Fire Department Financial Analysis

Barnardsville Volunteer Fire Department, Inc.
BASIS OF ACCOUNTING
Modified Cash Basis
FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006 Operations Ratio (total revenues/total expenses)
Current assets 471,798 451,559 482,998 369,502 230,936 299,383 249,435 242,826 209,611 201,696 631,927 Used to analyze the financial dimension of service obligations, which determines whether
Fixed assets, net 1,616,354 1,687,818 1,312,031 1,316,946 1,394,052 1,415,440 1,470,290 1,491,782 1,517,516 1,603,822 1,163,212 Average
or not annual revenues were sufficient to pay for annual operations.
Total assets 2,088,152 2,139,377 1,795,029 1,686,448 1,624,988 1,714,823 1,719,725 1,734,608 1,727,127 1,805,518 1,795,139 1,802,812
Current liabilities-debt & capital 1.0 or higher is good. This means revenues are at or exceeding expenses. Good to
lease obligations 61,914 59,590 30,132 28,669 27,276 24,789 826,061 48,269 46,190 44,200 42,297 compare as a trend instead of against other departments.
Current liabilities-other 3,111 1,430 3,393 2,044 2,185 1,911 - - 33 - -
Long-term liabilities-debt & Current Assets to Expenses Ratio (current assets/total operating expenses)
capital lease obligations 811,241 873,202 727,524 757,659 786,331 776,365 837,883 901,475 973,772 1,017,036 Used to analyze the financial dimension of solvency, which represents the fire
Long-term liabilities-other - - - - - - - - - - department's ability to address long-term obligations. Also used to guage the resources
Total liabilities 876,266 934,222 761,049 788,372 815,792 803,065 826,061 886,152 947,698 1,017,972 1,059,333 available to weather a financial hardship. This is similar to the fund balance as a percent
of expenditures measure often used with government financials.
Unrestricted net assets 1,178,895 1,173,747 1,006,248 868,365 776,410 911,758 893,664 848,456 779,429 787,546 735,806
Restricted net assets 32,991 31,408 27,732 29,711 32,786 - - - - - - FY 2005 To illustrate, .25 means there are enough current assets available to fund on average 3
Total net assets 1,211,886 1,205,155 1,033,980 898,076 809,196 911,758 893,664 848,456 779,429 787,546 735,806 588,197
months of expenses, while 1.0 shows enough resources to fund an entire year's expenses.
check figures - - - - - - - - - - -
Good to compare as a trend and against other departments.
Quick Ratio (current assets/current liabilities)

Tax Revenue 689,041 674,382 664,363 667,199 658,379 636,983 625,734 628,945 529,631 508,102 418,536 Used to analyze the financial dimension of liquidity, which is the department's ability to
Other Revenue 108,256 230,413 138,435 135,389 35,482 56,286 51,580 45,614 18,844 30,185 120,180 address its short-term obligations.
Total Revenue 797,297 904,795 802,798 802,588 693,861 693,269 677,314 674,559 548,475 538,287 538,716
The higher the number, the more liquid the entity. A quick ratio of 2.0 is considered
Salary & Wage Expenses 406,589 377,391 362,975 395,123 standard or satisfactory. This means for every $1 of cash liabilities, the department has
Other Operational Expenses 253,054 244,298 228,773 225,587 $2 available to pay for these liabilities. Good to compare as a trend and against other
Depreciation Expense 130,923 111,931 75,146 92,998 Average departments.
Total Expenses 790,566 733,620 666,894 713,708 699,693 675,175 632,106 605,532 556,592 486,547 391,107 631,958
Fixed Assets Conditions Ratio (accumulated depreciation/assets being depreciated)
Change in net assets 6,731 171,175 135,904 88,880 (5,832) 18,094 45,208 69,027 (8,117) 51,740 147,609
Used to analyze the financial dimension of capital, representing the remaining useful life
check figures - - - - (96,730) - - - - - -
of fixed assets .
Total depreciable assets
(excludes land and CIP) and This number cannot be higher than 1. The closer the fraction to 1, the more useful life of
capital leases 3,066,567 3,030,355 2,544,928 2,476,873 2,544,586 2,364,791 2,347,521 2,295,160 2,268,340 2,262,971 1,766,518 the asset. As the number drops towards zero, assets are aging. Good to compare as a
Accumulated depreciation 1,550,944 1,443,268 1,333,628 1,260,658 1,251,265 1,050,081 977,961 904,108 824,903 733,228 677,385 trend and against other departments.
Ratios FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06 Debt Ratio (total debt/total assets)
Operations Ratio 1.01 1.23 1.20 1.12 0.99 1.03 1.07 1.11 0.99 1.11 1.38 Used to measure the proportion of debt the fire department has relative to its assets.
Current Assets to Expenses 0.72 0.73 0.82 0.60 0.33 0.44 0.39 0.40 0.38 0.41 1.62 The measure shows the potential risks the department faces in terms of its debt load.
Quick Ratio 7.26 7.40 14.41 12.03 7.84 11.21 0.30 5.03 4.53 4.56 14.94 The closer the number to 1.0 the more debt burden the department has. There are
Fixed Assets Conditions 0.49 0.52 0.48 0.49 0.51 0.56 0.58 0.61 0.64 0.68 0.62 significant problems if the number is over 1.0.
Debt Ratio 0.42 0.44 0.42 0.47 0.50 0.47 0.48 0.51 0.55 0.56 0.59
Change in Net Assets 0.01 0.17 0.15 0.11 -0.01 0.02 0.05 0.09 -0.01 0.07 0.25
Salary to Revenue 0.51 0.42 0.45 0.49
Debt includes capital leases and the current portions of debt and capital leases.
Tax Rates Change in Net Assets (change in net assets/beginning net assets)
Barnardsville/Barnardsville NE 15.0 15.0 15.0 15.0 15.0 15.0 15.0 15.0 11.5 11.5 Used to analyze financial performance by providing the magnitude of how the
Barnardsville Neutral rate 10.3 13.0 department's financial position has improved or deteriorated as a result of its resource
Barnardsville NE Neutral rate 9.9 13.0 flow.
Revaluation
The natural benchmark is zero or higher. Good to compare as a trend and against other
Revaluation departments.
Salary Expense Ratio: (salary expense/total revenue): Used to measure what salary costs
are in comparison with the revenue brought in.
Broad River Volunteer Fire and Rescue Department, Inc. BASIS OF ACCOUNTING
Modified Cash Basis
Operations Ratio (total revenues/total expenses)
Used to analyze the financial dimension of service obligations, which determines whether
FY2017 FY2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006*
Current assets 154,358 131,558 117,958 100,661 69,455 61,599 58,160 85,991 53,089 55,656 78,180 307,489
Fixed assets, net 830,516 889,278 648,341 706,414 821,802 950,288 1,052,585 1,052,396 979,153 1,026,602 995,848 613,388 Average
Total assets 984,874 1,020,836 766,299 807,075 891,257 1,011,887 1,110,745 1,138,387 1,032,242 1,082,258 1,074,028 920,877 986,899 1.0 or higher is good. This means revenues are at or exceeding expenses. Good to
compare as a trend instead of against other departments.
Current liabilities-debt & capital
lease obligations 59,716 68,380 47,222 45,370 46,335 44,927 38,841 37,440 36,587 53,493 50,984 38,854 Current Assets to Expenses Ratio (current assets/total operating expenses)
Current liabilities-other - 3,977 2,968 916 572 817 - - - - 428 237 Used to analyze the financial dimension of solvency, which represents the fire
Long-term liabilities-debt & department's ability to address long-term obligations. Also used to guage the resources
capital lease obligations 154,109 213,776 134,911 182,159 227,531 273,882 289,066 313,039 215,481 235,135 290,169 224,064 available to weather a financial hardship. This is similar to the fund balance as a percent
Long-term liabilities-other - - - - - - - - - - - of expenditures measure often used with government financials.
Total liabilities 213,825 286,133 185,101 228,445 274,438 319,626 327,907 350,479 252,068 288,628 341,581 263,155
To illustrate, .25 means there are enough current assets available to fund on average 3
Unrestricted net assets 771,049 734,703 581,198 578,630 616,819 692,261 782,838 787,908 780,174 793,630 732,447 657,722
months of expenses, while 1.0 shows enough resources to fund an entire year's
Restricted net assets - - - - - - - - - - - - FY 2005
expenses. Good to compare as a trend and against other departments.
Total net assets 771,049 734,703 581,198 578,630 616,819 692,261 782,838 787,908 780,174 793,630 732,447 657,722 313,551
check figures - - - - - - - - - - - -
Used to analyze the financial dimension of liquidity, which is the department's ability to
address its short-term obligations.
Tax Revenue 312,370 306,411 295,472 280,766 239,851 233,645 227,939 229,269 231,586 228,135 212,127 154,652
Other Revenue 72,484 184,474 52,594 15,345 17,364 13,494 12,531 41,193 22,323 66,623 35,256 349,750 The higher the number, the more liquid the entity. A quick ratio of 2.0 is considered
Total Revenue 384,854 490,885 348,066 296,111 257,215 247,139 240,470 270,462 253,909 294,758 247,383 504,402 standard or satisfactory. This means for every $1 of cash liabilities, the department has
$2 available to pay for these liabilities. Good to compare as a trend and against other
Salary & Wage Expenses 118,708 100,628 97,449 96,552 69,107 departments.
Other Operational Expenses 136,065 146,648 119,695 132,788 117,500
Depreciation Expense 93,735 90,104 128,354 104,960 145,048 Average
Total Expenses 348,508 337,380 345,498 334,300 331,655 337,716 336,581 262,728 267,365 233,575 172,658 160,231 283,608
Change in net assets 36,346 153,505 2,568 (38,189) (74,440) (90,577) (96,111) 7,734 (13,456) 61,183 74,725 344,171
of fixed assets .
check figures - - - - (1,002) - 91,041 - - - - -
This number cannot be higher than 1. The closer the fraction to 1, the more useful life of
Total depreciable assets the asset. As the number drops towards zero, assets are aging. Good to compare as a
(excludes land and CIP) and trend and against other departments.
capital leases 2,257,563 2,246,969 1,916,817 1,972,894 1,955,493 1,956,792 1,914,752 1,861,243 1,864,136 1,871,175 1,774,705 1,183,356
Accumulated depreciation & Debt Ratio (total debt/total assets)
amortization 1,599,979 1,530,623 1,440,520 1,312,166 1,179,377 1,052,190 907,853 823,408 768,076 707,975 622,568 556,862 Used to measure the proportion of debt the fire department has relative to its assets.
The measure shows the potential risks the department faces in terms of its debt load.
Ratios FY17 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06 The closer the number to 1.0 the more debt burden the department has. There are
Operations Ratio 1.10 1.45 1.01 0.89 0.78 0.73 0.71 1.03 0.95 1.26 1.43 3.15
significant problems if the number is over 1.0.
Current Assets to Expenses 0.61 0.53 0.54 0.44 0.37 0.18 0.17 0.33 0.20 0.24 0.45 1.92
Quick Ratio 2.58 1.82 2.35 2.17 1.48 1.35 1.50 2.30 1.45 1.04 1.52 7.87
Fixed Assets Conditions 0.29 0.32 0.25 0.33 0.40 0.46 0.53 0.56 0.59 0.62 0.65 0.53
Debt includes capital leases and the current portions of debt and capital leases.
Debt Ratio 0.22 0.28 0.24 0.28 0.31 0.32 0.30 0.31 0.24 0.27 0.32 0.29
Change in Net Assets 0.05 0.26 0.00 -0.06 -0.11 -0.12 -0.12 0.01 -0.02 0.08 0.11 1.10 Change in Net Assets (change in net assets/beginning net assets)
Salary to Revenue 0.31 0.20 0.28 Used to analyze financial performance by providing the magnitude of how the
department's financial position has improved or deteriorated as a result of its resource
Tax Rate 14.0 14.0 14.0 14.0 14.0 10.0 10.0 10.0 10.0 10.0 10.0 11.0 flow.
Neutral rate 7.3
Revaluation Revaluation departments.
* Extraordinary event in 2006. Damage to station and equipment due to rockslide. Salary Expense Ratio: (salary expense/total revenue): Used to measure what salary costs
Enka-Candler Fire and Rescue Department, Inc. BASIS OF ACCOUNTING
Accrual Basis

