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CITY OF RAMSEY
<br />Statement of Net Position
<br />December 31, 2020
<br />Governmental Business -Type
<br />Activities Activities
<br />Total
<br />Assets
<br />Cash and temporary investments $ 55,755,985 $ 42,662,308 $ 98,418,293
<br />Receivables
<br />Unremitted taxes 366,613 366,613
<br />Delinquent taxes 181,791 181,791
<br />Unremitted special assessments 4,688 4,688
<br />Delinquent special assessments 2,836 18,443 21,279
<br />Deferred special assessments 1,264,769 214,256 1,479,025
<br />Accounts 470,728 1,487,600 1,958,328
<br />Interest 240,098 240,098
<br />Internal balances (789,473) 789,473
<br />Due from other governmental units 22,338 24,964 47,302
<br />Prepaids 17,144 70,748 87,892
<br />Land held for resale 8,603,028 8,603,028
<br />Capital assets
<br />Not depreciated 14,002,341 1,506,096 15,508,437
<br />Depreciated 57,273,115 54,660,825 111,933,940
<br />Total capital assets, net of depreciation 71,275,456 56,166,921 127,442,377
<br />Total assets 137,416,001 101,434,713 238,850,714
<br />Deferred outflows of resources
<br />OPEB plan deferments 65,284 65,284
<br />Pension plan deferments 2,118,987 62,276 2,181,263
<br />Total deferred outflows of resources 2,184,271 62,276 2,246,547
<br />Total assets and deferred outflows of resources $ 139,600,272 $ 101,496,989 $ 241,097,261
<br />Liabilities
<br />Accounts and contracts payable $ 2,140,470 $ 119,850 $ 2,260,320
<br />Salaries and benefits payable 302,216 302,216
<br />Accrued interest payable 29,861 29,861
<br />Deposits payable 3,940,242 3,940,242
<br />Due to other governmental units 5,003 57,459 62,462
<br />Unearned revenue 49,396 49,396
<br />Long-term liabilities
<br />Due within one year 2,641,011 2,641,011
<br />Due in more than one year 33,858,308 509,015 34,367,323
<br />Total long-term liabilities 36,499,319 509,015 37,008,334
<br />Total liabilities 42,917,111 735,720 43,652,831
<br />Deferred inflows of resources
<br />OPEB plan deferments 365,833 365,833
<br />Pension plan deferments 2,103,893 25,835 2,129,728
<br />Total deferred inflows of resources 2,469,726 25,835 2,495,561
<br />Net Position
<br />Net investment in capital assets 52,756,077 56,166,921 108,922,998
<br />Restricted for
<br />Road improvements 1,932,311 1,932,311
<br />Debt service 1,747,835 1,747,835
<br />Economic development 1,443,838 1,443,838
<br />Housing and redevelopment 8,148,079 8,148,079
<br />Recreation/community programs 322,320 322,320
<br />Law enforcement programs 47,346 47,346
<br />Tax increment 5,315,977 5,315,977
<br />Unrestricted 22,499,652 44,568,513 67,068,165
<br />Total net position 94,213,435 100,735,434 194,948,869
<br />Total liabilities, deferred inflows of resources and net position $ 139,600,272 $ 101,496,989 $ 241,097,261
<br />See notes to basic financial statements
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