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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, 2003
<br />(with Comparative Totals for Year Ended December 31, 2002)
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<br />Governmental Fund Types
<br />Special Debt
<br />General Revenue Service
<br />Revenue
<br />Property taxes $ 4,090,096 $ 2,330,129 $ 262,589
<br />Special assessments — 8,736 —
<br />Licenses and permits 838,034 — —
<br />Intergovernmental revenue 624,371 352,869 124,995
<br />Charges for services 649,337 7,575 —
<br />Fines and penalties 72,577 — —
<br />Other revenue
<br />Investment earnings 82,792 207,148 3,076
<br />Miscellaneous 134,686 1,042,477 13,732
<br />Total revenue 6,491,893 3,948,934 404,392
<br />Expenditures 1
<br />Current
<br />General government 1,865,401 937,901 —
<br />Public safety 2,177,494 —
<br />Highways and streets 923,149 — —
<br />Culture and recreation 476,039 — —
<br />Debt service
<br />Principal retirement — — 1,211,000
<br />Interest and fiscal charges 45,694 — 600,319
<br />Capital outlay 1,242,111 708,742 —
<br />Total expenditures 6,729,888 1,646,643 1,811,319
<br />Excess (deficiency) of revenue over expenditures (237,995) 2,302,291 (1,406,927)
<br />Other financing sources (uses)
<br />Proceeds from debt (net) — — 2,211,015
<br />Payments on refunded bonds — — (925,000)
<br />Operating transfers in 1,288,180 562,071 1,321,415
<br />Operating transfers (out) (1,163,083) (2,195,656) (6,524)
<br />Total other financing sources (uses) 125,097 (1,633,585) 2,600,906
<br />Excess (deficiency) of revenue and
<br />other fmancing sources over
<br />expenditures and other financing uses (112,898) 668,706 1,193,979
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<br />Fund balance
<br />Beginning of year 4,186,479 9,315,104 406,787 1
<br />End of year $ 4,073,581 $ 9,983,810 $ 1,600,766
<br />See notes to financial statements 1,
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