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<br />Tri-City Newsletter - March/April, 1985 - Page 4
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<br />Ramsey's long term
<br />financial plan (1985-1989)
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<br />According to City Charter
<br />section 7.05.01 beginning in
<br />1984 the city must prepare a
<br />Long Term Financial Plan
<br />covering a five year period.
<br />The plan must contain projec-
<br />tions for Public Service Pro-
<br />grams, Capital Improvements
<br />and Long Te'rm Revenue Pro-
<br />jections. The. report was
<br />prepared by. the. City's
<br />Finance Department, review-
<br />ed by th.e Council appointed
<br />budget committee, and
<br />adopted by the City Council at
<br />their regular meeting on
<br />December 18,1984.
<br />Report Findings
<br />The trends indicate that the
<br />city's solvency, or its ability
<br />to maintain necessary service
<br />levels and pay all obligations
<br />in a timely manner, has im-
<br />proved during the last few
<br />years.
<br />The city has never used
<br />short-term borrowing to
<br />finance current operations,
<br />and the long-term debt is sup-
<br />ported by extremely favorable
<br />debt service fund balances.
<br />These fund balances (in debt
<br />service funds only) are pro-
<br />jected to continue at, at least,
<br />32% of the TOTAL debt out-
<br />standing. Bonding com-
<br />panies, financial institutions,
<br />bond rating firms and the in-
<br />vestors .are careful in analyz-
<br />. ing these fund balances when
<br />rating and/or purchasing the
<br />. bonds issued by a city.
<br />Conclusion
<br />As a result of the analysis
<br />in this report there are several
<br />issues and'~ important con-
<br />siderations for the City .of
<br />Ramsey in the development
<br />of its Capital Improvement
<br />Program from year to year.
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<br />-The city will have little or
<br />no surplus revenue in the
<br />operating funds to finance
<br />capital improvements. .
<br />-The city's present policy of
<br />installing only petitioned im-
<br />provements will reduce the
<br />need for city contributions for
<br />capital improvements.
<br />-The imposition of levy
<br />limits will playa major role in
<br />developing and adopting the
<br />annual operating budget.
<br />-The continuation of the
<br />Revenue Sharing Program is
<br />not guaranteed. If this pro-
<br />. gram is discontinued some of
<br />the items proposed in this.
<br />document may have to be
<br />eliminated or alternative
<br />revenue sources will have to
<br />be used.
<br />-The city's policy of making
<br />maximum use of special as-
<br />sessments (100% assess-
<br />ment except park land) is like-
<br />ly to continue.
<br />-The city's borrowing
<br />capacity for city-wide projects
<br />is an untapped resource and
<br />is the most likely financing
<br />method for projects which of-
<br />fer a city-wide benefit.
<br />-The city should continue
<br />the use of Trust Funds to ac-
<br />count for revenues set asid~
<br />for park development (Park
<br />Improvement Fund), landfill
<br />fees (Landfill Trust Fund), and
<br />equipment replacement
<br />(Equipment Revolving Fund).
<br />These funds have helped
<br />smooth the tax levy for capital
<br />outlay expenditures.
<br />Ramsey's Long Term Finan-
<br />cial Plan may be examined at
<br />Ramsey City Hall during
<br />regular work hours 8:30
<br />a.m.-5 p.m. Monday through
<br />Friday.
<br />
<br />Resolutions
<br />adopted calling
<br />for public hearing
<br />
<br />Public hearings on various
<br />improvement projects were
<br />set for April 9, 1985 at 7:30
<br />p.m. in Council Chambers at
<br />Ramsey Municipal Center.
<br />- Improvement Project No.
<br />85-2; Extension of street,
<br />sanitary sewer and water, and
<br />storm sewer to River's Bend
<br />Second Addition.
<br />Est. Total Cost
<br />of Project $82,810.00
<br />Est. Total Assessment
<br />for River's Bend Second
<br />Addition Prop. $30,317.98
<br />Est. Total Assessment
<br />for Ramsey Center
<br />Partnership '$52,492.02
<br />Est. Annual Assessment for
<br />River's Bend Second
<br />Addition $5,147.99
<br />Es. Annual Assessmenf
<br />for Ramsey Center
<br />Partnership $8,913.14
<br />Street Improvement Project
<br />No. 85-3; Rum River Hills
<br />P.U.D.
