HomeMy WebLinkAbout2020CAFRCity of
Oshkosh
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
Including Auditor’s Report
For the fiscal year ending
December 31, 2020
City of Oshkosh, Wisconsin
DECEMBER 31, 2020
Table of Contents
INTRODUCTORY SECTION
Letter of Transmittal 1
Organizational Chart 11
The City 12
FINANCIAL SECTION
INDEPENDENT AUDITORS’ REPORT 13
MANAGEMENT’S DISCUSSION AND ANALYSIS 15
BASIC FINANCIAL STATEMENTS
Government-wide Financial Statements
Statement of Net Position 23
Statement of Activities 24
Fund Financial Statements
Balance Sheet - Governmental Funds 26
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 30
Statement of Net Position - Proprietary Funds 31
Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds 33
Statement of Cash Flows - Proprietary Funds 34
Statement of Fiduciary Net Position - Fiduciary Funds 36
Statement of Changes in Net Position - Fiduciary Funds 37
Notes to Basic Financial Statements 38
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Changes in Total OPEB Liability and Related Ratios 76
Schedule of Proportionate Share of Net Pension Liability (Asset) - Wisconsin Retirement System 77
Schedule of Contributions - Wisconsin Retirement System 77
Schedule of Proportionate Share of Net OPEB Liability - Local Retiree Life Insurance Plan 78
Schedule of Contributions - Local Retiree Life Insurance Plan 78
Notes to Required Supplementary Information 79
City of Oshkosh, Wisconsin
DECEMBER 31, 2020
SUPPLEMENTARY INFORMATION
Combining Balance Sheet - Nonmajor Governmental Funds 80
Combining Statement of Revenues, Expenditures and Changes in Fund Balances -
Nonmajor Governmental Funds 96
Combining Statement of Net Position - Nonmajor Enterprise Funds 112
Combining Statement of Revenues, Expenses and Changes in Net Position - Nonmajor Enterprise Funds 113
Combining Statement of Cash Flows - Nonmajor Enterprise Funds 114
Combining Statement of Net Position - Internal Service Funds 116
Combining Statement of Revenues, Expenses and Change in Net Position - Internal Service Funds 117
Combining Statement of Cash Flows - Internal Service Funds 118
Combining Statement of Net Position - Custodial Funds 119
Combining Statement of Changes in Net Position - Custodial Fund 120
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual -
Debt Service Fund 121
Special Assessment Improvement 122
Contract Control 123
Committee on Aging 124
Business Improvement District 125
Recycling 126
Street Lighting 127
Library 128
Museum 129
Cemetery 130
Community Development Block Grant 131
Local Revolving Loan Program 132
Senior Center Revolving Loans 133
Bicycle 134
Police Special 135
Police Asset Forfeiture 136
Federal Police Asset Forfeiture 137
EMS Fire Grant 138
Historical Marker 139
Community Development Special 140
Parks Revenue Facilities 141
Leach Amphitheater 142
City of Oshkosh, Wisconsin
DECEMBER 31, 2020
Public Works Special 143
Garbage Disposal 144
Pollock Water Park 145
Healthy Neighborhood Initiative 146
Rental Inspections 147
Special Events 148
Street Tree 149
Equipment 150
Park Improvement 151
Grand Opera 152
Parking Ramp 153
TIF #8 S Aviation Industrial 154
TIF #10 Main and Washington 155
TIF #11 Oshkosh Office Center 156
TIF #12 Division Street 157
TIF #13 Marion Road/ Pearl Ave. 158
TIF #14 Mercy Medical 159
TIF #15 Park Plaza 160
TIF #16 100 Block Redevelopment 161
TIF #17 City Centre 162
TIF #18 SW Industrial #3 163
TIF #19 NW Industrial Expansion 164
TIF #20 South Side Fox River 165
TIF #21 Fox River Corridor 166
TIF #23 SW Industrial Park 167
TIF #24 Oshkosh Corp 168
TIF #25 City Center Hotel 169
TIF #26 Aviation Business Park 170
TIF #27 North Main Street 171
TIF #28 Beach Building Redevelopment 172
TIF #29 Morgan District 173
TIF #30 Washington Building 174
TIF #31 Buckstaff Redevelopment 175
TIF #32 Granary Redevelopment 176
TIF #33 Lamico Redevelopment 177
City of Oshkosh, Wisconsin
DECEMBER 31, 2020
TIF #34 Oshkosh Corp Headquarters 178
TIF #35 Oshkosh Ave. Corridor 179
TIF #36 Merge Redevelopment 180
TIF #37 Aviation Plaza 181
TIF #38 Pioneer Redevelopment 182
TIF #39 Cabrini School Redevelopment 183
Transit Utility 184
Water Utility 185
Sewer Utility 186
Storm Water Utility 187
Parking Utility 188
Oshkosh Redevelopment Project 189
Industrial Park 190
Inspection Services 191
Hospital Insurance 192
Police Pension 193
Fire Pension 194
Workman’s Compensation 195
STATISTICAL SECTION
Net Position 196
Changes in Net Position 197
Fund Balances, Governmental Funds 199
Changes in Fund Balance, Governmental Funds 200
Assessed and Estimated Actual Value of Taxable Property 201
Property Tax Rates - Direct and Overlapping Governments 202
Principal Taxpayers 203
Property Tax Levies and Collections 204
Outstanding Debt by Type 205
Ratios of Net General Bonded Debt Outstanding 206
Direct and Overlapping Governmental Activities Debt 207
Legal Debt Margin Information 208
Pledged-Revenue Coverage
Water Revenue Bonds 209
Sewer Revenue Bonds 210
Storm Water Revenue Bonds 211
City of Oshkosh, Wisconsin
DECEMBER 31, 2020
Demographic and Economic Statistics 212
Principal Employers 213
Full-time Equivalent City Government Employees by Function / Program 214
Capital Asset Statistics by Function / Program 215
Operating Indicator by Function / Program 216
Economics - Population, Building Permits, and Utility Customers 217
New Dwelling Units Constructed 218
Utility Information 219
Budgeted Revenues 222
Operating Budget by Function 223
Pie Charts -
Levy Rate 224
Source of Funds (Where the Money Comes From) 225
Use of Funds (Where the Money Goes) 226
Use of Funds by Function (How the Money Goes) 227
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 228
Schedule of Findings and Responses 230
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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August 12, 2021
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 Accounts for the eneral operation of the Cit of Oshkosh
Special
Revenue Funds
Committee on Aging
Business Improvement
Recycling
Street Lighting
Library
Police Special
Fire/Safety
Police Asset Forfeiture
Federal Police Asset Forfeiture
Community Develop Spec
Leach Amphitheater
Garbage Disposal
Public Works Spec
Museum
Cemetery
Community Development Block Grant
Rental Rehab Loan Program
Senior Center Revolving Loans
Bicycle
EMS/Fire Grant
Cable TV Franchise
Historical Marker
Parks Revenue
Pollock Water Park
Healthy Neighborhoods
Rental Inspections
Debt Service
Fund
This fund accounts for the resources accumulated and payments made for the principal
and interest on lon -term debt
Capital Projects
Funds
Sidewalk Construction
Street Trees
Contract Control
Park Improvements
Mct Rochlin Park Smokestack
Street Improvement
Special Assessments
Equipment Revolving
Parks Subdivision
Senior Center
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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TIF # 8 - 39
Enterprise
Funds
Transit
Water
Parking
Sewer
Storm Water
Oshkosh Redevelopment Project
Internal Service
Funds
Hospital Insurance
Workman’s Compensation
Police Pension
Fire Pension
Agency Funds 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 3,100
Bemis Packaging 2,300
UW-Oshkosh College 1,288
Oshkosh Area School District Elementary and secondary education 1,290
Silver Star Brands Mail order distribution 650
Aurora Medical Cente Healthcare 1,036
Winnebago County Government 1,046
4 Imprint Advertising specialties 819
US Bank Financial Institution 1,144
Winnebago Mental Health Institute Healthcare 625
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:
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.
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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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.
Ransomware, COVID-19and Economic Disruptions
The City experienced two disruption in 2020, a ransomware attack in February and the on-going impact of the
COVID-19 virus.
The ransomware attack started when a city staff member received a phishing e-mail that was well crafted to
appear legitimate. Since the end-user did not suspect anything malicious, they proceeded to open the e-mail and
its subsequent macro-enabled attachment. This allowed the retrieval of a multiple command & control programs.
The programs performed their own reconnaissance to allow efficient and widespread use of RYUK ransomware,
which was retrieved and deployed. The cyber forensic company & legal firm retained by our cyber-liability
insurance company determined no evidence of data exfiltration or remote access occurred within the city network,
as a result for this cyber-attack. It appeared to be solely for the purpose of a ransom payout. The City has
continued to harden its network and remain guarded against future attacks. Additionally, the Common Council has
been asked to allocate appropriate funding to acquire and maintain resources to effectively mitigate, respond to
and recover from future cyber-attacks.
The City continues to monitor the effects of the COVID-19 pandemic and related economic disruption. While the
impact of COVID-19 causes a reduction in revenue in 2020. The City also incurred fewer expenditures. The City
to will continue to monitor the budgetary impact and activities and expects minimal disruption in operations.
Ongoing impact of COVID-19 on the City’s operational and financial performance will depend on future
developments, including the duration of the outbreak and related governmental or regulatory actions.
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
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)
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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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
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, 2020.
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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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.
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.
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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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.
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 558 full-time, 102 part-time, and 95 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
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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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
$for the year ended December 31, 2020.
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, 2020 was $5,119.
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
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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:
MOUNT
RATIO OF DEBT TO
EQUALIZED VALUE DEBT PER CAPITA
Direct Bonded Deb $125,376,821 2.81% $1,860
Outstanding general obligation bonds at December 31, 2020 totaled $125,376,821. Below is a chart that includes
all general obligation debt by activity:
Equalized valuation of $4,460,244,100 represented an increase of 5.90% from the preceding year.
The City’s investment rating by Moody’s Investors Service as of December 31, 2020 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.
General, 88,305,992
Library, 325,000 Spl Assmt, 8,105,000
TID DISTRICTS,
14,499,829
Water, 3,100,000
Sewer, 4,445,000
Storm, 3,860,000
Transit, 886,000
Parking, 25,000
Ind Park, 400,000
Conv Ctr , 1,425,000
Other, 2,736,000
Direct Bonded General Obiligation by Fund
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
10
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
City Manager
Administrative
Services City Clerk
Community
Development Finance
Fire Legal
Library Museum
Parks Police
Public Works 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 67,408.
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
Matt Mugerauer Deputy Mayor
Bill Miller Council Member
Michael Ford Council Member
Courtney Hansen Council Member
Aaron Wojciechowski 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
CLA is an independent member of Nexia International, a leading, global network of independent
accounting and consulting firms. See nexia.com/member‐firm‐disclaimer for details.
13
CliftonLarsonAllen LLP
CLAconnect.com
Independent auditors’ report
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, 2020, 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, 2020, 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 4.H., during 2020, the City recorded prior period adjustments for $3,346,793 in the Sewer Utility and
$9,611,835 in the Redevelopment Authority to reflect duplicate recording of capital assets. Our opinion 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 August 2, 2021, 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.
a
CliftonLarsonAllen LLP
Wausau, Wisconsin
August 2, 2021
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, 2020. 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 statements.
Financial Highlights
The assets and deferred outflows of resources of the governmental activities of the City exceeded its
liabilities and deferred inflows of resources by $130,906,519 (net position) as of December 31, 2020. Of
this amount, $36,987,614 may be used to meet the City’s ongoing obligations to citizens and creditors.
During 2020, the City’s governmental activities net position increased by $6,455,273 from 2019, or
approximately 4.29%.
As of December 31, 2020, the City’s governmental funds reported combined ending fund balances of
$70,591,599, an increase of $1,790,984. Approximately 53.33% of this total amount, $37,682,761 is
available for spending at the City’s discretion (assigned and unassigned fund balance).
At the close of 2020, the unassigned fund balance for the general fund was $16,931,202, or approximately
37.00% of total general fund expenditures. The general fund unassigned balance increase by $1,353,711
from 2019.
The City’s total general-obligation debt decreased by $4,840,092, or 3.72% during 2020. The key factor in
this decrease was the issuance of $17,715,000 of general obligation debt and $22,555,095 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 70 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 66 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 8 individual enterprise funds. Internal service funds are an accounting device used to accumulate and
allocate costs internally among the City’s various functions. The City maintains 7 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 4
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 7 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 $365,317,305 and $352,299,547 at the close of 2020 and 2019,
respectively.
City of Oshkosh's Net Position
December 31, 2020 and 2019
Governmental Activities Business-type Activities Total Primary Government
2020 2019 2020 2019 2020 2019
Current and other
assets $149,694,888 $137,948,706 $99,120,469 $88,889,731 $248,815,357 $226,838,437
Capital assets 169,115,183 163,897,519 367,096,281 357,345,319 536,211,464 521,242,838
Total assets 318,810,071 301,846,225 466,216,750 446,235,050 785,026,821 748,081,275
Deferred outflows of
resources 24,248,973 28,333,489 4,188,076 4,923,720 28,437,049 33,257,209
Long-term liabilities
outstanding 126,436,187 137,045,359 225,851,843 216,721,665 352,288,030 353,767,024
Other liabilities 9,008,784 9,521,850 2,982,605 3,282,726 11,991,389 12,804,576
Total liabilities 135,444,971 146,567,209 228,834,448 220,004,391 364,279,419 366,571,600
Deferred inflows of
resources 76,707,554 59,161,259 5,805,881 3,306,078 82,513,435 62,467,337
Net position:
Net investment in capital
assets 53,733,398 47,319,281 162,667,610 145,221,685 216,401,008 192,540,966
Restricted 38,831,796 28,695,910 1,555,705 16,792,800 40,387,501 45,488,710
Unrestricted 38,341,325 48,436,055 71,541,182 65,833,816 109,882,507 114,269,871
Total net position $130,906,519 $124,451,246 $235,764,497 $227,848,301 $366,671,016 $352,299,547
By far the largest portion of the City’s net position (59.02%) and (54.65%) for 2020 and 2019, 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 (11.01%) and (12.91%) for 2020 and 2019, respectively,
represents resources that are subject to external restrictions on how they may be used. The remaining
balance of unrestricted net position ($109,882,507) and ($114,269,871) for 2020 and 2019, 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 $6,455,273 in 2020
and increased by $5,572,637 in 2019. Business-type activities increased the City’s net position by
$7,916,196 in 2020 and by $12,625,664 in 2019. Total net position of the City increased in 2020 by
$17,808,262 and in 2019 by $18,198,301. Key elements of this change are as follows:
City of Oshkosh's Change in Net Position
For Years Ended December 31, 2020 and 2019
Governmental ctivities Business-type Activities Total Primary Government
2020 2019 2020 2019 2020 2019
Revenues:
Program revenues:
Charges for services $ 9,551,252 $ 12,421,283 $ 45,413,680 $ 46,500,572 $ 54,964,932 $ 58,921,855
Operating grants & contributions 7,723,599 7,296,172 3,740,318 4,226,850 11,463,917 11,523,022
Capital grants & contributions 1,336,243 2,574,279 240,891 1,911,582 1,577,134 4,485,861
General revenues
Property & other taxes 43,378,815 42,712,123 809,500 947,700 44,188,315 43,659,823
Grants & contributions not
restricted to specific programs 13,718,267 13,092,274 - - 13,718,267 13,092,274
Othe 5,963,011 3,599,339 1,426,214 1,316,897 7,389,225 4,916,236
Total revenues 81,671,187 81,695,470 51,630,603 54,903,601 133,301,790 136,599,071
Expenses:
General government 6,861,389 7,206,740 - - 6,861,389 7,206,740
Public safety 26,973,652 31,705,030 - - 26,973,652 31,705,030
Public works 20,166,108 15,888,569 - - 20,166,108 15,888,569
Transportation 756,552 1,081,675 - - 756,552 1,081,675
Health & Human Services 1,126,177 1,013,157 - - 1,126,177 1,013,157
Culture & recreation 8,687,753 9,395,932 - - 8,687,753 9,395,932
Conservation & development 7,894,395 8,690,720 - - 7,894,395 8,690,720
Unclassified 1,169,374 875,692 - - 1,169,374 875,692
Interest & Fiscal charges 3,413,132 3,267,500 - - 3,413,132 3,267,500
Transit utility - - 4,921,115 5,373,317 4,921,115 5,373,317
Water utility - - 11,472,772 11,119,434 11,472,772 11,119,434
Sewer utility - - 12,192,891 12,647,065 12,192,891 12,647,065
Storm water utility - - 7,486,749 7,184,160 7,486,749 7,184,160
Non Major Funds - - 2,371,469 2,951,779 2,371,469 2,951,779
Total expenses 77,048,532 79,125,015 38,444,996 39,275,755 115,493,528 118,400,770
Transfers 1,832,618 3,002,182 (1,832,618) (3,002,182) - -
Total expenses and transfers 75,215,914 76,122,833 40,277,614 42,277,937 115,493,528 118,400,770
Change in net position 6,455,273 5,572,637 11,352,989 12,625,664 17,808,262 18,198,301
Net position - January 1 124,451,246 118,878,609 227,848,301 215,222,637 352,299,547 334,101,246
Prior period adjustment - - (3,436,793) -(3,436,793) -
Net position - January 1, restated 124,451,246 118,878,609 224,411,508 215,222,637 348,862,754 334,101,246
Net position - December 31 $ 130,906,519 $ 124,451,246 $ 235,764,497 $227,848,301 $ 366,671,016 $352,299,547
Property and other taxes increased by $528,492 (1.21%) and decreased by $1,388,158 (3.08%) in 2019.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
19
Financial Analysis of the City’s Funds
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related
legal requirements.
Governmental funds. The focus of the City’s governmental funds is to provide information on near-term
inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s
financing requirements. In particular, unassigned fund balance may serve as a useful measure of the City’s
net resources available for spending at the end of the fiscal year.
As of December 31, 2020 and 2019, the City’s governmental funds reported combined ending fund
balances of $69,237,888 and $68,800,615, an increase of $437,273 and an increase of $6,831,729 in 2019.
Of the total fund balance, $5,352,649 and $4,149,515 constitutes unassigned fund balance, which is
available for spending at the City’s discretion. The remainder of fund balance is nonspendable, restricted,
committed or assigned to indicate that it is not available for new spending because it has already been
committed as follows:
City of Oshkosh's Governmental Fund Balances
2020 2019
Nonspendable
Inventories and prepaid items $ 220,529 $ 150,934
Receivables from other funds 113,993 703,921
Total nonspendable $ 334,522 $ 854,855
Restricted for
Construction of assets $ 10,222,843 $ 12,774,151
Debt service 124,348 2,189,515
Special purposes 2,522,182 2,982,819
Trust agreements 11,636,360 11,272,813
Total restricted $ 24,505,733 $ 29,219,298
Committed to
Special purposes $ 8,068,583 $ 4,541,964
Assigned to
Subsequent year's budget $ 43,958 $ 49,180
Special purposes 8,991,333 5,508,363
Construction of assets 21,941,110 24,477,440
Total assigned $ 30,976,401 $ 30,034,983
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 2020 and 2019, unassigned fund
balance of the general fund was $16,931,202 and $14,256,427, respectively, while total fund balance
reached $17,195,689 and $14,456,427 respectively. As a measure of the general fund’s liquidity, it may
be useful to compare unassigned fund balance to total fund expenditures. Unassigned fund balance
represents 37.59% and 34.63% of total general fund expenditures.
The fund balance of the City’s general fund increase by $2,739,148 in 2020.
The debt service fund has a total fund balance of $124,348 as of December 31, 2020, a decrease of
$2,065,167 from December 31, 2019.
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 2020 and 2019 amounted to $71,541,182
and $65,833,816, respectively. Net position increased $7,916,196 in 2020 and increased $17,005,474 in
2019.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
20
Other factors concerning the finances of these funds have already been addressed in the discussion of the
City’s business-type activities.
General Fund Budgetary Highlights
Generally the original budget is rarely modified.
During 2020 actual revenues were more than budgeted revenues by $696,759, primarily in
Intergovernmental revenues. Actual expenditures were less than budgeted by $2,625,884 which left a total
budget unspent of $1,968,932.
During 2019 actual revenues were less 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.
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, 2020 and 2019, amounted to $536,280,217 and $521,242,837 (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 $15,037,380 or 2.88% for 2020 and increased by
$19,675,456 or 3.92% for 2019.
Major capital asset acquired or constructed during the years ended 2020 and 2019 include:
The governmental activities include constructed streets in the amount of $8,044,882 and
$8,184,402, purchased land in the amount of $62,897 and $1,326,310, vehicles in the amount of
$3,573,714 and $1,295,133, and building improvements and contents in the amount of $5,417,446
and $444,605, respectively.
The business-type activities purchased additional land and improvements in the amount of
$14,235,768 and $12,787,605, and improvements to water, sewer and storm water utilities in the
amount of $10,395,125 and $11,337,010, respectively.
City of Oshkosh's Capital Assets
Governmental Activities Business-type Activities Total Primary Government
2020 2019 2020 2019 2020 2019
Land $ 20,850,347 $ 20,787,450 $ 4,235,768 $ 2,787,605 $ 35,086,115 $ 23,575,055
Construction in progress 1,003,147 3,925,983 10,395,125 16,421,290 11,398,272 20,347,273
Buildings & systems 48,754,364 49,085,468 327,506,013 299,609,488 376,260,377 348,694,956
Infrastructure 66,643,827 62,963,046 - - 66,643,827 62,963,046
Machinery and equipment 31,863,498 27,135,572 14,959,375 28,526,936 46,822,873 55,662,508
Total $ 169,115,183 $ 63,897,519 $ 67,096,281 $357,345,319 $ 536,211,464 $521,242,838
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
21
Long-term debt. At the end of 2020 and 2019, the City had total bonded debt outstanding of $326,668,841
and $318,982,983, respectively. Of this amount, $125,376,821 and $130,216,915, respectively, comprises
debt backed by the full faith and credit of the government. The remainder of the City’s debt represents
bonds secured solely by specified revenue sources (i.e., revenue bonds).
City of Oshkosh's Outstanding Debt
Governmental Activities Business-type Activities Total Primary Government
2020 2019 2020 2019 2020 2019
General obligation debt:
Bonds & notes $ 111,235,821 $ 113,185,916 $ 14,141,000 $ 17,030,999 $ 125,376,821 $ 130,216,915
Total general obligation
debt 111,235,821 113,185,916 14,141,000 17,030,999 125,376,821 130,216,915
Revenue bonds - - 201,292,020 188,766,068 201,292,020 188,766,068
Total $ 111,235,821 $ 113,185,916 $ 215,433,020 $205,797,067 $326,668,841 $318,982,983
The City’s total debt decreased by $7,685,858, (2.41%) in 2020 and increased by $7,926,597 (2.54%) in
2019 The City maintains an Aa3 rating from Moody’s Investors Service for its general obligation debt as of
December 31, 2020. 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, 2020.
State statutes limit the amount of general obligation debt the City may issue to 5% of its total equalized
valuation. The debt limitation for 2020 and 2019 for the City was $ 223,012,205 and $210,579,775,
respectively, which is significantly in excess of the City’s $125,376,821 and $130,216,915 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 2021 fiscal year
combined operating budget includes $142.92 million in projected revenues and $138.56 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 2021 budget was developed to consider then
current expectations for such revenue sources compared to 2020 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 2022 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.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
22
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.
City of Oshkosh, Wisconsin
STATEMENT OF NET POSITION
DECEMBER 31 2020
Com onen
Unit
Governmental Business-t e Redevelo men
Activities Activities Total Authorit
ASSETS
Cash and investments 93,322,31$ 59,966,54$ 153,288,85$ 132,325$
Receivables
Taxes and s ecial char e 31,303,29 809,500 32,112,79 -
Accounts 2,816,318 6,780,288 9,596,606 -
S ecial assessments 7,581,274 - 7,581,274 -
Loans 5,028,738 - 5,028,738 -
Othe 746 - 746 -
Due from other overnment - 1,602,627 1,602,627 -
Inventories and re aid item 220,529 2,172,143 2,392,672 -
Assets held for resale - 4,447,936 4,447,936 -
Restricted assets
Cash and investments - 21,785,724 21,785,724 -
Net ension asse 9,421,673 1,555,70 10,977,37 -
Ca ital assets, nonde reciable 21,853,494 24,630,89 46,484,38 -
Ca ital assets, de reciable 147,261,68 342,465,38 489,727,07 6,064,547
Total assets 318,810,071 466,216,75 785,026,821 6,196,872
DEFERRED OUTFLOWS OF RESOURCE
Loss on advance refundin 275,115 184,586 459,701 -
Pension related amount 21,883,421 3,621,331 25,504,752 -
Other ostem lo ment related amount 2,090,437 382,159 2,472,596 -
Total deferred outflows of resources 24,248,97 4,188,076 28,437,04 -
LIABILITIES
Accounts a able 3,794,491 343,089 4,137,580 -
Accrued and other current liabilities 2,943,266 1,000,000 3,943,266 -
Due to other overnment - 119,870 119,870 -
Accrued interest a able 365,122 1,494,438 1,859,560 -
S ecial de osits 1,879,90 20,590 1,900,49 25,000
Unearned revenue 26,000 4,618 30,618 -
Lon -term obli ation
Due within one ea 14,338,791 15,728,96 30,067,75 -
Due in more than one ea 105,112,631 208,817,90 313,930,54 -
Other ostem lo ment benefit 6,984,76 1,304,968 8,289,733 -
Total liabilities 135,444,971 228,834,44 364,279,41 25,000
DEFERRED INFLOWS OF RESOURCES
Pro ert taxes levied for subse uent ea 46,712,17 809,500 47,521,67 -
Pension related amount 28,270,631 4,668,042 32,938,67 -
Other ostem lo ment related amount 1,724,746 328,339 2,053,08 -
Total deferred inflows of resources 76,707,554 5,805,881 82,513,43 -
NET POSITION
Net investment in ca ital assets 53,733,39 162,667,61 216,401,00 6,064,547
Restricted 38,831,79 1,555,70 40,387,501 -
Unrestricted 38,341,32 71,541,182 109,882,50 107,325
Total net osition 130,906,51$ 235,764,49$ 366,671,01$ 6,171,872$
The notes to the basic financial statements are an inte ral art of this statement.
23
City of Oshkosh, Wisconsin
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED DECEMBER 31, 202
Program Revenue
Operating Capital Grants
Charges fo Grants and and
Functions/Programs Expense Services Contributions Contributions
GOVERNMENTAL ACTIVITIE
General governmen 6,861,389$ 936,771$ 1,372,841$ -$
Public safety 26,973,652 2,786,871 570,872 94,170
Public works 20,166,10 3,999,812 3,657,172 1,242,073
Transportation 756,552 35,254 - -
Health and human service 1,126,177 97,715 270,765 -
Culture and recreation 8,687,753 471,878 378,198 -
Conservation and developmen 7,894,39 1,222,951 1,473,751 -
Unclassified 1,169,374 - - -
Interest and fiscal charges 3,413,132 - - -
Total governmental activities 77,048,532 9,551,252 7,723,599 1,336,243
BUSINESS-TYPE ACTIVITIE
Transit utility 4,921,11 880,008 3,379,612 -
Water utility 11,472,772 15,576,60 - 14,394
Sewer utilit 12,192,891 15,248,46 - 226,497
Storm water utility 7,486,749 11,599,45 360,706 -
Parking utility 242,224 88,991 - -
Oshkosh redevelopment projec 1,204,979 864,130 - -
Industrial park 29,894 14,817 - -
Golf course - - - -
Inspection services 894,372 1,141,203 - -
Total business-t e activities 38,444,99 45,413,680 3,740,318 240,891
Total rimar overnmen 115,493,52$ 54,964,932$ 11,463,91$ 1,577,134$
Component Uni
Redevelopment Authorit 17,447$ 5,520$ -$ 1,169,198$
General revenue
Taxes
Property taxes, levied for general purpose
Property taxes, levied for debt servic
Property taxes, tax increment
Other taxes
Federal and state grants and other contribution
not restricted to specific functions
Interest and investment earning
Miscellaneous
Gain (loss) on sale of asset
Transfers
Total general revenues and transfer
Change in net position
Net position - January 1, as originally reported
Prior period adjustmen
Net position - January 1, as restated
Net position - December 31
The notes to the basic financial statements are an integral part of this statement.
24
Net (Expense) Revenu Componen
and Changes in Net Position Unit
Governmental Business-type Redevelopmen
Activities Activities Total Authorit
(4,551,777)$ -$ (4,551,777)$ -$
(23,521,739 - (23,521,739 -
(11,267,051 - (11,267,051 -
(721,298) - (721,298) -
(757,697) - (757,697) -
(7,837,677) - (7,837,677) -
(5,197,693) - (5,197,693) -
(1,169,374) - (1,169,374) -
(3,413,132) - (3,413,132) -
(58,437,438 - (58,437,438 -
- (661,495) (661,495) -
- 4,118,231 4,118,231 -
- 3,282,07 3,282,07 -
- 4,473,410 4,473,410 -
- (153,233) (153,233) -
- (340,849) (340,849) -
- (15,077) (15,077) -
- - - -
- 246,831 246,831 -
- 10,949,89 10,949,89 -
58,437,438 10,949,89 47,487,545 -
- - - 1,157,271
28,259,622 809,500 29,069,122 -
12,070,600 - 12,070,600 -
2,586,498 - 2,586,498 -
462,095 - 462,095 -
13,718,26 - 13,718,26 -
1,311,446 583,594 1,895,040 -
4,589,381 17,130 4,606,511 934
62,184 825,490 887,674 (4,735,389)
1,832,618 (1,832,618) - -
64,892,711 403,096 65,295,80 (4,734,455)
6,455,273 11,352,98 17,808,262 (3,577,184)
124,451,24 227,848,301 352,299,54 19,360,891
- (3,436,793) (3,436,793) (9,611,835)
124,451,24 224,411,50 348,862,75 9,749,056
130,906,51$ 235,764,49$ 366,671,01$ 6,171,872$
25
City of Oshkosh, Wisconsin
BALANCE SHEE
GOVERNMENTAL FUND
DECEMBER 31, 2020
Special Non-Major
Assessment Governmental
General Debt Service Improvement Funds Total
ASSETS
Cash and investments 15,071,658$ 3,743,102$ 6,795,684$ 65,298,757$ 90,909,201$
Receivables
Taxes and s ecial char e 14,518,253 7,541,946 - 9,243,098 31,303,297
Accounts 2,344,505 - - 471,813 2,816,318
Special assessments 452,810 - 7,128,464 - 7,581,274
Loans - - - 5,028,738 5,028,738
Other - - 746 - 746
Due from other funds 9,723,336 - - 1,351,127 11,074,463
Inventories and prepaid items 220,529 - - - 220,529
Deposit with GO HNI - - - 212,378 212,378
Total assets 42,331,091$ 11,285,048$ 13,924,894$ 81,605,911$ 149,146,944$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable 313,424$ 500$ -$ 3,448,409$ 3,762,333$
Accrued and other current liabilities 2,943,266 - - - 2,943,266
Due to other funds - - - 11,074,463 11,074,463
Special deposits 4,212 - 1,552,913 322,780 1,879,905
Unearned revenues - - - 26,000 26,000
Total liabilities 3,260,902 500 1,552,913 14,871,652 19,685,967
Deferred inflows of resources
Property taxes levied for subsequent
year 21,874,500 11,160,200 - 13,651,872 46,686,572
Loans receivable - - - 5,054,343 5,054,343
Special charges assessed - - 7,128,463 - 7,128,463
Total deferred inflows of resources 21,874,500 11,160,200 7,128,463 18,706,215 58,869,378
Fund balances
Nonspendable 220,529 - 113,993 - 334,522
Restricted - 124,348 - 24,381,385 24,505,733
Committed - -- 8,068,583 8,068,583
Assigned 43,958 - 5,129,525 25,802,918 30,976,401
Unassigned 16,931,202 - - (10,224,842) 6,706,360
Total fund balances 17,195,689 124,348 5,243,518 48,028,044 70,591,599
Total liabilities, deferred inflows
of resources, and fund balances 42,331,091$ 11,285,048$ 13,924,894$ 81,605,911$ 149,146,944$
The notes to the basic financial statements are an integral part of this statement
26
City of Oshkosh, Wisconsin
BALANCE SHEE
GOVERNMENTAL FUNDS
DECEMBER 31, 2020
RECONCILIATION TO THE STATEMENT OF NET POSITION
Total fund balances as shown on previous page 70,591,599$
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.169,115,183
Long-term assets are not available; therefore, are not reported in the funds:
Special assessments 7,128,463
Loans receivable 5,028,738
Grants -
Net pension asset 9,421,673
Net position of the internal service funds are reported in the statement
of net position as governmental activities 2,160,109
Some deferred outflows and inflows of resources reflect changes in
long-term liabilities and are not reported in the funds.
