HomeMy WebLinkAbout2021ACFRAnnual Comprehensive
Financial Report
2021
Including Auditors’ Report
CITY OF OSHKOSH, WISCONSIN
Table of Contents
December 31, 2021
Page
INTRODUCTORY SECTION
Letter of Transmittal 1
Organizational Chart 9
The City 10
FINANCIAL SECTION
INDEPENDENT AUDITORS’ REPORT 11
MANAGEMENT’S DISCUSSION AND ANALYSIS 14
BASIC FINANCIAL STATEMENTS
Government - Wide Financial Statements
Statement of Net Position 22
Statement of Activities 23
Fund Financial Statements
Balance Sheet – Governmental Funds 25
Reconciliation of the Balance Sheet – Governmental Funds to the Statement
of Net Position 27
Statement of Revenues, Expenditures and Changes in Fund Balances (Deficit)
– Governmental Funds 28
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund
Balances (Deficit) – Governmental Funds to the Statement of Activities 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 35
Statement of Fiduciary Net Position – Fiduciary Fund 37
Statement of Changes in Net Position – Fiduciary Fund 38
Notes to Financial Statements 39
REQUIRED SUPPLEMENTARY INFORMATION
Schedules of Proportionate Share of Net Pension Liability (Asset) and
Employer Contributions – Wisconsin Retirement System 79
Schedules of Proportionate Share of Net OPEB Liability and Employer Contributions
– Local Retiree Life Insurance Plan 80
Schedule of Changes in Total OPEB Liability and Related Ratios 81
Schedule of Budgetary Comparison –
Budget and Actual – General Fund 82
Notes to Required Supplementary Information 83
SUPPLEMENTARY INFORMATION
Combining Balance Sheet – Nonmajor Governmental Funds 84
CITY OF OSHKOSH, WISCONSIN
Table of Contents (Continued)
December 31, 2021
SUPPLEMENTARY INFORMATION (Continued)
Combining Statement of Revenues, Expenditures and Changes in Fund Balances –
Nonmajor Governmental Funds 92
Combining Statement of Net Position – Nonmajor Enterprise Funds
Combining Statement of Revenues, Expenses and Changes in Net Position – Nonmajor
Enterprise Funds
100
102
Combining Statement of Cash Flows – Nonmajor Enterprise Funds 104
Combining Statement of Net Position (Deficit) – Internal Service Funds 106
Combining Statement of Revenues, Expenses and Change in Net Position (Deficit) –
Internal Service Funds 107
Combining Statement of Cash Flows – Internal Service Funds 108
Combining Statement of Net Position – Custodial Funds 109
Combining Statement of Changes in Net Position – Custodial Funds 110
Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual -
Debt Service Fund 111
Committee on Aging 112
Business Improvement District 113
Recycling 114
Street Lighting 115
Library 116
Museum 117
Cemetery 118
Community Development Block Grant 119
Local Revolving Loan Program 120
Senior Center Revolving Loans 121
Police Special 122
Fire Special 123
Community Development Special 124
Health Neighborhood Initiative 125
Parks Revenue Facilities 126
Leach Amphitheater 127
Public Works Special 128
Garbage Disposal 129
CITY OF OSHKOSH, WISCONSIN
Table of Contents (Continued)
December 31, 2021
SUPPLEMENTARY INFORMATION (Continued)
Pollock Water Park 130
Rental Inspections 131
Special Events 132
Street Tree 133
Equipment 134
Park Improvement and Acquisition 135
Grand Opera House 136
Parking Ramp Improvements 137
TIF No. 8 S Aviation Industrial 138
TIF No. 10 Main and Washington 139
TIF No. 11 Oshkosh Office Center 140
TIF No. 12 Division Street 141
TIF No. 13 Marion Road/Pearl Ave. 142
TIF No. 14 Mercy Medical 143
TIF No. 15 Park Plaza 144
TIF No. 16 100 Block Redevelopment 145
TIF No. 17 City Centre 146
TIF No. 18 SW Industrial No. 3 147
TIF No. 19 NW Industrial Expansion 148
TIF No. 20 South Side Fox River 149
TIF No. 21 Fox River Corridor 150
TIF No. 23 SW Industrial Park 151
TIF No. 24 Oshkosh Corp 152
TIF No. 25 City Center Hotel 153
TIF No. 26 Aviation Business Park 154
TIF No. 27 North Main Street 155
TIF No. 28 Beach Building Redevelopment 156
TIF No. 29 Morgan District 157
TIF No. 30 Washington Building 158
TIF No. 31 Buckstaff Redevelopment 159
TIF No. 32 Granary Redevelopment 160
TIF No. 33 Lamico Redevelopment 161
TIF No. 34 Oshkosh Corp Headquarters 162
CITY OF OSHKOSH, WISCONSIN
Table of Contents (Continued)
December 31, 2021
SUPPLEMENTARY INFORMATION (Continued)
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
TIF No. 35 Oshkosh Ave. Corridor
TIF No. 36 Merge Redevelopment
TIF No. 37 Aviation Plaza
TIF No. 38 Pioneer Redevelopment
TIF No. 39 Cabrini School Redevelopment
Transit Utility
Water Utility
Sewer Utility
Stormwater Utility
Parking Utility
Oshkosh Redevelopment Project
Industrial Park
Inspection Services
Hospital Insurance
Police Pension
Fire Pension
Worker’s Compensation 179
STATISTICAL SECTION
Net Position 180
Changes in Net Position 181
Fund Balances, Governmental Funds 183
Changes in Fund Balance, Governmental Funds 184
Assessed and Estimated Actual Value of Taxable Property 185
Property Tax Rates – Direct and Overlapping Governments 186
Principal Taxpayers 187
Property Tax Levies and Collections 188
Outstanding Debt by Type 189
Ratios of Net General Bonded Debt Outstanding 190
Direct and Overlapping Governmental Activities Debt 191
Legal Debt Margin Information 192
Pledged-Revenue Coverage
Water Revenue Bonds 193
Sewer Revenue Bonds 193
CITY OF OSHKOSH, WISCONSIN
Table of Contents (Continued)
December 31, 2021
STATISTICAL SECTION (Continued)
Storm Water Revenue Bonds 193
Demographic an Economic Statistics 194
Principal Employers 195
Full-time Equivalent City Government Employees by Function / Program 196
Capital Asset Statistics by Function / Program 197
Operating Indicator by Function / Program 198
Economics – Population, Building Permits, and Utility Customers 199
New Dwelling Units Constructed 200
Utility Information 201
Budgeted Revenues 204
Operating Budget by Function 205
Pie Charts -
Levy Rate 206
Source of Funds (Where the Money Comes From) 207
Use of Funds (Where the Money Goes) 208
Use of Funds by Function (How the Money Goes) 209
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 210
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
September 12, 2022
Honorable Mayor and Council Members, City of Oshkosh:
The Annual Comprehensive Financial Report for the fiscal year ended December 31, 2021, 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 general operation of the City 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
Fire Special
Cable TV Franchise
Historical Marker
Parks Revenue
Pollock Water Park
Healthy Neighborhoods
Rental Inspections
Debt Service This fund accounts for the resources accumulated and payments made for the principal
and interest on long-term debt
Capital Projects
Funds
Sidewalk Construction
Street Trees
Contract Control
Park Improvements
Mct Rochlin Park Smokestack
Grand Opera House
TIF # 12 - 42
Street Improvement
Special Assessments
Equipment Revolving
Parks Subdivision
Senior Center
Parking Ramp Improvements
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Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
Enterprise
Funds
Transit
Water
Sewer
Storm Water
Internal Service
Funds
Employee Benefits
Police Pension
Custodial/
Permanent
Tax Collection
Investment/Trust Fund
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
Oshkosh Corporation Specialized Trucks 3,100
Bemis Packaging 2,300
Oshkosh Area School District Elementary and secondary education 1,290
UW-Oshkosh College 1,288
US Bank Financial Institution 1,144
Winnebago County Government 1,046
Aurora Medical Center and Group Health care 1,036
4imprint Advertising specialties 819
Silver Star Brands Mail order distribution 650
Winnebago Mental Health Institute Health care 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.
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 (ECWRPC), 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
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Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
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 21,000 people. 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.
COVID-19 and 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 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 2021, 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.
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (H.R. 1319) into law. The
$1.9 trillion package, based on President Biden’s American Rescue Plan, is intended to combat the COVID-19
pandemic, including the public health and economic impacts. The City was allocated $20.5 million and received
$10,257,242 funds in 2021.
MAJOR INITIATIVES
The City of Oshkosh developed and is following a Strategic Plan for 2021
and 2022. 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:
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Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
A) Continue to support business retention and expansion, attraction and entrepreneurship
B) Support redevelopment opportunities throughout the City
C) Continue to develop infrastructure needed to support business and residential development
D) Work with community partners to attract and develop our workforce
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) Provide well trained, effective and equipped Public Safety professionals
C) Enhance crime prevention and community policing, and transportation safety strategies
D) Strengthen relationships with neighborhood organizations and diverse community groups
E) Improve the communities ability to withstand and recover from disruptive events
F) Implement strategies and solutions for community risk reduction
G) Continue to improve strategies to address substance abuse in the community
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) Maximize our financial position
B) Recruit, retain, engage, recognize employees
C) Develop future leaders and volunteers and reconnect with alumni
D) Improve our performance and outcome measures including benchmarks
E) Align employee performance to department plans
F) Improve our internal and external communications
G) Strengthen partnerships and community collaboration
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 our streets, transit, bicycle and pedestrian facilities
B) Update and Maintain City technology
C) Improve our city facilities
D) Improve our public utilities
E) Update and improve our 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) Provide improved park and senior facilities
B) Analyze, plan and implement strategies to maximize parks department operational efficiencies
C) Implement the adopted design for improvements to Museum’s facilities
D) Initiate work on three major long-term exhibition identified in the master plan
E) Strengthen exhibitions to alignment with K-12 curriculum
F) Accelerate key collection management tasks
G) Continue to make progress towards the library’s vision of “A Library in Every Life”
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 and redevelopment in specific neighborhoods
D) Increase owner investment and maintenance in property
E) Expand city inter-department teams for planning and completing neighborhood projects
F) Explore options for promoting housing stability relate to homelessness
G) Promote social connectedness
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Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
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, 2021.
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
5
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
full and part-time civilian employees, 10 community service officers, and 18 school crossing guards. The full-time
mission of the Oshkosh Police Department is to promote public safety and to enhance the quality of life in our
community through innovative policing and community partnerships.
FIRE DEPARTMENT – The Fire Department provides fire protection to residents within the City and paramedic
ambulance service to the City and surrounding communities. The Fire Department, which is governed by a five
member Police and Fire Commission comprised of citizens appointed to five-year terms by the Mayor, maintains
six fire stations, which house the department’s 22 pieces of fire, safety and rescue equipment. The department
has 108 full-time employees.
PUBLIC LIBRARY – The Oshkosh Public Library serves approximately 34,000 cardholders from Oshkosh and
surrounding towns through the main library, library website, and deposit collections. Over 300,000 items in the
collections are checked out over 1,000,000 times in a year and over 400,000 visits are made to the library.
Pursuant to Ch. 43.54 of the Wisconsin State Statutes, a Library Board of Trustees governs the Library.
MUSEUM – The Oshkosh Public Museum serves the community through permanent, traveling, and virtual
exhibitions, educational services and programs, publications, and research facilities. The Museum is entrusted
with the preservation, care, and documentation of 250,000 objects, as well as historic photographs, film, and
archival materials. The Museum is governed by an eleven member Board which includes the Superintendent of
Schools, and School Board President.
DEPARTMENT OF PARKS – The Department of Parks develops and maintains the City’s 440 acres of park and
public areas including recreational facilities, Lakeshore Municipal Golf Course, urban Forestry, Riverside
Cemetery, Leach Amphitheater, Pollock Community Water Park, Menominee Park Zoo, multi-purpose trail
systems, river walk, round-a-bouts, and Seniors Center.
MASS TRANSIT – The Transit System (GO Transit), consists of 16 buses providing service over nine fixed-routes
in the City of Oshkosh. An additional intercity route provides service between Oshkosh and Neenah, WI. The
intercity route is provided by a contractor. The buses travel over 550,000 miles annually. The transit system also
provides four paratransit programs for the community through a service contract. In total, over 1 million rides are
provided each year. A seven-member Transit Advisory Board and the Oshkosh Common council govern the
activities of GO Transit.
PARKING UTILITY – The Parking Utility operates nineteen off-street parking lots, containing 1,679 parking stalls.
There are seventeen off-street parking lots in the central business district and two off-street lots in the Oregon
Street business area. In 1987, a Business Improvement District was formed in the downtown area. The BID
assists in the financing of the downtown lots. A five-member commission provides recommendations for the
activities of the utility.
PUBLIC WORKS DEPARTMENT – The Public Works Department consists of seven separate divisions as
follows:
The Engineering Division is responsible for the design and preparation of drawings and specifications for street
construction and maintenance, sidewalks, sanitary sewers, water mains, storm sewers, as well as construction
management for these projects.
The Street Division provides for maintenance of public roadways/alleys/parking lots, and storm/sanitary sewers
within those streets. Maintenance of storm sewer facilities includes ditching and drainage work.
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
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Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
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 COMMUNITY DEVELOPMENT- The Department of Community Development plays a variety
of roles ion carry out its responsibilities through four divisions; Assessment Services, Economic Development,
Inspection Services, and Planning.
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 581 full-time, 102 part-time, and 95 seasonal employees, of which 14 are officials
or administrators, 46 are supervisors/managers, and 244 employees are involved in protective services. Certain
groups of employees of the City, including Fire, Police, and Transit are organized into labor unions for purposes of
conducting collective bargaining with the City. The contracts are in effect through 2020. All eligible full-time and
part-time City employees participate in the Wisconsin Retirement System, with limited seasonal staff also eligible
and enrolled. Pursuant to State Law, annual contribution rates are set in June each year by an independent
consulting actuary and approved by the Employee Trust Funds Board. The rates based on assumptions
concerning mortality, disability, interest rates, retirement age, retirement formula factor and the earnings, age,
number of people in each category etc. The City’s total contribution to the Retirement Fund was $4,083,340 for
the year ended December 31, 2021.
In addition to the above referenced retirement fund, the State administers a plan for one retired employee of the
Police Department. This individual 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, 2021 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.
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Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
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
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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
9
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 (2023)
Matt Mugerauer Deputy Mayor (2024)
Bill Miller Council Member (2023)
Michael Ford Council Member (2024)
Courtney Hansen Council Member (2023)
Aaron Wojciechowski Council Member (2023)
Lynnsey Erickson Council Member (2024)
PRINCIPAL OFFICERS
Name Title
Mark A. Rohloff City Manager
Jennifer L. Messerschmidt, CPA Asst. Director of Finance
10
INDEPENDENT AUDITORS’ REPORT
11
Independent Auditors’ Report
To the Common Council
City of Oshkosh
Oshkosh, Wisconsin
Report on the Audit of the Financial Statements
Opinions
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, as of and for the year ended December 31, 2021, and the related notes to the financial
statements, which collectively comprise City of Oshkosh, Wisconsin’s basic financial statements as listed in the
table of contents.
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 of Oshkosh, Wisconsin, as of
December 31, 2021, and the respective changes in financial position and, where applicable, cash flows thereof for
the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
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. Our responsibilities under those standards are further described in the
Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are required to be
independent of City of Oshkosh, Wisconsin, and to meet our other ethical responsibilities, in accordance with the
relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with
accounting principles generally accepted in the United States of America, and for 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.
In preparing the financial statements, management is required to evaluate whether there are conditions or events,
considered in the aggregate, that raise substantial doubt about City of Oshkosh, Wisconsin’s ability to continue as
a going concern for twelve months beyond the financial statement date, including any currently known information
that may raise substantial doubt shortly thereafter.
Auditors’ Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinions.
Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee
that an audit conducted in accordance with generally accepted auditing standards will always detect a material
misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for
one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the
override of internal control.
12
To the Common Council
City of Oshkosh, Wisconsin
Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they
would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with generally accepted auditing standards and Government Auditing
Standards, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
and design and perform audit procedures responsive to those risks. Such procedures include examining, on a
test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness City of
Oshkosh, Wisconsin’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting
estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise
substantial doubt about City of Oshkosh, Wisconsin’s ability to continue as a going concern for a reasonable
period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified
during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion
and analysis, schedules of employer’s proportionate share of the net pension liability (asset) and employer
contributions - Wisconsin Retirement System, schedules of employer’s proportionate share of the net OPEB liability
and employer contributions – other post-employment benefits other than pensions – cost sharing plan, schedule of
changes in total OPEB liability and related ratios, and the budgetary comparison schedule – general fund as listed
in the table of contents, be presented to supplement the basic financial statements. Such information is the
responsibility of management and, although not a 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.
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise
the City of Oshkosh, Wisconsin’s basic financial statements. The financial information listed in the table of contents
as supplementary information is presented for purposes of additional analysis is not a required part of the basic
financial statements. Such 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.
15
To the Common Council
City of Oshkosh, Wisconsin
Supplementary Information (Continued)
The 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.
Other Information
Management is responsible for the other information included in the annual report. The other information comprises
the introductory and statistical sections, but does not include the basic financial statements and our auditors’ report
thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express
an opinion or any form of assurance thereon.
In connection with our audit of the basic financial statements, our responsibility is to read the other information and
consider whether a material inconsistency exists between the other information and the basic financial statements,
or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude
that an uncorrected material misstatement of the other information exists, we are required to describe it in our
report.
Prior Year Summarized Information
The City of Oshkosh, Wisconsin’s December 31, 2020 financial statements were audited by CliftonLarsonAllen,
LLP and in their report dated August 2, 2021, they expressed an unmodified opinion on those statements. The
supplementary information for the year ended December 31, 2020, is presented for purposes of additional analysis
and is not a required part of the basic financial statements. Such information is the responsibility of management
and was derived from and related directly to the underlying accounting and other records used to prepare the 2020
basic financial statements. The information was subjected to the audit procedures applied by CliftonLarsonAllen,
LLP in the audit of those 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 summarized
comparative information presented herein as of and for the year ended December 31, 2020, is consistent, in all
material respects, with the audited financial statements from which it was derived.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated September 12, 2022 on
our consideration of the City of Oshkosh, Wisconsin’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 results of that testing, and not to provide an opinion on the effectiveness of the City of Oshkosh,
Wisconsin’s 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 of Oshkosh, Wisconsin’s
internal control over financial reporting and compliance.
KerberRose SC
KerberRose SC
Certified Public Accountants
Appleton, Wisconsin
September 12, 2022
MANAGEMENT DISCUSSION AND ANALYSIS
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
14
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, 2021. Readers are
encouraged to consider the information presented here in conjunction with the additional information as
furnished in the letter of transmittal and the financial statement which begin on page 1.
Financial Highlights
The assets and deferred outflows of resources of the governmental activities of the City exceeded
its liabilities and deferred inflows of resources by $149,546,145 (net position) as of December 31,
2021.Of this amount, $52,633,003 may be used to meet the City’s ongoing obligations to citizens
and creditors.
During 2021, the City’s governmental activities net position increase by $19,092,436 from 2020, or
approximately 15.34%.
As of December 31, 2021, the City’s governmental funds reported combined ending fund balances
of $85,033,260, an increase of $9,412,923.Approximately 54.30% of this total amount, $46,173,888
is available for spending at the City’s discretion (assigned and unassigned fund balance).
At the close of 2021, the unassigned fund balance for the general fund was $18,281,841, or
approximately 38.72% of total general fund expenditures. The general fund unassigned balance
increase by $1,803,449 from 2020.
The City’s total general-obligation debt decreased by $-3,397,507 (-2.71%) during 2021.The key
factor in this decrease was the issuance of $20,480,000 of general obligation debt and $23,877,506
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
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
15
financially accountable. Financial information for the component unit is reported separately from the
financial information presented for the primary government itself.
Fund financial statements. A fund is a grouping of related accounts that is used to maintain control over
resources that have been segregated for specific activities or objectives. The City, like other state and local
governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal
requirements. All of the funds of the City can be divided into three categories: governmental funds,
proprietary funds and fiduciary funds.
Governmental funds. Governmental funds are used to account for essentially the same functions reported
as governmental activities in the government-wide financial statements. However, unlike the government-
wide financial statements, governmental fund financial statements focus on near-term inflows and outflows
of spendable resources, as well as on balances of spendable resources available at the end of the fiscal
year. Such information may be useful in evaluating the City’s near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial
statements, it is useful to compare the information presented for governmental funds with similar information
presented for governmental activities in the government-wide financial statements. This comparison may
help readers better understand the long-term impact of the City’s near-term financing decisions. Both the
governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and
changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds
and governmental activities.
The City maintains 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 4 individual internal service funds. Because these services predominantly benefit governmental
rather than business-type functions, they have been included within governmental activities in the
government-wide financial statements.
Proprietary funds provide the same type of information as the government-wide financial statements, only
in more detail. The proprietary fund financial statements provide separate information for the transit, water
utility, sewer utility, and storm water utility, all of which are considered to be major funds of the City. Data
from the other 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 5 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.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
16
Notes to the basic financial statements. The notes provide additional information that is essential to a
full understanding of the data provided in the government-wide and fund financial statements.
Required Supplementary Information. The required supplementary information provides information and
disclosures related to the City’s other post-employment benefits and pension plan. The required
supplementary information can be found immediately following the footnotes.
Other information. The combining statements referred to earlier in connection with nonmajor
governmental funds, nonmajor enterprise funds and internal service funds are presented as supplementary
information immediately following the required supplementary information.
Government-wide Financial Analysis
Net position. As noted earlier, net position may serve over time as a useful indicator of a government’s
financial position. In the case of the City, assets and deferred outflows of resources exceeded liabilities
and deferred inflows of resources by $396,041,381 and $366,218,206 at the close of 2021 and 2020,
respectively.
2021 2020 2021 2020 2021 2020
Current and other assets 179,535,930$ 149,242,078$ 113,711,674$ 99,120,469$ 293,247,604$ 248,362,547$
Deferred outflows of resources 33,298,453 24,248,973 5,826,574 4,188,076 39,125,027 28,437,049
Long-term liabilities outstanding 126,245,855 126,436,187 238,528,467 225,851,843 364,774,322 352,288,030
Total liabilities 144,774,601 135,444,971 242,000,102 228,834,448 386,774,703 364,279,419
Net position:
Net investment in capital assets 57,867,428 53,733,398 141,692,794 162,667,610 199,560,222 216,401,008
Restricted 39,045,714 38,831,796 23,124,605 1,555,705 62,170,319 40,387,501
City of Oshkosh's Net Position
December 31, 2021 and 2020
Governmental Activities Business-type Activities Total Primary Government
By far the largest portion of the City’s net position (50.39%) and (59.09%) for 2021 and 2020, 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 (15.70%) and (11.06%) for 2021 and 2020, respectively,
represents resources that are subject to external restrictions on how they may be used. The remaining
balance of unrestricted net position ($134,310,840) and ($109,429,697) for 2021 and 2020, respectively,
may be used to meet the City’s ongoing obligations to citizens and creditors.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
17
Change in net position. Governmental activities increased the City’s net position by $19,092,436 in 2021
and increased by $5,101,562 in 2020. Business-type activities increased the City’s net position by
$10,730,739 in 2021 and by $7,916,196 in 2020. Total net position of the City increased in 2021 by
$29,370,365 and in 2020 by $14,371,469. Key elements of this change are as follows:
2021 2020 2021 2020 2021 2020
Revenues:
Program revenues:
Charges for services 15,691,016$ 9,551,252$ 47,945,087$ 45,413,680$ 63,636,103$ 54,964,932$
Operating grants & contributions 2,464,359 7,723,599 4,011,307 3,740,318 6,475,666 11,463,917
Capital grants & contributions 2,843,820 1,336,243 458,712 240,891 3,302,532 1,577,134
General revenues
Property & other taxes 46,982,023 43,378,815 809,500 809,500 47,791,523 44,188,315
Grants & contributions not
restricted to specific programs 18,015,015 13,718,267 - 18,015,015 13,718,267
Other 3,444,399 5,963,011 114,513 1,426,214 3,558,912 7,389,225
Expenses:
General government 5,875,221 6,861,389 - - 5,875,221 6,861,389
Public safety 26,527,572 26,973,652 - - 26,527,572 26,973,652
Public works 13,344,942 20,166,108 - - 13,344,942 20,166,108
Transportation 691,401 756,552 - - 691,401 756,552
Health & Human Services 945,661 1,126,177 - - 945,661 1,126,177
Culture & recreation 9,633,892 8,687,753 - - 9,633,892 8,687,753
Conservation & development 10,158,963 7,894,395 - - 10,158,963 7,894,395
Unclassified 819,412 1,169,374 - - 819,412 1,169,374
Interest & Fiscal charges 3,409,132 3,413,132 - - 3,409,132 3,413,132
Transit utility - - 5,410,888 4,921,115 5,410,888 4,921,115
Water utility - - 12,757,074 11,472,772 12,757,074 11,472,772
Sewer utility - - 13,445,130 12,192,891 13,445,130 12,192,891
Storm water utility - - 7,275,841 7,486,749 7,275,841 7,486,749
Transfers 1,058,000 1,832,618 (1,058,000) (1,832,618) - -
Change in net position 19,092,436 6,455,273 10,730,739 11,352,989 29,823,175 17,808,262
Prior period adjustment (452,810) - - (3,436,793) (452,810) (3,436,793)
Governmental Activities Business-type Activities Total Primary Government
City of Oshkosh's Change in Net Position
For Years Ended December 31, 2021 and 2020
Property and other taxes increased by $3,603,208 (8.31%) and increased by $3,450,915 (8.47%) in 2020.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
18
Financial Analysis of the City’s Funds
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related
legal requirements.
Governmental funds. The focus of the City’s governmental funds is to provide information on near-term
inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s
financing requirements. In particular, unassigned fund balance may serve as a useful measure of the City’s
net resources available for spending at the end of the fiscal year.
As of December 31, 2021 and 2020, the City’s governmental funds reported combined ending fund
balances of $85,033,260 and $75,620,337, an increase of $9,412,923 and an increase of $6,819,722 in
2020. Of the total fund balance, $6,925,380 and $11,735,098 constitutes unassigned fund balance, which
is available for spending at the City’s discretion. The remainder of fund balance is nonspendable, restricted,
committed or assigned to indicate that it is not available for new spending because it has already been
committed as follows:
2021 2020
Nonspendable
Inventories and prepaid items 235,147$ 220,529$
Receivables from other funds
Total nonspendable
Restricted for
Construction of assets 10,363,853$ 10,222,843$
Debt service - 124,348
Special purposes 7,742,864 2,522,182
Trust agreements
Total restricted
Committed to
Special purposes
Assigned to
Subsequent year's budget 43,958$
Special purposes 712,583$ 8,991,333$
Construction of assets
Total assigned
City of Oshkosh's Governmental Fund Balances
Details of these fund balance categories can be found in Note 8 – Fund Equity.
The general fund is the chief operating fund of the City. At the end of 2021 and 2020, unassigned fund
balance of the general fund was $18,281,841 and $16,478,392, respectively, while total fund balance
reached $19,229,571 and $16,742,879 respectively. As a measure of the general fund’s liquidity, it may
be useful to compare both unassigned fund balance to total fund expenditures. Unassigned fund balance
represents 38.72% and 36.02% of total general fund expenditures.
The fund balance of the City’s general fund increased by $2,033,882 in 2021.
The debt service fund has a total fund deficit of $877,277 as of December 31, 2021, a decrease of
$1,001,625 from December 31, 2020.
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
19
Proprietary funds. The City’s proprietary funds provide the same type of information found in the City’s
government-wide financial statements, but in more detail.
Unrestricted net position of the proprietary funds at the end of the 2021 and 2020 amounted to $81,677,837
and $71,541,182, respectively. Net position increased $10,730,739 in 2021 and increased $11,352,989 in
2020.
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 2021 actual revenues were greater than budgeted revenues by $1,184,338, primarily in public
charges for services. Actual expenditures were less than budgeted by $2,146,463 which left a total budget
unspent of $3,330,801.
During 2020 actual revenues were less 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 $3,322,643.
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, 2021 and 2020, amounted to $549,510,318 and $536,211,464 (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 $13,298,854 or 2.48% for 2021 and increased by
$34,644,083 or 6.91% for 2020.
Major capital asset acquired or constructed during the years ended 2021 and 2020 include:
The governmental activities include constructed streets in the amount of $7,751,176 and
$8,044,882, purchased land in the amount of $1,424,033 and $62,897, vehicles in the amount of
$2,271,756 and $3,573,714, and building improvements and contents in the amount of $161,400
and $5,417,446, respectively.
The business-type activities constructed improvements to transit, water, sewer and storm water
utilities in the amount of $20,902,105 and $24,074,139, respectively.
2021 2020 2021 2020 2021 2020
Land 22,274,380$ 20,850,348$ 14,235,768$ 14,235,768$ 36,510,148$ 35,086,116$
Construction in progress 1,581,145 1,003,148 9,721,772 10,395,125 11,302,917 11,398,273
Buildings & systems 48,077,513 48,754,363 311,555,643 327,506,013 359,633,156 376,260,376
Infrastructure 71,279,774 66,575,074 - - 71,279,774 66,575,074
City of Oshkosh's Capital Assets
Governmental Activities Business-type Activities Total Primary Government
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
20
Long-term debt. At the end of 2021 and 2020, the City had total bonded debt outstanding of $336,416,084
and $326,669,243, respectively. Of this amount, $121,979,315 and $125,376,822, 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).
2021 2020 2021 2020 2021 2020
General obligation debt:
Total general obligation debt 110,372,030 111,235,822 11,607,285 14,141,000 121,979,315 125,376,822
City of Oshkosh's Outstanding Debt
Governmental Activities Business-type Activities Total Primary Government
The City’s total debt increased by $9,746,841 (2.98%) in 2021 and decreased by $8,260,761 (2.47%) in
2020 The City maintains an Aa3 rating from Moody’s Investors Service for its general obligation debt as of
December 31, 2021.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, 2021.
State statutes limit the amount of general obligation debt the City may issue to 5% of its total equalized
valuation. The debt limitation for 2021 and 2020 for the City was $241,055,625 and $223,012,205,
respectively, which is significantly in excess of the City’s $121,979,315 and $125,376,822 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 2022 fiscal year
combined operating budget includes $145 million in projected revenues and $121 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 2022 budget was developed to consider then
current expectations for such revenue sources compared to 2021 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 2023 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 2022 operating budget does not contain
CITY OF OSHKOSH, WISCONSIN
Management’s Discussion and Analysis
21
significant major initiatives. Capital budgets maintained an emphasis on enhancing maintenance of City
facilities and infrastructure.
In December 2019, a novel strain of coronavirus was reported in Wuhan, Hubei province, China. In the first
several months of 2020, the virus, SARS-CoV-2, and resulting disease, COVID-19, spread to the United
States, including to areas impacting the City. The City’s evaluation of the effects of these events is ongoing;
however we anticipate this situation could negatively impact a number of revenue streams, including hotel
room taxes, permits, investment revenue and potentially a variety of state aid resources. The extent of the
impact of COVID-19 on the City’s operational and financial performance will depend on future
developments, including the duration and spread of the outbreak and related governmental or other
regulatory actions.
Contacting the City’s Financial Management
This financial report is designed to provide a general overview of the City’s finances for all those with an
interest in the City’s finances. Questions concerning any of the information provided in this report or
requests for additional financial information should be addressed to City of Oshkosh Finance Office, P. O.
Box 1130, Oshkosh, Wisconsin 54903-1130.
