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COMPREHENSIVE ANNUAL FINANCIAL REPORT

Ramsey County, Minnesota

YEAR ENDED DECEMBER 31, 2019

FINANCIAL HIGHLIGHTS

Percent

(Dollars in thousands except per capita amounts) 2019 2018 Change

Government-wide Financial Statements:

Assets and Deferred Outflows of Resources 1,625,439$ 1,585,505$ 2.5%

Liabilities and Deferred Inflows of Resources 808,851 856,070 -5.5%

Net Position 816,588$ 729,435$ 11.9%

Government-wide Financial Statements:

Revenues 968,371$ 750,291$ 29.1%

Expenses 892,386 644,375 38.5%

Increase in Net Position 75,985$ 105,916$ -28.3%

Investment/Cash Ratio 95.2% 97.2% -2.0%

Average Investment Book Yield 1.99% 2.24% -11.2%

General Obligation and Revenue Bond Debt 175,477$ 182,657$ -3.9%

Net General Obligation and Revenue Bond Debt Per Capita 339.53$ 362.80$ -6.4%

Bond Ratings Moody's Investor Service Aaa Aaa

Standard and Poor's AAA AAA

Property Taxes * Levy (General County) 304,817 291,897 4.4%

Net Tax Capacity Rates 48.57 49.47 -1.8%

Net Tax Capacity (Adjusted) 625,979 586,968 6.6%

Market Values 51,609,139 47,989,623 7.5%

Number of Budgeted Employees (FTE) 4,052.76 4,054.91 -0.1%

* Property Tax calculations are based on payable year not levy year.

1

Comprehensive Annual Financial Report

of the

County of Ramsey, Minnesota

Fiscal Year Ended December 31, 2019

BOARD OF COUNTY COMMISSIONERS

District 1, Nicole Joy Frethem

District 2, Mary Jo McGuire

District 3, Trista MatasCastillo

District 4, Toni Carter

District 5, Rafael Ortega

District 6, Jim McDonough, Chair

District 7, Victoria Reinhardt

County Manager, Ryan O'Connor

Chief Financial Officer, Lee Mehrkens

Prepared by: Finance Division of the County Manager’s Department

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Page No.

List of Principal Officials 6

Transmittal Letter 7

Organizational Chart 13

Certificate of Achievement for Excellence in Financial Reporting 14

Independent Auditor’s Report 15

Management’s Discussion and Analysis 18

BASIC FINANCIAL STATEMENTS

Government-Wide Financial Statements:

Statement of Net Position Exhibit 1 28

Statement of Activities Exhibit 2 30

Fund Financial Statements:

Governmental Fund Financial Statements:

Balance Sheet – Governmental Funds Exhibit 3 31

Statement of Revenues, Expenditures, and Changes in Fund

Balances – Governmental Funds Exhibit 4 32

Reconciliation of the Statement of Revenues, Expenditures, and

Changes in Fund Balances of Governmental Funds to

the Statement of Activities

Exhibit 5 33

Proprietary Fund Financial Statements:

Exhibit 6 34

Exhibit 7 35

Statement of Net Position – Proprietary Funds

Statement of Revenues, Expenses, and Changes in Fund Net

Position – Proprietary Funds

Statement of Cash Flows – Proprietary Funds

Exhibit 8 36

Fiduciary Fund Financial Statements:

Statement of Fiduciary Net Position – Fiduciary Funds Exhibit 9 38

Statement of Changes in Fiduciary Net Position – Fiduciary Funds Exhibit 10 39

Notes to the Financial Statements 40

SECTION I – INTRODUCTORY SECTION

TABLE OF CONTENTS

SECTION II – FINANCIAL SECTION

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REQUIRED SUPPLEMENTARY INFORMATION:

Schedule of Revenues, Expenditures, and Changes in Fund

Balance – Budget and Actual General Fund Schedule 1

85

Schedule of Revenues, Expenditures, and Changes in Fund

Balance – Budget and Actual Transit and Transportation

Improvement Special Revenue Fund Schedule 2

87

Schedule of Changes in Net OPEB Liability and Related Ratios Schedule 3

88

Schedule of Investment Returns for OPEB Plan Schedule 4

89

PERA General Employees Retirement Plan Schedules

Proportionate Share of Net Pension Liability Schedule 5

90

Contributions Schedule 6

90

PERA Public Employees Police and Fire Retirement Plan Schedules

Proportionate Share of Net Pension Liability Schedule 7

91

Contributions Schedule 8

91

PERA Public Employees Correctional Plan Schedules

Proportionate Share of Net Pension Liability Schedule 9

92

Contributions Schedule 10

92

Notes to the Required Supplementary Information

93

Budgetary Information

Defined Benefit Pension Plans

Other Postemployment Benefits Funding Status

SUPPLEMENTARY INFORMATION:

MAJOR FUND BUDGET AND ACTUAL SCHEDULE:

Schedule of Revenues, Expenditures, and Changes in Fund

Balance – Budget and Actual Debt Service Fund Schedule 11

99

COMBINING STATEMENTS:

Nonmajor Governmental Funds

Combining Balance Sheet – Nonmajor Governmental Funds Statement 1

102

Combining Statement of Revenues, Expenditures, and Changes

in Fund Balances – Nonmajor Governmental Funds Statement 2

106

Schedule of Revenues, Expenditures, and Changes in Fund

Balance – Budget and Actual:

County Library Special Revenue Fund Schedule 12

110

Solid Waste/Recycling Service Fee Special Revenue Fund Schedule 13

111

Emergency Communications Special Revenue Fund Schedule 14

112

4R Program Special Revenue Fund Schedule 15

113

Forfeited Property Management Special Revenue Fund Schedule 16

114

Regional Railroad Authority Special Revenue Fund Schedule 17

115

Internal Service Funds

Combining Statement of Net Position – Internal Service Funds Statement 3

117

TABLE OF CONTENTS (Continued)

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SUPPLEMENTARY INFORMATION: (Continued)

Internal Service Funds (continued)

Combining Statement of Revenues, Expenses, and Changes

in Fund Net Position – Internal Service Funds Statement 4 118

Combining Statement of Cash Flows – Internal Service Funds Statement 5 119

Fiduciary Funds

Combining Statement of Fiduciary Net Position – Private

Purpose Trust Funds Statement 6 121

Combining Statement of Changes in Fiduciary Net Position –

Private Purpose Trust Funds Statement 7 122

SUPPLEMENTARY SCHEDULES:

Schedule of Intergovernmental Revenues Schedule 18 123

Schedule of Expenditures of Federal Awards Schedule 19 125

Notes to Schedule of Expenditures of Federal Awards 129

Financial Trends

Net Position by Component Table I 132

Changes in Net Position Table II 133

Fund Balances of Governmental Funds Table III 135

Changes in Fund Balances of Governmental Funds Table IV 136

Revenue Capacity

Net Tax Capacity and Market Value of Property Table V 137

Property Tax Rates and Tax Levies Table VI 138

Property Tax Levies and Collections Table VII 139

Debt Capacity

Ratios of General Outstanding Debt by Type Table VIII 140

Ratios of General Bonded Debt Outstanding Table IX 141

Direct and Overlapping Governmental Activities Debt Table X 142

Legal Debt Margin Information Table XI 143

Demographic and Economic Information

Principal Property Taxpayers Table XII 144

Demographic and Economic Statistics Table XIII 145

Principal Employers Table XIV 146

Operating Information

Insurance in Force Table XV 147

Full-Time-Equivalent County Employees by Function/Program Table XVI 149

Operating Indicators by Function Table XVII 150

Capital Assets Statistics by Function Table XVIII 151

SECTION III – STATISTICAL SECTION

TABLE OF CONTENTS (Continued)

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SECTION I INTRODUCTORY

SECTION

Commissioners Name Term Expires

1st District Nicole Joy Frethem January 4, 2021

2nd District Mary Jo McGuire January 4, 2021

3rd District Trista MatasCastillo January 2, 2023

4th District Toni Carter January 2, 2023

5th District Rafael Ortega January 2, 2023

6th District Jim McDonough, Chair January 2, 2023

7th District Victoria Reinhardt January 4, 2021

Officers

County Attorney John Choi January 2, 2023

County Sheriff Bob Fletcher January 2, 2023

County Manager Ryan O'Connor Indefinite

Chief Financial Officer Lee Mehrkens Indefinite

County Assessor

Luis Rosario December 31, 2020

County Engineer

Ted Schoenecker May 30, 2022

Deputy County Managers:

Economic Growth and Community Investment Johanna Berg Indefinite

Health and Wellness Paul Allwood Indefinite

Information and Public Records

Karen Francois Indefinite

Safety and Justice

Scott Williams Indefinite

Human Resources Director

Gail Blackstone Indefinite

Medical Examiner Dr. Michael McGee December 31, 2020

RAMSEY COUNTY

LIST OF PRINCIPAL OFFICIALS

As of December 31, 2019

Elected Officials

Appointed Officials

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June 12, 2020

Honorable Chair and Commissioners

Ramsey County Board of Commissioners

Room 220 Court House

St. Paul, Minnesota 55102

Commissioners:

The comprehensive annual financial report of Ramsey County is submitted for the fiscal year ended December 31, 2019. This

report was prepared by the Finance Department. Responsibility for both the accuracy of the presented data and

completeness and fairness of the presentation, including all disclosures, rests with County management. This report

conforms to Generally Accepted Accounting Principles (GAAP) as set forth in the pronouncements of the Governmental

Accounting Standards Board (GASB).

We believe the data is accurate in all material aspects and sets forth the financial position and results of operations of the

County, as measured by the financial activity of its various funds, and all disclosures necessary to enable maximum

understanding of the County’s financial affairs.

Copies of this report will be sent to elected officials, County management, credit rating agencies, financial institutions, and

governmental agencies, which have expressed an interest in Ramsey County’s financial affairs and will be made available on

the Ramsey County website.

The County is required to undergo an annual single audit in conformity with the provisions of the U.S. Office of Management

& Budget Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and

Audit Requirements for Federal Awards (Uniform Guidance). The schedule of expenditures of federal awards (SEFA) is

included in this report on Schedule 19. The findings, recommendations, and auditor’s report on the internal control structure

and compliance with applicable laws and regulations will be included in the Auditor’s Management and Compliance letter to

the County and is not part of this report.

GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial

statements in the form of a Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to

complement the MD&A and should be read in conjunction with it. The County’s MD&A can be found immediately following

the report of the independent auditors.

INTERNAL CONTROL

To provide a reasonable basis for making these representations, Ramsey County has established a comprehensive internal

control framework that is designed to protect the government’s assets from loss, theft, or misuse, and to compile reliable

information for the preparation of Ramsey County’s financial statements in conformity with GAAP. Because the cost of

internal controls should not outweigh their benefits, Ramsey County’s comprehensive framework of internal controls has

been designed to provide a reasonable, rather than absolute, assurance that the financial statements will be free from

material misstatement. All internal control evaluations occur within this framework.

GENERAL INFORMATION

Ramsey County has an area of 170.2 square miles (107,520 acres) and is the State’s second most populous county. Ramsey

County was organized on October 27, 1849 and is governed by the general laws of the State of Minnesota. On November 6,

1992, the County became the first Home Rule Charter County in the State, which provides additional powers to the County.

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The City of Saint Paul comprises slightly less than half of the County’s total taxable value and is the Minnesota State Capital

and the County Seat.

GOVERNMENTAL ORGANIZATION AND SERVICES

A seven-member Board of Commissioners determines County policy and decides how money should be spent for the well-

being of the people it represents. All members serve overlapping four-year terms of office. Each member also serves on

numerous other boards and committees.

The Board appoints the County Manager who is the chief administrative officer of the County. The County Manager is

responsible for the administration of Board policy and for the management of the various County departments.

The County provides a full range of services contemplated by statute. This includes public safety, recreation, public works,

health services, cultural, human services, vital statistics, and tax assessment and collection. The County also operates three

enterprise funds, including a nursing home, a home for developmentally disabled residents, and a law enforcement

contracting service division.

REPORTING ENTITY

The financial reporting entity includes all funds of the County including component units. Component units are legally

separate entities for which the primary government is financially accountable. The criteria used in determining the reporting

entity are consistent with the GASB Statement 61.

Blended component units are legally separate entities which, in substance, are part of the primary government’s operation

and, therefore, part of the primary government. Accordingly, the Ramsey County Regional Railroad Authority and the Ramsey

County Housing & Redevelopment Authority are reported as special revenue funds.

MAJOR COUNTY INITIATIVES

Guided by Ramsey County’s four goals (Well-Being, Prosperity, Opportunity, and Accountability), the 2019 Strategic Plan

identified 8 priorities for the County’s work. The following overview of Ramsey County’s progress in each of these priorities

highlights major initiatives and achievements in 2019, moving us closer to our vision for a vibrant community where all are

valued and thrive.

1. Residents First: Effective, Efficient, and Accessible Operations

In 2019, Ramsey County launched its Residents First program to drive improvements in service delivery and facilities. The

program focuses on engaging residents and employees and leveraging technology to achieve greater process efficiency and

more accessible facilities. Ramsey County is committed to being a resident-centered organization that delivers effective and

efficient services that meet and exceed the expectations of the community and are accessible, welcoming, and efficient from

the perspective of the resident.

In 2019, the County achieved:

• A comprehensive vision for the redesign of operations and facilities to better meet current and future resident and

customer needs and expectations. This vision brings together organizational culture, employee experience,

organizational alignment, service delivery, processes, technology, physical and virtual spaces, and innovation.

• The integration of Ramsey County’s Accessible Service Delivery and Facilities recommendations with a Strategic

Facilities assessment and Information and Public Record’s Modernization and Customer Experience program.

• A redesign of the 160 East Kellogg lobby to enhance access to early childhood materials for families.

2. Advancing Racial and Health Equity in All Decision-making

Racial equity is achieved when race can no longer be used to predict life and health outcomes. The County has an important

role and responsibility to advance racial and health equity with an emphasis on fair, inclusive and transparent processes and

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policies. This effort has meant including residents in more participatory decision-making processes, to strengthen the

programs and services that affect them.

In 2019, the County achieved the following major efforts:

• The County Manager’s Racial Equity Leadership Team (RELT) was re-launched early this year with new members and

including staff at all levels. A core team was created.

• A Racial Equity Policy Statement was co-created with diverse staff and community.

• Created the Immigration Legal Defense fund in collaboration with the City of St. Paul and the VERA Institute for

Justice, dedicating $250,000 for legal defense and wrap-around services for immigrants and their families. Contracts

for immigration wrap-around services were awarded to ten community partners.

• Launched a St. Paul Indians in Action (SIA) cohort with community leaders to help build relationships for collaborative

policy making.

• Approved $100,000 in funding for targeted 2020 Census outreach by organizations and individuals working with

African American, immigrant, refugee, and other historically under-counted communities.

• Implemented a new policy for naming County facilities and sites that requires that any proposed name’s impact on

racial equity be considered in accordance with the County’s Advancing Racial Equity Policy.

• Hosted community engagement sessions to develop a definition for African American cultural-specific services and

to “listen and build” future work with the African American community.

• Incorporated racial equity language into the Request for Board Action (RBA) form and the 2020 federal/state

legislative session forms. Now every request (contracts, agreements, etc.) that goes before the board must address

the racial equity impact of the action.

3. Inclusive, Effective and Meaningful Community Engagement

Initially identified as a strategic priority in 2014, authentic and inclusive community engagement ensures all residents and

communities have a voice in planning and implementation of County programs and services. Ramsey County is implementing

a broad range of strategies to gather meaningful information and feedback on County programs. Successful community

engagement goes beyond outreach and empowers diverse community voices to achieve beneficial outcomes across the

County.

In 2019, Ramsey County has:

• Implemented a Community Engagement Master Contract, which now includes 15 trusted partners and organizations

who can help the County engage authentically and inclusively with key communities.

• Drafted a Community Engagement Policy to guide the County’s approach to community engagement in the future.

• Trained 55 County staff in facilitation methods and community engagement practices.

• Incorporated new sections into the Request for Board Action (RBA) form that include racial equity, community

questions, and community engagement language. Every request (contracts, agreements, etc.) that goes before the

board now has to address these areas of impact and explain how the community was engaged in considering the

action.

4. Integrated Approach to Health, Wellness and Justice

Most individuals involved with the justice system have emotional and chronic health needs that impact community safety

and wellness as well as their own livelihoods. Ramsey County is working in partnership with the community to restructure

the justice and health systems to improve outcomes for all and increase community and public safety.

In 2019, this initiative accomplished the following:

• Funded by a three-year federal grant, the Ramsey County Social Services Department and the St. Paul Police

Department established a co-responder program, connecting mental health resources and representatives with

police to respond to emergency calls.

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• Ramsey County has expanded mental health staffing at Adult Detention Center (ADC) and transitioned from contract

to County staff, enhancing dedicated resources within facilities and improving cooperation between the Public

Health and the Sheriff’s Office.

5. Advancing a Holistic Approach to Strengthen Youth and Families

Ramsey County infants, children, and youth (ages 0-24) who have healthy minds and bodies have greater success in their

formative years and as adults. Early and ongoing investment in families yields better educational outcomes; greater

generational economic prosperity, asset and wealth-building; and stronger communities for all. Ramsey County will

strengthen families by prioritizing culturally specific early intervention and preventive approaches that promote well-being

for infants, children, youth and their families.

In 2019, the County achieved the following major efforts:

• Continued partnership with the Pritzker Children's Initiative Network, a national effort to promote high-quality early

learning and development for children from birth to age three to improve kindergarten readiness. Ramsey County

continues to connect families and their children (birth to age three) to home visiting services and early childhood

resources.

• Closed Boys Totem Town, a residential program for adolescent boys age 14-18, on August 1, 2019, continuing a

steady decline in the number of youth in correctional placements over the past four years. In 2019, placement

numbers continued to go down, hovering between 30-40 youth in placement.

• Continued to transition away from a traditional model of compliance and surveillance, to a collaborative model of

working with youth and families in partnership to develop case plan to reduce youth risk of criminal behavior and

build on strengths and resources of each family.

6. Comprehensive Economic Development to Build Prosperity

Ramsey County envisions an inclusive economy where all residents and businesses prosper and have access to opportunity.

Economic development is best achieved through a strong, collaborative approach. Full participation by all will create wealth,

expand the talent pool and increase well-being. The County is creating new and expanded opportunities to grow and sustain

small and diverse businesses, especially minority-owned, women-owned, and veteran-owned small businesses and non-profit

organizations, through its purchases of goods and services. The County will leverage its position within the regional economy

to help navigate resources for all looking to locate and grow in Ramsey County. Continued engagement with cities, partner

agencies, community organizations, businesses and residents will be essential in developing and implementing this work.

In 2019, the County advanced this important work in several ways:

• The Community and Economic Development team (CED) launched the Open to Business program, which provides

direct technical assistance and services to support small business owners and entrepreneurs who intend to establish,

purchase or improve a business within the County. Support services include business plan development, feasibility

analysis, cash flow and financing projections, city/state licensing and regulatory assistance, and loan packaging in

obtaining financing.

• CED also launched the Corridor Revitalization Program, which provides grant funds to revive important corridors

throughout Ramsey County. The program is available to government entities and non-profit organizations in the

County for use on County-owned transportation facilities.

• Ramsey County created a Construction and Workforce Inclusion workgroup to gather spending data on construction,

design-build, and capital improvement, as well as a Purchasing and Contraction Action Team in each service team to

increase utilization of small business enterprises (SBE).

7. Stability Starts with a Place to Call Home

Safe shelter is a basic need. Without stable housing, children, adults and families face significant challenges to their well-

being. Region-wide, lack of affordable housing and increasing rents are making it difficult for more residents to secure

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housing, especially those with low incomes or who face other barriers such as prior involvement in the criminal justice system.

Ramsey County is working to improve access to safe, stable housing and reduce homelessness.

In 2019, Ramsey County has:

• Begun creating a Housing Stability Office, which provides the needed structural and budgetary support to focus

attention on providing affordable housing and reducing homelessness.

• Increased support for individuals who are leaving shelters, to enhance their stability and reduce the likelihood that

they will return to homelessness.

8. Talent Attraction, Retention and Promotion

Ramsey County strives to attract, retain, and promote a diverse and talented workforce to meet the evolving demographics

and changing workforce needs of our community. Launched as a priority in 2014, this work continues to reshape the County

as a welcoming place where all employees can contribute, feel valued, and thrive.

In 2019, Ramsey County has made progress in the following areas:

• Identifying the core values that drive our work: People, Integrity, Community, Equity, and Leadership.

• Assessing classification and compensation plans, for a comprehensive evaluation of how the County attracts, retains,

and promotes it employees.

LONG-TERM FINANCIAL PLANNING

The Ramsey County Board of Commissioners recognizes the maintenance of a fund balance is essential to the preservation

of the financial integrity of Ramsey County and is fiscally advantageous for both the county and the taxpayer. The Fund

Balance Policy establishes goals and provides guidance concerning the desired level of fund balance maintained by the county

to mitigate financial risk that can occur from unforeseen revenue fluctuations, unanticipated expenditures, and similar

circumstances. The county board has created the following fund balance policy:

• Maintain an unrestricted General Fund Balance of no more than 50% of current year revenues, current year

expenditures, or the subsequent year's operating budget.

• Maintain an unassigned General Fund Balance of no less than two months of the subsequent year's budget.

• Commit and transfer any unrestricted General Fund Balance in excess of the 50% threshold to the Capital Projects

Fund.

• Require the commitment and transfer of the Capital Projects Fund to take place during the development of the

current year Comprehensive Annual Financial Report.

COUNTY DEBT POLICY

Ramsey County may issue debt to finance capital assets that, because of their long-term nature or because of budgetary

constraints, cannot be acquired from current or budgeted resources. Debt is not issued to finance operational needs. Debt

issuance must be completed in the most cost efficient, professional manner, in accordance with the highest standards of

finance, law and prudent government practices.

Ramsey County’s debt program is monitored for compliance with applicable state statutes and is measured against industry

standard benchmarks of affordability. The County also strives to receive the highest possible credit ratings on its debt

obligations, which have been rated in the highest credit category by two credit rating agencies since 2001.

The County participates in a cross-jurisdictional effort to coordinate and monitor the impact of debt on taxpayers in the City

of St. Paul. Elected officials and executive staff representing Ramsey County, the City of St. Paul, Independent School District

625, and the St. Paul Port Authority meet regularly as the Joint Property Tax Advisory Committee (JPTAC). The JPTAC initiates

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





 

 

           









 

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 



              



 

          

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

  



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 



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Table of Contents

Service Teams

Community

Corrections

Healthcare Services

Financial Assistance

Services

Health and

Wellness

Safety and Justice

Information and

Public Records

Economic Growth and

Community Investment

Health and Wellness

Administration

Public Health

Medical Examiner

County Attorney*

Communications &

Public Relations

County Sheriff*

Information Services

County Assessor

Community &

Economic Development

Parks & Recreation

Property Management

Workforce Solutions

Library

County Court Joint Committee

Library

Board

Legend

Appointed by District Court

*Elected ofcials

Social Services

Veteran Services

Project Management Ofce

Information and Public

Records Administration

Policy relationship

Public Works

Property Tax, Records

& Elections Services

Emergency Management

& Homeland Security

Emergency

Communications

Residents

Board of Commissioners

Charter

Commission

County

Manager

Ofce of the Chief Clerk

County Manager Administration

Countywide

Strategic Team

Finance

Human Resources

Policy & Planning

Charter

2019 Organizational Chart

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Certificate of

Presented to

Ramsey County

For its Comprehensive Annual

December 31, 2018

Executive Director/CEO

Financial Re

p

ort

for the Fiscal Year Ended

Reporting

in Financial

for Excellence

Achievement

Text38:

Minnesota

Government Finance Officers Association

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SECTION II FINANCIAL

SECTION

Table of Contents

An Equal Opportunity Employer

JU

LIE BLAHA

STATE AUDITOR

STATE OF MINNESOTA

OFFICE OF THE STATE AUDITOR

SUITE 500

525 PARK STREET

SAINT PAUL, MN 55103-2139

(651) 296-2551 (

Voice)

(651) 296-4755 (Fax)

state.auditor@state.mn.us (E-mail)

1-800-627-3529 (Relay Service)

INDEPENDENT AUDITOR’S REPORT

Board of County Commissioners

Ramsey County

Saint Paul, Minnesota

Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities, the

business-type activities, each major fund, and the aggregate remaining fund information of

Ramsey County, Minnesota, as of and for the year ended December 31, 2019, and the related notes

to the financial statements, which collectively comprise the County’s basic financial statements,

as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements

in accordance with accounting principles generally accepted in the United States of America; this

includes the design, implementation, and maintenance of internal control relevant to the

preparation and fair presentation of financial statements that are free from material misstatement,

whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We

conducted our audit in accordance with auditing standards generally accepted in the United States

of America and the standards applicable to financial audits contained in Government Auditing

Standards, issued by the Comptroller General of the United States. Those standards require that

we plan and perform the audit to obtain reasonable assurance about whether the financial

statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and

disclosures in the financial statements. The procedures selected depend on the auditor’s judgment,

including the assessment of the risks of material misstatement of the financial statements, whether

due to fraud or error. In making those risk assessments, the auditor considers internal control

relevant to the County’s preparation and fair presentation of the financial statements in order to

design audit procedures that are appropriate in the circumstances, but not for the purpose of

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Table of Contents

expressing an opinion on the effectiveness of the County’s internal control. Accordingly, we

express no such opinion. An audit also includes evaluating the appropriateness of accounting

policies used and the reasonableness of significant accounting estimates made by management, as

well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis

for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects,

the respective financial position of the governmental activities, the business-type activities, each

major fund, and the aggregate remaining fund information of Ramsey County as of December 31,

2019, and the respective changes in financial position and, where applicable, cash flows thereof

for the year then ended in accordance with accounting principles generally accepted in the United

States of America.

Emphasis of Matter – Change in Accounting Principle

As discussed in Note I.E. to the financial statements, in 2019 the County adopted new accounting

guidance by implementing the provisions of Governmental Accounting Standards Board (GASB)

Statement No. 84, Fiduciary Activities, which represents a change in accounting principles. Our

opinion is not modified with respect to this matter.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the

Management’s Discussion and Analysis and Required Supplementary Information as listed in the

table of contents be presented to supplement the basic financial statements. Such information,

although not part of the basic financial statements, is required by the GASB, who considers it to

be an essential part of financial reporting for placing the basic financial statements in an

appropriate operational, economic, or historical context. We have applied certain limited

procedures to the required supplementary information in accordance with auditing standards

generally accepted in the United States of America, which consisted of inquiries of management

about the methods of preparing the information and comparing the information for consistency

with management’s responses to our inquiries, the basic financial statements, and other knowledge

we obtained during our audit of the basic financial statements. We do not express an opinion or

provide any assurance on the information because the limited procedures do not provide us with

sufficient evidence to express an opinion or provide any assurance.

Supplementary and Other Information

Our audit was conducted for the purpose of forming opinions on the financial statements that

collectively comprise Ramsey County’s basic financial statements. The Introductory Section, the

Supplementary Information, and the Statistical Section as listed in the table of contents are

presented for purposes of additional analysis and are not a required part of the basic financial

statements.

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Table of Contents

The Supplementary Information as listed in the table of contents is the responsibility of

management and was derived from and relates directly to the underlying accounting and other

records used to prepare the basic financial statements. Such information has been subjected to the

auditing procedures applied in the audit of the basic financial statements and certain additional

procedures, including comparing and reconciling such information directly to the underlying

accounting and other records used to prepare the basic financial statements or to the basic financial

statements themselves, and other additional procedures in accordance with auditing standards

generally accepted in the United States of America. In our opinion, the Supplementary

Information is fairly stated, in all material respects, in relation to the basic financial statements as

a whole.

The Introductory and Statistical Sections have not been subjected to the auditing procedures

applied in the audit of the basic financial statements and, accordingly, we do not express an opinion

or provide any assurance on them.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated June 12,

2020, on our consideration of Ramsey County’s internal control over financial reporting and on

our tests of its compliance with certain provisions of laws, regulations, contracts, and grant

agreements and other matters. The purpose of that report is solely to describe the scope of our

testing of internal control over financial reporting and compliance and the results of that testing,

and not to provide an opinion on the effectiveness of Ramsey County’s internal control over

financial reporting or on compliance. That report is an integral part of an audit performed in

accordance with Government Auditing Standards in considering Ramsey County’s internal control

over financial reporting and compliance.

JULIE BLAHA GREG HIERLINGER, CPA

STATE AUDITOR DEPUTY STATE AUDITOR

June 12, 2020

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MANAGEMENT’S DISCUSSION AND ANALYSIS

Ramsey County offers readers of the County’s financial statements this narrative overview and analysis of the

financial activities of the County for the fiscal year ended December 31, 2019. Readers are encouraged to consider

the information presented here in conjunction with additional information furnished in the letter of transmittal,

which can be found on pages 7 - 12 of this report.

Financial Highlights

• The total net position of Ramsey increased from a net position at the end of 2018 in the amount of

$729,434,727 to a net position of $816,587,855 at the end of 2019. The County also recognized an increase

in revenue from property tax, wheelage tax, transit and transportation sales and use tax, and investment

income.

• During 2019, Ramsey County implemented GASB 84 which requires the reclassification of previously

reported agency funds to custodial funds and County funds. This implementation required a restatement

of net position due to a change in accounting principle by $11,168,305, which shifted previously reported

agency funds to the County’s general fund.

• The County, also, recognized a change in reporting entity for multi-modal planning and Vadnais Sports

Center to enable the County to report these revenues and expenditures on a consistent basis. This change

did not affect the total net position.

• The County’s total General Obligation debt decreased by $7,180,000 (3.9%) during the current fiscal year,

because the issuance of new debt was lower than the retirements.

Overview of the Financial Statements

This discussion and analysis are intended to serve as an introduction to Ramsey County’s basic financial statements.

The financial statements are comprised of three components: 1) government-wide financial statements; 2) fund

financial statements; and 3) notes to the financial statements. This report also contains supplementary information

in addition to the basic financial statements themselves.

Government-wide Financial Statements - The government-wide financial statements are designed to provide a

broad overview of the County’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all of Ramsey County’s assets and deferred outflows of

resources and liabilities and deferred inflows of resources, with the difference reported as net position. Over time,

increases or decreases in net position may serve as a useful indicator of whether the financial position of the County

is improving or deteriorating.

The statement of activities presents information showing how the County’s net position changed during the most

recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change

occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement

for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but

unused vacation leave).

Both government-wide financial statements distinguish functions of the County that are principally supported by

taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover

all or a significant portion of their costs through user fees and charges (business-type activities). The governmental

activities of the County include general government, public safety, transportation, sanitation, public health, human

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services, culture and recreation, conservation of natural resources, and economic development and assistance. The

business-type activities of the County include a nursing home, a home for developmentally disabled residents, and

a law enforcement contracting service division.

The government-wide financial statements include not only the County itself (known as the primary government),

but also a legally separate Regional Railroad Authority and a legally separate Housing and Redevelopment Authority

for which Ramsey County is financially accountable. Although legally separate, the County Board of Commissioners

serves as the governing board of these organizations. Therefore, they function as departments of the County, and

have been included as an integral part of the primary government.

The government-wide financial statements can be found on pages 28 - 30 of this report.

Fund Financial Statements - A fund is a grouping of related accounts that is used to maintain control over resources

that have been segregated for specific activities or objectives. The County, like other state and local governments,

uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All the funds

of the County can be divided into three categories: 1) governmental funds, 2) proprietary funds, and 3) fiduciary

funds.

1) Governmental funds are used to account for essentially the same functions reported as governmental activities

in the government-wide financial statements. However, unlike the government-wide financial statements,

governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as

well as on balances of spendable resources available at the end of the fiscal year. Inflows are associated with

revenues which will be recognized in future periods and outflows are associated with expenditures/expenses

which will be recognized in future periods. Such information may be useful in evaluating a government’s short-

term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements,

it is useful to compare the information presented for governmental funds with similar information presented

for governmental activities in the government-wide financial statements. By doing so, readers may better

understand the long-term impact of the government’s near-term financing decisions. For example, pension and

related activities are reflected in the government-wide statements, but these activities will not affect the

government in the short term. Both the governmental fund balance sheet and the governmental fund statement

of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison

between governmental funds and governmental activities.

The County maintains four governmental fund types: General, Special Revenue, Debt Service, and Capital

Projects. Information is presented separately in the governmental fund balance sheet and in the governmental

fund statement of revenues, expenditures, and changes in fund balances for the General Fund, Transit and

Transportation Improvement Special Revenue Fund, Debt Service Fund, and Capital Projects Fund, which are

major funds. Data from the other governmental funds are combined into a single, aggregated presentation.

Individual fund data for each of these nonmajor governmental funds is provided in the form of combining

statements elsewhere in this report.

The basic governmental fund financial statements can be found on pages 31 - 33 of this report.

2) The County maintains two different types of proprietary funds: 1) Enterprise funds are used to report the same

functions presented as business-type activities in the government-wide financial statements. The County uses

enterprise funds to account for its Lake Owasso Residence, Ramsey County Care Center, and Law Enforcement

Services operations. 2) Internal service funds are an accounting device used to accumulate and allocate costs

internally among the County’s various functions. The County uses internal service funds to account for its

Information Services, General County Buildings, Firearms Range, Fleet Services, Retiree Insurance, and

Employee Health Insurance. Because these services predominantly benefit governmental rather than business-

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type functions, they have been included within governmental activities in the government-wide financial

statements.

Proprietary funds provide the same type of information as the government-wide financial statements, only in

more detail. The proprietary fund financial statements provide separate information for the Lake Owasso

Residence and Ramsey County Care Center, which are considered major funds, and Law Enforcement Services,

which is considered a nonmajor fund. Conversely, internal service funds are combined into a single, aggregated

presentation in the proprietary fund financial statements. Individual fund data for the internal service funds is

provided in the form of combining statements elsewhere in this report.

The basic proprietary fund financial statements can be found on pages 34 - 37 of this report.

3) Fiduciary funds are used to account for resources held for the benefit of parties outside the government. For

example, the Care Center holds resident’s funds and pays for the resident’s personal expenses. Fiduciary funds

are not reflected in the government-wide financial statement because the resources of those funds are not

available to support the County’s own programs. The accounting used for fiduciary funds is much like that used

for proprietary funds. Data from the private purpose trust funds and custodial funds are combined into a single

aggregated presentation. Individual fund data for these funds are provided in the form of combining statements

elsewhere in this report.

The basic fiduciary fund financial statements can be found on pages 38 - 39 of this report.

Notes to the Financial Statements - The notes provide additional information that is essential to a full understanding

of the data provided in the government-wide and fund financial statements. The notes to the financial statements

can be found on pages 40 - 84 of this report.

Other Information - In addition to the basic financial statements and accompanying notes, this report presents

certain required supplementary information on the General Fund budget, the Transit and Transportation

Improvement Special Revenue Fund budget, and schedules on the Other Post Employment Benefit (OPEB) and the

County’s Pension Plans. Required supplementary information can be found on pages 85 - 98 of this report.

Immediately following the required supplementary information is the presentation of the Debt Service Major Fund

budgetary comparison schedule. After that, the combining statements referred to earlier in connection with

nonmajor governmental and internal service funds are presented. Combining fund statements and schedules can be

found on pages 102 - 115 of this report.

Government-wide Financial Analysis

As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. The

County’s total net position increased by $75,984,823 for the current fiscal year activity. The County’s assets and

deferred outflow of resources exceeded liabilities and deferred inflow of resources by $816,587,855 at the close of

the most recent fiscal year. Inflows are associated with revenues which will be recognized in future periods and

outflows are associated with expenses which will be recognized in future periods.

Ramsey County’s investment in capital assets (e.g., land, buildings, machinery and equipment), less any related debt

used to acquire those assets, still outstanding, amounts to 87.7% of the County’s Net Position. The County uses these

capital assets to provide services to citizens, consequently, these assets are not available for future spending.

Although the County’s investment in its capital assets is reported net of related debt, it should be noted that the

resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot

be used to liquidate these liabilities.

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* The County implemented the custodial fund change for accounting and financial reporting standard authorized by

the Governmental Accounting Standards Board (GASB). To comply with GASB Statement No. 84, Fiduciary

Activities. The County restated beginning net position to reflect the fiduciary activities as of the beginning of the

year. See Note I.E.

Governmental Activities - Governmental activities increased the County’s net position by $75,633,274. Key elements

of this increase are as follows:

• The revenue increased $217,803,802 overall. The major revenue changes included charges for services,

property tax, wheelage tax, transportation sales and use tax, and investment earnings. Charges for services

revenue was the major source of this change due to the implementation of GASB 84 and the change in

reporting entity.

• The expenses increased $243,935,019 overall. The major changes included an increase in general

government ($184,794,595), transportation expenses ($29,689,987), public health ($11,337,050), human

services ($18,371,206), and culture and recreation expenses ($243,997). These changes were due to the

change in accounting principle and change in reporting entity. The increase in expenses was offset by the

reduction in interest paid in the amount of $1,351,724 and a variety of other fluctuations in expenses.

During 2019, the County recognized expenses relating to health insurance, claims, and compensated

absences.

2019 2018 2019 2018 2019 2018

Current and Other Assets 718,087,949$ 658,695,631$ 3,670,782$ (3,526,556)$ 721,758,731$ 655,169,075$

Capital Assets 845,237,589 833,148,368 4,377,678 13,776,210 849,615,267 846,924,578

Total Assets 1,563,325,538 1,491,843,999 8,048,460 10,249,654 1,571,373,998 1,502,093,653

Deferred Outflows of Resources:

Deferred Pension Outflows 43,889,791 76,467,396 1,150,107 2,446,594 45,039,898 78,913,990

Deferred OPEB Outflows 8,585,318 4,259,363 440,118 237,781 9,025,436 4,497,144

Total Deferred Outflows 52,475,109 80,726,759 1,590,225 2,684,375 54,065,334 83,411,134

Long-term Liabilities Outstanding 507,921,372 527,314,775 21,161,445 22,340,392 529,082,817 549,655,167

Current and Other Liabilities 106,004,807 91,068,723 3,843,588 4,679,846 109,848,395 95,748,569

Total Liabilities 613,926,179 618,383,498 25,005,033 27,020,238 638,931,212 645,403,736

Deferred Inflows of Resources:

Deferred Pension Inflows 91,118,893 120,403,185 2,648,883 3,620,088 93,767,776 124,023,273

Deferred OPEB Inflows 72,231,834 82,061,913 3,920,655 4,581,138 76,152,489 86,643,051

Total Deferred Inflows 163,350,727 202,465,098 6,569,538 8,201,226 169,920,265 210,666,324

Net Position:

Net Investment in Capital Assets 713,370,225 676,647,005 2,946,142 11,926,626 716,316,367 688,573,631

Restricted 211,994,630 172,934,163 - - 211,994,630 172,934,163

Unrestricted (86,841,114) (97,859,006) (24,882,028) (34,214,061) (111,723,142) (132,073,067)

Total Net Position, as reported 838,523,741$ 751,722,162 (21,935,886)$ (22,287,435) 816,587,855$ 729,434,727

Change in Accounting Principle * 11,168,305 - 11,168,305

Total Net Position, as restated 762,890,467$ (22,287,435)$ 740,603,032$

Summary of Net Position

For the Years Ended December 31, 2019 and 2018

Governmental Activities

Business-type Activities

Total

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2019 2018 2019 2018 2019 2018

Revenues:

Program Revenues:

Charges for Services 312,083,674 94,729,795$ 36,046,146$ 35,770,144$ 348,129,820$ 130,499,939$

Operating Grants and Contributions 181,344,702 202,111,496 494,630 397,258 181,839,332 202,508,754

Capital Grants and Contributions 368,628 2,850,779 - 550 368,628 2,851,329

General Revenues:

Property Taxes 341,233,619 328,410,636 - - 341,233,619 328,410,636

Wheelage Taxes 8,552,797 8,282,277 - - 8,552,797 8,282,277

Transportation Sales and Use Tax 46,200,789 43,476,884 - - 46,200,789 43,476,884

Grants and Contributions not Restricted

to Specific Programs 21,791,388 22,841,846 27,333 92,133 21,818,721 22,933,979

Investment Earnings 20,223,193 10,920,165 14,266 23,084 20,237,459 10,943,249

Gain/(Loss) on Disposition of Capital Assets (10,073) 361,037 - 23,154 (10,073) 384,191

Total Revenues 931,788,717 713,984,915 36,582,375 36,306,323 968,371,092 750,291,238

Expenses:

General Government 310,608,339 125,813,744 - - 310,608,339 125,813,744

Public Safety 144,857,342 145,625,968 - - 144,857,342 145,625,968

Transportation 89,686,661 59,996,674 - - 89,686,661 59,996,674

Sanitation 21,834,184 20,692,584 - - 21,834,184 20,692,584

Health 39,287,219 27,950,169 - - 39,287,219 27,950,169

Human Services 192,393,563 174,022,357 - - 192,393,563 174,022,357

Culture and Recreation 31,403,842 31,159,845 - - 31,403,842 31,159,845

Conservation of Natural Resources 2,010,946 874,211 - - 2,010,946 874,211

Economic Development and Assistance 18,853,676 19,513,477 - - 18,853,676 19,513,477

Interest 4,177,834 5,529,558 - - 4,177,834 5,529,558

Lake Owasso Residence - - 10,179,018 8,125,845 10,179,018 8,125,845

Ramsey County Care Center - - 17,539,704 14,951,449 17,539,704 14,951,449

Vadnais Sports Center - - - 1,348,616 - 1,348,616

Law Enforcement Services - - 9,553,941 8,770,220 9,553,941 8,770,220

Total Expenses 855,113,606 611,178,587 37,272,663 33,196,130 892,386,269 644,374,717

Increase (Decrease) in Net Position Before Transfers 76,675,111 102,806,328 (690,288) 3,110,193 75,984,823 105,916,521

Transfers (1,041,837) (1,820,103) 1,041,837 1,820,103 - -

Increase (Decrease) in Net Position 75,633,274 100,986,225 351,549 4,930,296 75,984,823 105,916,521

Net Position - Beginning (as reported) 762,890,467 650,735,937 (22,287,435) (27,217,731) 740,603,032 623,518,206

Change in Accounting Principle (Note I.E.) - 11,168,305 - - - 11,168,305

Net Position - Ending 838,523,741$ 762,890,467$ (21,935,886)$ (22,287,435)$ 816,587,855$ 740,603,032$

Summary of Changes in Net Position

For the Years Ended December 31, 2019 and 2018

Governmental Activities

Business-type Activities

Total

22

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The following charts provide comparisons of governmental activities’ program revenues and expenses and also show

the sources of governmental activities’ revenues.

