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General Revenues and Other Changes in Net Assets <br />Governmental activities: <br />Property taxes $ <br />General grants and contributions <br />Investment earnings <br />Sale of capital assets <br />Transfers <br />Total governmental activities <br />Business -type activities: <br />Investment earnings <br />Transfers <br />Total business -type activities <br />Total government $ <br />Change in Net Assets <br />Governmental activities <br />Business -type activities <br />Total government <br />City of Ramsey <br />Changes in Net Assets (Continued) <br />Last Seven Fiscal Years <br />(accrual basis of accounting) <br />2004 <br />7,954,549 $ <br />506,401 <br />576,300 <br />47,000 <br />9,084,250 <br />263,042 <br />(47,000) <br />216,042 <br />9,300,292 $ <br />$ 10,448,919 $ <br />8,036,709 <br />$ 18,485,628 $ <br />Note: The City implemented GASB Statement No. 34 in fiscal year 2004. This information is not <br />available for previous fiscal years. <br />Fiscal Year <br />2005 <br />8,807,253 $ <br />250,483 <br />1,139,598 <br />15,237 <br />(162,092) <br />10,050,479 <br />2006 <br />2007 <br />1 0,409,249 $ 11 ,562,407 <br />48,331 508,664 <br />1,686,095 1,648,318 <br />26,585 24,795 <br />(263,123) (818,207) <br />11,907,137 12,925,977 <br />388,682 812,753 1,041,621 <br />162,092 263,123 818,207 <br />550,774 1,075,876 1,859,828 <br />10,601,253 $ 12,983,013 $ 14,785,805 <br />18,626,273 $ 5,884,973 $ 5,960,593 <br />8,380,303 11,748,183 5,026,148 <br />27,006,576 $ 17,633,156 $ 10,986,741 <br />