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r <br /> <br />Background:I <br /> <br /> CITY OF RAMSEY GENERAL FUND <br /> AS OF DECEMBER 31, 1991 <br />By: Sandra Ashley Helling, Finance Officer <br /> <br />CASE #1 <br /> <br />The City~Slr auditors have completed their on-site work for the December 31, <br />1991 aud(t. Two adjusting entries were made. The first one involved a <br />receivable pet iuP for an insurance claim that was overstated by $1,400 and the <br />second invblve~d back paY for an employee that was approved by Council at the <br />May 12, '1~92 irneeting. Mary and I have begun writing the City's Comprehensive <br />Annual Fl~nCial ,Report which should be in final draft form by May 29, 1992. <br />After the; jaudi~tors review, the report will be presented along with the audit <br />report to t~e ~ouncil. We will make every effort to present this at the June 23, <br />1992 mee~ng.: <br />in summar~y, <br />~ City of Ramsey - General Fund <br />i= As of December 31, 1991 <br /> <br />Total Revenue <br /> <br />Total Expendi!ures' <br /> <br /> Excess.~:of Revenue Over <br /> Expe~ditUrbs <br /> <br />Other Finanai SoUrces (Uses): <br /> <br /> Opera / O ' ra.s ers <br /> Operating ~ransfers (Out) <br /> <br /> Total ~ther Financing <br /> Source, s (U~ses) <br /> [ <br /> Excess,of Rervenue and Other <br /> Fint[n~ng ~ources Over <br /> Expen~itutd~s and Other <br /> Financing UCes <br />Fund Balance ~Beglnning of Year <br /> <br /> [ <br />Fund Balance -~End Of Year <br /> <br />Actual J Amended Favorable <br />12/31/91 1991 Budget (Unfavorable) <br /> <br />$ 2,140,41 $ 2,312,336 $ (171,918) <br /> 8 <br /> <br />2,046,00 2,432,101 386,098 <br />3 <br /> <br />94,415 (119,765) 214,180 <br /> <br /> 48,589 224,765 (1 76,176) <br />(1 05,000) (105,000) -0- <br /> <br />(56,411 ) 119,765 (1 76,1 76) <br /> <br />$ 38,004 $ -0- $ 38,004 <br /> <br /> 1,596,39 1,596,395 -0- <br /> 5 <br /> <br />$ 1,634,39 $ 1,596,395 $ 38,004 <br />9 <br /> <br /> <br />