|
<br /> CITY OF RAMSEY
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances
<br /> Governmental Funds
<br />Year Ended December 31, 2007
<br /> Special Revenue Capital Project Funds
<br /> Funds Public
<br /> Improvement Equipment
<br /> General Tax Increment Revolving Landfill Revolving
<br />Revenue
<br />Property taxes $ 6,445,544 $ 3,060,779 $ $ $
<br />Special assessments 597,562
<br />Licenses and permits 680,717
<br />Intergovernmental revenue 748,216 87,163
<br />Charges for services 586,500 1,500
<br />Fines and forfeits 129,125 1,200
<br />Other revenue
<br />Investment earnings 303,886 118,312 63,915 195,422 257,451
<br />Miscellaneous 9,888 791,679 41,793 30,541 12,805
<br />Total revenue 8,903,876 4,059,433 704,470 225,963 270,256
<br />Expenditures
<br />Current
<br />General government 2,538,643 862,611 14,637
<br />Public safety 3,822,983
<br />Highways and streets 1,516,659
<br />Culture and recreation 817,574
<br />Capital outlay 627,779 350,549 575,549 54,391
<br />Debt service
<br />Principal retirement
<br />Interest and fiscal charges 43,748
<br />Total expenditures 9,367,386 1,213,160 590,186 54,391
<br />Excess (deficiency) ofrevenue over expenditures (463,510) 2,846,273 114,284 225,963 215,865
<br />Other financing sources (uses)
<br />Issuance of long term debt
<br />Proceeds on sale of capital assets 10,000
<br />Payments on refunded bonds
<br />Transfers in 1,438,075 74,299 9,349
<br />Transfers (out) (93,489) (1,208,781 ) (461,962) (601,712) (354,616)
<br />Total other financing sources (uses) 1,354,586 (1,208,781) (387,663) (601,712) (345,267)
<br />Net change in fund balances 891,076 1,637,492 (273,379) (375,749) (129,402)
<br />Fund balances
<br />Beginning of year 6,121,194 1,662,013 1,037,731 4,147,725 4,502,838
<br />End of year $ 7,012,270 $ 3,299,505 $ 764,352 $ 3,771,976 $ 4,373,436
<br />See notes to basic financial statements
<br />
<br />-17-
<br />
|