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CITY OF RAMSEY - FINANCIAL DASHBOARD
<br />QUARTERLY UPDATE - PERIOD ENDING MARCH 31, 2011
<br />UPCOMING EVENTS:
<br />- Credit Card Implementation : Late May /June -Full Implementation. Associate Credit Card Fees presented on future updates
<br />- Bonding for Legacy Project: Estimate June: MSA & Special Assessment Bond - Approximately $3.7 Million
<br />-Bond Rating Call with Standards & Poor (S &P) - June
<br />- Employee Self- Service for Payroll Timesheets (July - August Implementation)
<br />- Comprehensive Annual Financial Report Presentation - June 11, 2011
<br />-2012 Budget- Department heads begin May
<br />- Municipal Center Debt Refinancing - bring to FC- May
<br />- Possible Early TIF Decertification
<br />- $603,000 held in PIR fund from Fund Balance Policy Reduction in General Fund in 2010
<br />- Auditing Services RFP
<br />DEBT:
<br />Debt Limit Calc
<br />As of Dec 31, 2010
<br />Taxable Market Value
<br />Debt Limit - 3% of Market Value
<br />Debt Applicable to limit:
<br />Total Bonded Debt:
<br />Less:
<br />Obligations with Special Assessments
<br />Obligations with Tax Increment
<br />$25,030,000.00
<br />$ (4,865,000.00)
<br />$ (1,175,000.00)
<br />$ (6,040.000.00)
<br />$18,990,000.00
<br />Legal Debt Margie $46,727,394.00
<br />2010 Values
<br />$ 2,190,579,800.00
<br />$65,717,394.00
<br />$35,000,000
<br />$30,000,000
<br />$25,000,000
<br />$20,000,000
<br />$15,000,000
<br />$10,000,000
<br />$5,000,000
<br />$ -
<br />$1
<br />3,09
<br />Outstanding Debt 2001 -2010
<br />$11,959,000
<br />12,/2 UUU
<br />$11,•S.,ww
<br />$32,252,000
<br />31,365,000
<br />$27,265,000
<br />$79,355,000
<br />$25,030,000
<br />2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
<br />—0—Debt Amount
<br />
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