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Special
<br />Revenue Debt Service Capital Project Totals
<br />Revenue
<br />Property taxes 80,610$ 3,195,020$ 44,520$ 3,320,150$
<br />Special assessments – 61,637 490,732 552,369
<br />Intergovernmental revenue 1,282,667 338,510 – 1,621,177 Charges for services – – - –
<br />Other revenue
<br />Investment earnings 174,042 66,383 387,897 628,322
<br />Miscellaneous 494,554 64 206,179 700,797
<br />Total revenue 2,031,873 3,661,614 1,129,328 6,822,815
<br />Expenditures
<br />Current
<br />General government 217,860 – 100,015 317,875
<br />Public safety 54,283 – – 54,283
<br />Highways and streets – – 793,563 793,563
<br />Economic development 23,627 – – 23,627
<br />Capital outlay 28,600 – 27,703 56,303
<br />Debt service
<br />Principal retirement – 2,495,000 – 2,495,000
<br />Interest and fiscal charges – 1,099,430 34,669 1,134,099
<br />Total expenditures 324,370 3,594,430 955,950 4,874,750
<br />
<br />Excess of revenue over expenditures 1,707,503 67,184 173,378 1,948,065
<br />
<br />Other financing sources (uses)
<br />Debt issued – – 1,400,000 1,400,000
<br />Premium on debt issued – – 83,221 83,221
<br />Proceeds on sale of capital assets 20,000 – – 20,000
<br />Transfers in 24,929 – 110,272 135,201
<br />Transfers (out)(93,066) – (1,374,199) (1,467,265)
<br />Total other financing sources (uses)(48,137) – 219,294 171,157
<br />
<br />Net change in fund balances 1,659,366 67,184 392,672 2,119,222
<br />
<br />Fund balances
<br />Beginning of year 3,503,137 713,656 7,700,576 11,917,369
<br />
<br />End of year 5,162,503$ 780,840$ 8,093,248$ 14,036,591$
<br />CITY OF RAMSEY
<br />Nonmajor Governmental Funds
<br />Combining Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />Year Ended December 31, 2023
<br />113
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