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CITY OF RAMSEY <br />Functions/Programs <br />Governmental activities <br />General government <br />Public safety <br />Highways and streets <br />Culture and recreation <br />Economic development <br />Interest and fiscal charges <br />Total governmental activities <br />Business -type activities <br />Water utility <br />Sewer utility <br />Street light utility <br />Recycling utility <br />Storm water utility <br />Total business -type activities <br />Total governmental and <br />business -type activities <br />See notes to basic financial statements <br />Expenses <br />$ 5,645,480 <br />8,894,134 <br />7,783,629 <br />2,430,888 <br />1,488,674 <br />1,317,942 <br />Statement of Activities <br />Year Ended December 31, 2024 <br />Charges for <br />Services <br />Program Revenues <br />Operating Capital <br />Grants and Grants and <br />Contributions Contributions <br />$ 923,139 $ 241,674 $ 1,249,836 <br />1,667,291 754,424 17,233 <br />509,082 7,026,874 <br />55,875 1,593,805 <br />27,560,747 3,155,387 996,098 9,887,748 <br />2,243,736 <br />2,411,209 <br />167,123 <br />549,993 <br />1,022,935 <br />3,168,402 8,078 5,832,622 <br />2,425,906 4,616 891,700 <br />242,950 <br />468,514 70,890 <br />1,350,416 4,616 1,088,220 <br />6,394,996 7,656,188 88,200 7,812,542 <br />$ 33,955,743 $ 10,811,575 $ 1,084,298 $ 17,700,290 <br />General revenues <br />Property taxes <br />General grants and contributions <br />Investment earnings <br />Gain on sale of capital assets <br />Transfers <br />Total general revenues and transfers <br />Change in net position <br />Net position - beginning <br />Net position — ending <br />Net (Expenses) <br />Revenue and Changes in Net Position <br />Governmental Business -Type <br />Activities Activities <br />$ (3,230,831) $ <br />(6,455,186) <br />(247,673) <br />(781,208) <br />(1,488,674) <br />(1,317,942) <br />(13,521,514) <br />6,765,366 <br />911,013 <br />75,827 <br />(10,589) <br />1,420,317 <br />9,161,934 <br />(13,521,514) 9,161,934 <br />23,041,341 <br />3,760 <br />2,530,184 1,940,725 <br />94,090 <br />(694,468) 694,468 <br />24,974,907 2,635,193 <br />11,453,393 11,797,127 <br />112,287,197 116,164,718 <br />Total <br />$ (3,230,831) <br />(6,455,186) <br />(247,673) <br />(781,208) <br />(1,488,674) <br />(1,317,942) <br />(13,521,514) <br />6,765,366 <br />911,013 <br />75,827 <br />(10,589) <br />1,420,317 <br />9,161,934 <br />(4,359,580) <br />23,041,341 <br />3,760 <br />4,470,909 <br />94,090 <br />27,610,100 <br />23,250,520 <br />228,451,915 <br />$ 123,740,590 $ 127,961,845 $ 251,702,435 <br />41 <br />