Agenda - Council Work Session - 06/25/2013

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GOVERNMENTAL FUNDS REVENUE The following table presents the per capita revenue of the City's governmental funds for the past three years, along with state -wide averages. We have included the most recent comparative state -wide averages available from the Office of the State Auditor to provide a benchmark for interpreting the City's data. The amounts received from the typical major sources of governmental fund revenue will naturally vary between cities based on factors such as the City's stage of development, location, size and density of its population, property values, services it provides, and other attributes. It will also differ from year -to -year due to the effect of inflation and changes in the City's operation. Also, certain data on these tables may be classified differently than how they appear on the City's fmancial 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 per Capita With State - Wide Averages by Population Class State - Wide City of Ramsey Year December 31, 2011 2010 2011 2012 Population 2,500- 10,000 10,000 - 20,000 20,000 - 100,000 23,668 23,702 23,835 Property taxes $ 390 $ 363 $ 406 $ 361 $ 341 $ 371 Tax increments 40 48 51 153 153 113 Franchise and other taxes 27 36 30 — — — Special assessments 70 56 56 21 23 18 Licenses and permits 23 21 31 17 16 22 Intergovernmental revenues 283 263 152 86 133 157 Charges for services 95 79 78 56 64 71 Other 65 75 65 93 74 103 Total revenue $ 993 $ 941 $ 869 $ 787 $ 804 $ 855 Total revenues for the City's governmental funds for 2012, were $20,387,885, an increase of $1.4 million (7.1 percent) from the prior year. On a per capita basis, the City's governmental funds revenue for 2012 was $855, an increase of $51 from the prior year. The increase in property taxes per capita of $30 was primarily due to an increase in the approved levy. Intergovernmental revenue increased $24 per capita due to receiving reimbursement from Anoka County Highway Department for the county's portion of the Sunwood Drive construction project. Other local services revenue per capita increased $29 per capita, which includes fines and forfeits, investment earnings, and other miscellaneous revenue sources. The increase was offset by decreases in tax increment revenues of $40 per capita, due to the decertification of a tax increment financing district at the end of the prior year.