23

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Capital Asset and Debt Administration

Capital Assets – The County’s investment in capital assets for its governmental and business- type activities as of

December 31, 2019, amounts to $849,615,267 (net of accumulated depreciation). This investment in capital assets

includes land, buildings, building improvements, machinery and equipment, park facilities, roads, highways, bridges,

and construction in progress. The total increase in the County’s investment in capital assets for the current fiscal

year was .3% (a 1.5% increase for governmental activities and a 68.2% decrease for business-type activities) due to

the recognition of depreciation expense and the change in reporting entity for the Vadnais Sports Center.

Major capital asset events during the current fiscal year include the following:

Infrastructure Improvements

• Road Construction for $22,377,560

• Traffic Signal Construction $3,211,794

Change in reporting entity for the reclassification of business type activities to governmental activities:

• Vadnais Sports Center net of depreciation for $9,123,814

Additional information on the County’s capital assets can be found in Note IV.C. on page 58 of this report.

Long-term Debt – At the end of the current fiscal year, the County had total General Obligation bonded debt

outstanding of $171,985,000 which is backed by the full faith and credit of the government.

The County’s total bonded debt and notes payable debt decreased by $7,180,000 (3.9%) during the current fiscal

year. The decrease was due to the issuing of bonds at a lower amount than the retirement of older debt.

2019 2018 2019 2018 2019 2018

Land 154,086,069$ 151,714,186$ 107,073$ 1,877,153$ 154,193,142$ 153,591,339$

Buildings & Improvements 354,234,778 355,098,148 3,077,650 10,727,170 357,312,428 365,825,318

Improvements Other Than Buildings

18,601,490 20,600,378 335,036 396,408 18,936,526 20,996,786

Machinery and Equipment 23,377,962 21,774,821 857,919 775,479 24,235,881 22,550,300

Computer Software 2,314,562 3,107,573 - - 2,314,562 3,107,573

Infrastructure 235,411,563 223,751,870 - - 235,411,563 223,751,870

Construction in Progress 57,211,165 57,101,392 - - 57,211,165 57,101,392

Total 845,237,589$ 833,148,368$ 4,377,678$ 13,776,210$ 849,615,267$ 846,924,578$

Capital Assets, Net of Depreciation

Governmental Activities

Business-type Activities

Total

2019 2018 2019 2018 2019 2018

General Obligation Debt:

Bonds 170,685,000$ 177,225,000$ 1,300,000$ 1,680,000$ 171,985,000$ 178,905,000$

Notes 3,492,000 3,752,000 - - 3,492,000 3,752,000

Total

174,177,000$ 180,977,000$ 1,300,000$ 1,680,000$ 175,477,000$ 182,657,000$

Outstanding Debt

General Obligation Debt and Loans Payable

Governmental Activities

Business-type Activities

Total

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The County maintains a “AAA” rating from Standard & Poor’s and a “Aaa” rating from Moody’s for General Obligation

debt.

Minnesota state statutes limit the amount of General Obligation debt a governmental entity may issue to 3% of the

Estimated Market Value (EMV) of taxable property in the County. The current debt limitation for the County is

$1,611,005,115 which is significantly in excess of the net debt applicable to this limit of $120,888,115.

Additional information on the County’s long-term debt can be found in Note IV. H. on pages 61 - 66 of this report.

Government Funds Financial Analysis

As noted earlier, the County uses fund accounting to ensure and demonstrate compliance with finance-related legal

requirements.

Governmental Funds – The focus of the County’s governmental funds is to provide information on near-term

inflows, outflows, and balances of spendable resources. Such information is useful in assessing the County’s

financing requirements. Unrestricted fund balance serves as a useful measure of a government’s net resources

available for spending at the end of the fiscal year.

As of the end of the current fiscal year, the County’s governmental funds reported combined ending fund balances

of $557,842,269 for a total fund balance increase of $40,038,813. Approximately 54.7% of this total amount or

$305,315,241 constitutes unrestricted fund balance, which is available for spending at the government’s discretion.

The remainder of fund balance is restricted to indicate that it is not available for new spending, because the fund

balance is (1) invested in assets which are in non-spendable form $40,532,398; (2) restricted for debt service

payments $57,471,160; or (3) for a variety of other restricted purposes $154,523,470. These other restricted

purposes are described in detail in Note IV. J. to the financial statements.

The General Fund is the chief operating fund of Ramsey County. At the end of the current fiscal year, unrestricted

fund balance of the General Fund was $206,115,007 while total fund balance reached $263,613,465. As a measure

of the General Fund’s liquidity, it may be useful to compare both unrestricted fund balance and total fund balance

to total fund expenditures. Unrestricted fund balance represents 29.4% of total General Fund expenditures, while

total fund balance represents 37.6% of that same amount.

The General Fund fund balance decreased by $2,351,478 which included the change to inventories during the

current fiscal year. The General Fund recognized an increase in revenue of approximately $202.8 million due to

increased property taxes, investment earnings, and miscellaneous revenue due to the implementation of GASB 84,

approximately $194.5 million, and the change in reporting entity, approximately $10 million. During 2019, the

County’s investment earnings increased by $8.6 million. The overall expenditures increased in 2019 by $231.4 million

over 2018, due in most part to the effect of implementing GASB 84 ($193 million), and the change in reporting entity

($9.2 million).

The Transit and Transportation Improvement Special Revenue Fund fund balance increased by $39,637,681. Ramsey

County imposed 0.5% sales and use tax effective in October 2017. During 2019, the tax raised $46,200,789 in revenue

while expending only $8,732,595 for transit projects.

The Debt Service Fund fund balance increased by $1,067,087. The increase in fund balance for Debt Service was due

to timing of completing the projects associated with the debt issued.

The Capital Projects Fund fund balance decreased by $21,818,228. The decrease is primarily due to finalizing capital

projects that were started in previous years.

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General Fund Budgetary Highlights

The overall net change in General Fund fund balance was $31,392,986 more than the final amended budget. This

increase was largely due to lower than budgeted expenditures for Computer Equipment and Software ($6,906,603)

and personnel ($20,098,175). The purchasing of new computer equipment is postponed until 2020.

During 2019, unrestricted fund balance in the General Fund was $206,115,007. The 2019 approved budget included

a 7.3% increase in spending over the prior year. A 3.4% increase in the 2019 Property Tax Levy was approved to fund

strategic initiatives and to offset inflationary costs of current services.

Business-type Activities Financial Analysis

Business-type activities increased the County’s net position by $351,549.

The following charts provide comparisons of business-type activities’ program revenues and expenses and show the

sources of business-type activities’ revenues.

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Proprietary Funds – The County’s proprietary funds provide the same type of information found in the government-

wide financial statements, but in more detail.

Lake Owasso Residence had a decrease of net position of $235. The change in net position included a transfer from

the General Fund in the amount of $1,475,048 to cover the overage in personnel services.

Ramsey County Care Center had an increase in net position of $459,825. The increase was mainly due to the transfer

in of $189,913 from the General Fund.

Law Enforcement Services had an increase in net position of $913,095. The increase in net position is mainly due to

an increase in charges for services to agencies which we provide services.

Economic Factors and Looking Forward to 2020

• The unemployment rate for Ramsey County as of March 2020 is 3.4%, which represents an increase from a rate

of 2.8% at year-end 2019. The County unemployment rate is slightly higher than the state unemployment rate

at the end of March which is 3.1%, but below the 4.4% unemployment rate in the United States as of March

2020. This will likely continue to increase at least through the 2

nd

quarter of 2020 due to the effect of COVID-19.

• The County is a fully developed urban center. Its roads and transportation system make access to the County

easy for all citizens. Its population has been increasing slightly over the past years. In 2019, the population

estimated by the Census Bureau was 550,321.

• Estimated Market Value of Taxable Property in the County increased $3,433,502,800 in 2019 to $54,416,228,600

or 6.7%. Tax Capacity for Residential property recorded an increase in value of 8.4% while commercial values

increased 4.9%.

• With the onset of the pandemic during 2020, Ramsey County has proactively adjusted a variety of initiatives.

➢ Implemented a redesign in services provided to residents.

➢ Implemented a redesign in staffing to ensure our staff remain safe and continue to serve our residents.

➢ Initiated programs to provide additional services and housing to homeless individuals and families.

• The effects and impact the pandemic will have on Ramsey County is unknown. We will be recognizing increased

expenses due to the increase in computer and software purchases for allowing staff to work from home,

redesigning service delivery to ensure we meet our resident’s needs and increases due to providing personal

protective equipment to employees. We also have significant expenses related to addressing the COVID-19 risks

in the homeless community. We are looking at food insecurity but currently are unsure of the needs in the area.

We anticipate a revenue decrease in charges for services due to the stay at home orders issued by the governor.

• We are reviewing the 2021 budget to ensure we continue to provide important services to our residents, while

taking into account the current economy and the impact that is having on household income. This will influence

how we approach property taxes changes in 2021.

Requests for Information

This financial report is designed to provide a general overview of Ramsey County’s finances for all those with an

interest in the government’s finances. Questions concerning any of the information provided in this report or

requests for additional financial information should be addressed to the Ramsey County Finance Department, Suite

4000, 121 7

th

Place East, Saint Paul, Minnesota 55101.

27

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BASIC FINANCIAL

STATEMENTS

Table of Contents

EXHIBIT 1

Governmental Business-type

Activities Activities Total

ASSETS

Current Assets:

Cash and Pooled Investments 567,381,916$ 2,086,697$ 569,468,613$

Restricted Cash and Cash Equivalents 16,000 - 16,000

Petty Cash and Change Funds 22,805 825 23,630

Cooperative Investment - 57,645 57,645

Receivables:

Taxes (Net) 806,956 - 806,956

Accounts (Net) 11,323,703 321,132 11,644,835

Accrued Interest 3,566,572 - 3,566,572

Internal Balances 1,368,344 (1,368,344) -

Due from Other Governments (Net) 67,625,113 2,572,827 70,197,940

Lease Receivable 3,492,000 - 3,492,000

Loan Receivable 14,872,584 - 14,872,584

Notes Receivable 8,910,625 - 8,910,625

Prepaid Items 1,138,272 - 1,138,272

Inventories 1,578,452 - 1,578,452

Total Current Assets 682,103,342 3,670,782 685,774,124

Non Current Assets:

Advance to Other Governments 16,455,817 - 16,455,817

Advance to Other Organizations 237,555 - 237,555

Property Held for Resale 19,291,235 - 19,291,235

Capital Assets not being Depreciated:

Land 154,086,069 107,073 154,193,142

Construction in Progress 57,211,165 - 57,211,165

Capital Assets being Depreciated:

Buildings 485,163,840 8,440,708 493,604,548

Building Improvements 51,547,239 3,696,531 55,243,770

Improvements other than Buildings 60,249,948 1,537,677 61,787,625

Machinery and Equipment 76,453,699 2,845,327 79,299,026

Computer Software 13,507,930 - 13,507,930

Infrastructure 513,628,327 - 513,628,327

Less: Accumulated Depreciation (566,610,628) (12,249,638) (578,860,266)

Total Non Current Assets 881,222,196 4,377,678 885,599,874

Total Assets 1,563,325,538 8,048,460 1,571,373,998

DEFERRED OUTFLOWS OF RESOURCES

Deferred Pension Outflows 43,889,791 1,150,107 45,039,898

Deferred OPEB Outflows 8,585,318 440,118 9,025,436

Total Deferred Outflows of Resources 52,475,109 1,590,225 54,065,334

RAMSEY COUNTY, MINNESOTA

STATEMENT OF NET POSITION

DECEMBER 31, 2019

The notes to the financial statements are an integral part of this statement.

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EXHIBIT 1

(continued)

Governmental Business-type

Activities Activities Total

LIABILITIES

Current Liabilities:

Salaries Payable 14,478,181 1,179,675 15,657,856

Accounts Payable 25,572,592 481,748 26,054,340

Contracts Payable 7,833,478 - 7,833,478

Interest Payable 2,842,247 23,584 2,865,831

Due to Other Governments 9,241,288 48,318 9,289,606

General Obligation Bonds Payable, Current 21,013,733 414,979 21,428,712

Claims and Judgments Payable, Current 4,475,722 - 4,475,722

Vacation and Compensatory Time Payable 20,531,566 1,695,284 22,226,850

Current Liabilities Payable from Restricted Assets:

Customer Deposits Payable 16,000 - 16,000

Total Current Liabilities 106,004,807 3,843,588 109,848,395

Non Current Liabilities:

Unearned Revenue 2,921,296 - 2,921,296

General Obligation Bonds Payable, Long-term 164,404,217 1,016,556 165,420,773

Compensated Absences Payable 15,321,486 740,819 16,062,305

Claims and Judgments Payable, Long-term 654,577 - 654,577

Net Pension Liability 187,796,969 11,992,532 199,789,501

Net OPEB Liability 136,822,827 7,411,538 144,234,365

Total Non Current Liabilities 507,921,372 21,161,445 529,082,817

Total Liabilities 613,926,179 25,005,033 638,931,212

DEFERRED INFLOWS OF RESOURCES

Deferred Pension Inflows 91,118,893 2,648,883 93,767,776

Deferred OPEB Inflows 72,231,834 3,920,655 76,152,489

Total Deferred Inflows of Resources 163,350,727 6,569,538 169,920,265

NET POSITION

Net Investment in Capital Assets 713,370,225 2,946,142 716,316,367

Restricted for:

Debt Service 57,471,160 - 57,471,160

Capital Projects 9,774,147 - 9,774,147

General Government 2,669,155 - 2,669,155

Public Safety 1,617,659 - 1,617,659

Sanitation 31,038,565 - 31,038,565

Culture and Recreation 5,251,894 - 5,251,894

Conservation of Natural Resources 1,628,168 - 1,628,168

Economic Development 167,301 - 167,301

Transportation 84,527,530 - 84,527,530

Other Purposes 17,849,051 - 17,849,051

Unrestricted (86,841,114) (24,882,028) (111,723,142)

Total Net Position 838,523,741$ (21,935,886)$ 816,587,855$

RAMSEY COUNTY, MINNESOTA

STATEMENT OF NET POSITION

DECEMBER 31, 2019

The notes to the financial statements are an integral part of this statement.

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EXHIBIT 2

RAMSEY COUNTY, MINNESOTA

STATEMENT OF ACTIVITIES

FOR THE YEAR ENDED DECEMBER 31, 2019

Account

Numbers

Operating Capital

Charges Grants and Grants and Governmental Business-type

Functions/Programs Expenses for Services Contributions Contributions Activities Activities Total

Governmental Activities:

General Government 310,608,339$ 208,289,247$ 24,345,311$ -$ (77,973,781)$ -$ (77,973,781)$

Public Safety 144,857,342 17,221,727 16,761,705 - (110,873,910) - (110,873,910)

Transportation 89,686,661 33,359,501 4,541,894 368,628 (51,416,638) - (51,416,638)

Sanitation 21,834,184 24,512,798 1,973,040 - 4,651,654 - 4,651,654

Health 39,287,219 5,749,032 14,574,308 - (18,963,879) - (18,963,879)

Human Services 192,393,563 12,145,264 92,797,415 - (87,450,884) - (87,450,884)

Culture and Recreation 31,403,842 10,308,693 7,495,804 - (13,599,345) - (13,599,345)

Conservation of Natural Resources 2,010,946 497,412 1,536,661 - 23,127 - 23,127

Economic Development and Assistance 18,853,676 - 17,318,564 - (1,535,112) - (1,535,112)

Interest 4,177,834 - - - (4,177,834) - (4,177,834)

Total Governmental Activities 855,113,606 312,083,674 181,344,702 368,628 (361,316,602) - (361,316,602)

Business-type Activities:

Lake Owasso Residence 10,179,018 8,472,229 19,968 - - (1,686,821) (1,686,821)

Ramsey County Care Center 17,539,704 17,547,765 33,778 - - 41,839 41,839

Law Enforcement Services 9,553,941 10,026,152 440,884 - - 913,095 913,095

Total Business-type Activities 37,272,663 36,046,146 494,630 - - (731,887) (731,887)

Total Government 892,386,269$ 348,129,820$ 181,839,332$ 368,628$ (361,316,602)$ (731,887)$ (362,048,489)$

General revenues:

Property Taxes 341,233,619 - 341,233,619

Wheelage Taxes 8,552,797 - 8,552,797

Transportation Sales and Use Tax 46,200,789 - 46,200,789

Grants and Contributions Not Restricted to Specific Programs 21,791,388 27,333 21,818,721

Investment Earnings (Loss) 20,223,193 14,266 20,237,459

Gain (Loss) on Disposition of Capital Assets (10,073) - (10,073)

Transfers (1,041,837) 1,041,837 -

Total General Revenues and Transfers 436,949,876 1,083,436 438,033,312

Change in Net Position 75,633,274 351,549 75,984,823

Net Position - Beginning 751,722,162 (22,287,435) 729,434,727

Restatement (see Note I. E.) 11,168,305 - 11,168,305

Net Position - Beginning, as Restated 762,890,467 (22,287,435) 740,603,032

Net Position - Ending 838,523,741$ (21,935,886)$ 816,587,855$

Net (Expense) Revenue and Changes in Net Position

Program Revenues

The notes to the financial statements are an integral part of this statement.

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EXHIBIT 3

Transit and Total Total

Transportation Capital Nonmajor Governmental

General Improvement Debt Service Projects Funds Funds

ASSETS

Cash and Cash Equivalents 234,975,377$ 80,823,066$ 36,867,727$ 53,732,484$ 114,388,080$ 520,786,734$

Petty Cash and Change Funds 20,685 - - - 2,045 22,730

Receivables:

Taxes (Net) 3,370,279 - 313,627 - 437,957 4,121,863

Accounts (Net) 5,977,398 - - - 5,381,734 11,359,132

Accrued Interest 2,941,924 - - - 624,648 3,566,572

Due from Other Funds 197,269 - - - 999,882 1,197,151

Due from Other Governments 22,833,077 3,754,870 220,080 33,819,052 6,868,801 67,495,880

Lease Receivable - - 3,492,000 - - 3,492,000

Notes Receivable 1,577,175 - 3,444,009 - 3,889,441 8,910,625

Loans Receivable 5,811,370 - - - 9,061,214 14,872,584

Inventories 1,405,545 - - - - 1,405,545

Advance to Other Funds 38,147,770 - 919,559 7,680,000 - 46,747,329

Advance to Other Governments 105,817 - 16,350,000 - - 16,455,817

Advance to Other Organizations 237,555 - - - - 237,555

Property Held for Resale 33,305 - - 18,790,507 - 18,823,812

Restricted Cash and Cash Equivalents 15,000 - - - - 15,000

Total Assets 317,649,546 84,577,936 61,607,002 114,022,043 141,653,802 719,510,329

LIABILITIES

Salaries Payable 12,378,400 - - - 1,342,588 13,720,988

Accounts Payable 12,118,683 - - 46,243 4,635,593 16,800,519

Contracts Payable - - - 6,829,201 1,004,277 7,833,478

Due to Other Funds 884,193 - - - 312,958 1,197,151

Due to Other Governments 4,533,884 50,406 - 144,650 4,432,457 9,161,397

Unearned Revenue 900,730 - - 713,236 1,307,330 2,921,296

Advance from Other Funds 7,680,000 - 378,206 33,269,564 4,500,000 45,827,770

Claims and Judgments Payable 192,231 - - - - 192,231

Liabilities Payable from Restricted Assets 15,000 - - - - 15,000

Total Liabilities 38,703,121 50,406 378,206 41,002,894 17,535,203 97,669,830

DEFERRED INFLOWS OF RESOURCES

Deferred Inflows 15,332,960 - 3,757,636 31,714,918 13,192,716 63,998,230

FUND BALANCES

Nonspendable 40,530,353 - - - 2,045 40,532,398

Restricted 16,968,105 84,527,530 57,471,160 9,774,147 43,253,688

-

211,994,630

Committed 1,693,743 - - 31,530,084 4,967,062 38,190,889

Assigned 45,923,185 - - - 62,703,088 108,626,273

Unassigned 158,498,079 - - - - 158,498,079

Total Fund Balances 263,613,465 84,527,530 57,471,160 41,304,231 110,925,883 557,842,269

Total Liabilities, Deferred Inflows of

Resources and Fund Balances 317,649,546$ 84,577,936$ 61,607,002$ 114,022,043$ 141,653,802$

Amounts reported for governmental activities in the statement of net position are different because:

Certain Non Current assets used in governmental activities are not financial resources and, therefore,

are not reported in the funds. 827,009,017

Other long-term assets are not available to pay for current-period expenditures and therefore, are deferred in the funds. 60,636,935

Deferred outflows of resources resulting from pension obligations are not available resources and, therefore are not

reported in the governmental funds. 43,294,059

Internal services funds are used by management to charge the costs of management information systems and property

management services to individual funds. The assets and deferred outflow of resources and liabilities and deferred

inflow of resources of the internal service funds are included in governmental activities in the Statement of Net Position. (154,785,962)

Long-term liabilities, including bonds payable, are not due and payable in the current period and therefore are not

reported in the funds. (406,096,692)

Deferred inflows resulting from pension obligations are not due and payable in the current period and therefore

are not reported in governmental funds. (89,375,885)

Net position of governmental activities 838,523,741$

RAMSEY COUNTY, MINNESOTA

BALANCE SHEET

GOVERNMENTAL FUNDS

DECEMBER 31, 2019

The notes to the financial statements are an integral part of this statement.

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EXHIBIT 4

Transit and Total Total

Transportation Capital Nonmajor Governmental

General Improvement Debt Service Projects Funds Funds

REVENUES

Taxes 269,924,128$ 46,200,789$ 23,959,226$ 9,652,797$ 46,271,055$ 396,007,995$

Licenses and Permits 1,158,078 - - - 781,879 1,939,957

Intergovernmental 172,747,628 899,757 472,928 18,461,718 32,849,216 225,431,247

Private Grants and Donations 177,557 - - - 245,195 422,752

Charges for Services 43,360,614 - - 56,497 37,616,702 81,033,813

Fines and Forfeitures - - - - 770,616 770,616

Sales 857,440 - - - 2,987,766 3,845,206

Rental Income 834,521 - - 82,200 2,559,226 3,475,947

Investment Earnings 16,727,407 712,847 879,185 472,347 1,131,676 19,923,462

Program Recoveries - Community Human Services 1,548,649 - - - - 1,548,649

Miscellaneous 197,555,959 556,883 - 124,614 1,499,935 199,737,391

Total Revenues 704,891,981 48,370,276 25,311,339 28,850,173 126,713,266 934,137,035

EXPENDITURES

Current:

General Government 294,532,501 - - - 7,157,165 301,689,666

Public Safety 123,516,494 - - - 20,476,465 143,992,959

Transportation 25,385,708 8,732,595 - - 13,190,538 47,308,841

Sanitation - - - - 21,086,778 21,086,778

Health 40,172,325 - - - 3,498 40,175,823

Human Services 195,821,834 - - - 33,897 195,855,731

Culture and Recreation 12,931,823 - - - 12,955,747 25,887,570

Conservation of Natural Resources 2,002,127 - - - - 2,002,127

Economic Development and Assistance 664,664 - - - 18,157,028 18,821,692

Capital Outlay:

General Government 3,025,912 - - 2,279,719 - 5,305,631

Public Safety 489,489 - - 2,914,541 - 3,404,030

Transportation 122,016 - - 49,830,274 - 49,952,290

Health 376,745 - - - - 376,745

Human Services 831,467 - - 13,623 - 845,090

Culture and Recreation 897,134 - - 8,134,570 - 9,031,704

Conservation of Natural Resources 13,075 - - - - 13,075

Economic Development and Assistance 576 - - - - 576

Debt Service:

Bond Issuance Costs - - - 100,740 - 100,740

Principal Retirement - - 17,400,000 - - 17,400,000

Interest - - 6,844,697 - - 6,844,697

Total Expenditures 700,783,890 8,732,595 24,244,697 63,273,467 93,061,116 890,095,765

Excess (Deficiency) of Revenues

Over (Under) Expenditures 4,108,091 39,637,681 1,066,642 (34,423,294) 33,652,150 44,041,270

OTHER FINANCING SOURCES (USES)

Bonds Issued - - - 10,600,000 - 10,600,000

Premium on Sale of Bonds - - - 999,942 - 999,942

Proceeds from Sale of Assets - - - - 41,654 41,654

Transfers In 12,829,961 - 445 3,056,478 996,772 16,883,656

Transfers Out (19,714,647) - - (2,051,354) (11,186,825) (32,952,826)

Total Other Financing Sources (Uses) (6,884,686) - 445 12,605,066 (10,148,399) (4,427,574)

Net Change in Fund Balances (2,776,595) 39,637,681 1,067,087 (21,818,228) 23,503,751 39,613,696

265,964,943 44,889,849 56,404,073 63,122,459 87,422,132 517,803,456

425,117 - - - - 425,117

Fund Balances - Beginning as Restated (see Note I. E.)

Increase (decrease)

in inventories

Fund Balances - Ending

263,613,465$ 84,527,530$ 57,471,160$ 41,304,231$ 110,925,883$ 557,842,269$

RAMSEY COUNTY, MINNESOTA

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES

GOVERNMENTAL FUNDS

FOR THE YEAR ENDED DECEMBER 31, 2019

The notes to the financial statements are an integral part of this statement.

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EXHIBIT 5

Net change in fund balances - total governmental funds (Exhibit 4) 39,613,696$

Amounts reported for governmental activities in the Statement of Activities (Exhibit 2)

are different because:

Governmental funds report capital outlays as expenditures. However, in the statement of

activities the cost of those assets is allocated over their estimated useful lives and

reported as depreciation expense. This is the amount by which depreciation

exceeded capital outlay in the current period. 10,030,498

Revenues in the statement of activities that do not provide current financial resources are

not reported as revenues in the funds. 4,704,178

The issuance of long-term debt (e.g. bonds) provides current financial resources to

governmental funds, while the repayment of the principal of long-term debt consumes

the current financial resources of governmental funds. Neither transaction, however,

has any effect on net position. Also, the governmental funds report the effect of

premiums, discounts, and similar items when debt is first issued, whereas these

amounts are deferred and amortized in the statement of activities. This amount is the net

effect of these differences in the treatment of long-term debt and related items. 5,800,058

Some expenses reported in the Statement of Activities do not require the use of current

financial resources and, therefore, are not reported as expenditures in governmental funds. 8,943,203

Internal service funds are used by management to charge the costs of information

systems, property management, fleet services, and insurance costs to individual funds.

The net revenue of certain activities of internal service funds is reported with

governmental activities. 6,541,641

Net change in net position of governmental activities (Exhibit 2) 75,633,274$

RAMSEY COUNTY, MINNESOTA

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES

IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES

FOR THE YEAR ENDED DECEMBER 31, 2019

The notes to the financial statements are an integral part of this statement.

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EXHIBIT 6

Governmental

Nonmajor Activities -

Ramsey Law Internal

Lake Owasso County Enforcement Service

Residence Care Center Services Total Funds

ASSETS

Current Assets:

Cash and Cash Equivalents 1,729,198$ -$ 357,499$ 2,086,697$ 46,595,182$

Petty Cash and Change Funds 625 200 - 825 75

Cooperative Investment - 57,645 - 57,645 -

Accounts Receivable (Net) - 308,147 12,985 321,132 10,961

Due from Other Governments (Net) 195,373 1,547,694 829,760 2,572,827 129,233

Prepaid Items - - - - 1,138,272

Inventories - - - - 172,907

Restricted Cash and Cash Equivalents - - - - 1,000

Total Current Assets 1,925,196 1,913,686 1,200,244 5,039,126 48,047,630

Noncurrent Assets:

Property Held for Resale - - - - 467,423

Capital Assets:

Land 7,873 99,200 - 107,073 -

Buildings 4,072,132 4,368,576 - 8,440,708 -

Building Improvements 7,689 3,688,842 - 3,696,531 9,190,612

Improvements Other Than Buildings 647,707 889,970 - 1,537,677 247,082

Machinery and Equipment 443,130 454,762 1,947,435 2,845,327 35,528,832

Construction in Progress - - - - 1,332,742

Less Accumulated Depreciation (3,067,282) (7,944,436) (1,237,920) (12,249,638) (28,070,697)

Total Capital Assets (Net of

Accumulated Depreciation) 2,111,249 1,556,914 709,515 4,377,678 18,228,571

Total Noncurrent Assets 2,111,249 1,556,914 709,515 4,377,678 18,695,994

Total Assets 4,036,445 3,470,600 1,909,759 9,416,804 66,743,624

DEFERRED OUTFLOWS OF RESOURCES

Deferred Pension Outflows 440,154 709,953 - 1,150,107 595,732

Deferred OPEB Outflows 188,324 251,794 - 440,118 8,585,318

Total Deferred Outflows of Resources 628,478 961,747 - 1,590,225 9,181,050

LIABILITIES

Current Liabilities:

Salaries Payable 351,639 534,024 294,012 1,179,675 757,193

Accounts Payable 122,722 338,839 20,187 481,748 8,772,073

Interest Payable 5,938 17,646 - 23,584 -

Due to Other Governments 35,311 9,327 3,680 48,318 79,891

General Obligation Bonds Payable 286,641 128,338 - 414,979 -

Vacation and Compensatory Time Payable 560,775 565,540 568,969 1,695,284 1,201,701

Payable from Restricted Assets:

Customer Deposits Payable - - - - 1,000

Total Current Liabilities 1,363,026 1,593,714 886,848 3,843,588 10,811,858

Noncurrent Liabilities:

General Obligation Bonds Payable - 1,016,556 - 1,016,556 -

Advance from Other Funds 378,206 541,353 - 919,559 -

Compensated Absences Payable 238,161 502,658 - 740,819 1,037,086

Net Pension Liability 4,694,958 7,297,574 - 11,992,532 8,512,806

Net OPEB Liability 3,226,056 4,185,482 - 7,411,538 136,822,827

Total Noncurrent Liabilities 8,537,381 13,543,623 - 22,081,004 146,372,719

Total Liabilities 9,900,407 15,137,337 886,848 25,924,592 157,184,577

DEFERRED INFLOWS OF RESOURCES

Deferred Pension Inflows 1,036,196 1,612,687 - 2,648,883 1,743,008

Deferred OPEB Inflows 1,707,595 2,213,060 - 3,920,655 72,231,835

Total Deferred Inflows of Resources 2,743,791 3,825,747 - 6,569,538 73,974,843

NET POSITION

Net Investment in Capital Assets 1,824,608 412,019 709,515 2,946,142 18,228,571

Unrestricted (9,803,883) (14,942,756) 313,396 (24,433,243) (173,463,317)

Total Net Position (7,979,275)$ (14,530,737)$ 1,022,911$ (21,487,101) (155,234,746)$

Adjustment to reflect the consolidation of internal service fund activities

related to enterprise funds. (448,785)

Net Position of Business-Type Activities (21,935,886)$

Business-type Activities - Enterprise Funds

RAMSEY COUNTY, MINNESOTA

STATEMENT OF NET POSITION

PROPRIETARY FUNDS

DECEMBER 31, 2019

The notes to the financial statements are an integral part of this statement.

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EXHIBIT 7

Governmental

Activities -

Nonmajor Internal

Ramsey Vadnais Law Service

Lake Owasso County Sports Enforcement Funds

Residence Care Center Center Services Total Total

OPERATING REVENUES:

Charges for Services 8,472,119$ 17,479,734$ -$ 9,983,797$ 35,935,650$ 101,991,057$

Sales - - - - - 610,366

Rental Income - - - - - 108,607

Miscellaneous 110 68,031 - 42,356 110,497 799,089

Total Operating Revenues 8,472,229 17,547,765 - 10,026,153 36,046,147 103,509,119

OPERATING EXPENSES:

Personal Services 8,022,008 12,139,442 - 7,485,175 27,646,625 18,065,857

Other Services and Charges 1,363,691 3,996,352 - 1,586,683 6,946,726 63,470,994

Supplies 408,569 914,214 - 215,099 1,537,882 17,248,305

Other Postemployment Expenses - - - - - (5,581,656)

Depreciation 188,605 271,344 - 266,985 726,934 4,080,248

Total Operating Expenses 9,982,873 17,321,352 - 9,553,942 36,858,167 97,283,748

Operating Income (Loss) (1,510,644) 226,413 - 472,211 (812,020) 6,225,371

NONOPERATING REVENUES (EXPENSES):

Intergovernmental Revenue 30,817 50,262 - 440,884 521,963 45,912

Amortization of (Discount) Premium on Bonds 19,711 18,338 - - 38,049 -

Interest Expense (15,167) (39,367) - - (54,534) -

Investment Earnings / (Loss) - 14,266 - - 14,266 83,919

Gain (Loss) on Sale of Capital Assets - - - - - 3,864

Loss on Disposal of Capital Assets - - - - - (215,437)

Total Nonoperating Revenues (Expenses) 35,361 43,499 - 440,884 519,744 (81,742)

Income before Transfers (1,475,283) 269,912 - 913,095 (292,276) 6,143,629

Transfers In 1,475,048 189,913 8,502,440 - 10,167,401 6,917,399

Transfers Out - - (9,125,564) - (9,125,564) (868,518)

Total Transfers 1,475,048 189,913 (623,124) - 1,041,837 6,048,881

Change in Net Position (235) 459,825 (623,124) 913,095 749,561 12,192,510

(7,979,040) (14,990,562) 623,124 109,816 (167,427,256)

Total Net Position - Ending (7,979,275)$ (14,530,737)$ -$ 1,022,911$ (155,234,746)$

Adjustment to reflect the consolidation of internal service fund activities

related to enterprise funds. (398,012)

Change in Net Position of Business-type Activities (Exhibit 2) 351,549$

Business-type Activities - Enterprise Funds

RAMSEY COUNTY, MINNESOTA

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION

PROPRIETARY FUNDS

FOR THE YEAR ENDED DECEMBER 31, 2019

Total Net Position - Beginning

The notes to the financial statements are an integral part of this statement.

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EXHIBIT 8

Nonmajor Governmental

Ramsey Vadnais Law Activities -

Lake Owasso County Sports Enforcement Internal

Residence Care Center Center Services Total Service Funds

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts from Customers and Users 9,088,440$ 17,316,155$ -$ 9,455,552$ 35,860,147$ 5,915,459$

Receipts from Interfund Services Provided - - - - - 98,112,222

Payments to Suppliers (1,677,783) (4,955,309) - (2,758,115) (9,391,207) (88,468,350)

Payments to Employees (8,396,250) (12,572,510) - (7,393,857) (28,362,617) (18,938,815)

Payments for Interfund Services Used - - - - - (5,432,252)

Net Cash Provided (Used) for

Operating Activities (985,593) (211,664) - (696,420) (1,893,677) (8,811,736)

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES

Intergovernmental Revenue 19,968 33,778 - 440,884 494,630 25,510

Transfers In 1,475,048 189,913 - - 1,664,961 (868,518)

Transfers Out - - (197,665) - (197,665) 6,873,370

Advances from/(Repayments to) Other Funds - 54,440 - - 54,440 -

Net Cash Provided (Used) for

Noncapital Financing Activities 1,495,016 278,131 (197,665) 440,884 2,016,366 6,030,362

CASH FLOWS FROM CAPITAL AND

RELATED FINANCING ACTIVITIES

Proceeds from the Sale of Capital Assets - - - - - 3,864

Purchases of Capital Assets - (13,262) - (438,954) (452,216) (5,964,338)

Principal Paid on Capital Debt (275,000) (95,010) - - (370,010) -

Interest Paid on Capital Debt (19,750) (54,440) - - (74,190) -

Net Cash Provided (Used) for Capital

and Related Financing Activities (294,750) (162,712) - (438,954) (896,416) (5,960,474)

CASH FLOWS FROM INVESTING ACTIVITIES

Investment Earnings (Loss) - - - - - 83,919

Net Cash Provided (Used) for

Investing Activities - - - - - 83,919

Net Increase (Decrease) in Cash and

Cash Equivalents 214,673 (96,245) (197,665) (694,490) (773,727) (8,657,929)

Cash and Cash Equivalents, January 1 1,514,525 96,245 197,665 1,051,989 2,860,424 55,254,111

Cash and Cash Equivalents, December 31 1,729,198$ -$ -$ 357,499$ 2,086,697$ 46,596,182$

Business-type Activities - Enterprise Funds

RAMSEY COUNTY, MINNESOTA

STATEMENT OF CASH FLOWS

PROPRIETARY FUNDS

FOR THE YEAR ENDED DECEMBER 31, 2019

The notes to the financial statements are an integral part of this statement.

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EXHIBIT 8

(Continued)

Nonmajor Governmental

Ramsey Vadnais Law Activities -

Lake Owasso County Sports Enforcement Internal

Residence Care Center Center Services Total Service Funds

Reconciliation of Operating Income to Net

Cash Provided (Used) by Operating Activities:

Operating Income (Loss) (1,510,644)$ 226,413$ -$ 472,211$ (812,020)$ 6,225,371$

Adjustments to Reconcile Operating Income to Net

Cash Provided (Used) by Operating Activities:

Depreciation Expense 188,605 271,344 - 266,985 726,934 4,080,248

Changes in Assets and Liabilities:

(Increase) Decrease in Accounts Receivable - (19,957) - (12,985) (32,942) 38,380

(Increase) Decrease in Due from Other Governments 616,321 (292,594) - (557,615) (233,888) 27,746

(Increase) Decrease in Prepaid Items - - - - - (239,319)

(Increase) Decrease in Inventories - - - - - 29,150

(Increase) Decrease in Deferred Pension Outflows 511,476 777,144 - - 1,288,620 1,150,539

(Increase) Decrease in Deferred OPEB Outflows (87,994) (121,484) - - (209,478) (4,325,955)

Increase (Decrease) in Salaries Payable 30,840 60,958 - 46,178 137,976 95,179

Increase (Decrease) in Accounts Payable 70,588 34,666 - 13,958 119,212 49,343

Increase (Decrease) in Due to Other Governments 23,779 1,531 - (970,293) (944,983) 7,510

Increase (Decrease) in Vacation and

Compensatory Time Payable (39,747) (16,509) - 45,141 (11,115) 164,637

Increase (Decrease) in Compensated

Absences Payable (15,037) (24,111) - - (39,148) 97,889

Increase (Decrease) in Net Pension Liability (48,483) (73,666) - - (122,149) (36,881)

Increase (Decrease) in Net OPEB Liability (118,884) (158,951) - - (277,835) (5,181,608)

Increase (Decrease) in Deferred Pension Inflows (381,025) (578,934) - - (959,959) (1,163,887)

Increase (Decrease) in Deferred OPEB Inflows (225,388) (297,514) - - (522,902) (9,830,078)

Net Cash Provided (Used) by Operating Activities (985,593)$ (211,664)$ -$ (696,420)$ (1,893,677)$ (8,811,736)$

Schedule of non-cash capital and related activities:

Net book value of capital assets disposed

Machinery and Equipment - - - - - 215,437

Payables for capital assets - machinery and equipment - - - - - 244,710

Business-type Activities - Enterprise Funds

RAMSEY COUNTY, MINNESOTA

STATEMENT OF CASH FLOWS

PROPRIETARY FUNDS

FOR THE YEAR ENDED DECEMBER 31, 2019

The notes to the financial statements are an integral part of this statement.

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EXHIBIT 9

Other Investment Private

Post-Employment Custodial Purpose Custodial

Benefits Trust Pool Trust Funds Funds

ASSETS

Cash and Pooled Investments -$ 10,095,696$ 99,867$ 34,459,234$

Investment with Trustee 87,769,678 - - -

Petty Cash and Change Funds - - 8,275 -

Receivables:

Accounts - - - 1,563,780

Total Assets 87,769,678 10,095,696 108,142 36,023,014

LIABILITIES

Accounts Payable and Other Liabilities - - 5,548 376,075

Total Liabilities - - 5,548 376,075

NET POSITION

Restricted for:

Held in Trust for Private Purposes - - 102,594 -

Post-employment Benefits Other than Pensions 87,769,678 - - -

Individuals, Organizations, and Other Governments - 10,095,696 - 35,646,939

Total Net Position 87,769,678$ 10,095,696$ 102,594$ 35,646,939$

STATEMENT OF FIDUCIARY NET POSITION

RAMSEY COUNTY, MINNESOTA

DECEMBER 31, 2019

FIDUCIARY FUNDS

The notes to the financial statements are an integral part of this statement.

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EXHIBIT 10

Other Investment Private

Post-Employment Custodial Purpose Custodial

Benefits Trust Pool Trust Funds Funds

ADDITIONS

Receipts from Clients -$ -$ 216,074$ -$

Contributions 12,954,265 - - -

Donations from Others - - - 2,060,864

Collections for Other Governments - - - 4,086,674

Taxes Collected for Other Governments - - - 821,138,184

Investment Earnings 16,866,535 246,510 1,235 -

Total Additions 29,820,800 246,510 217,309 827,285,722

DEDUCTIONS

Payments to Clients or on Behalf of Clients - - 227,224 -

Benefit Payments 12,954,265 - - -

Payments to Other Entities - 4,028,069 - 1,744,094

Payments to Other Governments - - - 815,133,852

Administration Fee 5,093 - - -

Total Deductions 12,959,358 4,028,069 227,224 816,877,946

Net increase (decrease) in fiduciary net position 16,861,442 (3,781,559) (9,915) 10,407,776

Net Position - Beginning 70,908,236 - 601,983 51,723,775

Change in Accounting Principle (see Note I. E.) - 13,877,255 - (26,484,612)

Change in Reporting Entity (see Note I. F.) - - (489,474) -

Net Position - Ending 87,769,678$ 10,095,696$ 102,594$ 35,646,939$

RAMSEY COUNTY, MINNESOTA

STATEMENT OF CHANGES IN FIDUCIARY NET POSITION

FIDUCIARY FUNDS

FOR THE YEAR ENDED DECEMBER 31, 2019

The notes to the financial statements are an integral part of this statement.

