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<br />CITY OF RAMSEY
<br />Combined Statement of Revenue, Expenditures, and Changes in Fund Balance
<br />All Governmental Fund Types and Expendable Trust Funds
<br />Year Ended December 31, 2002
<br />(with Comparative Totals for Year Ended December 31, 2001)
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<br />Governmental Fund Types
<br />Special Debt
<br />General Revenue Service
<br />Revenue
<br />Property taxes $ 3,948,850 $ 2,032,361 $ 204,941
<br />Special assessments — 18,798 —
<br />Licenses and permits 410,674 — —
<br />Intergovernmental revenue 1,000,976 133,910 123,095
<br />Charges for services 388,251 — —
<br />Fines and penalties 63,631 — —
<br />Other revenue
<br />Investment earnings 169,006 446,619 5,601
<br />Miscellaneous 8,309 537,797 —
<br />Total revenue 5,989,697 3,169,485 333,637
<br />Expenditures
<br />Current
<br />General government 1,699,984 882,711 —
<br />Public safety 2,092,520
<br />Highways and streets 894,468 — —
<br />Culture and recreation 480,165 — —
<br />Debt service
<br />Principal retirement — — 1,432,000
<br />Interest and fiscal charges 49,113 — 637,021
<br />Capital outlay 287,945 140,253 —
<br />Total expenditures 5,504,195 1,022,964 2,069,021
<br />Excess (deficiency) of
<br />revenue over expenditures 485,502 2,146,521 (1,735,384)
<br />Other financing sources (uses) i
<br />Proceeds from sale of fixed assets — —
<br />Proceeds from debt (net) — — —
<br />Operating transfers m 539,879 1,022,623 1,575,784
<br />Operating transfers (out) (419,530) (2,379,541) —
<br />Total other fmancing sources (uses) 120,349 (1,356,918) 1,575,784
<br />Excess (deficiency) of revenue and I
<br />other financing sources over
<br />expenditures and other fmancing uses 605,851 789,603 (159,600)
<br />Fund balance
<br />Beginning of year 3,580,628 8,525,501 566,387
<br />End of year $ 4,186,479 $ 9,315,104 $ 406,787 I
<br />See notes to fmancial statements
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