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Assets
<br />Liabilities and Net Assets
<br />CITY OF RAMSEY
<br />Statement of Net Assets
<br />Proprietary Funds
<br />December 31, 2011
<br />Business -Type Activities — Enterprise Funds
<br />Street Light
<br />Water Utility Sewer Utility Utility
<br />Current assets
<br />Cash and temporary investments $ 8,408,597 $ 5,537,132 $ 1,239,922
<br />Receivables
<br />Deferred special assessments 123,478 121,955
<br />Delinquent special assessments 15,190 15,190 —
<br />Accounts and interest 396,414 417,025 59,560
<br />Prepaids 45,690
<br />Total current assets 8,943,679 6,136,992 1,299,482
<br />Noncurrent assets
<br />Advances to other Funds 2,978,527 3,261,693
<br />Capital assets
<br />Land 868,513
<br />Construction in progress —
<br />Buildings and structures 6,058,847 —
<br />Improvements other than buildings — — 705,077
<br />Machinery and equipment 134,188 378,167
<br />Water and sewer lines 24,117,279 21,229,206
<br />31,178,827 21,607,373 705,077
<br />Less accumulated depreciation 5,837,512 4,902,475 314,912
<br />Net capital assets 25,341,315 16,704,898 390,165
<br />Total noncurrent assets 28,319,842 19,966,591 390,165
<br />Total assets $ 37,263,521 $ 26,103,583 $ 1,689,647
<br />Current liabilities
<br />Accounts and contracts payable $ 18,182 $ 2,772 $ 34,608
<br />Due to other governmental units 44,095 221
<br />Unearned revenue 720
<br />Total current liabilities 62,277 2,772 35,549
<br />Net assets
<br />Invested in capital assets 25,341,315 16,704,898 390,165
<br />Unrestricted 11,859,929 9,395,913 1,263,933
<br />Total net assets 37,201,244 26,100,811 1,654,098
<br />Total liabilities and net assets $ 37,263,521 $ 26,103,583 $ 1,689,647
<br />See notes to basic financial statements
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