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CITY OF RAMSEY
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2016
<br />Business -Type Activities - Enterprise Funds
<br />Street Light
<br />Water Utility Sewer Utility Utility
<br />Assets
<br />Current assets
<br />Cash and temporary investments $ 18,470,981 $ 10,803,291 $ 1,111,803
<br />Receivables
<br />Delinquent special assessments 6,943 6,943
<br />Deferred special assessments 88,360 88,360 -
<br />Accounts 411,508 441,815 63,202
<br />Due from other governmental units - -
<br />Prepaids - 62,967 -
<br />Total current assets 18,977,792 11,403,376 1,175,005
<br />Noncurrent assets
<br />Advances to other Funds 1,365,626 1,588,063
<br />Capital assets
<br />Land 868,513 -
<br />Construction in progress 155,233 118,033
<br />Buildings and structures 6,058,847 -
<br />Improvements other than buildings 430,070 92,057 1,101,960
<br />Machinery and equipment 133,568 481,015 -
<br />Water and sewer lines 26,160,818 22,477,062 -
<br />33,807,049 23,168,167 1,101,960
<br />Less accumulated depreciation 8,988,480 7,186,645 505,437
<br />Net capital assets 24,818,569 15,981,522 596,523
<br />Total noncurrent assets 26,184,195 17,569,585 596,523
<br />Total assets 45,161,987 28,972,961 1,771,528
<br />Deferred Outflows of Resources
<br />Pension plan deferments 138,089 60,414
<br />Total assets and deferred outflows of resources $ 45,300,076 $ 29,033,375 $ 1,771,528
<br />Liabilities
<br />Current liabilities
<br />Accounts and contracts payable $ 10,163 $ 867 $ 31
<br />Due to other governmental units 20,704 72,247 117
<br />Unearned revenue - - 11,074
<br />Total current liabilities 30,867 73,114 11,222
<br />Non -Current liabilities
<br />Net pension liability 329,977 144,365
<br />Total liabilities 360,844 217,479 11,222
<br />Deferred Inflows of Resources
<br />Pension plan deferments 29,060 12,715
<br />Net Position
<br />Investment in capital assets 24,818,569 15,981,522 596,523
<br />Unrestricted 20,091,603 12,821,659 1,163,783
<br />Total net position 44,910,172 28,803,181 1,760,306
<br />Total liabilities, deferred inflows of resources and
<br />net position $ 45,300,076 $ 29,033,375 $ 1,771,528
<br />See notes to basic fmancial statements
<br />52
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