|
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 1994.
Conclusions
are to be left to the reader, but should anyone have questions
about what is reported here we ask that you call the Office
of the Clerk Treasurer at (812) 376-9456.
June
2001
Dear
Friends:
One
of the primary roles of the City Clerk Treasurer is to manage
and account for the public funds of the city. This report
is presented in order to provide decision-makers and citizens
alike with easily understandable information pertaining
to the fiscal soundness of the city.
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 1994.
The
funds discussed in this report are for the most part made
up of the moneys 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.
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) 376-9456.
I
hope that you find this information useful.
Cordially,
John
M. Baughn
Clerk Treasurer
Click
to view the Specific Charts
| Population |
 |
| Class |
City or Town |
Population |
Population
Rank
|
|
1
|
Indianapolis |
781,870 |
1 |
|
2
|
Fort Wayne |
205,727 |
2 |
|
2
|
Evansville |
121,582 |
3 |
|
2
|
South Bend |
107,789 |
4 |
|
2
|
Gary |
102,746 |
5 |
|
2
|
Hammond |
83,048 |
6 |
|
2
|
Bloomington |
69,291 |
7 |
|
2
|
Muncie |
67,430 |
8 |
|
2
|
Anderson |
59,734 |
9 |
|
2
|
Terre Haute |
59,614 |
10 |
|
2
|
Lafayette |
56,397 |
11 |
|
2
|
Elkhart |
51,874 |
12 |
|
2
|
Mishawaka |
46,557 |
13 |
|
2
|
Kokomo |
46,113 |
14 |
|
2
|
Richmond |
39,124 |
15 |
|
3
|
Columbus |
39,059 |
16 |
|
3
|
Lawrence |
38,915 |
17 |
|
3
|
Carmel |
37,733 |
19 |
|
3
|
New Albany |
37,603 |
20 |
|
3
|
Greenwood |
36,037 |
21 |
|
3
|
Portage |
33,496 |
22 |
|
2
|
Michigan
City |
32,900 |
23 |
|
2
|
East Chicago |
32,414 |
24 |
|
2
|
Marion |
31,320 |
25 |
| The city of Columbus
is the 16th largest city in the state of Indiana.
With
the 1990 census Columbus was the 20th largest
city in Indiana.
|
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|
| Tax
Rate |
|
| Class |
City or Town |
2000 City
Tax Rate* |
Tax Rate
Rank
|
District
Rate |
District
Rank
|
|
3
|
Carmel |
1.5373 |
1 |
7.8314 |
1 |
|
3
|
Greenwood |
1.7222 |
2 |
8.1054 |
2 |
|
3
|
Lawrence |
2.4054 |
3 |
11.2130 |
9 |
|
3
|
Columbus |
2.6505 |
4 |
9.1058 |
3 |
|
2
|
Lafayette |
2.6770 |
5 |
9.4547 |
4 |
|
3
|
Portage |
3.0036 |
6 |
10.1401 |
7 |
|
2
|
Kokomo |
3.1947 |
7 |
9.5700 |
5 |
|
2
|
Richmond |
3.2605 |
8 |
11.4187 |
12 |
|
2
|
Fort Wayne |
3.3303 |
9 |
9.8402 |
6 |
|
2
|
New Albany |
3.7007 |
10 |
11.3538 |
10 |
|
2
|
Bloomington |
3.7233 |
11 |
11.3574 |
11 |
|
2
|
Evansville |
3.7336 |
12 |
11.4648 |
13 |
|
2
|
Marion |
3.9100 |
13 |
11.8349 |
14 |
|
2
|
Muncie |
4.0478 |
14 |
14.475 |
18 |
|
2
|
Elkhart |
4.1765 |
15 |
10.9423 |
8 |
|
2
|
Michigan
City |
4.6912 |
16 |
14.1128 |
16 |
|
2
|
Terre Haute |
4.9958 |
17 |
14.2331 |
17 |
|
2
|
Mishawaka |
5.2417 |
18 |
15.5162 |
19 |
|
2
|
Anderson |
5.3322 |
19 |
13.0240 |
15 |
|
2
|
East Chicago |
6.0473 |
20 |
22.0855 |
21 |
|
2
|
South Bend |
7.3307 |
21 |
17.6398 |
20 |
|
2
|
Gary |
9.0377 |
22 |
25.6265 |
22 |
|
2
|
Hammond |
9.9733 |
23 |
27.6206 |
23 |
*Per $100 of assessed valuation.
When comparing Columbus to other second and
third class cities, the Columbus property
tax rate is the fourth lowest when considering
just the city's portion of the rate. However,
Columbus is the third lowest when considering
all property tax units (i.e. city, county
schools, town, etc.).
