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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, 2016
<br />Special Revenue Funds Debt Service Fund
<br />2012A
<br />COR G.O. Improvement
<br />General Tax Increment Land Bond Refund
<br />Revenue
<br />Property taxes $ 8,261,529 $ 700,001 $ 462 $ 1,068,562
<br />Special assessments —
<br />Licenses and permits 526,008
<br />Intergovernmental revenue 482,243
<br />Charges for services 679,223
<br />Fines and forfeits 66,410
<br />Other revenue
<br />Investment earnings 59,317 45,957 7,923
<br />Miscellaneous 36,068 157
<br />Total revenue 10,110,798 746,115 462 1,076,485
<br />Expenditures
<br />Current
<br />General government 2,802,965 462,308 380
<br />Public safety 4234,482
<br />Highways and streets 1,788,385
<br />Culture and recreation 1,027267
<br />Capital outlay 516,156
<br />Debt service
<br />Principal retirement — 580,000
<br />Interest and fiscal charges 76,829 492,013
<br />Total expenditures 10,446,084 462,308 1,072,393
<br />Excess (deficiency) of revenue over expenditures (335286) 283,807 462 4,092
<br />Other financing sources (uses)
<br />Debt issued
<br />Premium on debt issued
<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 />896,353
<br />(316,719) (109,987) (230,000)
<br />579,634 (109,987) (230,000)
<br />244,348 173,820
<br />(229,538) 4,092
<br />7273,045 4,823,393 8,767239 725,429
<br />$ 7,517,393 $ 4,997213 $ 8,537,701 $ 729,571
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