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CITY OF RAMSEY
<br />Statement of Net Position
<br />December 31, 2015
<br />Governmental Business -Type
<br />Activities Activities Total
<br />Assets
<br />Cash and temporary investments $ 31,374,962 $ 30,139,476 $ 61,514,438
<br />Receivables
<br />Unremitted taxes 91,759 91,759
<br />Delinquent taxes 153,276 153,276
<br />Unremitted special assessments 52,654 - 52,654
<br />Delinquent special assessments 6,442 18,096 24,538
<br />Deferred special assessments 671,943 202,416 874,359
<br />Accounts 68,629 1,227,160 1,295,789
<br />Notes 21,783 - 21,783
<br />Interest 194,844 - 194,844
<br />Internal balances (3,034,812) 3,034,812
<br />Due from other governmental units 590,811 590,811
<br />Prepaids 1,613 60,422 62,035
<br />Land held for resale 11,241,512 - 11,241,512
<br />Capital assets
<br />Land 6,772,024 868,513 7,640,537
<br />Construction in progress 7,429,397 1,199,547 8,628,944
<br />Buildings and structures 26,636,674 6,058,847 32,695,521
<br />Improvements other than buildings 11,385,776 13,214,332 24,600,108
<br />Office equipment 657,196 - 657,196
<br />Motor vehicles 3,879,691 - 3,879,691
<br />Machinery and equipment 6,146,967 639,505 6,786,472
<br />Infrastructure 28,922,328 28,922,328
<br />Water and sewer lines 45,346,485 45,346,485
<br />Less accumulated depreciation (25,078,364) (17,987,084) (43,065,448)
<br />Total capital assets, net of depreciation 66,751,689 49,340,145 116,091,834
<br />Total assets 108,187,105
<br />84, 022, 527 192,209,632
<br />Deferred outflows of resources
<br />Pension plan deferments 949,100 57,996 1,007,096
<br />Total assets and deferred outflows of resources $ 109,136,205 $ 84,080,523 $ 193,216,728
<br />Liabilities
<br />Accounts and contracts payable $ 1,224,137 $ 22,714 $ 1,246,851
<br />Salaries and benefits payable 122,601 - 122,601
<br />Accrued interest payable 87,509 - 87,509
<br />Due to other governmental units 22,923 69,223 92,146
<br />Unearned revenue - 6,566 6,566
<br />Long-term liabilities
<br />Due within one year 2,240,243 - 2,240,243
<br />Due in more than one year 31,966,003 408,072 32,374,075
<br />Total long-term liabilities 34,206,246 408,072 34,614,318
<br />Total liabilities 35,663,416 506,575 36,169,991
<br />Deferred inflows of resources
<br />Pension plan deferments 532,988 27,127 560,115
<br />Net Position
<br />Net investment in capital assets 41,216,689 49,340,145 90,556,834
<br />Restricted for
<br />Capital improvements 1,712,680 1,712,680
<br />Debt service 1,653,255 1,653,255
<br />Economic development 1,285,626 1,285,626
<br />Housing and redevelopment 8,769,374 8,769,374
<br />Lawful gambling 95,504 95,504
<br />Public safety 80,269 80,269
<br />Solid waste management - -
<br />Tax increment 4,833,433 - 4,833,433
<br />Unrestricted 13,292,971 34,206,676 47,499,647
<br />Total net position 72,939,801 83,546,821 $ 156,486,622
<br />Total liabilities, deferred inflows of resources and net position $ 109,136,205 $ 84,080,523 $ 193,216,728
<br />See notes to basic financial statements
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