The operating ratio demonstrates the ability to generate revenues to fund current or desired service levels. A ratio of 1:1 or higher indicates budget solvency. The ratio is measured by comparing audited General Fund expenditures to audited General Fund revenues. The measure focuses on the General Fund as it is the County's chief operating fund.
This chart focuses on the General Fund as it is the County's chief operating fund. When audited General Fund Revenues equal or exceed audited General Fund Expenditures in any year, it indicates budget solvency and an ability to fund current or desired service levels.
The pension funded ratio compares actuarial assets to actuarial accrued liabilities. High ratios indicate a well-funded plan with assets sufficient to cover liabilities. Lower ratios may indicate poor asset performance, recent changes to actuarial assumptions such as reductions to the assumed rate of return, or a variety of other factors.
The County Assessor prepares the local roll of taxable property each year which reports the assessed values of real and personal property (secured and unsecured property). Growth in assessed value can be impacted by changes in the real estate market such as changes in ownership, new construction and inflation.