Loss on advance refunding 275,115
Deferred outflows related to pensions 21,883,421
Deferred inflows related to pensions (28,270,631)
Deferred outflows related to other postemployment benefits 2,088,492
Deferred inflows related to other postemployment benefits (1,722,309)
Long-term liabilities are not due and payable in the current period and,
therefore, are not reported in the funds.
Bonds and notes payable (111,235,821)
Premium on debt (3,886,343)
Compensated absences (4,329,258)
Net pension liability -
Other postemployment benefit (6,976,790)
Unfunded pension liability -
Accrued interest on long-term obligations (365,122)
Net position of governmental activities as reported on the statement
of net position (see page 22)130,906,519$
The notes to the basic financial statements are an integral part of this statement.
27
City of Oshkosh, Wisconsin
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Special Non-Ma o
Assessment Governmental
General Debt Service Improvement Funds Total
REVENUES
Taxes 20,407,972$ 12,070,600$ -$ 10,759,633$ 43,238,205$
Special assessments - - 2,257,077 140,610 2,397,687
Intergovernmental 18,080,869 - - 3,133,226 21,214,095
Licenses and permits 813,954 - - 27 813,981
Fines and forfeits 554,835 - - 585 555,420
Public charges for services 3,580,718 - - 463,897 4,044,615
Intergovernmental charges for services 3,253,866 - - - 3,253,866
Miscellaneous 841,095 106,827 - 2,527,864 3,475,786
Total revenues 47,533,309 12,177,427 2,257,077 17,025,842 78,993,655
EXPENDITURES
Current
General government 6,247,669 - - - 6,247,669
Public safety 27,724,729 - - 168,327 27,893,056
Public works 5,716,441 - - 3,574,821 9,291,262
Transportation 753,027 - - - 753,027
Health and human services - - - 979,569 979,569
Culture and recreation 2,231,034 - - 5,454,476 7,685,510
Conservation and development 1,899,302 - - 2,569,544 4,468,846
Unclassified 1,105,967 - - - 1,105,967
Debt service
Principal - 12,238,826 725,000 6,701,269 19,665,095
Interest and fiscal charges - 3,057,005 236,944 551,980 3,845,929
Capital outlay 72,477 - 19,718 15,698,151 15,790,346
Total expenditures 45,750,646 15,295,831 981,662 35,698,137 97,726,276
Excess of revenues over (under)
expenditures 1,782,663 (3,118,404) 1,275,415 (18,672,295) (18,732,621)
OTHER FINANCING SOURCES (USES)
Long-term debt issued - 100,000 - 17,615,000 17,715,000
Premium on debt issued - 953,237 - -953,237
Proceeds from sale of capital assets - -- 22,750 22,750
Transfers in 1,006,485 - - 3,217,000 4,223,485
Transfers out (50,000) - - (2,340,867) (2,390,867)
Total other financing sources (uses)956,485 1,053,237 - 18,513,883 20,523,605
Net change in fund balances 2,739,148 (2,065,167) 1,275,415 (158,412) 1,790,984
Fund balances - January 1 14,456,541 2,189,515 3,968,103 48,186,456 68,800,615
Fund balances - December 31 17,195,689$ 124,348$ 5,243,518$ 48,028,044$ 70,591,599$
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, 2020
2020
RECONCILIATION TO THE STATEMENT OF ACTIVITIE
Net chan e in fund balances as shown on revious a e 1,790,984$
mounts re orted for overnmental activities in the statement of activities
are different because:
Governmental funds re ort ca ital outla s as ex enditures. However, in
the statement of activities the cost of those assets is allocated over their
estimated useful lives and re orted as de reciation ex ense.
Ca ital assets re orted as ca ital outla in overnmental fund statements 16,780,033
De reciation ex ense re orted in the statement of activities 11,562,369
Governmental funds do not resent revenues that are not available to a
current obli ations. In contrast, such revenues are re orted in the statement
of activities when earned.761,559
Debt issued rovides current financial resources to overnmental funds, but
issuin debt increases lon -term liabilities in the statement of net osition.
Re a ment of bond rinci al is an ex enditure in the overnmental funds, but
the re a ment reduces lon -term liabilities in the statement of net osition.
Lon -term debt issued 17,715,000
Premium on debt issued 953,237
Princi al re aid 19,665,095
Some ex enses re orted in the statement of activities do not re uire the
use of current financial resources and therefore are not re orted as
ex enditures in the overnmental funds:
ccrued interest on lon -term debt 158,266
mortization of remiums, discounts and loss on advance refundin 274,531
Com ensated absences 211,932
Net ension asset 9,421,673
Net ension liabilit 10,202,056
Deferred outflows of resources related to ensions 5,769,034
Deferred inflows of resources related to ensions 14,145,444
Deferred outflows of resources related to other ostem lo ment benefits 1,784,662
Deferred inflows of resources related to other ostem lo ment benefits 1,086,713
Other ostem lo ment benefits 1,167,676
Internal service funds are used b mana ement to char e the costs of
certain activities to individual funds. The net revenue ex ense of the
internal service funds is re orted with overnmental activities.672,927
Chan e in net osition of overnmental activities as re orted in the
statement of activities see a es 23 - 24 6,455,273$
The notes to the basic financial statements are an inte ral part of this statement.
29
City of Oshkosh, Wisconsin
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - GENERAL FUN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 20,309,700$ 20,309,700$ 20,407,972$ 98,272$
Intergovernmental 16,826,100 16,826,100 18,080,869 1,254,769
Licenses and permits 974,000 974,000 813,954 (160,046)
Fines and forfeits 799,900 799,900 554,835 (245,065)
Public charges for services 3,256,550 3,256,550 3,580,718 324,168
Intergovernmental charges
for services 3,761,800 3,761,800 3,253,866 (507,934)
Miscellaneous 908,500 908,500 841,095 (67,405)
Total revenues 46,836,550 46,836,550 47,533,309 696,759
EXPENDITURES
Current
General government 6,447,500 6,467,720 6,247,669 220,051
Public safety 28,900,850 28,900,348 27,724,729 1,175,619
Public works 6,667,700 6,679,330 5,716,441 962,889
Transportation 795,200 795,200 753,027 42,173
Culture and recreation 2,254,800 2,254,800 2,231,034 23,766
Conservation and development 1,974,800 1,983,403 1,899,302 84,101
Unclassified 729,900 1,277,929 1,105,967 171,962
Debt service
Interest and fiscal charges 5,800 5,800 - 5,800
Capital outlay 10,000 12,000 72,477 (60,477)
Total expenditures 47,786,550 48,376,530 45,750,646 2,625,884
Excess of revenues over (under)
expenditures (950,000) (1,539,980) 1,782,663 3,322,643
OTHER FINANCING SOURCES
Transfers in 1,000,000 1,000,000 1,006,485 6,485
Transfers out (50,000) (50,000) (50,000) -
Total other financing sources 950,000 950,000 956,485 6,485
Net change in fund balance - (589,980) 2,739,148 3,329,128
Fund balance - January 1 14,456,541 14,456,541 14,456,541 -
Fund balance - December 31 14,456,541$ 13,866,561$ 17,195,689$ 3,329,128$
30
City of Oshkosh, Wisconsin
STATEMENT OF NET POSITION
PROPRIETARY FUND
DECEMBER 31, 2020
Governmental
Activities -
Transit Water Sewer Storm Water Nonmajor Internal Service
Utility Utility Utility Utility Funds Total Funds
ASSETS
Current assets
Cash and investments 2,151,576$ 18,121,815$ 20,199,627$ 17,192,653$ 2,300,875$ 59,966,546$ 2,200,734$
Receivables
Taxes and special charges 809,500 - - - - 809,500 -
Customer accounts 155,284 2,200,166 2,768,411 1,567,882 88,545 6,780,288 -
Due from other funds - - 1,028,307 - - 1,028,307 454,928
Due from other governments 1,602,627 - - - - 1,602,627 -
Inventories and prepaid items 456,089 996,117 518,840 181,516 19,581 2,172,143 -
Total current assets 5,175,076 21,318,098 24,515,185 18,942,051 2,409,001 72,359,411 2,655,662
Noncurrent assets
Restricted assets
Cash and investments - 6,400,364 7,790,435 7,594,925 - 21,785,724 -
Other assets
Assets held for resale - - - - 4,447,936 4,447,936 -
Net pension asset 375,416 413,492 469,252 184,473 113,072 1,555,705 -
Total other assets 375,416 413,492 469,252 184,473 4,561,008 6,003,641 -
Capital assets
Nondepreciable 389,124 1,772,468 8,361,622 9,072,597 5,035,082 24,630,893 -
Depreciable 5,051,106 106,959,502 110,820,713 111,998,155 7,635,912 342,465,388 -
Total capital assets 5,440,230 108,731,970 119,182,335 121,070,752 12,670,994 367,096,281 -
Total assets 10,990,722 136,863,924 151,957,207 147,792,201 19,641,003 467,245,057 2,655,662
DEFERRED OUTFLOWS OF RESOURCES
Loss on advance refunding - 65,169 119,417 - - 184,586 -
Pension related amounts 867,593 968,056 1,093,721 427,251 264,710 3,621,331 -
Other postemployment related amounts 53,310 116,909 127,162 51,011 33,767 382,159 1,945
Total deferred outflows of resources 920,903 1,150,134 1,340,300 478,262 298,477 4,188,076 1,945
The notes to the basic financial statements are an integral part of this statement
Enterprise Funds
31
City of Oshkosh, Wisconsin
STATEMENT OF NET POSITION
PROPRIETARY FUND
DECEMBER 31, 2020
Governmental
Activities -
Transit Water Sewer Storm Water Nonmajor Internal Service
Utility Utility Utility Utility Funds Total Funds
LIABILITIES
Current liabilities
Accounts payable 104,560$ 73,859$ 127,596$ 27,175$ 9,899$ 343,089$ 32,158$
Accrued and other current liabilities - 1,000,000 - - - 1,000,000 -
Due to other funds - -- - 1,028,307 1,028,307 454,928
Due to other governments 119,870 - - - - 119,870 -
Special deposits - 169 13,400 2,021 5,000 20,590 -
Unearned revenue 4,095 - - - 523 4,618 -
Current portion of long-term debt 136,000 5,057,440 5,182,811 5,070,000 282,715 15,728,966 -
Accrued interest payable 3,774 705,033 304,262 440,866 40,503 1,494,438 -
Total current liabilities 368,299 6,836,501 5,628,069 5,540,062 1,366,947 19,739,878 487,086
Long-term obligations, less current portion
General obligation debt 750,000 2,385,000 3,595,000 3,160,000 1,567,285 11,457,285 -
Revenue bonds - 47,491,008 65,680,761 75,075,000 - 188,246,769 -
Debt premium - 2,138,020 2,954,224 2,918,142 - 8,010,386 -
Compensated absences 196,590 364,302 299,155 159,994 83,428 1,103,469 -
Other postemployment benefits 155,376 409,720 442,368 178,093 119,411 1,304,968 7,975
Total long-term liabilities 1,101,966 52,788,050 72,971,508 81,491,229 1,770,124 210,122,877 7,975
Total liabilities 1,470,265 59,624,551 78,599,577 87,031,291 3,137,071 229,862,755 495,061
DEFERRED INFLOWS OF RESOURCES
Property taxes levied for subsequent year 809,500 - - - - 809,500 -
Pension related amounts 1,126,473 1,240,721 1,408,037 553,528 339,283 4,668,042 -
Other postemployment related amounts 32,786 105,351 113,112 45,932 31,158 328,339 2,437
Total deferred inflows of resources 1,968,759 1,346,072 1,521,149 599,460 370,441 5,805,881 2,437
NET POSITION
Net investment in ca ital asset 4,554,230 56,835,844 47,614,007 42,442,535 11,220,994 162,667,610 -
Restricted 375,416 413,492 469,252 184,473 113,072 1,555,705 -
Unrestricted 3,542,955 19,794,099 25,093,522 18,012,704 5,097,902 71,541,182 2,160,109
Total net position 8,472,601$ 77,043,435$ 73,176,781$ 60,639,712$ 16,431,968$ 235,764,497$ 2,160,109$
The notes to the basic financial statements are an integral part of this statement.
Enterprise Funds
32
City of Oshkosh, Wisconsin
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Governmental
Activities -
Transit Water Sewe Storm Water Nonmajor Internal Service
Utilit Utilit Utilit Utilit Funds Total Funds
OPERATING REVENUES
Charges for services 846,296$ 15,334,797$ 15,285,307$ 11,551,325$ 1,218,057$ 44,235,782$ 382,401$
Taxes - - - - 831,538 831,538 -
Fines, forfeitures and penalties - - - - 12,137 12,137 -
Othe 41,417 241,812 - 48,128 42,017 373,374 412,942
Total operating revenues 887,713 15,576,609 15,285,307 11,599,453 2,103,749 45,452,831 795,343
OPERATING EXPENSES
Operation and maintenance 4,005,851 6,126,179 6,037,623 2,229,197 1,985,766 20,384,616 -
Depreciation 869,334 3,589,037 3,884,811 2,346,232 298,200 10,987,614 -
Taxes - 170,077 173,962 68,958 - 412,997 -
Claims and administration - -- - - - 1,486,556
Total operating expenses 4,875,185 9,885,293 10,096,396 4,644,387 2,283,966 31,785,227 1,486,556
Operating income (loss)(3,987,472) 5,691,316 5,188,911 6,955,066 (180,217) 13,667,604 (691,213)
NONOPERATING REVENUES (EXPENSES)
General property taxes 809,500 - - - - 809,500 -
Interest income - 131,718 215,927 235,949 - 583,594 18,286
Nonoperating grants 3,379,612 - - 360,706 - 3,740,318 -
Gain (loss) on disposal of capital assets - 1,889 2,383 2,175 834,477 840,924 -
Interest and fiscal charges (45,930) (1,587,479) (2,133,333) (2,842,362) (88,120) (6,697,224) -
Total nonoperating revenues (expenses)4,143,182 (1,453,872) (1,915,023) (2,243,532) 746,357 (722,888) 18,286
Income (loss) before contributions
and transfers 155,710 4,237,444 3,273,888 4,711,534 566,140 12,944,716 (672,927)
Ca ital contributions - 14,394 226,497 - - 240,891 -
Transfers out (13,575) (1,000,000) - - (819,043) (1,832,618) -
Change in net position 142,135 3,251,838 3,500,385 4,711,534 (252,903) 11,352,989 (672,927)
Net position - January 1, As originally stated 8,330,466 73,791,597 73,113,189 55,928,178 16,684,871 227,848,301 2,833,036
Prior period adjustment - - (3,436,793) - - (3,436,793) -
Net position - January 1, as restated 8,330,466 73,791,597 69,676,396 55,928,178 16,684,871 224,411,508 2,833,036
Net position - December 31 8,472,601$ 77,043,435$ 73,176,781$ 60,639,712$ 16,431,968$ 235,764,497$ 2,160,109$
The notes to the basic financial statements are an integral part of this statement.
Enterprise Funds
33
City of Oshkosh, Wisconsin
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Governmental
Activities -
Transit Water Sewe Storm Water Nonmajor Internal Service
Utilit Utilit Utilit Utilit Funds Total Funds
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers 989,242$ 16,162,216$ 15,658,169$ 11,844,066$ 2,126,292$ 46,779,985$ 795,343$
Cash received special deposits (1,352) - - - - (1,352) -
Cash paid for employee wages and benefits (2,588,315) (3,132,765) (3,232,718) (1,273,877) (866,857) (11,094,532) (205,175)
Cash paid to suppliers (1,379,666) (3,027,045) (2,867,342) (1,019,178) (1,210,375) (9,503,606) (1,252,811)
Net cash provided (used) by operating
activities (2,980,091) 10,002,406 9,558,109 9,551,011 49,060 26,180,495 (662,643)
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
General property taxes 809,500 - - - - 809,500 -
Intergovernmental revenues 3,366,266 - - 360,706 - 3,726,972 -
Due to/from other funds - - 2,108,048 - (1,819,798) 288,250 -
Transfer in (out)(13,575) (1,000,000) - - (819,043) (1,832,618) -
Net cash provided (used) by noncapital
financing activities 4,162,191 (1,000,000) 2,108,048 360,706 (2,638,841) 2,992,104 -
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES
Acquisition of capital assets (249,714) (4,775,581) (10,755,011) (8,134,763) (159,070) (24,074,139) -
Sale of capital assets - 28,646 2,383 2,175 2,772,171 2,805,375 -
Proceeds from issuance of long-term debt - 5,525,000 13,930,000 4,770,000 - 24,225,000 -
Premiums received on long-term debt issued - 325,598 878,730 289,274 - 1,493,602 -
Principal paid on long-term debt (140,000) (4,727,244) (4,731,804) (4,655,000) (335,000) (14,589,048) -
Interest paid on long-term debt (46,333) (1,772,972) (2,335,267) (3,115,759) (90,189) (7,360,520) -
Net cash used by capital
and related financing activities (436,047) (5,396,553) (3,010,969) (10,844,073) 2,187,912 (17,499,730) -
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received - 131,718 215,927 235,949 - 583,594 18,286
Change in cash and cash equivalents 746,053 3,737,571 8,871,115 (696,407) (401,869) 12,256,463 (644,357)
Cash and cash equivalents - January 1 1,405,523 20,784,608 19,118,947 25,483,985 2,702,744 69,495,807 2,845,091
Cash and cash equivalents - December 31 2,151,576$ 24,522,179$ 27,990,062$ 24,787,578$ 2,300,875$ 81,752,270$ 2,200,734$
The notes to the basic financial statements are an integral part of this statement.
Enterprise Funds
34
City of Oshkosh, Wisconsin
STATEMENT OF CASH FLOWS CONCLUDED
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Governmental
Activities -
Transit Water Sewe Storm Water Nonma o Internal Service
Utilit Utilit Utilit Utilit Funds Total Funds
RECONCILIATION OF OPERATING INCOME
LOSS TO NET CASH PROVIDED USED BY
OPERATING ACTIVITIES
Operatin income loss 3,987,472$ 5,691,316$ 5,188,911$ 6,955,066$ 180,217$ 13,667,604$ 691,213$
Ad ustments to reconcile operatin
income loss to net cash provided used
b operatin activities
Depreciation 869,334 3,589,037 3,884,811 2,346,232 298,200 10,987,614 -
Depreciation char ed to sewer utilit - 112,904 - - - 112,904 -
Chan e in liabilit asset and deferred
outflows and inflows of resources
Chan e in WRS Asset/Liabilit 793,364 874,411 985,416 388,344 235,692 3,277,227 -
Chan e in WRS Deferred Outflow 256,723 279,959 298,603 122,205 69,753 1,027,243 -
Chan e in WRS Deferred Inflow 547,806 602,559 693,385 271,259 169,509 2,284,518 -
Chan e in OPEB Liabilit 38,148 64,607 69,960 22,831 14,736 210,282 1,667
Chan e in OPEB Deferred Outflo 43,491 101,384 110,082 44,087 29,357 328,401 1,735
Chan e in OPEB Deferred Inflo 12,870 72,444 76,975 31,245 21,751 215,285 1,948
Chan e in operatin assets and liabilities
Accounts receivables 100,894 585,438 372,862 242,592 32,763 1,334,549 -
Inventories and prepaid items 5,386 5,720 29,128 7,920 1,433 38,147 -
Accounts pa able 25,847 14,821 16,384 9,077 111,103 126,310 30,024
Customer deposits 1,352 169 - 2,021 - 838 -
Unearned revenu 635 - - - 10,220 9,585 -
Compensated absences 39,639 309 22,588 27,006 7,504 43,034 -
Net cash provided used b operatin
activities 2,980,091$ 10,002,406$ 9,558,109$ 9,551,011$ 49,060$ 26,180,495$ 662,643$
Reconciliation of cash and cash equivalents
to the statement of net position
Cash and cash equivalents in current assets 2,151,576$ 18,121,815$ 20,199,627$ 17,192,653$ 2,300,875$ 59,966,546$ 2,200,734$
Cash and cash equivalents in restricted assets - 6,400,364 7,790,435 7,594,925 - 21,785,724 -
Total cash and cash equivalents 2,151,576$ 24,522,179$ 27,990,062$ 24,787,578$ 2,300,875$ 81,752,270$ 2,200,734$
Noncash capital and related financin activities
Contributed capital assets -$ 14,394$ -$ -$ -$ 14,394$ -$
The notes to the basic financial statements are an inte ral art of this statement.
Enterprise Funds
35
City of Oshkosh, Wisconsin
STATEMENT OF FIDUCIARY NET POSITION
FIDUCIARY FUNDS
DECEMBER 31, 2020
Custodial
Funds
ASSETS
Current assets
Cash and investments 21,388,268$
Receivables
Taxes 44,102,761
Other 4,202
Total assets 65,495,231
LIABILITIES
Current liabilities
Accounts Payable 60,464$
Due to other governments 4,202
Total liabilities 64,666
DEFERRED INFLOWS OF RESOURCES
Property taxes levied for subsequent year 65,430,565
NET POSITION
Restricted -$
The notes to the basic financial statements are an integral part of this statement.
36
City of Oshkosh, Wisconsin
STATEMENT OF CHANGES IN NET POSITION
FIDUCIARY FUND
FOR THE YEAR ENDED DECEMBER 31, 2020
Custodial
Funds
ADDITIONS
Property tax collections 42,223,632$
DEDUCTIONS
Payments to taxing jurisdictions 42,223,632
Chan e in net position -
Net position - Januar 1 -
Net position - December 31 -
The notes to the basic financial statements are an integral part of this statement.
37
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City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
38
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, 2020
39
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:
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. The City has created Internal Service
fund for Hospital Insurance, Workman’s Compensation, Police and Fire Pensions.
The custodial fund accounts for property taxes and specials collected on behalf of other governments.
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, 2020
40
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, 2020
41
Property tax calendar for the 2020 tax roll is as follows:
Lien date and levy date December 31, 2020
Tax bills mailed On or after December 1, 2020
Payment in full, or:
First installment due January 31, 2021
Second installment due March 31, 2021
Third installment due May 31, 2021
Fourth installment due July 31, 2021
Personal property taxes in full January 31, 2021
Tax settlements:
Initial settlement January 15, 2021
Second, third and fourth settlement 20 days after the collection date
Final settlement August 20, 2021
Tax deed by County -
2020 delinquent real estate taxes October 01, 2024
Property tax calendar - 2020 tax roll:
Property taxes of $47,521,677 are recorded on December 31, 2020 for collection in 2021 for the City
apportionment. The City apportionment is for financing 2021 operations and will be transferred in 2020 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 $1,631,539,
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 2020 tax roll are recognized as revenue in 2021. 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, 2020
42
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 $5,000 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, 2020
43
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)
Single Employer OPEB
Qualifying employees are provided with other postemployment benefits. The OPEB is a single employer defined
benefit plan administered by the City. For purposes of measuring the OPEB liability, related deferred outflows and
inflows, and OPEB Expense, the City has used values provided by their actuary. Benefit payments are recognized
when due and payable in accordance with benefit terms.
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
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
44
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:
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.
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.
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.
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.
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:
Net investment in capital assets. Amount of capital assets, net of accumulated depreciation, and capital
related deferred outflows of resources less outstanding balances of any bonds, mortgages, notes, or other
borrowings that are attributable to the acquisition, construction, or improvement of those assets and any capital
related deferred inflows of resources.
Restricted net position. Amount of net position that is subject to restrictions that are imposed by 1) external
groups, such as creditors, grantors, contributors or laws or regulations of other governments or 2) law through
constitutional provisions or enabling legislation.
Unrestricted net position. Net position that is neither classified as restricted nor as net investment in capital
assets.
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.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
45
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, the
Debt Service Fund, and certain Enterprise Funds. These budgets are adopted in accordance with state statutes and are
prepared on a basis consistent with generally accepted accounting principles. The budgetary data presented on the
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual reflects the original
approved budgets of the above funds and subsequent revision authorized by the City’s Common Council. Flexible,
annual budgets are approved for proprietary funds to provide for financial management. Long-term budgets are adopted
for Capital Projects Funds.
The 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,
2020.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
46
B. DEFICIT FUND EQUITY
The following funds had deficit fund balance or net position as of December 31, 2020:
Deficit Fund
Funds Balance
Nonmajor Special Revenue Funds
Public Works Special 77,913$
Special Events 6,800
Nonmajor Capital Projects Funds
Sidewalk Construction 191,502
TIF #18 - SW Industrial #3 1,406,957
TIF #21 - Fox River Corridor 404,332
TIF #23 - SW Industrial Park 1,017,878
TIF #25 - City Center Hotel 1,758,767
TIF #26 - Aviation Business Park 2,364,929
TIF #27 - North Main Street 1,813,403
TIF #29 - Morgan District 95
TIF #31 - Buckstaff Redevelopment 88,396
TIF #35 - Oshkosh Ave Corridor 1,064,919
TIF #37 - Aviation Plaza 16,801
TIF #38 - Pioneer Redevelopment 12,150
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 2020 and 2021 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 2020
budget was 1.21%. The actual limit for the City for the 2021 budget was 1.82%. 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, 2020
47
The carrying amount of the City’s cash and investments totaled $196,595,177 on December 31, 2020 as summarized
below:
Petty cash and cash on hand 39,283$
Deposits with financial institutions 140,745,257
Investments
US Treasury Securities 6,361,118
Federal Farm Credit 374,211
Federal Home Loan Bank 330,487
Federal Home Loan Mortgage Corporation 1,312,690
Federal National Mortgage Association 46,468
Money market mutual funds 371,834
Municipal bonds 6,775,010
Negotiable CDs 6,215,193
Mutual funds 3,560,631
Oshkosh Community Foundation 4,586,754
Corporate stocks and bonds 699,293
Wisconsin local government investment pool 10,149,954
WISC - Investment Series 15,026,994
196,595,177$
Reconciliation to the basic financial statements:
Government-wide Statement of Net Position
Cash and investments 153,288,859$
Restricted cash and investments 21,785,724
Component Unit
Redevelopment Authority 132,325
Fiduciary Funds Statement of Net Position
Cash and investment 21,388,268
196,595,176$
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,
2020:
Level 1 Level 2 Level 3
Investments
US Treasuries 6,361,118$ -$-$
Federal Farm Credit - 374,211 -
Federal Home Loan Bank - 330,487 -
Federal Home Loan Mortgage Corporation - 1,312,690 -
Federal National Mortgage Association - 46,468 -
Money market mutual funds 371,834 - -
Municipal bonds - 6,775,010 -
Negotiable CDs - 6,215,193 -
Mutual funds 3,560,631 - -
Oshkosh Community Foundation - - 4,586,754
Corporate stocks and bonds - 699,293 -
10,293,583$ 15,753,352$ 4,586,754$
Fair Value Measurements Using:
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
48
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, 2020, $134,532,209 of the City’s deposits with financial institutions were in excess of federal and
state depository insurance limits. $127,247,301 was collateralized with securities held by the pledging financial
institution or its trust department or agent but not in the City’s name. The remaining $7,284,908 was not collateralized
with securities held by the pledging financial institution or its trust department or agent but not in the City’s name.
Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment.
This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Wisconsin
statutes limit investment in securities to the top two ratings assigned by nationally recognized statistical rating
organizations. The City minimizes credit risk by requiring the diversification of the investment portfolio so that the impact
of potential losses from any one type of security or from any one individual issuer will be minimized. Presented below is
the actual rating as of the year-end for each investment type.
Not
Investment Type Amount AAA Aa Other Rated
US Treasuries 6,361,118 4,303,354$ 2,057,764$ -$ -$
Federal Farm Credit 374,211 -374,211 - -
Federal Home Loan Bank 330,487 -330,487 - -
Federal Home Loan Mortgage Corporation 1,312,690 -1,312,690 - -
Federal National Mortgage Association 46,468 -46,468 - -
Money market mutual funds 371,834 4,000 - - 367,834
Municipal bonds 6,775,010 1,016,102 4,712,381 1,046,527 -
Negotiable CDs 6,215,193 - - 3,129,053 3,086,140
Mutual funds 3,560,631 - - - 3,560,631
Oshkosh Community Foundation 4,586,754 - - - 4,586,754
Corporate stocks and bonds 699,293 - - - 699,293
Wisconsin Local Government
Investment Pool 10,149,954 - - - 10,149,954
WISC - Investment Series 15,026,994 - - - 15,026,994
Totals 55,810,637$ 5,323,456$ 8,834,001$ 4,175,580$ 37,477,600$
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, by timing cash flows from maturities so that a portion of the portfolio is
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
49
maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for
operations and ensuring the majority of investments have a maturity period of less than 5 years with a weighted maturity
period not to exceed 3 years.
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
US Treasuries 6,361,118$ 6,180,035$ -$ 181,083$ -$
Federal Farm Credit 374,211 - 374,211 - -
Federal Home Loan Bank 330,487 - - 330,487 -
Federal Home Loan Mortgage Corporation 1,312,690 - - 1,312,690 -
Federal National Mortgage Association 46,468 - 46,468 - -
Money market mutual funds 371,834 371,834 - - -
Municipal bonds 6,775,010 1,895,641 1,561,984 3,132,018 185,367
Negotiable CDs 6,215,193 4,096,738 1,558,043 560,412 -
Mutual funds 3,560,631 3,560,631 - - -
Oshkosh Community Foundation 4,586,754 4,586,754 - - -
Corporate stocks and bonds 699,293 699,293 - - -
Wisconsin Local Government
Investment Pool 10,149,954 10,149,954 - - -
WISC - Investment Series 15,026,994 15,026,994 - - -
Totals 55,810,637$ 46,567,874$ 3,540,706$ 5,516,690$ 185,367$
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 374,211$
Federal Home Loan Bank 330,487
Federal Home Loan Mortgage Corporation 1,312,690
Federal National Mortgage Association 46,468
Investments in Wisconsin Local Government Investment Pool
The City has investments in the Wisconsin Local Government Investment Pool of $10,149,954 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, 2020, the fair value of the City’s share of the LGIP’s
assets was substantially equal to the carrying value.
