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CITY OF RAMSEY
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />General Fund - Budget and Actual
<br />Year Ended December 31, 2020
<br />Budgeted Amounts
<br />Original Final
<br />Actual
<br />Over (Under)
<br />Final Budget
<br />Revenue
<br />Property taxes $ 10,625,932 $ 10,625,932 $ 10,578,482 $ (47,450)
<br />Licenses and permits 633,300 633,300 850,504 217,204
<br />Intergovernmental revenue 405,595 405,595 2,679,428 2,273,833
<br />Charges for services 666,162 666,162 731,937 65,775
<br />Fines and forfeits 55,500 55,500 34,735 (20,765)
<br />Other revenue
<br />Investment earnings 100,000 100,000 213,601 113,601
<br />Miscellaneous 21,100 21,100 12,861 (8,239)
<br />Total revenue 12,507,589 12,507,589 15,101,548 2,593,959
<br />Expenditures
<br />Current
<br />General government
<br />Public safety
<br />Highways and streets
<br />Culture and recreation
<br />Capital outlay
<br />Debt service
<br />Interest and fiscal charges
<br />Total expenditures
<br />3,615,556
<br />5,668,072
<br />2,176, 741
<br />1,265,847
<br />471,000
<br />3,615,556
<br />5,668,072
<br />2,176, 741
<br />1,265,847
<br />471,000
<br />3,782,634
<br />5,928,188
<br />2,009,196
<br />1,355,711
<br />497,057
<br />167,078
<br />260,116
<br />(167,545)
<br />89,864
<br />26,057
<br />106,373 106,373 - (106,373)
<br />13,303,589 13,303,589
<br />13,572,786 269,197
<br />Excess (deficiency) of revenue
<br />over expenditures (796,000) (796,000) 1,528,762 2,324,762
<br />Other financing sources (uses)
<br />Transfers in 796,000 796,000 706,049 (89,951)
<br />Transfers (out) - - (1,025,204) (1,025,204)
<br />Total other financing sources (uses) 796,000 796,000 (319,155) (1,115,155)
<br />Net change in fund balances
<br />Fund balances
<br />Beginning of year
<br />$ - $ - 1,209,607 $ 1,209,607
<br />8,880,446
<br />End of year $ 10,090,053
<br />See notes to basic financial statements
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