RubinBrown Public Sector Stats 2012

State of Colorado

As with the St. Louis and Kansas City regions, the 2011 results for the municipalities surveyed in the state of Colorado indicate that economic conditions may be improving. The average increase in net assets for these municipalities was 3.1% in 2011, as compared with 2.9% in 2010. Of the 31 municipalities surveyed, only four (or 13%) reported a decrease in net assets in 2011. This is roughly consistent with the 9% of Colorado municipalities that reported a decrease in 2010.

Unlike the other regions, tax revenue per capita for Colorado municipalities fell during the past year, from $951 per capita in 2010 to $872 per capita in 2011. However, this decrease

is more than offset by a substantial decrease in expenses per capita for Colorado municipalities, from $1,248 in 2010 to $1,141 in 2011. This decline in expenses is the primary driver of the favorable net asset increases as noted above. Municipalities in the state of Colorado also have managed to maintain strong liquidity positions. The average liquidity ratio for Colorado municipalities was 2.67 in 2011, an improvement over the average liquidity of 2.36 in 2010. Furthermore, 18 of the 31 Colorado municipalities reported a liquidity ratio of 2.0 or greater, and 27 reported a liquidity ratio of 1.0 or greater.

Tax Revenues Per Capita

Expenses Per Capita

$1,248

$1,100 $1,200 $1,300

$1,000 $600 $700 $800 $900 $1,100 $1,200 $1,300

$1,141

$951

$1,000

$872

$600 $700 $800 $900 $500 $400 $300 $200 $100

$500 $400 $300 $200 $100

$0

$0

2010

2011

2010

2011

8 | RubinBrown Public Sector Stats 2012