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<br />CITY OF RAMSEY <br /> <br />Statement of Fiduciary Net Assets <br />December 31,2007 <br /> <br /> Escrow <br /> Agency Fund <br />Assets <br />Cash and temporary investments $ 1,280,915 <br />Receivables <br />Accounts 35,705 <br />Total assets $ 1,316,620 <br />Liabilities <br />Accounts payable $ 11,966 <br />Due to other governmental units 296 <br />Deposits payable 1,304,358 <br />Tota11iabilities $ 1,316,620 <br /> <br />"- <br /> <br />See notes to basic fmancia1 statements <br /> <br />-27- <br />