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CITY OF RAMSEY <br />Statement of Fiduciary Net Assets <br />December 31, 2010 <br />Assets <br />Cash and temporary investments $ 790,773 <br />Receivables <br />Accounts 44,018 <br />Assets held for resale 11,902,279 <br />Total assets $ 12,737,070 <br />Liabilities <br />Accounts payable $ 4,296 <br />Deposits payable 830,495 <br />Loans Payable to Met Council 11,902,279 <br />Total liabilities $ 12,737,070 <br />See notes to basic financial statements <br />Escrow <br />Agency Fund <br />