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Debt Service Fund
<br />Housing and 2012A/2005A Public
<br />Redevelopment G.O. Improvement Improvement
<br />General Tax Increment Authority Bond Refund Revolving
<br />Revenue
<br />Property taxes 7,270,741$ 2,234,604$ 188,360$ 494,834$ 1$
<br />Special assessments – – – – 298,976
<br />Licenses and permits 718,875 – – – –
<br />Intergovernmental revenue 363,317 – 46 – –
<br />Charges for services 670,250 – – – 42,253
<br />Fines and forfeits 73,110 – – – –
<br />Other revenue
<br />Investment earnings (charges)(106,407) (35,375) (5,613) (16,000) (43,756)
<br />Miscellaneous 40,824 418,326 48 – 13,138
<br />Total revenue 9,030,710 2,617,555 182,841 478,834 310,612
<br />Expenditures
<br />Current
<br />General government 2,184,997 133,233 211,876 – –
<br />Public safety 3,740,132 – – – –
<br />Highways and streets 1,692,016 – – – 197,757
<br />Culture and recreation 829,725 – – – –
<br />Capital outlay 425,460 9,434 – – –
<br />Debt service
<br />Principal retirement – – – 450,000 –
<br />Interest and fiscal charges 92,130 – – 536,962 –
<br />Total expenditures 8,964,460 142,667 211,876 986,962 197,757
<br />Excess (deficiency) of revenue over expenditures 66,250 2,474,888 (29,035) (508,128) 112,855
<br />Other financing sources (uses)
<br />Debt issued – – – – –
<br />Proceeds on sale of capital assets – – – – –
<br />Transfers in 928,217 – – 247,848 590,090
<br />Transfers (out)(948,356) (496,233) – – (25,000)
<br />Total other financing sources (uses)(20,139) (496,233) – 247,848 565,090
<br />Net change in fund balances 46,111 1,978,655 (29,035) (260,280) 677,945
<br />Fund balances
<br />Beginning of year 6,725,283 1,146,330 8,259,754 959,891 2,237,526
<br />End of year 6,771,394$ 3,124,985$ 8,230,719$ 699,611$ 2,915,471$
<br />See notes to basic financial statements
<br />CITY OF RAMSEY
<br />Special Revenue Fund
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />Governmental Funds
<br />Year Ended December 31, 2013
<br />46
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