POPULAR ANNUAL FINANCIAL REPORT
City of Hamilton, Ohio For the year ended December 31, 2011
FROM THE FINANCE DIRECTOR
This Report is for you, the Citizens of Hamilton The City of Hamilton is an established, diverse and proud city. Each of the many neighborhoods has its own unique characteristics, a special style that endears it to you, the citizens of Hamilton. Throughout the City’s culturally-rich and diverse neighborhoods there is a revival underway. From established traditions such as the Christmas Walk, the Antique and Classic Car Parade, and the IceFest, to new special events such as the Corn Hole Tournament and Concerts Downtown, there is a wonderful blend of the old and the new, enhancing what it means to work, live and play in the City of Hamilton. The members of the Finance Department are very pleased to present the City of Hamilton, Ohio’s Popular Annual Financial Report (PAFR) for the fiscal year ending December 31, 2011. This report, last presented for fiscal year 2004, provides a clear overview of the financial position of the City of Hamilton. It is important that citizens understand what revenue streams provide the funds to operate the City of Hamilton, as well as how those funds are being spent. Most importantly, it is essential that our citizens understand the key services that the city employees provide to make Hamilton a safer and more enjoyable place in which to reside and to raise your families. The charts and graphs in the 2011 PAFR will illustrate the economic and real estate trends, public safety statistics, the sources of funding in Hamilton, who
spends the money, and how the money is spent - to name a few. The Financial Activity Statement and the Financial Position Statement are user-friendly presentations that communicate the results of City operations in a concise and easily understandable manner. The PAFR summarizes the financial activities of the City and is drawn from detailed information from the 2011 Comprehensive Annual Financial Report (CAFR). The financial statements appearing in the comprehensive document were prepared in conformance with Generally
Accepted Accounting Principles (GAAP) and were audited by Clark, Shaeffer, Hackett and Company, an independent auditing firm. The auditors have issued an unqualified (clean) opinion. The numbers contained within the CAFR were obtained by employing the basis of accounting principles as prescribed by the Governmental Accounting Standards Board (GASB). While the numbers in their Popular Annual Financial report come from an audited source, they are presented in an unabridged, unaudited, non-GAAP format. The major differences between GAAP
and non-GAAP reporting deal with the presentation of segregated funds as well as full disclosure of all material financial and non-financial events in notes to the financial statements. Citizens who wish to review the GAAP basis audited financial statements can refer to the CAFR, which is available from the Finance Department or on the City of Hamilton’s internet site (www.hamilton-city.org/ index.aspx?page=156). The City is proud to announce that for 13 straight years it has received the Award for Excellence in Financial Reporting from the Government Finance Officers’ Association of the United States and Canada (GFOA) for its Comprehensive Annual Financial Report (CAFR). The Members of the Finance Department, the entire City Staff and elected officials proudly serve the City of Hamilton. The Popular Annual Financial Report is a notable achievement. The purpose of the PAFR is to increase awareness, accountability and transparency of the City’s financial information provided to you, our valued citizens. We hope that this information helps to assure you that every effort is being made to maximize the City’s resources to the benefit of each and every citizen. Thank you for taking the time to review our 2011 PAFR. We hope that you will enjoy this interesting summary of Hamilton’s financial information. Sincerely,
Peg g Bradner Hancock,, MBA Finance Director
TABLE OF CONTENTS Finance Director’s Message ........................... 1 Yesterday’s Charm, Tomorrow’s Vision – City Manager’s Message to Citizens ............. 2 Hamilton City Council .................................... 2 Unemployment Rates...................................... 3 Principal Taxpayers ........................................ 3 National Citizen’s Survey............................... 3 Real Estate Summary...................................... y 4 Real Estate Tax Burden .................................. 5 Population and Property Values ................... 5 Public Safety/Golf/Hamilton City Schools .. 6 1
Hamilton’s All About New Opportunity An Economic Development Update .............. 7 Financial Activity y ........................................... 9 Position Statements ........................................ 9 Where the Money Comes From ................... 10 Where the Money Goes ................................ 10 Departmental Profile: Public Works ........... 11 Debt Summary............................................... y 12 City’s Utility Systems ................................... 13 City Directory y ................................. Back Cover
ABOUT THE COVER Featured on the cover is a photo of the High-Main Street Bridge over the Great Miami River. The bridge was rebuilt in 2007, replacing a smaller, arched structure that had served the City since 1915. The photo is looking east towards downtown Hamilton, with the Butler County Soldiers, Sailors and Pioneers Monument prominently in the background. The statue of a civil war soldier atop the memorial is the work of Hamiltonian Rudolf Theim, an early example of the City of Sculpture’s rich and continuing tradition in the arts. Photo by Pat Brown, Brown Studios Photography
CITY MANAGER’S MESSAGE TO CITIZENS
Yesterday’s Charm, Tomorrow’s Vision PAST: Through Flood and Fire Since its founding in 1791, Hamilton has had to reinvent itself countless times, from outpost to fort, from river town to indusstrial giant. Our story is one of tragedy an nd triumph. Through flood and fire Hamilltonians have persevered. Our story iss that of a dynamic city comprised of adaptive v , creative and thriving enterpriisees an nd people who meet the needs of chang ging ng g tim imes mes e. hasee of hase We find ourselves in a similaar pha reinvention today, where we arre in insp ssp pir ired e ed by Hamilton’s storied past, bu ut n no ot de defi fine ned ne ned by it. Our remarkable past iss wri ritt tten en n upon our invaluable landscap pe off nat atur ural ur al resources, geography, human n capi pita tal, ta l and l, n most importantly, our ingenu uitty in n wri riti ting ti n ng those new chapters in Hamiltton on’s ’s history. This is the beginning of a new w chaapt p er e,a new generation’s approach to o rec e reeat ating g Hamilton in its own vision with h th thee spi sp pirit rit of our history firmly behind us. Since 1791, this has been a city of pioneers and trail blazers. It is our responsibility to assist this century’s pioneers in discovering the ageless Hamilton spirit - to draw on that spirit as we endeavor through yet another age of transformation.
PRESENT: The Foundation Is Laid In 2011, Mayor Moeller and the City Council worked with the City’s Large Management Team to create a road map for a better Hamilton. The City of Hamilton’s Strategic Plan was adopted in 2011, and many of its objectives are moving forward at a quick pace. As we continue to implement the Strategic Plan, I’m confident you will see a noticeable impact in terms of new jobs and community reinvestment. Creating and adopting this Strategic Plan was a highlight of 2011, but this past year was not without its challenges. The highly publicized closing of both SMART and Mohawk Papers, the largest remaining institutions of the 150+ year old paper industry in Hamilton, were both financially and psychologically impactful on our city. Yet, the manufacturing sector remains a
vital and viable piece of our economic fabric. The City is working tirelessly on numerous economic development projects. Recent successes are in excess of $25 million in capital investment while adding or retaining hundreds of jobs. For specifics on some of these highlights as well as an increased customer focus toward Hamilton Hamilton’ss business community, community see the economic development section n of this report entitled “Hamilton n’s All Abo b ut u Op pportunity.” Finally, at the en nd off 201 011, 1, the h Cit ity y co ompleeteed a comm mun unit ity it y sati saatiisfa sffac acti act tion tion n su urv vey ey.. I want an nt to o per erso so ona nall lly ll y tth han ank k eve yone ever ev ne who respo esp es po on nd ded ed to th t is i surrve v y. Our Ou ur re r sp pon o see rat ate wa was an an out utst s an ndiing n 31% %. Your Yo u inp ur put is ne n ed eded ed to heelp ed p us dete determ de teerm rmin ine in ho ow to to all l oc ocat ocat a e ou ur re r so our urc rce ces es to o bes est me meet ett th he ne n ed edss off our u res esid sid iden den e tss. Yo ou u willl fiind nd rreesu s lt ltss frrom thee sur urveey, y, alo ong wit ith h va v ri r ous peerf p rforrmaan ncce meetri tric tr ics tth ics hro roug ug gho h ut thi his re his repo po orrtt. You Yo our ur inp nput ut alo ut ong wiitth th pu publ blic bl i rep ic e o orrti rti t ng of ou ur pe perf rforrma rfor rf manc nce ce al allo l ws ws you ou, u, th he ci cittize zen, n, an op ppo porrttun port unitty to eva valu luat lu aatte yo y urr seerrv viices an nd hold ho hold d you ourr Ci City t off ty ffic icciaals acc ccou ou unttab able le.. As le tth he surv su urv rvey ey ressul ults ltss ind dic icat atte; we de defi efi fini n te ni telly ly have room to improve.
