Agenda - Council - 06/12/2018 - Laserfiche WebLink

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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 a 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 its operation. Also, certain data in these tables may be classified differently than how it appears in the City's financial 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 the City. We intend for this type of comparative and trend information to complement, rather than duplicate, information in the MD&A. 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 2015 2016 2015 2016 2017 Population 20,000-100,000 20,000-100,000 25,598 25,868 26,251 Property taxes $ 443 $ 455 $ 371 $ 386 $ 398 Tax increments 37 42 26 27 27 Franchise and other taxes 39 45 Special assessments 59 59 18 17 37 Licenses and permits 43 42 31 20 28 Intergovernmental revenues 156 152 80 69 84 Charges for services 94 103 70 50 56 Other 58 54 436 43 46 Total revenue $ 929 $ 952 $ 1,032 $ 612 $ 676 A city's stage of development, along with the way a city finances various capital projects, will impact the mix of revenue sources it receives. The City's governmental fund revenues for 2017 were $17,739,270, an increase of $1,873,670 from the prior year. On a per capita basis, the City received $676 in governmental fund revenue for 2017, an increase of $64 from the prior year. The City has generally generated less revenue per capita than the average city. Increased current and prepayment collections on special assessments contributed to the $20 per capita growth in this category over the prior year. Intergovernmental revenues increased $15 per capita from the prior year, primarily from new federal funding for the Mississippi National River and Recreation Area State and Local Assistance Grant. -8-