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CITY OF RAMSEY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31,1996
<br />' Note 3. INDIVIDUAL FUND DISCLOSURES
<br />' A. Fund Deficits
<br /> The following funds have a deficit balance at December 31, 1996:
<br /> Special Revenue Funds -
<br /> Landfill Abatement (922)
<br /> Debt Service Funds -
<br /> 1989A Improvement Bonds (187,038)
<br /> 1992B Improvement Bonds (152,014)
<br /> Capital Project Funds -
<br /> Improvement Revolving (3,186,337)
<br />' Mississippi Drainage District (27,925)
<br />Rum River Drainage District (8,506)
<br /> Enterprise Funds -
<br /> Sewer Utility Fund (211,996)
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<br />The City intends to fund these deficits through future tax levies, spec
<br /> transfers from other funds, grants, and various other sources.
<br />' Expenditures did not exceed budgeted amounts for any of the three governmental funds for which the City adopts
<br /> budgets.
<br /> B. d et
<br /> During 1996, the City did not adopt budgets for the Landfill Tipping Fee, Landfill Abatement, Community
<br /> Development Block Grant (CDBG), Minnesota Department of Natural Resources Grant, Future Sealcoating,
<br /> Peace Officers', Lawful Gambling, Tree and Sod Escrow, Equipment Revolving, or the Transportation Impact
<br /> Fee Special Revenue Funds. The following is a reconciliation between the Combined Statement of Revenue,
<br /> Expenditures, and Changes in Fund Balance and the Combined Statement of Revenue, Expenditures, and
<br /> Changes in Fund Balance -Budget (GAAP Basis) and Actual:
<br /> Total
<br /> Total Financi.*:g
<br />' Total Expend- Sources Fund Balance
<br /> Revenue itures (Uses) End of Year
<br /> Special Revenue Funds -
<br /> With Budgets $ 1,497,718 $ 610,997 $ (507,701) $ 2,143,487
<br />' Without Budgets
<br /> Landfill Tipping Fee 25,790 - (13,000) 545,514
<br />' Landfill Abatement - - _ - (922)
<br />CDBG 8,842 5,498
<br /> Minnesota Department of Natural
<br /> Resources Grant 12,099 10,644 - 1,536
<br /> Future Sealcoating 39,960 - (28,550) 234,832
<br /> Peace Officers 170,120 131,932 (5,128) 42,988
<br /> Lawful Gambling 27,952 - - 111,083
<br /> Equipment Revolving 151,166 ~ 159,911 2,690,904
<br /> Transportation Impact Fee Activity 72,358 72,358
<br /> Total Special Revenue Funds $ 2,006,005 $ 759,071 $ (394,468) $ 5,841,780
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