi.wi.gov/lbstat/pubdata2.html
(5) Wisconsin Department of Workforce Development Website: worknet.wisconsin.gov
CITY OF OSHKOSH, WISCONSIN
Demographic and Economic Statistics
Last Ten Years
December 31, 2019
204
2009
Percentage of Oshkosh
Total City Financial
Employees Employment Report
Manufacturing
Oshkosh Corporation 3,100 8.98% 2,712
Bemis (all Oshkosh locations) 2,300 6.67% 1,880
Silver Star Brands Inc. / Miles Kimball Co. 650 1.88% 1,500
Hoffmaster, A Solo Cup Company, 440 1.28% 617
(Scott Worldwide Food Service)
Muza Metal Products 250 0.72%150
Lapham-Hickey Steel 256 0.74%200
Non-Manufacturing
U S Bank (Firstar) 1,144 3.32%750
Aurora Medical Center & Aurora Group 1,036 3.00% 1,079
4imprint (Nelson Marketing) 819 2.37% 338
Ascension Health 539 1.56% 803
Oshkosh Community YMCA 200 0.58% 350
Miravida Living 275 0.80% 342
Wal-Mart 318 0.92% 431
Clarity Care (Residential Care RCDD) 420 1.22% 500
United Parcel Service 200 0.58% -
Government
Oshkosh Area School District 1,290 3.74% 1,580
University of WI - Oshkosh 1,288 3.73% 1,632
Winnebago County 1,046 3.03% 1,047
Winnebago Mental Health Institute 625 1.81% 750
City of Oshkosh-, Full-Time 569 1.65% 650
Oshkosh Correctional Institution 502 1.45% 524
CESA6 200 0.58% 289
Oshkosh's Labor Force Estimates **34,507
**Source: WORKnet - Data Analyst - Labor Force - Period 09, 2019
Source: Oshkosh Chamber of Commerce and/or employers*
*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
2019
December 31, 2019
205
2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
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 4.00 4.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Human Resources 6.00 6.00 5.00 5.00 6.00 6.00 6.00 6.00 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 15.28 15.28 14.80 14.80 12.80 12.00 12.00 12.00 12.00 14.00
Purchasing 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Central Services - - - - - - - - 1.00 1.00
I T / Central Services 7.40 7.40 7.40 7.40 7.40 7.40 7.40 7.40 7.00 7.00
Facilities Maint. 5.80 5.80 5.80 5.80 5.80 5.00 5.00 5.00 5.00 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
Police 129.00 128.49 127.49 127.49 115.00 115.00 114.00 116.00 116.00 116.00
Fire 108.00 108.00 108.00 108.00 108.00 107.00 107.00 108.00 108.00 108.00
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 11.70 11.70 11.70 11.70 11.00 12.00 12.00 12.00 11.00
Streets 29.00 29.00 29.00 29.00 29.00 29.00 29.00 29.00 31.00 31.00
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
Parks
Parks 16.00 15.91 14.89 14.89 14.89 14.89 15.64 15.64 15.64 15.50
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 5.80 5.80 5.80 5.80 5.00 5.00 6.00 6.00 6.00
Economic Development 5.00 5.00 5.00 5.00 4.80 4.80 3.00 - - -
Planning 9.00 9.00 9.00 9.00 8.50 8.50 7.50 9.90 9.90 9.50
Inspection Services 7.62 7.62 7.50 7.50 7.50 7.50 7.50 10.50 10.50 10.50
Weights and Measures 1.50 1.50 1.50 1.50 - - - - - -
Healthy Neighborhood Initiative 0.88 0.88 0.88 0.88 - - - - - -
Transportation
Electric 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
Sign 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00
Administrative Services
Safety & Worker Compensation 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
Special Revenue Funds
Parks
Cemetery 3.64 3.64 3.64 3.64 3.00 3.00 3.00 3.00 3.70 4.00
Senior Services 7.18 7.18 7.18 7.18 5.00 5.00 5.00 5.00 5.00 5.00
Parks Revenue Facilities 0.49 0.49 0.36 0.36 0.36 0.36 0.36 0.36 0.36 0.50
Public Works
Garbage 7.50 7.50 7.50 7.50 8.00
Recycling 4.50 4.50 4.50 4.50 5.00 5.00 5.00 5.00 5.00 5.00
Other
Health Services - - - - - - - - 6.00 6.00
Health Srvcs/Nurses - - - - - - - - 3.00 3.00
Library 38.65 38.65 37.68 37.68 38.58 40.25 40.25 40.25 32.05 32.50
Museum 11.00 11.00 11.43 11.43 10.00 10.00 10.00 10.00 10.00 10.00
Enterprise Funds
Convention Center 1.00 1.00 1.00 1.00 - - - - - -
Golf Course - - 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00
Transit Utility 32.00 32.00 32.00 32.00 29.00 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 1.00 1.00 1.00
Water Utility 35.02 35.02 35.02 35.02 34.93 34.93 35.05 35.05 32.85 32.85
Sewer Utility 33.02 33.02 33.02 - 32.68 32.68 33.70 33.70 32.67 32.67
Storm Utility 10.86 10.86 10.85 10.85 10.50 10.50 10.50 10.50 8.00 8.00
Total Full-time Equivalent 581.84 581.24 577.94 544.92 555.24 551.81 550.90 558.55 556.67 558.02
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, 2019
206
2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Police
Stations 1 1 1 1 1 1 1 1 1 1
Community Policing Offices 1 mobile 1 mobile 1 mobile 1 mobile I mobile I mobile 0 0 0 0
Patrol Units 30 30 29 29 28 28 28 28 28 29
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) 266.14 265.33 260.87 260.05 259.35 258.45 263.05 261.72 261.08 262.22
Street Lights 1,496 1,425 1,405 1,390 1,350 1,350 1,310 * * *
City traffic signals (intersections) 68 68 68 68 67 62 * * * *
Parks and Recreation
Acreage 416 415 448 445 440 440 440 440 440 440
Playgrounds 19 19 19 19 19 17 17 17 17 17
Baseball/softball diamonds 19 19 19 19 19 18 18 18 18 18
