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City of Ramsey <br />Changes in Net Assets (Continued) <br />Last Eight Fiscal Years <br />(accrual basis of accounting) <br />2004 <br />General Revenues and Other Changes in Net Assets <br />Governmental activities: <br />Property taxes $ 7,954,549 $ <br />General grants and contributions 506,401 <br />Investment earnings 576,300 <br />Sale of capital assets - <br />Transfers 47,000 <br />Total governmental activities 9,084,250 <br />Business -type activities: <br />Investment earnings 263,042 <br />Transfers (47,000) <br />Total business -type activities 216,042 <br />Total government $ 9,300,292 $ <br />Change in Net Assets <br />Governmental activities $ 10,448,919 $ <br />Business -type activities 8,036,709 <br />Total government $ 18,485,628 $ <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 />Note: The City implemented GASB Statement No. 34 in fiscal year 2004. This information is not <br />available for previous fiscal years. <br />136 <br />2006 <br />10,409,249 $ <br />48,331 <br />1,686,095 <br />26,585 <br />(263,123) <br />11,907,137 <br />2007 <br />1 1,562,407 <br />508,664 <br />1,648,318 <br />24,795 <br />(818,207) <br />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 />