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<br />Finance
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<br />Notice Annual Summary Financial Report
<br />City of Ramsey
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<br />The purpose of this report is to provide a summary of financial information concerning the city of Ramsey to
<br />interested citizens. The complete financial statements may be examined on our website at www.ci.ramsey.mn.us/cafr.asp
<br />or at City Hall, 7550 Sunwood Drive NW, Ramsey, MN 55303. Questions should be directed to the finance department at
<br />763-427-1410.
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<br /> Revenues and Expenditures for General Operations
<br /> (Governmental Funds)
<br /> Percent
<br /> Increase
<br />Revenues: 2007 2006 (Decrease)
<br />Property Taxes $ 11,359,235 $ 9,880,606 14.960/0
<br />Special Assessments 597,562 1,057,724 -43.500/0
<br />Licenses and Permits 680,717 797,491 -14.640/0
<br />Intergovernmental 1,763,110 4,944,306 -64.340/0
<br />Charges for Services 1,401,329 1,760,007 -20.380/0
<br />Fines and forfeits 130,325 113,337 14.990/0
<br />Other Revenue:
<br />Investment Earnings 1,623,146 1,665,885 -2.570/0
<br />Miscellaneous 1,910,172 836,441 128.370/0
<br />Total Revenues $ 19,465,596 $ 21 ,055,797 -7.550/0
<br /> Per Capita* $ 808 $ 896 -9.850/0
<br />Expenditures:
<br />General Government $ 3,955,708 $ 10,234,225 -61.350/0
<br />Public Safety 3,822,983 3,414,823 11.950/0
<br />Highways and Streets 1,904,031 1 ,449,249 31.380/0
<br />Culture and Recreation 820,780 743,016 10.470/0
<br />Debt Service:
<br />Bond Principal retirement 1,702,000 1,780,000 -4.380/0
<br />Interest and fiscal charges 1,412,972 1,960,137 -27.910/0
<br />Capital Outlay 4,165,759 18,206,034 -77.120/0
<br />Total Expenditures $ 17,784,233 $ 37,787,484 -52.940/0
<br /> Per Capita* $ 738 $ 1,608 -54.110/0
<br />Total Long-term Indebtedness $ 31,365,000 $ 32,252,000 -2.750/0
<br /> Per Capita* $ 1,301 $ 1,372 -5.170/0
<br />General Fund and Special Revenue Funds Unreserved
<br />Fund balance - December 31 $ 13,896,890 $11,374,074 22.180/0
<br /> Per Capita* $ 577 $ 484 19.140/0
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<br />*Calculated using population estimate of 23,500 for 2006 and 24,100 for 2007
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<br />www.ci.ramsey.mn.us
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