BASIC FINANCIAL STATEMENTS
ASSETS
Cash and Investments $ 116,963,907 $ 73,170,085 $ 190,133,992 $ 153,076,481 $
Taxes Receivable 30,420,947 498,148 30,919,095 32,112,797 -
Due from Other Governments - 2,194,742 2,194,742 1,602,627 -
Accounts Receivable 3,514,777 6,635,385 10,150,162 9,596,606 -
Interest Receivable 29,127 - 29,127 - -
Special Assessments 4,159,454 - 4,159,454 7,128,464 -
Loans Receivable 5,398,583 - 5,398,583 5,028,738 -
Other Receivables 12,928 - 12,928 746 -
Deposits with GO HNI 212,933 - 212,933 212,378 -
Inventories and Prepaid Items 310,147 2,100,943 2,411,090 2,392,672 -
Restricted Cash and Investments - 21,747,876 21,747,876 21,785,724 -
Asset Held for Resale - 4,447,936 4,447,936 4,447,936 7,806,036
Net Pension Asset 18,513,127 2,916,559 21,429,686 10,977,378 -
Capital Assets - Nondepreciable 23,855,525 23,957,540 47,813,065 46,484,387 -
Capital Assets - Depreciable, Net 149,023,626 352,673,622 501,697,248 489,727,077 -
TOTAL ASSETS 352,415,081 490,342,836 842,757,917 784,574,011 7,994,582
DEFERRED OUTFLOWS OF RESOURCES
Deferred Outflows of Resources Related to Pension 30,785,301 4,849,918 35,635,219 25,504,752 -
Deferred Outflows of Resources Related to
Other Post-Employment Benefits 2,339,916 828,873 3,168,789 2,472,596 -
Deferred Charge on Refunding 173,236 147,783 321,019 459,701 -
Total Deferred Outflows of Resources 33,298,453 5,826,574 39,125,027 28,437,049 -
LIABILITIES
Accounts Payable 2,466,337 398,547 2,864,884 4,137,580 4,172
Accrued and Other Current Liabilities 4,055,569 1,000,000 5,055,569 3,943,266 -
Due to Other Governments - - - 119,870 -
Accrued Interest Payable 407,109 1,770,271 2,177,380 1,859,560 -
Deposits from Others 1,848,828 20,900 1,869,728 1,900,495 25,000
Current Portion of Compensated Absences 450,564 280,454 731,018 - -
Current Portion of Long-Term Obligations 13,480,000 15,824,443 29,304,443 30,067,757 -
Unearned Revenues
Grants - 1,463 1,463 30,618 -
American Rescue Plan Act Funds - 2021 9,300,339 - 9,300,339 - -
Net Other Post-Employment Benefits Liability 7,427,376 2,575,483 10,002,859 8,289,733 -
Compensated Absences 3,633,520 571,833 4,205,353 - -
Noncurrent Portion of Long-Term Obligations 101,704,959 219,556,708 321,261,667 313,930,540 -
TOTAL LIABILITIES 144,774,601 242,000,102 386,774,703 364,279,419 29,172
DEFERRED INFLOWS OF RESOURCES
Taxes Levied for Subsequent Period 49,437,869 809,500 50,247,369 47,521,677 -
Deferred Inflows of Resources Related to Pension 40,559,526 6,389,748 46,949,274 32,938,673 -
Deferred Inflows of Resources Related to
Other Post-Employment Benefits 1,395,393 474,824 1,870,217 2,053,085 -
Total Deferred Inflows of Resources 91,392,788 7,674,072 99,066,860 82,513,435 -
NET POSITION
Net Investment in Capital Assets 57,867,428 141,692,794 199,560,222 216,401,008 -
Restricted 39,045,714 23,124,605 62,170,319 40,387,501 -
Unrestricted 52,633,003 81,677,837 134,310,840 109,429,697 7,965,410
TOTAL NET POSITION $ 149,546,145 $ 246,495,236 $ 396,041,381 $ 366,218,206 $ 7,965,410
2020
Type
Business -
Activities
Governmental
Activities
Total
2021
CITY OF OSHKOSH, WISCONSIN
Statement of Net Position
As of December 31, 2021
With Summarized Information from December 31, 2020
Component Unit
Redevelopment
Authority
See Accompanying Notes
22
THIS PAGE LEFT BLANK INTENTIONALLY
GOVERNMENTAL ACTIVITIES
General Government $ 5,875,221 $ 1,129,474 $- $-
Public Safety 26,527,572 4,009,103 825,653 -
Public Works 13,344,942 8,324,516 476,616 1,823,508
Transportation 691,401 - - -
Health and Human Services 945,661 82,116 120,232 -
Culture and Recreation 9,633,892 1,076,121 874,792 -
Conservation and Development 10,158,963 1,069,686 167,066 1,020,312
Unclassified 819,412 - - -
Interest and Fiscal Charges 3,409,132 - - -
Total Governmental Activities 71,406,196 15,691,016 2,464,359 2,843,820
BUSINESS-TYPE ACTIVITIES
Transit Utility 5,410,888 791,695 4,011,307 -
Water Utility 12,757,074 15,577,307 - 70,381
Sewer Utility 13,445,130 15,797,270 - 338,079
Stormwater Utility 7,275,841 12,358,285 - 50,252
Parking Utility 208,667 109,478 - -
Oshkosh Redevelopment Project 1,568,768 1,906,658 - -
Industrial Park 12,507 - - -
Inspection Services 871,505 1,404,394 - -
Total Business-Type Activities 41,550,380 47,945,087 4,011,307 458,712
TOTAL CITY OF OSHKOSH $ 112,956,576 $ 63,636,103 $ 6,475,666 $ 3,302,532
COMPONENT UNIT
GENERAL REVENUES:
Taxes:
General Property Taxes
Tax Increments
Other Taxes
State and Federal Aids not Restricted to
Specific Functions
Interest and Investment Earnings
Gain (Loss) on Property Sales
Miscellaneous
Total General Revenues
TRANSFERS
CHANGE IN NET POSITION
NET POSITION - BEGINNING OF YEAR, AS RESTATED
NET POSITION - END OF YEAR
Operating Capital
CITY OF OSHKOSH, WISCONSIN
Statement of Activities
For the Year Ended December 31, 2021
Expenses Services Contributions
Grants and Charges for
Contributions
Grants and
With Summarized Information from December 31, 2020
Program Revenues
See Accompanying Notes
23
$ (4,745,747) $- (4,745,747) (4,551,777) $-
(21,692,816) - (21,692,816) (23,521,739) -
(2,720,302) - (2,720,302) (11,267,051) -
(691,401) - (691,401) (721,298) -
(743,313) - (743,313) (757,697) -
(7,682,979) - (7,682,979) (7,837,677) -
(7,901,899) - (7,901,899) (5,197,693) -
(819,412) - (819,412) (1,169,374) -
(3,409,132) - (3,409,132) (3,413,132) -
(50,407,001) - (50,407,001) (58,437,438) -
- (607,886) (607,886) (661,495) -
- 2,890,614 2,890,614 4,118,231 -
- 2,690,219 2,690,219 3,282,075 -
- 5,132,696 5,132,696 4,473,410 -
- (99,189) (99,189) (153,233) -
- 337,890 337,890 (340,849) -
- (12,507) (12,507) (15,077) -
- 532,889 532,889 246,831 -
- 10,864,726 10,864,726 10,949,893 -
(50,407,001) 10,864,726 (39,542,275) (47,487,545) -
41,142,543 809,500 41,952,043 41,139,722 -
5,568,977 - 5,568,977 2,586,498 -
270,503 - 270,503 462,095 -
-
18,015,015 - 18,015,015 13,718,267 -
1,768,125 70,255 1,838,380 1,895,040 -
118,356 44,258 162,614 887,674 (233,501)
1,557,918 - 1,557,918 4,606,511 1,062
68,441,437 924,013 69,365,450 65,295,807 (232,439)
1,058,000 (1,058,000) - - -
19,092,436 10,730,739 29,823,175 17,808,262 (195,235)
130,453,709 235,764,497 366,218,206 348,409,944 8,160,645
$ 149,546,145 $ 246,495,236 $ 396,041,381 $ 366,218,206 $ 7,965,410
Component Unit
Redevelopment
Authority 2021ActivitiesActivities
Governmental Business-Type
Net (Expense) Revenue
2020
and Changes in Net Position
See Accompanying Notes
24
ASSETS
Cash and Investments $ 28,815,228 $ 4,020,815 $ 12,880,648
Receivables:
Accounts Receivable 3,135,906 - -
Property Taxes 13,673,778 7,835,908 -
Special Assessments - - 4,159,454
Interest Receivable - - -
Loans Receivable - - -
Other Receivable - - 12,928
Deposits with GO HNI - - -
Due from Other Funds - - -
Inventories and Prepaid Items 235,147 - -
TOTAL ASSETS $ 45,860,059 $ 11,856,723 $ 17,053,030
LIABILITIES
Accounts Payable $ 350,747 $ 500 $2
Accrued Liabilities 4,055,569 - -
Due to Other Funds - - -
Special Deposits 772 - 1,528,726
Unearned Revenues
Grant - - -
American Rescue Plan Act Funds - 2021 - - -
Total Liabilities 4,407,088 500 1,528,728
DEFERRED INFLOWS OF RESOURCES
Taxes Levied for Subsequent Period 22,223,400 12,733,500 -
Special Assessments - - 6,573,228
Total Deferred Inflows of Resources 22,223,400 12,733,500 6,573,228
FUND BALANCES (DEFICIT)
Nonspendable 235,147 - -
Restricted - - -
Committed - - -
Assigned 712,583 - 8,951,074
Unassigned (Deficit)18,281,841 (877,277) -
Total Fund Balances (Deficit)19,229,571 (877,277) 8,951,074
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES (DEFICT)$ 45,860,059 $ 11,856,723 $ 17,053,030
General
Debt Service
Fund
Special
Assessment
Improvement
CITY OF OSHKOSH, WISCONSIN
Balance Sheet
Governmental Funds
As of December 31, 2021
With Summarized Information from December 31, 2020
See Accompanying Notes
25
$ 68,991,739 $ 114,708,430 $ 90,909,201
378,871 3,514,777 2,790,713
8,911,261 30,420,947 31,303,297
- 4,159,454 7,581,274
29,127 29,127 -
5,398,583 5,398,583 5,028,738
- 12,928 746
212,933 212,933 212,378
10,716,781 10,716,781 11,074,463
- 235,147 220,529
$ 94,639,295 $ 169,409,107 $ 149,121,339
$ 2,091,984 $ 2,443,233 $ 3,762,333
- 4,055,569 2,943,266
10,716,781 10,716,781 11,074,463
319,330 1,848,828 1,879,905
- - 26,000
9,300,339 9,300,339 -
22,428,434 28,364,750 19,685,967
14,480,969 49,437,869 46,686,572
- 6,573,228 7,128,463
14,480,969 56,011,097 53,815,035
- 235,147 334,522
30,306,812 30,306,812 24,505,733
8,317,413 8,317,413 8,068,583
29,584,851 39,248,508 30,976,401
(10,479,184) 6,925,380 11,735,098
57,729,892 85,033,260 75,620,337
$ 94,639,295 $ 169,409,107 $ 149,121,339
Totals
2021 2020Funds
Governmental
Nonmajor
See Accompanying Notes
26
2021 2020
Total Fund Balances - Governmental Funds 85,033,260$ 75,167,527$
Total net position reported for governmental activities in the statement
of net position are different from the amount reported above as total
governmental funds fund balance because:
Capital assets used in government activities are not financial resources and
therefore are not reported in the fund statements. Amounts reported for
governmental activities in the statement of net position:
Some receivables that are not currently available are reported as deferred
inflows of resources in the fund financial statements but are recognized as
revenue when earned in the government-wide statements.
position as governmental activities 2,302,020 2,160,109
Some deferred outflows and inflows of resources reflect changes in long-term
not reported in the fund financial statements (7,422,006) (6,976,790)
current period and therefore not reported in the fund statements. Noncurrent
liabilities reported in the statement of net position that are not reported in the
funds balance sheet
Total Net Position - Governmental Activities
CITY OF OSHKOSH, WISCONSIN
With Summarized Information from December 31, 2020
As of December 31, 2021
Governmental Funds to the Statement of Net Position
Reconciliation of the Balance Sheet
See Accompanying Notes
27
THIS PAGE LEFT BLANK INTENTIONALLY
REVENUES
Taxes $ 22,254,467 $ 11,160,200 $-
Special Assessments - - 4,974,825
Intergovernmental 16,900,511 - -
Licenses and Permits 846,865 - -
Fines, Forfeitures and Penalties 604,003 - -
Charges for Services 3,903,123 - -
Intergovernmental Charges for Services 3,535,484 - -
Investment Income 17,447 56,468 -
Donations - - -
Miscellaneous 985,938 - -
Total Revenues 49,047,838 11,216,668 4,974,825
EXPENDITURES
Current:
General Government 6,522,580 - -
Public Safety 29,235,580 - -
Public Works 5,742,445 - 11,532
Transportation 691,401 - -
Health and Human Services - - -
Culture and Recreation 2,245,535 - -
Conservation and Development 1,957,748 - -
Unclassified 819,412 - -
Debt Service:
Principal Retirement - 13,928,949 885,000
Interest and Fiscal Charges - 3,012,200 263,046
Capital Outlay 2,745 - 107,691
Total Expenditures 47,217,446 16,941,149 1,267,269
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 1,830,392 (5,724,481) 3,707,556
OTHER FINANCING SOURCES (USES)
Proceeds of Long-Term Debt - 3,363,156 -
Debt Premium - 1,359,700 -
Sale of Capital Assets - --
Transfers In 1,006,300 - -
Transfers Out (350,000) - -
Total Other Financing Sources (Uses)656,300 4,722,856 -
NET CHANGE IN FUND BALANCES 2,486,692 (1,001,625) 3,707,556
FUND BALANCES - BEGINNING, AS RESTATED 16,742,879 124,348 5,243,518
FUND BALANCES (DEFICIT) - ENDING $ 19,229,571 $ (877,277) $ 8,951,074
General
Debt Service
Fund
Special
Assessment
Improvement
CITY OF OSHKOSH, WISCONSIN
Statement of Revenues, Expenditures and Changes in Fund Balances (Deficit)
Governmental Funds
For the Year Ended December 31, 2021
With Summarized Information from December 31, 2020
See Accompanying Notes
28
$ 13,677,378 $ 47,092,045 $ 43,238,205
171,347 5,146,172 2,397,687
5,789,117 22,689,628 21,214,095
- 846,865 813,981
- 604,003 555,420
2,037,151 5,940,274 4,044,615
- 3,535,484 3,253,866
1,121,616 1,195,531 799,831
730,690 730,690 568,073
1,194,089 2,180,027 2,107,882
24,721,388 89,960,719 78,993,655
59,961 6,582,541 6,247,669
597,967 29,833,547 27,893,056
4,851,166 10,605,143 9,291,262
- 691,401 753,027
975,653 975,653 979,569
6,861,260 9,106,795 7,685,510
6,241,954 8,199,702 4,468,846
- 819,412 1,105,967
6,379,842 21,193,791 19,665,095
423,134 3,698,380 3,845,929
10,668,614 10,779,050 15,790,346
37,059,551 102,485,415 97,726,276
(12,338,163) (12,524,696) (18,732,621)
16,966,844 20,330,000 17,715,000
- 1,359,700 953,237
30,729 30,729 22,750
2,243,118 3,249,418 4,223,485
(2,229,418) (2,579,418) (2,390,867)
17,011,273 22,390,429 20,523,605
4,673,110 9,865,733 1,790,984
53,056,782 75,167,527 73,376,543
$ 57,729,892 $ 85,033,260 $ 75,167,527
Nonmajor
Governmental
Funds 2020
Total
2021
See Accompanying Notes
29
2021 2020
Net Change in Fund Balances - Total Governmental Funds 9,865,733$ 1,790,984$
activities are different because:
Governmental funds report capital outlays as expenditures. However, in the statement
of activities the cost of those assets is allocated over their estimated useful lives and
reported as depreciation expense.
affect the fund financial statements.5,704,439 (290,749)
Amounts related to the other post-employment benefit that are not current financial
133,107 (469,727)
are not reported as revenue in the funds.
Vested employee benefits are reported in the government funds when amounts are
paid. The statement of activities reports the value of benefits earned during the year.
This year the accrual of these benefits was less than the amount paid.245,174 211,932
Repayment of principal on long-term debt is reported in the governmental funds as an
expenditure, but is reported as a reduction in long-term debt in the statement of net
position and does not affect the statement of activities. The amount of long-term debt
principal payments in the current year is:21,193,791 19,665,095
Debt incurred in governmental funds is reported as an other financing source, but is
reported as an increase in outstanding long-term debt in the statement of net position,
and does not affect the statement of activities.
Long-term Debt Issued (20,330,000) (17,715,000)
Premium on Debt Issued (1,359,700) (953,237)
Interest payments on outstanding debt are reported in the governmental funds as an
expenditure when paid, in the statement of activities interest is reported as it accrues.(41,987) 158,266
Discounts, loss on advance refundings and premiums on debt issued are recorded as
other financing sources and uses in the governmental funds but are amortized over
the life of the related debt issue in the governmental activtiies financial statements.331,236 274,531
with governmental activities.141,910 (672,927)
Change in Net Position - Governmental Activities
CITY OF OSHKOSH, WISCONSIN
Amounts reported for governmental activities in the statement of
With Summarized Information from December 31, 2020
For the Year Ended December 31, 2021
Governmental Funds to the Statement of Activities
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits) -
See Accompanying Notes
30
THIS PAGE LEFT BLANK INTENTIONALLY
ASSETS
Current Assets:
Cash and Investments 2,260,543 18,879,457 26,390,724 23,711,829
Accounts Receivable 146,839 2,064,097 2,506,069 1,692,133
Property Taxes Levied for Subsequent Year 498,148 - - -
Due from Other Funds - - - -
Due from Other Governments 2,194,742 - - -
Prepaid Items 321,477 402,742 430,554 127,683
Inventories 111,443 569,156 63,926 55,814
Total Current Assets 5,533,192 21,915,452 29,391,273 25,587,459
Noncurrent Assets:
Restricted Cash - 6,386,194 7,812,118 7,549,564
Asset Held for Resale - -- -
Net Pension Asset 647,731 835,989 856,337 326,126
Land 367,811 141,277 301,288 8,390,975
Construction Work in Progress 57,582 1,714,961 6,650,115 1,299,114
Buildings and Improvements 3,727,532 - - 13,661,477
Infrastructure 394,451 115,431,973 145,783,002 119,952,903
Machinery and Equipment 10,986,838 53,441,269 40,644,933 2,137,969
Accumulated Depreciation (10,182,416) (60,260,180) (66,860,009) (23,589,857)
Total Noncurrent Assets 5,999,529 117,691,483 135,187,784 129,728,271
TOTAL ASSETS 11,532,721 139,606,935 164,579,057 155,315,730
DEFERRED OUTFLOWS OF RESOURCES
Deferred Charge on Advance Refunding - 51,340 96,443 -
Deferred Outflows of Resources Related to Pension 1,077,105 1,390,158 1,423,994 542,312
Deferred Outflows of Resources Related to
Other Post-Employment Benefits 226,987 224,679 238,125 84,589
Total Deferred Outflows of Resources 1,304,092 1,666,177 1,758,562 626,901
CURRENT LIABILITIES
Accounts Payable 51,551 79,026 97,130 9,475
Accrued and Other Current Liabilities - 1,000,000 - -
Accrued Interest 3,855 784,491 444,001 491,535
Due to Other Funds - - - -
Deposits from Others - 2,500 13,400 -
Due to Other Governments - - - -
Unearned Revenue 980 - - -
Compensated Absences 53,183 91,152 80,977 39,878
Current Portion of Long-Term Obligations 110,000 4,539,223 5,379,508 5,500,000
Total Current Liabilities 219,569 6,496,392 6,015,016 6,040,888
NONCURRENT LIABILITIES
Net Other Post-Employment Benefits Liability 703,438 699,018 732,227 260,940
Compensated Absences 107,979 187,492 164,409 80,963
Noncurrent Portion of Long-Term Obligations 790,000 52,995,691 81,460,313 83,039,131
Total Noncurrent Liabilities 1,601,417 53,882,201 82,356,949 83,381,034
TOTAL LIABILITIES 1,820,986 60,378,593 88,371,965 89,421,922
DEFERRED INFLOWS OF RESOURCES
Property Taxes Levied for Subsequent Period 809,500 - - -
Deferred Inflows of Resources Related to Pension 1,419,082 1,831,528 1,876,107 714,494
Deferred Inflows of Resources Related to
Other Post-Employment Benefits 129,379 129,022 133,719 47,793
Total Deferred Inflows of Resources 2,357,961 1,960,550 2,009,826 762,287
NET POSITION
Net Investment in Capital Assets 4,451,798 52,985,726 39,775,951 33,313,450
Restricted 305,754 6,780,813 8,216,342 7,703,508
Unrestricted 3,900,314 19,167,430 27,963,535 24,741,464
TOTAL NET POSITION
Transit Utility Water Utility Sewer Utility
Stormwater
Utility
CITY OF OSHKOSH, WISCONSIN
With Summarized Information from December 31, 2020
As of December 31, 2021
Proprietary Funds
Statement of Net Position
See Accompanying Notes
31
$1,927,532 73,170,085 59,966,546 2,255,477 2,200,734
226,247 6,635,385 6,780,288 - -
- 498,148 809,500 - -
1,145,768 1,145,768 1,028,307 474,431 454,928
- 2,194,742 1,602,627 - -
18,148 1,300,604 1,396,789 75,000 -
- 800,339 775,354 - -
3,317,695 85,745,071 72,359,411 2,804,908 2,655,662
- 21,747,876 21,785,724 - -
4,447,936 4,447,936 4,447,936 - -
250,376 2,916,559 1,555,705 - -
5,034,417 14,235,768 14,235,768 - -
- 9,721,772 10,395,125 - -
7,955,203 25,344,212 25,639,070 - -
3,447,323 385,009,652 368,572,910 - -
1,559,741 108,770,750 105,072,442 - -
(5,558,530) (166,450,992) (156,819,034) - -
17,136,466 405,743,533 394,885,646 - -
20,454,161 491,488,604 467,245,057 2,804,908 2,655,662
- 147,783 184,586 - -
416,349 4,849,918 3,621,331 - -
54,493 828,873 382,159 1,253 1,945
470,842 5,826,574 4,188,076 1,253 1,945
161,365 398,547 343,089 23,104 32,158
- 1,000,000 1,000,000 - -
46,389 1,770,271 1,494,438 - -
1,145,768 1,145,768 1,028,307 474,431 454,928
5,000 20,900 20,590 - -
- - 119,870 - -
483 1,463 4,618 - -
15,264 280,454 - - -
295,712 15,824,443 15,728,966 - -
1,669,981 20,441,846 19,739,878 497,535 487,086
179,860 2,575,483 1,304,968 5,370 7,975
30,990 571,833 1,103,469 - -
1,271,573 219,556,708 207,714,440 - -
1,482,423 222,704,024 210,122,877 5,370 7,975
3,152,404 243,145,870 229,862,755 502,905 495,061
- 809,500 809,500 - -
548,537 6,389,748 4,668,042 - -
34,911 474,824 328,339 1,236 2,437
583,448 7,674,072 5,805,881 1,236 2,437
11,165,869 141,692,794 162,667,610 - -
118,188 23,124,605 1,555,705 - -
5,905,094 81,677,837 71,541,182 2,302,020 2,160,109
Totals
Governmental Activities - Internal
Service Funds
2021 202020212020Nonmajor Funds
See Accompanying Notes
32
OPERATING REVENUES
Charges for Services $ 714,485 $ 15,381,609 $ 15,797,270 $ 12,321,058
Taxes - - - -
Fines, Forfeitures and Penalties - - - -
Other Operating Revenues 77,210 195,698 -37,227
Total Operating Revenues 791,695 15,577,307 15,797,270 12,358,285
OPERATING EXPENSES
Operation and Maintenance 4,678,585 7,063,584 6,234,879 2,155,373
Depreciation 684,231 3,706,264 4,215,592 2,459,072
Taxes - 142,765 180,181 70,624
Claims and Administration - -- -
Total Operating Expenses 5,362,816 10,912,613 10,630,652 4,685,069
OPERATING INCOME (LOSS)(4,571,121) 4,664,694 5,166,618 7,673,216
NONOPERATING REVENUES (EXPENSES)
General Property Taxes 809,500 - - -
Gain on Disposal of Capital Assets 651 14,168 23,534 5,905
Nonoperating Grants 4,011,307 - - -
Investment Earnings - 8,152 79,094 (16,991)
Interest Expense (48,072) (1,844,461) (2,814,478) (2,590,772)
Total Nonoperating Revenues (Expenses)4,773,386 (1,822,141) (2,711,850) (2,601,858)
INCOME (LOSS) BEFORE
CONTRIBUTIONS AND TRANSFERS 202,265 2,842,553 2,454,768 5,071,358
TRANSFERS IN - - - -
TRANSFERS OUT (17,000) (1,022,400) (13,800) (2,900)
CAPITAL CONTRIBUTIONS - 70,381 338,079 50,252
CHANGE IN NET POSITION 185,265 1,890,534 2,779,047 5,118,710
NET POSITION - BEGINNING 8,472,601 77,043,435 73,176,781 60,639,712
NET POSITION - ENDING
Transit Utility Sewer Utility
CITY OF OSHKOSH, WISCONSIN
Water Utility
Stormwater
Utility
With Summarized Information from December 31, 2020
For the Year Ended December 31, 2021
Proprietary Funds
Statement of Revenues, Expenses and Changes in Net Position
See Accompanying Notes
33
$ 1,500,069 $ 45,714,491 $ 44,235,782 $ 977,999 $ 795,343
1,800,580 1,800,580 831,538 - -
13,803 13,803 12,137 - -
106,078 416,213 373,374 - -
3,420,530 47,945,087 45,452,831 977,999 795,343
2,275,604 22,408,025 20,384,616 - -
302,065 11,367,224 10,987,614 - -
- 393,570 412,997 - -
- -- 1,228,506 1,486,556
2,577,669 34,168,819 31,785,227 1,228,506 1,486,556
842,861 13,776,268 13,667,604 (250,507) (691,213)
- 809,500 809,500 - -
- 44,258 840,924 - -
- 4,011,307 3,740,318 - -
- 70,255 583,594 4,418 18,286
(83,778) (7,381,561) (6,697,224) - -
(83,778) (2,446,241) (722,888) 4,418 18,286
759,083 11,330,027 12,944,716 (246,089) (672,927)
- - - 388,000 -
(1,900) (1,058,000) (1,832,618) - -
- 458,712 240,891 - -
757,183 10,730,739 11,352,989 141,911 (672,927)
16,431,968 235,764,497 224,411,508 2,160,109 2,833,036
2021 2020 2021 2020
Service Funds
Nonmajor Funds
Totals
See Accompanying Notes
34
CASH FLOWS FROM OPERATING ACTIVITIES
Cash Received from Customers $ 800,140 15,713,376 16,059,612 12,234,034
Cash Paid To Suppliers (1,788,799) (3,863,623) (3,285,418) (1,053,823)
Cash Paid to Employees For Wages and Benefits (2,729,592) (3,327,161) (3,357,400) (1,277,647)
Net Cash Flows From Operating Activities (3,718,251) 8,522,592 9,416,794 9,902,564
CASH FLOWS FROM NON-CAPITAL
FINANCING ACTIVITIES
General Property Taxes 1,120,852 - - -
Intergovernmental Revenues 3,352,505 - - -
Due To/Due From Other Funds - - 1,028,307 -
Net Cash Flows From Noncapital Financing Activities 4,456,357 (1,022,400) 1,014,507 (2,900)
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Acquisition of Capital Assets (595,799) (5,561,693) (11,434,488) (3,240,901)
Capital Assets Salvaged - - - 5,905
Sale of Capital Assets 651 14,168 23,534 -
Capital Contributions - 70,381 338,079
Principal Payments on Long-Term Debt (136,000) (8,327,440) (5,182,811) (5,070,000)
Proceeds from Long-Term Debt 150,000 8,360,000 13,940,000 7,160,000
Premiums Received on Long-Term Debt - 600,042 872,038 454,104
Interest and Fiscal Charges (47,991) (1,920,330) (2,853,967) (2,768,218)
Net Cash Flows From Capital and
Related Financing Activities (629,139) (6,764,872) (4,297,615) (3,408,858)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment Income (Loss)-8,152 79,094 (16,991)
2,260,543 25,265,651 34,202,842 31,261,393
RECONCILIATION OF CASH ACCOUNTS
Cash and Investments $ 2,260,543 18,879,457 26,390,724 23,711,829
Restricted Cash and Investments - 6,386,194 7,812,118 7,549,564
Total Reconciliation of Cash Accounts 2,260,543 25,265,651 34,202,842 31,261,393
RECONCILIATION OF OPERATING INCOME (LOSS)
TO NET CASH FLOWS FROM OPERATING ACTIVITIES
Operating Income (Loss)$ (4,571,121) $ 4,664,694 $ 5,166,618 $ 7,673,216
Adjustments to Reconcile Operating Income (Loss)
to Net Cash Flows from Operating Activities:
Depreciation 684,231 3,706,264 4,215,592 2,459,072
Meter Depreciation Charged to Sewer - 118,098 (118,098) -
Changes in Assets and Liabilities:
Customer Accounts Receivable 8,445 136,070 262,342 (124,251)
Prepaids 25,380 28,138 31,153 10,081
Inventories (2,211) (3,919) (6,793) (12,062)
Accounts Payable (53,009) 5,167 (30,466) (17,700)
Unearned Revenue (3,115) - - -
Special Deposits - 2,331 - (2,021)
Compensated Absences (88,611) (85,658) (53,769) (39,153)
Net Pension Asset (272,315) (422,497) (387,085) (141,653)
Deferred Outflows Related to Pension (209,512) (422,102) (330,273) (115,061)
Deferred Inflows Related to Pension 292,609 590,807 468,070 160,966
Net OPEB Liability 548,062 289,298 289,859 82,847
Deferred Outflows Related to OPEB (173,677) (107,770) (110,963) (33,578)
Deferred Inflows Related to OPEB 96,593 23,671 20,607 1,861
Net Cash Flows From
$(3,718,251) $8,522,592 $9,416,794 $9,902,564
CITY OF OSHKOSH, WISCONSIN
Statement of Cash Flows
Proprietary Funds
For the Year Ended December 31, 2021
With Summarized Information from December 31, 2020
Transit
Utility
Water
CASH AND INVESTMENTS - ENDING
CHANGE IN CASH AND INVESTMENTS
Stormwater
Utility
CASH AND INVESTMENTS - BEGINNING
Sewer UtilityUtility
See Accompanying Notes
35
$ 3,282,828 48,089,990 46,778,633 977,999
(1,294,081) (11,285,744) (9,503,606) (1,265,132) (1,252,811)
(902,052) (11,593,852) (11,094,532) (50,542) (205,175)
1,086,695 25,210,394 26,180,495 (337,675) (662,643)
- 1,120,852 809,500 -
- 3,352,505 3,726,972 -
(1,028,307)- 288,250 -
(1,030,207) 3,415,357 2,992,104 388,000
(69,224) (20,902,105) (24,074,139) -
- 5,905 - -
- 38,353 2,805,375 -
- 458,712 - -
(282,715) (18,998,966) (14,589,048) -
29,610,000 25,718,602 -
- 1,926,184 - -
(77,892) (7,668,398) (7,360,520) -
(429,831) (15,530,315) (17,499,730) -
-70,255 583,594 4,418
1,927,532 94,917,961 81,752,270 2,255,477
$ 1,927,532 73,170,085 59,966,546 2,255,477
- 21,747,876 21,785,724 -
1,927,532 94,917,961 81,752,270 2,255,477
$ 842,861
302,065
-
(137,702)
1,433
-
151,465
(40)
-
(37,174)
(137,304)
(151,639)
120,498
60,449
68,030
3,753
Governmental Activities - Internal
Service Funds
2021 2020
Nonmajor
2020
Totals
Funds 2021
See Accompanying Notes
36
ASSETS
Cash and Investments $25,918,388 21,388,268
Taxes Receivable 41,506,843 44,102,761
Other Receivables - 4,202
Total Assets 67,425,231 65,495,231
LIABILITIES
Accounts Payable 19,353 60,464
Due to Other Governments - 4,202
Total Liabilities 67,425,231 65,495,231
NET POSITION $- $-
CITY OF OSHKOSH, WISCONSIN
2021 2020
Custodial Funds
See Accompanying Notes
37
ADDITIONS
Taxes Collected on Behalf of Other Taxing Entities $46,073,361 $42,223,632
DEDUCTIONS
Taxes Remitted to Other Taxing Entities 46,073,361 42,223,632
CHANGE IN NET POSITION - -
NET POSITION - BEGINNING - -
NET POSITION - ENDING $- $-
Statement of Changes in Net Position
CITY OF OSHKOSH, WISCONSIN
2021 2020
With Summarized Information from December 31, 2020
For the Year Ended December 31, 2021
Fiduciary Fund
Custodial Fund
See Accompanying Notes
38
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
39
Note 1 - Summary of Significant Accounting Policies
This summary of significant accounting policies of the City of Oshkosh, Wisconsin (City) is presented to assist in
understanding the City’s financial statements. The financial statements and notes are representations of the City’s
management who is responsible for the integrity and objectivity of the financial statements. These accounting policies
conform to generally accepted accounting principles (GAAP) and have been consistently applied in the preparation of
the financial statements. The Governmental Accounting Standards Board (GASB) is the accepted standards setting
body for establishing governmental accounting and financial reporting principles.
Reporting Entity
The City is a municipal corporation governed by an elected seven member council. In accordance with generally
accepted accounting principles (GAAP), the financial statements are required to include the City (the primary
government) and any separate component units that have a significant operational or financial relationship with the City.
