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City of Ramsey
<br />Changes in Net Assets (Continued)
<br />Last Seven Fiscal Years
<br />(accrual basis of accounting)
<br />Fiscal Year
<br />2004 2005 2006 2007
<br />General Revenues and Other Changes in Net Assets
<br />Governmental activities:
<br />Property taxes $ 7,954,549 $ 8,807,253 $ 10,409,249 $ 11,562,407
<br />General grants and contributions 506,401 250,483 48,331 508,664
<br />Investment earnings 576,300 1,139,598 1,686,095 1,648,318
<br />Sale of capital assets - 15,237 26,585 24,795
<br />Transfers 47,000 (162,092) (263,123) (818,207)
<br />Total governmental activities 9,084,250 10,050,479 11,907,137 12,925,977
<br />Business -type activities:
<br />Investment earnings 263,042 388,682 812,753 1,041,621
<br />Transfers (47,000) 162,092 263,123 818,207
<br />Total business -type activities 216,042 550,774 1,075,876 1,859,828
<br />Total government $ 9,300,292 $ 10,601,253 $ 12,983,013 $ 14,785,805
<br />Change in Net Assets
<br />Governmental activities $ 10,448,919 $ 18,626,273 $ 5,884,973 $ 5,960,593
<br />Business -type activities 8,036,709 8,380,303 11,748,183 5,026,148
<br />Total government $ 18,485,628 $ 27,006,576 $ 17,633,156 $ 10,986,741
<br />Note: The City implemented GASB Statement No. 34 in fiscal year 2004. This information is not
<br />available for previous fiscal years.
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