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Department of Finance January 18, 1985 ]~NAN£~AL REAL,m PROF~ 1~80 to 198t C~neral Concepts ~he Financial Health Profile gives Mayors, Councilmembers, Staff and the Public a method to measure its ability to adapt its expenditures to resources on a oontinuing basis. ~he profile also provides the information necessary to compare more than one goverrmmntal unit. Please note that all indicators should be examined together along with the unique characteristics of the governmental unit. Ramsev indicators compared to Statewide; ~he growth period Ramsey has experienced, though slowed considerably, is illustrated by the following measurements, (stated as compared to the cim~unities in the 10,000 to 20,000 population group): Population and Market Values increased 4% more than average. Assessed Values increased 7% more than average. Building Permits increased 35% more than average. Retail Sales Activity increased 19% more than the average. Total Revenues increased 15% more than the average. Despite the higher growth rate, Ramsey continues to operate with a considerably lower cost per capita than other communities in the 10,000 to 20,000 population group. Current expenditures per capita r~main 46% below the average, and total expenditures per capita are 49% below average. Current revenue per capita is 58% lower than the average. Total debt per capita is 61% lower than the average. Major revenue sources continue to give mixed messages about Ramsey as compared to othe= cimmunities in the 10,000 to 20,000 population group. Property tax % of total revenues is 1.4% less than average. own source revenues (licenses, permits, fees, interest, fines etc.) % of total revenues is 6.6% less than average.