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STATISTICAL SECTION

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					STATISTICAL SECTION
This part of the City of Pembroke Pines, Florida’s comprehensive annual financial report represents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City’s overall financial health. Page Financial Trends: These schedules contain trend information to help the readers understand how the City’s financial performance and well-being have changed over time.
Net Assets by Component......................................................................................................... 128 Changes in Net Assets .............................................................................................................. 129 Governmental Activities Tax Revenues by Source ..................................................................131 Fund Balances of Governmental Funds .................................................................................... 132 Changes in Fund Balances of Governmental Funds ................................................................. 133 General Governmental Tax Revenue by Source....................................................................... 134

Revenue Capacity: These schedules contain information to help the readers assess the City’s most significant local revenue source, the property tax.
Assessed Value and Estimated Actual Value of Taxable Property........................................... 135 Property Tax Rates.................................................................................................................... 136 Principal Property Taxpayers.................................................................................................... 137 Property Tax Levies and Collections ........................................................................................ 138

Debt Capacity: These schedules present information to help the readers assess the affordability of the City’s current level of outstanding debt and the City’s ability to issue additional debt in the future.
Ratios of Outstanding Debt by Type ........................................................................................ 139 Ratios of General Bonded Debt Outstanding............................................................................ 140 Direct and Overlapping Government Activities Debt............................................................... 141 Pledged-Revenue Coverage ...................................................................................................... 142

STATISTICAL SECTION

Page Demographic and Economic Information: These schedules offer demographic and economic indicators to help the readers understand the environment within which the City’s financial activities take place.
Demographic and Economic Statistics .....................................................................................144 Principal Employers.................................................................................................................. 145

Operating Information: These schedules contain service and infrastructure data to help the readers understand how the information in the City’s financial report relates to the services the City provides and the activities it performs.
Full-time Equivalent City Government Employees by Function.............................................. 146 Operating Indicators by Function ............................................................................................. 147 Capital Asset Statistics by Function ......................................................................................... 148

Other Information: These schedules are supplementary schedules including additional continuing disclosure schedules, Schedule of Debt Service on Outstanding Bonds, Schedule of Insurance in Force, and School Enrollment.
Property Assessed Value, Outstanding Debt, Legal Debt Limit and Covenants ......................149 Debt Service Coverage – Electric Public Service Tax..............................................................154 Debt Service Coverage – Electric Franchise Fees .................................................................... 155 Debt Service Coverage – Rentals ............................................................................................. 156 Debt Service Coverage – Communications Services Tax and Water Public Service Tax........ 157 Schedule of Debt Service on Outstanding Bonds ..................................................................... 158 Schedule of Insurance in Force................................................................................................. 159 School Enrollment .................................................................................................................... 160 Property Value and Construction.............................................................................................. 161 General Information.................................................................................................................. 162

Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year. The City implemented GASB Statement 34 in 2002; schedules presenting government-wide information include information beginning in that year.

City of Pembroke Pines
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years Total Direct Tax Rate (5) 3.9034 3.9034 3.9034 3.9034 4.4597 4.5990 4.5990 4.5990 4.9265 4.8596 Estimated Actual Taxable Value $ 5,147,208,118 5,726,468,609 6,289,968,753 6,855,447,486 7,579,681,777 8,678,811,181 10,220,280,583 11,606,680,186 13,606,059,092 17,145,457,817 Assessed Value(6) as a Percentage of Actual Value 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Fiscal Year Ended September 30 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Assessment Value Real Property $ 4,912,997,040 5,470,069,790 6,007,465,480 6,541,449,910 7,259,698,260 8,353,286,540 9,893,613,820 11,264,982,620 13,270,318,770 16,778,736,280 Personal Property $ 234,211,078 256,398,819 282,503,273 313,997,576 319,983,517 325,524,641 326,666,763 341,697,566 335,740,322 366,721,537 Tax-Exempt Properties(1) $ 258,443,649 279,179,649 281,580,840 308,744,700 353,757,395 385,820,960 467,318,917 556,966,799 632,642,006 781,881,297

Less: Personal Exemptions(2) $ 817,619,450 867,240,210 918,649,190 1,013,417,350 1,046,873,320 1,093,126,650 1,137,266,930 1,152,257,400 1,170,867,380 1,170,127,780 Capped Differential(3) $ 104,040,970 124,980,180 108,756,020 99,567,590 228,088,840 660,162,890 1,273,239,600 1,831,872,990 2,773,394,220 4,554,450,930 V.A.B. Adjustments (4) $ 14,140,327 24,821,302 23,004,493 31,420,987 66,883,039 99,433,357 91,310,573 53,852,583 52,508,365 46,195,039

Total Taxable Assessed Value $ 3,952,963,722 4,430,247,268 4,957,978,210 5,402,296,859 5,884,079,183 6,440,267,324 7,251,144,563 8,011,730,414 8,976,647,121 10,592,802,771

Source: Forms DR-403 & DR-420, Broward County Property Appraiser (BCPA). Note: Property in Broward County is reassessed annually. The County assesses property at just value (market value) for all types of real and personal property. Therefore, just value is equivalent to estimated actual taxable value. Tax rates are per $1,000 of assessed value. (1) Just value of agricultural land classified net of use value, governmental and institutional (charitable, religious, scientific, and educational). (2) Widows/widowers, disability/blind, $25,000 homestead, additional $25,000 homestead age 65 and older and homestead assessment reduction for parents or grandparents. (3) Per Florida Statute 193.155, the reassessed value of homestead property shall not exceed the lower of a) 3% of the assessed value of the property for the prior year; or b) the percentage change in the Consumer Price Index. (4) Final adjustments to assessed value made by the Value Adjustment Board (VAB) of Broward County per Florida Statute 194.011 & BCPA. (5) Total direct tax rate for FY 2006 includes debt service millage of 0.3275 and FY 2007 of 0.2606. (6) Includes tax-exempt property.

