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CITY OF RAMSEY, MINNESOTA Exhibit B-2
<br />GENERAL FUND
<br />STATEMENT OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE -
<br />BUDGET (GAAP BASIS) AND ACTUAL
<br />Year Ended December 31, 1996
<br />(With Comparative Actual Amounts for Year Ended December 31, 1995)
<br /> 1996 1995
<br /> Variance -
<br /> Favorable
<br /> Budget Actual (Unfavorable) Actual
<br />
<br />Revenue:
<br />Property taxes $ 1,748,631 $ 1,748,024 $ (607) $ 1,510,755
<br />Licenses and permits 437,305 441,204 3,899 303,235
<br />Intergovernmental revenue 1,005,072 1,014,962 9,890 982,263
<br />Charges for services 266,426 278,440 12,014 216,317
<br />Fines and penalties 55,000 56,883 1,883 48,345
<br />Other revenue -
<br />Interest earned on investments 105,000 106,484 1,484 60,230
<br />Miscellaneous 6,400 14,567 8,167 13,628
<br />Total Revenue 3,623,834 3,660,564 36,730 3,134,773
<br />
<br />Expenditures:
<br />Current -
<br />General government 877,480 851,266 26,214 753,826
<br />Public safety 1,121,560 1,100,462 21,098 1,004,387
<br />Highways and streets 479,440 449,249 30,191 406,492
<br />Culture and recreation 271,055 266,580 4,475 225,665
<br />Debt service -
<br />Interest and other 65,450 65,433 17 18,600
<br />Capital outlay 219,411 214,799 4,612 364,624
<br />Total Expenditures 3,034,396 2,947,789 86,607 2,773,594
<br />
<br />Excess of Revenue over
<br />Expenditures 589,438 712,775 123,337 361,179
<br />
<br />Other Financing Sources (Uses):
<br />Operating transfers in 289,672 290,104 432 280,145
<br />Operating transfers (out) (856,224) (851,860) 4,364 (412,120)
<br />Total Other Financing
<br />Sources (Uses) (566,552) (561,756) 4,796 (131,975)
<br />EXCESS OF REVENUE AND
<br />OTHER FINANCING SOURCES
<br />OVER EXPENDITURES AND
<br />OTHER FINANCING USES $ 22,886 151,019 $ 128,133 229,204
<br />Fund balance -beginning of year 1,978,149 1,748,945
<br />Fund Balance -End of Year $ 2,129,168 $ 1,978,149
<br />-33-
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