Garland

Overview


Socioeconomic Data
Population 236,897
Employment 115,765
Unemployment Rate 4.2%  (87 of 116)
Zillow Home Value Index $180,900  (61 of 116)
Government-Wide Revenues and Expenses
General Revenues $118,338,328
Capital Grants and Contributions $4,374,021
Charges For Services $508,477,260
Operating Grants and Contributions $14,640,650
Total Revenues $645,830,259
Total Expenditures $630,210,205
Change in Net Assets $15,620,054
Actuarially Determined Pension Contributions $14,703,510
Pension Contributions Actually Made $14,703,510
Government-Wide Position
Current Assets $740,300,448
Total Assets $1,929,919,389
Current Liabilities $85,322,524
Long Term Debt $1,026,806,462
Total Net Position $159,969,197
Unrestricted Net Position $11,717,842

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
FUND BALANCE AT END OF YEAR $  25,744,782 $  66,915,206 $  92,659,988
Surplus/(deficit) (33,855,842) (11,401,333) (45,257,175)
Revenues
Total Revenues $  119,596,892 $  51,341,145 $  170,938,037
Taxes 67,837,856 34,319,250 102,157,106
Miscellaneous Gains 30,872,607 2,343,942 33,216,549
Intergovernmental revenues 722,230 12,970,337 13,692,567
Charges for services 8,576,934 0 8,576,934
Fines and Fees 6,608,238 0 6,608,238
Licenses and permits 3,860,441 0 3,860,441
Other Revenues 0 1,358,754 1,358,754
Rental Income 829,410 0 829,410
Investment income 289,176 318,015 607,191
Contributions 0 30,847 30,847
Expenditures
Total Expenditures $  153,452,734 $  62,742,478 $  216,195,212
Public safety 81,633,191 0 81,633,191
Public works 77,565,000 0 0
Miscellaneous 23,629,265 15,041,345 38,670,610
Public works 20,656,938 0 20,656,938
Principal 0 19,810,813 19,810,813
Capital Outlay 0 18,359,468 18,359,468
Culture, parks and recreation 13,573,292 0 13,573,292
General government 10,196,396 138,687 10,335,083
Interest 0 9,078,192 9,078,192
Health and welfare 3,763,652 0 3,763,652
Issuance Cost 0 313,973 313,973

Metrics


General Fund Balance Ratio 16.78%  (93 of 116)
Debt to Revenue Ratio 158.99%  (55 of 116)
Pension ADC to Revenue Ratio 2.28%  (107 of 116)
Annual Change in Home Prices 13.13%  (13 of 116)
Annual Change in Unemployment Rate (1.2%)  (83 of 116)
Fiscal Health Score 60  (83 of 116)
Implied Credit Rating AA-