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Over (Under)
<br />Original Final Actual Final Budget
<br />Revenue
<br />Property taxes 13,088,820$ 13,088,820$ 12,827,463$ (261,357)$
<br />Licenses and permits 699,400 699,400 1,058,097 358,697
<br />Intergovernmental revenue 696,700 696,700 1,508,405 811,705
<br />Charges for services 622,300 622,300 1,067,192 444,892
<br />Fines and forfeits 50,000 50,000 39,681 (10,319)
<br />Other revenue
<br />Investment earnings 25,000 25,000 367,513 342,513
<br />Miscellaneous 15,750 15,750 27,874 12,124
<br />Total revenue 15,197,970 15,197,970 16,896,225 1,698,255
<br />Expenditures
<br />Current
<br />General government 4,221,644 4,221,644 4,053,311 (168,333)
<br />Public safety 7,631,603 7,631,603 7,358,699 (272,904)
<br />Highways and streets 2,418,914 2,418,914 3,066,934 648,020
<br />Culture and recreation 1,602,436 1,602,436 1,628,642 26,206
<br />Capital outlay 1,074,183 1,074,183 1,121,259 47,076
<br />Debt service
<br />Interest and fiscal charges 106,373 106,373 – (106,373)
<br />Total expenditures 17,055,153 17,055,153 17,228,845 173,692
<br />Excess (deficiency) of revenue
<br /> over expenditures (1,857,183) (1,857,183) (332,620) 1,524,563
<br />Other financing sources (uses)
<br />Transfers in 1,857,183 1,857,183 1,630,265 (226,918)
<br />Transfers (out)– – (126,782) (126,782)
<br />Total other financing sources (uses)1,857,183 1,857,183 1,503,483 (353,700)
<br />Net change in fund balances –$ –$ 1,170,863 1,170,863$
<br />Fund balances
<br />Beginning of year 11,095,052
<br />End of year 12,265,915$
<br />See notes to basic financial statements
<br />CITY OF RAMSEY
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />General Fund – Budget and Actual
<br />Year Ended December 31, 2023
<br />Budgeted Amounts
<br />51
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