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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 />$35,000,000 <br />$30,000,000 <br />$25,000,000 <br />$20,000,000 <br />$15,000,000 ........... <br />$13,09.,i .... <br />$10,000,000 <br />$5,000,000 <br />$ - <br />$25,030,000.00 <br />Outstanding Debt 2001 -2010 <br />2010 Values <br />$ 2,190,579,800.00 <br />$65,717,394.00 <br />$ (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 />.$29,355,000........ <br />2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 <br />Debt Amount <br />