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CITY OF RAMSEY
<br />Balance Sheet
<br />Governmental Funds
<br />December 31, 2014
<br />Special Revenue FundsDebt Service Fund
<br />Housing and2012APublic
<br />tImprovement
<br />RedevelopmentG.O. Improvemen
<br />GeneralTax Increment AuthorityBond RefundRevolving
<br />Assets
<br />Cash and temporary investments$ 7,987,134$ 2,892,011$ 442,385$ 713,137$ 3,192,000
<br />Cash and investments held by trustee – – – – –
<br />Receivables
<br />Unremitted taxes 52,488 7,379 1,203 7,212 –
<br />Delinquent taxes 189,733 35,466 6,402 23,063 –
<br />Unremitted special assessments – – – 4,326–
<br />Delinquent special assessments – – – 9,584–
<br />Deferred special assessments – – – 774,089–
<br />Accounts 82,212 – – – –
<br />Notes – – – – –
<br />Interest 163,869 – – – –
<br />Due from other funds – – – 316,400–
<br />Due from other governmental units 15,815 – – – –
<br />Prepaids 4,805 – – – –
<br />Land held for resale – 12,044,761– – –
<br />Advances to other funds – – – – –
<br />Total assets$8,496,056$2,934,856$12,494,751$743,412$4,296,399
<br />Liabilities
<br />$ –$ 1,740$ –$ –
<br />Accounts and contracts payable$170,522
<br />Salaries and benefits payable 292,483 – – – –
<br />Due to other governmental units 9,430 3,679 – – –
<br />Due to other funds – – – – –
<br />Advances from other funds 851,319 4,374,848– – –
<br />Total liabilities 1,323,754 3,679 4,376,588 – –
<br />Deferred inflows of resources
<br />Unavailable revenue - property taxes 189,733 35,466 6,402 23,063 –
<br />Unavailable revenue - special assessments – – – 783,673–
<br />Unavailable revenue - notes receivable – – – – –
<br />Total deferred inflows of resources 189,733 35,466 6,402 23,063 783,673
<br />Fund balances (deficits)
<br />Nonspendable 4,805 – – – –
<br />Restricted 2,895,711– 8,111,761 720,349 –
<br />Committed – – – – –
<br />Assigned – – – 3,512,726–
<br />Unassigned 6,977,764 – – – –
<br />Total fund balances (deficits) 6,982,569 2,895,711 8,111,761 720,349 3,512,726
<br />Total liabilities, deferred inflows o
<br />f
<br /> resources, and fund balances
<br />$ 2,934,8568,496,056$ 12,494,751$ 743,412$ 4,296,399$
<br />See notes to basic financial statements
<br />Page 42
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