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INDEX TO NOTES Page

I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Reporting Entity 41

Government-wide and Fund Financial Statements 41

Measurement Focus, Basis of Accounting, and Financial Statement Presentation 42

Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance 44

Cash and Cash Equivalents 44

Deposits and Investments 44

Receivables and Payables 44

Inventories and Prepaid Items 44

Capital Assets

45

Compensated Absences 45

Long-Term Obligations 45

Deferred Outflows/Inflows of Resources 46

Unearned Revenue 46

Pension Plan 46

Other Post-Employment Benefits (OPEB) 46

Restricted Net Position/Fund Equity 46

Estimates in Financial Statements 47

47

Change in Accounting Principle

Change in Reporting Entity - Restructuring of Funds

47

II. RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS

Explanation of Certain Differences Between the Governmental Fund Balance Sheet and the Government-Wide

Statement of Net Position

48

Explanation of Certain Differences Between the Governmental Fund Statement of Revenues, Expenditures, and

Changes in Fund Balances and the Government-Wide Statement of Activities

48

III. STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY

Deficit Fund Equity 49

Budgetary Information 49

Tax Abatement 50

IV. DETAILED NOTES ON ALL FUNDS

Deposits and Investments 52

Receivables 56

Capital Assets 58

Interfund Receivables, Payables, and Transfers 60

Leases Payable 61

Sick Leave, Vacation, and Compensatory Time 61

Unearned Revenue/Deferred Inflow of Resources 61

Long-term Obligations 61

Net Position 66

Fund Balances 66

Investment Earnings 70

V. OTHER INFORMATION

Risk Management 70

Contingent Liabilities 71

Joint Ventures 71

Jointly Governed Organizations 72

Defined Benefit Pension Plans – Statewide 73

Other Post Employment Benefits (OPEB) 80

RAMSEY COUNTY, MINNESOTA

Notes to the Financial Statements

December 31, 2019

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I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A. Reporting Entity

Ramsey County, Minnesota, was created by the Legislative Assembly of the Territory of Minnesota in 1849. The

County operated under a County Board-Executive Director form of government until 1992. On November 6, 1992,

Ramsey County became the first County in the State to be governed by a home-rule charter. The Charter defines the

powers and structure of the County. The seven members of the Board of County Commissioners are elected by

district for four years. The County Manager is appointed by the Board on an indefinite basis.

As required by generally accepted accounting principles, these financial statements present Ramsey County and its

component units. The component units discussed below are included in the County’s reporting entity because of the

significance of their operations or financial relationships with the County.

Blended Component Units:

The Ramsey County Regional Railroad Authority was created, in 1987, by the Ramsey County Board pursuant to State

Statute. The seven-member Regional Railroad Authority Board is appointed by the Ramsey County Board of

Commissioners. Currently, the Regional Railroad Authority consists of the seven Ramsey County Commissioners. The

Authority has the power to levy taxes, issue bonds and enter into contracts and agreements. The Authority is solely

liable for its obligations. Management of Ramsey County has operational responsibility for the Authority. Separate

financial statements are not available.

The Ramsey County Housing and Redevelopment Authority was created in 1993 by the Ramsey County Board

pursuant to State Statute. The seven-member Housing and Redevelopment Authority is appointed by the Ramsey

County Board of Commissioners. Currently, the Housing and Redevelopment Authority consists of the seven

members from the Ramsey County Board. The Authority’s financial activities are presented in the Housing and

Redevelopment Authority Special Revenue Fund. The Authority is fiscally dependent on Ramsey County and there is

a potential financial benefit or burden relationship. Separate financial statements are not available.

Joint Ventures and Jointly Governed Organizations:

Details of joint ventures can be found in Note V. C. Other jointly governed organization can be found in Note V. D.

B. Government-wide and Fund Financial Statements

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report

information on all the nonfiduciary activities of the primary government. As a rule, the effect of interfund activity

has been eliminated from the government-wide financial statements. Exceptions to this general rule are payments

for direct interfund services provided. Elimination of these charges would distort the direct costs and program

revenues reported for the various functions concerned. Governmental activities, which normally are supported by

taxes and intergovernmental revenues, are reported separately from business-type activities, which significantly rely

on fees and charges for support. In the government-wide statement of net position, the County’s net position is

reported in three parts: (1) net investment in capital assets; (2) restricted net position; and (3) unrestricted net

position.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment,

are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or

segment. Certain indirect costs have been included as part of the program expenses reported for the various

functional activities. Program revenues include: (1) charges to customers or applicants who purchase, use, or directly

benefit from goods, services, or privileges provided by a given function or segment; and (2) grants and contributions

that are restricted to meeting the operational or capital requirements of a function or segment. Taxes and other

items not properly included among program revenues are reported instead as general revenues.

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Separate financial statements are provided for governmental, proprietary, and fiduciary funds, even though the

latter are excluded from the government-wide financial statements. Major individual governmental funds and major

individual enterprise funds are reported as separate columns in the fund financial statements.

C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation

The government-wide, proprietary, and fiduciary fund financial statements are reported using the economic

resources measurement focus and the full accrual basis of accounting. Revenues are recorded when earned, and

expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are

recognized as revenues in the year for which they are levied. Shared revenues are generally recognized in the period

the appropriation goes into effect. Grants and similar items are recognized as revenue as soon as all eligibility

requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and

the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and

available. Ramsey County considers all revenues to be available if they are collected within 60 days after the end of

the current period. Property and other taxes, shared revenues, licenses, and interest are all considered to be

susceptible to accrual. Expenditures are recorded when the related fund liability is incurred, except for principal and

interest on general long-term debt, compensated absences, and claims and judgments, which are recognized as

expenditures to the extent that they have matured. Proceeds of general long-term debt and acquisitions under

capital leases are reported as other financing sources.

Property taxes, licenses, and interest associated with the current fiscal period are all considered to be susceptible to

accrual and so have been recognized as revenues of the current fiscal period. All other revenue items are measurable

and available only when cash is received by the government.

The fund financial statements provide information about the County’s funds, including its fiduciary funds and

blended component units. Separate statements for each fund category, governmental, proprietary, and fiduciary,

are presented. The emphasis of governmental and proprietary fund financial statements is on the major individual

governmental and enterprise funds, with each displayed as separate columns in the fund financial statements. All

remaining governmental and enterprise funds are aggregated and reported as nonmajor funds.

The County reports the following major governmental funds:

The General Fund is the government’s primary operating fund. It accounts for all financial resources of the general

government, except those accounted for in another fund.

The Transit and Transportation Improvement Special Revenue Fund accounts for revenues collected from the ½

percent sales and use tax and expenditures for transportation improvement designated by the Board of

Commissioners as a special revenue fund.

The Debt Service Fund accounts for the resources accumulated and payments made for principal and interest on

long-term general obligation debt of governmental and proprietary funds.

The Capital Projects Fund accounts for financial resources to be used for the acquisition or construction of major

capital facilities and infrastructure (other than those financed by proprietary funds).

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RAMSEY COUNTY, MINNESOTA

Notes to the Financial Statements

December 31, 2019

The County reports the following proprietary funds:

Enterprise Funds are used to account for business-type activities which sell goods or provide services to the public:

The Lake Owasso Residence Fund provides residential treatment services to 64 people who are developmentally

delayed or have related conditions ages 16 through adult.

The Ramsey County Care Center Fund provides both long-term and transitional care services.

The Vadnais Sports Center Fund is a sports complex that features two NHL regulation-size hockey rinks and a

100,000-square-foot sports dome. In 2019, Vadnais Sports Center Fund was consolidated into the General Fund.

Law Enforcement Services Fund provides law enforcement services to cities which do not have their own

independent police department. These services are provided by the Ramsey County Sheriff’s office through

contract agreements for the cost incurred.

Internal service funds are used to account for goods or services provided by one department or agency to other

departments or agencies of the County, or other governments, on a cost-reimbursement basis.

• Information Services Fund was created by combining Data Processing and Telecommunications – to provide

computer and telephone services to County departments and other governmental units.

• General County Buildings Fund – to account for rents received from occupants of several County buildings

and to pay all expenses incurred in operating and maintaining the building.

• Firearms Range Fund – to provide a firearms range to law enforcement personnel of the County and other

local governments.

• Fleet Services Fund – to account for revenues received and expenses incurred in operating and maintaining

a centralized fleet program.

• Retiree Insurance Fund – to provide resources for the other post-employment benefits (OPEB) liability.

• Employee Health Insurance Fund – to provide resources for health insurance for employees.

Additionally, the government reports the following fund types:

The other post-employment benefits trust fund is an irrevocable trust account for employee post-employment

benefits.

The investment pool custodial fund is a fund held by the county for another governmental entity for investment

purposes only.

The private-purpose trust funds are used to account for client resources held in trust to pay expenses on their

behalf.

The custodial fund is accounted for by using the full accrual basis of accounting. This fund is used to account for

assets that the County holds for fiduciary activities, including pass-through funds that are equivalent to pure cash

conduits; inmate and other governmental agency funds held in the custody of the County; and revenues collected

on behalf of other governmental units related to property taxes.

Amounts reported as program revenues include: (1) charges to customers or applicants for goods, services, or

privileges provided; (2) operating grants and contributions, as well as any related interest earnings; and (3) capital

grants and contributions, as well as any related interest earnings. Internally dedicated resources are reported as

general revenues rather than as program revenues. Likewise, general revenues include all taxes.

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Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and

expenses generally result from providing services and producing and delivering goods in connection with a

proprietary fund’s principal ongoing operations. The principal operating revenues of the Lake Owasso Residence,

Ramsey County Care Center, and Law Enforcement Services enterprise funds, and of the government’s internal

service funds are charges for services. Operating expenses for enterprise funds and internal service funds include

the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses

not meeting this definition are reported as non-operating revenues and expenses.

When both restricted and unrestricted resources are available for use, it is the County’s policy to use restricted

resources first, then unrestricted resources as they are needed.

D. Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance

1. Cash and Cash Equivalents

Ramsey County has defined cash and cash equivalents to include cash on hand, demand deposits, and short-

term investments with original maturities of three months or less from the date of acquisition. Additionally,

each fund’s equity in the County’s investment pool is treated as a cash equivalent because the funds can deposit

or effectively withdraw cash at any time without prior notice or penalty.

2. Deposits and Investments

The cash balances of substantially all funds are pooled and invested for increasing earnings through investment

activities. Pooled and fund investments are reported at their fair value at December 31, 2019, based on market

prices. Pursuant to Minn. Stat. § 385.07, investment earnings on cash and pooled investments of governmental

and fiduciary funds are credited to the General Fund. Other funds received investment earnings based on other

state statutes, grant agreements, contracts, and bond covenants. Pooled investment earnings for 2019 were

$16,727,407.

3. Receivables and Payables

Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of

the fiscal year are referred to as either “due to/from other funds” (i.e., the current portion of interfund loans)

or “advances to/from other funds” (i.e., the non-current portion of interfund loans). All other outstanding

balances between funds are reported as “due to/from other funds”. Any residual balances outstanding between

the governmental activities and business-type activities are reported in the government-wide financial

statements as “internal balances”.

All trade and property tax receivables are shown net of an allowance for uncollectible. Trade accounts more

than 120 days comprise the trade accounts receivable allowance for uncollectible for the proprietary funds.

Property taxes are levied as of January 1

st

on property values assessed as of the same date. The tax levy is divided

into two billings: the first billing (due from property owners on May 15

th

) and the second billing (due from

property owners on October 15

th

or November 15

th

). Taxes, which remain unpaid by property owners at

December 31, are considered delinquent.

4. Inventories and Prepaid Items

Inventory is valued at cost using the first-in/first-out (FIFO) method. Inventory consists of expendable supplies

held for consumption. The cost is recorded as an expenditure at the time of purchase on the fund financial

statements and converted to the consumption method for the government-wide statements.

Certain payments to vendors reflect cost applicable to future accounting periods and are recorded as prepaid

items in both government-wide and fund financial statements.

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5. Capital Assets

Capital assets, including property, plant, equipment, and infrastructure assets (e.g. roads, bridges, sidewalks,

and similar items), are reported in the applicable governmental or business-type activities columns in the

government-wide financial statements. Capital assets are defined by the County as assets with an initial,

individual cost of more than $5,000 to more than $100,000, depending on asset category, and an estimated

useful life more than one year. The County, effective October 1, 2014, no longer capitalizes items that were

considered high risk that no longer meets the dollar threshold. Those assets that do not meet the current policy

and have not been fully depreciated will remain in the capital asset system to be retired as appropriate. Such

assets are recorded at historical cost or estimated cost if purchased or constructed. Donated capital assets are

recorded at acquisition value at the date of donation.

General infrastructure assets acquired prior to January 1, 2002 consist of the road network assets that were

acquired or that received substantial improvements after July 1, 1980 and are reported at actual historical cost.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend asset

lives are not capitalized.

Major outlays for capital assets and improvements are capitalized as projects are constructed. Interest incurred

during the construction phase of capital assets is included as part of the capitalized value of the assets

constructed. During the current year, the County did not have any capitalized interest.

Property, plant, and equipment of the primary government is depreciated using the straight-line method over

the following estimated useful lives:

6. Compensated Absences

It is the County’s policy to permit employees to accumulate earned but unused vacation and sick pay benefits.

Under the County’s personnel policies and union contracts, County employees are granted vacation and sick

leave in varying amounts based on length of service. Certain County employees are also granted compensatory

time. Unused accumulated vacation leave, compensatory time, and vested sick leave if matured are paid to

employees upon termination. Unvested sick leave is available to employees in the event of illness-related

absences and is not paid to employees upon termination. Each permanent employee earns up to 25 days of

vacation leave and 15 days of sick leave per year. Compensated absences are accrued when incurred in the

government-wide and proprietary fund financial statements. A liability for these amounts is reported in the

governmental funds only if they have matured, for example, as a result of employee resignations and

retirements. Vacation and compensatory time payable are the current portion at year end, while the

compensated absence payable is the long-term portion.

7. Long-Term Obligations

In the government-wide financial statements and proprietary fund types in the fund financial statements, long-

term debt and other long-term obligations are reported as liabilities in the applicable governmental activities,

business-type activities, or proprietary fund type statement of net position. Bond premiums and discounts are

deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported

net of the applicable bond premium or discount.

Assets Years

Buildings 10-50

Building Improvements 5-20

Infrastructure 20-75

Improvements Other Than Buildings 10-20

Machinery and Equipment 2-20

Computer Software 5-10

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In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as

bond issuance costs, during the current period. The face amount of debt is reported as other financing sources.

Premiums received on debt issuances are reported as other financing sources, while discounts on debt issuances

are reported as other financing uses. Issuance costs are typically withheld from the actual debt proceeds

received and are reported as debt service expenditures.

8. Deferred Outflows/Inflows of Resources

In addition to assets, the statement of net position reports a separate section for deferred outflows of resources.

This separate financial statement element, deferred outflows of resources, represents a consumption of net

position that applies to a future period(s) and will not be recognized as an outflow of resources

(expenditure/expense) until then. The County has two items that qualify for reporting in this category: deferred

pension and deferred OPEB outflows, reported in the government-wide statement of net position. These

outflows arise only under the full accrual basis of accounting and consist of plan contributions paid subsequent

to the measurement date, differences between expected and actual plan economic experience, changes in

actuarial assumptions, the differences between projected and actual earnings on plan investments, and also

plan changes in proportionate share. In addition to liabilities, the statement of net position reports a separate

section for deferred inflows of resources. This separate financial statement element, deferred inflows of

resources, represents an acquisition of net position that applies to a future period(s) and so will not be

recognized as an inflow of resources until that time. The County has three types of items. The first, unavailable

revenue, arises only under the modified accrual basis of accounting, and is reported only in the governmental

funds balance sheet. This amount is deferred and recognized as an inflow of resources in the period that the

amounts become available. The other inflows include pension and OPEB which are related to obligations and

arise only under the full accrual basis of accounting and consists of differences between expected and actual

plan economic experience, changes in actuarial assumptions, the differences between projected and actual

earnings on plan investments, and plan changes in proportionate share.

9. Unearned Revenue

Governmental funds and government-wide financial statements report unearned revenue in connection with

resources that have been received but not yet earned.

10. Pension Plan

For purposes of measuring the net pension liability, deferred outflows/inflows of resources, and pension

expense, information about the fiduciary net position of the Public Employees Retirement Association (PERA)

and additions to/deductions from PERA’s fiduciary net position have been determined on the same basis as they

are reported by PERA except that PERA’s fiscal year end is June 30. For this purpose, plan contributions are

recognized as of employer payroll paid dates and benefit payments and refunds are recognized when due and

payable in accordance with the benefit terms. Plan investments are reported at fair value. The net pension

liability is liquidated primarily by the General Fund and other funds that have personal services.

11. Other Post-Employment Benefits (OPEB)

For purposes of measuring the net OPEB liability, deferred outflows/inflows of resources, and OPEB expense,

information about the fiduciary net position and additions to/deductions from the fiduciary net position have

been determined through an actuarial valuation completed for the fiscal year ending December 31, 2019. The

net OPEB liability is liquidated primarily by the General Fund and other funds that have personal services.

12. Restricted Net Position/Fund Equity

Certain funds of the County are classified as restricted on the statement of net position because the restriction

is either imposed by law through constitutional provisions or enabling legislation or imposed externally by

creditors, grantors, contributors, or laws or regulations of other governments. Therefore, their use is limited by

applicable laws and regulations. These legal restrictions include:

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In the fund financial statements, governmental funds report restrictions of fund balance for amounts that are

not available for appropriation or are legally restricted by outside parties for use for a specific purpose.

Assignments of fund balance represent tentative management plans that are subject to change.

13. Estimates in Financial Statements

The preparation of financial statements in conformity with generally accepted accounting principles requires

management to make estimates and assumptions that affect the amounts reported in the financial statements

and accompanying notes. Actual results could differ from those estimates.

E. Change in Accounting Principle

During the year ended December 31, 2019, the County adopted new accounting guidance by implementing the

provisions of GASB Statement 84. GASB Statement No. 84, Fiduciary Activities, change the classification of certain

funds from Agency Funds to County Funds and Custodial Funds. As a result of this implementation, beginning net

positions originally classified as Agency Funds in the amount of $51,723,775 were redistributed to the General Fund

by $12,607,357 and the Investment Pool Custodial Fund by $13,877,255 reducing the Custodial Fund by $26,484,612.

In addition, the General Fund assumed liabilities of the Agency Fund in the amount of $1,928,526.

F. Change in Reporting Entity – Restructuring of Funds

During 2019, Ramsey County management determined the classification of Vadnais Sport Center activities should

be consolidated into the General Fund to consistently report for parks and recreation accounting. With this

movement, all parks and recreation activities are now consolidated into the General Fund. Along with the movement

of the Vadnais Sports Center, the activities associated with multi-modal planning have been reclassified from the

Regional Rail Special Revenue Fund to the General Fund. This movement reclassifies the activities associated with

multi-modal planning into the public works department.

The accounting for Missing Heirs was previously reflected in the private purpose trust funds for Ramsey County.

During 2019, management consolidated this fund to properly reflect the activity in the General Fund. This

adjustment increased the beginning fund balance in the General Fund by $489,474.

Debt Service 57,471,160$

Capital Projects 9,774,147

Environmental Response Fund 1,401,957

Criminal Forfeitures 1,617,659

Sanitation 31,038,565

Library 4,452,652

Parks and Recreation 799,242

Aggregate Pit Restoration 226,211

Technology 756,328

Affordable Housing 167,301

Donations for Various Purposes 523,235

Child Protection 6,063,064

Transportation 84,527,530

Other 13,175,579

Total $ 211,994,630

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II. RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS

A. Explanation of Certain Differences Between the Governmental Fund Balance Sheet and the Government-wide

Statement of Net Position

The governmental fund balance sheet includes reconciliation between fund balance – total governmental funds and

net position – governmental activities as reported in the government-wide statement of net position. One element

of that reconciliation explains that “long-term liabilities, including bonds payable, are not due and payable in the

current period and therefore are not reported in the funds.” The details of this $(406,096,694) difference are as

follows:

B. Explanation of Certain Differences Between the Governmental Fund Statement of Revenues, Expenditures,

and Changes in Fund Balances and the Government-wide Statement of Activities

The governmental fund statement of revenues, expenditures, and changes in fund balances includes reconciliation

between net changes in fund balances – total governmental funds and changes in net position of governmental

activities as reported in the government-wide statement of activities. One element of that reconciliation explains,

“Governmental funds report capital outlays as expenditures. However, in the statement of activities, the cost of

those assets is allocated over their estimated useful lives and reported as depreciation expense.” The details of this

$10,030,498 difference are as follows:

Another element of that reconciliation states that “the issuance of long-term debt (e.g. bonds) provides current

financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the

current financial resources of governmental funds. Neither transaction, however, has any effect on net position.

Also, governmental funds report the effect of premiums, discounts, and similar items when debt is first issued,

whereas these amounts are deferred and amortized in the statement of activities.” The details of this $ 5,800,058

difference are as follows:

Bonds and Notes Payable (174,177,000)$

Accrued Interest Payable (2,842,247)

Unamortized Premium on Bonds (11,240,950)

Estimated Payable for Outstanding Claims (4,938,067)

Compensated Absences Payable, Vacation, & Comp Time Payable (33,614,264)

Net Pension Liability (179,284,164)

Net Adjustment to Reduce Fund Balance – Total Governmental

Funds to Arrive at Net Position – Governmental Activities

(406,096,692)$

Capital Outlay 29,014,551$

Contribution of Business-type Activity Capital Assets 8,978,452

Depreciation Expense (27,962,505)

Net Adjustment to Increase Net Changes in Fund Balances – Total Governmental

Funds to Arrive at Changes in Net Position of Governmental Activities

10,030,498$

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Finally, the reconciliation states, “Some expenses reported in the statement of activities do not require the use of

current financial resources and, therefore, are not reported as expenditures in governmental funds.” The details of

this $8,943,203 difference are as follows:

III. STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY

A. Deficit Fund Equity

Lake Owasso Residence Proprietary Fund had a negative change in net position of $235 for the year, resulting in a

deficit net position of $7,979,275.

Ramsey County Care Center Proprietary Fund had a positive change in net position of $459,825 for the year because

the net effect of operating revenue at a higher rate than operating expenses, resulting in a deficit net position of

$14,530,737.

The Information Services Internal Service Fund had a negative change in fund balances of $6,169,542 for the year

because of the ongoing effect of the pension and OPEB changes are not reflected in the charge to each department,

resulting in a deficit net position balance of $1,538,169.

The Retiree Insurance Internal Service Fund had a positive change in net position of $19,478,808 for the year because

of the reduction in OPEB expense, resulting in a deficit net position of $186,915,728.

B. Budgetary Information

The County Board adopts an annual budget for certain Special Revenue Funds (Transit and Transportation

Improvement, County Library, Solid Waste/Recycling Service Fee, Emergency Communications, Regional Railroad

Authority, 4R Program, and Forfeited Property Management), and the County Debt Service Fund. These budgets are

prepared on the modified accrual basis of accounting.

Annual budgets are not adopted for the Capital Projects Fund, Regional Railroad Authority Capital Projects Fund,

and certain Special Revenue Funds. The budgets for these funds are approved at the time the project or budget is

Debt Issued or Incurred:

Issuance of General Obligation Bonds (10,600,000)$

Unamortized Premium on Sale of Bonds (999,942)

Principal Repayments:

General Obligation Debt 17,400,000

Net Adjustment to Increase Net Changes in Fund Balances – Total Governmental

Funds to Arrive at Changes in Net Position of Governmental Activities

5,800,058$

Compensated Absences 189,814$

Claims and Judgments 1,626,098

Accrued Interest 652,325

Amortization of Bond Premium 2,115,278

Offset Operating Transfers from Internal Service Funds 6,048,881

Inventory (Change From Consumption to Purchase Method) 425,117

Deferred Outflows of Pensions (31,434,933)

Net Pension Liability 1,188,971

Deferred Inflows of Pension 28,131,652

Net Adjustment to Increase Net Changes in Fund Balances - Total Governmental

Funds to Arrive at Changes in Net Position of Governmental Activities

8,943,203$

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initially authorized and overlap fiscal years. Other Special Revenue Funds are not budgeted. The following Special

Revenue Funds either have budgets that overlap the County’s fiscal year or are not budgeted: Housing and

Redevelopment Authority, Workforce Solutions, State Funding for Courts, State Public Defender, Gifts and

Donations, Sheriff, Corrections, Property Records, County Attorney, Health Promotion/Health Improvement, Parks

and Recreation, Care Center Patients’ Activity, and Law Library. The Capital Projects Fund, Regional Railroad

Authority Capital Projects Fund, and those Special Revenue Funds, whose budgets overlap fiscal years, are not

consistent with the County’s method of financial reporting; therefore, comparisons between the results of

operations and budgets in these funds are not relevant and are not presented.

Based on a process established by the County Manager and staff, all departments of the government submit requests

for appropriations to the County Manager every two years. After review, analysis and discussions with the

departments, the County Manager’s proposed budget is presented to the County Board for review. The Board holds

public hearings and a final budget must be prepared and adopted no later than December 31. The appropriated

budget is prepared by fund, function, and department. Budgets may be amended during the year with the approval

of the County Manager or County Board as required by the County’s Administrative Code. The County Manager is

authorized to transfer budgeted amounts within service teams and across service teams. Supplemental

appropriations are reviewed by the County Manager’s office and submitted to the County Board for their approval.

If approved, the adjustments are implemented by the Finance Department by budget revision. Supplemental

appropriations required during the year were immaterial. Expenditures may not legally exceed budgeted

appropriations at the department level. All appropriations, except the Capital Project Fund and Regional Railroad

Authority Capital Project Fund, which are not expended or encumbered, as described above, lapse at year end.

Encumbrance accounting is employed in governmental funds. Encumbrances (e.g., purchase orders, contracts,

capital reserves, and other commitments for the expenditure of monies) outstanding at year end do not constitute

expenditures or liabilities because the commitments will be re-appropriated and honored during the subsequent

year.

C. Tax Abatement

The County entered into a property tax abatement agreement with the developer, Land O’ Lakes, Inc., on April 12,

2016, under Minnesota Statute Sections 469.1812 through 469.1815, as amended. Under the statute a political

subdivision may grant a current or prospective abatement of property taxes if it expects the benefits to the political

subdivision of the proposed abatement agreement to at least equal the costs to the political subdivision of the

proposed agreement and it will provide benefits such as increasing or preserving the tax base or providing

employment opportunities in the county. The tax abatement will be for a period of 15 years effective in the years

2020 to 2034. The abatement will equal the property tax calculated on increased annual net tax capacity above the

base value established January 2, 2016, less the fiscal disparity taxes, to the extent received by the County as its

share of property taxes. The projected amount of the abatement is $1,376,099 over the 15-year period. The total

abatement amount cannot exceed $1,500,000. The developer agrees to construct and equip a 145,000 square foot

expansion to its corporate headquarters on the development property and create at least 200 new full-time jobs

paying wages no less than $18.00 per hour exclusive of benefits.

Tax Abatements – Pay-As-You-Go Tax Increment

The County is subject to tax abatements granted by Cities within the County pursuant to Minnesota Statute Sections.

469.174 to 469.179 (Tax Increment Financing) through a pay-as-you-go note program. Tax Increment Financing (TIF)

can be used to encourage private development, redevelopment, renovation and renewal, growth in low-to

moderate-income housing, and economic development within a City. TIF captures the increase in tax capacity and

property taxes (of all taxing jurisdictions, including the County) from development or redevelopment to provide

funding for the related project.

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The pay-as-you-go note provides for payment to the developer of the percentage of all tax increment received in

the prior six months. The payments reimburse the developer for certain public improvements. During 2019, there

were 71 pay-as-you-go notes within the County. The tax increment collections during 2019 associated with these

notes totaled $18,203,776. The County’s portion of the captured tax capacity and related property taxes was

approximately 36% or $6,553,359.

In the case of the County, TIF agreements of other local governments have resulted in reductions of the County

property tax revenues for the year ended December 31, 2019 as shown below:

Tax Abatement Program

Number of

Pay-As-You-

Go TIF

Taxes Abated

Impact to

Ramsey

County

Tax Increment Financing

City of:

Arden Hills 2 212,558$ 76,521$

Falcon Heights 2 219,199 78,912

Little Canada 1 156,790 56,444

Maplewood 5 5,342,230 1,923,203

Mounds View 1 1,604,465 577,607

North St Paul 3 295,734 106,464

Roseville 2 935,668 336,840

Shoreview 5 595,901 214,524

St Anthony 3 675,788 243,284 *

St Paul 33 7,616,239 2,741,846 *

St. Paul Port Authority 7 250,335 90,121 *

White Bear Lake 1 111,845 40,264

White Bear Township 4 207,146 74,573

Total 69 18,223,898$ 6,560,604$

* Information reported is 2018 data, information for 2019 not available.

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IV. DETAILED NOTES ON ALL FUNDS

A. Deposits and Investments

Reconciliation of County’s total cash and investments to the basic financial statements follows:

1. Deposits

Minnesota Statute Sections 118A.02 and 118A.04 authorize the County to designate a depository for public funds

and to invest in certificates of deposit. Minnesota Statute Section 118A.03 requires that all County deposits be

collateralized by insurance, surety bond, pledged securities, or a Federal Home Loan Bank (FHLB) Letter of Credit.

The market value of collateral pledged shall be at least ten percent more than the amount deposits exceed FDIC

insurance at the close of the financial institution’s banking day. If the collateral is an irrevocable standby letter of

credit issued by a FHLB, the amount of collateral shall be at least equal to the amount deposits exceed FDIC insurance

at the close of the financial institution’s banking day. Collateral must be held in safekeeping in a restricted account

at a Federal Reserve Bank, or in an account at a trust department of a commercial bank or other financial institution

that is not owned or controlled by the financial institution furnishing the collateral.

Authorized collateral includes, U.S. Treasury Bills, Notes and Bonds; issues of U.S. Government Agencies; general

obligation municipal securities rated “A” or better; revenue obligation municipal securities rated “AA” or better;

irrevocable standby letters of credit issued by a FHLB; and insured certificates of deposit.

Custodial Credit Risk - Deposits. Custodial credit risk for deposits is the risk that, in the event of a financial institution

failure, the County’s deposits may not be returned to it. County policy requires all deposits be collateralized per

statute. Depository balances are monitored to ensure deposit protection meets or exceeds the statutory

requirements of Minnesota Statute Section 118A.03. On December 31, 2019, the County’s bank deposit balance was

$39,565,724. All bank deposit balances were collateralized by either federal deposit insurance, an irrevocable stand-

Government-Wide

Governmental Activities

Cash and Pooled Investments $ 567,381,916

Restricted Cash and Cash Equivalents 16,000

Petty Cash and Change Funds 22,805

Business-Type Activities

Cash and Pooled Investments 2,086,697

Petty Cash and Change Funds 825

Cooperative Investment 57,645

Fiduciary Funds

OPEB Trust Fund Investments with Trustee 87,769,678

Private Purpose Trust Funds 99,867

Investment Trust Funds 10,095,696

Custodial Funds 34,459,234

Cash and Investments

$ 701,990,363

Deposits $ 33,764,660

Investments 580,374,750

OPEB Trust Fund Investments with Trustee 87,769,678

Cooperative Investment

57,645

Petty Cash and Change Funds 23,630

Total Cash and Investments $ 701,990,363

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by letter of credit from a FHLB bank, or pledged securities held by an agent in the County’s name. The County’s

deposits were not exposed to custodial credit risk.

2. Investments

The County invests pooled cash in compliance with Minnesota Statutes and in accordance with the County’s

Investment Policy. The County’s investments were in full compliance with Minnesota Statutes and the Investment

Policy in 2019.

Minnesota Statute Sections 118A.04 and 118A.05 generally authorize the following types of investments as

available to the County:

(a) securities which are direct obligations or are guaranteed or insured issues of the United States, its agencies,

or instrumentalities, or organizations created by an act of Congress, except mortgage-backed securities

defined as “high risk” by MN. Statute 118A.04, Subd. 6. The securities are rated AA+/Aaa by Standard & Poor’s

and Moody’s respectfully;

(b) mutual funds through shares of registered investment companies provided the mutual fund receives certain

ratings depending on its investments;

(c) general obligations of the State of Minnesota and its municipalities, and in certain state agency and local

obligations of Minnesota and other states provided such obligations have certain specified bond ratings by a

national bond rating service. The securities need to be rated A or better by a national bond rating agency;

(d) insured certificates of deposit and bankers’ acceptances of United States banks;

(e) commercial paper issued by United States corporations or their Canadian subsidiaries that is rated in the

highest quality category by two nationally recognized rating agencies and matures in 270 days or less; and

(f) with certain restrictions, in repurchase agreements, securities lending agreements, joint powers investment

trusts, and guaranteed investment contracts.

The County’s investment policy addresses the following risks:

Interest Rate Risk. In accordance with its investment policy, the County manages exposure to fair value losses that

might be caused by increasing interest rates by limiting the average life of the portfolio to five years. The County

manages investment maturities to provide the liquidity and cash flow needed and avoid selling securities prior to

maturity. It is the County’s general practice to hold investments to maturity. Excluding the OPEB trust and short-

term deposits, on December 31, 2019, the remaining investment portfolio had an average market yield of 1.99%, an

average life of 1.40 years, and an effective duration of 1.60 years.

Ramsey County has adopted a simulation model of reporting its investments and their sensitivity to fluctuations in

interest rates to comply with GASB Statement No. 40, Deposit and Investment Risk Disclosures. As presented in the

table below, assumptions are made that interest rate changes of 50, 100, 150, and 200 basis points occur on

December 31, 2019.

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Credit Risk. Credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the

investment. It is the County’s policy to invest only in security types that are allowed by State Statute and which meet

the ratings requirements set forth in State Statute. Credit risk is measured by the assignment of a rating by a

nationally recognized statistical rating organization. In compliance with State Statute and the County’s Investment

Policy, the County held the following security types and ratings on December 31, 2019: U.S Government and Agency

securities rated AA+ by Standard and Poor’s and Aaa by Moody’s, state and local government general obligation

bonds rated “A” or better, FDIC Insured Certificates of Deposit, and Money Market Funds rated AAA by S&P and Aaa

by Moody’s.

Concentration of Credit Risk. The County’s Investment Policy requires a well-diversified portfolio to minimize the risk

of losses due to an over-concentration of assets in any type of security, specific issuer, or specific maturity. Policy

allows U.S. Treasury securities to be held without limit and places limits on holdings of non-Treasury issuers as

follows: U.S. Government Agency bonds up to 60%, Structured Agency Notes up to 30% with no inverses, Agency

Mortgage Pass-Thru’s up to 30%, Agency CMO’s up to 30%, Municipal Bonds up to 30%, and Bankers Acceptances

up to 50%. County policy regarding Agency Discount Notes, Commercial Paper, Certificates of Deposits, Repurchase

Agreements, and Guaranteed Investment Contracts is consistent with Minnesota Statute Section 118A. County

policy does not allow the use of Reverse Repurchase Agreements, Options, or Futures Contracts. As of December

31, 2019, the County did not hold more than 5 percent of its portfolio in any one issuer, excluding investment pools

and securities issued by the federal government or federal government agencies.

Custodial Credit Risk - Investments. The custodial credit risk for investments is the risk that, in the event of the failure

of the counterparty to a transaction, the County will not be able to recover the value of investment or collateral

securities that are in the possession of an outside party. Ramsey County’s Investment Policy states all securities

purchased by the County shall be held in the County’s name by a third-party safekeeping agent appointed as

custodian, consistent with Minnesota Statute Section 118A.06. All security transactions entered into by the County,

with the exception of money market mutual funds, fixed income mutual funds, and repurchase agreements, are

conducted on a delivery versus payment basis. As of December 31, 2019, the County’s investment securities were

not exposed to custodial credit risk.

Ramsey County: +50 Basis Pts +100 Basis Pts +150 Basis Pts +200 Basis Pts

U.S. Treasury Notes $110,335,510 $ 109,469,080 $ 108,614,350 $ 107,771,780

U.S. Treasury Bills 19,968,700 19,960,500 19,952,200 19,944,000

U.S. Agency Securities:

Federal Home Loan Bank 69,464,200 68,873,250 68,173,950 67,438,600

Federal Home Loan Mtg. Corp. 79,491,508 78,483,667 77,361,738 76,196,326

Federal National Mtg. Assn. 29,872,200 29,769,850 29,666,850 29,564,350

Federal Farm Credit 74,398,300 73,640,050 72,809,500 71,952,300

Certificates of Deposit 17,903,155 17,809,856 17,716,805 17,624,438

Federal Discount Notes 9,995,800 9,994,500 9,993,300 9,992,000

Municipal Bonds 23,285,478 23,140,211 22,995,722 22,852,682

Money Market Fund 142,700,000 142,700,000 142,700,000 142,700,000

Total Investments $577,414,851 $ 573,840,964 $ 569,984,415 $ 566,036,476

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The County’s exposure to credit risk, concentration of credit risk, and custodial credit risk as of December 31, 2019,

is as follows:

The County measures and categorizes its investments using fair value guidelines as established by generally accepted

accounting principles. A fair value hierarchy is used to place investments into one of three categories based upon

the method used to determine the fair value of the investment. The guidelines recognize a three-tiered hierarchy

as follows; Level 1 - Fair value determined by using prices quoted for identical securities in active markets; Level 2 -

Fair value determined by using significant other observable inputs, this might include quoted prices for similar

securities in active markets; and Level 3 - Fair value determined using significant unobservable inputs, this primarily

includes securities that do not have active markets.

For the County’s investments, the U.S. Treasury Securities classified in Level 1 are valued using a market approach

with prices quoted in active markets for those securities. U.S. Government Agencies, Municipal Bonds, and

Certificates of Deposit classified as Level 2 are valued using a market approach with prices quoted for similar

securities in active markets.

County investments not subject to the fair value hierarchy according to guidelines include money market funds

measured at Net Asset Value (NAV), collateralized bank deposits measured at amortized cost, and external

investment pools measured at fair value per share of the underlying portfolio. The County invests in money market

funds measured at NAV and which seek a constant value of $1.00 per share. The money market funds used by the

County offer daily liquidity allowing the County to invest or withdraw funds daily. Money market funds are used to

invest short-term and manage cash flows for daily operating activities. The County also invests in three external

investment pools managed by the Minnesota State Board of Investments (SBI). The fair value of these investment

pools is the fair value per share of the underlying portfolio. As of December 31, 2019, the investment pools held

included $17,131,277 in the Fixed Income Pool, $7,122,328 in the Cash Pool, and $63,516,073 in the Equity Pool.

These investments are funds in an irrevocable trust, established under Minnesota Statute Section 471.6175, to pay

for future other post-employment benefits (OPEB). These pools require a five-day notice for withdrawals. The

County can invest in these external pools managed by SBI due to the additional investment authority authorized

under Minnesota Statute Section 471.6175 and does so to potentially participate in the higher historical returns and

to benefit OPEB liability reporting on financial statements.

Securities by Type: Rating Agency Credit Risk

Custody

Credit Risk

Par Fair Value

% of Total

Fair Value

Portfolio

U.S. Treasury Securities:

Treasury Notes Custody (a) 111,000,000$ 111,214,300$ 16.65%

Treasury Bills

Custody (a) 20,000,000 19,976,900

2.99%

U.S. Government Agency Securities:

Federal Home Loan Bank Custody (a) 70,000,000 69,896,550 10.46%

Federal Home Loan Mtg. Corp. Custody (a) 80,350,000 80,208,849 12.00%

Federal National Mtg. Assn. Custody (a) 30,000,000 29,963,850 4.48%

Federal Farm Credit Custody (a) 75,000,000 74,990,450 11.22%

Certificates of Deposit N/A Not Rated N/A 17,885,000 17,997,467 2.69%

Federal Discount Notes S&P / Moody's AA+ / Aaa Custody (a) 10,000,000 9,997,100 1.50%

OPEB Trust Investments N/A Not Rated Custody (c) 49,484,331 87,769,678 13.14%

Municipal Bonds S&P / Moody's A or better Custody (a) 23,290,000 23,429,284 3.51%

Money Market Fund S&P / Moody's AAA/Aaa N/A 142,700,000 142,700,000 21.36%

Total Investments

629,709,331$ 668,144,428$ 100.00%

(a) Securities held in custody are in Ramsey County's name.

(b) FDIC insured

(c) Pooled investments managed and held in custody by the Minnesota State Board of Investments.

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As of December 31, 2019, the County investments had the following recurring fair value measurements and

hierarchy levels:

B. Receivables

The receivables are expected to be collected within one year, except for the loans receivable and notes receivable.

Business-Type Activities receivables reflect an allowance for doubtful accounts in the amount of $347,811.

Direct financing leases:

PEDESTRIAN CONNECTION

Using loan funds obtained through an agreement with the Minnesota Public Facilities Authority, the County built a

pedestrian connection from the RiverCentre complex to the core downtown St. Paul area. Under an agreement with

the City of St. Paul, the City is required to make lease payments to the County in an amount equal to 105% of the

loan payments due from the County to the Minnesota Public Facilities Authority.

The City is responsible for the operation and maintenance of the pedestrian connection. At the expiration of the

term of the lease in the year 2030, the connection will become the sole property of the City. As a result, the

pedestrian connection is not included in the County’s capital assets.

Investment Type 12/31/2019 Level 1 Level 2 Level 3

Investments by Fair Value Level:

Debt securities

U.S. Treasury Notes 111,214,300$ 111,214,300$ -$ -$

U.S. Treasury Bills 19,976,900 19,976,900 - -

Federal Home Loan Bank Discount Notes 9,997,100 - 9,997,100 -

Federal Home Loan Bank 69,896,550 - 69,896,550 -

Federal Farm Credit 74,990,450 - 74,990,450 -

Federal National Mortgage Association 29,963,850 - 29,963,850 -

Federal Home Loan Mortgage Corporation 80,208,849 - 80,208,849 -

Municipal Bonds 23,429,284 - 23,429,284 -

Certificates of Deposit 17,997,467 - 17,997,467 -

Total investments measured at Fair Value 437,674,750$ 131,191,200$ 306,483,550$ -$

Investments Measured at Net Asset Value (NAV) or Amortized Cost:

Money Market Fund 142,700,000

State Board of Investment External Pools 87,769,678

Total investments measured at Net Asset Value (NAV) 230,469,678

Total Investments 668,144,428$

Fair Value Measurement Using

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Terms of the lease are as follows:

REGIONS HOSPITAL

The lease agreement granted Regions Hospital use of the property through December, 2046 under the condition

that it (i) provide care to the indigent of Ramsey County throughout the lease term; (ii) pay all taxes, utilities,

maintenance, and insurance costs with respect to the property; (iii) use its best efforts to continue providing, and

consult with the Ramsey County Board of Commissioners before discontinuing, its major or unique services, including

but not limited to the trauma center, burn unit, graduate medical education, and research services; and (iv) not

assign the lease to a for-profit corporation.

The property leased is classified as a capital lease and is not included in the County’s capital assets. The lease requires

that a minimum dollar amount of indigent care be provided to Ramsey County residents. In the event the value of

charity care does not meet the lease requirement, the Hospital can fulfill the obligation by making capital

improvements to the hospital property. The value of charity care is reduced by Ramsey County’s direct cash support,

if any.