done the following:
• Begun the process of improving the East High Corridor, both aesthetically and from a transportation perspective;
• Created a gap financing fund to provide additional financing for projects in and around our urban core;
• Completed Phase I of the RiversEdge Am mphitheater project;
• An Anno no noun oun u ce ced si signiificant capital inve in nve vessttmentt an vest nd jjob creation in industries th that hatt aree imporrtan nt to Hamilton (man (m anuf an uffac acturin tu ng, financial services, tu in nfo form rmat atio at ion, io on, pro r fessional business serv se rviicce rv ceess, eetttc) c; c)
• An A no n unce un nce ced do ou ur n next impactful project down do wnto wn town to wn aft fter er completion of the Merc Me rcan rc anti an tile ti le Lofts offts t ; and
• Ma M de d signiifi f caant waves in the greater C nc Ci ncin inna inna nati t reg ti gion n, promoting Hamilton as THE as HE pla lace ce in S Southwest Ohio to be an entreprene en neur u , to to open a new business, or in wh whic i h to ex xpand or relocate an e isting ex ng enterpr prise. With W ith your help, help we’ll succeed in this new chapter of Hamilton’s history.
FUTURE: Tangible Progress For 2012, I expect very tangible progress in moving the Strategic Plan forward. The City, as a whole, has garnered positive momentum carrying forward from 2011. My hope when you read our next report in June 2013, the City will have
Respectfully yours,
Joshua A. Smith City Manager
HAMILTON CITY COUNCIL (from left to right): Vice Mayor Carla J. Fiehrer, Timothy F. Naab, Robert M. Brown, Mayor Pat Moeller, Rob Wile, Archie A. Johnson, Kathleen Klink.
2
UNEMPLOYMENT RATES / PRINCIPAL TAX PAYERS City of Hamilton, Ohio
UNEMPLOYMENT RATES Annual Average Rates 2006-2011
12
Percent of Labor Force
11 Annual averages are not seasonally adjusted.
HAMILTON 9.8% (2011) NATIONAL 8.9% (2011) BUTLER COUNTY 8.6% (2011)
10 9 8 7 6 5 4
2006
2007
2008
2009
2010
2011
Source: Ohio Bureau of Jobs & Family Services
PRINCIPAL TAXPAYERS (PROPERTY TAX) Taxpayer
Type of Business
Tippmann Realty Partners, LLC Shadow Creek Apartments, LLC Colonial Senior Services, Inc. AHP Knollwood Crossings I, LLC Pedcor Investments 2004 LXXII Hamilton Plaza, LLC ETAL Hatteras Properties LTD Meijer Stores LTD PRT VCG Hamilton Crossings, LLC MAF Real Estate LLC
Real Estate Real Estate Health Care Real Estate Investments Real Estate Real Estate Retail Real Estate Real Estate
2011 Assessed Valuation*
Subtotal All Others TOTAL
6,321,070 5,126,050 4,652,250 4,403,310 4,006,940 3,444,120 3,307,570 3,272,510 3,079,320 2,832,100 40,445,240 855,309,080 895,754,320
Percentage of Total Assessed Valuation 0.71% 0.57% 0.52% 0.49% 0.45% 0.38% 0.37% 0.37% 0.34% 0.32% 4.52% 95.48% 100.00%
*Assessed Value is the portion of property value that is taxed. For Commercial and Industrial properties, it is generally 35% of the appraised property value, although there are exemptions for some properties. Amounts are for the Collection Year ending December 31, 2011 (Tax Year 2010). Source: Butler County Auditor
2011 National Citizen Survey The City of Hamilton surveyed its residents in 2011 as part of the City’s Strategic Plan and the Customer First initiative. The City contracted with the National Research Center to conduct the National Citizen Survey in the latter months of 2011. The National Citizen Survey is tied to the ICMA* Performance Measurements, which are used by the City to evaluate itself. 3
The scientific survey was mailed to 1,200 residents who were randomly selected. A total of 348 surveys were returned, yielding a response rate of 31%. Typically response rates obtained on citizen surveys range from 25% to 40%.
percentages that reflect the portion of respondents who gave a favorable rating of Excellent or Good. For more detailed information on the survey, visit www.hamilton-city.org and look under “City News.”
The results of the Citizen Survey can be seen throughout this PAFR. Unless otherwise stated, scores are shown as
* ICMA stands for the International City/County Management Association
REAL ESTATE SUMMARY REAL ESTATE TAX LEVIES
Overview The Ci Th City y of Haamiltton reeccei eive vess a po ve orttio i n of o the reaal esta essta tate ttee taxes ax xess colle olllect lectted d on alll reeal a pro rope peerrtty llo pert ocaate ted w ted wiitth hin in the Cit i y. y Th This is is a so sour u cee of re ur rev veen nu ue pr prov ov vid din ing grea gr eatly ea tly ne tl need eded ded d Geen neerraall Fun und do doll ollar arrs. s Th T esse ta t xd do oll llaarrs su llar uppor ppor pp ort pu publlic saf afetty serv se erv viicces es suc uch as as tho hosee pro ovi vided ded by pol de olic icee an ic and d fi fire ree dep eparrtmen tm meen nts,, ass well ass many nt aan ny otthe o herr cr crit i ic it ical al gover al ov verrn nm ment ent fu en fun ncccti tion ti ons. on s. Sh Show own ow n be b lo ow aarre a sseeri ries eess of gr grap aphs hs and d ch har artss dep pic icti cti tiing ng key y eleement meent n s of rea eall essta tate te rel elat atin ing g to to the he Cit ity of o Ham a il ilto on.
Name of Levy
Values and Collections T e fo Th foll llow ll ow win ing g char chaarrrts ch ts sh ts ho ow th he am amou ount nt of mo oney co oll l ec ecteed by b the he Ciity ov ver e the pas astt fi fiv vee yea ears rs thr hrough ough rea ou eall es esta tate tee taaxes axess. Theese tax xes com me from p op pr oper per erti t ess in fo ti f u urr maj ajor ajor or cla lassssif ific icat atio ions ns:: Res esiid iden ntiaall, Ag A riiculttu urral a , Co ommerci cial ci and an d In nd du ust ust stri tri r al al. The he vaallu uees sh show own n re repr pres esen en nt “A Asssesse sed d Vaalue, e, or thaat p e,” po ortio on off the he pro rope p rt pe r y valu lue th that at is ta at taxe x d. d Si Sinc ncee ta tax x co ollec ection ns are re receeived ived iv d on th the the p io pr or y yeear ar’s ’s val aallue lue ues, ues, s, the heree is a d here deelaay in n thee imp pac act to to the he City’ ity it y’’s fi financ fina nancces fo na orr laarg larg ge ch haan nge g s in n rea eal esta esta es tatee val alue u s. No Noti tice ti ce how w thee ho ou usiing n marrke ket co oll llap ap psee o 2008 of 00 08 be bega ega gan to to imp mpac act cco o olllec ecti t onss fo or th thee Ci City ty y in 20 2010 10.. In 20 200 09 9, th 9, the co ou un nty y au udi dito tto or ad dju just sted st e ass ed ssessseed vaalu ues es to mo moree accccur uratel urat attel ely re refl flec fl ect the th he ch chan nges ges th ge that at had d o curred in 20 oc 008 08 in th the lo loca cal real cal ca reeal est state att market. Prior to th the he re rece cent ce nt ecco ono nomi nom mic cris cr issis, s, th thee va valu lu ue of most pr p op per erti ties inc ties ti ncre reas re ased as ed from year-to-year ar, prov ar prov pr ovid ovid idin ing g h me ho meow ow wne ners rs wit ith h ri risi sing si ng equ quit ity it y in n the heir ir hom mes e and d a sma mall lll amount of growth h in i C ty Ci t revenues to t off ffsett riisiing g costs t.
