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05-24-21-R
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05-24-21-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 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 2018 2019 2020 <br />Population 2,500–10,000 10,000–20,000 20,000–100,000 9,889 10,008 10,108 <br />Property taxes 514$ 489$ 512$ 362$ 379$ 406$ <br />Tax increments 30 28 44 36 39 27 <br />Franchise and other taxes 45 50 50 10 10 10 <br />Special assessments 54 38 53 74 83 33 <br />Licenses and permits 40 35 51 53 71 43 <br />Intergovernmental revenues 342 297 201 101 60 122 <br />Charges for services 135 108 115 43 44 21 <br />Other 89 78 79 50 64 91 <br />Total revenue 1,249$ 1,123$ 1,105$ 729$ 750$ 753$ <br />December 31, 2019 <br />City of Arden Hills <br />Governmental Funds Revenue per Capita <br />With State-Wide Averages by Population Class <br />State-Wide <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 $7,607,348 of total revenue in its governmental funds in 2020, an increase of $98,218 <br />(1.3 percent) from the prior year. The City’s per capita governmental fund revenues for 2020 were $753, <br />an increase of $3 (0.4 percent) per capita from the prior year. Intergovernmental revenues increased <br />$62 per capita, with the recognition of federal coronavirus relief funds awarded in the current year . An <br />increase in the approved levy contributed to the change in property taxes. The completion of several <br />larger projects in the City and impact of the pandemic contributed to decreases in certain categories, <br />including licenses and permits and charges for services. Special assessments were down, with no new <br />major projects in the current year, causing a decrease in the number of prepayments, compared to the <br />prior year. <br />
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