FY 2016
FY 2017 Restated FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006
Current assets 3,642,947 3,284,217 3,152,801 2,830,950 2,512,458 2,258,500 2,190,811 2,410,116 2,106,038 1,952,059 1,985,487 1,705,725 1,677,751
Fixed assets, net 1,793,009 1,786,370 1,786,370 1,973,363 2,127,498 2,254,211 2,502,100 2,778,886 3,274,145 2,256,689 2,281,304 2,496,099 2,252,706 Average
Total assets 5,435,956 5,070,587 4,939,171 4,804,313 4,639,956 4,512,711 4,692,911 5,189,002 5,380,183 4,208,748 4,266,791 4,201,824 3,930,457 4,615,097 1.0 or higher is good. This means revenues are at or exceeding expenses. Good to compare
as a trend instead of against other departments.
lease obligations - - - 111,182 109,043 103,426 99,786 96,146 119,225 116,229 72,441 70,914 68,018 Current Assets to Expenses Ratio (current assets/total operating expenses)
Current liabilities-other 104,234 103,904 103,904 102,779 122,707 116,793 116,072 485,219 453,871 68,744 62,909 39,597 36,584 Used to analyze the financial dimension of solvency, which represents the fire department's
Long-term liabilities-debt & ability to address long-term obligations. Also used to guage the resources available to
capital lease obligations - - - 117,919 226,422 333,402 436,807 536,648 718,068 - 191,063 262,599 333,285 weather a financial hardship. This is similar to the fund balance as a percent of
Long-term liabilities-other - - - - - - - - - - expenditures measure often used with government financials.
Total liabilities 104,234 103,904 103,904 331,880 458,172 553,621 652,665 1,118,013 1,291,164 184,973 326,413 373,110 437,887
Unrestricted net assets 5,203,700 4,835,267 4,835,267 4,472,433 4,181,784 3,959,090 4,040,246 4,070,989 4,089,019 4,023,775 3,940,378 3,828,714 3,492,570
Restricted net assets 128,022 131,416 - - - - - - - - - - - FY 2005 months of expenses, while 1.0 shows enough resources to fund an entire year's expenses.
Total net assets 5,331,722 4,966,683 4,835,267 4,472,433 4,181,784 3,959,090 4,040,246 4,070,989 4,089,019 4,023,775 3,940,378 3,828,714 3,492,570 3,315,908 Good to compare as a trend and against other departments.
check figures - - - - - - - - - - - - -
131,416 Quick Ratio (current assets/current liabilities)
Tax Revenue 2,535,328 2,423,762 2,423,762 2,299,224 2,219,108 1,992,550 2,010,908 1,902,343 1,952,831 1,968,560 2,025,292 1,871,169 1,407,166
Other Revenue 64,651 39,701 28,919 61,517 73,451 15,741 28,181 206,076 550,174 149,547 220,676 232,870 218,734 The higher the number, the more liquid the entity. A quick ratio of 2.0 is considered
Total Revenue 2,599,979 2,463,463 2,452,681 2,360,741 2,292,559 2,008,291 2,039,089 2,108,419 2,503,005 2,118,107 2,245,968 2,104,039 1,625,900 standard or satisfactory. This means for every $1 of cash liabilities, the department has $2
available to pay for these liabilities. Good to compare as a trend and against other
Salary & Wage Expenses 1,521,602 1,504,393 1,504,393 1,458,226 1,482,869 1,502,349
Other Operational Expenses 481,254 362,158 351,801 350,609 329,480 318,419
departments.
Depreciation Expense 232,084 233,653 233,653 261,257 257,516 268,679 Average
Total Expenses 2,234,940 2,100,204 2,089,847 2,070,092 2,069,865 2,089,447 2,069,832 2,126,449 2,437,761 2,034,710 2,095,603 1,767,895 1,449,238 2,027,340 Fixed Assets Conditions Ratio (accumulated depreciation/assets being depreciated)
Used to analyze the financial dimension of capital, representing the remaining useful life of
Prior Period Adjustment 130,991 fixed assets .
Change in net assets 365,039 494,250 362,834 290,649 222,694 (81,156) (30,743) (18,030) 65,244 83,397 111,664 336,144 176,662 This number cannot be higher than 1. The closer the fraction to 1, the more useful life of
check figures - - - - - - - - - - - - - the asset. As the number drops towards zero, assets are aging. Good to compare as a
trend and against other departments.
(excludes land and CIP) and
Debt Ratio (total debt/total assets)
capital leases 4,961,250 4,989,876 4,989,876 5,007,218 5,013,663 4,905,787 4,945,662 4,964,471 5,389,606 4,726,172 4,387,855 5,031,339 4,674,071
Accumulated depreciation &
Used to measure the proportion of debt the fire department has relative to its assets. The
amortization 3,717,299 3,773,103 3,773,103 3,541,861 3,280,319 3,045,730 2,837,716 2,559,739 2,509,615 2,807,800 2,702,308 2,757,156 2,662,681 measure shows the potential risks the department faces in terms of its debt load. The
closer the number to 1.0 the more debt burden the department has. There are significant
Ratios FY17 FY16 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06 problems if the number is over 1.0.
Operations Ratio 1.16 1.17 1.17 1.14 1.11 0.96 0.99 0.99 1.03 1.04 1.07 1.19 1.12
Current Assets to Expenses 2.39 2.18 2.10 1.94 1.69 1.50 1.06 1.13 0.86 0.96 0.95 0.96 1.16 Debt includes capital leases and the current portions of debt and capital leases.
Quick Ratio 34.95 31.61 30.34 13.23 10.84 10.26 10.15 4.15 3.67 10.55 14.67 15.43 16.04
Fixed Assets Conditions 0.25 0.24 0.24 0.29 0.35 0.38 0.43 0.48 0.53 0.41 0.38 0.45 0.43 Change in Net Assets (change in net assets/beginning net assets)
Debt Ratio 0.00 0.00 0.00 0.05 0.07 0.10 0.11 0.12 0.16 0.03 0.06 0.08 0.10 Used to analyze financial performance by providing the magnitude of how the department's
Change in Net Assets 0.08 0.10 0.08 0.07 0.06 -0.02 -0.01 0.00 0.02 0.02 0.03 0.10 0.05 financial position has improved or deteriorated as a result of its resource flow.
Salary to Revenue 0.59 0.61 0.61 0.62 0.65 0.75
Tax Rate 9.0 9.0 9.0 9.0 9.0 9.0 7.5 7.5 7.5 7.5 7.5 7.5 7.5
Neutral rate 5.9
departments.
Revaluation Revaluation Salary Expense Ratio: (salary expense/total revenue): Used to measure what salary costs
Fairview Volunteer Fire Department, Inc. BASIS OF ACCOUNTING
Modified Cash Basis
FY 2017 FY 2016 Re FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006
Current assets 309,238 447,578 447,578 443,719 438,783 512,366 637,416 601,013 614,609 505,433 541,341 617,756 431,833
Fixed assets, net 3,034,343 3,278,135 3,200,995 3,522,392 2,852,439 2,874,156 3,062,071 3,274,865 3,213,762 3,450,964 3,191,442 2,956,678 2,097,375 Average
Total assets 3,343,581 3,725,713 3,648,573 3,966,111 3,291,222 3,386,522 3,699,487 3,875,878 3,828,371 3,956,397 3,732,783 3,574,434 2,529,208 3,589,908 1.0 or higher is good. This means revenues are at or exceeding expenses. Good to
lease obligations 148,674 144,057 144,057 146,382 157,482 138,465 132,678 127,039 192,400 190,800 173,900 160,200 48,360 Current Assets to Expenses Ratio (current assets/total operating expenses)
Current liabilities-other 14,466 12,018 12,018 3,994 - 9,614 14,823 17,544 17,099 11,302 12,641 3,814 2,362 Used to analyze the financial dimension of solvency, which represents the fire
capital lease obligations 1,200,942 1,342,169 1,342,169 1,412,006 619,315 640,449 778,922 913,159 1,112,889 1,323,495 1,045,632 957,705 259,387 available to weather a financial hardship. This is similar to the fund balance as a percent
Long-term liabilities-other - - - - - - - - - - - - of expenditures measure often used with government financials.
Total liabilities 1,364,082 1,498,244 1,498,244 1,562,382 776,797 788,528 926,423 1,057,742 1,322,388 1,525,597 1,232,173 1,121,719 310,109
Unrestricted net assets 1,979,499 2,227,469 2,150,329 2,403,729 2,514,425 2,597,994 2,773,064 2,818,136 2,505,983 2,430,800 2,500,610 2,452,715 2,219,099
Restricted net assets - - - - - - - - - - - - - FY 2005 months of expenses, while 1.0 shows enough resources to fund an entire year's expenses.
Total net assets 1,979,499 2,227,469 2,150,329 2,403,729 2,514,425 2,597,994 2,773,064 2,818,136 2,505,983 2,430,800 2,500,610 2,452,715 2,219,099 2,078,247 Good to compare as a trend and against other departments.
check figures - - - - - - - - - - - - -
Tax Revenue 1,587,791 1,553,101 1,553,101 1,509,168 1,855,807 1,474,311 1,436,065 1,395,288 1,398,261 1,364,374 1,309,133 1,207,453 914,929
Other Revenue 980,588 810,483 810,483 667,693 157,645 106,906 224,494 564,200 284,116 66,033 91,321 29,346 129,309 The higher the number, the more liquid the entity. A quick ratio of 2.0 is considered
Total Revenue 2,568,379 2,363,584 2,363,584 2,176,861 2,013,452 1,581,217 1,660,559 1,959,488 1,682,377 1,430,407 1,400,454 1,236,799 1,044,238 standard or satisfactory. This means for every $1 of cash liabilities, the department has $2
Salary & Wage Expenses 1,871,881 1,598,541 1,598,541 1,380,898 1,220,061 1,070,911
Other Operational Expenses 720,308 685,478 685,478 558,446 527,661 365,045
departments.
Depreciation Expense 224,160 255,825 332,965 348,213 349,299 320,331 Average
Total Expenses 2,816,349 2,539,844 2,616,984 2,287,557 2,097,021 1,756,287 1,705,631 1,647,335 1,607,194 1,500,217 1,352,559 1,003,183 903,386 1,679,759 Fixed Assets Conditions Ratio (accumulated depreciation/assets being depreciated)
Change in net assets (247,970) (176,260) (253,400) (110,696) (83,569) (175,070) (45,072) 312,153 75,183 (69,810) 47,895 233,616 140,852 fixed assets .
check figures - - - - - - - - - - - - -
capital leases 7,158,294 7,073,224 7,073,224 6,037,289 5,906,957 5,581,021 5,473,262 5,419,402 5,091,613 5,020,192 4,654,902 4,138,738 3,105,070
amortization 4,541,574 4,212,712 4,289,852 3,852,175 3,632,796 3,285,143 2,964,811 2,642,212 2,375,526 2,089,814 1,755,746 1,459,048 1,284,683
Ratios FY15 FY16 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06 measure shows the potential risks the department faces in terms of its debt load. The
Operations Ratio 0.91 0.93 0.90 0.95 0.96 0.90 0.97 1.19 1.05 0.95 1.04 1.23 1.16 closer the number to 1.0 the more debt burden the department has. There are significant
Current Assets to Expenses 0.12 0.20 0.20 0.23 0.25 0.36 0.37 0.36 0.38 0.34 0.40 0.62 0.48 problems if the number is over 1.0.
Quick Ratio 1.90 2.87 2.87 2.95 2.79 3.46 4.32 4.16 2.93 2.50 2.90 3.77 8.51
Fixed Assets Conditions 0.37 0.40 0.39 0.36 0.38 0.41 0.46 0.51 0.53 0.58 0.62 0.65 0.59 Debt includes capital leases and the current portions of debt and capital leases.
Debt Ratio 0.40 0.40 0.41 0.39 0.24 0.23 0.25 0.27 0.34 0.38 0.33 0.31 0.12
Change in Net Assets -0.12 -0.08 -0.11 -0.04 -0.03 -0.06 -0.02 0.12 0.03 -0.03 0.02 0.11 0.07 Change in Net Assets (change in net assets/beginning net assets)
Salary to Revenue 0.73 0.68 0.68 0.63 0.61 0.68 Used to analyze financial performance by providing the magnitude of how the
Tax Rate 10.5 10.5 10.5 10.5 10.5 10.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5
flow.
Neutral rate 5.7
Revalua The natural benchmark is zero or higher. Good to compare as a trend and against other
Revaluation
departments.
French Broad Volunteer Fire & Rescue, Inc. BASIS OF ACCOUNTING
FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010** FY 2009 FY 2008 FY 2007 FY 2006
Current assets 360,300 323,005 230,700 208,096 272,668 287,654 326,616 373,073 431,273 465,562 296,433
Fixed assets, net 114,785 113,355 137,443 125,577 161,693 240,842 352,971 464,172 597,375 595,005 640,047 Average
Total assets 475,085 436,360 368,143 333,673 434,361 528,496 679,587 837,245 1,028,648 1,060,567 936,480 647,150

