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CITY OF RAMSEY
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2014
<br />Business-Type Activities – Enterprise Funds
<br />Street Light
<br />Water UtilitySewer UtilityUtility
<br />Assets
<br />Current assets
<br />Cash and temporary investments13,364,688$ 7,917,658$ 1,214,904$
<br />Receivables
<br />Delinquent special assessments12,803 12,803 –
<br />Deferred special assessments121,278 121,278 –
<br />Accounts401,910 420,320 61,212
<br />Prepaids– 50,876 –
<br />Total current assets13,900,679 8,522,935 1,276,116
<br />Noncurrent assets
<br />Advances to other Funds2,734,734 2,982,186 –
<br />Capital assets
<br />Land868,513 – –
<br />Construction in progress841,725 199,250 –
<br />Buildings and structures6,058,847 – –
<br />Improvements other than buildings430,070 20,881 867,291
<br />Machinery and equipment133,568 432,913 –
<br />Water and sewer lines24,117,279 21,229,206 –
<br /> 21,882,25032,450,002 867,291
<br />Less accumulated depreciation7,699,449 6,236,427 423,913
<br />Net capital assets 24,750,553 15,645,823 443,378
<br />Total noncurrent assets27,485,287 18,628,009 443,378
<br />Total assets41,385,966$ 27,150,944$ 1,719,494$
<br />Liabilities
<br />Current liabilities
<br />Accounts and contracts payable75,437$ 12,920$ 36$
<br />Due to other governmental units19,381 – –
<br />Unearned revenue – – 1,666
<br />Total current liabilities94,818 12,920 1,702
<br />Net Position
<br />Investment in capital assets24,750,553 15,645,823 443,378
<br />Unrestricted 16,540,595 11,492,201 1,274,414
<br />Total net position 27,138,02441,291,148 1,717,792
<br />Total liabilities and net position
<br />$ 27,150,94441,385,966$ 1,719,494$
<br />See notes to basic financial statements
<br />Page 54
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