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<br /> Finance ~
<br /> City of Ramsey
<br /> Statement of Net Assets - Proprietary Funds
<br /> December 31, 2007
<br /> Governmental
<br /> Business- Type Activities - Enterprise Funds Activities
<br /> Recycling Storn1 Water Internal
<br /> Water Utility Sewer Utility Street Light Utility Utility Totals Service
<br />Assets
<br />Current assets
<br />Cash and temporary investments $ 12,208,615 6,229,140 1,010,955 1 7, 1 00 610,426 $ 20,076,236 439,290
<br />Receivables
<br />Deferred special assessments 9,614 4,319 13,933
<br />Accounts and interest 324,241 360,615 46,825 73,992 148,406 954,079
<br />Due from other governmental units 16,525 16,525
<br />Inventory 3,637 3,637
<br />Prepaids 37,782 37,782
<br />Total current assets 12,546,107 6,631,856 1,057,780 107,617 758,832 21,102,192 439,290
<br />Capital assets
<br />Land 100,000 100,000
<br />Construction in progress 4,898,761 3,823,184 576,491 9,298,436
<br />Buildings and structures 2,509,688 2,509,688
<br />Improvements other than buildings 596,875 8,900,189 9,497,064
<br />Machinery and equipment 151,874 30,769 27,920 210,563
<br />Water and sewer lines 18,125,896 17,371,050 35,496,946
<br /> 25,786,219 21,225,003 596,875 9,504,600 57,112,697
<br />Less accumulated depreciation 3,731,515 3,228,715 194,555 784,854 7,939,639
<br />Net capital assets 22,054,704 17,996,288 402,320 8,719,746 49,173,058
<br />Total assets $ 34,600,811 $ 24,628,144 1,460,100 107,617 9,478,578 $ 70,275,250 439,290
<br />Liabilities and Net Assets
<br />Current liabilities
<br />Accounts and contracts payable 84,824 799 6,442 8,651 100,716
<br />Due to other governmental units 21,044 19,918 250 41,212 7,037
<br />Unearned revenue 33,390 33,390
<br />Total current liabilities 105,868 20,717 39,832 8,901 175,318 7,037
<br />Net assets
<br />Invested in capital assets 22,054,704 17,996,288 402,320 8,719,746 49,173,058
<br />Unrestricted 12,440,239 6,611,139 1,017,948 107,617 749,931 20,926,874 432,253
<br />Total net assets 34,494,943 24,607,427 1,420,268 107,617 9,469,677 70,099,932 432,253
<br />Total liabilities and net assets $ 34,600,811 $ 24,628,144 1,460,100 107,617 9,478,578 $ 70,275,250 439,290
<br />
<br />US 10 Pre-Design and EAjEAW in Ramsey
<br />Project Update for Ramsey Resident
<br />May 30, 2008
<br />
<br />Following careful evaluation
<br />of several interchange alternatives
<br />for the Trunk Highway 10 project in
<br />Ramsey, the city and the Minnesota
<br />Department of Transportation se-
<br />lected alternative A5 as the preferred
<br />alternative. On April 22, 2008, the
<br />Ramsey City Council also endorsed
<br />alternative A5. The preferred alter-
<br />native will include a single-point
<br />
<br />interchange at both Sunfish Lal(e
<br />Boulevard and Ramsey Boulevard.
<br />Following the City Council
<br />endorsement, the proj ect partners
<br />have moved forward with preliminary
<br />design and environmental documen-
<br />tation. A public information open
<br />house is expected to be held when
<br />preliminary results of the proposed
<br />project's social, economic, and en-
<br />
<br />vironmental impacts are completed,
<br />which will be later this year.
<br />More information and a
<br />drawing of the preferred alternative
<br />can be found on the project website
<br />at www.ci.ramsey.mn.us/thl0.asp or
<br />by calling Brian Olson, Principal City
<br />Engineer at 763-433-9825.
<br />
<br />www.ci.ramsey.mn.us
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