Water
Watermains (miles) 300.00 299.04 297.41 313.00 296.09 295.66 294.09 294.73 294.49 294.02
Average Daily Pumpage, 5.960 5.980 5.95 5.790 6.170 6.849 6.160 6.422 6.508 6.388
(Million Gallons per day)
Wastewater
Sanitary sewers (miles) 266.51 266.03 266.08 266.50 266.21 266.35 267.04 268.50 269.71 269.71
Storm sewers (miles) 270.97 260.35 255.02 256.70 251.97 246.69 * * * *
Transit
Buses 16 16 16 16 16 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, 2019
207
2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Police
Physical arrests 3,518 3,675 1,652 2,646 3,854 4,606 5,162 5,727 7,603 6,217
Traffic Enforcement Citations 6,564 7,077 8,207 7,175 4,720 7,799 7,846 8,919 7,415 6,750
Reportable Accidents 1,316 1,370 1,453 1,464 1,434 1,243 1,403 1,453 1,381 1,360
Fire
Emergency responses 7,480 8,678 7,283 8,591 8,018 8,087 7,625 7,502 7,343 6,741
Fire responses 104 124 132 113 130 107 114 121 113 116
Other 1,287 1,167 1,475 1,117 844 901 879 783 766 840
Refuse Collection
Refuse collected (average tons per day) 53.74 52.83 52.94 51.85 50.42 49.86 49.30 49.23 49.61 49.11
Refuse collected total tons per year 13,971.79 13,735.54 13,765.69 13,481.38 13,158.55 13,062.67 12,866.88 12,947.22 13,095.82 13,209.26
Comingled recyclable containers (tons) - 4,421 4,353 4,262 4,317 4,526 4,434 4,371
Mixed paper (tons)
Mixed paper and comingled recyclables (tons) 4,177.21 4,257.00 4,327.65
Other Public Works
New street pavement (miles) 0.21 0.33 - 1.01 0.00 0.00 0.16 0.00 0.00 0.05
Street resurfacing (miles) 2.27 2.73 3.50 2.89 2.25 1.38 2.89 4.89 6.91 14.87
Inspection
Commercial construction - units 9 8 325 71 248 136 30 6 100 34
Commercial construction (thousands of dollars) 15,898,993 350,000 23,293,785 14,655,000 15,897,849 11,315,000 4,383,000 283,183 9,496,000 7,117,000
Residential construction - units 35 30 39 25 27 21 21 22 14 24
Residential construction (thousands of dollars) 8,136,285 7,634,719 7,845,550 4,060,521 4,498,868 3,411,675 3,998,218 3,323,089 1,339,096 2,706,490
Water
New construction (miles) 2.41 4.02 4.91 3.43 2.62 2.78 2.54 4.01 4.24 5.26
Water main leaks 78 110 87 68 77 124 73 77 76 71
Average number of residential customers 20,948 20,823 20,585 20,569 21,441 21,268 22,110 20,815 20,498 20,465
Average annual usage per residential customer, 35,000 34,810 35,047 35,774 34,982 35,651 37,198 40,123 39,785 39,935
(gallons)
Transit
Total route miles 546,190 544,929 538,967 483,085 483,492 481,997 486,540 473,615 468,124 462,430
Passengers (includes paratransit) 818,919 943,195 980,057 995,697 990,431 1,000,778 1,007,785 1,089,681 1,029,812 990,329
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, 2019
208
2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Police
Physical arrests 3,518 3,675 1,652 2,646 3,854 4,606 5,162 5,727 7,603 6,217
Traffic Enforcement Citations 6,564 7,077 8,207 7,175 4,720 7,799 7,846 8,919 7,415 6,750
Reportable Accidents 1,316 1,370 1,453 1,464 1,434 1,243 1,403 1,453 1,381 1,360
Fire
Emergency responses 7,480 8,678 7,283 8,591 8,018 8,087 7,625 7,502 7,343 6,741
Fire responses 104 124 132 113 130 107 114 121 113 116
Other 1,287 1,167 1,475 1,117 844 901 879 783 766 840
Refuse Collection
Refuse collected (average tons per day) 53.74 52.83 52.94 51.85 50.42 49.86 49.30 49.23 49.61 49.11
Refuse collected total tons per year 13,971.79 13,735.54 13,765.69 13,481.38 13,158.55 13,062.67 12,866.88 12,947.22 13,095.82 13,209.26
Comingled recyclable containers (tons) - 4,421 4,353 4,262 4,317 4,526 4,434 4,371
Mixed paper (tons)
Mixed paper and comingled recyclables (tons) 4,177.21 4,257.00 4,327.65
Other Public Works
New street pavement (miles) 0.21 0.33 - 1.01 0.00 0.00 0.16 0.00 0.00 0.05
Street resurfacing (miles) 2.27 2.73 3.50 2.89 2.25 1.38 2.89 4.89 6.91 14.87
Inspection
Commercial construction - units 9 8 325 71 248 136 30 6 100 34
Commercial construction (thousands of dollars)15,898,993 350,000 23,293,785 14,655,000 15,897,849 11,315,000 4,383,000 283,183 9,496,000 7,117,000
Residential construction - units 35 30 39 25 27 21 21 22 14 24
Residential construction (thousands of dollars) 8,136,285 7,634,719 7,845,550 4,060,521 4,498,868 3,411,675 3,998,218 3,323,089 1,339,096 2,706,490
Water
New construction (miles) 2.41 4.02 4.91 3.43 2.62 2.78 2.54 4.01 4.24 5.26
Water main leaks 78 110 87 68 77 124 73 77 76 71
Average number of residential customers 20,948 20,823 20,585 20,569 21,441 21,268 22,110 20,815 20,498 20,465
Average annual usage per residential customer, 35,000 34,810 35,047 35,774 34,982 35,651 37,198 40,123 39,785 39,935
(gallons)
Transit
Total route miles 546,190 544,929 538,967 483,085 483,492 481,997 486,540 473,615 468,124 462,430
Passengers (includes paratransit) 818,919 943,195 980,057 995,697 990,431 1,000,778 1,007,785 1,089,681 1,029,812 990,329
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, 2019
208
2009 Estimate
2010 Estimate
2011 Estimate
2012 Estimate
2013 Estimate
2014 Estimate
2015 Estimate 66,327
2016 Estimate 66,717
2017 Estimate 66,636
2018 Estimate 66,945
2019 Estimate 67,201
Year No. No.
