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CITY OF RAMSEY
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />General Fund — Budget and Actual
<br />Year Ended December 31, 2025
<br />Original and Over (Under)
<br />Final Budget Actual Final Budget
<br />Revenue
<br />Property taxes $ 16,874,046 $ 16,534,327 $ (339,719)
<br />Special assessments — 7,502 7,502
<br />Licenses and permits 960,870 1,446,884 486,014
<br />Intergovernmental revenue 756,000 1,016,315 260,315
<br />Charges for services 780,700 1,213,938 433,238
<br />Fines and forfeits 48,000 53,017 5,017
<br />Other revenue
<br />Investment earnings 50,000 406,084 356,084
<br />Miscellaneous 20,600 10,019 (10,581)
<br />Total revenue 19,490,216 20,688,086 1,197,870
<br />Expenditures
<br />Current
<br />General government 5,224,939 5,078,117 (146,822)
<br />Public safety 9,094,448 8,764,030 (330,418)
<br />Highways and streets 3,256,189 2,824,235 (431,954)
<br />Culture and recreation 2,114,661 2,008,760 (105,901)
<br />Capital outlay 577,000 633,928 56,928
<br />Debt service
<br />Interest and fiscal charges 106,373 — (106,373)
<br />Total expenditures 20,373,610 19,309,070 (1,064,540)
<br />Excess (deficiency) of revenue
<br />over expenditures (883,394)
<br />1,379,016 2,262,410
<br />Other financing sources (uses)
<br />Proceeds on sale of capital assets — 14,000 14,000
<br />Transfers in 883,394 813,408 (69,986)
<br />Transfers (out) — (1,068,048) (1,068,048)
<br />Total other financing sources (uses) 883,394 (240,640) (1,124,034)
<br />Net change in fund balances $ — 1,138,376 $ 1,138,376
<br />Fund balances
<br />Beginning of year
<br />13,324,373
<br />End of year $ 14,462,749
<br />See notes to basic financial statements
<br />51
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