Investment in Wisconsin Investment Series Cooperation
The City has investments in the Wisconsin Investment Series Cooperative (WISC) of $15,026,994 at year-end
consisting of $15,026,994 invested in the Investment Series. The Cash Management Series has no minimum
investment period, allows check writing privileges, and the average dollar weighted maturity is ninety (90) days or less.
The Investment Series requires a 14 day minimum investment period and one business day withdrawal notice, and the
average dollar weighted maturity is one hundred twenty (120) days or less.
WISC is organized by and operated exclusively for Wisconsin public schools, technical colleges, and municipal entities.
WISC is not registered with the Securities and Exchange Commission, but operates under Wisconsin International
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
50
Cooperate Statute, Wisconsin Statute, Section 66.031. WISC is governed by the Wisconsin Investment Series
Cooperative Commission in accordance with the terms of the Intergovernmental Cooperation Agreement. WISC invests
City funds in accordance with Wisconsin law. WISC investments are valued at amortized cost, which approximates
market value.
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, 2020 totaled $21,785,724 and consisted of cash and investments held for the
following purposes:
Funds Amount Purpose
Enterprise Funds
Water Utility
Plant replacement 1,139,925$ To account for funds specified for plant replacement
projects in subsequent years
Bond redemption fund 5,110,173 To be used for principal and interest payments of
water utility revenue bonds
Depreciation fund 150,266 To be used for the replacement of certain assets for
the City's water distribution plant
Total Water Utility 6,400,364
Sewer Utility
Bond redemption fund 5,725,051 To be used for principal and interest payments of
sanitary sewer utility revenue bonds
DNR replacement 2,065,384 To be used for the replacement of certain assets for
the City's sanitary sewer system.
Total Sewer Utility 7,790,435
Storm Water Utility
Bond redemption fund 7,594,925 To be used for principal and interest payments of
storm water utility revenue bonds
Total Enterprise Funds 21,785,724$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
51
C. CAPITAL ASSETS
Capital asset activity for the year ended December 31, 2020 was as follows:
Beginning Ending
Balance Increases Decreases Balance
Governmental activities:
Capital assets, nondepreciable:
Land 20,787,450$ 62,897$ -$ 20,850,347$
Construction in progress 3,925,983 50,929 2,973,765 1,003,147
Total capital assets, nondepreciable 24,713,433 113,826 2,973,765 21,853,494
Capital assets, depreciable:
Buildings, systems and land improvements 70,474,904 1,156,595 - 71,631,499
Infrastructure 105,906,271 10,648,810 4,330,290 112,224,791
Machinery and equipment 65,564,730 7,834,567 986,141 72,413,156
Subtotals 241,945,905 19,639,972 5,316,431 256,269,446
Less accumulated depreciation for:
Buildings, systems and land improvements 21,389,436 1,491,803 4,104 22,877,135
Infrastructure 42,943,225 6,968,029 4,330,290 45,580,964
Machinery and equipment 38,429,158 3,106,641 986,141 40,549,658
Subtotals 102,761,819 11,566,473 5,320,535 109,007,757
Total capital assets, depreciable, net 139,184,086 8,073,499 (4,104) 147,261,689
Governmental activities capital assets, net 163,897,519$ 8,187,325$ 2,969,661$ 169,115,183
Less: Capital related debt (111,770,557)
Less: Debt premium (3,886,389)
Less: Capital related accounts payable (534,782)
Add: Deferred charge on refunding 275,115
Net investment in capital assets 53,198,570$
Business-type activities:
Capital assets, nondepreciable:
Land 12,787,605$ 1,448,163$ -$ 14,235,768$
Construction in progress 16,421,290 22,408,867 28,435,032 10,395,125
Total capital assets, nondepreciable 29,208,895 23,857,030 28,435,032 24,630,893
Capital assets, depreciable:
Buildings, systems and land improvements 410,479,260 27,493,968 923,557 437,049,671
Machinery and equipment 60,835,689 1,399,062 - 62,234,751
Subtotals 471,314,949 28,893,030 923,557 499,284,422
Less accumulated depreciation for:
Buildings, systems and land improvements 102,390,095 8,050,365 896,802 109,543,658
Machinery and equipment 44,225,223 3,050,153 - 47,275,376
Subtotals 146,615,318 11,100,518 896,802 156,819,034
Total capital assets, depreciable, net 324,699,631 17,792,512 26,755 342,465,388
Business-type activities capital assets, net 353,908,526$ 41,649,542$ 28,461,787$ 367,096,281
Less: Capital related debt (196,602,871)
Less: Debt premium (8,010,386)
Add: Deferred charge on refunding 184,586
Net investment in capital assets 162,667,610$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
52
Depreciation expense was charged to functions of the City as follows:
Governmental activities
General government 482,667$
Public safety 1,366,922
Public works 6,373,691
Culture and recreation 1,529,375
Community development 1,813,818
Total depreciation expense - governmental activities 11,566,473$
Business-type activities
Transit utility 869,334$
Water utility 3,589,037
Sewer utility 3,884,811
Storm water utility 2,346,232
Other 298,200
Total depreciation expense - business-type activities 10,987,614
Water utility charged to other operating accounts 112,904
Total increase in accumulated depreciation 11,100,518$
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, 2020 are detailed below:
Interfund Interfund
Receivables Payables
Governmental funds
General 9,723,336$ -$
Nonmajor governmental
Special revenue 8,127 86,234
Capital projects 1,343,000 10,980,102
Permanent - 8,127
Internal service fund 454,928 454,928
Total governmental activities 11,529,391 11,529,391
Proprietary funds
Sewer utility 1,028,307 -
Nonmajor enterprise - 1,028,307
Total business-type activities 1,028,307 1,028,307
Totals 12,557,698$ 12,557,698$
Interfund transfers for the year ended December 31, 2020 were as follows:
Transfer Transfer
Fund In Out
Governmental funds
General 1,006,485$ 50,000$
Contact Control 13,575 -
Nonmajor governmental 3,203,425 2,340,867
Total governmental funds 4,223,485 2,390,867
Proprietary funds
Transit utility fund - 13,575
Water utility - 1,000,000
Nonmajor enterprise - 819,043
Total enterprise funds - 1,832,618
Totals 4,223,485$ 4,223,485$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
53
Interfund transfers were made for the following purposes:
Tax equivalent payment made by water utility to general fund 1,000,000$
Industrial Park to purchase land 819,043
Miscellaneous transfers as approved in annual budget process 2,404,442
4,223,485$
E.LOANS RECEIVABLES
Loans receivable of $5,028,738 in the Community Development Block Grant, Rental Rehabilitation Loan Program, and
Local Revolving Loan Program special revenue funds represents noninterest bearing loans made to City residents as
part of the City’s participation in the Community Block Grant Program for residential rehabilitation. These notes are
payable to the City at the time the property is sold or at the time the property is no longer occupied by the owner and is
due to the funding agency upon termination of the program.
F. LONG-TERM OBLIGATIONS
The following is a summary of changes in long-term obligations of the City for the year ended December 31, 2020:
Beginning Ending Due Within
Balance Issued Retired Balance One Year
Governmental activities:
General Obligation Debt
Bonds and notes 109,581,346$ 17,715,000$ 18,842,959$ 108,453,387$ 13,492,278$
Notes from direct borrowings 3,604,570 - 822,136 2,782,434 846,513
Total General Obligation Debt 113,185,916 17,715,000 19,665,095 111,235,821 14,338,791
Debt premium 3,297,441 953,237 364,335 3,886,343 -
Compensated absences 4,541,190 137,581 349,513 4,329,258 -
Governmental activities
Long-term obligations 121,024,547$ 18,805,818$ 20,378,943$ 119,451,422$ 14,338,791$
Business-type activities:
General Obligation Debt
Transit utility 1,026,000$ -$ 140,000$ 886,000$ 136,000$
Water utility 3,815,000 - 715,000 3,100,000 715,000
Sewer utility 5,470,000 - 1,025,000 4,445,000 850,000
Storm water utility 4,535,000 - 675,000 3,860,000 700,000
Parking utility 25,000 - -25,000 -
Oshkosh Redevelopment 210,000 - 210,000 - -
Industrial Park 500,000 - 100,000 400,000 105,000
Notes from direct borrowing
Oshkosh Redevelopment 1,450,000 - 25,000 1,425,000 177,715
Total General Obligation Debt 17,031,000 - 2,890,000 14,141,000 2,683,715
Revenue bonds
Water utility 46,015,000 5,525,000 3,405,000 48,135,000 3,720,000
Sewer utility 54,095,000 13,930,000 3,255,000 64,770,000 3,870,000
Storm water utility 78,655,000 4,770,000 3,980,000 79,445,000 4,370,000
Notes from direct borrowing
Water utility 4,305,692 - 607,244 3,698,448 622,440
Sewer utility 5,695,376 - 451,804 5,243,572 462,811
Total revenue bonds 188,766,068 24,225,000 11,699,048 201,292,020 13,045,251
Debt premium
Water utility 1,963,680 325,598 151,258 2,138,020 -
Sewer utility 2,245,876 878,730 170,383 2,954,223 -
Storm water utility 2,838,398 289,274 209,529 2,918,143 -
Total debt premium 7,047,954 1,493,602 531,170 8,010,386 -
Compensated absences 1,060,435 116,288 73,254 1,103,469 -
Business-type activities
Long-term obligations 213,905,457$ 25,834,890$ 15,193,472$ 224,546,875$ 15,728,966$
Total interest paid during the year on long-term debt totaled $10,366,758.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
The City’s outstanding general obligation notes from direct borrowings of $6,717,434 are subject to a statutory provision
that in an event of late or non-payment, a one percent per month penalty will be charged and the payment will be
collected through a reduction in payments from the State of Wisconsin.
The City’s outstanding revenue notes from direct borrowings of $8,942,020 contain the following provisions in the event
of a default: 1) The Wisconsin Department of Administration can deduct amounts due from any state payments due to
the City or add the amounts due as a special charge to the property taxes apportioned; 2) may appoint a receiver for the
Program’s benefit; 3) may declare the principal amount immediately due and payable; 4) may enforce any right or
obligation under the financing agreement including the right to seek specific performance or mandamus; and 5) may
increase the interest rate set forth in the financing agreement to the market interest rate.
General Obligation Debt
General obligation debt currently outstanding is detailed as follows:
Date of Principal Interest Interest Original Balance
Issue payable payable Rates Indebtedness 12/31/20
Refunding bonds:
2010C 8/25/10 12/1/11 - 6/1/24 6/1 - 12/1 2.00 - 3.25% 12,620,000$ 1,195,000$
2010D 8/26/10 12/1/11 - 21 6/1 - 12/1 0.75 - 3.90% 8,420,000 650,000
2011A 3/16/11 12/1/11 - 22 6/1 - 12/1 2.00 - 3.50% 8,490,000 1,805,000
2011B 3/16/11 3/15/12 - 23 3/15 - 9/15 2.00 - 4.70% 6,350,000 1,030,000
2012A 6/28/12 12/1/13 - 27 6/1 - 12/1 0.40 - 3.00% 5,595,000 1,500,000
2016C 7/6/16 12/1/17 - 34 6/1 - 12/1 2.25 - 3.00% 9,850,000 8,620,000
2016H 10/6/16 12/1/17 - 30 6/1 - 12/1 3.00 - 4.00% 6,890,000 5,265,000
Corporate purpose bonds:
2012B 11/1/12 12/1/13 - 31 6/1 - 12/1 2.00 - 3.00% 12,480,000 7,495,000
2013B 12/4/13 12/1/14 - 33 6/1 - 12/1 2.00 - 4.00% 9,080,000 6,465,000
2014B 11/5/14 12/1/15 - 33 6/1 - 12/1 2.00 - 3.00% 14,455,000 8,845,000
2015A 7/15/15 12/1/16 - 34 6/1 - 12/1 2.00 - 4.00% 18,750,000 12,770,000
2016A 6/14/16 12/1/17 - 35 6/1 - 12/1 2.00 - 4.00% 7,950,000 3,710,000
2017A 7/6/17 12/1/18 - 36 6/1 - 12/1 3.00 - 4.00% 5,440,000 4,575,000
2018A 6/28/18 12/1/18 - 37 6/1/ - 12/1 3.00 - 3.50% 5,545,000 5,075,000
2019A 6/27/19 12/1/20 - 38 6/1/ - 12/1 2.75 - 4.00% 5,380,000 4,925,000
2020A 7/1/20 6/1/21 - 40 6/1/ - 12/1 2.00 - 3.00% 10,425,000 10,425,000
Promissory notes:
STFL 05 5/31/05 3/15/07 - 25 3/15 5.00%200,000 68,807
2011D 11/1/11 6/1/12 - 21 6/1 - 12/1 2.35%2,895,000 325,000
2012C 11/1/12 12/1/13 - 21 6/1 - 12/1 2.00%3,660,000 425,000
STFL 13 3/8/13 3/15/14 - 22 3/15 2.75%2,000,000 488,915
STFL 13 4/3/13 3/15/14 - 23 3/15 2.75%640,000 210,280
STFL 13 11/19/13 3/15/14 - 23 3/15 2.75%2,644,100 962,194
2013C 12/4/13 12/1/14 - 23 6/1 - 12/1 2.00 - 3.00% 1,690,000 545,000
2014C 11/5/14 12/1/15 - 23 6/1 - 12/1 2.00%2,615,000 910,000
STFL 15 2/17/15 3/15/16- 24 3/15 3.50%1,250,000 605,045
2015B 7/15/15 12/1/16 - 24 6/1 - 12/1 2.00 - 3.00% 4,210,000 1,955,000
STFL 16 7/19/16 3/15/17- 26 3/15 3.00%711,300 447,193
2016B 9/14/16 12/1/17 - 25 6/1 - 12/1 2.00 - 4.00% 4,700,000 2,690,000
2017B 7/6/17 12/1/18 - 26 6/1 - 12/1 2.00 - 4.00% 5,830,000 3,935,000
STFL CONV CENTER 8/21/17 3/15/18 - 27 3/15 4.50%1,500,000 1,425,000
2018B 6/28/18 12/1/19 - 27 6/1-12/1 3.00 - 4.00% 5,895,000 4,610,000
2018SBA 11/1/18 11/1/18 - 32 11/1 4.00%140,000 124,387
2019B 6/27/19 12/1/19 - 28 6/1-12/1 3.00 - 4.00% 15,820,000 14,010,000
2020B 7/1/20 6/1/21 - 30 6/1/ - 12/1 2.00 - 3.00% 7,290,000 7,290,000
Total Outstanding General Obligation Deb 125,376,821$
54
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
55
Annual principal and interest maturities of the outstanding general obligation debt of $125,376,821 on December 31,
2020 are detailed below:
December 31,
Year Ended Principal Interest Principal Interest Total
2021 $13,492,278 $3,319,490 $846,513 $83,721 $17,742,002
2022 11,423,609 2,745,764 871,391 58,911 15,099,675
2023 11,028,954 2,411,717 642,340 33,362 14,116,373
2024 10,414,312 2,086,497 249,082 14,091 12,763,982
2025 9,884,684 1,780,195 92,960 5,496 11,763,335
2026 - 2030 34,959,553 5,315,555 80,148 2,404 40,357,660
2031 - 2035 14,749,997 1,442,522 - - 16,192,519
2036 - 2040 2,500,000 135,931 - - 2,635,931
108,453,387$ 19,237,671$ 2,782,434$ 197,985$ $130,671,477
December 31,
Year Ended Principal Interest Principal Interest Total
2021 $2,506,000 $380,113 $177,715 $64,125 $3,127,953
2022 2,250,000 300,596 185,712 56,128 2,792,436
2023 1,755,000 232,219 194,069 47,771 2,229,059
2024 1,485,000 180,395 202,695 39,145 1,907,235
2025 1,220,000 137,357 211,923 29,916 1,599,196
2026 - 2030 2,840,000 261,794 452,886 30,794 3,585,474
2031 - 2034 660,000 41,213 - - 701,213
12,716,000$ 1,533,687$ 1,425,000$ 267,879$ $15,942,566
Bonded and General Debt Notes from Direct Borrowings
Business Type Activities
Governmental Activities
Bonded and General Debt Notes from Direct Borrowings
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, 2020 was $97,635,384 as
follows:
Equalized valuation of the City 4,460,244,100$
Statutory limitation percentage (x)5%
General obligation debt limitation, per Section 67.03 of the
Wisconsin Statutes 223,012,205
Outstanding general obligation debt applicable to debt limitation 125,376,821
Legal margin for new debt 97,635,384$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
56
Revenue Bonds
Revenue bonds outstanding on December 31, 2020 totaled $201,292,020 and were comprised of the following issues:
Issue Year of Principal Interest Interest Original Balance
Number Issue Payable Payable Rates Indebtedness 12/31/20
Water Utility
Safe Drinking Revenue Bond 4874-98 2001 5/1/02 - 21 5/1 & 11/1 2.97% 3,483,913 222,671$
Safe Drinking Revenue Bond 4874-02 2008 5/1/10 - 28 5/1 & 11/1 2.75% 1,344,824 3,475,776
Revenue Bond 2012F 2012 1/1/14 - 32 1/1 & 7/1 0.85 - 5.15% 5,430,000 3,570,000
Revenue Bond 2013E 2013 1/1/15 - 33 1/1 & 7/1 2.25 - 3.125% 3,785,000 2,395,000
Revenue Bond 2014E 2014 1/1/16 - 34 1/1 & 7/1 2.00 - 4.125% 3,795,000 2,485,000
Revenue Bond 2015E 2015 1/1/16 - 35 1/1 & 7/1 2.00 - 4.00% 6,660,000 5,390,000
Revenue Bond 2016F 2016 1/1/17 - 36 1/1 & 7/1 3.00 - 4.00% 6,835,000 5,700,000
Refunding Revenue Bond 2016G 2016 1/1/17 - 30 1/1 & 7/1 2.00 - 3.00% 11,690,000 7,730,000
Revenue Bond 2017C 2017 1/1/18 - 37 1/1 & 7/1 2.00 - 4.00% 8,880,000 7,750,000
Revenue Bond 2019 D 2019 1/1/20 - 37 1/1 & 7/1 3.00 - 5.00% 8,220,000 7,590,000
Revenue Bond 2020 D 2020 1/1/21 - 40 1/1 & 7/1 2.00 - 4.00% 5,525,000 5,525,000
Sewer Utility
Clean Water Revenue Bond 4130-05 2004 5/1/05 - 24 5/1 & 11/1 2.396% 1,989,231 817,058
Revenue Bond 2012E 2012 5/1/13 - 32 5/1 & 11/1 2.25 - 3.00% 6,270,000 3,805,000
Revenue Bond 2013D 2013 1/1/14 - 33 5/1 & 11/1 2.00 - 4.125% 4,175,000 2,815,000
Revenue Bond 2014D 2014 5/1/15 - 34 5/1 & 11/1 2.00 - 4.00% 5,980,000 4,426,515
Clean Water Revenue Bond 4130-14 2014 5/1/15 - 34 5/1 & 11/1 2.625% 5,706,185 4,255,000
Revenue Bond 2015D 2015 5/1/16 - 35 5/1 & 11/1 2.00 - 4.00% 6,695,000 5,270,000
Revenue Bond 2016D 2016 5/1/17 - 36 5/1 & 11/1 2.00 - 3.00% 10,045,000 8,165,000
Revenue Bond 2017D 2017 5/1/18 - 37 5/1 & 11/1 3.00 - 5.00% 15,075,000 13,555,000
Revenue Bond 2019E 2019 5/1/20 - 39 5/1 & 11/1 2.00 - 4.00% 13,990,000 12,975,000
Revenue Bond 2020E 2020 5/1/21 - 40 5/1 & 11/1 2.00 - 4.00% 13,930,000 13,930,000
Storm Water Utility
Revenue Bond 2012D 2012 5/1/13 - 32 5/1 & 11/1 3.00 - 3.12% 6,810,000 4,545,000
Revenue Bond 2013A 2013 1/1/14 - 33 5/1 & 11/1 3.00 - 4.125% 15,220,000 11,110,000
Revenue Bond 2014A 2014 5/1/15 - 34 5/1 & 11/1 2.00 - 4.00% 8,300,000 6,420,000
Revenue Bond 2015C 2015 5/1/16 - 35 5/1 & 11/1 3.00 - 4.00% 13,115,000 10,090,000
Revenue Bond 2016E 2016 5/1/17 - 36 5/1 & 11/1 2.00 - 3.00% 5,175,000 4,360,000
Refunding Revenue Bond 2016E 2016 5/1/17 - 30 5/1 & 11/1 2.00 - 4.00% 15,295,000 11,900,000
Revenue Bond 2017E 2017 5/1/18 - 37 5/1 & 11/1 3.00 - 5.00% 9,720,000 8,810,000
Revenue Bond 2018C 2018 5/1/19 - 38 5/1 & 11/1 4.00 - 5.00% 10,060,000 9,540,000
Revenue Bond 2019C 2019 5/1/20 - 39 5/1 & 11/1 3.00 - 5.00% 8,060,000 7,900,000
Revenue Bond 2020C 2020 5/1/21 - 40 5/1 & 11/1 2.00 - 4.00% 4,770,000 4,770,000
Total Outstanding Revenue Bonds 201,292,020$
Annual principal and interest maturities of the outstanding revenue bonds of $201,292,020 on December 31, 2020 are
detailed below:
Year Ended
December 31, Principal Interest Principal Interest Total
2021 11,960,000$ 6,202,647$ 1,085,251$ 210,471$ 19,458,369$
2022 12,000,000 5,651,369 883,731 185,997 18,721,097
2023 12,030,000 5,248,141 905,403 164,059 18,347,603
2024 12,240,000 4,834,293 927,608 141,582 18,143,483
2025 12,390,000 4,413,497 733,713 121,147 17,658,357
2026 - 2030 62,725,000 15,775,657 2,973,748 344,268 81,818,673
2031 - 2035 49,190,000 6,697,908 1,432,566 76,428 57,396,902
2036 - 2040 19,815,000 506,900 - -20,321,900
192,350,000$ 49,330,412$ 8,942,020$ 1,243,952$ 251,866,384$
Bonded Debt Notes from Direct Borrowing
Business Type Activities
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
57
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 2040. 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 15,576,609$ 15,285,307$ 11,599,453$
Other income 131,718 215,927 235,949
Total revenues 15,708,327 15,501,234 11,835,402
Less: Operating expenses & taxes 6,296,256 6,211,585 2,298,155
Net customer revenues 9,412,071$ 9,289,649$ 9,537,247$
Debt service
Principal 4,012,244$ 3,706,804$ 3,980,000$
Interest 1,505,815 1,905,916 2,769,217
Total debt service 5,518,059$ 5,612,720$ 6,749,217$
Remaining principal and interest 63,325,409$ 87,529,270$ 101,011,705$
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, 2020
58
H. PENSION PLAN
1. Plan Description
The Wisconsin Retirement System (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 WRS Financial Report, which can be found at http://etf.wi.gov/about/reports-and-
studies/financial-reports-and-statements.
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 and 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, 2020
59
Year Core Fund Adjustment (%) Variable Fund Adjustment (%)
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 2.0 4
2018 2.4 17
2019 0.0 (10)
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, 2020, the WRS recognized $3,794,808 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, 2020, the City reported an asset of $10,997,378 for its proportionate share of the net pension
asset. The net pension asset was measured as of December 31, 2019, and the total pension liability used to
calculate the net pension asset was determined by an actuarial valuation as of December 31, 2018 rolled forward to
December 31, 2019. No material changes in assumptions or benefit terms occurred between the actuarial valuation
date and the measurement date. The City’s proportion of the net pension asset was based on the City’s share of
contributions to the pension plan relative to the contributions of all participating employers. At December 31, 2019,
the City’s proportion was 0.34044120%, which was an increase of 0.00529140% from its proportion measured as of
December 31, 2018.
For the year ended December 31, 2020, the City recognized pension expense of $4,127,816.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
60
At December 31, 2020, the City reported deferred outflows of resources and deferred inflows of resources related
to pensions from the following sources:
Deferred Outflows Deferred Inflows
of Resources of Resources
Differences between expected and actual experience 20,837,574$ 10,427,811$
Net differences between projected and actual
earnings on pension plan investments - 22,441,664
Changes in assumptions 855,429 -
Changes in proportion and differences between
employer contributions and proportionate share
of contributions 16,941 69,198
Employer contributions subsequent to the
measurement date 3,794,808 -
Total 25,504,752$ 32,938,673$
$3,794,808 reported as deferred outflows related to pension resulting from the City’s contributions subsequent to
the measurement date will be recognized as a reduction of the net pension liability (asset) in the year ended
December 31, 2021. Other amounts reported as deferred outflows of resources and deferred inflows of resources
related to pension will be recognized in pension expense as follows:
Year Ended
December 31, Expense
2021 (3,342,423)$
2022 (2,484,543)
2023 372,020
2024 (5,773,783)
Total (11,228,729)$
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, 2018
Measurement Date of Net Pension Asset:December 31, 2019
Actuarial Cost Method:Entry Age Normal
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, 2020
61
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. The total pension liability for December 31, 2019 is based upon a roll-
forward of the liability calculated from the December 31, 2018 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 geometric 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%5.1%
Fixed income 24.5%4.9%2.1%
Inflation sensitive assets 15.5%4.0%1.2%
Real estate 9%6.3%3.5%
Private equity/debt 8%10.6%7.6%
Multi-asset 4%6.9%4.0%
Cash -10%0.9%N/A
Total Core Fund 100%7.5%4.6%
Variable Fund Asset Class
U.S. equities 70%7.5%4.6%
International equities 30%8.2%5.3%
Total Variable Fund 100%7.8%4.9%
New England Pension Consultants Long Term US CPI (Inflation) Forecast: 2.75%
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 for the
current and prior year. This single discount rate is based on the expected rate of return on pension plan
investments of 7.00% and a long-term bond rate of 2.75% (Source: Fixed-income municipal bonds with 20 years to
maturity that include only federally tax-exempt municipal bonds as reported in Fidelity Index’s “20 year Municipal
GO AA Index” as of December 31. 2019. In describing this index, Fidelity notes that the Municipal Curves are
constructed using option-adjusted analytics of a diverse population of over 10,000 tax-exempt securities.). 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.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
62
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)28,268,711$ (10,977,378)$ (40,318,344)$
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, 2020, the City reported a payable of $787,772 for the outstanding amount of contributions to the
pension plan for the year ended December 31, 2020.
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 2020 was approximately $5,119. The total estimated future costs to the City of this plan as of
December 31, 2020 is not determinable.
I. OTHER POSTEMPLOYMENT BENEFITS
The City reports OPEB related balances at December 31, 2020 as summarized below:
Deferred Deferred
OPEB Outflows of Inflows of OPEB
Liability Resources Resources Expense
Local Retiree Life Insurance Fund (LRLIF) 2,973,118$ 1,175,856$ 496,808$ 313,892$
Single-employer defined OPEB plan 5,316,615 1,296,740 1,556,277 492,757
Total OPEB balances 8,289,733$ 2,472,596$ 2,053,085$ 806,649$
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.
Separate financial statements for the plan are not issued.
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, 2020
63
Employees Covered by Benefit Terms
At December 31, 2020, the following employees were covered by the benefit terms:
Inactive employees or beneficiaries currently receiving benefit payments 43
Active employees 581
624
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, 2019, and the total OPEB liability was determined
by an actuarial valuation as of December 31, 2020.
Actuarial Assumptions. The total OPEB liability in the December 31, 2020 actuarial valuation was determined
using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise
specified:
Valuation date:December 31, 2020
Measurement date:December 31, 2019
Interest discount rate:2.74%
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.
Actuarial cost method Entry Age Normal
Mortality rates are the same as those used in the December 2019 Wisconsin Retirement System’s annual report.
The actuarial assumptions used in the December 31, 2020 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 2.74%. 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 2.74%. 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, 2020
64
Changes in the Total OPEB Liability
Increase (Decrease)
Total OPEB
Liability
Balance at January 1, 2020 5,074,715$
Changes for the year:
Service cost 306,053
Interest 217,806
Effect of liability gains or losses 1,344,242
Effect of assumption changes (1,487,994)
Benefit payments (138,207)
Net changes 241,900
Balance at December 31, 2020 5,316,615$
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 (1.74%) or 1-
percentage-point higher (3.74%) than the current rate:
1% Decrease to Current 1% Increase to
Discount Rate Discount Rate Discount Rate
(1.74%) (2.74%) (3.74%)
Total OPEB liability 5,740,898$ 5,316,615$ 4,917,074$
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 4,768,503$ 5,316,615$ 5,958,315$
OPEB Expense and Deferred Outflows of Resources Related to OPEB
For the year ended December 31, 2020, the City recognized OPEB expense of $492,757. At December 31, 2020,
the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the
following sources:
Deferred Outflows Deferred Inflows
of Resources of Resources
Differences between expected and actual experience 1,201,390$ -$
Changes in assumptions 95,350 1,556,277
Total 1,296,740$ 1,556,277$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
65
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
2021 (31,102)$
2022 (31,102)
2023 (31,102)
2024 (31,102)
2025 (31,102)
Thereafter (104,027)
Total (259,537)$
Payable to the OPEB Plan
At December 31, 2020, the City reported no payable of for the outstanding amount of contribution to the Plan
required for the year ended December 31, 2020.
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 members.
OPEB Plan Fiduciary Net Positon
ETF issues a standalone Comprehensive Annual Financial Report, which can be found at
http://etf.wi.gov/publications/cafr.htm.
Additionally, ETF issued a standalone Retiree Life Insurance Financial Report, which can be found at
https://etfonline.wi.gov/ETFGASBPublicWeb/gasb75Local.do.
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 member 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, 2020 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, 2020
66
Member contributions are based upon nine age bands through age 69 and an additional eight age bands for those
age 70 and over. Participating members must pay monthly contribution rates per $1,000 of coverage until the age
of 65 (age 70 if active). The member contribution rates in effect for the year ended December 31, 2019 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
Member Contribution Rates
For the Year Ended December 31, 2019
During the reporting period, the LRLIF recognized $12,622 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, 2020, the City reported a liability of $2,973,118 for its proportionate share of the net OPEB
liability. The net OPEB liability was measured as of December 31, 2019, and the total OPEB liability used to
calculate the net OPEB liability was determined by an actuarial valuation as of January 1, 2019 rolled forward to
December 31, 2019. 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,
2019, the City’s proportion was 0.69821100%, which was a decrease of 0.01438000% from its proportion
measured as of December 31, 2018.
For the year ended December 31, 2020, the City recognized OPEB expense of $313,892.
