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Cost of Government
Trend Mintaining Performance Strong Long Term Debt Credit Rating
Trend is Down Performance Improving Cost per Resident
Trend is Down Performance Improving Net Debt per Capita
Trend Mintaining Performance Strong Debt Margin as % of SEV
Trend Mintaining Performance Strong County Property Values
Trend Mintaining Performance Strong Fund Balance as a % of
General Expenditures
Trend Mintaining Performance Strong Unfunded OPEB as a % of
General Revenue
Trend is Down Performance Improving Employee per 1000 Residents
Unfunded OPEB as a Percent of Annual General Fund Revenue
2006
Unfunded Actuarial-
Accrued Liability:
$40,650,129
Total GF Revenue: $151,090,893
%: 26.90%
2007
Unfunded Actuarial-
Accrued Liability:
$29,130,689
Total GF Revenue: $160,128,649
%: 18.19%
2008
Unfunded Actuarial-
Accrued Liability:
$34,175,625
Total GF Revenue: $162,186,793
%: 21.07%
2009
Unfunded Actuarial-
Accrued Liability:
$32,704,636
Total GF Revenue: $166,039,976
%: 19.70%
2010
Unfunded Actuarial-
Accrued Liability:
$36,860,975
Total GF Revenue: $157,491,241
%: 23.41%
2011
Unfunded Actuarial-
Accrued Liability:
$33,726,166
Total GF Revenue: $158,677,524
%: 21.25%
2012
Unfunded Actuarial-
Accrued Liability:
$36,369,442
Total GF Revenue: $159,404,549
%: 22.82%
2013
Unfunded Actuarial-
Accrued Liability:
$34,996,277
Total GF Revenue: $160,754,057
%: 21.77%
2014
Unfunded Actuarial-
Accrued Liability:
$34,996,277
Total GF Revenue: $163,159,917
%: 21.65%
2015
Unfunded Actuarial-
Accrued Liability:
$34,996,227
Total GF Revenue: $161,584,917
%: 21.66%

Why It Matters

Other Post Employment Benefits (OPEB) is a term used to describe benefits—other than pension—provided to retirees, especially health care. The lower the OPEB liability, the better. Kent County does not provide health care benefits to retirees. Instead, it provides a monthly stipend of up to $350, depending on years of service, for retirees who choose to remain in the County’s group health insurance plan. Kent County’s OPEB liability is one of the lowest in the State of Michigan.

Note: Additional statistics are available by placing cursor over a data point on the chart.