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<br />CITY OF RAMSEY
<br />
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />General Fund - Budget and Actual
<br />Year Ended December 31, 2007
<br />
<br /> Budgeted Amounts Over (Under)
<br /> Original Final Actual Final Budget
<br />Revenue
<br />Property taxes $ 6,449,480 $ 6,450,347 $ 6,445,544 $ (4,803)
<br />Licenses and permits 1,087,010 .680,647 680,717 70
<br />Intergovernmental revenue 690,200 827,426 748,216 (79,210)
<br />Charges for services 641,937 586,840 586,500 (340)
<br />Fines and forfeits 110,000 129,126 129,125 (1)
<br />Other revenue
<br />Investment earnings 100,000 100,000 303,886 203,886
<br />Miscellaneous 1,500 9,304 9,888 584
<br />Total revenue 9,080,127 8,783,690 8,903,876 120,186
<br />Expenditures
<br />Current
<br />General government 2,869,840 2,560,469 2,538,643 (21,826)
<br />Public safety 3,845,430 3,829,744 3,822,983 (6,761)
<br />Highways and strects 1,654,957 1,521,054 1,516,659 (4,395)
<br />Culture and recreation 976,248 815,471 817,574 2,103
<br />Capital outlay 1,124,571 617,779 627,779 10,000
<br />Debt service
<br />Interest and fiscal charges 43,748 43,748 43,748
<br />Total expenditures 10,514,794 9,388,265 9,367,386 (20,879)
<br />Excess (deficiency) of revenue
<br />over expenditures (1,434,667) (604,575) (463,510) 141,065
<br />Other financing sources (uses)
<br />Proceeds on sale of capital assets 10,000 10,000
<br />Transfers in 1,434,667 1,438,075 1,438,075
<br />Transfers (out) (100,000) (93,489) 6,511
<br />Total other financing sources (uses) 1,434,667 1,338,075 1,354,586 16,511
<br />Net change in fund balances $ $ 733,500 891,076 $ 157,576
<br />Fund balances
<br />Beginning of year 6,121,194
<br />End of year $ 7,012,270
<br />
<br />See notes to basic financial statements
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