lease obligations - - - 81,285 77,791 74,449 84,964 81,074 76,258 173,647 26,492
Current liabilities-other 7,371 15,460 19,850 14,340 15,153 15,406 20,668 144,606 128,488 62,454 59,770
Long-term liabilities-debt &
capital lease obligations - - - - 81,285 159,076 277,930 283,338 365,561 356,936 419,390
Long-term liabilities-other - - - - - - - - - - -
Total liabilities 7,371 15,460 19,850 95,625 174,229 248,931 383,562 509,018 570,307 593,037 505,652
Unrestricted net assets 459,314 413,599 340,996 238,048 260,132 279,565 296,025 328,227 458,341 467,530 430,828
Restricted net assets 8,400 7,301 7,297 - - - - - - FY 2005
Total net assets 467,714 420,900 348,293 238,048 260,132 279,565 296,025 328,227 458,341 467,530 430,828 431,376
check figures - - - - - - - - - - -
Tax Revenue 430,577 417,387 407,380 365,265 362,173 355,928 348,962 357,703 368,928 368,447 310,907
Other Revenue 17,069 8,411 35,292 4,684 11,388 11,597 79,309 51,134 82,877 144,267 40,534
Total Revenue 447,646 425,798 442,672 369,949 373,561 367,525 428,271 408,837 451,805 512,714 351,441
Salary & Wage Expenses 265,079 209,676 211,074 222,216

Other Operational Expenses 106,303 111,491 101,577 130,000
Depreciation Expense 29,450 32,024 27,736 39,817 Average
Total Expenses 400,832 353,191 340,387 392,033 392,994 383,985 460,473 538,951 460,994 476,012 351,989 413,804
Change in net assets 46,814 72,607 102,285 (22,084) (19,433) (16,460) (32,202) (130,114) (9,189) 36,702 (548)
check figures - - 7,960 - - - - - - - -

capital leases 1,306,514 1,312,293 1,382,073 1,342,471 1,338,770 1,327,945 1,433,032 1,482,282 1,474,116 1,424,601 1,363,168
amortization 1,191,729 1,198,938 1,244,630 1,216,894 1,177,077 1,087,103 1,080,061 1,018,110 876,741 829,596 723,121
Ratios FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06
Operations Ratio 1.12 1.21 1.30 0.94 0.95 0.96 0.93 0.76 0.98 1.08 1.00
Current Assets to Expenses 0.97 1.01 0.74 0.59 0.69 0.75 0.71 0.69 0.94 0.98 0.84
Quick Ratio 48.88 20.89 11.62 2.18 2.93 3.20 3.09 1.65 2.11 1.97 3.44
Fixed Assets Condition* 0.09 0.09 0.10 0.09 0.12 0.18 0.25 0.31 0.41 0.42 0.47
Debt Ratio 0.00 0.00 0.00 0.24 0.37 0.44 0.53 0.44 0.43 0.50 0.48
Change in Net Assets 0.11 0.21 0.43 -0.08 -0.07 -0.06 -0.10 -0.28 -0.02 0.09 0.00
Salary to Revenue 0.59 0.49 0.48
Tax Rate 14.0 14.0 14.0 14.0 12.0 12.0 12.0 12.0 12.0 12.0 14.0
Neutral rate 11.0
Revaluation Revaluation
* French Broad ratio may be skewd as financials do not provide value and
amortization information of capital leases.
** Discontinued ambulatory service
Garren Creek Volunteer Fire Department, Inc. BASIS OF ACCOUNTING BASIS OF ACCOUNTING
Accrual Basis Accrual Basis Operations Ratio (total revenues/total expenses)
FY 17 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006
Current assets 141,424 116,403 103,963 129,551 178,969 190,933 170,268 159,062 160,354 161,072 243,873 287,994
Fixed assets, net 1,297,566 1,353,708 1,444,217 1,533,670 1,555,662 1,632,512 1,742,175 1,839,875 1,973,870 1,608,521 533,307 418,290 Average
Total assets 1,438,990 1,470,111 1,548,180 1,663,221 1,734,631 1,823,445 1,912,443 1,998,937 2,134,224 1,769,593 777,180 706,284 1,594,386 1.0 or higher is good. This means revenues are at or exceeding expenses. Good to
lease obligations 48,978 46,843 97,479 93,604 89,782 84,620 75,572 72,106 68,111 - - 25,921 Current Assets to Expenses Ratio (current assets/total operating expenses)
Current liabilities-other 21,404 23,162 25,332 27,065 29,876 30,808 33,726 35,654 51,648 89,155 1,218 2,258 Used to analyze the financial dimension of solvency, which represents the fire
capital lease obligations 546,754 595,688 642,562 740,101 833,745 923,002 1,007,201 1,082,778 1,155,059 809,783 - - available to weather a financial hardship. This is similar to the fund balance as a percent
Long-term liabilities-other - - - - - - - - - - - - Average of expenditures measure often used with government financials.
Total liabilities 617,136 665,693 765,373 860,770 953,403 1,038,430 1,116,499 1,190,538 1,274,818 898,938 1,218 28,179 799,442
Unrestricted net assets 821,854 804,418 782,807 802,451 781,228 785,015 795,944 808,399 859,406 870,655 775,962 678,105
Restricted net assets - - - - - - - - - - - - Average months of expenses, while 1.0 shows enough resources to fund an entire year's expenses.
Total net assets 821,854 804,418 782,807 802,451 781,228 785,015 795,944 808,399 859,406 870,655 775,962 678,105 795,241 Good to compare as a trend and against other departments.
check figures - - - - - - - - - - -
Tax Revenue 285,300 284,156 259,726 255,884 256,563 258,056 250,586 244,032 234,417 232,468 210,214 190,262
Total Revenue 291,431 296,097 272,465 301,267 270,257 269,936 259,616 253,404 268,522 249,042 257,576 262,020 standard or satisfactory. This means for every $1 of cash liabilities, the department has $2
departments.
Salary & Wage Expenses 69,867 65,064 68108 37,396 32,480
Other Operational Expenses 105,215 103,177 110261 128,631 123,699
Depreciation Expense 98,913 106,245 113,740 114,017 117,865 Average Fixed Assets Conditions Ratio (accumulated depreciation/assets being depreciated)
Total Expenses 273,995 274,486 292109 280,044 274,044 280,865 272,071 304,411 279,771 154,349 159,719 144,257 246,921 Used to analyze the financial dimension of capital, representing the remaining useful life of
fixed assets .
Change in net assets 17,436 21,611 -19644 21,223 (3,787) (10,929) (12,455) (51,007) (11,249) 94,693 97,857 117,763
check figures - - 0 - - - - - - - - This number cannot be higher than 1. The closer the fraction to 1, the more useful life of
the asset. As the number drops towards zero, assets are aging. Good to compare as a
Total depreciable assets trend and against other departments.
capital leases 3,001,197 2,866,426 2,850,690 2,826,402 2,747,371 2,706,356 2,694,110 2,665,787 2,655,322 919,146 912,315 836,495
amortization 1,714,106 1,615,193 1508948 1,395,207 1,285,090 1,167,225 1,045,316 919,293 774,833 656,089 588,978 511,586
measure shows the potential risks the department faces in terms of its debt load. The
Ratios FY17 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06 closer the number to 1.0 the more debt burden the department has. There are significant
Operations Ratio 1.06 1.08 1 1.08 0.99 0.96 0.95 0.83 0.96 1.61 1.61 1.82 problems if the number is over 1.0.
Quick Ratio 2.01 1.66 0.8465284 1.07 1.50 1.65 1.56 1.48 1.34 1.81 200.22 10.22 Debt includes capital leases and the current portions of debt and capital leases.
Debt Ratio 0.41 0.44 0.4780071 0.50 0.53 0.55 0.57 0.58 0.57 0.46 0.00 0.04 Change in Net Assets (change in net assets/beginning net assets)
Change in Net Assets 0.02 0.03 -0.02448 0.03 0.00 -0.01 -0.02 -0.06 -0.01 0.12 0.14 0.15 Used to analyze financial performance by providing the magnitude of how the
Salary to Revenue 0.24 0.22 0.2499697 0.12 0.12 department's financial position has improved or deteriorated as a result of its resource
flow.
Tax Rate 15.0 15.0 15 14.0 14.0 14.0 14.0 14.0 14.0 12.0 12.0 15.0
Neutral rate 11.6
departments.
Jupiter Volunteer Fire Department, Inc BASIS OF ACCOUNTING
Unaudited financials (Review instead) Modified Cash Basis
FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006
Current assets 707,097 588,091 594,058 526,252 554,998 674,391 702,656 660,482 608,006 527,983 487,614
Fixed assets, net 659,577 764,611 872,548 935,890 1,067,253 1,027,887 649,715 610,213 705,314 820,368 907,502 Average
Total assets 1,366,674 1,352,702 1,466,606 1,462,142 1,622,251 1,702,278 1,352,371 1,270,695 1,313,320 1,348,351 1,395,116 1,422,955
1.0 or higher is good. This means revenues are at or exceeding expenses. Good to
Current liabilities-debt & capital compare as a trend instead of against other departments.
lease obligations 51,856 49,703 117,069 53,230 51,039 40,899 - 20,540 87,606 148,950 204,459
Current liabilities-other 1,595 2,473 1,590 1,750 1,666 1,663 - - - - 3,973 Current Assets to Expenses Ratio (current assets/total operating expenses)
Long-term liabilities-debt & Used to analyze the financial dimension of solvency, which represents the fire
capital lease obligations 111,806 175,261 234,083 360,876 423,867 404,936 - - - - - department's ability to address long-term obligations. Also used to guage the resources
Long-term liabilities-other - - - - - - - - - - - available to weather a financial hardship. This is similar to the fund balance as a percent
Total liabilities 165,257 227,437 352,742 415,856 476,572 447,498 - 20,540 87,606 148,950 208,432 of expenditures measure often used with government financials.
Unrestricted net assets 1,158,947 1,083,635 1,074,851 1,010,570 1,113,016 1,225,509 1,326,297 1,229,615 1,138,108 1,348,351 1,395,116
Restricted net assets 42,470 41,630 39,013 35,716 32,663 29,271 26,074 - - - -
Total net assets 1,201,417 1,125,265 1,113,864 1,046,286 1,145,679 1,254,780 1,352,371 1,250,155 1,225,714 1,199,401 1,186,684 1,224,212
check figures - - - - - - - - - - - Good to compare as a trend and against other departments.

