Agenda - Council Work Session - 06/12/2012

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GOVERNMENTAL FUNDS EXPENDITURES Similar to our discussion of revenues, the expenditures of governmental funds will vary from state -wide averages and from year -to -year, based on the City's circumstances. Expenditures are classified into three types as follows: • Current — These are typically the general operating type expenditures occurring on an annual basis, and are primarily funded by general sources such as taxes and intergovernmental revenues. • Capital Outlay and Construction — These expenditures do not occur on a consistent basis, more typically fluctuating significantly from year -to -year. Many of these expenditures are project - oriented, and are often funded by specific sources that have benefited from the expenditure, such as special assessment improvement projects. • Debt Service — Although the expenditures for the debt service may be relatively consistent over the term of the respective debt, the funding source is the important factor. Some debt may be repaid through specific sources such as special assessments or redevelopment funding, while other debt may be repaid with general property taxes. The City's expenditures per capita of its governmental funds for the past three years, together with state -wide averages, are presented in the following table: Year Population Governmental Funds Expenditures per Capita With State -Wide Averages by Population Class State -Wide City of Ramsey December 31, 2010 2009 2010 2011 2,000 -2,500 2,500- 10,000 10,000 - 20,000 20,000 - 100,000 24,300 23,668 23,702 Current General government $ 161 $ 125 $ 102 $ 85 $ 162 $ 181 $ 205 Public safety 247 227 223 235 162 160 164 Street maintenance and lighting 129 108 107 86 94 116 209 Parks and recreation 91 75 93 87 35 35 36 All other 90 81 81 91 — — — 8 718 8 616 $ 606 $ 584 $ 453 $ 492 $ 614 Capital outlay and construction $ 333 $ 299 $ 321 $ 232 $ 182 $ 268 $ 278 Debt service Principal $ 234 $ 180 $ 181 $ 111 $ 141 $ 94 $ 76 Interest and fiscal 82 63 53 43 55 56 52 $ 316 $ 243 $ 234 $ 154 $ 196 $ 150 $ 128 Total expenditures in the City's governmental funds for 2011 were $24,156,413, an increase of $2,613,402 (12.1 percent) from the prior year. On a per capita basis, the City expended a total of $1,020 in 2011. Current expenditures increased $122 per capita from last year. General government and street maintenance and lighting expenditures increased from last year due to street and other improvements completed jointly with other governments. Capital outlay expenditures for 2011 were $10 more per capita than the prior year due to higher city street construction expenditures. Debt service expenditures for 2011 were $22 per capita lower than the prior year as scheduled, with final payment on two bond issues in the prior year. -9-