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City of Ramsey - Finance Office <br /> <br />Prepared il-Jan-90 Day <br /> <br />STATEMENT OF REVENUE, EXPENDITURES, AND CHANGES IN <br /> FUND BALANCE AS OF 12/31/89 <br /> BEFORE CLOSING ENTRIES <br /> <br />IPARK IMPROVEMENT TRUST FUND (#805) I <br /> <br />1989 REVENUES: <br /> <br />PARK DEDICATION FEES <br /> <br />DONATIONS: <br /> COMMERICAL ASPHALT <br /> DANNY'S TRANNY <br /> <br />INTEREST EARNED ON INVESTMENTS <br /> <br />$50,271 <br /> <br />500 * <br />500 * <br /> <br />TOTAL <br />1989 <br /> <br />2,380 ** $53, 652 <br /> <br />1989 EXPENDITURES <br /> <br />EXCESS (DEFICIENCY) OF REVENUE <br />OVER EXPENDITURES <br /> <br />$53,652 <br /> <br />FUND BALANCE - BEGINNING OF THE YEAR <br /> <br />FUND BALANCE - END OF THE YEAR <br /> <br />18,722 <br /> <br />$72,374 <br /> <br />* - The council will be designating the use of these funds <br /> at the council meeting of January 23, 1990. <br /> <br />** - Interest earned on investments is not finalized until <br /> all closing entries have been made; therefore, the <br /> interest shown above is an estimate. <br /> <br />THE PARK IMPROVEMENT TRUST FUND IS USED TO ACCOUNT FOR PARK DEDICATION FEES <br />TO BE USED FOR LAND ACQUISITION AND PARK DEVELOPMENT. <br /> <br />F:01-11-90 <br /> <br /> <br />