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CITY OF RAMSEY
<br />Statement of Net Position
<br />December 31, 2012
<br />Governmental Business -Type
<br />Activities Activities
<br />Assets
<br />Cash and temporary investments $ 24,805,201
<br />Receivables
<br />Unremitted taxes 64,408
<br />Delinquent taxes 454,736
<br />Delinquent special assessments 16,702
<br />Deferred special assessments 1,118,876
<br />Accounts 64,335
<br />Interest 173,492
<br />Internal balances (6,090,392)
<br />Due from other governmental units 48,544
<br />Prepaids 4,042
<br />Land held for resale 13,029,517
<br />Restricted assets - temporarily restricted
<br />Cash and investments for debt service
<br />Total
<br />$ 19,894,189 $ 44,699,390
<br />4,622
<br />297,774
<br />1,211,78;
<br />6,090,392
<br />48,696
<br />64,408
<br />454,736
<br />51,324
<br />1,416,650
<br />1,276,118
<br />17?,492
<br />48,544
<br />52,738
<br />13,029,517
<br />3,819,095 3,819,095
<br />Capital assets
<br />Land 6,772,024 868,51; 7,640,537
<br />Construction in progress 5,083,805 373,055 5,456,860
<br />Buildings and structures 25,748,275 6,058,847 31,807,122
<br />Improvements other than buildings 7,338,905 11,596,024 18,934,929
<br />Office equipment 683,468 - 683,468
<br />Motor vehicles 3,804,697 - 3,804,697
<br />Machinery and equipment 4,712,77; 540,275 5,253,048
<br />Infrastructure 27,640,699 27,640,699
<br />Water and sewer lines 45,346,485 45,346,485
<br />Less accumulated depreciation (17,145,824) (13,939,331) (31,085,155)
<br />Total capital assets, net of depreciation 64,638,822 50,843,868 115,482,690
<br />Total assets
<br />$ 102,147,378 $ 78,421,324 $ 180,568,702
<br />Liabilities
<br />Accounts and contracts payable $ 461,26; $ 64,090 $ 525,35;
<br />Salaries and benefits payable 233,172 - 233,172
<br />Accrued interest payable 100,133 - 100,133
<br />Due to other governmental units 37,571 26,274 63,845
<br />Unearned revenue - 360 360
<br />Long -terns liabilities
<br />Due within one year 1,809,614 1,809,614
<br />Due in more than one year 35,575,972 35,575,972
<br />Total long -terns liabilities 37,385,586 37,385,586
<br />Total liabilities 38,217,725 90,724 38,308,449
<br />Net Position
<br />Net investment in capital assets
<br />Restricted for
<br />Capital improvements
<br />Debt service
<br />Economic development
<br />Housing redevelopment
<br />Lawful gambling
<br />Public safety
<br />Solid waste management
<br />Tax increment
<br />41,998,822
<br />828,049
<br />2,465,739
<br />1,366,641
<br />8,272,00;
<br />162,477
<br />65,451
<br />166,785
<br />1,304,861
<br />50,843,868 92,842,690
<br />828,049
<br />2,465,739
<br />1,366,641
<br />8,272,00;
<br />162,477
<br />65,451
<br />166,785
<br />1,304,861
<br />Unrestricted 7,298,825 27,486,732 34,785,557
<br />Total net position 63,929,653 78,330,600 142,260,253
<br />Total liabilities and net position
<br />See notes to basic financial statements
<br />$ 102,147,378 $ 78,421,324 $ 180,568,702
<br />39
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