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CITY OF RAMSEY - FINANCIAL DASHBOARD
<br />QUARTERLY UPDATE- PERIOD ENDING JUNE 30, 2011
<br />FUND BALANCES:
<br />Total Fund Balances
<br />6/2010 6/2011
<br />$ 40,367,751 $ 42,257,922
<br />STRATEGIC GOALS:
<br />Strategic Goal 4: Budget/Finance
<br />1) Review park programming and potential reallocation of parks
<br />2) Implement credit cards and online bill pay
<br />3) Review & revise Development Management contract and manage COR expenditures
<br />4) Develop TIF 14 tracking plan with regard to fiscal disparities impact
<br />5) Establish fund reserve policy
<br />STATUS
<br />Park Inventory Complete
<br />Completed -Bring quarterly report to FC in October
<br />DM Contract Completed. Quarterly update expense
<br />First update will be August 2012 after TIF reporting
<br />Bring 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 5170,000
<br />DEBT:
<br />Debt Limit Calc
<br />As of June 2, 2011
<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 />$10,000,00
<br />$5,000,000
<br />$-
<br />2002
<br />2003
<br />2004
<br />$24,625,000.00
<br />$ (4,740,000.00)
<br />$ (1,175,000.00)
<br />$ (5,915,000.00)
<br />$18,710,000.00
<br />Outstanding Debt 2002- June 2011
<br />2005
<br />2006
<br />2011 Values
<br />$ 1,992,064,900.00
<br />$59,761,947.00
<br />Legal Debt Margin $41,051,947.00
<br />2007
<br />2008
<br />2009
<br />2010 June2011
<br />—4—Debt Amount
<br />$32,997,000 29,355,000
<br />25,030,000
<br />$31,365,000
<br />$27,265,000
<br />'
<br />524.625.000
<br />L,959.0.1
<br />11,646,000
<br />$12,728,000
<br />CITY OF RAMSEY - FINANCIAL DASHBOARD
<br />QUARTERLY UPDATE- PERIOD ENDING JUNE 30, 2011
<br />FUND BALANCES:
<br />Total Fund Balances
<br />6/2010 6/2011
<br />$ 40,367,751 $ 42,257,922
<br />STRATEGIC GOALS:
<br />Strategic Goal 4: Budget/Finance
<br />1) Review park programming and potential reallocation of parks
<br />2) Implement credit cards and online bill pay
<br />3) Review & revise Development Management contract and manage COR expenditures
<br />4) Develop TIF 14 tracking plan with regard to fiscal disparities impact
<br />5) Establish fund reserve policy
<br />STATUS
<br />Park Inventory Complete
<br />Completed -Bring quarterly report to FC in October
<br />DM Contract Completed. Quarterly update expense
<br />First update will be August 2012 after TIF reporting
<br />Bring 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 5170,000
<br />DEBT:
<br />Debt Limit Calc
<br />As of June 2, 2011
<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 />$10,000,00
<br />$5,000,000
<br />$-
<br />2002
<br />2003
<br />2004
<br />$24,625,000.00
<br />$ (4,740,000.00)
<br />$ (1,175,000.00)
<br />$ (5,915,000.00)
<br />$18,710,000.00
<br />Outstanding Debt 2002- June 2011
<br />2005
<br />2006
<br />2011 Values
<br />$ 1,992,064,900.00
<br />$59,761,947.00
<br />Legal Debt Margin $41,051,947.00
<br />2007
<br />2008
<br />2009
<br />2010 June2011
<br />—4—Debt Amount
<br />
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