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<br />Finance
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<br />Notice Annual Summary Financial Report
<br />City of Ramsey
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<br />The purpose of this report is to provide a summary of financial information concerning the city of Ramsey to
<br />interested citizens. The complete financial statements may be examined on our website at www.ci.ramsey.mn.us/cafr.asp
<br />or at City Hall, 7550 Sunwood Drive NW, Ramsey, MN 55303. Questions should be directed to the finance department at
<br />763- 576-4302.
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<br /> Revenues and Expenditures for General Operations
<br /> (Governmental Funds)
<br /> Percent
<br /> Increase
<br />Revenues: 2006 2005 (Decrease )
<br />Property Taxes $ 9,880,606 $ 8,421,955 17.32%
<br />Special Assessments 1,057,724 3,771,480 -71.95%
<br />Licenses and Permits 797,491 1,266,111 -37.01 %
<br />Intergovernmental 4,944,306 4,124,766 19.87%
<br />Charges for Services 1,760,007 2,560,089 -31.25%
<br />Fines and forfeits 113,337 108,014 4.93%
<br />Other Revenue:
<br />Investment Earnings 1,665,885 1,128,984 47.56%
<br />Miscellaneous 836~441 1 ~523~ 182 -45.09%
<br />Total Revenues $ 21 ~055~ 797 $ 22~904~581 -8.07%
<br /> Per Capita* $896 $996 -10.00%
<br />Expenditures:
<br />General Government $ 10,234,225 $ 7,008,854 46.02%
<br />Public Safety 3,414,823 3,053,299 11.84%
<br />Highways and Streets 1,449,249 1,312,903 10.39%
<br />Culture and Recreation 743,016 632,253 17.52%
<br />Debt Service:
<br />Bond Principal retirement 1,780,000 2,929,000 -39.23%
<br />Interest and fiscal charges 1,960,137 444,862 340.62%
<br />Capital Outlay 18,206,034 13,775,696 32.16%
<br />Total Expenditures $ 37,787,484 $ 29,156,867 29.60%
<br /> Per Capita* $1,608 $1,267 26.89%
<br />Total Long-term Indebtedness $ 32,252,000 $ 32,997,000 -2.26%
<br /> Per Capita* $ 1,372 $ 1,434 -4.30%
<br />General Fund and Special Revenue Funds Unreserved
<br />Fund balance - December 31 $ 11,374,074 $ 11,702,556 -2.81%
<br /> Per Capita* $ 484 $ 509 -4.84%
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<br />*Calculated using population estimate of 23,500 for 2006 and 23,008 for 2005
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<br />www.ci.ramsey.mn.us
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