City of Hamilton, Ohio
CITY OF HAMILTON PROPERTY VALUES
Gross Effective Rate Rate
General Operating Fire Pension Police Pension
3.21 0.30 0.30
3.21 0.30 0.30
Total Inside Millage
3.81
3.81
Charter Fire Force Police Fire & EMS
1.00 1.00 1.00
1.00 0.79 0.79
Total Hamilton Real Estate Tax Levy
6.81
6.39
Source: Butler County Auditor
Unbundling the Real Estate Tax Levy Sh S how how wn in i thee cha hart r abo rt bove aree thee rea bove eall es esta ttaatee t xe ta x s brok ken e dow own nb by y ind ndiv ividua iv id dua u l le l vy. The h chart showss th thes esee ra es r tees base based ba d up upon o “mi on mill lllag llag ge, e,”” or or the rate charged against eac ach ac h $1 $1,0 ,0 000 0 of ta taxa xaable ble bl prop pr oper erty t value. Amounts collected for levies other than general operating levy must be used for those specific purposes purposes.
(Assessed)
For the Year Ending December 31, 2011 Tax Year
Collection Year
Residential & Agricultural Real Estate
Commercial & Industrial Real Estate
Public Utility Property
2010
2011
$655,519,560
$234,343,570
$5,891,190
$0
$895,754,320
2009
2010
$656,289,410
$244,145,280
$2,461,240
$0
$902,895,930
2008
2009
$690,959,290
$259,251,020
$2,719,800
$0
$952,929,110
2007
2008
$659,547,141
$243,918,689
$3,167,600
$38,617,646
$945,251,076
2006
2007
$653,122,570
$241,197,190
$7,410,550
$50,884,160
$952,614,470
Personal Tangible Property*
Total
* Personal Tangible Property Tax has been phased out. Source: Butler County Auditor
REAL ESTATE PROPERTY TAX COLLECTIONS Collection Year
2011
$5,686,536
2010
$5,966,615
2009
$6,712,434
2008
$6,225,033
2007
$6,118,740 Source: Butler County Auditor
4
REAL ESTATE TAX BURDEN
Real Estate Tax Burden District P64 Total Effective Tax Rate: $50.34 per $1,000 of Assessed Value
HOMEOWNER’S TAX BURDEN ON A $100,000 HOME
Shown in the chart below is the annual tax burden on the owner of a $100,000 home in the largest taxing district for thee City of Hamilto on. Both Butler County and the Hamilton School District receive fundin ng from real estate taxes paid by Hamilton residents. The “burden” is the amount of tax paid as adjusted for rollbacks and exe xemp mpti tion ons. s Th T e The “Effective Tax Rate” is the rate charged against the por orti tion on of a home m ’s ’ value that is taxable, or “assessed.” Certain rounding has occurrred d for orr e se of presentation. ea
CITIZEN SURVEY:
Hamilton Schools $1,033.37
Community Inclusiveness
Residents are minimally civically engaged. While only 16% had attended a meeting of local elected public officials or other local public meeting in the previous 12 months, 85% had provided help to a friend or neighbor. About one third had volunteered their time to some group or activity in the City of Hamilton.
Butler County $274.12
City of Hamilton $195.85
Metroparks $15.31
TOTAL 2011 TAX BILL: $1,541.62 Sou Sou urce ce: Bu utl ttllerr Cou County Co tty Au Audit diitor’ orr s Offi Offfi ffficee
Lane Public Library $22.97
City of Hamilton, Ohio
POPULATION AND CONSTRUCTION PERMITS For the Year Ending December 31, 2011
1970 67,875 Source: US Census Bureau and 2011 Ersi Forecast
5
1,500 1,000
2,049
1,964 $30,986,050
2,000
2,190
$49,554,425
2,087
1990 61,436 1980 63,189
2,355
2,500
$95,819,774
2000 60,690
2,818
$65,728,532
2010 62,477
3,000
$39,177,199
2011 62,225
CONSTRUCTION PERMITS ISSUED
$45,064,121
POPULATION FIGURES
2006
2007
2008
2009
2010
2011
Represented in the graph are the total number of construction permits issued since 2005, with the estimated cost of construction of the projects for each year. The types of permits included are building, electrical, plumbing, HVAC, Fire Alarm, Fire Suppression, and Other Permits. Source: Hamilton Planning Department.
PUBLIC SAFETY / GOLF / HAMILTON CITY SCHOOLS 2011 Fire/Emergency Medical Services
2011 Police Services Number of Calls Resulting in Dispatch of an Officer
Number of Calls Resulting in an Emergency Response
62,564
Residential Fire Incidents
Law Violations: 6,589
Commercial/Industrial Fire Incidents
Felony Arrests
1,587
EMS Patients Served
Traffic Citations Issued
6,418
Parking Tickets Written
3,721
Misdemeanor Arrests
Number of Inspections Performed
CITIZEN SURVEY:
11,733 92 21 7,653 2,159
Public Safety
Safety from crimes of any type is important to the overall quality of our community. Citizens rated how they felt in certain areas and certain times of the day. 85% felt either “very safe” or “somewhat safe”, in their neighborhood during the day, and 57% after dark. Police Services were rated 65% favorable and Fire Services were rated 80% favorable.
CITIZEN SURVEY:
Quality of Life
The overall quality of life in the City of Hamilton was rated as “excellent” or “good” by 40% of the citizens who responded. A majority reported they plan on staying in the City of Hamilton for the next five years. The three characteristics receiving the most favorable ratings (ratings of “excellent” or “good”) were ease of walking in Hamilton (47%), the availability of paths and walking trails (48%), and the availability of affordable quality food (47%).
City of Hamilton, Ohio
GOLF COURSE OPERATING RESULTS For The Year Ending December 31, 2011
REVENUE $876,694 OPERATING EXPENSES $763,911 DEBT SERVICE $238,835 NET REVENUE OVER/(UNDER) EXPENSES -$126,052 Note: Transfers from other funds are included as Revenue. The operating results shown on this page for the Golf Course Activities for the year ended December 31, 2011 are presented on a non-GAAP basis. Readers desiring to view GAAP basis information should review the City's audited financial statements, which are contained in the CAFR, available on the City’s website or by contacting the Finance Department.
The Hamilton City School District serves over 9,400 PreK-12 grade students. The District has eight new elementary schools (grades Pre-K through 6), two completely renovated middle schools (grades 7 and 8), a new Freshman School (grade 9, and a totally renovated Hamilton High School (grades 10 through 12).
Work force development is a key element of any comprehensive economic development strategy, and quality schools help attract new residents and businesses. The City of Hamilton is proud to have Hamilton City Schools as a key partner in building a strong financial future for our citizens.
The Hamilton City School District has completed a $250 million MASTER FACILITIES PLAN with financial support from the Ohio School Facilities Commission and the generosity of the Hamilton community. This facilities plan includes ten new schools and two completely renovated schools.
