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CITY OF RAMSEY
<br />Nonmajor Governmental Funds
<br />Combining Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />Year Ended December 31, 2020
<br />Special
<br />Revenue Debt Service Capital Project Totals
<br />Revenue
<br />Property taxes $ 90,950 $ 1,739,221 $ 44,520 $ 1,874,691
<br />Franchise fees 423,045 423,045
<br />Special assessments 99,974 326,413 426,387
<br />Intergovernmental revenue 34,215 338,510 2,166,035 2,538,760
<br />Charges for services 514,441 514,441
<br />Other revenue
<br />Investment earnings 90,690 68,047 338,829 497,566
<br />Miscellaneous 254,998 120 459,261 714,379
<br />Total revenue 470,853 2,245,872 4,272,544 6,989,269
<br />Expenditures
<br />Current
<br />General government 123,820 128,750 252,570
<br />Public safety 39,582 39,582
<br />Highways and streets 5,306 5,306
<br />Culture and recreation 121,016 121,016
<br />Capital outlay 52,565 2,662,441 2,715,006
<br />Debt service
<br />Principal retirement 1,865,000 1,865,000
<br />Interest and fiscal charges 650,491 7,462 657,953
<br />Total expenditures 215,967 2,515,491 2,924,975 5,656,433
<br />Excess (deficiency) of
<br />revenue over expenditures
<br />254,886 (269,619)
<br />1,347,569 1,332,836
<br />Other financing sources (uses)
<br />Proceeds on sale of capital assets 2,372 2,372
<br />Transfers in - 334,403 750,486 1,084,889
<br />Transfers (out) (70,448) (93,140) (3,253,577) (3,417,165)
<br />Total other financing sources (uses) (68,076) 241,263 (2,503,091) (2,329,904)
<br />Net change in fund balances 186,810 (28,356) (1,155,522) (997,068)
<br />Fund balances
<br />Beginning of year
<br />2,951,147 1,450,800
<br />12,878,121 17,280,068
<br />End of year $ 3,137,957 $ 1,422,444 $ 11,722,599 $ 16,283,000
<br />113
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