The City has identified the following component unit that is required to be included in the basic financial statements in
accordance with the 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.
City officials are responsible for appointing the board members of other organizations of the City of Oshkosh, but the
City’s accountability of this organization does not extend beyond making the appointments. The City is not financially
accountable for these organizations as defined by standards in GASB Statement No. 61. Therefore these organizations
are not included in the City’s reporting entity. The City appoints some or all of the members of the following
organizations:
Oshkosh Area School District
Fox Valley VTAE District
Housing Authority of the City of Oshkosh
Government-Wide and Fund Financial Statements
Government-Wide 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 activities of the City. Governmental activities, which normally are supported by taxes and
intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on
fees and charges for 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, 2) grants and contributions that are restricted to meeting the
operational requirements of a particular function, and 3) capital grants and contributions. Taxes and other items not
properly included among program revenues are reported instead as general revenues.
As a general rule the effect of interfund activity has been eliminated from the government-wide financial statements.
Exceptions to this general rule are other charges between the City’s enterprise funds 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.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
40
Note 1 - Summary of Significant Accounting Policies (Continued)
Government-Wide and Fund Financial Statements (Continued)
Fund Financial Statements
Separate financial statements are provided for governmental funds, proprietary funds and fiduciary funds.
Governmental funds include general, special revenue, capital projects and debt service funds. Proprietary funds include
enterprise funds and internal service funds. Major individual governmental funds and major individual enterprise funds
are reported as separate columns in the fund financial statements.
Fund financial statements of the reporting entity are organized into individual funds each of which are considered to be
separate accounting entities. Each fund is accounted for by providing a separate set of self-balancing accounts which
constitute its assets, deferred outflows of resources, liabilities, deferred inflows of resources, fund equity, revenues, and
expenditures/ expenses.
Funds are organized as major funds or non-major funds within the governmental and proprietary statements. An
emphasis is placed on major funds within the governmental and proprietary categories. A fund is considered major if it
is the primary operating fund of the City or meets the following criteria:
a. Total assets plus deferred outflows of resources, liabilities plus deferred inflows of resources, revenues, or
expenditures/expenses of that individual governmental or proprietary fund are at least 10 percent of the
corresponding total for all funds of that category or type and
b. The same element that met the 10 percent criterion in (a) is at least 5 percent of the corresponding element total
for all governmental and proprietary funds combined.
c. In addition, any other governmental fund that the City believes is particularly important to financial statement
users may be reported as a major fund.
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 enterprise funds are charges to
customers for services. Operating expenses for enterprise funds include the cost of services, administrative expenses,
and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating
revenues and expenses.
Governmental Funds
Governmental funds are identified as either general, debt service, special revenue or capital projects based upon the
following guidelines:
General Fund
The general fund is the primary operating fund of the City and is always classified as a major fund. It is used to
account for all financial resources except those required to be accounted for in another fund.
Special Revenue Funds
Special revenue funds are used to account for the specific revenue sources (other than major capital projects) that
are legally restricted to expenditures for specific purposes.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
41
Note 1 - Summary of Significant Accounting Policies (Continued)
Government-Wide and Fund Financial Statements (Continued)
Governmental Funds (Continued)
Trust Funds
Trust funds are used to account for the specific revenue sources (other than major capital projects) that are legally
restricted to expenditures for specific purposes.
Debt Service Funds
Debt service funds are used to account for the accumulation of resources for, and the payment of, general long-term
principal, interest, and related costs.
Capital Projects Funds
Capital projects funds are used to account for financial resources to be used for the acquisition or construction of
major capital facilities (other than those financed by proprietary funds).
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 required to be accounted for in another fund.
Debt Service Fund
This fund accounts for the resources accumulated and payments made for principal and interest on long-term
general obligation debt of governmental funds, except debt issued to finance project plan expenditures of the City’s
tax incremental financing Districts.
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.
Enterprise Funds
The City reports the following major enterprise funds:
Transit
This is the City’s fund to account for operations of the City bus transit system. Financing is provided through user
fees, federal and state grants and general property taxes.
Water Utility
This is the City’s fund to account for the operations of the City-owned water facilities.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
42
Note 1 - Summary of Significant Accounting Policies (Continued)
Government-Wide and Fund Financial Statements (Continued)
Sewer Utility
This is the City’s fund to account for the operations of the City-owned sewage facilities.
Storm Water Utility
This is the City’s fund to account for the operations of the City-owned storm water services to City residents, business
entities and public authorities.
Additionally, the City reports the following fund type:
Internal service funds account for the financing of goods and services provided by one department to other
city departments or to other governments on a cost reimbursement basis. The City has created internal
service funds for employee benefits, worker’s compensation, police and fire pensions.
Fiduciary Funds
The City follows the presentation requirements of accounting principles generally accepted in the United States of
America as prescribed by the Government Accounting Standards Board and GASB Statement No. 84, Fiduciary
Activities. This statement revised the criteria on whether the government is controlling the assets of the fiduciary
activity and the beneficiaries with whom a fiduciary relationship exists. An activity meeting the criteria should present
a statement of fiduciary net position and a statement of changes in fiduciary net position. Four types of fiduciary
funds that should be reported, if applicable, include pension (and other employee benefit) trust funds, investment
trust funds, private-purpose trust funds, and custodial funds.
The City reports the following custodial fund:
Tax Collection Fund
This fund accounts for taxes and deposits collected by the City, acting in the capacity of a custodian, for distribution
to other governmental units or designated beneficiaries.
Measurement Focus And Basis Accounting
The government-wide financial statements, proprietary fund statements and fiduciary fund statements are reported
using the economic resources measurement focus and the accrual basis of accounting. 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 Financial Statements
December 31, 2021
43
Note 1 - Summary of Significant Accounting Policies (Continued)
Assets, Liabilities and Net Position or Equity
Cash and Investments
Cash and investments are combined. Cash deposits consist of demand and time deposits with financial institutions
and are carried at cost. For purpose 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.
The City categories the fair value measurement of its investments based on the hierarchy established by generally
accepted accounting principles. The fair value hierarchy, which has three levels, is based on the valuation inputs
used to measure an asset’s fair value: Level 1 inputs are quoted prices in active markets for identical assets; Level
2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs.
Restricted Cash
Enterprise Funds - Cash has been set aside to provide for debt service of the water, sewer and stormwater utilities
and replacement of certain water and sewer utilities plant equipment.
Accounts Receivable
Accounts receivable are recorded at their gross amount with uncollectible amounts being recognized under the
direct write-off method. The receivable associated with ambulance billings has been shown net of an allowance of
$1,680,065.
Delinquent personal property taxes remain the collection responsibility of the City. The City is able to recover a
portion of these delinquent personal property taxes from other taxing jurisdictions.
The City has received federal and state grants for rehabilitation and business development loan programs provided
to area businesses and homeowners. A loan receivable is recorded when loan funds are disbursed to area
businesses or homeowners. 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.
Inventories
Inventories of governmental fund types are offset by a nonspendable fund balance to indicate they do not represent
spendable available financial resources.
Inventories of governmental and proprietary fund types are recorded at cost, which approximates market, using the
first-in, first-out method of valuation. The cost is recorded as an expenditure/expense at the time individual inventory
items are consumed rather than when purchased.
Prepaid Items
Payments made to vendors that will benefit periods beyond the end of the current fiscal year are recorded as prepaid
items.
Prepaid items of governmental fund types in the fund financial statements are offset by a nonspendable fund balance
to indicate that they do not represent spendable available financial resources.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
44
Note 1 - Summary of Significant Accounting Policies (Continued)
Assets, Liabilities and Net Position or Equity (Continued)
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 more and an estimated useful life in excess
of one year. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed.
Donated capital assets are recorded at acquisition cost at the date of donation.
In the fund financial statements, capital assets used in governmental fund operations are accounted for as capital
outlay expenditures of the governmental fund upon acquisition. Capital assets used in proprietary fund operations
are accounted for the same as in the government-wide statements.
The costs of normal maintenance and repairs that do not add to the value of the assets or materially extend asset
lives are not capitalized.
Property, plant and equipment of the City is depreciated using the straight-line method over the following estimated
useful lives:
Years
Governmental Business-Type
Assets Activities Activities
Buildings and Improvements 30 – 80 25 – 88
Machinery and Equipment 5 – 16 5 – 25
Infrastructure 15 – 20 40 – 75
Compensated Absences
It is the City’s policy to permit employees to accumulate earned but unused vacation, sick leave, and other benefits
at various rates depending on classification and length of service. Terminated employees are paid their unused
balances based on their current salary rates. All vacation and sick leave is accrued when incurred in the
government-wide and proprietary fund financial statements. In the governmental funds, accrued vacation and sick
pay are recognized as expenditures when liquidated with expendable available financial resources.
Deferred Outflows of Resources and Deferred Inflows of Resources
In addition to assets, the balance sheet and/or statement of net position will sometimes report a separate section
for deferred outflows of resources. This separate financial statement element, deferred outflows of resources,
represents a consumption of net position that applies to a future period(s) and so will not be recognized as an
outflow of resources (expense/expenditure) until then. The City has three items that quality for reporting in this
category. Accordingly, deferred outflows of resources related to pension, deferred outflows are resources related
to other post-employment benefits and deferred charge on refunding are reported in the statement of net
position.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
45
Note 1 - Summary of Significant Accounting Policies (Continued)
Assets, Liabilities and Net Position or Equity (Continued)
Deferred Outflows of Resources and Deferred Inflows of Resources (Continued)
In addition to liabilities, the balance sheet and/or statement of net position will sometimes report a separate
section for deferred inflows of resources. The separate financial statement element, deferred inflows of
resources, represents an acquisition of net position or fund balance that applies to a future period(s) and so will
not be recognized as an inflow of resources (revenue) until that time. The City has four types of deferred inflows
of resources, one which arises under both modified accrual and the full accrual basis of accounting, one that
only arises under the modified accrual basis of accounting on the governmental funds balance sheet and two
that arise under the full accrual basis of accounting. Taxes levied for the subsequent period have not met the
time requirement to be recognized as an acquisition of resources and is therefore reported as deferred inflows
of resources on both the governmental funds balance sheet and the governmental activities statement of net
position. The governmental funds report unavailable revenues from special assessments. These amounts are
deferred and recognized as an inflow of resources in the period that the amounts become available. Deferred
inflows of resources related to pension and deferred inflows of resources related to other post-employment
benefits are reported in the statement of net position.
Long-Term Obligations
In the government-wide financial statements and proprietary fund types fund financial statements, long-term debt
and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type
activities, or proprietary fund type statement of net position. Bond premiums and discounts, are deferred and
amortized over the life of the bonds. Bonds payable are reported net of the applicable bond premium or discount.
In the fund financial statements, governmental fund types recognize bond premiums and discounts 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.
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”
on the balance sheet.
Interfund Transactions
During the course of normal operations, the City has various transactions between funds, including expenditures
and transfers of resources to provide services, construct assets and service debt. The governmental funds generally
record such transactions as operating transfers if within governmental funds. Transactions between governmental
and proprietary funds are usually recorded as revenues and either expenditures or expenses of the respective funds.
Unearned Revenue
Revenue received that has not been earned, is recorded as a liability until a period of time or expenditures occur.
Once the funds are considered earned, at that point they are recognized as revenue.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
46
Note 1 - Summary of Significant Accounting Policies (Continued)
Assets, Liabilities and Net Position or Equity (Continued)
Equity Classifications
Government-Wide Statements
Equity is classified as net position and displayed in three components:
Net investment in capital assets – Amount of capital assets, net of accumulated depreciation, less outstanding
balances of any bonds, mortgages, notes or other borrowings that are attributable to the acquisition, construction,
or improvements of those assets.
Restricted net position – Amount of net position that is subject to restrictions that are imposed by 1) external
groups, such as creditors, 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 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.
Fund Financial Statements
Fund balance is classified as either 1) nonspendable, 2) restricted, 3) committed, 4) assigned, or 5) unassigned.
Nonspendable fund balance represents amounts that cannot be spent due to form (such as inventories and prepaid
amounts), or amounts that must be maintained intact legally or contractually (such as the principal of a permanent fund).
Restricted fund balance represents amounts constrained for a specific purpose by external parties, constitutional
provision or enabling legislation.
Committed fund balance represents amounts constrained for a specific purpose by a government using its highest level
of decision-making authority. It would require action by the same group to remove or change the constraints placed on
the resources. The action to constrain resources must occur prior to year-end; however, the amount can be determined
in the subsequent period. The Common Council is the decision-making authority that can, by adoption of a resolution
prior to the end of the fiscal year, commit fund balance.
Assigned fund balance, in the general fund, represents amounts constrained by the Common Council for a specific
intended purpose. The City has not delegated that authority to others. Assigned fund balance in all other governmental
funds represents any positive remaining amount after classifying nonspendable, restricted or committed fund balance.
Unassigned fund balance, represents amounts not classified as nonspendable, restricted, committed or assigned. The
general fund is the only fund that would report a positive amount in the unassigned fund balance.
The City, unless otherwise required by law or agreements, spends funds in the following order: restricted first, then
committed, then assigned, and lastly unassigned.
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.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
47
Note 1 - Summary of Significant Accounting Policies (Continued)
Assets, Liabilities and Net Position or Equity (Continued)
Fund Financial Statements
The minimum fund balance amount is calculated as follows:
Budgeted 2022 General Fund Revenues 49,752,600$
Minimum Fund Balance %x 16%
Minimum Fund Balance Amount 7,960,416$
The City’s unassigned fund balance of $18,281,841 is above the minimum fund balance amount.
Claims and Judgments
Claims and judgments are recorded as liabilities if all the conditions of Governmental Accounting Standards Board
pronouncements are met. Claims and judgments expected to be liquidated with expendable available financial resources
are recorded during the year as expenditures in the governmental funds. If they are not expected to be liquidated with
expendable available financial resources, no liability is recognized in the governmental fund financial statements. Claims
and judgments in the government-wide financial statements and proprietary funds are recorded as expenses when the
related liabilities are incurred. There were no significant claims or judgments at the end of the year.
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management
to make estimates and assumptions that affect the reported amounts of assets, deferred outflows of resources, liabilities
and deferred inflows of resources and disclosure of contingent assets, deferred outflows of resources, liabilities and
deferred inflows of resources at the date of the financial statements and the reported amounts of revenues and
expenditures/expenses during the reporting period. Actual results may differ from those estimates, particularly given the
significant social and economic disruptions and uncertainties associated with the ongoing COVID-19 pandemic and
the COVID-19 control responses, and such differences may be material.
Prior Year Information
Comparative amounts for the prior year have been presented in the basic financial statements to provide an
understanding of changes in the City’s financial position and operations. The comparative amounts are summarized
in total and not at the level of detail required for a presentation in conformity with generally accepted accounting
principles. Accordingly, such information should be read in conjunction with the government’s financial statements for
the year ended December 31, 2020, from which the summarized information was derived.
Reclassifications
Certain amounts in the prior year financial statements have been classified to conform to the presentation in the current
year financial statements.
Note 2 - Cash and Investments
The City is required to invest its funds in accordance with Wisconsin Statutes. Allowable investments are as follows:
Time deposits in any credit union, bank, savings bank or trust company maturing in three year or less.
Bonds or securities of any county, city, drainage district, technical college district, village, town, or school district of
the state. Also, bonds issued by a local exposition district, local professional baseball park district, or the University
of Wisconsin Hospitals and Clinics Authority.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
48
Note 2 - Cash and Investments (Continued)
Bonds or securities issued or guaranteed by the federal government.
The Wisconsin Local Government Investment Pool.
Any security maturing in seven year or less and having the highest or second highest rating category of a nationally
recognized rating.
Securities of an open-end management investment company or investment trust subject to various conditions and
investment options.
Repurchase agreements with public depositories, with certain conditions.
The carrying amount of the City’s cash and investments totaled $238,201,735 on December 31, 2021 are as follows:
Petty Cash and Cash on Hand $15,187
Deposits With Financial Institutions 184,858,134
Investments 53,328,414
Reconciliation to the Financial Statements
Government-Wide Statement of Net Position:
Cash and Investments $ 190,322,538
Deposit with GO HNI 212,933
Restricted Cash 21,747,876
Fiduciary Funds Statement of Net Position:
Custodial Funds 25,918,388
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.
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 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.
At December 31, 2021, the City’s deposits had a bank balance of $184,355,464. The City maintains its cash accounts at
several financial institutions. Deposits in each bank are insured by the FDIC up to $250,000 for the combined amounts of
all time and savings accounts (including NOW accounts); up to $250,000 for the combined amount of all interest and
noninterest bearing demand deposit accounts. Deposits in credit unions are insured by the NCUA up to $250,000 for all
accounts.
Any losses caused by failure of public depositories are also covered by the State Deposit Guarantee Fund. The fund
provides coverage of $400,000 in each financial institution above the applicable insurance coverage provided by the FDIC.
However, although the fund had reserves available at December 31, 2021, the future availability of resources to cover the
losses cannot be projected because provisions of the 1985 Wisconsin Act 25 provided that the amount in the fund will be
used to repay public depositors for losses until the appropriation is exhausted, at which time the fund will be abolished;
therefore, the State Deposit Guarantee Fund is not considered in covered amounts noted below.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
49
Note 2 - Cash and Investments (Continued)
The following represents a summary of deposits as of December 31, 2021:
Fully Insured Deposits 9,320,095$
Collateralized 166,904,705
Uninsured and Uncollateralized 11,540,067
Total 187,764,867$
The difference between the bank balance and carrying value is due to outstanding checks and/or deposits in transit at
December 31, 2021.
Credit Risk – State law limits investments in commercial paper, corporate bonds, and mutual bond funds to the top two
ratings issued by nationally recognized statistical rating organizations. The City’s investment policy does not further limit its
investment choices.
As of December 31, 2021, the City’s credit quality ratings are as follows:
U.S. Treasury Securities $ 384,437 $- $ 384,437 $- $- $- $-
Federal Farm Credit 365,125 - 365,125 - - - -
Federal Home Loan Bank 5,570,221 - 5,570,221 - - - -
Federal Home Loan Mortgage 1,282,655 - 1,282,655 - - - -
Federal National Mortgage 45,572 - 45,572 - - - -
Money market mutual funds 1,170,992 - 8,118 - - - 1,162,874
Municipal Bonds 8,214,179 - 754,987 1,098,994 2,287,627 392,659 3,679,912
Mutual funds 3,305,289 - -- - - 3,305,289
Negotiable Certificate of Deposts 1,478,595 - -491,210 - 241,209 746,176
Oshkosh Community Foundation 5,533,028 - -- - - 5,533,028
Corporate stocks / bonds 791,230 - -- - - 791,230
Wisconsin Investment Series Cooperative 15,031,244 - -- - - 15,031,244
WI Local Government Investment Pool 10,155,847 - -- - - 10,155,847
Exempt
From Not
Investment Type Amount Disclosure AAA Aa1 A RatedAa2
Concentration of Credit Risk
The City’s investment policy states that it will diversify its investments by security type and institution. With the
exception of U.S. Treasury securities and authorized pools, no more than 50% of the City’s total investment portfolio
will be invested in a single type or with a single financial institution. Investments in any one issuer that represent 5%
or more of City’s total investments are as follows:
Issuer Investment Type
Reported
Amount
Total
Investments
Federal Home Loan Bank Federal Agency Security 5,570,221$ 10.45%
Interest Rate Risk
Interest rate risk is the risk that changes in 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 so that a portion
of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and
liquidity needed for operations.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
50
Note 2 - Cash and Investments (Continued)
As of December 31, 2021, the City’s investments were as follows:
Investment Type
U.S. Treasury Securities $ 384,437 $- $ - $ 384,437 $ -
Federal Farm Credit 365,125 365,125 - - -
Federal Home Loan Bank 5,570,221 - - 5,570,221 -
Federal Home Loan Mortgage 1,282,655 - 618,877 663,778 -
Federal National Mortgage 45,572 45,572 - - -
Money market mutual funds 30,862 30,862 - - -
Municipal Bonds 8,214,178 2,717,870 1,907,783 2,814,086 774,439
Mutual funds 3,305,289 3,305,289 - - -
Negotiable Certificate of Deposts 2,618,726 1,886,307 - 732,419 -
Oshkosh Community Foundation 5,533,028 5,533,028 - --
Corporate stocks / bonds 791,230 791,230 - --
Wisconsin Investment Series Cooperative 15,031,244 15,031,244 - --
WI Local Government Investment Pool 10,155,847 10,155,847 - --
Amount or Less Months Months 60 Months
Remaining Maturity (in Months)
12 Months 13 to 24 25 to 60 More Than
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 that already indicated in the information provided above):
Highly Sensitive Investments
Fair Value at
Year End
Federal National Mortgage Association 45,572$
Federal Home Loan Bank 5,570,221
Federal Home Loan Mortgage Corp 1,282,655
Federal Farm Credit Bureau 365,125
Fair Value
Investments are measured at fair value on a recurring basis. Recurring fair value measurements are those that
Governmental Accounting Standards Board (GASB) Statements require in the statement of net position at the end
of each reporting period. Fair value measurements are categorized based on the valuation inputs used to measure
an asset’s fair value.
Level 1 – Valuation for assets are from quoted prices in active markets. These valuations are obtained
from readily available pricing sources for market transactions involving identical assets.
Level 2 – Valuation for assets are from less active markets. These valuations are obtained from third
party pricing services for identical or similar assets.
Level 3 – Measurements that are least observable are estimated from related market data, determined
from sources with little or no market activity for comparable contracts, or are positions with longer durations.
These valuations incorporate certain assumptions and projections in determining fair value assigned to
such assets.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
51
Note 2 - Cash and Investments (Continued)
U.S. Treasury Securities $ 384,437 $- $-
Federal Farm Credit - 365,125 -
Federal Home Loan Bank - 5,570,221 -
Federal Home Loan Mortgage - 1,282,655 -
Federal National Mortgage - 45,572 -
Money market mutual funds 30,862 - -
Municipal Bonds - 8,214,178 -
Mutual funds 3,305,289 - -
Negotiable Certificate of Deposts - 2,618,726 -
Oshkosh Community Foundation - -5,533,028
Corporate stocks / bonds - 791,230 -
Fair Value Measurement Using
Level 1 Level 2 Level 3
The Wisconsin Local Government Investment Pool (LGIP) is part of the State Investment Fund (SIF), and is managed
by the State of Wisconsin Investment Board. The SIF is not registered with the Securities and Exchange Commission,
but operates under the statutory authority of Wisconsin Chapter 25. Participants in the LGIP have the right to withdraw
their funds in total on one day’s notice. Investments in the local government investment pool are not insured.
Investments in the LGIP are valued at amortized cost. The balance in the local government investment pool at
December 31, 2021 was $10,155,847.
The City has investments in the Wisconsin Investment Series Cooperative (WISC) of $15,031,244 at year-end
consisting of $15,031,244 invested in the Investment Series. The Investment Serries requires a 14 day minimum
investment period and one business day withdrawal notice, and the average dollar weighted maturity in 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
Cooperate Statute, Section 66.031. WISC is governed by the Wisconsin Investment Series Cooperative Commission
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 represents amounts held by 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.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
52
Note 3 - Restricted Assets
Restricted assets on December 31, 20201 totaled $21,747,876 and consisted of cash and investments held for the
following purposes:
Enterprise Funds:
Water Utility
Plant Replacement 1,140,131$
Bond Reserve - To make up for potential future defiencies in net revenues 5,092,385
Depreciaiton Fund - To replace certain assets for water distribution 153,678
Total 6,386,194
Sewer Utility
Bond Reserve - To make up for potential future defiencies in net revenues 5,699,838
DNR Infrastructure Plant Replacement 2,112,280
Total 7,812,118
Storm Water Utility
Bond Reserve - To make up for potential future defiencies in net revenues 7,549,564
Total Restricted Assets 21,747,876$
Note 4 - Property Taxes
Real estate property taxes are payable in full by January 31 or in four installments on or before January 31, March 31,
May 31, and July 31. Real estate taxes not paid by July 31 are submitted to Winnebago County for final collection as
part of the August tax settlement.
Personal Property tax bills, except improvements on leased land, must be paid in full on or before January 31 or the
taxes are delinquent.
All delinquent real estate and personal property taxes are subject to interest of 1% per month (fraction of a month counts
as a whole month) from February 1 until paid and may be subject to an additional penalty (sec. 74.47, Wis. Stats.). The
payment must be received by the treasurer within 5 working days of the due date.
Under 2011 Wisconsin Act 32, a municipality is allowed to increase its levy over the amount it levied in the prior year
by the percentage increase in equalized value from net new construction or zero percent. Changes in debt service from
one year to the next are generally exempt from this limit.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
53
Note 5 - Capital Assets
Capital asset activity for the year ended December 31, 2021 was as follows:
Governmental Activities
Capital Assets not Being Depreciated
Land $ 20,850,348 1,424,032 - 22,274,380
Construction in Progress 1,003,147 577,998 - 1,581,145
Total Capital Assets Not
Being Depreciated 21,853,495 2,002,030 - 23,855,525
Capital Assets Being Depreciated
Buildings and Improvements 71,631,498 833,392 -72,464,890
Machinery and Equipment 72,413,156 2,271,756 2,443,070 72,241,842
Infrastructure 112,224,791 11,954,377 4,203,201 119,975,967
Total Capital Assets Being
Depreciated 256,269,445 15,059,525 6,646,271 264,682,699
Less Accumulated Depreciation (109,007,757) (13,297,587) (6,646,271) (115,659,073)
Total Capital Assets Being
Depreciated, Net of Depreciation 147,261,688 1,761,938 - 149,023,626
Governmental Activities Capital
Assets, Net of Accumulated
Depreciation $169,115,183 3,763,968 -172,879,151
Business-Type Activities
Capital Assets not Being Depreciated
Land $ 14,235,768 - -14,235,768
Construction in Progress 10,395,125 7,685,201 8,358,554 9,721,772
Total Capital Assets Not Being 24,630,893 7,685,201 8,358,554 23,957,540
Depreciated
Capital Assets Being Depreciated
Buildings and Improvements 25,639,070 6,065 300,923 25,344,212
Machinery and Equipment 105,072,442 4,491,912 793,604 108,770,750
Infrastructure 368,572,910 17,077,481 640,739 385,009,652
Subtotal 499,284,422 21,575,458 1,735,266 519,124,614
Less Accumulated Depreciation (156,819,034) (11,367,224) (1,735,266) (166,450,992)
Total Capital Assets Being
Depreciated, Net of Depreciation 342,465,388 10,208,234 - 352,673,622
Business-Type Activities Capital
Assets, Net of Accumulated
Depreciation $367,096,281 17,893,435 8,358,554 376,631,162
Ending
Beginning Increases Decreases Ending
Beginning Increases Decreases
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
54
Note 5 - Capital Assets (Continued)
Depreciation expense was charged to functions of the City as follows:
Governmental Activities:
General Government 487,683
Public Safety 1,846,740
Public Works 7,506,752
Culture and Recreation 1,553,815
Conservation and Development 1,902,597
Total Depreciation Expense - Governmental Activities $ 13,297,587
Business-Type Activities:
Transit 684,231
Storm Water Utility 2,459,072
Water Utility Depreciation Charged to Accumulated Depreciation 3,824,362
Less: Share of Meter Depreciation (118,098)
Water Utility Depreciation Expense 3,706,264
Sewer Utility Depreciation Charged to Accumulated Depreciation 4,097,494
Plus: Share of Meter Depreciation 118,098
Sewer Utility Depreciation Expense 4,215,592
Parking Utility 125,792
Oshkosh Redevelopment Project 176,273
Total Depreciation Expense - Business-Type Activities 11,367,224
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
55
Note 6 - Interfund Receivables, Payables and Transfers
The following is a schedule of interfund receivables and payables:
Receivable Fund Payable Fund Amount Purpose
Governmental Activities:
Library Permanent Funds 5,433$ Year End Cash Flow Timing
Museum Permanent Funds 349,550
Street Improvement Sidewalk Construction 657,961
Street Improvement Public Works Special 142,242
TIF No. 35 TIF No. 41 8,582
TIF No. 35 TIF No. 38 11,630
Equipment TIF No. 27 1,457,727
Equipment TIF No. 26 2,777,587
Equipment TIF No. 25 307,144
Equipment TIF No. 23 1,603,366
Equipment TIF No. 18 913,857
Equipment TIF No. 17 658,406
Equipment TIF No. 13 469,811
Equipment Grand Opera House 1,661 Year End Cash Flow Timing
Worker's Compensation Hospital Insurance 474,431
TIF No. 17 TIF No. 2 1,343,000
11,191,212$
Business-type Activities:
Interfund transfers for the year ended December 31, 2021 were as follows:
Fund Transferred To Fund Transferred From Amount
General Fund Water Utility 1,000,000$
Street Improvement Equipment 758,100
TIF No. 35 TIF No. 34 787,500
Worker's Compensation General Fund 330,000
Worker's Compensation Transit 17,000
Worker's Compensation Water Utility 22,400
Worker's Compensation Sewer Utility 13,800
Worker's Compensation Stormwater Utility 2,900
Worker's Compensation Inspection Services 1,900
TIF No. 35 Street Improvement 165,550
Museum Permanent Funds 360,897
Cemetery Permanent Funds 77,800
Police Special Permanent Funds 51,986
EMS Fire Grant Permanent Funds 285
Leach Amphitheater Permanent Funds 20,000
Permanent Funds Museum 1,000
General Fund TIF No. 41 6,300
TIF No. 40 General Fund 10,000
TIF No. 41 General Fund 10,000
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
56
Note 6 - Interfund Receivables, Payables and Transfers (Continued)
Transfers are used to: 1) move unrestricted revenues collected in the general fund to finance various programs
accounted for in other funds in accordance with budgetary authorizations; 2) move revenues from the fund that is
required to collect them to the fund that is required or allowed to expend them; 3) move receipts restricted to or allowed
for debt service from the funds collecting the receipts to the debt service funds as debt service payments become due;
and 4) move payment in lieu of taxes from the regulated utilities to the general fund.
