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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, 2017
<br />Special Revenue Funds Debt Service Funds
<br />2012A 2011A
<br />COR G.O. Improvement Armstrong/Bunker
<br />General Tax Increment Land Bond Refund Bond
<br />Revenue
<br />Property taxes $ 8,594,143 $ 712,946 $ $ 1,093,190 $
<br />Special assessments 723,012
<br />Licenses and permits 732,129 -
<br />Intergovenunental revenue 375,045 302,570
<br />Charges for services 711,805 -
<br />Fines and forfeits 59,701
<br />Other revenue
<br />Investment eaniings 88,753 68,913 10,899 5,671
<br />Miscellaneous 21,726 101,591 -
<br />Total revenue 10,583,302 781,859 101,591 1,104,089 1,031253
<br />Expenditures
<br />Current
<br />General govenuuent
<br />Public safety
<br />Highways and streets
<br />Culture and recreation
<br />Capital outlay
<br />Debt service
<br />Principal retirement
<br />Interest and fiscal charges
<br />Total expenditures
<br />Excess (deficiency) of revenue over expenditures
<br />3,009,414 516,387 380
<br />4,499,681 - -
<br />1,702,747
<br />1,019,376 -
<br />186,663 47,936
<br />630,000 345,000
<br />75,891 16200 468,812 83,415
<br />10.493,772 580,523 1,099,192 428,415
<br />89,530 201,336 101,591 4,897 602,838
<br />Other financing sources (uses)
<br />Debt issued
<br />Premium on debt issued
<br />Proceeds on sale of capital assets -
<br />Transfers in 762,812
<br />Transfers (out) (457,117) (65,406) (9,355)
<br />Total other financing sources (uses) 305,695 (65,406) (9,355)
<br />Net change in fund balances 395 225 135,930 92236 4,897 602,838
<br />Fund balances
<br />Beginning of year, as previously stated 7,517,393 4,997213 8,537,701 729,521 394,666
<br />Prior period adjustment - (500,000) - -
<br />Beginning of year, restated 7,517,393 4,497,213 8,537,701 729,521 394,666
<br />End of year $ 7,912,618 $ 4,633,143 $ 8,629,937 $ 734,418 $ 997,504
<br />See notes to basic financial statements
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