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CITY OF RAMSEY, MINNESOTA
<br />SUMMARY FINANCIAL INFORMATION
<br />The purpose of this report is to provide a summary of financial information concerning the City of
<br />Ramsey to interested citizens. The complete audited financial report may be examined at the Ramsey
<br />Municipal Center, 15153 Nowthen Boulevard N.W., Ramsey, Minnesota 55303. Questions about this report
<br />should be directed to Diana Lund, Finance Officer, at 427 -1410.
<br />The following is a summary report for general operations which include the City's General, Special
<br />Revenue, Debt Service, Capital Projects, and Expendable Trust funds.
<br />SUMMARY STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE -
<br />ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUND
<br />Year Ended December 31, 2001
<br />(With Comparative Totals for Year Ended December 31, 2000)
<br />PERCENT
<br />TOTAL TOTAL INCREASE
<br />2001 2000 (DECREASE)
<br />REVENUE:
<br />Property Taxes $ 6,840,839 $ 5,522,890 23.9%
<br />Special Assessments 341,618 425,214 (19.7)
<br />Licenses and Permits 307,815 259,090 18.8
<br />Intergovernmental Revenues 2,994,048 5,038,014 (40.6)
<br />Charges for Services 396,303 366,468 8.1
<br />Fines and Penalties 56,055 47,550 17.9
<br />Other Revenue -
<br />Interest Earned on Investments 1,149,660 1,611,395 (42.4)
<br />Insurance Refunds and Dividends 0 90 100.0
<br />Miscellaneous 823,631 629.619 211
<br />TOTAL REVENUE $12 909.969 $13,900,330 11$)
<br />EXPENDITURES:
<br />Current -
<br />General Government $ 3,026,713 $ 2,639,510 14.7
<br />Public Safety 1,906,309 1,664,227 14.5
<br />Highways and Streets 888,662 710,351 25.1
<br />Culture and Recreation 471,551 405,469 16.3
<br />Debt Service 1,206,402 947,746 27.3
<br />Capital Outlay 6,446,783 9 387 705 (31.3)
<br />TOTAL EXPENDITURES $ 13,946,420 $15,755,008 (11.5)
<br />EXCESS (DEFICIENCY) OF
<br />REVENUES OVER EXPENDITURES $ (1,036,451) $ (1,854,678) 44.1
<br />OTHER FINANCING SOURCES (USES):
<br />Bond Proceeds $ 4,823,171 $ 1,942,111 148.3
<br />Proceeds from Sale of Fixed Assets 375,000 45,230 729.1
<br />Operating Transfers In 2,925,942 2,330,480 25.6
<br />Operating Transfers Out (2.892 942) (2,307,980) 25.3
<br />TOTAL OTHER FINANCING SOURCES (USES) $ 5.231 171 $ 2,009.841 160.3
<br />EXCESS (DEFICIENCY) OF REVENUE AND
<br />OTHER FINANCING SOURCES OVER
<br />EXPENDITURES AND OTHER FINANCING USES $ 4,194,720 $ 155,163 2600.0
<br />FUND BALANCE — Beginning of Year 17,125,974 16,970,811 1.0
<br />Equity Transfers In -0- -0- (100.0)
<br />Equity Transfers (Out) -0- -0- 100.0
<br />FUND BALANCE - End of Year $ 21.320.694 $17 125.974 24.5%
<br />Is the glass half - empty, half full, or twice as large as it needs to be? — Anonymous
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