Hamilton High School is the only comprehensive high school in Butler County, offering Career Technical Education classes, advanced placement courses, and dual high school / college credit programming. 6
ECONOMIC DEVEL
Hamilton’s All About New Opportunity While Hamilton has recently ThyssenKrupp Bilstein’s investment experienced notable losses in the paper brought Governor Kasich to town to industry, we have also made notable herald the award of Third-Frontier dollars gains. The expansion at ThyssenKrupp and warranted a mention in his 2012 Bilstein of America will utilize new German State of the State speech. Bilstein’s technology at its success also North American caught the headquarters attention of in Hamilton to Speaker of the The City’s South Hamilton Crossing project will provide a needed link between University Blvd., US127, and SR4. produce realHouse John Traffic will travel over the numerous train tracks, providing time damper Boehner who relief to congestion in downtown Hamilton and an easier (RTD) systems for visited in February commute for south side motorists. The artist’s rendering is viewing the overpass from the northeast, looking southwest shock absorbers. of 2012. towards Pleasant Ave. Producing these Interstate parts in Hamilton center is in partnership with Kroger. The Warehousing will reduce the City C ty iss ve very y eexcited c ted about tthee p project oject aand d Ground Breaking held April 19, 2012 of Ohio has also company’s import th h e pote po te e ntia nt ial ia l growth of this strong, stable expa p nd pa n ed its co ost sts, s, provide co comp ompan any y here here in Ha Hami mil ilt lton. lton ex exis xis isti ting ti ng g fac acillit ity y on qual qu alit ity y jobs jobs and inc jo n re reasse th he op o po p rt r un unit ity y Diisttri ribu b tiion Dri bu rive v by ap ve pprrox ximatelly 90 0,0 ,000 00 0 Seveeraal ne new w bu usi sine n ss ne sses es ope pene ned ne d in i 201 011 1 of exp xpan a ding ng pro rodu duct du ct sal ct ales es. The com ompa paany pany squ sq uaare re feet eeet th this is pas ast ye y ar a . The pro roje j ct je c with wi th thin hin in the Cit ity’ y s ur y’ urba b n co ba coree, in incl clud udin ing g is inv n es esti ting over $7 mil illi liion n in eq equi equi uipm pmen pm nt in nvo volv l ed lv ed an in nve vest stme tme ment nt total al of $1 $11. 17 1. True Tr uee Wesst Co u Coff ffee ff e , Ar ee Art Of O f Sy S mm mmes es, s, an nd faciility upgradees. s As a res esul ultt of thi ul hiss milli lllio ion, ion, n whi h ch h is ex expe pect cted e to ed o cr crea eate ea te an te IIn nMo Motti tion ion o Bic icyccllee Sho hop, p Pappa p, appa Lui ap uig gi’ss, gi proj pr ojec oj ect, ec t, Thy hyss ssen ssen enKrup upp up p Bilstein in exp xpec pec e ts aad ddi diti tional on nall 20 fu ull ll-ttime ime em im empl ploy oyee eess. Ross Ro ss Bak aker keerry y,, All ll Tha hatt St Stuf ufff, f, and a Far arme m rs me to o cre r at atee or or ret etai etai ain n at lea east ast 245 45 I In su u ranc ra nce e a ag e en t of offi f fi i ce c e . G ro r o w wt t th h of f new I the offic In fffic icee seect ctor ctor or,, Ko K nc ncerrtI tIT fu full ull l -timee em mpl p oy oyee ees. s. bu usi sn neess act ctiv ct ivit iv i y in it i the h heart eaarrtt of Ha Hami m ltton on anno ounced that at the hey wo oulld be be add ddin ddin ing ing is s e xp p e ec c cte te t e d to c onti on tinu nue e as the he e co c o n no o my y appr prox o imat atelly 50 jobs th at this iss yea e r at Vo orra stre st tre reng reng ngth ngth then een ns. s. Tech Te chno ch nolo no ogy y Park. k Th k. This iss phar ph arma macy cy y sup ppo portt Addi Ad diiti diti tion onal on ally al ly,, the ly th he Ha H mi milton lto lt on n Mer erca rca cant ntil ilee Loft ftts ar are n neearrin ing g co omp mple leti le tion ti on n. Pha hassee I was hase as 10 00% occ ccup upie up ied ie d by by Mar arch ch h 2011, 01 11,, and d P ase II beg Ph egan an n leaasi s ng g to o new w
RiversEdge Phase 1
RiversEdge Park
Plan Plan nni ning ng and fun undi d ng di g acq cqui uisi ui siti tion ti o forr pha on hase se I of th thee Ri Rive v rs ve rsEd Edge ge Par ark k wa wass fi fina nali l ze li zed d in n 201 011. 1. Sh how own n ab abov ovee efffort rt with ith Ma Mayorr Pa May Patt Mo Moell ller (ffar lefft), ) city i counccil il, l an and d co com mmun mm nit ity leader ity ders pa part rtici icipat atiing. A co c nc n ep eptu uall w ll att wi ttra ract ct res e id idents for recreation and pr p ovide a new veenu nuee fo f r ou outd tdo oor even ntss succh as co on nce c rt rtss an and d ffaair 7
LOPMENT UPDATE TRUE WEST COFFEE residents on April 1, 2012. The project includes 29 total marketrate apartments, 3 street-level retail spaces (100% occupied), and a garden level commercial space (entrance from Market Street). Historic Developers LLC, the owners of the Lofts, anticipate reaching 100% occupancy on the entire project by summer 2012. Also in the downtown area, ground will be broken on the RiversEdge project in 2012. Phase I planning was completed and funding acquired from state and private sources in 2011. No General Funds of the City will be used. This new outdoor development just north of the central business district will expand lleisure opportunities for residents and provide a new venue for events, attracting tourist dollars and contributing to Hamilton’s rich artistic and cultural traditions.
PAPPA LUIGI’S
The creation of Hamilton’s Bu B usi sine iness ss Devel elop lopme mentt Tea eam m unders u rsco core res th thee Ci City ty’ss com ommi m tm tmen entt tto fostering ng a gro rowing g business comm co mmun unit ity. y. Th This is tea eam m of dev evot oted ed lleaders and officials has facilitateed Hamilton Mercantile Lofts incr iin crea ease sed d in inve vest stme meent in ou o r comm co mmun unit ity it y by cre reat atin ing g a cu cust stom omer erf cu fo useed ap a proach ch h to de deal alin al ling in ng wi with h new e businesses, startup bussiine bu busi nesssses e , an a d ex exis i ti is ting ng g busin ussin ine ness ess ex xp paan nssio sio ions n . The he tea eam m ai aims ms to bee a sin b ingl gle le po oin nt of of con nta tact tact ct forr nav avig igaattin ng th the reegu g la l to tory ry bod o ie iess off Cit o ity go ity g ve vern vern nm meent. nt. Ins nt nste tead te ead d of po poin in inti nti ting tin ng a bussiin nes e s ow wne ner to ner t vari va riou ri us g go ove verrn niin ng di divisi visi vi sion io on ns w wiith hin n the hee City ity, it y, the teaam wi will lll tak ake ke a prroj ojec ect fr ec from om allll phaassees of dev vel elop opme men men ntt unttil il the he iss ssua uanc ua ncce of of fin inal a al o cu oc cup upanc ncy. y.
ART OFF SYMMES
Th hesse deeve velo ello opm pmen ent nttss are jus ust pa part artt of Ha Hami milt lto lt on’ss suc on u ce c ss sto st ory fo ory or or 20 2 11, demo demo de mons n tr ns trat trat attiiin ng w wh hy th the Ci City t is “A ty All l Abo bout ut New O po Op ort rtun unity” – new ew op pp por o tuni niity y for or bus usin usin inesssseess,, ent ntreepr ntre preen neu neu urs r, an nd th he people who ho call alll Ha Hami milt mi l on lt n “ho home ome me..””
e iss a pho h to of the th he grrou ound n breaking forr th the pr proj o ect, which wass a reaal te oj team dra r wing wiing of the th h fi finiish hed d pro roje ro ject is al ject a so sho hown wn.. Once co wn omp mple l teed, the le he par ak s ri r gh g t in the City’s core ree, wher wh heree bu usi sineess ssess and nd citizenss wi w ll ben enef efit ef i most. it
INMOTION BICYCLE SHOP
Photo by Pat Brown, Brown Studios Photography
CITIZEN SURVEY:
Economic Sustainability
The City recognizes the difficulties of the our current times, and has a dedicated focus on creating employment opportunities for our residents. Employment opportunities (only 8% favorable) and Job Growth (60% responded “Much Too Slow”) illustrate the need for a continued, more concentrated focus on jobs from the City. Overall quality of business and service establishments in Hamilton received ratings of 31% favorable.
