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'1 <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> i <br /> I <br /> <br />Function <br /> <br />General Government <br />Public Safety <br />Highways and Streets <br />Heal th and Welfare <br />Comunity Development <br />Culture and Recreation <br />Miscellaneous <br /> <br />Amount <br /> <br /> increase <br />Percent (Decrease) <br />of Total over 1980 <br /> <br />$247,448 31.3% $ 31,273 <br />229,571 29.0% 47,899 <br />163,703 20.7% ( 730) <br />4,596 .6% 78 <br />10,769 1.4% 1,311 <br />29,245 3.7% (9,211) <br />105,499 13.3% 36,612 <br /> <br />$790,831 100.0% $107,232 <br /> <br />Expenditures for public safety incneased from 26.6 percent of total general <br />governmental expenditures in the preceding year to 29 percent in the current <br />year. This increased level of expenditures is the result of increased per- <br />sonnel expenditures and rising fuel costs in operating patrol cars. <br /> <br />The reduced level of expenditures for Culture and Recreation (from 5.6 per- <br />cent to 3.7 percent) reflects a reduction in capital outlay for park develop- <br />ment. <br /> <br />Unreserved fund balances in the major operating funds were maintained at <br />adequate levels. The General Fund balance of $457,775 was up $149,040 (48.3 <br />percent) from last year; and the $100,150 balance in the Special Revenue Funds <br />was up $66,543 (198 percent). <br /> <br />Debt Administration <br /> <br />The City has no bonded debt applicable to the legal debt margin. The following <br />is a summary of the bonded debt (paid wholly by Special Assessments) for fiscal <br />year 1981- <br /> <br />Gross Bonded Debt Outstanding January 1, 1981 <br />Add: Bonds Issued in Fiscal Year 1981 <br />Deduct' Bonds Redeemed in Fiscal Year 1981 <br /> <br />$2,510,000 <br /> 815,000 <br />( 85,000) <br /> <br />Gross Bonded Debt Outstanding, December 31, 1981 $3,240,000 <br /> <br />Cash Management <br /> <br />The City of Ramsey subscribes to the."pooled cash" concept of investing, which <br />means that all funds with cash balances (except the escrow fund) participate <br />in an investment pool. This permits some funds to be temporarily overdrawn <br />and others to show cash balances when in fact the City has a cash balance. <br />This pooled cash concept provides for investing greater amounts of money at <br />more favorable rates. Interest earnings are then periodically allocated to <br />the participating funds. During 1981 the City earned $214,808 interest on <br />investments. <br /> <br />-viii- <br /> <br /> <br />