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CITY OF RAMSEY
<br />Combined Statement of Revenue, Expenditures, and Changes in Fund Balance
<br />All Governmental Fund Types and Expendable Trust Funds
<br />Year Ended December 31, 2001
<br />(with Comparative Totals for Year Ended December 31, 2000)
<br />Governmental Fund Types
<br />Special Debt
<br />General Revenue Service
<br />Revenue
<br />Property taxes $ 3,504,711 $ 3,057,745 $ 235,035
<br />Special assessments - - -
<br />Licenses and permits 307,815 - -
<br />Intergovernmental revenue 1,257,975 14,771 75,095
<br />Charges for services 220,674 28,744 -
<br />Fines and penalties 56,055 -
<br />Other revenue
<br />Investment earnings 188,071 492,732 6,052
<br />Contributions - -
<br />Miscellaneous 10,450 374,937 -
<br />Total revenue 5,545,751 3,968,929 316,182
<br />Expenditures
<br />Current
<br />General government 1,499,642 654,708
<br />Public safety 1,906,309 -
<br />Highways and streets 888,662 -
<br />Culture and recreation 471,551
<br />Debt service
<br />Principal retirement - - 481,000
<br />Interest and fiscal charges 52,309 76,659 583,459
<br />Capital outlay 231,345 932,204 -
<br />Total expenditures 5,049,818 1,663,571 1,064,459
<br />Excess (deficiency) of
<br />revenue over expenditures 495,933 2,305,358 (748,277)
<br />Other financing sources (uses)
<br />Proceeds from sale of fixed assets - 375,000 -
<br />Proceeds from debt (net) - - 347,678
<br />Operating transfers in 253,503 1,435,585 643,172
<br />Operating transfers (out) (405,748) (861,018)
<br />Total other financing sources (uses) (152,245) 949,567 990,850
<br />Excess of revenue and
<br />other financing sources over
<br />expenditures and other financing uses 343,688 3,254,925 242,573
<br />Fund balance
<br />Beginning of year
<br />3,236,940 5,270,576 323,814
<br />End of year $ 3,580,628 $ 8,525,501 $ 566,387
<br />See notes to financial statements
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