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Current assets <br />Cash and temporary investments <br />Receivables <br />Deferred special assessments <br />Accounts and interest <br />Due from other governmental units <br />Inventory <br />Prepaids <br />Total current assets <br />Capital assets <br />Land <br />Buildings and structures <br />Machinery and equipment <br />Water and sewer lines <br />Improvements other than buildings <br />Construction in progress <br />Less accumulated depreciation <br />Net capital assets <br />Total assets <br />Current liabilities <br />Accounts and contracts payable <br />Due to other governmental units <br />Unearned revenue <br />Total current liabilities <br />Net assets <br />Invested in capital assets <br />Unrestricted <br />Total net assets <br />Assets <br />Liabilities and Net Assets <br />Total liabilities and net assets <br />See notes to basic financial statements <br />CITY OF RAMSEY <br />Statement of Net Assets <br />Proprietary Funds <br />December 31, 2006 <br />-21- <br />Business -Type Activities — Enterprise Funds <br />Water Utility <br />$ 11,311,072 <br />16,003 <br />266,508 <br />2,457 <br />11,596,040 <br />100,000 <br />2,509,688 <br />124,442 <br />17,487,791 <br />4,080,512 <br />24,302,433 <br />3,310,310 <br />20,992,123 <br />$ 270,807 <br />24,345 <br />295,152 <br />20,992,123 <br />11,300,888 <br />32,293,011 <br />Sewer Utility Street Light <br />$ 5,277,635 $ 890,447 <br />7,190 <br />329,372 43,815 <br />33,307 <br />5,647,504 <br />30,769 <br />16,845,319 <br />3,566,320 <br />20,442,408 <br />2,880,874 <br />17,561,534 <br />$ 32,588,163 $ 23,209,038 <br />$ 13 8, 994 $ <br />25,048 <br />164,042 <br />17,561,534 <br />5,483,462 <br />23,044,996 <br />$ 32,588,163 $ 23,209,038 <br />934,262 <br />520,586 <br />520,586 <br />162,672 <br />357,914 <br />1,292,176 <br />44,660 <br />44,660 <br />357,914 <br />889,602 <br />1,247, 516 <br />1,292,176 <br />