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• Liquidity examines a fund’s ability to meet it’s short-term obligations.
• Solvency examines a fund’s ability to meet its long-term expenses and obligations.
• Environmental Performance examines the fund’s ability to meet its intended purpose – cleanup of FRFE UST-related releases.
Indicator Summary
General Trend: Positive
(Note: Upward trend is considered positive)
Trend Over Last 3 Fiscal Years: Positive
Assets < Current Liabilities for Past 3 Fiscal Years (FYs) No
Consider Tier 2 Indicators: No
Assets vs. Liabilities
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
FY2005 FY2006 FY2007 FY2008
Assets : Current Liabilities
Cleanup Progress
0
200
400
600
800
1,000
1,200
1,400
FY2005 FY2007 FY2008
Nu
mb
er o
f C
lean
up
s
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
Yea
rs t
o C
lean
up
# of cleanups closed Cleanup Backlog Years to Cleanup
Indicator Summary
General Trend: Negative
(Note: Downward trend is considered positive)
Years to Cleanup Backlog Increasing for Past 3 FYs Yes
Number of Cleanups Closed Decreasing for Past 3 FYs Yes
Cleanup Backlog Increasing for Past 3 FYs No
Consider Tier 2 Indicators: Yes
Example Data Elements Assets Current Liabilities Revenues Expenditures
Liquidity
Solvency
Total Liabilities Fund Diversions Changes in Revenue Changes in Fund Coverage Changes in Clean-up
Standards
Environmental
Performance
FRFE Expenditures & Liabilities
Unfunded FRFE UST Sites Clean Up Progress
Assess general trends and ratios
Example Metrics Assets to Current
Liabilities Revenues –
Expenditures
Liquidity
Solvency
Total Liabilities
Environmental
Performance
FRFE Expenditures & Liabilities
Unfunded FRFE UST Sites Clean Up Progress
Time Frame: 3-5 Years
• Are the listed data elements / financial metrics relevant indicators for measuring fund financial performance?
• What other data elements / financial metrics serve as relevant indicators of fund financial performance?
• Are charts / data tables useful to fund managers in assessing fund financial condition?
Discussion Questions
Long-Term Liabilities
-$5,000,000
-$4,000,000
-$3,000,000
-$2,000,000
-$1,000,000
$0
$1,000,000
FY2006 FY2007 FY2008
Current Year - Previous Year
Indicator Summary
General Trend: Negative
(Note: Downward trend is considered positive)
Trend Over Last 3 Fiscal Years: Negative
Total Liabilities Increasing for Past 3 FYs Stable
Consider Tier 2 Indicators: Yes
Revenues vs. Expenditures
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
FY2005 FY2006 FY2007 FY2008
Revenue - Expenditure
Indicator Summary
General Trend: Positive
(Note: Upward trend is considered positive)
Trend Over Last 3 Fiscal Years: Negative
Revenues < Expenditures for Past 3 FYs No
Consider Tier 2 Indicators: Monitor
FRFE Expenditures and Liabilities
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
FY2005 FY2006 FY2008
% Spending on FRFE USTs % Liability of FRFE USTs
% Spending / % Liability
Indicator Summary
General Trend: Positive
(Note: Upward or flat trend is considered positive)
Trend Over Last 3 Fiscal Years: Positive
% FRFE Expenditures < % FRFE Liabilities for Past 3 FYs No
Consider Tier 2 Indicators: No
Unfunded FRFE Sites
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
FY2005 FY2006 FY2008
% of Unfunded FRFE Sites
Indicator Summary
General Trend: Negative
(Note: Downward trend is considered positive)
Trend Over Last 3 Fiscal Years: Stable
% of Unfunded FRFE Sites Increasing for Past 3 FYs Yes
Consider Tier 2 Indicators: Monitor
Assessment Summary
Summary of Tier 1 Assessment
Indicator
General
Trend Positiv
e
General Trend
Negative
Consider Tier 2 Indicators
1
2 Monitor
3
4
5
6
Time Period of Data: Fiscal Year - July 1, 2004 to June 30, 2008
What's Covered
Type of TankCorrective Action
3rd Party
Liability
FRFE Tanks
Petroleum UST
Non-FRFE Tanks
Non-Petroleum UST
AST
BASIC PROGRAM INFORMATION