Tax Revenue 907,492 874,894 840,692 715,689 697,480 677,173 677,926 705,337 685,200 643,114 496,419 address its short-term obligations.
Other Revenue 7,880 13,445 54,473 10,670 8,184 6,035 140,902 9,238 10,557 14,258 9,422
Total Revenue 915,372 888,339 895,165 726,359 705,664 683,208 818,828 714,575 695,757 657,372 505,841 The higher the number, the more liquid the entity. A quick ratio of 2.0 is considered
standard or satisfactory. This means for every $1 of cash liabilities, the department has
Salary & Wage Expenses 584,289 596,050 550,922 524,107 $2 available to pay for these liabilities. Good to compare as a trend and against other
Other Operational Expenses 147,618 161,551 151,213 159,870 departments.
Total Expenses 839,220 876,938 827,587 825,752 814,765 758,751 716,612 690,134 669,444 644,655 543,369 746,112
Change in net assets 76,152 11,401 67,578 (99,393) (109,101) (75,543) 102,216 24,441 26,313 12,717 (37,528)
check figures - - - - - (22,048) - - - - - of fixed assets .
Total depreciable assets This number cannot be higher than 1. The closer the fraction to 1, the more useful life of
(excludes land and CIP) and the asset. As the number drops towards zero, assets are aging. Good to compare as a
capital leases 2,463,965 2,461,686 2,504,106 2,441,996 2,435,634 2,475,240 1,945,687 1,809,453 1,797,153 1,834,805 1,778,367 trend and against other departments.
amortization 2,103,629 1,996,316 1,930,799 1,805,347 1,667,622 1,565,408 1,414,027 1,317,295 1,209,894 1,132,492 988,920 Debt Ratio (total debt/total assets)
Used to measure the proportion of debt the fire department has relative to its assets.
Ratios FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06 The measure shows the potential risks the department faces in terms of its debt load.
Operations Ratio 1.09 1.01 1.08 0.88 0.87 0.90 1.14 1.04 1.04 1.02 0.93
The closer the number to 1.0 the more debt burden the department has. There are
Quick Ratio 13.23 11.27 5.01 9.57 10.53 15.84 #DIV/0! 32.16 6.94 3.54 2.34
Fixed Assets Conditions 0.15 0.19 0.23 0.26 0.32 0.37 0.27 0.27 0.33 0.38 0.44
Debt Ratio 0.12 0.17 0.24 0.28 0.29 0.26 0.00 0.02 0.07 0.11 0.15 Debt includes capital leases and the current portions of debt and capital leases.
Change in Net Assets 0.07 0.01 0.06 -0.09 -0.09 -0.06 0.08 0.02 0.02 0.01 -0.03
Salary to Revenue 0.64 0.67 0.62 Change in Net Assets (change in net assets/beginning net assets)
Used to analyze financial performance by providing the magnitude of how the
Tax Rate 12.0 12.0 12.0 12.0 9.5 9.5 9.5 9.5 9.5 9.5 10.0 department's financial position has improved or deteriorated as a result of its resource
Neutral rate 7.5 flow.
Revaluation Revaluation The natural benchmark is zero or higher. Good to compare as a trend and against other
departments.
Leicester Volunteer Fire Department, Inc BASIS OF ACCOUNTING
Modified Cash Basis Operations Ratio (total revenues/total expenses)
Current assets 1,824,875 1,617,213 1,428,514 1,309,995 1,313,583 1,437,078 1,219,240 1,572,015 1,544,462 1,427,861 1,148,280 863,035
Fixed assets, net 1,825,138 1,964,728 2,117,547 2,114,124 2,011,061 1,637,889 1,286,564 920,463 1,001,667 857,366 935,041 894,907 Average
Total assets 3,650,013 3,581,941 3,546,061 3,424,119 3,324,644 3,074,967 2,505,804 2,492,478 2,546,129 2,285,227 2,083,321 1,757,942 2,783,876 1.0 or higher is good. This means revenues are at or exceeding expenses. Good to
capital lease obligations 481,290 600,293 816,660 786,961 840,191 293,053 177,231 311,422 424,092 351,453 445,469 369,367 available to weather a financial hardship. This is similar to the fund balance as a percent
Long-term liabilities-other - - - - - - - - - - - - of expenditures measure often used with government financials.
Unrestricted net assets 3,036,769 2,849,275 2,586,729 2,490,023 2,356,107 2,365,980 2,192,598 2,049,617 1,989,853 1,842,035 1,546,079 1,312,533
Restricted net assets - - - - - - - - - - - - FY 2005
Total net assets 3,036,769 2,849,275 2,586,729 2,490,023 2,356,107 2,365,980 2,192,598 2,049,617 1,989,853 1,842,035 1,546,079 1,312,533 1,329,783 Good to compare as a trend and against other departments.
check figures - - - - - - - - - - - -
Tax Revenue 1,550,767 1,457,214 1,190,606 1,132,010 1,089,865 1,069,412 1,024,988 1,035,114 1,090,479 1,051,979 1,015,506 796,085
Total Revenue 1,797,197 1,822,341 1,396,693 1,365,412 1,254,759 1,221,330 1,113,137 1,096,885 1,130,458 1,276,541 1,075,133 837,538 standard or satisfactory. This means for every $1 of cash liabilities, the department has
Salary & Wage Expenses 955,331 899,008 678,767 636,321 642,614
departments.
Total Expenses 1,609,703 1,559,795 1,299,987 1,231,496 1,264,632 1,047,948 970,156 1,037,121 982,640 980,585 841,587 854,788 1,097,340 Fixed Assets Conditions Ratio (accumulated depreciation/assets being depreciated)
Change in net assets 187,494 262,546 96,706 133,916 (9,873) 173,382 142,981 59,764 147,818 295,956 233,546 (17,250) of fixed assets .
check figures - - - - - - - - - - - -
capital leases 4,286,367 4,330,922 4,643,808 4,415,726 4,093,923 3,527,310 3,026,273 3,152,637 3,181,209 NA NA NA
amortization 3,196,393 3,101,358 2,985,854 2,761,195 2,542,455 2,349,014 2,199,322 2,077,590 2,059,854 NA NA NA
Ratios FY16 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06
The measure shows the potential risks the department faces in terms of its debt load. The
Operations Ratio 1.12 1.17 1.07 1.11 0.99 1.17 1.15 1.06 1.15 1.30 1.28 0.98 closer the number to 1.0 the more debt burden the department has. There are significant
Current Assets to Expenses 1.33 1.21 1.33 1.29 1.23 1.37 1.26 1.52 1.57 1.46 1.36 1.01 problems if the number is over 1.0.
Quick Ratio 13.83 12.22 10.01 8.90 10.23 3.46 8.97 11.96 11.68 15.56 12.51 11.35
Fixed Assets Conditions 0.25 0.28 0.36 0.37 0.38 0.33 0.27 0.34 0.35 NA NA NA Debt includes capital leases and the current portions of debt and capital leases.
Debt Ratio 0.17 0.20 0.27 0.27 0.29 0.23 0.12 0.18 0.22 0.19 0.26 0.25
Change in Net Assets 0.07 0.10 0.04 0.06 0.00 0.08 0.07 0.03 0.08 0.19 0.18 -0.01 Change in Net Assets (change in net assets/beginning net assets)
Salary to Revenue 0.53 0.49 0.49 0.47 0.51 Used to analyze financial performance by providing the magnitude of how the
Tax Rates
flow.
Leicester/Leicester NW
Leicester 14.0 14.0 14.0 11.0 11.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0
Leicester NW - - 14.0 11.0 11.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 The natural benchmark is zero or higher. Good to compare as a trend and against other
departments.
Revaluation Revaluation Salary Expense Ratio: (salary expense/total revenue): Used to measure what salary costs
Reems Creek Valley Fire Department, Inc. BASIS OF ACCOUNTING
Accrual Basis

