|
CITY OF RAMSEY, MINNESOTA Exhibit C -3
<br />TAX INCREMENT FUND
<br />STATEMENT OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE -
<br />BUDGET (GAAP BASIS) AND ACTUAL
<br />Year Ended December 31, 1995
<br />(With Comparative Actual Amounts for Year Ended December 31, 1994)
<br />1995 1994
<br />Variance -
<br />Favorable
<br />Budget Actual (Unfavorable) Actual
<br />Revenue:
<br />Tax increment $ 1,175,000 $ 1,177,406 $ 2,406 $ 1,005,067
<br />Other revenue -
<br />Interest earned on investments 130,000 131,809 1,809 104,520
<br />Total Revenue 1,305,000 1,309,215 4,215 1,109,587
<br />Expenditures:
<br />Current -
<br />General government -
<br />Services and charges 300,000 51,845 248,155 22,407
<br />Capital outlay 850,000 848,798 1,202 934,433
<br />Total Expenditures 1,150,000 900,643 249,357 956,840
<br />Excess of Revenue
<br />Over Expenditures 155,000 408,572 253,572 152,747
<br />Other Financing (Uses):
<br />Operating transfers (out) (680,000) (677,742) 2,258 (1,231,943)
<br />EXCESS (DEFICIENCY) OF
<br />REVENUE OVER EXPENDITURES
<br />AND OTHER FINANCING USES $ (525,000) (269,170) $ 255,830 (1,079,196)
<br />Fund balance - beginning of year 1,745,708 2,824,904
<br />Fund Balance - End of Year $ 1,476,538 $ 1,745,708
<br />
|