Year Ended December 31 Lease Receivable

2020 $ 390,363

2021 390,849

2022 390,977

2023 390,745

2024 390,155

2025 - 2029 1,948,813

2030 385,355

4,287,257

Less Interest

(795,257)

Present Value of Lease

Receivable

$ 3,492,000

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C. Capital Assets

Capital asset activity for the year ended December 31, 2019, was as follows:

Beginning Balance Adjustments Increases Decreases Ending Balance

Governmental Activities:

Capital Assets not Being Depreciated:

Land 151,714,186$ 1,770,080$ 601,803$ -$ 154,086,069$

Construction in Progress 57,101,392 - 5,808,650 (5,698,877) 57,211,165

Total Capital Assets, not Being Depreciated 208,815,578 1,770,080 6,410,453 (5,698,877) 211,297,234

Capital Assets, Being Depreciated:

Buildings 477,116,458 8,047,382 - - 485,163,840

Buildings Improvements 46,689,507 - 4,857,732 - 51,547,239

Improvements Other Than Buildings 60,132,464 - 117,484 - 60,249,948

Machinery and Equipment 81,811,894 85,442 8,326,233 (13,769,870) 76,453,699

Computer Software 13,507,930 - - - 13,507,930

Infrastructure 494,516,873 - 22,476,526 (3,365,072) 513,628,327

Total Capital Assets Being Depreciated 1,173,775,126 8,132,824 35,777,975 (17,134,942) 1,200,550,983

Less Accumulated Depreciation for:

Buildings (136,975,418) (737,677) (9,891,771) - (147,604,866)

Buildings Improvements (31,732,399) - (3,139,036) - (34,871,435)

Improvements Other Than Buildings (39,532,086) - (2,116,372) - (41,648,458)

Machinery and Equipment (60,037,073) (41,413) (5,715,535) 12,718,284 (53,075,737)

Computer Software (10,400,357) - (793,011) - (11,193,368)

Infrastructure (270,765,003) - (10,387,028) 2,935,267 (278,216,764)

Total Accumulated Depreciation (549,442,336) (779,090) (32,042,753) 15,653,551 (566,610,628)

Total Capital Assets Being Depreciated, Net 624,332,790 7,353,734 3,735,222 (1,481,391) 633,940,355

Governmental Activities Capital Assets, Net 833,148,368$

$ 9,123,814

10,145,675$ (7,180,268)$

$ 845,237,589

Business-type activities:

Capital Assets not Being Depreciated:

Land 1,877,153$ (1,770,080) -$ -$ 107,073$

Capital Assets, Being Depreciated:

Buildings 16,488,090 (8,047,382) - - 8,440,708

Buildings Improvements 3,696,531 - - - 3,696,531

Improvements Other Than Buildings 1,537,677 - - - 1,537,677

Machinery and Equipment 2,502,473 (85,442) 456,217 (27,921) 2,845,327

Total Capital Assets Being Depreciated 24,224,771 (8,132,824) 456,217 (27,921) 16,520,243

Less Accumulated Depreciation for:

Buildings (6,959,983) 737,677 (211,603) - (6,433,909)

Buildings Improvements (2,497,470) - (128,210) - (2,625,680)

Improvements Other Than Buildings (1,141,269) - (61,372) - (1,202,641)

Machinery and Equipment (1,726,992) 41,413 (325,749) 23,920 (1,987,408)

Total Accumulated Depreciation (12,325,714) 779,090 (726,934) 23,920 (12,249,638)

Total Capital Assets Being Depreciated, Net 11,899,057 (7,353,734) (270,717) (4,001) 4,270,605

Business-Type Activities Capital Assets, Net 13,776,210$ (9,123,814)$ (270,717)$ (4,001)$ 4,377,678$

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The adjustment column above reflects the reclassification of Vadnais Sports Center.

Depreciation expense was charged to functions / programs as follows:

Construction and Other Significant Commitments

The government has active construction projects as of December 31, 2019. The projects include widening and

construction of existing streets and bridges, and the development of the TCAAP property held for resale. At year-

end the government’s commitments with contractors are as follows:

The remaining commitment amount for the Road and Bridge Construction was encumbered at fiscal year-end.

Encumbrances. As discussed in Note III. C., encumbrance accounting is utilized to the extent necessary to assure

effective budgetary control and accountability and to facilitate effective cash planning and control. At year-end, the

number of encumbrances expected to be honored upon performance by the vendor in the next year were as follows:

Governmental Activities:

General Government 2,592,211$

Public Safety 3,916,142

Transportation, including depreciation of infrastructure assets 14,562,457

Health 134,120

Sanitation 56,442

Human Services 421,072

Culture and Recreation 6,230,260

Conservation of Natural Resources 6,821

Economic Development and Assistance 42,980

Capital assets held by the County's Internal Service funds are

charged to the various functions based on their usage of the assets 4,080,248

Total Depreciation Expense - Governmental Activities 32,042,753$

Business-Type Activities:

Lake Owasso Residence 188,605

Ramsey County Care Center 271,344

Law Enforcement Services 266,985

Total Depreciation Expense - Business-Type Activities 726,934$

Project Spent-to-date

Remaining

Commitment

Road and Bridge Construction 42,297,673$ 13,650,202$

Twin Cities Army Ammunition Plant (TCAAP) 43,787,782 -

General Fund 4,078,222$

Capital Projects Fund 23,500,388

Nonmajor Governmental Funds 1,818,687

Total

29,397,297$

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D. Interfund Receivables, Payables, and Transfers

The composition of interfund balances as of December 31, 2019, is as follows:

Due to/from other funds:

The outstanding balances between funds result mainly from time lag between the dates that (1) interfund goods

and services are provided or reimbursable expenditures occur (2) transactions are recorded in the accounting

system, and (3) payments between funds are made.

Advances are usually loans that are outstanding more than one year.

Advances to/from other funds:

These balances are primarily working capital loans made to other funds and are not scheduled to be paid back in the

subsequent year.

Interfund transfers:

The total governmental and proprietary funds transfers in is $33,968,456, the total governmental and proprietary

funds transfer out is $42,946,908. The variance of $8,978,452 is capital asset transfer from an enterprise fund to

governmental activities of ($9,079,785) and an assumption of liabilities for compensated absences and pension of

($101,333) by governmental activities from an enterprise fund.

Receivable Fund Payable Fund Amount

General Fund Nonmajor Governmental Funds 197,269$

Nonmajor Governmental Funds General Fund 884,193

Nonmajor Governmental Funds Nonmajor Governmental Funds 115,689

Total 1,197,151$

Receivable Fund Payable Fund Amount

General Fund Debt Service Fund 378,206$

Capital Projects Fund 33,269,564

Nonmajor Governmental Funds 4,500,000

Debt Service Fund Lake Owasso Residence 378,206

Ramsey County Care Center 541,353

Capital Projects Fund General Fund 7,680,000

Total 46,747,329$

General

Debt

Service

Capital

Projects

Lake Owasso

Residence

Enterprise

Ramsey

County

Care

Center

Enterprise

Vadnais

Sports

Center

Enterprise

Nonmajor

Governmental

Internal

Service

Total

Transfers in

General Fund -$ -$ 3,056,478$ 1,475,048$ 189,913$ 8,032,589$ 87,249$ 6,873,370$ 19,714,647$

Capital Projects Fund 2,050,909 445 - - - - - - 2,051,354

Nonmajor Governmental 10,277,302 - - - - - 909,523 - 11,186,825

Vadnais Sports Center 1,750 - - - 44,029 45,779

Internal Service Funds

500,000 - - - - 368,518 - - 868,518

Total transfers in

12,829,961$ 445$ 3,056,478$ 1,475,048$ 189,913$ 8,401,107$ 996,772$ 6,917,399$ 33,867,123$

Transfers out

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Transfers are used to move revenues from one fund to another fund to finance various programs accounted for in

other fund.

E. Leases Payable

Operating Leases

The County leases real estate and equipment under leases expiring at various dates through 2030. Total costs for

such leases were $3,437,418 for year ended December 31, 2019. The future minimum lease payments for these

leases are as follows:

F. Sick Leave, Vacation, and Compensatory Time

Under the County’s personnel policies and union contracts, County employees are granted vacation and sick leave

in varying amounts based on length of service. Certain employees are also granted compensatory time. Unused

accumulated vacation, vested sick leave, and compensatory time are paid to employees upon termination. Each

permanent employee earns up to 25 days of vacation leave and 15 days of sick leave per year.

G. Unearned Revenue / Deferred Inflows of Resources

Governmental funds report unearned revenue and deferred inflows of resources in connection with receivables for

revenues that are not considered to be available to liquidate liabilities of the current period. Governmental funds

also defer revenue recognition in connection with resources that have been received, but not yet earned. At the end

of the current fiscal year, the various components of unearned revenue and deferred inflows of resources reported

in the governmental funds were as follows:

H. Long-term Obligations

General Obligation Bonds and Notes

The County typically issues general obligation bonds and notes to provide funding of major capital projects. Bonds

and notes have been issued for both governmental- and business-type activities. As of December 31, 2019, the

outstanding amount of general obligation bonds and notes issued in years prior to 2019 was $164,877,000. During

Year Ended December 31 Lease Payable

2020 $ 3,550,263

2021 3,261,733

2022 2,341,988

2023 1,495,101

2024 967,671

2025 - 2029 2,112,466

2030 - 2035 206,113

$ 13,935,335

Unavailable Unearned

Delinquent Property Taxes Receivable 4,121,863$ -$

Receivables that do not Provide Current

Financial Resources

32,565,589 -

Loans Receivable 14,872,584 -

Forfeited Tax Sale Accounts Receivable 3,527,569 -

Notes Receivable 8,910,625 -

Grant Drawdowns Prior to Meeting Eligibility

Requirements

- 2,921,296

Total 63,998,230$ 2,921,296$

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2019, general obligation bonds totaling $10,600,000 were issued to provide funding for projects in the County’s 2019

Capital Improvement Program budget.

The County’s outstanding long-term debt includes one direct placement note related to governmental activities in

the amount of $3,492,000. In 2001, the County entered into a Transportation Revolving Loan Fund Agreement with

the Minnesota Public Facilities Authority, evidenced by the directly placed note, to finance a portion of the costs of

an underground pedestrian connection between the RiverCentre complex and the existing skyway system in

Landmark Towers in the City of Saint Paul. The note is a general obligation of the County but is payable primarily

from rental payments made by the City of Saint Paul to the County pursuant to a facility lease.

The County has no other outstanding directly placed debt or direct bank loans. None of the County’s outstanding

debt issues contain terms related to significant (1) events of default with finance-related consequences, (2)

termination events with finance-related consequences, or (3) subjective acceleration clauses. The County does not

have any open or outstanding lines of credit and does not have any assets pledged as collateral for any debt

obligation.

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The following is a list of the long-term debt transactions of the County for the year ended December 31, 2019:

Internal Service funds predominantly serve the governmental funds. Accordingly, long-term liabilities for them are

included as part of the above totals for governmental activities. Also, for the governmental activities, claims and

judgments and compensated absences are generally liquidated by the General Fund.

Payable

January 1

Additions Deductions

Payable

December 31

Due Within

One Year

GOVERNMENTAL ACTIVITIES:

General Obligation Bonds 177,225,000$ 10,600,000$ 17,140,000$ 170,685,000$ 18,645,000$

Direct Placement Note 3,752,000 - 260,000 3,492,000 265,000

Premium/Discount 12,356,286 999,942 2,115,278 11,240,950 2,103,733

Total General Obligation Bonds and

Notes Payable 193,333,286 11,599,942 19,515,278 185,417,950 21,013,733

Claims and Judgments Payable

Governmental Funds 6,683,519 2,348,494 3,901,714 5,130,299 4,475,722

Compensated Absences:

Governmental Funds 33,743,316 20,919,046 21,048,097 33,614,265 19,329,865

Internal Service Funds:

Information Services 925,987 576,485 515,975 986,497 566,643

General County Buildings 782,890 605,819 449,466 939,243 446,521

Fleet Services 267,384 197,601 151,938 313,047 188,537

Total Compensated Absences 35,719,577 22,298,951 22,165,476 35,853,052 20,531,566

Governmental Activities Long-term Liabilities 235,736,382$ 36,247,387$ 45,582,468$ 226,401,301$ 46,021,021$

BUSINESS-TYPE ACTIVITIES:

General Obligation Bonds:

Enterprise Funds:

Lake Owasso Residence 560,000$ -$ 275,000$ 285,000$ 285,000$

Ramsey Care Center 1,120,000 - 105,000 1,015,000 110,000

Premium/Discount 169,584 - 38,049 131,535 19,979

Total General Obligation Bonds 1,849,584 - 418,049 1,431,535 414,979

Compensated Absences:

Enterprise Funds:

Lake Owasso Residence 853,720 354,142 408,926 798,936 560,775

Ramsey Care Center 1,108,818 608,862 649,482 1,068,198 565,540

Vadnais Sports Center 60,764 - 60,764 - -

Law Enforcement Services 523,828 392,754 347,613 568,969 568,969

Total Compensated Absences 2,547,130 1,355,758 1,466,785 2,436,103 1,695,284

Business-Type Activities Long-term Liabilities 4,396,714$ 1,355,758$ 1,884,834$ 3,867,638$ 2,110,263$

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Long-term debt payable at December 31, 2019, comprises the following individual issues:

COUNTY GENERAL OBLIGATION DEBT:

$6,950,000 General Obligation Capital Improvement Plan Refunding Bonds, Series 2010A, due in annual

installments of $510,000 to $955,000 through February 1, 2021 - interest rate at 2.37% 1,035,000$

$18,500,000 General Obligation Capital Improvement Plan Bonds, Series 2011A, due in annual installments

of $390,000 to $1,195,000 through February 1, 2031 - interest rate at 3.41% 12,085,000

$37,765,000 General Obligation Capital Improvement Plan Refunding bonds, Series 2011B, due in annual

installments of $2,985,000 to $6,285,000 through February 1, 2022 - interest at 1.32% 9,585,000

$18,500,000 General Obligation Capital Improvement Plan Bonds, Series 2012A, due in annual installments

of $195,000 to $1,205,000 through February 1, 2032 - interest rate at 2.72% 12,820,000

$13,185,000 General Obligation Capital Improvement Plan Refunding Bonds, Series 2012B, due in annual

installments of $225,000 to $1,635,000 through February 1, 2023 - interest at 1.30% 5,940,000

$3,155,000 General Obligation State Aid Street Refunding Bonds, Series 2012C, due in annual

installments of $165,000 to $240,000 through February 1, 2028 - interest at 1.98% 2,015,000

$22,700,000 General Obligation Capital Improvement Plan Bonds, Series 2013A, due in annual installments

of $365,000 to $2,815,000 through February 1, 2033 - interest rate at 2.41% 15,120,000

$12,000,000 Taxable General Obligation Capital Improvement Plan Bonds, Series 2013B, due in annual

installments of $510,000 to $810,000 through February 1, 2033 - interest rate at 3.23% 9,310,000

$5,680,000 General Obligation Library Refunding Bonds, Series 2014A, due in annual installments of $445,000

to $685,000 through February 1, 2024 - interest rate at 1.84% 3,145,000

$9,500,000 Taxable General Obligation Capital Improvement Plan Bonds, Series 2014B, due in annual

installments of $370,000 to $630,000 through February 1, 2034 - interest rate at 3.52% 7,435,000

$3,300,000 General Obligation Library Bonds, Series 2014C, due in annual installments of $30,000 to $245,000

through February 1, 2034 - interest rate at 3.05% 2,840,000

$6,870,000 General Obligation Capital Improvement Plan Refunding Bonds, Series 2014D, due in annual

installments of $555,000 to $800,000 through February 1, 2024 - interest rate at 1.82% 3,735,000

$3,500,000 General Obligation Capital Improvement Plan Bonds, Series 2015A, due in annual installments

of $255,000 to $835,000 through February 1, 2025 - interest rate at 1.69% 1,880,000

$14,445,000 General Obligation Library Bonds, Series 2015B, due in annual installments of $510,000 to

$1,025,000 through February 1, 2035 - interest rate at 2.78% 12,850,000

$17,900,000 General Obligation Solid Waste Facility Revenue Bonds, Series 2016A, due in annual

installments of $505,000 to $1,000,000 through February 1, 2041 - interest rate at 2.92% 16,350,000

$5,435,000 General Obligation Capital Improvement Plan Bonds, Series 2016B, due in annual installments

of $200,000 to $715,000 through February 1, 2026 - interest rate at 1.38% 4,425,000

$15,825,000 General Obligation Capital Improvement Plan Refunding Bonds, Series 2016C, due in annual

installments of $1,075,000 to $2,030,000 through February 1, 2027 - interest rate at 1.38% 10,960,000

$11,200,000 General Obligation Capital Improvement Plan Bonds, Series 2018A, due in annual installments

of $365,000 to $840,000 through February 1, 2038 - interest rate at 2.92% 10,540,000

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Annual Requirement to Amortize Long-Term Debt

The annual requirements to amortize all long-term debt outstanding as of December 31, 2019, carrying interest rates

of 1.30% to 3.59% are:

The County is subject to Minnesota Statute Section 475.53, Subd. 1, which limits the amount of bonded debt

(exclusive of revenue bonds) that the County may have outstanding to 3% of the estimated market value of property

within the County. At December 31, 2019, the statutory limit for the County was $1,611,005,115. The County’s

outstanding debt applicable to this limit was $120,888,115, providing a debt margin of $1,490,117,000.

There is $57,471,160 available in the Debt Service Fund to service the General Obligation Bonds and Notes Payable.

There may be limitations and restrictions contained in the various bond indentures. The County is in compliance

with all significant limitations and restrictions.

The County’s proportionate share of debt at December 31, 2019, of all local governmental units which provide

services within the County’s boundaries, and which must be borne by properties in the County, is summarized below:

$8,750,000 General Obligation Library Refunding Bonds, Series 2018B, due in annual installments of $405,000

to $975,000 through February 1, 2029 - interest rate at 2.49% 8,345,000

$11,280,000 General Obligation Capital Improvement Plan Refunding Bonds, Series 2018C, due in annual

installments of $265,000 to $1,430,000 through February 1, 2030 - interest rate at 2.57% 10,970,000

$10,600,000 General Obligation Capital Improvement Plan Bonds, Series 2019A, due in annual installments

of $320,000 to $950,000 through February 1, 2039 - interest rate at 3.00% 10,600,000

Total General Obligation Bonds 171,985,000

Direct Placement Note:

$6,872,000 General Obligation Note Pedestrian Connection, Series 2001, due in annual installments of

$150,000 to $372,000 through August 20, 2030 - interest rate at 3.59% 3,492,000

Total General Obligation Debt 175,477,000$

Years Ending

December 31

Principal Interest Principal Interest Principal Interest

2020 18,645,000$ 6,261,624$ 265,000$ 125,363$ 395,000$ 46,725$

2021 17,705,000 5,416,719 275,000 115,849 115,000 33,975

2022 17,385,000 4,630,047 285,000 105,977 120,000 28,100

2023 15,350,000 3,942,462 295,000 95,745 125,000 21,975

2024 11,830,000 3,412,132 305,000 85,155 130,000 15,600

2025-2029 50,320,000 10,953,692 1,695,000 253,813 415,000 14,575

2030-2034 28,175,000 3,841,037 372,000 13,355 - -

2035-2039 9,305,000 957,659 - - - -

2040-2041 1,970,000 62,406 - - - -

Total 170,685,000$ 39,477,778$ 3,492,000$ 795,257$ 1,300,000$ 160,950$

Governmental Activities

Business-type Activities

Note from Direct Placement

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I. Net Position

Net position in the government-wide and proprietary fund financial statements is classified in the following

categories:

Net investment in capital assets is the amount of net position representing capital assets net of accumulated

depreciation and reduced by outstanding debt attributed to the acquisition, construction, or improvement of the

assets.

Restricted net position is the amount of net position for which external restrictions have been imposed by creditors,

grantors, contributors, or laws or regulations of other governments, and restrictions imposed by law through

constitutional provisions or enabling legislation.

Unrestricted net position is the amount of net position that does not meet the definition of restricted or net

investment in capital assets.

J. Fund Balances

In the fund financial statements, fund balance is divided into five classifications based primarily on the extent to

which the County is bound to observe constraints imposed upon the use of the resources reported in governmental

funds. These classifications are as follows:

Nonspendable is the amount of fund balance that cannot be spent because it is either not in spendable form or is

legally or contractually required to be maintained intact. The “not in spendable form” criterion includes items that

are not expected to be converted directly into cash and includes items such as inventory and advances.

Restricted is the amount of fund balance subject to external constraints imposed by creditors (such as through debt

covenants), grantors, contributors, laws or regulations of other governments or constraints imposed by law through

constitutional provisions and enabling legislation.

Committed is the amount of fund balance that can be only used for the specific purposes imposed by formal action

(resolution) of the County Board. Those committed amounts cannot be used for any other purpose unless the Board

Outstanding

Percentage

Applicable to

the County

County's Share of

Debt

Direct Debt

Ramsey County 185,417,950$ 100.0% 185,417,950$

Overlapping Debt

Cities 27,198,047 19.5% 5,226,085

School Districts 492,790,000 55.4% 270,167,865

Other 265,680,000 14.5% 38,523,600

Underlying Debt

Cities and Towns 220,433,158 100.0% 220,433,158

School Districts 880,420,000 100.0% 880,420,000

Other 48,995,000 100.0% 48,995,000

TOTAL 2,120,934,155$ 1,649,183,658$

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removes or changes the specified use by taking the same type of action (resolution) it employed to previously

commit those amounts.

Assigned is the amount of fund balance the County intends to use for specific purposes but does not meet the criteria

to be classified as “restricted” or “committed.” In governmental funds other than the General Fund, assigned fund

balance represents the remaining amount that is not restricted or committed. In the General Fund, assigned

amounts represent intended uses established by the County Board. The County Board has also adopted a fund

balance policy that delegates authority to assign fund balance to the County Manager.

Unassigned is the residual classification for the General Fund and includes all spendable amounts not contained in

the other fund balance classifications. In other governmental funds, the unassigned classification is used only to

report a deficit balance resulting from overspending for specific purposes for which amounts have been restricted,

committed, or assigned.

Minimum Fund Balance Policy

The Minnesota State Auditor’s Office recommends that local governments determine, establish and maintain a

desired minimum level of unrestricted fund balance of their governmental funds that is enough to provide cash flow

until the first tax collections are received, to support self-insurance activities, and fund legal obligations that will be

paid out of cash at a later date. Also, local governments need to maintain a prudent level of financial resources to

protect against a forced service level reduction or having to raise taxes or fees because of unpredicted one-time

expenditures. Ramsey County’s policy follows the State Auditor’s recommendation as stated above. Accordingly,

Ramsey County policy requires 1) maintain an unrestricted General Fund fund balance of no more than 50% of

current year revenues, current year expenditures, or the subsequent year’s operating budget; 2) maintain an

unassigned General Fund fund balance of no less than two months of the subsequent year’s budget; 3) commit and

transfer any unrestricted General Fund fund balance more than the 50% threshold to the Capital Projects Fund.

Policy on Unassigned Fund Balance Process

The County’s unassigned General Fund fund balance will be maintained to provide the County with sufficient working

capital and a margin of safety to address local and regional emergencies without borrowing.

Policy on Assigned Fund Balance Process

Ramsey County’s assigned fund balance consists of internally imposed constraints established by the Ramsey County

Commissioners and/or management that reflect the specific purpose for which it is Ramsey County’s intended use.

Pursuant to Ramsey County Resolution 2010-412, the County Manager is authorized to establish assignments of fund

balance. Examples include capital expenditures and self-insurance.

Policy on Committed Fund Balance Process

Fund balance of the County for a specific source may be committed by formal action of the Ramsey County Board.

Formal action consists of internally imposed constraints established by Resolution of the Ramsey County Board.

Amendments or modifications of the committed fund balance must also be approved by formal action of the Ramsey

County Board. Examples include encumbrances, budget carryovers for a specific item or purpose and an

appropriation of existing fund balance for a specific use.

Policy on Priority of Fund Balance Used

For eligible expenditures for which amounts are available in multiple fund balance classifications, the order in which

resources will be expended is as follows:

When both restricted and unrestricted resources are available for use, it is Ramsey County’s policy to first use

restricted resources, and then use unrestricted resources as they are needed.

When committed, assigned or unassigned resources are available for use, it is Ramsey County’s policy to use

resources in the following order: 1) committed, 2) assigned and 3) unassigned.

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Fund Balance Classifications:

The fund balance of $84,527,530 of the Transit and Transportation Improvement Special Revenue Fund is restricted

for transportation projects or improvements. The fund balance of $57,471,160 of the Debt Service Fund is restricted

for debt service expenditures. The fund balance of the Capital Projects Fund has $9,774,147 of unspent bond

proceeds classified as restricted and $31,530,084 committed for purchase and upgrade of facilities. The remaining

detail of Ramsey County’s fund balance classification is as follows:

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Fund Balance Classification General Fund

Other

Governmental

Funds

Nonspendable:

Petty Cash 20,685$ 2,045$

Inventory 1,405,545 -

Missing Heirs 612,981 -

Advances 38,491,142 -

Total Nonspendable 40,530,353$ 2,045$

Restricted

Aggregate Pit Restoration 226,211$ -$

Child Protection 6,063,064 -

Donations for various purposes - 523,235

Criminal Forfeitures - 1,617,659

Technology - 756,328

Environmental Response Fund - 1,401,957

Library - 4,452,652

Sanitation - 31,038,565

Affordable Housing - 167,301

Parks and Recreation - 799,242

Other 10,678,830 2,496,749

Total Restricted 16,968,105$ 43,253,688$

Committed

Supporting Housing Priorities 1,693,743$ 329,652$

Corrections - 216,581

Emergency Communications - 4,420,829

Total Committed 1,693,743$ 4,967,062$

Assigned

Capital Expenditures 1,114,754$ -$

Self-Insurance 10,905,972 -

Employee Training 3,839,396 -

Projects 28,136,432 -

General Government 1,737,284 -

Public Safety 47,336 11,330

Highways and Streets 26,934 -

Health 94,035 -

Culture and Recreation 21,042 -

Workforce Solutions - 1,871,796

Emergency Communications - 8,575,056

Regional Railroad Authority - 51,852,013

Corrections - 392,893

Total Assigned 45,923,185$ 62,703,088$

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K. Investment Earnings:

Generally accepted accounting principles require the County to record the difference between the market value and

cost of investments. This difference is included as a gain or loss in investment earnings. In 2019, the investment

earnings for the General Fund, including unrealized gains (losses) on investments, are as follows:

V. OTHER INFORMATION

A. Risk Management

The County is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors

and omissions; and natural disasters. The County currently reports all its risk management activities in its General

Fund except for Solid Waste risk management activities which are reported in the Solid Waste/Recycling Service Fee

Special Revenue Fund and the Ramsey County Care Center risk management activities which are reported in the

Ramsey County Care Center Enterprise Fund. Premiums are paid into the General Fund by the other funds and are

available to pay claims, claim reserves, and administrative costs of the program.

Liabilities of the fund are reported when it is probable that a loss has occurred, and the amount of the loss can be

reasonably estimated. Liabilities include an amount for claims that have been incurred but not reported (IBNRs). The

result of the process to estimate the claims liability is not an exact amount as it depends on many complex factors,

such as inflation, changes in legal doctrines, and damage awards. Accordingly, claims are reevaluated periodically to

consider the effects of inflation, recent claim settlement trends (including frequency and amount of pay-outs), and

other economic and social factors. The estimate of the claims liability also includes amounts for incremental claim

adjustment expenses regardless of whether allocated to specific claims. Estimated recoveries, for example from

salvage or subrogation, are another component of the claims liability estimate. Changes in the balances of claims

liabilities during the past two years are as follows:

The County carries commercial insurance for:

1) Ramsey County Care Center (self-insured for workers compensation),

2) Lake Owasso Residence,

3) Law Enforcement Service, and

4) Job Training Partnership Act (Administration of program only)

The County also participates in the Workers Compensation Reinsurance Association (WCRA) as required by State

law. Ramsey County is responsible for costs up to $2,000,000 for any claim. The WCRA becomes responsible for the

amount in excess of $2,000,000. The limit could change each year. A premium is paid by the County to the association

based on the County’s total salary costs.

Interest on Investments 13,351,980$

Unrealized Gain on Investments 3,375,427

$ 16,727,407

Year Ended

December 31,

2018

Year Ended

December 31,

2019

Unpaid claims, beginning of fiscal year 6,243,834$ 6,683,519$

Incurred claims (including IBNRs) 4,352,658 2,348,494

Claim payments (3,912,973) (3,901,714)

Unpaid claims, end of fiscal year 6,683,519$ 5,130,299$

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There were no significant reductions in insurance or increases in expenditures from the County’s self-insurance

accounts from the previous year or settlements in excess of insurance coverage or self-insurance balances for any

of the past three fiscal years.

B. Contingent Liabilities

GRANTS

The County receives significant financial assistance from numerous federal, state, and local governmental agencies

in the form of grants and entitlements. The disbursement of funds received under these programs generally requires

compliance with terms and conditions specified in the grant agreements. The financial assistance received may be

subject to an audit pursuant to Uniform Guidance or audits by the grantor agency.

LITIGATION

Ramsey County was subject to a data security incident in August 2018, hackers obtained access to the County’s email

system and used employee credentials to attempt to divert the paychecks of nine County employees. The credentials

of 28 employees were compromised in the attempt. Because HIPAA protected health information could have been

exposed, Ramsey County made required notice to the Office of Civil Rights of the U.S. Department of Health &

Human Services, which has opened an investigation into the incident that may result in regulatory fines and penalties

for Ramsey County. This incident and the potential fines will not affect the validity of County bonds or the County’s

ability to meet its financial obligations.

C. Joint Ventures

RECYCLING AND ENERGY BOARD

In 2012, Ramsey and Washington Counties entered into a new three-year service agreement (2013 – 2015) with the

owner of the Ramsey/Washington County Resource Recovery Facility, Resource Recovery Technologies, Inc.

The Counties have a Joint Powers Agreement to administer the service agreement with Ramsey County and other

joint programs. The term of the current joint powers agreement was through 2017. An Amended and Restated Joint

Powers Agreement was signed in September 2015. The new agreement will continue until terminated or dissolved

in accordance with Section IX. B3 of the agreement. Ramsey and Washington Counties had three previous Joint

Powers Agreements (JPA) for the Resource Recovery Project from 1982 to 1984, from 1985 to 2006, and from 2007

to 2012. The Resource Recovery Project Board has since been renamed to the Ramsey/Washington Recycling and

Energy Board.

The Recycling and Energy Board is composed of four representatives from Washington County appointed by the

Washington County Board and five Ramsey County Commissioners appointed by the Ramsey County Board. All

administrative decisions are made by the Recycling and Energy Board except for: budget approval, levying taxes or

assessing service charges and establishing the tipping fee to be charged at the facility which requires the approval

of the County Boards.

In the Fall of 2015, the Resource Recovery Project Board took a significant step toward improving the environment

and achieving their common vision to increase recycling and get the most value out of trash by taking an action to

recommend the purchase of the Resource Recovery Technologies, Inc. facility in Newport. The Counties funded the

purchase of the processing facility by the Ramsey/Washington Recycling and Energy Board (R&E Board) from its

previous private owners in December 2015, after more than two years of studying how it could be used along with

new technologies to modernize the East Metro’s trash handling system.

Ramsey County issued bonds in the amount of $17,900,000 for its share of the purchase of the facility. These funds

were in turn loaned to the R&E Board to fund the purchase. The joint powers agreement designates Ramsey County

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to serve as the administrative entity for the Energy Board. In 2016, Ramsey County advanced an additional

$2,993,000 to provide working capital funds, which will be repaid from future operations.

Ramsey County’s ongoing financial interest in the project is 73% of the obligations or resources upon termination of

the agreement. Summary financial information for this joint venture as of and for the year ended December 31, 2018

(the most recent information available) in the following table:

Financial statements for the R&E Board can be obtained at 2785 White Bear Avenue, Suite 350, Maplewood, MN

55109.

VERIFICATION COLLABORATIVE EXECUTIVE COMMITTEE

Ramsey County entered into a joint powers agreement pursuant to the provisions of Minnesota Statute Section

471.59, to oversee any entity under contract to provide vendor certification services to the members of the

Inclusiveness in Contracting Collaborative and to handle appeals of vendor certification status and other

certification-related matters that may arise from time to time. The committee is composed of one representative of

each of the members. Ramsey County joined with Hennepin County, the City of Minneapolis, the City of St. Paul, and

Independent School District 625. During 2019, the County did not contribute to this entity. Currently, a fiscal agent

is not needed, and no financial report is available.

METROPOLITAN EMERGENCY SERVICES BOARD

Pursuant to Minnesota Statute Section 471.59, Ramsey County entered into a joint powers agreement with Anoka,

Carver, Chisago, Dakota, Hennepin, Isanti, Scott, Washington Counties and the City of Minneapolis. The purposes of

the agreement are: (a) the implementation and administration of a regional 911 system, and (b) encouraging the

development of new resources and the coordination of emergency medical services.

The Board, consisting of one commissioner from Chisago and Isanti counties, up to four commissioners from

Hennepin and Ramsey Counties and two commissioners from each of the remaining counties and the City of

Minneapolis, determines the amount of contribution by each participating county according to an assessment

formula. During 2019, the County did not contribute to this entity. Financial statements are prepared by Washington

County and audited by Redpath, and Company. Financial statements can be obtained at the 911 Board Office, 2099

University Avenue, Saint Paul, MN 55104-3431

D. Jointly Governed Organizations

Ramsey County, in conjunction with other local governments and various private organizations have formed the

collaboratives listed below:

• Suburban Ramsey Collaborative: The collaborative was established to receive and expend grant funds on new

prevention and early intervention children services. The Roseville School District is the fiscal agent. Ramsey

Total Project

Total Assets 44,245,981$

Deferred Outflows 1,869,805

Total Liabilities 37,517,692

Deferred Inflows 268,372

Total Net Position 8,329,722

Total Revenues 48,423,977

Total Expenses 47,503,774

Net Increase in Net Position 920,203$

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County has no operational or financial control over the collaborative. Financial statements are available from

the Roseville School District, 1251 West County Road B2, Roseville, MN 55113.

• Children's Mental Health Collaborative: The collaborative was established to receive and expend grant funds on

new prevention and early intervention children's mental health issues. The Children’s Mental Health

Collaborative is the fiscal agent.

• Saint Paul Children's Collaborative: The collaborative was established to receive and expend grant funds on new

prevention and early intervention family services. Ramsey County is the fiscal agent. Ramsey County has no

operational or financial control over the collaborative.

• Ramsey County LCTS Collaborative Partnership: The collaborative was established to receive and redistribute

grant funds to other collaboratives. Ramsey County is the fiscal agent. Ramsey County has no operational or

financial control over the collaborative.

• Inclusiveness Contracting Collaborative: The collaborative was established to create a centralized program for

certification of businesses in the members' respective small businesses, minority-owned business, or women-

owned business enterprise programs. An outside contractor, Impact Inc. is the fiscal agent. Ramsey County has

no operational or financial control over the collaborative.

• Mental Health Crisis Alliance: A Cooperative Agreement was established with Dakota County to provide funding

to increase mental health crisis services for adults. A Cooperative Agreement was created with a governing

board which will be referred to as the East Metropolitan Adult Crisis Stabilization Collaborative (“EMACS”).

Ramsey County is the fiscal agent. Ramsey County has no operational or financial control over the collaborative.

E. Defined Benefit Pension Plans – Statewide

Plan Description

All full-time and certain part-time employees of Ramsey County are covered by defined benefit pension plans

administered by the Public Employees Retirement Association of Minnesota (PERA). PERA administers the General

Employees Retirement Plan, the Public Employees Police and Fire Plan, and the Local Government Correctional

Service Retirement Plan (the Public Employees Correctional Plan), which are cost-sharing, multiple-employer

retirement plans. These plans are established and administered in accordance with Minnesota Statute Chapters 353

and 356. PERA’s defined benefit pension plans are tax qualified plans under Section 401(a) of the Internal Revenue

Code.

1. General Employees Retirement Plan (GERP)

General Employees Retirement Plan (accounted for in the General Employees Fund) has multiple benefit structures

with members belonging to the Coordinated Plan, the Basic Plan, or the Minneapolis Employees Retirement Fund.

Coordinated Plan members are covered by Social Security while Basic Plan and Minneapolis Employees Retirement

Fund members are not. The Basic Plan was closed to new members in 1967. The Minneapolis Employees Retirement

Fund was closed to new members during 1978 and merged into the General Employees Retirement Plan in 2015.

All new members must participate in the Coordinated Plan, for which benefits vest after five years of credited

service. No County employees belong to either the Basic Plan or the Minneapolis Employees Retirement Fund.

2. Public Employees Police and Fire Plan (PEPFP)

Police officers, firefighters, and peace officers who qualify for membership by statute are covered by the Public

Employees Police and Fire Plan (accounted for in the Police and Fire Fund). For members first hired after June 30,

2010, but before July 1, 2014, benefits vest on a prorated basis starting with 50% after 5 years and increasing 10%

for each year of service until fully vested after 10 years. Benefits for members first hired after June 30, 2014, vest on

a prorated basis from 50% after 10 years and increasing 5% for each year of service until fully vested after 20 years.

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3. Public Employees Correctional Plan (PECP)

Local government employees of a county-administered facility who are responsible for the direct security, custody,

and control of the county correctional facility and its inmates are covered by the Public Employees Correctional Plan

(accounted for in the Correctional Fund). For members hired after June 30, 2010, benefits vest on a prorated basis

starting with 50% after 5 years and increasing 10% for each year of service until fully vested after 10 years.

Benefits Provided

PERA provides retirement benefits as well as disability benefits to members and benefits to survivors upon death of

eligible members. Benefit provisions are established by state statute and can be modified only by the state

legislature. Benefit increases are provided to benefit recipients each January. Beginning January 1, 2019, General

Employees Plan benefit recipients will receive a post-retirement increase equal to 50 percent of the cost of living

adjustment announced by the Social Security Administration, with a minimum increase of at least 1.00 percent and

maximum of 1.50 percent. Recipients that have been receiving the annuity or benefit for at least a full year as of the

June 30 before the effective date of the increase will receive the full increase. For recipients receiving the annuity or

benefit for at least one month but less than a full year as of the June 30 before the effective date of the increase will

receive a reduced prorated increase. For members retiring on January 1, 2024, or later, the increase will be delayed

until normal retirement age (age 65 if hired prior to July 1, 1989, or age 66 for individuals hired on or after July 1,

1989). Members retiring under the Rule of 90 are exempt from the delay to normal retirement.

Beginning January 1, 2019, Police and Fire Plan benefit recipients will receive a 1.00 percent post-retirement

increase. Recipients that have been receiving the annuity or benefit for at least 36 months as of the June 30 before

the effective date of the increase will receive the full increase. For recipients receiving the annuity or benefit for at

least 25 months but less than 36 months as of the June 30 before the effective date of the increase will receive a

reduced prorated increase.

Beginning January 1, 2019, Correctional Plan benefit recipients will receive a post-retirement increase equal to 100

percent of the cost of living adjustment announced by the Social Security Administration, with a minimum increase

of at least 1.00 percent and maximum of 2.50 percent. If the Correctional Plan’s funding status declines to 85 percent

or below for two consecutive years or 80 percent for one year, the maximum will be lowered from 2.50 percent to

1.50 percent. Recipients that have been receiving the annuity or benefit for at least a full year as of the June 30

before the effective date of the increase will receive the full increase. For recipients receiving the annuity or benefit

for at least one month but less than a full year as of the June 30 before the effective date of the increase will receive

a reduced prorated increase.

The benefit provisions stated in the following paragraph of this section are current provisions and apply to active

plan participants. Vested, terminated employees who are entitled to benefits but are not yet receiving them are

bound by the provisions in effect at the time they last terminated their public service.

1. GERP Benefits

Benefits are based on a member’s highest average salary for any five successive years of allowable service, age, and

years of credit at termination of service. Two methods are used to compute benefits for PERA's Coordinated Plan

members. Members hired prior to July 1, 1989, receive the higher of a step-rate benefit accrual formula (Method 1)

or a level accrual formula (Method 2). Under Method 1, the annuity accrual rate for a Coordinated Plan member is

1.2% of average salary for each of the first ten years and 1.7% for each remaining year. Under Method 2, the annuity

accrual rate is 1.7% for Coordinated Plan members for each year of service. Only Method 2 is used for members

hired after June 30, 1989. For members hired prior to July 1, 1989, a full annuity is available when age plus years of

service equal 90 and normal retirement age is 65. For members hired after June 30, 1989, normal retirement age is

the age for unreduced Social Security benefits capped at 66. Disability benefits are available for vested members

and are based upon years of service and average high-five salary.

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2. PEPFP Benefits

Benefits for the PEPFP members first hired after June 30, 2010, but before July 1, 2014, vest on a prorated basis from

50% after five years up to 100% after ten years of credited service. Benefits for PEPFP members first hired after

June 30, 2014, vest on a prorated basis from 50% after ten years up to 100% after twenty years of credited service.

The annuity accrual rate is 3% of average salary for each year of service. For PEPFP members, normal retirement age

is 55, and for members who were first hired prior to July 1, 1989, a full annuity is available when age plus years of

service equal at least 90.

3. PECP Benefits

Benefits for PECP members first hired after June 30, 2010, vest on a prorated basis from 50% after five years up to

100% after ten years of credited service. The annuity accrual rate is 1.9% of average salary for each year of service

in that plan. For PECP members, normal retirement age is 55, and for members who were first hired prior to July 1,

1989, a full annuity is available when age plus years of service equal at least 90.

Contributions

Pension benefits are funded from member and employer contributions and income from the investment of fund

assets. Rates for employer and employee contributions are set by Minnesota Statute Chapter 353. These statutes

are established and amended by the state legislature.

1. GERP Contributions

Coordinated Plan members were required to contribute 6.50% of their annual covered salary in calendar year 2019.

The County was required to contribute 7.50% of pay for Coordinated Plan members in calendar year 2019. The

County’s contributions to the GERP for the year ended December 31, 2019, were $17,494,915. The County’s

contributions were equal to the required contributions as set by state statute.

2. PEPFP Contributions

Plan members were required to contribute 11.30% of their annual covered salary in calendar year 2019. The County

was required to contribute 16.95% of pay for PEPFP members in calendar year 2019. The County’s contributions to

the PEPFP for the year ended December 31, 2019, were $3,386,285. The County’s contributions were equal to the

required contributions as set by state statute.

3. PECP Contributions

Plan members were required to contribute 5.83% of their annual covered salary in the calendar year 2019. The

County was required to contribute 8.75% of pay for PECP members in calendar year 2019. The County’s contributions

to the PECP for the year ended December 31, 2019, were $2,266,450. The County’s contributions were equal to the

required contributions as set by state statute.

