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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, 2023
<br />Special Revenue Funds
<br />COR Private
<br />General Tax Increment Land Developer
<br />Revenue
<br />Property taxes $ 12,827,463 $ 1,864,647 $ $
<br />Special assessments
<br />Licenses and permits 1,058,097
<br />Intergovernmental revenue 1,508,405
<br />Charges for services 1,067,192
<br />Contributions
<br />Fines and forfeits 39,681
<br />Other revenue
<br />Investment earnings 367,513 386,634 21,667 —
<br />Miscellaneous 27,874 — — 84,548
<br />Total revenue 16,896,225 2,251,281 21,667 84,548
<br />Expenditures
<br />Current
<br />General government 4,053,311 84,548
<br />Public safety 7,358,699 —
<br />Highways and streets 3,066,934
<br />Culture and recreation 1,628,642 —
<br />Economic development 1,681,819
<br />Capital outlay 1,121,259 6,342,293
<br />Debt service
<br />Principal retirement —
<br />Interest and fiscal charges 115,080
<br />Total expenditures 17,228,845 8,139,192 84,548
<br />Excess (deficiency) of revenue over expenditures
<br />Other financing sources (uses)
<br />Debt issued
<br />Premium on debt issues
<br />Proceeds on sale of capital assets
<br />Transfers in
<br />Transfers (out)
<br />Total other financing sources (uses)
<br />(332,620) (5,887,911) 21,667
<br />1,630,265
<br />(126,782)
<br />6,915,000
<br />230,910
<br />(359,691)
<br />173,557
<br />1,503,483 6,786,219 173,557
<br />Net change in fund balances 1,170,863
<br />898,308 195,224
<br />Fund balances
<br />Beginning of year 11,095,052 5,831,704 8,148,079
<br />End of year $ 12,265,915 $ 6,730,012 $ 8,343,303 $
<br />See notes to basic financial statements
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