Gilbert

Overview


Socioeconomic Data
Population 247,542
Employment 123,692
Unemployment Rate 4.2%  (87 of 116)
Zillow Home Value Index $278,200  (31 of 116)
Government-Wide Revenues and Expenses
General Revenues $147,107,986
Capital Grants and Contributions $66,230,158
Charges For Services $98,109,745
Operating Grants and Contributions $24,170,883
Total Revenues $335,618,772
Total Expenditures $285,150,369
Change in Net Assets $50,468,403
Actuarially Determined Pension Contributions $10,534,223
Pension Contributions Actually Made $10,534,223
Government-Wide Position
Current Assets $629,626,314
Total Assets $2,062,525,284
Current Liabilities $34,649,552
Long Term Debt $431,346,289
Total Net Position $801,721,748
Unrestricted Net Position $30,275,950

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
FUND BALANCE AT END OF YEAR $  108,573,338 $  95,320,247 $  203,893,585
Surplus/(deficit) 12,160,395 (33,366,813) (21,206,418)
Revenues
Total Revenues $  140,857,569 $  74,374,712 $  215,232,281
Intergovernmental revenues 47,052,108 29,231,858 76,283,966
Sales and Use Tax 71,793,671 0 71,793,671
Property taxes 0 21,952,969 21,952,969
Miscellaneous Gains 0 19,218,026 19,218,026
Charges for services 9,333,868 1,105,843 10,439,711
Licenses and permits 4,790,601 0 4,790,601
Fines and Fees 3,847,669 628,459 4,476,128
Franchise taxes 2,737,303 0 2,737,303
Investment income 493,751 716,426 1,210,177
Special assessments 0 1,184,368 1,184,368
Other Revenues 739,596 213,208 952,804
Donations 69,002 123,555 192,557
Expenditures
Total Expenditures $  128,697,174 $  107,741,525 $  236,438,699
Police 41,277,759 1,806,452 43,084,211
Principal 0 23,750,000 23,750,000
Interest 0 13,107,817 13,107,817
Public Ways, Highways and Streets 0 12,478,296 12,478,296
Miscellaneous 4,723,350 473,820 5,197,170
Issuance Cost 0 469,117 469,117
Other Debt Service 0 46,783 46,783
General government 215,571,000 0 0
Capital Outlay 6,100,083 52,748,531 58,848,614
General government 30,684,994 1,304,555 31,989,549
Fire 25,502,853 127,915 25,630,768
Culture, parks and recreation 20,408,135 1,428,239 21,836,374

Metrics


General Fund Balance Ratio 84.36%  (2 of 116)
Debt to Revenue Ratio 128.52%  (76 of 116)
Pension ADC to Revenue Ratio 3.14%  (97 of 116)
Annual Change in Home Prices 5.30%  (72 of 116)
Annual Change in Unemployment Rate (0.5%)  (30 of 116)
Fiscal Health Score 85  (17 of 116)
Implied Credit Rating AAA