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APPENDIX IV
<br /> CITY PROPERTY VALUES SELECTED ANNUAL FINANCIAL STATEMENTS
<br /> 2000 Indicated Market Value of Taxable Property: $487,932,889* Excerpts from the City's annual financial statements from the years ended December 31, 2000,
<br /> 1999 and 1998 are presented on the following pages. The City's financial statements are
<br /> Calculated by dividing the Hennepin and Ramsey county 2000 estimated market values of audited annually by an independent certified public accounting firm. Governmental
<br />funds and
<br /> $303,752,000 and $113,895,700, respectively by the 2000 sales ratios of 86.9% and 82.3%, expendable trust funds are accounted for using the modified accrual basis of accounting.
<br /> respectively, for the City as determined by the State Department of Revenue. Proprietary funds are accounted for using the accrual basis of accounting. The readers should
<br /> be aware that the complete financial statements may contain additional data relating to the
<br /> 2000 Net Tax Capacity: $6,912,648
<br /> information presented here, which may interpret, explain or modify it
<br /> Hennepin Ramsey
<br /> Coun Counly Total
<br /> Real Estate $4,524,856 $2,279,149 $6,804,005
<br /> Personal Property 72,592 36,051 108,643
<br /> Total $4,597,448 $2,315,200 $6,912,648
<br /> 2000 Taxable Net Tax Capacity: $6,711,060
<br /> 2000 Net Tax Capacity $6,912,648
<br /> Less: Captured Tax Increment Tax Capacity (822,302)
<br /> Contribution to Fiscal Disparities (443,156)
<br /> Plus: Distribution from Fiscal Disparities 1,063,870
<br /> 2000 Taxable Net Tax Capacity $6,711,060
<br /> 2000 Taxable Net Tax Capacity by Property Class
<br /> Real Estate:
<br /> Residential Homestead $3,912,534 58.3%
<br /> Non-Homestead Residential 1,058,204 15.8
<br /> Commercial/Industrial, Railroad and
<br /> Public Utility' 1,631,679 24.3
<br /> Personal Property 108.643 1.6
<br /> Total $6,711,060 100.0%
<br /> Reflects adjustments for fiscal disparities and captured tax increment tax capacity.
<br /> -8 - IV-1
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