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NOTES TO FINANCIAL STATEMENTS (Continued)
<br />December 31, 1988
<br />Note 3. INDIVIDUAL FUND DISCLOSURES (continued)
<br />B. Budgets
<br />During 1988, the City did not adopt budgets for the Economic
<br />Development and Revenue Sharing Funds. The following is a recon-
<br />ciliation between the Combined Statement of Revenue, Expenditures, and
<br />Changes in Fund Balance and the Combined Statement of Revenue,
<br />Expenditures, and Changes in Fund Balance - Budget (GAAP Basis) and
<br />Actual:
<br />Revenue:
<br />Property taxes
<br />Intergovernmental revenue
<br />Other revenue -
<br />Interest earned on
<br />investments
<br />Miscellaneous
<br />Total Revenue
<br />Expenditures:
<br />Current -
<br />General government
<br />Capital outlay
<br />Total Expenditures
<br />CITY OF RAMSEY, MINNESOTA
<br />Special Total
<br />Revenue Economic All
<br />Funds Develop- Revenue Special
<br />With went Sharing Revenue
<br />Budgets Fund Fund Funds
<br />$163,006 $ - $ - $163,006
<br />49,806 10,923 - 60,729
<br />43,783 - 211 43,994
<br />78,474 4,175 - 82,649
<br />335,069 15,098 211 350,378
<br />53,942 11,066 - 65,008
<br />3,895 3,895
<br />53,942 11,066 3,895 68,903
<br />Excess (Deficiency)
<br />of Revenue Over
<br />Expenditures 281,127 4,032 (3,684) 281,475
<br />Other Financing Sources (Uses):
<br />Operating transfers in 47,600 - - 47,600
<br />Operating transfers (out) (92,100) - - (92,100)
<br />Total Other Financing
<br />Sources (Uses) (44,500) - - (44,500)
<br />EXCESS (DEFICIENCY) OF
<br />REVENUE AND OTHER
<br />FINANCING SOURCES OVER
<br />EXPENDITURES AND OTHER
<br />FINANCING USES $236,627 $ 4,032 $(3,684) $236,975
<br />Fund balance - beginning of year 472,404 695 3,684 476,783
<br />Fund Balance - End of Year $709,031 $ 4,727 $ - $713,758
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