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CITY OF RAMSEY
<br />General Fund
<br />Statement of Revenue, Expenditures, and Changes in Fund Balance
<br />Budget and Actual (GAAP Basis)
<br />Year Ended December 31, 2002
<br />(with Comparative Actual Amounts for Year Ended December 31, 2001)
<br />Exhibit B -2
<br />2002 2001
<br />Over
<br />(Under)
<br />Budget Actual Budget
<br />Actual
<br />Revenue
<br />Property taxes $ 3,923,500 $ 3,948,850 $ 25,350 $ 3,504,711
<br />Licenses and permits 409,420 410,674 1,254 307,815
<br />Intergovernmental revenue 997,794 1,000,976 3,182 1,257,975
<br />Charges for services 379,800 388,251 8,451 220,674
<br />Fines and penalties 62,750 63,631 881 56,055
<br />Other revenue
<br />Investment earnings 100,000 169,006 69,006 188,071
<br />Miscellaneous 7,500 8,309 809 10,450
<br />Total revenue 5,880,764 5,989,697 108,933 5,545,751
<br />Expenditures
<br />Current
<br />General government 1,721,630 1,699,984 (21,646) 1,499,642
<br />Public safety 2,091,175 2,092,520 1,345 1,906,309
<br />Highways and streets 903,350 894,468 (8,882) 888,662
<br />Culture and recreation 506,190 480,165 (26,025) 471,551
<br />Debt service
<br />Interest and other fiscal charges 49,113 49,113 - 52,309
<br />Capital outlay 288,510 287,945 (565) 231,345
<br />Total expenditures 5,559,968 5,504,195 (55,773) 5,049,818
<br />Excess of revenue
<br />over expenditures
<br />Excess of revenue and
<br />other financing sources over
<br />expenditures and other financing uses
<br />-39-
<br />320,796 485,502 164,706 495,933
<br />Other financing sources (uses)
<br />Operating transfers in 539,542 539,879 337 253,503
<br />Operating transfers (out) (419,351) (419,530) (179) (405,748)
<br />Total other financing sources (uses) 120,191 120,349 158 (152,245)
<br />$ 440,987
<br />605,851 $ 164,864 343,688
<br />Fund balance
<br />Beginning of year 3,580,628 3,236,940
<br />End of year $ 4,186,479 $ 3,580,628
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