At December 31, 2020, the City reported deferred outflows of resources and deferred inflows of resources related
to OPEB from the following sources:
Deferred Outflows Deferred Inflows
of Resources of Resources
Differences between expected and actual experience -$ 133,193$
Net differences between projected and actual
earnings on OPEB plan investments 56,083 -
Changes in assumptions 1,096,797 327,021
Changes in proportion and differences between
employer contributions and proportionate share
of contributions 22,976 36,594
Total 1,175,856$ 496,808$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
67
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
2021 117,481$
2022 117,481
2023 111,434
2024 105,206
2025 84,202
Thereafter 143,244
Total 679,048$
Actuarial assumptions. The total OPEB liability in the January 1, 2019 actuarial valuation was determined using the
following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:
Actuarial valuation date:January 1, 2019
Measurement date of net OPEB liability (asset):December 31, 2019
Actuarial cost method:Entry age normal
20 year tax-exempt municipal bond yield:2.74%
Long-term expected rate of return:4.25%
Discount rate:2.87%
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. The total OPEB liability for December 31, 2019, is based upon a roll-
forward of the liability calculated from the January 1, 2019, 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, 2020
68
Long-term
Target Expected Geometric
Asset Class Index Allocation Real Rate of Return %
U.S. Credit Bonds Barclays Credit 45%2.12%
U.S. Long Credit Bonds Barclays Long Credit 5%2.90%
U.S. Mortgages Barclays MBS 50%1.53%
Inflation 2.20%
Long-term expected rate of return 5.00%
Local OPEB Life Insurance
Asset Allocation Targets and Expected Returns
As of December 31, 2019
The long-term expected rate of return decreased slightly from 5.00% in the prior year to 4.25% in the current year.
This change was primarily based on the target asset allocation and capital market expectations. The expected
inflation rate also decreased slightly from 2.30% in the prior year to 2.20% in the current year. 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.
Single discount rate. A single discount rate of 2.87% was used to measure the Total OPEB Liability for the current
year, as opposed to a discount rate of 4.22% for the prior year. The significant change in the discount rate was
primarily caused by the decrease in the bond rate from 4.10% as of December 31, 2018 to 2.74% as of December
31, 2019. 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.
The projection of cash flows used to determine the single discount rate assumed that employer contributions will be
made according to the current employer contribution schedule and that contributions are made by plan members
retiring prior to age 65
Sensitivity of the City’s proportionate share of net OPEB liability to changes in the discount rate. The following
presents the City’s proportionate share of the net OPEB liability calculated using the discount rate of 2.87%, as well
as what the City’s proportionate share of the net OPEB liability would be if it were calculated using a discount rate
that is 1-percentage-point lower (1.87) or 1-percentage-point higher (3.87%) than the current rate:
1% Decrease to Current 1% Increase to
Discount Rate Discount Rate Discount Rate
(1.87%) (2.87%) (3.87%)
City's proportionate share of
the net OPEB liability 4,105,378$ 2,973,118$ 2,111,689$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
69
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, 2020, the City reported payable of $21,609 for the outstanding amount of contribution to the Plan
required for the year ended December 31, 2020.
J. FUND EQUITY
Nonspendable Fund Balance
In the fund financial statements, portions of the governmental fund balances are amounts that cannot be spent because
they are either 1) not in spendable form or 2) legally or contractually required to be maintained intact. At December 31,
2020, nonspendable fund balance was as follows:
General Fund
Nons endable
Inventories and re aid items 220,529$
Ca ital Pro ect Fund
Nons endable
Utilit s ecial assessment receivables 113,993
Total Nons endable Fund Balance 334,522$
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, 2020, restricted fund balance was as follows:
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
70
Debt Service Fund
Restricted fo
Debt retiremen 124,348$
Nonma or Governmental Funds
S ecial Revenue Funds
Restricted fo
Committee On A in 114,282
Business Im rovement District 77,494
Communit Develo ment Block Grant 70,209
Rental Rehabilitation Loan Pro ram 221,280
Local Revolvin Loan Pro ram 1,258,051
Police S ecial Funds 182,761
EMS Fire Grant 270,729
Communit Develo ment S ecial 114,998
Health Nei hborhood Initiative 212,378
Subtotal 2,522,182
Ca ital Pro ects Funds
Restricted fo
Tax Incremental District No. 8 46,001
Tax Incremental District No. 10 39,659
Tax Incremental District No. 11 52,120
Tax Incremental District No. 12 791,913
Tax Incremental District No. 13 122,406
Tax Incremental District No. 14 829,835
Tax Incremental District No. 15 2,705,171
Tax Incremental District No. 16 516,801
Tax Incremental District No. 17 507,590
Tax Incremental District No. 19 422,006
Tax Incremental District No. 20 3,319,829
Tax Incremental District No. 24 45,202
Tax Incremental District No. 28 2,943
Tax Incremental District No. 30 5,840
Tax Incremental District No. 32 1,430
Tax Incremental District No. 33 67,659
Tax Incremental District No. 34 734,959
Tax Incremental District No. 36 2,479
Tax Incremental District No. 39 9,000
Subtotal 10,222,843
Permanent Fund
Restricted fo
Trust fund s ecific ur oses 11,636,360
Total Restricted Fund Balance 24,505,733$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
71
Committed Fund Balance
In the fund financial statements, portions of government fund balances are committed by County Board action. At
December 31, 2020, General Fund balance was committed as follows:
Nonmajor Governmental Funds
Special Revenue Funds
Committed for
Recycling 1,737,018$
Street Lighting 186,210
Library 532,702
Museum 878,443
Cemetery 29,192
Senior Center Revolving Loans 123,261
Parks Revenue Facilities 390,738
Leach Amphitheater 40,207
Garbage Disposal 129,024
Pollock Water Park 81,952
Healthy Neighborhood Initiative 3,908,995
Assigned Fund Balance
Portions of governmental fund balances have been assigned to represent tentative management plans that are subject
to change. At December 31, 2020, fund balance was assigned as follows:
General Fund
Assigned for subsequent year's expenditures 43,958$
Nonmajor Governmental Funds
Capital Projects Funds
Assigned for subsequent year's expenditures
Capital Improvements
Special Assessment Improvement 5,129,525
Contract Control 3,861,808
Sidewalk Construction
Street Improvement 7,915,247
Street Tree 7,020
Equipment 10,713,945
Park Improvement and Acquisition 2,416,808
Park Subdivision Improvement 398,199
Mct Rochlin Park Smokestack 2,000
Senior Center 127,776
Grand Opera House 36,506
Parking Ramp Improvements 323,609
Subtotal 30,932,443
Total 30,976,401$
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
72
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 2021 General Fund Revenues 48,720,800$
Minimum Fund Balance %(x)16%
Minimum Fund Balance Amount 7,795,328$
The City’s unassigned general fund balance of $16,931,202 is above the minimum fund balance amount.
Net Position
The City reports restricted net position at December 31, 2020 as follows:
Governmental Activities
Restricted for
TIF District Expenditures 10,222,843$
Committee on Aging 114,282
Business Improvement District 77,494
Police special funds 182,761
EMS Fire grant 270,729
Community development 114,998
Healthy neighborhood 212,378
Trust agreements 11,636,360
Revolving loans 6,578,278
Pension 9,421,673
Total Governmental Activities Restricted Net Position 38,831,796
Business-type Activities
Restricted for
Construction of assets
Debt service -
Net Pension Asset 1,555,705
Total Business-type Activities Restricted Net Position 1,555,705
Total Restricted Net Position 40,387,501$
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, 2020
73
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
Year
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
TID No. 39 2048
B. TAX ABATEMENTS
The City has created 27 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, 2020, the City abated property taxes totaling $1,611,779
under this program which include the following tax abatement agreements:
A property tax abatement of $280,485 to a developer within Tax Incremental District No. 14.
A property tax abatement of $63,797 to a developer within Tax Incremental District No. 21.
A property tax abatement of $283,244 to a developer within Tax Incremental District No. 24.
A property tax abatement of $12,499 to a developer within Tax Incremental District No. 27.
A property tax abatement of $39,742 to a developer within Tax Incremental District No. 28.
A property tax abatement of $35,357 to a developer within Tax Incremental District No. 30.
A property tax abatement of $431,608 to a developer within Tax Incremental District No. 31.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
74
A property tax abatement of $10,811 to a developer within Tax Incremental District No. 32.
A property tax abatement of $201,828 to a developer within Tax Incremental District No. 33.
A property tax abatement of $252,408 to a developer within Tax Incremental District No. 34.
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. Settled claims have not exceeded the commercial
coverage in any of the past three years.
The Coronavirus Disease 2019 (COVID-19) has affected global markets, supply chains, employees of organizations,
and local communities. Specific to the City, COVID-19 may impact parts of its 2021 operations and financial results.
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 estimates as of August 2, 2021.
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 $1,894,584 at December 31, 2020 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, 2020, 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 2019 to the funds’ claims liability in 2020, with an ending balance of $0.
F. SUBSEQUENT EVENT
Subsequent to year end the City issued the following long term debt issuances:
$8,660,000 General Obligation Corporate Purpose Bonds, Series 2021A dated June 30, 2021, to finance various
capital project expenditures.
City of Oshkosh, Wisconsin
NOTES TO BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2020
75
$5,500,000 General Obligation Promissory Notes, Series 2021B dated June 30, 2021, to finance various capital
project expenditures.
$7,160,000 Storm Water Utility Revenue Bonds, Series 2021C dated June 30, 2021, to finance various storm water
utility projects.
$5,605,000 Water System Revenue Bonds, Series 2021D dated July 14, 2021, to finance various water utility
capital projects
$13,940,000 Sewer System Revenue Bonds, Series 2021E dated July 14, 2021, to finance various sewer utility
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.
H. PRIOR PERIOD ADJUSTMENT
The City recorded a prior period adjustment of $3,436,793 in the proprietary funds and government wide financial
statements. This adjustment reflects a deduction of net position of $3,436,793 to reflect a prior duplicate recording of
capital assets in the City’s Sewer Utility.
The City also recorded a prior period adjustment of $9,611,835 within the Redevelopment Authority, a discreetly
presented component unit of the City of Oshkosh. This adjustment reflects a deduction of net position of $9,611,835 to
reflect errors in the capital assets owned by the Redevelopment Authority.
City of Oshkosh, Wisconsin
SCHEDULE OF CHANGES IN TOTAL OPEB LIABILITY AND RELATED RATIO
LAST 10 FISCAL YEARS
2020 2019 2018
Total OPEB liability
Service cost 306,053$ 334,296$ 301,541$
Interest 217,806 180,345 179,462
Effect of economic/demographic gains or losses 1,344,242 - -
Effect of assumption changes or inputs (1,487,994) (288,188) 140,539
Benefit payments (138,207) (119,000) (199,000)
Net change in total OPEB liability 241,900 107,453 422,542
Total OPEB liability - beginning 5,074,715 4,967,262 4,544,720
Total OPEB liability - ending 5,316,615$ 5,074,715$ 4,967,262$
Covered-employee payroll 39,150,924$ 38,695,522$ 37,913,920$
City's total OPEB liability as a percentage of covered-employee payroll 13.58%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.
76
City of Oshkosh, Wisconsin
SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY ASSET
WISCONSIN RETIREMENT SYSTEM
LAST 10 FISCAL YEAR
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%
12/31/19 0.34044120% (10,977,378) 37,849,360 29.00%102.96%
Information is not available prior to 2014
SCHEDULE OF CONTRIBUTIONS
WISCONSIN RETIREMENT SYSTEM
LAST 10 FISCAL YEAR
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 -37,849,360 9.39%
12/31/20 3,794,808 3,794,808 -39,372,622 9.64%
See notes to required supplementary information.
77
City of Oshkosh, Wisconsin
SCHEDULE OF PROPORTIONATE SHARE OF THE NET OPEB LIABILITY ASSET
LOCAL RETIREE LIFE INSURANCE FUND
LAST 10 FISCAL YEARS
Pro ortionate
Share of the Ne
OPEB Liabilit Plan Fiduciar
Pro ortionate Asset as a Net Position as a
Pro ortion o Share of the Percenta e o Percenta e of the
Plan Fiscal the Net OPEB Net OPEB Covered-Em lo ee Covered-Em lo 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%
12/31/19 0.69821100% 2,973,118 36,228,000 8.21% 37.58%
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 o
District Fiscal Re uired Re uired Deficienc Covered-Em lo ee Covered-Em lo 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 - 37,849,360 0.04%
12/31/20 14,841 14,841 - 39,372,622 0.04%
See notes to re uired su lementar information.
78
City of Oshkosh, Wisconsin
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
DECEMBER 31, 2020
79
A. WISCONSIN RETIREMENT SYSTEM
Change of benefit terms. There were no changes of benefit terms.
Changes of assumptions. No significant change in assumptions were noted from the prior year.
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.
Changes of assumptions. Actuarial assumptions are based upon an experience study conducted in 2018 using
Wisconsin Retirement System (WRS) experience from 2015 – 2017 and the discount rate was updated to reflect the
municipal bond rate one at the completion of the actuarial valuation.
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.
C. OTHER POSTEMPLOYMENT BENEFITS – SINGLE EMPLOYER PLAN
Changes of benefit terms. There were no changes of benefit terms.
Changes of assumptions. No significant change in assumptions were noted from the prior year.
The City does not have any assets held in trust to meet the future benefits of the plan.
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.
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEE
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2020
Special Capital
Revenue Projects Permanent Total
ASSETS
Cash and investments 12,535,904$ 41,130,937$ 11,631,916$ 65,298,757$
Receivables
Taxes and special charges 4,736,272 4,506,826 - 9,243,098
Accounts 427,142 30,783 13,888 471,813
Loans 4,978,738 50,000 - 5,028,738
Due from other funds 8,127 1,343,000 - 1,351,127
Deposit with GO HNI 212,378 - - 212,378
Total assets 22,898,561$ 47,061,546$ 11,645,804$ 81,605,911$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable 319,037$ 3,128,055$ 1,317$ 3,448,409$
Due to other funds 86,234 10,980,102 8,127 11,074,463
Special deposits - 322,780 - 322,780
Unearned revenues - 26,000 - 26,000
Total liabilities 405,271 14,456,937 9,444 14,871,652
Deferred inflows of resources
Property taxes levied for subsequent year 7,008,500 6,643,372 - 13,651,872
Loans receivable 4,978,738 75,605 - 5,054,343
Total deferred inflows of resources 11,987,238 6,718,977 - 18,706,215
Fund balances
Restricted 2,522,182 10,222,843 11,636,360 24,381,385
Committed 8,068,583 - - 8,068,583
Assigned - 25,802,918 - 25,802,918
Unassigned (84,713) (10,140,129) - (10,224,842)
Total fund balances 10,506,052 25,885,632 11,636,360 48,028,044
Total liabilities, deferred inflows of resources,
and fund balances 22,898,561$ 47,061,546$ 11,645,804$ 81,605,911$
80
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEE
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2020
Committee Business
on Improvement Street
Aging District Recycling Lighting
ASSETS
Cash and investments 222,898$ 90,215$ 1,740,666$ 607,246$
Receivables
Taxes and special charges 221,253 - - 726,474
Accounts 1,414 1,742 303 -
Loans - - - -
Due from other funds - - - -
Deposit with GO HNI - - - -
Total assets 445,565$ 91,957$ 1,740,969$ 1,333,720$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable 3,883$ 14,463$ 3,951$ 72,510$
Due to other funds - - - -
Special deposits - - - -
Unearned revenues - - - -
Total liabilities 3,883 14,463 3,951 72,510
Deferred inflows of resources
Property taxes levied for subsequent year 327,400 - - 1,075,000
Loans receivable - - - -
Total deferred inflows of resources 327,400 - - 1,075,000
Fund balances
Restricted 114,282 77,494 - -
Committed - - 1,737,018 186,210
Assigned - - - -
Unassigned - - - -
Total fund balances 114,282 77,494 1,737,018 186,210
Total liabilities, deferred inflows
of resources, and fund balances 445,565$ 91,957$ 1,740,969$ 1,333,720$
Special Revenue
81
Local Senior
Community Rental Revolving Center
Development Rehabilitation Loan Revolving
Library Museum Cemetery Block Grant Loan Program Program Loans
1,306,739$ 1,091,542$ 126,290$ -$ 221,280$ 1,258,051$ 123,292$
1,873,762 655,516 202,737 - - - -
213,444 105,610 - 95,866 - - 9
- - - 4,213,738 50,000 715,000 -
6,481 1,481 165 - - - -
- - - - - - -
3,400,426$ 1,854,149$ 329,192$ 4,309,604$ 271,280$ 1,973,051$ 123,301$
95,024$ 5,706$ -$ 8,878$ -$ -$ 40$
- - - 16,779 - - -
- - - - - - -
- - - - - - -
95,024 5,706 - 25,657 - - 40
2,772,700 970,000 300,000 - - - -
- - - 4,213,738 50,000 715,000 -
2,772,700 970,000 300,000 4,213,738 50,000 715,000 -
- - - 70,209 221,280 1,258,051 -
532,702 878,443 29,192 - - - 123,261
- - - - - - -
- - - - - - -
532,702 878,443 29,192 70,209 221,280 1,258,051 123,261
3,400,426$ 1,854,149$ 329,192$ 4,309,604$ 271,280$ 1,973,051$ 123,301$
Special Revenue
82
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2020
Federal
Police Police Asset Police Asset
Bicycle Special Forfeiture Forfeiture
ASSETS
Cash and investments -$ 182,761$ -$ -$
Receivables
Taxes and special charges - - - -
Accounts - - - -
Loans - - - -
Due from other funds - - - -
Deposit with GO HNI - - - -
Total assets -$ 182,761$ -$ -$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable -$ -$ -$ -$
Due to other funds - - - -
Special deposits - - - -
Unearned revenues - - - -
Total liabilities - - - -
Deferred inflows of resources
Property taxes levied for subsequent year - - - -
Loans receivable - - - -
Total deferred inflows of resources - - - -
Fund balances
Restricted - 182,761 - -
Committed - -- -
Assigned - -- -
Unassigned - -- -
Total fund balances - 182,761 - -
Total liabilities, deferred inflows
of resources, and fund balances -$ 182,761$ -$ -$
Special Revenue
83
Cable TV EMS Community Parks
Franchise Fire Historical Develop Revenue
Escrow Grant Marker Special Facilities
-$ 265,202$ -$ 145,918$ 390,684$
- - - - -
- 5,566 - - 54
- - - - -
- - - - -
- - - - -
-$ 270,768$ -$ 145,918$ 390,738$
-$ 39$ -$ 30,920$ -$
- - - - -
- - - - -
- - - - -
- 39 - 30,920 -
- - - - -
- - - - -
- - - - -
- 270,729 - 114,998 -
- - - - 390,738
- - - - -
- - - - -
- 270,729 - 114,998 390,738
-$ 270,768$ -$ 145,918$ 390,738$
Special Revenue
84
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2020
Public Pollock
Leach Works Garbage Water
Amphitheater Special Disposal Park
ASSETS
Cash and investments 44,496$ -$ 663,160$ 103,336$
Receivables
Taxes and special charges 9,461 - 986,923 43,251
Accounts 250 - 2,884 -
Loans - - - -
Due from other funds - - - -
Deposit with GO HNI - - - -
Total assets 54,207$ -$ 1,652,967$ 146,587$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable -$ 15,258$ 63,543$ 635$
Due to other funds - 62,655 - -
Special deposits - -- -
Unearned revenues - -- -
Total liabilities - 77,913 63,543 635
Deferred inflows of resources
Property taxes levied for subsequent year 14,000 - 1,460,400 64,000
Loans receivable - - - -
Total deferred inflows of resources 14,000 - 1,460,400 64,000
Fund balances
Restricted - - - -
Committed 40,207 - 129,024 81,952
Assigned - - - -
Unassigned - (77,913) - -
Total fund balances 40,207 (77,913) 129,024 81,952
Total liabilities, deferred inflows
of resources, and fund balances 54,207$ -$ 1,652,967$ 146,587$
Special Revenue
85
Total
Nonmajor
Healthy Special
Neighborhood Rental Special Revenue
Initiative Inspections Events Funds
3,913,182$ 38,946$ -$ 12,535,904$
- 16,895 - 4,736,272
- -- 427,142
- -- 4,978,738
- -- 8,127
212,378 - - 212,378
4,125,560$ 55,841$ -$ 22,898,561$
4,187$ -$ -$ 319,037$
- - 6,800 86,234
- - - -
- - - -
4,187 - 6,800 405,271
- 25,000 - 7,008,500
- -- 4,978,738
- 25,000 - 11,987,238
212,378 - - 2,522,182
3,908,995 30,841 - 8,068,583
- - - -
- - (6,800) (84,713)
4,121,373 30,841 (6,800) 10,506,052
4,125,560$ 55,841$ -$ 22,898,561$
Special Revenue
86
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2020
Advance
Payments
Sidewalk Street Street Special
Construction Improvement Tree Assessment
ASSETS
Cash and investments -$ 7,918,747$ -$ 137,144$
Receivables
Taxes and special charges - - - -
Accounts - - 17,620 -
Loans - - - -
Due from other funds - - - -
Deposit with GO HNI - - - -
Total assets -$ 7,918,747$ 17,620$ 137,144$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable -$ -$ -$ -$
Due to other funds 191,502 - 10,600 -
Special deposits - 3,500 - 137,144
Unearned revenues - -- -
Total liabilities 191,502 3,500 10,600 137,144
Deferred inflows of resources
Property taxes levied for subsequent year - - - -
Loans receivable - - - -
Total deferred inflows of resources - - - -
Fund balances
Restricted - - - -
Committed - - - -
Assigned - 7,915,247 7,020 -
Unassigned (191,502) - - -
Total fund balances (191,502) 7,915,247 7,020 -
Total liabilities, deferred inflows
of resources, and fund balances -$ 7,918,747$ 17,620$ 137,144$
87
Park Mct
Improvement Park Rochlin
Contract and Subdivision Park Senior
Control Equipment Acquisition Improvement Smokestack Center
6,902,142$ 11,263,884$ 2,459,099$ 398,199$ 2,000$ 127,776$
- 743,368 - - - -
- 13,163 - - - -
- -- - - -
- -- - - -
- -- - - -
6,902,142$ 12,020,415$ 2,459,099$ 398,199$ 2,000$ 127,776$
2,859,198$ 206,470$ 42,291$ -$ -$ -$
- - - - - -
181,136 - - - - -
- - - - - -
3,040,334 206,470 42,291 - - -
- 1,100,000 - - - -
- - - - - -
- 1,100,000 - - - -
- - - - - -
- - - - - -
3,861,808 10,713,945 2,416,808 398,199 2,000 127,776
- - - - - -
3,861,808 10,713,945 2,416,808 398,199 2,000 127,776
6,902,142$ 12,020,415$ 2,459,099$ 398,199$ 2,000$ 127,776$
Capital Projects
88
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2020
Grand TIF #8 TIF #10
Opera Parking Ramp S Aviation Main and
House Improvements Industrial Washington
ASSETS
Cash and investments 36,626$ 323,609$ 46,001$ 44,097$
Receivables
Taxes and special charges - - - 9,250
Accounts - - - -
Loans - - - -
Due from other funds - - - -
Deposit with GO HNI - - - -
Total assets 36,626$ 323,609$ 46,001$ 53,347$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable 120$ -$ -$ -$
Due to other funds - - - -
Special deposits - - - -
Unearned revenues - - - -
Total liabilities 120 - - -
Deferred inflows of resources
Property taxes levied for subsequent year - - - 13,688
Loans receivable - - - -
Total deferred inflows of resources - - - 13,688
Fund balances
Restricted - - 46,001 39,659
Committed - - - -
Assigned 36,506 323,609 - -
Unassigned - - - -
Total fund balances 36,506 323,609 46,001 39,659
Total liabilities, deferred inflows
of resources, and fund balances 36,626$ 323,609$ 46,001$ 53,347$
Capital Projects
89
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
55,640$ 832,088$ 239,067$ 996,674$ 2,771,112$
7,337 83,741 186,500 347,383 137,448
- - - - -
- - - - -
- - - - -
- - - - -
62,977$ 915,829$ 425,567$ 1,344,057$ 2,908,560$
-$ -$ 188$ 182$ -$
- - - - -
- - 1,000 - -
- - 26,000 - -
- - 27,188 182 -
10,857 123,916 275,973 514,040 203,389
- - - - -
10,857 123,916 275,973 514,040 203,389
52,120 791,913 122,406 829,835 2,705,171
- - - - -
- - - - -
- - - - -
52,120 791,913 122,406 829,835 2,705,171
62,977$ 915,829$ 425,567$ 1,344,057$ 2,908,560$
90
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2020
TIF #16 TIF #17 TIF #18 TIF #19
100 Block City SW Industrial NW Industrial
Redevelopment Centre #3 Expansion
ASSETS
Cash and investments 559,444$ 88,936$ 168,174$ 503,503$
Receivables
Taxes and special charges 88,886 185,379 350,545 169,872
Accounts - - - -
Loans 50,000 - - -
Due from other funds - 1,343,000 - -
Deposit with GO HNI - -- -
Total assets 698,330$ 1,617,315$ 518,719$ 673,375$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable -$ -$ -$ -$
Due to other funds - 835,410 1,406,957 -
Special deposits - -- -
Unearned revenues - -- -
Total liabilities - 835,410 1,406,957 -
Deferred inflows of resources
Property taxes levied for subsequent year 131,529 274,315 518,719 251,369
Loans receivable 50,000 - - -
Total deferred inflows of resources 181,529 274,315 518,719 251,369
Fund balances
Restricted 516,801 507,590 - 422,006
Committed - - - -
Assigned - - - -
Unassigned - - (1,406,957) -
Total fund balances 516,801 507,590 (1,406,957) 422,006
Total liabilities, deferred inflows
of resources, and fund balances 698,330$ 1,617,315$ 518,719$ 673,375$
Capital Projects
91
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
3,331,318$ 143,628$ -$ 138,982$ 81,457$ -$ 62,160$
- 299,381 - 195,477 169,792 - 129,568
- -- -- - -
- - - - - - -
- - - - - - -
- - - - - - -
3,331,318$ 443,009$ -$ 334,459$ 251,249$ -$ 191,728$
11,489$ -$ -$ -$ -$ -$ -$
- 404,332 1,017,878 - 1,758,767 2,364,929 1,813,403
- - - - - - -
- - - - - - -
11,489 404,332 1,017,878 - 1,758,767 2,364,929 1,813,403
- 443,009 - 289,257 251,249 - 191,728
- -- -- - -
- 443,009 - 289,257 251,249 - 191,728
3,319,829 - - 45,202 - - -
- - - - - - -
- - - - - - -
- (404,332) (1,017,878) - (1,758,767) (2,364,929) (1,813,403)
3,319,829 (404,332) (1,017,878) 45,202 (1,758,767) (2,364,929) (1,813,403)
3,331,318$ 443,009$ -$ 334,459$ 251,249$ -$ 191,728$
Capital Projects
92
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2020
TIF #28 TIF #29 TIF #30 TIF #31
Beach Building Morgan Washington Buckstaff
Redevelopment District Building Redevelopment
ASSETS
Cash and investments 18,211$ 4,311$ 20,947$ 159,708$
Receivables
Taxes and special charges 31,824 4,651 31,488 332,899
Accounts - - - -
Loans - - - -
Due from other funds - - - -
Deposit with GO HNI - - - -
Total assets 50,035$ 8,962$ 52,435$ 492,607$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable -$ 2,175$ -$ 60$
Due to other funds - - - 88,336
Special deposits - - - -
Unearned revenues - - - -
Total liabilities - 2,175 - 88,396
Deferred inflows of resources
Property taxes levied for subsequent year 47,092 6,882 46,595 492,607
Loans receivable - - - -
Total deferred inflows of resources 47,092 6,882 46,595 492,607
Fund balances
Restricted 2,943 - 5,840 -
Committed - - - -
Assigned - - - -
Unassigned - (95)- (88,396)
Total fund balances 2,943 (95) 5,840 (88,396)
Total liabilities, deferred inflows
of resources, and fund balances 50,035$ 8,962$ 52,435$ 492,607$
Capital Projects
93
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
5,830$ 156,473$ 1,077,289$ 36,881$ 2,479$ 8,206$ 95$
9,172 185,125 713,559 76,877 - 17,106 198
- - - - - --
- - - - - - -
- - - - - - -
- - - - - - -
15,002$ 341,598$ 1,790,848$ 113,758$ 2,479$ 25,312$ 293$
-$ -$ -$ 5,882$ -$ -$ -$
- - - 1,059,037 - 16,801 12,150
- - - - - --
- - - - - - -
- - - 1,064,919 - 16,801 12,150
13,572 273,939 1,055,889 113,758 - - -
- - - - - 25,312 293
13,572 273,939 1,055,889 113,758 - 25,312 293
1,430 67,659 734,959 - 2,479 - -
- - - - - - -
- - - - - - -
- - - (1,064,919) - (16,801) (12,150)
