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CITY OF RAMSEY, MLNNESOTA
<br />DEVElAPMMEDTTt' DISTRICT N0. I
<br />SC~UIE OF SOURCES AND USES OF PUBLIC FUNDS
<br />FOR TAX INCRIl~TT FINANCING DISTRICTS N0. 1, N0. 2, AND N0. 4
<br />Year Ended December 31, 1989
<br />' (Unaudited)
<br />
<br /> Accounted
<br /> Original Amended for in Amount
<br />' Budget Budget Prior Years Current Year Remaining
<br />
<br /> Sources of Funds:
<br />' Bald proceeds, net $ 98,590 $ 3,692,827 $ 2,934,645 $ 467,461 $ 290,721
<br /> Tax increments received 6,883,279 21,377,617 240,870 424,145 20,712,602
<br /> Interest earned on investments - 31,700 167,277 69,672 (205,249)
<br /> Intergovernmental revenue -
<br />'
<br />Homestead credit - -
<br />40,311
<br />79,093
<br />(119,404)
<br /> Special assessments - 788,000 289,319 40,914 457,767
<br /> Other - - 1,205 10,448 (11,653)
<br />' Total Sources of Funds 6,981,869 25,890,144 3,673,627 1,091,733 21,124,784
<br /> Uses of Funds:
<br />' Site improvements 80,000 1,693,079 406,595 - 1,286,484
<br /> Public utilities 5,052,507 1,925,528 430,162 2,696,817
<br /> Debt service -
<br />' Principal 100,000 3,770,000 - 5,000 3,765,000
<br /> Interest and fiscal charges 72,536 3,367,675 288,610 258,954 2,820,111
<br /> Administrative 6,250 153,481 43,093 10,210 100,178
<br />~ Total Uses of Funds 258,786 14,036,742 2,663,826 704,326 10,668,590
<br />Funds Remaining $6,723,083 $11,853,402 $ 1,009,801 $ 387,407 $10,456,194
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