Laredo

Overview


Socioeconomic Data
Population 255,473
Employment 102,375
Unemployment Rate 4.3%  (81 of 116)
Zillow Home Value Index $114,400  (96 of 116)
Government-Wide Revenues and Expenses
General Revenues $136,244,052
Capital Grants and Contributions $41,608,011
Charges For Services $244,837,292
Operating Grants and Contributions $26,882,316
Total Revenues $449,571,671
Total Expenditures $433,264,561
Change in Net Assets $16,307,110
Actuarially Determined Pension Contributions $25,635,542
Pension Contributions Actually Made $25,635,542
Government-Wide Position
Current Assets $356,135,151
Total Assets $1,753,202,067
Current Liabilities $85,692,944
Long Term Debt $821,567,761
Total Net Position $423,446,106
Unrestricted Net Position ($103,494,138)

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
FUND BALANCE AT END OF YEAR $  44,148,794 $  117,301,676 $  161,450,470
Surplus/(deficit) 3,942,679 (40,320,557) (36,377,878)
Revenues
Contributions $  22,719,324 $  231,310 $  22,950,634
Rental Income 0 8,506,613 8,506,613
Total Revenues 639,381,000 0 0
Total Revenues 182,957,979 93,004,811 275,962,790
Taxes 90,579,673 28,835,241 119,414,914
Charges for services 46,174,319 10,587,037 56,761,356
Intergovernmental revenues 963,076 34,636,747 35,599,823
Licenses and permits 9,047,461 742,057 9,789,518
Miscellaneous Gains 7,588,828 1,847,804 9,436,632
Fines and Fees 4,446,428 4,757,356 9,203,784
Other Revenues 395,642 2,477,480 2,873,122
Interest income 1,043,228 383,166 1,426,394
Expenditures
Total Expenditures $  179,015,300 $  133,325,368 $  312,340,668
Public safety 110,182,155 9,576,238 119,758,393
Capital Outlay 23,188,472 29,205,722 52,394,194
Principal 0 39,178,502 39,178,502
Culture, parks and recreation 16,116,735 10,939,500 27,056,235
Health and welfare 510,518 23,629,282 24,139,800
General government 22,935,953 682,080 23,618,033
Public works 5,669,633 3,588,186 9,257,819
Interest 411,834 8,685,558 9,097,392
Miscellaneous 0 6,467,036 6,467,036
Other Debt Service 0 1,373,264 1,373,264

Metrics


General Fund Balance Ratio 24.66%  (55 of 116)
Debt to Revenue Ratio 182.75%  (39 of 116)
Pension ADC to Revenue Ratio 5.70%  (54 of 116)
Annual Change in Home Prices -0.09%  (111 of 116)
Annual Change in Unemployment Rate (0.5%)  (28 of 116)
Fiscal Health Score 63  (74 of 116)
Implied Credit Rating AA