<br />Est. Total Cost
<br />of Project $116,740.00
<br />
<br />Year
<br />Revenue Summary - All Funds
<br />1981
<br />. Actual Revenue
<br />Actual Transfers
<br />Actual Bond Proceeds
<br />. Total 1981
<br />1982
<br />Actual Revenue
<br />Actual Transfers
<br />Actual Bond Proceeds
<br />Total 1982
<br />1983
<br />Actual Revenue
<br />Actual Transfers
<br />Actual Bond Proceeds
<br />Total 1983
<br />1984
<br />Budgeted Revenue
<br />Budgeted Transfers
<br />Budgeted Bond Ptoc.
<br />Total 1984
<br />1985
<br />Budgeted Revenue. .
<br />Budgeted Transfers
<br />Budgeted Bond Proc.
<br />Total 1985
<br />1986
<br />Projected Revenue
<br />Projected Transfers
<br />Projected Bond Proc.
<br />Total 1986
<br />1987
<br />Projected Revenue
<br />Projected Transfers
<br />Projected Bond Proc.
<br />Total 1987
<br />1988
<br />Projected Revenue
<br />Projected Transfers
<br />Projected Bond Proc.
<br />Total 1988 .
<br />1989
<br />Projected Revenue
<br />Projected Transfers
<br />Projected Bond Proc.
<br />Total 1989
<br />
<br />Capital summary program
<br />
<br />Special Revenue Funds
<br />r Revenu~ 7
<br />Sharing Parks.
<br />Fund Fund
<br />
<br />761,586
<br />43,191
<br />804,777
<br />
<br />881,749
<br />59,645
<br />941,394
<br />
<br />971,722
<br />43,890
<br />1,015,612
<br />
<br />1,413,898
<br />41,695
<br />1,455,593
<br />
<br />1,317,449
<br />58,736
<br />1,376,185
<br />
<br />1,420,798
<br />57,540
<br />1,478,338
<br />
<br />1,657,161
<br />- 55,145
<br />1,712,306
<br />
<br />1,723,059
<br />53,697
<br />1,766,756
<br />
<br />1,737,610
<br />52,583
<br />1 ,790,193
<br />
<br />o
<br />66,809
<br />66,809
<br />
<br />o
<br />63,346
<br />63,346
<br />
<br />o
<br />65,372
<br />65,372
<br />
<br />74,112
<br />74,112
<br />
<br />50,285
<br />50,285
<br />
<br />56,000
<br />56,000
<br />
<br />o
<br />56,200
<br />56,200
<br />
<br />o
<br />o
<br />o
<br />
<br />29,245
<br />o
<br />29,245
<br />
<br />26,394
<br />o
<br />26,394
<br />
<br />108,719
<br />108,719
<br />
<br />131,930
<br />131,930
<br />
<br />128,090
<br />128,090
<br />
<br />173,484
<br />173,484
<br />
<br />Debt
<br />Service
<br />Funds
<br />
<br />244,585
<br />o
<br />244,585
<br />
<br />468,006
<br />o
<br />468,006
<br />
<br />580,345
<br />580,345
<br />
<br />660,885
<br />660,885
<br />
<br />837,890
<br />837,890
<br />
<br />921,171
<br />921,171
<br />
<br />148,279 1,333,865
<br />148,279 1,333,865
<br />
<br />140,713 1,473,506
<br />o
<br />140,713 1,473,506
<br />
<br />210,998
<br />
<br />59,500
<br />59,500 210,998
<br />Special Revenue Funds
<br />Revenue
<br />Sharing Parks
<br />Fund ~u"'<1
<br />
<br />General
<br />Fund
<br />
<br />923,436
<br />39,030
<br />o
<br />962,4q6
<br />
<br />885,685
<br />95,674
<br />o
<br />981,359
<br />
<br />1,050,015
<br />69,147
<br />o
<br />1,119,162
<br />
<br />1,322,620
<br />123,877
<br />,0
<br />1,446,497
<br />
<br />1,243,424
<br />114,761
<br />o
<br />1,358,185
<br />
<br />1,390,353
<br />67,985
<br />20,000
<br />1,478,338
<br />
<br />~
<br />
<br />1,623,106
<br />89,200
<br />o
<br />1,712,306.