1,430 67,659 734,959 (1,064,919) 2,479 (16,801) (12,150)
15,002$ 341,598$ 1,790,848$ 113,758$ 2,479$ 25,312$ 293$
Capital Projects
94
City of Oshkosh, Wisconsin
COMBINING BALANCE SHEET CONCLUDED
NONMAJOR GOVERNMENTAL FUNDS
DECEMBER 31, 2020
Total
Nonmajor
TIF #39 Capital
Cabrini School Projects
Redevelopment Funds Total
ASSETS
Cash and investments 9,000$ 41,130,937$ 53,666,841$
Receivables
Taxes and special charges - 4,506,826 9,243,098
Accounts - 30,783 457,925
Loans - 50,000 5,028,738
Due from other funds - 1,343,000 1,351,127
Deposit with GO HNI - -212,378
Total assets 9,000$ 47,061,546$ 69,960,107$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts payable -$ 3,128,055$ 3,447,092$
Due to other funds - 10,980,102 11,066,336
Special deposits - 322,780 322,780
Unearned revenues - 26,000 26,000
Total liabilities - 14,456,937 14,862,208
Deferred inflows of resources
Property taxes levied for subsequent year - 6,643,372 13,651,872
Loans receivable - 75,605 5,054,343
Total deferred inflows of resources - 6,718,977 18,706,215
Fund balances
Restricted 9,000 10,222,843 12,745,025
Committed - - 8,068,583
Assigned - 25,802,918 25,802,918
Unassigned - (10,140,129) (10,224,842)
Total fund balances 9,000 25,885,632 36,391,684
Total liabilities, deferred inflows
of resources, and fund balances 9,000$ 47,061,546$ 69,960,107$
95
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Special Capital
Revenue Projects Permanent Total
REVENUES
Taxes 6,898,400$ 3,861,233$ -$ 10,759,633$
Special assessments 140,610 - - 140,610
Intergovernmental 2,533,709 599,517 - 3,133,226
Licenses and permits 27 - - 27
Fines and forfeits 585 - - 585
Public charges for services 452,832 11,065 - 463,897
Miscellaneous 1,729,207 128,050 670,607 2,527,864
Total revenues 11,755,370 4,599,865 670,607 17,025,842
EXPENDITURES
Current
Public safety 168,327 - - 168,327
Public works 3,323,303 251,518 - 3,574,821
Health and human services 979,569 - - 979,569
Culture and recreation 5,293,226 71,259 89,991 5,454,476
Conservation and development 1,966,922 602,622 - 2,569,544
Debt service
Principal 85,000 6,616,269 - 6,701,269
Interest and fiscal charges 12,579 539,401 - 551,980
Capital outlay 437,348 15,260,803 - 15,698,151
Total expenditures 12,266,274 23,341,872 89,991 35,698,137
Excess of revenues under expenditures (510,904) (18,742,007) 580,616 (18,672,295)
OTHER FINANCING SOURCES (USES)
Long-term debt issued - 17,615,000 - 17,615,000
Proceeds from sale of capital assets 22,750 - - 22,750
Transfers in 378,925 2,838,075 - 3,217,000
Transfers out (2,123,798) - (217,069) (2,340,867)
Total other financing sources (uses)(1,722,123) 20,453,075 (217,069) 18,513,883
Net change in fund balances (2,233,027) 1,711,068 363,547 (158,412)
Fund balances - January 1 12,739,079 24,174,564 11,272,813 48,186,456
Fund balances - December 31 10,506,052$ 25,885,632$ 11,636,360$ 48,028,044$
96
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Committee Business
on Improvement Street
Aging District Recycling Lighting
REVENUES
Taxes 327,400$ -$ -$ 1,075,000$
Special assessments - 140,610 - -
Intergovernmental 189,265 - 237,038 -
Licenses and permits - - - -
Fines and forfeits - - - -
Public charges for services 31 - - -
Miscellaneous 104,570 19,322 872,805 -
Total revenues 621,266 159,932 1,109,843 1,075,000
EXPENDITURES
Current
Public safety - - - -
Public works - - 809,271 977,413
Health and human services 574,713 - - -
Culture and recreation - - - -
Conservation and development - 155,750 - -
Debt service
Principal - - - -
Interest and fiscal charges - - - -
Capital outlay 42,014 - - -
Total expenditures 616,727 155,750 809,271 977,413
Excess of revenues over (under) expenditures 4,539 4,182 300,572 97,587
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 4,539 4,182 300,572 97,587
Fund balances - January 1 109,743 73,312 1,436,446 88,623
Fund balances - December 31 114,282$ 77,494$ 1,737,018$ 186,210$
Special Revenue
97
Local Senior
Community Rental Revolving Center
Development Rehabilitation Loan Revolving
Library Museum Cemetery Block Grant Loan Program Program Loans
2,772,700$ 970,000$ 300,000$ -$ -$ -$ -$
- - - - - - -
661,158 - - 557,920 - - 4,361
- - - - - - -
- - - - - - -
226,782 14,624 - 750 - - -
- 238,173 62,640 174,434 - - 11,974
3,660,640 1,222,797 362,640 733,104 - - 16,335
- - - - - - -
- - - - - - -
- - 387,360 - - - 17,496
3,650,867 1,150,426 - - - - -
- - - 679,058 - 175,000 -
85,000 - - - - - -
12,579 - - - - - -
- 20,903 - 141,952 - - -
3,748,446 1,171,329 387,360 821,010 - 175,000 17,496
(87,806) 51,468 (24,720) (87,906) - (175,000) (1,161)
- - - - - - -
- - - 22,750 - - -
- 167,649 - - - - -
- (9,700) - - - - -
- 157,949 - 22,750 - - -
(87,806) 209,417 (24,720) (65,156) - (175,000) (1,161)
620,508 669,026 53,912 135,365 221,280 1,433,051 124,422
532,702$ 878,443$ 29,192$ 70,209$ 221,280$ 1,258,051$ 123,261$
Special Revenue
98
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Federal
Police Police Asset Police Asset
Bicycle Special Forfeiture Forfeiture
REVENUES
Taxes -$ -$ -$ -$
Special assessments - - - -
Intergovernmental - 40,083 - -
Licenses and permits 27 - - -
Fines and forfeits - - - 585
Public charges for services - - - -
Miscellaneous - 74,433 - -
Total revenues 27 114,516 - 585
EXPENDITURES
Current
Public safety - 70,948 10,308 -
Public works - -- -
Health and human services - -- -
Culture and recreation - -- -
Conservation and development - -- -
Debt service
Principal - - - -
Interest and fiscal charges - - - -
Capital outlay - 38,918 - -
Total expenditures - 109,866 10,308 -
Excess of revenues over (under) expenditures 27 4,650 (10,308) 585
OTHER FINANCING SOURCES (USES)
Long-term debt issued - - - -
Proceeds from sale of capital assets - - - -
Transfers in - 73,311 - -
Transfers out (16,190) - (26,600) (30,521)
Total other financing sources (uses)(16,190) 73,311 (26,600) (30,521)
Net change in fund balances (16,163) 77,961 (36,908) (29,936)
Fund balances - January 1 16,163 104,800 36,908 29,936
Fund balances - December 31 -$ 182,761$ -$ -$
Special Revenue
99
Cable TV EMS Community Parks
Franchise Fire Historical Develop Revenue
Escrow Grant Marker Special Facilities
-$ -$ -$ -$ -$
- - - - -
- 143,619 - 525,000 -
- - - - -
- - - - -
- 12,366 - - 148,558
51 29,541 240 - 80,132
51 185,526 240 525,000 228,690
- 87,071 - - -
- - - - -
- - - - -
- - - - 338,983
- - - 575,025 -
- - - - -
- - - - -
- 103,967 - - 85,385
- 191,038 - 575,025 424,368
51 (5,512) 240 (50,025) (195,678)
- - - - -
- - - - -
- 30,120 - - 73,845
(6,485) (5,000) (23,845) - (2,005,457)
(6,485) 25,120 (23,845) - (1,931,612)
(6,434) 19,608 (23,605) (50,025) (2,127,290)
6,434 251,121 23,605 165,023 2,518,028
-$ 270,729$ -$ 114,998$ 390,738$
Special Revenue
100
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Public Pollock
Leach Works Garbage Water
Amphitheater Special Disposal Park
REVENUES
Taxes 14,000$ -$ 1,350,300$ 64,000$
Special assessments - - - -
Intergovernmental - 175,265 - -
Licenses and permits - -- -
Fines and forfeits - -- -
Public charges for services 2,826 - 45,605 -
Miscellaneous 5,237 - --
Total revenues 22,063 175,265 1,395,905 64,000
EXPENDITURES
Current
Public safety - - - -
Public works - 147,918 1,388,701 -
Health and human services - - - -
Culture and recreation 69,183 - - 70,463
Conservation and development - - - -
Debt service
Principal - - - -
Interest and fiscal charges - - - -
Capital outlay - - - 4,209
Total expenditures 69,183 147,918 1,388,701 74,672
Excess of revenues over (under) expenditures (47,120) 27,347 7,204 (10,672)
OTHER FINANCING SOURCES (USES)
Long-term debt issued - - - -
Proceeds from sale of capital assets - - - -
Transfers in 34,000 - - -
Transfers out - - - -
Total other financing sources (uses)34,000 - - -
Net change in fund balances (13,120) 27,347 7,204 (10,672)
Fund balances - January 1 53,327 (105,260) 121,820 92,624
Fund balances - December 31 40,207$ (77,913)$ 129,024$ 81,952$
Special Revenue
101
Total
Nonmajor
Healthy Special
Neighborhood Rental Special Revenue
Initiative Inspections Events Funds
-$ 25,000$ -$ 6,898,400$
- - - 140,610
- - - 2,533,709
- - - 27
- - - 585
- 1,290 - 452,832
55,655 - - 1,729,207
55,655 26,290 - 11,755,370
- - - 168,327
- - - 3,323,303
- - - 979,569
- 6,504 6,800 5,293,226
382,089 - - 1,966,922
- - - 85,000
- - - 12,579
- - - 437,348
382,089 6,504 6,800 12,266,274
(326,434) 19,786 (6,800) (510,904)
- - - -
- - - 22,750
- - - 378,925
- - - (2,123,798)
- - - (1,722,123)
(326,434) 19,786 (6,800) (2,233,027)
4,447,807 11,055 - 12,739,079
4,121,373$ 30,841$ (6,800)$ 10,506,052$
Special Revenue
102
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Advance
Payments
Sidewalk Street Street Special
Construction Improvement Tree Assessment
REVENUES
Taxes -$ -$ -$ -$
Special assessments - - - -
Intergovernmental - - 17,620 -
Licenses and permits - - - -
Fines and forfeits - - - -
Public charges for services - - - -
Miscellaneous - - 10,020 -
Total revenues - - 27,640 -
EXPENDITURES
Current
Public safety - - - -
Public works - 83 - -
Health and human services - -- -
Culture and recreation - -39,938 -
Conservation and development - -- -
Debt service
Principal - - - -
Interest and fiscal charges - - - -
Capital outlay 1,471,695 4,421,578 - -
Total expenditures 1,471,695 4,421,661 39,938 -
Excess of revenues over (under) expenditures (1,471,695) (4,421,661) (12,298) -
OTHER FINANCING SOURCES (USES)
Long-term debt issued 1,205,900 7,145,000 - -
Proceeds from sale of capital assets - - - -
Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses)1,205,900 7,145,000 - -
Net change in fund balances (265,795) 2,723,339 (12,298) -
Fund balances - January 1 74,293 5,191,908 19,318 -
Fund balances - December 31 (191,502)$ 7,915,247$ 7,020$ -$
103
Park Mct
Improvement Park Rochlin
Contract and Subdivision Park Senior
Control Equipment Acquisition Improvement Smokestack Center
10,000$ 986,000$ 15,000$ -$ -$ -$
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - 1,065 - - -
- 17,404 10,274 10,800 - -
10,000 1,003,404 26,339 10,800 - -
- - - - - -
- 224,891 - - - -
- -- - - -
- -- - - -
- -- - - -
- - - - - -
- - - - - -
- 7,119,444 244,324 - - 2,868
- 7,344,335 244,324 - - 2,868
10,000 (6,340,931) (217,985) 10,800 - (2,868)
- 5,964,100 575,000 - - -
- - - - - -
13,575 - 2,005,457 - - -
- - -- - -
13,575 5,964,100 2,580,457 - - -
23,575 (376,831) 2,362,472 10,800 - (2,868)
3,838,233 11,090,776 54,336 387,399 2,000 130,644
3,861,808$ 10,713,945$ 2,416,808$ 398,199$ 2,000$ 127,776$
Capital Projects
104
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Grand TIF #8 TIF #10
Opera Parking Ramp S Aviation Main and
House Improvements Industrial Washington
REVENUES
Taxes 2,000$ -$ -$ 12,956$
Special assessments - - - -
Intergovernmental - - - 151
Licenses and permits - - - -
Fines and forfeits - - - -
Public charges for services - - - -
Miscellaneous 12,501 64,351 - -
Total revenues 14,501 64,351 - 13,107
EXPENDITURES
Current
Public safety - - - -
Public works - 26,544 - -
Health and human services - -- -
Culture and recreation 31,321 - - -
Conservation and development - - - 149
Debt service
Principal - - 5,000 -
Interest and fiscal charges - - 893 -
Capital outlay 13,498 71,725 - -
Total expenditures 44,819 98,269 5,893 149
Excess of revenues over (under) expenditures (30,318) (33,918) (5,893) 12,958
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 (30,318) (33,918) (5,893) 12,958
Fund balances - January 1 66,824 357,527 51,894 26,701
Fund balances - December 31 36,506$ 323,609$ 46,001$ 39,659$
Capital Projects
105
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
10,210$ 120,679$ 267,153$ 225,525$ 202,920$
- - - - -
- 1,953 10,112 112 47,574
- - - - -
- - - - -
- - - - -
- - - - -
10,210 122,632 277,265 225,637 250,494
- - - - -
- - - - -
- - - - -
- - - - -
150 70,190 1,250 87,763 78,249
- 20,000 1,115,000 95,000 40,000
- 940 93,911 10,805 2,755
- -- - -
150 91,130 1,210,161 193,568 121,004
10,060 31,502 (932,896) 32,069 129,490
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
10,060 31,502 (932,896) 32,069 129,490
42,060 760,411 1,055,302 797,766 2,575,681
52,120$ 791,913$ 122,406$ 829,835$ 2,705,171$
106
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
TIF #16 TIF #17 TIF #18 TIF #19
100 Block City SW Industrial NW Industrial
Redevelopment Centre #3 Expansion
REVENUES
Taxes 129,670$ 269,735$ 442,746$ 221,635$
Special assessments - - - -
Intergovernmental 564 52,522 54,240 25,259
Licenses and permits - - - -
Fines and forfeits - - - -
Public charges for services - - - -
Miscellaneous - - - -
Total revenues 130,234 322,257 496,986 246,894
EXPENDITURES
Current
Public safety - - - -
Public works - - - -
Health and human services - - - -
Culture and recreation - - - -
Conservation and development 119,308 150 150 71,283
Debt service
Principal 220,000 1,195,000 300,000 70,000
Interest and fiscal charges 17,040 74,644 25,550 7,200
Capital outlay - - - 23,011
Total expenditures 356,348 1,269,794 325,700 171,494
Excess of revenues over (under) expenditures (226,114) (947,537) 171,286 75,400
OTHER FINANCING SOURCES USES
Long-term debt issued - 780,000 - 20,000
Proceeds from sale of capital assets - -- -
Transfers in - -- -
Transfers out - -- -
Total other financing sources (uses)- 780,000 - 20,000
Net chan e in fund balances (226,114) (167,537) 171,286 95,400
Fund balances - Januar 1 742,915 675,127 (1,578,243) 326,606
Fund balances - December 31 516,801$ 507,590$ (1,406,957)$ 422,006$
Capital Projects
107
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
-$ 371,310$ -$ 5,504$ 253,132$ -$ 164,448$
- -- - - - -
1,049 485 - 8,693 7,674 - 55,745
- - - -- - -
- - - - - - -
- - - - - - -
- - - - - 2,700 -
1,049 371,795 - 14,197 260,806 2,700 220,193
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
24,437 32,757 3,426 4,978 150 150 432
270,000 1,340,000 1,303,733 - 234,602 369,974 -
71,498 30,271 112,584 - 19,951 42,534 -
1,554,193 3,441 11,283 - -- -
1,920,128 1,406,469 1,431,026 4,978 254,703 412,658 432
(1,919,079) (1,034,674) (1,431,026) 9,219 6,103 (409,958) 219,761
- 1,160,000 765,000 - - - -
- -- - - - -
- - 819,043 - - - -
- - - - - - -
- 1,160,000 1,584,043 - - - -
(1,919,079) 125,326 153,017 9,219 6,103 (409,958) 219,761
5,238,908 (529,658) (1,170,895) 35,983 (1,764,870) (1,954,971) (2,033,164)
3,319,829$ (404,332)$ (1,017,878)$ 45,202$ (1,758,767)$ (2,364,929)$ (1,813,403)$
Capital Projects
108
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CONTINUED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
TIF #28 TIF #29 TIF #30 TIF #31
Beach Building Morgan Washington Buckstaff
Redevelopment District Building Redevelopment
REVENUES
Taxes 6,092$ 5,512$ 7,236$ 53,966$
Special assessments - - - -
Intergovernmental - - - -
Licenses and permits - - - -
Fines and forfeits - - - -
Public charges for services - - - -
Miscellaneous - - - -
Total revenues 6,092 5,512 7,236 53,966
EXPENDITURES
Current
Public safety - - - -
Public works - - - -
Health and human services - - - -
Culture and recreation - - - -
Conservation and development 150 2,326 963 69,410
Debt service
Principal - - - 7,960
Interest and fiscal charges - - - 5,294
Capital outlay - - - -
Total expenditures 150 2,326 963 82,664
Excess of revenues over (under) expenditures 5,942 3,186 6,273 (28,698)
OTHER FINANCING SOURCES USES
Long-term debt issued - - - -
Proceeds from sale of capital assets - - - -
Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses)- - - -
Net chan e in fund balances 5,942 3,186 6,273 (28,698)
Fund balances - Januar 1 (2,999) (3,281) (433) (59,698)
Fund balances - December 31 2,943$ (95)$ 5,840$ (88,396)$
Capital Projects
109
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
1,201$ 67,276$ -$ 9,327$ -$ -$ -$
- - - - - - -
- - 315,764 - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1,201 67,276 315,764 9,327 - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
150 2,250 150 209 19,961 431 10,650
- - - 30,000 - - -
- - - 23,531 - - -
- - - 323,743 - - -
150 2,250 150 377,483 19,961 431 10,650
1,051 65,026 315,614 (368,156) (19,961) (431) (10,650)
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1,051 65,026 315,614 (368,156) (19,961) (431) (10,650)
379 2,633 419,345 (696,763) 22,440 (16,370) (1,500)
1,430$ 67,659$ 734,959$ (1,064,919)$ 2,479$ (16,801)$ (12,150)$
Capital Projects
110
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES EXPENDITURES AND CHANGES
IN FUND BALANCES CONCLUDED
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Total
Nonmajor
TIF #39 Capital
Cabrini School Projects
Redevelopment Funds Total
REVENUES
Taxes -$ 3,861,233$ 10,759,633$
Special assessments - - 140,610
Intergovernmental - 599,517 3,133,226
Licenses and permits - -27
Fines and forfeits - -585
Public charges for services 10,000 11,065 463,897
Miscellaneous - 128,050 1,857,257
Total revenues 10,000 4,599,865 16,355,235
EXPENDITURES
Current
Public safety - - 168,327
Public works - 251,518 3,574,821
Health and human services - - 979,569
Culture and recreation - 71,259 5,364,485
Conservation and development 1,000 602,622 2,569,544
Debt service
Principal - 6,616,269 6,701,269
Interest and fiscal charges - 539,401 551,980
Capital outlay - 15,260,803 15,698,151
Total expenditures 1,000 23,341,872 35,608,146
Excess of revenues over (under) expenditures 9,000 (18,742,007) (19,252,911)
OTHER FINANCING SOURCES (USES)
Long-term debt issued - 17,615,000 17,615,000
Proceeds from sale of capital assets - -22,750
Transfers in - 2,838,075 3,217,000
Transfers out - - (2,123,798)
Total other financing sources (uses)- 20,453,075 18,730,952
Net change in fund balances 9,000 1,711,068 (521,959)
Fund balances - January 1 - 24,174,564 36,913,643
Fund balances - December 31 9,000$ 25,885,632$ 36,391,684$
111
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF NET POSITION
NONMAJOR ENTERPRISE FUND
DECEMBER 31 202
Oshkosh
Parking Redevelopment Industrial Inspection
Utility Project Park Services Totals
ASSETS
Current assets
Cash and investments 87,020$ 914,369$ -$ 1,299,486$ 2,300,875$
Receivables
Customer accounts 518 71,104 - 16,923 88,545
Inventories and prepaid items 19,581 - - - 19,581
Total current assets 107,119 985,473 - 1,316,409 2,409,001
Other assets
Assets held for resale - - 4,447,936 - 4,447,936
Net pension asset 6,762 - - 106,310 113,072
Total other assets 6,762 - 4,447,936 106,310 4,561,008
Capital assets
Nondepreciable 1,817,234 3,217,848 - - 5,035,082
Depreciable 1,549,778 6,086,134 - - 7,635,912
Total capital assets 3,367,012 9,303,982 - - 12,670,994
Total assets 3,480,893 10,289,455 4,447,936 1,422,719 19,641,003
DEFERRED OUTFLOWS OF RESOURCES
Pension related amounts 15,426 - - 249,284 264,710
Other postemployment related amounts 1,761 1,945 - 30,061 33,767
Total deferred outflows of resources 17,187 1,945 - 279,345 298,477
LIABILITIES
Current liabilities
Accounts payable 1,811 44 1,000 7,044 9,899
Due to other funds - - 1,028,307 - 1,028,307
Accrued interest payable 158 37,911 2,434 - 40,503
Special deposits - 5,000 - - 5,000
Unearned revenue - -- 523 523
Current portion of long-term debt - 177,715 105,000 - 282,715
Total current liabilities 1,969 220,670 1,136,741 7,567 1,366,947
Long-term obligations, less current portion
General obligation debt 25,000 1,247,285 295,000 - 1,567,285
Compensated absences 1,292 - - 82,136 83,428
Other postemployment benefits 6,084 7,975 - 105,352 119,411
Total long-term liabilities 32,376 1,255,260 295,000 187,488 1,770,124
Total liabilities 34,345 1,475,930 1,431,741 195,055 3,137,071
DEFERRED INFLOWS OF RESOURCES
Pension related amounts 20,290 - - 318,993 339,283
Other postemployment related amounts 1,551 2,334 - 27,273 31,158
Total deferred inflows of resources 21,841 2,334 - 346,266 370,441
NET POSITION
Net investment in capital assets 3,342,012 7,878,982 - - 11,220,994
Restricted 6,762 - - 106,310 113,072
Unrestricted 93,120 934,154 3,016,195 1,054,433 5,097,902
Total net position 3,441,894$ 8,813,136$ 3,016,195$ 1,160,743$ 16,431,968$
112
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City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
NONMAJOR ENTERPRISE FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Oshkosh
Parking Redevelopment Industrial Inspection
Utility Project Park Services Totals
OPERATING REVENUES
Charges for services 76,854$ -$ -$ 1,141,203$ 1,218,057$
Taxes - 831,538 - -831,538
Fines, forfeitures and penalties 12,137 - - - 12,137
Other - 42,017 - - 42,017
Total operating revenues 88,991 873,555 - 1,141,203 2,103,749
OPERATING EXPENSES
Operation and maintenance 107,303 967,943 16,148 894,372 1,985,766
Depreciation 133,171 165,029 - - 298,200
Total operating expenses 240,474 1,132,972 16,148 894,372 2,283,966
Operating income (loss)(151,483) (259,417) (16,148) 246,831 (180,217)
NONOPERATING REVENUES (EXPENSES)
Gain on disposal of capital assets - - 834,477 - 834,477
Interest and fiscal charges (1,750) (72,007) (14,363) - (88,120)
Total nonoperating revenues (expenses)(1,750) (72,007) 820,114 - 746,357
Income (loss) before transfers (153,233) (331,424) 803,966 246,831 566,140
Transfers out - - (819,043) - (819,043)
Change in net position (153,233) (331,424) (15,077) 246,831 (252,903)
Net position - January 1 3,595,127 9,144,560 3,031,272 913,912 16,684,871
Net position - December 31 3,441,894$ 8,813,136$ 3,016,195$ 1,160,743$ 16,431,968$
113
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF CASH FLOWS
NONMAJOR ENTERPRISE FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Oshkosh
Parkin Redevelopment Industrial
Utilit Pro ect Park
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers 107,193$ 893,327$ -$
Cash paid for emplo ee wa es and benefits 35,036 84,972 -
Cash paid to suppliers 73,855 981,348 18,088
Net cash provided used b operatin activities 1,698 172,993 18,088
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Due to/from other funds - - 1,819,798
Transfer in out - - 819,043
Net cash provided used b noncapital financin activities - - 2,638,841
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Acquisition of capital assets - 159,070 -
Sale of capital assets - - 2,772,171
Principal paid on lon -term debt - 235,000 100,000
Interest paid on lon -term debt 1,749 73,198 15,242
Net cash provided used b capital and related financin activities 1,749 467,268 2,656,929
Chan e in cash and cash equivalents 3,447 640,261 -
Cash and cash equivalents - Januar 1 90,467 1,554,630 -
Cash and cash equivalents - December 31 87,020$ 914,369$ -$
RECONCILIATION OF OPERATING INCOME LOSS
TO NET CASH PROVIDED USED BY OPERATING ACTIVITIES
Operatin income loss 151,483$ 259,417$ 16,148$
Ad ustments to reconcile operatin income loss to
net cash provided b used b operatin activities
Depreciation 133,171 165,029 -
Chan e in liabilit asset and deferred
outflows and inflows of resources
Chan e in WRS Asset/Liabilit 14,616 - -
Chan e in WRS Deferred Outflow 5,496 - -
Chan e in WRS Deferred Inflow 9,415 - -
Chan e in OPEB Liabilit 812 363 -
Chan e in OPEB Deferred Outflow 1,510 1,779 -
Chan e in OPEB Deferred Inflow 1,021 1,948 -
Chan e in operatin assets and liabilities
Accounts receivables 18,202 19,772 -
Inventories and prepaid items 1,433 - -
Accounts pa able 3,742 98,909 1,940
Unearned revenue - - -
Compensated absences 103 - -
Net cash provided used b operatin activities 1,698$ 172,993$ 18,088$
Reconciliation of cash and cash equivalents
to the statement of net position
Cash and cash equivalents in current assets 87,020$ 914,369$ -$
Total cash and cash equivalents 87,020$ 914,369$ -$
Noncash capital and related financin activities
Contributed capital assets -$ -$ -$
114
Gol Inspection
Course Services Totals
-$ 1,125,772$ 2,126,292$
- 746,849 866,857
250 136,834 1,210,375
250 242,089 49,060
- - 1,819,798
- - 819,043
- - 2,638,841
- - 159,070
- - 2,772,171
- - 335,000
- - 90,189
- - 2,187,912
250 242,089 401,869
250 1,057,397 2,702,744
-$ 1,299,486$ 2,300,875$
-$ 246,831$ 180,217$
- - 298,200
- 221,076 235,692
- 64,257 69,753
- 160,094 169,509
- 13,561 14,736
- 26,068 29,357
- 18,782 21,751
- 5,211 32,763
- -1,433
250 6,262 111,103
- 10,220 10,220
- 7,401 7,504
250$ 242,089$ 49,060$
-$ 1,299,486$ 2,300,875$
-$ 1,299,486$ 2,300,875$
-$ -$ -$
115
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF NET POSITION
INTERNAL SERVICE FUNDS
DECEMBER 31, 2020
Hos ital Police Fire Workman's
Insurance Pension Pension Com ensation Total
ASSETS
Current assets
Cash and investments 1,469,308$ 584,370$ 147,056$ -$ 2,200,734$
Due from other funds 454,928 - - - 454,928
Total assets 1,924,236 584,370 147,056 - 2,655,662
DEFERRED OUTFLOWS OF RESOURCES
Other ostem lo ment related amounts - - - 1,945 1,945
LIABILITIES
Current liabilities
Accounts a able 29,652 - - 2,506 32,158
Due to other funds - - - 454,928 454,928
Total current liabilities 29,652 - - 457,434 487,086
Lon -term obli ations, less current ortion
Other ostem lo ment benefits - - - 7,975 7,975
Total liabilities 29,652 - - 465,409 495,061
DEFERRED INFLOWS OF RESOURCES
Other ostem lo ment related amounts - - - 2,437 2,437
NET POSITION
Unrestricted 1,894,584$ 584,370$ 147,056$ 465,901$ 2,160,109$
116
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Hospital Police Fire Workman's
Insurance Pension Pension Compensation Total
OPERATING REVENUES
Charges for services 382,401$ -$ -$ -$ 382,401$
Other - - - 412,942 412,942
Total operating revenues 382,401 - - 412,942 795,343
OPERATING EXPENSES
Claims and administration 302,624 5,119 - 1,178,813 1,486,556
Operating income (loss)79,777 (5,119) - (765,871) (691,213)
NONOPERATING REVENUES
Interest income - 14,430 3,856 - 18,286
Change in net position 79,777 9,311 3,856 (765,871) (672,927)
Net position - January 1 1,814,807 575,059 143,200 299,970 2,833,036
Net position - December 31 1,894,584$ 584,370$ 147,056$ (465,901)$ 2,160,109$
117
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Hospital Police Fire Workman's
Insurance Pension Pension Compensation Total
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from City 382,401$ -$ -$ 412,942$ 795,343$
Cash paid for employee wages and benefits - - - (205,175) (205,175)
Cash paid to suppliers (273,445) (5,119) - (974,247) (1,252,811)
Net cash used by operating activities 108,956 (5,119) - (766,480) (662,643)
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Due to/from other funds (454,928) - - 454,928 -
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received - 14,430 3,856 - 18,286
Change in cash and cash equivalents (345,972) 9,311 3,856 (311,552) (644,357)
Cash and cash equivalents - January 1 1,815,280 575,059 143,200 311,552 2,845,091
Cash and cash equivalents - December 31 1,469,308$ 584,370$ 147,056$ -$ 2,200,734$
Hospital Police Fire Workman's
Insurance Pension Pension Compensation Total
RECONCILIATION OF OPERATING INCOME (LOSS)
TO NET CASH USED BY OPERATING ACTIVITIES
Operating income (loss)79,777$ (5,119)$ -$ (765,871)$ (691,213)$
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 - - - (1,667) (1,667)
Change in OPEB Deferred Outflow - - - (1,735) (1,735)
Change in OPEB Deferred Inflow - - - 1,948 1,948
Change in operating assets and liabilities
Accounts payable 29,179 - - 845 30,024
Net cash used by operating activities 108,956$ (5,119)$ -$ (766,480)$ (662,643)$
Reconciliation of cash and cash equivalents
to the statement of net position
Cash and cash equivalents in
current assets 1,469,308$ 584,370$ 147,056$ -$ 2,200,734$
Total cash and cash equivalents 1,469,308$ 584,370$ 147,056$ -$ 2,200,734$
Noncash capital and related financing activities
None
118
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF FIDUCIARY NET POSITION
CUSTODIAL FUNDS
DECEMBER 31, 2020
Tax Hospital
Collection Bioterrorism Totals
ASSETS
Current assets
Cash and investments 21,388,268$ -$ 21,388,268$
Receivables
Taxes 44,102,761 - 44,102,761
Accounts, net - - -
Other - 4,202 4,202
Total assets 65,491,029$ 4,202$ 65,495,231$
LIABILITIES
Current liabilities
Accounts Payable 60,464$ -$ 60,464$
Due to other governments - 4,202 4,202
Total liabilities 60,464 4,202 64,666
DEFERRED INFLOWS OF RESOURCES
Property taxes levied for subsequent year 65,430,565 - 65,430,565
NET POSITION
Restricted -$ -$ -$
The notes to the basic financial statements are an integral part of this statement.