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
2016 34 15,991,435 2,265 78,369,742
2017 46 19,201,000 2,544 106,623,646
2018 39 54,058,010 2,404 92,575,783
2019 35 8,136,285 2,292 69,950,560
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Water (3)23,512 23,547 23,823 24,225 24,352 24,352 23,538 23,573 23,832 23,832
Electric (4)43,382 43,729 43,861 44,343 44,369 42,612 38,893 39,862 39,902 39,984
Gas (4)32,667 32,867 32,987 33,019 33,028 32,226 30,077 30,229 30,312 30,394
(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
CITY OF OSHKOSH, WISCONSIN
December 31, 2019
66,325
66,083
66,080
64,350
POPULATION - CITY OF OSHKOSH
ECONOMICS
UTILITY CUSTOMERS AT YEAR END - CITY OF OSHKOSH
New Residential: Single,
Family, and Apartments Total of All Permits
21,705,692
26,119,317
82,002,706
Value
66,248,867 25,447,066
15,563,675
74,950,553
51,095,915
66,653
Value
77,672,133
66,778
9,823,490
BUILDING PERMITS
209
YEAR
TOTAL
UNITS
SINGLE
FAMILY
TWO
FAMILY
MULTIPLE
FAMILY
1999 423 157 20 246
2000 277 109 22 146
2001 450 121 10 319
2002 364 157 44 163
2003 529 153 36 340
2004 334 113 20 201
2005 138 63 32 43
2006 234 51 12 171
2007 238 58 2 178
2008 93 41 4 48
2009 46 14 4 28
2010 122 22 2 98
2011 141 12 2 127
2012 28 18 4 6
2013 53 23 - 30
2014 157 15 6 136
2015 275 17 10 248
2016 128 15 10 103
2017 364 31 8 325
2018 38 30 - 8
2019 35 32 - 3
4,394 1,190 248 2,956
CITY OF OSHKOSH, WISCONSIN
NEW DWELLING UNITS CONSTRUCTED
1999-2019
210
Rates:
Monthly Volume Charge
First 1,000 cubic feet (CU FT) $5.12 per 100 CU. FT.
Next 2,300 cubic feet 4.90 per 100 CU. FT.
Next 63,300 cubic feet 4.55 per 100 CU. FT.
Over 66,600 cubic feet 4.26 per 100 CU. FT.
100 CU. FT. = 748 Gallons
Minimum Monthly Charge
Meter Size Service
Public Fire
Protection
5/8" & 3/4" 8.60$ 3.38$
1" 13.40 8.50
1-1/4" 18.00 13.00
1-1/2" 23.00 17.00
2" 35.00 27.00
3" 54.00 51.00
4" 79.00 84.00
6" 137.00 169.00
8" 207.00 270.00
10" 294.00 405.00
12" 381.00 541.00
Billings Usage (00's)
Oshkosh Correctional Institute $ 229,130.64 49,449
Bemis/Curwood/Milprint 147,408.80 32,360
W M H I 120,656.54 26,919
UW Oshkosh 133,549.15 25,861
Pepsi-Cola Bottling Co. 95,949.58 21,967
Hydrite Chemical 84,046.12 18,927
Oshkosh Corp 80,246.77 16,706
State of WI - Drug Abuse Correctional Center 65,944.56 14,792
Winnebago County 58,592.61 11,050
Midwest Realty Management 59,449.49 10,404
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION
December 31, 2019
WATER UTILITY
Top Ten Users / Customers
211
Rates:
Monthly Volume Charge
Charge per 100 cubic Feet $5.22 100 CU. FT. = 748 Gallons
Unmetered Customers:
Fixed Quarterly Charge
(based on 16 CCF/quarter) $104.26
Special Charges:
Meter Reading & Billing Charge
for non-sewer deduct meters,
per billing period. $5.00
Fixed Monthly Charge
Meter Size Charge Meter Size Charge
5/8" & 3/4" $9.66 4" $114.12
1" 16.19 6" 222.92
1-1/4" 21.63 8" 353.48
1-1/2" 27.07 10" 549.33
2" 40.13 12" 766.94
3" 70.59
Billings Usage (00's)
Oshkosh Correctional Institute $ 575,336.67 109,441
UW Oshkosh 333,084.37 57,459
Bemis/Curwood/Milprint 296,885.25 56,032
WMHI 299,742.25 55,602
Oshkosh Corporation 192,425.55 34,935
Drug Abuse Correctional Center 172,776.89 32,738
Charles & Marilyn Perry 147,913.99 27,251
Oshkosh Area School District 150,453.30 25,096
Midwest Realty Management 144,156.88 24,113
City of Oshkosh 135,322.58 22,072
SEWER UTILITY
Top Ten Users / Customers
CITY OF OSHKOSH, WISCONSIN
December 31, 2019
212
Rates:
Monthly Equivalent Runoff Unit (ERU)
Charge per ERU $15.34
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 S uare feet of im ervious area/2,817
No charge for undeveloped properties
Billings ERU'S
Winnebago County $ 589,754.93 3,067.482
Oshkosh Corporation 414,375.63 2,232.870
City of Oshkosh 308,234.76 1,652.743
State of Wisconsin 257,278.16 1,455.598
Oshkosh Area School District 253,512.33 1,246.300
UW Oshkosh 209,618.58 1,204.649
Bemis / Curwood / Milprint 191,256.03 1,045.945
Experimental Aircraft Association 150,929.12 725.231
Bergstrom 106,920.60 575.684
