Midland

General Information


Population 128,037
Web Site Address http://www.midlandt...
Total Revenues $239,513,756
Total Expenditures $193,948,959
Total Pension Contributions $9,843,164
Pension Contribution To Revenue Ratio 4.1%  (157 of 329)
Funded Ratio 82.6%
Unrestricted Net Position $63,586,639
Current Assets $286,508,000
Current Liabilities $47,808,270

Financial Statements


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
Surplus / (Deficit) $  6,101,976 $  (7,603,213) $  (1,501,237)
Revenues
Total Revenues $  104,723,863 $  14,750,133 $  119,473,996
Sales Taxes 44,776,484 0 44,776,484
Property Tax 33,722,201 5,198,996 38,921,197
Gross Receipts Tax 12,732,502 0 12,732,502
Hotel and Motel Occupancy Tax 0 6,512,643 6,512,643
Licenses, permits and fees 3,091,399 1,099,470 4,190,869
Fines, fees and forfeitures 3,783,005 0 3,783,005
Charges for services 2,640,062 0 2,640,062
Intergovernmental 859,928 570,173 1,430,101
Miscellaneous 330,185 641,382 971,567
Interest 665,983 217,596 883,579
Net increase in the fair value of investments 661,374 118,448 779,822
Donations and contributions 676,064 0 676,064
Mixed Beverage Taxes 639,530 0 639,530
Rentals 14,244 272,370 286,614
Miscellaneous taxes 130,902 0 130,902
Assessments 0 119,055 119,055
Fund balances at end of year $  69,641,804 $  52,756,045 $  122,397,849
Long Term Debt 421,309,995 0 0
Expenditures
Total Expenditures $  98,621,887 $  22,353,346 $  120,975,233
Police 25,416,580 0 25,416,580
Fire and rescue 24,516,468 0 24,516,468
Engineering 13,905,183 0 13,905,183
Support Services 13,752,715 0 13,752,715
Capital Outlay 0 13,361,266 13,361,266
Community services 10,261,957 0 10,261,957
Other 3,475,988 4,818,732 8,294,720
Development services and other 3,350,847 0 3,350,847
Principal Retirement 0 2,607,154 2,607,154
Fiscal management 2,260,620 0 2,260,620
Administration 1,681,529 0 1,681,529
Interest Payments and Other Charges 0 1,238,337 1,238,337
Bond issuance cost and fees 0 327,226 327,226
Paying agent fees 0 631 631