119
City of Oshkosh, Wisconsin
COMBINING STATEMENT OF CHANGES IN NET POSITION
CUSTODIAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020
Tax Hospital
Collection Bioterrorism Totals
ADDITIONS
Property tax collections 42,223,632$ -$ 42,223,632$
DEDUCTIONS
Payments to taxing jurisdictions 42,223,632 - 42,223,632
Chan e in net position - - -
Net position - Januar 1 - - -
Net position - December 31 - - -
120
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - DEBT SERVICE FUND
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 12,070,700$ 12,070,700$ 12,070,600$ (100)$
Miscellaneous 150,000 150,000 106,827 (43,173)
Total revenues 12,220,700 12,220,700 12,177,427 (43,273)
EXPENDITURES
Debt service
Principal 16,980,100 16,980,100 12,238,826 4,741,274
Interest and fiscal charges 4,202,800 4,202,800 3,057,005 1,145,795
Total expenditures 21,182,900 21,182,900 15,295,831 5,887,069
Excess of revenues over (under)
expenditures (8,962,200) (8,962,200) (3,118,404) 5,843,796
OTHER FINANCING SOURCES
Long-term debt issued - - 100,000 100,000
Premium on debt issued 595,500 595,500 953,237 357,737
Transfers in 8,516,700 8,516,700 - (8,516,700)
Total other financing sources 9,112,200 9,112,200 1,053,237 (8,058,963)
Net change in fund balance 150,000 150,000 (2,065,167) (2,215,167)
Fund balance - January 1 2,189,515 2,189,515 2,189,515 -
Fund balance - December 31 2,339,515$ 2,339,515$ 124,348$ (2,215,167)$
121
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - SPECIAL ASSESSMENT IMPROVEMENT
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Special assessments -$ -$ 2,257,077$ 2,257,077$
EXPENDITURES
Debt service
Principal 725,000 725,000 725,000 -
Interest and fiscal charges 236,900 236,900 236,944 (44)
Capital outlay 15,000 70,000 19,718 50,282
Total expenditures 976,900 1,031,900 981,662 50,238
Net change in fund balance (976,900) (1,031,900) 1,275,415 2,307,315
Fund balance - January 1 3,968,103 3,968,103 3,968,103 -
Fund balance - December 31 2,991,203$ 2,936,203$ 5,243,518$ 2,307,315$
122
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - CONTACT CONTRO
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 10,000$ 10,000$ 10,000$ -$
Intergovernmental - 34,000 - (34,000)
Total revenues 10,000 44,000 10,000 (34,000)
EXPENDITURES
Current
Public works 22,453,156 28,154,676 - 28,154,676
Excess of revenues over (under)
expenditures (22,443,156) (28,110,676) 10,000 28,120,676
OTHER FINANCING SOURCES
Transfers in - - 13,575 13,575
Net change in fund balance (22,443,156) (28,110,676) 23,575 28,134,251
Fund balance - January 1 3,838,233 3,838,233 3,838,233 -
Fund balance - December 31 (18,604,923)$ (24,272,443)$ 3,861,808$ 28,134,251$
123
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - COMMITTEE ON AGIN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 327,400$ 327,400$ 327,400$ -$
Intergovernmental 84,000 203,000 189,265 (13,735)
Public charges for services 100 100 31 (69)
Miscellaneous 168,600 168,600 104,570 (64,030)
Total revenues 580,100 699,100 621,266 (77,834)
EXPENDITURES
Current
Health and human services 582,500 660,700 574,713 85,987
Capital outlay - 40,800 42,014 (1,214)
Total expenditures 582,500 701,500 616,727 84,773
Excess of revenues over (under)
expenditures (2,400) (2,400) 4,539 6,939
OTHER FINANCING SOURCES (USES)
Transfers in 3,200 3,200 - (3,200)
Net change in fund balance 800 800 4,539 3,739
Fund balance - January 1 109,743 109,743 109,743 -
Fund balance - December 31 110,543$ 110,543$ 114,282$ 3,739$
124
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - BUSINESS IMPROVEMENT DISTRIC
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Special assessments 140,600$ 140,600$ 140,610$ 10$
Miscellaneous 52,000 52,000 19,322 (32,678)
Total revenues 192,600 192,600 159,932 (32,668)
EXPENDITURES
Current
Conservation and development 192,700 192,700 155,750 36,950
Net change in fund balance (100) (100) 4,182 4,282
Fund balance - January 1 73,312 73,312 73,312 -
Fund balance - December 31 73,212$ 73,212$ 77,494$ 4,282$
125
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - RECYCLIN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 236,000$ 236,000$ 237,038$ 1,038$
Miscellaneous 874,500 874,500 872,805 (1,695)
Total revenues 1,110,500 1,110,500 1,109,843 (657)
EXPENDITURES
Current
Public works 820,800 820,800 809,271 11,529
Capital outlay 210,000 210,000 - 210,000
Total expenditures 1,030,800 1,030,800 809,271 221,529
Net change in fund balance 79,700 79,700 300,572 220,872
Fund balance - January 1 1,436,446 1,436,446 1,436,446 -
Fund balance - December 31 1,516,146$ 1,516,146$ 1,737,018$ 220,872$
126
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - STREET LIGHTING
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 1,075,000$ 1,075,000$ 1,075,000$ -$
EXPENDITURES
Current
Public works 1,075,000 1,092,792 977,413 115,379
Net change in fund balance - (17,792) 97,587 115,379
Fund balance - January 1 88,623 88,623 88,623 -
Fund balance - December 31 88,623$ 70,831$ 186,210$ 126$
127
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - LIBRAR
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 2,772,700$ 2,772,700$ 2,772,700$ -$
Intergovernmental 661,200 661,200 661,158 (42)
Public charges for services 271,500 271,500 226,782 (44,718)
Miscellaneous 5,500 5,500 - (5,500)
Total revenues 3,710,900 3,710,900 3,660,640 (50,260)
EXPENDITURES
Current
Culture and recreation 3,814,700 3,814,700 3,650,867 163,833
Debt service
Principal - - 85,000 (85,000)
Interest and fiscal charges - - 12,579 (12,579)
Total expenditures 3,814,700 3,814,700 3,748,446 66,254
Net change in fund balance (103,800) (103,800) (87,806) 15,994
Fund balance - January 1 620,508 620,508 620,508 -
Fund balance - December 31 516,708$ 516,708$ 532,702$ 127$
128
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - MUSEUM
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 970,000$ 970,000$ 970,000$ -$
Public charges for services 70,000 70,000 14,624 (55,376)
Miscellaneous 114,900 114,900 238,173 123,273
Total revenues 1,154,900 1,154,900 1,222,797 67,897
EXPENDITURES
Current
Culture and recreation 1,268,200 1,268,200 1,150,426 117,774
Capital outlay 16,600 16,600 20,903 (4,303)
Total expenditures 1,284,800 1,284,800 1,171,329 113,471
Excess of revenues over (under)
expenditures (129,900) (129,900) 51,468 181,368
OTHER FINANCING SOURCES (USES)
Transfers in 155,000 155,000 167,649 12,649
Transfers out (19,200) (19,200) (9,700) 9,500
Total other financing sources (uses)135,800 135,800 157,949 22,149
Net change in fund balance 5,900 5,900 209,417 203,517
Fund balance - January 1 669,026 669,026 669,026 -
Fund balance - December 31 674,926$ 674,926$ 878,443$ 203,517$
129
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - CEMETER
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 300,000$ 300,000$ 300,000$ -$
Miscellaneous 79,500 79,500 62,640 (16,860)
Total revenues 379,500 379,500 362,640 (16,860)
EXPENDITURES
Current
Health and human services 406,900 406,900 387,360 19,540
Excess of revenues over (under)
expenditures (27,400) (27,400) (24,720) 2,680
OTHER FINANCING SOURCES
Transfers in 28,500 28,500 - (28,500)
Net change in fund balance 1,100 1,100 (24,720) (25,820)
Fund balance - January 1 53,912 53,912 53,912 -
Fund balance - December 31 55,012$ 55,012$ 29,192$ (25,820)$
130
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - COMMUNITY DEVELOPMENT BLOCK GRAN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 810,000$ 810,000$ 557,920$ (252,080)$
Public charges for services - - 750 750
Miscellaneous 510,000 510,000 174,434 (335,566)
Total revenues 1,320,000 1,320,000 733,104 (586,896)
EXPENDITURES
Current
Conservation and development 1,107,000 1,107,000 679,058 427,942
Capital outlay 253,000 253,000 141,952 111,048
Total expenditures 1,360,000 1,360,000 821,010 538,990
Excess of revenues over (under)
expenditures (40,000) (40,000) (87,906) (47,906)
OTHER FINANCING SOURCES
Proceeds from sale of capital assets 40,000 40,000 22,750 (17,250)
Net change in fund balance - - (65,156) (65,156)
Fund balance - January 1 135,365 135,365 135,365 -
Fund balance - December 31 135,365$ 135,365$ 70,209$ (65,156)$
131
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - LOCAL REVOLVING LOAN PROGRA
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
EXPENDITURES
Current
Conservation and development 250,000$ 500,000$ 175,000$ 325,000$
Excess of revenues over (under)
expenditures (250,000) (500,000) (175,000) 325,000
Net change in fund balance (250,000) (500,000) (175,000) 325,000
Fund balance - January 1 1,433,051 1,433,051 1,433,051 -
Fund balance - December 31 1,183,051$ 933,051$ 1,258,051$ 325,000$
132
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - SENIOR CENTER REVOLVING LOAN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 5,500$ 5,500$ 4,361$ (1,139)$
Miscellaneous 46,000 46,000 11,974 (34,026)
Total revenues 51,500 51,500 16,335 (35,165)
EXPENDITURES
Current
Health and human services 47,200 47,200 17,496 29,704
Net change in fund balance 4,300 4,300 (1,161) (5,461)
Fund balance - January 1 124,422 124,422 124,422 -
Fund balance - December 31 128,722$ 128,722$ 123,261$ (5,461)$
133
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - BICYCL
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Licenses and permits 300$ 300$ 27$ (273)$
EXPENDITURES
Current
Public safety 300 300 - 300
Excess of revenues over (under)
expenditures - - 27 27
OTHER FINANCING SOURCES (USES)
Transfers out - - (16,190) (16,190)
Net change in fund balance - - (16,163) (16,163)
Fund balance - January 1 16,163 16,163 16,163 -
Fund balance - December 31 16,163$ 16,163$ -$ (16,163)$
134
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - POLICE SPECIA
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 14,600$ 61,866$ 40,083$ (21,783)$
Miscellaneous 100,000 100,000 74,433 (25,567)
Total revenues 114,600 161,866 114,516 (47,350)
EXPENDITURES
Current
Public safety 114,600 125,866 70,948 54,918
Capital outlay - 36,000 38,918 (2,918)
Total expenditures 114,600 161,866 109,866 52,000
Excess of revenues over (under)
expenditures - - 4,650 4,650
OTHER FINANCING SOURCES (USES)
Transfers in - - 73,311 73,311
Net change in fund balance - - 77,961 77,961
Fund balance - January 1 104,800 104,800 104,800 -
Fund balance - December 31 104,800$ 104,800$ 182,761$ 77,961$
135
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - POLICE ASSET FORFEITUR
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Fines and forfeits 5,000$ 5,000$ -$ (5,000)$
EXPENDITURES
Current
Public safety 3,800 13,800 10,308 3,492
Excess of revenues over (under)
expenditures 1,200 (8,800) (10,308) (1,508)
OTHER FINANCING SOURCES (USES)
Transfers out - - (26,600) (26,600)
Net change in fund balance 1,200 (8,800) (36,908) (28,108)
Fund balance - January 1 36,908 36,908 36,908 -
Fund balance - December 31 38,108$ 28,108$ -$ (28,108)$
136
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - FEDERAL POLICE ASSET FORFEITUR
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Fines and forfeits 3,000$ 3,000$ 585$ (2,415)$
EXPENDITURES
Capital outlay 15,000 15,000 - 15,000
Excess of revenues over (under)
expenditures (12,000) (12,000) 585 12,585
OTHER FINANCING SOURCES (USES)
Transfers out - - (30,521) (30,521)
Net change in fund balance (12,000) (12,000) (29,936) (17,936)
Fund balance - January 1 29,936 29,936 29,936 -
Fund balance - December 31 17,936$ 17,936$ -$ (17,936)$
137
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - EMS FIRE GRAN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Ori inal Final ctual Ne ative
REVENUES
Intergovernmental -$ 169,403$ 143,619$ (25,784)$
Public charges for services - 300 12,366 12,066
Miscellaneous 6,000 21,500 29,541 8,041
Total revenues 6,000 191,203 185,526 (5,677)
EXPENDITURES
Current
Public safety 11,100 298,801 87,071 211,730
Capital outlay - 103,831 103,967 (136)
Total expenditures 11,100 402,632 191,038 211,594
Excess of revenues over (under)
expenditures (5,100) (211,429) (5,512) 205,917
OTHER FINANCING SOURCES
Transfers in - - 30,120 30,120
Transfers out - - (5,000) (5,000)
Total other financing sources (uses)- - 25,120 25,120
Net change in fund balance (5,100) (211,429) 19,608 231,037
Fund balance - January 1 251,121 251,121 251,121 -
Fund balance - December 31 246,021$ 39,692$ 270,729$ 231,037$
138
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - HISTORICAL MARKE
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Miscellaneous 3,000$ 3,000$ 240$ (2,760)$
EXPENDITURES
Current
Culture and recreation 3,000 3,000 - 3,000
OTHER FINANCING SOURCES (USES)
Transfers out - - (23,845) (23,845)
Net change in fund balance - - (23,605) (23,605)
Fund balance - January 1 23,605 23,605 23,605 -
Fund balance - December 31 23,605$ 23,605$ -$ (23,605)$
139
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - COMMUNITY DEVELOPMENT SPECIAL
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 2,065,000$ 2,065,000$ 525,000$ (1,540,000)$
EXPENDITURES
Current
Conservation and development 2,065,000 2,065,000 575,025 1,489,975
Net change in fund balance - - (50,025) (50,025)
Fund balance - January 1 165,023 165,023 165,023 -
Fund balance - December 31 165,023$ 165,023$ 114,998$ (50,025)$
140
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - PARKS REVENUE FACILITIE
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 7,500$ 7,500$ -$ (7,500)$
Public charges for services 239,600 239,600 148,558 (91,042)
Miscellaneous 103,200 103,200 80,132 (23,068)
Total revenues 350,300 350,300 228,690 (121,610)
EXPENDITURES
Current
Culture and recreation 500,200 500,200 338,983 161,217
Capital outlay 15,000 86,422 85,385 1,037
Total expenditures 515,200 586,622 424,368 162,254
Excess of revenues over (under)
expenditures (164,900) (236,322) (195,678) 40,644
OTHER FINANCING SOURCES
Transfers in 50,000 50,000 73,845 23,845
Transfers out - - (2,005,457) (2,005,457)
Total other financing sources (uses)50,000 50,000 (1,931,612) (1,981,612)
Net change in fund balance (114,900) (186,322) (2,127,290) (1,940,968)
Fund balance - January 1 2,518,028 2,518,028 2,518,028 -
Fund balance - December 31 2,403,128$ 2,331,706$ 390,738$ (1,940,968)$
141
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - LEACH AMPHITHEATE
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 14,000$ 14,000$ 14,000$ -$
Public charges for services 44,000 44,000 2,826 (41,174)
Miscellaneous 20,000 20,000 5,237 (14,763)
Total revenues 78,000 78,000 22,063 (55,937)
EXPENDITURES
Current
Culture and recreation 111,100 111,100 69,183 41,917
Excess of revenues over (under)
expenditures (33,100) (33,100) (47,120) (14,020)
OTHER FINANCING SOURCES
Transfers in 34,000 34,000 34,000 -
Net change in fund balance 900 900 (13,120) (14,020)
Fund balance - January 1 53,327 53,327 53,327 -
Fund balance - December 31 54,227$ 54,227$ 40,207$ (14,020)$
142
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - PUBLIC WORKS SPECIA
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 250,000$ 250,000$ 175,265$ (74,735)$
EXPENDITURES
Current
Public works 250,000 250,000 147,918 102,082
Net change in fund balance - - 27,347 27,347
Fund balance - January 1 (105,260) (105,260) (105,260) -
Fund balance - December 31 (105,260)$ (105,260)$ (77,913)$ 27,347$
143
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - GARBAGE DISPOSA
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 1,350,300$ 1,350,300$ 1,350,300$ -$
Public charges for services 41,600 41,600 45,605 4,005
Total revenues 1,391,900 1,391,900 1,395,905 4,005
EXPENDITURES
Current
Public works 1,390,900 1,414,949 1,388,701 26,248
Net change in fund balance 1,000 (23,049) 7,204 30,253
Fund balance - January 1 121,820 121,820 121,820 -
Fund balance - December 31 122,820$ 98,771$ 129,024$ 30,253$
144
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - POLLOCK WATER PAR
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 64,000$ 64,000$ 64,000$ -$
Public charges for services 223,500 223,500 - (223,500)
Miscellaneous 138,000 138,000 - (138,000)
Total revenues 425,500 425,500 64,000 (361,500)
EXPENDITURES
Current
Culture and recreation 420,500 420,500 70,463 350,037
Capital outlay 5,000 5,000 4,209 791
Total expenditures 425,500 425,500 74,672 350,828
Net change in fund balance - - (10,672) (10,672)
Fund balance - January 1 92,624 92,624 92,624 -
Fund balance - December 31 92,624$ 92,624$ 81,952$ (10,672)$
145
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - HEALTHY NEIGHBORHOOD INITIATIV
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Miscellaneous 80,000$ 80,000$ 55,655$ (24,345)$
EXPENDITURES
Current
Conservation and development 831,800 831,800 382,089 449,711
Net change in fund balance (751,800) (751,800) (326,434) 425,366
Fund balance - January 1 4,447,807 4,447,807 4,447,807 -
Fund balance - December 31 3,696,007$ 3,696,007$ 4,121,373$ 425,366$
146
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - RENTAL INSPECTION
FOR THE YEAR ENDED DECEMBER 31, 2020
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 17,800 17,800 6,504 11,296
Net change in fund balance 7,200 7,200 19,786 12,586
Fund balance - January 1 11,055 11,055 11,055 -
Fund balance - December 31 18,255$ 18,255$ 30,841$ 12,586$
147
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - SPECIAL EVENT
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Miscellaneous 12,500$ -$ -$ -$
EXPENDITURES
Current
Culture and recreation 12,500 - 6,800 (6,800)
Net change in fund balance - - (6,800) (6,800)
Fund balance - January 1 - - - -
Fund balance - December 31 -$ -$ (6,800)$ (6,800)$
148
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - STREET TREE
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 18,000$ 37,100$ 17,620$ (19,480)$
Miscellaneous 6,000 25,000 10,020 (14,980)
Total revenues 24,000 62,100 27,640 (34,460)
EXPENDITURES
Current
Culture and recreation 23,000 61,100 39,938 21,162
Net change in fund balance 1,000 1,000 (12,298) (13,298)
Fund balance - January 1 19,318 19,318 19,318 -
Fund balance - December 31 20,318$ 20,318$ 7,020$ (13,298)$
149
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - EQUIPMEN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 986,000$ 986,000$ 986,000$ -$
Miscellaneous 6,848,100 6,913,100 17,404 (6,895,696)
Total revenues 7,834,100 7,899,100 1,003,404 (6,895,696)
EXPENDITURES
Current
Public works 961,400 983,499 224,891 758,608
Capital outlay 6,955,595 11,338,332 7,119,444 4,218,888
Total expenditures 7,916,995 12,321,831 7,344,335 4,977,496
Excess of revenues over (under)
expenditures (82,895) (4,422,731) (6,340,931) (1,918,200)
OTHER FINANCING SOURCES
Long-term debt issued - - 5,964,100 5,964,100
Net change in fund balance (82,895) (4,422,731) (376,831) 4,045,900
Fund balance - January 1 11,090,776 11,090,776 11,090,776 -
Fund balance - December 31 11,007,881$ 6,668,045$ 10,713,945$ 4,045,900$
150
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - PARK IMPROVEMENT AND ACQUISITIO
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 15,000$ 15,000$ 15,000$ -$
Public charges for services - - 1,065 1,065
Miscellaneous 2,570,000 2,570,000 10,274 (2,559,726)
Total revenues 2,585,000 2,585,000 26,339 (2,558,661)
EXPENDITURES
Capital outlay 2,940,680 3,096,220 244,324 2,851,896
Excess of revenues over (under)
expenditures (355,680) (511,220) (217,985) 293,235
OTHER FINANCING SOURCES
Long-term debt issued - - 575,000 575,000
Transfers in - - 2,005,457 2,005,457
Total other financing sources (uses)- - 2,580,457 2,580,457
Net change in fund balance (355,680) (511,220) 2,362,472 2,873,692
Fund balance - January 1 54,336 54,336 54,336 -
Fund balance - December 31 (301,344)$ (456,884)$ 2,416,808$ 2,873,692$
151
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - GRAND OPERA HOUS
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 2,000$ 2,000$ 2,000$ -$
Miscellaneous 25,000 25,000 12,501 (12,499)
Total revenues 27,000 27,000 14,501 (12,499)
EXPENDITURES
Current
Culture and recreation 27,400 27,400 31,321 (3,921)
Capital outlay 10,000 23,400 13,498 9,902
Total expenditures 37,400 50,800 44,819 5,981
Net change in fund balance (10,400) (23,800) (30,318) (6,518)
Fund balance - January 1 66,824 66,824 66,824 -
Fund balance - December 31 56,424$ 43,024$ 36,506$ (6,518)$
152
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - PARKING RAMP IMPROVEMENT
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Miscellaneous 110,600$ 110,600$ 64,351$ (46,249)$
EXPENDITURES
Current
Public works 24,000 24,000 26,544 (2,544)
Capital outlay 80,000 80,000 71,725 8,275
Total expenditures 104,000 104,000 98,269 5,731
Net change in fund balance 6,600 6,600 (33,918) (40,518)
Fund balance - January 1 357,527 357,527 357,527 -
Fund balance - December 31 364,127$ 364,127$ 323,609$ (40,518)$
153
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #8 S AVIATION INDUSTRIA
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
EXPENDITURES
Debt service
Principal 5,000$ 5,000$ 5,000$ -$
Interest and fiscal charges 1,100 1,100 893 207
Total expenditures 6,100 6,100 5,893 207
Net change in fund balance (6,100) (6,100) (5,893) 207
Fund balance - January 1 51,894 51,894 51,894 -
Fund balance - December 31 45,794$ 45,794$ 46,001$ 207$
154
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #10 MAIN AND WASHINGTO
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 12,500$ 12,500$ 12,956$ 456$
Intergovernmental - - 151 151
Total revenues 12,500 12,500 13,107 607
EXPENDITURES
Current
Conservation and development 200 200 149 51
Net change in fund balance 12,300 12,300 12,958 658
Fund balance - January 1 26,701 26,701 26,701 -
Fund balance - December 31 39,001$ 39,001$ 39,659$ 658$
155
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #11 OSHKOSH OFFICE CENTE
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 6,300$ 6,300$ 10,210$ 3,910$
EXPENDITURES
Current
Conservation and development 200 200 150 50
Net change in fund balance 6,100 6,100 10,060 3,960
Fund balance - January 1 42,060 42,060 42,060 -
Fund balance - December 31 48,160$ 48,160$ 52,120$ 3,960$
156
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #12 DIVISION STREE
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 120,300$ 120,300$ 120,679$ 379$
Intergovernmental - - 1,953 1,953
Total revenues 120,300 120,300 122,632 2,332
EXPENDITURES
Current
Conservation and development 91,100 91,100 70,190 20,910
Debt service
Principal - - 20,000 (20,000)
Interest and fiscal charges - - 940 (940)
Total expenditures 91,100 91,100 91,130 (30)
Net change in fund balance 29,200 29,200 31,502 2,302
Fund balance - January 1 760,411 760,411 760,411 -
Fund balance - December 31 789,611$ 789,611$ 791,913$ 2,302$
157
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #13 MARION ROAD/ PEARL AVE
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 269,300$ 269,300$ 267,153$ (2,147)$
Intergovernmental - - 10,112 10,112
Total revenues 269,300 269,300 277,265 7,965
EXPENDITURES
Current
Conservation and development 1,209,100 1,209,100 1,250 1,207,850
Debt service
Principal - - 1,115,000 (1,115,000)
Interest and fiscal charges - - 93,911 (93,911)
Total expenditures 1,209,100 1,209,100 1,210,161 (1,061)
Net change in fund balance (939,800) (939,800) (932,896) 6,904
Fund balance - January 1 1,055,302 1,055,302 1,055,302 -
Fund balance - December 31 115,502$ 115,502$ 122,406$ 6,904$
158
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #14 MERCY MEDICA
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 503,900$ 503,900$ 225,525$ (278,375)$
Intergovernmental - - 112 112
Total revenues 503,900 503,900 225,637 (278,263)
EXPENDITURES
Current
Conservation and development 469,100 473,770 87,763 386,007
Debt service
Principal - - 95,000 (95,000)
Interest and fiscal charges - - 10,805 (10,805)
Total expenditures 569,100 573,770 193,568 380,202
Net change in fund balance (65,200) (69,870) 32,069 101,939
Fund balance - January 1 797,766 797,766 797,766 -
Fund balance - December 31 732,566$ 727,896$ 829,835$ 101,939$
159
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #15 PARK PLAZ
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 253,700$ 253,700$ 202,920$ (50,780)$
Intergovernmental - - 47,574 47,574
Total revenues 253,700 253,700 250,494 (3,206)
EXPENDITURES
Current
Conservation and development 126,500 126,500 78,249 48,251
Debt service
Principal - - 40,000 (40,000)
Interest and fiscal charges - - 2,755 (2,755)
Total expenditures 126,500 126,500 121,004 5,496
Net change in fund balance 127,200 127,200 129,490 2,290
Fund balance - January 1 2,575,681 2,575,681 2,575,681 -
Fund balance - December 31 2,702,881$ 2,702,881$ 2,705,171$ 2,290$
160
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #16 100 BLOCK REDEVELOPMEN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 130,200$ 130,200$ 129,670$ (530)$
Intergovernmental - - 564 564
Total revenues 130,200 130,200 130,234 34
EXPENDITURES
Current
Conservation and development 306,400 556,400 119,308 437,092
Debt service
Principal - - 220,000 (220,000)
Interest and fiscal charges - - 17,040 (17,040)
Total expenditures 306,400 556,400 356,348 200,052
Net change in fund balance (176,200) (426,200) (226,114) 200,086
Fund balance - January 1 742,915 742,915 742,915 -
Fund balance - December 31 566,715$ 316,715$ 516,801$ 200,086$
161
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #17 CITY CENTRE
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 328,100$ 328,100$ 269,735$ (58,365)$
Intergovernmental - - 52,522 52,522
Total revenues 328,100 328,100 322,257 (5,843)
EXPENDITURES
Current
Conservation and development 446,100 446,100 150 445,950
Debt service
Principal - - 1,195,000 (1,195,000)
Interest and fiscal charges - - 74,644 (74,644)
Total expenditures 446,100 446,100 1,269,794 (823,694)
Excess of revenues over (under)
expenditures (118,000) (118,000) (947,537) (829,537)
OTHER FINANCING SOURCES (USES)
Long-term debt issued - - 780,000 780,000
Net change in fund balance (118,000) (118,000) (167,537) (49,537)
Fund balance - January 1 675,127 675,127 675,127 -
Fund balance - December 31 557,127$ 557,127$ 507,590$ (49,537)$
162
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #18 SW INDUSTRIAL #
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 448,400$ 448,400$ 442,746$ (5,654)$
Intergovernmental - - 54,240 54,240
Total revenues 448,400 448,400 496,986 48,586
EXPENDITURES
Current
Conservation and development 335,600 335,600 150 335,450
Debt service
Principal - - 300,000 (300,000)
Interest and fiscal charges - - 25,550 (25,550)
Total expenditures 335,600 335,600 325,700 9,900
Net change in fund balance 112,800 112,800 171,286 58,486
Fund balance - January 1 (1,578,243) (1,578,243) (1,578,243) -
Fund balance - December 31 (1,465,443)$ (1,465,443)$ (1,406,957)$ 58,486$
163
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #19 NW INDUSTRIAL EXPANSIO
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 218,000$ 218,000$ 221,635$ 3,635$
Intergovernmental - - 25,259 25,259
Total revenues 218,000 218,000 246,894 28,894
EXPENDITURES
Current
Conservation and development 164,400 164,400 71,283 93,117
Debt service
Principal - - 70,000 (70,000)
Interest and fiscal charges - - 7,200 (7,200)
Capital outlay - 23,011 23,011 -
Total expenditures 164,400 187,411 171,494 15,917
Excess of revenues over (under)
expenditures 53,600 30,589 75,400 44,811
OTHER FINANCING SOURCES (USES)
Long-term debt issued - - 20,000 20,000
Net change in fund balance 53,600 30,589 95,400 64,811
Fund balance - January 1 326,606 326,606 326,606 -
Fund balance - December 31 380,206$ 357,195$ 422,006$ 64,811$
164
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #20 SOUTH SIDE FOX RIVE
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 126,000$ 126,000$ 1,049$ (124,951)$
EXPENDITURES
Current
Conservation and development - - 24,437 (24,437)
Debt service
Principal - - 270,000 (270,000)
Interest and fiscal charges - - 71,498 (71,498)
Capital outlay 3,192,217 2,479,466 1,554,193 925,273
Total expenditures 3,192,217 2,479,466 1,920,128 559,338
Net change in fund balance (3,066,217) (2,353,466) (1,919,079) 434,387
Fund balance - January 1 5,238,908 5,238,908 5,238,908 -
Fund balance - December 31 2,172,691$ 2,885,442$ 3,319,829$ 434,387$
165
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #21 FOX RIVER CORRIDO
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 317,800$ 317,800$ 371,310$ 53,510$
Intergovernmental - - 485 485
Total revenues 317,800 317,800 371,795 53,995
EXPENDITURES
Current
Conservation and development 315,700 361,770 32,757 329,013
Debt service
Principal - - 1,340,000 (1,340,000)
Interest and fiscal charges - - 30,271 (30,271)
Capital outlay 620,000 620,000 3,441 616,559
Total expenditures 935,700 981,770 1,406,469 (424,699)
Excess of revenues over (under)
expenditures (617,900) (663,970) (1,034,674) (370,704)
OTHER FINANCING SOURCES (USES)
Long-term debt issued - - 1,160,000 1,160,000
Net change in fund balance (617,900) (663,970) 125,326 789,296
Fund balance - January 1 (529,658) (529,658) (529,658) -
Fund balance - December 31 (1,147,558)$ (1,193,628)$ (404,332)$ 789,296$
166
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #23 SW INDUSTRIAL PAR
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
EXPENDITURES
Current
Conservation and development -$ -$ 3,426$ (3,426)$
Debt service
Principal - - 1,303,733 (1,303,733)
Interest and fiscal charges - - 112,584 (112,584)
Capital outlay 3,469,400 433,360 11,283 422,077
Total expenditures 3,469,400 433,360 1,431,026 (997,666)
Excess of revenues over (under)
expenditures (3,469,400) (433,360) (1,431,026) (997,666)
OTHER FINANCING SOURCES
Long-term debt issued - - 765,000 765,000
Transfers in - - 819,043 819,043
Total other financing sources (uses)- - 1,584,043 1,584,043
Net change in fund balance (3,469,400) (433,360) 153,017 586,377
Fund balance - January 1 (1,170,895) (1,170,895) (1,170,895) -
Fund balance - December 31 (4,640,295)$ (1,604,255)$ (1,017,878)$ 586,377$
167
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #24 OSHKOSH COR
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 225,200$ 225,200$ 5,504$ (219,696)$
