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City of Ramsey
<br />Changes in Net Assets
<br />Last Five Fiscal Years
<br />(accrual basis of accounting)
<br />(continued)
<br />Fiscal Year
<br />2004 2005 2006 2007 2008
<br />General Revenues and Other Changes in Net Assets
<br />Governmental activities;
<br />Property taxes $ 7,954,549 $ 8,807,253 $ 10,409,249 $ 11,562,407 $ 12,345,279
<br />General grants and contributions 506,401 250,483 48,331 508,664 310,111
<br />Investment earnings 576,300 1,139,598 1,686,095 1,648,318 1,736,468
<br />Sale of capital assets - 15,237 26,585 24,795 57,975
<br />Transfers 47,000 (162,092) (263,123) (818,207) 572,758
<br />Total governmental activities 9,084,250 10,050,479 11,907,137 12,925,977 15,022,591
<br />Business -type activities:
<br />Investment earnings
<br />Transfers
<br />Total business -type activities
<br />Total government
<br />263,042 388,682 812,753 1,041,621 1,003,886
<br />(47,000) 162,092 263,123 818,207 (572,758)
<br />216,042 550,774 1,075,876 1,859,828 431,128
<br />9,300,292 $ 10,601,253 $ 12,983,013 $ 14,785,805 $ 15,453,719
<br />Change in Net Assets
<br />Governmental activities $ 10,448,919 $ 18,626,273 $ 5,884,973 $ 5,960,593 $ 8,904,054
<br />Business -type activities 8,036,709 8,380,303 11,748,183 5,026,148 1,780,496
<br />Total government $ 18,485,628 $ 27,006,576 $ 17,633,156 $ 10,986,741 $ 10,684,550
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