BFO Factory Outlets 66,154.14 408.475
Top Ten Users / Customers
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION (Continued)
December 31, 2019
STORM WATER UTILITY
213
2017 Actuals 2018 Actuals 2019 Original 2019 Projected 2020 Adopted
Change from
2019 to 2020
% of
Change
41 - PROPERTY TAX REVENUES -18,921,796.06 -19,751,468.91 -20,603,600.00 -20,634,500.00 -21,350,900.00 747,300.00 3.63%
01000072 - TAXES & INTEREST -18,921,796.06 -19,751,468.91 -20,603,600.00 -20,634,500.00 -21,350,900.00 747,300.00 3.63%
42 - INTERGOVERNMENTAL REVENUES -16,010,265.44 -16,471,481.10 -16,358,000.00 -16,517,500.00 -16,826,100.00 468,100.00 2.86%
01000073 - OTHER REVENUE -15,598,062.74 -16,042,606.07 -15,967,800.00 -16,094,000.00 -16,351,800.00 384,000.00 2.40%
01000211 - POLICE -208,861.88 -222,964.27 -188,100.00 -221,400.00 -202,800.00 14,700.00 7.81%
01000230 - FIRE DEPARTMENT -167,385.82 -164,857.76 -160,600.00 -160,600.00 -160,600.00 0.00 0.00%
01000240 - AMBULANCE -35,955.00 -36,465.00 -36,500.00 -36,500.00 -36,500.00 0.00 0.00%
01000610 - PARKS DIVISION 0.00 -2,978.00 0.00 0.00 0.00 0.00 0.00%
01000620 - FORESTRY DIVISION 0.00 -1,610.00 -5,000.00 -5,000.00 0.00 -5,000.00 -100.00%
01001010 - CABLE TV 0.00 0.00 0.00 0.00 -74,400.00 74,400.00 100.00%
43 - LICENSES AND PERMITS -1,100,475.44 -1,112,974.97 -1,062,200.00 -1,054,400.00 -1,057,000.00 -5,200.00 -0.49%
01000050 - CITY CLERK -139,289.75 -139,075.16 -139,800.00 -132,000.00 -137,000.00 -2,800.00 -2.00%
01000080 - ASSESSOR DIVISION -155,867.82 -128,232.68 -112,400.00 -112,400.00 -110,000.00 -2,400.00 -2.14%
01000740 - PLANNING DIVISION -120,465.57 -116,917.42 -110,000.00 -110,000.00 -110,000.00 0.00 0.00%
01001010 - CABLE TV -684,852.30 -728,749.71 -700,000.00 -700,000.00 -700,000.00 0.00 0.00%
44 - FINES & FORFIETURES -781,434.00 -761,046.59 -707,500.00 -969,900.00 -799,900.00 92,400.00 13.06%
01000211 - POLICE -781,434.00 -761,046.59 -707,500.00 -969,900.00 -799,900.00 92,400.00 13.06%
45 - CHARGES FOR SERVICES -4,565,298.82 -4,335,531.59 -4,315,000.00 -4,341,120.00 -4,384,650.00 69,650.00 1.61%
01000050 - CITY CLERK -5,945.00 -5,895.00 -5,800.00 -5,500.00 -5,500.00 -300.00 -5.17%
01000073 - OTHER REVENUE -31,130.00 -29,215.00 -28,600.00 -28,600.00 -28,600.00 0.00 0.00%
01000150 - OSHKOSH MEDIA -4,166.57 -2,664.62 -3,600.00 -1,020.00 -150.00 -3,450.00 -95.83%
01000211 - POLICE -196,332.70 -213,872.71 -184,400.00 -192,600.00 -201,000.00 16,600.00 9.00%
01000230 - FIRE DEPARTMENT -180,576.06 -204,565.28 -177,100.00 -177,100.00 -177,100.00 0.00 0.00%
01000240 - AMBULANCE -2,146,887.92 -2,061,528.58 -2,115,000.00 -2,115,000.00 -2,115,000.00 0.00 0.00%
01000420 - ENGINEERING DIVISION -1,878,993.44 -1,662,916.40 -1,665,000.00 -1,665,000.00 -1,705,000.00 40,000.00 2.40%
01000430 - STREET DIVISION -12,731.49 -15,449.87 -9,900.00 -18,700.00 -18,100.00 8,200.00 82.83%
01000450 - CENTRAL GARAGE DIVISION -45,867.91 -54,818.22 -46,200.00 -63,700.00 -64,400.00 18,200.00 39.39%
01000610 - PARKS DIVISION -30,355.86 -33,768.55 -43,400.00 -37,900.00 -33,800.00 -9,600.00 -22.12%
01000801 - ELECTRICAL DIVISION -30,514.48 -49,150.03 -33,800.00 -33,800.00 -33,800.00 0.00 0.00%
01000810 - SIGN DIVISION -1,797.39 -1,687.33 -2,200.00 -2,200.00 -2,200.00 0.00 0.00%
48 - INTERNAL SERVICE CHARGE -2,589,769.22 -2,636,606.74 -2,592,000.00 -2,632,200.00 -2,482,500.00 -109,500.00 -4.22%
01000073 - OTHER REVENUE -508,334.73 -514,314.10 -526,200.00 -526,200.00 -300,000.00 -226,200.00 -42.99%
01000110 - INFORMATION TECHNOLOGY -168,500.00 -130,500.00 -130,500.00 -130,500.00 -130,500.00 0.00 0.00%
01000410 - PW ADMINISTRATION -139,644.10 -142,020.59 -144,400.00 -177,800.00 -183,800.00 39,400.00 27.29%
01000430 - STREET DIVISION -443,218.58 -438,750.49 -412,900.00 -433,100.00 -438,200.00 25,300.00 6.13%
01000450 - CENTRAL GARAGE DIVISION -372,612.35 -423,659.61 -411,000.00 -397,600.00 -437,400.00 26,400.00 6.42%
01000480 - SANITATION-RECYCLING -285,132.89 -266,604.67 -232,600.00 -232,600.00 -232,600.00 0.00 0.00%
