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CITY OF RAMSEY, MINNESOTA
<br />Exhibit C-11
<br />ECONOMIC DEVELOPMENT AUTHORITY
<br />STATEMENT OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE -
<br />BUDGET (GAAP BASIS) AND ACTUAL
<br />Year Ended December 31, 1997
<br />(With Comparative Actual Amounts for Year Ended December 31, 1996)
<br />Revenue:
<br />Charges for services
<br />Other revenue -
<br />Interest earned on investments
<br />Miscellaneous
<br />Total Revenue
<br />Expenditures:
<br />Current -
<br />General government -
<br />Personal Services
<br />Supplies
<br />Services and charges
<br />Capital outlay
<br />Total Expenditures
<br />Deficiency of Revenue
<br />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 OTHER
<br />FINANCING SOURCES OVER EXPENDITURES
<br />AND OTHER FINANCING USES
<br />Fund balance -beginning of year
<br />Fund Balance -End of Year
<br />1997 1996
<br />Variance -
<br />Favorable
<br />Budget Actual (Unfavorable) Actual
<br />$ - $ - $ - $ 1,G60
<br />15,000 22,960 7,960 16,513
<br />500 728 228 5,875
<br />15,500 23,688 8,188 24,048
<br />56,560 55,530 1,030 45,965
<br />6,360 5,607 753 11,644
<br />55,225 43,998 11,227 12,803
<br /> 36,243 (36,243) 5,879
<br />118,145 141,378 (23,233) 76,291
<br />(102,645) (117,690) (15,045) (52,243)
<br />130,000 138,539 8,539 117,741
<br />(700) (23,626) (22,926) (679)
<br />129,300 114,913 (14,387) 117,062
<br />$ 26,655 (2,777) (29,432) $ 64,819
<br />352,748 287,929
<br />$ 349,971 $ 352,748
<br />-51-
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