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CITY OF RAMSEY
<br />Statement of Net Position
<br />December 31, 2016
<br />Governmental Business -Type
<br />Activities Activities
<br />Total
<br />Assets
<br />Cash and temporary investments $ 32,584,393 $ 31,819,980 $ 64,404,373
<br />Receivables
<br />Unremitted taxes 151,417 151,417
<br />Delinquent taxes 143,075 143,075
<br />Unremitted special assessments 2,310 - 2,310
<br />Delinquent special assessments 3,428 13,886 17,314
<br />Deferred special assessments 818,561 176,720 995,281
<br />Accounts 24,537 1,435,523 1,460,060
<br />Notes 16,821 - 16,821
<br />Interest 206,503 - 206,503
<br />Internal balances (2,953,689) 2,953,689 -
<br />Due from other governmental units 133,028 39,534 172,562
<br />Prepaids 15,881 62,967 78,848
<br />Land held for resale 11,241,512 - 11,241,512
<br />Capital assets
<br />Land 6,848,022 868,513 7,716,535
<br />Construction in progress 2,369,983 597,780 2,967,763
<br />Buildings and structures 30,685,842 6,058,847 36,744,689
<br />Improvements other than buildings 11,385,776 14,412,553 25,798,329
<br />Office equipment 657,196 - 657,196
<br />Motor vehicles 3,832,880 - 3,832,880
<br />Machinery and equipment 6,336,603 834,318 7,170,921
<br />Infrastructure 33,733,257 - 33,733,257
<br />Water and sewer lines 48,637,880 48,637,880
<br />Less accumulated depreciation (27,968,849) (19,450,297) (47,419,146)
<br />Total capital assets, net of depreciation 67,880,710 51,959,594 119,840,304
<br />Total assets
<br />110,268,487 88,461,893 198,730,380
<br />Deferred outflows of resources
<br />Pension plan deferments 7,553,638 267,548 7,821,186
<br />Total assets and deferred outflows of resources $ 117,822,125 $ 88,729,441 $ 206,551,566
<br />Liabilities
<br />Accounts and contracts payable $ 594,889 $ 16,527 $ 611,416
<br />Salaries and benefits payable 124,011 - 124,011
<br />Accrued interest payable 81,822 - 81,822
<br />Due to other governmental units 11,271 93,068 104,339
<br />Unearned revenue - 11,074 11,074
<br />Long-term liabilities
<br />Due within one year 2,588,583 - 2,588,583
<br />Due in more than one year 38,818,950 639,331 39,458,281
<br />Total long-term liabilities 41,407,533 639,331 42,046,864
<br />Total liabilities 42,219,526 760,000 42,979,526
<br />Deferred inflows of resources
<br />Pension plan deferments 1,275,498 56,306 1,331,804
<br />Net Position
<br />Net investment in capital assets 42,170,710 51,959,594 94,130,304
<br />Restricted for
<br />Capital improvements 1,486,996 1,486,996
<br />Debt service 1,750,900 1,750,900
<br />Economic development 1,315,555 1,315,555
<br />Housing and redevelopment 8,537,701 8,537,701
<br />Recreation/community programs 140,583 140,583
<br />Law enforcement programs 89,033 89,033
<br />Tax increment 5,003,162 - 5,003,162
<br />Unrestricted 13,832,461 35,953,541 49,786,002
<br />Total net position 74,327,101 87,913,135 $ 162,240,236
<br />Total liabilities, deferred inflows of resources and net position $ 117,822,125 $ 88,729,441 $ 206,551,566
<br />See notes to basic financial statements
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