<br />
<br />1,671,856
<br />104,900
<br />o
<br />1,776,756
<br />
<br />1,731,968
<br />. 58,225
<br />o
<br />1,790,193
<br />
<br />54,055
<br />o
<br />o
<br />54,055
<br />
<br />50,705
<br />o
<br />o
<br />50,705
<br />
<br />53,795
<br />o
<br />o
<br />53,795
<br />
<br />37,000
<br />o
<br />o
<br />37,000
<br />
<br />53,000
<br />0'
<br />
<br />53,000
<br />
<br />50,098
<br />o
<br />
<br />50,098
<br />
<br />56,000
<br />o
<br />o
<br />56,000
<br />
<br />56,200 .,.
<br />o
<br />o
<br />56,200
<br />
<br />59,500
<br />o
<br />o
<br />59,500
<br />
<br />35,533
<br />6,200
<br />o
<br />41 ,733
<br />
<br />45,434
<br />o
<br />o
<br />45,434
<br />
<br />53,555
<br />78,383
<br />o
<br />131,938
<br />
<br />51,925
<br />58,000
<br />o
<br />109,925
<br />
<br />61,090
<br />50,000
<br />
<br />111,090
<br />
<br />95,884
<br />77,600
<br />
<br />173,484
<br />
<br />1,444,495
<br />1,444,495
<br />
<br />Debt
<br />Service
<br />F .."Os
<br />
<br />463,575
<br />119,798
<br />78,058
<br />661,431
<br />
<br />627,916
<br />77 ,673
<br />68,380
<br />. 773,969
<br />
<br />732,648
<br />41,532
<br />. 10,300
<br />784,480
<br />
<br />539,500
<br />11 ,865
<br />
<br />551 ,365
<br />
<br />554,955
<br />10,580
<br />27,400
<br />592,935
<br />
<br />1,215,582
<br />27,494
<br />116,100
<br />1,359,176
<br />
<br />100,679 . 1,249,831
<br />47,600 9,408
<br />. 0 16;300
<br />148,279 1,275,539
<br />
<br />105,713
<br />35,000
<br />o
<br />140,713
<br />
<br />110,998
<br />100,000
<br />o
<br />210,998
<br />
<br />1,335,488
<br />~,821
<br />10,000
<br />1,354,309
<br />
<br />1,261,057
<br />8,235
<br />8,300
<br />1,277,592
<br />
<br />Est. Total Assessment
<br />Per Unit $5,559.05
<br />Est. Annual Assessment
<br />Per Unit. $1,466A6
<br />Sealcoating Project No.
<br />85-4; Jaspar Street N.W. area.
<br />Est. Total Cost
<br />of Project $45,191.00
<br />Est. Total Assessment .
<br />Per Unit (Individual
<br />
<br />Property Owner) $267.40
<br />Est. Annual Assessment
<br />Per Unit (3 yr. term)
<br />1 st year $115.87
<br />2nd year $106.96
<br />3rd year $98.05
<br />Sealcoating Project No.
<br />85-5; Whispering Pines Plat
<br />No.3.
<br />Est. Total Cost
<br />
<br />General
<br />Year Fund
<br />Expenditures Summary - All Funds
<br />1981
<br />. Actual Expend.
<br />Actual Transfers Out
<br />Total 1981
<br />1982
<br />Actual Expend.
<br />Actual Trans!. Out
<br />Total 1982
<br />-
<br />. 1983 '
<br />Actual Expenditures
<br />Actual Transfers Out
<br />Total 1983
<br />.1984
<br />Budgeted Expend.
<br />Budgeted Trans!. .Out
<br />Total 1984
<br />1985
<br />Budgeted Expend.
<br />Budgeted Transf. Out
<br />Total 1985
<br />1986
<br />Projected Expend.
<br />Projected Trans!. Out
<br />Total 1986
<br />1987 Projected
<br />Projected Expend.
<br />Projected Trans!. Out
<br />T~tal 1987
<br />1988 Projected
<br />Projected Expend.
<br />Projected Trans!. Out
<br />Total 1988 .
<br />1989 Projected
<br />Projected Expend.
