Agenda - Council Work Session - 06/10/2014

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GOVERNMENTAL FUND REVENUES 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. State -Wide City of Ramsey Year December 31, 2012 2011 2012 2013 Population 2,500- 10,000 10,000- 20,000 20,000 - 100,000 23,702 23,835 24,306 Property taxes $ 414 $ 382 $ 416 $ 341 $ 371 $ 340 Tax increments 32 44 46 153 113 92 Franchise and other taxes 29 36 30 — — — Special assessments 60 54 62 23 18 15 Licenses and permits 24 24 35 16 22 30 Intergovernmental revenues 278 279 138 133 157 120 Charges for services 104 81 83 64 71 36 Other 66 58 50 74 103 44 Total revenue Governmental Funds Revenue per Capita With State -Wide Averages by Population Class $ 1,007 $ 958 $ 860 $ 804 $ 855 $ 677 Total revenues for the City's governmental funds for 2013, were $16,449,823, a decrease of $3 9 million (19.3 percent) from the prior year. On a per capita basis, the City's governmental funds revenue for 2013 was $677, a decrease of $178 from the prior year. A reduction in debt service levies certified to the county contributed to the decrease in property taxes. Declining property values resulting in less captured tax capacity reduced the amount of tax increment revenue recognized in the current year. Intergovernmental revenue decreased as the City completed a project that was partially funded with federal sources, spanning the 2011 and 2012 fiscal years. The decrease in charges for services per capita was primarily due to a significant amount of park and trail dedication fees received in the prior year. Other local services revenue per capita decreased, which includes fines and forfeits, investment earnings, and other miscellaneous revenue sources. This decrease was partially due to the significant reduction in investment values near year -end which is adjusted against the City's investment earnings. -7-