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-8- GOVERNMENTAL FUND REVENUES The following table presents the per capita revenue of the City’s governmental funds for the past three years, along with 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 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. Year 2017 2018 2019 Population 2,500–10,000 10,000–20,000 20,000–100,000 9,969 9,889 9,988 Property taxes 495$ 472$ 493$ 355$ 362$ 380$ Tax increments 28 27 43 30 36 39 Franchise and other taxes 41 48 50 11 10 10 Special assessments 53 40 57 31 74 83 Licenses and permits 38 35 47 73 53 72 Intergovernmental revenues 303 271 157 213 101 60 Charges for services 130 102 112 59 43 44 Other 97 78 49 46 50 64 Total revenue 1,185$ 1,073$ 1,008$ 818$ 729$ 752$ City of Arden Hills Governmental Funds Revenue per Capita With State-Wide Averages by Population Class State-Wide December 31, 2018 The City’s governmental funds have generated significantly less revenue per capita in total than other Minnesota cities in its population class. A city’s stage of development, along with the way a city finances various capital projects, will impact the mix of revenue sources it receives. The City generated $7,509,130 of total revenue in its governmental funds in 2019, an increase of $286,455 (4.0 percent) from the prior year. The City’s per capita governmental fund revenues for 2019 were $752, an increase of $23 (3.2 percent) per capita from the prior year. Intergovernmental revenues decreased $41 per capita, due to one-time reimbursements on joint projects in the prior year. This decrease was more than offset by increases in all remaining categories. An increase in the approved levy contributed to the change in property taxes. The City continued to see an increase in development activity with the increase in licenses and permits. An increase in the “other” category in the table above was due, in part, to improved investment earnings.