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<br />. <br /> <br />Key Financial Health Indicators <br />City of Centerville <br /> <br />2003 <br /> <br />2002 <br /> <br />2001 <br /> <br />Current Population <br /> <br />3,430 3,331 <br /> <br />3,245 <br /> <br />Net Tax Capacity <br /> <br />2,446,755 2,071,728 <br /> <br />2,455,864 <br /> <br />Percent of Property Taxes Collected <br /> <br />92.09% . 98.29% <br /> <br />98.07% <br /> <br />City Revenues Per Capita <br />(Governmental Funds) <br /> <br />$1,016 $971 <br /> <br />$752 <br /> <br />City Expenditures Per Capita <br />(Governmental Funds) <br /> <br />$896 $948 <br /> <br />$952 <br /> <br />Ratio of Bonded Debt to Tax Capacity <br /> <br />1.3 1.6 <br /> <br />1.6 <br /> <br />Bond Rating <br /> <br />None None <br /> <br />None <br /> <br />. The State of Minnesota imposed a reduction of market value homestead credit in the amount <br />of $84,551, as a result of legislation passed in 2002. If the City had received the full amount <br />of the credit, the collection rate would have been 97.80% in the year 2003. <br /> <br />The complete financial report, available at the Centerville City Hall, <br />1880 Main Street, Centerville, MN, includes the detail of the published report. <br />