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City of Ramsey Annual Summary Financial Report
<br />The purpose of this report is to provide a summary of financial information concerning the City of Ramsey to
<br />interested citizens. The complete financial statements may be found on our website at wwwcityoframsey.com or
<br />at City Hall, 7550 Sunwood Drive NW, Ramsey, MN. Questions should be directed to the Finance Officer Diana
<br />Lund at 763-433-9847
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<br />Revenues and Expenditures for General Operations
<br />(Governmental Funds)
<br />Percent
<br />Increase
<br />Revenues: 2020 2019 (Decrease)
<br />Property Taxes $ 13,682,348 $ 12,872,234 6.29%
<br />Franchise Fees 423,045 - 0.00%
<br />Special Assessments 484,810 1,025,527 -52.73%
<br />Licenses and Permits 850,504 901,222 -5.63%
<br />Intergovernmental Revenue 5,793,188 1,518,639 281.47%
<br />Charges for Services 1,246,378 1,892,517 -34.14%
<br />Fines and forfeits 34,735 49,479 -29.80%
<br />Other Revenue:
<br />Investment Earnings 1,020,655 1,104,969 -7.63%
<br />Miscellaneous 842,747 1,036,319 -18.68%
<br />Total Revenues $ 24,378,410 $ 20,400,906 19.50%
<br />Per Capita* $ 894 $ 754 18.57%
<br />Expenditures:
<br />General Government $ 4,849,293 $ 4,358,408 11.26%
<br />Public Safety 5,967,770 5,360,402 11.33%
<br />Highways and Streets 2,068,827 2,528,216 -18.17%
<br />Culture and Recreation 1,476,727 1,281,153 15.27%
<br />Economic Development 481,858 - 0.00%
<br />Debt Service:
<br />Bond Principal retirement 4,045,000 2,280,000 77.41%
<br />Interest and fiscal charges 873,623 854,188 2.28%
<br />Capital Outlay 7,406,231 1,505,922 391.81%
<br />Total Expenditures $ 27,169,329 $ 18,168,289 49.54%
<br />Per Capita* $ 997 $ 672 48.38%
<br />Total Long-term Indebtedness $ 36,499,319 $ 30,405,906 20.04%
<br />Per Capita* $ 1,339 $ 1,124 19.11%
<br />Governmental Fund Balance - December 31
<br />General Fund
<br />Nonspendable $ 16,849 $ 23,640
<br />Unassigned 10,073,204 8,856,806
<br />Total General Fund $ 10,090,053 $ 8,880,446
<br />Per Capita* $ 370 $ 328
<br />All other Governmental Funds
<br />Nonspendable
<br />Restricted
<br />Committed
<br />Assigned
<br />Total all other governmental funds
<br />Per Capita*
<br />$ 295 $ 1,801
<br />27,518,666.00 19,957,595.00
<br />1,326,070.00 1,184,262.00
<br />18,886,283.00 15,297,043.00
<br />$ 47,731,314 $ 36,440,701
<br />$ 1,751 $ 1,347
<br />13.62%
<br />12.74%
<br />30.98%
<br />29.97%
<br />* Calculated using population estimate of 27,263 for 2020 and 27,052 for 2019.
<br />Ramsey Resident • July/August • 2021
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