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CITY OF RAMSEY, MINNESOTA
<br />TAX INCREMENT 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 3l, 1995)
<br />Revenue:
<br />Tax increment
<br />Otherrevenue-
<br />Interest earned on investments
<br />Total Revenue
<br />Expenditures:
<br />Current -
<br />General government -
<br />Services and charges
<br />Capital outlay
<br />Tota] Expenditures
<br />Excess of Revenue
<br />Over Expenditures
<br />1996 1995
<br />Variance -
<br />Favorable
<br />Budget Actual -(Unfavorable) Actual
<br />$ 1,285,000 S 1,385,389 $ 100,389 $ 1,177,406
<br />75,000 88,281 13,281 131,809
<br />1,360,000 1,473,670 113,670 1,309,215
<br />151,700 148,045 3,655 51,845
<br />388,000 386,661 1,339 848,798
<br />539,700 534,706 4,994 900,643
<br />820,300 938,964 118,664 408,572
<br />Exhibit C-3
<br />Other Financing Sources (Uses):
<br />Operating transfers in 550,000 599,555 49,555 -
<br />Operating transfers (out) (1,235,000) (1,224,318) 10,682 (677,742)
<br />Total Other Financing Sources (Uses) (685,000) (624,763) 60,237 (677,742)
<br />EXCESS (DEFICIENCY) OF
<br />REVENUE AND OTHER FINANCING
<br />SOURCES OVER EXPENDITURES
<br />AND OTHER FINANCING USES $ 135,300 314,201 S 178,901 (269,170)
<br />Fund balance -beginning of year
<br />Fund Balance -End of Year
<br />1,476,538
<br />S 1,790,739
<br />1,745,708
<br />$ 1,476,538
<br />-45-
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