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<br />-8- <br />GOVERNMENTAL FUNDS REVENUE AND EXPENDITURES <br /> <br />The following table presents the per capita revenue of the City’s governmental funds for the past three years, <br />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 changes <br />in its operation. Also, certain data in these tables may be classified differently than how they appear in the <br />City’s financial statements in order to be more comparable to the state-wide information, particularly in <br />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. An inherent difficulty in presenting per capita <br />information is the accuracy of the population count, which for most years is based on estimates. <br /> <br />State-Wide <br />Year December 31, 2019 2018 2019 2020 <br />Population 2,500–10,000 454 467 467 <br />Property taxes 514$ 1,026$ 952$ 1,193$ <br />Tax increments 30 – – – <br />Franchise and other taxes 45 – – – <br />Special assessments 54 206 264 251 <br />Licenses and permits 40 111 207 67 <br />Intergovernmental revenues 342 33 36 21 <br />Charges for services 135 107 47 4 <br />Other 89 54 57 41 <br />Total revenue 1,249$ 1,537$ 1,563$ 1,577$ <br />City of Gem Lake <br />Governmental Funds Revenue per Capita <br />With State-Wide Averages by Population Class <br /> <br />The City’s governmental fund revenues for 2020 were $736,376, an increase of $6,664 (0.9 percent), or <br />$14 per capita, from the prior year. <br /> <br />The largest change in the table above occurred in property tax revenues and license and permits revenues. <br />Property taxes increased $241 per capita from the prior year, with an increase in the certified levy. Licenses <br />and permits revenue decreased $140 per capita from the prior year, due to less new home permits. <br /> <br />Charges for services declined as a result of less development activity in 2020.