State Medians
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| 2023 * | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Statement of Net Position – Governmental Activities ($000) | |||||
| Cash & Short-Term Investments | 16,754,517 | 14,215,145 | 10,642,709 | 6,880,127 | 4,711,461 |
| Total Assets | 48,361,832 | 45,265,293 | 39,120,900 | 33,147,908 | 30,024,504 |
| Total Debt (Gov Activities) | 4,452,212 | 4,697,111 | 3,883,034 | 3,704,974 | 3,778,310 |
| Total Liabilities | 20,584,513 | 19,627,823 | 18,378,023 | 15,997,021 | 14,636,115 |
| Unrestricted Net Assets | 602,122 | -663,567 | -2,616,749 | -4,019,773 | -3,680,952 |
| Total Net Assets | 22,059,609 | 17,662,455 | 13,379,746 | 11,007,382 | 10,252,224 |
| Statement of Activities – Governmental Activities ($000) | |||||
| Sales Tax Rev or Gross Receipts Tax Rev (Gov) | 4,772,516 | 4,632,361 | 3,921,017 | 3,716,377 | 3,630,891 |
| Income Tax Rev | 5,835,442 | 5,903,944 | 5,016,711 | 4,279,694 | 4,497,832 |
| Total Exp | 33,715,740 | 29,538,284 | 25,956,109 | 22,274,188 | 20,415,147 |
| Revenue Over Expense | 2,682,232 | 3,346,000 | 2,098,143 | 151,462 | 669,578 |
| Liquidity | |||||
| Days Cash on Hand | 164.1 | 150.8 | 123.3 | 70.2 | 59.7 |
| Days Cash on Hand (Gov Activities) | 175.4 | 169.5 | 139.2 | 107.3 | 86.3 |
| Current Ratio (Gov Activities) | 2.85 | 2.48 | 2.18 | 1.88 | 2.15 |
| Payment Period (Gov Activities) | 50.9 | 57.2 | 55.6 | 55.4 | 52.9 |
| Capital | |||||
| Average Age of PPE (Gov Activities) | 14.1 | 13.6 | 15.6 | 15.1 | 14.4 |
| Long-Term Debt / Capitalization % (Gov Activities) | 20.6 | 23.7 | 9.7 | 12.6 | 12.4 |
| Total Direct Debt / Capitalization % (Gov Activities) | 22.82 | 24.18 | 17.78 | 17.50 | 17.41 |
| Leverage | |||||
| Cashflow / Total Debt % (Gov Activities) | 57.5 | 57.0 | 44.8 | 15.4 | 18.2 |
| Total Direct Debt + Net Pension & OPEB Liability (Single, Agent & Cost-Sharing) per Capita | 2,436.1 | 2,204.6 | 3,789.3 | 2,870.9 | 2,959.1 |
| Total Direct Debt + Net Pension & OPEB Liability (Single, Agent & Cost-Sharing) / Personal Income % | 4.0 | 3.6 | 5.7 | 5.0 | 6.3 |
| Financial Condition | |||||
| Unrst Net Assets (Gov) / Tot Exp (Gov) % | 1.6 | -3.2 | -14.1 | -23.8 | -25.4 |
| Assigned Fund Bal + Unassigned Fund Bal / Gen Fund Exp % | 29.8 | 20.4 | 11.6 | 6.1 | 6.3 |
| Total Tax Rev per Capita (Gov Activities) | 3,907.7 | 3,924.8 | 3,336.6 | 3,010.6 | 3,014.9 |
| Profile | |||||
| Population | 4,493,632 | 4,372,275 | 4,371,546 | 4,344,231 | 4,323,906 |
| Unemployment Rate | 3.5 | 3.7 | 5.5 | 9.3 | 3.7 |
| State GDP (Millions) | 286,761 | 247,957 | 212,211 | 212,973 | 207,352 |
| Statement of Net Position – Governmental Activities ($000) | |
|---|---|
| Cash & Short-Term Investments | |
| 2023 * | 16,754,517 |
| 2022 | 14,215,145 |
| 2021 | 10,642,709 |
| 2020 | 6,880,127 |
| 2019 | 4,711,461 |
| Total Assets | |
| 2023 * | 48,361,832 |
| 2022 | 45,265,293 |
| 2021 | 39,120,900 |
| 2020 | 33,147,908 |
| 2019 | 30,024,504 |
| Total Debt (Gov Activities) | |
| 2023 * | 4,452,212 |
| 2022 | 4,697,111 |
| 2021 | 3,883,034 |
| 2020 | 3,704,974 |
| 2019 | 3,778,310 |
| Total Liabilities | |
| 2023 * | 20,584,513 |
| 2022 | 19,627,823 |
| 2021 | 18,378,023 |
| 2020 | 15,997,021 |
| 2019 | 14,636,115 |
| Unrestricted Net Assets | |
| 2023 * | 602,122 |
| 2022 | -663,567 |
