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<br />CITY OF RAMSEY - FINANCIAL DASHBOARD
<br />QUARTERLY UPDATE-PERIOD ENDING JUNE 30, 2011
<br />FUND BALANCES:
<br />20106/2011
<br /> Total Fund Balances$ 46,476,587 $ 42,257,922 Why Decrease:
<br /> 6 months of General Fund Exp-Property (Tax rec'd July) - $3.3M
<br /> Debt Service - $890,000
<br />STRATEGIC GOALS:STATUS
<br />Strategic Goal 4: Budget/Finance
<br />1) Review park programming and potential reallocation of parksPark Inventory Complete
<br />2) Implement credit cards and online bill payCompleted-Bring quarterly report to FC in October
<br />3) Review & revise Development Management contract and manage COR expendituresDM Contract Completed. Quarterly update expense
<br />4) Develop TIF 14 tracking plan with regard to fiscal disparities impactFirst update will be August 2012 after TIF reporting
<br />5) Establish fund reserve policyBring to FC in October with GASB 54 changes
<br />UPCOMING EVENTS:
<br />-2012 Budget-Proposed Levy/Budget Adoption - September 13
<br />-2013 Schedule of Rates, Fees & Charges
<br />-Certification of delinquent utilities and invoices
<br />-2012-2017 Capital Improvement Plan (CIP)
<br />-Auditing Services RFP
<br />-Refinancing of $4,335,000 GO Bond to save approximately $170,000
<br />DEBT:
<br /> Debt Limit Calc
<br /> As of June 2, 2011
<br />2011 Values
<br />Taxable Market Value$ 1,992,064,900.00
<br />Debt Limit - 3% of Market Value$59,761,947.00
<br />Debt Applicable to limit:
<br />Total Bonded Debt:$ 24,625,000.00
<br />Less:
<br /> Obligations with Special Assessments$ (4,740,000.00)
<br /> Obligations with Tax Increment$ (1,175,000.00)
<br />$ (5,915,000.00)
<br />$18,710,000.00
<br />Legal Debt Margin$41,051,947.00
<br />KƵƚƐƚĂŶĚŝŶŐĞďƚϮϬϬϮͲ:ƵŶĞϮϬϭϭ
<br />$32,252,000
<br />YearDebt Amount
<br />$35,000,000
<br />2002$ 11,959,000
<br />$32,997,000
<br />$29,355,000
<br />$30,000,000
<br />2003$ 12,728,000
<br />$31,365,000
<br />$25,030,000
<br />2004$ 11,646,000
<br />$25,000,000
<br />$27,265,000
<br />2005$ 32,997,000
<br />$24,625,000
<br />$20,000,000
<br />Debt Amount
<br />2006$ 32,252,000
<br />2007$ 31,365,000
<br />$15,000,000
<br />2008$ 29,355,000 $11,646,000
<br />$11,959,000
<br />2009$ 27,265,000
<br />$10,000,000
<br />$12,728,000
<br />2010$ 25,030,000
<br />$5,000,000
<br />June 2011$ 24,625,000
<br />$-
<br />200220032004200520062007200820092010June 2011
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