Rochester

Overview


Socioeconomic Data
Population 209,802
Employment 84,792
Unemployment Rate 7.1%  (13 of 116)
Zillow Home Value Index $65,500  (112 of 116)
Government-Wide Revenues and Expenses
General Revenues $432,695,000
Capital Grants and Contributions $17,439,000
Charges For Services $209,915,000
Operating Grants and Contributions $43,486,000
Total Revenues $703,535,000
Total Expenditures $737,364,000
Change in Net Assets ($33,829,000)
Actuarially Determined Pension Contributions $44,926,000
Pension Contributions Actually Made $44,926,000
Government-Wide Position
Current Assets $486,604,000
Total Assets $1,480,957,000
Current Liabilities $210,016,000
Long Term Debt $594,281,000
Total Net Position $445,242,000
Unrestricted Net Position ($240,753,000)

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
FUND BALANCE AT END OF YEAR $  85,938,000 $  104,708,000 $  190,646,000
Surplus/(deficit) 13,631,000 (47,889,000) (34,258,000)
Revenues
Total Revenues $  470,834,000 $  88,160,000 $  558,994,000
Miscellaneous Gains 161,589,000 80,286,000 241,875,000
Property taxes 146,694,000 7,275,000 153,969,000
Sales and Use Tax 139,816,000 0 139,816,000
Other Taxes 19,338,000 0 19,338,000
Licenses and permits 3,175,000 0 3,175,000
Use of money and property 222,000 599,000 821,000
Expenditures
Total Expenditures $  457,203,000 $  136,049,000 $  593,252,000
General government 129,821,000 15,071,000 144,892,000
Education 119,100,000 0 119,100,000
Miscellaneous 45,022,000 57,580,000 102,602,000
Police 85,955,000 1,953,000 87,908,000
Capital Outlay 0 58,567,000 58,567,000
Fire 45,973,000 390,000 46,363,000
Principal 17,115,000 760,000 17,875,000
Culture, parks and recreation 9,870,000 1,542,000 11,412,000
Economic Development and Assistance 0 0 7,933,000
Interest 4,336,000 186,000 4,522,000
Other Debt Service 11,000 0 11,000

Metrics


General Fund Balance Ratio 18.80%  (79 of 116)
Debt to Revenue Ratio 84.47%  (99 of 116)
Pension ADC to Revenue Ratio 6.39%  (45 of 116)
Annual Change in Home Prices 3.80%  (88 of 116)
Annual Change in Unemployment Rate (1.0%)  (68 of 116)
Fiscal Health Score 74  (39 of 116)
Implied Credit Rating AAA