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<br />Exhibit A -3
<br />CITY OF RAMSEY
<br />Statement of Revenue, Expenditures, and Changes in Fund Balance
<br />General and Budgeted Special Revenue Funds
<br />Budget and Actual (GAAP Basis)
<br />Year Ended December 31, 2002
<br />General Fund Budgeted Special Revenue Funds
<br />Over Over
<br />(Under) (Under)
<br />Budget Actual Budget Budget Actual Budget
<br />Revenue
<br />Property taxes $ 3,923,500 $ 3,948,850 $ 25,350 $ - $ - $ -
<br />Licenses and permits 409,420 410,674 1,254 - - -
<br />Intergovernmental revenue 997,794 1,000,976 3,182 - - -
<br />Charges for services 379,800 388,251 8,451 - - -
<br />Fines and penalties 62,750 63,631 881 - - Other revenue
<br />Investment earnings 100,000 169,006 69,006 10,000 12,277 2,277
<br />Miscellaneous 7,500 8,309 809 500 4,430 3,930
<br />Total revenue 5,880,764 5,989,697 108,933 10,500 16,707 6,207
<br />Expenditures
<br />Current
<br />General government 1,721,630 1,699,984 (21,646) 87,517 86,397 (1,120)
<br />Public safety 2,091,175 2,092,520 1,345 - - -
<br />Highways and streets 903,350 894,468 (8,882) - - -
<br />Culture and recreation 506,190 480,165 (26,025) - - -
<br />Debt service
<br />Interest and fiscal charges 49,113 49,113 - - - -
<br />Capital outlay 288,510 287,945 (565) 3,042 3,042
<br />Total expenditures 5,559,968 5,504,195 (55,773) 90,559 89,439 (1,120)
<br />Excess (deficiency) of
<br />revenue over expenditures 320,796 485,502 164,706 (80,059) (72,732) 7,327
<br />Other financing sources (uses)
<br />Operating transfers in 539,542 539,879 337 - - Operating transfers (out) (419,351) (419,530) (179) (658) (658) -
<br />Total other financing
<br />sources (uses) 120,191 120,349 158 (658) (658) -
<br />Excess (deficiency) of
<br />revenue and other financing
<br />sources over expenditures
<br />and other financing uses $ 440,987 605,851 $ 164,864 $ (80,717) (73,390) $ 7,327
<br />Fund balance
<br />Beginning of year 3,580,628 276,024
<br />End of year $ 4,186,479 $ 202,634
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<br />See notes to financial statements
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