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City of Ramsey
<br />Changes in Fund Balances of Governmental Funds
<br />Last Ten Fiscal Years
<br />(modified accrual basis of accounting)
<br />Fiscal Year
<br />2008 2009 2010 2011 2012 2013
<br />2014
<br />Revenues
<br />Property taxes $ 12,101,523 $ 13,238,885 $ 12,151,317 $ 11,709,649 $ 11,545,803 $ 10,490,825 $ 9,544,771 $ 10
<br />Special assessments 503,718 446,452 492,870 545,764 436,854 370,791 326,465
<br />Licenses and permits 855,914 373,462 412,071 368,153 534,910 718,875 458,532
<br />Intergovernmental revenue 2,622,219 1,733,329 2,029,558 3,140,747 3,736,095 2,919,701 2,615,851 2
<br />Charges for services 609,223 947,307 1,319,586 1,517,320 1,681,400 877,849 966,951 1
<br />Fines and forfeits 126,559 113,661 100,199 105,833 75,562 73,110 72,216
<br />Investment earnings (charges) 1,715,220 1,102,245 1,269,263 895,184 468,032 (403,836) 965,382
<br />Other 4,041,273 1,422,878 838,148 746,505 1,909,229 1,402,508 596,208 10
<br />Total Revenues 22,575,649 19,378,219 18,613,012 19,029,155 20,387,885 16,449,823 15,546,376 26
<br />Expenditures
<br />General government 4,227,391 3,933,652 4,280,825 4,847,669 18,291,512 2,837,610 3,175,959 3
<br />Public safety 3,941,648 3,945,154 3,779,318 3,886,613 3,860,697 3,740,132 3,809,209 4
<br />Highways and streets 2,868,137 2,282,505 2,753,505 4,944,097 4,391,415 3,883,519 2,930,144 1
<br />Culture and recreation 901,042 861,406 817,538 857,927 836,452 1,013,089 1,004,750 1
<br />Capital outlay 4,484,807 4,429,123 6,353,954 6,589,201 3,370,128 705,383 3,688,952 6
<br />Debt service
<br />Principal 2,010,000 3,430,000 2,235,000 1,810,000 1,485,000 1,315,000 1,580,000 8
<br />Interest 1,352,656 1,331,563 1,322,871 1,220,906 2,681,176 1,213,120 1,179,859 1
<br />Total Expenditures 19,785,681 20,213,403 21,543,011 24,156,413 34,916,380 14,707,853 17,368,873 26
<br />Excess of revenues
<br />over (under) expenditures
<br />2,789,968 (835,184) (2,929,999) (5,127,258) (14,528,495) 1,741,970 (1,822,497)
<br />Other financing sources (uses)
<br />Bonds issued 1,340,000 - 4,365,000 7,320,000 635,000 875,000 5
<br />Refunding bonds issued - 3,090,000 16,875,000
<br />Premium/(Discount) on debt issues (25,125) - (22,036) 284,907
<br />Payments on refunded bonds - - (17,227,352) (2,895,000)
<br />Proceeds on sale of capital assets 57,975 28,545 8,361 19,980 11,753 12,940 -
<br />Transfers in 4,364,931 5,620,998 7,782,837 3,864,855 6,237,727 2,606,637 2,329,539 3
<br />Transfers (out) (3,412,581) (5,529,198) (7,455,903) (2,665,270) (6,130,227) (2,494,637) (2,210,039) (3
<br />Total other financing sources (uses) 1,010,325 1,435,220 335,295 8,652,529 7,371,808 759,940 (1,900,500) 5
<br />Special item 5,851,196 -
<br />Net change in fund balances $ 3,800,293 $ 6,451,232 $ (2,594,704) $ 3,525,271 $ (7,156,687) $ 2,501,910 $ (3,722,997) $ 5
<br />Debt service as a percentage of
<br />noncapital expenditures 21.98% 30.17% 23.42% 17.25% 13.21% 18.05% 20.17%
<br />138
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