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Mounds View City Council June 12, 2000
<br />Regular Meeting Page 12
<br />Fund, and as a result, the Special Revenue Fund shows an increase in cash of approximately
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<br />Mr. Wischman stated there was a $175,000 decrease of cash in the Capital Projects Fund. He
<br />advised that there was a transfer of $400,000, however, the expenditures in this particular fund,
<br />for the Community Center, were approximately $800,000 to $850,000. He indicated the
<br />Enterprise Funds remained fairly consistent in 1999, and he would provide further detail in this
<br />regard, at a later point in his presentation.
<br />$77,000, in 1999.
<br />Mr. Wischman advised that there was a $413,000 decrease in the cash and investments of the
<br />Debt Service Fund, which was almost completely attributable to the transfer of approximately
<br />$453,000 in Tax Increment funds utilized to complete the Community Center Project.
<br />Mr. Wischman advised that a large portion of the City's General Fund revenues are generated
<br />through property taxes. He explained that delinquent taxes, which are a cumulative amount for
<br />the prior six years of levies, increased slightly this year, from $37,948, to $42,134. He pointed
<br />out that in consideration of the total dollars the City has levied over the past six years, this
<br />represented a very good collection rate, and there is very little discretion in the timing and cash
<br />that is presently foregone for delinquent taxes. He indicated this was a very good sign that the
<br />property taxes were being collected in a timely manner. He added that this was also the case
<br />with Special Assessments receivables. He explained that there were very few new assessments
<br />in 1999, with an ending balance of $154,000, and most of this was in current deferred tax
<br />• assessments that would be forthcoming in the next five to ten years for various projects. He
<br />stated these trends were also very good.
<br />Mr. Wischman provided the Council with a chart, which depicted the composition of the City's
<br />General Fund revenues. He stated approximately 51 percent of the total General Fund operating
<br />revenues are generated from property and franchise taxes. He indicated State and Local
<br />Government Aids comprise approximately 33 percent of these revenues, Licenses and Permits
<br />represent 6 percent, Charges for Services represent 3 percent, Investment Income is 2 percent, in
<br />addition to various miscellaneous revenues. He advised that these percentages were very
<br />consistent with prior years, and fairly typical of cities within the same geographical area. He
<br />noted that property tax revenues alone were approximately 45.5 percent, therefore,
<br />approximately 6 percent of the General Fund revenue was generated through the franchise and
<br />other taxes.
<br />Mr. Wischman stated the major portion of the General Fund expenditures, approximately 39
<br />percent, is in the area of public safety, and again, is fairly consistent with prior years. He
<br />indicated General Government expenditures were 30 percent, Streets and Highways, 9 percent,
<br />and Culture and Recreation, approximately 10 percent. He advised that Capital Outlay and Debt
<br />Service represented approximately 12.5 percent of the General Fund expenditures. He explained
<br />that the Capital Outlay percentage could change fairly significantly from year to year, if there is a
<br />large investment year in terms of street equipment, Police vehicles, and items of this nature. He
<br />advised that this was the one variable in the General Fund, however, these figures were very
<br />• consistent with prior years.
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