Current assets 552,985 820,694 841,020 654,017 514,767 534,159 525,449 536,638 598,116 676,153 672,811 730,145
Fixed assets, net 2,430,245 1,869,635 1,415,582 1,397,748 1,237,556 1,030,141 1,059,583 1,072,221 1,043,574 1,016,267 735,658 536,607 Average
Total assets 2,983,230 2,690,329 2,256,602 2,051,765 1,752,323 1,564,300 1,585,032 1,608,859 1,641,690 1,692,420 1,408,469 1,266,752 1,774,413
1.0 or higher is good. This means revenues are at or exceeding expenses. Good to
Current liabilities-debt & capital lease compare as a trend instead of against other departments.
obligations 115,779 74,605 32,646 31,927 49,435 48,156 46,815 45,505 44,099 45,742 - 15,369
Current liabilities-other 23,470 27,343 49,574 40,627 35,400 14,703 14,866 20,231 6,566 4,152 7,644 809 Current Assets to Expenses Ratio (current assets/total operating expenses)
Long-term liabilities-debt & capital lease Used to analyze the financial dimension of solvency, which represents the fire
obligations 584,649 494,950 102,403 135,049 - 49,432 97,589 144,404 190,027 234,258 - - department's ability to address long-term obligations. Also used to guage the resources
Long-term liabilities-other - - - - - - - - - - - available to weather a financial hardship. This is similar to the fund balance as a percent
Total liabilities 723,898 596,898 184,623 207,603 84,835 112,291 159,270 210,140 240,692 284,152 7,644 16,178 of expenditures measure often used with government financials.
Restricted net assets 41,793 41,677 38,721 35,741 32,659 29,769 26,698 23,648 17,706 15,291 13,455 10,704 FY 2005
Total net assets 2,259,332 2,093,431 2,071,979 1,844,162 1,667,488 1,452,009 1,425,762 1,398,719 1,400,998 1,408,268 1,400,825 1,250,574 1,173,714 months of expenses, while 1.0 shows enough resources to fund an entire year's expenses.
check figures - - - - - - - - - - - - Good to compare as a trend and against other departments.

