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<br /> City of Ramsey
<br />Changes in Fund Balances of Governmental Funds
<br /> Last Ten Fiscal Years
<br />(modified accrual basis of accounting)
<br /> Fiscal Year
<br /> 2000 2001 2002 2003
<br />Revenues
<br />Property taxes $ 5,522,890 $ 6,840,839 $ 6,225,838 $ 6,785,605
<br />Special assessments 425,214 341,618 298,774 240,098
<br />Licenses and permits 259,090 307,815 410,674 838,034
<br />Intergovernmental revenue 5,038,014 2,994,048 1,946,114 1,102,235
<br />Charges for services 366,468 396,303 1,143,261 1,391,584
<br />Fines and forfeits 47,550 56,055 63,631 72,577
<br />Investment earnings 1,611,395 1,149,660 1,011,045 472,319
<br />Miscellaneous 629,709 823,631 1,288,921 1,714,978
<br />Total Revenues 13,900,330 12,909,969 12,388,258 12,617,430
<br />Expenditures
<br />General government 2,639,510 3,026,713 3,592,645 3,260,473
<br />Public safety 1,664,227 1,906,309 2,092,520 2,177 ,494
<br />Highways and streets 710,351 888,662 894,468 923,149
<br />Culture and recreation 405,469 471,551 480,165 476,039
<br />Capital outlay 9,387,705 6,446,783 2,934,407 2,359,905
<br />Debt service
<br />Principal 360,000 481,000 1,432,000 1,211,000
<br />Interest 587,746 725,402 686,134 646,013
<br />Total Expenditures 15,755,008 13,946,420 12,112,339 11,054,073
<br />Excess of revenues
<br />over (under) expenditures (1,854,678) (1,036,451 ) 275,919 1,563,357
<br />Other financing sources (uses)
<br />Issuance of long term debt 1,942,111 4,823,171 295,000 2,874,608
<br />Premium/(Discount) on debt issues
<br />Payments on refunded bonds (925,000)
<br />Proceeds on sale of capital assets 45,230 375,000
<br />Transfers in 2,330,480 2,925,942 4,336,837 4,232,918
<br />Transfers (out) (2,307,980) (2,892,942) (4,300,837) (4,193,918)
<br />Total other financing sources (uses) 2,009,841 5,231,171 331,000 1,988,608
<br />Special item
<br />Net change in fund balances 155,163 4,194,720 606,919 3,551,965
<br />Debt service as a percentage of 14.88% 16.09% 23.08% 21.36%
<br />noncapital expenditures
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