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<br />4
<br />
<br />NOTICE ANNuAL
<br />SUMMARY FINANCIAL REpORT
<br />CITY OF RAMSEY
<br />
<br />The purpose of this report is to provide a summary of financial information concerning the City of Ramsey to
<br />interested citizens. The complete financial statements may be examined at the City Hall, 15153 Nowthen Blvd NW, Ramsey,
<br />MN 55303. Questions about this report should be directed to the Diana Lund, Finance Officer at 763-433-9847.
<br />The following summary is from the basic financial statements of the City of Ramsey for the year ended December
<br />31,2004. The City implemented Governmental Accounting Standards Board Statement No. 34 in 2004. Therefore, prior
<br />year data is not available but will be provided in subsequent years.
<br />
<br />Government Funds
<br />
<br />Revenue
<br />Property Taxes
<br />Special Assessments
<br />Licenses and Permits
<br />Intergovernmental
<br />Charges for Services
<br />Fines and forfeits
<br />Other Revenue:
<br />Investment Earnings
<br />Miscellaneous
<br />Total Revenue
<br />
<br />Expenditures
<br />General Government
<br />Public Safety
<br />Highways and Streets
<br />Culture and Recreation
<br />Capital Outlay
<br />Bond Principal retirement
<br />Interest and fiscal charges
<br />Total Expenditures
<br />
<br />Other Financing Sources(uses):
<br />Long-term debt proceeds
<br />Discounts on debt issues
<br />Payments on refunded bonds
<br />Transfers in
<br />Transfers (out)
<br />Total other financing sources (uses)
<br />
<br />Fund balance:
<br />January 1
<br />December 31
<br />
<br />No PARKING ON
<br />PUBLIC STREETS
<br />
<br /> Enterprise Funds
<br /> 2004 Operating Revenue:
<br />$ 7,631,497 Charges for Services $ 2,380,331
<br /> 235,954 Sewer access surcharge 8,383
<br /> 1,430,626 Other 40,002
<br /> 4,441,460 Total Operating Revenue $ 2,428,716
<br /> 2,226,342 Operating Expenses
<br /> 106,757 Personal Services $ 233,159
<br /> Supplies 171,538
<br /> 567,085 Service Charges 826,273
<br /> 1~379~788 Depreciation $ 748,212
<br />$ 18~019~509 Total Operating Expenses $ 1_979_182
<br /> Operating income (loss) $ 449,534
<br />$ 4,383,699 Nonoperating revenue
<br /> 2,634,606
<br /> 1,031,146 Capital contributions $ 7,371,133
<br /> 540,121 Investment earnings 263~042
<br /> 7,265,787 Total nonoperating revenue $ 7~634~175
<br /> 1,457,000 Income before transfers $ 8,083,709
<br /> 750.430 Transfer out $ ( 47~000)
<br />$18,062,789
<br /> Change in net assets $ 8,036,709
<br />$ 1,825,000 Net assets
<br /> (26,786) Beginning of year $36.908.589
<br />(1,450,000) End of year $44~945~298
<br /> 5,253,617
<br />( 5 ~206~617)
<br />$ 395.214
<br />$25,479,578
<br />$25,831,512
<br /> OFFICIAL
<br /> NEWSPAPER
<br />
<br />Parl(ing is not allowed on any public street in the
<br />City of Ramsey between the hours of2:00 a.m. - 6:00 a.m.
<br />year round. Vehicles in violation will be cited and may be
<br />towed.
<br />
<br />The Anoka Union is the City of Ramsey's official
<br />newspaper and is published each Friday. All official notices,
<br />meeting schedules and City Council agendas are published in
<br />the Anoka Union as required by City Charter and State
<br />Statutes.
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