Pension Costs

1. GERP Pension Costs

At December 31, 2019, the County reported a liability of $177,844,138 for its proportionate share of the General

Employees Retirement Plan’s net pension liability. The net pension liability was measured as of June 30, 2019, and

the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of

that date. The County’s proportion of the net pension liability was based on the County’s contributions received by

PERA during the measurement period for employer payroll paid dates from July 1, 2018 through June 30, 2019,

relative to the total employer contributions received from all PERA’s participating employers. At June 30, 2019, the

County’s proportion was 3.2167%. It was 3.2466% measured as of June 30, 2018. The County recognized a negative

pension expense of $20,660,550 for its proportionate share of the General Employees Retirement Plan’s pension

expense.

The County also recognized $413,965 as revenue, which results in a reduction of the net pension liability, for its

proportionate share of the State of Minnesota’s contribution to the General Employees Retirement Plan, which

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qualifies as a special funding situation. Legislation requires the State of Minnesota to contribute $16 million to the

General Employees Retirement annually.

The County reported its proportionate share of the General Employees Retirement Plan’s deferred outflows of

resources and deferred inflows of resources related to pensions from the following sources:

The $9,329,685 reported as deferred outflows of resources related to pensions resulting from contributions after

the measurement date will be recognized as a reduction of the net pension liability in the year ended December 31,

2020. Other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized

in pension expense as follows:

2. PEPFP Pension Costs

At December 31, 2019, the County reported a liability of $20,207,192 for its proportionate share of the Public

Employees Police and Fire Plan’s net pension liability. The net pension liability was measured as of June 30,

2019, and the total pension liability used to calculate the net pension liability was determined by an actuarial

valuation as of that date. The County’s proportion of the net pension liability was based on the County’s

contributions received by PERA during the measurement period for employer payroll paid dates from July 1,

2018 through June 30, 2019, relative to the total employer contributions received from all PERA’s participating

employers. At June 30, 2019, the County’s proportion was 1.8981%. It was 1.7846% measured as of June 30,

2018. The County recognized a negative pension expense of $2,928,425 for its proportionate share of the Public

Employees Police and Fire Plan’s pension expense.

The County also recognized $256,242 as revenue, which results in a reduction of the net pension liability, for its

proportionate share of the State of Minnesota’s on-behalf contribution to the Public Employees Police and Fire

Plan. Legislation requires the State of Minnesota to contribute $9 million to the Police and Fire Plan each year,

starting in fiscal year 2014, until the plan is 90% funded or until the State Patrol Plan is 90 percent funded,

whichever occurs later. In addition, the state will pay direct state aid of $4.5 million on October 1, 2018, and

October 1, 2019, and $9 million by October 1 of each subsequent year until full funding is reached or July 1,

2048, whichever is earlier.

The County’s proportionate share of the net pension liability 177,844,138$

State of Minnesota’s proportionate share of the net pension

liability associated with the County

5,527,593

Total

183,371,731$

Deferred Outflows

of Resources

Deferred Inflows of

Resources

Differences between expected and actual economic experience

5,539,337$ 906,571$

Changes in actuarial assumptions

1,023,918 15,790,695

Difference between projected and actual investment earnings

- 19,325,235

Changes in proportion

4,370,026 6,585,253

Contributions paid to PERA subsequent to the measurement date

9,329,685 -

Total

20,262,966$ 42,607,754$

Fiscal Year Ended

June 30

Pension Expense

Amount

2020 $ (10,343,778)

2021 (17,762,230)

2022 (4,009,619)

2023 441,154

$ (31,674,473)

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.

The County reported its proportionate share of the Public Employees Police and Fire Plan’s deferred outflows

of resources and deferred inflows of resources related to pensions from the following sources:

The $1,670,911 reported as deferred outflows of resources related to pensions resulting from contributions

after the measurement date will be recognized as a reduction of the net pension liability in the year ended

December 31, 2020. Other amounts reported as deferred outflows and inflows of resources related to pensions

will be recognized in pension expense as follows:

3. PECP Pension Costs

At December 31, 2019, the County reported a liability of $1,738,171 for its proportionate share of the Public

Employees Correctional Plan’s net pension liability. The net pension liability was measured as of June 30, 2019, and

the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of

that date. The County’s proportion of the net pension liability was based on the County’s contributions received by

PERA during the measurement period for employer payroll paid dates from July 1, 2018 through June 30, 2019,

relative to the total employer contributions received from all of PERA’s participating employers. At June 30, 2019,

the County’s proportion was 12.5545%. It was 12.4958% measured as of June 30, 2018. The County recognized a

negative pension expense in the amount of $ 3,289,122 for its proportionate share of the Public Employees

Correctional Plan’s pension expense.

The County reported its proportionate share of the Public Employees Correctional Plan’s deferred outflows of

resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows

of Resources

Deferred Inflows of

Resources

Differences between expected and actual economic experience

852,345$ 2,848,168$

Changes in actuarial assumptions

15,274,851 23,319,988

Difference between projected and actual investment earnings

- 4,372,701

Changes in proportion

5,584,714 2,019,955

Contributions paid to PERA subsequent to the measurement date

1,670,911 -

Total

23,382,821$ 32,560,812$

Fiscal Year

Ended

Pension

Expense

2020 $ (1,309,232)

2021 (2,652,698)

2022 (6,874,292)

2023 (197,210)

2024 184,530

$ (10,848,902)

Deferred Outflows

of Resources

Deferred Inflows

of Resources

Differences between expected and actual economic experience

63,822$ 290,800$

Changes in actuarial assumptions

218,300 15,480,907

Difference between projected and actual investment earnings

- 2,237,614

Changes in proportion

- 589,889

Contributions paid to PERA subsequent to the measurement date

1,111,989 -

Total

1,394,111$ 18,599,210$

77

Table of Contents

The $ 1,111,989 reported as deferred outflows of resources related to pensions resulting from contributions

subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended

December 31, 2020. Other amounts reported as deferred outflows and inflows of resources related to pensions will

be recognized in pension expense as follows:

Total Pension Expense

The total negative pension expense for all plans recognized by the County for the year ended December 31, 2019, in

the amount of $26,878,097.

Actuarial Assumptions

The total pension liability in the June 30, 2019, actuarial valuation was determined using the individual entry-age

normal actuarial cost method and the following additional actuarial assumptions:

GERP, PEPFP, and PECP

Salary increases were based on a service-related table. Mortality rates for active members, retirees, survivors and

disabilitants were based on RP-2014 tables for all plans for males or females, as appropriate, with slight adjustments

to fit PERA’s experience. Cost of living benefit increases for retirees are assumed to be 1.25% per year for the General

Employees Retirement Plan and 2.0% for all years for the Correctional Plan. For the Police and Fire Plan, cost of living

benefit increases for retirees are 1.0% as set by state statute.

Actuarial assumptions used in the June 30, 2019 valuation were based on the results of actuarial experience studies.

The experience study for the General Employees Plan was dated June 30, 2015. The experience study for the Police

and Fire Plan was dated August 30, 2016. The experience study for the Correctional Plan was dated February 2012.

The mortality assumption for the Correctional Plan is based on the Police and Fire Plan experience study. Inflation

and investment assumptions for all plans were reviewed in the experience study report for the General Employees

Plan dated June 27, 2019.

The following changes in actuarial assumptions and plan provisions occurred in 2019:

General Employees Retirement Plan

Changes in Actuarial Assumptions:

•

The mortality projection scale was changed from MP-2017 to MP-2018.

Public Employees Police and Fire Plan

Changes in Actuarial Assumptions:

•

The mortality projection scale was changed from MP-2017 to MP-2018.

Fiscal Year

Ended

June 30

Pension Expense

Amount

2020

(9,670,276)$

2021

(8,226,492)

2022

(538,127)

2023

117,807

$ (18,317,088)

Annual Rates

Inflation 2.00%

Active Member Payroll Growth

3.25%

Investment Rate of Return 7.50%

78

Table of Contents

Public Employees Correctional Plan

Changes in Actuarial Assumptions:

•

The mortality projection scale was changed from MP-2017 to MP-2018.

The long-term expected rate of return on pension plan investments is 7.5%. The State Board of Investment, which

manages the investments of PERA, prepares an analysis of the reasonableness on a regular basis of the long-term

expected rate of return using a building-block method in which best-estimate ranges of expected future rates of

return are developed for each major asset class. These ranges are combined to produce an expected long-term rate

of return by weighting the expected future rates of return by the target asset allocation percentages. The target

allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the

following table:

Discount Rate

The discount rate used to measure the total pension liability was 7.50% in 2019, which remained consistent with

2018. The projection of cash flows used to determine the discount rate assumed that employee and employer

contributions will be made at the rate specified in statute. Based on that assumption, the fiduciary net position of

the General Employees Retirement Plan, the Police and Fire Plan, and the Public Employees Correction Plan were

projected to be available to make all projected future benefit payments of current active and inactive employees.

Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected

benefit payments to determine the total pension liability.

Pension Liability Sensitivity

The following presents the County’s proportionate share of the net pension liability calculated using the discount

rate disclosed in the preceding paragraph, as well as what the County’s proportionate share of the net pension

liability would be if it were calculated using a discount rate 1.0 percentage point lower or 1.0 percentage point higher

than the current discount rate:

Asset Class

Target

Allocation

Long-Term

Expected Real

Rate of Return

Domestic equity 35.5 % 5.10

%

Private markets 25.0 5.90

Fixed income 20.0 0.75

International equity 17.5 5.30

Cash 2.0 0.00

100

%

General Employees Retirement

Plan

Public Employees Police and Fire

Plan

Public Employees

Correctional Plan

Discount Rate

Net Pension

Liability

Discount Rate

Net Pension

Liability

Discount

Rate

Net Pension

Liability (Asset)

1% Decrease 6.50% 292,366,185$ 6.50% 44,169,167$ 6.50% 18,525,295$

Current 7.50% 177,844,138 7.50% 20,207,192 7.50% 1,738,171

1% Increase 8.50% 83,283,419 8.50% 391,009 8.50% (11,694,266)

Proportionate Share of the

79

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Pension Plan Fiduciary Net Position

Detailed information about each pension plan’s fiduciary net position is available in a separately issued PERA

financial report that includes financial statements and required supplementary information. That report may be

obtained on the Internet at www.mnpera.org; by writing to PERA at 60 Empire Drive, Suite 200, Saint Paul, MN

55103-2088; or by calling (651) 296-7460 or (800) 652-9026.

Defined Contribution Plan

Three County Board members of Ramsey County are covered by the Public Employees Defined Contribution Plan, a

multiple-employer deferred compensation plan administered by PERA. The plan is established and administered in

accordance with Minnesota Statute Chapter 353D, which may be amended by the state legislature. The plan is a tax

qualified plan under Section 401(a) of the Internal Revenue Code, and all contributions by or on behalf of employees

are tax deferred until time of withdrawal.

Plan benefits depend solely on amounts contributed to the plan plus investment earnings, less administrative

expenses. For those qualified personnel who elect to participate, Minnesota Statute Section 353D.03 specifies plan

provisions, including the employee and employer contribution rates. An eligible elected official who decides to

participate contributes 5.00% of salary, which is matched by the employer. Employee and employer contributions

are combined and used to purchase shares in one or more of the seven accounts of the Minnesota Supplemental

Investment Fund. For administering the plan, PERA receives 2.00% of employer contributions and 0.25% of the assets

in each member account annually.

Total contributions by dollar amount and percentage of covered payroll made by Ramsey County during the year

ended December 31, 2019, were:

Central Pension Fund

The County also has employees who participate in the Central Pension Fund of the International Union of Operating

Engineers, Local 49.

F. Other Post-Employment Benefits (OPEB)

Plan Description

In addition to providing the pension benefits described above, the County provides post-employment health care

insurance benefits (OPEB) for retired employees through a single employer defined benefit plan. The benefits,

benefit levels, employee contributions, and employer contributions are governed by the Board of County

Commissioners and can be amended by the County through its personnel policy manual and union contracts within

the guidelines of Minnesota Statute. The County provides benefits for retirees as required by Minnesota Statute

Section 471.61, Subd. 2b. The activity of the plan is reported in the County’s Other Post-Employment Benefits Trust

fund.

Membership

At December 31, 2019, membership consisted of:

Employee Employer

Contribution amount 33,600$ 33,600$

Percentage of covered payroll 5% 5%

Retirees and Beneficiaries Currently Receiving Benefits 2,118

Terminated Employees Entitled to Benefits but not yet Receiving them 51

Active Employees 3,836

Total 6,005

Participating Employers 1

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Benefits Provided

The County provides post-employment health care insurance benefits to its retirees. To be eligible for benefits, an

employee or elected official must qualify for retirement under the County’s retirement plan.

All health care benefits are provided through the County’s third-party health plan. The benefit levels are the same

as those afforded to active employees. Benefits include general inpatient and outpatient medical services; mental,

nervous, and substance abuse care; vision care; dental care; and prescriptions. Upon a retiree reaching age 65 years

of age, Medicare becomes the primary insurer and the County’s plan becomes secondary.

Actuarial Methods and Assumptions

The County’s total OPEB liability of $232,004,043 was determined by an actuarial valuation as of December 31,

2019, using the following actuarial assumptions, applied to all periods included in the measurement, unless

otherwise specified:

The investment rate of return was valued using an assumption of 6.5 percent. This has not changed since the

previous valuation. The OPEB plan's fiduciary net position is projected to be sufficient to make all projected benefit

payments, so therefore the discount rate used to value liabilities is the long-term expected rate of return of 6.5

percent. Cash flows into the plan equal the average contributions from Ramsey County over the last 5 years. Benefit

payments were projected based on the assumptions and methods disclosed in the December 31, 2019 actuarial

valuation report.

Projections of benefits for financial reporting purposes are based on the substantive plan (as understood by the

employer and the plan members) and include the types of benefits provided at the time of each valuation. The

actuarial methods and assumptions used include techniques that are designed to reduce the effects of short-term

volatility in actuarial accrued liabilities, consistent with the long-term perspective of the calculations.

Actuarial valuations involve estimates of the value of reported amounts and assumptions about the probability of

occurrence of events far into the future. Amounts determined regarding the funded status of the plan and the annual

required contributions of the employer are subject to continual revision as actual results are compared with past

expectations and new estimates are made about the future.

Mortality rates are based on the rates used in the PERA plan of which the employee, retiree, or beneficiary is a

participant. Mortality rates for General Employees Retirement Plan were based on the RP-2014 mortality tables with

projected mortality improvements based on scale MP-2018, and other adjustments. The mortality rates for Public

Employees Police and Fire Plan and Public Employees Correctional Plan are based on the RP-2014 mortality tables

with projected mortality improvements based on Scale AA, and other adjustments, which is a change from prior year

which used the RP-2000 mortality table.

Funding Policy and Contributions

The County negotiates the contribution percentages between the County and employees based on years of service,

union contracts and personnel policy. All retirees contribute 0 - 25% of the premium to the plan and the County

contributes the remainder to cover the cost of providing the benefits to the retirees via the third-party plan (pay-as-

you-go). This amount fluctuates on an annual basis. For the fiscal year ending December 31, 2019, the County

contributed $12,954,265 to the plan.

Discount rate 6.50%

Salary increases 3.25%

Expected return on plan assets 6.50%

Inflation rate 2.50%

Health care cost trend rate

6.40% for FY2019, gradually decreasing over several decades to

an ultimate rate of 4.0% in FY2075 and later years.

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The County has assets designated for OPEB in a qualified irrevocable trust. The trust was originally established as a

revocable trust and the trust was converted to an irrevocable trust. The change was authorized on July 3, 2018,

through Board resolution B2018-188, pursuant to Minnesota Statute Section 471.6175, to prefund a portion of the

OPEB liability. PERA serves as the trust administrator for the irrevocable trust account. No additional trust

contributions are expected to be made, and no benefits are currently being paid from the trust. As a result, the

funding policy is considered to be the pay-as-you-go method under which contributions to the plan are generally

made at the same time and in the same amount as retiree benefits and expenses become due. During 2019, Ramsey

County had a year-end balance in the OPEB irrevocable trust of $87,769,678.

Total OPEB Liability

The components of the net OPEB liability of Ramsey County at December 31, 2019, were as follows:

Investments

The fair value of investments is determined by the Minnesota State Board of Investments. The OPEB investments

are held in an irrevocable trust and invested 70% in the equity pool, 25% in the fixed income pool, and 5% in the

cash pool. The County’s investment policy delegates investment policy decisions to the Finance and Central Services

Division Manager, including asset allocation. The policy can only be amended by the Board of County Commissioners.

Rate of Return

For the year ended December 31, 2019, the annual money-weighted rate of return on investments, net of

investment expense, was 23.79 percent.

Discount Rate

The discount rate used to measure the total OPEB liability was 6.5 percent. The projection of cash flows used to

determine the discount rate assumed that the County contributions will be made at rates equal to the actuarially

determined contribution rates. Based on those assumptions, the OPEB plan’s fiduciary net position was projected to

be available to make all projected future benefit payments of current plan members. Therefore, the long-term

expected rate of return on OPEB plan investments was applied to all periods of projected benefit payments to

determine the total OPEB liability.

Total OPEB Liability $232,004,043

Plan Fiduciary net position 87,769,678

Net OPEB liability $144,234,365

Plan fiduciary net position as a

percentage of the total OPEB liability

37.8%

Covered employee payroll $270,055,272

Net OPEB liability as a percentage

of covered employee payroll 53.4%

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Changes in the Net OPEB Liability

Sensitivity of the Net OPEB Liability to changes in the Discount Rate

The following presents the net OPEB liability of Ramsey County as well as what the County’s net OPEB liability would

be if it were calculated using a discount rate that is 1.0 percentage point lower or 1.0 percentage point higher than

the current discount rates.

Sensitivity of the Net OPEB Liability to changes in the Trend Rate

The following presents the net OPEB liability of Ramsey County as well as what the County’s net OPEB liability would

be if it were calculated using healthcare cost trend rates that are 1.0 percentage point lower or 1.0 percentage point

higher than the current healthcare cost trend rates.

Increase (Decrease)

Plan Fiduciary

Total OPEB Net Position

Net OPEB Liability

Liability (a) (b) (c) = (a) - (b)

Balance at 12/31/2018 $ 220,840,122 70,908,236$ 149,931,886$

Changes for the year:

Service cost 2,942,009 - 2,942,009

Interest 14,124,825 - 14,124,825

Differences between expected and

actual experience 11,062,781 - 11,062,781

Changes in assumptions (4,011,429) - (4,011,429)

Employer contributions - 12,954,265 (12,954,265)

Net investment income - 16,866,535 (16,866,535)

Benefit payments (12,954,265) (12,954,265) -

Administrative expense - (5,093) 5,093

Net changes 11,163,921 16,861,442 (5,697,521)

Balance at 12/31/2019 232,004,043$ 87,769,678$ 144,234,365$

1% Increase

(7.5%)

Current

Discount Rate

(6.5%)

1% Decrease

(5.5%)

Total OPEB Liability

209,739,702$ 232,004,043$ 258,637,257$

Plan Fiduciary Net

Position

87,769,678 87,769,678 87,769,678

Net OPEB Liability 121,970,024$ 144,234,365$ 170,867,579$

1% Increase

Current

Discount Rate

1% Decrease

Total OPEB Liability

262,943,371$ 232,004,043$ 206,405,377$

Plan Fiduciary Net

Position

87,769,678 87,769,678 87,769,678

Net OPEB Liability 175,173,693$ 144,234,365$ 118,635,699$

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OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB

For the year ended December 31, 2019, the County recognized OPEB negative expense of $7,762,110. At December

31, 2019, the County reported deferred outflows of resources and deferred inflows of resources related to OPEB from

the following sources:

Amounts reported as deferred inflows of resources and deferred outflow of resources related to OPEB will be

recognized in OPEB expense as follows:

Changes in Actuarial Assumptions

The following changes in actuarial assumptions occurred in:

2019

• Healthcare trend rates were reset to reflect updated cost increase expectations, including the repeal of the

Affordable Care Act’s Excise Tax on high-cost health insurance plans.

• Medical per capita claims costs were updated to reflect recent experience.

• Withdrawal, retirement, mortality and salary increase rates were updated from the rates used in the

7/1/2016 PERA General Employees Plan, 7/1/2016 Police & Fire Plan, and 7/1/2016 PERA Correctional Plan

valuations to the rates used in the 7/1/2019 valuations.

• The payroll growth assumption was changed from 3.50% to 3.25% based on the 7/1/2019 PERA valuations.

• Assumed sick leave accruals were changed from 41 hours of sick leave per year to 38 hours per year to

reflect current average accruals of benefiting group.

Source

Deferred

Outflows of

Resources

Deferred

Inflows of

Resources

Difference between expected and actual liability 9,025,436$ -$

Changes in actuarial assumptions - 69,719,211

Difference between projected and actual

investment earnings

- 6,433,278

Total

9,025,436$ 76,152,489$

Balance at December 31, 2019

Year Amount

2020 $ (20,225,172)

2021 (20,225,172)

2022 (20,225,172)

2023 (7,009,929)

2024

558,392

$ (67,127,053)

84

Table of Contents

REQUIRED

SUPPLEMENTARY

INFORMATION

Table of Contents

SCHEDULE 1

ACTUAL VARIANCE WITH

AMOUNTS ON FINAL BUDGET

BUDGETARY OVER

ORIGINAL FINAL BASIS (UNDER)

REVENUES

Property Taxes 268,642,691$ 268,642,691$ 269,745,313$ 1,102,622$

Licenses and Permits 1,150,650 1,150,650 1,158,078 7,428

Intergovernmental 174,040,183 183,355,955 167,023,406 (16,332,549)

Private Grants and Donations 19,000 278,457 177,557 (100,900)

Charges for Services 49,625,384 46,959,653 43,360,614 (3,599,039)

Fines and Forfeitures 12,000 12,000 - (12,000)

Sales 663,980 665,780 857,440 191,660

Rental Income - - 834,521 834,521

Investment Earnings 9,445,634 9,445,634 16,727,407 7,281,773

Human Services 2,869,057 2,869,057 1,548,649 (1,320,408)

Miscellaneous 8,184,911 10,543,489 4,211,074 (6,332,415)

Total Revenues 514,653,490 523,923,366 505,644,059 (18,279,307)

EXPENDITURES

Current:

General Government:

County Board of Commissioners 2,306,739 2,306,739 2,281,425 (25,314)

Charter Commission 1,000 1,000 131 (869)

Courts 3,559,717 3,576,640 3,576,640 -

County Manager 14,523,036 16,198,758 14,562,542 (1,636,216)

RC Strategic Team 8,345,141 8,930,161 8,360,376 (569,785)

Property Records and Revenue 16,416,160 16,416,160 13,530,165 (2,885,995)

Attorney 48,404,824 48,820,834 46,510,923 (2,309,911)

Property Management 11,000 11,000 - (11,000)

Veterans Service Officer 692,840 742,840 695,291 (47,549)

Contingency 1,254,781 569,781 - (569,781)

Computer Equipment and Software 2,800,000 9,728,155 2,821,552 (6,906,603)

Economic Development 329,566 964,566 932,491 (32,075)

Unallocated General Expenditures 7,400,688 6,508,836 3,363,798 (3,145,038)

Total General Government 106,599,247 114,775,470 96,635,334 (18,140,136)

Public Safety:

Sheriff 52,377,352 53,634,666 53,013,581 (621,085)

Community Corrections 72,099,540 72,279,734 68,401,058 (3,878,676)

Medical Examiner 2,982,208 3,090,112 3,083,715 (6,397)

Total Public Safety 127,459,100 129,004,512 124,498,354 (4,506,158)

Transportation

Public Works 29,151,914 29,151,914 26,225,679 (2,926,235)

Sanitation:

Environmental Health 1,844,126 1,924,126 1,385,052 (539,074)

Health:

Public Health 35,969,541 38,062,911 29,772,995 (8,289,916)

Miscellaneous Health 6,260,904 3,164,037 3,118,136 (45,901)

Total Health 42,230,445 41,226,948 32,891,131 (8,335,817)

BUDGETED AMOUNTS

RAMSEY COUNTY, MINNESOTA

GENERAL FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

FOR THE YEAR ENDED DECEMBER 31, 2019

BUDGETARY COMPARISONS (NON-GAAP BUDGETARY BASIS)

The notes to the required supplementary information are an integral part of this schedule.

85

Table of Contents

SCHEDULE 1

(Continued)

ACTUAL VARIANCE WITH

AMOUNTS ON FINAL BUDGET

BUDGETARY OVER

ORIGINAL FINAL BASIS (UNDER)

EXPENDITURES (continued)

Human Services

Administration 28,694,324 28,239,121 26,412,218 (1,826,903)

Income Maintenance 33,975,576 33,975,576 33,828,327 (147,249)

Social Services 134,333,970 135,064,611 121,303,934 (13,760,677)

Total Human Services 197,003,870 197,279,308 181,544,479 (15,734,829)

Culture and Recreation:

Parks and Recreation 12,765,016 19,658,106 12,126,584 (7,531,522)

St Paul-Ramsey Historical Society 84,448 84,448 84,448 -

Landmark Center Management 896,700 896,700 896,700 -

Total Culture and Recreation 13,746,164 20,639,254 13,107,732 (7,531,522)

Conservation of Natural Resources:

Extension Service 43,262 43,262 40,359 (2,903)

Conservation District 995,093 1,395,904 610,040 (785,864)

Total Conservation of Natural Resources 1,038,355 1,439,166 650,399 (788,767)

Total Expenditures 519,073,221 535,440,698 476,938,160 (58,502,538)

Excess (Deficiency) of Revenues

over (under) Expenditures (4,419,731) (11,517,332) 28,705,899 40,223,231

OTHER FINANCING SOURCES (USES)

Transfers In 11,857,994 14,956,123 12,829,961 (2,126,162)

Transfers Out (9,062,601) (13,010,564) (19,714,647) (6,704,083)

Total Other Financing Sources (Uses) 2,795,393 1,945,559 (6,884,686) (8,830,245)

Net Change in Fund Balance (1,624,338) (9,571,773) 21,821,213 31,392,986

Adjustment (24,597,808) (24,597,808) (24,597,808) -

Fund Balance - Beginning 254,796,638 254,796,638 254,796,638 -

Change in Accounting Principle (see Note I. E.) 11,168,305 11,168,305 11,168,305 -

Increase (Decrease) in Inventories - - 425,117 425,117

Fund Balance - Ending 239,742,797$ 231,795,362$ 263,613,465$ 31,818,103$

FOR THE YEAR ENDED DECEMBER 31, 2019

BUDGETED AMOUNTS

RAMSEY COUNTY, MINNESOTA

GENERAL FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGETARY COMPARISONS (NON-GAAP BUDGETARY BASIS)

The notes to the required supplementary information are an integral part of this schedule.

86

Table of Contents

SCHEDULE 2

RAMSEY COUNTY, MINNESOTA

TRANSIT AND TRANPORTATION IMPROVEMENT SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGETARY COMPARISONS (NON-GAAP BUDGETARY BASIS)

FOR THE YEAR ENDED DECEMBER 31, 2019

ACTUAL VARIANCE WITH

AMOUNTS ON A FINAL BUDGET

BUDGETARY OVER

ORIGINAL FINAL BASIS (UNDER)

REVENUES

Taxes 11,000,000$ 11,000,000$ 46,200,789$ 35,200,789$

Intergovernmental - - 899,757 899,757

Investment Earnings - - 712,847 712,847

Miscellaneous - - 556,883 556,883

Total Revenues 11,000,000 11,000,000 48,370,276 37,370,276

EXPENDITURES

Current:

Transportation 11,000,000 11,000,000 8,897,385 (2,102,615)

Total Expenditures 11,000,000 11,000,000 8,897,385 (2,102,615)

Net Change in Fund Balance - - 39,472,891 39,472,891

Adjustment 164,790 164,790 164,790 -

Fund Balance - Beginning 44,889,849 44,889,849 44,889,849 -

Fund Balance - Ending 45,054,639$ 45,054,639$ 84,527,530$ 39,472,891$

BUDGETED AMOUNTS

The notes to the required supplementary information are an integral part of this schedule.

87

Table of Contents

SCHEDULE 3

2019 2018

Total OPEB Liability

Service cost 2,942,009$ 6,324,679$

Interest 14,124,825 10,718,073

Differences between expected and actual experience 11,062,781 -

Changes of assumptions (4,011,429) (106,839,567)

Benefit payments (12,954,265) (13,694,457)

Net change in total OPEB liability 11,163,921$ (103,491,272)$

Total OPEB Liability - Beginning 220,840,122 324,331,394

Total OPEB Liability - Ending (a) 232,004,043$ 220,840,122$

Plan Fiduciary Net Position

Contributions - employer 12,954,265$ 87,836,753$

Net investment income 16,866,535 (3,231,657)

Administrative expense (5,093) (2,403)

Benefit payments (12,954,265) (13,694,457)

Net change in plan fiduciary net position 16,861,442$ 70,908,236$

Total Plan Fiduciary Net Position - Beginning 70,908,236 -

Total Plan Fiduciary Net Position - Ending (b) 87,769,678$ 70,908,236$

Net OPEB Liability (Asset) - Ending (a) - (b) 144,234,365$ 149,931,886$

Plan fiduciary net position as a percentage of the total OPEB liability 37.8% 32.1%

Covered-employee payroll for the measurement period 270,055,272$ 256,509,636$

Net OPEB liability (asset) as a percentage of covered-employee payroll 53.4% 58.5%

This schedule is intended to show information for ten years. Additional years will be displayed as they become available.

RAMSEY COUNTY, MINNESOTA

SCHEDULE OF CHANGES IN NET OPEB LIABILITY AND RELATED RATIOS

OTHER POST-EMPLOYMENT BENEFIT PLAN

This schedule is intended to show information for ten years. Additional years will be

displayed as they become available.

The notes to the required supplementary information are an integral part of this schedule.

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Table of Contents

SCHEDULE 5

SCHEDULE OF PROPORTIONATE SHARE OF NET PENSION LIABILITY

PERA GENERAL EMPLOYEES RETIREMENT PLAN

DECEMBER 31, 2019

Measurement

Date

Employer's

Proportion

(Percentage) of

the Net Pension

Liability (Asset)

Employer's

Proportionate

Share (Amount) of

the Net Pension

Liability (Asset) (a)

State's

Proportionate

Share of the Net

Pension Liability

Associated with

Ramsey County

(b)

Employer's

Proportionate

Share of the Net

Pension Liability

and the State's

Related Share of

the Net Pension

Liability (Asset)

(a+b)

Covered Payroll

(c)

Employer's

Proportionate

Share of the Net

Pension Liability

(Asset) as a

Percentage of

Covered Payroll

(a+b/c)

Plan Fiduciary

Net Position as

a Percentage of

the Total

Pension

Liability

2019 3.2167% 177,844,138$ 5,527,593$ 183,371,731$ 218,740,387$ 83.83% 80.23%

2018 3.2466% 180,108,057 5,907,700 186,015,757 218,182,960 85.26% 79.53%

2017 3.4018% 217,168,667 2,730,724 219,899,391 219,149,560 100.34% 75.90%

2016 3.2633% 264,963,774 3,460,610 268,424,384 202,503,293 132.55% 68.90%

2015 3.3476% 173,490,006 N/A 173,490,006 196,742,135 88.18% 78.20%

SCHEDULE 6

SCHEDULE OF CONTRIBUTIONS

PERA GENERAL EMPLOYEES RETIREMENT PLAN

DECEMBER 31, 2019

Year Ending

Statutorily

Required

Contributions (a)

Actual

Contributions in

Relation to the

Statutorily

Required

Contributions

(b)

Contribution

(Deficiency) Excess

(b-a)

Covered Payroll

(c)

Actual

Contribution as a

Percentage of

Covered Payroll

(b/c)

2019 17,494,915$ 17,494,915$ -$ 233,265,533$ 7.50%

2018 16,636,812 16,636,812 - 221,824,161 7.50%

2017 16,140,658 16,140,658 - 215,208,773 7.50%

2016 15,536,717 15,536,717 - 207,156,227 7.50%

2015 15,484,241 15,484,241 - 206,456,551 7.50%

This schedule is intended to show information for ten years. Additional years will be displayed as they become available. The County's year-end is December

31.

RAMSEY COUNTY, MINNESOTA

This schedule is intended to show information for ten years. Additional years will be displayed as they become available. The measurement date for each year

is June 30.

RAMSEY COUNTY, MINNESOTA

The notes to the financial statements are an integral part of this statement.

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Table of Contents

SCHEDULE 7

SCHEDULE OF PROPORTIONATE SHARE OF NET PENSION LIABILITY

PERA PUBLIC EMPLOYEES POLICE AND FIRE RETIREMENT PLAN

DECEMBER 31, 2019

Measurement Date

Employer's

Proportion

(Percentage) of

the Net Pension

Liability (Asset)

Employer's

Proportionate Share

(Amount) of the Net

Pension Liability

(Asset) (a)

Covered Payroll

(b)

Employer's

Proportionate Share

of the Net Pension

Liability (Asset) as a

Percentage of

Covered Payroll

(a/b)

Plan Fiduciary

Net Position as a

Percentage of

the Total

Pension Liability

2019 1.8981% 20,207,192$ 18,925,089$ 106.77% 89.26%

2018 1.7846% 19,021,998 18,808,728 101.13% 88.84%

2017 1.9560% 26,408,328 20,073,185 131.56% 85.43%

2016 1.7290% 69,387,778 16,609,611 417.76% 63.88%

2015 1.8550% 21,077,141 16,979,853 124.13% 86.60%

SCHEDULE 8

SCHEDULE OF CONTRIBUTIONS

PERA PUBLIC EMPLOYEES POLICE AND FIRE RETIREMENT PLAN

DECEMBER 31, 2019

Year Ending

Statutorily

Required

Contributions (a)

Actual Contributions

in Relation to the

Statutorily Required

Contributions (b)

Contribution

Deficiency (Excess)

(a-b)

Covered Payroll

(c)

Actual

Contribution as a

Percentage of

Covered Payroll

(b/c)

2019 3,386,285$ 3,386,285$ -$ 19,978,083$ 16.95%

2018 3,154,940 3,154,940 - 19,474,938 16.20%

2017 3,022,167 3,022,167 - 18,655,352 16.20%

2016 2,983,284 2,983,284 - 18,415,333 16.20%

2015 2,784,472 2,784,472 - 17,188,096 16.20%

This schedule is intended to show information for ten years. Additional years will be displayed as they become available. The

County's year-end is December 31.

RAMSEY COUNTY, MINNESOTA

This schedule is intended to show information for ten years. Additional years will be displayed as they become available. The

measurement date for each year is June 30.

RAMSEY COUNTY, MINNESOTA

The notes to the financial statements are an integral part of this statement.

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SCHEDULE 9

SCHEDULE OF PROPORTIONATE SHARE OF NET PENSION LIABILITY

PERA PUBLIC EMPLOYEES CORRECTIONAL PLAN

DECEMBER 31, 2019

Measurement Date

Employer's

Proportion

(Percentage) of

the Net Pension

Liability (Asset)

Employer's

Proportionate Share

(Amount) of the Net

Pension Liability

(Asset) (a)

Covered Payroll

(b)

Employer's

Proportionate Share

of the Net Pension

Liability (Asset) as a

Percentage of

Covered Payroll

(a/b)

Plan Fiduciary

Net Position as a

Percentage of

the Total

Pension Liability

2019 12.5545% 1,738,171$ 25,755,211$ 6.75% 98.17%

2018 12.4958% 2,055,184 25,521,029 8.05% 97.64%

2017 12.7300% 36,280,627 25,451,211 142.55% 67.89%

2016 13.0000% 47,490,820 24,477,703 194.02% 58.16%

2015 12.7500% 1,971,150 22,909,243 8.60% 96.90%

SCHEDULE 10

SCHEDULE OF CONTRIBUTIONS

PERA PUBLIC EMPLOYEES CORRECTIONAL PLAN

DECEMBER 31, 2019

Year Ending

Statutorily

Required

Contributions (a)

Actual Contributions

in Relation to the

Statutorily Required

Contributions

(b)

Contribution

Deficiency (Excess)

(a-b)

Covered Payroll

(c)

Actual

Contribution as a

Percentage of

Covered Payroll

(b/c)

2019 2,266,450$ 2,266,450$ -$ 25,902,286$ 8.75%

2018 2,311,734 2,311,734 - 26,419,815 8.75%

2017 2,196,141 2,196,141 - 25,098,754 8.75%

2016 2,133,666 2,133,666 - 24,384,754 8.75%

2015 2,141,634 2,141,634 - 24,475,819 8.75%

This schedule is intended to show information for ten years. Additional years will be displayed as they become available. The

County's year-end is December 31.

RAMSEY COUNTY, MINNESOTA

This schedule is intended to show information for ten years. Additional years will be displayed as they become available. The

measurement date for each year is June 30.

RAMSEY COUNTY, MINNESOTA

The notes to the financial statements are an integral part of this statement.

92

Table of Contents

Budgetary Information

The County Board adopts an annual budget for the General Fund and the Transit and Transportation Improvement

Special Revenue Fund. The annual budget for the General Fund does not include budgeted amounts for Self-

Insurance or Fiduciary Activities. These activities are not included due to the nature of the activities.

The Statement of Revenues, Expenditures and Changes in Fund Balances for Governmental Funds is prepared on a

GAAP basis. Results of operations included in the Schedule of Revenues, Expenditures, and Changes in Fund Balances

Budget and Actual is presented on a Non-GAAP budgetary basis. The primary difference between the two bases of

accounting is that the “actual amounts on a budgetary basis” column includes encumbrances and does not include

expenditures from prior year budget reserves.

Adjustments necessary to convert actual expenditures reported on the budgetary basis in the Schedule of Revenues,

Expenditures and Changes in Fund Balances – Budget and Actual to the GAAP basis as reported in the Statement of

Revenues, Expenditures and Changes in Fund Balances - Governmental Funds are:

Based on a process established by the County Manager and staff, all departments of the government submit requests

for appropriations to the County Manager every two years. After review, analysis and discussions with the

departments, the County Manager’s proposed budget is presented to the County Board for review. The Board holds

public hearings and a final budget must be prepared and adopted no later than December 31.

The appropriated budget is prepared by fund, function, and department. Budgets may be amended during the year

with the approval of the County Manager or County Board as required by the County’s Administrative Code. The

County Manager is authorized to transfer budgeted amounts within departments or appropriate certain revenues

received in excess of the original budget estimate. Transfers of appropriations between service teams and other

transfers of appropriations require County Board approval. Supplemental appropriations are reviewed by the County

Manager’s office and submitted to the County Board for their approval. If approved, the adjustments are

implemented by the Finance Department by budget revision. Supplemental appropriations required during the year

were immaterial. Expenditures may not legally exceed budgeted appropriations at the department level. All

appropriations, which are not expended, or encumbered, lapse at year end.

The unbudgeted revenue includes items which are received by the County and then disbursed immediately to other

entities. For example, payroll taxes are reported as revenue and immediately distributed to the appropriate entity.

General

Transit and

Transportation

Improvement

Actual Expenditures – Budgetary Basis $ 476,938,160 $ 8,897,385

Decrease:

Encumbrances (8,541,549) -

Increase:

Expenditures in 2019 from December 31, 2018 232,387,279 (164,790)

Expenditures – GAAP Basis $ 700,783,890 $ 8,732,595

Unbudgeted Transfers $ - $ -

Unbudgeted Revenue (199,247,922) -

Encumbrances (8,541,549) -

Expenditures in 2019 from December 31, 2018 Reserves for

Encumbrances

232,387,279 (164,790)

Adjustment to Reconcile Statement of Revenues,

Expenditures and Changes in Fund Balances – Budget and

Actual to Statement of Revenues, Expenditures and Changes

in Fund Balances

$ 24,597,808 $ (164,790)

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Table of Contents

Encumbrance accounting is employed in governmental funds. Encumbrances (e.g., purchase orders, contracts,

capital reserves, and other commitments for the expenditure of monies) outstanding at year end do not constitute

expenditures or liabilities because the commitments will be reappropriated and honored during the subsequent

year.

Defined Benefit Pension Plans - Changes in Significant Plan Provisions, Actuarial Methods, and Assumptions

The following changes were reflected in the valuation performed on behalf of the Public Employees Retirement

Association for the year end June 30

th

:

General Employees Retirement Plan

2019 Changes

Changes in Actuarial Assumptions

• The mortality projection scale was changed from MP-2017 to MP-2018.

2018 Changes

Changes in Actuarial Assumptions

• The mortality projection scale was changed from MP-2015 to MP-2017.

• The assumed benefit increase was changed from 1.00 percent per year through 2044 and 2.50 percent per

year thereafter to 1.25 percent per year.

Changes in Plan Provisions

• The augmentation adjustment in early retirement factors is eliminated over a five-year period starting July

1, 2019, resulting in actuarial equivalence after June 30, 2024.

• Interest credited on member contributions decreased from 4.00 percent to 3.00 percent, beginning July 1,

2018.

• Deferred augmentation was changed to 0.00 percent, effective January 1, 2019. Augmentation that has

already accrued for deferred members will still apply.

• Contribution stabilizer provisions were repealed.

• Postretirement benefit increases were changed from 1.00 percent per year with a provision to increase to

2.50 percent upon attainment of 90.00 percent funding ratio to 50.00 percent of the Social Security Cost of

Living Adjustment, not less than 1.00 percent and not more than 1.50 percent, beginning January 1, 2019.

• For retirements on or after January 1, 2024, the first benefit increase is delayed until the retiree reaches

normal retirement age; does not apply to Rule of 90 retirees, disability benefit recipients, or survivors.

• Actuarial equivalent factors were updated to reflect revised mortality and interest assumptions.

2017 Changes

Changes in Actuarial Assumptions

• The combined service annuity (CSA) loads were changed from 0.80 percent for active members and 60.00

percent for vested and non-vested deferred members. The revised CSA load are now 0.00 percent for active

member liability, 15.00 percent for vested deferred member liability, and 3.00 percent for non-vested

deferred member liability.

• The assumed postretirement benefit increase rate was changed for 1.00 percent per year for all years to

1.00 percent per year through 2044 and 2.50 percent per year thereafter.

• Minneapolis Employees Retirement Fund plan provisions change the employer supplemental contribution

to $21,000,000 in calendar years 2017 and 2018 and returns to $31,000,000 through calendar year 2031.

The state’s required contribution is $16,000,000 in PERA’s fiscal years 2018 and 2019 and returns to

$6,000,000 annually through calendar year 2031.

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Table of Contents

2016 Changes:

Changes in Actuarial Assumptions

• The assumed postretirement benefit increase rate was changed from 1.00 percent per year through 2035

and 2.50 percent per year thereafter to 1.00 percent for all future years.

• The assumed investment return was changed from 7.90 percent to 7.50 percent. The single discount rate

changed from 7.90 percent to 7.50 percent.

