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CITY OF RAMSEY
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2017
<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 $ 20,651,238 $ 11,578,115 $ 1,163,168
<br />Receivables
<br />Delinquent special assessments 7,742 7,742
<br />Deferred special assessments 110,134 130,004 -
<br />Accounts 418,985 465,227 64,546
<br />Due from other governmental units - -
<br />Prepaids - 63,101 -
<br />Total current assets 21,188,099 12,244,189 1,227,714
<br />Noncurrent assets
<br />Advances to other Funds 1,089,192 1,298,744
<br />Capital assets
<br />Land 868,513 -
<br />Construction in progress 413,011 620,089
<br />Buildings and structures 6,058,847
<br />Improvements other than buildings 572,502 92,057 1,135,881
<br />Machinery and equipment 133,568 481,015 -
<br />Water and sewer lines 27,042,718 23,054,400 -
<br />35,089,159 24,247,561 1,135,881
<br />Less accumulated depreciation 9,670,239 7,686,227 545,991
<br />Net capital assets 25,418,920 16,561,334 589,890
<br />Total noncurrent assets 26,508,112 17,860,078 589,890
<br />Total assets 47,696,211 30,104,267 1,817,604
<br />Deferred Outflows of Resources
<br />Pension plan deferments 107,518 46,827
<br />Total assets and deferred outflows of resources $ 47,803,729 $ 30,151,094 $ 1,817,604
<br />Liabilities
<br />Current liabilities
<br />Accounts and contracts payable $ 183,638 $ 280,230 $ 2,673
<br />Due to other governmental units 23,125 24,602 120
<br />Unearned revenue - 19,870 12,446
<br />Total current liabilities 206,763 324,702 15,239
<br />Non -Current liabilities
<br />Net pension liability 302,655 132,222
<br />Total liabilities 509,418 456,924 15,239
<br />Deferred Inflows of Resources
<br />Pension plan deferments 39,760 17,470
<br />Net Position
<br />Investment in capital assets 25,418,920 16,561,334 589,890
<br />Unrestricted 21,835,631 13,115,366 1,212,475
<br />Total net position 47,254,551 29,676,700 1,802,365
<br />Total liabilities, deferred inflows of resources and
<br />net position $ 47,803,729 $ 30,151,094 $ 1,817,604
<br />See notes to basic financial statements
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