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CITY OF RAMSEY
<br />Economic Development Authority Special Revenue Fund
<br />Statement of Revenue, Expenditures, and Changes in Fund Balance
<br />Budget and Actual (GAAP Basis)
<br />Year Ended December 31, 1998
<br />(with Comparative Actual Amounts for Year Ended December 31, 1997)
<br />Revenue
<br />Other revenue
<br />Interest earned on investments
<br />Miscellaneous
<br />Total revenue
<br />Expenditures
<br />Current
<br />General government
<br />Capital outlay
<br />Total expenditures
<br />Excess (deficiency) of
<br />revenue over expenditures
<br />Other financing sources (uses)
<br />Operating transfers in
<br />Operating transfers (out)
<br />Total other financing sources (uses)
<br />Excess (deficiency) of revenue and
<br />other financing sources over
<br />expenditures and other financing uses
<br />Exhibit C- I 1
<br />1998 1997
<br />Over
<br />(Under)
<br />Budget Actual Budget Actual
<br />$ 20,000 $ 26,810 $ 6,810 $ 22,960
<br />11,900 11,787 (113) 728
<br />31,900 38,597 6,697 23,688
<br />90,080 87,960 2,120 105,135
<br />39,000 23,427 15,573 36,243
<br />129,080 111,387 17,693 141,378
<br />(97,180) (72,790)
<br />68,092 68,092
<br />11,700 11,617
<br />56,392 56,475
<br />$ (40,788) (16,315) $ 24,473
<br />24,390 (117,690)
<br />- 138,539
<br />83 23,626
<br />83 114,913
<br />(2,777)
<br />Fund balance
<br />Beginning of year 349,971 352,748
<br />End of year $ 333,656 $ 349,971
<br />-58-
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