• Other assumptions were changed pursuant to the experience study June 30, 2015. The assumed payroll

growth and inflation were decreased by 0.25 percent. Payroll growth was reduced from 3.50 percent to

3.25 percent. Inflation was reduced from 2.75 percent to 2.50 percent.

Public Employees Police and Fire Plan

2019 Changes

Changes in Actuarial Assumptions

• The mortality projection scale was changed from MP-2017 to MP-2018.

2018 Changes

Changes in Actuarial Assumptions

• The mortality projection scale was changed from MP-2016 to MP-2017.

Changes in Plan Provisions

• Postretirement benefit increases were changed to 1.00 percent for all years, with no trigger.

• An end date of July 1, 2048 was added to the existing $9.0 million state contribution.

• Additionally, annual state aid will equal $4.5 million in fiscal years 2019 and 2020, and $9.0 million

thereafter, until the plan reaches 100 percent funding, or July 1, 2048, if earlier.

• Member contributions were changed effective January 1, 2019, and January 1, 2020, from 10.80 percent to

11.30 and 11.80 percent of pay, respectively. Employer contributions were changed effective January 1,

2019, and January 1, 2020, from 16.20 percent to 16.95 and 17.70 percent of pay, respectively. Interest

credited on member contributions decreased from 4.00 percent to 3.00 percent, beginning July 1, 2018.

• Deferred augmentation was changed to 0.00 percent, effective January 1, 2019. Augmentation that has

already accrued for deferred members will still apply.

• Actuarial equivalent factors were updated to reflect revised mortality and interest assumptions.

2017 Changes

Changes in Actuarial Assumptions

• Assumed salary increases were changed as recommended in the June 30, 2016 experience study. The net

effect is proposed rates that average 0.34 percent lower than the previous rates.

• Assumed rates of retirement were changed, resulting in fewer retirements.

• The CSA load was 30.00 percent for vested and non-vested, deferred members. The CSA has been changed

to 33.00 percent for vested members and 2.00 percent for non-vested members.

• The base mortality table for healthy annuitants was changed from the RP-2000 fully generational table to

the RP-2014 fully generational table (with a base year of 2006), with male rates adjusted by a factor of 0.96.

The mortality improvement scale was changed from Scale AA to Scale MP-2016. The base mortality table

for disabled annuitants was changed from the RP-2000 disabled mortality table to the mortality tables

assumed for healthy retirees.

• Assumed termination rates were decreased to 3.00 percent for the first three years of service. Rates beyond

the select period of three years were adjusted, resulting in more expected terminations overall.

• Assumed percentage of married female members was decreased from 65.00 percent to 60.00 percent.

• Assumed age difference was changed from separate assumptions for male members (wives assumed to be

three years younger) and female members (husbands assumed to be four years older) to the assumption

that males are two years older than females.

• The assumed percentage of female members electing joint and survivor annuities was increased.

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Table of Contents

• The assumed postretirement benefit increase rate was changed from 1.00 percent for all years to 1.00

percent per year through 2064 and 2.50 percent thereafter.

• The single discount rate was changed from 5.60 percent per annum to 7.50 percent per annum.

2016 Changes:

Changes in Actuarial Assumptions

• The assumed postretirement benefit increase rate was changed from 1.00 percent per year through 2037

and 2.50 percent per year thereafter to 1.00 percent per year for all future years.

• The assumed investment return was changed from 7.90 percent to 7.50 percent. The single discount rate

changed from 7.90 percent to 5.60 percent.

• The assumed payroll growth and inflation were decreased by 0.25 percent. Payroll growth was reduced

from 3.50 percent to 3.25 percent. Inflation was reduced form 2.75 percent to 2.50 percent.

Public Employees Correctional Plan

2019 Changes

Changes in Actuarial Assumptions

• The mortality projection scale was changed from MP-2017 to MP-2018.

2018 Changes

Changes in Actuarial Assumptions

• The single discount rate was changed from 5.96 percent per annum to 7.50 percent per annum.

• The mortality projection scale was changed from MP-2016 to MP-2017.

• The assumed post-retirement benefit increase was changed from 2.50 percent per year to 2.00 percent per

year.

Changes in Plan Provisions

• The augmentation adjustment in early retirement factors is eliminated over a five-year period starting July

1, 2019, resulting in actuarial equivalence after June 30, 2024.

• Interest credited on member contributions decreased from 4.00 percent to 3.00 percent, beginning July 1,

2018.

• Deferred augmentation was changed to 0.00 percent, effective January 1, 2019. Augmentation that has

already accrued for deferred members will still apply.

• Postretirement benefit increases were changed from 2.50 percent per year with a provision to reduce to

1.00 percent if the funding status declines to a certain level, to 100 percent of the Social Security Cost of

Living Adjustment, not less than 1.00 percent and not more than 2.50 percent, beginning January 1, 2019.

If the funding status declines to 85.00 percent for two consecutive years or 80.00 percent for one year, the

maximum increase will be lowered to 1.50 percent.

• Actuarial equivalent factors were updated to reflect revised mortality and interest assumptions.

2017 Changes

Changes in Actuarial Assumptions

• The base mortality table for healthy annuitants was changed from the RP-2000 fully generational table to

the RP-2014 fully generational table (with a base year of 2006), with male rates adjusted by a factor of 0.96.

The mortality improvement scale was changed from Scale AA to Scale MP-2016, and is applied to healthy

and disabled members. The base mortality table for disabled annuitants was changed from the RP-2000

disabled mortality table to the RP-2014 disabled annuitant mortality table (with future mortality

improvement according to MP-2016).

• The CSA load was 30.00 percent for vested and non-vested, deferred members. The CSA has been changed

to 35.00 percent for vested members and 1.00 percent for non-vested members.

• The single discount rate was changed from 5.31 percent per annum to 5.96 percent per annum.

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Table of Contents

2016 Changes:

Changes in Actuarial Assumptions

• The assumed investment return was changed from 7.90 percent to 7.50 percent. The single discount rate

changed from 7.90 percent to 5.31 percent.

• The assumed payroll growth and inflation were decreased by 0.25 percent. Payroll growth was reduced

from 3.50 percent to 3.25 percent. Inflation was reduced from 2.75 percent to 2.50 percent.

Other Postemployment Benefits Funding Status

In 2018, Ramsey County implemented Governmental Accounting Standards Board (GASB), Statement No. 75,

Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. In 2012, the County

established a revocable trust which was converted to an irrevocable trust in 2018, pursuant to Minnesota

Statutes Section 471.6175 to prefund a portion of the liability of the plan. The County established the trust

account in December 2012 through resolution B2012-331. The trust was funded with fund balance from the

internal service fund set up for Retiree Insurance.

Actuarially determined contribution rates are calculated as of the December 31, 2019 valuation date,

measured at December 31, 2019.

Methods and assumptions used to determine the total OPEB liability:

Actuarial assumptions used are based on County experience and drawn from the Public Employees

Retirement Association of Minnesota (PERA) July 1, 2019 Actuarial Valuations. This is deemed appropriate

because participants in the County’s plan are assumed to be participants in one of the PERA pension plans.

Actuarial cost method Entry age

Amortization method 5-year straight-line amortization method

Amortization period 5 years

Asset valuation method Market value

Inflation 2.5%

Healthcare cost trend rates 6.40% for FY2019, gradually decreasing over several decades to an

ultimate rate of 4.0% in FY2075 and later years.

Investment rate of return 6.5%

Retirement age In the 2019 actuarial valuation, expected retirement ages were based

on County experience and drawn from the PERA July 1, 2019 Actuarial

Valuations

Mortality:

General employees Based on Minnesota PERA’s actuarial valuation, mortality rates were

based on RP-2014 mortality tables with projected mortality

improvements based on scale MP-2018, and other adjustments.

Police & Fire and Correctional Based on Minnesota PERA’s actuarial valuation, mortality rates were

based on RP-2014 mortality tables with projected mortality

improvements based on Scale AA, and other adjustments, which is a

change from prior year which used the RP-2000 mortality table.

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Table of Contents

Changes in Actuarial Assumptions

The following changes in actuarial assumptions occurred in:

2019

• Healthcare trend rates were reset to reflect updated cost increase expectations, including the repeal

of the Affordable Care Act’s Excise Tax on high-cost health insurance plans.

• Medical per capita claims costs were updated to reflect recent experience.

• Withdrawal, retirement, mortality and salary increase rates were updated from the rates used in the

7/1/2016 PERA General Employees Plan, 7/1/2016 Police & Fire Plan, and 7/1/2016 PERA Correctional

Plan valuations to the rates used in the 7/1/2019 valuations.

• The payroll growth assumption was changed from 3.50% to 3.25% based on the 7/1/2019 PERA

valuations.

• Assumed sick leave accruals were changed from 41 hours of sick leave per year to 38 hours per year to

reflect current average accruals of benefiting group.

2018

• The discount rate changed from 3.31% to 6.5%.

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Table of Contents

MAJOR FUND

BUDGET &

ACTUAL

SCHEDULE

Table of Contents

SCHEDULE 11

BUDGETARY COMPARISONS (NON-GAAP BUDGETARY BASIS)

ACTUAL VARIANCE WITH

AMOUNTS ON FINAL BUDGET

BUDGETARY OVER

ORIGINAL FINAL BASIS (UNDER)

REVENUES

Taxes 23,158,524$ 23,158,524$ 23,959,226$ 800,702$

Intergovernmental 1,045,612 1,045,612 472,928 (572,684)

Investment Earnings - - 879,185 879,185

Miscellaneous 1,676,185 1,676,185 - (1,676,185)

Total Revenues 25,880,321 25,880,321 25,311,339 (568,982)

EXPENDITURES

Debt service:

Principal Retirement 21,515,000 21,515,000 19,300,000 (2,215,000)

Interest 7,495,059 7,495,059 6,644,125 (850,934)

Total Expenditures 29,010,059 29,010,059 25,944,125 (3,065,934)

Excess (Deficiency) of Revenues

over (under) Expenditures (3,129,738) (3,129,738) (632,786) 2,496,952

OTHER FINANCING SOURCES (USES)

Transfers In - - 445 445

Total Other Financing Sources (Uses) - - 445 445

Net Change in Fund Balance (3,129,738) (3,129,738) (632,341) 2,497,397

Adjustment 1,699,428 1,699,428 1,699,428 -

Fund Balance - Beginning 56,404,073 56,404,073 56,404,073 -

Fund Balance - Ending 54,973,763$ 54,973,763$ 57,471,160$ 2,497,397$

RAMSEY COUNTY, MINNESOTA

DEBT SERVICE FUND

BUDGETED AMOUNTS

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

FOR THE YEAR ENDED DECEMBER 31, 2019

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Table of Contents

COMBINING

STATEMENTS

Table of Contents

NONMAJOR GOVERNMENTAL FUNDS

SPECIAL REVENUE FUNDS

To account for and report the proceeds of specific revenue sources that are

restricted or committed to expenditure for specified purposes other than debt

service or capital projects.

County Library -To provide a public library system where governmental units do not maintain their own. The tax

levy is on suburban property only.

Solid Waste/Recycling Service Fee -To account for collection of a waste management service charge imposed by

the County, pursuant to Minnesota Statutes Sections 400.08 and 473.811, Subd. 3A, on all generators of mixed

municipal solid waste. These funds are used to pay for waste management programs throughout the County. A

portion of the funds are remitted to the Recycling and Energy Board (R&EB) for Ramsey County’s share of vendor

service fees for operation of a resource recovery facility. The R&EB is a joint venture with Washington County.

Housing and Redevelopment Authority -To account for funds provided by the U.S. Department of Housing and

Urban Development for development projects in suburban communities benefiting persons of low and moderate

income.

Workforce Solutions -Originally enacted in 1973 under the Comprehensive Employment and Training Act (CETA) and

revised in 1982 by the Federal Government to provide job training and employment opportunities for economically

disadvantaged, unemployed, and underemployed persons. In addition, the fund also accounts for state dislocated

worker programs and the Minnesota Youth Program. Workforce Solutions also performs services under the MFIP

program to assist welfare recipients to prepare for and obtain employment.

State Funding for Courts -To account for funds provided by the State to finance the eventual takeover of the Courts

system.

State Public Defender -To account for funds provided by the State to finance the operations of the Public Defender

Office under the State takeover of the Courts system.

Emergency Communications – To account for funds provided by member cities and the County for multi-agency

dispatching services for law enforcement, fire, and emergency medical responders.

Gifts and Donations – To account for gifts and donations made for various purposes such as books for the libraries,

activities and personal hygiene items for nursing home patients, provision of Home Delivered Meals, etc.

Sheriff – To account for revenues and expenditures dedicated for specific activities and projects of the Sheriff’s

Department.

Corrections – To account for revenues from various sources to benefit Community Corrections clients.

Property Records -To account for certain fees which are to be used for providing modern, retrievable information

from the County’s system of recorded documents.

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Table of Contents

SPECIAL REVENUE FUNDS (Continued)

County Attorney - To account for revenues and expenditures dedicated for specific activities or projects of the

County Attorney’s Office.

Health Promotion/Health Improvement – To account for funds provided by the County’s health insurer for work-

site health promotion purposes.

Parks and Recreation – To account for funds provided by grants and donations to develop an inter-city skating

program and replace/repair buildings and other improvements in the County’s Regional Park & Trail System.

Care Center Patients’ Activity – To account for revenues from donations, canteen and vending machines, and

expenditures for patients’ activities and recreational supplies.

4R Program – To account for the “Reuse, Recycle and Renovate for Reinvestment Program” established by the

County Board, funded with Solid Waste fund balance.

Forfeited Property Management – To account for all funds collected for management and sale of forfeited real

estate.

Law Library – To account for revenues and expenditures of the Law Library. Revenue is derived from fees collected

from certain litigants and expenditures are primarily law books and operational costs to run the Library.

Regional Railroad Authority -To provide for the preservation of a railway corridor for future public transit use and

to provide for the preservation and improvement of local rail service.

CAPITAL PROJECTS FUND

Regional Railroad Authority Capital Projects Fund – To account for financial resources to be used for the

acquisition or construction of major capital assets by the Regional Railroad Authority.

101

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Solid Waste/ Housing and State

County Recycling Redevelopment Workforce Funding

Library Service Fee Authority Solutions For Courts

Special Special Special Special Special

Revenue Fund Revenue Fund Revenue Fund Revenue Fund Revenue Fund

ASSETS

Cash and Cash Equivalents 5,274,314$ 25,566,271$ 535,353$ 2,114,960$ -$

Petty Cash and Change Funds 1,575 - - 450 -

Receivables:

Taxes 133,923 - - - -

Accounts 312 1,847,537 - 5,551 -

Accrued Interest - - 620,689 - -

Due from Other Funds 9,000 20,719 - - -

Due from Other Governments 3,604 4,566 - 5,486,940 119,507

Notes Receivable - 3,889,441 - - -

Loans Receivable - - 8,410,067 - -

Total Assets 5,422,728 31,328,534 9,566,109 7,607,901 119,507

LIABILITIES

Salaries Payable 301,703 121,036 9,785 292,678 42,533

Accounts Payable 415,717 1,628,349 191 896,137 -

Contracts Payable - - - - -

Due to Other Funds - - - - 76,974

Due to Other Governments 2,084 1,210,330 649,113 46,840 -

Unearned Revenue 111,470 - - - -

Advance from Other Funds - - - 4,500,000 -

Total Liabilities 830,974 2,959,715 659,089 5,735,655 119,507

DEFERRED INFLOWS OF RESOURCES

Deferred Inflows 137,527 923 8,410,067 - -

FUND BALANCES

Nonspendable 1,575 - - 450 -

Restricted 4,452,652 28,367,896 167,301 - -

Committed - - 329,652 - -

Assigned - - - 1,871,796 -

Total Fund Balances 4,454,227 28,367,896 496,953 1,872,246 -

Total Liabilities, Deferred Inflows of

Resources and Fund Balances 5,422,728$ 31,328,534$ 9,566,109$ 7,607,901$ 119,507$

RAMSEY COUNTY, MINNESOTA

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS

DECEMBER 31, 2019

102

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STATEMENT 1

State

Public Emergency Gifts and Property

Defender Communications Donations Sheriff Corrections Records

Special Special Special Special Special Special

Revenue Fund Revenue Fund Revenue Fund Revenue Fund Revenue Fund Revenue Fund

1,285,942$ 14,422,820$ 561,460$ 988,687$ 656,512$ 2,154,326$

- - - - - -

- - - - - 3,959

- - - - - -

- 999,124 - 166,579 - -

- - - - - -

- - - - - 651,147

1,285,942 15,421,944 561,460 1,155,266 656,512 2,809,432

90,082 452,979 - 138 - -

- 121,708 38,225 165,026 47,038 -

- - - - - -

- 1,808,877 - 132,389 - -

1,195,860 - - - - -

- - - - - -

1,285,942 2,383,564 38,225 297,553 47,038 -

- 42,495 - - - 651,147

- - - - - -

- - 523,235 846,383 - 2,158,285

- 4,420,829 - - 216,581 -

- 8,575,056 - 11,330 392,893 -

- 12,995,885 523,235 857,713 609,474 2,158,285

1,285,942$ 15,421,944$ 561,460$ 1,155,266$ 656,512$ 2,809,432$

(Continued)

103

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Health Care

Promotion/ Parks Center

County Health and Patients'

Attorney Improvement Recreation Activity 4R Program

Special Special Special Special Special

Revenue Fund Revenue Fund Revenue Fund Revenue Fund Revenue Fund

ASSETS

Cash and Cash Equivalents 771,276$ 138,733$ 798,692$ 72,123$ 2,718,824$

Petty Cash and Change Funds - - - - -

Receivables:

Taxes - - - - -

Accounts - - 550 - -

Accrued Interest - - - - -

Due from Other Funds - - - - 85,970

Due from Other Governments - - - - -

Notes Receivable - - - - -

Loans Receivable - - - - -

Total Assets 771,276 138,733 799,242 72,123 2,804,794

LIABILITIES

Salaries Payable - - - - -

Accounts Payable - 266 - 1,668 48,155

Contracts Payable - - - - -

Due to Other Funds - - - - -

Due to Other Governments - - - - -

Unearned Revenue - - - - -

Advance from Other Funds - - - - -

Total Liabilities - 266 - 1,668 48,155

DEFERRED INFLOWS OF RESOURCES

Deferred Inflows - - - - 85,970

FUND BALANCES

Nonspendable - - - - -

Restricted 771,276 138,467 799,242 70,455 2,670,669

Committed - - - - -

Assigned - - - - -

Total Fund Balances 771,276 138,467 799,242 70,455 2,670,669

Total Liabilities, Deferred Inflows of

Resources and Fund Balances 771,276$ 138,733$ 799,242$ 72,123$ 2,804,794$

RAMSEY COUNTY, MINNESOTA

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS

DECEMBER 31, 2019

104

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STATEMENT 1

(Continued)

Forfeited Regional Regional

Property Law Railroad Railroad Total

Management Library Authority Authority Nonmajor Defined names

Special Special Special Capital Governmental

Revenue Fund Revenue Fund Revenue Fund Projects Fund Funds

1,028,385$ 1,919,079$ 20,575,719$ 32,804,604$ 114,388,080$

- 20 - - 2,045

- - 304,034 - 437,957

3,527,569 215 - - 5,381,734

- - - - 624,648

- - 884,193 - 999,882

- 55,497 - 32,984 6,868,801

- - - - 3,889,441

- - - - 9,061,214

4,555,954 1,974,811 21,763,946 32,837,588 141,653,802

16,900 14,754 - - 1,342,588

68,253 38,056 1,166,804 - 4,635,593

- - - 1,004,277 1,004,277

206,265 9,000 20,719 - 312,958

361,967 154 18,411 202,292 4,432,457

- - - - 1,307,330

- - - - 4,500,000

653,385 61,964 1,205,934 1,206,569 17,535,203

3,527,569 - 304,034 32,984 13,192,716

- 20 - - 2,045

375,000 1,912,827 - - 43,253,688

- - - - 4,967,062

- - 20,253,978 31,598,035 62,703,088

375,000 1,912,847 20,253,978 31,598,035 110,925,883

4,555,954$ 1,974,811$ 21,763,946$ 32,837,588$ 141,653,802$

105

Table of Contents

Solid Waste/ Housing and State

County Recycling Redevelopment Workforce Funding

Library Service Fee Authority Solutions For Courts

Special Special Special Special Special

Revenue Fund Revenue Fund Revenue Fund Revenue Fund Revenue Fund

REVENUES

Taxes 10,982,994$ 200$ -$ 338,789$ -$

Licenses and Permits - 765,020 - - -

Intergovernmental 901,788 1,973,040 960,398 21,284,133 1,669,371

Private Grants and Donations - - - - -

Charges for Services - 22,999,876 - 25,908 -

Fines and Forfeitures 360,002 - - - -

Sales 79,133 - - - -

Rental Income 143,193 - - - -

Investment Earnings 82,732 473,217 159,269 - -

Miscellaneous 78,446 87,730 246,557 307,934 -

Total Revenues 12,628,288 26,299,083 1,366,224 21,956,764 1,669,371

EXPENDITURES

Current:

General Government - - - - 1,669,371

Public Safety - - - - -

Transportation - - - - -

Sanitation - 20,532,808 - - -

Health - - - - -

Human Services - - - - -

Culture and Recreation 12,432,670 - - - -

Economic Development and Assistance - - 1,391,830 16,765,198 -

Total Expenditures 12,432,670 20,532,808 1,391,830 16,765,198 1,669,371

Excess (Deficiency) of Revenues

Over (Under) Expenditures 195,618 5,766,275 (25,606) 5,191,566 -

OTHER FINANCING SOURCES (USES)

Proceeds from Sale of Assets - - - - -

Transfers In - - - - -

Transfers Out (200,000) (850,000) (200,000) - -

Total Other Financing Sources (Uses) (200,000) (850,000) (200,000) - -

Net Change in Fund Balances (4,382) 4,916,275 (225,606) 5,191,566 -

Fund Balances - Beginning 4,458,609 23,451,621 722,559 (3,319,320) -

Fund Balances - Ending 4,454,227$ 28,367,896$ 496,953$ 1,872,246$ -$

FOR THE YEAR ENDED DECEMBER 31, 2019

NONMAJOR GOVERNMENTAL FUNDS

RAMSEY COUNTY, MINNESOTA

COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES

106

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STATEMENT 2

State

Public Emergency Gifts and Property

Defender Communications Donations Sheriff Corrections Records

Special Special Special Special Special Special

Revenue Fund Revenue Fund Revenue Fund Revenue Fund Revenue Fund Revenue Fund

-$ 10,172,262$ -$ -$ -$ 865,399$

- - - 16,859 - -

2,198,392 723,501 - 113,459 - -

- - 225,737 - 41 -

- 6,776,308 - 417,407 176,313 706,340

- - - 245,027 - -

- - - 838,603 621,552 -

- - - - - -

- 74,494 7,392 3,208 342 2,034

- 1,466 24,985 963 478 12,266

2,198,392 17,748,031 258,114 1,635,526 798,726 1,586,039

2,198,392 - 900 - - 1,094,624

- 17,871,766 4,039 1,802,486 798,174 -

- - - - - -

- - 1,737 - - -

- - 20,296 - - -

- - 210,118 - - -

- - - - - -

2,198,392 17,871,766 237,090 1,802,486 798,174 1,094,624

- (123,735) 21,024 (166,960) 552 491,415

- - - 41,654 - -

- - - - 5,556 87,250

- - (59,622) (200,000) - (646,729)

- - (59,622) (158,346) 5,556 (559,479)

- (123,735) (38,598) (325,306) 6,108 (68,064)

- 13,119,620 561,833 1,183,019 603,366 2,226,349

-$ 12,995,885$ 523,235$ 857,713$ 609,474$ 2,158,285$

(Continued)

107

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Health Care

Promotion/ Parks Center

County Health and Patients'

Attorney Improvement Recreation Activity 4R Program

Special Special Special Special Special

Revenue Fund Revenue Fund Revenue Fund Revenue Fund Revenue Fund

REVENUES

Taxes -$ -$ -$ -$ -$

Licenses and Permits - - - - -

Intergovernmental - - 550,399 - -

Private Grants and Donations - - - 19,417 -

Charges for Services - - - - -

Fines and Forfeitures 165,587 - - - -

Sales - - - - -

Rental Income - - - - -

Investment Earnings - - - - -

Miscellaneous - - - - 680,847

Total Revenues 165,587 - 550,399 19,417 680,847

EXPENDITURES

Current:

General Government 253,332 - - - -

Public Safety - - - - -

Transportation - - - - -

Sanitation - - - - 553,970

Health - 1,761 - - -

Human Services - - - 13,601 -

Culture and Recreation - - 312,959 - -

Economic Development and Assistance - - - - -

Total Expenditures 253,332 1,761 312,959 13,601 553,970

Excess (Deficiency) of Revenues

Over (Under) Expenditures (87,745) (1,761) 237,440 5,816 126,877

OTHER FINANCING SOURCES (USES)

Proceeds from Sale of Assets - - - - -

Transfers In - - - 53,966 850,000

Transfers Out - - - - -

Total Other Financing Sources (Uses) - - - 53,966 850,000

Net Change in Fund Balances (87,745) (1,761) 237,440 59,782 976,877

Fund Balances - Beginning 859,021 140,228 561,802 10,673 1,693,792

Fund Balances - Ending 771,276$ 138,467$ 799,242$ 70,455$ 2,670,669$

FOR THE YEAR ENDED DECEMBER 31, 2019

RAMSEY COUNTY, MINNESOTA

COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES

NONMAJOR GOVERNMENTAL FUNDS

108

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STATEMENT 2

(Continued)

Forfeited Regional Regional

Property Law Railroad Railroad Total

Management Library Authority Authority Nonmajor Defined names

Special Special Special Capital Governmental

Revenue Fund Revenue Fund Revenue Fund Projects Fund Funds

-$ -$ 10,507,350$ 13,404,061$ 46,271,055$

- - - - 781,879

- 836 15,841 2,458,058 32,849,216

- - - - 245,195

4,178 771,347 5,739,025 - 37,616,702

- - - - 770,616

1,448,478 - - - 2,987,766

- - 2,416,033 - 2,559,226

- 38,779 290,209 - 1,131,676

20,405 - 37,858 - 1,499,935

1,473,061 810,962 19,006,316 15,862,119 126,713,266

1,127,674 812,872 - - 7,157,165

- - - - 20,476,465

- - 8,450,327 4,740,211 13,190,538

- - - - 21,086,778

- - - - 3,498

- - - - 33,897

- - - - 12,955,747

- - - - 18,157,028

1,127,674 812,872 8,450,327 4,740,211 93,061,116

345,387 (1,910) 10,555,989 11,121,908 33,652,150

- - - - 41,654

- - - - 996,772

(120,295) - (8,910,179) - (11,186,825)

(120,295) - (8,910,179) - (10,148,399)

225,092 (1,910) 1,645,810 11,121,908 23,503,751

149,908 1,914,757 18,608,168 20,476,127 87,422,132

375,000$ 1,912,847$ 20,253,978$ 31,598,035$ 110,925,883$

109

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SCHEDULE 12

RAMSEY COUNTY, MINNESOTA

COUNTY LIBRARY SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGETARY COMPARISONS (NON-GAAP BUDGETARY BASIS)

FOR THE YEAR ENDED DECEMBER 31, 2019

ACTUAL VARIANCE WITH

AMOUNTS ON FINAL BUDGET

BUDGETED AMOUNTS BUDGETARY OVER

ORIGINAL FINAL BASIS (UNDER)

REVENUES

Taxes 10,886,473$ 10,886,477$ 10,982,994$ 96,517$

Intergovernmental 853,549 954,480 901,788 (52,692)

Fines and Forfeitures 500,000 500,000 360,002 (139,998)

Sales 72,500 72,500 79,133 6,633

Rental Income - - 143,193 143,193

Investment Earnings 115,000 115,000 82,732 (32,268)

Miscellaneous - 88,366 78,446 (9,920)

Total Revenues 12,427,522 12,616,823 12,628,288 11,465

EXPENDITURES

Current:

Culture and Recreation 12,652,542 12,841,823 12,182,605 (659,218)

Total Expenditures 12,652,542 12,841,823 12,182,605 (659,218)

Excess (Deficiency) of Revenues

Over (Under) Expenditures (225,020) (225,000) 445,683 670,683

OTHER FINANCING SOURCES (USES)

Transfers Out - (200,000) (200,000) -

Net Change in Fund Balance (225,020) (425,000) 245,683 670,683

Adjustment (250,065) (250,065) (250,065) -

Fund Balance - Beginning 4,458,609 4,458,609 4,458,609 -

Fund Balance - Ending 3,983,524$ 3,783,544$ 4,454,227$ 670,683$

110

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SCHEDULE 13

RAMSEY COUNTY, MINNESOTA

SOLID WASTE/RECYCLING SERVICE FEE SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGETARY COMPARISONS (NON-GAAP BUDGETARY BASIS)

FOR THE YEAR ENDED DECEMBER 31, 2019

VARIANCE

ACTUAL WITH FINAL

AMOUNTS ON A BUDGET

BUDGETED AMOUNTS BUDGETARY OVER

ORIGINAL FINAL BASIS (UNDER)

REVENUES

Taxes -$ -$ 200$ 200$

Licenses and Permits 730,000 730,000 765,020 35,020

Intergovernmental 2,303,055 2,301,122 1,973,040 (328,082)

Charges for Services 19,500,000 19,500,000 22,999,876 3,499,876

Sales 1,000 1,000 - (1,000)

Investment Earnings 40,000 40,000 473,217 433,217

Miscellaneous - 379,290 87,730 (291,560)

Total Revenues 22,574,055 22,951,412 26,299,083 3,347,671

EXPENDITURES

Current:

Sanitation 21,646,294 21,594,361 20,463,186 (1,131,175)

Total Expenditures 21,646,294 21,594,361 20,463,186 (1,131,175)

Excess (Deficiency) of Revenues

Over (Under) Expenditures 927,761 1,357,051 5,835,897 4,478,846

OTHER FINANCING SOURCES (USES)

Transfers Out (850,000) (850,000) (850,000) -

Net Change in Fund Balance 77,761 507,051 4,985,897 4,478,846

Adjustment (69,622) (69,622) (69,622) -

Fund Balance - Beginning 23,451,621 23,451,621 23,451,621 -

Fund Balance - Ending 23,459,760$ 23,889,050$ 28,367,896$ 4,478,846$

111

Table of Contents

SCHEDULE 14

RAMSEY COUNTY, MINNESOTA

EMERGENCY COMMUNICATIONS SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGETARY COMPARISONS (NON-GAAP BUDGETARY BASIS)

FOR THE YEAR ENDED DECEMBER 31, 2019

ACTUAL VARIANCE WITH

AMOUNTS ON A FINAL BUDGET

BUDGETARY OVER

ORIGINAL FINAL BASIS (UNDER)

REVENUES

Taxes 10,172,262$ 10,172,262$ 10,172,262$ -$

Intergovernmental - - 723,501 723,501

Charges for Services 7,266,913 7,566,913 6,776,308 (790,605)

Investment Earnings - - 74,494 74,494

Miscellaneous - - 1,466 1,466

Total Revenues 17,439,175 17,739,175 17,748,031 8,856

EXPENDITURES

Current:

Public Safety 19,384,891 19,684,891 16,991,652 (2,693,239)

Total Expenditures 19,384,891 19,684,891 16,991,652 (2,693,239)

Net Change in Fund Balance (1,945,716) (1,945,716) 756,379 2,702,095

Adjustment (880,114) (880,114) (880,114) -

Fund Balance - Beginning 13,119,620 13,119,620 13,119,620 -

Fund Balance - Ending 10,293,790$ 10,293,790$ 12,995,885$ 2,702,095$

BUDGETED AMOUNTS

112

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SCHEDULE 15

RAMSEY COUNTY, MINNESOTA

4R PROGRAM SPECIAL REVENUE FUND

SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGETARY COMPARISONS (NON-GAAP BUDGETARY BASIS)

FOR THE YEAR ENDED DECEMBER 31, 2019

ACTUAL VARIANCE WITH

BUDGETED AMOUNTS AMOUNTS ON FINAL BUDGET

BUDGETARY OVER

ORIGINAL FINAL BASIS (UNDER)

REVENUES

Miscellaneous 350,000$ 350,000$ 680,847$ 330,847$

Total Revenues 350,000 350,000 680,847 330,847

EXPENDITURES

Current:

Sanitation 1,200,000 1,200,000 580,403 (619,597)

Total Expenditures 1,200,000 1,200,000 580,403 (619,597)

Excess (Deficiency) of Revenues

Over (Under) Expenditures (850,000) (850,000) 100,444 950,444

OTHER FINANCING SOURCES (USES)

Transfers In 850,000 850,000 850,000 -

Net Change in Fund Balance - - 950,444 950,444

Adjustment 26,433 26,433 26,433 -

Fund Balance - Beginning 1,693,792 1,693,792 1,693,792 -

Fund Balance - Ending 1,720,225$ 1,720,225$ 2,670,669$ 950,444$

113

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SCHEDULE 16

RAMSEY COUNTY, MINNESOTA

FORFEITED PROPERTY MANAGEMENT SPECIAL REVENUE FUND

SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGETARY COMPARISONS (NON-GAAP BUDGETARY BASIS)

FOR THE YEAR ENDED DECEMBER 31, 2019

ACTUAL

VARIANCE WITH

BUDGETED AMOUNTS AMOUNTS ON FINAL BUDGET

BUDGETARY OVER

ORIGINAL FINAL BASIS (UNDER)

REVENUES

Charges for Services 8,400$ 8,400$ 4,178$ (4,222)$

Sales 653,024 703,024 1,448,478 745,454

Investment Earnings 1,800 1,800 - (1,800)

Miscellaneous - - 20,405 20,405

Total Revenues 663,224 713,224 1,473,061 759,837

EXPENDITURES

Current:

General Government 663,224 713,224 669,682 (43,542)

Total Expenditures 663,224 713,224 669,682 (43,542)

Excess (Deficiency) of Revenues

Over (Under) Expenditures - - 803,379 803,379

OTHER FINANCING SOURCES (USES)

Transfers Out - - (120,295) (120,295)

Net Change in Fund Balance - - 683,084 683,084

Adjustment (457,992) (457,992) (457,992) -

Fund Balance - Beginning 149,908 149,908 149,908 -

Fund Balance - Ending (308,084)$ (308,084)$ 375,000$ 683,084$

114

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SCHEDULE 17

ACTUAL VARIANCE WITH

AMOUNTS ON A FINAL BUDGET

BUDGETARY OVER

ORIGINAL FINAL BASIS (UNDER)

REVENUES

Taxes 10,393,541$ 10,393,541$ 10,507,350$ 113,809$

Intergovernmental - - 15,841 15,841

Charges for Services - 6,209,453 5,739,025 (470,428)

Investment Earnings - 2,251,974 290,209 (1,961,765)

Rental Income - - 2,416,033 2,416,033

Miscellaneous - - 37,858 37,858

Total Revenues 10,393,541 18,854,968 19,006,316 151,348

EXPENDITURES

Current:

Transportation - 8,461,427 8,449,274 (12,153)

Total Expenditures - 8,461,427 8,449,274 (12,153)

Excess (Deficiency) of Revenues

Over (Under) Expenditures 10,393,541 10,393,541 10,557,042 163,501

OTHER FINANCING SOURCES (USES)

Transfers Out (10,393,541) (10,393,541) (8,910,179) 1,483,362

Net Change in Fund Balance - - 1,646,863 1,646,863

Adjustment (1,053) (1,053) (1,053) -

Fund Balance - Beginning 18,608,168 18,608,168 18,608,168 -

Fund Balance - Ending 18,607,115$ 18,607,115$ 20,253,978$ 1,646,863$

FOR THE YEAR ENDED DECEMBER 31, 2019

BUDGETED AMOUNTS

RAMSEY COUNTY, MINNESOTA

REGIONAL RAILROAD AUTHORITY SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGETARY COMPARISONS (NON-GAAP BUDGETARY BASIS)

115

Table of Contents

INTERNAL SERVICE FUNDS

To account for the financing of goods or services provided by one department or agency to

other departments or agencies of the County, or other governments, on a cost-

reimbursement basis.

Information Services – To provide electronic data processing services to County departments and other governmental units.

It also operates the telephone system in the Ramsey County Government Center-East Building and City/County Courthouse.

General County Buildings – To account for rents received from occupants of several County Buildings and to pay all expenses

incurred in operating and maintaining the building.

Firearms Range – To provide a Firearms Range to law enforcement personnel of the County and other local governments.

Fleet Services –To account for the revenues and expenses of the Fleet Service operations. The Fleet Services is responsible for

comprehensive Fleet operations, including the acquisition and disposal of all new and replacement vehicles and equipment for

all County Departments. Fleet Services will also provide maintenance inspections, and repairs for County vehicles and

equipment.

Retiree Insurance – To account for the County’s contribution to Retiree Insurance and OPEB liability and expense.

Employee Health Insurance – To account for all expenses incurred in providing for Employee health insurance.