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|
| Assessed
Valuation |
|
| Class |
City
or Town |
2000
A.V. |
A.V.
Rank
|
|
2
|
Fort Wayne |
$ 1,705,890,178.00 |
2 |
|
2
|
Evansville |
$ 964,336,810.00 |
3 |
|
3
|
Carmel |
$ 692,070,011.00 |
4 |
|
2
|
Kokomo |
$ 682,430,795.00 |
5 |
|
2
|
Lafayette |
$669,558,435.00 |
6 |
|
2
|
Gary |
$ 659,655,230.00 |
7 |
|
2
|
South Bend |
$ 649,024,000.00 |
8 |
|
3
|
Columbus |
$ 614,448,950.00 |
9 |
|
2
|
Elkhart |
$ 566,729,430.00 |
10 |
|
2
|
East Chicago |
$ 542,815,350.00 |
11 |
|
2
|
Bloomington |
$ 461,765,493.00 |
12 |
|
2
|
Terre Haute |
$ 428,089,770.00 |
13 |
|
2
|
Muncie |
$ 425,829,563.00 |
14 |
|
2
|
Anderson |
$ 410,704,119.00 |
15 |
|
3
|
Greenwood |
$ 364,825,710.00 |
16 |
|
2
|
Hammond |
$ 350,498,170.00
|
17 |
|
2
|
Richmond |
$ 329,990,986.00 |
18 |
|
2
|
Mishawaka |
$ 327,682,000.00 |
19 |
|
3
|
Portage |
$ 311,093,745.00 |
20 |
|
2
|
New Albany |
$ 307,769,650.00 |
21 |
|
3
|
Lawrence |
$ 276,194,940.00 |
22 |
|
2
|
Michigan
City |
$ 270,896,649.00 |
23 |
|
2
|
Marion |
$ 270,895,649.00 |
24 |
|
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 9th in
the state.
|
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|
|
City
Funds Graph
|
|
|
| Year |
Receipts |
Disbursements |
Net |
Balance |
| 1994 |
$
10,333,201 |
$
10,853,192 |
$
(519,991) |
$
9,154,446 |
| 1995 |
$
10,660,563 |
$
10,425,158 |
$
235,405 |
$
9,389,851 |
| 1996 |
$
11,229,248 |
$
10,919,818 |
$
309,430 |
$
9,699,281 |
| 1997 |
$
10,969,484 |
$
10,161,991 |
$
807,493 |
$
10,506,774 |
| 1998 |
$
10,725,075 |
$
9,481,899 |
$
1,243,176 |
$
11,749,950 |
| 1999 |
$
10,886,977 |
$
9,987,943 |
$
899,034 |
$
12,648,984 |
| 2000* |
$
16,750,581 |
$
13,629,890 |
$
3,120,691 |
$
15,769,675 |
| *
Unaudited Figures |
These fund balances are for the total city except
the city utilities. These balances include
operating funds as well as funds that are dedicated
for particular purposes such as self-insurance
investments and capital projects.
|
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|
|
Total
Receipts and Disbursements
|
|
|
| Year |
Total
Receipts |
Total
Disbursements |
Net
Receipts to
Expenditures |
Ending
Balance
All Funds |
|
1994
|
$
53,207,274
|
$
52,638,234
|
$
569,040
|
$
31,138,658
|
|
1995
|
$
56,502,250
|
$
56,317,310
|
$
184,940
|
$
31,323,598
|
|
1996
|
$
61,594,410
|
$
58,827,613
|
$
2,766,797
|
$
34,090,395
|
|
1997
|
$
66,063,131
|
$
62,317,786
|
$
3,745,345
|
$
37,835,740
|
|
1998
|
$
61,475,213
|
$
63,997,286
|
$
(2,522,073)
|
$
35,313,667
|
|
1999
|
$
66,420,588
|
$
67,942,784
|
$
(1,522,196)
|
$
34,283,348
|
|
2000*
|
$
64,332,987
|
$
62,202,505
|
$
2,130,482
|
$
36,413,830
|
| *
Unaudited Figures |
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
|
|
|
| Year |
Receipts |
Disbursements |
Net
|
Balance
|
|
1994
|
$
15,043,331
|
$
14,686,974
|
$
356,357
|
$
6,181,664
|
|
1995
|
$
15,412,897
|
$
15,079,353
|
$
333,544
|
$
6,515,208
|
|
1996
|
$
17,483,938
|
$
16,210,057
|
$
1,273,881
|
$
7,789,089
|
|
1997
|
$
16,775,477
|
$
17,323,942
|
$
(548,465)
|
$
7,240,624
|
|
1998
|
$
17,303,843
|
$
17,894,587
|
$
(590,744)
|
$
6,649,880
|
|
1999
|
$
18,318,024
|
$
18,892,110
|
$
(574,086)
|
$
6,075,794
|
|
2000*
|
$
18,517,853
|
$
19,446,641
|
$
(928,789)
|
$
5,146,955
|
| *
Unaudited Figures |
The General Fund is the primary daily operating
fund for city government. 1.) Road and Street
Funds and Motor Vehicle Highway Funds are not
included because they are financed primarily by
a distribution of state taxes based upon miles
of streets and highways.
