Solvency Ratio |
(10-year history) |
Solvency Ratio = Undesignated Fund Equity divided by the Total General Fund Revenue. |
| Fiscal Year | Undesignated Fund Equity |
Total Revenue |
Solvency Ratio |
| 2001-2002 | $631,191.00 |
$8,141,964.00 |
7.75% |
| 2002-2003 | $249,215.00 |
$8,299,028.38 |
3.00% |
| 2003-2004 | $21,660.00 |
$8,730,094.90 |
.25% |
| 2004-2005 | ($214,889.00) |
$9,137,282.00 |
(2.4%) |
| 2005-2006 | ($756,455.00) |
$9,643,897.00 |
(7.84%) |
| 2006-2007 | ($890,344.00) |
$10,644,666.00 |
(8.36%) |
| 2007-2008 | ($428,088.00) |
$11,764,686.00 |
(3.64%) |
| 2008-2009 | ($290,032.05) |
$12,533,023.21 |
(2.31%) |
| 2009-2010 | ($221,684.49) |
$12,645,594.00 |
(1.75%) |
| 2010-2011 | $445,663.51 |
$13,830,344.00 |
3.22% |
| *Target Solvency Position | 5 to 10% |
| *Acceptable Solvency Position | 0 to 4.99% |
| *Solvency Alert | (2.99) to 0% |
| *Solvency Concern | (3) and lower |