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CITY OF RAMSEY
<br />Statement of Net Position
<br />December 31, 2014
<br />See notes to basic financial statements
<br />Page 39
<br />Governmental
<br />Business -Type
<br />Activities
<br />Activities
<br />Total
<br />Assets
<br />Cash and temporary investments
<br />$ 25,864,044
<br />$ 23,799,475
<br />$
<br />49,663,519
<br />Receivables
<br />Unremitted taxes
<br />70,541
<br />-
<br />70,541
<br />Delinquent taxes
<br />264,053
<br />-
<br />264,053
<br />Unremitted special assessments
<br />4,326
<br />-
<br />4,326
<br />Delinquent special assessments
<br />9,584
<br />25,606
<br />35,190
<br />Deferred special assessments
<br />774,089
<br />242,556
<br />1,016,645
<br />Accounts
<br />133,227
<br />1,190,335
<br />1,323,562
<br />Notes
<br />26,981
<br />-
<br />26,981
<br />Interest
<br />163,869
<br />-
<br />163,869
<br />Internal balances
<br />(5,716,920)
<br />5,716,920
<br />-
<br />Due from other governmental units
<br />986,776
<br />-
<br />986,776
<br />Prepaids
<br />4,805
<br />50,876
<br />55,681
<br />Land held for resale
<br />12,985,657
<br />-
<br />12,985,657
<br />Restricted assets -temporarily restricted
<br />Cash and investments for debt service
<br />502,638
<br />-
<br />502,638
<br />Capital assets
<br />Land
<br />6,772,024
<br />868,513
<br />7,640,537
<br />Construction in progress
<br />1,681,968
<br />1,199,546
<br />2,881,514
<br />Buildings and structures
<br />26,636,674
<br />6,058,847
<br />32,695,521
<br />Improvements other than buildings
<br />11,385,776
<br />12,986,835
<br />24,372,611
<br />Office equipment
<br />657,196
<br />-
<br />657,196
<br />Motor vehicles
<br />3,886,182
<br />-
<br />3,886,182
<br />Machinery and equipment
<br />5,755,478
<br />594,401
<br />6,349,879
<br />Infrastructure
<br />28,922,328
<br />-
<br />28,922,328
<br />Water and sewer lines
<br />-
<br />45,346,485
<br />45,346,485
<br />Less accumulated depreciation
<br />(22,385,025)
<br />(16,627,260)
<br />(39,012,285)
<br />Total capital assets, net of depreciation
<br />63,312,601
<br />50,427,367
<br />113,739,968
<br />Total assets
<br />$ 99,386,271
<br />$ 81,453,135
<br />$
<br />180,839,406
<br />Liabilities
<br />Accounts and contracts payable
<br />$ 689,996
<br />$ 88,889
<br />$
<br />778,885
<br />Salaries and benefits payable
<br />292,483
<br />-
<br />292,483
<br />Accrued interest payable
<br />96,138
<br />-
<br />96,138
<br />Due to other governmental units
<br />13,184
<br />19,381
<br />32,565
<br />Unearned revenue
<br />-
<br />1,666
<br />1,666
<br />Long-term liabilities
<br />Due within one year
<br />2,137,306
<br />-
<br />2,137,306
<br />Due in more than one year
<br />31,105,028
<br />-
<br />31,105,028
<br />Total long-term liabilities
<br />33,242,334
<br />-
<br />33,242,334
<br />Total liabilities
<br />34,334,135
<br />109,936
<br />34,444,071
<br />Net Position
<br />Net investment in capital assets
<br />41,657,601
<br />50,427,367
<br />92,084,968
<br />Restricted for
<br />Capital improvements
<br />854,982
<br />-
<br />854,982
<br />Debt service
<br />1,846,460
<br />-
<br />1,846,460
<br />Economic development
<br />1,276,345
<br />-
<br />1,276,345
<br />Housing and redevelopment
<br />8,118,163
<br />-
<br />8,118,163
<br />Lawful gambling
<br />149,440
<br />-
<br />149,440
<br />Public safety
<br />81,400
<br />-
<br />81,400
<br />Solid waste management
<br />15,615
<br />-
<br />15,615
<br />Tax increment
<br />2,931,177
<br />-
<br />2,931,177
<br />Unrestricted
<br />8,120,953
<br />30,915,832
<br />39,036,785
<br />Total net position
<br />65,052,136
<br />81,343,199
<br />146,395,335
<br />Total liabilities and net position
<br />$ 99,386,271
<br />$ 81,453,135
<br />$
<br />180,839,406
<br />See notes to basic financial statements
<br />Page 39
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