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CITY OF RAMSEY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1990 <br />Note 3. INDIVIDUAL FUND DISCLOSURES (Continued) <br />B, At][~fTPt S <br />During 1990, the City did not adopt budgets for the Economic Development, <br />Community Development Block Grants, Brush Chipping, and Peace Officers' <br />Special Revenue Funds. The following is a reconciliation between the <br />Combined Statement of Revenue, Expenditures and Changes in Fund Balance and <br />the Combined Statement of Revenue, Expenditures,-and Changes in Fund Balance <br />-Budget (GAAP Basis) and Actual: <br />Special Total <br />Revenue Community All <br />Funds Economic Development Brush Peace Special <br />with <br />Budgets Development Block Chipping Officers <br />Fund Grants Fund Fund Revenue <br />Funds <br />Revenue: <br />Property taxes S 578,918 S - S - $ -. $ - S 578,918 <br />Intergovernmental <br />revenue 37,887 - 34,652 31,299 - 103,838 <br />Other revenue - <br />Interest earned <br />on investments 140,470 1,651 - - 534 142,655 <br />Miscellaneous 200.949 - - - 2,550 203.499 <br />Total Revenue 958,224 1,851 34,652 31,299 3,089 1,029,110 <br />Expenditures: <br />Current - <br />General government 36,980 28,425 19,151 31,185 - 115,791 <br />Capital outlay 16.967 - 15,501 - 32.468 <br />Total Expenditures 53.947 26.425 39.652 31.185 748.209 <br />EXCESS (DEFICIENCY) <br />OF REVENUE OVER <br />EXPENDITURES $ 904,277 $ (26,579) S - $ 119 $ 3,089 $ 860,901 <br />Fund balance (deficit) - <br />beginning of year $ 1.395.383 26.574 - (114) 5.725 1.427.568 <br />Fund balance - End of <br />Year $ 2,299,660 $ - $ - $ - $ 8,809 $ 2.308,.469 <br />-22- <br />