| 2021 | -2,616,749 |
| 2020 | -4,019,773 |
| 2019 | -3,680,952 |
| Total Net Assets | |
| 2023 * | 22,059,609 |
| 2022 | 17,662,455 |
| 2021 | 13,379,746 |
| 2020 | 11,007,382 |
| 2019 | 10,252,224 |
| Statement of Activities – Governmental Activities ($000) | |
| Sales Tax Rev or Gross Receipts Tax Rev (Gov) | |
| 2023 * | 4,772,516 |
| 2022 | 4,632,361 |
| 2021 | 3,921,017 |
| 2020 | 3,716,377 |
| 2019 | 3,630,891 |
| Income Tax Rev | |
| 2023 * | 5,835,442 |
| 2022 | 5,903,944 |
| 2021 | 5,016,711 |
| 2020 | 4,279,694 |
| 2019 | 4,497,832 |
| Total Exp | |
| 2023 * | 33,715,740 |
| 2022 | 29,538,284 |
| 2021 | 25,956,109 |
| 2020 | 22,274,188 |
| 2019 | 20,415,147 |
| Revenue Over Expense | |
| 2023 * | 2,682,232 |
| 2022 | 3,346,000 |
| 2021 | 2,098,143 |
| 2020 | 151,462 |
| 2019 | 669,578 |
| Liquidity | |
| Days Cash on Hand | |
| 2023 * | 164.1 |
| 2022 | 150.8 |
| 2021 | 123.3 |
| 2020 | 70.2 |
| 2019 | 59.7 |
| Days Cash on Hand (Gov Activities) | |
| 2023 * | 175.4 |
| 2022 | 169.5 |
| 2021 | 139.2 |
| 2020 | 107.3 |
| 2019 | 86.3 |
| Current Ratio (Gov Activities) | |
| 2023 * | 2.85 |
| 2022 | 2.48 |
| 2021 | 2.18 |
| 2020 | 1.88 |
| 2019 | 2.15 |
| Payment Period (Gov Activities) | |
| 2023 * | 50.9 |
| 2022 | 57.2 |
| 2021 | 55.6 |
| 2020 | 55.4 |
| 2019 | 52.9 |
| Capital | |
| Average Age of PPE (Gov Activities) | |
| 2023 * | 14.1 |
| 2022 | 13.6 |
| 2021 | 15.6 |
| 2020 | 15.1 |
| 2019 | 14.4 |
| Long-Term Debt / Capitalization % (Gov Activities) | |
| 2023 * | 20.6 |
| 2022 | 23.7 |
| 2021 | 9.7 |
| 2020 | 12.6 |
| 2019 | 12.4 |
| Total Direct Debt / Capitalization % (Gov Activities) | |
| 2023 * | 22.82 |
| 2022 | 24.18 |
| 2021 | 17.78 |
| 2020 | 17.50 |
| 2019 | 17.41 |
| Leverage | |
| Cashflow / Total Debt % (Gov Activities) | |
| 2023 * | 57.5 |
| 2022 | 57.0 |
| 2021 | 44.8 |
| 2020 | 15.4 |
| 2019 | 18.2 |
| Total Direct Debt + Net Pension & OPEB Liability (Single, Agent & Cost-Sharing) per Capita | |
| 2023 * | 2,436.1 |
| 2022 | 2,204.6 |
| 2021 | 3,789.3 |
| 2020 | 2,870.9 |
| 2019 | 2,959.1 |
| Total Direct Debt + Net Pension & OPEB Liability (Single, Agent & Cost-Sharing) / Personal Income % | |
| 2023 * | 4.0 |
| 2022 | 3.6 |
| 2021 | 5.7 |
| 2020 | 5.0 |
| 2019 | 6.3 |
| Financial Condition | |
| Unrst Net Assets (Gov) / Tot Exp (Gov) % | |
| 2023 * | 1.6 |
| 2022 | -3.2 |
| 2021 | -14.1 |
| 2020 | -23.8 |
| 2019 | -25.4 |
| Assigned Fund Bal + Unassigned Fund Bal / Gen Fund Exp % | |
| 2023 * | 29.8 |
| 2022 | 20.4 |
| 2021 | 11.6 |
| 2020 | 6.1 |
| 2019 | 6.3 |
| Total Tax Rev per Capita (Gov Activities) | |
| 2023 * | 3,907.7 |
| 2022 | 3,924.8 |
| 2021 | 3,336.6 |
| 2020 | 3,010.6 |
| 2019 | 3,014.9 |
| Profile | |
| Population | |
| 2023 * | 4,493,632 |
| 2022 | 4,372,275 |
| 2021 | 4,371,546 |
| 2020 | 4,344,231 |
| 2019 | 4,323,906 |
| Unemployment Rate | |
| 2023 * | 3.5 |
| 2022 | 3.7 |
| 2021 | 5.5 |
| 2020 | 9.3 |
| 2019 | 3.7 |
| State GDP (Millions) | |
| 2023 * | 286,761 |
| 2022 | 247,957 |
| 2021 | 212,211 |
| 2020 | 212,973 |
| 2019 | 207,352 |
* Median values are based upon the number of audits received at any given point in time. Therefore, the median values for the most recent year(s) are subject to frequent updating and may not yet accurately characterize the median values of a complete sample size.