8
FINANCIALS City of Hamilton, Ohio
General Fund Balances and Income Taxes
FINANCIAL ACTIVITY STATEMENT FOR THE YEARS ENDING DECEMBER 31, 2011 AND 2010 (In Thousands)
SOURCES OF REVENUE
2010
$126,883 $6,123 $2,841
$132,134 $7,464 $2,857
TOTAL USES
$178,480
$185,093
$32,950 $1,163 $1,970 $2,903 $6,151 $6,605 $5,992 $1,597 $109,445
$33,223 $1,188 $2,458 $5,148 $6,106 $5,543 $5,097 $1,604 $118,983
$168,776
$179,350
$9,704
$5,743
2011
2010
2009
2008
$3,740,093
$5,674 $3,346 $493 $1,184 $3,888
$2,2362,226
$10,357 $3,238 $374 $964 $0
$11 $10 $9 $8 $7 $6 $5 $4 $3 $2 $1 $0
$2,204,092
$22,231 $5,822
$3,549,207
$21,912 $5,788
$9,970,160
GRANTS/CONTRIBUTIONS OTHER LOCAL TAXES INVESTMENT EARNINGS MISCELLANEOUS EXTRAORDINARY ITEM
USES AND EXPENSES SECURITY OF PERSONS/PROPERTY PUBLIC HEALTH/WELFARE LEISURE TIME ACTIVITIES COMMUNITY ENVIRONMENT BASIC UTILITY SERVICES TRANSPORTATION GENERAL GOVERNMENT INTEREST ON DEBT UTILITY EXPENSE
GENERAL FUND BALANCE (Non-GAAP Budgetary Basis)
GENERAL INCOME TAX - NET OF REFUNDS PROPERTY AND OTHER LOCAL TAXES
TOTAL SOURCES
Shown in the charts are historical cash basis year-end balances available to be spent in the General Fund (the primary operating fund of the City), as well as income taxes collected and the various income tax levies that contribute to the 2% rate.
Millions of Dollars
PROGRAM CHARGES FOR SERVICES OPERATING GRANTS CAPITAL GRANTS
2011
2007
In 2011, the City’s year-end General Fund balance was bolstered by unexpected estate tax receipts of $7 million. Normally, the City has received only about $1 million annually from the estate tax, and the tax will end altogether in 2013. Without this one time influx of money, the city’s year-end General Fund balance would have been much lower in 2011. Trend analysis, such as depicted in these charts, can provide a useful tool in analyzing the fiscal strength of the City.
INCOME TAX COLLECTIONS TOTAL SOURCES OVER (UNDER) USES
$24 $23
$22
FINANCIAL BENEFITS
2010
CASH INVESTMENTS RECEIVABLES PROPERTY AND EQUIPMENT OTHER BENEFITS
$31,329 $104,344 $28,032 $396,907 $10,519
$38,566 $70,520 $29,512 $392,784 $10,014
TOTAL FINANCIAL BENEFITS
$571,131
$541,396
FINANCIAL BURDENS AMOUNTS OWED TO EMPLOYEES AND VENDORS NOTES PAYABLE LONG TERM DEBT OUTSTANDING OTHER LIABILITIES
$9,839 $5,900 $293,565 $12,842
$13,265 $0 $274,217 $14,634
TOTAL FINANCIAL BURDENS
$322,146
$302,116
BENEFITS OVER BURDENS
$248,985
$239,280
Benefits over Burdens represents the difference between the financial benefits and financial burdens of the City, providing a Net Worth of Hamilton. The Financial Position Statement, Known in accounting terms as the "Balance Sheet," reports the benefits (assets) available to provide services while Burdens (liabilities) are the amounts for which the City must pay in the future.
9
2011
2010
2009
2008
2007
$16
2011
Note: Rounded figures are presented.
$23,588,883
$17
$24,084,785
FINANCIAL POSITION STATEMENT (In Thousands)
$22,835,725
$19 $18
$22,557,956
$21 $20
$22,045,179
Millions of Dollars
Readers of the City of Hamilton's Financial Activity Statement and Financial Position Statement should keep in mind that both statements present GAAP-basis information in a summary format. Those desiring to review the full detailed GAAP basis financial statements should refer to the City's audited financial statements, which are contained in the 2011 CAFR, available on the City's website and from the Finance Department of the City of Hamilton. The amounts shown were derived by employing the same method of accounting as the 2010 and 2011 audited financial statements.
EFFECTIVE DATES OF INCOME TAX LEVIES January 1, 1960 January 1, 1966 June 1, 1970* June 1, 1984* June 1, 1990*
0.80% 0.20% 0.50% 0.25% 0.25% 2.00%
*Voter Approved
Income taxes are the single largest source of revenue to the General Fund. Income tax receipts are credited 77.5% to the General Fund, 12.5% to the benefit of public safety and health, and 10% is restricted to debt service and capital improvements. In addition to 10% of Income Tax receipts, the City uses a variety of other financing sources, described in the Summary of Debt Outstanding (page 12), to improve and maintain capital assets. Every wage earner who lives in the City of Hamilton must file an income tax return by April 15th of each year. Those who work in Hamilton but live elsewhere, also pay the City’s municipal income tax, but are not required to file a return. The Income Tax Division can assist any taxpayer with questions or information. Returns are mailed each year to all taxpayers of record, but returns can also be picked up at the Municipal Building or found on the City of Hamilton Web-Site at www.hamilton-city.org.
REVENUE AND EXPENDITURES City of Hamilton, Ohio
WHERE THE MONEY GOES
WHERE THE MONEY COMES FROM SOURCES AND REVENUES (ALL FUNDS)
USES AND EXPENDITURES (ALL FUNDS)
FOR THE YEAR ENDING DECEMBER 31, 2011
FOR THE YEAR ENDING DECEMBER 31, 2011
TOTAL SOURCES AND REVENUES: $178,479,660
TOTAL USES AND EXPENDITURES: $168,775,343
CHARGES FOR SERVICES $126,882,618 71.09%
UTILITY EXPENSE $115,595,980 68.49%
INCOME TAXNET OF REFUNDS $21,912,270 12.28%
OTHER $4,575,890 2.57% CAPITAL GRANTS $2,840,983 1.59% OPERATING GRANTS $6,122,577 3.43%
PROPERTY TAX $5,788,190 3.24%
SECURITY OF PERSONS AND PROPERTY $32,949,502 19.52%
PUBLIC HEALTH AND WELFARE $1,163,297 0.69%
INTEREST TRANSPORTATION $1,596,931 LEISURE $6,605,053 0.95% ACTIVITIES 3.91% GENERAL $1,970,218 GOVERNMENT 1.17% $5,991,786 COMMUNITY 3.55% ENVIRONMENT $2,902,576 1.72%
GRANTS AND CONTRIBUTIONS $10,357,132 5.80%
GENERAL FUND WHO SPENDS THE MONEY FOR THE YEAR ENDING DECEMBER 31, 2011
Police
$13,538,409
Fire
$13,437,487
Finance
$2,879,575
Special Appropriations
$2,739,612
Municipal Court
$1,613,208
Public Works
$1,475,425
Civilian Dispatch (911)
$1,221,025
Parks & Recreation
$1,096,884
Health
$1,072,273
Planning
WHAT THE MONEY IS SPENT FOR SALARIES & WAGES $21,327,674 50.98%
EMPLOYEE BENEFITS $13,775,558 32.93%
OTHER $6,734,625 16.10%
$907,562
Law
$575,154
Corrections
$429,296
City Manager
$285,005
Civil Service
$278,909
City Clerk
$136,584
City Council
$100,564
CDBG Expense
The General Fund Cash Expenditures by Department, and Category Listed are the total actual dollars spent plus obligations for all the various departments within the General Fund of the City. Also shown is a graph depicting dollars spent by category of expense. These amounts are also based upon actual cash expenditures plus obligations outstanding on 12/31/2011 (non-GAAP Budgetary Basis). Readers interested in more detailed GAAP-based information about expenses are encouraged to read the Comprehensive Annual Financial Report (CAFR), which is available on the City's website or by contacting the Finance Department at the City of Hamilton.
