State of MN Financing Local Government in the 1980's

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lissw STATE OF MINNESOTA - GENERAL FUND EXHIBIT C Page 2 of 2 EXCERPTS OF "FUND BALANCE ANALYSIS" DOCUMENTS - % OF TOTAL BASIS (Based Upon Percent Of Total Financial Resources Applied) F.Y. F.Y. F.Y. F.Y. F.Y. F.Y. F.Y. 1979 1980 1981 1982 1983 1984 1985 Actual Actual Actual Actual Actual Approp. Approp. FINANICAL RESOURCES APPLIED TO /FOR LOCAL GOVERNMENT: EDUCATION AIDS: Foundation Aid 19.29 18.14 11.92 17.54 11.15 11.85 11.40 Transportation Aid 2.49 2.48 2.58 2.86 2.04 1.75 1.68 Special and Compensatory Aid 2.41 2.48 2.25 2.55 2.18 2.60 2.65 Vocational Education Aid 3.09 3.05 2.67 3.17 3.12 2.72 2.62 ." Other Local Education Aids .47 .60 .57 .70 .67 .78 .88 Budget Reduction and Funding Shifts -0- -0- 6.04 -0- -0- -0- -0- Total Education Aids 27.75 26.75 26.03 26.82 19.16 19.70 19.23 EDUCATION RETIREMENT: Teachers Retirement Association 1.88 1.96 2.01 1.79 1.46 1.78 1.84 Teachers /Cities 1st Class .43 .46 .44 .42 .38 .38 .38 Teachers Social Security 1.33 1.38 1.21 1.55 1.85 1.66 1.72 Total Education Retirement 3.64 3.80 3.66 3.76 3.69 3.82 3.94 LOCAL GOVERNMENT AID (Counties, ... Cities and Townships Only) 6.30 6.46 6.00 4.75 6.32 5.61 5.46 PROPERTY TAX AIDS: Homestead Credits 7.34 6.91 9.42 10.21 9.45 10.53 10.17 Agricultural Credits (Local School Districts Only) 1.08 1.04 1.01 1.83 1.71 1.98 1.95 Other Property Tax Aids -0- -0- -0- .31 .37 .38 .05 Total Property Tax Aids 8.42 7.95 10.43 12.35 11.53 12.89 12.17 .- SPECIAL RETIREMENT AIDS: Minneapolis Pensions -0- .03 .12 .09 .14 .14 .14 Local Police /Fire Amortization -0- -0- .04 .15 .18 .14 .13 OTHER LOCAL GOVERNMENT: Mining Appt. (Direct Pay) 1.51 1.60 1.52 1.57 1.70 1.35 1.03 Police and Fire Aid .49 .50 .53 .50 .61 .46 .48 Other Local Aid .53 .65 .44 .29 .41 .34 .35 Total Financial Resources Applied To /For Local Government 48.64 47.74 48.77 50.28 43.74 44.45 42.93 Source: State of Minnesota As excerpted and formatted by VRT F. CO. Note: F.Y. 1981 and 1982 Local Government - Education Aids have been adjusted for aids rescinded in F.Y. 1981 and then restored in F.Y. 1982 - $232,499,300.