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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, 2019
<br />Special Revenue Funds Debt Service Funds
<br />2011A
<br />COR Private Armstrong/Bunker
<br />General Tax Increment Land Developer Bond
<br />Revenue
<br />Property taxes $ 9,902,811 $ 1,074,836 $ - $ - $ -
<br />Special assessments - - - - 485,327
<br />Licenses and permits 901,222 - - - -
<br />Intergovernmental revenue 442,366 - - - 301,533
<br />Charges for services 790,112 - - - -
<br />Fines and forfeits 49,479 - - - -
<br />Other revenue
<br />Investment earnings 202,865 165,096 26,435
<br />Miscellaneous 16,637 - - 106,204 -
<br />Total revenue 12,305,492 1,239,932 - 106,204 813,295
<br />Expenditures
<br />Current
<br />General government
<br />Public safety
<br />Highways and streets
<br />Culture and recreation
<br />Capital outlay
<br />Debt service
<br />Principal retirement
<br />Interest and fiscal charges
<br />Total expenditures
<br />3,386,029
<br />5,244,827
<br />1,827,573
<br />1,266,338
<br />628,835
<br />622,505
<br />297,983
<br />106,204
<br />420
<br />360,000
<br />61,853 12,248 - - 69,390
<br />12,415,455 932,736 - 106,204
<br />429,810
<br />Excess (deficiency) of revenue over expenditures (109,963) 307,196 383,485
<br />Other financing sources (uses)
<br />Proceeds on sale of capital assets
<br />Transfers in
<br />Transfers (out)
<br />Total other financing sources (uses)
<br />Net change in fund balances
<br />903,354 -
<br />(403,072) (300,000)
<br />500,282 (300,000)
<br />390,319 7,196 383,485
<br />Fund balances
<br />Beginning of year 8,490,127 4,841,978 8,629,937 - 971,719
<br />End of year
<br />See notes to basic financial statements
<br />$ 8,880,446 $ 4,849,174 $ 8,629,937 $ - $ 1,355,204
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