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See notes to basic financial statements
<br />CITY OF RAMSEY
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />Governmental Funds
<br />Year Ended December 31, 2006
<br />Special Revenue Capital Project Funds
<br />Funds Public
<br />Improvement
<br />General Tax Increment Revolving Landfill
<br />Revenue
<br />Property taxes $ 5,729,794 $ 2,917,818 $ -- $
<br />Special assessments — 7,410 290,239
<br />Licenses and permits 797,491 --- —
<br />Intergovernmental revenue 577,112 84,908 —
<br />Charges for services 821,149 -- —
<br />Fines and forfeits 113,337 -- —
<br />Other revenue
<br />Investment earnings 254,134 61,889 84,142 181,987
<br />Miscellaneous 12,083 54,555 625 33,937
<br />Total revenue 8,305,100 3,1 26,580 375,006 215,924
<br />Expenditures
<br />Current
<br />General government 2,477,128 2,539,384 188,569
<br />Public safety 3,414,823 — —
<br />Highways and streets . 1,449,249 — —
<br />Culture and recreation 743,016 — —
<br />Capital outlay 735,072 319,416 788,696
<br />Debt service
<br />Principal retirement — — —
<br />Interest and fiscal charges 33,938 — —
<br />Total expenditures 8,853,226 2,858,800 977,265
<br />Excess (deficiency) of revenue over expenditures (548,126) 267,780 (602,259)
<br />215,924
<br />Other financing sources (uses)
<br />Issuance of long term debt — 1,035,000 —
<br />Proceeds on sale of capital assets 26,585 -- —
<br />Transfers in 1,078,371 169,583 150,602
<br />Transfers (out) (20,902) (2,854,335) (517,769) (635,000)
<br />Total other financing sources (uses) 1,084,054 ( 1,649,752) (367,167) (635,000)
<br />Net change in fund balances 535,928 (1,381,972) (969,426) (419,076)
<br />Fund balances
<br />Beginning of year 5,585,266 3,043,985 2,007,157 4,566,801
<br />End of year $ 6,121,194 $ 1,662,013 $ 1,037,731 $ 4,147,725
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