$50,885 0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Millions of Dollars
Total 2011 General Fund Expenditures = $41,837,857
10
DEPARTMENTAL PROFILE
Public Works The Th he Pu P bllic ic Wo orrks ks Dep par artm men ent nt is is reessspo pons po onsible ib bllee for or the operrat atio ion, n,, maaiint nten nan ance ce, an and d im impr prov vem emen nt o off a wid ide de rraang ge of of p blic pu bllicc ass s etts th t roug ughout hou utt the h Ciitty y.. Th he Dep Dep De paarttme ment n haass eig ght divi di v si sion ons: Adm ons: min inistr trat atio iio on n,, Eng ngin inee nee eeri r ng g, Fl F eeet Ma Main i tteen naanc nce, e, Go G olf l Cou o rses rses rs e , Pa Park ks an nd Re Reccrrea eattiion on, Stre Strreeeetts, St s, Tra rans np ns po ort r at atio ion/ n/ n/ Traaf Tr affi ficc,, and fic, nd Ref efu ussee.. W Wh hile ille reecei ceiv ce ivin ing g ab a ou ut $1 $1.4 .47 mill miill llio ion on off Geen n ner eral er all Fund und ssu un upp ppor po orrt in n 201 011, 1 mo 1, osst o off thee fundi undi d ng ng fo orr Pu P ubl blic lic i Works orks or ks’ pr proj ojeecct cts ts comes es fro rom m ot o heer so sourrce sour ces es in insi insi s de de an nd d ou uts tsid tsid de off the he Citty y,, in ncclu udi d ng g fed deral eraall and er d sta tate te graantts, s, uti tili lity ty taaxe x s, bon ond ded d de ded deebt bt, t, an and d ta tax incrrem emen ent fin fin fi naanc ncin i g. g. So Some me of t e fu th fun nd din ng is is “re rest stri rict ctteed d d”” for for use fo usse on u o cer erta ttaain in proje rojeect ro cts, s, whi hile le otthe othe her so her sour urrce c s are ea earm rmar ark ar keed ffo or m maaiin ntena nte ten te naanc ancce o off inffrast rassttru ra uccttur uree tth hro roug ugho ug h ut ho ut the he ciitty orr in a sp pec ecif iiffic ficc zon one. e So S ome me str tree eet impr prove ov vem emeen nt p prrojec ojjeccttss tha o hat wi w lll spa pan n severaal yeear y ear ars maade sig ign niifi fica cant ntt pro n rogr grress esss in n 201 011 1.. Th Thes esee p es prroj ojec jeccttss arree CITIZEN SURVEY:
City Employees
The residents who interacted with an employee of the City of Hamilton in the previous 12 months gave high marks to those employees. Most rated their overall impress of employees as “excellent” or “good.”
iim impo mport rtan antt fo for prrom mottin ing g ec econ onom o ic activ ivity iv y in n Ham a ilto on, attrac at trac tr acti t ng ti g new w bus u in nessse sess an and nd em e ploy yer e s, and nd d jusst ma maki maki king ng lif ife e sier ea sier si er for or ressid deen nts ts and nd vissit itor orrs al o a ik ke. On One su ucch h pro rojje jectt is the th he Sout So u h Ha ut Hami miilt m lton on Rai on ailr lro oaad ad Gr Grad de Se Sepa para rati tion on (So Sout Sout uth th Ha Hami milt mi lton lt on R iillro Ra road ad d Cross ro oss ssin in ng) g) Prro ojjeect ct. Pro rogr gres gr ess ss was ma made dee in 2011 d 20 011 1 w th wi h thee com ompl pllettion io on off the he draft raft ra ft Preeliimi m naary Engin ng gin inee e riing Reep po ort r and con o tiinu uat atio io on of o env viirro on nment ment me ntaal stu tu udi dies. Selec ecti ec tio ti ion on off the he fin inaal al altteerrna nati tive ti vees is com mpl p et etee an and d wa wass pres prres esen ente en ted d to to City Ci ty Cou o nc ncil ill in De Dece cemb ce mb m ber er. Cit ity y ssttaf a f is worrki k ng dilig gentl en nt y to ideenttif i y su uit itab table ab ble le grraant nts ts an and nd ot othe herr fu he fund ndin ng so s ur urces forr cons co nstr truc tr u ti uc t on of th this is proje ject ctt, de dessiign ign gned d to al alle levi le viate tr traf afffi fic fic co ong nges essti tion o in th on he Ci City ty’s ty ’ss Centr trrall Bus usines in nesss Di Dist Dist stri rict ri ictt (Hi H gh Strree e t) whille prrov wh ovid iid ding in ng im impr prrov prov oved e acc cces esss betw betw be twee e n Pl ee Plea easa ea saant n Avenu veenu n e (U US 12 27) and d Eri riee Bo Boullev evarrd (S (SR R 4) 4) on th thee so outth si side dee of Haamilton Ham ton on..
Othe Ot her ca he cap piital tal im ta impr prov vem meen nt projjeccts are re in th the pl planning pla g stag st gee.. Co onc ncep cep eptu tuaall dessign tu ig gn pl plaan ns were weere dev vel elop ped to im mpr prov ve ttrraf affi ficc fllow fi ow and n str tree e t aallig ee ignm gnm meen nt at a sev everal al int n erse seecttio i ns n incl in clud cl ud u diin ng Ma Main n/M / il i lv ville illlee/E il Eat ato on o n and d Ple leasan an nt//Laaurel ure Aveenu ues. Ad A ddiiti tio on nall turn niing lan anes ness aree plaann ned e for o Hig gh St Stre reet re et at Mart rtin rt i Luth Lu her er Kin ng Jr. Jr Bo Jr oul ulev ev vaarrd an nd H Hiigh h Str t ee eett at Eriie Boul ulevar ul ard. ar Co ons nstruc truc tr ucti tiion n of an an ex xtten ende nde d d tu turrn rn lan anee att Ham amps pshi ps h re Driive aatt Hig gh St Stre reet re e is co et comp mp ple l te. tee. The Eas astt Hiigh h Gat a ew e ay Pro oje j ctt wiill ll not on nlly beeaau uti tify fy y the he Citty’ y’ss ma m jo j r gatewa w y be b tw tween Erie Bou Er Erie oule ule levar vaard rd (S SR R 4) an and d ML MLK LK Bo B ulev ev var a d bu butt wi will ll als ll lso he help lp lp veehi v hicl cles cl les e move th hro roug u h th ug he C Ciitty y mor oree ef effi fici fi ciiently.. 11
Traafffi Traf Tr fic co cong ng gesti esstiion on can n be a ma majo jo or so sour urce ccee of fr frustr frus ustrat us trrat atio atio ion on th t att can neegaati tive vely y imp m ac actt ou ur ec econ on o nom omy. y.. B y Bu usi sine nesssses sess an nd d reessid iden nts ts ex xpe pect c tra rafffic ic to fl flow ow w sm mo oot othl hlly aatt all hly ll tim mes es of th the he da day. y Tr Traf Traf afffiic siign gnal a s arre in i st stal alle al lle l d to reg egullatte ri righ htt--off-w way y at iin nteersec rseeccttiion rs ns an nd to o imp m ro rove vee saf afet ety et y fo forr m mo oto oto t riist sts, s,, ped desstr tria i nss and ia nd bic icy yccli list ist sts. s. Thee Ciity Th ty acq qui uireed a sa uire safe fetty fe y gra rant rant n thr hro hrou ou ugh ugh gh the Oh hiio De D pa part rtm meent nt off Tra o rans nspo ns spo p rttaattion io on (O (ODO ODO OT T)) to st stud ud dy an and nd re re-t -tim i eap po ortio rtio rt ion of of the he City City y’ss trraafffic ic siig gnaal sy ysttem to ottal alin ing in g 23 23 int nter erse sect c io ct ions ons n , iin nclud cllud udiin udin ng High Hi gh Strreeeet an nd po port rttio onss of Main Maain n Str tree ree e t an a d Maart r in in Lu uttheerr Kn Ki ng g Jr. r Bou oule lleev vaard (US S 127 7)).. Th T e co ons nsul ulta ul lta tant ant co on ndu duct cted ct d traaff fficc co ou un nts at ea each h in ntter ersseect c io ion, n, inv nves esti es t ga ti g te ted d trrav avel el tim mes es, s pr preep pared ared ar ed a co omp mput utter er mod odel e to siimu m la late tee tra r ff ffic icc act ctiv ivit iv ity al ity it alon ong g th he corrid co rridor rr id dorrs an nd pr p ep par a ed d new w sig gna nal ti timi miing ngs fo for ve vehi hicu hi ula lar an and pede pe dest de stri st rian a tra raff fffic ic.. In ad ddi d ti tion o , tth on he Tr T an ansp spor o ta or tati tion ti on n and d Tra raffffiicc Divi Di visi vi sion si on o n pre repa p re red d ne new tr traf raf affi ficc siig gn naall tim imin ings gs for or 21 ssiiign gnal gnal gn a iizzed d inte in teersseeccti ters tion on ns aad dja jace acent ceent nt to th hese esse co orr rrid idor do orrs to o coo ord din inat ate wi with with h th hee maain n corrri r do or si sign nal a s. s. All ll traaff ffic sig igna nals ls in th ls he Ci City ty y are now o equ uip ippeed with with wi th LEDLE D-ty tty ype p lig igh httin ing wi with th fou our inte in nte ters ters rsecti eccti t on ns ad dde ded in i 2011. 