Tax Revenue 1,201,513 1,104,093 1,139,694 1,083,499 1,025,317 919,268 962,297 907,365 887,789 880,605 824,589 637,315 address its short-term obligations.
Other Revenue 358,268 349,850 281,766 222,091 291,862 115,470 107,784 115,092 92,851 80,838 73,141 80,230
Total Revenue 1,559,781 1,453,943 1,421,460 1,305,590 1,317,179 1,034,738 1,070,081 1,022,457 980,640 961,443 897,730 717,545 The higher the number, the more liquid the entity. A quick ratio of 2.0 is considered
Salary & Wage Expenses 1,002,224 951,202 841,831 805,688 761,809
departments.
Total Expenses 1,393,996 1,435,447 1,196,623 1,131,998 1,104,590 1,008,491 1,043,038 1,024,736 987,910 954,000 747,479 640,685 1,025,000
Change in net assets 165,785 18,496 224,837 173,592 212,589 26,247 27,043 (2,279) (7,270) 7,443 150,251 76,860 Used to analyze the financial dimension of capital, representing the remaining useful life
check figures 116 2,956 2,980 3,082 2,890 - - - - - - - of fixed assets .
Total depreciable assets (excludes land and This number cannot be higher than 1. The closer the fraction to 1, the more useful life of
CIP) and capital leases 4,560,307 3,882,899 3,367,968 3,275,418 3,049,761 2,646,414 2,603,193 2,525,900 2,546,724 2,485,761 2,103,943 1,986,007 the asset. As the number drops towards zero, assets are aging. Good to compare as a
Accumulated depreciation & amortization 2,328,016 2,211,218 2,150,340 2,075,624 2,010,159 1,952,410 1,879,747 1,789,816 1,796,884 1,691,227 1,566,239 1,466,400 trend and against other departments.
Operations Ratio 1.12 1.01 1.19 1.15 1.19 1.03 1.03 1.00 0.99 1.01 1.20 1.12
Quick Ratio 3.97 8.05 10.23 9.01 6.07 8.50 8.52 8.16 11.81 13.55 88.02 45.13 The measure shows the potential risks the department faces in terms of its debt load.
Fixed Assets Conditions 0.49 0.43 0.36 0.37 0.34 0.26 0.28 0.29 0.29 0.32 0.26 0.26 The closer the number to 1.0 the more debt burden the department has. There are
Debt Ratio 0.23 0.21 0.06 0.08 0.03 0.06 0.09 0.12 0.14 0.17 0.00 0.01 significant problems if the number is over 1.0.
Change in Net Assets 0.08 0.01 0.12 0.10 0.15 0.02 0.02 0.00 -0.01 0.01 0.12 0.07
Salary to Revenue 0.64 0.65 0.59 0.62 0.58 Debt includes capital leases and the current portions of debt and capital leases.
Tax Rates Change in Net Assets (change in net assets/beginning net assets)
Reems Creek/Reems Creek NC 15.000 13.000 0.120 0.120 0.120 0.120 12.0 12.0 12.0 12.0 12.0 Used to analyze financial performance by providing the magnitude of how the
Reems Creek NE 0.120 0.120 0.120 0.120 12.0 12.0 12.0 12.0 12.0 13.5 department's financial position has improved or deteriorated as a result of its resource
Neutral rate 9.1
flow.
Reems Creek 0.120 0.120 0.120 Neutral rate 10.6 13.5
Reems Creak NC Neutral rate 8.0 13.5
Beaverdam/Beaverdam NC 0.110 0.110 0.110 0.110 11.0 11.0 11.0 11.0 11.0 The natural benchmark is zero or higher. Good to compare as a trend and against other
Beaverdam Neutral rate 8.8 12.0 departments.
Beaverdam NC Neutral rate 7.3 12.0
Reynolds Volunteer Fire Department, Inc BASIS OF ACCOUNTING
Audited but only do cash receipts and disbursements statements Cash Receipts and Disbursements Basis Operations Ratio (total revenues/total expenses)
Used to analyze the financial dimension of service obligations, which determines whether or
not annual revenues were sufficient to pay for annual operations.
Current assets - cash balance 640,565 539,613 506,002 430,836 375,423 344,952 341,542 341,542 315,155 332,880 307,548 346,117
Fixed assets, net - - - NA NA NA NA NA NA NA NA NA Average 1.0 or higher is good. This means revenues are at or exceeding expenses. Good to compare
Total assets 640,565 539,613 506,002 430,836 339,919 344,952 341,542 341,542 315,155 332,880 307,548 346,117 376,919 as a trend instead of against other departments.
Current liabilities-debt & capital Current Assets to Expenses Ratio (current assets/total operating expenses)
lease obligations (current maturity) 28,171 27,244 48,256 73,267 78,330 128,603 138,350 136,680 140,634 105,650 97,250 66,722 Used to analyze the financial dimension of solvency, which represents the fire department's
Current liabilities-other - - - - - - - - - - ability to address long-term obligations. Also used to guage the resources available to
Long-term liabilities-debt & capital weather a financial hardship. This is similar to the fund balance as a percent of
lease obligations 20,262 48,158 34,836 34,643 107,868 186,199 314,800 453,150 552,872 243,147 274,736 114,844 expenditures measure often used with government financials.
Long-term liabilities-other - - - - - - - - - - -
Unrestricted net assets
Restricted net assets FY 2005 Good to compare as a trend and against other departments.
Total cash balance 640,565 539,613 506,002 430,836 375,423 339,919 344,952 341,542 315,155 332,880 307,548 346,117 297,836
check figures Quick Ratio (current assets/current liabilities)
Tax Revenue 919,413 898,424 874,963 858,701 844,917 818,146 791,772 779,563 775,693 662,472 622,520 528,928 The higher the number, the more liquid the entity. A quick ratio of 2.0 is considered
Other Revenue 11,387 20,073 39,536 16,179 13,127 15,030 38,944 45,273 663,693 65,860 372,658 85,446 standard or satisfactory. This means for every $1 of cash liabilities, the department has $2
Total Revenue 930,800 918,497 914,499 874,880 858,044 833,176 830,716 824,836 1,439,386 728,332 995,178 614,374 available to pay for these liabilities. Good to compare as a trend and against other
departments.
Depreciation Expense - - - - - Average Fixed Assets Conditions Ratio (accumulated depreciation/assets being depreciated)
Total Expenses 829,848 884,886 839,333 819,467 822,540 838,209 827,306 798,449 1,457,111 703,000 1,033,747 566,093 871,831 Used to analyze the financial dimension of capital, representing the remaining useful life of
fixed assets .
Change in cash balance 100,952 33,611 75,166 55,413 35,504 (5,033) 3,410 26,387 (17,725) 25,332 (38,569) 48,281
check figures - - - - - - - - - - - This number cannot be higher than 1. The closer the fraction to 1, the more useful life of
the asset. As the number drops towards zero, assets are aging. Good to compare as a trend
Total depreciable assets (excludes and against other departments.
land and CIP) and capital leases NA NA NA NA NA NA NA NA NA NA NA NA
amortization NA NA NA NA NA NA NA NA NA NA NA NA
measure shows the potential risks the department faces in terms of its debt load. The closer
Operations Ratio 1.12 1.04 1.09 1.07 1.04 0.99 1.00 1.03 0.99 1.04 0.96 1.09 the number to 1.0 the more debt burden the department has. There are significant
Quick Ratio 22.74 19.81 10.49 5.88 4.79 2.68 2.47 2.50 2.24 3.15 3.16 5.19
Fixed Assets Conditions NA NA NA NA NA NA NA NA NA NA NA NA Debt includes capital leases and the current portions of debt and capital leases.
Debt Ratio 0.08 0.14 0.16 0.25 0.55 0.91 1.33 1.73 2.20 1.05 1.21 0.52
Change in Net Assets 0.19 0.07 0.17 0.15 0.10 -0.01 0.01 0.08 -0.05 0.08 -0.11 0.16 Change in Net Assets (change in net assets/beginning net assets)
Salary to Revenue 0.59 0.57 0.54 0.56 Used to analyze financial performance by providing the magnitude of how the department's
financial position has improved or deteriorated as a result of its resource flow.
Tax Rate 11.3 11.3 11.3 11.3 11.3 11.0 11.0 11.0 11.0 9.0 9.0 10.0
Neutral rate 8.1
departments.
Salary Expense Ratio: (salary expense/total revenue): Used to measure what salary costs are
in comparison with the revenue brought in.
Riceville Volunteer Fire Department, Inc. BASIS OF ACCOUNTING
Modified Cash Basis
Used to analyze the financial dimension of service obligations, which determines whether or not annual
FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 revenues were sufficient to pay for annual operations.
Current assets 228,177 484,309 549,837 509,520 411,876 263,100 175,461 405,913 413,916
Fixed assets, net 1,851,733 2,081,740 1,357,335 1,305,877 1,207,154 266,563 327,153 279,652 462,703 1.0 or higher is good. This means revenues are at or exceeding expenses. Good to compare as a trend
Total assets 2,079,910 2,566,049 1,907,172 1,815,397 1,619,030 529,663 502,614 685,565 876,619 instead of against other departments.
Current liabilities-debt & capital Current Assets to Expenses Ratio (current assets/total operating expenses)
lease obligations 74,553 115,512 - - - 29,395 89,811 86,608 83,459 Used to analyze the financial dimension of solvency, which represents the fire department's ability to
Current liabilities-other - 9,859 7,075 3,863 - - - - - address long-term obligations. Also used to guage the resources available to weather a financial
Long-term liabilities-debt & hardship. This is similar to the fund balance as a percent of expenditures measure often used with
capital lease obligations - - - - - - 35,001 124,876 211,484
government financials.
Long-term liabilities-other 401,653 657,370 - - - - - - -
Total liabilities 476,206 782,741 7,075 3,863 - 29,395 124,812 211,484 294,943
To illustrate, .25 means there are enough current assets available to fund on average 3 months of
Unrestricted net assets 1,572,162 1,753,787 1,871,664 1,782,174 1,591,705 473,421 351,069 447,845 558,297 expenses, while 1.0 shows enough resources to fund an entire year's expenses. Good to compare as a
Restricted net assets 31,542 29,521 28,433 29,360 27,325 26,847 26,733 26,236 23,379 trend and against other departments.
Total net assets 1,603,704 1,783,308 1,900,097 1,811,534 1,619,030 500,268 377,802 474,081 581,676
check figures - - - - - - - - - Quick Ratio (current assets/current liabilities)
Used to analyze the financial dimension of liquidity, which is the department's ability to address its
short-term obligations.
Tax Revenue 862,671 843,030 828,975 817,259 807,964 790,529 766,661 769,905 806,521 The higher the number, the more liquid the entity. A quick ratio of 2.0 is considered standard or
Other Revenue 361,630 304,097 324,690 386,874 1,185,535 124,713 9,582 81,910 121,152
satisfactory. This means for every $1 of cash liabilities, the department has $2 available to pay for
Total Revenue 1,224,301 1,147,127 1,153,665 1,204,133 1,993,499 915,242 776,243 851,815 927,673
these liabilities. Good to compare as a trend and against other departments.
Other Operational Expenses 331,661 323,900 281,451 269,491 240,272 Fixed Assets Conditions Ratio (accumulated depreciation/assets being depreciated)
Depreciation Expense 208,701 181,757 70,546 64,796 66,440 Used to analyze the financial dimension of capital, representing the remaining useful life of fixed assets
Total Expenses 1,403,905 1,263,916 1,065,102 1,011,629 874,736 792,776 901,159 959,410 951,421 .
Change in net assets (179,604) (116,789) 88,563 192,504 1,118,763 122,466 (124,916) (107,595) (23,748) This number cannot be higher than 1. The closer the fraction to 1, the more useful life of the asset. As
check figures - - - - (1) - 28,637 - - the number drops towards zero, assets are aging. Good to compare as a trend and against other
departments.
(excludes land and CIP) and Debt Ratio (total debt/total assets)
capital leases 3,863,605 3,764,464 3,007,973 2,917,028 2,817,113 1,683,350 1,773,435 1,717,454 1,716,343
Used to measure the proportion of debt the fire department has relative to its assets. The measure
shows the potential risks the department faces in terms of its debt load. The closer the number to 1.0
amortization 1,831,872 1,682,724 1,650,638 1,611,151 1,609,959 1,543,519 1,573,014 1,437,802 1,253,640
the more debt burden the department has. There are significant problems if the number is over 1.0.
Ratios FY17 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09
Operations Ratio 0.87 0.91 1.08 1.19 2.28 1.15 0.86 0.89 0.98 Debt includes capital leases and the current portions of debt and capital leases.
Current Assets to Expenses 0.19 0.45 0.55 0.54 0.51 0.33 0.19 0.42 0.44
Quick Ratio 3.06 3.86 77.72 131.90 #DIV/0! 8.95 1.95 4.69 4.96 Change in Net Assets (change in net assets/beginning net assets)
Fixed Assets Conditions 0.53 0.55 0.45 0.45 0.43 0.08 0.11 0.16 0.27 Used to analyze financial performance by providing the magnitude of how the department's financial
Debt Ratio 0.04 0.05 0.00 0.00 0.00 0.06 0.25 0.31 0.34 position has improved or deteriorated as a result of its resource flow.
Change in Net Assets -0.10 -0.06 0.05 0.12 2.24 0.32 -0.26 -0.18 -0.04
Salary to Revenue 0.71 0.66 0.62 0.56 The natural benchmark is zero or higher. Good to compare as a trend and against other departments.
Tax Rate 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0
Salary Expense Ratio: (salary expense/total revenue): Used to measure what salary costs are in
comparison with the revenue brought in.
Revaluation Price Period Adjustment
Skyland Fire and Rescue Corporation BASIS OF ACCOUNTING
Accrual basis Operations Ratio (total revenues/total expenses)
Current assets 673,380 799,258 672,747 885,006 1,182,193 1,031,364 926,649 608,596 862,397 1,092,339 1,478,811 1,381,954
Other assets 7,876,889 7,888,311 6,782,576 5,572,352 4,410,825 4,502,816 4,954,448 5,416,365 5,492,549 5,851,197 4,976,452 4,952,639 Average
Long-term liabilities-debt & capital department's ability to address long-term obligations. Also used to guage the resources
lease obligations 3,610,005 3,516,550 2,181,004 1,178,539 1,297,153 1,487,319 1,904,593 1,715,931 1,719,691 2,109,524 2,017,104 2,399,630 available to weather a financial hardship. This is similar to the fund balance as a percent of
Long-term liabilities-other - - - - - - - - - - - expenditures measure often used with government financials.
Total liabilities 5,171,548 4,975,084 3,632,030 2,606,402 2,000,171 2,176,141 2,450,375 2,362,129 2,390,229 2,635,461 2,645,852 3,034,128
Restricted net assets 54,801 71,899 112,897 117,161 113,202 110,631 114,007 106,981 93,929 85,606 75,164 69,293 FY 2005
check figures - - - - - - - - - - - -
Tax Revenue 4,439,044 4,219,303 4,042,635 4,112,868 3,932,076 3,670,357 3,839,528 3,891,193 3,674,827 4,063,532 3,903,774 3,647,904
Other Revenue 1,603,402 2,088,514 1,573,016 2,659,016 776,208 453,963 514,415 426,072 121,337 315,610 169,186 114,340 The higher the number, the more liquid the entity. A quick ratio of 2.0 is considered
Total Revenue 6,042,446 6,307,817 5,615,651 6,771,884 4,708,284 4,124,320 4,353,943 4,317,265 3,796,164 4,379,142 4,072,960 3,762,244 standard or satisfactory. This means for every $1 of cash liabilities, the department has $2
Salary & Wage Expenses 4,509,172 4,698,827 3,977,788 3,563,070 3,108,683
departments.
Other Operational Expenses 1,187,085 1,116,966 1,208,504 425,398 968,742
Depreciation Expense 679,953 602,832 457,022 2,525,307 396,051 Average
Total Expenses 6,376,210 6,418,625 5,643,314 6,513,775 4,473,476 4,197,003 4,586,053 4,619,150 4,139,523 3,880,478 3,564,014 3,066,262 4,645,607 Fixed Assets Conditions Ratio (accumulated depreciation/assets being depreciated)
Change in net assets (333,764) (110,808) (27,663) 258,109 234,808 (72,683) (232,110) (301,885) (343,359) 498,664 508,946 695,982 fixed assets .
check figures - - - - - - - - 1 - - -
Total depreciable assets (excludes trend and against other departments.
land and CIP) and capital leases 15,483,009 15,386,323 13,604,638 12,024,525 10,516,258 10,208,683 10,206,377 10,187,792 9,936,783 9,970,857 8,717,601 8,445,415
amortization 8,148,887 7,503,513 6,703,958 6,452,173 6,108,954 5,712,902 5,262,478 4,772,722 4,445,783 4,126,465 3,743,208 3,495,088
measure shows the potential risks the department faces in terms of its debt load. The
Quick Ratio 0.43 0.55 0.46 0.62 1.68 1.50 1.70 0.94 1.29 2.08 2.35 2.18
Fixed Assets Conditions 0.47 0.51 0.51 0.46 0.42 0.44 0.48 0.53 0.55 0.59 0.57 0.59 Debt includes capital leases and the current portions of debt and capital leases.
Debt Ratio 0.52 0.50 0.41 0.33 0.30 0.34 0.38 0.35 0.33 0.34 0.38 0.45
Change in Net Assets -0.09 -0.03 -0.01 0.07 0.07 -0.02 -0.06 -0.08 -0.08 0.13 0.15 0.27 Change in Net Assets (change in net assets/beginning net assets)
Salary to Revenue 0.75 0.74 0.71 0.53 Used to analyze financial performance by providing the magnitude of how the
Tax Rates flow.
Skyland 9.1 9.1 Neutral rate 7.6 9.5
Asheville Suburban 8.5 8.5 8.5 8.5 8.5 8.5 8.5 8.5 8.5
Fletcher 7.8 7.8 7.8 7.8 7.8 7.8 7.8 7.8 7.8 9.5
Neutral rate 8.1
departments.
Skyland/Sklyland-S. Bun. 7.8 7.8 7.8 7.8 7.8 7.8 7.8 7.8 7.8
Skyland-Biltmore Neutral rate 7.7 10.5 Salary Expense Ratio: (salary expense/total revenue): Used to measure what salary costs
