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<br />CITY OF RAMSEY
<br />
<br />Nonmajor Governmental Funds
<br />Combining Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />Year Ended December 31, 2007
<br />
<br /> Special
<br /> Revenue Debt Service Capital Project Totals
<br />Revenue
<br />Property taxes $ 657,422 $ 1,152,144 $ 43,346 $ 1,852,912
<br />Intergovernmental revenues 597,944 189,061 140,726 927,731
<br />Charges for services 661,906 661,906
<br />Other revenue
<br />Investment earnings 207,749 106,720 277,442 591,911
<br />Miscellaneous 224,171 338,510 322,795 885,476
<br />Total revenue 1,687,286 1,786,435 1,446,215 4,919,936
<br />Expenditures
<br />Current
<br />General government 738,089 20,019 758,108
<br />Highways and streets 387,372 387,372
<br />Culture and recreation 3,206 3,206
<br />Capital outlay 85,813 . 967,005 1,052,818
<br />Debt service
<br />Principal 1,702,000 1,702,000
<br />Interest and fiscal charges 1,369,224 1,369,224
<br />Total expenditures 823,902 3,071,224 1,377,602 5,272,728
<br />Excess (deficiency) of
<br />revenue over expenditures 863,384 (1,284,789) 68,613 (352,792)
<br />Other fmancing sources (uses)
<br />Issuance of long term debt 945,570 789,430 1,735,000
<br />Proceeds on sale of capital assets 4,145 4,145
<br />Payments on refunded bonds (920,000) (920,000)
<br />Transfers in 89,472 1,507,166 1,050,701 2,647,339
<br />Transfers (out) (513,318) (778) (929,634) (1,443,730)
<br />Total other fmancing sources (uses) (419,701) 1,531,958 910,497 2,022,754
<br />Net change in fund balances 443,683 247,169 979,110 1,669,962
<br />Fund balances
<br />Beginning of year 3,593,207 1,754,262 4,412,160 9,759,629
<br />End of year $ 4,036,890 $ 2,001,431 $ 5,391,270 $ 11,429,591
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