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06-25-18-R
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06-25-18-R
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6/26/2018 10:58:58 AM
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<br />-7- <br />GOVERNMENTAL FUND REVENUES <br /> <br />The following table presents the per capita revenue of the City’s governmental funds for the past <br />three years, along with state-wide averages. <br /> <br />We have included the most recent comparative state-wide averages available from the Office of the State <br />Auditor to provide a benchmark for interpreting the City’s data. The amounts received from the typical <br />major sources of governmental fund revenue will naturally vary between cities based on factors such as a <br />city’s stage of development, location, size and density of its population, property values, servic es it <br />provides, and other attributes. It will also differ from year-to-year, due to the effect of inflation and <br />changes in its operation. Also, certain data in these tables may be classified differently than how they <br />appear in the City’s financial statements in order to be more comparable to the state-wide information, <br />particularly in separating capital expenditures from current expenditures. <br /> <br />We have designed this section of our management report using per capita data in order to better identify <br />unique or unusual trends and activities of the City. We intend for this type of comparative and trend <br />information to complement, rather than duplicate, information in the MD&A. An inherent difficulty in <br />presenting per capita information is the accuracy of the population count, which for most years is based <br />on estimates. <br /> <br />Year 2015 2016 2017 <br />Population 2,500–10,000 10,000–20,000 20,000–100,000 9,847 9,966 10,066 <br />Property taxes 460$ 432$ 455$ 325$ 327$ 352$ <br />Tax increments 26 26 42 71 24 29 <br />Franchise and other taxes 35 43 45 7 13 11 <br />Special assessments 59 44 59 92 37 31 <br />Licenses and permits 35 33 42 53 60 72 <br />Intergovernmental revenues 313 275 152 142 40 211 <br />Charges for services 110 92 103 50 58 59 <br />Other 91 57 54 71 40 45 <br />Total revenue 1,129$ 1,002$ 952$ 811$ 599$ 810$ <br />City of Arden Hills <br />Governmental Funds Revenue per Capita <br />With State-Wide Averages by Population Class <br />State-Wide <br />December 31, 2016 <br /> <br /> <br />The City’s governmental funds have generated significantly less revenue per capita in total than other <br />Minnesota cities in its population class. A city’s stage of development, along with the way a city finances <br />various capital projects, will impact the mix of revenue sources it receives. <br /> <br />The City generated $8,155,546 of total revenue in its governmental funds in 2017, an increase of <br />$2,175,696 (36.4 percent) from the prior year. The City’s per capita governmental fund revenues for 2017 <br />were $810, an increase of $211 (35.2 percent) per capita from the prior year. Intergovernmental revenues <br />increased $171 per capita, due to a one-time reimbursement from the county for its share of a joint street <br />project, as previously discussed. Property tax revenues increased $25 per capita, due to the increased <br />general property tax levy.
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