Skyland-South Buncombe Neutral rate 7.5 9.5 are in comparison with the revenue brought in.
Swannanoa Volunteer Fire Department and Rescue Squad, Inc. BASIS OF ACCOUNTING
Accrual
FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006 Used to analyze the financial dimension of service obligations, which determines whether
Current assets 1,049,970 969,489 964,152 869,596 839,843 905,995 1,005,436 1,088,096 1,200,986 1,183,729 1,215,594 1,440,536 or not annual revenues were sufficient to pay for annual operations.
Fixed assets, net 2,619,007 2,772,084 2,953,890 2,950,432 3,139,235 3,354,574 3,553,890 3,825,750 4,117,929 4,334,025 3,809,911 3,821,972 Average
Current liabilities-other 92,153 102,328 197,480 81,618 87,452 84,110 85,263 93,872 106,467 75,069 142,659 431,219
Used to analyze the financial dimension of solvency, which represents the fire
Long-term liabilities-debt &
department's ability to address long-term obligations. Also used to guage the resources
capital lease obligations 1,721,858 1,812,593 1,900,923 1,858,073 1,939,500 2,018,109 2,002,534 2,141,507 2,280,174 2,420,763 2,120,026 2,221,955
Long-term liabilities-other - - - - - - - - - - - -
available to weather a financial hardship. This is similar to the fund balance as a percent
Total liabilities 1,905,131 2,003,791 2,185,083 2,022,141 2,106,627 2,179,244 2,233,797 2,380,730 2,526,291 2,623,981 2,349,558 2,736,406 of expenditures measure often used with government financials.
Unrestricted net assets 1,763,846 1,737,781 1,732,959 1,797,887 1,872,451 2,081,325 2,325,529 2,533,116 2,792,624 2,893,773 2,675,947 2,526,102 To illustrate, .25 means there are enough current assets available to fund on average 3
Restricted net assets - - - - - - - - - - - FY 2005 months of expenses, while 1.0 shows enough resources to fund an entire year's expenses.
check figures - (1) - - - - - - - - - -
Tax Revenue 1,406,921 1,385,199 1,338,348 1,360,061 1,262,766 1,253,869 1,230,927 1,225,947 1,281,599 1,394,910 1,376,799 1,202,956
Other Revenue 43,020 29,543 33,980 9,966 47,430 196,743 179,243 264,320 325,642 223,099 47,412 48,540
Total Revenue 1,449,941 1,414,742 1,372,328 1,370,027 1,310,196 1,450,612 1,410,170 1,490,267 1,607,241 1,618,009 1,424,211 1,251,496 The higher the number, the more liquid the entity. A quick ratio of 2.0 is considered
Salary & Wage Expenses 999,965 976,180 1,000,536 971,020 1,045,700 $2 available to pay for these liabilities. Good to compare as a trend and against other
Other Operational Expenses 228,865 222,959 235,859 242,758 230,971 departments.
Total Expenses 1,423,876 1,409,920 1,437,256 1,444,591 1,519,070 1,694,816 1,617,757 1,749,775 1,708,390 1,400,183 1,274,366 919,701 1,470,530 Fixed Assets Conditions Ratio (accumulated depreciation/assets being depreciated)
Change in net assets 26,065 4,822 (64,928) (74,564) (208,874) (244,204) (207,587) (259,508) (101,149) 217,826 149,845 331,795 of fixed assets .
check figures - - - - - - - - - - - -
capital leases 6,920,694 6,882,257 6,920,123 6,727,253 6,686,751 6,663,088 6,563,454 6,531,168 6,500,645 5,806,580 5,806,580 5,555,940 trend and against other departments.
amortization 4,593,244 4,401,731 4,257,790 4,068,378 3,839,073 3,600,071 3,301,121 2,996,975 2,674,273 2,288,226 2,288,226 2,025,525 Debt Ratio (total debt/total assets)
Ratios: FY17 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06 The measure shows the potential risks the department faces in terms of its debt load.
Operations Ratio 1.02 1.00 0.95 0.95 0.86 0.86 0.87 0.85 0.94 1.16 1.12 1.36 The closer the number to 1.0 the more debt burden the department has. There are
Current Assets to Expenses 0.85 0.81 0.78 0.72 0.66 0.53 0.62 0.62 0.70 0.85 0.95 1.57 significant problems if the number is over 1.0.
Quick Ratio 5.73 5.07 3.39 5.30 5.03 5.62 4.35 4.55 4.88 5.82 5.30 2.80
Fixed Assets Conditions 0.34 0.36 0.38 0.40 0.43 0.46 0.50 0.54 0.59 0.61 0.61 0.64 Debt includes capital leases and the current portions of debt and capital leases.
Debt Ratio 0.49 0.51 0.51 0.51 0.51 0.49 0.47 0.47 0.45 0.46 0.44 0.44
Change in Net Assets 0.01 0.00 -0.04 -0.04 -0.10 -0.11 -0.08 -0.09 -0.03 0.08 0.06 0.15
Change in Net Assets (change in net assets/beginning net assets)
Salary to Revenue 0.69 0.69 0.73 0.71
Tax Rate 12.9 12.9 12.9 12.9 12.7 12.0 12.0 12.0 12.0 12.5 12.5 14.0 department's financial position has improved or deteriorated as a result of its resource
Neutral rate 11.8 flow.
Revaluation Revaluation The natural benchmark is zero or higher. Good to compare as a trend and against other
departments.
Upper Hominy Volunteer Fire and Rescue Department, Inc BASIS OF ACCOUNTING
Accrual Basis Operations Ratio (total revenues/total expenses)
FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006
Current assets 802,070 488,154 392,886 367,813 304,631 555,560 478,744 566,749 483,940 457,289 600,312
Fixed assets, net 3,296,687 3,213,899 3,360,715 3,377,715 3,544,071 3,365,164 3,410,846 1,574,072 866,506 645,890 471,799 Average
Total assets 4,098,757 3,702,053 3,753,601 3,745,528 3,848,702 3,920,724 3,889,590 2,140,821 1,350,446 1,103,179 1,072,111 2,965,956 1.0 or higher is good. This means revenues are at or exceeding expenses. Good to
Current liabilities-debt & capital lease
obligations 76,437 76,442 71,771 69,448 49,840 47,716 61,748 - - - 46,057 Current Assets to Expenses Ratio (current assets/total operating expenses)
Current liabilities-other 12,978 20,132 23,477 21,498 22,445 17,526 139,089 17,251 52,023 25,249 16,242 Used to analyze the financial dimension of solvency, which represents the fire
Long-term liabilities-debt & capital department's ability to address long-term obligations. Also used to guage the resources
lease obligations 2,037,248 2,106,392 2,183,353 2,256,118 2,326,265 2,380,513 2,154,506 638,188 - - 96,732 available to weather a financial hardship. This is similar to the fund balance as a percent
Total liabilities 2,126,663 2,202,966 2,278,601 2,347,064 2,398,550 2,445,755 2,355,343 655,439 52,023 25,249 159,031
Unrestricted net assets 1,972,094 1,499,087 1,475,000 1,398,464 1,450,152 1,474,969 1,534,247 1,485,382 1,298,423 1,077,930 913,080
months of expenses, while 1.0 shows enough resources to fund an entire year's
Restricted net assets - - - - - - - - - - FY 2005
expenses. Good to compare as a trend and against other departments.
Total net assets 1,972,094 1,499,087 1,475,000 1,398,464 1,450,152 1,474,969 1,534,247 1,485,382 1,298,423 1,077,930 913,080 844,281
check figures - - - - - - - - - - -
Tax Revenue 653,286 636,296 628,149 575,507 564,846 557,536 533,396 559,464 578,544 564,089 447,508
Other Revenue 474,029 29,788 94,195 33,907 50,217 32,745 53,943 41,409 43,918 42,538 35,506 The higher the number, the more liquid the entity. A quick ratio of 2.0 is considered
Total Revenue 1,127,315 666,084 722,344 609,414 615,063 590,281 587,339 600,873 622,462 606,627 483,014 standard or satisfactory. This means for every $1 of cash liabilities, the department has
Salary & Wage Expenses 239,985 241,662 239,539 239,111 departments.
Other Operational Expenses 246,434 218,884 234,358 249,077
Total Expenses 654,308 641,997 645,808 661,102 639,880 649,559 538,474 413,914 401,969 441,777 414,215 554,818
Change in net assets 473,007 24,087 76,536 (51,688) (24,817) (59,278) 48,865 186,959 220,493 164,850 68,799 of fixed assets .
check figures - - - - - - - - - - -
Total depreciable assets (excludes the asset. As the number drops towards zero, assets are aging. Good to compare as a
land and CIP) and capital leases 5,302,090 5,051,413 4,603,820 4,465,008 4,458,450 4,337,897 4,222,877 1,401,898 1,400,144 1,383,886 1,355,322 trend and against other departments.
amortization 2,005,403 1,837,514 1,656,064 1,500,252 1,327,338 1,385,692 1,224,990 1,106,203 1,029,572 960,320 883,523 Debt Ratio (total debt/total assets)
Ratios: FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06 The measure shows the potential risks the department faces in terms of its debt load.
Operations Ratio 1.72 1.04 1.12 0.92 0.96 0.91 1.09 1.45 1.55 1.37 1.17 The closer the number to 1.0 the more debt burden the department has. There are
Quick Ratio 8.97 5.05 4.12 4.04 4.21 8.52 2.38 32.85 9.30 18.11 9.64
Fixed Assets Conditions 0.62 0.64 0.64 0.66 0.70 0.68 0.71 0.21 0.26 0.31 0.35
Debt Ratio 0.52 0.59 0.60 0.62 0.62 0.62 0.57 0.30 0.00 0.00 0.13 Debt includes capital leases and the current portions of debt and capital leases.
Change in Net Assets 0.32 0.02 0.05 -0.04 -0.02 -0.04 0.03 0.14 0.20 0.18 0.08
Salary to Revenue 0.21 0.36 0.33 0.39 Change in Net Assets (change in net assets/beginning net assets)
Tax Rates department's financial position has improved or deteriorated as a result of its resource
Upper Hominy/Upper Hominy SD 0.110 0.110 0.110 0.110 0.110 11.0 11.0 11.0 11.0 flow.
Upper Hominy Neutral rate 9.2 11.0
Upper Hominy SD Neutral rate 9.9 11.0 The natural benchmark is zero or higher. Good to compare as a trend and against other
departments.
Revaluation Salary Expense Ratio: (salary expense/total revenue): Used to measure what salary costs
West Buncombe Volunteer Fire Department, Inc. BASIS OF ACCOUNTING
Modified Cash Basis Operations Ratio (total revenues/total expenses)
Current assets 2,107,545 1,861,916 1,651,065 1,453,136 1,227,324 1,045,412 1,243,304 1,104,014 1,333,553 1,908,800 1,542,021 1,213,256
Fixed assets, net 2,629,129 2,747,492 2,874,060 2,812,857 2,963,220 3,259,925 3,586,488 3,904,153 3,734,973 2,939,919 3,044,387 3,161,542 Average
Current liabilities-debt & capital lease
obligations - - - - - - 134,226 129,143 127,299 120,802 114,680 108,868 Current Assets to Expenses Ratio (current assets/total operating expenses)
Current liabilities-other - 2,675 2,135 8,080 2,851 2,927 - - - - - 3,846 Used to analyze the financial dimension of solvency, which represents the fire
Long-term liabilities-debt & capital department's ability to address long-term obligations. Also used to gauge the resources
lease obligations - - - - - - 382,986 529,652 645,530 772,932 892,868 1,006,772 available to weather a financial hardship. This is similar to the fund balance as a percent of
Long-term liabilities-other - - - - - - - - - - - - expenditures measure often used with government financials.
Total liabilities - 2,675 2,135 8,080 2,851 2,927 517,212 658,795 772,829 893,734 1,007,548 1,119,486
Restricted net assets - - - - - - - 339,271 90,075 52,025 - FY 2005 months of expenses, while 1.0 shows enough resources to fund an entire year's expenses.
check figures - - - - - - - - - - - -
Tax Revenue 1,871,967 1,762,579 1,508,625 1,471,949 1,377,208 1,348,718 1,298,220 1,273,192 1,285,105 1,158,806 1,125,453 970,221
Total Revenue 1,896,644 1,797,591 1,811,657 1,567,382 1,397,558 1,371,164 1,318,321 1,416,033 1,599,829 1,511,740 1,271,502 1,152,284 standard or satisfactory. This means for every $1 of cash liabilities, the department has $2
Salary & Wage Expenses 1,134,520 1,103,001 1,000,551 865,300 929,144
departments.
Total Expenses 1,766,703 1,713,848 1,546,580 1,497,162 1,512,275 1,381,334 1,355,113 1,362,358 1,259,117 1,135,615 947,954 864,071 1,325,039 Fixed Assets Conditions Ratio (accumulated depreciation/assets being depreciated)
Change in net assets 129,941 83,743 265,077 70,220 (114,717) (10,170) (36,792) 53,675 340,712 376,125 323,548 288,213 fixed assets .
check figures - - - - - - - - - - - -
Total depreciable assets (excludes the asset. As the number drops towards zero, assets are aging. Good to compare as a
land and CIP) and capital leases 6,601,058 6,416,489 6,333,326 5,988,257 5,790,889 5,746,043 5,855,698 5,842,968 5,637,390 4,596,983 4,525,847 4,534,788 trend and against other departments.
amortization 4,163,744 3,860,812 3,524,646 3,190,780 2,877,669 2,536,118 2,319,210 1,988,815 1,952,417 1,707,064 1,531,460 1,423,246
Ratios: FY17 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06
Operations Ratio 1.07 1.05 1.17 1.05 0.92 0.99 0.97 1.04 1.27 1.33 1.34 1.33 measure shows the potential risks the department faces in terms of its debt load. The
Current Assets to Expenses 1.44 1.35 1.36 1.23 1.05 0.76 0.92 0.81 1.06 1.68 1.63 1.40 closer the number to 1.0 the more debt burden the department has. There are significant
Quick Ratio #DIV/0! 696.04 773.33 179.84 430.49 357.16 9.26 8.55 10.48 15.80 13.45 10.76 problems if the number is over 1.0.
Debt Ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.13 0.15 0.18 0.22 0.26 Debt includes capital leases and the current portions of debt and capital leases.
Change in Net Assets 0.03 0.02 0.06 0.02 -0.03 0.00 -0.01 0.01 0.09 0.11 0.10 0.10
Salary to Revenue 0.60 0.61 0.55 0.55 0.66 Change in Net Assets (change in net assets/beginning net assets)
Tax Rates department's financial position has improved or deteriorated as a result of its resource
W. Buncombe/W Buncombe NW 12.0 12.0 12.0 10.0 10.0 10.0 8.0 9.0 9.0 8.0 8.0
flow.
W. Buncombe Neutral rate 7.3 9.0
W. Buncombe NW Neutral rate 7.0 9.0
Revaluation The natural benchmark is zero or higher. Good to compare as a trend and against other
departments.
Revaluation
Woodfin Volunteer Fire Department, Inc. BASIS OF ACCOUNTING
Accrual Basis Operations Ratio (total revenues/total expenses)
Current assets 855,659 869,332 880,079 803,401 649,120 500,277 500,984 350,036 313,117 259,980 195,913 197,566
Fixed assets, net 720,052 815,298 908,241 996,768 1,071,034 1,211,280 907,343 998,058 1,154,481 1,227,279 1,211,371 1,347,904 Average
capital lease obligations - 42,758 84,091 124,045 179,993 68,499 117,525 191,151 265,661 380,054 499,547 available to weather a financial hardship. This is similar to the fund balance as a percent
Unrestricted net assets 1,506,153 1,573,084 1,624,192 1,586,413 1,472,879 1,395,708 1,251,170 1,129,772 1,089,322 1,058,920 882,726 855,050
Restricted net assets 32,024 42,990 40,151 37,645 37,609 35,267 31,422 28,380 23,427 17,685 17,212 15,343 FY 2005 months of expenses, while 1.0 shows enough resources to fund an entire year's expenses.
Total net assets 1,538,177 1,616,074 1,664,343 1,624,058 1,510,488 1,430,975 1,282,592 1,158,152 1,112,749 1,076,605 899,938 870,393 825,709 Good to compare as a trend and against other departments.
check figures - - - - - - - - - - - -
Tax Revenue 735,982 706,758 687,439 720,006 710,153 767,755 713,554 655,149 636,123 612,297 555,053 434,471
Total Revenue 744,491 714,342 696,789 767,309 725,502 773,911 716,849 660,461 644,959 747,862 572,321 529,457 standard or satisfactory. This means for every $1 of cash liabilities, the department has $2
departments.
Total Expenses 822,388 762,611 656,504 653,739 645,991 625,528 592,409 615,058 608,815 571,195 542,776 484,773 614,491 Fixed Assets Conditions Ratio (accumulated depreciation/assets being depreciated)
Change in net assets (77,897) (48,269) 40,285 113,570 79,511 148,383 124,440 45,403 36,144 176,667 29,545 44,684 fixed assets .
check figures - - - - 2 - - - - - - -
capital leases 3,415,030 3,367,055 3,323,060 3,338,959 3,337,607 2,900,852 2,854,445 2,852,709 2,764,069 2,641,679 2,677,767
amortization 2,629,735 2,488,814 2,356,292 2,297,925 2,156,327 2,025,516 1,888,394 1,730,234 1,568,797 1,462,315 1,361,870
Ratios: FY17 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06 measure shows the potential risks the department faces in terms of its debt load. The
Quick Ratio 22.80 12.68 10.84 8.73 7.58 4.97 8.75 4.83 1.91 1.79 1.54 1.13
Fixed Assets Conditions #DIV/0! 0.23 0.26 0.29 0.31 0.35 0.30 0.34 0.39 0.43 0.45 0.49 Debt includes capital leases and the current portions of debt and capital leases.
Debt Ratio 0.00 0.03 0.05 0.07 0.10 0.16 0.08 0.13 0.24 0.27 0.35 0.40
Change in Net Assets -0.05 -0.03 0.02 0.08 0.06 0.12 0.11 0.04 0.03 0.20 0.03 0.05 Change in Net Assets (change in net assets/beginning net assets)
Salary to Revenue 0.07 0.66 0.56 0.51 Used to analyze financial performance by providing the magnitude of how the
Tax Rates
flow.
Woodfin/Woodfin NC 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0
Woodfin Neutral rate 8.1 10.0
Woodfin NC Neutral rate 3.3 10.0 The natural benchmark is zero or higher. Good to compare as a trend and against other
Revaluation departments.
Revaluation Salary Expense Ratio: (salary expense/total revenue): Used to measure what salary costs
Fire Department Audited Financial Statements Received
Fire Department Basis of Accounting Accounting Firm
Barnardsville Modified Cash Basis Corliss & Solomon, PLLC

