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-8- <br />GOVERNMENTAL FUNDS REVENUE AND EXPENDITURES <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 />We have included the most recent comparative state-wide averages available from the OSA to provide a <br />benchmark for interpreting the City’s data. The amounts received from the typical major sources of <br />governmental fund revenue will naturally vary between cities based on factors, such as a city’s stage of <br />development, location, size and density of its population, property values, services it provides, and other <br />attributes. It will also differ from year-to-year, due to the effect of inflation and changes in its operation. <br />Also, certain data in these tables may be classified differently than how they appear in the City’s financial <br />statements in order to be more comparable to the state-wide information, particularly in separating capital <br />expenditures from current expenditures. <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 />Year 2020 2021 2020 2021 2022 <br />Population 2,000–2,500 2,000–2,500 528 534 534 <br />Property taxes 546$ 581$ 1,055$ 1,002$ 1,025$ <br />Tax increments 29 26 – – – <br />Franchise and other taxes 26 30 – 16 36 <br />Special assessments 50 58 222 201 187 <br />Licenses and permits 24 36 60 51 66 <br />Intergovernmental revenues 541 456 19 91 35 <br />Charges for services 143 172 3 4 7 <br />Other 117 84 36 13 (7) <br />Total revenue 1,476$ 1,443$ 1,395$ 1,378$ 1,349$ <br />City of Gem Lake <br />Governmental Funds Revenue per Capita <br />With State-Wide Averages by Population Class <br />State-Wide <br />The City’s governmental fund revenues for 2022 were $720,552, a decrease of $15,928 (2.2 percent), or <br />$29 per capita, from the prior year. <br />The largest changes in the table above occurred in intergovernmental revenues and property taxes. <br />Intergovernmental revenues decreased $56 per capita from the prior year, due to the City not qualifying for <br />the small cities assistance aid in the current year. Property taxes increased $23 per capita from the prior <br />year, due to an increase in franchise fees.