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CITY OF RAMSEY
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />General Fund — Budget and Actual
<br />Year Ended December 31, 2024
<br />Original and
<br />Final Budget
<br />Actual
<br />Over (Under)
<br />Final Budget
<br />Revenue
<br />Property taxes $ 14,905,220 $ 14,751,073 $ (154,147)
<br />Special assessments 26,103 26,103
<br />Licenses and permits 921,900 1,610,437 688,537
<br />Intergovernmental revenue 734,000 920,633 186,633
<br />Charges for services 686,800 1,227,700 540,900
<br />Fines and forfeits 48,000 8,603 (39,397)
<br />Other revenue
<br />Investment earnings 50,000 340,304 290,304
<br />Miscellaneous 16,830 34,247 17,417
<br />Total revenue 17,362,750 18,919,100 1,556,350
<br />Expenditures
<br />Current
<br />General government 4,772,071 4,548,056 (224,015)
<br />Public safety 8,098,870 8,090,511 (8,359)
<br />Highways and streets 2,924,683 2,722,964 (201,719)
<br />Culture and recreation 1,897,955 1,831,463 (66,492)
<br />Capital outlay 2,999,816 3,626,875 627,059
<br />Debt service
<br />Interest and fiscal charges 106,373 (106,373)
<br />Total expenditures 20,799,768 20,819,869 20,101
<br />Excess (deficiency) of revenue
<br />over expenditures (3,437,018) (1,900,769) 1,536,249
<br />Other financing sources (uses)
<br />Proceeds on sale of capital assets 94,090 94,090
<br />Transfers in 3,437,018 3,850,883 413,865
<br />Transfers (out) — (985,746) (985,746)
<br />Total other financing sources (uses) 3,437,018 2,959,227 (477,791)
<br />Net change in fund balances
<br />Fund balances
<br />Beginning of year
<br />$ 1,058,458 $ 1,058,458
<br />12,265,915
<br />End of year $ 13,324,373
<br />See notes to basic financial statements
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