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CITY OF RAMSEY
<br />Statement of Net Position
<br />December 31, 2013
<br />Governmental Business -Type
<br />Activities Activities
<br />Total
<br />Assets
<br />Cash and temporary investments $ 26,740,790 $ 21, 340,617 $ 48,081,407
<br />Receivables
<br />Unremitted taxes 118,460 118,460
<br />Delinquent taxes 385,367 385,367
<br />Unremitted special assessments 4,195 4,195
<br />Delinquent special assessments 13,571 29,992 43,563
<br />Deferred special assessments 880,878 307,019 1,187,897
<br />Accounts 108,95E 1,28 3,217 1,392,175
<br />Notes 31,238 31,238
<br />Interest 175,466 175,466
<br />Internal balances (6,013,949) 6,013,949
<br />Due from other governmental units 515,396 7,853 523,249
<br />Prepaids 51,151 51,968 103,119
<br />Land held for resale 13,029,517 13,029,517
<br />Restricted assets - temporarily restricted
<br />Cash and investments for debt service 3,608,205 3,608,205
<br />Capital assets
<br />Land 6,772,024 868,51; 7,640,5 37
<br />Construction in progress 649,547 649,547
<br />Buildings and structures 25,748,275 6,058,847 31,807,122
<br />Improvements other than buildings 10,898,296 12,958,987 23,857,283
<br />Office equipment 683,468 683,468
<br />Motor vehicles 3,882,172 3,882,172
<br />Machinery and equipment 4,846,E 37 540,275 5,387,112
<br />Infrastructure 28,922, 32S 28,922, 32S
<br />Water and sewer lines 45, 346,485 45, 346,485
<br />Less accumulated depreciation (19,873,691) (15,278,531) (35,152,222)
<br />Total capital assets, net of depreciation 62,529,256 50,494,576 113,023,832
<br />Total assets $ 102,178,499 $ 79,529,191 $ 181,707,690
<br />Liabilities
<br />Accounts and contracts payable $ 275,023 $ 37,492 $ 312,515
<br />Salaries and benefits payable 266,966 266,966
<br />Accrued interest payable 107,484 107,484
<br />Due to other governmental units 86,993 26,217 113,210
<br />Unearned revenue 1,176 1,176
<br />Long-term liabilities
<br />Due within one year
<br />Due in more than one year
<br />Total long-term liabilities
<br />5,007,891
<br />31,823,949
<br />5,007,891
<br />31,823,949
<br />36,831,840 36,831,840
<br />Total liabilities 37,568,306 64,885 ;7,6; 3,191
<br />Net Position
<br />Net investment in capital assets 40,374,256 50,494,576 90,868,832
<br />Restricted for
<br />Capital improvements 1,190,635 1,190,635
<br />Debt service 1,790,632 1,790,632
<br />Economic development 1,364,879 1,364,879
<br />Housing redevelopment 8,238,744 8,238,744
<br />Lawful gambling 154,026 154,026
<br />Public safety 52,396 52,396
<br />Solid waste management 73,099 73,099
<br />Tax increment 3,264,041 3,264,041
<br />Unrestricted
<br />8,107,485 28,969,730 37,077,215
<br />Total net position 64,610,193 79,464, 06 144,074,499
<br />Total liabilities and net position $ 102,178,499 $ 79,529,191 $ 181,707,690
<br />See notes to basic financial statements
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