Chesapeake

Overview


Socioeconomic Data
Population 235,429
Employment 111,295
Unemployment Rate 4.5%  (76 of 116)
Zillow Home Value Index $244,800  (38 of 116)
Government-Wide Revenues and Expenses
General Revenues $469,552,916
Capital Grants and Contributions $15,230,248
Charges For Services $126,908,710
Operating Grants and Contributions $96,054,481
Total Revenues $707,746,355
Total Expenditures $628,509,778
Change in Net Assets $79,236,577
Actuarially Determined Pension Contributions $57,340,263
Pension Contributions Actually Made $57,340,263
Government-Wide Position
Current Assets $625,163,558
Total Assets $2,443,528,098
Current Liabilities $43,859,880
Long Term Debt $787,273,708
Total Net Position $934,306,758
Unrestricted Net Position $100,085,810

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
Surplus(deficit) $  78,434,745 $  (74,126,432) $  4,308,313
Revenues
Total Revenues $  524,029,581 $  71,755,667 $  595,785,248
Property taxes 293,884,026 9,892,705 303,776,731
Other Taxes 117,949,749 8,584,642 126,534,391
Local Taxes 117,949,749 8,584,642 126,534,391
Intergovernmental revenues 87,312,216 37,334,708 124,646,924
Charges for services 11,106,901 8,352,155 19,459,056
Licenses and permits 8,744,557 0 8,744,557
Other Revenues 220,967 2,859,097 3,080,064
Other Aids 792,393 2,136,691 2,929,084
Fines and Fees 2,585,943 0 2,585,943
Other 0 1,617,834 1,617,834
Investment income 830,325 703,569 1,533,894
Use of money and property 602,504 274,266 876,770
FUND BALANCE AT END OF YEAR $  158,890,651 $  171,908,284 $  330,798,935
Expenditures
Total Expenditures $  445,594,836 $  145,882,099 $  591,476,935
Education 184,457,843 0 184,457,843
General government 100,918,833 11,102,995 112,021,828
Public safety 86,056,385 8,411,397 94,467,782
Public works 60,880,687 0 60,880,687
Debt Service 2,224,500 53,223,098 55,447,598
Capital Outlay 1,370,181 28,385,626 29,755,807
Culture, parks and recreation 9,686,407 81,260 9,767,667
Health and Human Services 17,423,000 0 0
Health and welfare 0 44,677,723 44,677,723

Metrics


General Fund Balance Ratio 35.66%  (23 of 116)
Debt to Revenue Ratio 111.24%  (85 of 116)
Pension ADC to Revenue Ratio 8.10%  (26 of 116)
Annual Change in Home Prices 2.99%  (95 of 116)
Annual Change in Unemployment Rate (0.8%)  (55 of 116)
Fiscal Health Score 86  (15 of 116)
Implied Credit Rating AAA