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<br />CITY OF RAMSEY
<br />
<br />Statement of Activities
<br />Year Ended December 31, 2007
<br />
<br /> Program Revenues Net (Expenses)
<br /> Operating Capital Revenue and Changes in Net Assets
<br /> Charges for Grants and Grants and Govermnenta1 Business-Type
<br />Functions/Prograrns Expenses Services Contributions Contributions Activities Activities Total
<br />Govermnenta1 activities
<br />General govermnent $ 3,878,438 $ 395,697 $ 1,287,258 $ 345,149 $ (1,850,334) $ $ (1,850,334)
<br />Public safety 3,809,016 654,796. 195,261 82,359 (2,876,600) (2,876,600)
<br />Highways and streets 2,689,259 537,660 943,577 94,517 (1,113,505) (1,113,505)
<br />Culture and recreation 977,766 668,521 599,384 790 290,929 290,929
<br />Interest and fiscal charges 1,415,874 (1,415,874) (1,415,874)
<br />Total govermnenta1 activities 12,770,353 2,256,674 3,025,480 522,815 (6,965,384) (6,965,384)
<br />Business-type activities
<br />Water utility 912,094 1,440,658 846,164 1,374,728 1,374,728
<br />Sewer utility 838,452 1,100,948 777,130 1,039,626 1,039,626
<br />Street light utility 110,837 173,541 62,500 125,204 125,204
<br />Recycling utility 283,746 291,152 7,406 7,406
<br />Storm water utility 440,697 503,553 556,500 619,356 619,356
<br />Total business-type activities 2,585,826 3,509,852 2,242,294 3,166,320 3,166,320
<br />Total govermnenta1 and
<br />business-type activities. $15,356,179 $ 5,766,526 $ 3,025,480 $ 2,765,109 (6,965,384) 3,166,320 (3,799,064)
<br /> General revenues
<br /> Property taxes 11,562,407 11,562,407
<br /> General grants and contributions 508,664 508,664
<br /> Investment earnings 1,648,318 1,041,621 2,689,939
<br /> Sale of capital assets 24,795 24,795
<br /> Transfers (818,207) 818,207
<br /> Total general revenues and transfers 12,925,977 1,859,828 14,785,805
<br /> Change in net assets 5,960,593 5,026,148 10,986,741
<br /> Net assets - beginning 55,713,890 65,073,784 120,787,674
<br /> Net assets - ending $ 61;674,483 $ 70,099,932 $131,774,415
<br />
<br />See notes to basic financial statements
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