116

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STATEMENT 3

General Employee

Information County Firearms Fleet Retiree Health Total Internal

Services Buildings Range Services Insurance Insurance Service Funds

ASSETS

Current Assets:

Cash and Cash Equivalents 8,160,074$ 19,262,893$ 231,113$ 2,005,841$ 5,349,617$ 11,585,644$ 46,595,182$

Petty Cash and Change Funds 75 - - - - - 75

Accounts Receivable 4,713 6,248 - - - - 10,961

Due from Other Governments 10,266 76,303 21,586 21,078 - - 129,233

Prepaid Items 1,138,272 - - - - - 1,138,272

Inventories - - - 172,907 - - 172,907

Restricted Cash and Cash Equivalents - 1,000 - - - - 1,000

Total Current Assets

9,313,400 19,346,444 252,699 2,199,826 5,349,617 11,585,644 48,047,630

Noncurrent Assets:

Property Held for Resale

- 467,423 - - - - 467,423

Capital Assets:

Building Improvements

49,900 9,140,712 - - - - 9,190,612

Improvements Other Than Buildings

111,005 136,077 - - - - 247,082

Machinery and Equipment

9,359,185 685,486 - 25,484,161 - - 35,528,832

Construction in Progress

- 1,332,742 - - - - 1,332,742

Less Accumulated Depreciation

(7,485,625) (7,335,896) - (13,249,176) - - (28,070,697)

Total Capital Assets (Net of

Accumulated Depreciation)

2,034,465 3,959,121 - 12,234,985 - - 18,228,571

Total Noncurrent Assets

2,034,465 4,426,544 - 12,234,985 - - 18,695,994

Total Assets

11,347,865 23,772,988 252,699 14,434,811 5,349,617 11,585,644 66,743,624

DEFERRED OUTFLOWS OF RESOURCES

Deferred Pension Outflows 348,196 203,677 - 43,859 - - 595,732

Deferred OPEB Outflows 232,535 221,161 - 73,791 8,057,831 - 8,585,318

Total Deferred Outflows of Resources 580,731 424,838 - 117,650 8,057,831 - 9,181,050

LIABILITIES

Current Liabilities:

Salaries Payable

357,334 263,231 - 92,389 44,239 - 757,193

Accounts Payable

1,369,469 2,545,788 1,148 315,977 951,492 3,588,199 8,772,073

Due to Other Governments

9,551 70,340 - - - - 79,891

Vacation and Compensatory Time Payable

566,643 446,521 - 188,537 - - 1,201,701

Payable from Restricted Assets:

Customer Deposits Payable

- 1,000 - - - - 1,000

Total Current Liabilities

2,302,997 3,326,880 1,148 596,903 995,731 3,588,199 10,811,858

Noncurrent Liabilities:

Compensated Absences Payable

419,854 492,722 - 124,510 - - 1,037,086

Net Pension Liability

4,368,305 2,912,974 - 1,231,527 - - 8,512,806

Net OPEB Liability

3,481,295 2,927,810 - - 130,413,722 - 136,822,827

Total Noncurrent Liabilities 8,269,454 6,333,506 - 1,356,037 130,413,722 - 146,372,719

Total Liabilities 10,572,451 9,660,386 1,148 1,952,940 131,409,453 3,588,199 157,184,577

DEFERRED INFLOWS OF RESOURCES

Deferred Pension Inflows 1,060,944 528,370 - 153,694 - - 1,743,008

Deferred OPEB Inflows 1,833,370 1,533,742 - (49,000) 68,913,723 - 72,231,835

Total Deferred Inflows of Resources 2,894,314 2,062,112 - 104,694 68,913,723 - 73,974,843

NET POSITION

Net Investment in Capital Assets 2,034,465 3,959,121 - 12,234,985 - - 18,228,571

Unrestricted (3,572,634) 8,516,207 251,551 259,842 (186,915,728) 7,997,445 (173,463,317)

Total Net Position

(1,538,169)$ 12,475,328$ 251,551$ 12,494,827$ (186,915,728)$ 7,997,445$ (155,234,746)$

RAMSEY COUNTY, MINNESOTA

COMBINING STATEMENT OF NET POSITION

INTERNAL SERVICE FUNDS

DECEMBER 31, 2019

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General Employee

Information County Firearms Fleet Retiree Health Total Internal

Services Buildings Range Services Insurance Insurance Service Funds

OPERATING REVENUES:

Charges for Services 21,709,279$ 21,841,083$ 108,661$ 444,993$ 14,181,751$ 43,705,290$ 101,991,057$

Sales - 4,742 4,052 601,572 - - 610,366

Rental - - - 108,607 - - 108,607

Miscellaneous 121,512 667,121 - 10,456 - - 799,089

Total Operating Revenues 21,830,791 22,512,946 112,713 1,165,628 14,181,751 43,705,290 103,509,119

OPERATING EXPENSES:

Personal Services 9,516,891 6,330,944 - 2,218,022 - - 18,065,857

Other Services and Charges 8,866,118 10,804,491 59,223 534,686 - 43,206,476 63,470,994

Supplies 8,230,991 7,259,075 7,308 1,750,931 - - 17,248,305

Other Postemployment Expenses - - - - (5,581,656) - (5,581,656)

Depreciation 917,542 583,189 - 2,579,517 - - 4,080,248

Total Operating Expenses 27,531,542 24,977,699 66,531 7,083,156 (5,581,656) 43,206,476 97,283,748

Operating Income (Loss) (5,700,751) (2,464,753) 46,182 (5,917,528) 19,763,407 498,814 6,225,371

NONOPERATING REVENUES (EXPENSES):

Intergovernmental Revenue 31,209 12,076 - 2,627 - - 45,912

Investment Earnings (Loss) - - - - 83,919 - 83,919

Gain on Sale of Capital Assets - 3,864 - - - - 3,864

Loss on Disposal of Capital Assets - (20) - (215,417) - - (215,437)

Total Nonoperating Revenues (Expenses) 31,209 15,920 - (212,790) 83,919 - (81,742)

Income Before Transfers (5,669,542) (2,448,833) 46,182 (6,130,318) 19,847,326 498,814 6,143,629

Transfers In - - - 6,917,399 - - 6,917,399

Transfers Out (500,000) - - - (368,518) - (868,518)

Total Transfers (500,000) - - 6,917,399 (368,518) - 6,048,881

Change in Net Position (6,169,542) (2,448,833) 46,182 787,081 19,478,808 498,814 12,192,510

Net Position - Beginning 4,631,373 14,924,161 205,369 11,707,746 (206,394,536) 7,498,631 (167,427,256)

Net Position - Ending (1,538,169)$ 12,475,328$ 251,551$ 12,494,827$ (186,915,728)$ 7,997,445$ (155,234,746)$

STATEMENT 4

RAMSEY COUNTY, MINNESOTA

COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION

INTERNAL SERVICE FUNDS

FOR THE YEAR ENDED DECEMBER 31, 2019

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STATEMENT 5

General Employee

Information County Firearms Fleet Retiree Health Total Internal

Services Buildings Range Services Insurance Insurance Service Funds

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts from Customers and Users 247,057$ 4,429,243$ 75,224$ 1,163,935$ -$ -$ 5,915,459$

Receipts from Interfund Services Provided 21,620,432 18,120,727 31,585 - 14,634,188 43,705,290 98,112,222

Payments to Suppliers (16,173,524) (14,647,398) (37,076) (2,414,480) (11,604,778) (43,591,094) (88,468,350)

Payments to Employees (9,859,051) (6,819,580) - (2,260,184) - - (18,938,815)

Payments for Interfund Services Used (465,561) (3,497,664) (43,400) - (1,425,627) - (5,432,252)

Net Cash Provided (Used) for Operating Activities (4,630,647) (2,414,672) 26,333 (3,510,729) 1,603,783 114,196 (8,811,736)

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES

Intergovernmental Revenue 19,586 5,924 - - - - 25,510

Transfers In - - - 6,873,370 - - 6,873,370

Transfers Out (500,000) - - - (368,518) - (868,518)

Net Cash Provided (Used) for Noncapital Financing Activities (480,414) 5,924 - 6,873,370 (368,518) - 6,030,362

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES

Proceeds from the Sale of Capital Assets - 3,864 - - - - 3,864

Purchases of Capital Assets (1,352,675) (2,060,708) - (2,550,955) - - (5,964,338)

Net Cash Provided (Used) for Capital and Related Financing Activities

(1,352,675) (2,056,844) - (2,550,955) - - (5,960,474)

CASH FLOWS FROM INVESTING ACTIVITIES

Investment Earnings (Loss) - - - - 83,919 - 83,919

Net Cash Provided (Used) for Investing Activites - - - - 83,919 - 83,919

Net Increase (Decrease) in Cash and Cash Equivalents (6,463,736) (4,465,592) 26,333 811,686 1,319,184 114,196 (8,657,929)

Cash and Cash Equivalents, January 1 14,623,810 23,729,485 204,780 1,194,155 4,030,433 11,471,448 55,254,111

Cash and Cash Equivalents, December 31 8,160,074 19,263,893 231,113 2,005,841 5,349,617 11,585,644 46,596,182

Reconciliation of Operating Income to Net

Cash Provided (Used) by Operating Activities:

Operating Income (Loss) (5,700,751) (2,464,753) 46,182 (5,917,528) 19,763,407 498,814 6,225,371

Adjustments to Reconcile Operating Income to Net

Cash Provided (Used) by Operating Activities:

Depreciation Expense 917,542 583,189 - 2,579,517 - - 4,080,248

Changes in Assets and Liabilities:

(Increase) Decrease in Accounts Receivable 3,199 35,073 - 108 - - 38,380

(Increase) Decrease in Due From Other Governments 33,497 1,953 (5,903) (1,801) - - 27,746

(Increase) Decrease in Prepaid Items (239,319) - - - - - (239,319)

(Increase) Decrease in Inventories - - - 29,150 - - 29,150

(Increase) Decrease in Deferred Pension Outflows 547,980 478,696 - 123,863 - - 1,150,539

(Increase) Decrease in Deferred OPEB Outflows (123,712) (129,155) - (73,791) (3,999,297) - (4,325,955)

Increase (Decrease) in Salaries Payable 43,257 20,545 - 15,116 16,261 - 95,179

Increase (Decrease) in Accounts Payable 696,704 (88,368) (13,946) (158,013) (2,416) (384,618) 49,343

Increase (Decrease) in Due to Other Governments 640 6,870 - - - - 7,510

Increase (Decrease) in Vacation and Compensatory Time Payable 44,863 87,311 - 32,463 - - 164,637

Increase (Decrease) in Compensated Absences Payable 15,647 69,042 - 13,200 - - 97,889

Increase (Decrease) in Net Pension Liability (51,943) 26,803 - (11,741) - - (36,881)

Increase (Decrease) in Net OPEB Liability Payable (146,793) (139,613) - - (4,895,202) - (5,181,608)

Increase (Decrease) in Deferred Pension Inflows (408,219) (663,396) - (92,272) - - (1,163,887)

Increase (Decrease) in Deferred OPEB Inflows (263,239) (238,869) - (49,000) (9,278,970) - (9,830,078)

Net Cash Provided (Used) by Operating Activities (4,630,647) (2,414,672) 26,333 (3,510,729) 1,603,783 114,196 (8,811,736)

Schedule of non-cash capital and related activities:

Net book value of capital assets disposed

Machinery and Equipment - 20 - 215,417 - - 215,437

Payables for capital assets - machinery and equipment - - - 244,710 - - 244,710

RAMSEY COUNTY, MINNNESOTA

COMBINING STATEMENT OF CASH FLOWS

INTERNAL SERVICE FUNDS

FOR THE YEAR ENDED DECEMBER 31, 2019

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FIDUCIARY FUNDS

To account for assets held by a governmental unit in a trustee capacity

or in a fiduciary capacity for individuals, private organizations,

and other governmental units.

Private Purpose Trust Funds:

Lake Owasso Residence Client Trust – To account for client assets held by the County.

Ramsey County Care Center Client Trust – To account for client assets held by the County.

Investment Pool Custodial:

To account for the investment held by the County in a fiduciary capacity for another governmental

unit. The County does not control these funds.

Custodial Fund:

To account for assets held by the County in a fiduciary capacity for individuals/private organizations,

and other governmental units. The County does not control these funds.

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STATEMENT 6

Lake Owasso Ramsey Total Private

Residence Care Center Purpose

Client Trust Client Trust Trust Funds

ASSETS

Cash and Cash Equivalents 62,584$ 37,283$ 99,867$

Petty Cash and Change Funds 5,275 3,000 8,275

Total Assets 67,859 40,283 108,142

LIABILITIES

Custodial Payable 3,816 1,732 5,548

NET POSITION

Held in Trust for Private Purposes 64,043$ 38,551$ 102,594$

RAMSEY COUNTY, MINNESOTA

COMBINING STATEMENT OF FIDUCIARY NET POSITION

PRIVATE PURPOSE TRUST FUNDS

FOR THE YEAR ENDED DECEMBER 31, 2019

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STATEMENT 7

Lake Owasso Ramsey Total Private

Missing Residence Care Center Purpose

Heirs Client Trust Client Trust Trust Funds

ADDITIONS

Receipts from Clients -$ 124,981$ 91,093$ 216,074$

Investment Earnings - 484 751 1,235

Total Additions - 125,465 91,844 217,309

DEDUCTIONS

Payments to Clients or on Behalf of Clients - 125,623 101,601 227,224

Change in Net Position - (158) (9,757) (9,915)

489,474 64,201 48,308 601,983

(489,474) - - (489,474)

Net Position - Beginning

Change in Reporting Entity (see Note I. F.)

Net Position - Ending

-$ 64,043$ 38,551$ 102,594$

FOR THE YEAR ENDED DECEMBER 31, 2019

RAMSEY COUNTY, MINNESOTA

COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION

PRIVATE PURPOSE TRUST FUNDS

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SUPPLEMENTARY

SCHEDULES

Table of Contents

RAMSEY COUNTY, MINNESOTA

SCHEDULE OF INTERGOVERNMENTAL REVENUES

ALL FUND TYPES

FOR THE YEAR ENDED DECEMBER 31, 2019

Solid Waste/ Housing and State State

General County Recycling Redevelopment Workforce Funding Public Emergency

Fund Library Service Fee Authority Solutions For Courts Defender

Communications

Shared Revenue and Appropriations:

State-

Highway Users Tax 9,433,547$ -$ -$ -$ -$ -$ -$ -$

Aquatic Invasive Species 97,537 - - - - - - -

Market Value Homestead Credit 406 - - - - - - -

Disparity Reduction Aid 260,849 - - - - - - -

County Program Aid 16,788,753 613,093 - - - - - -

Police Aid 1,594,606 - - - - - - -

Enhanced 911 - - - - - - - 723,501

Out of Home Placement Aid 181,232 - - - - - - -

PERA Rate Increase Aid 718,051 21,412 3,718 824 9,372 5,332 6,940 -

Local Performance Aid 25,000 - - - - - - -

PERA Pension Contribution 366,228 - - - - - - -

Total Shared Revenue 29,466,209 634,505 3,718 824 9,372 5,332 6,940 723,501

Reimbursement for Services:

State-

Minnesota Department of

Human Services 14,626,045 - - - - - - -

Total Reimbursement for Services 14,626,045 - - - - - - -

Grants:

State-

Minnesota Department of

Board of Water and Soil Resources 255,192 - - - - - - -

Commerce 314,171 - - - - - - -

Education 906 5,915 - - - - - -

Public Safety 712,851 - - - - - - -

Health 3,500,234 - - - - - - -

Natural Resources 1,558,718 - - - - - - -

Transportation - - - - - - - -

Corrections 11,175,982 - - - - - - -

Human Services 38,755,010 - - - 2,626,253 - - -

Veteran Affairs 37,100 - - - - - - -

Housing Finance 1,176,451 - - - - - - -

Employment & Economic Development - - - - 1,182,084 - - -

Pollution Control - - 1,969,322 - - - - -

Trial Courts - - - - - 1,664,039 - -

Public Defense Board - - - - - - 2,191,452 -

Miscellaneous Boards 223,690 - - - - - - -

Total State 57,710,305 5,915 1,969,322 - 3,808,337 1,664,039 2,191,452 -

Federal-

Department of

Agriculture 9,829,513 - - - 348,765 - - -

Housing and Urban Development 539,416 - - 959,574 - - - -

Justice 1,000,841 - - - - - - -

Labor - - - - 1,889,984 - - -

Transportation 600,526 - - - - - - -

Institute of Museum and Library Services - 16,600 - - - - - -

Education 2,156 - - - - - - -

Executive Office of the President 273,171 - - - - - - -

Health and Human Services 53,706,380 - - - 15,217,675 - - -

Homeland Security 128,026 - - - - - - -

Total Federal 66,080,029 16,600 - 959,574 17,456,424 - - -

Local 4,106,976 226,559 - - 10,000 - - -

Total Grants 127,897,310 249,074 1,969,322 959,574 21,274,761 1,664,039 2,191,452 -

Excess Tax Increment 434,510 - - - - - - -

Payments in lieu of taxes 323,554 18,209 - - - - - -

Total Intergovernmental Revenue 172,747,628$ 901,788$ 1,973,040$ 960,398$ 21,284,133$ 1,669,371$ 2,198,392$ 723,501$

Special Revenue Funds

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SCHEDULE 18

Regional Railroad

Regional Parks Transit and Debt

Authority

Capital Internal

Railroad and Transportation Law Service

Capital Projects

Projects Enterprise Service Total

Authority Sheriff Recreation Improvement Library Fund

Fund

Fund Funds Funds All Funds

-$ -$ -$ -$ -$ 251,658$ -$ 9,358,245$ -$ -$ 19,043,450$

- - - - - - - - - - 97,537

43 - - - - - - - - - 449

- - - - - 1,203 - - - - 262,052

- - - - - 201,811 - - - - 17,603,657

- - - - - - - - 440,338 - 2,034,944

- - - - - - - - - - 723,501

- - - - - - - - - - 181,232

- - - - 836 - - - 54,292 25,510 846,287

- - - - - - - - - - 25,000

- - - - - - - - 27,333 20,402 413,963

43 - - - 836 454,672 - 9,358,245 521,963 45,912 41,232,072

- - - - - - - - - - 14,626,045

- - - - - - - - - - 255,192

- - - - - - - - - - 314,171

- - - - - - - - - - 6,821

- 36,651 - - - - - - - - 749,502

- - - - - - - - - - 3,500,234

- - - - - - - - - - 1,558,718

- - - - - - 160,510 2,222,100 - - 2,382,610

- - - - - - - - - - 11,175,982

- - - - - - - - - - 41,381,263

- - - - - - - - - - 37,100

- - - - - - - - - - 1,176,451

- - - - - - - - - - 1,182,084

- - - - - - - - - - 1,969,322

- - - - - - - - - - 1,664,039

- - - - - - - - - - 2,191,452

- - - - - - - - - - 223,690

- 36,651 - - - - 160,510 2,222,100 - - 69,768,631

- - - - - - - - - - 10,178,278

- - - - - - - - - - 1,498,990

- 76,808 - - - - - - - - 1,077,649

- - - - - - - - - - 1,889,984

- - - - - - 2,297,548 368,628 - - 3,266,702

- - - - - - - - - - 16,600

- - - - - - - - - - 2,156

- - - - - - - - - - 273,171

- - - - - - - - - - 68,924,055

- - - - - - - - - - 128,026

- 76,808 - - - - 2,297,548 368,628 - - 87,255,611

294 - 550,399 899,757 - - - 6,512,745 - - 12,306,730

294 113,459 550,399 899,757 - - 2,458,058 9,103,473 - - 169,330,972

- - - - - - - - - - 434,510

15,504 - - - - 18,256 - - - - 375,523

15,841$ 113,459$ 550,399$ 899,757$ 836$ 472,928$ 2,458,058$ 18,461,718$ 521,963$ 45,912$ 225,999,122$

Special Revenue Funds

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SCHEDULE 19

RAMSEY COUNTY, MINNESOTA

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

FOR THE YEAR ENDED DECEMBER 31, 2019

Federal Grantor

Federal Passed

Pass Through Agency

CFDA Pass-Through Through to

Program or Cluster Title

Number Grant Number Expenditures Subrecipients

Department of Agriculture

Passed Through Minnesota Department of Education:

Child Nutrition Cluster

School Breakfast Program

10.553 ED-02381-01E 15,625$

National School Lunch Program

10.555 ED-02381-01E 28,322

Passed Through Minnesota Department of Health:

Special Supplemental Nutrition Program for Women, Infants

and Children

10.557

32573

3,394,685

Special Supplemental Nutrition Program for Women, Infants

and Children

10.557

12-700-000093

218,263

Total CFDA # 10.557

3,612,948

Passed Through Minnesota Department of Human Services:

SNAP Cluster

State Administrative Matching Grants for the Supplemental

Nutrition Assistance Program

10.561 192MN101S2520 24,559

State Administrative Matching Grants for the Supplemental

Nutrition Assistance Program

10.561 192MN101S2514 6,167,242

State Administrative Matching Grants for the Supplemental

Nutrition Assistance Program

10.561 192MN127Q7503 324,206

Total CFDA # 10.561

6,516,007

Passed Through Minnesota Department of Agriculture:

WIC Farmers' Market Nutrition Program (FMNP)

10.572 B0417F172615 5,376

Total Department of Agriculture

10,178,278 -

Department of Housing and Urban Development

Direct

CDBG - Entitlement Grants Cluster

Community Development Block Grants/Entitlement Grants

14.218 514,607 479,042

Total CFDA # 14.218, $603,398

Continuum of Care Program

14.267 129,417

Passed Through Dakota County Community Development Agency

Home Investment Partnerships Program

14.239 M17DC270203 154,855

Passed Through the City of St. Paul, Minnesota:

CDBG - Entitlement Grants Cluster

Community Development Block Grants/Entitlement Grants

14.218 Not Provided 88,791

Total CFDA # 14.218, $603,398

Lead Hazard Reduction Demonstration Grant Program

14.905 Not Provided 248,250

Total Department of Housing and Urban Development

1,135,920 479,042

Department of Justice

Direct

State Criminal Alien Assistance Program

16.606 148,417

Passed Through Minnesota Department of Public Safety:

Crime Victim Assistance

16.575 A-CVS-2018-RAMSEYAO-00070 89,569

Crime Victim Assistance

16.575 A-CVS-2018-RAMS-SOS-00058 197,323

Total CFDA # 16.575

286,892 -

Violence Against Women Formula Grants

16.588 A-SMART-2019-RAMS-SOS 135,691

Edward Byrne Memorial Justice Assistance Grant Program

16.738 A-JAG-2017-RAMSEYCC 250,815

Total Department of Justice

821,815 -

Department of Labor

Passed Through Minnesota Department of Employment and

Economic Development:

WIOA Cluster

WIA - Adult Programs

17.258 7153100 19,951 1,572

WIA - Adult Programs

17.258 8153100 433,310 34,142

Total CFDA #17.258

453,261 35,714

The notes to the Schedule of Expenditures of Federal Awards are an integral part of this schedule.

125

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SCHEDULE 19

(continued)

Federal Grantor

Federal Passed

Pass Through Agency

CFDA Pass-Through Through to

Program or Cluster Title

Number Grant Number Expenditures Subrecipients

WIA Youth Activities

17.259 7153600 124,020 13,161

WIA Youth Activities

17.259 8153600 719,764 76,378

WIA Youth Activities

17.259 9153600 18,254 1,937

Total CFDA #17.259

862,038 91,476

WIA Dislocated Worker Formula Grants

17.278 7158000 146,881

WIA Dislocated Worker Formula Grants

17.278 8158000 306,361

WIA Dislocated Worker Formula Grants

17.278 9158000 46,508

Total CFDA #17.278

499,750 -

Total Department of Labor

1,815,049 127,190

Department of Transportation

Passed Through the Minnesota Department of Transportation:

Highway Planning and Construction Cluster

Highway Planning and Construction

20.205 SP 31-595-023 2,666,176

Passed Through the Minnesota Department of Public Safety:

Highway Safety Cluster

State and Community Highway Safety

20.600 A-ENFRC19-2019-RAMSEYSD-016 143,604

National Priority Safety Programs

20.616 A-ENFRC19-2019-RAMSEYSD-016 63,430

Minimum Penalties for Repeat Offenders for Driving While

Intoxicated

20.608 A-ENFRC19-2019-RAMSEYSD-016 393,492

Total Department of Transportation

3,266,702 -

Institute of Museum and Library Services

Passed Through Minnesota Department of Education:

Grants to States

45.310 LS-00-19-0024-19 12,356

Total Institute of Museum and Library Services

12,356 -

Department of Education

Passed Through Minnesota Department of Education:

Federal Workstudy Program

84.033 Not Provided 2,156

Total Department of Education

2,156

Department of Health and Human Services

Direct

Family Planning - Services

93.217 462,335

Passed Through Minnesota Department of Human Services:

Guardianship Assistance

93.090 1901MNGARD 81,945

Comprehensive Community Mental Health Services for Children

with Serious Emotional Disturbances (SED)

93.104 Not Provided 17,558

Promoting Safe and Stable Families

93.556 G-1801MNFPSS 90,983

TANF Cluster

Temporary Assistance for Needy Families

93.558 1901MNTANF 13,936,458 5,318,294

Total CFDA # 93.558 $14,931,190

Child Support Enforcement

93.563 1901MNCENT 11,001,568

Child Support Enforcement

93.563 1901MNCSES 857,524

Total CFDA# 93.563

11,859,092

Refugee and Entrant Assistance - State Administered Programs

93.566 1901MNRCMA 10,594

Community-Based Child Abuse Prevention Grants

93.590 G-1801MNBCAP 160,197

CCDF Cluster

Child Care Mandatory and Matching Funds of the Child Care and

Development Fund

93.596 G-1901MNCCDF 1,143,018

Stephanie Tubbs Jones Child Welfare Services Program

93.645 G-1801MNCWSS 60,676

Foster Care - Title IV-E

93.658 9801MNFOST 5,184,527

Adoption Assistance

93.659 1901MNADPT 456,492

Social Services Block Grant

93.667 G-1901MNSOSR 3,622,489

Chafee Foster Care Independence Program

93.674 G-1901MNCILP 24,507

Children's Health Insurance Program

93.767 1905MN5R21 3,020

RAMSEY COUNTY, MINNESOTA

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

FOR THE YEAR ENDED DECEMBER 31, 2019

The notes to the Schedule of Expenditures of Federal Awards are an integral part of this schedule.

126

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SCHEDULE 19

(continued)

RAMSEY COUNTY, MINNESOTA

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

FOR THE YEAR ENDED DECEMBER 31, 2019

Federal Grantor

Federal Passed

Pass Through Agency

CFDA Pass-Through Through to

Program or Cluster Title

Number Grant Number Expenditures Subrecipients

Medicaid Cluster

Medical Assistance Program

93.778 1905MN5ADM 23,896,403

Medical Assistance Program

93.778 1905MN5MAP 34,945

Total CFDA # 93.778 for Medical Assistance Program

23,931,348

Block Grants for Prevention and Treatment of Substance Abuse

93.959 2B08TIO10027-18 716,624

Passed Through Minnesota Department of Health:

Public Health Emergency Preparedness

93.069 CFC-RFA-TP12-12010302SUPP15 46,100

Public Health Emergency Preparedness

93.069 NU90TP921911-01-00 160,395

Total CFDA # 93.069

206,495

Project Grants and Cooperative Agreement for Tuberculosis

Control Programs

93.116 U52PS004701-03 5,737

Childhood Lead Poisoning Prevention Projects-State and Local

Childhood Lead Poisonng Prevention and Surveillance of Blood

Lead Levels in Children

93.197 Not Provided 15,000

Affordable Care Act (ACA) Abstinence Education Program

93.235 12-700-00093 153,326

Universal Newborn Hearing Screening

93.251 H61MC00035-16-02 23,106

Immunization Cooperative Agreements

93.268 67543 71,937

Innovative State and Local Public Health Strategies Prevent and

Manage Diabetes and Heart Disease and Stroke

93.435 Not Provided 91,095

TANF Cluster

Temporary Assistance for Needy Families

93.558 1901MNTANF 994,732

Total CFDA # 93.558 $14,931,190

Maternal, Infant, and Early Childhood Home Visiting Cluster

Maternal, Infant and Early Childhood Home Visiting Grant Program

93.870 118110 1,470,931

Cervical Cancer Early Detection Programs 93.919 SAGE -

HIV Care Formula Grants

93.917 Not Provided 109,776

HIV Prevention Activities - Health Department Based

93.940 38884 302,223

Maternal and Child Health Services Block Grant to the States

93.994 86857 913,888

Passed Through Wayside Recovery

Opioid STR

93.788 Not Provided 10,761

Total Department of Health and Human Services

66,130,870 5,318,294

Executive Office of the President

Direct

High Intensity Drug Trafficking Areas Program

95.001 273,171

Total Executive Office of the President

273,171 -

Department of Homeland Security

Passed Through Minnesota Department of Public Safety:

Homeland Security Grant Program

97.067 A-UASI-2017-RAMSEYCO-0009 83,496

Passed Through Minnesota Department of Natural Resources:

Boating Safety Financial Assistance

97.012 R29G40CGFFY18 44,530

Total Department of Homeland Security

128,026 -

Total Federal Awards

83,764,343$ 5,924,526$

The notes to the Schedule of Expenditures of Federal Awards are an integral part of this schedule.

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SCHEDULE 19

(continued)

RAMSEY COUNTY, MINNESOTA

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

FOR THE YEAR ENDED DECEMBER 31, 2019

Totals by Cluster

Total expenditures for Child Nutrition Cluster

43,947

Total expenditures for SNAP Cluster

6,516,007

Total expenditures for CDBG - Entitlement Grants Cluster

603,398

Total expenditures for WIOA Cluster

1,815,049

Total expenditures for Highway Planning and Construction Cluster

2,666,176

Total expenditures for Highway Safety Cluster

207,034

Total expenditures for TANF Cluster

14,931,190

Total expenditures for CCDF Cluster

1,143,018

Total expenditures for Medicaid Cluster

23,931,348

Total expenditures for Maternal, Infant, and Early Childhood Home Visiting Cluster 1,470,931

The notes to the Schedule of Expenditures of Federal Awards are an integral part of this schedule.

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Table of Contents

RAMSEY COUNTY, MINNESOTA

NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

FOR THE YEAR ENDED DECEMBER 31, 2019

1. Summary of Significant Accounting Policies

A. Reporting Entity

The Schedule of Expenditures of Federal Awards presents the activities of federal award programs

expended by Ramsey County. Ramsey County’s reporting entity is defined in Note I to the financial

statements.

B. Basis of Presentation

The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of

Ramsey County under programs of the federal government for the year ended December 31, 2019.

The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code

of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit

Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected

portion of the operations of Ramsey County, it is not intended to and does not present the financial

position, changes in net position, or cash flows of Ramsey County.

Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such

expenditures are recognized following, as applicable, either the cost principles contained in OMB

Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, or the cost principles

contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are

limited as to reimbursement.

2. De Minimis Cost Rate

Ramsey County has elected not to use the ten percent de minimis indirect cost rate allowed under the Uniform

Guidance.

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Table of Contents

RAMSEY COUNTY, MINNESOTA

NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

FOR THE YEAR ENDED DECEMBER 31, 2019

3. Reconciliation to Schedule of Intergovernmental Revenue

Federal grant revenue per Schedule of Intergovernmental Revenue 87,255,611$

Grants received more than 60 days after year-end, deferred in 2019

Promoting Safe and Stable Families 2,670

Stephanie Tubbs Jones Child Welfare Services Program 8,010

Foster Care Title IV-E

725,454

Maternal, Infant and Early Childhood Home Visiting Grant Program 373,118

Maternal and Child Health Services Block Grant to the States 268,607

Temporary Assistance for Needy Families (TANF) 248,683

Chafee Foster Care Independence Program 5,499

Grants to States

3,604

Grants deferred in 2018, recognized as revenue in 2019

Promoting Safe and Stable Families (59,512)

Stephanie Tubbs Jones Child Welfare Services Program (45,190)

Community Based Child Abuse Prevention Grants (50,975)

Block Grants for Prevention and Treatment of Substance Abuse (69,913)

Chafee Foster Care Independence Program (4,777)

Lead-Based Paint Hazardous Control in Privately-Owned Housing (72,958)

Temporary Assistance for Needy Families (4,194,859)

Workforce Investment Act (WIA) - Adult Program (41,122)

Workforce Investment Act (WIA) - Dislocated Worker Formula Grants (33,813)

State Criminal Alien Assistance Program (255,834)

Grants to State (7,848)

Community Development Block Grants/Entitlement Grants (16,112)

HOME Investment Partnerships Program (274,000)

Expenditures Per Schedule of Expenditures of Federal Awards 83,764,343$

130

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SECTION III STATISTICAL

SECTION

Table of Contents

Page

Financial Trends

132 - 136

Table I - Net Position By Component

Table II - Changes In Net Position

Table III - Fund Balances of Governmental Funds

Table IV - Changes in Fund Balances of Governmental Funds

Revenue Capacity

137 - 139

Table V - Net Tax Capacity and Market Value of Property

Table VI - Property Tax Rates and Tax Levies

Table VII - Property Tax Levies and Collections

Debt Capacity

140 - 143

Table VIII - Ratios Of General Outstanding Debt By Type To Assessed Value, Debt Per Capita And

Personal Income

Table IX - Ratios Of General Bonded Debt Outstanding

Table X - Direct And Overlapping Governmental Activities Debt

Table XI - Legal Debt Margin Information

Demographic and Economic Information

144 - 146

Table XII - Principal Property Taxpayers

Table XIII - Demographic And Economic Statistics

Table XIV - Principal Employers

Operating Information

147 - 151

Table XV - Insurance In Force

Table XVI - Full-Time Equivalent County Employees By Function/Program

Table XVII - Operating Indicators By Function

Table XVIII - Capital Assets Statistics By Function

These schedules present information to help the reader assess the affordability of the County’s

current levels of outstanding debt and the county's ability to issue additional debt in the future.

These schedules offer demographic and economic indicators to help the reader understand the

environment within which the county's financial activities take place and to help make comparisons

over time and with other governments.

These schedules contain information about the county's operations and resources to help the reader

understand how the county's financial information relates to the services the County provides and the

activities it performs.

Statistical Section

This part of Ramsey County's comprehensive annual financial report presents detailed information as a context for

understanding what the information in the financial statements, note disclosures, and required supplementary

information says about the county's overall financial health.

Contents

These schedules contain trend information to help the reader understand how the County’s financial

performance and well-being have changed over time.

These schedules contain information to help the reader assess the factors affecting the County’s

ability to generate its property taxes.

131

Table of Contents

TABLE I

(accrual basis of accounting)

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

* ** *** **** ***** ******

Governmental activities

Net Investment in Capital Assets 504,493,994$ 594,662,081$ 610,410,904$ 621,216,506$ 615,919,275$ 637,343,653$ 665,370,476$ 672,402,507$ 676,647,005$ 713,370,225$

Restricted 85,110,684 120,670,636 108,108,169 99,804,214 93,663,238 66,113,565 127,814,838 116,826,603 172,934,163 211,994,630

Unrestricted 203,149,528 158,982,129 210,455,168 229,002,705 250,775,590 107,388,288 30,217,027 (138,493,173) (97,859,006) (86,841,114)

Total governmental activities net position 792,754,206 874,314,846 928,974,241 950,023,425 960,358,103 810,845,506 823,402,341 650,735,937 751,722,162 838,523,741

Business-type activities

Net Investment in Capital Assets 3,402,305 3,400,278 3,343,942 3,369,326 12,857,516 12,349,349 12,337,899 12,174,665 11,926,626 2,946,142

Unrestricted (4,978,946) (6,808,206) (7,281,627) (7,420,821) (17,458,763) (25,379,353) (26,961,852) (39,392,396) (34,214,061) (24,882,028)

Total business-type activities net position (1,576,641) (3,407,928) (3,937,685) (4,051,495) (4,601,247) (13,030,004) (14,623,953) (27,217,731) (22,287,435) (21,935,886)

Primary government

Net Investment in Capital Assets 507,896,299 598,062,359 613,754,846 624,585,832 628,776,791 649,693,002 677,708,375 684,577,172 688,573,631 716,316,367

Restricted 85,110,684 120,670,636 108,108,169 99,804,214 93,663,238 66,113,565 127,814,838 116,826,603 172,934,163 211,994,630

Unrestricted 198,170,582 152,173,923 203,173,541 221,581,884 233,316,827 82,008,935 3,255,175 (177,885,569) (132,073,067) (111,723,142)

Total primary government net position 791,177,565$ 870,906,918$ 925,036,556$ 945,971,930$ 955,756,856$ 797,815,502$ 808,778,388$ 623,518,206$ 729,434,727$ 816,587,855$

* 2010 Net Position were reclassified due to implementation of GASB 54.

** 2012 Business Activities charges for services were restated.

*** 2015 Governmental and Business Activities were restated due to implementation of GASB 68.

**** 2016 Governmental Activities were restated for Capital Assets.

***** 2017 Governmental and Business type activities were restated due to implementation of GASB 75. In addition the Governmental activities were adjusted for a prior period adjustment.

****** 2019 Governmental Activities includes the implementation of GASB 84.

Fiscal Year

RAMSEY COUNTY, MINNESOTA

NET POSITION BY COMPONENT

LAST TEN FISCAL YEARS

Unaudited

132

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TABLE II

(accrual basis of accounting)

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Expenses

Governmental activities:

General government 115,004,474$ 100,922,870$ 103,272,389$ 107,355,011$ 127,084,891$ 118,584,926$ 114,022,518$ 103,481,190$ 125,813,744$ 310,608,339$

Public safety 123,129,484 120,098,178 126,308,615 122,923,626 139,654,941 133,837,013 170,336,772 157,405,849 145,625,968 144,857,342

Transportation 62,666,799 50,406,476 54,810,668 75,207,790 54,616,336 64,387,013 79,583,363 59,665,236 59,996,674 89,686,661

Sanitation 17,905,242 20,287,792 18,743,427 19,719,836 19,668,328 19,594,580 22,153,910 22,133,102 20,692,584 21,834,184

Health 37,201,753 40,459,379 45,368,902 36,311,200 38,055,782 43,027,461 38,177,114 36,304,607 27,950,169 39,287,219

Human services 158,887,480 156,795,998 161,457,339 157,082,703 154,505,737 163,632,603 180,393,343 184,951,821 174,022,357 192,393,563

Culture and recreation 19,150,384 25,754,548 27,563,253 23,705,512 25,827,682 26,684,186 24,906,568 26,709,251 31,159,845 31,403,842

Conservation of natural resources 363,667 272,732 333,639 319,019 318,442 300,474 246,518 8,733 874,211 2,010,946

Economic development and assistance 32,581,770 26,908,496 24,978,312 25,262,318 22,960,214 24,895,097 23,716,280 22,814,134 19,513,477 18,853,676

Interest 8,549,472 8,556,688 6,461,552 6,283,322 7,595,967 5,764,841 7,331,569 5,964,008 5,529,558 4,177,834

Total governmental activities expenses 575,440,525 550,463,157 569,298,096 574,170,337 590,288,320 600,708,194 660,867,955 619,437,931 611,178,587 855,113,606

Business-type activities:

Lake Owasso Residence 8,494,803 8,809,514 8,788,431 8,831,038 9,220,086 9,488,558 10,793,804 10,495,486 8,125,845 10,179,018

Ramsey County Care Center 15,455,058 15,631,570 15,491,080 15,522,140 16,307,818 17,133,429 17,737,483 17,842,607 14,951,449 17,539,704

Ponds at Battle Creek 683,309 668,899 881,119 611,437 610,213 571,319 - - - -

Vadnais Sports Center - - - - 597,106 1,274,327 1,384,081 1,257,880 1,348,616 -

Law Enforcement Services 5,954,287 6,218,335 6,465,343 6,730,650 7,033,709 6,804,427 7,652,534 7,593,718 8,770,220 9,553,941

Total business-type activities expenses 30,587,457 31,328,318 31,625,973 31,695,265 33,768,932 35,272,060 37,567,902 37,189,691 33,196,130 37,272,663

Total primary government expenses 606,027,982 581,791,475 600,924,069 605,865,602 624,057,252 635,980,254 698,435,857 656,627,622 644,374,717 892,386,269

Program Revenues

Governmental activities:

Charges for Services

General government 20,899,775 20,938,831 21,902,274 23,880,255 26,063,756 31,637,055 27,228,290 27,938,798 26,268,193 208,289,247

Public safety 15,355,653 15,986,359 15,625,893 16,875,698 17,004,098 17,310,255 17,855,910 18,198,562 18,004,676 17,221,727

Transportation 2,140,811 3,808,081 1,912,846 2,442,465 3,610,980 5,389,382 3,091,481 6,743,034 3,029,979 33,359,501

Sanitation 18,331,643 19,067,958 18,952,784 18,420,680 18,549,765 17,171,481 21,285,197 20,211,318 22,053,294 24,512,798

Health 9,148,842 12,421,094 14,262,404 13,614,859 14,610,724 12,127,949 12,358,540 7,545,377 6,174,389 5,749,032

Human services 13,988,585 9,647,165 9,433,423 9,427,711 8,420,833 7,960,558 8,576,225 6,014,399 9,521,993 12,145,264

Culture and recreation 6,160,011 6,131,644 5,562,631 5,293,171 6,639,246 7,094,744 7,147,875 7,105,671 7,365,433 10,308,693

Conservation of natural resources 2,770 - - - 4,098 - - - 784,010 497,412

Economic development and assistance 1,814,382 127,048 367,361 1,674,251 784,359 859,614 910,671 1,003,228 1,527,828 -

Operating grants and contributions:

General government 23,323,019 23,919,526 24,750,203 22,947,112 22,219,305 19,110,271 19,673,578 18,713,229 21,822,942 24,345,311

Public safety 15,177,256 14,421,382 13,081,069 14,352,834 13,793,108 14,961,235 15,204,675 15,087,408 15,462,188 16,761,705

Transportation 7,436,879 8,811,046 8,831,400 10,200,915 32,981,077 38,929,189 43,467,776 30,380,649 24,826,339 4,541,894

Sanitation 2,268,498 3,051,744 2,661,784 1,813,817 1,599,690 1,984,594 1,928,920 1,959,426 1,926,585 1,973,040

Health 14,184,562 11,931,376 11,945,052 13,940,332 15,734,197 19,286,487 16,125,810 14,822,062 15,496,305 14,574,308

Human services 67,546,165 72,884,605 70,559,798 71,595,939 69,002,968 82,200,654 88,191,178 90,565,808 99,745,195 92,797,415

Culture and recreation 1,212,152 1,706,435 2,430,124 1,770,880 2,645,594 4,004,982 4,877,500 3,690,613 2,582,823 7,495,804

Conservation of natural resources - - - - - - - - 540,494 1,536,661

Economic development and assistance 31,630,902 25,579,558 23,578,147 23,229,417 21,889,720 23,316,643 21,267,289 20,584,284 19,708,625 17,318,564

Capital grants and contributions:

Public safety 600,000 - - - - - - - - -

Transportation 43,868,783 77,075,784 49,555,988 31,533,762 1,721,516 3,124,690 4,677,295 1,661,359 2,850,779 368,628

Health - - 10,300,000 - - - - - - -

Culture and recreation 2,863,537 2,892,676 2,263,168 1,200,863 - - - - - -

297,954,225 330,402,312 307,976,349 284,214,961 277,275,034 306,469,783 313,868,210 292,225,225 299,692,070 493,797,004

RAMSEY COUNTY, MINNESOTA

CHANGES IN NET POSITION

LAST TEN YEARS

Total governmental activities program revenues

Unaudited

133

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TABLE II

(Continued)

(accrual basis of accounting)

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Business-type activities:

Charges for Services

Lake Owasso Residence 7,902,212 7,805,181 7,797,620 7,946,574 8,252,204 8,512,694 8,466,395 8,558,612 8,646,944 8,472,229

Ramsey County Care Center 13,725,845 14,112,022 14,169,662 13,804,871 14,438,620 14,615,053 15,745,458 15,397,668 16,883,706 17,547,765

Ponds at Battle Creek 430,432 393,612 568,223 426,384 453,462 508,564 - - - -

Vadnais Sports Center - - - - 698,155 1,605,987 1,426,779 1,588,719 1,711,800 -

Law Enforcement Services 5,695,759 5,907,717 6,248,683 6,428,364 6,591,888 6,839,231 7,097,088 7,248,181 8,527,694 10,026,152

Operating grants and contributions:

Lake Owasso Residence 19,968 19,968 19,968 19,968 19,968 19,968 19,968 19,968 19,968 19,968

Ramsey County Care Center 33,778 33,778 33,778 33,778 33,778 33,778 33,778 33,778 33,778 33,778

Ponds at Battle Creek - - - - - -

Law Enforcement Services 273,109 274,446 243,125 256,555 335,206 250,546 250,546 378,838 343,512 440,884

Capital grants and contributions:

Ramsey County Care Center - - - - - 176,099 - - - -

Ponds at Battle Creek - - - 30,290 - - - - - -

Vadnais Sports Center - - - - - - - - 550 -

28,081,103 28,546,724 29,081,059 28,946,784 30,823,281 32,561,920 33,040,012 33,225,764 36,167,952 36,540,776

358,483,415 358,949,036 337,057,408 313,161,745 308,098,315 339,031,703 346,908,222 325,450,989 335,860,022 530,337,780

Net (Expense)/Revenue

Governmental activities (277,486,300) (220,060,845) (261,321,747) (289,955,376) (313,013,286) (294,238,411) (346,999,745) (327,212,706) (311,486,517) (361,316,602)

Business-type activities (2,506,354) (2,781,594) (2,544,914) (2,748,481) (2,945,651) (2,710,140) (4,527,890) (3,963,927) 2,971,822 (731,887)

Total primary government net expense (279,992,654) (222,842,439) (263,866,661) (292,703,857) (315,958,937) (296,948,551) (351,527,635) (331,176,633) (308,514,695) (362,048,489)

General Revenues and Other Changes in Net Position

Governmental activities:

Property taxes 271,767,557 274,791,919 291,981,045 296,128,119 297,567,581 293,584,616 306,970,667 319,856,449 328,410,636 341,233,619

Wheelage taxes - - - - 3,883,855 4,184,673 4,133,227 4,168,005 8,282,277 8,552,797

Transportation sales and use tax - - - - - - - - 43,476,884 46,200,789

Grants and contributions not restricted

to specific programs 24,414,110 19,330,043 23,052,965 17,673,798 20,502,897 21,309,616 23,872,813 22,792,438 22,841,846 21,791,388

Investment earnings (loss) 4,439,391 5,658,590 2,912,916 (322,081) 3,337,343 3,139,941 4,154,908 5,643,358 10,920,165 20,223,193

Gain/(Loss) on disposal/sale of capital assets 292,520 391,791 - 106,211 383,780 239,872 12,168 183,066 361,037 (10,073)

Special item - capital lease forgiveness - 2,279,995 - - - - - - - -

Transfers (627,228) (830,853) (1,965,784) (2,581,487) (2,327,492) (5,381,751) (2,755,419) (2,626,527) (1,820,103) (1,041,837)

Total governmental activities 300,286,350 301,621,485 315,981,142 311,004,560 323,347,964 317,076,967 336,388,364 350,016,789 412,472,742 436,949,876

Business-type activities:

Grants and contributions not restricted *

to specific programs - - - - - - 69,592 5,287 92,133 27,333

Investment earnings 26,393 106,454 41,112 39,366 31,545 43,520 82,355 90,215 23,084 14,266

Gain/(Loss) on disposal/sale of capital assets 13,474 13,000 8,261 13,818 36,862 (30,674) 26,575 1,429 23,154 -

Transfers 627,228 830,853 1,965,784 2,581,487 2,327,492 5,381,751 2,755,419 2,626,527 1,820,103 1,041,837

Total business-type activities 667,095 950,307 2,015,157 2,634,671 2,395,899 5,394,597 2,933,941 2,723,458 1,958,474 1,083,436

Total primary government 300,953,445 302,571,792 317,996,299 313,639,231 325,743,863 322,471,564 339,322,305 352,740,247 414,431,216 438,033,312

Change in Net Position

Governmental activities 22,800,050 81,560,640 54,659,395 21,049,184 10,334,678 22,838,556 (10,611,381) 22,804,083 100,986,225 75,633,274

Business-type activities (1,839,259) (1,831,287) (529,757) (113,810) (549,752) 2,684,457 (1,593,949) (1,240,469) 4,930,296 351,549

Total primary government 20,960,791$ 79,729,353$ 54,129,638$ 20,935,374$ 9,784,926$ 25,523,013$ (12,205,330)$ 21,563,614$ 105,916,521$ 75,984,823$

* 2012 Business Activities charges for services were restated.

