With Comparative Totals for the Year Ended December 31, 2023
Percent
Total Total Increase
2024 2023 (Decrease)
REVENUES
Property taxes $ 1,124,499 $ 1,074,078 $ 4.69%
Tax increment revenues 11,584 23,914 -51.56%
Lodging taxes 5,471 5,855 -6.56%
Special assessments 151,960 138,060 10.07%
Licenses and permits 24,040 20,554 16.96%
Fines and forfeits 3,308 2,788 18.65%
Intergovernmental 1,322,398 1,115,287 18.57%
Franchise fees 12,142 15,381 -21.06%
Charges for services 456,986 436,119 4.78%
Interest income 151,979 120,898 25.71%
Miscellaneous 399,867 312,327 28.03%
TOTAL REVENUES $ 3,664,234 $ 3,265,261 $ 12.22%
Per capita 1,962 1,756 11.74%
EXPENDITURES
Current
General government $ 174,686 $ 159,422 $ 9.57%
Economic development 455,897 231,717 96.75%
Public safety 944,803 773,947 22.08%
Public works 144,623 130,199 11.08%
Parks and recreation 149,452 123,859 20.66%
Airport 47,461 60,419 -21.45%
Library 174,430 161,284 8.15%
Capital outlay 1,423,767 1,323,111 7.61%
Debt service 1,538,515 726,781 111.69%
TOTAL EXPENDITURES $ 5,053,634 $ 3,690,739 $ 36.93%
Per capita 2,705 1,984 36.34%
Total long-term indebtedness $ 5,975,085 $ 7,338,177 $ -18.58%
Per capita 3,199 3,945 -18.92%
General Fund Balance – December 31 $ 728,553 $ 907,455 $ -19.71%
Per capita 390 488 -20.06%
The purpose of this report is to provide a summary of financial information concerning the City of Rushford to interested citizens. The complete financial statements may be examined on the City’s website at www.rushford.govoffice.com or at the City Clerk’s Office, 101 N. Mill St. Rushford, MN 55971.
Publish 29
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