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Notice Annual Summary Financial Report
<br />City of Ramsey
<br /> nancial information concerning the City of Ramsey
<br /> nancial statements may be examined on our website at www.cityoframsey.
<br />Department at 763-427-1410.
<br />Revenues and Expenditures for General Operations
<br />(Governmental Funds)
<br />Percent
<br />Increase
<br />Revenues:20142013(Decrease)
<br />Property Taxes9,544,771$ 10,490,825$ -9.02%
<br />Special Assessments326,465 370,791 -11.95%
<br />Licenses and Permits458,532 718,875 -36.22%
<br />Intergovernmental Revenue2,615,851 2,919,701 -10.41%
<br />Charges for Services966,951 877,849 10.15%
<br />Fines and forfeits72,216 73,110 -1.22%
<br />Other Revenue:
<br />Investment Earnings965,382 (403,836) 339.05%
<br />Miscellaneous596,208 1,402,508 -57.49%
<br />Total Revenues15,546,376$ 16,449,823$ -5.49%
<br />Per Capita*623$ 677$ -7.88%
<br />Expenditures:
<br />General Government3,175,959$ 2,837,610$ 11.92%
<br />Public Safety3,809,209 3,740,132 1.85%
<br />Highways and Streets2,930,144 3,883,519 -24.55%
<br />Culture and Recreation1,004,750 1,013,089 -0.82%
<br />Debt Service:
<br />Bond Principal retirement1,580,000 1,315,000 20.15%
<br />Interest and fiscal charges1,179,859 1,213,120 -2.74%
<br />Capital Outlay3,688,952 705,383 422.97%**
<br /> Total Expenditures17,368,873$ 14,707,853$ 18.09%
<br />Per Capita*697$ 605$ 15.11%
<br />Total Long-term Indebtedness33,242,334$ 36,831,840$ -9.75%
<br />Per Capita*1,368$ 1,515$ -9.75%
<br />Governmental Fund Balance - December 31
<br />General Fund
<br />Reserved-$ -$
<br />Unreserved- -
<br />Nonspendable4,805.00 50,561.00
<br />Assigned- 175,008.00
<br />Unassigned6,977,764.00 6,545,825.00
<br />Total General Fund6,982,569$ 6,771,394$ 3.12%
<br />Per Capita*280$ 279$ 0.52%
<br />All other Governmental Funds
<br />Reserved-$ -$
<br />Unreserved
<br />Nonspendable- 590.00
<br />Restricted15,295,400.00 19,148,705.00
<br />Committed743,944.00 927,557.00
<br />Assigned10,651,554.00 10,719,398.00
<br />Unassigned(110,979.00) (282,159.00)
<br />Total all other governmental funds26,579,919$ 30,514,091$ -12.89%
<br />Per Capita*1,066$ 1,255$ -15.09%
<br />*Calculated using population estimate of 24,935 for 2014 and 24,306 for 2013
<br />** The increase in capital outlay expenditure was largely attributed to road construction (Riverdale Drive & Center Street)
<br />and the construction of the Elm Crest Park Building
<br />6 Ramsey Resident ¤ September/October 2015
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