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NOTE 8 – FUND BALANCE POLICY AND CLASSIFICATION
<br />
<br />A. Classifications
<br />
<br />City of Ramsey had the following classifications of fund balances in its Governmental Funds:
<br />
<br />
<br />
<br />RALF Pavement
<br />Tax Private Funded State-Aid Management Park
<br />General Increment COR Land Developer Projects Construction Program Improvement Nonmajor Total
<br />Fund balances
<br />Nonspendable
<br />Prepaids 28,616$ -$ -$ -$ -$ -$ -$ -$ 4,755$ 33,371$
<br />Restricted for
<br />Street improvements - - - - - 430,589 9,980,695 - 1,464,867 11,876,151
<br />Debt service - - - - - - - - 780,840 780,840
<br />Economic development - - - - - - - - 1,472,788 1,472,788
<br />Housing and redevelopment - - 7,010,978 - - - - - - 7,010,978
<br />Recreation/community programs - - - - - - - - 488,707 488,707
<br />Public safety - - - - - - - - 1,264,146 1,264,146
<br />Tax increment financing - 6,730,012 - - - - - - - 6,730,012
<br />- 6,730,012 7,010,978 - - 430,589 9,980,695 - 5,471,348 29,623,622
<br />Committed
<br />Stormwater development projects - - - - - - - - 1,441,919 1,441,919
<br />Community/business programs - - - - - - - - 490,188 490,188
<br />- - - - - - - - 1,932,107 1,932,107
<br />Assigned
<br />Street improvements - - - - - - 5,024,033 - 5,079,095 10,103,128
<br />Housing and redevelopment - - 1,332,325 - - - - - - 1,332,325
<br />Capital improvements - - - - - - - - 1,286,662 1,286,662
<br />Cemetery improvements - - - - - - - - 86,397 86,397
<br />Park improvements - - - - - - - 7,683,511 - 7,683,511
<br />Right-of-way acquisitions - - - - 210,223 - - - - 210,223
<br />Parking ramp maintenance - - - - - - - - 176,227 176,227
<br />- - 1,332,325 - 210,223 - 5,024,033 7,683,511 6,628,381 20,878,473
<br />Unassigned 12,237,299 - - - - - - - - 12,237,299
<br />Total fund balances 12,265,915$ 6,730,012$ 8,343,303$ -$ 210,223$ 430,589$ 15,004,728$ 7,683,511$ 14,036,591$ 64,704,872$
<br />Capital Project Funds Special Revenue Funds
<br />80
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