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1
<br />CITY OF RAMSEY
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />Governmental Funds
<br />Year Ended December 31, 2008
<br />Special Revenue Capital Project Funds
<br />1
<br />Funds Public
<br />Improvement
<br />General Tax Increment Revolving Landfill
<br />111
<br />Revenue
<br />Property taxes $ 7,127,729 $, 3,313,012 $ - $ - I
<br />Special assessments - - 503,718 -
<br />Licenses and permits 855,914 - -
<br />Intergovernmental revenue 527,533 84,190 243,423 -
<br />Charges for services 476,363 - - - I
<br />Fines and forfeits 126,559 - - -
<br />Other revenue
<br />Investment earnings 277,714 172,276 50,787 185,148
<br />I
<br />Miscellaneous 10,416 318,417 - -
<br />Total revenue 9,402,228 3,887,895 797,928 185,148
<br />Expenditures
<br />I
<br />Current
<br />General government 2,629,707 710,536
<br />24,557 30,285
<br />Public safety 3,941,648 - - I
<br />Highways and streets 1,651,246 -- - -
<br />Culture and recreation 887,481 - - -
<br />Capital outlay 808,238 441,821 - -
<br />Debt service
<br />Principal retirement - - - -
<br />Interest and fiscal charges 40,834 - - -
<br />Total expenditures 9,959,154 1,152,357 24,557 30,285
<br />I
<br />Excess (deficiency) of revenue over expenditures (556,926) 2,735,538 773,371 154,863
<br />Other financing sources (uses)
<br />I
<br />Proceeds on sale of capital assets 55,900 - - -
<br />Transfers in 542,304 41,062 135,620 -
<br />Transfers (out) (75,000) (1,309,204) (365,904) (72,064)
<br />Total other financing sources (uses) 523,204 (1,268,142) (230,284) (72,064)
<br />Net change in fund balances (33,722) 1,467,396 543,087 82,799
<br />Fund balances
<br />Beginning of year 7,012,270 3,299,505 764,352 3,771,976
<br />End of year $ 6,978,548 $ 4,766,901 $ 1,307,439 $ 3,854,775 I
<br />See notes to basic financial statements 1
<br />1
<br />-17- 1
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