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<br />.em. <br />TRVST <br />fM <br />PliBLl C <br />LAND <br />~,::mm RAMSEY CITY MINNESOTA <br />".:K.)li_j,:~,w , <br />it' <br /> <br />Feasibility Study <br /> <br />In the past intergovernmental revenue (state aids - Local Government Aid - Market Value <br />Homestead Credit, Highway Maintenance Aide, Fire relief Aid, Police Aid, County grants) <br />was 2nd largest category of revenue.9 Due to budget deficits in the state of Minnesota the <br />city of Ramsey has not received local government aid (LGA) since FY 03. In years prior <br />LGA provided approximately $300,000 annually. <br /> <br />2008 Budget. Revenues <br /> <br />2008 Budget - Expenditures <br /> <br />PublicW~ <br />18% <br /> <br /> <br />Parb and <br />~. <br />10% <br /> <br />aner <br />Financing <br />UN$, 1% <br /> <br /> <br />F1__~ <br />,,. ~. <br />CbliIpS fOI'~ <br />~ <br /> <br />General <br />~ <br />27%. <br /> <br />I.ii:enaes IIftd <br />PemlIlli <br />7'& <br /> <br />Pubic S8fety, <br />43% <br /> <br />The city's bond rating was recently upgraded to Aa3 from Moody's Investors Service. This <br />was a direct result of sound fiscal management and long term, well-documented financing <br />plans delivered by the Council.1O Total bonding planned for in the CIP is $113.9 million and <br />include capital improvement bonding projects, park improvements, street improvements, <br />and site acquisitions among others.ll The Public Improvement Revolving Fund, a capital <br />project fund saw an overall decrease in fund balance of $969,426 due to street, sewer, and <br /> <br />9 IBID <br />10 2008 Adopted City Budget, Budget Message - Page 3 <br />11 Capital Improvement Plan, 2008-2012, p. 12 <br /> <br />8 <br />