Agenda - Council - 06/10/2025 - 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 four years, along with available 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 they appear 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 State -Wide City of Ramsey Year 2021 2022 2021 2022 2023 2024 Population 20,000-100,000 20,000-100,000 27,946 28,520 28,712 28,850 Property taxes $ 557 $ 584 $ 468 $ 549 $ 623 $ 695 Tax increments 49 46 63 70 65 114 Franchise fees 53 58 74 Special assessments 56 50 27 4 20 4 Licenses and permits 53 55 33 30 37 56 Intergovernmental revenues 202 223 58 218 192 120 Charges for services 110 137 73 65 45 52 Other 26 (21) 34 44 145 221 Total revenue $ 1,106 $ 1,132 $ 830 $ 980 $1,127 $1,262 The City's governmental fund revenues for 2024 were $36,395,023, an increase of $4,020,654 (12.4 percent) from the prior year. On a per capita basis, the City received $1,262 in governmental fund revenue for 2024, an increase of $135 from the prior year. A city's stage of development, along with the way a city finances various capital projects, will affect the mix of revenue sources it receives. Property taxes were up $72 per capita as anticipated with the approved levy adopted in the current year. Tax increments were up with increased values within tax increment financing districts. Intergovernmental revenues were down with less pandemic -related grants and state road funds recognized in the current year. Other revenues were up $76 per capita, largely due to increased contributions from development activities and additional local charges recognized in the current year. -7-