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CITY OF RAMSEY
<br />Statement of Net Position
<br />December 31, 2017
<br />Governmental Business -Type
<br />Activities Activities
<br />Total
<br />Assets
<br />Cash and temporary investments $ 33,220,092 $ 35,138,407 $ 68,358,499
<br />Receivables
<br />Umemitted taxes 20,003 20,003
<br />Delinquent taxes 129,274 129,274
<br />Umemitted special assessments 1,084 - 1,084
<br />Delinquent special assessments 3,588 15,484 19,072
<br />Deferred special assessments 1,884,620 240,138 2,124,758
<br />Accounts 99,520 1,494,222 1,593,742
<br />Notes 11,695 - 11,695
<br />Interest 232,504 - 232,504
<br />Internal balances (2,387,936) 2,387,936 -
<br />Due from other governmental units 96,967 23,331 120,298
<br />Prepaids 13,313 63,101 76,414
<br />Land held for resale 10,446,275 - 10,446,275
<br />Capital assets
<br />Land 6,848,022 868,513 7,716,535
<br />Construction in progress 1,615,891 1,214,149 2,830,040
<br />Buildings and structures 29,402,849 6,058,847 35,461,696
<br />Improvements other than buildings 11,089,703 15,744,605 26,834,308
<br />Office equipment 668,396 - 668,396
<br />Motor vehicles 3,968,685 - 3,968,685
<br />Machinery and equipment 6,635,538 834,318 7,469,856
<br />Infrastructure 36,965,046 - 36,965,046
<br />Water and sewer lines 50,097,118 50,097,118
<br />Less accumulated depreciation (30,279,339) (20,962,265) (51,241,604)
<br />Total capital assets, net of depreciation 66,914,791 53,855,285 120,770,076
<br />Total assets 110,685,790 93,217,904 203,903,694
<br />Deferred outflows of resources
<br />Pension plan deferments 5,165,609 203,009 5,368,618
<br />Total assets and deferred outflows of resources $ 115,851,399 $ 93,420,913 $ 209,272,312
<br />Liabilities
<br />Accounts and contracts payable $ 367,537 $ 518,069 $ 885,606
<br />Salaries and benefits payable 143,727 - 143,727
<br />Accrued interest payable 73,096 - 73,096
<br />Due to other govemmental units 11,290 47,847 59,137
<br />Unearned revenue - 32,316 32,316
<br />Long-term liabilities
<br />Due within one year 2,650,681 - 2,650,681
<br />Due in more than one year 31,749,672 581,651 32,331,323
<br />Total long-term liabilities 34,400,353 581,651 34,982,004
<br />Total liabilities 34,996,003 1,179,883 36,175,886
<br />Deferred inflows of resources
<br />Pension plan deferments 5,486,996 78,894 5,565,890
<br />Net Position
<br />Net investment in capital assets 42,129,791 53,855,285 95,985,076
<br />Restricted for
<br />Capital improvements 1,057,892 1,057,892
<br />Debt service 3,905,885 3,905,885
<br />Economic development 1,202,042 1,202,042
<br />Housing and redevelopment 8,629,937 8,629,937
<br />Recreation/community programs 185,086 185,086
<br />Law enforcement programs 59,810 59,810
<br />Tax increment 4,638,782 - 4,638,782
<br />Unrestricted 13,559,175 38,306,851 51,866,026
<br />Total net position 75,368,400 92,162,136 167,530,536
<br />Total liabilities, deferred inflows of resources and net position $ 115,851,399 $ 93,420,913 $ 209,272,312
<br />See notes to basic fmancial statements
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