Merritt Enhances Pension Data Provided in CreditScope

Merritt Research Services recently added the following fields to CreditScope for Pension Data and will be providing data on these fields respectively: Total Percent Contributed of ARC for all pension plans in the City, County, School District, Special District and State sectors. Total Participants in each Pension Plan with the following breakout: Employee Participants, Retiree & Beneficiary Participants and Terminated Employee Participants, along with the ratio "% Retiree Participants". The Participants will be provided for single employer pension plans in the City, County, School...

CONTINUE READING

Category: CreditScope, Merritt Data

Revised and Improved Taxpayers Data

Merritt Research Services recently enhanced the "Taxpayers" data available in CreditScope. We now have the ability to provide data for more than one year for the Top Ten Taxpayers. The user has the option to view the Top Ten Taxpayers by clicking on Taxpayers to see data for all years of Top Ten Taxpayers or clicking on the hyperlink "Most Recent Taxpayer Summary" which will only show data for the most recent year. The Top Ten Taxpayers data will be stored under "Taxpayer" in the Credit Detail Screen. With this revision, Merritt will begin to provide historical data for Taxpayers in the...

CONTINUE READING

Category: CreditScope, Merritt Data

Merritt Adds Community College Sector to CreditScope

Merritt Research Services recently added the Community College sector to CreditScope. This enhancement includes financial data for over 200 standard credits in the Community College sector. These credits had been included in the Public Higher Ed sector prior to this change. If you are not seeing this information in CreditScope, please check the date of your most recent software system update by clicking on the [Help] button on the top menu bar of your screen. Then, click on [About CreditScope]. In the resulting pop-up box, check the line that reads: "Invest.exe date." In order to see this...

CONTINUE READING

Category: CreditScope, Merritt Data

Merritt Enhances Demographic Data Provided in CreditScope

Merritt Research Services has added more demographic data to CreditScope from the U.S. Census Bureau. The demographic data added under the Census Bureau includes Births & Deaths, Migration, and Birthplace Data. The Births & Deaths section includes the number of births and deaths for a specific year, along with the natural increase which is derived from subtracting deaths from births. Migration Data includes the total net migration in or out of the specific geography and is further broken down into international and domestic migration for a specific geography. Birthplace Data...

CONTINUE READING

Category: CreditScope, Demographics, Merritt Data

Accounting for Infrastructure

Infrastructure assets are long-lasting capital assets that add value to land and tend to be part of a larger system. Some common types of infrastructure assets are bridges, dams, tunnels, streets, sidewalks, water mains, and lighting systems. Infrastructure assets are accounted for under capital assets as either non-depreciable, depreciable or both. The approach for reporting infrastructure assets can vary from one government to another, as allowed by accounting standards. Infrastructure assets can be reported using the following approaches: Traditional Depreciation Approach -...

CONTINUE READING

Category: Accounting, CreditScope

Merritt Updates Generating Units Detail for Retail Electric and Wholesale Electric Sectors

Merritt Research Services has recently acquired updated information related to the Generating Units detail included in the Power Info on the Credit Detail Screen for Retail Electric and Wholesale Electric credits. This data is sourced from the U.S. Energy Information Administration, a statistical agency housed under the U.S. Department of Energy. The following fields are available for Generating Units: GU ID, GU Name, Unit Code, Type, Source, Op Status, MW Nameplate, I.S. Year, MW Util-Owned, and %Util-Owned. A more detailed description for each of these fields is available by right- clicking...

CONTINUE READING

Category: CreditScope, Merritt Data

Merritt Expands Database to Include Additional Credits

We are happy to share the results of our continued efforts to improve the depth and breadth of our tax-backed offering. Effective this last month, we officially dropped the population threshold for inclusion to the standard data set to an even 40,000 for each of the three relevant sectors (City, County and School District). The effect of that movement yields an overall credit count increase of 36% for the year. Please look for this expanded dataset in your data update. To verify that your system has been appropriately updated, you may check under the [Help] button on the main menu and...

CONTINUE READING

Category: CreditScope, Merritt Data

In Which Sector Would I Find a Combined Utility Credit?

Merritt currently classifies utility credits into the following sectors: Retail Electric, Water/Sewer, Wholesale Electric, Gas, and Solid Waste. Retail Electric, Water/Sewer, and Wholesale Electric are considered to be a part of the Merritt Standard Sector offering. Records for utility credits are created in CreditScope based upon the pledged revenues on outstanding debt - a straightforward process when only one source of revenue is pledged. As its name implies, a combined utility provides more than one type of utility service. When a combined utility credit is backed by more than one...

CONTINUE READING

Category: CreditScope, Merritt Data

Is Your CreditScope Data Up to Date?

The Merritt data included in CreditScope is updated at the end of every business week. Most people are winding down their work weeks by Friday afternoon, but not at Merritt Research Services. "Our week is winding up on Friday afternoon," according to Troy Gerleman, Chief Operating Officer of Merritt Research Services. Merritt sends the updated data to Investortools for processing over the weekend. The updated data is then delivered electronically to clients typically during business hours on Monday. Most company's IT departments will then integrate the data update into the system so that...

CONTINUE READING

Category: CreditScope, Merritt Data

Memos Provide Greater Insight into Financials

Merritt Research Services populates values in the Financial Data screen, which are then used to generate formulas and ratios designed to paint an accurate picture of a Credit's current financial condition. These calculations reflect liquidity, fiscal condition, working capital, leverage, coverage, and profitability. These formulas, ratios, and values that comprise them play an important role in credit analysis, but leave room for misinterpretation when considered out of context. The Notes contained within Audited Financial Statements often provide an abundance of information that may not be...

CONTINUE READING

Category: CreditScope, Merritt Data

Pages