Broad River Modified Cash Basis Goldsmith, Molis & Gray, PLLC
Enka-Candler Accrual Basis Johnson Price & Spinkle, PA
Fairview Modified Cash Basis Gould Killian CPA Group, PA
French Broad GAAP Corliss & Solomon, PLLC
Garren Creek Accrual Basis Goldsmith, Molis & Gray, PLLC
Haw Creek***
Jupiter Modified Cash Basis Corliss & Solomon, PLLC
Leicester Modified Cash Basis Goldsmith, Molis & Gray, PLLC
Reems Creek/Beaverdam Accrual Basis Gregg & Company, P.A.
Reynolds Cash Basis Gould Killian CPA Group, PA
Riceville Modified Cash Basis Johnson Price & Spinkle, PA
Skyland/Fletcher/Asheville Suburban Accrual basis Johnson Price & Spinkle, PA
Swannanoa Accrual Leah B. Noel, CPA PC
Upper Hominy Accrual Basis Suzan H. Sluder, CPA, PA
North Buncombe (Weaverville financial stmts) Audit, GAAP Johnson Price & Spinkle, PA
West Buncombe Modified Cash Basis Gould Killian CPA Group, PA
Woodfin Accrual Basis Sullivan & Sullivan
East Buncombe (Black Mountain financial stmts) Audit, GAAP Gould Killian CPA Group, PA
Note: Beaverdam was incorporated into Reems Creek in 1991. North Buncombe fire district financial information
is incorporated into the Town of Weaverville CAFR and East Buncombe fire district information incorporated into Black Mountain CAFR.
Skyland also receives Fletcher and Asheville Suburban tax revenues. Hawcreek assets and tax revenues split between Asheville, Reems
Creek and Riceville starting in July 2009.

Fire Department Financial Analysis

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Fire Department Financial Analysis

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Barnardsville Volunteer Fire Department, Inc.

Quick Ratio (current assets/current liabilities)

Operations Ratio (total revenues/total expenses)

Current liabilities-debt & capital

Salary & Wage Expenses 265,079 209,676 211,074 222,216

Total depreciable assets

Quick Ratio (current assets/current liabilities)

Operations Ratio (total revenues/total expenses)

Quick Ratio (current assets/current liabilities)

Fire Department Basis of Accounting Accounting Firm

Barnardsville Modified Cash Basis Corliss & Solomon, PLLC

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