Fremont

Overview


Socioeconomic Data
Population 232,206
Employment 112,253
Unemployment Rate 3.7%  (101 of 116)
Zillow Home Value Index $867,700  (2 of 116)
Government-Wide Revenues and Expenses
General Revenues $182,292,577
Capital Grants and Contributions $12,098,975
Charges For Services $44,610,444
Operating Grants and Contributions $14,033,697
Total Revenues $253,035,693
Total Expenditures $217,901,111
Change in Net Assets $35,134,582
Actuarially Determined Pension Contributions $26,208,859
Pension Contributions Actually Made $26,208,859
Government-Wide Position
Current Assets $281,722,163
Total Assets $1,186,756,609
Current Liabilities $42,864,818
Long Term Debt $223,966,295
Total Net Position $634,527,822
Unrestricted Net Position ($230,307,996)

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
FUND BALANCE AT END OF YEAR $  41,247,695 $  194,081,364 $  235,329,059
Surplus/(deficit) 23,484,848 (17,098,616) 6,386,232
Revenues
Total Revenues $  156,298,774 $  83,352,249 $  239,651,023
Property taxes 75,028,000 4,583,885 79,611,885
Charges for services 8,796,513 38,751,069 47,547,582
Sales and Use Tax 40,743,875 0 40,743,875
Intergovernmental revenues 1,046,139 24,940,055 25,986,194
Miscellaneous Gains 9,390,474 6,966,643 16,357,117
Business taxes 9,420,130 0 9,420,130
Other Revenues 2,517,760 6,901,430 9,419,190
Other Taxes 8,939,844 0 8,939,844
Investment income 416,039 1,209,167 1,625,206
Expenditures
Total Expenditures $  132,813,926 $  100,450,865 $  233,264,791
Miscellaneous 19,897,835 46,780,416 66,678,251
Police 60,121,890 855,119 60,977,009
Fire 37,063,504 60,459 37,123,963
Health and Human Services 0 0 31,806,000
Community development 1,230,461 17,802,701 19,033,162
Capital Outlay 270,413 17,486,416 17,756,829
General government 13,687,288 0 13,687,288
Culture, parks and recreation 0 7,847,547 7,847,547
Principal 0 6,105,000 6,105,000
Interest 542,535 3,513,207 4,055,742

Metrics


General Fund Balance Ratio 31.06%  (32 of 116)
Debt to Revenue Ratio 88.51%  (97 of 116)
Pension ADC to Revenue Ratio 10.36%  (12 of 116)
Annual Change in Home Prices 16.38%  (7 of 116)
Annual Change in Unemployment Rate (0.8%)  (54 of 116)
Fiscal Health Score 87  (12 of 116)
Implied Credit Rating AAA