Note 7 - Long-Term Obligations
The following is a summary of changes in long-term obligations of the City for the year ended December 31, 2021:
Governmental Activities
General Obligation Debt
Bonds and Notes $ 108,453,387 $ 20,330,000 $ 20,347,278 $ 108,436,109 $ 12,608,609
Notes From Direct Borrowing 2,782,434 - 846,513 1,935,921 871,391
Total General Obligation Debt 111,235,821 20,330,000 21,193,791 110,372,030 13,480,000
Debt Premium 3,886,343 1,359,700 433,114 4,812,929 -
Compensated Absences 4,329,258 - 245,174 4,084,084 450,564
Total Governmental Activity
Long-Term Liabilities $ 119,451,422 $ 21,689,700 $ 21,872,079 $ 119,269,043 $ 13,930,564
Business-Type Activities
General Obligation Debt
Transit Utility $ 886,000 $ 150,000 $ 136,000 $ 900,000 $ 110,000
Water Utility 3,100,000 - 715,000 2,385,000 580,000
Sewer Utility 4,445,000 - 850,000 3,595,000 740,000
Stormwater Utility 3,860,000 - 700,000 3,160,000 725,000
Parking Utility 25,000 - -25,000 -
Industrial Park 400,000 - 105,000 295,000 110,000
Notes From Direct Borrowing
Oshkosh Redevelopment 1,425,000 - 177,715 1,247,285 185,712
Total General Obligation Debt 14,141,000 150,000 2,683,715 11,607,285 2,450,712
Revenue Bonds
Water Utility 48,135,000 8,360,000 6,990,000 49,505,000 3,550,000
Sewer Utility 64,770,000 13,940,000 3,870,403 74,839,597 4,165,000
Stormwater Utility 79,445,000 7,160,000 4,370,000 82,235,000 4,775,000
Notes from Direct Borrowing
Water Utility 3,698,448 - 622,440 3,076,008 409,223
Sewer Utility 5,243,572 - 462,408 4,781,164 474,508
Total Revenue Bonds 201,292,020 29,460,000 16,315,251 214,436,769 13,373,731
Debt Premium
Water Utility 2,138,020 600,042 169,156 2,568,906 -
Sewer Utility 2,954,223 872,038 202,201 3,624,060 -
Stormwater Utility 2,918,143 454,104 228,116 3,144,131 -
Total Debt Premium 8,010,386 1,926,184 599,473 9,337,097 -
Compensated Absences 1,103,469 - 251,182 852,287 280,454
Total Business Activity
Long-Term Liabilities $ 224,546,875 $ 31,536,184 $ 19,849,621 $ 236,233,438 $ 16,104,897
Beginning Ending Due Within
Balance Issued Retired Balance One Year
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
57
Note 7 - Long-Term Obligations (Continued)
General obligation debt currently outstanding is detailed as follows:
Refunding Bonds:
2010C 8/25/10 12/1/11 - 6/1/24 6/1 - 12/1 2.00 - 3.25% $ 12,620,000 $ 250,000
2011A 3/16/11 12/1/21 - 22 6/1 - 12/1 2.00 - 3.50% 8,490,000 895,000
2011B 3/16/11 3/15/12 - 23 3/15 - 9/15 2.00 - 4.70% 6,350,000 540,000
2012A 6/28/12 12/1/13 - 27 6/1 - 12/1 0.40 - 3.00% 5,595,000 1,185,000
2016C 7/6/16 12 1/17 - 34 6/1 - 12/1 2.25 - 3.00% 9,850,000 8,235,000
2016H 10/6/16 12/1/17 - 30 6/1 - 12/1 3.00 - 4.00 % 6,890,000 4,820,000
2021F 11/28/21 12/1/22 - 31 6/1 - 12/1 2.00 - 5.00% 6,320,000 6,320,000
Coporate Purpose Bonds:
2012B 11/1/12 12/1/13 -31 6/1 - 12/1 2.00 - 3.00% 12,480,000 -
2013B 12/4/13 12/1/14 -33 6/1 - 12/1 2.00 - 4.00% 9,080,000 6,060,000
2014B 11/5/14 12/1/15 -33 6/1 - 12/1 2.00 - 3.00% 14,455,000 7,525,000
2015A 7/15/15 12/1/16 - 34 6/1 - 12/1 2.00 - 4.00% 18,750,000 11,200,000
2016A 6/14/16 12/1/17 - 35 6/1 - 12/1 2.00 - 4.00% 7,950,000 3,525,000
2017A 7/6/17 12/1/18 - 36 6/1 - 12/1 3.00 - 4.00% 5,440,000 4,235,000
2018A 6/28/18 12/1/18 - 37 6/1 - 12/1 3.00 - 3.50% 5,545,000 4,800,000
2019A 6/27/19 12/1/20 - 38 6/1 - 12/1 2.75 - 4.00% 5,380,000 4,570,000
2020A 7/1/20 6/1/21 - 40 6/1 - 12/1 2.00 - 3.00% 10,425,000 9,615,000
2021A 6/30/21 6/1/22 - 41 6/1 - 12/1 2.00 - 3.00% 8,660,000 8,660,000
Promissory Notes:
STFL 05 5/31/05 3/15/07 - 25 3/15 5.00%200,000 56,356
STFL 13 3/8/13 3/15/14 - 22 3/15 2.75%2,000,000 247,807
STFL 13 4/3/13 3/15/14 - 23 3/15 2.75%640,000 142,086
STFL 13 11/19/13 3/15/14 - 24 3/15 2.75%2,644,100 650,124
2013C 12/4/13 12/1/14 - 23 6/1 - 12/1 2.00 - 3.00% 1,690,000 370,000
2014C 11/5/14 12/1/15 - 23 6/1 - 12/1 2.00%2,615,000 615,000
STFL 15 2/17/15 3/15/16 - 24 3/15 3.50%1,250,000 461,494
2015B 7/15/15 12/1/16 - 24 6/1 - 12/1 2.00 - 3.00% 4,210,000 1,485,000
STFL 16 7/19/16 3/15/17 - 26 3/15 3.00%711,300 378,055
2016B 9/14/16 12/1/17 - 25 6/1 - 12/1 2.00 - 4.00% 4,700,000 2,180,000
2017B 7/6/17 12/1/18 - 26 6/1 - 12/1 2.00 - 4.00% 5,830,000 3,335,000
STFL CONV CENTER 8/21/17 3/15/18 - 27 3/15 4.50%1,500,000 1,247,285
2018B 6/28/18 12/1/19 - 27 6/1 - 12/1 3.00 - 4.00% 5,895,000 4,010,000
2018SBA 11/1/18 11/1/18 - 32 11/1 4.00%140,000 116,108
2019B 6/27/19 12/1/19 - 28 6/1 - 12/1 3.00 - 4.00% 15,820,000 12,245,000
2020B 7/1/20 6/1/21 - 30 6/1 - 12/1 2.00 - 3.00% 7,290,000 6,505,000
2021B 6/30/21 6/1/22 - 31 6/1 - 12/1 2.00 - 3.00% 5,500,000 5,500,000
Total Outstanding General Obligation Debt $ 121,979,315
12/31/2021
Date of Principal Interest Interest Original Balance
Issuance Payable Payable Rates Indebtedness
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
58
Note 7 - Long-Term Obligations (Continued)
The annual principal and interest maturities are as follows:
2022 $ 12,608,609 $ 3,239,836 $ 871,391 $ 58,911 $ 13,480,000 $ 3,298,747
2023 12,128,954 2,707,442 642,340 33,362 12,771,294 2,740,804
2024 11,394,311 2,335,547 249,082 14,091 11,643,393 2,349,638
2025 10,684,684 2,001,970 92,960 5,496 10,777,644 2,007,466
2026 9,570,073 1,712,626 80,148 2,404 9,650,221 1,715,030
2027 - 2031 34,826,734 4,917,716 - - 34,826,734 4,917,716
2032 - 2036 13,797,744 1,301,238 - - 13,797,744 1,301,238
2037 - 2041 3,425,000 162,103 - - 3,425,000 162,103
Governmental Activities
Bonded and General Debt Notes From Direct Borrowings Totals
Principal Interest Principal Interest Principal Interest
2022 $ 2,265,000 $ 305,055 $ 185,712 $ 56,128 $ 2,450,712 $ 361,183
2023 1,770,000 234,844 194,069 47,771 1,964,069 282,615
2024 1,500,000 182,645 202,695 39,145 1,702,695 221,790
2025 1,235,000 139,307 211,923 29,916 1,446,923 169,223
2026 1,125,004 104,552 221,456 20,384 1,346,460 124,936
2027 - 2031 1,954,996 180,004 231,430 10,410 2,186,426 190,414
2032 - 2036 510,000 23,850 - - 510,000 23,850
Business Type Activities
Bonded and General Debt Notes From Direct Borrowings Totals
Principal Interest Principal Interest Principal Interest
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
59
Note 7 - Long-Term Obligations (Continued)
Revenue bond debt currently outstanding is detailed as follows:
Water Utility
Safe Drinking Revenue Bond 4874-02 2008 5/1/10 - 28 5/1/ & 11/1 2.75% $ 1,344,824 $ 3,076,008
Revenue Bond 2013E 2013 1/1/15 - 33 1/1 & 7/1 2.25 - 3.125% 3,785,000 2,130,000
Revenue Bond 2014E 2014 1/1/16 - 34 1/1 & 7/1 2.00 - 4.125% 3,795,000 2,205,000
Revenue Bond 2015E 2015 1/1/16 - 35 1/1 & 7/1 2.00 - 4.00% 6,660,000 5,120,000
Revenue Bond 2016F 2016 1/1/17 - 36 1/1 & 7/1 3.00 - 4.00% 6,835,000 5,405,000
Safe Drinking Revenue Bond 2016G 2016 1/1/17 - 37 1/1 & 7/1 2.00 - 3.00% 11,690,000 6,660,000
Revenue Bond 2017C 2017 1/1/18 - 38 1/1 & 7/1 2.00 - 4.00% 8,880,000 7,340,000
Revenue Bond 2019D 2019 1/1/20 - 39 1/1 & 7/1 3.00 - 5.00% 8,220,000 6,960,000
Revenue Bond 2020D 2020 1/1/21 - 40 1/1 & 7/1 2.00 - 4.00% 5,525,000 5,325,000
Revenue Bond 2021D 2021 1/1/22 - 41 1/1 & 7/1 2.00 - 3.00% 5,605,000 5,605,000
Refunding Revenue Bond 2021G 2021 1/1/23 - 32 1/1 & 7/1 3.00%2,755,000 2,755,000
Sewer Utility
Clean Water Revenue Bond 4130-05 2004 5/1/05 - 24 5/1/ & 11/1 2.396%1,989,231 619,990
Revenue Bond 2012E 2012 5/1/13 - 32 5/1/ & 11/1 2.25 - 3.00% 6,270,000 3,460,000
Revenue Bond 2013D 2013 1/1/14 - 33 5/1/ & 11/1 2.00 - 4.125% 4,175,000 2,595,000
Clean Water Revenue Bond 4130-14 2014 5/1/15 - 34 5/1/ & 11/1 2.625%5,706,185 4,160,771
Revenue Bond 2014D 2014 5/1/15 - 34 5/1/ & 11/1 2.00 - 4.00% 5,980,000 3,945,000
Revenue Bond 2015D 2015 5/1/16 - 35 5/1/ & 11/1 2.00 - 4.00% 6,695,000 4,950,000
Revenue Bond 2016D 2016 5/1/17 - 36 5/1/ & 11/1 2.00 - 3.00% 10,045,000 7,655,000
Revenue Bond 2017D 2017 5/1/18 - 37 5/1/ & 11/1 3.00 - 5.00% 15,075,000 12,950,000
Revenue Bond 2019E 2019 5/1/20 - 39 5/1/ & 11/1 2.00 - 4.00% 13,990,000 11,830,000
Revenue Bond 2020E 2020 5/1/21 - 40 5/1/ & 11/1 2.00 - 4.00% 13,930,000 13,515,000
Revenue Bond 2021E 2021 5/1/22 - 41 5/1/ & 11/1 2.00 - 4.00% 13,940,000 13,940,000
Stormwater Utility
Revenue Bond 2012D 2012 5/1/13 - 32 5/1/ & 11/1 3.00 - 3.12% 6,810,000 4,220,000
Revenue Bond 2013A 2013 1/1/14 - 33 5/1/ & 11/1 3.00 - 4.125% 15,220,000 10,420,000
Revenue Bond 2014A 2014 5/1/15 - 34 5/1/ & 11/1 2.00 - 4.00% 8,300,000 6,055,000
Revenue Bond 2015C 2015 5/1/16 - 35 5/1/ & 11/1 3.00 - 4.00% 13,115,000 9,390,000
Revenue Bond 2016E 2016 5/1/17 - 36 5/1/ & 11/1 3.00 - 4.00% 5,175,000 4,135,000
Refunding Revenue Bond 2016E 2016 5/1/17 - 30 5/1/ & 11/1 2.00 - 4.00% 15,295,000 10,950,000
Revenue Bond 2017E 2017 5/1/18 - 37 5/1/ & 11/1 3.00 - 5.00% 9,720,000 8,450,000
Revenue Bond 2018C 2018 5/1/19 - 38 5/1/ & 11/1 4.00 - 5.00% 10,060,000 9,185,000
Revenue Bond 2019C 2019 5/1/20 - 39 5/1/ & 11/1 3.00 - 5.00% 8,060,000 7,625,000
Revenue Bond 2020C 2020 5/1/21 - 40 5/1/ & 11/1 2.00 - 4.00% 4,770,000 4,645,000
Revenue Bond 2021C 2021 5/1/22 - 41 5/1/ & 11/1 2.00 - 4.00% 7,160,000 7,160,000
Total Outstanding Revenue Bonds $ 214,436,769
Issue Year of Principal Interest Interest Original Balance
12/31/2021Number Issue Payable Payable Rates Indebtedness
The annual principal and interest maturities are as follows:
2022 $ 12,490,000 $ 6,547,827 $ 883,731 $ 185,997 $ 13,373,731 $ 6,733,824
2023 13,020,000 5,923,584 905,403 164,059 13,925,403 6,087,643
2024 13,270,000 5,469,699 927,608 141,582 14,197,608 5,611,281
2025 13,465,000 5,007,700 733,713 121,147 14,198,713 5,128,847
2026 13,600,000 4,557,504 751,832 102,804 14,351,832 4,660,308
2027 - 2031 68,028,591 15,763,800 2,248,070 274,550 70,276,661 16,038,350
2032 - 2036 51,526,006 5,993,661 1,406,815 43,342 52,932,821 6,037,003
2037 - 2041 21,180,000 919,006 - - 21,180,000 919,006
Business Type Activities
Bonded Debt Notes From Direct Borrowing Totals
Principal Interest Principal Interest Principal Interest
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
60
Note 7 - Long-Term Obligations (Continued)
Interest paid on long-term debt during 2021 was $11,366,731.
The City’s outstanding notes from direct borrowings and direct placements of $11,040,378 contain a provision that in
an event of default, outstanding amounts become immediately due if the City is unable to make a payment.
Legal Margin For Debt
The 2021 equalized valuation of the City as certified by the Wisconsin Department of Revenue is $4,821,112,500. The
legal debt limit and margin of indebtedness as of December 31, 2021, in accordance with Section 67.03 of the Wisconsin
Statutes follows:
Legal Margin For Debt
Equalized Valuation of the City $ 4,821,112,500
Statutory Limitation Percentage 5%
General Obligation Debt Limitation, per Section 67.03 of the Wisconsin Statues 241,055,625
Net Outstanding General Obligation Debt Applicable to Debt Service Fund 121,979,315
Legal Margin for New Debt $ 119,076,310
Utility Revenues Pledged
The Utility has pledged future revenue derived from the Water, Sewer and Storm Utilities, net of specified operating
expenses, to repay the Clean Water Fund Loan, Safe Drinking Water Loans, and Revenue Bonds. Proceeds from the
debt provided financing for the construction or acquisition of capital assets used within the utilities.
The Safe Drinking Water Loans and Revenues Bonds are payable from Water System net revenues and are payable
through 2041. The total principal remaining to be paid on the loans is $52,580,605. Principal and interest paid for the
current year and total water system net revenues were $5,880,968 and $8,379,110, respectively. The Water System
did meet the Safe Drinking Water Loans and Revenue Bonds revenue requirements in 2021.
The Clean Water Fund Loan is payable from Sewerage System net revenues and payable through 2041. The total
principal remaining to be paid on the loans is $79,621,164. Principal and interest paid for the current year and total
Sewerage System net revenues were $6,502,255 and $9,461,304, respectively. The Sewerage System did meet the
Clean Water Fund Loan revenue requirements in 2021.
The Clean Water Fund Loan is payable from Stormwater System net revenues and payable through 2041. The total
principal remaining to be paid on the loans is $82,235,000. Principal and interest paid for the current year and total
Stormwater System net revenues were $7,007,882 and $10,115,297, respectively. The Stormwater System did meet
the Clean Water Fund Loan revenue requirements in 2021.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
61
Note 8 - Fund Equity
Fund Financial Statements
At December 31, 2021 the assigned and restricted fund balances are as follows:
Nonspendable
General Fund
Inventory and Prepaid Items 235,147$
Restricted
Special Revenues
Aging Programs 99,450$
Business Improvements 86,782
Community Development 4,559,083
Revolving Loans 2,239,614
Police Activities 307,124
EMS/Fire Grant Activities 237,878
Healthy Neighborhoods 212,933
Tax Incremental District Development 10,363,853
18,106,717
Permanent Funds 12,200,095
Total Restricted Fund Balance 30,306,812$
Committed
Special Revenue and Capital Projects Funds:
Recycling Program 2,050,680$
Street Lighting 244,347
Library 374,273
Museum 1,172,909
Cemetery 116,330
Senior Center Revolving Loans 133,301
Park Activities 281,801
Leach Amphitheater 62,701
Garbage Disposal 165,188
Pollock Water Park 123,090
Healthy Neighborhoods 3,561,015
Rental Inspections 31,778
Total Committed Fund Balance 8,317,413$
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
62
Note 8 - Fund Equity (Continued)
Assigned
General Fund:
Community Development 712,583$
Special Revenue and Capital Projects Funds:
Special Events 127
General Capital Projects 12,812,882
Street Improvements 10,536,464
Street Trees 16,839
Equipment 11,178,015
Park Improvement and Acquisition 3,056,402
Park Subdivision Improvement 406,439
Mct Rochlin Park Smokestack 2,000
Senior Center 127,776
Parking Ramp Improvements 398,981
Subtotal 38,535,925
Government-Wide Financial Statements
At December 31, 2021 net position was as follows:
Net Investment in Capital Assets
Net Capital Assets $ 172,879,151 $ 376,631,162 $ 549,510,313
Less: Related Long-Term Debt (110,372,030) (225,749,054) (336,121,084)
Premium on Capital Debt (4,812,929) (9,337,097) (14,150,026)
Add: Deferred Charge on Refunding 173,236 147,783 321,019
Total Net Investment in Capital Assets 57,867,428 141,692,794 199,560,222
Restricted
Community Development Loans 2,239,614 - 2,239,614
Community Development 14,922,936 - 14,922,936
Business Improvements 86,782 - 86,782
Permanent Fund Programs 12,200,095 - 12,200,095
Police Tactical Activities 307,124 - 307,124
EMS/Fire Grant 237,878 - 237,878
Healthy Neighborhoods 212,933 - 212,933
Aging Programs 99,450 - 99,450
Debt Service - 18,341,787 18,341,787
Plant Replacement - 3,406,089 3,406,089
Pension Benefits 8,738,902 1,376,729 10,115,631
Total Restricted 39,045,714 23,124,605 62,170,319
Unrestricted 52,633,003 81,677,837 134,310,840
Total Government-Wide Activities Net Position $ 149,546,145 $ 246,495,236 $ 396,041,381
Governmental Business-Type
Activities Activities Total
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
63
Note 9 - Individual Fund Balance Disclosures
The following governmental funds have a deficit fund balance as of December 31, 2021:
Debt Service 877,277$
Public Works Special 142,242$
Sidewalk Construction 657,961$
Grand Opera House 2,492$
TIF No. 13 Marion Road/Pearl Avenue 582,395$
TIF No. 18 SW Industrial No. 3 1,115,240$
TIF No. 21 Fox River Corridor 150,942$
TIF No. 23 SW Industrial Park 1,611,233$
TIF No. 25 City Center Hotel 1,751,619$
TIF No. 26 Aviation Business Park 2,777,587$
TIF No. 27 North Main Street 1,542,441$
TIF No. 31 Buckstaff Redevelopment 29,841$
TIF No. 34 Oshkosh Corp Headquarters 52,691$
TIF No. 36 Merge Redevelopment 16,417$
TIF NO. 37 Aviation Plaza 15,463$
TIF No. 38 Pioneer Redevelopment 13,214$
TIF No. 40 Miles Kimball Redevelopment 8,824$
TIF No. 41 Smith School Redevelopment 8,582$
These deficit fund balances will be corrected with subsequent years’ revenues.
Note 10 - Defined Benefit Pension Plan
General Information about the Pension Plan
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.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
64
Note 10 - Defined Benefit Pension Plan (Continued)
All employees, initially employed by a participating WRS employer on or after July 1, 2011, expected to work at
least 1,200 hours a year (880 hours for teachers and school City 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 Annual Comprehensive Financial Report (ACFR), which can be found at
http://etf.wi.gov/publications/cafr.htm.
Vesting. 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.
Benefits Provided. Employees who retire at or after age 65 (54 for protective occupations 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 annual 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.
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:
Year Core Fund Adjustment Variable Fund Adjustment
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)
2020 1.7 (21
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
65
Note 10 - Defined Benefit Pension Plan (Continued)
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 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 reporting period, the WRS recognized $4,083,340 in contributions from the employer.
Contribution rates as of December 31, 2021 are:
Employee Category Employee Employer
General (including teachers,
executives, and elected officials) 6.75% 6.75%
Protective with Social Security 6.75% 11.65%
Protective without Social Security 6.75% 16.25%
Pension Liabilities (Assets), Pension Expense, and Deferred Outflows of Resources and Deferred Inflows
of Resources Related to Pensions
At December 31, 2021, the City reported an asset of $21,429,686 for its proportionate share of the net pension
asset. The net pension asset was measured as of December 31, 2020, and the total pension liability used to
calculate the net pension asset was determined by an actuarial valuation as of December 31, 2019 rolled forward
to December 31, 2020.
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, 2020, the City’s
proportion was .34325180%, which was an increase of 0.00281060% from its proportion measured as of December
31, 2019.
For the year ended December 31, 2021, the City recognized a reduction of pension expense of $2,341,290.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
66
Note 10 - Defined Benefit Pension Plan (Continued)
At December 31, 2021, the City reported deferred outflows of resources and deferred inflows of resources related
to pension from the following sources:
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Differences between projected and
actual experiences 31,015,335$ 6,680,647$
Changes in assumptions 486,067 -
Net differences between projected
and actual earnings on pension plan
investments - 40,232,489
Changes in proportion and
differences between employer
of contributions 50,477 36,138
Employer contributions subsequent
to the measurement date 4,083,340 -
Total 35,635,219$ 46,949,274$
The $4,083,340 reported as deferred outflows related to pension resulting from the WRS Employer’s contributions
subsequent to the measurement date will be recognized as an adjustment of the net pension liability (asset) in the
year ending December 31, 2022. Other amounts reported as deferred outflows of resources and deferred inflows
of resources related to pension will be recognized in pension expense as follows:
Years Ending
December 31,
Net Deferred
Outflows
(Inflows) of
Resources
2022 (3,961,111)$
2023 (1,080,912)
2024 (7,277,580)
2025 (3,077,792)
(15,397,395)$
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
67
Note 10 - Defined Benefit Pension Plan (Continued)
Actuarial Assumptions. The total pension liability in the December 31, 2020 actuarial valuation was determined
using the following actuarial assumptions, applied to all periods included in the measurement:
Actuarial Valuation Date: December 31, 2019
Measurement Date of Net Pension Liability (Asset): December 31, 2020
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
Seniority/Merit
3.0%
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.
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, 2020 is based upon a roll-
forward of the liability calculated from the December 31, 2019 actuarial valuation.
Long-term Expected Return on Plan Assets. The long-term expected rate of return on pension plan investments
was determined using a building-block method in which best-estimate ranges of expected future real rates of return
(expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.
These ranges are combined to produce the long-term expected rate of return by weighting the expected future real
rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and
best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:
Asset Allocation Targets and Expected Returns as of December 31, 2020
Core Fund Asset Class
Asset
Allocation %
Long-Term
Expected
Nominal Rate
of Return %
Long-Term
Expected
Real Rate of
Return %
Global Equities 51.0% 7.2% 4.7%
Fixed Income 25.0 3.2 0.8
Inflation Sensitive Assets 16.0 2.0 (0.4)
Real Estate 8.0 5.6 3.1
Private Equity/Debt 11.0 10.2 7.6
Multi-Asset 4.0 5.8 3.3
Total Core Fund 115.0% * 6.6% 4.1%
Variable Fund Asset Class
U.S. Equities 70.0% 6.6% 4.1%
International Equities 30.0 7.4 4.9
Total Variable Fund 100.0% 7.1% 4.6%
New England Pension Consultants Long Term US CPI (Inflation) Forecast: 2.4%
* Asset Allocations are managed within established ranges; target percentages may differ from actual monthly allocations.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
68
Note 10 - Defined Benefit Pension Plan (Continued)
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 municipal bond rate of 2.00% (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, 2020. 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 member contributions will be
made at the current contribution rate and that employer contributions will be made at rates equal to the difference
between actuarially determined contribution rates and the member rate. Based on these assumptions, the pension
plan’s fiduciary net position was projected to be available to make all projected future benefit payments (including
expected dividends) of current plan members. Therefore, the municipal bond rate of return on pension plan
investments was applied to all periods of projected benefit payments to determine the total pension liability.
Sensitivity of the City’s Proportionate Share of the Net Pension 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 Discount
Rate (6.00%)
Discount Rate
(7.00%)
Discount Rate
(8.00%)
City's proportionate share of the net
pension liability (asset)20,398,091$ (21,429,686)$ (52,151,876)$
Pension Plan Fiduciary Net Position. Detailed information about the pension plan’s fiduciary net position is
available in separately issued financial statements available at https://etf.wi.gov/about-etf/reports-and-
studies/financial-reports-and-statements.
Payables to the Pension Plan. The City is required to remit the monthly required contribution for both the
employee and City portions by the last day of the following month. The amount due to WRS as of December 31,
2021 is $563,054 for December payroll.
Note 11 - Post-Employment Benefits Other Than Pension Benefits
The City reports OPEB related balances at December 31, 2021 as summarized below:
Local Retiree Life Insurance Fund (LRIF) $ 4,060,633 $ 1,782,545 $ 502,957
Single-Employer Defined OPEB Plan 5,942,226 1,386,244 1,367,260
OPEB Deferred Outflows Deferred Inflows
Liability of Resources of Resources
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
69
Note 11 - Post-Employment Benefits Other Than Pension Benefits (Continued)
1. Local Retiree Life Insurance Fund Defined Postemployment Benefit Plan
General Information About the OPEB Plan
Plan Description. The LRLIF is a 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 post-employment life insurance benefits for all eligible members.
OPEB Plan Fiduciary Net Position. ETF issues a standalone Annual Comprehensive Financial Report (ACFR),
which can be found at http://etf.wi.gov/publications/cafr.htm.
Benefits Provided. The LRLIF plan provides fully paid up life insurance benefits for post-age 64 retired members
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 member premiums until age
65 in order to be eligible for the benefit after age 65.
Contribution rates as of December 31, 2021 are:
50% Post Retirement Coverage 40% of Member Contribution
25% Post Retirement Coverage 20% of Member Contribution
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, 2020 are as listed
below:
Life Insurance Member
Under 30 $ 0.05
30-34 0.06
35-39 0.07
40-44 0.08
45-49 0.12
50-54 0.22
55-59 0.39
60-64 0.49
65-69 0.57
* Disabled members under age 70 receive a waiver-of-premium benefit.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
70
Note 11 - Post-Employment Benefits Other Than Pension Benefits (Continued)
During the reporting period, the Plan recognized $13,746 in contributions from the employer.
OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources
Related to OPEBs
At December 31, 2021, the City reported a liability of $4,060,633 for its proportionate share of the net OPEB liability.
The net OPEB liability was measured as of December 31, 2020, and the total OPEB liability used to calculate the
net OPEB liability was determined by an actuarial valuation as of December 31, 2019 rolled forward to December
31, 2020. 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 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, 2020, the City’s proportion was 0.73820000%, which was an increase of 0.03998900% from its
proportion measured as of December 31, 2019.
For the year ended December 31, 2021, the City recognized OPEB expense of $515,444.
At December 31, 2021, the City reported deferred outflows of resources and deferred inflows of resources related
to OPEB from the following sources:
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Differences between projected and
actual experiences -$ 193,759$
Changes in assumptions 1,579,643 278,614
and actual earnings on plan
investments 59,120 -
Changes in proportion and
differences between employer
contributions and proportionate
share of contributions 130,036 30,584
Employer contributions subsequent
to the measurement date 13,746 -
Total 1,782,545$ 502,957$
The $13,746 reported as deferred outflows related to OPEB resulting from the WRS Employer’s contributions
subsequent to the measurement date will be recognized as an adjustment of the net OPEB liability in the year
ending December 31, 2022.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
71
Note 11 - Post-Employment Benefits Other Than Pension Benefits (Continued)
Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will
be recognized in OPEB expense as follows:
Years Ending
December 31,
Net Deferred
Outflows
(Inflows) of
Resources
2022 236,890$
2023 230,497
2024 223,912
2025 201,830
2026 246,065
Thereafter 126,648
1,265,842$
Actuarial Assumptions. The total OPEB liability in the January 1, 2020, actuarial valuation was determined using
the following actuarial assumptions, applied to all periods included in the measurement:
Actuarial Valuation Date: January 1, 2020
Measurement Date of Net OPEB Liability: December 31, 2020
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
Seniority/Merit
3.0%
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, 2020 is based upon a roll-
forward of the liability calculated from the January 1, 2020 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 Financial Statements
December 31, 2021
72
Note 11 - Post-Employment Benefits Other Than Pension Benefits (Continued)
Local OPEB Life Insurance
Asset Allocation Targets and Expected Returns
Asset Class Index
Target
Allocation
Long-Term
Expected
Geometric
Real Rate of
Return %
U.S. Credit Bonds Barclays Credit 50% 1.47%
U.S. Mortgages Barclays MBS 50 0.82
Inflation 2.20
Long-Term Expected Rate of Return 4.25
The long-term expected rate of return and expected inflation rate remained unchanged from the prior year at 4.25%
and 2.20% respectively. 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 2.25% was used to measure the total OPEB liability for the current
year, as opposed to a discount rate of 2.87% for the prior year. The significant change in the discount rate was
primarily caused by the decrease in the municipal bond rate from 2.74% as of December 31, 2019 to 2.12% as of
December 31, 2020. The Plan’s fiduciary net position was projected to be insufficient to make all projected future
benefit payments of current active and inactive members. 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 the 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 2.25
percent, 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 (1.25 percent) or 1-percentage-point higher (3.25 percent) than the
current rate:
1% Decrease to
Discount Rate
(1.25%)
Current Discount
Rate (2.25%)
1% Increase to
Discount Rate
(3.25%)
City's proportionate share of the
net OPEB liability 5,523,622$ 4,060,633$ 2,954,217$
Payables to the OPEB Plan. The City is required to remit the monthly required contribution for both the employee
and City portions by the last day of the following month. There was no amount due for the life insurance plan at
December 31, 2021.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
73
Note 11 - Post-Employment Benefits Other Than Pension Benefits (Continued)
2. Single-Employer Defined Postemployment Benefit Plan
Plan Description. The Plan is a single-employer defined benefit postemployment health plan. City provides medical
coverage (including prescription drugs) and dental coverage for retired employees through the City’s self-insure
plans. Retirees may continue in the plan by paying 100% of the premium until the retiree is eligible for Medicare.
Employees Covered by Benefit Terms. As of the December 31, 2020 actuarial valuation, the following employees
were covered by the benefit terms:
Inactive employees or beneficiaries currently receiving benefit payments 43
Active employees 581
Contributions. Retired plan members and beneficiaries currently receiving benefits are required to contribute
towards the cost of insurance premiums based on the employee group and their retirement date.
Total OPEB Liability. City’s total OPEB liability was measured as of December 31, 2020 and 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:
Inflation 3.00%
Salary Increases:
Inflation 3.00%
Seniority/Merit .4 to 4.8%
Discount Rate:2.12%
Healthcare Trend Rates: 6.0% for 2021 Decreasing to an Ultimate
Rate of 3.70% After 53 Years
Mortality rates are based on the Wisconsin 2018 Mortality table.
The actuarial assumptions used in the January 1, 2020 valuation were based on the “Wisconsin Retirement System
2015 – 2017 Experience Study.”
Discount Rate. The discount rate used to measure the total OPEB liability was 2.12%, which is based on the Bond
Buyer GO 20-year Municipal Bond Index as of the week of the measurement date. The discount rate used in the January
1, 2018 actuarial valuation was 4.10%. No assets have been accumulated in an irrevocable trust, so the Bond buyer
GO 20-year Municipal; Bond Index has been applied to all periods.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
74
Note 11 - Post-Employment Benefits Other Than Pension Benefits (Continued)
Changes in the Total OPEB Liability:
Total OPEB
Liability
$ 5,316,615
Changes for the Year:
Service Cost 363,894
Interest 153,353
Changes of Assumptions or Other Input 276,841
Benefit Payments (168,477)
Net Changes 625,611
Balance at 12/31/2020
Sensitivity of the Total OPEB Liability to Changes in the Discount Rate. The following presents the total OPEB
liability of City, as well as what City’s total OPEB liability would be if it were calculated using a discount rate that is 1-
percentage-point lower (1.12%) or 1-percentage-point higher (3.12%) than the current rate:
1% Decrease
(1.12%)Rate (2.12%)(3.12%)
$$$Total OPEB Liability 6,410,120 5,942,226 5,500,984
Sensitivity of the Total OPEB Liability to Changes in the Healthcare Cost Trend Rates. The following presents
the total OPEB liability of City, as well as what City’s total OPEB liability would be if it were calculated using healthcare
cost trend rates that are 1-percentage-point lower or 1-percentage-point higher than the current healthcare cost trend
rates:
1% Decrease to
(5.0% Decreasing
to 2.7%)
Healthcare Cost
Trend Rates
(6.0% Decreasing
to 3.7%)
Decreasing to
4.7%)
$$$Total OPEB Liability 5,273,501 5,942,226 6,732,929
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
75
Note 11 - Post-Employment Benefits Other Than Pension Benefits (Continued)
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB
For the year ended December 31, 2020, City recognized OPEB expense of $515,565. At December 31, 2021, City
reported deferred outflows and inflows of resources related to OPEB from the following sources:
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Differences between projected and
actual experiences 1,058,538$ -$
Changes in assumptions 327,706 1,367,260
Total 1,386,244$ 1,367,260$
Amounts reported as deferred outflows or resources and deferred inflows of resources related to OPEB will be
recognized in OPEB expense as follows:
Years Ending
December 31,
Net Deferred
Outflows
(Inflows) of
Resources
2022 (1,682)$
2023 (1,682)
2024 (1,682)
2025 (1,682)
2026 (1,682)
Thereafter 27,394
18,984$
Payable to the OPEB Plan. At December 31, 2021, City did not report a payable for the outstanding amount of
contribution to the OPEB Plan required.
