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<br /> CITY OF RAMSEY
<br /> Statement of Net Assets
<br /> December 31, 2009
<br /> Governmental Business- Type
<br /> Activities Activities Total
<br />Assets
<br />Cash and temporary investments $ 32,987,462 $ 14,305,763 $ 47,293,225
<br />Receivables
<br />Unremitted taxes 92,163 92,163
<br />Delinquent taxes 590,317 590,317
<br />Unremitted special assessments 19,211 19,211
<br />Del inquent special assessments 30,215 11,900 42,115
<br />Deferred special assessments 1,359,331 268,721 1,628,052
<br />Accounts 36,929 1, I 00,499 1,137,428
<br />Interest 280,656 280,656
<br />Internal balances (6,336,552) 6,336,552
<br />Due from other governmental units 927,090 927,090
<br />Prepaids 6,794 46,547 53,341
<br />Land held for resale 12,615,626 12,615,626
<br />Restricted assets - temporarily restricted
<br />Cash and investments for debt service 1,609,2 I 5 1,609,215
<br />Capital assets
<br />Land 5,604,199 868,513 6,472,712
<br />Construction in progress 1,734,289 2,729,646 4,463,935
<br />Buildings and structures 25,621,905 2,509,688 28,131,593
<br />Improvements other than buildings 3,704,005 10,335,587 14,039,592
<br />Office equipment 691,719 691,719
<br />Motor vehicles 3,747,808 3,747,808
<br />Machinery and equipment 4,699,886 549,040 5,248,926
<br />Infrastructure 22,766,439 22,766,439
<br />Water and sewer lines 44,969,992 44,969,992
<br />Less accumulated depreciation (10,408,281) (10,139,104) (20,547,385)
<br /> Total capital assets, net of depreciation 58,161,969 51,823,362 109,985,331
<br /> Total assets $ 102,380,426 $ 73,893,344 $ 176,273,770
<br />Liabilities
<br />Accounts and contracts payable $ 465,646 $ 398,043 $ 863,689
<br />Salaries and benefits payable 250,667 250,667
<br />Accrued interest payable 74,879 74,879
<br />Due to other governmental units 107,612 23,339 130,951
<br />Unearned revenue 15,590 15,590
<br />Net OPEBobligation 70,231 70,231
<br />Long-term liabilities
<br />Due within one year 2,707,295 2,707,295
<br />Due in more than one year 25,284,312 25,284,312
<br /> Total long-term liabilities 27,991,607 27,991,607
<br /> Total liabilities 28,960,642 436,972 29,397,614
<br />Net assets
<br />Invested in capital assets, net of related debt 34,736,969 51,823,362 86,560,331
<br />Restricted for
<br />Debt service 2,307,015 2,307,015
<br />Tax increment 6,905,340 6,905,340
<br />Capital improvements 579,052 579,052
<br />Storm water management 398,378 398,378
<br />Ramsey Town Center Development 8,709,50 I 8,709,501
<br />Grants and contributions 2,881,003 2,881,003
<br />Unrestricted 16,902,526 21,633,010 38,535,536
<br /> Total net assets 73,419,784 73,456,372 146,876,156
<br /> Total liabilities and net assets $ 102,380,426 $ 73,893,344 $ 176,273,770
<br />See notes to basic financial statements
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