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-7- 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 the management’s discussion and analysis. An inherent difficulty in presenting per capita information is the accuracy of the population count, which for most years is based on estimates. Year 2019 2020 2021 Population 2,500–10,000 10,000–20,000 20,000–100,000 10,008 9,939 10,038 Property taxes 540$ 517$ 537$ 379$ 412$ 427$ Tax increments 34 33 44 39 27 40 Franchise and other taxes 49 60 46 10 10 10 Special assessments 54 39 54 83 33 66 Licenses and permits 36 39 46 71 43 75 Intergovernmental revenues 474 367 273 60 124 50 Charges for services 113 89 91 44 22 46 Other 83 69 69 64 93 61 Total revenue 1,383$ 1,213$ 1,160$ 750$ 764$ 775$ December 31, 2020 City of Arden Hills Governmental Funds Revenue per Capita With State-Wide Averages by Population Class State-Wide 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 $7,775,706 of total revenue in its governmental funds in 2021, an increase of $168,358 (2.2 percent) from the prior year. The City’s per capita governmental fund revenues for 2021 were $775, an increase of $11 (1.4 percent) per capita from the prior year. Most sources reported increases over the prior year, as presented in the table above. An increase in the approved levy contributed to the change in property taxes. An increase in developer building projects and more special assessments with the City’s 2021 pavement management project also contributed to the growth over the prior year. Intergovernmental revenues decreased $74 per capita, with recognition of federal coronavirus relief funds in the prior year. Other sources were less than the prior year, largely due to a decline in market rates and values of the City’s investment portfolio.