Note 12 - Tax Incremental Financing Districts
The City has established separate capital projects funds for the Tax Incremental Financing Districts (TID) created by
the City in accordance with Section 66.1105 of the Wisconsin Statutes. At the time the TID’s were created, the property
tax base within each TID was “frozen” and increment taxes resulting from increases to the property tax base are used
to finance TID improvements, including principal and interest on long-term debt issued by the City to finance such
improvements. State Statutes allow a tax incremental district to incur eligible project costs up to five years from the
maximum termination date.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
76
Note 12 - Tax Incremental Financing Districts (Continued)
The intent of the City is to recover the above amounts from future TID surplus funds, if any, prior to termination of the
respective TID’s. Unless terminated by the City prior thereto, each TID has a statutory termination year as follows:
Termination
Date
TID No.12 04/24/24
TID No.13 09/22/25
TID No.15 01/09/28
TID No.16 05/22/28
TID No.17 09/25/28
TID No.18 07/09/29
TID No.19 05/13/26
TID No.20 07/12/32
TID No.21 02/14/33
TID No.23 06/09/29
TID No.24 02/23/37
TID No.25 05/22/39
TID No.26 02/26/33
TID No.27 07/08/34
TID No.28 06/14/43
TID No.29 07/12/43
TID No.30 08/23/43
TID No.31 02/28/45
TID No.32 05/23/44
TID No.33 07/11/44
TID No.34 01/23/39
TID No.35 01/23/46
TID No.36 06/11/46
TID No.37 07/23/46
TID No.38 09/24/46
TID No.39 01/14/48
TID No.40 03/09/49
TID No.41 09/21/49
Tax Abatements
The City has entered into agreements within some of the Districts that 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, 2021, the City abated property taxes of $1,961,249 under this program which
include the following tax abatement agreements:
A property tax abatement of $284,849 to a developer within Tax Incremental District No. 14.
A property tax abatement of $60,819 to a developer within Tax Incremental District No. 21.
A property tax abatement of $284,280 to a developer within Tax Incremental District No. 24.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
77
Note 12 - Tax Incremental Financing Districts (Continued)
A property tax abatement of $272,456 to a developer within Tax Incremental District No. 27.
A property tax abatement of $37,887 to a developer within Tax Incremental District No. 28.
A property tax abatement of $30,833 to a developer within Tax Incremental District No. 30.
A property tax abatement of $12,215 to a developer within Tax Incremental District No. 32.
A property tax abatement of $205,454 to a developer within Tax Incremental District No. 33.
A property tax abatement of $500,000 to a developer within Tax Incremental District No. 34.
A property tax abatement of $272,456 to a developer within Tax Incremental District No. 27.
Note 13 - Risk Management
The City is exposed to various risks of loss related to torts; theft of, damage to, or destruction of assets; errors and
omissions; injuries to employees; employee health claims; unemployment compensation claims; and environmental
damage for which the City purchases commercial insurance. There has been no reduction in insurance coverage from
the prior year. Insurance settlements for claims resulting from the risks covered by commercial insurance have not
exceeded the insurance coverage in past year.
Health and Dental Self-Insurance Fund
The City maintained a self-insured medical care coverage plan for its employees through December 31, 2015. It has
also maintained a self-insured dental plan for 2020 and 2021. In 2016, the City began purchasing health coverage
from an outside carrier. The City has established the Employee Benefits Fund (an internal service fund) to account for
the financing of its uninsured risk of loss. On January 1, 2022 the City went back to a self-insurance plan and claims
will be accumulated during 2022 in the Employee Benefits Fund.
The Employee Benefits Fund has an established reserve of $1,989,719 at December 31, 2021 and is reported as the
net position of the Internal Service Fund. This reserve will be used to finance claims in 2022 and the future self-
insurance plan. The claims liability of $0, reported in the fund at December 31, 2021, is based on the requirements of
the Governmental Accounting Standards 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 no change from
2020 to the fund’s claims liability in 2020, with an ending balance of $0.
Note 14 - Commitments and Contingencies
The City received federal and state grants for specific purposes that are subject to review and audit by the grantor
agencies. Such audits could lead to requests for reimbursements to the grantor for expenditures disallowed under
terms of the grants. The City believes such disallowances, if any, would be immaterial.
From time to time the City is involved in legal actions and claims, most of which normally occur in governmental
operations. In the opinion of District management, these issues, and any other proceedings known to exist at
December 31, 2021, are not likely to have a material adverse impact on the District’s financial position.
CITY OF OSHKOSH, WISCONSIN
Notes to Financial Statements
December 31, 2021
78
Note 15 - Basis For Utility Existing Rates
Water
Current water rates were approved by the PSCW effective date of May 1, 2019.
Sewer
Current sewer rates were approved by the Utility commission with an effective date of February 1, 2021.
Note 16 - Subsequent Events
The City issued the following debt subsequent to December 31, 2021:
General obligation bonds, series 2022A, par amount of $21,360,000 on July 7, 2022 with interest rates of
4.25 – 5.00% and a maturity date of June 1, 2033.
General obligation promissory notes, series 2022B, par amount of $9,050,000 on July 7, 2022 with interest
rate of 5.00% and a maturity date of June 1, 2023.
Note 17 - Restatements
The City restated nonmajor governmental fund balances for loans receivable per Governmental Accounting Standards
Board Statement No. 65, which indicates unavailable loans should be a component of fund balance. The City also
determined a special assessment receivable was incorrectly recorded in a prior year. The effect of this restatement is
shown below:
Beginning Fund Balance - December 31, 2020 $ 130,906,519 $ 17,195,689 $ 48,028,044
Restatement of Special Assessment Receivable (452,810) (452,810) -
Restatement of Deferred Loans - - 5,028,738
Nonmajor
Governmental
FundsGeneral Fund
Governmental
Activities Net
Position
The Redevelopment Authority (RDA) component unit also restated its beginning net position from $6,171,872 to
$8,160,645 due to reassessing records on land owned by the RDA.
REQUIRED SUPPLEMENTARY INFORMATION
City's Proportionate
City's City's Share of the Plan Fiduciary
WRS Fiscal Proportion Proportionate Net Pension Net Position
Year End Date of the Net Share of the City's Asset/Liability as a Percentage
(Measurement Pension Net Pension Covered as a Percentage of of the Total Pension
Date)Asset/Liability (Asset)/Liability Payroll Covered Payroll Asset/Liability
12/31/2020 0.34325180%(21,429,686)$ 39,367,936$ 54.43%105.26%
12/31/2019 0.34044120%(10,977,387) 37,849,360 29.00%102.96%
12/31/2018 0.33514980%11,923,578 37,018,001 32.21%96.45%
12/31/2017 0.32543566%(9,662,570) 36,243,909 26.66%102.93%
12/31/2016 0.31987366%2,636,523 35,129,816 7.51%99.12%
12/31/2015 0.31657015%5,144,203 34,050,370 15.11%98.20%
12/31/2014 0.31842486%(7,821,386) 34,551,515 22.64%102.74%
Contributions in
Relation to the Contributions
Contractually Contractually Contribution as a Percentage
City Required Required Deficiency Covered of Covered
Year End Date Contributions Contributions (Excess)Payroll Payroll
12/31/2021 4,083,340$ 4,083,340$ -$ 40,712,361$ 10.03%
12/31/2020 3,794,808 3,794,808 - 39,367,936 9.64%
12/31/2019 3,553,329 3,553,329 - 37,849,360 9.39%
12/31/2018 3,515,255 3,515,255 - 37,018,001 9.50%
12/31/2017 3,446,908 3,446,908 - 36,243,909 9.51%
12/31/2016 3,073,752 3,073,752 - 35,129,816 8.75%
12/31/2015 3,014,493 3,014,493 - 34,050,370 8.85%
CITY OF OSHKOSH, WISCONSIN
Schedule of Employer's Proportionate Share of the Net Pension Liability (Asset)
Wisconsin Retirement System (WRS)
Schedule of Employer Contributions
Wisconsin Retirement System (WRS)
See Accompanying Notes to Required Supplementary Information
79
City's Proportionate
City's City's Share of the Plan Fiduciary
WRS Fiscal Proportion Proportionate Net OPEB Net Position
Year End Date of the Net Share of the City's Liability as a Percentage
(Measurement OPEB Net OPEB Covered as a Percentage of of the Total
Date)Liability Liability Payroll Covered Payroll OPEB Liability
12/31/2019 0.69821100%2,973,118 36,228,000 8.21%37.58%
12/31/2018 0.71259100%1,838,727 37,018,001 4.97%48.69%
12/31/2017 0.71166700%2,141,107 36,243,909 5.91%44.81%
Contributions in
Relation to the Contributions
Contractually Contractually Contribution as a Percentage
Year End Date Contributions Contributions (Excess)Payroll Payroll
12/31/2021 13,746$ 13,746$ -$ 38,786,000$ 0.04%
12/31/2019 13,774 13,774 - 36,228,000 0.04%
CITY OF OSHKOSH, WISCONSIN
See Accompanying Notes to Required Supplementary Information
80
Total OPEB Liability
Service Cost $363,894 $306,053 $334,296 $301,541
Interest 153,353 217,806 180,345 179,462
Effect of economic/demographic gains or losses - 1,344,242 - -
Changes of Assumptions or Other Input 276,841 (1,487,994) (288,188) 140,539
Benefit Payments (168,477) (138,207) (119,000) (199,000)
Net Change in Total OPEB Liability 625,611 241,900 107,453 422,542
Total OPEB Liability - Beginning 5,316,615 5,074,715 4,967,262 4,544,720
Total OPEB Liability - Ending $5,942,226 $5,316,615 $5,074,715 $4,967,262
Covered-Employee Payroll 39,150,924 39,150,924$ 38,695,522$ 37,913,920$
City's Total OPEB Liability as a Percentage of
Covered-Employee Payroll 15.18%13.58%13.11%13.10%
*Ten years of data will be accumulated beginning with 2018.
CITY OF OSHKOSH, WISCONSIN
2021 2020 2019 2018
See Accompanying Notes to Required Supplementary Information
81
REVENUES
Taxes $ 22,233,500 $ 22,233,500 $ 22,254,467 $ 20,967
Intergovernmental 16,726,600 16,726,600 16,900,511 173,911
Licenses and Permits 947,000 947,000 846,865 (100,135)
Fines, Forfeitures and Penalties 901,900 901,900 604,003 (297,897)
Public Charges for Services 2,966,000 2,966,000 3,903,123 937,123
Intergovernmental Charges for Services 3,295,300 3,295,300 3,535,484 240,184
Investment Income 175,000 175,000 17,447 (157,553)
Miscellaneous 618,200 618,200 985,938 367,738
Total Revenues 47,863,500 47,863,500 49,047,838 1,184,338
EXPENDITURES
Current:
General Government 7,486,800 7,608,800 6,522,580 1,086,220
Public Safety 29,195,800 29,700,602 29,235,580 465,022
Public Works 6,194,900 6,286,900 5,742,445 544,455
Transportation 787,000 800,100 691,401 108,699
Culture and Recreation 2,303,900 2,340,900 2,245,535 95,365
Conservation and Development 1,949,600 1,986,400 1,957,748 28,652
Unclassified 618,800 619,607 819,412 (199,805)
Capital Outlay 24,000 20,600 2,745 17,855
Total Expenditures 48,560,800 49,363,909 47,217,446 2,146,463
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (697,300) (1,500,409) 1,830,392 3,330,801
OTHER FINANCING SOURCE (USE)
Transfers In 1,000,000 1,000,000 1,006,300 6,300
Transfers Out (150,000) (150,000) (350,000) (200,000)
Total Other Financing Sources (Uses)850,000 850,000 656,300 (193,700)
NET CHANGE IN FUND BALANCE 152,700 (650,409) 2,486,692 3,137,101
FUND BALANCE - BEGINNING, AS RESTATED 16,742,879 16,742,879 16,742,879 -
FUND BALANCE - ENDING $ 16,895,579 $ 16,092,470 $ 19,229,571 $ 3,137,101
Budget and Actual
Schedule of Budgetary Comparison
CITY OF OSHKOSH, WISCONSIN
(Negative)
Variance with
Positive
Final Budget
For the Year Ended December 31, 2021
General Fund
Amounts
Actual
Original Final
Budgeted Amounts
See Accompanying Notes to Required Supplementary Information
82
83
CITY OF OSHKOSH, WISCONSIN
Notes to Required Supplementary Information
For the Year Ended December 31, 2021
Defined Benefit Pension Plan
Changes of benefit terms. There were no changes of benefit terms for any participating employer in WRS.
Changes of assumptions. No significant changes in assumptions from the prior year were noted.
Post-Employment Benefits Other Than Pension Benefits
Changes of benefit terms. There were no changes of benefit terms for any participating employer in LRLIF or the single-
employer health insurance plan.
Changes of assumptions. The Single Discount Rate assumption use to develop the Total OPEB Liability for the single-
employer plan changed from the prior year. Please refer to the Actuarial Assumptions section above for additional detail.
Budgetary Process
The City follows these procedures in establishing the budgetary data reflected in the budgetary comparison schedule:
During November, City management submits to the Common Council a proposed operating budget for the calendar
year commencing the following January 1. The operating budget includes proposed expenditures and the means of
financing them. After submission to the governing body, public hearings are held to obtain taxpayer comments.
Following the public hearings, the proposed budget, including authorized additions and deletions, is legally enacted
by Common Council action.
Budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of
America for the general fund, certain special revenue funds, debt service funds, and certain capital projects funds.
Budget is defined as the originally approved budget plus or minus approved amendments. Budget appropriations not
expended during the year are closed to fund balance unless authorized by the governing body to be forwarded into
the succeeding year’s budget.
During the year, formal budgetary integration is employed as a management control device for the general fund,
certain special revenue funds, debt service funds, and certain capital projects funds.
Expenditures may not exceed appropriations provided in detailed budget accounts maintained for each department
of the City. Amendments to the budget during the year require initial approval by management and are subsequently
authorized by the Common Council.
Excess of Actual Expenditures Over Budget
The following fund had an excess of actual expenditures over budget for the year ended December 31, 2021:
Excess
General Fund Expenditures
Unclassified $ 199,805
SUPPLEMENTARY INFORMATION
2021
ASSETS
Cash and Investments $ 22,028,466 $ 34,408,358 $ 12,554,915 $ 68,991,739 $ 65,298,757
Receivables:
Accounts Receivable 378,708 - 163 378,871 446,208
Taxes 4,323,703 4,587,558 - 8,911,261 9,243,098
Interest 28,859 268 - 29,127 -
Loans 5,348,583 50,000 - 5,398,583 5,028,738
Deposits with GO HNI 212,933 - - 212,933 212,378
Due from Other Funds 354,983 10,361,798 - 10,716,781 1,351,127
Total Assets $ 32,676,235 $ 49,407,982 $ 12,555,078 $ 94,639,295 $ 81,580,306
LIABILITIES
Accounts Payable $ 289,342 $ 1,802,642 $- $ 2,091,984 $ 3,448,409
Due to Other Funds 142,242 10,219,556 354,983 10,716,781 11,074,463
Deposits from Others 50 319,280 - 319,330 322,780
Unearned Revenues
Grant - - - - 26,000
American Rescue Plan Act Funds - 2021 9,300,339 - - 9,300,339 -
Total Liabilities 9,731,973 12,341,478 354,983 22,428,434 14,871,652
DEFERRED INFLOWS OF RESOURCES
Taxes Levied for Subsequent Period 7,026,100 7,454,869 - 14,480,969 13,651,872
FUND BALANCES
Restricted 7,742,864 10,363,853 12,200,095 30,306,812 24,381,385
Committed 8,317,413 - - 8,317,413 8,068,583
Assigned 127 29,584,724 - 29,584,851 25,802,918
Unassigned (Deficits)(142,242) (10,336,942) - (10,479,184) (5,196,104)
Total Fund Balances 15,918,162 29,611,635 12,200,095 57,729,892 53,056,782
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND BALANCES $ 32,676,235 $ 49,407,982 $ 12,555,078 $ 94,639,295 $ 81,580,306
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2021
With Summarized Information From December 31, 2020
Special
Revenue
Capital
Projects
Totals
Permanent 2020
84
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Governmental Funds
As of December 31, 2021
With Summarized Information from December 31, 2020
ASSETS
Cash and Investments $ 239,094 95,552 2,057,058 715,454 1,269,222 $ 1,180,686 238,808 104,311 221,280 857,431
Receivables:
Accounts Receivable 59 - 635 - 214,620 16,923 986 114,427 - -
Taxes 217,536 - - 630,762 1,718,564 596,916 197,536 - - -
Interest Receivable - - - - - - - - - 28,859
Loans - - - - - - - 4,216,539 50,000 1,082,044
Deposits with GO HNI - - - - - - - - - -
Due from Other Funds - - - - 5,433 349,550 - - - -
Total Assets $ 456,689 $ 95,552 $ 2,057,693 $ 1,346,216 $ 3,207,839 $ 2,144,075 437,330 $ 4,435,277 271,280 1,968,334
LIABILITIES
Accounts Payable 3,739 8,770 6,963 76,869 40,866 1,166 - 24,571 - -
Due to Other Funds - - - - - - - - - -
Deposits from Others - - 50 - - - - - - -
Unearned Revenues
Grant - - - - - - - - - -
American Rescue Plan Act Funds - 2021 - - - - - - - - - -
Total Liabilities 3,739 8,770 7,013 76,869 40,866 1,166 - 24,571 - -
DEFERRED INFLOWS OF RESOURCES
Taxes Levied for Subsequent Period 353,500 - - 1,025,000 2,792,700 970,000 321,000 - - -
FUND BALANCES (DEFICITS)
Restricted 99,450 86,782 - - - - - 4,410,706 271,280 1,968,334
Committed - - 2,050,680 244,347 374,273 1,172,909 116,330 - - -
Assigned - - - - - - - - - -
Unassigned (Deficits)- - - - - - - - - -
Total Fund Balances (Deficits)99,450 86,782 2,050,680 244,347 374,273 1,172,909 116,330 4,410,706 271,280 1,968,334
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND
BALANCES (DEFICITS)$ 456,689 $ 95,552 $ 2,057,693 $ 1,346,216 $ 3,207,839 $ 2,144,075 437,330 $ 4,435,277 271,280 1,968,334
Local
Revolving
Loan Program
Special Revenue Funds
Committee on
Aging
Business
Improvement
District Recycling Street Lighting Library Museum Cemetery
Community
Development
Block Grant
Rental
Rehabilitation
Loan Program
85
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Governmental Funds
As of December 31, 2021
With Summarized Information from December 31, 2020
ASSETS
Cash and Investments
Receivables:
Accounts Receivable
Taxes
Interest Receivable
Loans
Deposits with GO HNI
Due from Other Funds
Total Assets
LIABILITIES
Accounts Payable
Due to Other Funds
Deposits from Others
Unearned Revenues
Grant
American Rescue Plan Act Funds - 2021
Total Liabilities
DEFERRED INFLOWS OF RESOURCES
Taxes Levied for Subsequent Period
FUND BALANCES (DEFICITS)
Restricted
Committed
Assigned
Unassigned (Deficits)
Total Fund Balances (Deficits)
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND
BALANCES (DEFICITS)
Leach Garbage Pollock
$133,779 314,774 272,668 148,377 278,536 75,404 - 777,747 149,022 3,545,235
82 - 3,035 - 3,955 499 - 7,617 - 15,870
- - - - - 14,154 - 898,697 39,384 -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - 212,933
- - - - - - - - - -
133,861 $ 314,774 $ 275,703 $ 148,377 $ 282,491 $ 90,057 $ - $ 1,684,061 $ 188,406 $ 3,774,038
560 7,650 37,825 - 690 4,356 - 58,473 1,316 90
- - - - - - 142,242 - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
560 7,650 37,825 - 690 4,356 142,242 58,473 1,316 90
- - - - - 23,000 - 1,460,400 64,000 -
- 307,124 237,878 148,377 - - - - - 212,933
133,301 - - - 281,801 62,701 - 165,188 123,090 3,561,015
- - - - - - - -- -
- - - - - - (142,242) - - -
133,301 307,124 237,878 148,377 281,801 62,701 (142,242) 165,188 123,090 3,773,948
133,861 $ 314,774 $ 275,703 $ 148,377 $ 282,491 $ 90,057 $ - $ 1,684,061 $ 188,406 $ 3,774,038
Special Revenue Funds
Parks
Revenue
Facilities Police Special
Healthy
Neighborhood
InitiativeSpecialFire Special
Senior
Center
Revolving
Loans
Community
Develop
Special
86
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Governmental Funds
As of December 31, 2021
With Summarized Information from December 31, 2020
ASSETS
Cash and Investments
Receivables:
Accounts Receivable
Taxes
Interest Receivable
Loans
Deposits with GO HNI
Due from Other Funds
Total Assets
LIABILITIES
Accounts Payable
Due to Other Funds
Deposits from Others
Unearned Revenues
Grant
American Rescue Plan Act Funds - 2021
Total Liabilities
DEFERRED INFLOWS OF RESOURCES
Taxes Levied for Subsequent Period
FUND BALANCES (DEFICITS)
Restricted
Committed
Assigned
Unassigned (Deficits)
Total Fund Balances (Deficits)
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND
BALANCES (DEFICITS)
$38,124 9,315,904 22,028,466 - 9,736,261 $ 16,839 137,144 $ 5,429,354 3,812,633
- - 378,708 - - - - - -
10,154 - 4,323,703 - - - - - 676,915
- - 28,859 - - - - - -
- - 5,348,583 - - - - - -
- - 212,933 - - - - - -
- - 354,983 - 800,203 - - - 8,189,559
$ 48,278 $ 9,315,904 $ 32,676,235 $ - 10,536,464 $ 16,839 $ 137,144 $ 5,429,354 $ 12,679,107
- 15,438 289,342 - - $ - - 1,386,410 401,092
- - 142,242 657,961 - - - --
- - 50 - - - 137,144 181,136 -
- - - - - - - - -
- 9,300,339 9,300,339 - - - - - -
- 9,315,777 9,731,973 657,961 - - 137,144 1,567,546 401,092
16,500 - 7,026,100 - - - - - 1,100,000
- - 7,742,864 - - - - - -
31,778 - 8,317,413 - - - - - -
- 127 127 - 10,536,464 16,839 - 3,861,808 11,178,015
- - (142,242) (657,961) - - - --
31,778 127 15,918,162 (657,961) 10,536,464 16,839 - 3,861,808 11,178,015
$ 48,278 $ 9,315,904 $ 32,676,235 $- 10,536,464 $ 16,839 $ 137,144 $ 5,429,354 $ 12,679,107
Special Revenue Funds
Equipment
Special
Events
Rental
Inspections
Total
Nonmajor
Special
Revenue
Funds
Advance
Payments
Special
Assessment
Contract
Control
Sidewalk
Construction
Street
Improvement Street Tree
Capital Projects Funds
87
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Governmental Funds
As of December 31, 2021
With Summarized Information from December 31, 2020
ASSETS
Cash and Investments
Receivables:
Accounts Receivable
Taxes
Interest Receivable
Loans
Deposits with GO HNI
Due from Other Funds
Total Assets
LIABILITIES
Accounts Payable
Due to Other Funds
Deposits from Others
Unearned Revenues
Grant
American Rescue Plan Act Funds - 2021
Total Liabilities
DEFERRED INFLOWS OF RESOURCES
Taxes Levied for Subsequent Period
FUND BALANCES (DEFICITS)
Restricted
Committed
Assigned
Unassigned (Deficits)
Total Fund Balances (Deficits)
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND
BALANCES (DEFICITS)
$3,066,463 406,439 2,000 127,776 - 398,981 40,209 $ 53,496 62,915 824,868
- - - - - - - - - -
- - - - - - - - - 82,510
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
3,066,463 $ 406,439 $ 2,000 $ 127,776 $ - $ 398,981 $ 40,209 $ 53,496 $ 62,915 907,378
10,061 - - - 831 - - - - -
- - - - 1,661 - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
10,061 - - - 2,492 - - - - -
- - - - - - - - - 134,080
- - - - - - 40,209 53,496 62,915 773,298
- - - - - - - - - -
3,056,402 406,439 2,000 127,776 - 398,981 - - - -
- - - - (2,492) - - - - -
3,056,402 406,439 2,000 127,776 (2,492) 398,981 40,209 53,496 62,915 773,298
3,066,463 $ 406,439 $ 2,000 $ 127,776 $- $ 398,981 $ 40,209 $ 53,496 $ 62,915 907,378
TIF No. 12
Division Street
Park
Improvement
and
Acquisition
Park
Subdivision
Improvement
Mct Rochlin
Park
Smokestack Senior Center
Capital Projects Funds
Parking Ramp
Improvements
TIF No. 8 S
Aviation
Industrial
TIF No. 10
Main and
Washington
TIF No. 11
Oshkosh
Office
Center
Grand Opera
House
88
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Governmental Funds
As of December 31, 2021
With Summarized Information from December 31, 2020
ASSETS
Cash and Investments
Receivables:
Accounts Receivable
Taxes
Interest Receivable
Loans
Deposits with GO HNI
Due from Other Funds
Total Assets
LIABILITIES
Accounts Payable
Due to Other Funds
Deposits from Others
Unearned Revenues
Grant
American Rescue Plan Act Funds - 2021
Total Liabilities
DEFERRED INFLOWS OF RESOURCES
Taxes Levied for Subsequent Period
FUND BALANCES (DEFICITS)
Restricted
Committed
Assigned
Unassigned (Deficits)
Total Fund Balances (Deficits)
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND
BALANCES (DEFICITS)
$- 1,172,960 2,895,765 391,889 - - 653,600 3,288,555 30,955 -
- - - - - - - - - -
178,529 336,722 129,104 85,499 179,638 322,202 158,065 - 291,026 12,588
- - - 268 - - - - - -
- - - 50,000 - - - - - -
- - - - - - - - - -
- - - - 1,343,000 - - - - -
$ 178,529 $ 1,509,682 $ 3,024,869 $ 527,656 $ 1,522,638 $ 322,202 $ 811,665 $ 3,288,555 $ 321,981 $ 12,588
- 23 - - - - - 4,225 - -
469,811 - - - 658,406 913,857 - - - 1,603,366
1,000 - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
470,811 23 - - 658,406 913,857 - 4,225 - 1,603,366
290,113 547,179 209,797 138,937 291,915 523,585 256,858 - 472,923 20,455
- 962,480 2,815,072 388,719 572,317 - 554,807 3,284,330 - -
- -- - - - - - - -
- -- - - - - - - -
(582,395) - - - - (1,115,240) - - (150,942) (1,611,233)
(582,395) 962,480 2,815,072 388,719 572,317 (1,115,240) 554,807 3,284,330 (150,942) (1,611,233)
$ 178,529 $ 1,509,682 $ 3,024,869 $ 527,656 $ 1,522,638 $ 322,202 $ 811,665 $ 3,288,555 $ 321,981 $ 12,588
TIF No. 13
Marion
Road/Pearl
Ave.
TIF No. 21
Fox River
Corridor Industrial Park
TIF No. 20
South Side
Fox River
Capital Projects Funds
TIF No. 15
Park Plaza
TIF No. 16 100
Block
Redevelopment
TIF No. 17
City Centre
TIF No. 18 SW
Industrial No.
