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CASE #2 <br /> <br /> CITY OF RAMSEY GENERAL FUND <br /> INTERIM FINANCIAL STATEMENTS AS OF APRIL 30, 1992 <br /> i i By: Sandra Ashley Helling, Finance Officer <br /> <br />BackgroU;nd:i <br /> <br />From thO!staNdpoint of our financial reporting, we have now completed month <br />four of 1!:,:,:,~2i: ior 33% of the year is complete. The attached report summarizes <br />our reventles end expenditures as of April 30, 1992. <br /> <br />The City'si, 19~2 General Fund Budget Amendment #1 adopted May 12, 1992 is <br />not reflecied~in this report; th~s amendment will be entered into the City's <br />ledgers f'O'r¢-, the May 31, 1992 reporting. <br /> F <br />Attachedi: <br /> <br />City of Ra~nsey General Fund - interim Financial Report as of Apdl 30, 1992. <br />Observat!on ,S: <br /> <br />Tax, intergovernmental and interest revenues will be received or allocated <br />future moffihs, i Licenses and permits are at 53% of budget, charges for services <br />at 45% an~ c~urt fines and forfeitures at $2%. Although our total revenues are <br />only at 8% ofi budget, this number will rise rapidly with tax receipts in July. In <br />general, o~r revenues exceed expectations for this time. <br /> <br />Expenditures: <br />General g~verement expenditures are at 27% of budget, public safety is also at <br />27%, publi~: Works is 21%, park and recreation is 20%, expenditures for debt <br />service is ~3% and tree disease control at 49% will be within budget by mid- <br />July. Total !exPenditures for the General Fund are at 22% of budget. <br /> <br />Overall: <br /> <br />We contint~e t0 remain in a favorable actual to budget status and no significant <br />variances ~tre hoted. <br /> <br />Due to sal~s t~ax effective date of June 1, 1992, all departments are purchasing <br />larger quar~titi0s of materials and supplies during the month of May. This will <br />result in hi~her~ than normal monthly expenditures during the months of May and <br />June. <br /> <br /> <br />