2.) Parks are not included because they are financed
by their own tax rate and by fees.
3.) Parking Enforcement is not included because
it is totally financed by fines and parking rentals.
4.) Aviation and Utilities are enterprise funds
financed by sources of revenue other than taxes.
|
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|
|
General
Fund Receipts and Disbursements
|
|
|
| Year |
Receipts |
Disbursements |
Net
|
Balance
|
|
1994
|
$
15,043,331
|
$
14,686,974
|
$
356,357
|
$
6,181,664
|
|
1995
|
$
15,412,897
|
$
15,079,353
|
$
333,544
|
$
6,515,208
|
|
1996
|
$
17,483,938
|
$
16,210,057
|
$
1,273,881
|
$
7,789,089
|
|
1997
|
$
16,775,477
|
$
17,323,942
|
$
(548,465)
|
$
7,240,624
|
|
1998
|
$
17,303,843
|
$
17,894,587
|
$
(590,744)
|
$
6,649,880
|
|
1999
|
$
18,318,024
|
$
18,892,110
|
$
(574,086)
|
$
6,075,794
|
|
2000*
|
$
18,517,853
|
$
19,446,641
|
$
(928,789)
|
$
5,146,955
|
| *
Unaudited Figures |
| This
chart compares the amount of General Fund operating
receipts (revenues) with General Fund operating
disbursements (expenses). |
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|
|
Park
Funds
|
|
|
| Parks Operating Balances |
| Year |
Receipts |
Disbursements |
Net
|
Balance
|
|
1994
|
$
3,589,589
|
$
3,626,531
|
$
(36,942)
|
$
1,212,304
|
|
1995
|
$
4,181,612
|
$
4,313,692
|
$
(132,080)
|
$
1,080,224
|
|
1996
|
$
5,275,791
|
$
4,860,578
|
$
415,213
|
$
1,495,437
|
|
1997
|
$
5,334,209
|
$
5,745,849
|
$
(411,640)
|
$
1,083,797
|
|
1998
|
$
4,825,091
|
$
4,577,423
|
$
247,668
|
$
1,361,465
|
|
1999
|
$
4,976,912
|
$
5,567,860
|
$
(590,948)
|
$
770,517
|
|
2000*
|
$
5,052,631
|
$
5,207,563
|
$
(154,932)
|
$
615,585
|
| *
Unaudited Figures |
Parks and Recreation operations are financed by
a separate property tax rate and by program and
participation fees. These figures do not generally
reflect capital improvements that are funded by
bonds and other sources.
|
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|
|
Parks
Operating Receipts and Disbursements
|
|
|
| Year |
Receipts |
Disbursements |
Net
|
Balance
|
|
1994
|
$
3,589,589
|
$
3,626,531
|
$
(36,942)
|
$
1,212,304
|
|
1995
|
$
4,181,612
|
$
4,313,692
|
$
(132,080)
|
$
1,080,224
|
|
1996
|
$
5,275,791
|
$
4,860,578
|
$
415,213
|
$
1,495,437
|
|
1997
|
$
5,334,209
|
$
5,745,849
|
$
(411,640)
|
$
1,083,797
|
|
1998
|
$
4,825,091
|
$
4,577,423
|
$
247,668
|
$
1,361,465
|
|
1999
|
$
4,976,912
|
$
5,567,860
|
$
(590,948)
|
$
770,517
|
|
2000*
|
$
5,052,631
|
$
5,207,563
|
$
(154,932)
|
$
615,585
|
| *
Unaudited Figures |
This chart compares the amount of Parks and Recreation
operating receipts (revenues) with Parks and Recreation
operating disbursements (expenses).
|
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|
|
Aviation
|
|
|
| Aviation Operating Balances |
| Year |
Receipts |
Disbursements |
Net
|
Balance
|
|
1994
|
$
931,608
|
$
1,021,769
|
$
(90,161)
|
$
638,708
|
|
1995
|
$
1,404,367
|
$
1,381,879
|
$
22,488
|
$
661,196
|
|
1996
|
$
| | |