3
TIF No. 19
Expansion
TIF No. 14
Mercy
Medical
89
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Governmental Funds
As of December 31, 2021
With Summarized Information from December 31, 2020
ASSETS
Cash and Investments
Receivables:
Accounts Receivable
Taxes
Interest Receivable
Loans
Deposits with GO HNI
Due from Other Funds
Total Assets
LIABILITIES
Accounts Payable
Due to Other Funds
Deposits from Others
Unearned Revenues
Grant
American Rescue Plan Act Funds - 2021
Total Liabilities
DEFERRED INFLOWS OF RESOURCES
Taxes Levied for Subsequent Period
FUND BALANCES (DEFICITS)
Restricted
Committed
Assigned
Unassigned (Deficits)
Total Fund Balances (Deficits)
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND
BALANCES (DEFICITS)
$169,080 - - - 31,460 10,281 40,757 171,389 8,113 243,884
- - - - - - - - - -
178,029 162,354 - 135,538 31,443 5,852 31,140 321,959 8,762 179,959
- - - -- - - - - -
- - - -- - - - - -
- - - -- - - - - -
- - - -- - - - - -
$ 347,109 $ 162,354 $ - $ 135,538 $ 62,903 $ 16,133 $ 71,897 $ 493,348 $ 16,875 $ 423,843
- - - - - - - - - -
- 1,650,144 2,777,587 1,457,727 - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- 1,650,144 2,777,587 1,457,727 - - - - - -
289,300 263,829 - 220,252 51,096 9,510 50,603 523,189 14,238 292,437
57,809 - - - 11,807 6,623 21,294 - 2,637 131,406
- - - - - - - - - -
- - - - - - - - - -
- (1,751,619) (2,777,587) (1,542,441) - - - (29,841) - -
57,809 (1,751,619) (2,777,587) (1,542,441) 11,807 6,623 21,294 (29,841) 2,637 131,406
$ 347,109 $ 162,354 $- $ 135,538 $ 62,903 $ 16,133 $ 71,897 $ 493,348 $ 16,875 $ 423,843
TIF No. 24
Oshkosh
Corp Center Hotel
TIF No. 26
Aviation
Business Park
TIF No. 27
North Main
Street
TIF No. 28 Beach
Building
Redevelopment
TIF No. 29
Morgan
District
TIF No. 30
Washington
Building
TIF No. 31
Buckstaff
Redevelopment
TIF No. 32
Granary
Redevelopment
TIF No. 33
Lamico
Redevelopment
Capital Projects Funds
90
CITY OF OSHKOSH, WISCONSIN
Combining Balance Sheet
Nonmajor Governmental Funds
As of December 31, 2021
With Summarized Information from December 31, 2020
ASSETS
Cash and Investments
Receivables:
Accounts Receivable
Taxes
Interest Receivable
Loans
Deposits with GO HNI
Due from Other Funds
Total Assets
LIABILITIES
Accounts Payable
Due to Other Funds
Deposits from Others
Unearned Revenues
Grant
American Rescue Plan Act Funds - 2021
Total Liabilities
DEFERRED INFLOWS OF RESOURCES
Taxes Levied for Subsequent Period
FUND BALANCES (DEFICITS)
Restricted
Committed
Assigned
Unassigned (Deficits)
Total Fund Balances (Deficits)
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES AND FUND
BALANCES (DEFICITS)
$369,390 709,726 30,597 66,020 - 8,559 - - 34,408,358 $ 56,436,824 $ 53,666,841
- - - - - - - - - 378,708 432,320
675,308 189,137 75,220 130,369 2,534 7,156 - - 4,587,558 8,911,261 9,243,098
- - - - - - - - 268 29,127 -
- - - - - - - - 50,000 5,398,583 5,028,738
- - - - - - - - - 212,933 212,378
- 29,036 - - - - - - 10,361,798 10,716,781 1,351,127
$ 1,044,698 $ 927,899 $ 105,817 $ 196,389 2,534 $ 15,715 $- $- $ 49,407,982 $ 82,084,217 $ 69,934,502
- - - - - - - - 1,802,642 $ 2,091,984 $ 3,447,092
- - - - 11,630 - 8,824 8,582 10,219,556 10,361,798 11,066,336
- - - - - - - - 319,280 319,330 322,780
- - - - - - - - - - 26,000
- - - - - - - - - 9,300,339 -
- - - - 11,630 - 8,824 8,582 12,341,478 22,073,451 14,862,208
1,097,389 307,351 122,234 211,852 4,118 11,629 - - 7,454,869 14,480,969 13,651,872
- 620,548 - - - 4,086 - - 10,363,853 18,106,717 12,745,025
- -- - - - - - - 8,317,413 8,068,583
- -- - - - - - 29,584,724 29,584,851 25,802,918
(52,691) - (16,417) (15,463) (13,214) - (8,824) (8,582) (10,336,942) (10,479,184) (5,196,104)
(52,691) 620,548 (16,417) (15,463) (13,214) 4,086 (8,824) (8,582) 29,611,635 45,529,797 41,420,422
$ 1,044,698 $ 927,899 $ 105,817 $ 196,389 2,534 $ 15,715 $- $- $ 49,407,982 $ 82,084,217 $ 69,934,502
Total Nomajor
Capital
Projects Funds
School
Redevelopment
TIF No. 35
Oshkosh Ave
Corridor
TIF No. 36 Merge
Redevelopment
Total Nonmajor Funds
TIF No. 37
Aviation
Plaza 2021
TIF No. 34
Oshkosh Corp
Headquarters
TIF No. 40 Miles
Kimball
Redevelopment
TIF No. 41 Smith
School
Redevelopment
TIF No. 38
Pioneer
Redevelopment
Capital Projects Funds
91
2021
REVENUES
Taxes $ 7,008,401 $ 6,668,977 $- 13,677,378 $ 10,759,633
Special Assessments 171,347 - - 171,347 140,610
Intergovernmental 3,519,822 2,269,295 - 5,789,117 3,133,226
Licenses and Permits - - - -27
Fines, Forfeitures and Penalties - - - -585
Public Charges for Services 2,027,071 10,080 - 2,037,151 463,897
Investment Income 104,535 - 1,017,081 1,121,616 617,226
Donations 508,831 60,988 160,871 730,690 547,652
Miscellaneous 1,052,215 121,416 20,458 1,194,089 1,362,986
Total Revenues 14,392,222 9,130,756 1,198,410 24,721,388 17,025,842
EXPENDITURES
Current:
General Government - 59,961 - 59,961 -
Public Safety 210,476 387,491 - 597,967 168,327
Public Works 4,396,580 454,586 - 4,851,166 3,574,821
Health and Human Services 975,653 - - 975,653 979,569
Culture and Recreation 6,204,044 533,509 123,707 6,861,260 5,454,476
Conservation and Development 2,560,364 3,681,590 - 6,241,954 2,569,544
Debt Service
Principal 70,000 6,309,842 - 6,379,842 6,701,269
Interest 9,669 413,465 - 423,134 551,980
Capital Outlay 73,761 10,594,853 - 10,668,614 15,698,151
Total Expenditures 14,500,547 22,435,297 123,707 37,059,551 35,698,137
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (108,325) (13,304,541) 1,074,703 (12,338,163) (18,672,295)
OTHER FINANCING SOURCE (USE)
Proceeds of Long-Term Debt - 16,966,844 - 16,966,844 17,615,000
Sale of Capital Assets 30,729 - - 30,729 22,750
Transfers In 510,968 1,731,150 1,000 2,243,118 3,217,000
Transfers Out - (1,717,450) (511,968) (2,229,418) (2,340,867)
Total Other Financing Sources (Uses)541,697 16,980,544 (510,968) 17,011,273 18,513,883
NET CHANGE IN FUND BALANCES 433,372 3,676,003 563,735 4,673,110 (158,412)
FUND BALANCES - BEGINNING, AS RESTATED 15,484,790 25,935,632 11,636,360 53,056,782 48,186,456
FUND BALANCES - ENDING $ 15,918,162 $ 29,611,635 $ 12,200,095 $ 57,729,892 $ 48,028,044
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended December 31, 2021
With Summarized Information From December 31, 2020
Special
Revenue
Capital
Projects
Totals
Permanent 2020
92
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Nonmajor Governmental Funds
For the Year Ended December 31, 2021
With Summarized Information From December 31, 2020
REVENUES
Taxes $ 327,400 $- - $ 1,075,000 $ 2,772,700 $ 970,000 $ 300,000 - $- $-
Special Assessments - 171,347 - - - - - - - -
Intergovernmental 120,232 - 238,003 - 683,668 - - 903,964 - -
Licenses and Permits - - - - - - - - - -
Fines, Forfeitures and Penalties - - - - - - - - - -
Charges for Services 19 - 853,003 - 233,217 336,382 82,097 450 - -
Interest on Investments - - - - - 5,328 - - - 91,725
Donations 78,303 - - - - 86,777 - - - -
Miscellaneous 39,834 39,098 - - 50 65,225 385 235,287 - 496,779
Total Revenues 565,788 210,445 1,091,006 1,075,000 3,689,635 1,463,712 382,482 1,139,701 - 588,504
EXPENDITURES
Current:
General Government - - - - - - - - - -
Public Safety - - - - - - - - - -
Public Works - - 808,073 1,016,863 - - - - - -
Health and Human Services 580,063 - - - - - 373,144 - - -
Culture, Recreation, and Education - - - - 3,768,395 1,523,733 - - - -
Conservation and Development - 201,157 - - - - - 1,012,942 - 593,221
Debt Service
Principal - - - - 70,000 - - - - -
Interest - - - - 9,669 - - - - -
Capital Outlay 557 - - - - 6,410 - - - -
Total Expenditures 580,620 201,157 808,073 1,016,863 3,848,064 1,530,143 373,144 1,012,942 - 593,221
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (14,832) 9,288 282,933 58,137 (158,429) (66,431) 9,338 126,759 - (4,717)
OTHER FINANCING SOURCES (USES)
Proceeds of Long-Term Debt - - - - - - - - - -
Sale of Capital Assets - - 30,729 - - - - - - -
Transfers In - - - - - 360,897 77,800 - - -
Transfers Out - - - - - -- - - -
Total Other Financing Sources (Uses)- - 30,729 - - 360,897 77,800 - - -
NET CHANGE IN FUND BALANCES (DEFICITS)(14,832) 9,288 313,662 58,137 (158,429) 294,466 87,138 126,759 - (4,717)
FUND BALANCES (DEFICITS) - BEGINNING
AS RESTATED
FUND BALANCES (DEFICITS) - ENDING $ 99,450 $ 86,782 $ 2,050,680 $ 244,347 $ 374,273 $ 1,172,909 $ 116,330 $ 4,410,706 $ 271,280 $ 1,968,334
Museum Cemetery
Community
Development
Rental
Rehabilitation Local Revolving Committee on
Business
Improvement
93
REVENUES
Taxes
Special Assessments
Intergovernmental
Licenses and Permits
Fines, Forfeitures and Penalties
Charges for Services
Interest on Investments
Donations
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Health and Human Services
Culture, Recreation, and Education
Conservation and Development
Debt Service
Principal
Interest
Capital Outlay
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Proceeds of Long-Term Debt
Sale of Capital Assets
Transfers In
Transfers Out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES (DEFICITS)
FUND BALANCES (DEFICITS) - ENDING
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Nonmajor Governmental Funds
For the Year Ended December 31, 2021
With Summarized Information From December 31, 2020
$- $- - $- $- $ 14,000 $- $ 1,460,301 $ 64,000 $-
- - - - - - - - - -
3,230 53,071 78,592 366,348 - - 115,811 - - -
- - - - - - - - - -
- - - - - - - - - -
- - 1,628 - 225,077 41,380 - 59,817 194,001 -
- - - - -- - - - 555
3,463 166,426 12,500 - 73,485 4,877 - - 83,000 -
25,592 - - - 20,170 17,093 - - 43,614 69,088
32,285 219,497 92,720 366,348 318,732 77,350 115,811 1,520,118 384,615 69,643
- - - - - - - - - -
- 84,620 125,856 - - - - - - -
- - - - - - 180,140 1,483,954 - -
22,245 - - - - - -- - 201
- - - - 427,669 74,856 - - 339,183 -
- - - 332,969 - - - - - 416,867
- - - - - - - - - -
- - - - - - - - - -
- 62,500 - - - - - - 4,294 -
22,245 147,120 125,856 332,969 427,669 74,856 180,140 1,483,954 343,477 417,068
10,040 72,377 (33,136) 33,379 (108,937) 2,494 (64,329) 36,164 41,138 (347,425)
- - - - - - - - - -
- - - - - - - - - -
- 51,986 285 - - 20,000 - - - -
- -- - - - - - - -
- 51,986 285 - - 20,000 - - - -
10,040 124,363 (32,851) 33,379 (108,937) 22,494 (64,329) 36,164 41,138 (347,425)
123,261 182,761 270,729 114,998 390,738 40,207 (77,913) 129,024 81,952 4,121,373
$ 133,301 $ 307,124 $ 237,878 $ 148,377 $ 281,801 $ 62,701 $ (142,242) $ 165,188 $ 123,090 $ 3,773,948
Public Works Garbage Pollock Water
Healthy
Neighborhood
Senior Center
Revolving Community Parks Revenue Leach
94
REVENUES
Taxes
Special Assessments
Intergovernmental
Licenses and Permits
Fines, Forfeitures and Penalties
Charges for Services
Interest on Investments
Donations
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Health and Human Services
Culture, Recreation, and Education
Conservation and Development
Debt Service
Principal
Interest
Capital Outlay
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Proceeds of Long-Term Debt
Sale of Capital Assets
Transfers In
Transfers Out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES (DEFICITS)
FUND BALANCES (DEFICITS) - ENDING
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Nonmajor Governmental Funds
For the Year Ended December 31, 2021
With Summarized Information From December 31, 2020
$ 25,000 $- $ 7,008,401 $- $- $- $- $- $ 1,100,000
- - 171,347 - - - - - -
- 956,903 3,519,822 - 1,063,153 21,093 - - -
- - - - -- - - -
- - - - - - - - -
- - 2,027,071 - - - - - -
- 6,927 104,535 - - - - - -
- - 508,831 - - 12,535 - - 30,126
- - 1,052,215 - - - - - -
25,000 963,830 14,392,222 - 1,063,153 33,628 - - 1,130,126
- - - - - - - - 59,961
- - 210,476 - - - - - 387,491
- 907,550 4,396,580 - - - - - 443,052
- -975,653 - - - - - -
20,855 49,353 6,204,044 - - - - - 281,280
3,208 - 2,560,364 - - 23,809 - - 765,676
- - 70,000 - - - - - -
- - 9,669 - - - - - -
- - 73,761 1,146,959 6,097,774 - - - 2,598,552
24,063 956,903 14,500,547 1,146,959 6,097,774 23,809 - - 4,536,012
937 6,927 (108,325) (1,146,959) (5,034,621) 9,819 - - (3,405,886)
- - - 680,500 7,063,288 - - - 4,628,056
- - 30,729 - - - - - -
- - 510,968 - 758,100 - - - -
- - - - (165,550) - - - (758,100)
- - 541,697 680,500 7,655,838 - - - 3,869,956
937 6,927 433,372 (466,459) 2,621,217 9,819 - - 464,070
30,841 (6,800) 15,484,790 (191,502) 7,915,247 7,020 - 3,861,808 10,713,945
$ 31,778 $127 $ 15,918,162 $ (657,961) $ 10,536,464 $ 16,839 $- $ 3,861,808 $ 11,178,015
Special Events
Sidewalk Street Rental Special
Advance
Payments
Special Contract
95
REVENUES
Taxes
Special Assessments
Intergovernmental
Licenses and Permits
Fines, Forfeitures and Penalties
Charges for Services
Interest on Investments
Donations
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Health and Human Services
Culture, Recreation, and Education
Conservation and Development
Debt Service
Principal
Interest
Capital Outlay
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Proceeds of Long-Term Debt
Sale of Capital Assets
Transfers In
Transfers Out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES (DEFICITS)
FUND BALANCES (DEFICITS) - ENDING
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Nonmajor Governmental Funds
For the Year Ended December 31, 2021
With Summarized Information From December 31, 2020
$- $- $- $- $- $- $- $ 13,688 $ 10,857 $ 123,916
- - - - - - - - - -
- - - - - - - 149 62 2,945
- - - - - - - - - -
- - - - - - - - - -
10,080 - - - - - - - - -
- - - - - - - - - -
18,327 - - - - - - - - -
- 8,240 - - - 87,176 - - - -
28,407 8,240 - - - 87,176 - 13,837 10,919 126,861
- - - - - - - - - -
- - - - - - - - - -
- - - - - 11,534 - - - -
- - - - - -- - - -
213,231 - - - 38,998 - - - - -
- - - - - - - - 124 135,150
- - - - - - 5,000 - - 10,000
- - - - - - 792 - - 326
705,582 - - - - 270 - - - -
918,813 - - - 38,998 11,804 5,792 - 124 145,476
(890,406) 8,240 - - (38,998) 75,372 (5,792) 13,837 10,795 (18,615)
1,530,000 - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
1,530,000 - - - - - - - - -
639,594 8,240 - - (38,998) 75,372 (5,792) 13,837 10,795 (18,615)
2,416,808 398,199 2,000 127,776 36,506 323,609 46,001 39,659 52,120 791,913
$ 3,056,402 $ 406,439 $ 2,000 $ 127,776 $ (2,492) $ 398,981 $ 40,209 $ 53,496 $ 62,915 $ 773,298
Capital Project Funds
Parking Ramp
TIF No. 8 S
Aviation TIF No. 10 Main
TIF No. 11
Oshkosh Office Grand Opera
Mct Rochlin
Park
Park
Subdivision
Park
Improvement TIF No. 12
96
REVENUES
Taxes
Special Assessments
Intergovernmental
Licenses and Permits
Fines, Forfeitures and Penalties
Charges for Services
Interest on Investments
Donations
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Health and Human Services
Culture, Recreation, and Education
Conservation and Development
Debt Service
Principal
Interest
Capital Outlay
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Proceeds of Long-Term Debt
Sale of Capital Assets
Transfers In
Transfers Out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES (DEFICITS)
FUND BALANCES (DEFICITS) - ENDING
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Nonmajor Governmental Funds
For the Year Ended December 31, 2021
With Summarized Information From December 31, 2020
$ 275,973 $ 514,040 $ 203,389 $ 131,529 $ 274,315 $ 518,719 $ 251,369 $- $ 443,009 $-
- - - - - - - - - -
17,713 2,264 47,629 51 56,714 104,461 42,382 169,855 2,068 -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
26,000 - - - - - - - - -
319,686 516,304 251,018 131,580 331,029 623,180 293,751 169,855 445,077 -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
2,942 301,223 95,150 65,252 150 150 85,850 534 68,365 150
965,000 75,000 45,000 235,000 1,575,000 315,000 70,000 1,800,000 85,000 500,191
56,545 7,413 967 9,410 71,152 16,313 5,100 64,048 38,322 92,414
- 23 - - - - - 25,772 - 600
1,024,487 383,659 141,117 309,662 1,646,302 331,463 160,950 1,890,354 191,687 593,355
(704,801) 132,645 109,901 (178,082) (1,315,273) 291,717 132,801 (1,720,499) 253,390 (593,355)
- - - - 1,380,000 - - 1,685,000 - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - 1,380,000 - - 1,685,000 - -
(704,801) 132,645 109,901 (178,082) 64,727 291,717 132,801 (35,499) 253,390 (593,355)
122,406 829,835 2,705,171 566,801 507,590 (1,406,957) 422,006 3,319,829 (404,332) (1,017,878)
$ (582,395) $ 962,480 $ 2,815,072 $ 388,719 $ 572,317 $ (1,115,240) $ 554,807 $ 3,284,330 $ (150,942) $ (1,611,233)
Capital Projects Funds
TIF No. 14 TIF No. 17 City TIF No. 18 SW
TIF No. 19 NW
Industrial
TIF No. 20
South Side Fox TIF No. 21 Fox TIF No. 23 SW TIF No. 15 Park
TIF No. 16 100
Block
TIF No. 13
Marion
97
REVENUES
Taxes
Special Assessments
Intergovernmental
Licenses and Permits
Fines, Forfeitures and Penalties
Charges for Services
Interest on Investments
Donations
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Health and Human Services
Culture, Recreation, and Education
Conservation and Development
Debt Service
Principal
Interest
Capital Outlay
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Proceeds of Long-Term Debt
Sale of Capital Assets
Transfers In
Transfers Out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES (DEFICITS)
FUND BALANCES (DEFICITS) - ENDING
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Nonmajor Governmental Funds
For the Year Ended December 31, 2021
With Summarized Information From December 31, 2020
$ 289,257 $ 251,249 $- $ 191,728 $ 47,092 $ 6,882 $ 46,595 $ 492,607 $ 13,572 $ 273,939
- - - - - - - - - -
7,780 10,602 - 81,851 191 14 158 - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
297,037 261,851 - 273,579 47,283 6,896 46,753 492,607 13,572 273,939
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
284,430 150 150 2,617 38,419 178 31,299 420,799 12,365 210,192
- 241,108 380,265 - - - - 8,278 - -
- 13,445 32,243 - - - - 4,975 - -
- -- - - - - - - -
284,430 254,703 412,658 2,617 38,419 178 31,299 434,052 12,365 210,192
12,607 7,148 (412,658) 270,962 8,864 6,718 15,454 58,555 1,207 63,747
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
12,607 7,148 (412,658) 270,962 8,864 6,718 15,454 58,555 1,207 63,747
45,202 (1,758,767) (2,364,929) (1,813,403) 2,943 (95) 5,840 (88,396) 1,430 67,659
$ 57,809 $ (1,751,619) $ (2,777,587) $ (1,542,441) $ 11,807 $ 6,623 $ 21,294 $ (29,841) $ 2,637 $ 131,406
Capital Projects Funds
TIF No. 31
Buckstaff TIF No. 29
TIF No. 30
Washington TIF No. 24 TIF No. 25 City
TIF No. 26
Aviation
TIF No. 27
North Main
TIF No. 28
Beach Building
TIF No. 32
Granary
TIF No. 33
Lamico
98
REVENUES
Taxes
Special Assessments
Intergovernmental
Licenses and Permits
Fines, Forfeitures and Penalties
Charges for Services
Interest on Investments
Donations
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Health and Human Services
Culture, Recreation, and Education
Conservation and Development
Debt Service
Principal
Interest
Capital Outlay
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Proceeds of Long-Term Debt
Sale of Capital Assets
Transfers In
Transfers Out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES (DEFICITS)
FUND BALANCES (DEFICITS) - ENDING
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits)
Nonmajor Governmental Funds
For the Year Ended December 31, 2021
With Summarized Information From December 31, 2020
2020
$ 1,055,889 $ 113,758 $- $ 25,312 $293 $- $- $- $ 6,668,977 $ 13,677,378 $ 10,759,633
- - - - - - - - - 171,347 140,610
- 638,160 - - - - - - 2,269,295 5,789,117 3,133,226
- -- - - - - - - - 27
- -- - - - - - - - 585
- -- - - - - - 10,080 2,037,151 463,897
- -- - - - - - - 104,535 6,726
- -- - - - - - 60,988 569,819 508,894
- -- - - - - - 121,416 1,173,631 1,341,637
1,055,889 751,918 - 25,312 293 - - - 9,130,756 23,522,978 16,355,235
- - - - - - - - 59,961 59,961 -
- - - - - - - - 387,491 597,967 168,327
- - - - - - - - 454,586 4,851,166 3,574,821
- - - - - - - - - 975,653 979,569
- - - - - - - - 533,509 6,737,553 5,364,485
1,056,039 180 18,896 23,974 1,357 4,914 18,824 12,282 3,681,590 6,241,954 2,569,544
- - - - - - - - 6,309,842 6,379,842 6,701,269
- - - - - - - - 413,465 423,134 551,980
- 19,321 - - - - - - 10,594,853 10,668,614 15,698,151
1,056,039 19,501 18,896 23,974 1,357 4,914 18,824 12,282 22,435,297 36,935,844 35,608,146
(150) 732,417 (18,896) 1,338 (1,064) (4,914) (18,824) (12,282) (13,304,541) (13,412,866) (19,252,911)
- - - - - - - - 16,966,844 16,966,844 17,615,000
- - - - - - - - - 30,729 22,750
- 953,050 - - - - 10,000 10,000 1,731,150 2,242,118 3,217,000
(787,500) - - - - - - (6,300) (1,717,450) (1,717,450) (2,123,798)
(787,500) 953,050 - - - - 10,000 3,700 16,980,544 17,522,241 18,730,952
(787,650) 1,685,467 (18,896) 1,338 (1,064) (4,914) (8,824) (8,582) 3,676,003 4,109,375 (521,959)
734,959 (1,064,919) 2,479 (16,801) (12,150) 9,000 - - 25,935,632 41,420,422 41,942,381
$ (52,691) $ 620,548 $ (16,417) $ (15,463) $ (13,214) $ 4,086 $ (8,824) $ (8,582) $ 29,611,635 $ 45,529,797 $ 41,420,422
Capital Projects Funds
Total Nomajor
Capital Projects
TIF No. 40 Miles
Kimball School
TIF No. 36
Merge TIF No. 37
TIF No. 38
Pioneer
TIF No. 39
Cabrini School
TIF No. 34
Oshkosh Corp
TIF No. 35
Oshkosh Ave
99
THIS PAGE LEFT BLANK INTENTIONALLY
ASSETS
Current Assets:
Cash and Investments $ 93,039 $ 1,249,667 $-
Accounts Receivable - 171,760 -
Due from Other Funds - --
Prepaid Items 18,148 - -
Total Current Assets 111,187 1,421,427 -
Noncurrent Assets:
Assets Held for Resale - - 4,447,936
Net Pension Asset 49,848 - -
Land 1,817,234 3,217,183 -
Construction Work in Progress - - -
Buildings and Improvements - 7,955,203 -
Infrastructure 3,447,323 - -
Machinery and Equipment 10,291 1,549,450 -
Accumulated Depreciation (2,033,628) (3,524,902) -
Total Noncurrent Assets 3,291,068 9,196,934 4,447,936
TOTAL ASSETS 3,402,255 10,618,361 4,447,936
DEFERRED OUTFLOWS OF RESOURCES
Deferred Outflows of Resources Related to Pension 82,892 - -
Deferred Outflows of Resources Related to
Other Post-Employment Benefits 1,598 3,684 -
Total Deferred Outflows of Resources 84,490 3,684 -
CURRENT LIABILITIES
Accounts Payable 170 154,555 2,000
Accrued Interest 158 44,751 1,480
Due to Other Funds - - 1,145,768
Deposits from Others - 5,000 -
Unearned Revenue - - -
Compensated Absences 356 - -
Current Portion of Long-Term Obligations - 185,712 110,000
Total Current Liabilities 684 390,018 1,259,248
NONCURRENT LIABILITIES
Net Other Post-Employment Benefits Liability 6,848 15,794 -
Compensated Absences 723 - -
Noncurrent Portion of Long-Term Obligations 25,000 1,061,573 185,000
Total Noncurrent Liabilities 32,571 1,077,367 185,000
TOTAL LIABILITIES 33,255 1,467,385 1,444,248
DEFERRED INFLOWS OF RESOURCES
Deferred Inflows of Resources Related to Pension 109,209 - -
Deferred Inflows of Resources Related to
Other Post-Employment Benefits 1,576 3,634 -
Total Deferred Inflows of Resources 110,785 3,634 -
NET POSITION
Net Investment in Capital Assets 3,216,220 7,949,649 -
Restricted 23,531 - -
Unrestricted 102,954 1,201,377 3,003,688
TOTAL NET POSITION
Parking Utility
Redevelopment
Project
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Net Position
Nonmajor Enterprise Funds
As of December 31, 2021
With Summarized Information from December 31, 2020
Industrial Park
100
$ 584,826 $ 1,927,532 $ 2,300,875
54,487 226,247 88,545
1,145,768 1,145,768 -
- 18,148 19,581
1,785,081 3,317,695 2,409,001
- 4,447,936 4,447,935
200,528 250,376 113,072
- 5,034,417 5,034,417
- -665
- 7,955,203 7,949,139
- 3,447,323 3,447,323
- 1,559,741 1,495,915
- (5,558,530) (5,256,464)
200,528 17,136,466 17,232,002
1,985,609 20,454,161 19,641,003
333,457 416,349 264,710
49,211 54,493 33,767
382,668 470,842 298,477
4,640 161,365 9,899
- 46,389 40,503
- 1,145,768 1,028,307
- 5,000 5,000
483 483 523
14,908 15,264 -
- 295,712 282,715
20,031 1,669,981 1,366,947
157,218 179,860 119,411
30,267 30,990 83,428
- 1,271,573 1,567,285
187,485 1,482,423 1,770,124
207,516 3,152,404 3,137,071
439,328 548,537 339,283
29,701 34,911 31,158
469,029 583,448 370,441
- 11,165,869 11,220,994
94,657 118,188 113,072
1,597,075 5,905,094 5,097,902
Inspection
Services 2021 2020
Totals
101
OPERATING REVENUES
Charges for Services $ 95,675 $- $-
Taxes - 1,800,580 -
Fines, Forfeitures and Penalties 13,803 - -
Other Operating Revenues - 106,078 -
Total Operating Revenues 109,478 1,906,658 -
OPERATING EXPENSES
Operation and Maintenance 80,811 1,321,530 1,758
Depreciation 125,792 176,273 -
Total Operating Expenses 206,603 1,497,803 1,758
OPERATING INCOME (LOSS)(97,125) 408,855 (1,758)
NONOPERATING REVENUES (EXPENSES)
Gain on Disposal of Capital Assets - - -
Interest Expense (2,064) (70,965) (10,749)
Total Nonoperating Revenues (Expenses)(2,064) (70,965) (10,749)
INCOME (LOSS) BEFORE
CONTRIBUTIONS AND TRANSFERS (99,189) 337,890 (12,507)
TRANSFERS OUT - - -
CHANGE IN NET POSITION (99,189) 337,890 (12,507)
NET POSITION - BEGINNING 3,441,894 8,813,136 3,016,195
NET POSITION - ENDING
Parking Utility
Oshkosh
Redevelopment
Project Industrial Park
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Revenues, Expenses and Changes in Net Position
Nonmajor Enterprise Funds
For the Year Ended December 31, 2021
With Summarized Information from December 31, 2020
102
$ 1,404,394 $ 1,500,069 $ 1,218,057
- 1,800,580 831,538
- 13,803 12,137
- 106,078 42,017
1,404,394 3,420,530 2,103,749
871,505 2,275,604 1,985,766
- 302,065 298,200
871,505 2,577,669 2,283,966
532,889 842,861 (180,217)
- - 834,477
- (83,778) (88,120)
- (83,778) 746,357
532,889 759,083 566,140
(1,900) (1,900) (819,043)
530,989 757,183 (252,903)
1,160,743 16,431,968 16,684,871
Inspection
Services 2021 2020
Totals
103
CASH FLOWS FROM OPERATING ACTIVITIES
Cash Received from Customers $ 109,996 $ 1,806,002 $ -
Cash Paid To Suppliers (58,635) (1,078,861) (758)
Cash Paid to Employees For Wages and Benefits (43,278) (80,779) -
Net Cash Flows From Operating Activities 8,083 646,362 (758)
CASH FLOWS FROM NON-CAPITAL
FINANCING ACTIVITIES
Due to/From Other Funds - - 117,461
Net Cash Flows From Noncapital Financing Activities - - 117,461
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Acquisition of Capital Assets -(69,224) -
Sale of Capital Assets -- -
Principal Payments on Long-Term Debt -(177,715) (105,000)
Interest and Fiscal Charges (2,064)(64,125) (11,703)
Net Cash Flows From Capital and
Related Financing Activities (2,064) (311,064) (116,703)
93,039 1,249,667 -
RECONCILIATION OF CASH ACCOUNTS
Cash and Investments $ 93,039 1,249,667 -
RECONCILIATION OF OPERATING INCOME (LOSS)
TO NET CASH FLOWS FROM OPERATING ACTIVITIES
Operating Income (Loss)$ (97,125) $ 408,855 $ (1,758)
Adjustments to Reconcile Operating Income (Loss)
to Net Cash Flows from Operating Activities:
Depreciation 125,792 176,273 -
Changes in Assets and Liabilities:
Customer Accounts Receivable 518 (100,656) -
Prepaids 1,433 - -
Accounts Payable (1,641) 154,510 1,000
Unearned Revenue - - -
Compensated Absences (213) - -
Net Pension Asset (43,086) - -
Deferred Outflows Related to Pension (67,466) - -
Deferred Inflows Related to Pension 163 - -
Net OPEB Liability 764 7,819 -
Deferred Outflows Related to OPEB 88,919 (1,739) -
Deferred Inflows Related to OPEB 25 1,300 -
Net Cash Flows From
$8,083 $646,362 $(758)
CASH AND INVESTMENTS - ENDING
CHANGE IN CASH AND INVESTMENTS
CASH AND INVESTMENTS - BEGINNING
Industrial ParkParking Utility
Oshkosh
Redevelopment
Project
CITY OF OSHKOSH, WISCONSIN
Combining Statement of Cash Flows
Nonmajor Enterprise Funds
For the Year Ended December 31, 2021
With Summarized Information from December 31, 2020
104
$ 1,366,830 $ 3,282,828 $
(155,827) (1,294,081) (1,210,375)
(777,995) (902,052) (866,857)
433,008 1,086,695
(1,145,768) (1,028,307) (1,819,798)
(1,147,668) (1,030,207) (2,638,841)
-(69,224) (159,070)
--
- (282,715) (335,000)
-(77,892) (90,189)
- (429,831)
584,826 1,927,532
584,826 1,927,532
$ 532,889 $ 842,861 $ (180,217)
- 302,065 298,200
(37,564) (137,702) 32,763
- 1,433 1,433
(2,404) 151,465 (111,103)
(40) (40) (10,220)
(36,961) (37,174) 7,504
(94,218) (137,304) (235,692)
(84,173) (151,639) 69,753
120,335 120,498 169,509
51,866 60,449 14,736
(19,150) 68,030 (29,357)
2,428 3,753 21,751
2020
Totals
Inspection
Services 2021
105
ASSETS
Current Assets:
Cash and Investments $ 1,524,752 $ 582,933 $ 147,792 $- $ 2,255,477 $ 2,200,734
Due from Other Funds 474,431 - - - 474,431 454,928
Prepaid Items - - - 75,000 75,000 -
TOTAL ASSETS 1,999,183 582,933 147,792 75,000 2,804,908 2,655,662
DEFERRED OUTFLOWS OF RESOURCES
Deferred Outflows of Resources Related
to Other Post-Employment Benefits - - - 1,253 1,253 1,945
CURRENT LIABILITIES
Accounts and Claims Payable 9,464 - - 13,640 23,104 32,158
Due to Other Funds - - - 474,431 474,431 454,928
Total Current Liabilities 9,464 - - 488,071 497,535 487,086
NONCURRENT LIABILITIES
Net Other Post-Employment Benefits Liability - - - 5,370 5,370 7,975
TOTAL LIABILITIES 9,464 - - 493,441 502,905 495,061
DEFERRED INFLOWS OF RESOURCES
Deferred Inflows of Resources Related
to Other Post-Employment Benefits - - - 1,236 1,236 2,437
NET POSITION
Unrestricted (Deficit)$1,989,719 $582,933 $147,792 $(418,424) $2,302,020 $2,160,109
CITY OF OSHKOSH, WISCONSIN
With Summarized Information from December 31, 2020
As of December 31, 2021
Internal Service Funds
Combining Statement of Net Position (Deficit)
2020
TotalEmployee
Benefits
Worker's
CompensationFire PensionPolice Pension 2021
106
OPERATING REVENUES
Charges for Services $ 383,858 $- $- $ 594,141 $ 977,999 $ 795,343
OPERATING EXPENSES
Claims and Administration 288,723 5,119 - 934,664 1,228,506 1,486,556
OPERATING INCOME (LOSS)95,135 (5,119) - (340,523) (250,507) (691,213)
NONOPERATING REVENUES
Investment Earnings - 3,682 736 - 4,418 18,286
INCOME (LOSS) BEFORE CONTRIBUTIONS
AND TRANSFERS 95,135 (1,437) 736 (340,523) (246,089) (672,927)
TRANSFERS IN - - - 388,000 388,000 -
CHANGE IN NET POSITION 95,135 (1,437) 736 47,477 141,911 (672,927)
NET POSITION (DEFICIT) - BEGINNING 1,894,584 584,370 147,056 (465,901) 2,160,109 2,833,036
NET POSITION (DEFICIT) - ENDING
With Summarized Information from December 31, 2020
For the Year Ended December 31, 2021
Internal Service Funds
Statement of Revenues, Expenses and Changes in Net Position (Deficit)
CITY OF OSHKOSH, WISCONSIN
2021 2020
Worker's
Compensation
Employee
Benefits Police Pension Fire Pension
Total
107
CASH FLOWS FROM OPERATING ACTIVITIES
Cash Received from City $ 383,858 $-$-$ 594,141 $ 977,999 $
Paid to Suppliers for Goods and Services (308,911) (5,119)- (951,102) (1,265,132) (1,252,811)
Paid to Employees for Operating Payroll - - - (50,542) (50,542) (205,175)
Net Cash Flows From Operating Activities 74,947 (5,119)- (407,503) (337,675) (662,643)
CASH FLOWS FROM NON-CAPITAL
FINANCING ACTIVITIES
Due to/from Other Fund (19,503) - - 19,503 -
Net Cash Flows From Noncapital Financing Activities (19,503) - - 407,503 388,000
CASH FLOWS FROM INVESTING ACTIVITIES
Investment Income - 3,682 736 - 4,418
1,524,752 582,933 147,792 - 2,255,477
RECONCILIATION OF CASH ACCOUNTS
Cash and Investments $ 1,524,752 582,933 147,792 - 2,255,477
RECONCILIATION OF OPERATING INCOME (LOSS)
TO NET CASH FLOWS FROM OPERATING ACTIVITIES
Operating Income (Loss)$ 95,135 $(5,119) $- $ (340,523) $ (250,507) $ (691,213)
Adjustments to Reconcile Operating Income (Loss)
to Net Cash Flows from Operating Activities:
Prepayments - - - (75,000) (75,000) -
Deferred Outflows Related to OPEB - - - 692 692 (1,735)
Accounts Payable (20,188) - - 11,134 (9,054) 30,024
Net OPEB Liability - - - (2,605) (2,605) (1,667)
Deferred Inflows Related to OPEB - - - (1,201) (1,201) 1,948
Net Cash Flows From
$74,947 $(5,119) $- $(407,503) $(337,675) $(662,643)
With Summarized Information from December 31, 2020
For the Year Ended December 31, 2021
Internal Service Funds
Combining Statement of Cash Flows
CITY OF OSHKOSH, WISCONSIN
Employee
Benefits Police Pension Fire Pension
Worker's
Compensation
Totals
2021 2020
CHANGE IN CASH AND INVESTMENTS
CASH AND INVESTMENTS - BEGINNING
CASH AND INVESTMENTS - ENDING
108
THIS PAGE LEFT BLANK INTENTIONALLY
Tax
Collection
ASSETS
Cash and Investments $ 25,918,388 $ 25,918,388 $ 21,388,268
Taxes Receivable 41,506,843 41,506,843 44,102,761
Other Receivables - - 4,202
Total Assets 67,425,231 67,425,231 65,495,231
LIABILITIES
Due to Other Taxing Units 67,405,878 67,405,878 65,430,565
Accounts Payable 19,353 19,353 60,464
Due to Other Governments - - 4,202
Total Liabilities 67,425,231 67,425,231 65,495,231
NET POSITION
Custodial Funds
2021 2020
CITY OF OSHKOSH, WISCONSIN
Combinging Statement of Net Position
Custodial Funds
As of December 31, 2021
With Summarized Information from December 31, 2020
109
Tax
Collection
ADDITIONS
Taxes Collected on Behalf of Other Taxing Entities $ 46,073,361 $ 46,073,361 $ 42,223,632
DEDUCTIONS
Taxes Remitted to Other Taxing Entities 46,073,361 46,073,361 42,223,632
CHANGE IN NET POSITION - - -
NET POSITION - BEGINNING - - -
NET POSITION - ENDING
*Note: The 2020 Financials included the Hospial Bioterrorism Fund, which closed at December 31, 2020
Custodial Funds
2021 2020
CITY OF OSHKOSH, WISCONSIN
Combinging Statement of Changes in Net Position
Custodial Funds
For the Year Ended December 31, 2021
With Summarized Information from December 31, 2020
110
REVENUES
Taxes 11,160,200 11,160,200 11,160,200 -
Total Revenues
EXPENDITURES
Principal 14,757,500 14,757,500 13,928,949 828,551
Interest and Fiscal Charges 3,502,300 3,502,300 3,012,200 490,100
Total Expenditures
DEFICIENCY OF REVENUES
UNDER EXPENDITURES
OTHER FINANCING SOURCES
Proceeds from Long-term Debt Issued - - 3,363,156 3,363,156
Premium Received on Long-Term Debt Issued - - 1,359,700 1,359,700
Transfers In 5,685,200 5,685,200 - (5,685,200)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Favorable
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Debt Service Fund
For the Year Ended December 31, 2021
Variance
Original Actual
Final Budget
111
REVENUES
Taxes 327,400 327,400 327,400 -
Intergovernmental 95,000 128,000 120,232 (7,768)
Total Revenues
EXPENDITURES
Capital Outlay 555 555 557 (2)
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Committee on Aging
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
112
REVENUES
Special Assessments 140,600 140,600 171,347 30,747
Total Revenues
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Business Improvement District
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
113
REVENUES
Intergovernmental 236,500 236,500 238,003 1,503
Total Revenues
EXPENDITURES
Capital Outlay 210,000 210,000 - 210,000
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Recycling
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
114
REVENUES
Taxes 1,075,000 1,075,000 1,075,000 -
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Street Lighting
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
115
REVENUES
Taxes 2,772,700 2,772,700 2,772,700 -
Intergovernmental 683,700 683,700 683,668 (32)
Total Revenues
EXPENDITURES
Principal - - 70,000 (70,000)
Interest and Fiscal Charges - - 9,669 (9,669)
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Library
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
116
REVENUES
Taxes 970,000 970,000 970,000 -
Total Revenues
EXPENDITURES
Capital Outlay 8,500 8,500 6,410 2,090
Total Expenditures
DEFICIENCY OF REVENUES
UNDER EXPENDITURES
OTHER FINANCING SOURCES
Transfers In 155,700 155,700 360,897 205,197
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Museum
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
117
REVENUES
Taxes 300,000 300,000 300,000 -
Total Revenues
EXPENDITURES
