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Clerk/Treasurer
123 Washington Street • Columbus, IN 47201 • (812) 376-2510
Phone • (812) 376-2651 Fax
Office Open 8:00a.m. to 5:00p.m. Monday thru Friday
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Financial State
of the City Report - Presented by John M. Baughn
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June 2002
Dear Friends and Citizens:
I am proud to present the second annual Columbus
Financial State of the City Report. Last year was the first time
that this office had presented such a report to the community and
it was very well received. It is our desire to place easily
understandable financial information in the hands of the community
and in the hands of the city decision-makers.
In the following pages are several charts and
data that reflect the state of Columbus’ city finances. Census
and tax data comparisons are made to several other comparable Indiana
cities. Financial historic data dates back to 1995.
The funds discussed in this report are for the
most part made up of the monies provided by the hard working citizens
and businesses of Columbus. Property tax, local income tax,
state taxes, and local fees all combine in order to provide a high
quality of life, public safety, and first class services to our
community.
The excellent news for this year is that each
of the funds reported here shows that the city maintained and exceeded
their fund balances. This is very important in that the local,
state and national economies have faced a difficult fiscal year.
When finances tighten up reserves may become even more important
in order to carry out the services that Columbus residents expect
from local government.
Finally, it is also important that the city has
many other funds not included in this report that are dedicated
(both by statutes and local ordinances) to specific needs.
These funds include self-insurance reserves, capital project funds,
various grants, and long-term debt funds. Information on these
funds is accessible through the Office of the Clerk Treasurer during
regular business hours.
The information in
this report is also available on our website at www.columbus.in.gov/clerk.
Final conclusions from the data may be left to
the reader, but should anyone have questions or comments about what
is reported here, we ask that you call the Office of the Clerk Treasurer
at (812) 376-2510.
I hope that you find
this information useful.
Cordially,
John M. Baughn
Clerk Treasurer
Click to view the
Specific Charts
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Population
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Class
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City or Town
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Population
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Population
Rank
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1
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Indianapolis
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781,870
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1
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2
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Fort Wayne
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205,727
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2
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2
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Evansville
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121,582
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3
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2
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South Bend
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107,789
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4
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2
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Gary
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102,746
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5
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2
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Hammond
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83,048
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6
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2
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Bloomington
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69,291
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7
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2
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Muncie
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67,430
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8
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2
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Anderson
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59,734
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9
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2
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Terre Haute
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59,614
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10
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2
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Lafayette
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56,397
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11
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2
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Elkhart
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51,874
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12
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2
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Mishawaka
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46,557
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13
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2
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Kokomo
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46,113
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14
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2
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Richmond
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39,124
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15
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3
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Columbus
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39,059
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16
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3
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Lawrence
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38,915
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18
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3
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Carmel
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37,733
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19
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2
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New Albany
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37,603
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20
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3
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Greenwood
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36,037
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21
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3
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Portage
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33,496
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22
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2
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Michigan City
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32,900
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23
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2
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East Chicago
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32,414
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24
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2
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Marion
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31,320
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25
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The city of Columbus is the 16th largest city in the state
of Indiana.
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Tax Rate
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Class
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City or Town
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2000 City
Tax Rate*
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Tax Rate
Rank
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District
Rate
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District
Rank
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3
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Carmel
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0.5642
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1
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2.5881
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1
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3
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Greenwood
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0.5674
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2
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2.9947
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2
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3
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Lawrence
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0.8779
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3
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4.0228
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10
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3
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Columbus
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0.8835
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4
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3.3775
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4
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2
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Lafayette
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0.9452
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5
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3.2672
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3
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3
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Terre Haute
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1.0000
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6
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4.0087
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15
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2
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Kokomo
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1.0799
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7
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3.5838
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6
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2
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Fort Wayne
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1.1101
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8
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4.5986
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13
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2
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Marion
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1.1425
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9
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4.1243
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12
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2
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Richmond
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1.1486
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10
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4.0245
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14
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2
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Evansville
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1.2058
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11
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3.5394
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7
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2
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Bloomington
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1.2087
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12
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3.8850
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5
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2
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New Albany
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1.3197
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13
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4.1009
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11
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2
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Portage
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1.4209
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14
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5.3974
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9
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2
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Muncie
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1.4318
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15
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3.9588
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18
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2
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Elkhart
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1.4430
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16
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4.8893
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8
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2
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Michigan City
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1.8066
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17
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4.7444
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17
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2
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Mishawaka
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1.8627
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18
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5.5006
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19
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2
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Anderson
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1.9827
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19
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4.7452
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16
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2
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South Bend
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2.6664
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20
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11.8745
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20
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2
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Hammond
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3.5123
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21
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6.4026
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22
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2
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Gary
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4.1709
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22
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10.9055
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21
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2
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East Chicago
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4.5089
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23
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11.1065
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23
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*Per $100 of assessed valuation.
