Lubbock

Overview


Socioeconomic Data
Population 249,042
Employment 120,135
Unemployment Rate 3.3%  (110 of 116)
Zillow Home Value Index $111,500  (98 of 116)
Government-Wide Revenues and Expenses
General Revenues $168,109,928
Capital Grants and Contributions $42,000,022
Charges For Services $411,379,866
Operating Grants and Contributions $13,937,077
Total Revenues $635,426,893
Total Expenditures $577,999,069
Change in Net Assets $57,427,824
Actuarially Determined Pension Contributions $23,138,293
Pension Contributions Actually Made $23,138,293
Government-Wide Position
Current Assets $598,088,997
Total Assets $2,348,600,975
Current Liabilities $79,710,369
Long Term Debt $1,354,608,417
Total Net Position $32,509,795
Unrestricted Net Position ($76,919,255)

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
FUND BALANCE AT END OF YEAR $  39,190,493 $  80,827,442 $  120,017,935
Surplus/(deficit) (20,773,053) (25,408,980) (46,182,033)
Revenues
Fines and Fees $  3,371,491 $  285,919 $  3,657,410
Special assessments 0 932,227 932,227
Total Revenues 0 266,511,000 0
Total Revenues 133,290,381 50,942,619 184,233,000
Taxes 115,411,347 35,240,509 150,651,856
Franchise taxes 6,130,349 4,711,062 10,841,411
Intergovernmental revenues 565,000 6,417,323 6,982,323
Other Revenues 1,373,946 2,608,527 3,982,473
Charges for services 3,163,757 119,942 3,283,699
Licenses and permits 3,004,539 0 3,004,539
Interest income 269,952 201,711 471,663
Miscellaneous Gains 0 425,399 425,399
Expenditures
Total Expenditures $  154,063,434 $  76,351,599 $  230,415,033
Police 57,817,806 897,753 58,715,559
Fire 43,831,366 847,370 44,678,736
Principal 4,836,006 20,314,908 25,150,914
Capital Outlay 5,323,401 19,481,706 24,805,107
Economic Development 531,100 13,955,173 14,486,273
Culture, parks and recreation 13,306,576 475,102 13,781,678
Interest 517,196 12,447,186 12,964,382
General government 11,566,547 36,186 11,602,733
Public Ways, Highways and Streets 7,206,794 395,714 7,602,508
Other 5,412,003 1,264,282 6,676,285
Community services 0 5,157,325 5,157,325
Health and welfare 3,714,639 993,401 4,708,040
Intergovernmental 0 85,493 85,493

Metrics


General Fund Balance Ratio 25.44%  (51 of 116)
Debt to Revenue Ratio 213.18%  (22 of 116)
Pension ADC to Revenue Ratio 3.64%  (88 of 116)
Annual Change in Home Prices 4.60%  (81 of 116)
Annual Change in Unemployment Rate (0.6%)  (36 of 116)
Fiscal Health Score 62  (75 of 116)
Implied Credit Rating AA