Norfolk

Overview


Socioeconomic Data
Population 246,393
Employment 105,107
Unemployment Rate 5.6%  (46 of 116)
Zillow Home Value Index $171,900  (67 of 116)
Government-Wide Revenues and Expenses
General Revenues $476,461,620
Capital Grants and Contributions $4,005,824
Charges For Services $207,214,838
Operating Grants and Contributions $125,802,403
Total Revenues $813,484,685
Total Expenditures $774,578,710
Change in Net Assets $38,905,975
Actuarially Determined Pension Contributions $66,237,000
Pension Contributions Actually Made $62,906,000
Government-Wide Position
Current Assets $356,493,288
Total Assets $2,343,923,575
Current Liabilities $96,666,644
Long Term Debt $1,445,078,613
Total Net Position $221,323,758
Unrestricted Net Position ($217,541,689)

Revs and Exps


Step 1

To

Step 2

By

Step 3

OR

To see graph, please fill out the form

To see graph, please fill out the form

Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
Surplus(deficit) $  68,226,966 $  (178,667,319) $  (110,440,353)
Revenues
Total Revenues $  585,554,681 $  84,058,258 $  669,612,939
Property taxes 258,974,929 3,457,939 262,432,868
Other Taxes 154,867,325 9,403,072 164,270,397
Local Taxes 154,867,325 9,403,072 164,270,397
Intergovernmental revenues 130,397,763 28,442,331 158,840,094
Charges for services 20,248,407 39,734,080 59,982,487
Other Revenues 7,226,869 2,914,465 10,141,334
Use of money and property 9,564,794 103,371 9,668,165
Licenses and permits 3,013,376 0 3,013,376
Fines and Fees 1,261,218 3,000 1,264,218
FUND BALANCE AT END OF YEAR $  97,583,948 $  (43,840,565) $  53,743,383
Expenditures
Education $  117,721,922
General government $  110,304,366
Capital Outlay $ 0
Culture, parks and recreation $  39,205,465
General government $ 0
Total Expenditures $  517,327,715
Public safety $  103,162,805
Health and welfare $  69,569,467
Public works $  19,592,357
Principal $ 0
Interest $ 0
Community development $  9,153,306
Issuance Cost $  323,098

Metrics


General Fund Balance Ratio 18.86%  (77 of 116)
Debt to Revenue Ratio 177.64%  (42 of 116)
Pension ADC to Revenue Ratio 8.14%  (25 of 116)
Annual Change in Home Prices 3.93%  (87 of 116)
Annual Change in Unemployment Rate (0.8%)  (51 of 116)
Fiscal Health Score 57  (87 of 116)
Implied Credit Rating AA-