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES
Transfers In 49,300 49,300 77,800 28,500
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Cemetery
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
118
Final Budget
REVENUES
Intergovernmental 850,000 850,000 903,964 53,964
Total Revenues
EXPENDITURES
Capital Outlay 304,400 254,400 - 254,400
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Community Development Block Grant
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
119
REVENUES
Investment Income $- $- $91,725 $91,725
Miscellaneous - - 496,779 496,779
Total Revenues - - 588,504 588,504
EXPENDITURES
Current:
Conservation and Development 300,000 300,000 593,221 (293,221)
NET CHANGE IN FUND BALANCE (300,000) (300,000) (4,717) 295,283
FUND BALANCE - BEGINNING 1,973,051 1,973,051 1,973,051 -
FUND BALANCE - ENDING $1,673,051 $1,673,051 $1,968,334 $295,283
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Local Revolving Loan Program
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
120
REVENUES
Intergovernmental 5,500 5,500 3,230 (2,270)
Total Revenues
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Senior Center Revolving Loans
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
121
REVENUES
Intergovernmental 22,000 22,000 53,071 31,071
Total Revenues
EXPENDITURES
Capital Outlay - - 62,500 (62,500)
Total Expenditures
EXCESS OF REVENUES
OVER EXPENDITURES
OTHER FINANCING SOURCES
Transfers In - - 51,986 51,986
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Police Special
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
122
REVENUES
Intergovernmental 39,800 39,800 78,592 38,792
Total Revenues
EXPENDITURES
DEFICIENCY OF REVENUES
UNDER EXPENDITURES
OTHER FINANCING SOURCES
Transfers In - - 285 285
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Fire Special
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
123
REVENUES
Intergovernmental 1,500,000 1,500,000 366,348 (1,133,652)
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Community Development Special
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
124
REVENUES
Investment Income $- $- $555 $555
Miscellaneous 50,000 50,000 69,088 19,088
Total Revenues 50,000 50,000 69,643 19,643
EXPENDITURES
Current:
Health and Human Services - - 201 (201)
Conservation and Development 826,400 827,500 416,867 410,633
Total Expenditures 826,400 827,500 417,068 410,432
NET CHANGE IN FUND BALANCE (776,400) (777,500) (347,425) 430,075
FUND BALANCE - BEGINNING 4,121,373 4,121,373 4,121,373 -
FUND BALANCE - ENDING $3,344,973 $3,343,873 $3,773,948 $430,075
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Healthy Neighborhood Initiative
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
125
REVENUES
Intergovernmental 7,500 7,500 - (7,500)
Total Revenues
EXPENDITURES
DEFICIENCY OF REVENUES
UNDER EXPENDITURES
OTHER FINANCING SOURCES
Transfers In 150,000 150,000 - (150,000)
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Parks Revenue Facilities
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
126
Original and
Final Budget
REVENUES
Taxes 14,000 14,000 14,000 -
Total Revenues
EXPENDITURES
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES
Transfers In 20,000 20,000 20,000 -
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Leach Amphitheater
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
127
REVENUES
Intergovernmental 250,000 250,000 115,811 (134,189)
EXPENDITURES
NET CHANGE IN FUND BALANCE (DEFICIT)
FUND BALANCE (DEFICIT) - BEGINNING
FUND BALANCE (DEFICIT) - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - Public Works Special
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
128
REVENUES
Taxes 1,460,400 1,460,400 1,460,301 (99)
Total Revenues
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Garbage Disposal
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
129
REVENUES
Taxes 64,000 64,000 64,000 -
Total Revenues
EXPENDITURES
Capital Outlay - - 4,294 (4,294)
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Pollock Water Park
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
130
REVENUES
Taxes 25,000 16,500 25,000 8,500
EXPENDITURES
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Rental Inspections
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
131
REVENUES
Intergovernmental - - 956,903 956,903
Total Revenues
EXPENDITURES
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING (DEFICIT)
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - Special Events
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
132
REVENUES
Intergovernmental - - 21,093 21,093
Total Revenues
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Street Tree
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
133
REVENUES
Taxes 1,100,000 1,100,000 1,100,000 -
Total Revenues
EXPENDITURES
Capital Outlay 1,353,736 4,231,572 2,598,552 1,633,020
Total Expenditures
DEFICIENCY OF REVENUES
UNDER EXPENDITURES
OTHER FINANCING SOURCES (USES)
Proceeds from Long-term Debt Issued - - 4,628,056 4,628,056
Transfers Out - - (758,100) (758,100)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Equipment
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
134
REVENUES
Charges for Services $- $- $10,080 $10,080
Miscellaneous - - 18,327 18,327
Total Revenues - - 28,407 28,407
EXPENDITURES
Current:
Culture and Recreation - 222,000 213,231 8,769
Capital Outlay 53,104 453,104 705,582 (252,478)
Total Expenditures
DEFICIENCY OF REVENUES
UNDER EXPENDITURES
OTHER FINANCING SOURCES
Proceeds from Long-term Debt Issued - - 1,530,000 1,530,000
Transfers In 34,150 34,150 - (34,150)
Total Other Financing Sources
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Park Improvement and Acquisition
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
135
EXPENDITURES
Current:
Culture and Recreation $29,600 $29,600 $38,998 $(9,398)
NET CHANGE IN FUND BALANCE (29,600) (29,600) (38,998) (9,398)
FUND BALANCE - BEGINNING 36,506 36,506 36,506 -
FUND BALANCE (DEFICIT) - ENDING $6,906 $6,906 $(2,492) $(9,398)
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - Grand Opera House
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
136
REVENUES
Miscellaneous $44,200 $44,200 $87,176 $42,976
EXPENDITURES
Current:
Public Works 19,700 19,700 11,534 8,166
Capital Outlay 50,000 50,000 270 49,730
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - Parking Ramp Improvements
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
137
EXPENDITURES
Debt Service:
Principal 5,000 5,000 5,000 -
Interest and Fiscal Charges 1,100 1,100 792 308
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 8 S Aviation Industrial
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
138
REVENUES
Taxes 13,000 13,000 13,688 688
Intergovernmental 200 200 149 (51)
Total Revenues
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 10 Main and Washington
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
139
REVENUES
Taxes 10,200 10,200 10,857 657
EXPENDITURES
EXCESS OF REVENUES
OVER EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 11 Oshkosh Office Center
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
140
REVENUES
Taxes 120,700 120,700 123,916 3,216
Intergovernmental 2,000 2,000 2,945 945
Total Revenues
EXPENDITURES
Principal 10,000 10,000 10,000 -
Interest and Fiscal Charges 400 400 326 74
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 12 Division Street
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
141
REVENUES
Taxes 267,200 267,200 275,973 8,773
Intergovernmental 10,100 10,100 17,713 7,613
Total Revenues
EXPENDITURES
Principal 969,600 969,600 965,000 4,600
Interest and Fiscal Charges 52,000 52,000 56,545 (4,545)
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE (DEFICIT) - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No. 13 Marion Road/ Pearl Ave
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
142
REVENUES
Taxes 506,000 506,000 514,040 8,040
Intergovernmental 100 100 2,264 2,164
Total Revenues
EXPENDITURES
Principal 80,000 80,000 75,000 5,000
Interest and Fiscal Charges 2,400 2,400 7,413 (5,013)
Capital Outlay 100,000 300,000 23 299,977
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 14 Mercy Medical
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
143
REVENUES
Taxes 202,900 202,900 203,389 489
Intergovernmental 47,600 47,600 47,629 29
Total Revenues
EXPENDITURES
Principal 44,000 44,000 45,000 (1,000)
Interest and Fiscal Charges 2,000 2,000 967 1,033
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 15 Park Plaza
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
144
REVENUES
Taxes 129,700 129,700 131,529 1,829
Intergovernmental 600 600 51 (549)
Total Revenues
EXPENDITURES
Principal 236,000 236,000 235,000 1,000
Interest and Fiscal Charges 8,500 8,500 9,410 (910)
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 16 100 Block Redevelopment
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
145
REVENUES
Taxes 269,700 269,700 274,315 4,615
Intergovernmental 5,600 5,600 56,714 51,114
Total Revenues
EXPENDITURES
Principal 391,900 391,900 1,575,000 (1,183,100)
Interest and Fiscal Charges - - 71,152 (71,152)
Total Expenditures
DEFICIENCY OF REVENUES
UNDER EXPENDITURES
OTHER FINANCING SOURCES
Proceeds from Long-term Debt Issued - - 1,380,000 1,380,000
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 17 City Centre
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
146
REVENUES
Taxes 442,700 442,700 518,719 76,019
Intergovernmental 54,200 54,200 104,461 50,261
Total Revenues
EXPENDITURES
Principal 300,000 300,000 315,000 (15,000)
Interest and Fiscal Charges 31,400 31,400 16,313 15,087
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE (DEFICIT) - BEGINNING
FUND BALANCE (DEFICIT) - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No. 18 SW Industrial No. 3
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
147
REVENUES
Taxes 221,600 221,600 251,369 29,769
Intergovernmental 25,300 25,300 42,382 17,082
Total Revenues
EXPENDITURES
Principal 68,000 68,000 70,000 (2,000)
Interest and Fiscal Charges 7,100 7,100 5,100 2,000
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 19 NW Industrial Expansion
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
148
REVENUES
Intergovernmental 1,000 1,000 169,855 168,855
EXPENDITURES
Principal 284,100 284,100 1,800,000 (1,515,900)
Interest and Fiscal Charges 30,000 30,000 64,048 (34,048)
Capital Outlay 1,256,922 1,679,226 25,772
Total Expenditures
DEFICIENCY OF REVENUES
UNDER EXPENDITURES
OTHER FINANCING SOURCES
Proceeds from Long-term Debt Issued - - 1,685,000 1,685,000
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 20 South Side Fox River
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
149
REVENUES
Taxes 435,100 435,100 443,009 7,909
Intergovernmental 500 500 2,068 1,568
Total Revenues
EXPENDITURES
Principal 90,000 90,000 85,000 5,000
Interest and Fiscal Charges 51,100 51,100 38,322 12,778
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE (DEFICIT) - BEGINNING
FUND BALANCE (DEFICIT) - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No. 21 Fox River Corridor
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
150
EXPENDITURES
Current:
Conservation and Development $200 $200 $150 $50
Debt Service:
Principal 364,600 364,600 500,191 (135,591)
Interest and Fiscal Charges 49,700 49,700 92,414 (42,714)
Capital Outlay 10,300 10,900 600 10,300
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE (DEFICIT) - BEGINNING
FUND BALANCE (DEFICIT) - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No. 23 SW Industrial Park
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
151
REVENUES
Taxes 288,700 288,700 289,257 557
Intergovernmental - - 7,780 7,780
Total Revenues
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 24 Oshkosh Corp
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
152
REVENUES
Taxes $253,100 253,100 251,249 (1,851)
Intergovernmental 7,700 7,700 10,602 2,902
Total Revenues
EXPENDITURES
Principal 234,700 234,700 241,108 (6,408)
Interest and Fiscal Charges 20,000 20,000 13,445 6,555
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE (DEFICIT) - BEGINNING
FUND BALANCE (DEFICIT) - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No. 25 City Center Hotel
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
153
EXPENDITURES
Current:
Conservation and Development $10,200 $10,200 $150 $10,050
Debt Service:
Principal 370,000 370,000 380,265 (10,265)
Interest and Fiscal Charges 42,600 42,600 32,243 10,357
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE (DEFICIT) - BEGINNING
FUND BALANCE (DEFICIT) - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No. 26 Aviation Business Park
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
154
REVENUES
Taxes 176,900 176,900 191,728 14,828
Intergovernmental 55,700 55,700 81,851 26,151
Total Revenues
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE (DEFICIT) - BEGINNING
FUND BALANCE (DEFICIT) - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No. 27 North Main Street
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
155
REVENUES
Taxes $45,800 45,800 47,092 1,292
Intergovernmental - - 191 191
Total Revenues
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 28 Beach Building Redevelopment
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
156
REVENUES
Taxes 5,500 5,500 6,882 1,382
Intergovernmental - - 14 14
Total Revenues
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE (DEFICIT) - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No. 29 Morgan District
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
157
REVENUES
Taxes $42,600 42,600 46,595 3,995
Intergovernmental - - 158 158
Total Revenues
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 30 Washington Building
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
158
Original and
Final Budget
REVENUES
Taxes 485,600 485,600 492,607 7,007
EXPENDITURES
Principal 7,700 7,700 8,278 (578)
Interest and Fiscal Charges 5,600 5,600 4,975 625
Total Expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE (DEFICIT) - BEGINNING
FUND BALANCE (DEFICIT) - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No. 31 Buckstaff Redevelopment
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
159
REVENUES
Taxes 12,000 12,000 13,572 1,572
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 32 Granary Redevelopment
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
160
REVENUES
Taxes 269,100 269,100 273,939 4,839
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget to Actual - TIF No. 33 Lamico Redevelopment
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
161
REVENUES
Taxes $1,000,500 1,000,500 1,055,889 55,389
EXPENDITURES
DEFICIENCY OF REVENUES
UNDER EXPENDITURES
OTHER FINANCING USE
Transfers Out - - (787,500) (787,500)
NET CHANGE IN FUND BALANCE
FUND BALANCE - BEGINNING
FUND BALANCE (DEFICIT) - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No.34 Oshkosh Corp Headquarters
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
162
REVENUES
Taxes $9,300 9,300 113,758 104,458
Intergovernmental - - 638,160 638,160
Total Revenues
EXPENDITURES
Principal 43,000 43,000 - 43,000
Interest and Fiscal Charges 14,600 14,600 - 14,600
Capital Outlay 43,594 48,950 19,321 29,629
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES
NET CHANGE IN FUND BALANCE
FUND BALANCE (DEFICIT) - BEGINNING
FUND BALANCE (DEFICIT) - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No.35 Oshkosh Ave. Corridor
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
163
Original and
Final Budget
EXPENDITURES
Current:
Conservation and Development $1,200 $19,950 $18,896 $1,054
NET CHANGE IN FUND BALANCE (1,200) (19,950) (18,896) 1,054
FUND BALANCE - BEGINNING 2,479 2,479 2,479 -
FUND BALANCE (DEFICIT) - ENDING $1,279 $(17,471) $(16,417) $1,054
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No.36 Merge Redevelopment
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
164
REVENUES
Taxes $- - 25,312 25,312
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE (DEFICIT) - BEGINNING
FUND BALANCE (DEFICIT) - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No.37 Aviation Plaza
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
165
REVENUES
Taxes $- - 293 293
EXPENDITURES
NET CHANGE IN FUND BALANCE
FUND BALANCE (DEFICIT) - BEGINNING
FUND BALANCE (DEFICIT) - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No.38 Pioneer Redevelopment
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
166
EXPENDITURES
Current:
Conservation and Development $20,200 $20,200 $4,914 $15,286
NET CHANGE IN FUND BALANCE (20,200) (20,200) (4,914) 15,286
FUND BALANCE - BEGINNING 9,000 9,000 9,000 -
FUND BALANCE (DEFICIT) - ENDING $(11,200) $(11,200) $4,086 $15,286
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenditures and Changes in Fund Balance (Deficit)
Budget to Actual - TIF No.39 Cabrini School Redevelopment
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
167
OPERATING REVENUES
Charges for Services 1,009,200 1,009,200 714,485 (294,715)
Other Operating Revenues 35,000 35,000 77,210 42,210
Total Operating Revenues
OPERATING EXPENSES
Total Operating Expenses
OPERATING LOSS
NONOPERATING REVENUES (EXPENSES)
General Property Taxes 809,500 809,500 809,500 -
Gain on Disposal of Capital Assets - - 651 651
Nonoperating grants 3,270,200 3,270,200 4,011,307 741,107
Interest Expense (48,100) (48,100) (48,072) 28
Total Nonoperating Revenues (Expenses)
INCOME (LOSS) BEFORE
CONTRIBUTIONS AND TRANSFERS (4,959,190) (5,540,300) 202,265 5,742,565
TRANSFERS OUT - - (17,000)
NET CHANGE IN NET POSITION
NET POSITION - BEGINNING
NET POSITION - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenses and Changes in Net Position
Budget to Actual - Transit Utility
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
168
OPERATING REVENUES
Charges for Services $16,989,900 16,989,900 15,381,609 (1,608,291)
Other Operating Revenues 122,500 122,500 195,698 73,198
Total Operating Revenues
OPERATING EXPENSES
Total Operating Expenses
OPERATING INCOME
NONOPERATING REVENUES (EXPENSES)
Gain on Disposal of Capital Assets - - 14,168 14,168
Investment Earnings 185,600 185,600 8,152 (177,448)
Interest Expense (1,823,000) (1,823,000) (1,844,461) (21,461)
Total Nonoperating Revenues (Expenses)
INCOME BEFORE
CONTRIBUTIONS AND TRANSFERS 3,424,100 3,286,835 2,842,553 (444,282)
TRANSFERS OUT (1,000,000) (1,000,000) (1,022,400)
CAPITAL CONTRIBUTIONS 57,900 57,900 70,381
NET CHANGE IN NET POSITION
NET POSITION - BEGINNING
NET POSITION - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenses and Changes in Net Position
Budget to Actual - Water Utility
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
169
OPERATING REVENUES
Charges for Services 16,799,000 16,799,000 15,797,270 (1,001,730)
OPERATING EXPENSES
Total Operating Expenses
OPERATING INCOME
NONOPERATING REVENUES (EXPENSES)
Gain on Disposal of Capital Assets - - 23,534 23,534
Investment Earnings 230,400 230,400 79,094 (151,306)
Interest Expense (2,582,500) (2,582,500) (2,814,478) (231,978)
Total Nonoperating Revenues (Expenses)
INCOME BEFORE
CONTRIBUTIONS AND TRANSFERS 2,849,900 2,780,500 2,454,768 (325,732)
TRANSFERS OUT - - (13,800)
CAPITAL CONTRIBUTIONS 378,500 378,500 338,079
NET CHANGE IN NET POSITION
NET POSITION - BEGINNING
NET POSITION - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenses and Changes in Net Position
Budget to Actual - Sewer Utility
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
170
OPERATING REVENUES
Charges for Services $12,529,000 12,529,000 12,321,058 (207,942)
Other Operating Revenues 2,000 2,000 37,227 35,227
Total Operating Revenues
OPERATING EXPENSES
Total Operating Expenses
OPERATING INCOME
NONOPERATING REVENUES (EXPENSES)
Gain on Disposal of Capital Assets - - 5,905 5,905
Nonoperating grants 4,000 4,000 - (4,000)
Net Investment Earnings (Loss)349,000 349,000 (16,991) (365,991)
Interest Expense (2,990,500) (2,990,500) (2,590,772) 399,728
Total Nonoperating Revenues (Expenses)
INCOME BEFORE
CONTRIBUTIONS AND TRANSFERS 4,823,200 4,790,440 5,071,358 280,918
TRANSFERS OUT - - (2,900)
CAPITAL CONTRIBUTIONS 127,300 127,300 50,252
NET CHANGE IN NET POSITION
NET POSITION - BEGINNING
NET POSITION - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenses and Changes in Net Position
Budget to Actual - Stormwater Utility
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
171
Original and
Final Budget
OPERATING REVENUES
Charges for Services 129,800 129,800 95,675 (34,125)
Fines, Forfeitures and Penalties 15,000 15,000 13,803 (1,197)
Total Operating Revenues
OPERATING EXPENSES
Total Operating Expenses
OPERATING LOSS
NONOPERATING EXPENSES
Interest Expense (2,000) (2,000) (2,064) (64)
NET CHANGE IN NET POSITION
NET POSITION - BEGINNING
NET POSITION - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenses and Changes in Net Position
Budget to Actual - Parking Utility
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
172
OPERATING REVENUES
Taxes 831,000 831,000 1,800,580 969,580
Other Operating Revenues 34,700 34,700 106,078 71,378
Total Operating Revenues
OPERATING EXPENSES
Total Operating Expenses
OPERATING INCOME (LOSS)
NONOPERATING EXPENSES
Interest Expense (67,500) (67,500) (70,965) (3,465)
NET CHANGE IN NET POSITION
NET POSITION - BEGINNING
NET POSITION - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenses and Changes in Net Position
Budget to Actual - Oshkosh Redevelopment Project
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
173
OPERATING EXPENSES
Operation and Maintenance $45,000 $45,000 $1,758 $43,242
OPERATING LOSS (45,000) (45,000) (1,758) 43,242
NONOPERATING EXPENSES
Interest Expense (4,600) (4,600) (10,749) (6,149)
NET CHANGE IN NET POSITION
NET POSITION - BEGINNING
NET POSITION - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenses and Changes in Net Position
Budget to Actual - Industrial Park
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
174
OPERATING REVENUES
Charges for Services $957,000 $957,000 $1,404,394 $ 447,394
OPERATING EXPENSES
Operation and Maintenance 71,895
OPERATING INCOME 29,400 13,600 532,889 519,289
TRANSFERS OUT - - (1,900) (1,900)
NET CHANGE IN NET POSITION 29,400 13,600 530,989 517,389
NET POSITION - BEGINNING 1,160,743 1,160,743 1,160,743 -
NET POSITION - ENDING $ 1,190,143 $ 1,174,343 $ 1,691,732 $ 517,389
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenses and Changes in Net Position
Budget to Actual - Inspection Services
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
175
OPERATING REVENUES
Charges for Services $382,400 382,400 380,700 (1,700)
Taxes - - - -
Fines, Forfeitures and Penalties - - - -
Other Operating Revenues - - 3,158 3,158
Total Operating Revenues
OPERATING EXPENSES
NET CHANGE IN NET POSITION
NET POSITION - BEGINNING
NET POSITION - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenses and Changes in Net Position
Budget to Actual - Hospital Insurance
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
176
Final Budget
OPERATING EXPENSES
Claims and Administration $5,200 $5,200 $5,119 $81
OPERATING LOSS (5,200) (5,200) (5,119) 81
NONOPERATING REVENUES
Investment Earnings 1,500 1,500 3,682 2,182
NET CHANGE IN NET POSITION
NET POSITION - BEGINNING
NET POSITION - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenses and Changes in Net Position
Budget to Actual - Police Pension
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
177
NONOPERATING REVENUES
Investment Earnings 1,300 1,300 736 (564)
NET CHANGE IN NET POSITION
NET POSITION - BEGINNING
NET POSITION - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenses and Changes in Net Position
Budget to Actual - Fire Pension
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
178
OPERATING REVENUES
Charges for Services 744,000 744,000 594,141 (149,859)
OPERATING EXPENSES
LOSS BEFORE
CONTRIBUTIONS AND TRANSFERS (110,100) (111,000) (340,523) (229,523)
TRANSFERS IN - - 388,000
NET CHANGE IN NET POSITION
NET POSITION - BEGINNING
NET POSITION - ENDING
Budget Amounts (Unfavorable)
CITY OF OSHKOSH, WISCONSIN
Schedule of Revenues, Expenses and Changes in Net Position
Budget to Actual - Worker's Compensation
For the Year Ended December 31, 2021
Variance
Original Actual Favorable
Final Budget
179
STATISTICAL SECTION
2021 2020 2019 2018 2017
Governmental Activities
Net Investment in Capital Assets 57,867,428$ 53,733,398$ 47,319,281$ 43,812,963$ 37,227,904$
Restricted 39,045,714 38,831,796 28,695,910 27,951,509 28,379,167
Unrestricted 52,633,003 37,888,515 48,436,055 47,114,137 33,786,672
Total Governmental Activities Net Position 149,546,145$ 130,453,709$ 124,451,246$ 118,878,609$ 99,393,743$
Business-Type Activities
Net Investment in Capital Assets 141,692,794$ 162,667,610$ 145,221,685$ 140,276,752$ 113,691,844$
Restricted 23,124,605 1,555,705 16,792,800 16,279,781 12,250,194
Unrestricted 81,677,837 71,541,182 65,833,816 58,666,104 73,264,160
Total Business-Type Activities Net Position 246,495,236$ 235,764,497$ 227,848,301$ 215,222,637$ 199,206,198$
Primary government
Net Investment in Capital Assets 199,560,222$ 216,401,008$ 192,540,966$ 184,089,715$ 150,919,748$
Restricted 62,170,319 40,387,501 45,488,710 44,231,290 40,629,361
Unrestricted 134,310,840 109,429,697 114,269,871 105,780,241 107,050,832
Total Primary Government Net Position 396,041,381$ 366,218,206$ 352,299,547$ 334,101,246$ 298,599,941$
Net Position
Last Five Years
(accrual basis of accounting)
CITY OF OSHKOSH, WISCONSIN
180
2021 2020 2019 2018 2017
Program Revenues
Governmental Activities:
Charges for Services:
General Government 1,129,474$ 936,771$ 1,602,025$ 1,579,036$ 1,600,030$
Public Safety 4,009,103 2,786,871 3,575,002 2,930,736 3,323,449
Public Works 8,324,516 3,999,812 4,770,871 4,194,483 4,351,816
Health and Human Services 82,116 97,715 150,266 158,010 128,185
Culture and recreation 1,076,121 471,878 1,038,940 1,331,976 991,340
Transportation - 35,254 46,162 49,406 32,311
Conservation and Development 1,069,686 1,222,951 1,238,017 1,910,581 1,948,213
Operating grants and contributions 2,464,359 7,723,599 7,296,173 7,382,098 5,548,647
Capital grants and contributions 2,843,820 1,336,243 2,574,279 5,997,060 6,321,824
Total Governmental Activities Program Revenues 20,999,195 18,611,094 22,291,735 25,533,386 24,245,815
Business-Type Activities:
Charges for Services:
Transit utility 791,695 880,008 1,116,993 995,725 895,265
Water utility 15,577,307 15,576,609 16,109,837 15,465,120 15,122,194
Sewer utility 15,797,270 15,248,469 15,192,344 14,560,093 13,530,955
Storm Water utility 12,358,285 11,599,453 10,753,050 9,986,323 9,254,565
Other 3,420,530 2,109,141 3,328,348 3,357,933 3,847,579
Operating grants and contributions 4,011,307 3,740,318 4,226,850 3,110,752 3,189,855
Capital grants and contributions 458,712 240,891 1,911,582 5,085,796 3,935,617
Total Business-Type Activities Program Revenues 52,415,106 49,394,889 52,639,004 52,561,742 49,776,030
Total Primary Government Program Revenues 73,414,301 68,005,983 74,930,739 78,095,128 74,021,845
Expenses
Governmental Activities:
General Government 5,875,221 6,861,389 7,206,740 6,994,718 7,136,366
Public Safety 26,527,572 26,973,652 31,705,030 28,413,351 29,348,673
Public Works 13,344,942 20,166,108 15,888,569 13,759,356 15,167,905
Health and Human Services 691,401 1,126,177 1,013,157 934,016 1,042,797
Culture and recreation 945,661 8,687,753 9,395,932 9,363,655 8,914,798
Transportation 9,633,892 756,552 1,081,675 712,193 1,038,006
Conservation and Development 10,158,963 7,894,395 8,690,720 2,398,993 6,364,471
Unclassified 819,412 1,169,374 875,692 1,149,873 1,310,095
Interest and Fiscal Charges 3,409,132 3,413,132 3,267,500 3,521,757 3,479,436
Total Governmental Activities Expenses 71,406,196 77,048,532 79,125,015 67,247,912 73,802,547
Business-Type Activities:
Transit utility 5,410,888 4,921,115 5,373,317 5,252,110 5,115,027
Water utility 12,757,074 11,472,772 11,119,434 10,863,872 10,466,239
Sewer utility 13,445,130 12,192,891 12,647,065 11,962,807 11,528,889
Storm Water utility 7,275,841 7,486,749 7,184,160 6,911,334 6,375,794
Other 2,661,447 2,371,469 2,951,779 3,075,088 3,454,550
Total Business-Type Activities Expenses 41,550,380 38,444,996 39,275,755 38,065,211 36,940,499
Total Primary Government Expenses 112,956,576 115,493,528 118,400,770 105,313,123 110,743,046
Changes in Net Position
Last Five Years
(accrual basis of accounting)
CITY OF OSHKOSH, WISCONSIN
181
2021 2020 2019 2018 2017
Net (Expense)/Revenue
Governmental Activities (50,407,001)$ (58,437,438)$ (56,833,280)$ (49,556,732)$ (49,556,732)$
Business-Type Activities 10,864,726 10,949,893 13,363,249 12,835,531 12,835,531
Total Primary Government Net Expense (39,542,275) (47,487,545) (43,470,031) (36,721,201) (36,721,201)
General Revenues and Other Changes in Net Position
Governmental Activities:
Taxes:
Property and Other Local Taxes Levied For:
General Purposes 29,982,343 28,259,622 27,149,155 26,088,061 25,568,490
Other Purposes 5,839,480 3,048,593 4,111,868 7,053,820 6,652,124
Debt Service 11,160,200 12,070,600 11,451,100 10,985,500 10,323,676
18,015,015 13,718,267 13,092,274 14,004,464 13,868,473
Change in Net Position
Changes in Net Position (continued)
Last Five Years
(accrual basis of accounting)
State and Federal Aids Not Restricted to Specific Functions
City of Oshkosh, Wisconsin
182
2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
FUND BALANCES
NONSPENDABLE
Inventories and prepaid items 235,147$ 220,529$ 150,934$ 83,851$ 59,300$ 46,778$ 17,259$ 33,723$ 13,477$ 63,560$
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
RESTRICTED
Construction of assets 10,363,853 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
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
Special purposes 7,742,864 7,550,920 2,982,819 5,915,198 4,873,307 6,169,377 5,676,076 3,763,430 3,121,059 2,954,583
Trust agreements 12,200,095 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
COMMITTED
Special purposes 8,317,413 8,068,583 4,541,964 5,000,463 1,171,091 1,786,878 1,948,928 870,296 327,044 199,313
ASSIGNED
Subsequent years 712,583 9,035,291 49,180 161,205 - 1,835 - 44,977 91,977 502,664
Special purposes 8,951,201 - 5,508,363 - - - - - - -
Construction of assets 29,584,724 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
UNASSIGNED
General fund 18,281,841 16,478,392 14,256,427 11,817,119 10,230,445 8,427,707 8,540,127 8,718,502 8,262,154 8,820,427
Debt Service (877,277) - - - - - - - - -
Special revenue funds (142,242) (84,713) (294,067) 1,181,668 (3,636,920)(74,716) (4,637,412) (3,986,743) (2,058,210) (632,057)
Capital project funds (10,336,942) (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)
Total Fund Balances 85,033,260$ 75,167,527$ 68,800,615$ 61,968,886$ 52,263,708$ 44,005,326$ 52,954,373$ 55,879,392$ 55,451,773$ 50,008,773$
CITY OF OSHKOSH, WISCONSIN
Fund Balances, Governmental Funds
Last Ten Years
December 31, 2021
183
2021 2020 2019 2018 2017
Revenues
Taxes 47,092,045$ 43,238,205$ 42,525,650$ 43,928,857$ 42,339,970$
Special assessments 5,146,172 2,397,687 3,790,351 3,408,853 2,819,275
Intergovernmental 22,689,628 21,214,095 19,564,647 22,494,060 19,375,160
Licenses and permits 846,865 813,981 1,020,303 1,010,623 974,230
Fines and forfeits 604,003 555,420 904,250 763,489 799,480
Public charges for services 5,940,274 4,044,615 5,709,092 4,526,077 3,809,875
Intergovernmental charges for services 3,535,484 3,253,866 4,592,204 3,883,174 4,463,334
Miscellaneous 4,106,248 3,475,786 5,038,886 5,052,408 8,555,585
Total Revenues 89,960,719 78,993,655 83,145,383 85,067,541 83,136,909
Expenditures
Current
General government 6,582,541 6,247,669 6,258,147 6,653,597 6,384,666
Public safety 29,833,547 27,893,056 27,093,658 26,608,996 26,171,424
Public works 10,605,143 9,291,262 9,653,026 10,331,819 9,186,637
Transportation 691,401 753,027 749,739 719,561 5,385,542
Health and Human Services 975,653 979,569 948,483 938,160 5,212,069
Culture and recreation 9,106,795 7,685,510 8,066,415 7,670,084 1,631,738
Conservation and development 8,199,702 4,468,846 6,407,743 5,525,721 1,317,316
Unclassified 819,412 1,105,967 871,824 1,079,471 1,251,952
Debt service
Principal 21,193,791 19,665,095 14,994,182 12,017,594 11,497,406
Interest and fiscal charges 3,698,380 3,845,929 3,650,687 3,724,439 3,675,373
Capital outlay 10,779,050 15,790,346 17,580,820 13,239,606 15,898,274
Total Expenditures 102,485,415 97,726,276 96,274,724 88,509,048 87,612,397
Excess of Revenues Over (Under)
Expenditures (12,524,696) (18,732,621) (13,129,341) (3,441,507) (4,475,488)
Other Financing Sources (Uses)
Long-term debt issued 20,330,000 17,715,000 16,000,000 11,440,000 10,965,000
Premium on debt issued 1,359,700 953,237 931,315 328,285 680,834
Proceeds from sale of capital assets 30,729 22,750 27,573 7,000
Transfers in 3,249,418 4,223,485 3,465,539 6,974,789 12,527,625
Transfers out (2,579,418) (2,390,867) (463,357) (5,603,389) (11,563,116)
Total Other Financing Sources (Uses)22,390,429 20,523,605 19,961,070 13,146,685 12,733,870
Net Change in Fund Balance 9,865,733 1,790,984 6,831,729 9,705,178 8,258,382
Fund Balances - January 1, as Restated 75,167,527 73,376,543 61,968,886 52,263,708 44,005,326
Fund Balances - December 31 85,033,260$ 75,167,527$ 68,800,615$ 61,968,886$ 52,263,708$
CITY OF OSHKOSH, WISCONSIN
Changes in Fund Balances, Governmental Funds
Last Five Fiscal Years
184
Fiscal
Year
Assessed
Value
Estimated Actual
Value Assessed
Estimated Actual
Value
Total Assessed
Value
Total Direct
Tax Rate
Estimated Actual
Value
Ratio of Total
Assessed to
Total Estimated
Actual Value
2021 3,903,326,700$ 4,571,938,460 91,964,200$ 107,717,005 3,995,290,900$ 11.6083 4,679,655,465 82.87
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
CITY OF OSHKOSH, WISCONSIN
Assessed and Estimated Actual Value of Taxable Property
Last Ten Fiscal Years
December 31, 2021
Real Property Personal Property
185
Fiscal
Year Operations Debt Total Total
2021 8.241$ 3.368$ 11.609$ 39.4% $ 11.350 38.5% $ 1.089 3.7% $ 5.407 18.4%- - 29.455
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
Fiscal
Year Operations Debt Total Total
2021 31,159,000$ 12,733,500$ 43,892,500$ 111,372,003$
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
31,595,334 6,808,053 19,215,346 637,971
30,451,103 6,786,290 20,169,459 638,536
33,555,438 3,910,234 19,019,113 635,319
33,943,225 3,890,900 19,340,255 636,199
35,051,183 3,962,683 19,253,275 -
35,551,348 3,915,834 19,002,146 640,848
37,213,146 4,128,654 19,744,572 -
35,089,846 4,146,909 19,925,941 -
42,916,637$ 4,119,695$ 20,443,171$ -$
37,784,007 4,207,547 20,192,201 -
Oshkosh Area Public
Schools
Fox Valley Technical
College County of Winnebago State of Wisconsin
City of Oshkosh
CITY OF OSHKOSH, WISCONSIN
Property Tax Rates - Direct and Overlapping Governments
Last Ten Fiscal Years
December 31, 2021
City of Oshkosh
Oshkosh Area Public
Schools
Fox Valley Technical
College County of Winnebago State of Wisconsin
Tax Levies
186
Real Property Percentage of Total
Taxpayer Assessed Valuation (1)Assessed Valuation
Taxpayer Assessed Valuation (1)Assessed Valuation
City of Oshkosh, Wisconsin
Principal Taxpayers
12/31/2021 and 12/31/2011
December 31, 2021
December 31, 2011
187
County Percent of Total
Year Year (1)
City of Oshkosh, Wisconsin
Property Tax Levies And Collections
Last Ten Fiscal Years
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.
