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CITY OF RAMSEY
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2019
<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 $ 26,487,081 $ 14,502,023 $ 1,351,012
<br />Receivables
<br />Delinquent special assessments 5,716 8,423 -
<br />Deferred special assessments 112,419 128,315 -
<br />Accounts 437,855 492,919 67,049
<br />Due from other governmental units - -
<br />Prepaids 650 71,133
<br />Total current assets 27,043,721 15,202,813 1,418,061
<br />Noncurrent assets
<br />Advances to other Funds 599,066 227,475
<br />Capital assets
<br />Land 868,513
<br />Construction in progress -
<br />Buildings and structures 6,058,847
<br />Improvements other than buildings -
<br />Machinery and equipment 163,797 496,980
<br />Water and sewer lines 29,495,434 24,931,423
<br />Less accumulated depreciation
<br />Net capital assets
<br />Total noncurrent assets
<br />Total assets
<br />Deferred Outflows of Resources
<br />Pension plan deferments
<br />1,135,881
<br />36,586,591 25,428,403 1,135,881
<br />11,043,354 8,716,586 626,124
<br />25,543,237 16,711,817 509,757
<br />26,142,303
<br />53,186,024
<br />16,939,292 509,757
<br />32,142,105 1,927,818
<br />72,846 27,842
<br />Total assets and deferred outflows of resources $ 53,258,870 $ 32,169,947 $ 1,927,818
<br />Liabilities
<br />Current liabilities
<br />Accounts and contracts payable $ 3,834 $ 7,254 $ 2,579
<br />Due to other governmental units 25,724 4,920 58
<br />Unearned revenue - 35,612 2,940
<br />Total current liabilities 29,558 47,786 5,577
<br />Non -Current liabilities
<br />Net pension liability
<br />285,303 123,579
<br />Total liabilities 314,861 171,365 5,577
<br />Deferred Inflows of Resources
<br />Pension plan deferments
<br />30,763 11,758
<br />Net Position
<br />Investment in capital assets 25,543,237 16,711,817 509,757
<br />Unrestricted 27,370,009 15,275,007 1,412,484
<br />Total net position 52,913,246 31,986,824 1,922,241
<br />Total liabilities, deferred inflows of resources and
<br />net position $ 53,258,870 $ 32,169,947 $ 1,927,818
<br />See notes to basic financial statements
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