When comparing Columbus to other second and third class
cities, the Columbus property tax rate is the fourth
lowest for both the city portion and district rate.
The district rate includes all taxing units such as schools,
county, township,etc.
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Assessed Valuation
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Class
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City or Town
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2000 A.V.
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A.V.
Rank
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2
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Fort Wayne
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$ 5,606,420,503.00
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2
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2
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Evansville
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$ 3,000,291,840.00
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3
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3
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Carmel
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$ 2,326,478,066.00
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4
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2
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Kokomo
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$ 2,243,124,975.00
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5
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2
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Lafayette
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$ 2,109,923,545.00
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6
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2
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South Bend
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$ 1,948,862,000.00
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7
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3
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Columbus
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$ 1,873,585,830.00
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8
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2
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Elkhart
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$ 1,769,018,470.00
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9
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2
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Bloomington
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$ 1,518,326,786.00
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10
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2
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Gary
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$ 1,401,919,042.00
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11
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2
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Muncie
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$ 1,337,480,860.00
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12
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2
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Terre Haute
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$ 1,328,595,760.00
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13
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3
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Greenwood
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$ 1,202,457,790.00
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14
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2
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Anderson
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$ 1,184,719,099.00
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15
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2
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Richmond
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$ 1,019,964,779.00
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16
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2
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Mishawaka
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$ 1,007,670,000.00
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17
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2
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Hammond
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$ 1,003,641,824.00
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18
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2
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New Albany
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$
949,616,807.00
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19
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3
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Lawrence
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$
911,534,957.00
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20
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2
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East Chicago
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$
901,465,203.00
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21
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2
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Michigan City
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$
853,822,870.00
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22
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2
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Marion
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$
825,356,870.00
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23
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3
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Portage
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$
801,148,875.00
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24
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Two factors contribute to a city's property tax receipts:
1.) The tax rate per $100 dollars of assessment; and
2.) The city's total assessed valuation.
The assessed valuation is the total value assigned
to all buildings and lands that are on the city's property
tax rolls. These values are assigned by the County and Township
Assessors who use state formulas and guidelines.
Columbus'
assessed valuation ranks 8th in the state.
This is one position up from its 9th
place ranking in 2001.
This data was
collected by the Indiana Association of Cities and Towns.
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Total Receipts and
Disbursements
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Year
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Total
Receipts
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Total
Disbursements
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Net Receipts to
Expenditures
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Ending Balance
All Funds
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1995
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$ 56,502,250
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$ 56,317,310
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$ 184,940
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$ 31,323,598
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1996
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$ 61,594,410
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$ 58,827,613
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$ 2,766,797
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$ 34,090,395
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1997
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$ 66,063,131
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$ 62,317,786
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$ 3,745,345
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$ 37,835,740
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1998
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$ 61,475,213
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$ 63,997,286
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$ (2,522,073)
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$ 35,313,667
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1999
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$ 66,420,588
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$ 67,942,784
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$ (1,522,196)
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$ 34,283,348
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2000
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$ 63,322,708
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$ 60,743,920
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$ 2,578,788
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$ 36,370,259
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2001*
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$
59,754,390
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$ 59,113,478
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$ 640,912
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$ 37,011,171
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* Unaudited Figures
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This chart compares the amount of total receipts (all revenues)
that the city has received with the amount of total disbursements
(all expenses) made. These would include all units of
city government, including City operations, City Utilities,
Parks, and Aviation
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General Funds Chart
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Year
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Receipts
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Disbursements
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Net
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Balance
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1995
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$ 15,412,897
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$ 15,079,353
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$ 333,544
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$ 6,515,208
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1996
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$ 17,483,938
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$ 16,210,057
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$ 1,273,881
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$ 7,789,089
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1997
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$ 16,775,477
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$ 17,323,942
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$ (548,465)
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$ 7,240,624
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1998
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$ 17,303,843
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$ 17,894,587
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$ (590,744)
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$ 6,649,880
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1999
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$ 18,318,024
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$ 18,892,110
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$ (574,086)
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$ 6,075,794
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2000
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$
17,930,907
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$
19,446,692
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$
(1,515,785)
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$
4,560,009
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2001*
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$
20,478,110
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$
19,367,800
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$
1,110,310
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$
5,670,319
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* Unaudited Figures
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The General Fund is the primary daily operating fund for city
government.
It includes daily public safety operations, most public
works operations, and all city administrative and support
services that are primarily funded by taxes.
In the year 2001, the General Fund Balance
increased by over $1,000,000. That reverses the trend
of the previous four years.
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General Fund Receipts
and Disbursements
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Year
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Receipts
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Disbursements
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Net
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Balance
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1995
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$
15,412,897
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$
15,079,353
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$
333,544
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$
6,515,208
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1996
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$
17,483,938
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$
16,210,057
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$
1,273,881
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$
7,789,089
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