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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 examined on our website at www.cityoframsey.com
<br /> or at City Hall,7550 Sunwood Drive NW,Ramsey,MN 55303. Questions should be directed to Finance Director
<br /> Diana Lund at 763-433-9847 or dlund@cityoframsey.com.
<br /> Revenues and Expenditures for General Operations
<br /> (Governmental Funds)
<br /> Percent
<br /> Increase
<br /> Revenues: 2021 2020 (Decrease)
<br /> Property Taxes $ 14,846,572 $ 13,682,348 8.51%
<br /> Franchise Fees 2,071,476 423,045 389.66%
<br /> Special Assessments 766,131 484,810 58.03%
<br /> Licenses and Permits 917,645 850,504 7.89%
<br /> Intergovernmental Revenue 1,610,478 5,793,188 -72.20%
<br /> Charges for Services 2,038,120 1,246,378 63.52%
<br /> Fines and forfeits 51,153 34,735 47.27%
<br /> Other Revenue:
<br /> Investment Earnings (161,690) 1,020,655 -115.84%
<br /> Miscellaneous 1,064,495 842,747 26.31%
<br /> Total Revenues $ 23,204,380 $ 24,378,410 -4.82%
<br /> Per Capita* $ 830 $ 894 -7.14%
<br /> Expenditures:
<br /> General Government $ 3,941,404 $ 4,849,293 -18.72%
<br /> Public Safety 6,415,511 5,967,770 7.50%
<br /> Highways and Streets 2,164,326 2,068,827 4.62%
<br /> Culture and Recreation 1,417,251 1,476,727 -4.03%
<br /> Economic Development 2,140,267 481,858 344.17%
<br /> Debt Service:
<br /> Bond Principal retirement 1,930,000 4,045,000 -52.29%
<br /> Interest and fiscal charges 851,152 873,623 -2.57%
<br /> Capital Outlay 16,026,400 7,406,231 116.39%
<br /> Total Expenditures $ 34,886,311 $ 27,169,329 28.40%
<br /> Per Capita* $ 1,248 $ 997 25.27%
<br /> Total Long-term Indebtedness $ 32,905,558 $ 36,499,319 -9.85%
<br /> Per Capita* $ 1,177 $ 1,339 -12.05%
<br /> Governmental Fund Balance-December 31
<br /> General Fund
<br /> Nonspendable $ 36,195 $ 16,849
<br /> Unassigned 10,413,294 10,073,204
<br /> Total General Fund $ 10,449,489 $ 10,090,053 3.56%
<br /> Per Capita* $ 374 $ 370 1.03%
<br /> All other Governmental Funds
<br /> Nonspendable $ 52 $ 295
<br /> Restricted 17,331,642.00 27,518,666.00
<br /> Committed 1,611,150.00 1,326,070.00
<br /> Assigned 17,358,673.00 18,886,283.00
<br /> Total all other governmental funds $ 36,301,517 $ 47,731,314 -23.95%
<br /> Per Capita* $ 1,299 $ 1,751 -25.80%
<br /> *Calculated using population estimate of 27,946 for 2021 and 27,263 for 2020.
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