Minneapolis

Overview


Socioeconomic Data
Population 410,939
Employment 224,547
Unemployment Rate 3.3%  (110 of 116)
Zillow Home Value Index $211,600  (46 of 116)
Government-Wide Revenues and Expenses
General Revenues $476,091,000
Capital Grants and Contributions $5,228,000
Charges For Services $412,052,000
Operating Grants and Contributions $132,983,000
Total Revenues $1,026,354,000
Total Expenditures $973,362,000
Change in Net Assets $52,992,000
Actuarially Determined Pension Contributions $63,605,000
Pension Contributions Actually Made $63,605,000
Government-Wide Position
Current Assets $1,069,756,000
Total Assets $3,282,657,000
Current Liabilities $92,480,000
Long Term Debt $899,880,000
Total Net Position $990,426,000
Unrestricted Net Position ($146,805,000)

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
Surplus(deficit) $  58,793,000 $  (117,105,000) $  (58,312,000)
Revenues
Total Revenues $  455,883,000 $  287,575,000 $  743,458,000
Taxes 267,316,000 125,699,000 393,015,000
Intergovernmental revenues 82,625,000 78,328,000 160,953,000
Charges for services 46,873,000 24,736,000 71,609,000
Licenses and permits 44,317,000 1,561,000 45,878,000
Other Revenues 3,398,000 32,069,000 35,467,000
Special assessments 3,202,000 22,578,000 25,780,000
Fines and Fees 6,539,000 314,000 6,853,000
Investment income 1,613,000 2,290,000 3,903,000
FUND BALANCE AT END OF YEAR $  105,991,000 $  363,109,000 $  469,100,000
Expenditures
Total Expenditures $  397,090,000 $  404,680,000 $  801,770,000
Public safety 235,092,000 21,889,000 256,981,000
Development 31,167,000 130,701,000 161,868,000
General government 67,160,000 35,396,000 102,556,000
Principal 0 83,871,000 83,871,000
Capital Outlay 0 76,361,000 76,361,000
Public works 53,019,000 1,065,000 54,084,000
Other Debt Service 0 22,753,000 22,753,000
Health and welfare 8,289,000 12,946,000 21,235,000
Interest 0 16,194,000 16,194,000
Intergovernmental 0 3,022,000 3,022,000
Culture, parks and recreation 2,363,000 0 2,363,000
Issuance Cost 0 482,000 482,000

Metrics


General Fund Balance Ratio 26.69%  (46 of 116)
Debt to Revenue Ratio 87.68%  (98 of 116)
Pension ADC to Revenue Ratio 6.20%  (49 of 116)
Annual Change in Home Prices 7.30%  (48 of 116)
Annual Change in Unemployment Rate (0.5%)  (27 of 116)
Fiscal Health Score 84  (19 of 116)
Implied Credit Rating AAA