Intergovernmental - - 8,693 8,693
Total revenues 225,200 225,200 14,197 (211,003)
EXPENDITURES
Current
Conservation and development 225,000 225,000 4,978 220,022
Net change in fund balance 200 200 9,219 9,019
Fund balance - January 1 35,983 35,983 35,983 -
Fund balance - December 31 36,183$ 36,183$ 45,202$ 9,019$
168
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #25 CITY CENTER HOTEL
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 256,100$ 256,100$ 253,132$ (2,968)$
Intergovernmental - - 7,674 7,674
Total revenues 256,100 256,100 260,806 4,706
EXPENDITURES
Current
Conservation and development 274,800 274,800 150 274,650
Debt service
Principal - - 234,602 (234,602)
Interest and fiscal charges - - 19,951 (19,951)
Total expenditures 274,800 274,800 254,703 20,097
Net change in fund balance (18,700) (18,700) 6,103 24,803
Fund balance - January 1 (1,764,870) (1,764,870) (1,764,870) -
Fund balance - December 31 (1,783,570)$ (1,783,570)$ (1,758,767)$ 24,803$
169
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #26 AVIATION BUSINESS PAR
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Miscellaneous -$ -$ 2,700$ 2,700$
EXPENDITURES
Current
Conservation and development 422,700 422,700 150 422,550
Debt service
Principal - - 369,974 (369,974)
Interest and fiscal charges - - 42,534 (42,534)
Total expenditures 422,700 422,700 412,658 10,042
Net change in fund balance (422,700) (422,700) (409,958) 12,742
Fund balance - January 1 (1,954,971) (1,954,971) (1,954,971) -
Fund balance - December 31 (2,377,671)$ (2,377,671)$ (2,364,929)$ 12,742$
170
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #27 NORTH MAIN STREE
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 208,300$ 208,300$ 164,448$ (43,852)$
Intergovernmental - - 55,745 55,745
Total revenues 208,300 208,300 220,193 11,893
EXPENDITURES
Current
Conservation and development 60,200 60,200 432 59,768
Net change in fund balance 148,100 148,100 219,761 71,661
Fund balance - January 1 (2,033,164) (2,033,164) (2,033,164) -
Fund balance - December 31 (1,885,064)$ (1,885,064)$ (1,813,403)$ 71,661$
171
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #28 BEACH BUILDING REDEVELOPMEN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 45,600$ 45,600$ 6,092$ (39,508)$
EXPENDITURES
Current
Conservation and development 37,200 37,200 150 37,050
Net change in fund balance 8,400 8,400 5,942 (2,458)
Fund balance - January 1 (2,999) (2,999) (2,999) -
Fund balance - December 31 5,401$ 5,401$ 2,943$ (2,458)$
172
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #29 MORGAN DISTRIC
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 5,300$ 5,300$ 5,512$ 212$
EXPENDITURES
Current
Conservation and development 2,000 2,000 2,326 (326)
Net change in fund balance 3,300 3,300 3,186 (114)
Fund balance - January 1 (3,281) (3,281) (3,281) -
Fund balance - December 31 19$ 19$ (95)$ (114)$
173
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #30 WASHINGTON BUILDIN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 41,200$ 41,200$ 7,236$ (33,964)$
EXPENDITURES
Current
Conservation and development 62,000 62,000 963 61,037
Net change in fund balance (20,800) (20,800) 6,273 27,073
Fund balance - January 1 (433) (433) (433) -
Fund balance - December 31 (21,233)$ (21,233)$ 5,840$ 27,073$
174
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #31 BUCKSTAFF REDEVELOPMEN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 473,100$ 473,100$ 53,966$ (419,134)$
EXPENDITURES
Current
Conservation and development 523,500 523,500 69,410 454,090
Debt service
Principal - - 7,960 (7,960)
Interest and fiscal charges - - 5,294 (5,294)
Total expenditures 523,500 523,500 82,664 440,836
Net change in fund balance (50,400) (50,400) (28,698) 21,702
Fund balance - January 1 (59,698) (59,698) (59,698) -
Fund balance - December 31 (110,098)$ (110,098)$ (88,396)$ 21,702$
175
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #32 GRANARY REDEVELOPMEN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 11,700$ 11,700$ 1,201$ (10,499)$
EXPENDITURES
Current
Conservation and development 12,200 12,200 150 12,050
Net change in fund balance (500) (500) 1,051 1,551
Fund balance - January 1 379 379 379 -
Fund balance - December 31 (121)$ (121)$ 1,430$ 1,551$
176
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #33 LAMICO REDEVELOPMEN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 210,000$ 210,000$ 67,276$ (142,724)$
EXPENDITURES
Current
Conservation and development 210,000 210,000 2,250 207,750
Net change in fund balance - - 65,026 65,026
Fund balance - January 1 2,633 2,633 2,633 -
Fund balance - December 31 2,633$ 2,633$ 67,659$ 65,026$
177
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #34 OSHKOSH CORP HEADQUARTER
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental 1,093,200$ 1,093,200$ 315,764$ (777,436)$
EXPENDITURES
Current
Conservation and development 310,200 310,200 150 310,050
Net change in fund balance 783,000 783,000 315,614 (467,386)
Fund balance - January 1 419,345 419,345 419,345 -
Fund balance - December 31 1,202,345$ 1,202,345$ 734,959$ (467,386)$
178
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #35 OSHKOSH AVE. CORRIDO
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes -$ -$ 9,327$ 9,327$
Intergovernmental 638,000 638,000 - (638,000)
Total revenues 638,000 638,000 9,327 (628,673)
EXPENDITURES
Current
Conservation and development 68,700 68,700 209 68,491
Debt service
Principal - - 30,000 (30,000)
Interest and fiscal charges - - 23,531 (23,531)
Capital outlay - 372,693 323,743 48,950
Total expenditures 68,700 441,393 377,483 63,910
Net change in fund balance 569,300 196,607 (368,156) (564,763)
Fund balance - January 1 (696,763) (696,763) (696,763) -
Fund balance - December 31 (127,463)$ (500,156)$ (1,064,919)$ (564,763)$
179
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #36 MERGE REDEVELOPMEN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
EXPENDITURES
Current
Conservation and development 50,200$ 50,200$ 19,961$ 30,239$
Net change in fund balance (50,200) (50,200) (19,961) 30,239
Fund balance - January 1 22,440 22,440 22,440 -
Fund balance - December 31 (27,760)$ (27,760)$ 2,479$ 30,239$
180
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #37 AVIATION PLAZ
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
EXPENDITURES
Current
Conservation and development 20,000$ 20,000$ 431$ 19,569$
Net change in fund balance (20,000) (20,000) (431) 19,569
Fund balance - January 1 (16,370) (16,370) (16,370) -
Fund balance - December 31 (36,370)$ (36,370)$ (16,801)$ 19,569$
181
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #38 PIONEER REDEVELOPMENT
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
EXPENDITURES
Current
Conservation and development -$ 40,000$ 10,650$ 29,350$
Net change in fund balance - (40,000) (10,650) 29,350
Fund balance - January 1 (1,500) (1,500) (1,500) -
Fund balance - December 31 (1,500)$ (41,500)$ (12,150)$ 29,350$
182
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANC
BUDGET AND ACTUAL - TIF #39 CABRINi SCHOOL REDEVELOPMEN
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Public charges for services -$ -$ 10,000$ 10,000$
EXPENDITURES
Current
Conservation and development - 40,000 1,000 39,000
Net change in fund balance - (40,000) 9,000 49,000
Fund balance - January 1 - - - -
Fund balance - December 31 -$ (40,000)$ 9,000$ 49,000$
183
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION
BUDGET AND ACTUAL - TRANSIT UTILIT
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Charges for services 1,065,600$ 1,065,600$ 846,296$ (219,304)$
Other 81,500 81,500 41,417 (40,083)
Total revenues 1,147,100 1,147,100 887,713 (259,387)
EXPENDITURES
Operation and maintenance 5,194,000 9,732,000 4,005,851 5,726,149
Depreciation - - 869,334 (869,334)
Total expenditures 5,194,000 9,732,000 4,875,185 4,856,815
Operating income (loss)(4,046,900) (8,584,900) (3,987,472) 4,597,428
NONOPERATING REVENUES (EXPENSES)
General property taxes 809,500 809,500 809,500 -
Nonoperating grants 3,222,600 7,726,600 3,379,612 (4,346,988)
Interest and fiscal charges (25,400) (25,400) (45,930) (20,530)
Total nonoperating revenues (expenses)4,006,700 8,510,700 4,143,182 (4,367,518)
Income (loss) before contributions
and transfers (40,200) (74,200) 155,710 229,910
Transfers out - - (13,575) (13,575)
Change in net position (40,200) (74,200) 142,135 216,335
Net Position - January 1 8,330,466 8,330,466 8,330,466 -
Net Position - December 31 8,290,266$ 8,256,266$ 8,472,601$ 216,335$
184
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION
BUDGET AND ACTUAL - WATER UTILIT
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Charges for services 16,898,200$ 16,898,200$ 15,334,797$ (1,563,403)$
Other 126,500 126,500 241,812 115,312
Total revenues 17,024,700 17,024,700 15,576,609 (1,448,091)
EXPENDITURES
Operation and maintenance 7,809,900 7,835,831 6,126,179 1,709,652
Depreciation 3,259,900 3,259,900 3,589,037 (329,137)
Taxes 175,700 175,700 170,077 5,623
Total expenditures 11,245,500 11,271,431 9,885,293 1,386,138
Operating income (loss)5,779,200 5,753,269 5,691,316 (61,953)
NONOPERATING REVENUES (EXPENSES)
Interest income 326,300 326,300 131,718 (194,582)
Gain (loss) on disposal of capital assets - - 1,889 1,889
Interest and fiscal charges (1,824,300) (1,824,300) (1,587,479) 236,821
Total nonoperating revenues (expenses)(1,498,000) (1,498,000) (1,453,872) 44,128
Income (loss) before contributions
and transfers 4,281,200 4,255,269 4,237,444 (17,825)
Capital contributions 57,900 57,900 14,394 (43,506)
Transfers out (1,000,000) (1,000,000) (1,000,000) -
Change in net position 3,339,100 3,313,169 3,251,838 (61,331)
Net Position - January 1 73,791,597 73,791,597 73,791,597 -
Net Position - December 31 77,130,697$ 77,104,766$ 77,043,435$ (61,331)$
185
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION
BUDGET AND ACTUAL - SEWER UTILIT
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Charges for services 16,169,500$ 16,169,500$ 15,285,307$ (884,193)$
EXPENDITURES
Operation and maintenance 6,794,900 6,794,900 6,037,623 757,277
Depreciation 4,152,400 4,152,400 3,884,811 267,589
Taxes 171,800 171,800 173,962 2,162
Total expenditures 11,119,100 11,119,100 10,096,396 1,022,704
Operating income (loss)5,050,400 5,050,400 5,188,911 138,511
NONOPERATING REVENUES (EXPENSES)
Interest income 352,300 352,300 215,927 (136,373)
Gain (loss) on disposal of capital assets - - 2,383 2,383
Interest and fiscal charges (2,266,400) (2,266,400) (2,133,333) 133,067
Total nonoperating revenues (expenses)(1,914,100) (1,914,100) (1,915,023) (923)
Income (loss) before contributions
and transfers 3,136,300 3,136,300 3,273,888 137,588
Capital contributions 378,500 378,500 226,497 (152,003)
Change in net position 3,514,800 3,514,800 3,500,385 (14,415)
Net position - January 1, As originally stated 73,113,189 73,113,189 73,113,189 -
Prior period adjustment - - (3,436,793) (3,436,793)
Net position - January 1 73,113,189 73,113,189 69,676,396 (3,436,793)
Net position - December 31 76,627,989$ 76,627,989$ 73,176,781$ (3,451,208)$
186
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION
BUDGET AND ACTUAL - STORM WATER UTILIT
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Charges for services 11,421,200$ 11,421,200$ 11,551,325$ 130,125$
Other 3,000 3,000 48,128 45,128
Total revenues 11,424,200 11,424,200 11,599,453 175,253
EXPENDITURES
Operation and maintenance 2,515,500 2,541,757 2,229,197 312,560
Depreciation 2,263,000 2,263,000 2,346,232 (83,232)
Taxes 71,000 71,000 68,958 2,042
Total expenditures 4,849,500 4,875,757 4,644,387 231,370
Operating income (loss)6,574,700 6,548,443 6,955,066 406,623
NONOPERATING REVENUES (EXPENSES)
Interest income 440,000 440,000 235,949 (204,051)
Nonoperating grants 4,000 4,000 360,706 356,706
Gain (loss) on disposal of capital assets - - 2,175 2,175
Interest and fiscal charges (3,178,400) (3,178,400) (2,842,362) 336,038
Total nonoperating revenues (expenses)(2,734,400) (2,734,400) (2,243,532) 490,868
Income (loss) before contributions
and transfers 3,840,300 3,814,043 4,711,534 897,491
Capital contributions 127,300 127,300 - (127,300)
Change in net position 3,967,600 3,941,343 4,711,534 770,191
Net Position - January 1 55,928,178 55,928,178 55,928,178 -
Net Position - December 31 59,895,778$ 59,869,521$ 60,639,712$ 770,191$
187
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION
BUDGET AND ACTUAL - PARKING UTILIT
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Charges for services 132,400$ 132,400$ 76,854$ (55,546)$
Fines, forfeitures and penalties 15,000 15,000 12,137 (2,863)
Total revenues 147,400 147,400 88,991 (58,409)
EXPENDITURES
Operation and maintenance 117,800 117,800 107,303 10,497
Depreciation 150,000 150,000 133,171 16,829
Total expenditures 267,800 267,800 240,474 27,326
Operating income (loss)(120,400) (120,400) (151,483) (31,083)
NONOPERATING REVENUES (EXPENSES)
Interest and fiscal charges (600) (600) (1,750) (1,150)
Change in net position (121,000) (121,000) (153,233) (32,233)
Net Position - January 1 3,595,127 3,595,127 3,595,127 -
Net Position - December 31 3,474,127$ 3,474,127$ 3,441,894$ (32,233)$
188
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION
BUDGET AND ACTUAL - OSHKOSH REDEVELOPMENT PROJEC
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Taxes 1,753,700$ 1,753,700$ 831,538$ (922,162)$
Other 92,700 96,750 42,017 (54,733)
Total revenues 1,846,400 1,850,450 873,555 (976,895)
EXPENDITURES
Operation and maintenance 1,436,200 1,440,250 967,943 472,307
Depreciation - - 165,029 (165,029)
Total expenditures 1,436,200 1,440,250 1,132,972 307,278
Operating income (loss)410,200 410,200 (259,417) (669,617)
NONOPERATING REVENUES (EXPENSES)
Interest and fiscal charges (81,300) (81,300) (72,007) 9,293
Change in net position 328,900 328,900 (331,424) (660,324)
Net Position - January 1 9,144,560 9,144,560 9,144,560 -
Net Position - December 31 9,473,460$ 9,473,460$ 8,813,136$ (660,324)$
189
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION
BUDGET AND ACTUAL - INDUSTRIAL PAR
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
EXPENDITURES
Operation and maintenance 45,000$ 45,000$ 16,148$ 28,852$
Operating income (loss)(45,000) (45,000) (16,148) 28,852
NONOPERATING REVENUES (EXPENSES)
Gain (loss) on disposal of capital assets 100,000 100,000 834,477 734,477
Interest and fiscal charges - - (14,363) (14,363)
Total nonoperating revenues (expenses)100,000 100,000 820,114 720,114
Income (loss) before contributions
and transfers 55,000 55,000 803,966 748,966
Transfers out - - (819,043) (819,043)
Change in net position 55,000 55,000 (15,077) (70,077)
Net Position - January 1 3,031,272 3,031,272 3,031,272 -
Net Position - December 31 3,086,272$ 3,086,272$ 3,016,195$ (70,077)$
190
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION
BUDGET AND ACTUAL - INSPECTION SERVICES
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Charges for services 982,000$ 982,000$ 1,141,203$ 159,203$
EXPENDITURES
Operation and maintenance 962,600 962,600 894,372 68,228
Change in net position 19,400 19,400 246,831 227,431
Net Position - January 1 913,912 913,912 913,912 -
Net Position - December 31 933,312$ 933,312$ 1,160,743$ 227,431$
191
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION
BUDGET AND ACTUAL - HOSPITAL INSURANC
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Charges for services 382,400$ 377,400$ 382,401$ 5,001$
Other - 5,000 - (5,000)
Total revenues 382,400 382,400 382,401 1
EXPENDITURES
Claims and administration 137,600 357,600 302,624 54,976
Change in net position 244,800 24,800 79,777 54,977
Net Position - January 1 1,814,807 1,814,807 1,814,807 -
Net Position - December 31 2,059,607$ 1,839,607$ 1,894,584$ 54,977$
192
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION
BUDGET AND ACTUAL - POLICE PENSION
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
EXPENDITURES
Claims and administration 5,200$ 5,200$ 5,119$ 81$
Operating income (loss)(5,200) (5,200) (5,119) 81
NONOPERATING REVENUES (EXPENSES)
Interest income 3,900 3,900 14,430 10,530
Change in net position (1,300) (1,300) 9,311 10,611
Net Position - January 1 575,059 575,059 575,059 -
Net Position - December 31 573,759$ 573,759$ 584,370$ 10,611$
193
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION
BUDGET AND ACTUAL - FIRE PENSION
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
NONOPERATING REVENUES (EXPENSES)
Interest income 1,300$ 1,300$ 3,856$ 2,556$
Net Position - January 1 143,200 143,200 143,200 -
Net Position - December 31 144,500$ 144,500$ 147,056$ 2,556$
194
City of Oshkosh, Wisconsin
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION
BUDGET AND ACTUAL - WORKMAN'S COMPENSATION
FOR THE YEAR ENDED DECEMBER 31, 2020
Variance
Final Budget -
Budget Positive
Original Final Actual (Negative)
REVENUES
Charges for services 70,500$ 70,500$ -$ (70,500)$
Other 411,100 411,100 412,942 1,842
Total revenues 481,600 481,600 412,942 (68,658)
EXPENDITURES
Claims and administration 534,400 684,400 1,178,813 (494,413)
Change in net position (52,800) (202,800) (765,871) (563,071)
Net Position - January 1 299,970 299,970 299,970 -
Net Position - December 31 247,170$ 97,170$ (465,901)$ (563,071)$
195
2020 2019 2018 2017 2016
Governmental Activities
Net Investment in Capital Assets 53,733,398$ 47,319,281$ 43,812,963$ 37,227,904$ 39,752,753$
Restricted 38,831,796 28,695,910 27,951,509 28,379,167 22,305,281
Unrestricted 36,987,614 48,436,055 47,114,137 33,786,672 26,329,710
Total Governmental Activities Net Position 129,552,808$ 124,451,246$ 118,878,609$ 99,393,743$ 88,387,744$
Business-Type Activities
Net Investment in Capital Assets 162,667,610$ 145,221,685$ 140,276,752$ 113,691,844$ 120,012,568$
Restricted 1,555,705 16,792,800 16,279,781 12,250,194 31,949,679
Unrestricted 71,541,182 65,833,816 58,666,104 73,264,160 33,991,810
Total Business-Type Activities Net Position 235,764,497$ 227,848,301$ 215,222,637$ 199,206,198$ 185,954,057$
Primary government
Net Investment in Capital Assets 216,401,008$ 192,540,966$ 184,089,715$ 150,919,748$ 159,765,321$
Restricted 40,387,501 45,488,710 44,231,290 40,629,361 54,254,960
Unrestricted 109,882,507 114,269,871 105,780,241 107,050,832 60,321,520
Total Primary Government Net Position 366,671,016$ 352,299,547$ 334,101,246$ 298,599,941$ 274,341,801$
City of Oshkosh, Wisconsin
Net Position
Last Five Years
(accrual basis of accounting)
196
2020 2019 2018 2017 2016
Program Revenues
Governmental Activities:
Charges for Services:
General Government 936,771$ 1,602,025$ 1,579,036$ 1,600,030$ 1,438,721$
Public Safety 2,786,871 3,575,002 2,930,736 3,323,449 3,275,667
Public Works 3,999,812 4,770,871 4,194,483 4,351,816 4,318,592
Health and Human Services 97,715 150,266 158,010 128,185 197,444
Culture and recreation 471,878 1,038,940 1,331,976 991,340 1,328,326
Transportation 35,254 46,162 49,406 32,311 74,052
Conservation and Development 1,222,951 1,238,017 1,910,581 1,948,213 1,160,765
Operating grants and contributions 7,723,599 7,296,173 7,382,098 5,548,647 5,931,258
Capital grants and contributions 1,336,243 2,574,279 5,997,060 6,321,824 2,731,515
Total Governmental Activities Program Revenues 18,611,094 22,291,735 25,533,386 24,245,815 20,456,340
Business-Type Activities:
Charges for Services:
Transit utility 880,008 1,116,993 995,725 895,265 1,153,149
Water utility 15,576,609 16,109,837 15,465,120 15,122,194 14,445,314
Sewer utility 15,248,469 15,192,344 14,560,093 13,530,955 12,601,254
Storm Water utility 11,599,453 10,753,050 9,986,323 9,254,565 8,762,387
Other 2,109,141 3,328,348 3,357,933 3,847,579 3,771,400
Operating grants and contributions 3,740,318 4,226,850 3,110,752 3,189,855 3,001,264
Capital grants and contributions 240,891 1,911,582 5,085,796 3,935,617 4,208,145
Total Business-Type Activities Program Revenues 49,394,889 52,639,004 52,561,742 49,776,030 47,942,913
Total Primary Government Program Revenues 68,005,983 74,930,739 78,095,128 74,021,845 68,399,253
Expenses
Governmental Activities:
General Government 6,861,389 7,206,740 6,994,718 7,136,366 7,798,046
Public Safety 26,973,652 31,705,030 28,413,351 29,348,673 27,967,136
Public Works 20,166,108 15,888,569 13,759,356 15,167,905 15,386,290
Health and Human Services 1,126,177 1,013,157 934,016 1,042,797 930,952
Culture and recreation 8,687,753 9,395,932 9,363,655 8,914,798 8,785,030
Transportation 756,552 1,081,675 712,193 1,038,006 1,092,783
Conservation and Development 7,894,395 8,690,720 2,398,993 6,364,471 14,892,738
Unclassified 1,169,374 875,692 1,149,873 1,310,095 662,548
Interest and Fiscal Charges 3,413,132 3,267,500 3,521,757 3,479,436 3,849,290
Total Governmental Activities Expenses 77,048,532 79,125,015 67,247,912 73,802,547 81,364,813
Business-Type Activities:
Transit utility 4,921,115 5,373,317 5,252,110 5,115,027 4,809,392
Water utility 11,472,772 11,119,434 10,863,872 10,466,239 10,892,066
Sewer utility 12,192,891 12,647,065 11,962,807 11,528,889 10,825,702
Storm Water utility 7,486,749 7,184,160 6,911,334 6,375,794 6,312,063
Other 2,371,469 2,951,779 3,075,088 3,454,550 3,350,343
Total Business-Type Activities Expenses 38,444,996 39,275,755 38,065,211 36,940,499 36,189,566
Total Primary Government Expenses 115,493,528 118,400,770 105,313,123 110,743,046 117,554,379
City of Oshkosh, Wisconsin
Changes in Net Position
Last Five Years
(accrual basis of accounting)
197
2020 2019 2018 2017 2016
Net (Expense)/Revenue
Governmental Activities (58,437,438)$ (56,833,280)$ (49,556,732)$ (49,556,732)$ (60,908,473)$
Business-Type Activities 10,949,893 13,363,249 12,835,531 12,835,531 11,753,347
Total Primary Government Net Expense (47,487,545) (43,470,031) (36,721,201) (36,721,201) (49,155,126)
General Revenues and Other Changes in Net Position
Governmental Activities:
Taxes:
Property and Other Local Taxes Levied For:
General Purposes 28,259,622 27,149,155 26,088,061 25,568,490 16,540,825
Other Purposes 3,048,593 4,111,868 7,053,820 6,652,124 13,439,350
Debt Service 12,070,600 11,451,100 10,985,500 10,323,676 9,851,809
13,718,267 13,092,274 14,004,464 13,868,473 13,286,136
Investment Earnings 1,311,446 2,171,166 966,466 1,898,404 1,351,658
Gain (Loss) on Sale of Capital Assets 62,184 42,630 16,841 150,275 18,075
Miscellaneous 4,589,381 1,385,542 355,433 1,136,780 476,935
Transfers 1,832,618 3,002,182 1,371,400 964,509 985,255
Total Governmental Activities 64,892,711 62,405,917 60,841,985 60,562,731 55,950,043
Business-Type Activities:
General Purposes property taxes levied for 809,500 947,700 920,600 887,524 843,391
Investment Earnings 583,594 1,307,437 788,592 493,595 288,022
Gain (Loss) on Sale of Capital Assets 825,490 1,650 7,311 - 33,670
Miscellaneous 17,130 7,810 2,163,840 - -
Transfers (1,832,618) (3,002,182) (1,371,400) (964,509) (985,255)
Total Business-Type Activities 403,096 (737,585) 2,508,943 416,610 179,828
Total Primary Government 65,295,807 61,668,332 63,350,928 60,979,341 56,129,871
Change in Net Position
Governmental Activities 6,455,273 5,572,637 19,127,459 11,005,999 (4,958,430)
Business-Type Activities 11,352,989 12,625,664 17,005,474 13,252,141 11,933,175
Total Primary Government Change in Net Position 17,808,262$ 18,198,301$ 36,132,933$ 24,258,140$ 6,974,745$
Last Five Years
(accrual basis of accounting)
State and Federal Aids Not Restricted to Specific Functions
City of Oshkosh, Wisconsin
Changes in Net Position (continued)
198
2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
FUND BALANCES
RESERVED -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
UNRESERVED - - - -- - - - - -
NONSPENDABLE
Inventories and prepaid items 220,529 150,934 83,851 59,300 46,778 17,259 33,723 13,477 63,560 20,117
Receivables from other funds 113,993 703,921 - 1,704,665 8,022,157 13,302,738 480,191 6,082,872 9,023,957 7,822,388
RESTRICTED
Construction of assets 10,222,843 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
Debt service 124,348 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
Special purposes 2,522,182 2,982,819 5,915,198 4,873,307 6,169,377 5,676,076 3,763,430 3,121,059 2,954,583 3,619,623
Trust agreements 11,636,360 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
COMMITTED
Special purposes 8,068,583 4,541,964 5,000,463 1,171,091 1,786,878 1,948,928 870,296 327,044 199,313 453,083
ASSIGNED
Subsequent years 9,035,291 49,180 161,205 - 1,835 - 44,977 91,977 502,664 687,688
Special purposes - 5,508,363 - - - - - - - -
Construction of assets 21,941,110 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
UNASSIGNED
General fund 16,931,202 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
Special revenue funds (84,713) (294,067) 1,181,668 (3,636,920)(74,716) (4,637,412) (3,986,743) (2,058,210) (632,057) (51,337)
Capital project funds (10,140,129) (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)
Total Fund Balances 70,591,599$ 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$
CITY OF OSHKOSH, WISCONSIN
Fund Balances, Governmental Funds
Last Ten Years
December 31, 2020
199
2020 2019 2018 2017 2016
Revenues
Taxes 43,238,205$ 42,525,650$ 43,928,857$ 42,339,970$ 39,678,624$
Special assessments 2,397,687 3,790,351 3,408,853 2,819,275 1,745,129
Intergovernmental 21,214,095 19,564,647 22,494,060 19,375,160 19,018,924
Licenses and permits 813,981 1,020,303 1,010,623 974,230 854,691
Fines and forfeits 555,420 904,250 763,489 799,480 697,837
Public charges for services 4,044,615 5,709,092 4,526,077 3,809,875 4,194,606
Intergovernmental charges for services 3,253,866 4,592,204 3,883,174 4,463,334 4,432,013
Miscellaneous 3,475,786 5,038,886 5,052,408 8,555,585 3,895,923
Total Revenues 78,993,655 83,145,383 85,067,541 83,136,909 74,517,747
Expenditures
Current
General government 6,247,669 6,258,147 6,653,597 6,384,666 6,360,784
Public safet 27,893,056 27,093,658 26,608,996 26,171,424 25,930,335
Public works 9,291,262 9,653,026 10,331,819 9,186,637 8,893,465
Transportation 753,027 749,739 719,561 5,385,542 897,614
Health and Human Services 979,569 948,483 938,160 5,212,069 7,287,928
Culture and recreation 7,685,510 8,066,415 7,670,084 1,631,738 677,920
Conservation and development 4,468,846 6,407,743 5,525,721 1,317,316 7,187,823
Unclassified 1,105,967 871,824 1,079,471 1,251,952 636,998
Debt service
Principal 19,665,095 14,994,182 12,017,594 11,497,406 33,126,100
Interest and fiscal charges 3,845,929 3,650,687 3,724,439 3,675,373 4,236,487
Capital outla 15,790,346 17,580,820 13,239,606 15,898,274 19,953,642
Total Expenditures 97,726,276 96,274,724 88,509,048 87,612,397 115,189,096
Excess of Revenues Over (Under)
Expenditures (18,732,621) (13,129,341) (3,441,507) (4,475,488) (40,671,349)
Other Financing Sources (Uses)
Long-term debt issued 17,715,000 16,000,000 11,440,000 10,965,000 29,715,239
Premium on debt issued 953,237 931,315 328,285 680,834 1,021,808
Proceeds from Sale of Capital Assets 22,750 27,573 7,000
Payment to refunding escrow agent -123,527 -
Transfers in 4,223,485 3,465,539 6,974,789 12,527,625 12,858,979
Transfers out (2,390,867) (463,357) (5,603,389) (11,563,116) (11,873,724)
Total Other Financing Sources (Uses)20,523,605 19,961,070 13,146,685 12,733,870 31,722,302
Net Change in Fund Balance 1,790,984 6,831,729 9,705,178 8,258,382 (8,949,047)
Fund Balances - January 1, as Restated 68,800,615 61,968,886 52,263,708 44,005,326 52,954,373
Fund Balances - December 31 70,591,599$ 68,800,615$ 61,968,886$ 52,263,708$ 44,005,326$
City of Oshkosh, Wisconsin
Changes in Fund Balances, Governmental Funds
Last Five Fiscal Years
200
Fiscal
Yea
Assessed
Value
Estimated Actual
Value Assessed
Estimated Actual
Value Total Assessed Value
Total Direct
Tax Rate
Estimated Actual
Value
Ratio of Total
ssessed to Total
Estimated Actual
Value
2020 3,867,063,100$ 4,294,808,493 99,822,900$ 110,864,557 3,966,886,000$ 11.1413 4,405,673,051 88.94
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 3,930,405,857 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, 2020
Real Property Personal Property
201
Fiscal
Yea Operations Debt Total Total
2020
2020 8.178$ 2.964$ 11.142$ 40.3% $ 10.034 36.3% $ 1.117 4.0% $ 5.362 19.4% - - 27.655
2019 7.672 3.230 10.902 40.0% 9.959 36.5% 1.105 4.1% 5.284 19.4% - - 27.251
2018 7.462 3.120 10.582 40.0% 9.424 35.6% 1.114 4.2% 5.352 20.2% - - 26.472
2017 7.444 3.114 10.558 39.4% 9.774 36.5% 1.105 4.1% 5.369 20.0% - - 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
Fiscal
Yea Operations Debt Total Total
2020 30,792,500$ 11,160,200$ 41,952,700$ 104,136,455$
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
2009 11,997,700 16,789,100 28,786,800 82,708,602
37,784,007$ 4,207,547$ 20,192,201$ -$
-
City of Oshkosh
State of Wisconsin
CITY OF OSHKOSH, WISCONSIN
Property Tax Rates - Direct and Overlapping Governments
Last Ten Fiscal Years
December 31, 2020
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
19,496,778
30,451,103
6,208,876
6,212,920
6,021,254
29,585,411
30,116,037
6,786,290
27,758,578
19,215,346 637,971
638,536
640,825
641,392
645,192
202
Real Property Percentage of Total
Taxpayer Assessed Valuation (1)Assessed Valuation
Oshkosh Corp 63,167,500$ 1.63%
Midwest Realty 57,441,200 1.49
Tom Rusch etal 50,552,200 1.31
Dumke & Associates 49,562,400 1.28
Bemis 31,227,100 0.81
Schwab & Associates 41,008,000 1.06
Charles Perry 33,443,500 0.86
BFO Factory Shoppes 32,575,600 0.84
Peter Frederiksen & Assoc 32,036,900 0.83
Bergstrom 31,383,800 0.81
422,398,200$ 10.92%
Total Assessed Valuation 3,867,063,100$
Real Property Percentage of Total
Taxpayer Assessed Valuation (1)Assessed Valuation
Midwest Realty 69,414,300$ 1.80
Dumke & Associates 54,634,600 1.41
Tom Rusch etal 41,741,100 1.08
Oshkosh Truck 27,135,400 0.70
Curwood 28,964,700 0.75
BFO Factory Shoppes 32,090,900 0.83
Aurora Medical 26,754,900 0.69
Peter Jungbacker etal 28,032,200 0.72
Bergstrom 21,340,000 0.55
Health Care Reit 21,850,000 0.57
351,958,100$ 9.49%
Total Assessed Valuation 3,708,134,000$
(1) Assessed valuation based on the valuation of property for taxes collected in 2020 and 2010
respectively, and a review of the largest taxpayers for the City.
