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REVENUES <br /> <br />Revenue Overview <br /> <br /> Depending on their unique governmental operation, cities may receive revenues from a <br />variety of sources. Minnesota state law, however, does not empower cities to use a great diversity <br />of local revenue sources. For example, unlike in some other states, local governments in <br />Minnesota may not impose an income tax. As a general rule, if the state does not specifically <br />authorize cities to use a revenue (such as special authority for local sales taxes) the city cannot <br />legally use that source. <br /> <br /> The classification of budget accounts listed below are those that the City of Ramsey utilizes <br />and are in conformance with recommendations from the "Classification of Accounts for Use by <br />Fiscal Officers in Cities," published by the Office of the State Auditor: <br /> <br />* Taxes <br />* Licenses and Permits <br />* Intergovernmental Revenues <br />* Charges for Services <br />* Fines and Forfeitures <br />* Investment Earnings <br />* Miscellaneous <br /> <br />Taxes <br /> <br />- Tax revenues include current real property taxes, delinquent real property taxes, <br />apportionments from tax forfeit sales, and the fiscal disparities distribution [a tax base <br />sharing of commercial/industrial property in the seven county metropolitan area]. <br /> <br />Licenses and Permits - Cities receive revenues from both businesses and occupations which the <br /> city licenses such as sales of food, beer, and cigarettes; liquor establishments, bowling <br /> alleys, waste disposal contractors, and heating and utilities connections. This classification <br /> also includes non-business licenses, such as those regulating dogs, signs, bicycles and <br /> buildings. <br /> <br />Intergovernmental Revenues - Cities in Minnesota receive a variety of shared revenues from the <br /> state. Each of these programs has a separate policy goal and taken in combination the <br /> programs and their impact on city finances can be confusing. Some of the shared revenues <br /> that the City of Ramsey receives are Local Government Aid (LGA), Homestead and <br /> Agricultural Credit Aid (HACA), Police Insurance Premium Tax, Municipal State Aid and <br /> various grants. <br /> <br />Charges for Services - Cities also receive revenues from election filing fees, sales of maps and <br /> ordinances, assessment searches, and court fees, police patrol and fire services; street and <br /> sidewalk repair; parking fees; refuse collection; water and sewer charges; inspection fees; <br /> and recreation facilities charges. <br /> <br />Fines and Forfeitures - Included in this category are expected receipts from violations bureaus, <br /> courts, confiscated deposits, and collections on bonds or sureties held for enforcement or <br /> security purposes. <br /> <br />Investment Earnings - Projected earnings of each fund based on interest pooled in a common fund <br /> and distributed at year end based on average cash balances. <br /> <br />Miscellaneous - Revenues not reported in other categories include income from rent or sale of <br /> property, deposits on contracts, profits from city-operated concessions, contributions from <br /> other funds, donations or borrowings. <br /> <br /> <br />