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-9- 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 OSA 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 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 2020 2021 2022 Population 2,500–10,000 10,000–20,000 20,000–100,000 9,939 9,897 9,996 Property taxes 560$ 529$ 557$ 412$ 433$ 441$ Tax increments 38 36 49 27 40 34 Franchise and other taxes 52 66 53 10 10 9 Special assessments 59 41 56 33 67 43 Licenses and permits 45 46 53 43 76 83 Intergovernmental revenues 421 293 202 124 51 54 Charges for services 135 111 110 22 46 48 Other (charges)60 39 26 93 62 (5) Total revenue 1,370$ 1,161$ 1,106$ 764$ 785$ 707$ December 31, 2021 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 $7,069,425 of total revenue in its governmental funds in 2022, a decrease of $706,281 (9.1 percent) from the prior year. The City’s per capita governmental fund revenues for 2022 were $707, a decrease of $78 (9.9 percent) per capita from the prior year. An increase in the approved levy contributed to the change in property taxes. An increase in building projects contributed to the increase in licenses and permits. Special assessments were down in the current year with smaller projects and less prepayments received in the current year. Other (charges) were less than the prior year, largely due to a decline in market rates and values of the City’s investment portfolio.