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CITY OF RAMSEY
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />Governmental Funds
<br />Year Ended December 31, 2025
<br />Special Revenue Funds
<br />Formerly
<br />Major
<br />Fund
<br />COR Developer's Private
<br />General Tax Increment Land Fees Developer
<br />Revenue
<br />Property taxes $ 16,534,327 $ 2,194,648 $ $ $
<br />Special assessments 7,502
<br />Licenses and permits 1,446,884
<br />Intergovernmental revenue 1,016,315
<br />Charges for services 1,213,938
<br />Contributions
<br />Fines and forfeits 53,017
<br />Other revenue
<br />Investment earnings 406,084 229,032 122,122
<br />Miscellaneous 10,019 — — — 104,912
<br />Total revenue 20,688,086 2,423,680 122,122 — 104,912
<br />Expenditures
<br />Current
<br />General government 5,078,117
<br />Public safety 8,764,030
<br />Highways and streets 2,824,235
<br />Culture and recreation 2,008,760
<br />Economic development — 1,147,454
<br />Capital outlay 633,928 51,349
<br />Debt service
<br />Principal retirement — 340,000
<br />Interest — 330,734
<br />Total expenditures 19,309,070 1,869,537
<br />Excess (deficiency) of revenue over expenditures 1,379,016 554,143 122,122
<br />Other financing sources (uses)
<br />Proceeds on sale of capital assets
<br />Transfers in
<br />Transfers (out)
<br />Total other financing sources (uses)
<br />Net change in fund balances
<br />Fund balances
<br />Beginning of year, as previously reported
<br />Change within financial reporting entity
<br />Beginning of year, as adjusted
<br />End of year
<br />See notes to basic financial statements
<br />14,000
<br />813,408 — 413,760
<br />(1,068,048) (1,135,769) (2,167,957)
<br />(240,640) (1,135,769) (1,754,197)
<br />1,138,376 (581,626) (1,632,075)
<br />13,324,373 3,362,513 8,597,266 1,056,708
<br />(1,056,708)
<br />13,324,373 3,362,513 8,597,266
<br />$ 14,462,749 $ 2,780,887 $ 6,965,191 $ $
<br />104,912
<br />104,912
<br />46
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