Agenda - Council Work Session - 06/12/2012

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This section of the report provides you with an overview of the financial trends and activities of the City's governmental funds. Governmental funds include the General Fund, special revenue, debt service, and capital project funds. We have also included the most recent comparative state -wide averages available from the State Auditor. The reader needs to consider the effect of inflation and other known changes or differences when comparing this data. Also, certain data on these tables may be classified differently than how they appear on the City's financial statements in order to be more comparable to the state -wide information, particularly in separating capital expenditures from current expenditures. We have designed this section of our management report using per capita data in order to better identify unique or unusual trends and activities of your city. We intend for this type of comparative and trend information to complement, rather than duplicate, information in the Management's Discussion and Analysis. An inherent difficulty in presenting per capita information is the accuracy of the population count, which for most years is based on estimates. GOVERNMENTAL FUNDS REVENUE GOVERNMENTAL FUNDS OVERVIEW The amounts received from the typical major sources of revenue will naturally vary between cities based on their particular situation. This would include the City's stage of development, location, size and density of its population, property values, services it provides, and other attributes. The following table presents the City's revenue per capita of its governmental funds for the past three years, together with state -wide averages: State -Wide City of Ramsey Year December 31, 2010 2009 2010 2011 Population 2,000 -2,500 2,500- 10,000 10,000 - 20,000 20,000 - 100,000 24,300 23,668 23,702 Property taxes $ 367 $ 386 $ 359 $ 407 $ 400 $ 361 $ 341 Tax increments 38 45 52 56 145 153 153 Franchise and other taxes 7 26 34 30 Special assessments 73 74 60 66 18 21 23 Licenses and permits 17 19 22 29 15 17 16 Intergovernmental revenues 399 291 271 149 71 86 133 Charges for services 106 89 83 76 39 56 64 Other 101 73 70 57 109 93 74 Total revenue Governmental Funds Revenue per Capita With State -Wide Averages by Population Class $ 1,108 $ 1,003 $ 951 $ 870 $ 797 $ 787 $ 804 Total revenue per capita remained similar to the prior year, increasing by $17. The decrease in property taxes per capital of $20 was primarily due to a decrease in the approved levy. This decrease was offset by increases in intergovernmental revenues of $47 per capita, as well as increases in charges for services of $8 per capita, which were due to additional engineering billable time on public projects. Other local services revenue per capita decreased $19 per capita, which includes fines and forfeits, investment earnings, and other miscellaneous revenue sources.