Total primary government program revenues

Total business-type activities program revenues

RAMSEY COUNTY, MINNESOTA

CHANGES IN NET POSITION

LAST TEN FISCAL YEARS

Unaudited

134

Table of Contents

TABLE III

(modified accrual basis of accounting)

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

General Fund

Reserved 37,133,464$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Unreserved

Designated 141,856,001 - - - - - - - - -

Undesignated 32,455,674 - - - - - - - - -

Nonspendable - 18,675,330 16,836,541 15,168,209 20,041,480 12,178,547 11,034,769 25,229,052 14,912,023 40,530,353

Restricted - 155,244 166,478 175,122 183,534 192,399 3,446,383 4,310,129 5,211,009 16,968,105

Committed - 3,819,936 7,321,209 2,042,509 1,693,743 1,693,743 - - 1,693,743 1,693,743

Assigned - 123,848,540 135,304,614 131,842,047 127,675,675 36,771,270 35,011,587 35,395,861 42,669,019 45,923,185

Unassigned - 68,873,130 63,002,311 73,349,901 79,564,043 178,868,624 189,192,643 182,708,988 190,310,844 158,498,079

Total General Fund 211,445,139 215,372,180 222,631,153 222,577,788 229,158,475 229,704,583 238,685,382 247,644,030 254,796,638 263,613,465

All Other Governmental Funds

Reserved 68,136,405 - - - - - - - - -

Unreserved

Designated

Special revenue funds 14,968,937 - - - - - - - - -

Capital projects fund (15,620,875) - - - - - - - - -

Undesignated

Special revenue funds 46,749,281 - - - - - - - - -

Capital projects fund 3,619,867 - - - - - - - - -

Nonspendable - 184,746 191,986 199,071 7,892 5,141 2,195 2,195 2,195 2,045

Restricted - 120,515,392 107,941,691 107,888,830 93,479,704 95,522,341 124,368,455 112,516,474 167,723,154 195,026,525

Committed - 319,835 3,709,807 4,964,496 30,497,112 38,953,862 29,390,586 21,820,461 39,644,016 36,497,146

Assigned - 18,877,749 20,860,177 13,422,547 17,084,241 21,605,109 29,156,814 39,195,099 47,788,918 62,703,088

Unassigned - - - (3,266,335) - 4,618,069 (144,202) (5,278,548) (3,319,770) -

Total all other governmental funds $117,853,615 $139,897,722 132,703,661$ 123,208,609$ 141,068,949$ 160,704,522$ 182,773,848$ 168,255,681$ 251,838,513$ 294,228,804$

Notes: Ramsey County implemented GASB 54 for the fiscal year ended December 31, 2011. Prior year amounts were not restated.

Ramsey County adjusted the beginning 2016 fund balance for a correction of an error. Prior year amounts were not restated.

Ramsey County implemented GASB 84 for the fiscal year ended December 31, 2019. Prior year amounts were not restated.

RAMSEY COUNTY, MINNESOTA

FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS

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TABLE IV

(modified accrual basis of accounting)

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Revenues

Property taxes 270,417,546$ 276,637,814$ 292,649,414$ 297,006,997$ 302,405,800$ 298,815,186$ 311,870,705$ 324,545,481$ 336,623,015$ 349,807,206$

Transportation Sales and Use tax - - - - - - - - 43,476,884 46,200,789

Licenses and permits 1,604,772 1,684,066 1,916,780 2,153,560 1,998,108 1,981,534 2,312,888 2,284,578 2,173,553 1,939,957

Intergovernmental 233,823,832 258,138,049 226,312,391 198,201,205 216,279,971 227,546,693 229,487,446 208,355,251 237,659,623 225,431,247

Private grants and donations 836,528 844,288 600,814 476,655 377,992 895,221 459,225 447,401 857,597 422,752

Charges for services 68,575,275 70,931,808 71,022,943 71,563,871 71,446,921 70,737,847 73,255,161 73,336,975 71,905,977 81,033,813

Fines and forfeitures 807,505 951,329 1,073,697 884,816 1,070,054 1,098,169 930,690 742,084 926,781 770,616

Sales 2,321,665 3,219,897 2,940,134 3,274,937 3,834,945 4,154,900 4,268,763 4,817,533 4,771,930 3,845,206

Rental income 1,653,421 2,255,610 1,353,884 1,684,955 2,613,374 2,892,842 2,936,442 3,633,674 3,441,444 3,475,947

Investment earnings 4,439,391 5,658,590 2,912,916 (322,081) 3,020,220 3,118,283 4,087,072 5,509,513 10,345,027 19,923,462

Program recoveries 5,133,919 3,266,715 4,615,256 4,649,593 3,234,327 3,849,708 6,402,097 1,494,260 2,206,337 1,548,649

Miscellaneous 7,394,250 8,172,571 8,468,698 8,470,337 11,456,683 14,045,578 13,757,904 13,153,791 11,410,384 199,737,391

Total revenues 597,008,104 631,760,737 613,866,927 588,044,845 617,738,395 629,135,961 649,768,393 638,320,541 725,798,552 934,137,035

Expenditures

General government 98,837,741 101,887,173 93,682,790 97,216,767 90,621,432 * 98,190,690 98,409,399 102,826,083 107,961,283 301,689,666

Public safety 114,767,782 115,360,087 118,643,759 120,450,958 126,290,684 * 128,053,676 138,993,762 137,228,262 142,087,983 143,992,959

Transportation 53,379,274 106,867,710 19,948,611 46,168,113 25,419,208 * 26,306,903 25,651,297 26,249,254 37,769,929 47,308,841

Sanitation 17,853,654 20,232,552 18,620,998 19,574,566 20,790,288 * 19,130,710 21,887,307 21,061,822 20,625,288 21,086,778

Health 36,557,504 39,364,298 34,309,365 35,985,653 37,830,992 * 40,663,466 36,661,380 35,644,483 37,188,201 40,175,823

Human services 155,917,420 154,412,108 158,943,945 157,930,908 156,653,900 * 163,910,742 177,983,284 185,792,674 181,372,847 195,855,731

Culture and recreation 20,314,246 21,372,191 21,752,535 20,816,960 21,749,166 * 22,488,998 24,137,111 25,072,646 24,766,950 25,887,570

Conservation of natural resources 52,899 44,626 42,286 39,225 42,133 43,352 32,929 43,037 888,660 2,002,127

Economic development and assistance 32,245,092 26,774,013 25,001,606 25,256,316 23,051,049 24,853,630 23,285,626 22,410,495 19,670,406 18,821,692

Capital outlay 48,901,528 55,988,264 97,658,647 58,460,610 72,308,629 * 67,642,176 74,906,589 39,945,417 35,680,983 68,929,141

Debt service:

Bond issuance costs 296,715 390,268 390,598 352,841 298,047 169,555 472,717 - 303,858 100,740

Principal 14,699,286 15,330,998 25,710,000 35,035,000 31,576,666 22,723,333 29,913,334 30,191,667 41,815,000 17,400,000

Payment to refunded bond escrow agent - - 42,080,000 - - - - - -

Interest 8,793,587 8,909,317 8,724,816 8,475,272 9,166,373 8,388,650 8,410,749 8,569,034 7,339,897 6,844,697

Total expenditures 602,616,728 666,933,605 665,509,956 625,763,189 615,798,567 622,565,881 660,745,484 635,034,874 657,471,285 890,095,765

Excess of revenues over (under) expenditures (5,608,624) (35,172,868) (51,643,029) (37,718,344) 1,939,828 6,570,080 (10,977,091) 3,285,667 68,327,267 44,041,270

Other Financing Sources (Uses):

Bonds Issued 16,500,000 18,500,000 18,500,000 34,700,000 12,800,000 17,945,000 23,335,000 - 11,200,000 10,600,000

Loans Issued - - 20,000,000 - - - - - -

Discount/premium on bonds 508,367 7,408,586 5,065,614 2,718,398 1,236,900 1,426,885 3,218,999 - 2,245,755 999,942

Proceeds from Sale of Assets - 497,594 - - 383,780 288,799 12,168 52,336 26,250 41,654

Refunding Bonds Issued 6,950,000 35,975,000 16,340,000 - 12,550,000 - 13,505,000 - 20,030,000

Redemption of refunded bonds (7,390,000) - - - - - - - -

Transfers in 5,438,950 27,317,878 11,038,983 14,625,426 23,011,729 23,517,483 3,212,764 6,522,365 20,087,202 16,883,656

Transfers out (8,082,975) (31,214,839) (19,319,325) (23,412,538) (27,895,119) (29,430,491) (12,408,893) (15,433,986) (30,852,493) (32,952,826)

Total other financing sources (uses) 13,924,342 58,484,219 51,625,272 28,631,286 22,087,290 13,747,676 30,875,038 (8,859,285) 22,736,714 (4,427,574)

Special Item:

Capital Lease Forgiveness - 2,279,995 - - - - - - - -

Net change in fund balances 8,315,718$ 25,591,346$ (17,757)$ (9,087,058)$ 24,027,118$ 20,317,756$ 19,897,947$ (5,573,618)$ 91,063,981$ 39,613,696$

of noncapital expenditures 4.17% 4.47% 5.76% 7.61% 6.76% 5.31% 6.08% 6.36% 7.63% 2.82%

* Capital outlay amounts were reclassified.

Debt service as a percentage

RAMSEY COUNTY, MINNESOTA

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS

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TABLE V

REAL ESTATE PERSONAL PROPERTY NET LESS TOTAL PERCENT OF

PAYABLE TAXABLE TAXABLE FISCAL TAX INCREMENT TOTAL TAXABLE TAXABLE

FISCAL

COMMERCIAL

NET TAX MARKET NET TAX MARKET DISPARITY NET CAPTURED NET TAX DIRECT MARKET MARKET

PERIOD

RESIDENTIAL INDUSTRIAL

CAPACITY VALUE CAPACITY VALUE (1) TAX CAPACITY CAPACITY (2) TAX RATE VALUE VALUE

2011 347,641,653 176,530,778 524,172,431 42,921,549,600 10,566,921 534,322,500 20,063,169 41,314,153 513,488,368 54.678 43,219,897,400 1.19%

2012 311,038,207 169,547,611 480,585,818 38,746,044,100 9,821,259 498,346,000 17,187,329 39,567,567 468,026,839 61.317 39,244,390,100 1.19%

2013 288,413,459 163,778,574 452,192,033 36,230,777,100 10,342,110 524,899,200 17,227,066 36,112,751 443,648,458 65.240 36,755,676,300 1.21%

2014 290,467,832 164,323,739 454,791,571 36,478,781,600 10,383,426 528,025,300 17,915,338 34,987,307 448,103,028 63.735 37,006,806,900 1.21%

2015 314,379,211 169,713,969 484,093,180 39,369,536,700 10,791,542 548,879,800 19,567,837 33,529,754 480,922,805 58.922 39,918,416,500 1.20%

2016 336,477,866 164,349,138 500,827,004 40,868,476,400 11,332,078 578,215,300 24,505,680 33,509,122 503,155,640 58.885 41,446,691,700 1.21%

2017 362,071,977 173,165,048 535,237,025 43,662,948,000 11,721,219 620,157,700 27,540,809 32,731,581 541,767,472 55.850 44,283,105,700 1.22%

2018 392,016,298 190,183,053 582,199,351 47,328,913,200 12,417,256 660,709,800 28,799,899 36,448,315 586,968,191 53.962 47,989,623,000 1.22%

2019 424,993,421 199,509,996 624,503,417 50,982,725,800 12,316,086 626,413,400 27,937,931 38,778,166 625,979,268 52.880 51,609,139,200 1.21%

2020 457,251,475 204,209,486 661,460,961 54,416,228,600 12,404,303 642,556,000 28,870,636 39,246,531 663,489,369 52.302 55,058,784,600 1.21%

Fiscal Disparity Net Tax Capacity is the increase in the tax base distributed to Ramsey County by the Other metropolitan counties pursuant to M.S. Chapter

(1) 473.F - Metropolitan Revenue distribution. There are no provisions in the law for calculating a market value for the Fiscal Disparity Net Tax Capacity.

All taxable property in Minnesota is listed annually and reappraised at least once every five years with reference to its value on January 2 of that year. Property is currently

(2) appraised at "Market Value," defined as the usual selling price of the property which would be obtained at private sale and not at a forced or auction sale. Statutory percentages

are then applied to this value to determine a property's "Taxable Net Tax Capacity," upon which taxes are levied, extended, and collected. The total net tax capacity is reduced

by the amount of the tax increment financing captured net tax capacity.

RAMSEY COUNTY, MINNESOTA

NET TAX CAPACITY AND MARKET VALUE OF PROPERTY

LAST TEN FISCAL YEARS

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TABLE VI

COUNTY COUNTY

GENERAL FUND GENERAL TOTAL LIBRARY LIBRARY

LEVY PAYABLE GENERAL HUMAN DEBT GENERAL REVENUE DEBT

YEAR YEAR SERVICES SERVICES SERVICE COUNTY (1) (1) TOTAL

TAX RATE AS A PERCENTAGE OF NET TAX CAPACITY (2)

2010 2011 31.119 15.968 3.714 50.801 3.255 0.622 54.678

2011 2012 35.119 17.319 4.507 56.945 3.675 0.697 61.317

2012 2013 37.652 18.265 4.721 60.638 3.875 0.727 65.240

2013 2014 35.999 18.275 4.831 59.105 3.828 0.802 63.735

2014 2015 33.190 16.813 4.459 54.462 3.593 0.867 58.922

2015 2016 32.654 17.056 4.302 54.012 3.796 1.077 58.885

2016 2017 47.207 - 3.966 51.173 3.683 0.994 55.850

2017 2018 45.800 - 3.673 49.473 3.602 0.887 53.962

2018 2019 45.112 - 3.453 48.565 3.484 0.831 52.880

2019 2020 44.818 3.263 48.081 3.432 0.789 52.302

TAX LEVIES

2010 2011 157,450,244 80,792,540 18,791,880 257,034,664 8,467,470 1,618,118 267,120,252

2011 2012 161,283,136 79,536,358 20,699,607 261,519,101 8,637,079 1,638,676 271,794,856

2012 2013 165,256,698 80,169,289 20,721,123 266,147,110 8,750,861 1,640,380 276,538,351

2013 2014 161,969,193 82,223,771 21,735,000 265,927,964 8,771,373 1,839,014 276,538,351

2014 2015 161,798,020 81,960,308 21,735,000 265,493,328 8,897,462 2,147,561 276,538,351

2015 2016 164,476,432 85,907,831 21,671,201 272,055,464 9,628,462 2,732,424 284,416,350

2016 2017 257,968,085 - 21,670,505 279,638,590 10,134,598 2,734,472 292,507,660

2017 2018 270,224,910 - 21,672,050 291,896,960 10,672,435 2,629,802 305,199,197

2018 2019 283,143,292 - 21,673,881 304,817,173 11,010,147 2,626,326 318,453,646

2019 2020 297,767,817 21,675,608 319,443,425 11,491,682 2,642,613 333,577,720

(1) Tax Levy on suburban property only.

(2) Tax rates may be lower in certain tax areas due to Disparity Reduction

Aid paid by the state to governmental units in certain state determined

tax areas.

RAMSEY COUNTY, MINNESOTA

PROPERTY TAX RATES AND TAX LEVIES

LAST TEN FISCAL YEARS

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TABLE VII

PAYABLE

FISCAL YEAR

TAXES LEVIED

FOR THE FISCAL

YEAR (ORIGINAL

LEVY)

PROPERTY TAX

CREDITS (1)

TAXES LEVIED

ON TAXPAYER

ADJUSTMENTS

TOTAL ADJUSTED

LEVY

AMOUNT

PERCENTAGE OF

ORIGINAL LEVY ON

TAXPAYER

COLLECTIONS IN

SUBSEQUENT YEARS

AMOUNT

PERCENTAGE OF

ADJUSTED LEVY

2010 259,971,049 9,196,053 250,774,996 684,747 250,090,249 244,384,790 97.45% 5,645,255 250,030,045 99.98%

2011 267,120,252 9,736,705 257,383,547 1,311,894 256,071,653 252,154,167 97.97% 3,837,091 255,991,258 99.97%

2012 271,794,856 281,830 271,513,026 1,069,739 270,443,287 266,990,571 98.33% 3,363,178 270,353,749 99.97%

2013 276,538,351 262,647 276,275,704 1,022,703 275,253,001 272,492,451 98.63% 2,667,298 275,159,749 99.97%

2014 276,538,351 262,630 276,275,721 1,244,889 275,030,832 272,522,340 98.64% 2,361,850 274,884,190 99.95%

2015 276,538,351 262,894 276,275,457 1,012,383 275,263,074 272,896,122 98.78% 2,222,161 275,118,283 99.95%

2016 284,416,350 262,579 284,153,771 869,215 283,284,556 281,178,822 98.95% 1,929,692 283,108,514 99.94%

2017 292,507,660 262,812 292,244,848 1,361,339 290,883,509 288,772,474 98.80% 1,844,285 290,616,759 99.89%

2018 305,199,197 262,426 304,936,772 304,981 304,631,791 302,353,172 99.15% 1,644,663 303,997,835 99.79%

2019 318,453,646 262,056 318,191,590 2,817,306 315,374,284 313,221,334 98.44% - 313,221,334 99.32%

(1) Payments made by the State for Property Tax relief.

TOTAL COLLECTIONS

FISCAL YEAR OF THE LEVY

TO DATE

RAMSEY COUNTY, MINNESOTA

PROPERTY TAX LEVIES AND COLLECTIONS

LAST TEN FISCAL YEARS

COLLECTED WITHIN THE

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TABLE VIII

RAMSEY COUNTY, MINNESOTA

RATIOS OF GENERAL OUTSTANDING DEBT BY TYPE

TO ASSESSED VALUE, DEBT PER CAPITA AND PERSONAL INCOME

LAST TEN FISCAL YEARS

BUSINESS-TYPE

ACTIVITIES

GENERAL PUBLIC GENERAL TOTAL NET PERCENT OF DEBT PERCENTAGE

OBLIGATION FACILITY LEASE NOTES LOANS OBLIGATION PRIMARY TAX DEBT TO PER OF PERSONAL

YEAR BONDS REV. BONDS PAYABLE PAYABLE BONDS GOVERNMENT CAPACITY TAX CAPACITY CAPITA INCOME

2010 186,548,781 10,810,000 5,522,000 5,998 7,240,897 210,127,676 544,866,274 38.56% 413.12 0.92%

2011 233,404,604 10,235,000 5,327,000 - 8,909,134 257,875,738 513,488,368 50.22% 501.03 1.10%

2012 213,939,833 - 5,122,000 20,000,000 6,254,875 245,316,708 468,026,839 52.42% 471.63 1.02%

2013 214,220,111 - 4,912,000 20,000,000 5,750,382 244,882,493 444,175,623 55.13% 464.92 1.00%

2014 210,783,006 - 4,697,000 16,703,334 5,210,889 237,394,229 448,103,028 52.98% 445.68 0.95%

2015 214,600,752 - 4,472,000 10,065,001 4,651,396 233,789,149 480,922,805 48.61% 438.07 0.90%

2016 228,664,470 - 4,242,000 3,371,667 4,045,684 240,323,821 503,155,640 47.76% 444.51 0.92%

2017 199,784,727 - 4,002,000 - 2,247,633 206,034,360 541,767,472 38.03% 375.99 0.76%

2018 189,581,286 - 3,752,000 - 1,849,584 195,182,870 586,968,191 33.25% 362.80 0.68%

2019 181,925,950 - 3,492,000 - 1,431,535 186,849,485 625,979,268 29.85% 339.53 0.60%

GOVERNMENTAL ACTIVITIES

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TABLE IX

GENERAL LESS PERCENTAGE PERCENTAGE NET

OBLIGATION DEBT SERVICE OF PERSONAL OF NET TAX BONDED DEBT

YEAR BONDS FUNDS TOTAL INCOME CAPACITY PER CAPITA

2010 193,789,678 21,098,378 172,691,300 0.75% 33.63% 339.52

2011 242,313,738 76,339,533 165,974,205 0.71% 34.15% 322.47

2012 220,194,708 44,107,695 176,087,013 0.73% 37.62% 338.53

2013 219,970,493 24,629,153 195,341,340 0.80% 43.98% 370.87

2014 215,993,895 25,890,213 190,103,682 0.76% 42.42% 356.90

2015 216,552,148 * 25,944,486 190,607,662 0.75% 39.63% 354.20

2016 232,710,154 29,974,869 202,735,285 0.78% 40.29% 374.99

2017 202,032,360 31,687,249 170,345,111 0.63% 31.44% 310.86

2018 191,430,870 30,692,510 160,738,360 0.56% 27.60% 298.78

2019 183,357,485 32,731,885 150,625,600 0.50% 24.06% 273.70

* 2015 General Obligation Bonds adjusted to reflect transfer of Ponds at Battle Creek from Business to Governmental activity.

RAMSEY COUNTY, MINNESOTA

RATIOS OF GENERAL BONDED DEBT OUTSTANDING

LAST TEN FISCAL YEARS

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TABLE X

RAMSEY COUNTY, MINNESOTA

DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT

AS OF DECEMBER 31, 2019

Estimated

Share of

Estimated Direct and

Debt Percentage Overlapping

Government Unit Outstanding* Application ** Debt

Debt repaid with property taxes

White Bear Lake 3,330,000$ 98.3% 3,273,390$

City of Spring Lake Park 1,745,928 2.6% 45,743

City of St. Anthony 6,360,000 28.1% 1,787,160

City of Blaine 15,762,119 0.8% 119,792

School District #624 77,560,000 77.8% 60,341,680

School District #622 385,025,000 51.5% 198,287,875

School District #282 30,205,000 38.2% 11,538,310

Metro Council 265,680,000 14.5% 38,523,600

Capital Region Watershed 12,465,000 100.0% 12,465,000

City of Falcon Heights 350,000 100.0% 350,000

City of Gem Lake 590,000 100.0% 590,000

City of St. Paul 133,080,000 100.0% 133,080,000

City of Maplewood 11,825,000 100.0% 11,825,000

City of Mounds View 6,528,158 100.0% 6,528,158

City of North St. Paul 17,570,000 100.0% 17,570,000

City of Roseville 17,495,000 100.0% 17,495,000

City of Shoreview 27,465,000 100.0% 27,465,000

City of Vadnais Heights 5,530,000 100.0% 5,530,000

School District #621 235,390,000 100.0% 235,390,000

School District #623 175,710,000 100.0% 175,710,000

School District #625 469,320,000 100.0% 469,320,000

Port Authority 36,530,000 100.0% 36,530,000

Subtotal, overlapping debt 1,935,516,205 1,463,765,708

Ramsey County Direct Debt 185,417,950 185,417,950

Total direct and overlapping debt 2,120,934,155$ 1,649,183,658$

* Debt Outstanding - That portion of the debt which is financed by tax levies.

** Determined by ratio of net tax capacity of property subject to taxation in overlapping unit

to net tax capacity of property subject to taxation in reporting unit.

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TABLE XI

Legal Debt Margin Calculation for Fiscal Year 2019

Estimated Market Value 53,700,170,500$

Legal Debt Limit (3% of Estimated Market Value) 1,611,005,115

Outstanding Debt Applicable to Limit:

General Obligation Bonds

153,620,000

Less: Amount Set Aside for Repayment of Debt (32,731,885)

Total Net Debt Applicable to Limit 120,888,115

Legal Debt Margin 1,490,117,000$

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Legal Debt Limit 1,380,674,082$ 1,296,596,922$ 1,177,331,703$ 1,103,751,567$ 1,110,204,207$ 1,269,458,952$ 1,314,211,569 1,397,573,628 1,506,115,047 1,611,005,115

Total Net Debt Applicable 174,350,538 159,522,467 166,444,305 185,142,847 180,471,787 181,777,514 155,035,718 138,102,751 129,117,490 120,888,115

to Limit

Legal Debt Margin 1,206,323,544$ 1,137,074,455$ 1,010,887,398$ 918,608,720$ 929,732,420$ 1,087,681,438$ 1,159,175,851$ 1,259,470,877$ 1,376,997,557$ 1,490,117,000$

Note: Limit on debt - Minnesota Statutes, Section 475.53, Subdivision 1 - "Except as otherwise provided -- no municipality, --, shall incur

or be subject to a net debt in excess of 3 percent of the Estimated Market Value of taxable property in the municipality."

RAMSEY COUNTY, MINNESOTA LEGAL

DEBT MARGIN INFORMATION

LAST TEN FISCAL YEARS

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TABLE XII

PRINCIPAL PROPERTY TAXPAYERS

CURRENT YEAR AND NINE YEARS AGO

Percentage Percentage

of Total of Total

Taxable Taxable Taxable Taxable

Net Tax Net Tax Net Tax Net Tax

Taxpayer Type of Business Capacity Rank Capacity Capacity Rank Capacity

NorthernStates Power (Excel Energy) Utility

12,235,838$ 1 1.92% 8,665,101$ 1 1.69%

3M

Industrial and Commercial Products

3,910,193 2 0.61% 4,523,112 2 0.88%

BNSF Railway Co

Railroad

3,556,240 3 0.56%

PPF RTL Roseville Shopping Ctr LLC

Rosedale Center

3,098,356 4 0.49%

Medtronic

Surgical & Medical Instrument

Manufacturing

2,930,350 5 0.46% 2,419,220 5 0.47%

St Paul Fire and Marine Ins Co Insurance

2,074,642 6 0.33% 2,390,042 6 0.47%

Minnesota Mutual life Ins Co.

Insurance

1,998,500 7 0.31%

St Paul Tower LP

Property Management

1,607,676 8 0.25%

CSM Corporation & Investors

Property Management/ Real Estate

Investing (Commercial/ Office/ Hotel/

Townhome)

1,579,044 9 0.25% 2,706,164 4 0.53%

Maplewood Mall Real Estate 1,412,686 10 0.22% 1,559,250 10 0.30%

Cardiac Pacemakers, Inc. Medical Manufacturing

1,718,500 8 0.33%

Compass Retail Inc Real Estate Investing (rosedale) 3,448,500 3 0.67%

Target Corporation

Retail

1,711,512 9 0.33%

Unilev Management Corporation Property Management

1,858,246 7 0.36%

Total

34,403,525$

5.40% 30,999,647$ 6.03%

Payable 2010

Payable 2019

RAMSEY COUNTY, MINNESOTA

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TABLE XIII

Year

Population

a

Personal

Income

(millions of

dollars)

b

Per Capita

Personal

Income

b

Public School

Enrollment

(K-12)

c

Annual Average

Unemployment

Rate

d

2010 508,640 22,897 44,962 84,403 7.0%

2011 514,696 23,349 45,365 82,953 6.6%

2012 520,152 23,991 46,124 85,234 5.8%

2013 526,714 24,507 46,529 86,903 5.0%

2014 532,655 25,045 47,019 87,405 4.2%

2015 533,677 26,076 48,457 87,312 3.5%

2016 540,649 26,916 49,785 87,711 3.6%

2017 547,974 28,654 52,291 92,578 3.3%

2018 537,983 30,226 56,374 88,811 2.7%

2019 550,321 * 54,934 90,028 3.0%

* - Figure for this period is not yet available.

b

U.S. Department of Commerce, Bureau of Economic Analysis.

c

State Department of Education.

d

Minnesota Department of Employment and Economic Security, Research and Planning.

RAMSEY COUNTY, MINNESOTA

DEMOGRAPHIC AND ECONOMIC STATISTICS

LAST TEN FISCAL YEARS

a

Source for 2010 is U.S. Census Bureau; all other years are estimates from

the Metropolitan Council or U.S. Census Bureau.

Unaudited

145

Table of Contents

TABLE XIV

Taxpayer

Approximate

Number of

Employees

Rank

Percentage of

Total County

Employment

Approximate

Number of

Employees

Rank

Percentage of

Total County

Employment

University of Minnesota - Twin Cities 18,000 a,c 1 6.21% 22,703 1 8.92%

State of Minnesota 14,122 a 2 4.87% 15,100 2 5.94%

3M Company (Maplewood) 10,500 3 3.62% 10,000 3 3.93%

Indep. School District #625 6,079 a 4 2.10% 5,953 5 2.34%

Regions Hospital (St. Paul) 5,593 5 1.93% 4,007 8 1.58%

Ramsey County 4,406 6 1.52% 4,183 7 1.64%

Medtronic (Mounds View) 4,000 b 7 1.38%

United/Children's Hospital 3,600 8 1.24% 4,547 6 1.79%

City of St. Paul 2,995 a 9 1.03% 2,649 10 1.04%

Securian Financial Group (Saint Paul) 2,750 10 0.95%

HealthEast (three care centers) 7,210 4 2.83%

U.S. Bank N.A. 3,545 9 1.39%

72,045 24.85% 79,897 31.40%

The number of employees are located within Ramsey County, unless otherwise noted.

a: Includes full- and part-time employees.

b: Represents employees at Mounds View location only. Previous figure represented the company's worldwide

worldwide employment.

c: Includes entire Twin Cities area.

RAMSEY COUNTY, MINNESOTA

PRINICIPAL EMPLOYERS

CURRENT YEAR AND NINE YEARS AGO

Fiscal Year 2019

Fiscal Year 2010

Unaudited

146

Table of Contents

TABLE XV

COMPANY NAME POLICY NUMBER POLICY PERIOD COVERAGE - DEPARTMENTS POLICY LIMIT

Fireman's Fund Insurance

Company (Allianz)

not available

9/22/19-9/22/20

County owned property; tax

forfeited properties; RCRRA

property excluded.

All risk, Full replacement, B&M perils

$500MM; Total Ins Value: $904.169

MM (inc TFP). Excludes VH dome.

$100k deductible/claim.

Travelers 106803617

9/22/19-9/22/2020

Commercial Crime incl. Public

Employee Dishonesty Coverage.

$3,000,000 with $100k deductible.

Travelers 106376299

9/22/19-9/22/2020

Commercial Crime incl.

Employee theft of Client Property.

$3,000,000 with $25,000 deductible.

Reinsurance -

Workers' Compensation

Ramsey County 1/1/19-1/1/20 Self-Funded Vehicle $30,000/$60,000/$10,000

$500,000 per Claim

$1,500,000 per Occurrence

Ramsey County EPP-01-23 1/1/19-1/1/20 Employee Personal Prop. Loss Per RC Board Policy up to $750

Per State Statute - $5,000 Deductible

on purchased insurance program

800 MHZ

Property Fire and Extended,

Boiler and Machinery and Vehicle

and Mobile Equipment

$8,662,000

Boiler and Machinery and Vehicle $25,000 Deductible

and Mobile Equipment

$500,000 per Person/

$1,500,000 per occurrence

includes Cyber liability to $100,000

LAKE OWASSO AND CARE

CENTER

National Indemnity

73 APS 08 3800 1/1/19-1/1/20 Automobile

$1,000,000 CSL plus physical damage

Company of America

(AKA National Liability & Fire

Ins. Co.)

CARE CENTER

CNA Surety/Western Surety

Co.

69042089 9/15/19-9/15/20 Patient's Bond $100,000

SHERIFF

Primary:

League of MN Cities

CMC1004174-3

9/10/19-9/10/20

Violent Crime Enforcement Team

$25k/$50k/$1k Deductible/Agg

To be extended to 01/01/2021 deductible/after agg deductible met

League of MN Cities

OML1005043-3

Excess:

$1,000,000

COUNTY MANAGER

Allied World Assurance

0308-3130 4/16/13-4/16/23 Pollution Legal Liability - TCAAP $25,000,000

$100,000 Deductible Each Incident

$10,000,000

$25,000 Deductible Each Occurrence

(Continued)

1/1/19-1/1/20

Ramsey County

MN Risk Management Fund

0023PK19

7/1/19-7/1/20

4/16/16-4/16/20

Contractor's Pollution Liability -

TCAAP

0308-3131

Allied World Assurance

RAMSEY COUNTY, MINNESOTA

INSURANCE IN FORCE

DECEMBER 31, 2019

MN Risk Management Fund

023PK19

7/1/19-7/1/20

Commercial General Liability and

Cyber Liability

WCRA

40014 - 2019

1/1/19-1/1/20

$2,000,000 Retention Limits

Self-Funded Property

1/1/19-1/1/20

P-01-24

Ramsey County

Self-Funded Tort

Unaudited

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Table of Contents

TABLE XV

(Continued)

COMPANY NAME POLICY NUMBER POLICY PERIOD COVERAGE - DEPARTMENTS POLICY LIMIT

EMERGENCY MANAGEMENT

Emergency Management -

$1,000,000 CSL; $25,000 physical

Mobile Command Center vehicle

damage; $5,000 comp; $5,000 collision

MEDICAL EXAMINER

Professional Liability $1,000,000/$3,000,000

Covers McGee, Froloff, Mills, and Claims Made Policy

Huston

REGIONAL RAIL $1,000,000 Limit

MN Joint Underwriting Association

J040015 7/1/18-7/1/19 General Liability $250 Deductible per Event

$100,000 Crime, $250,000 Petrofund,

League of MN Cities CMC 1003323-1 7/12/18-7/12/19 Rush Line Corridor $1,500,000 Muni & Auto Liability

Crime, Petrofund, Municipal &

Auto Liability

50/250 Defense Reimbursement

League of MN Cities CMC 1004472-3 10/6/19-10/6/20 GRRC (formerly MN Hi Speed Rail)

$1,500,000/$2,000,000 Municipal, Auto,

Crime and Petrofund

$5,000,000

$25,000 Deductible

All Risk Property--TIV: $141,151,000

$50,000 Deductible per

Occurrence

$1,000,000

Wrongful Act other than Emp Practices

$10,000 deductible

Employment Practice Violation $25k

$50,000,000/$100,000,000

$500,000 Deductible per

Occurrence

$2,000,000 Deductible FELA

14245890

1/1/19-1/1/20

General Liability - Union Depot

National Indemnity

75APR372218

2/5/19-2/5/20

ProAssurance Casualty Company

MP71336

1/1/19-1/1/20

RAMSEY COUNTY, MINNESOTA

INSURANCE IN FORCE

DECEMBER 31, 2019

Lloyd's of London

15571U18

Railroad Liability

12/31/18-12/31/19

National Union Fire Insurance

Company

036057120

12/31/18-12/31/19

Public Officials Liability

Zurich

CPP0274734-00

1/1/19-1/1/20

Property Insurance - Union Depot

Lexington Insurance

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Table of Contents

TABLE XVI

Function/Program 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

General government 707.70 708.70 684.90 700.90 709.40 733.90 740.70 736.70 773.60 780.60

Public safety 1,107.66 1,100.66 1,069.16 1,058.16 1,058.66 1,062.16 1,066.24 1,070.66 1,115.76 1,115.76

Transportation 116.58 116.58 114.58 114.58 114.58 114.58 117.58 117.58 135.58 133.58

Health 318.83 319.00 308.35 338.70 334.90 355.65 292.60 291.75 296.85 295.70

Human services 1,282.64 1,269.59 1,265.14 1,311.24 1,318.24 1,343.84 1,438.94 1,429.54 1,451.39 1,443.39

Culture and recreation 192.34 192.62 187.32 185.43 185.28 192.28 195.63 197.73 197.73 197.73

Economic development and assistance 90.40 91.90 86.00 87.00 84.00 84.00 85.00 85.00 84.00 86.00

Total 3,816.15 3,799.05 3,715.45 3,796.01 3,805.06 3,886.41 3,936.69 3,928.96 4,054.91 4,052.76

RAMSEY COUNTY, MINNESOTA

FULL-TIME-EQUIVALENT COUNTY EMPLOYEES BY FUNCTION/PROGRAM

LAST TEN FISCAL YEARS

Full-Time Equivalent Employees as of December 31

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149

Table of Contents

Function/Program 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

General Government

County Building Operating Cost per Net Rentable ft

2

5.55$ 6.45$ 6.62$ 6.76$ 6.73$ 6.61$ 6.74$ 6.75$ 7.21$ 7.43$

Public Safety

Sheriff:

Jail Facility Bookings

22,149 21,439 21,283 20,226 21,048 21,610 20,409 20,827 21,183 20,801

Warrants Issued & Cleared 12,572 24,351 24,154 22,225 21,070 24,415 26,163 27,355 26,582 28,202

Corrections:

Adult Probation Cases 27,686 27,112 21,924 20,406 19,554 19,282 18,947 18,285 18,460 18,965

Juvenile Probation Cases 2,276 2,202 1,277 1,140 1,064 1,064 952 841 739 645

Average Daily Population All Facilities 486 464 424 397 386 390 345 337 306 275 **

Transportation

Average Daily Vehicle Miles Traveled on County Roads* 2,679,069 2,678,420 2,665,947 2,673,051 N/A N/A 2,633,744 2,672,429 N/A N/A

Health

WIC Nutrition Program Client Served 31,274 31,324 31,224 30,474 30,151 29,397 28,802 27,918 26,467 25,204

Nurse Family Home Visits 23,392 22,614 21,494 21,086 18,984 19,566 20,597 18,983 19,514 17,773

Financial Assistance Services

Cash, Food, and Child Care Assistance Cases

35,699 41,104 43,693 45,291 42,204 39,918 39,135 38,322 37,553 36,632

Medical Assistance Cases 40,562 50,945 54,713 56,398 74,218 80,899 80,261 82,372 82,598 79,096

Applications for Cash and Food Assistance

18,470 20,395 24,192 24,587 24,039 22,781 20,922 20,295 19,673 19,403

Applications for Medical Assistance 25,531 38,942 36,576 40,266 34,351 32,908 39,116 38,076 29,525 29,367

Social Services

Out of Home Placements**

1,844 1,956 1,958 1,875 1,688 1,842 1,893 1,975 1,929 1,713

Services for Disabled Adults

3,268 3,307 3,344 3,390 3,402 3,208 3,385 3,336 3,342 3,389

Child Maltreatment Intake Reports 1,265 1,265 1,526 1,408 1,680 2,150 2,637 2,776 3,204 3,453

Culture and Recreation

Parks and Recreation:

Ice Hours Rented at Ice Arenas

13,912 12,657 13,127 14,240 15,351 20,491 18,320 18,266 18,658 18,935

Park Shelter and Pavilion Rentals 1,280 1,065 1,085 1,119 1,081 1,191 1,210 1,209 1,196 1,170

Libraries:

Total Circulation 4,517,571 4,713,703 4,772,566 4,596,085 4,308,599 4,095,008 3,850,918 3,689,728 3,568,052 3,442,392

Visits to Library Buildings 1,725,513 1,808,934 1,804,943 1,706,338 1,601,495 1,588,525 1,574,655 1,539,241 1,499,272 1,412,654

Librarian Reference Assistance

279,503 275,964 225,914 278,694 269,295 267,930 275,860 295,503 294,424 263,915

Economic Development and Assistance

Workforce Solutions:

Percent of Participants in Voluntary Programs Employed 85% 83% 80% 82% 79% 85% 86% 86% 51% 52%

Percent of Participants in Mandatory Programs Employed 60% 55% 41% 40% 43% 43% 41% 40% 49% 44%

Source: Ramsey County Finance Department and individual County departments.

* Data from MN Department of Transportation was not available for 2014, 2015, 2018, and 2019.

** Included Boys Totem Town even though the facility closed on August 1, 2019.

N/A: Not available

RAMSEY COUNTY, MINNESOTA

OPERATING INDICATORS BY FUNCTION

LAST TEN FISCAL YEARS

TABLE XVII

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150

Table of Contents

Function/Program 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Public Safety

Patrol Station 1 1 1 1 1 1 1 1 1 1

Law Enforcement Center 1 1 1 1 1 1 1 1 1 1

Post Adjudicated Correctional Facilities 3 3 2 2 2 2 2 2 2 2

Pre-Adjudicated Correctional Facilities 1 1 1 1 1 1 1 1 1 1

Transportation

Centerline Miles of County Road Maintained 295 295 295 295 285 293 293 282 282 281

Culture and Recreation

Parks and Recreation:

Number of Regional Parks 6 6 6 6 6 6 6 6 6 6

Number of County Parks 9 9 9 9 9 9 9 9 9 9

Park Acreage 6,527 6,527 6,527 6,527 6,527 6,527 6,527 6,527 7,998 7,998

County Golf Courses 5 5 5 5 5 5 5 5 5 5

Golf Dome (Practice Range) 1 1 1 1 1 1 1 1 1 1

Ice Arenas 10 10 10 10 11 11 11 11 11 11

Fairgrounds 1 1 1 1 1 1 1 1 1 1

Nature Center 1 1 1 1 1 1 1 1 1 1

Archery Range 1 1 1 1 1 1 1 1 1 1

Picnic Shelters 28 28 28 28 28 28 28 28 28 21

Pavilions 4 4 4 4 4 4 4 4 4 4

Libraries:

Library Buildings 7 7 7 7 7 7 7 7 7 7

TABLE XVIII

RAMSEY COUNTY, MINNESOTA

CAPITAL ASSETS STATISTICS BY FUNCTION

LAST TEN FISCAL YEARS

Fiscal Year

Unaudited

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Table of Contents

Ramsey County, Minnesota

2019 Comprehensive Annual Financial Report

CAFR Production

Finance Department

Financial Reporting Division

Renee Vought, Deputy Director

Matt Phillips, Accountant III

Jennifer Keller, Accountant II

Budget Division

Steven Kuhn, Principal Financial Analyst

Investment Division

Mark Thompson, Investment Manager

Nathan Scott, Budget Analyst II

Other Finance Staff

John Hanson, Carrie Learn, Moua Lee-Yang, Bianca Fucini and Tony Sofie

Consultant - Kiran Kumar

Countywide Administrative and Accounting Staff

Economic Growth and Community Investment

George Hardgrove, Controller

Parks and Recreation

Joua Yang

Property Management

Daniel Winek

Public Works, Fleet Operations and Multi-modal Planning

Tony Lutgen, Kris Longhenry

Workforce Solutions

Holly Schnetzler

Safety and Justice

Sergey Kovalchuk, Controller

Sheriff’s Office

Mike Webster

Information and Public Records

Tracy West, Controller

Information Services

Tom Oertel

Property Records and Revenue

Dick Sivanich

Health and Wellness

Janelle White, Controller

Care Center

Melanie Mahon

Health and Wellness

Enrique Rivera and Don Habisch

Lake Owasso Residence

Tracey Trover

Public Health

Daniel Rahkola and Bavong Thao

152

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