2019-2020 Fiscal

Year Citizen Centric

Report

The City of Fishers Indiana during the COVID-19 pandemic, we look to provide safety
and security to our citizen as well as to maintain economic stability during this
unfortunate turn of events. To begin the COVID-19 recovery, we look at how our
population is adapting to the new vaccine being integrated into the population. It is
of great honor to report that 64% of the eligible City population has been fully
vaccinates while over 70% of the eligible population has received the first dose. The
most important part of this report is that 90% of the over 60 years has been fully
vaccinated. As a part of the City of Fishers’ 25-year plan (Fishers 2040) to ensure financial stability in the future
that was adopted in 2015 has been revised for the upcoming 2021 fiscal year. It is our mission to incorporate a
flexible framework that helps support economic growth and the city’s development as we estimate that our
city population will increase to 135,000 residents. It is important to note that our City’s Controller’s office has
received the 13th GFOA Disguised Budget Presentation Award and is 32nd Certificate of Achievement for
Excellence in Financial Reporting for the fiscal year that ended December 31, 2020.

ELECTED OFFICIALS CITY POSITION YEARS OF

SERVICE
Cecilia Coble President 6

Selina Stoller Vice-President 6

Todd Zimmerman City Council District at 6

Large
David George City Council District SW 18

Pete Peterson City Council District SE 9

Brad DeReamer City Council District NE 6

John W. Weingardt City Council District SC 9

Samantha Delong City Council District NC 1

Jocelyn Vare City Council District at 1

Large
Daniel E. Henke City Judge 9

Jennifer Kehl City Clerk 6

Scott Fadness Mayor 6

 Fiscal Year 2019-2020 Citizen Centric Report

Governmental Fund – How are we doing: (Government-wide Financial Analysis)

Statement of Net Positions 2020 ($ in thousands)
Government Activities Business-Type Activities Total

Current and other assets $

2020
114,617 $
2020
14,648 $
2020
129,265
Total Net Positons
Capital assets $ 454,595 $ 81,699 $ 536,294
Total assets $ 569,212 $ 96,347 $ 665,559
Deferred outflow of resources $ 15,385 $ 928 $ 16,313 Total
Long-term liabilities $ 319,766 $ 26,602 $ 346,369 Assets
Other liabilities $ 45,340 $ 1,930 $ 47,270 $393,638.
Total liabilities $ 365,106 $ 28,532 $ 393,638 Total
00 ; 37%
Liabilies
Deferred inflow of resources $ 5,298 $ 831 $ 6,129
Net investment in capital assets $ 151,476 $ 57,566 $ 209,042 $665,559.
Restricted net position $ 50,114 $ 6,223 $ 56,337 00 ; 63%
Unrestricted net position $ 12,603 $ 4,123 $ 16,726
Total net position $ 214,193 $ 67,912 $ 282,105

Within our government-wide statement of net positions, we see that our assets have exceeded
liabilities by $282,105 at the end of the fiscal year 2020. In order to maintain a sustainable budget, it is
important that we keep our assets to liability at a 2/1 ratio. This promotes a healthy growth pattern that
matches the Fishers 2040 outlook. It is important to note that $209,042 (74.1%) or our net position consists of
capital assets. These are assets that are not expendable and are used to provide services to the City of Fishers.
Another $56,337 (20.0%) is locked in restricted net position which have specific guidelines to how they can be
used. The last $16,726 (5.9%) will be used to meet other obligations to the citizens and its creditors. This
unrestricted net position usually has a negative balance associated with it due to the utilization of pay-as-you-
go policies to source money for, long-term debt, pensions, and other post-employment benefits.
Net Positions ($ in thousands)
2020
Allocation
Restric
of Net Positions
Unrest
ricted
Net investment in capital assets $ 209,042 ted net
net positi
Restricted net position $ 56,337 positi on
Unrestricted net position $ 16,726 on 6%
20%
Total net position $ 282,105

Net
invest
ment
in
capital
assets
74%
 Fiscal Year 2019-2020 Citizen Centric Report

Financial Funds – What are the Revenues & Expenses: (General Fund, COVID-FEMA
Funds, & State Road 37 Match)
General Fund COVID-FEMA Funds State Road 37 Match
Total Revenues $ 60,402,219 $ - $ 4,319,840
Total Expenditures $ 56,642,843 $ 2,776,835 $ 4,771,553
Excess of Revenues over Expenditures $ 3,759,376 $ (2,776,835) $ (451,713)
Transfers In $ 3,300,000 $ - $ -
Transfers Out $ (2,000,000) $ - $ -
Net Change in Fund Balances $ 5,059,376 $ (2,776,835) $ (451,713)
Fund Balances-beginning $ 20,092,254 $ - $ 1,017,468
Fund Balances-end $ 25,151,360 $ (2,776,835) $ 565,755

Within the three Major funds for Revenues v Expendatures

the City of Fishers (General Fund, COVID-
100%
FEMA Fund, & State Road 37 Match) we 90%
have provided the total revenues and 80%
Percent of Fund

70%
expenditures associated with these 60%

figures. In the General Fund revenues 50%

40%
exceeded expenditures by $5,059,376 30%
20%
due to our revenue increasing by around
10%
2,444,000 and our expenditures 0%
General Fund COVID-FEMA Funds State Road 37 Match
decreasing by $502,000. The major
revenue increase from this fund came from charges for services. These charges for services include things such
as waster removal. Within this fund, our major expenditure came from public safety. This has been an
important expenditure to look at since we are in the middle of a Global Pandemic due to the COVID-19 virus.
The money used for public safety went to hospitals and other primary and secondary care providers around
the city. The COVID-FEMA Fund resulted in a negative balance due to the unreimbursed grants that are
waiting to be accounted for. This fund is being used to provide vaccines to our citizens and other COVID
related relief practices. The State Road 37 Match had a decrease in fund balance by $451,713 due to the use
of resources to perform road construction on State Road 37. It is important to note that over the next couple
years this fund will slowly deplete due to the completion of this ongoing project.
 Fiscal Year 2019-2020 Citizen Centric Report

Projects – What’s next: (Completed Projects & New Projects)

Completed Projects:
 2019-02 Overlay/Resurface Project
 Allisonville Widening
 Fishers Test Kitchen
 136th & Cyntheanne Project
 126th & Reynolds Project

Fishers Test Kitchen

New Upcoming Projects:
 146th & Ind. 37 Interchange
 Nickle Plate Trail Tunnel
 Geist Waterfront Park
 Private Sector Projects- First Internet Bank, CRG Residential Project (5-story apartment 241 units, 10
townhomes, office space, & parking garage)
 Homeownership Efforts- The City of Fishers is launching a series of programs to grow home ownership
A list of full project details are located: https://www.youarecurrent.com/2020/12/22/looking-ahead-fishers-major-projects-in-2021-
include-the-nickel-plate-trail-tunnel-and-first-internet-bank/

Proposed CRG Residential Project

Geist Waterfront Park Proposal