Source: City of Oshkosh Assessor's Office
City of Oshkosh, Wisconsin
Principal Taxpayers
12/31/2010 and 12/31/2020
December 31, 2020
December 31, 2010
203
County Percent of Total
Percent of Settlemen Tax Collections
Total Cit City Ta for Delinquent Total Prior to
Fiscal Tax Tax Tax Collections Tax Tax Collections
Year Year Levy 1 Collections To Tax Levy Collections Collections Adjustments
2020 2019 106,327,240$ 104,348,347$ 98.14% 1,978,892$ 106,327,239$ 100.00%
2019 2018 107,484,313 105,556,337 98.21% 1,900,789 107,457,126 99.97%
202
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%
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
204
Fiscal Yea
General
Obligation deb
Compensated
absences
OPEB
Obligatio
Unfunded
Pension Liability
(WRS)
General
Obligation deb Revenue bond
Compensated
absences
Total Primary
Governmen
Debt
Percentage
of Personal
Incom
Debt Per
Capita
2020 108,345,821$ 4,329,258$ 14,141,000$ 201,292,422$ 1,103,470$ $ 329,211,971 14.93% 4,884
2019 113,185,916 4,346,430 - - 17,030,999 188,766,068 1,060,437 324,389,850 15.62% 4,827
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
Note: Details re ardin the Cit 's outstandin debt can be found in the notes to the financial statement
CITY OF OSHKOSH, WISCONSIN
Outstanding Debt by Type
Last Ten Fiscal Years
December 31, 2020
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 $10,233,802 which was split between governmental and business-type activities.
205
Fiscal Year Population Equalized Value Debt Total
Ratio to Equalized
Value Per Capita
2020 67,408 4,460,244,100$ 125,376,821$ 2.81% 1,859.97
2019 67,201 4,211,595,500 130,216,915 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
Long-Term Debt
CITY OF OSHKOSH, WISCONSIN
Ratios of Net General Bonded Debt Outstanding
Last Ten Fiscal Years
December 31, 2020
Net General
206
Percent mount
Direct Debt:
City purpose 125,376,821$
Less Sanitary Sewer purpose (4,445,000)
Less Storm Water purpose (3,860,000)
Less Water Utility purpose (3,100,000)
Less TIF purpose (6,606,269)
Net City Purpose 107,365,552$ 100.0000% 107,365,552$
Total Net Direct Debt 107,365,552
Overlapping Deb
Oshkosh Area Public School District 50,299,636 72.5000% 36,467,236
Fox Valley Technical College 70,915,000 10.0448% 7,123,270
Winnebago County 38,174,047 29.5470% 11,279,286
Total Overlapping Debt 54,869,792
162,235,344$
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, 2020
TOTAL DEBT
Applicable to City
Debt shown includes general obligation bonds and notes. Excluded from above are revenue bonds
of $201,292,421.
207
2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Equalized Value 4,460,244,100$ 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$
Debt limitation - 5% of
equalized value 223,012,205$ 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$
Debt applicable to limitation
Total outstanding general obligation debt 125,376,821 130,216,915 132,788,606 136,799,914 138,876,319 145,410,531 147,228,958 141,394,927 137,859,252 133,631,861
Less: Debt service fund (124,348) (2,189,515) (1,092,465) (923,371)(760,004) (976,051) (1,536,834)(1,766,431) (1,598,474)(878,039)
Less: Other funds available for debt retirement - - - -- - -(1,631,854) --
Total debt applicable to limitation 125,252,473 128,027,400 131,696,141 135,876,543 138,116,315 144,434,480 145,692,124 137,996,642 136,260,778 132,753,822
Legal Debt Margin 97,759,732$ 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$
Total net debt applicable to the limit
as a percentage of debt limit 56.16%60.80%64.66%69.12%73.15%77.16%77.73%73.42%72.43%70.31%
CITY OF OSHKOSH, WISCONSIN
Legal Debt Margin Information
Last Ten Fiscal Years
December 31, 2020
208
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
vailable for Debt
Service Principal Interest
Revenue
Coverage
2020 $ 15,576,609 $ 9,885,293 5,691,316$ 4,727,244$ 1,772,972$ 0.876
2019 16,448,335 9,419,938 7,028,397 5,229,516 749,342 1.176
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
(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, 2020
Last Ten Fiscal Years
Pledged-Revenue Coverage
Water Revenue Bonds
209
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
vailable for Debt
Service Principal Interest
Revenue
Coverage
2020 $ 15,285,307 $ 10,096,396 5,188,911$ 4,731,804$ 2,335,267$ 0.734
2019 15,650,007 10,379,389 5,270,618 2,812,195 1,726,734 1.161
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
(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, 2020
Last Ten Fiscal Years
Pledged-Revenue Coverage
Sewer Revenue Bonds
210
Fiscal
Year
Utility Service
Charges (1)
Less: Operating
Expenses (2)
Net Revenue
vailable for Debt
Service Principal Interest
Revenue
Coverage
2020 $ 11,599,453 $ 4,644,387 6,955,066$ 4,655,000$ 3,115,759$ 0.895
2019 11,264,326 4,609,441 6,654,885 3,540,000 2,624,038 1.080
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
(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, 2020
Last Ten Fiscal Years
Pledged-Revenue Coverage
Storm Water Revenue Bonds
211
Total
Personal Per Capita Median School Unemployment
Year Population (1) Income (2) Income (3)Age (3)Enrollment (4)Rate (5)
2020 67,408 2,204,376,416 $32,702 34 10,494 4.6%
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%
Source:
(1) U.S. Census Bureau - WI Dept of Administration
(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, 2020
212
2010
Percentage of Oshkosh
Total Cit Financial
Employees Employment Report
Manufacturing
Oshkosh Corporation 3,100 9.02%4,000
Bemis (all Oshkosh locations)2,300 6.69%2,521
Silver Star Brands Inc. / Miles Kimball Co.650 1.89%700
Hoffmaster, A Solo Cup Company,440 1.28%502
(Scott Worldwide Food Service)
Muza Metal Products 250 0.73%-
Lapham-Hickey Steel 256 0.74%265
Non-Manufacturing
Aurora Medical Center & Aurora Group 1,036 3.01%1,079
U S Bank (Firstar)1,144 3.33%675
4imprint (Nelson Marketing)819 2.38%424
Ascension Health 539 1.57%545
Oshkosh Community YMC 200 0.58%-
Miravida Living 275 0.80%342
Wal-Mart 318 0.92%318
Clarity Care (Residential Care RCDD)420 1.22%326
United Parcel Service 200 0.58%-
Government
University of WI - Oshkosh 1,288 3.75%1,344
Oshkosh Area School District 1,290 3.75%1,440
Winnebago County 1,046 3.04%999
Winnebago Mental Health Institute 625 1.82%677
City of Oshkosh Full-Time 569 1.65%600
Oshkosh Correctional Institution 502 1.46%519
CESA6 200 0.58%244
Oshkosh's Labor Force Estimates **34,384
**Source: WI DWD - Data Search - Labor Force - Oshkosh - Annual 2020
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
2020
December 31, 2020
213
2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
General Fund
General Governmen
Manager 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00
Attorney 3.65 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 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 3.00
Finance 16.00 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 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 7.40 7.00 7.00
Facilities Maint.5.80 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 3.00
Public Safety
Safety - - - - - 1.00 1.00 1.00 1.00 1.00 1.00
Police 131.36 129.00 128.49 127.49 127.49 115.00 115.00 114.00 116.00 116.00 116.00
Fire 109.00 108.00 108.00 108.00 108.00 108.00 107.00 107.00 108.00 108.00 108.00
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 3.00
Engineers 12.80 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 29.00 31.00 31.00
Central Garage 10.00 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 15.87 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 4.00
Community Development
Assessor 5.80 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 5.00 4.80 4.80 3.00 - - -
Planning 9.00 9.00 9.00 9.00 9.00 8.50 8.50 7.50 9.90 9.90 9.50
Inspection Services 7.74 7.62 7.62 7.50 7.50 7.50 7.50 7.50 10.50 10.50 10.50
Weights and Measures 1.30 1.50 1.50 1.50 1.50 - - - - - -
Healthy Neighborhood Initiative 0.88 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 5.00
Sign 2.00 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 1.00
Special Revenue Funds
Parks
Cemetery 3.64 3.64 3.64 3.64 3.64 3.00 3.00 3.00 3.00 3.70 4.00
Senior Services 7.07 7.18 7.18 7.18 7.18 5.00 5.00 5.00 5.00 5.00 5.00
Parks Revenue Facilities 0.36 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 7.50 8.00
Recycling 4.50 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 39.30 38.65 38.65 37.68 37.68 38.58 40.25 40.25 40.25 32.05 32.50
Museum 12.55 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 1.00 - - - - - -
Golf Course - - - 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00
Transit Utility 31.85 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 1.00
Water Utility 38.02 38.02 35.02 35.02 35.02 34.93 34.93 35.05 35.05 32.85 32.85
Sewer Utility 36.92 33.02 33.02 33.02 - 32.68 32.68 33.70 33.70 32.67 32.67
Storm Utility 14.17 14.17 10.86 10.85 10.85 10.50 10.50 10.50 10.50 8.00 8.00
Total Full-time Equivalent 600.48 588.15 581.24 577.94 544.92 555.24 551.81 550.90 558.55 556.67 558.02
Source: City of Oshkosh Finance Department - Annual Budget
CITY OF OSHKOSH, WISCONSIN
Full-time Equivalent City Government Employees by Function/Progra
Last Ten Fiscal Years
December 31, 2020
214
2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Police
Stations 1 1 1 1 1 1 1 1 1 1
Community Policing Offices 1 1 mobile 1 mobile 1 mobile 1 mobile I mobile I mobile 0 0 0
Patrol Units 30 30 30 29 29 28 28 28 28 28
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) 266.14 266.14 265.33 260.87 260.05 259.35 258.45 263.05 261.72 261.08
Street Lights 1,540 1,496 1,425 1,405 1,390 1,350 1,350 1,310 * *
City traffic signals (intersections) 68 68 68 68 68 67 62 * * *
Parks and Recreation
Acreage 417 416 415 448 445 440 440 440 440 440
Playgrounds 19 19 19 19 19 19 17 17 17 17
Baseball/softball diamonds 18 19 19 19 19 19 18 18 18 18
Water
Watermains (miles) 300.00 300.00 299.04 297.41 313.00 296.09 295.66 294.09 294.73 294.49
Average Daily Pumpage 5.810 5.960 5.980 5.95 5.790 6.170 6.849 6.160 6.422 6.508
(Million Gallons per day)
Wastewater
Sanitary sewers (miles)267.25 266.51 266.03 266.08 266.50 266.21 266.35 267.04 268.50 269.71
Storm sewers (miles)272.68 270.97 260.35 255.02 256.70 251.97 246.69 * * *
Transit
Buses 16 16 16 16 16 16 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, 2020
215
2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Police
Physical arrests 2,874 3,518 3,675 1,652 2,646 3,854 4,606 5,162 5,727 7,603
Traffic Enforcement Citations 3,539 6,564 7,077 8,207 7,175 4,720 7,799 7,846 8,919 7,415
Reportable Accidents 962 1,316 1,370 1,453 1,464 1,434 1,243 1,403 1,453 1,381
Fire
Emergency responses 8,872 7,480 8,678 7,283 8,591 8,018 8,087 7,625 7,502 7,343
Fire responses 1,180 104 124 132 113 130 107 114 121 113
Other 1,287 1,167 1,475 1,117 844 901 879 783 766
Refuse Collection
Refuse collected (average tons per day) 57.02 53.74 52.83 52.94 51.85 50.42 49.86 49.30 49.23 49.61
Refuse collected total tons per year 14,825.04 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
Comingled recyclable containers (tons) - 4,421 4,353 4,262 4,317 4,526 4,434
Mixed paper (tons)
Mixed paper and comingled recyclables (tons) 4,293.35 4,177.21 4,257.00 4,327.65
Other Public Works
New street pavement (miles) 0.00 0.21 0.33 - 1.01 0.00 0.00 0.16 0.00 0.00
Street resurfacing (miles) 2.19 2.27 2.73 3.50 2.89 2.25 1.38 2.89 4.89 6.91
Inspection
Commercial construction - units 120 9 8 325 71 248 136 30 6 100
Commercial construction (thousands of dollars) 9,563,646 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
Residential construction - units 63 35 30 39 25 27 21 21 22 14
Residential construction (thousands of dollars) 14,624,217 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
Water
New construction (miles)0 2.41 4.02 4.91 3.43 2.62 2.78 2.54 4.01 4.24
Water main leaks 68 78 110 87 68 77 124 73 77 76
Average number of residential customers 20,809 20,948 20,823 20,585 20,569 21,441 21,268 22,110 20,815 20,498
Average annual usage per residential customer, 34,694 35,000 34,810 35,047 35,774 34,982 35,651 37,198 40,123 39,785
(gallons)
Transit
Total route miles 539,128 546,190 544,929 538,967 483,085 483,492 481,997 486,540 473,615 468,124
Passengers (includes paratransit)464,957 818,919 943,195 980,057 995,697 990,431 1,000,778 1,007,785 1,089,681 1,029,812
Sources: various city department
Notes:
Police Statistics
Reportable - Anything that gets reported to the Stat
1) Damage to property is over $1,00
2) Report of an injury or a complaint about an injur
3) Gov't property damage over $250.00 (ex - a light pole
* Data Not Availabl
CITY OF OSHKOSH, WISCONSIN
Operating Indicators by Function/Program
Last Ten Fiscal Years
December 31, 2020
216
2010 Estimate
2011 Estimate
2012 Estimate
2013 Estimate
2014 Estimate
2015 Estimate
2016 Estimate 66,717
2017 Estimate 66,636
2018 Estimate 66,945
2019 Estimate 67,201
2020 Estimate 67,408
Yea No.No.
2011 50 1,834
2012 42 2,646
2013 33 2,439
2014 26 2,136
2015 38 20,396,71 1,974 67,144,20
2016 34 15,991,43 2,265 78,369,742
2017 46 19,201,00 2,544 106,623,64
2018 39 54,058,01 2,404 92,575,78
2019 35 8,136,28 2,292 69,950,56
2020 56 14,624,21 2,524 102,797,35
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Water (3)23,547 23,823 24,225 24,352 24,352 23,538 23,573 23,832 23,832 23,955
Electric (4)43,729 43,861 44,343 44,369 42,612 38,893 39,862 39,902 39,984 39,898
Gas (4)32,867 32,987 33,019 33,028 32,226 30,077 30,229 30,312 30,394 30,249
(1) Source: U.S. Census Bureau / WI Dept. of Admin.
(2) Source: City of Oshkosh Inspections Departmen
(3) Source: WI Public Service Commission http://www.psc.wi.go
(4) Source: Wisconsin Public Service Corporation
66,778
Value
77,672,133
66,327
BUILDING PERMITS
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
51,095,915
CITY OF OSHKOSH, WISCONSI
December 31, 2020
66,653
66,325
66,083
66,080
POPULATION - CITY OF OSHKOSH (1)
ECONOMICS
217
YEAR
TOTAL
UNITS
SINGLE
FAMILY TWO FAMILY
MULTIPLE
FAMILY
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
2020 183 49 14 120
4,227 1,144 242 2,841
City of Oshkosh, Wisconsin
NEW DWELLING UNITS CONSTRUCTED
2000-2020
218
Rates:
Monthl Volume Char
First 1,000 cubic feet CU FT $5.12 per 100 CU. FT.
Nex 2,300 cubic feet 4.90 per 100 CU. FT.
Nex 63,300 cubic feet 4.55 per 100 CU. FT.
Over 66,600 cubic feet 4.26 per 100 CU. FT.
100 CU. FT. = 748 Gallons
Minimum Monthl Char
Meter Size Service
Public Fire
Protection
5/8" & 3/4" 8.60$ 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 $440,375.95 97,626
Bemis/Curwood/Milprin 365,323.83 81,557
W M H I 224,923.16 50,432
Pepsi-Cola Bottlin Co.194,501.57 44,341
UW Oshkosh 193,660.18 36,240
H drite Chemical 145,961.87 32,686
State of WI - Dru Abuse Correctional Center 131,663.34 29,741
Oshkosh Corporation 143,374.58 29,534
Midwest Realt Mana emen 147,713.15 26,554
Winneba o Count 91,370.01 16,594
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION
December 31, 2020
WATER UTILITY
Top Ten Users / Customers
219
Rates:
Monthl Volume Char e
Char e per 100 cubic Feet $5.42 100 CU. FT. = 748 Gallons
Unmetered Customers:
Fixed Monthl Char e
based on 5 CCF/month $37.52
Special Char es:
Meter Readin & Billin Char e
for non-sewer deduct meters,
per billin period.$5.00
Fixed Monthl Char e
Meter Size Char e Meter Size Char e
5/8" & 3/4" $10.42 4" $123.13
1" 17.47 6" 240.53
1-1/4" 23.34 8" 392.19
1-1/2" 29.21 10" 592.72
2" 43.30 12" 827.52
3" 76.17
Billings Usage (00's)
Oshkosh Correctional Institute $542,571.75 97,626
Bemis/Curwood/Milprint 646,192.09 86,382
WMHI 287,038.90 50,432
Cit of Oshkosh 275,927.40 46,353
Winneba o Count 251,195.01 42,967
UW Oshkosh 230,642.13 35,678
Dru Abuse Correctional Center 170,002.96 29,741
Oshkosh Corp 170,335.50 29,119
Midwest Realt Mana ement 164,642.98 26,351
Perr Charles & Maril n 127,605.75 22,246
SEWER UTILITY
Top Ten Users / Customers
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION (Continued)
December 31, 2020
220
Rates:
Monthly Equivalent Runoff Unit (ERU)
Charge per ERU $16.41
Small Residential Impervious area < 1,750 square feet 0.67 ERU
vera e Residential Impervious area > 1,750 1.00 ERU
but < 3,750 square Feet
Lar e Residential Impervious area > 3,750 square feet 1.33 ERU
Other Square feet of impervious area/2,817
No char e for undeveloped properties
Billings ERU'S
Winneba o Count $581,172.81 3,006.910
Oshkosh Corporation 479,309.05 2,484.300
Cit of Oshkosh 304,032.97 1,570.920
State of Wisconsin 283,062.61 1,461.270
Oshkosh Area School District 243,439.81 1,262.130
UW Oshkosh 234,733.90 1,211.780
Bemis / Curwood / Milprin 203,070.07 1,048.320
Experimental Aircraft Association 140,480.43 725.210
Ber strom 111,513.04 575.670
BFO Factor Outlets 79,124.72 408.470
Top Ten Users / Customers
CITY OF OSHKOSH, WISCONSIN
UTILITY INFORMATION (Continued)
December 31, 2020
STORM WATER UTILITY
221
2018 Actuals 2019 Actuals 2020 Original 2020 Projected 2021 Adopted
Change from
2020 to 2021 % of Change
Revenue
41 - PROPERTY TAX REVENUE (18,697,464) (19,625,639) (20,309,700) (20,294,900) (22,233,500) 1,923,800 9.47%
42 - INTERGOV REVENUE (16,471,481) (16,559,975) (16,826,100) (16,824,200) (16,583,900) (242,200) -1.44%
43 - LICENSES AND PERMITS (1,010,482) (1,020,195) (974,000) (868,600) (947,000) (27,000) -2.77%
44 - FINES & FORFEITURES (761,047) (901,930) (799,900) (489,300) (901,900) 102,000 12.75%
45 - CHARGES FOR SERVICES (2,859,884) (3,358,025) (2,835,850) (2,470,300) (2,615,300) (220,550) -7.78%
48 - INTERNAL SERV CHRG (4,294,492) (5,004,217) (4,182,500) (4,073,700) (3,691,000) (491,500) -11.75%
49 - MISC REVENUES (1,024,005) (1,094,489) (902,000) (928,700) (793,200) (108,800) -12.06%
52 - OTHER FINANCING (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) - 0.00%
53 - SALE-CAPITAL ASSETS (9,841) (15,057) (6,500) (6,500) - (6,500) -100.00%
Revenue Total (46,128,695) (48,579,528) (47,836,550) (46,956,200) (48,765,800) 929,250 1.94%
Expense
61 - DIRECT LABOR 27,532,741 27,957,412 29,598,100 28,881,100 29,150,200 447,900 -1.51%
62 - INDIRECT LABOR - - - - 925,000 (925,000) 0.00%
63 - PAYROLL BENEFITS 9,384,708 9,539,973 10,214,200 9,875,200 10,255,500 (41,300) 0.40%
64 - CONTRACTUAL SERVICES 4,800,684 4,811,199 5,034,450 5,227,660 5,445,400 (410,950) 8.16%
65 - MATERIAL & SUPPLIES 2,350,461 2,509,617 2,648,300 2,502,400 2,508,800 139,500 -5.27%
72 - CAPITAL OUTLAY 252,561 255,223 279,200 275,400 330,900 (51,700) 18.52%
74 - OTHER FINANCING USES 97,128 1,100,000 50,000 50,000 150,000 (100,000) 200.00%
Expense Total 44,418,283 46,173,424 47,824,250 46,811,760 48,765,800 (941,550) 1.97%
Grand Total (1,710,412) (2,406,104) (12,300) (144,440) - (12,300) -100.00%
2021 General Fund Revenues & Expenditures by Function
222
Function 2021
Adopted Budget
01 - GENERAL GOVERNMENT $6,441,200.00
61 - DIRECT LABOR $3,010,400.00
63 - PAYROLL BENEFITS $1,084,000.00
64 - CONTRACTUAL SERVICES $2,015,400.00
65 - MATERIAL & SUPPLIES $211,500.00
72 - CAPITAL OUTLAY $119,900.00
74 - OTHER FINANCING USES $0.00
02 - PUBLIC SAFET $29,195,800.0
61 - DIRECT LABOR $19,525,700.00
63 - PAYROLL BENEFITS $6,917,700.00
64 - CONTRACTUAL SERVICES $2,073,100.00
65 - MATERIAL & SUPPLIES $478,300.00
72 - CAPITAL OUTLAY $201,000.00
03 - PUBLIC WORKS $6,194,900.00
61 - DIRECT LABOR $3,153,400.00
63 - PAYROLL BENEFITS $1,200,900.00
64 - CONTRACTUAL SERVICES $387,200.00
65 - MATERIAL & SUPPLIES $1,453,400.00
72 - CAPITAL OUTLAY $0.00
04 - TRANSPORTATION $797,000.00
61 - DIRECT LABOR $446,300.00
63 - PAYROLL BENEFITS $158,200.00
64 - CONTRACTUAL SERVICES $71,400.00
65 - MATERIAL & SUPPLIES $111,100.00
72 - CAPITAL OUTLAY $10,000.00
06 - CULTURE & RECREATION $2,303,900.00
61 - DIRECT LABOR $1,286,200.00
63 - PAYROLL BENEFITS $443,900.00
64 - CONTRACTUAL SERVICES $340,200.00
65 - MATERIAL & SUPPLIES $233,600.00
67 - DEBT SERVICE $0.00
72 - CAPITAL OUTLAY $0.00
07 - CONSERVATION & DEVELOPM $1,949,600.00
61 - DIRECT LABOR $1,278,200.00
63 - PAYROLL BENEFITS $403,300.00
64 - CONTRACTUAL SERVICES $254,300.00
65 - MATERIAL & SUPPLIES $13,800.00
72 - CAPITAL OUTLAY $0.00
08 - UNCLASSIFIED $903,400.00
61 - DIRECT LABOR $450,000.00
63 - PAYROLL BENEFITS $47,500.00
64 - CONTRACTUAL SERVICES $248,800.00
65 - MATERIAL & SUPPLIES $7,100.00
67 - DEBT SERVICE $0.00
72 - CAPITAL OUTLAY $0.00
74 - OTHER FINANCING USES $150,000.00
40 - DEBT SERVICE $18,259,800.0
64 - CONTRACTUAL SERVICES $0.00
67 - DEBT SERVICE $18,259,800.00
74 - OTHER FINANCING USES $0.00
Grand Total $66,045,600.0
2021 Operating Expenditure Budget by Function
223
PER $1,000 2020 2019 INCREASE
OF TAXES TAX RATE TAX RATE (DECREASE)
State 0.000 % $ 0.000 $ 0.000 $ 0.000
County 19.390%5.362 5.284 0.078
Area Schools 36.284%10.034 9.959 0.075
Area Vocational 4.039%1.117 1.105 0.012
City Tax 40.287%11.141 10.903 0.238
1.000 $ 27.654 $ 27.251 $ 0.403
State Credit 1.677 1.719 (0.042)
$ 25.977 $ 25.532 $ 0.445
CITY OF OSHKOSH
2021 LEVY - 2020 TAX RATE
County
19.392%
Area Schools
36.548%Area
Vocational
4.052%
City Tax
40.009%
224
2021 2019 INCREASE
SOURCE OF FUNDS AMOUNT PERCENT PERCENT (DECREASE)
GENERAL REVENUES 47,660,200$ 50.45% 45.45%5.00%
INTERGOV REVENUES 23,794,700 25.19% 26.19%-1.00%
LICENSES AND PERMITS 1,904,000 2.02%1.96%0.06%
FINES & FORFEITURES 912,200 0.97%0.82%0.15%
CHARGES FOR SERVICES 3,890,400 4.12%4.17%-0.05%
PUBLIC LIBRAR 225,000 0.24%0.27%-0.03%
INTERNAL SERVICE CHARGE 4,223,400 4.47% 4.65% -0.18%
MISC REVENUES 4,731,000 5.01% 6.07% -1.06%
OTHER FINANCING SOURCES 7,078,200 7.49% 9.81% -2.32%
SALE OF CAPITAL ASSETS 50,800 0.04%0.60%-0.56%
94,469,900$ 100.00% 100.00%
CITY OF OSHKOSH
2021 BUDGET SOURCE OF FUNDS - REVENUES
GENERAL REVENUES
50%
INTERGOV REVENUES
25%
LICENSES AND PERMITS
2%
FINES &
FORFEITURES…
CHARGES FOR SERVICES
4%PUBLIC LIBRARY
<1%
INTERNAL SERVICE CHARGES
5%
MISC REVENUES
5%OTHER FINANCING SOURCES
8%
SALE OF CAPITAL ASSETS
<1%
SOURCES OF ALL FUNDS
225
2021 2020 INCREASE
USE OF FUNDS AMOUNT PERCENT PERCENT (DECREASE)
01 - GENERAL GOVERNMENT 6,441,200$ 9.75% 9.23%0.52%
02 - PUBLIC SAFET 29,195,800 44.21% 41.01% 3.20%
03 - PUBLIC WORKS 6,194,900 9.38% 9.61% -0.23%
04 - TRANSPORTATION 797,000 1.21% 1.16% 0.05%
06 - CULTURE & RECREATION 2,303,900 3.49% 3.24% 0.25%
07 - CONSERVATION & DEVELOPMENT 1,949,600 2.95% 2.85% 0.10%
08 - UNCLASSIFIED 903,400 1.37% 2.42% -1.05%
40 - DEBT SERVICE 18,259,800 27.65%30.48%-2.83%
66,045,600$ 100.00% 100.00%
2021 BUDGET USE OF FUNDS - EXPENDITURES
CITY OF OSHKOSH
01 ‐GENERAL
GOVERNMENT
9.75%
02 ‐PUBLIC SAFETY
44.21%
03 ‐PUBLIC WORKS
9.38%
04 ‐TRANSPORTATION
1.21%
06 ‐CULTURE &
RECREATION
3.49%
07 ‐CONSERVATION &
DEVELOPMENT
2.95%
08 ‐UNCLASSIFIED
1.37%
40 ‐DEBT SERVICE
27.65%
226
AMOUNT PER CENT
61 - DIRECT LABOR 30,075,200$ 44.9081%
63 - PAYROLL BENEFITS 10,255,500 15.3134%
64 - CONTRACTUAL SERVICES 5,390,400 8.0489%
65 - MATERIAL & SUPPLIES 2,508,800 3.7461%
67 - DEBT SERVICE 18,259,800 27.2654%
72 - CAPITAL OUTLAY 330,900 0.4941%
74 - OTHER FINANCING USES 150,000 0.2240%
66,970,600$ 100%
2021 BUDGET - USE OF FUNDS BY FUNCTION
CITY OF OSHKOSH
61 ‐DIRECT
LABOR
44.91%
63 ‐PAYROLL
BENEFITS
15.31%
64 ‐
CONTRACTUAL
SERVICES
8.05%
65 ‐MATERIAL &
SUPPLIES
3.75%
67 ‐DEBT
SERVICE
27.27%
72 ‐CAPITAL
OUTLAY
0.49%74 ‐OTHER
FINANCING USES
0.22%
227
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228
CliftonLarsonAllen LLP
CLAconnect.com
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
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, 2020, and the related notes to the financial statements,
which collectively comprise the City’s basic financial statements, and have issued our report thereon dated August 2,
2021.
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) as a basis for designing 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 preceding paragraph 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 have not been identified. However, as described
in the accompanying schedule of findings and responses, we did identify a certain deficiency in internal control that we
consider to be a material weakness.
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. We consider the deficiency described in the accompanying schedule of findings and
responses as item 2020-001 to be a material weakness.
City of Oshkosh, Wisconsin
SCHEDULE OF FINDINGS AND RESPONSES
FOR THE YEAR ENDED DECEMBER 31, 2020
229
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 financial statements. 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.
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.
a
CliftonLarsonAllen LLP
Wausau, Wisconsin
August 2, 2021
City of Oshkosh, Wisconsin
SCHEDULE OF FINDINGS AND RESPONSES
FOR THE YEAR ENDED DECEMBER 31, 2020
230
FINDING NO. CONTROL DEFICIENCIES
2020-001 Adjustments to the City’s Financial Records
Condition: During the year, the City recorded a prior period adjustment pertaining to duplicate capital
assets within the Redevelopment Authority and the Sewer Utility.
Criteria: Material adjusting journal entries pertaining to prior year activity indicate a weakness in
internal controls.
Cause: Due to turnover within the City’s finance department, the City did not have adequate controls
and review procedures in place to ensure that capital assets were not duplicated, currently
tracked and updated.
Effect: Year-end financial records prepared by the City may contain material misstatements.
Recommendation: We recommend the City review its current process for determining the cost of capital assets to
ensure assets are not duplicated and appropriately recorded.
Management
Response:
In response to the audit findings, the City has experienced an abnormal staff turnover during
the years of 2018, 2019, and 2020. The prior staff did not keep a procedures document as to
how and when assets were placed on the books and during the reconciliation process for 2020
staff determined assets had been placed on the financial records twice. In 2020, the City
began the implementation of an Munis Enterprise Asset Management system that will
integrate with the Munis financial software to prevent future duplication of assets in the
future.