011.. 01 In add In ddit itio it io on,, bat atte t ry te r bac acku ck ku up po owe werr h haas be been en n ins n ttaaall llled d at 15 5 siig gn nal aliz izeed iz ed int nter nter erse s cttio ion nss. Co n ollum mbi bia Br bia Brid idge id ge (bo ge both th h sid ides), es), B es S re St reet et at M Maain i Sttrree eet an eet and nd Fa Fair irr Ave v nu nuee at a Hig igh h St Streeet are Stre r sche sc hedu hedu he dule leed fo led or in inssttal alla llaati atiion n of ba back ckup ck u power ow wer e in 20 012 2. Du urrin i ga p weer ou po uta t ge g , this thiss equ th quip ip pmeent n pro ov viide des baack cku kup up pow wer e for or 8 to 12 ho ou urs rs. s. The Th he 20 2010 2010 0 Con ncr c et etee R Reep paaaiir ir and Res esur u fa ur faci cing ci n Pro ng rogr g am m was wa as co omp mple lete ete t d in 201 0 1, 1 whi h ch h reessu urrfa rffaace aced ceed 8. 8 2 ce cent ntter erli line li ne ne miillees off str tree eeetss an nd d rep paaiired reed conc co onccrreeete te cur urbs bs, ssiide d waalk lks, s, and driv dr iv ve ap approa appr proa oach ches ch es.. The 201 es 011 1 Re Resu surf su urf r ac acin in ng an nd Maain inte inte t naanc n e Prog Pr og graam wa w s al also so o compl om mpl plet eted et ed,, ad ed a di d ng g 7.5 5 cente en nte terl rlin in ine ne mile miiles les of of resu re esurf su urf rfac fac aced ed d str tree eeets eets ts.. In to totaall,, 15. 5.7 7 mi mile mil les of o City ity st it stre tre reet eet e s we were re re reesurf su urf rfac a ed in 20 ac 2011 011,, at at a tot otal a cosst off $6. 6 85 8 mil illi liion on.. The he 201 011 1 Co onc ncre rete re te Rep epai a r an ai and d Re Resu surfac rffacin accin ing Pr Prog ogrra og ram is und nder der erw way wi way wa with ith th 2.71 71 cen ente terl te rlline ine miile less of o stree trree eets tss to be ressur urfa f ce c d an and d co onc ncre r te te repa re p irs pa irs att a cost osst o off $2. 2.65 65 milli illli lion on n. Preli reli re lim min mi naary y wor ork is now ow un nd deerw r ay y on th he 20 012 1 Con o crreette Repa Repaairr and Re d Res esur urfa ur urfa faci c ng ci g
P og Pr ogra raam th ram that a willl im impr p ov pr o e 3..81 8 cente terl rlinee mi rl mile lees at les a an eesstiima mate ted te d co c st off $ $2 2.1 1 mil illi lion io . Wh hil ilee th this his iss only l a par arti t all lis i t off Pub u lic Wo W rk rks’ pro oject jectss je aand accco omp mpli l sh hme ments fo f r 2011 20 01 , it dem e on o sttra rate tes th te thee co omm mit itme ment me ntt to th t e larg laarg ger goa oals ls of Haami ls m ltton o ’s Str t at ateg eg gic i Pla lan, n, h lp he lpin ng to t cre reat atte Ec Econ o om on mic Op pp por por o tu uni nity ty y and a Possitiv ittiv ve Im mag ge, e w ile wh le Co onn nnec e ti ec t ng g Peo opl p e an nd bu b il ildi d ng di g a Sen nse s of Pl Plac acce in the he co comm omm mmun unit un ity. it y.
DEBT SUMMARY City of Hamilton, Ohio
SUMMARY OF OUTSTANDING DEBT For the Year Ending December 31, 2011
The City of Hamilton has employed a variety of financing techniques for capital improvements, as described below:
Notes Payable Bond Anticipation Notes are instruments due in one year or less, and are issued to raise money for projects of the City. These notes are usually turned into bonds at the completion of the projects.
Special Assessments General Obligation Bonds These debts are issued to General Obligation Bonds are long-term debts that are paid from the City's available resources and for which the City pledges its full faith and credit. These debts include the Parking, Golf, and One Renaissance Center Bonds.
finance improvements for property owners, who must then re-pay the City over a period of time.
OWDA Loans
Utility Revenue Bonds
OWDA Loans are low interest loans made to the City for Water and/or Sewer projects by the Ohio Water Development Authority (ODWA). Payments are due every six months for a period of twenty years.
Utility Revenue Bonds are special limited obligations issued to pay for improvements of our utility systems and for which revenues of the systems are used to re-pay the bonds. These bonds include the Gas, Electric, Water, and Wastewater bonds.
DEBT ACTIVITY Balance at January 1, 2011
Debt Added (Issued)
Debt Repaid (Retired)
Balance at December 31, 2011
Special Assessment Bonds
1,650,000
0
(250,000)
1,400,000
General Obligation Bonds +
29,820,000
20,895,000
(21,685,000)
29,030,000
0
5,900,000
0
5,900,000
26,895,000
0
(995,000)
25,900,000
Water System Notes Payable Water System Bonds* Gas System Bonds* Electric System Bonds*
10,970,000
0
(1,175,000)
9,795,000
168,775,000
0
(7,025,000)
161,750,000
31,845,000
29,620,000
(1,385,000)
60,080,000
Wastewater System Bonds* OWDA Loan* Totals
431,837
0
(15,624)
416,213
$270,386,837
$56,415,000
($32,530,624)
$294,271,213
+ Existing bonds were refinanced in October 2011. * Principal amounts; the city's payment obligation is limited to utility revenues. These bonds are denoted below as Utility Revenue Bonds.
HISTORICAL DEBT ANALYSIS
Shown in the graph below is a historical analysis of the amount of debt outstanding by year and by type of debt.
$350 $300
$294,271,213 $270,386,837
$282,505,000 $267,793,000
$258,292,000 Lines of Credit Payable
Millions of Dollars
$250
Notes Payable
$200
OWDA Loans Special Assessment Bonds
$150
General Obligation Bonds $100
Enterprise Notes Payable Utility Revenue Bonds
$50
$0
2011
2010
2009
2008
2007 12
CITY’S UTILITY SYSTEMS
Aeeri A r al al pho hotto togr togr grap aph of ap of thee Citty’ y s SO SOUT OUT TH WA WA ATE TER TE R TR T REA EATM TMEN TM E TP EN PL LAN ANT T, lo occaate ate ted ed on Rive iver iv er Roa oad. d. Dr Draw awin ng waate w teerr tth hrro oug gh de deep ep p wel ells lls ls fro rom m th t e Grea Greaat Mi Gr Miami Miam am mi Bu B ri ried ied Vaall V lley lley ey Aq qu uifer ifer if er, tth he S So out uth Pl Plan lan antt ha has a ca caapa paci pa city ci ty y of 40 40 mill mi lllion lli ion ga gallllon ons p peer da day, y and serrve v s cu c st stom omer om omer e s thro th hro roug ug gho h u utt the th he Ci City ty y an nd d man ny pa part r s off But utle leer C Co ou un nty. ty y.
Aerial photograph of the 70.2 megawatt, GREENUP HYDROELECTRIC PLANT, placed in service in May 1982. Greenup is located on the Ohio River, 120 miles east of Cincinnati, near Franklin Furnace, OH.
