Memphis

Overview


Socioeconomic Data
Population 655,770
Employment 266,480
Unemployment Rate 7.3%  (10 of 116)
Zillow Home Value Index $69,700  (111 of 116)
Government-Wide Revenues and Expenses
General Revenues $702,507,000
Capital Grants and Contributions $15,649,000
Charges For Services $1,976,758,000
Operating Grants and Contributions $58,294,000
Total Revenues $2,753,208,000
Total Expenditures $2,532,006,000
Change in Net Assets $221,202,000
Actuarially Determined Pension Contributions $126,626,000
Pension Contributions Actually Made $69,854,000
Government-Wide Position
Current Assets $1,871,873,000
Total Assets $5,830,059,000
Current Liabilities $1,022,697,000
Long Term Debt $2,652,192,000
Total Net Position ($455,329,000)
Unrestricted Net Position ($3,216,914,000)

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
FUND BALANCE AT END OF YEAR $  132,266,000 $  109,476,000 $  241,742,000
Surplus/(deficit) (27,408,000) (95,507,000) (122,915,000)
Revenues
Total Revenues $  570,303,000 $  293,115,000 $  863,418,000
Taxes 497,762,000 169,527,000 667,289,000
Charges for services 31,090,000 55,968,000 87,058,000
Miscellaneous Gains 1,434,000 48,692,000 50,126,000
Other Revenues 7,668,000 14,857,000 22,525,000
Fines and Fees 16,163,000 3,383,000 19,546,000
Licenses and permits 12,253,000 441,000 12,694,000
Intergovernmental revenues 3,411,000 0 3,411,000
Investment income 522,000 247,000 769,000
Expenditures
Total Expenditures $  597,711,000 $  388,622,000 $  986,333,000
Public safety 397,122,000 3,510,000 400,632,000
General government 134,201,000 41,972,000 176,173,000
Debt Service 0 160,972,000 160,972,000
Capital Outlay 0 85,120,000 85,120,000
Community services 54,541,000 29,706,000 84,247,000
Miscellaneous 11,847,000 67,342,000 79,189,000

Metrics


General Fund Balance Ratio 22.13%  (66 of 116)
Debt to Revenue Ratio 96.33%  (95 of 116)
Pension ADC to Revenue Ratio 4.60%  (76 of 116)
Annual Change in Home Prices -2.38%  (115 of 116)
Annual Change in Unemployment Rate (1.1%)  (79 of 116)
Fiscal Health Score 72  (47 of 116)
Implied Credit Rating AAA