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<br />Finance
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<br />Financial Report Summary
<br />for the City of Ramsey 2008
<br />
<br />The following information is a sunllllary of General Operating funds concerning the city of Ramsey and serves
<br />as a public notice to interested citizens. The complete finaIlcial statements may be eXaIllined on our website at \vww.
<br />ci.raIllsey.mn.us/cafr.asp or at City HalL 7550 Sunwood Drive NW, Ramsey, MN 55303. Questions should be directed to
<br />FinaIlce Officer Diana Lund at 763-433-9847 or e-mailedatdlund@ci.ramsey.mn.us.
<br />
<br /> Revenues and Expenditures for General Operations
<br /> (Governmental Funds)
<br /> Percent
<br /> Increase
<br />Revenues: 2008 2007 (Decrease)
<br />Property Taxes $ 12,101,523 $ 11,359,235 6.53%
<br />Special Assessments 503,718 597,562 -15.70%
<br />Licenses and Permits 855,914 680,717 25.74%
<br />Intergovernmental 2,622.219 1,763,110 48.73%
<br />Charges for Services 609,223 1,401,329 -56.53%
<br />Fines and forfeits 126,559 130,325 -2.89%
<br />Other Revenue:
<br />Investment Earnings 1,715,220 1,623,146 5.67%
<br />Miscellaneous 4.041,273 1,910,172 111 .57%
<br />Total Revenues $ 22,575,649 $ 19,465.596 15.98%
<br /> Per Capita* $ 937 $ 808 15.98%
<br />Expenditures:
<br />General Government $ 4,227,391 $ 3,955,708 6.87%
<br />Public Safety 3,941,648 3,822,983 3.10%
<br />Highways and Streets 2,868,137 1,904,031 50.63%
<br />Culture and Recreation 901,042 820,780 9.78%
<br />Debt Service:
<br />Bond Principal retirement 2,010,000 1,702,000 18.10%
<br />Interest and fiscal charges 1,352,656 1,412,972 -4.27%
<br />Capital Outlay 4,484,807 4,165,759 7.66%
<br />Total Expenditures $ 19,785,681 $17,784,233 11.25%
<br /> Per Capita* $ 821 $ 738 11 .25%
<br />Total Long-term Indebtedness $ 29,355,000 $ 31.365,000 -6.41 %
<br /> Per Capita* $ 1,218 $ 1,301 -6.41 %
<br />General Fund and Special Revenue Funds Unreserved
<br />Fund balance - December 31 $ 16,104,955 $ 13,896,890 15.89%
<br /> Per Capita* $ 668 $ 577 15.89%
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<br />*Calculated using population estimate of 24,100 for 2007 and 2008
<br />
<br />City of Ramsey Finance Department Receives Award
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<br />The Celiificate of Achievement
<br />for Excellence in FinaIlcial RepOli-
<br />ing has been awarded to the city of
<br />RaIllsey by the Government FinaIlce
<br />Officers Association of the United
<br />States aIld Canada (GFOA) for its
<br />
<br />Comprehensive Annual Financial
<br />RepOli (CAFR). The Celiificate of
<br />Achievement is the highest form of
<br />recognition in the area of govenllllen-
<br />tal accounting and financial repOliing.
<br />aIld its attainment represents a sig-
<br />
<br />nificaIlt accomplishment by a govern-
<br />ment aIld its management.
<br />This was the twelfth consecutive
<br />year the city has received this presti-
<br />gious award.
<br />
<br />www.ci.ramsey.mn.us
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