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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 /> 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
<br /> Revenues
<br /> Property taxes $ 11,545,803 $ 10,490,825 $ 9,544,771 $ 10,175,399 $ 10,684,896 $ 11,150,611 $ 12,416,534 $ 12,872,234 $ 13,682,348 $ 14,846,572
<br /> Franchise fees - - - - - - - - 423,045 2,071,476
<br /> Special assessments 436,854 370,791 326,465 468,844 444,235 959,217 559,599 1,025,527 484,810 766,131
<br /> Licenses and permits 534,910 718,875 458,532 784,954 526,008 732,129 1,031,944 901,222 850,504 917,645
<br /> Intergovernmental revenue 3,736,095 2,919,701 2,615,851 2,052,791 1,795,988 2,213,034 2,947,966 1,518,639 5,793,188 1,610,478
<br /> Charges for services 1,681,400 877,849 966,951 1,779,697 1,298,085 1,469,703 2,355,969 1,892,517 1,246,378 2,038,120
<br /> Fines and forfeits 75,562 73,110 72,216 60,236 66,410 59,701 46,651 49,479 34,735 51,153
<br /> Investment earnings(charges) 468,032 (403,836) 965,382 416,508 276,142 447,200 570,243 1,104,969 1,020,655 (161,690)
<br /> Other 1,909,229 1,402,508 596,208 10,679,794 773,836 707,675 765,601 1,036,319 842,747 1,064,495
<br /> Total Revenues 20,387,885 16,449,823 15,546,376 26,418,223 15,865,600 17,739,270 20,694,507 20,400,906 24,378,410 23,204,380
<br /> Expenditures
<br /> General government 18,291,512 2,837,610 3,175,959 3,119,273 3,537,925 4,031,933 4,212,365 4,358,408 4,849,293 3,941,404
<br /> Public safety 3,860,697 3,740,132 3,809,209 4,011,871 4,234,482 4,727,493 4,788,902 5,360,402 5,967,770 6,415,511
<br /> Highways and streets 4,391,415 3,883,519 2,930,144 1,815,409 2,199,615 2,542,463 2,390,707 2,528,216 2,068,827 2,164,326
<br /> Culture and recreation 836,452 1,013,089 1,004,750 1,428,116 1,478,090 1,960,624 1,291,816 1,281,153 1,476,727 1,417,251
<br /> Economic development - - - - - - - - 481,858 2,140,267
<br /> Capital outlay 3,370,128 705,383 3,688,952 6,314,573 2,756,193 1,922,947 3,568,285 1,505,922 7,406,231 16,026,400
<br /> Debt service
<br /> Principal 1,485,000 1,315,000 1,580,000 8,780,000 1,735,000 2,085,000 2,100,000 2,280,000 4,045,000 1,930,000
<br /> Interest 2,681,176 1,213,120 1,179,859 1,103,614 965,474 967,281 923,125 854,188 873,623 851,152
<br /> Total Expenditures 34,916,380 14,707,853 17,368,873 26,572,856 16,906,779 18,237,741 19,275,200 18,168,289 27,169,329 34,886,311
<br /> Excess(deficiency)of revenues
<br /> over expenditures (14,528,495) 1,741,970 (1,822,497) (154,633) (1,041,179) (498,471) 1,419,307 2,232,617 (2,790,919) (11,681,931)
<br /> Other financing sources(uses)
<br /> Debt issued 7,320,000 635,000 875,000 5,085,000 1,650,000 895,000 1,175,000 - 9,055,000 -
<br /> Refunding debt issued 16,875,000 - - - - - - - - 9,845,000
<br /> Payments on refunded debt (17,227,352) - (2,895,000) - - - - - - (10,510,000)
<br /> Premium on debt issues 284,907 - - 111,606 69,482 5,590 35,246 - 4,068 809,201
<br /> Proceeds on sale of capital assets 11,753 12,940 - 8,914 - 5,530 75,047 8,428 2,372 46,443
<br /> Transfers in 6,237,727 2,606,637 2,329,539 3,642,196 2,183,931 1,536,025 1,447,137 1,714,327 11,238,331 2,049,840
<br /> Transfers(out) (6,130,227) (2,494,637) (2,210,039) (3,518,196) (1,418,350) (1,403,025) (1,287,049) (2,220,821) (5,008,632) (1,628,914)
<br /> Total other financing sources(uses) 7,371,808 759,940 (1,900,500) 5,329,520 2,485,063 1,039,120 1,445,381 (498,066) 15,291,139 611,570
<br /> Net change in fund balances $ (7,156,687) $ 2,501,910 $ (3,722,997) $ 5,174,887 $ 1,443,884 $ 540,649 $ 2,864,688 $ 1,734,551 $ 12,500,220 $ (11,070,361)
<br /> Debt service as a percentage of
<br /> noncapital expenditures 13.21% 18.05% 20.17% 48.79% 19.08% 18.71% 19.25% 18.81% 24.89% 14.75%
<br /> 142
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