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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 />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 (332,620) (5,887,911) 21,667 –
<br />Other financing sources (uses)
<br />Debt issued – 6,915,000 – – Premium on debt issued – – – –
<br />Premium on debt issues – 230,910 – –
<br />Proceeds on sale of capital assets – – – –
<br />Transfers in 1,630,265 – 173,557 –
<br />Transfers (out)(126,782) (359,691) – –
<br />Total other financing sources (uses)1,503,483 6,786,219 173,557 –
<br />Net change in fund balances 1,170,863 898,308 195,224 –
<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
<br />Special Revenue Funds
<br />46
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