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CITY OF RAMSEY
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />Governmental Funds
<br />Year Ended December 31, 2014
<br />Special Revenue FundsDebt Service Fund
<br />Housing and2012APublic
<br />RedevelopmentG.O. ImprovementImprovement
<br />GeneralTax Increment AuthorityBond RefundRevolving
<br />Revenue
<br />$ 668,1817,272,007$ 1,009,722
<br />Property taxes
<br />$ $ 207,293$ –
<br />––
<br />Special assessments
<br /> – – 255,050
<br />458,532 –
<br />Licenses and permits
<br /> – – –
<br />432,476 –
<br />Intergovernmental revenue
<br /> – 5 8 –
<br />636,213–
<br />Charges for services
<br /> – – 33,364
<br />72,216 –
<br />Fines and forfeits
<br /> – – –
<br />Other revenue
<br />216,405 29,079
<br />Investment earnings (charges)
<br /> 119,267 17,441 115,988
<br />67,132–
<br />Miscellaneous
<br /> – 123,256 2,754
<br />9,154,981 1,038,801
<br />Total revenue
<br /> 787,448 348,048 407,156
<br />Expenditures
<br />Current
<br />2,242,119 –
<br />General government
<br /> 237,620 246,587 –
<br />3,809,209 –
<br />Public safety
<br /> – – –
<br />1,838,115–
<br />Highways and streets
<br /> – – 59,661
<br />824,042 –
<br />Culture and recreation
<br /> – – –
<br />456,679 –
<br />Capital outlay
<br /> 192,102 – –
<br />Debt service
<br />– 495,000
<br />Principal retirement
<br /> – – –
<br />87,366 523,063
<br />Interest and fiscal charges
<br /> – – –
<br />9,257,530 1,018,063
<br />Total expenditures
<br /> 429,722 246,587 59,661
<br /> (102,549) 20,738
<br /> Excess (deficiency) of revenue over expenditures
<br /> 357,726 101,461 347,495
<br />Other financing sources (uses)
<br />– –
<br />Debt issued
<br /> – – –
<br />– –
<br />Payment on refunded debt
<br /> – – –
<br />1,000,624–
<br />Transfers in
<br /> – – 274,760
<br /> (686,900) (587,000) (220,419)–
<br />Transfers (out)
<br /> (25,000)
<br /> (587,000)313,724 (220,419) –
<br />Total other financing sources (uses)
<br /> 249,760
<br /> (229,274)211,175 (118,958) 20,738
<br />Net change in fund balances
<br /> 597,255
<br />Fund balances (deficits)
<br />6,771,394 699,611
<br />Beginning of year
<br /> 3,124,985 8,230,719 2,915,471
<br />$ 2,895,7116,982,569$ 8,111,761$ 720,349
<br />End of year
<br />$ $3,512,726
<br />See notes to basic financial statements
<br />Page 46
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