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City of Pembroke Pines, Florida
Property Tax Rates Direct and Overlapping(1) Governments Last Ten Fiscal Years

Fiscal Year 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

City of Pembroke Pines Debt Total Operating Service City Millage Millage Millage 3.9034 3.9034 3.9034 3.9034 4.4597 4.5990 4.5990 4.5990 4.5990 4.5990 0.3275 0.2606 3.9034 3.9034 3.9034 3.9034 4.4597 4.5990 4.5990 4.5990 4.9265 4.8596

Operating Millage 7.1487 6.7013 6.6794 6.6449 6.4443 6.2752 6.3146 6.1905 5.9838 5.4054

Broward County Debt Capital Projects Service Millage Millage (2) 0.2132 0.2153 0.2454 0.2234 0.3933 0.2919 0.2926 0.3104 0.2379 0.6893 0.6565 0.6763 0.6347 0.7328 0.6965 0.5815 0.5399 0.4888 0.4228

Total County Millage 7.8380 7.5710 7.5710 7.5250 7.4005 7.3650 7.1880 7.0230 6.7830 6.0661

General Fund Millage 7.4460 7.2390 6.6740 6.5410 6.3590 6.5410 6.1240 6.0140 5.8410 5.6790

School Board Capital Debt Outlay Service Millage Millage 2.0000 2.0000 2.0000 2.0000 2.0000 2.0000 2.0000 2.0000 2.0000 2.0000 0.5285 0.4866 0.4543 0.4143 0.3951 0.3415 0.2936 0.2555 0.2213 0.1897

Total School Millage 9.9745 9.7256 9.1283 8.9553 8.7541 8.8825 8.4176 8.2695 8.0623 7.8687

Special Districts 2.8852 2.8572 2.8241 2.7319 2.9104 2.8007 2.8611 2.7347 2.6086 2.4728

Total Direct & Overlapping Rates 24.6011 24.0572 23.4268 23.1156 23.5247 23.6472 23.0657 22.6262 22.3804 21.2672

Source: Broward County Property Appraiser. (1) Overlapping rates are those of local and county governments that apply to property owners within the City of Pembroke Pines. Not all overlapping rates apply to all City of Pembroke Pines property owners (e.g. the rates for special districts only apply to the proportion of Pembroke Pines' property owners whose property is located within the geographic boundaries of the special district). (2) Broward County Capital Projects Millage for the Fiscal Years 1997 and 1998 is included in Operating Millage.

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City of Pembroke Pines, Florida
Principal Property Taxpayers, Current Year and Nine Years Ago

Taxpayer Pembroke Lakes Mall LTD Pasadena Place Associates PH I, II & III Windsor @ Pembroke Cay Prudential Insurance Co. of America Pembroke Cove LLC Westfork Tower LLC Fairfield Pembroke Limited Taplin Falls Ltd. WRI Flamingo Pines LLC WRI/Pembroke LTD Merry Land Investment Co., Inc. Eagle Homes Pembroke Inc. Mc Vay W Cassidy P Pratt C Trs. Dim- Pines Power Center Ltd. Zell Samuel Trust Pennsylvania Real Estate Investment Humana Hospital Streicker J. M. Tr of Trinet Tr. Totals

2007 Collection Year Percentage of Taxable Total Taxable Assessed Assessed Value Rank Value $ 123,445,230 106,640,950 54,119,620 53,515,020 51,305,660 50,160,910 47,889,970 45,100,760 41,999,110 38,974,040 $ 613,151,270 1 2 3 4 5 6 7 8 9 10 1.20% 1.04% 0.53% 0.52% 0.50% 0.49% 0.46% 0.44% 0.41% 0.38% 5.97%

1998 Collection Year Percentage of Taxable Total Taxable Assessed Assessed Value Rank Value $ 56,289,090 53,549,960 23,030,000 20,626,830 18,005,100 17,606,790 15,921,160 14,602,400 14,453,780 14,222,410 $ 248,307,520 1 2 3 4 5 6 7 8 9 10 1.42% 1.35% 0.58% 0.52% 0.46% 0.45% 0.40% 0.37% 0.37% 0.36% 6.28%

Source: Broward County Property Appraiser's Tax Roll.

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City of Pembroke Pines, Florida
Property Tax Levies and Collections (1) Last Four Fiscal Years (2)

Fiscal Year Ended September 30 2004 2005 2006 2007

Total Tax Levy for Fiscal Year $ 33,348,014 36,845,948 41,283,600 48,716,300

Collected within the Fiscal Year of the Levy Amount Percentage of Levy $32,255,971 35,493,585 39,684,572 46,954,319 96.7% 96.3% 96.1% 96.4%

Collections in Subsequent Years $61,792 10,488 69,210 -

Total Collections to Date Amount Percentage of Levy $ 32,317,763 35,504,073 39,753,782 46,954,319 96.9% 96.4% 96.3% 96.4%

Source: Broward County Property Appraiser (1) For operating purposes only - excludes taxes levied for voted debt service. (2) Prior to FY 2004, information detailing the levy year of delinquent payments received is not available from the Broward County Property Appraiser.

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