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<br /> CITY OF RAMSEY
<br /> Statement of Net Assets
<br /> Proprietary Funds
<br /> December 31,2009
<br /> Business-Type Activities - Enterprise Funds
<br /> Street Light
<br /> Water Utility Sewer Utility Utility
<br />Assets
<br />Current assets
<br />Cash and temporary investments $ 7,366,693 $ 4,980,985 $ 1,111,605
<br />Receivables
<br />Deferred special assessments 136,121 132,600
<br />Delinquent special assessments 5,950 5,950
<br />Accounts and interest 351,885 401,081 56,967
<br />Prepaids 46,547
<br />Total current assets 7,860,649 5,567,163 1,168,572
<br />Noncurrent assets
<br />Advances to other Funds 4,002,158 2,334,394
<br />Capital assets
<br />Land 868,513
<br />Construction in progress 2,542,455
<br />Buildings and structures 2,509,688
<br />Improvements other than buildings 662,210
<br />Machinery and equipment 142,279 378,841
<br />Water and sewer lines 23,740,786 21,229,206
<br /> 29,803,721 21,608,047 662,210
<br />Less accumulated depreciation 4,696,009 4,030,136 252,247
<br />Net capital assets 25,107,712 17,577,911 409,963
<br />Total noncurrent assets 29,109,870 19,912,305 409,963
<br />Total assets $ 36,970,519 $ 25,479,468 $ 1,578,535
<br />Liabilities and Net Assets
<br />Current liabilities
<br />Accounts and contracts payable $ 378,463 $ 357 $ 30
<br />Due to other governmental units 19,339 4,000
<br />Unearned revenue 5,950 5,950 3,690
<br />Total current liabilities 403,752 10,307 3,720
<br />Net assets
<br />Invested in capital assets 25,107,712 17,577,911 409,963
<br />Unrestricted 11,459,055 7,891,250 1,164,852
<br />Total net assets 36,566,767 25,469,161 1,574,815
<br />Total liabilities and net assets $ 36,970,519 $ 25,479,468 $ 1,578,535
<br />See notes to basic financial statements
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