Agenda - Council - 01/22/1985 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I I Intergovernment revenues % of total revenues is slightly lower, however, dependence on Intergoverr~ental revenues {primarily state aids) is increasing 77% faster than average. ~he special asses~nent t of total revenues (15% higher than average) demonstrates the City's policy of assessin9 improvements so that citizens do r~t p~y for improvenents through the property tax. Many other factors have a positive effect on Ramsey: Oounty unemployment rate .$% below the state average. Fiscal disparities oontinues to benefit the City, increasing 370.63% over the 4 year period from 6% of property taxes in 1980 to 18% in 1983. ~he staff level is 40% lower than other communities in the 10,000 to 20,000 population group. Fund balances remain at 44.8% of current expenditues as compared to the average of 28.5%. ~his means that Ramsey can, without revenues, support the expenditures made in the first 5.4 months of the year. ~e first property tax & special assessment settlement, homestead credit allocation, and local government aid payments are received in July of each year. ~ese revenues oontribute the largest % of the total revenues. ~he state average for oon~nunit/es of the same p~pulation group can supportj on the average, only the first 3 months expenditures. Ramsey is one of 24 governmental units and public retirement systems in the entire State of Minrmsota that hold a certificate of oonformance in financial report/n§. ~_mry of Ir~ieators: Following is a list of the statist/cs provided in the Financial ~tealth Profile (1980 to 1983) oomparing Ramsey to Statewide averages for the 10,000 to 20,000 population group. When reviewing the list oonsider the followirg two factors: Reflects the change from 1980 to 1983. Reflects the current rate (1983). % Change % Change 1. Population 5.62% ^ 1.71% ^ 2. Property values Market Value 63.15% ^ 59.36% ^ Assessed Value 50.98% ^ 43.81% ^ Sales Ratio 83.60% * Page 2 of 4