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NOTE 7 - INDIVIDUAL FUND DISCLOSURES
<br />A. Fund Deficits
<br />The following funds have a fund balance /retained earnings deficit at December 31, 2000:
<br />Special Revenue Funds
<br />Tax Increment $ 313,906
<br />Capital Project Funds
<br />Section 22 Drainage District $ 14,003
<br />Comprehensive Plan $ 3,109
<br />Senior Housing $ 9,168
<br />Mississippi Drainage District $ 34,886
<br />County Road 116 $ 98,221
<br />Rum River Drainage District $ 10,626
<br />State Highway 47 $ 87,015
<br />Mississippi River Subdrainage $ 92,965
<br />B. Budgets
<br />CITY OF RAMSEY
<br />Notes to Financial Statements (continued)
<br />December 31, 2000
<br />The City intends to fund these deficits through future tax levies, special assessments levies, tax increments,
<br />transfers from other funds, grants, utility revenues, and various other sources.
<br />The following is a reconciliation between the Combined Statement of Revenue, Expenditures, and Changes
<br />in Fund Balance and the Combined Statement of Revenue, Expenditures, and Changes in Fund Balance -
<br />Budget and Actual (GAAP Basis):
<br />Total Fund
<br />Total Total Financing Balance
<br />Revenue Expenditures Sources (T Jses) End of Year
<br />Special Revenue Funds
<br />With budgets
<br />Economic Development
<br />Authority $ 22,144 $ 54,563 $ (679) $ 220,864
<br />Without budgets
<br />Tax Increment 2,694,148 2,159,235 (887,465) (313,906)
<br />Landfill Tipping Fee 55,408 - (7,500) 659,072
<br />Minnesota Department of
<br />Natural Resources Grant 10,611 10,131 - 2,586
<br />Future Sealcoating 9,650 - - 110,772
<br />Peace Officers 3,716 824 - 13,778
<br />Lawful Gambling 40,254 4,000 (13,320) 205,882
<br />Equipment Revolving 336,997 414 18,825 4,029,851
<br />Developer's Fees 203,183 - - 338,654
<br />Community Development
<br />Block Grant 11.424 11.601 - 3.023
<br />$ 3,387,535 $ 2,240,768 $ (890,139) $ 5,270,576
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