01000730 - ECONOMIC DEVELOPMENT 0.00 -411,320.35 -475,100.00 -412,000.00 -420,700.00 -54,400.00 -11.45%
01000740 - PLANNING DIVISION -672,326.57 -309,436.93 -259,300.00 -322,400.00 -339,300.00 80,000.00 30.85%
49 - MISC REVENUES -778,586.99 -1,049,745.22 -938,400.00 -951,300.00 -929,000.00 -9,400.00 -1.00%
01000050 - CITY CLERK -29,292.50 -25,740.00 -29,300.00 -25,500.00 -27,000.00 -2,300.00 -7.85%
01000060 - ELECTIONS -3,430.96 0.00 0.00 0.00 0.00 0.00 0.00%
01000072 - TAXES & INTEREST -456,553.43 -466,597.38 -450,000.00 -450,000.00 -450,000.00 0.00 0.00%
01000073 - OTHER REVENUE -259,764.42 -514,885.48 -435,000.00 -435,000.00 -435,000.00 0.00 0.00%
01000211 - POLICE -300.37 -19,444.66 -17,100.00 -12,500.00 0.00 -17,100.00 -100.00%
01000218 - CROSSING GUARDS -330.53 -406.66 0.00 0.00 0.00 0.00 0.00%
01000230 - FIRE DEPARTMENT 0.00 -4,599.60 0.00 0.00 0.00 0.00 0.00%
01000430 - STREET DIVISION 0.00 -1,116.55 0.00 0.00 0.00 0.00 0.00%
01000610 - PARKS DIVISION -19,721.58 -10,005.22 0.00 -21,800.00 -10,500.00 10,500.00 100.00%
01000620 - FORESTRY DIVISION -8,625.00 -6,583.31 -7,000.00 -6,500.00 -6,500.00 -500.00 -7.14%
01000810 - SIGN DIVISION -568.20 -366.36 0.00 0.00 0.00 0.00 0.00%
53 - SALE OF CAPITAL ASSET -19,478.12 -9,840.67 -6,500.00 -15,000.00 -6,500.00 0.00 0.00%
01000073 - OTHER REVENUE -19,478.12 -9,840.67 -6,500.00 -15,000.00 -6,500.00 0.00 0.00%
Grand Total -44,767,104.09 -46,128,695.79 -46,583,200.00 -47,115,920.00 -47,836,550.00 1,253,350.00 2.69%
2020 General Fund Revenues
214
2016 2017 2018 2018 2019
ACTUAL ACTUAL BUDGETED ESTIMATED ADOPTED
REVENUES REVENUES REVENUES REVENUES BUDGET
TAXES LEVIED BY CIT
Total Taxes Levied 34,281,525 36,288,390 37,861,700 37,861,700 39,401,600
Propert Taxes Levied Other Funds see details below 18,185,700 18,776,200 19,485,800 19,485,800 20,185,200
Net General Fund Propert Tax 0072-4102 16,095,825 17,512,190 18,375,900 18,375,900 19,216,400
Municipal Owned Utilit 0072-4112 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Snow Removal 0072-4172 50,579 26,100 49,000 25,400 25,800
Weed Cuttin 0072-4171 24,258 28,117 33,800 15,400 15,400
Mobile Home Tax 0072-4108 137,836 150,327 150,500 152,800 157,800
Pa ment in Lieu of Taxes 0072-4118 133,104 124,539 101,600 114,400 114,000
TOTAL TAXES LEVIED 17,441,602 18,841,272 19,710,800 19,683,900 20,529,400
LICENSES & PERMITS
Liquor License 0050-4322 133,039 132,590 133,200 131,800 132,800
Ci arette License 0050-4358 6,560 6,700 6,700 7,000 7,000
ssessor Fees 0080-4390 131,644 155,868 100,000 112,800 112,400
Sundr License 0050-4972 29,551 29,293 27,000 29,600 29,300
Wei hts & Measures 0750-4381 200 0 0 0 0
Zonin Ordinances 0740 - 4334,4335 118,777 120,466 110,000 110,000 110,000
TOTAL LICENSES & PERMITS 419,372 444,916 376,900 391,200 391,500
FINES & COSTS
Count Court 0211-4406 266,531 283,341 281,800 341,100 285,000
Police Department - Tickets 0211-4402 419,567 498,093 437,300 327,800 422,500
Penalties 0072-4120 97,554 80,524 84,700 68,000 74,200
TOTAL FINES & COSTS 783,652 861,958 803,800 736,900 781,700
STATE & COUNTY AIDS
Town Ambulance Aid 0240-4251 35,190 35,955 36,000 36,500 36,500
id to Local Streets 0073-4228 3,192,255 3,185,130 3,309,100 3,326,800 3,174,000
Municipal Services 0073-4232 & 4236 964,397 989,790 1,074,700 1,125,700 1,047,500
State Shared Aids 0073-4210 9,682,879 9,680,007 9,678,400 9,678,400 9,687,800
State/Fed Aids-Misc. 0211/0610/0620/0730/0810-4236, 42 8,401 0 0 16,100 5,000
State Aids - Fire 0230-4236 156,864 167,386 167,400 164,900 160,600
ids-Police 0211-4206 & 4226 & 4253 212,198 208,862 180,700 189,000 188,100
State Computer Credit 0073-4237 323,614 498,647 505,900 506,000 506,000
Expenditure Restraint 0073-4238 1,176,792 1,244,490 1,345,900 1,345,900 1,368,800
Personal Propert Aid 0073-4239 0 0 0 0 183,700
TOTAL STATE & CO. AIDS 15,752,591 16,010,266 16,298,100 16,389,300 16,358,000
USE OF MONEY & PROPERT
Interest on Investments 0073-4908 96,163 120,243 86,700 299,200 300,000
Capital Gain on Investments 0073-4916 0 1,022 0 10,500 0
Interest on Special Assessments 0072-4910 480,057 456,553 458,000 406,700 450,000
