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05-26-2020-R
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05-26-2020-R
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<br />-8- <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, services 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 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 2017 2018 2019 <br />Population 2,500–10,000 10,000–20,000 20,000–100,000 9,969 9,889 9,988 <br />Property taxes 495$ 472$ 493$ 355$ 362$ 380$ <br />Tax increments 28 27 43 30 36 39 <br />Franchise and other taxes 41 48 50 11 10 10 <br />Special assessments 53 40 57 31 74 83 <br />Licenses and permits 38 35 47 73 53 72 <br />Intergovernmental revenues 303 271 157 213 101 60 <br />Charges for services 130 102 112 59 43 44 <br />Other 97 78 49 46 50 64 <br />Total revenue 1,185$ 1,073$ 1,008$ 818$ 729$ 752$ <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, 2018 <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 $7,509,130 of total revenue in its governmental funds in 2019, an increase of <br />$286,455 (4.0 percent) from the prior year. The City’s per capita governmental fund revenues for 2019 <br />were $752, an increase of $23 (3.2 percent) per capita from the prior year. Intergovernmental revenues <br />decreased $41 per capita, due to one-time reimbursements on joint projects in the prior year. This <br />decrease was more than offset by increases in all remaining categories. An increase in the approved levy <br />contributed to the change in property taxes. The City continued to see an increase in development activity <br />with the increase in licenses and permits. An increase in the “other” category in the table above was due, <br />in part, to improved investment earnings. <br />
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