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CITY OF RAMSEY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1993
<br />Note 3. INDIVIDUAL FUND DISCLOSURES (Continued)
<br />A Fund Deficits (continued)
<br />Capital Project Funds -
<br />State -Aid Construction
<br />Tax Increment Development District No.II
<br />Improvement Revolving
<br />Mississippi Drainage District
<br />Park Improvement Revolving
<br />Rum River Drainage District
<br />Enterprise Funds -
<br />Sewer and Water Fund
<br />Street Light Fund
<br />(291,316)
<br />(8,264)
<br />(538,888)
<br />(23, 296)
<br />(68, 040)
<br />(7,096)
<br />(213,354)
<br />(49)
<br />The City intends to fund these deficits through future tax levies, special
<br />assessment levies, tax increments, transfers from other funds, grants, and
<br />various other sources.
<br />B Budgets
<br />During 1993, the City did not adopt budgets for the Community Development
<br />Block Grant, Community Tree Planting Grant, Future Sealcoating, Future
<br />Street Lighting, Peace Officers' and Lawful Gambling Special Revenue Funds.
<br />The following is a reconciliation between the Combined Statement of Revenue,
<br />Expenditures, and Changes in Fund Balance and the Combined Statement of
<br />Revenue, Expenditures, and Changes in Fund Balance - Budget (GAAP Basis) and
<br />Actual:
<br />Special Revenue Funds
<br />with Budgets
<br />Special Revenue Funds
<br />without Budgets
<br />Community Development
<br />Block Grants
<br />Community Tree
<br />Planting Grant
<br />Future Sealcoating
<br />Future Street Lighting
<br />Peace Officers
<br />Lawful Gambling
<br />Total
<br />Total Financing
<br />Total Expend- Sources
<br />Revenue itures (Uses)
<br />Fund Balance
<br />End of Year
<br />$ 1,290,988 $ 78, 084 $ (595, 816) $ 3,360,043
<br />12,650 14,782 - (6,269)
<br />39, 635 28, 988 - 10,797
<br />48,211 - - 253,425
<br />384 1,100 - 16,975
<br />8,320 6,487 - 10,388
<br />19,162 721 - 39,570
<br />Total All Special Revenue
<br />Funds $ 1,419,350 $ 130,162 $ (595,816) $ 3,684,929
<br />Actual expenditures exceeded budgeted expenditures by $2,814 in the Landfill
<br />Abatement Fund.
<br />-21-
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