Rent 0073-4922 - 4926 55 5 100 0 0
TOTAL USE OF MONEY & PROP. 576,275 577,823 544,800 695,400 750,000
REVENUE
215
2016 2017 2018 2018 2019
ACTUAL ACTUAL BUDGETED ESTIMATED ADOPTED
REVENUES REVENUES REVENUES REVENUES BUDGET
REVENUE
CHARGES FOR CURRENT SERVICES
Police Department Fees 0211- 4532,4972 220,722 196,333 188,200 24,000 25,100
Police Department Special Event 0211 - 4521 0 0 0 85,500 88,000
Police Department Event 0211 - 4522 0 0 0 94,600 96,500
Police Unreimbursed Equipment Char es 0211 - 4983 0 0 0 8,100 8,100
Fire Department Fees 0230-4534, 4952 196,608 180,576 176,300 33,500 40,000
Fire Department Special Event Fees 0230-4523 0 0 0 108,000 108,000
Fire Department Event Fees 0230-4524 0 0 0 49,600 49,600
Fire Dept Unreimbursed Equipment Char es 0230-4983 0 0 0 20,500 20,500
mbulance Fees 0240-4538 2,157,585 2,146,888 2,039,100 1,900,000 2,115,000
En ineerin Fees 0420-4520 318 5,429 0 7,400 5,000
Street Services 0420 & 0430-4557 11,194 12,731 9,800 1,000 1,000
Street Services Special Event Fees 0430 - 4525 0 0 0 8,700 9,000
Street Services Event Fees 0430 - 4526 0 0 0 800 1,000
Street Unreimbursed Equipment Char es 0430-4983 0 0 0 1,100 1,100
Central Gara e/Fuel external sales 0450-4551 41,855 45,868 46,700 50,000 46,200
Electrical Department 0801-4520 69,009 30,514 33,800 33,800 33,800
Si n Department 0810-4520-4972 5,251 2,366 2,000 400 500
Si n Special Event Revenue 0810 - 4529 0 0 0 1,600 1,400
Si n Event Revenue 0810 - 4531 0 0 0 900 900
Si n Unreimbursed Equipment Char es 0810 - 4983 0 0 0 600 600
Parks Revenues 0610 / 0620-4572 - 4972 51,731 58,702 49,000 42,100 48,100
Parks Special Events Revenues 0610 - 4527 0 0 0 2,700 2,800
Parks Events Revenues 0610 - 4528 0 0 0 0 0
Parks Unreimbursed Equipment Char es 0610 - 4983 0 0 0 500 500
Cit Clerk Fees 0050-4520 5,685 5,945 5,800 5,700 5,800
Communit Development/Plannin /CDBG&TIF 0740-4811 659,530 672,327 255,400 255,400 259,300
Communit Dev/Econ Dev /CDBG 0730-4811 0 0 472,500 472,500 475,100
Communit Dev-Plan Review Fees-Econ Dev-0740-4966 25,000 0 0 0 0
Cable Access Fees 0150-4520 3,800 4,167 3,000 2,700 3,600
CATV Revenue 1010-4312 566,449 684,852 693,000 718,000 700,000
Propert Search 0073-4519 28,370 31,130 24,400 28,600 28,600
TOTAL CHGS. FOR CUR. SERV. 4,043,104 4,077,829 3,999,000 3,896,700 4,113,500
INTERDEPARTMENTAL REVENUES
Materials & Labor-Utilities 0430-4812 276,820 256,461 230,000 223,300 223,300
Supervisor/Admin Labor-Utilities 0410,430-4814 299,885 326,401 381,900 321,200 334,000
Central Gara e 0450-4815 384,694 372,612 350,800 351,000 411,000
ccountin Services-Utilities 0073-4806 492,731 508,335 449,400 495,800 526,200
Equipment/Labor Rental - Rec clin 0480-4834 342,364 285,133 340,100 232,600 232,600
Computer Services - Utilities 0110-4822 168,500 168,500 130,500 130,500 130,500
En ineerin Fees-Const. 0420-4555 1,807,490 1,873,565 1,500,000 1,800,000 1,660,000
TOTAL INTER. DEP. REV. 3,772,485 3,791,007 3,382,700 3,554,400 3,517,600
UNCLASSIFIED
Sundr Revenue 0072 etc. - 4952-4971 0 3,431 0 0 0
Sundr Revenue 0073 etc. - 4952-4972 116,938 138,495 100,000 154,900 135,000
Sundr Revenue 0211-4972 0 300 0 0 0
Sundr Revenue 0218-4972 0 331 0 0 0
Sale of Capital Assets 11,175 19,478 6,500 9,800 6,500
Fund Balance Application 0 0 0 0 67,500
TOTAL UNCLASSIFIED 128,113 162,035 106,500 164,700 209,000
TOTAL GENERAL FUND REVENUES 42,917,195 44,767,106 45,222,600 45,512,500 46,650,700
216
2016 2017 2018 2018 2019
ACTUAL ACTUAL BUDGETED ESTIMATED ADOPTED
REVENUES REVENUES REVENUES REVENUES BUDGET
REVENUE
Lev for Rental Inspections *0 0 0 0 25,000
Lev for Garba e Collect & Disposal * 1,203,700 1,329,100 1,324,700 1,324,700 1,331,200
Lev for Street Li htin * 1,110,900 1,010,900 1,052,000 1,052,000 1,052,000
Lev for Senior Services * 276,400 299,400 312,100 312,100 320,400
Lev for "GO" Transit Utilit * 746,200 739,500 739,500 739,500 781,600
Lev for Librar * 2,657,100 2,624,000 2,627,000 2,627,000 2,696,100
Lev for Museum * 911,700 892,100 907,500 907,500 977,700