188
Fiscal Year
General Compensated
Pension
Liability General Compensate Total Primary
Percentage
of Personal
(1)
(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 $10,233,802 which was split between governmental and business-type activities.
CITY OF OSHKOSH, WISCONSIN
Outstanding Debt by Type
Last Ten Fiscal Years
December 31, 2021
Governmental Activities Business-Type Activities
189
Fiscal Year Population Equalized Value Debt Total Value Per Capita
Long-Term Debt
CITY OF OSHKOSH, WISCONSIN
Ratios of Net General Bonded Debt Outstanding
Last Ten Fiscal Years
December 31, 2021
Net General
190
Percent Amount
Direct Debt:
City purpose 121,979,315$
Less Sanitary Sewer purpose (3,595,000)
Less Storm Water purpose (3,160,000)
Less Water Utility purpose (2,385,000)
Less TIF purpose (10,009,988)
Net City Purpose 102,829,327$ 100.0000%102,829,327$
Total Net Direct Debt 102,829,327
Overlapping Debt
Oshkosh Area Public School District 113,345,000 72.8000%82,515,160
Fox Valley Technical College 72,675,000 10.0440%7,299,477
Winnebago County 33,944,857 29.8200%10,122,356
Total Overlapping Debt 99,936,993
202,766,320$
CITY OF OSHKOSH, WISCONSIN
Direct and Overlapping Governmental Activities Debt
December 31, 2021
TOTAL DEBT
Applicable to City
191
2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Equalized Value 4,821,112,500$ 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$
Debt limitation - 5% of equalized value 241,055,625 223,012,205 210,579,775 203,684,130 196,588,910 188,811,265 187,182,250 187,441,380 187,963,475 188,130,055
Debt applicable to limitation
Total outstanding general obligation debt 121,979,315 125,376,821 130,216,915 132,788,606 136,799,914 138,876,319 145,410,531 147,228,958 141,394,927 137,859,252
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) Less: Other funds available for debt
retirement - -- - - - - - (1,631,854) -
% Of Change
CITY OF OSHKOSH, WISCONSIN
Legal Debt Margin Information
Last Ten Fiscal Years
December 31, 2021
192
Fiscal Utility Service
(1)
Less: Operating
(2)
Net Revenue
Available for Debt
Principal Interest
Revenue
Fiscal Utility Service
(1)
Less: Operating
(2)
Net Revenue
Available for Debt
Principal Interest
Revenue
Fiscal Utility Service
(1)
Less: Operating
(2)
Net Revenue
Available for Debt
Principal Interest
Revenue
Includes total operating expenses less: depreciation, bond issue expense and interest expense.
CITY OF OSHKOSH, WISCONSIN
Pledged-Revenue Coverage
Last Ten Fiscal Years
December 31, 2021
Water Revenue Bonds
Debt Service
Sewer Revenue Bonds
Debt Service
Storm Water Revenue Bonds
Debt Service
Includes total operating revenues and investment income.
193
Total
Personal Per Capita Median School Unemployment
Year (1)Income (2)Income (3)Age (3)Enrollment (4)Rate (5)
2021 67,610 2,329,164,500 $34,450 34.3 9,191 2.9%
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%
Source:
(1) U.S. Census Bureau - WI Dept of Adminstration
(2) Computation of per capita personal income multiplied by population
(3) U.S. Census Bureau, http://www.census.gov/
(4) WI Department of Public Instruction, https://dpi.wi.gov/wisedash
(5) Wisconsin Department of Workforce Development Website: worknet.wisconsin.gov
N/A = Not Available at time of publication
City of Oshkosh, Wisconsin
Demographic and Economic Statistics
Last Ten Years
December 31, 2021
194
2011
Percentage of Oshkosh
Total City Financial
Employees Employment Report
Manufacturing
Oshkosh Corporation 3,100 8.80%4,500
Amcor (all Oshkosh locations)2,516 7.14%2,325
Silver Star Brands Inc. / Miles Kimball Co.650 1.84%650
Hoffmaster, A Solo Cup Company,440 1.25%481
(Scott Worldwide Food Service)
Muza Metal Products 250 0.71%225
Lapham-Hickey Steel 256 0.73%285
Non-Manufacturing
Aurora Medical Center & Aurora Group 1,036 2.94%905
U S Bank (Firstar)1,144 3.25%675
4imprint (Nelson Marketing)819 2.32%456
Ascension Health 539 1.53%606
Oshkosh Community YMCA 200 0.57%-
Miravida Living 275 0.78%394
Wal-Mart 318 0.90%318
Clarity Care (Residential Care RCDD)420 1.19%326
United Parcel Service 200 0.57%-
Government
University of WI - Oshkosh 1,288 3.66%1,483
Oshkosh Area School District 1,290 3.66%1,388
Winnebago County 1,046 2.97%996
Winnebago Mental Health Institute 625 1.77%527
City of Oshkosh Full-Time 569 1.61%634
Oshkosh Correctional Institution 502 1.42%519
CESA6 200 0.57%200
Oshkosh's Labor Force Estimates **35,239
**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.
http://www.oshkoshchamber.com/business-resources/statistics/employment-statistics
CITY OF OSHKOSH, WISCONSIN
Principal Employers*
Current Year and Ten Years Ago
December 31, 2021
2021
195
2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
General Fund
General Government
Manager 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00
Attorney 4.00 3.65 4.00 4.00 3.00 3.00 3.00 3.00 3.00 3.00
Human Resources 6.00 6.00 6.00 6.00 5.00 5.00 6.00 6.00 6.00 6.00
Clerk 4.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Finance 14.00 16.00 15.28 15.28 14.80 14.80 12.80 12.00 12.00 12.00
Purchasing 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
I T / Central Services 10.00 7.40 7.40 7.40 7.40 7.40 7.40 7.40 7.40 7.40
Facilities Maint.6.00 5.80 5.80 5.80 5.80 5.80 5.80 5.00 5.00 5.00
Media Services 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Public Safety
Safety - - - - - - 1.00 1.00 1.00 1.00
Police 127.00 131.36 129.00 128.49 127.49 127.49 115.00 115.00 114.00 116.00
Fire 117.00 109.00 108.00 108.00 108.00 108.00 108.00 107.00 107.00 108.00
Public Works
Public Works Admin.3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Engineers 13.00 12.80 11.70 11.70 11.70 11.70 11.70 11.00 12.00 12.00
Streets 25.00 29.00 29.00 29.00 29.00 29.00 29.00 29.00 29.00 29.00
Central Garage 11.00 10.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00
Garbage - - - - - - - 8.00 8.00 9.25
Parks
Parks 16.00 15.87 16.00 15.91 14.89 14.89 14.89 14.89 15.64 15.64
Forestry 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00
Community Development
Assessor 5.00 5.80 5.80 5.80 5.80 5.80 5.80 5.00 5.00 6.00
Economic Development 6.00 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 9.00 8.50 8.50 7.50 9.90
Inspection Services 8.25 7.74 7.62 7.62 7.50 7.50 7.50 7.50 7.50 10.50
Weights and Measures 1.00 1.30 1.50 1.50 1.50 1.50 - - - -
Healthy Neighborhood Initiative 0.75 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
Sign 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00
Administrative Services
Safety & Worker Compensation 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
Special Revenue Funds
Parks
Cemetery 3.75 3.64 3.64 3.64 3.64 3.64 3.00 3.00 3.00 3.00
Senior Services 6.25 7.07 7.18 7.18 7.18 7.18 5.00 5.00 5.00 5.00
Parks Revenue Facilities 0.50 0.36 0.49 0.49 0.36 0.36 0.36 0.36 0.36 0.36
Public Works
Garbage 9.00 7.50 7.50 7.50 7.50 7.50 8.00
Recycling 5.00 4.50 4.50 4.50 4.50 4.50 5.00 5.00 5.00 5.00
Other
Library 38.50 39.30 38.65 38.65 37.68 37.68 38.58 40.25 40.25 40.25
Museum 12.00 12.55 11.00 11.00 11.43 11.43 10.00 10.00 10.00 10.00
Enterprise Funds
Convention Center 1.00 1.00 1.00 1.00 1.00 1.00 - - - -
Golf Course - - - - 2.00 2.00 2.00 2.00 2.00 2.00
Transit Utility 35.00 31.85 32.00 32.00 32.00 32.00 29.00 28.00 28.00 28.00
Parking Utility 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
Water Utility 44.00 38.02 38.02 35.02 35.02 35.02 34.93 34.93 35.05 35.05
Sewer Utility 26.00 36.92 33.02 33.02 33.02 - 32.68 32.68 33.70 33.70
Storm Utility 14.00 14.17 14.17 10.86 10.85 10.85 10.50 10.50 10.50 10.50
Total Full-time Equivalent 602.00 600.48 588.15 581.24 577.94 544.92 555.24 551.81 550.90 558.55
Source: City of Oshkosh Finance Department - Annual Budget
CITY OF OSHKOSH, WISCONSIN
Full-time Equivalent City Government Employees by Function/Program
Last Ten Fiscal Years
December 31, 2021
196
2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Police
Stations 1 1 1 1 1 1 1 1 1 1
Community Policing Offices 1 1 1 mobile 1 mobile 1 mobile 1 mobile I mobile I mobile 0 0
Patrol Units 30 30 30 30 29 29 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)266.14 266.14 266.14 265.33 260.87 260.05 259.35 258.45 263.05 261.72
Street Lights 1,610 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 68 67 62 **
Parks and Recreation
Acreage 417 417 416 415 448 445 440 440 440 440
Playgrounds 19 19 19 19 19 19 19 17 17 17
Baseball/softball diamonds 18 18 19 19 19 19 19 18 18 18
Water
Watermains (miles)298.37 300.00 300.00 299.04 297.41 313.00 296.09 295.66 294.09 294.73
Average Daily Pumpage (Million Gallons per day)6.211 5.810 5.960 5.980 5.95 5.790 6.170 6.849 6.160 6.422
Wastewater
Sanitary sewers (miles)267.4 267.3 266.51 266.03 266.08 266.50 266.21 266.35 267.04 268.50
Storm sewers (miles)274.4 272.7 270.97 260.35 255.02 256.70 251.97 246.69 **
Transit
Buses 16 16 16 16 16 16 16 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, 2021
197
2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Police
Physical arrests 3,514 2,874 3,518 3,675 1,652 2,646 3,854 4,606 5,162 5,727
Traffic Enforcement Citations 4,501 3,539 6,564 7,077 8,207 7,175 4,720 7,799 7,846 8,919
Reportable Accidents 1,229 962 1,316 1,370 1,453 1,464 1,434 1,243 1,403 1,453
Fire
Emergency responses 8,121 8,872 7,480 8,678 7,283 8,591 8,018 8,087 7,625 7,502
Fire responses 125 1,180 104 124 132 113 130 107 114 121
Other 1,305 1,287 1,167 1,475 1,117 844 901 879 783
Refuse Collection
Refuse collected (average tons per day)57.82 57.02 53.74 52.83 52.94 51.85 50.42 49.86 49.30 49.23
Refuse collected total tons per year 15,034.32 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
Comingled recyclable containers (tons)- 4,421 4,353 4,262 4,317 4,526
Mixed paper and comingled recyclables (tons)4,193.96 4,293.35 4,177.21 4,257.00 4,327.65
Other Public Works
New street pavement (miles)0.25 0.00 0.21 0.33 - 1.01 0.00 0.00 0.16 0.00
Street resurfacing (miles)2.15 2.19 2.27 2.73 3.50 2.89 2.25 1.38 2.89 4.89
Inspection
Commercial construction - units 485 120 9 8 325 71 248 136 30 6
Commercial construction (thousands of dollars)41,674,417 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
Residential construction - units 96 63 35 30 39 25 27 21 21 22
Residential construction (thousands of dollars)17,540,614 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
Water
New construction (miles)0 0 2.41 4.02 4.91 3.43 2.62 2.78 2.54 4.01
Water main leaks 75 68 78 110 87 68 77 124 73 77
Average number of residential customers 21,090 20,809 20,948 20,823 20,585 20,569 21,441 21,268 22,110 20,815
Average annual usage per residential customer, (gallons)33,412 34,694 35,000 34,810 35,047 35,774 34,982 35,651 37,198 40,123
Transit
Total route miles 541,003 539,128 546,190 544,929 538,967 483,085 483,492 481,997 486,540 473,615
Passengers (includes paratransit)607,527 464,957 818,919 943,195 980,057 995,697 990,431 1,000,778 1,007,785 1,089,681
Sources: various city departments
Notes:
Police Statistics
Reportable - Anything that gets reported to the State
1) Damage to property is over $1,000
2) Report of an injury or a complaint about an injury
3) Gov't property damage over $250.00 (ex - a light pole)
*Data Not Available
CITY OF OSHKOSH, WISCONSIN
Operating Indicators by Function/Program
Last Ten Fiscal Years
December 31, 2021
198
2011 Estimate
2012 Estimate
2013 Estimate
2014 Estimate
2015 Estimate
2016 Estimate
2017 Estimate 66,636
2018 Estimate 66,945
2019 Estimate 67,201
2020 Estimate 67,408
2021 Estimate 67,610
Year No. Value No. Value
(3)
(4)
(4)
UTILITY CUSTOMERS AT YEAR END - CITY OF OSHKOSH
66,327
66,717
BUILDING PERMITS (2)
CITY OF OSHKOSH, WISCONSIN
December 31, 2021
66,778
66,653
66,325
66,083
POPULATION - CITY OF OSHKOSH (1)
ECONOMICS
199
YEAR TOTAL UNITS SINGLE FAMILY TWO FAMILY FAMILY
2016 128 15 10 103
2017 364 31 8 325
2018 38 30 0 8
2019 35 32 0 3
2020 183 49 14 120
2021 581 72 24 485
CITY OF OSHKOSH, WISCONSIN
NEW DWELLING UNITS CONSTRUCTED
2003-2021
200
First 1,000 CU FT $5.12 per 100 CU. FT.
Next 2,300 CU FT 4.90 per 100 CU. FT.
Next 63,300 CU FT 4.55 per 100 CU. FT.
Over 66,600 CU FT 4.26 per 100 CU. FT.
Meter Size Meter Size
Billings Usage (00's)
Minimum Monthly Charge
CITY OF OSHKOSH, WISCONSIN
UTILITY RATE INFORMATION
December 31, 2021
WATER UTILITY RATES
Monthly Volume Charge
100 Cubic Feet (CU FT) = 748 Gallons
Top Ten Users / Customers
201
CITY OF OSHKOSH, WISCONSIN
UTILITY RATE INFORMATION
December 31, 2021
per 100 CU FT $5.61 $5.00
Unmetered Customers:
$37.52
Billings Usage (00's)
Fixed Monthly Charge
Top Ten Users / Customers
SEWER UTILITY RATES
Monthly Volume Charge
100 Cubic Feet (CU FT) = 748 Gallons Special Charges:
Meter Reading & Billing Charge
for non-sewer deduct meters,
per billing period.
Fixed Monthly Charge
(based on 5 CCF/month)
202
CITY OF OSHKOSH, WISCONSIN
UTILITY RATE INFORMATION
December 31, 2021
Billings ERU'S
STORM WATER UTILITY RATES
Top Ten Users / Customers
203
2018 Actuals 2019 Actuals 2020 Original
2020 2021 Change from % of
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) (16,726,600) (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) (2,966,000) (220,550) -7.78%
48 - INTERNAL SERV CHRG (4,294,492) (5,004,217) (4,182,500) (4,073,700) (3,295,300) (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%
(46,128,695) (48,579,528) (47,836,550) (46,956,200) (48,863,500) 929,250 1.94%
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 5,390,400 (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%
44,418,283 46,173,424 47,824,250 46,811,760 48,710,800 (941,550) 1.97%
(1,710,412) (2,406,104) (12,300) (144,440) (152,700) (12,300) -100.00%
2021 General Fund Revenue Budget by Function
CITY OF OSHKOSH, WISCONSIN
204
Function
2021
Adopted
Budget
2021
Revised
Budget
2021
Actuals
01 - GENERAL GOVERNMENT 6,441,200 6,755,200 6,558,220
61 - DIRECT LABOR 3,010,400 3,084,000 3,072,326
63 - PAYROLL BENEFITS 1,084,000 1,095,900 1,068,715
64 - CONTRACTUAL SERVICES 2,034,500 2,076,950 2,129,873
65 - MATERIAL & SUPPLIES 192,400 196,450 161,689
72 - CAPITAL OUTLAY 119,900 301,900 105,617
74 - OTHER FINANCING USES - - 20,000
02 - PUBLIC SAFETY 29,195,800 29,700,602 29,257,130
61 - DIRECT LABOR 19,525,700 19,857,200 19,685,891
63 - PAYROLL BENEFITS 6,917,700 6,991,700 6,818,633
64 - CONTRACTUAL SERVICES 2,157,900 2,203,457 2,156,563
65 - MATERIAL & SUPPLIES 393,500 447,245 415,671
72 - CAPITAL OUTLAY 201,000 201,000 180,373
03 - PUBLIC WORKS 6,194,900 6,286,900 5,742,444
61 - DIRECT LABOR 3,153,400 3,233,400 2,973,716
63 - PAYROLL BENEFITS 1,200,900 1,212,900 1,109,104
64 - CONTRACTUAL SERVICES 396,200 396,200 349,453
65 - MATERIAL & SUPPLIES 1,444,400 1,444,400 1,310,171
04 - TRANSPORTATION 797,000 810,100 800,554
61 - DIRECT LABOR 446,300 457,500 458,502
63 - PAYROLL BENEFITS 158,200 160,100 170,520
64 - CONTRACTUAL SERVICES 72,900 72,900 68,910
65 - MATERIAL & SUPPLIES 109,600 109,600 99,878
72 - CAPITAL OUTLAY 10,000 10,000 2,745
06 - CULTURE & RECREATION 2,303,900 2,340,900 2,287,172
61 - DIRECT LABOR 1,286,200 1,312,300 1,320,053
63 - PAYROLL BENEFITS 443,900 448,700 430,828
64 - CONTRACTUAL SERVICES 343,200 343,200 338,403
65 - MATERIAL & SUPPLIES 230,600 236,700 197,888
07 - CONSERVATION & DEVELOPMENT 1,949,600 1,986,400 1,833,714
61 - DIRECT LABOR 1,278,200 1,310,100 1,249,933
63 - PAYROLL BENEFITS 403,300 408,200 364,891
64 - CONTRACTUAL SERVICES 254,400 254,400 209,108
65 - MATERIAL & SUPPLIES 13,700 13,700 9,782
08 - UNCLASSIFIED 903,400 237,007 1,373,618
61 - DIRECT LABOR 450,000 450,000 663,634
63 - PAYROLL BENEFITS 47,500 47,500 62,507
64 - CONTRACTUAL SERVICES 248,800 222,807 125,659
65 - MATERIAL & SUPPLIES 7,100 7,100 6,418
74 - OTHER FINANCING USES 150,000 (490,400) 515,400
40 - DEBT SERVICE 18,259,800 18,259,800 34,057,947
64 - CONTRACTUAL SERVICES - - 15
67 - DEBT SERVICE 18,259,800 18,259,800 16,941,088
74 - OTHER FINANCING USES - - 17,116,844
Grand Total 66,045,600 66,376,908 81,910,800
CITY OF OSHKOSH, WISCONSIN
2021 Operating Expenditure Budget by Function
205
PER $1,000 2021 2020 INCREASE
OF TAXES TAX RATE TAX RATE (DECREASE)
State 0.000%-$ -$ -$
County 18.355%5.406 5.284 0.122
City Tax 39.412% 11.608 10.903 0.705
Area Schools 38.536% 11.350 9.959 1.391
Area Vocational 3.697%1.089 1.105 (0.016)
100.000% 29.453 27.251 2.202
State Credit 1.659 1.719 (0.060)
27.794$ 25.532$ 2.262$
CITY OF OSHKOSH
2022 LEVY - 2021 TAX RATE
State
0.000%
County
18.355%
City Tax
39.412%
Area Schools
38.536%
Area Vocational
3.697%
206
2022 2021 INCREASE
SOURCE OF FUNDS AMOUNT PERCENT PERCENT (DECREASE)
GENERAL REVENUES 51,587,300 53.47%50.45%3.02%
INTERGOV REVENUES 24,574,500 25.47%25.19%0.28%
LICENSES AND PERMITS 1,943,500 2.01%2.02%-0.01%
FINES & FORFEITURES 867,300 0.90%0.97%-0.07%
CHARGES FOR SERVICES 4,191,500 4.34%4.12%0.22%
PUBLIC LIBRARY 224,000 0.23%0.24%-0.01%
INTERNAL SERVICE CHARGES 4,794,400 4.97%4.47%0.50%
MISC REVENUES 4,695,800 4.87%5.01%-0.14%
OTHER FINANCING SOURCES 3,497,100 3.62%7.49%-3.87%
SALE OF CAPITAL ASSETS 107,800 0.11%0.04%0.07%
96,483,200$ 100.00%100.00%
CITY OF OSHKOSH, WISCONSIN
2022 BUDGET SOURCE OF FUNDS - REVEUNES
GENERAL REVENUES
53%
INTERGOV REVENUES
26%
LICENSES AND PERMITS
2%
FINES &
FORFEITURES…
CHARGES FOR SERVICES
4%PUBLIC LIBRARY
<1%
INTERNAL SERVICE
CHARGES
5%
MISC REVENUES
5%
OTHER FINANCING
SOURCES
4%
SALE OF CAPITAL ASSETS
<1%
207
2022 2021 INCREASE
USE OF FUNDS AMOUNT PERCENT PERCENT (DECREASE)
01 - GENERAL GOVERNMENT 7,012,500 11.22%9.75%1.47%
02 - PUBLIC SAFETY 30,624,500 48.99%44.21%4.78%
03 - PUBLIC WORKS 5,317,100 8.51%9.38%-0.87%
04 - TRANSPORTATION 848,100 1.36%1.21%0.15%
06 - CULTURE & RECREATION 2,495,400 3.99%3.49%0.50%
07 - CONSERVATION & DEVELOPMENT 2,006,800 3.21%2.95%0.26%
08 - UNCLASSIFIED 1,469,700 2.35%1.37%0.98%
40 - DEBT SERVICE 12,741,700 20.38%27.65%-7.27%
62,515,800 100.00%100.00%
CITY OF OSHKOSH, WISCONSIN
2022 BUDGET USE OF FUNDS - EXPENDITURES
01 - GENERAL
GOVERNMENT
11.22%
02 - PUBLIC SAFETY
48.99%03 - PUBLIC WORKS
8.51%
04 - TRANSPORTATION
1.36%
06 - CULTURE &
RECREATION
3.99%
07 - CONSERVATION &
DEVELOPMENT
3.21%
08 - UNCLASSIFIED
2.35%
40 - DEBT SERVICE
20.38%
208
AMOUNT PERCENT
61 - DIRECT LABOR 30,544,000 48.5359%
63 - PAYROLL BENEFITS 10,431,400 16.5760%
64 - CONTRACTUAL SERVICES 5,934,200 9.4297%
65 - MATERIAL & SUPPLIES 2,817,100 4.4765%
67 - DEBT SERVICE 12,741,700 20.2472%
72 - CAPITAL OUTLAY 262,400 0.4170%
74 - OTHER FINANCING USES 200,000 0.3178%
62,930,800$ 100.0000%
CITY OF OSHKOSH, WISCONSIN
2022 BUDGET - USE OF FUNDS BY FUNCTION
61 - DIRECT LABOR
48.54%
63 - PAYROLL
BENEFITS
16.58%
64 - CONTRACTUAL
SERVICES
9.43%
65 - MATERIAL &
SUPPLIES
4.48%
67 - DEBT SERVICE
20.25%
72 - CAPITAL
OUTLAY
0.42%74 - OTHER
FINANCING USES
0.32%
209
ADDITIONAL REPORT
210
Independent Auditors’ Report on Internal Control Over Financial Reporting and on Compliance
and Other Matters Based on an Audit of Financial Statements Performed in Accordance With
Government Auditing Standards
To the Common Council
City of 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 City of Oshkosh, Wisconsin, (City) as of and for the year ended December 31, 2021, and the related notes to the
financial statements, which collectively comprise the City’s basic financial statements, and have issued our report
thereon dated September 12, 2022.
Report on Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered City of Oshkosh, Wisconsin’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 City of Oshkosh, Wisconsin’s internal control.
Accordingly, we do not express an opinion on the effectiveness of City of Oshkosh, Wisconsin’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 entity’s financial statements
will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a
combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough
to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section
and was not designed to identify all deficiencies in internal control that might be material weaknesses or,
significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal
control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies
may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether City of Oshkosh, Wisconsin’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.
211
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.
KerberRose SC
KerberRose SC
Certified Public Accountants
Appleton, Wisconsin
September 12, 2022
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