<br />Projected Trans!. Out
<br />Total 1989
<br />
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<br />
<br />Capital
<br />Project
<br />Funds
<br />
<br />788,459
<br />157,993
<br />946,452
<br />
<br />752,773
<br />84,641
<br />837,414
<br />
<br />386,342
<br />34,391
<br />420,733
<br />
<br />304,200
<br />700
<br />304,900
<br />
<br />1,243,100
<br />1,243,100
<br />
<br />1,344,900
<br />26,500
<br />1,371,400
<br />
<br />318,600
<br />5,000
<br />323,600
<br />
<br />272,300
<br />5,500 \
<br />277,800
<br />
<br />318,200
<br />3,500
<br />321,700
<br />
<br />Capital
<br />Project
<br />F..."""<h
<br />
<br />162,236
<br />3,421
<br />724,083
<br />889,740
<br />
<br />229,218
<br />20,000
<br />491,291
<br />740,509
<br />
<br />282,687
<br />o
<br />156,686
<br />439,373
<br />
<br />349,215 .
<br />
<br />349,215
<br />
<br />356,000
<br />o
<br />272,600
<br />628,600
<br />
<br />202,000
<br />o
<br />1,153,900
<br />1,355,900
<br />
<br />176,900
<br />o
<br />148,700
<br />325,600
<br />
<br />179,800
<br />o
<br />100,000
<br />279,800
<br />
<br />242,000
<br />o
<br />81,700
<br />323,700
<br />
<br />Trust
<br />Funds
<br />
<br />2,336
<br />45,230
<br />47,566
<br />
<br />500
<br />28,865
<br />29,365
<br />
<br />TOTAL
<br />ALL
<br />FUNDS
<br />
<br />1,826,211
<br />246,414
<br />2,072,625
<br />
<br />2,129,422
<br />239.960
<br />2,369,382
<br />
<br />4,173- 2,051,301
<br />84,184 225,811
<br />88,357 2,277,112
<br />
<br />116,505
<br />116,505
<br />
<br />90,649
<br />90,649
<br />
<br />95,300
<br />95,300
<br />
<br />80,800
<br />80,800
<br />
<br />83,700
<br />83,700
<br />
<br />98,725
<br />98,725
<br />
<br />Trust
<br />~-~\
<br />
<br />68,903
<br />77,965
<br />o
<br />146,868
<br />
<br />43,325
<br />46,613
<br />
<br />89,938
<br />
<br />37,407
<br />36,749
<br />o
<br />74,156
<br />
<br />19,000
<br />30,530
<br />
<br />49,530
<br />
<br />2,510,913
<br />. 224,272
<br />2,735,185
<br />
<br />3,526,529
<br />223,497
<br />3,750,026
<br />
<br />3,860,353
<br />229,625
<br />4,089,978
<br />
<br />3,457,905
<br />196,945
<br />3,654,850
<br />
<br />3,609,578
<br />199,097
<br />3,808,675
<br />
<br />3,711,303
<br />214,308
<br />3,925,611
<br />
<br />TOTAL
<br />ALL
<br />~...."'~~
<br />
<br />1,707,738
<br />246,414
<br />802,141
<br />2,756,293 .
<br />
<br />1,882,283
<br />239,960
<br />559,671
<br />2,681,914
<br />
<br />2,210,107
<br />225,811
<br />166,986
<br />2,602,904
<br />
<br />2,319,260
<br />224,272
<br />o
<br />2,543,532
<br />
<br />468,500 2,736,969
<br />48,156 223,497
<br />o 300,000
<br />516,656 .3,260,466
<br />
<br />19,525
<br />56,546
<br />o
<br />76,071
<br />
<br />20,611
<br />50,737
<br />o
<br />71,348
<br />
<br />21,763
<br />50,376
<br />o
<br />/72,139
<br />
<br />22,984
<br />47,848
<br />o
<br />70,832
<br />
<br />2,973,442
<br />229,625
<br />1,290,000
<br />4,493,067
<br />
<br />3,227,127
<br />196,945
<br />. 165,000
<br />3,589,072
<br />
<br />3,370,820
<br />199,097
<br />110,000
<br />3,679,917
<br />
<br />3,428,507
<br />214,308
<br />90,000
<br />3,732,815
<br />
<br />of Project $13,191.00
<br />Est. Total Assessment
<br />Per Unit (individual
<br />Property Owner
<br />Cost) $204.95
<br />Est. Annual Assessment
<br />Per Unit (3 yr. term)
<br />1 st year
<br />2nd year
<br />
<br />$88.81
<br />$81 .98
<br />Cont. to page 5
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