Lev for Grand Opera House * 22,700 22,700 600 600 2,000
Lev for Cemeter * 296,400 290,400 302,700 302,700 304,000
Lev for Equipment Fund * 915,900 1,000,000 956,900 956,900 1,000,000
Lev Leach Amphitheater * 14,000 14,000 14,000 14,000 14,000
Lev Pollock Communit Water Park * 64,000 64,000 64,000 64,000 64,000
Lev for Debt Services 9,949,000 10,471,700 11,166,600 11,166,600 11,617,200
Lev for A enc Funds 17,700 18,400 18,200 18,200 0
TOTAL PROPERTY TAXES LEVIED TO OTHER FUNDS 18,185,700 18,776,200 19,485,800 19,485,800 20,185,200
Build America Bond Credits Debt Services 336,190 205,845 202,100 188,800 166,000
Bond Abatements from Debt Service Fund 10,338,331 8,214,802 8,479,800 8,405,800 8,625,500
ppropriation. from Debt Svc. Fund 350,000 250,000 0 0 0
OTHER FUND REVENUES 29,210,221 27,446,847 28,167,700 28,080,400 28,976,700
TOTAL REVENUES 72,127,415 72,213,953 73,390,300 73,592,900 75,627,400
217
Function 2020
Adopted Budget
01 - GENERAL GOVERNMENT $6,411,698.00
61 - DIRECT LABOR $3,227,700.00
63 - PAYROLL BENEFITS $1,076,600.00
64 - CONTRACTUAL SERVICES $1,831,150.00
65 - MATERIAL & SUPPLIES $230,548.00
67 - DEBT SERVICE $0.00
72 - CAPITAL OUTLAY $45,700.00
74 - OTHER FINANCING USES $0.00
02 - PUBLIC SAFETY $28,500,648.00
61 - DIRECT LABOR $19,382,400.00
63 - PAYROLL BENEFITS $6,792,100.00
64 - CONTRACTUAL SERVICES $1,627,648.00
65 - MATERIAL & SUPPLIES $482,000.00
67 - DEBT SERVICE $0.00
72 - CAPITAL OUTLAY $216,500.00
03 - PUBLIC WORKS $6,679,330.00
61 - DIRECT LABOR $3,457,400.00
63 - PAYROLL BENEFITS $1,276,800.00
64 - CONTRACTUAL SERVICES $354,630.00
65 - MATERIAL & SUPPLIES $1,581,500.00
67 - DEBT SERVICE $0.00
72 - CAPITAL OUTLAY $9,000.00
04 - TRANSPORTATION $805,200.00
61 - DIRECT LABOR $439,700.00
63 - PAYROLL BENEFITS $173,300.00
64 - CONTRACTUAL SERVICES $71,200.00
65 - MATERIAL & SUPPLIES $111,000.00
67 - DEBT SERVICE $0.00
72 - CAPITAL OUTLAY $10,000.00
06 - CULTURE & RECREATION $2,254,800.00
61 - DIRECT LABOR $1,272,900.00
63 - PAYROLL BENEFITS $420,600.00
64 - CONTRACTUAL SERVICES $326,000.00
65 - MATERIAL & SUPPLIES $235,300.00
67 - DEBT SERVICE $0.00
72 - CAPITAL OUTLAY $0.00
07 - CONSERVATION & DEVELOPMENT $1,983,403.15
61 - DIRECT LABOR $1,279,000.00
63 - PAYROLL BENEFITS $427,700.00
64 - CONTRACTUAL SERVICES $263,103.15
65 - MATERIAL & SUPPLIES $13,600.00
72 - CAPITAL OUTLAY $0.00
08 - UNCLASSIFIED $1,681,650.76
61 - DIRECT LABOR $539,000.00
63 - PAYROLL BENEFITS $35,000.00
64 - CONTRACTUAL SERVICES $844,850.76
65 - MATERIAL & SUPPLIES $207,000.00
67 - DEBT SERVICE $5,800.00
72 - CAPITAL OUTLAY $0.00
74 - OTHER FINANCING USES $50,000.00
40 - DEBT SERVICE $21,182,900.00
64 - CONTRACTUAL SERVICES $0.00
67 - DEBT SERVICE $21,182,900.00
71 - CONTRIBUTIONS & OTHE $0.00
74 - OTHER FINANCING USES $0.00
Grand Total $69,499,629.91
2020 Operating Budget by Function
218
CITY OF OSHKOSH
PER $1,000 2019 2018 INCREASE
OF TAXES TAX RATE TAX RATE (DECREASE)
State 0.000 % $ 0.000 $ 0.000 $ 0.000
County 19.392% 5.284 5.352 (0.068)
Area Schools 36.548% 9.959 9.424 0.535
Area Vocational 4.052% 1.104 1.114 (0.010)
City Tax 40.009% 10.902 10.582 0.320
1.000 $ 27.249 $ 26.472 $ 0.777
State Credit 1.718 1.725 (0.007)
$ 25.531 $ 24.747 $ 0.784
2020 LEVY - 2019 TAX RATE
County
19.392%
Area Schools
36.548%Area
Vocational
4.052%
City Tax
40.009%
219
CITY OF OSHKOSH
2020 2019 INCREASE
SOURCE OF FUNDS AMOUNT PERCENT PERCENT (DECREASE)
41 - PROPERTY TAX REVENUE 45,326,900 45.34% 45.00% 0.34%
42 - INTERGOV REVENUE 25,734,577 25.74% 25.00% 0.74%
43 - LICENSES AND PERMITS 1,956,300 1.96% 2.00% -0.04%
44 - FINES & FORFEITURES 811,000 0.81% 1.00% -0.19%
45 - CHARGES FOR SERVICES 4,155,250 4.16% 4.00% 0.16%
46 - PUBLIC LIBRARY 896,700 0.90% 1.00% -0.10%
48 - INTERNAL SERV CHRG 4,253,000 4.25% 5.00% -0.75%
49 - MISC REVENUES 6,452,800 6.45% 6.00% 0.45%
52 - OTHER FINANCING 9,787,400 9.79% 11.00% -1.21%
53 - SALE-CAPITAL ASSETS 602,000 0.60% 0.00% 0.60%
99,975,927 100.00% 100.00%
SOURCE OF FUNDS - REVEUNES
Property Tax Levy
52.10%
42 ‐INTERGOV
REVENUE
25.74%
43 ‐LICENSES AND