April 2012 aerial photograph of the 105 megawatt, MELDAHL HYDROELECTRIC PLANT, u under construction at the Capt. Anthony Meldahl Locks and Dam, on the Ohio River. Meldahl is locaated 30 miles east of Cincinnati, near Augusta, KY. The expected completion date of the Project is 201 14. City of Hamilton, Ohio
UTILITY OPERATING RESULTS For the Year Ending December 31, 2011 CITIZEN SURVEY:
GAS
Utility Service
Residents gave favorable satisfaction to the Utility Services all with 50% or more rating “excellent” and “good”: storm drainage (50%), sewer services (65%), power (electric and/or gas) utility (59%). Drinking water ranked the highest satisfaction at 87%.
REVENUES/CONTRIBUTIONS
ELECTRIC
WATER
WASTEWATER
$22,014,962
$63,441,945
$15,000,714
$12,368,786
13,744,349
21,810,942
0
0
Operating Expenses
5,485,829
20,595,571
10,795,637
7,355,594
Depreciation
1,887,279
10,751,205
2,733,227
2,272,079
660,413
8,285,380
1,439,812
1,813,966
$21,777,870
$61,443,098
$14,968,676
$11,441,639
$237,092
$1,998,847
$32,038
$927,147
EXPENSES Purchased Power / Gas
Non-Operating Expenses TOTAL EXPENSES NET REVENUE OVER OR UNDER EXPENSE
Th operating results for the Gas, Electric, Water and Wastewater Systems for the year ending December 31, The 2011 2 0 are presented on a non-GAAP basis but were obtained employing the same accounting basis as the City's financial statements. Readers desiring to view the GAAP basis financial information should review the aaudited u City's audited financial statements, which are contained in the CAFR, available on the City's website or by C contacting the Finance Department of the City of Hamilton. co
13 3
Thank You The City wishes to express its deep appreciation to its citizens for their support and perseverance during the past months of uncertainty and challenge. As the economic future brightens, we can look forward to improving our City, along with the lives of those who call Hamilton “home.” We are making inroads in a new and exciting epoch of growth, opportunity, and high-quality city services delivered at the lowest possible cost to taxpayers. The City of Hamilton would also like to express its gratitude to American troops serving and having served, many making the ultimate sacrifice, to preserve our way of life. We also salute the families of all our fallen heroes, to whom we are indebted beyond measure.
“The republican principle demands that the deliberate sense of the community should govern the conduct of those to whom they entrust the management of their affairs.” - Alexander Hamilton
Information concerning the City of Hamilton, Ohio, including the Popular and Comprehensive Annual Financial Reports can be viewed at our web site:www.hamilton-city.org
This report was prepared by: The Finance Department of the City of Hamilton Peg Bradner Hancock, Director
14
City of Hamilton, Ohio Directory 345 High Street, Hamilton Municipal Building, Hamilton, Ohio 45011 • 513-785-7000 • www.hamilton-city.org
TO REPORT
TO OBTAIN
TO CONTACT
FOR INFORMATION ABOUT
Power Outage or Power Lines Down 785-7550
Birth or Death Certificates 785-7080
City Manager’s Office 785-7002
Sidewalk Assessments 785-7170
Gas Leak 785-7550 or 911
Construction Permits 785-7360
Water or Sewer Problems 785-7550
Vendor Li License Lic cen en nses es 7855-7 -717 71 170 17 70 70
Pollution Threats to Water Supply Wells 868-5993
Handicapppeedd P Park arking kin Permits 785 5-7290 9
Communicable Diseases 785-7080
Speciaal Evvent Permits P 868-58 811 1 ex ext ext. xtt. 1122
Nuisance Properties 785-7080 Traffic Signal, Sign or Obstructed View Problems 785-7290 Potholes 785-7550
Business He Hea ealth thh Permits P Perm rmitt (Food Service, Swimming Pool,l, Ve Vending Vendi V ding ding, g, Tattoo Tattoo too Par Parlor, etc.)
785-7080 080 80 0 CAFR, PAFR Copies pies es (Also on City Website)
785-7170 City Council Meeting Minutes and Agendas 785-7040
Hamilton Police Department (Non-Emergency)
868-5811 Hamilt Ham milton m mil il ilton n FFi Fire Department (Non (N Non-Em N No on-E o Em mergency)
785-7 78 785 85-7 75 7500 Municipal Court Coourt C Crim Cri rim minal Division ((including Probation b n anndd Traffic Court)
785-7 8 730 00 0 Municipal Court C tC Ciivvil Division (S Sm S mall Claims, Eviction m vi ns, G victi Garnishments, etc.)
785785 7 85-73 33 30
City Income Taxes and Forms 785-7400 Potter's Park Golf Course 868-5983 Twin Run Golf Course 868-5833 Business Development Team 785-7070
Economic omicc Dev Dev evelop velo lop opment Department 785-7070 78 85
Neighborhood Development Programs 785-7020
Pa and Recreation Division Par Parks 785-7060
Utility Billing 785-7100
Health Division 785-7080
City Employment Opportunities 785-7030
FOR EMERGENCIES DIAL 911
Rep port a con co oncer cern n or make a a req re ues u t to the hee Ci City ty eas ty easily ily on onlin line. lin ne. e. Top pics ics ra range range ng fr from rom om pot otth hol oles e to nui nu san sance sa ce pro pr p pee tie per tii s.. R eiv Rec eivee up-tto o-tthehe min minute i ute tee in infor fo mat attion i n on n pow wer out utage ut age g s, s, rec r rea eaatio t n even even ents tss and d mor oree thro or hrough ffaaceb ebook ook an and d twit twittter ter.. Receiv eiv ivee info iv n rm rma matio m tiion b by y email mai aiil abou abou b t various activit cti tivit vities i ies th throu rougho rou ugh gho hout h ut the he Ci Citty ty by by signing up for e-notify e notify.
The City of Hamilton offers a variety of web based tools to provide service to our residents, as well as keeping them informed on a multitude of topics here at City Hall. The City of Hamilton’s online 311 system has proved to be an extremely valuable tool for our residents as it allows them to report a concern or request a service for various topics ranging from potholes to reporting nuisance propertiess. On average, City personnel respond to 311 31 1 re requ q es ests ts in less than two business days and comp mple lete te the service requests in five business daays. If yo you u ha h ve an issue or concern you would like ke to report, pl plea ease se vis isit it www w .hamilton-oh.gov and click the “Service Req an equ uests” butto ton n.
The Ciitty of Hamilton n is als l o ut utiilizin ng so social mediaa to keep our res esid iden ents t apprised off various acttivitiess througho out the City and att Citty Hall Ha ll.. The ll he Citty’ y s e-Notify y app ppli lica cati tion ti on is a free email notif ific icat ation seervic icee wh whic ich h al a lows residen nts to sign n up to rec ecei eive ve City press releases, golf lf cour co urse new ew ws, par arks ks and recreation ec news ne wss, road clo losu surre not otic ices es and d a wee eeekl k y newslettter. Par arti tici cipa pan nts have ve thee opttio ion n to recei eive v all of the em maiil noti tifi fica cati t onss or the hey y ca can n seeleect c to re rece ceeiv ivee no n ti tifi fica cati tion ti on ns of the heir ir cho oos o in ing. g. Siign n up fo forr ee No oti t fy y by se s lectin ng th thee “e “e-N Nottif ify Sig gn Up” link on the City Ci ty’ss hom o e paage ge. The he Ciitty also also dis isse semi min mi nate na tess in info form rm mat atio ion n to int nter eres e teed pa es part rtie iees vi viaa fa face cebo book and nd Twi witt tter er. “Li L ke” th the City y off Haami m ltton o , Ohio on faace ceb book k or “f “fol ollow”” Ham millto t nO nOh h on Twi witt itt t er er to re rece ceiv iv ve up up-t -ttoo-th theth e mi em nu nute te inform mati t on on powe po werr ou outa t ge gess, rec e re reat atio ion n ev even ents ts, an nd variiou us ot othe herr to topi pics ics cs..
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