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GOVERNMENTAL FUNDS EXPENDITURES The expenditures of governmental funds will also vary from state-wide averages and from year-to-year, based on the City's circumstances. Expenditures are classified into three types as follows: • Current — These are typically the general operating type expenditures occurring on an annual basis, and are primarily funded by general sources, such as taxes and intergovernmental revenues. Capital Outlay and Construction — These expenditures do not occur on a consistent basis, more typically fluctuating significantly from year-to-year. Many of these expenditures are project -oriented, and are often funded by specific sources that have benefited from the expenditure, such as special assessment improvement projects. • Debt Service — Although the expenditures for debt service may be relatively consistent over the term of the respective debt, the funding source is the important factor. Some debt may be repaid through specific sources, such as special assessments or redevelopment funding, while other debt may be repaid with general property taxes. The City's expenditures per capita of its governmental funds for the past three years, together with the comparative state-wide averages, are presented in the following table: Governmental Funds Expenditures per Capita With State -Wide Averages by Population Class State -Wide City of Mounds View Year December 31, 2021 2021 2022 2023 Population 2,500-10,000 10,000-20,000 20,000-100,000 13,187 13,100 13,100 Current General government $ 168 $ 131 $ 116 $ 100 $ 104 $ 125 Public safety 327 296 327 298 326 317 Streets and highways 144 124 112 61 58 61 Culture and recreation 108 124 107 101 127 153 All other 101 79 77 187 196 268 Total current 848 754 739 747 811 924 Capital outlay and construction 525 407 317 94 206 224 Debt service Principal 168 161 110 31 30 28 Interest and fiscal 48 41 34 12 12 11 Total debt service 216 202 144 43 42 39 Total expenditures $ 1,589 $ 1,363 $ 1,200 $ 884 $ 1,059 $ 1,187 Total expenditures in the City's governmental funds for 2023 were $15,546,414, an increase of $1,661,490 from the prior year. On a per capita basis, the City expended a total of $1,187 in 2023, an increase of $128 from the previous year. Larger street projects increased capital outlay and construction spending in the current year and prior year. The increase in current spending was due in part to culture and recreation, with more program participation in recent years at the community center. The increase in the "All other" category for economic development in TIF District No. 5 contributed to the changes in current spending in the table above. IRE