PERMITS
1.96%
44 ‐FINES &
FORFEITURES
0.81%
45 ‐CHARGES
FOR SERVICES
4.16%
46 ‐PUBLIC LIBRARY
0.90%
48 ‐INTERNAL SERV
CHRG
4.25%
49 ‐MISC REVENUES
6.45%
52 ‐OTHER FINANCING
9.79%
53 ‐SALE‐CAPITAL
ASSETS
0.60%
220
CITY OF OSHKOSH
2020 2019 INCREASE
USE OF FUNDS AMOUNT PERCENT PERCENT (DECREASE)
01 - GENERAL GOVERNMENT 6,411,698 9.23% 9.46% -0.23%
02 - PUBLIC SAFETY 28,500,648 41.01% 40.88% 0.13%
03 - PUBLIC WORKS 6,679,330 9.61% 9.86% -0.25%
04 - TRANSPORTATION 805,200 1.16% 1.13% 0.03%
06 - CULTURE & RECREATION 2,254,800 3.24% 3.26% -0.02%
07 - CONSERVATION & DEVELOPMENT 1,983,403 2.85% 2.92% -0.07%
08 - UNCLASSIFIED 1,681,651 2.42% 2.08% 0.34%
40 - DEBT SERVICE 21,182,900 30.48% 30.41% 0.07%
69,499,630 100.00% 100.00%
USE OF FUNDS
01 - GENERAL
GOVERNMENT
9.23%
02 - PUBLIC SAFETY
41.01%
03 - PUBLIC WORKS
9.61%
04 - TRANSPORTATION
1.16%
06 - CULTURE &
RECREATION
3.24%
07 - CONSERVATION &
DEVELOPMENT
2.85%
08 - UNCLASSIFIED
2.42%
40 - DEBT SERVICE
30.48%
221
CITY OF OSHKOSH
AMOUNT PER CENT
61 - DIRECT LABOR 29,598,100 42.5874%
63 - PAYROLL BENEFITS 10,202,100 14.6794%
64 - CONTRACTUAL SERVICES 5,318,582 7.6527%
65 - MATERIAL & SUPPLIES 2,860,948 4.1165%
67 - DEBT SERVICE 21,188,700 30.4875%
72 - CAPITAL OUTLAY 281,200 0.4046%
74 - OTHER FINANCING USES 50,000 0.0719%
69,499,630 100%
2020 BUDGET - USE OF FUNDS BY FUNCTION
61 - DIRECT
LABOR
42.59%
63 - PAYROLL
BENEFITS
14.68%
64 -
CONTRACTUAL
SERVICES
7.65%
65 - MATERIAL
& SUPPLIES
4.12%
67 - DEBT
SERVICE
30.49%
72 - CAPITAL
OUTLAY
0.40%
74 - OTHER
FINANCING
USES
0.07%
222
CliftonLarsonAllen LLP
CLAconnect.com
223
Independent auditors’ report on internal control over financial reporting and on
compliance and other matters based on an audit of financial statements
performed in accordance with Government Auditing Standards
To the Common Council
Oshkosh, Wisconsin
We have audited, in accordance with the 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, the 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, 2019, and the related notes to the financial
statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated
July 31, 2020.
INTERNAL CONTROL OVER FINANCIAL REPORTING
In planning and performing our audit of the financial statements, we considered the City’s internal control over financial
reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose
of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the
effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s
internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent, or detect and correct,
misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal
control such that there is a reasonable possibility that a material misstatement of the City’s financial statements will not
be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of
deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by
those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was
not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies
and therefore, material weaknesses or significant deficiencies may exist that were not identified. Given these limitations,
during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses.
COMPLIANCE AND OTHER MATTERS
As part of obtaining reasonable assurance about whether the City’s financial statements are free from material
misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant
agreements, noncompliance with which could have a direct and material effect on the determination of financial
statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our
audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of
noncompliance or other matters that are required to be reported under Government Auditing Standards.
224
PURPOSE OF THIS REPORT
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the
results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on compliance.
This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering
the City’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
CliftonLarsonAllen LLP
Wausau, Wisconsin
July 31, 2020