Agenda - Council - 06/14/2022 - Laserfiche WebLink

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GOVERNMENTAL FUND EXPENDITURES The expenditures of governmental funds will also vary from state-wide averages and from year-to-year, based on the City's circumstances. Expenditures are classified into three types as follows: • Current — These are typically the general operating type expenditures occurring on an annual basis, and are primarily funded by general sources, such as taxes and intergovernmental revenues. • Capital Outlay and Construction—These expenditures do not occur on a consistent basis,more typically fluctuating significantly from year-to-year. Many of these expenditures are project-oriented, and are often funded by specific sources that have benefited from the expenditure, such as special assessment improvement projects. • Debt Service— Although the expenditures for debt service may be relatively consistent over the term of the respective debt, the funding source is the important factor. Some debt may be repaid through specific sources, such as special assessments or redevelopment funding, while other debt may be repaid with general property taxes. The City's expenditures per capita of its governmental funds for the past three years, together with state-wide averages, are presented in the following table: Governmental Funds Expenditures per Capita With State-Wide Averages State-Wide City of Ramsey Year 2019 2020 2019 2020 2021 Population 2000-100,000 201000-1001000 271051 27,263 27,946 Current General government $ 107 $ 118 $ 161 $ 178 $ 141 Public safety 306 320 198 219 230 Public works 119 112 93 76 77 Recreation 106 95 47 54 51 All other 97 104 — 18 77 735 749 499 545 576 Capital outlay and construction 355 331 56 272 573 Debt service Principal 88 91 84 148 69 Interest and fiscal 28 33 32 32 30 116 124 116 180 99 Total expenditures $ 1,206 $ 1,204 $ 671 $ 997 $ 1,248 Total expenditures in the City's governmental funds for 2021 were $34,886,311, an increase of $7,716,982 from the prior year. On a per capita basis, the City expended a total of $1,248 in 2021. Current expenditures increased $31 per capita over the prior year, with more public safety and economic development spending in the current year. With more projects in the current year, including the public works campus project, capital spending was $301 more per capita than the prior year. Debt service spending decreased by $81 per capita as planned, with debt financing agreements and the prepayment of bonds in the prior year. -8-