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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, 2003
<br />General Fund Budgeted Special Revenue Funds
<br />Over Over
<br />(Under) (Under)
<br />Budget Actual Budget Budget Actual Budget
<br />Revenue 1
<br />Property taxes $ 4,089,000 $ 4,090,096 $ 1,096 $ 4,267 $ 7,508 $ 3,241
<br />Licenses and permits 841,135 838,034 (3,101) - - -
<br />Intergovemmental revenue 622,100 624,371 2,271 - - - i
<br />Charges for services 647,900 649,337 1,437 - - -
<br />Fines and penalties 70,000 72,577 2,577 - - -
<br />Other revenue
<br />Investment earnings 80,000 82,792 2,792 5,000 4,221 (779) I
<br />Miscellaneous 134,400 134,686 286 - - -
<br />Total revenue 6,484,535 6,491,893 7,358 9,267 11,729 2,462
<br />Expenditures
<br />Current
<br />General government 1,895,912 1,865,401 (30,511) 65,363 66,000 637
<br />Public safety 2,231,781 2,177,494 (54,287) - - -
<br />Highways and streets 935,875 923,149 (12,726) - - -
<br />Culture and recreation 488,475 476,039 (12,436) - - -
<br />Debt service
<br />Interest and fiscal charges 45,694 45,694 - - - -
<br />Capital outlay 1,236,300 1,242,111 5,811 - - -
<br />Total expenditures 6,834,037 6,729,888 (104,149) 65,363 66,000 637
<br />I
<br />Excess (deficiency) of
<br />revenue over expenditures (349,502) (237,995) 111,507 (56,096) (54,271) 1,825
<br />Other financing sources (uses)
<br />Operating transfers in 1,280,000 1,288,180 8,180 -
<br />Operating transfers (out) (510,663) (1,163,083) (652,420) (658) (658) - i
<br />Total other financing
<br />sources (uses) 769,337 125,097 (644,240) (658) (658) -
<br />Excess (deficiency) of
<br />revenue and other financing
<br />sources over expenditures
<br />and other financing uses $ 419,835 (112,898) $ (532,733) $ (56,754) (54,929) $ 1,825
<br />Fund balance
<br />Beginning of year 4,186,479 202,634
<br />End of year $ 4,073,581 $ 147,705
<br />1
<br />1
<br />1
<br />See notes to financial statements
<br />-8-
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