Agenda - Council Work Session - 06/27/2023

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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 2020 2021 2020 2021 2022 Population 20,000-100,000 20,000-100,000 27,263 27,946 28,520 Current General government $ 118 $ 116 $ 178 $ 141 $ 142 Public safety 320 327 219 230 239 Public works 112 112 76 77 88 Recreation 95 107 54 51 51 All other 104 77 18 77 38 749 739 545 576 558 Capital outlay and construction 331 317 272 573 240 Debt service Principal 91 110 148 69 67 Interest and fiscal 33 34 32 30 22 124 144 180 99 89 Total expenditures $ 1,204 $ 1,200 $ 997 $ 1,248 $ 887 Total expenditures in the City's governmental funds for 2022 were $25,350,729, a decrease of $9,535,582 (27.3 percent) from the prior year. On a per capita basis, the City expended a total of $887 in 2022, a decrease of $361 from the previous year. Natural inflationary increases in current spending were more than offset by a decrease in "all other" for economic development expenditures in the current year. Capital outlay reported the largest change in comparison to the prior year. The Public Works Campus Capital Project Fund reported $11,790,588 in capital outlay in fiscal 2021, compared to $515,687 in fiscal 2022 due to the timing of this project. Debt service was down $10 per capita as anticipated with approved debt financing plans. 10-