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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, 2020
<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 $ 10,578,482 $ 1,229,175 $ $ $
<br />Franchise fees — —
<br />Special assessments
<br />Licenses and permits 850,504 —
<br />Intergovernmental revenue 2,679,428 575,000
<br />Charges for services 731,937
<br />Fines and forfeits 34,735
<br />Other revenue
<br />Investment earnings 213,601 148,188
<br />Miscellaneous 12,861 30,000 64,457
<br />Total revenue 15,101,548 1,407,363 64,457 575,000
<br />Expenditures
<br />Current
<br />General government 3,782,634 747,918 64,457
<br />Public safety 5,928,188
<br />Highways and streets 2,009,196
<br />Culture and recreation 1,355,711 —
<br />Economic development 481,858
<br />Capital outlay 497,057
<br />Debt service
<br />Principal retirement 2,180,000
<br />Interest and fiscal charges 52,223
<br />Total expenditures 13,572,786 747,918 481,858 64,457 2,232,223
<br />Excess (deficiency) of revenue over expenditures 1,528,762 659,445
<br />Other financing sources (uses)
<br />Debt issued
<br />Premium on debt issued
<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 />Fund balances
<br />Beginning of year
<br />End of year
<br />See notes to basic financial statements
<br />706,049 —
<br />(1,025,204) (200,000)
<br />(481,858) (1,657,223)
<br />(319,155) (200,000)
<br />1,209,607 459,445 (481,858)
<br />8,880,446 4,849,174 8,629,937
<br />302,019
<br />302,019
<br />(1,355,204)
<br />1,355,204
<br />$ 10,090,053 $ 5,308,619 $ 8,148,079 $ $
<br />46
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