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CITY OF RAMSEY
<br />Statement of Net Position
<br />December 31, 2018
<br />Governmental Business -Type
<br />Activities Activities
<br />Total
<br />Assets
<br />Cash and temporary investments $ 34,592,709 $ 40,801,441 $ 75,394,150
<br />Receivables
<br />Unremitted taxes 117,494 117,494
<br />Delinquent taxes 97,040 97,040
<br />Unremitted special assessments 1,793 - 1,793
<br />Delinquent special assessments 1,033 10,632 11,665
<br />Deferred special assessments 2,103,035 242,772 2,345,807
<br />Accounts 30,940 1,561,521 1,592,461
<br />Notes 100,000 - 100,000
<br />Interest 341,243 - 341,243
<br />Internal balances (862,882) 862,882 -
<br />Due from other governmental units 901,039 41,055 942,094
<br />Prepaids 22,540 65,059 87,599
<br />Land held for resale 9,611,962 - 9,611,962
<br />Capital assets
<br />Land 6,848,022 868,513 7,716,535
<br />Construction in progress 2,224,390 30,731 2,255,121
<br />Buildings and structures 29,291,844 6,058,847 35,350,691
<br />Improvements other than buildings 11,632,254 17,089,778 28,722,032
<br />Office equipment 675,058 - 675,058
<br />Motor vehicles 3,776,621 - 3,776,621
<br />Machinery and equipment 7,042,354 1,101,645 8,143,999
<br />Infrastructure 39,356,498 - 39,356,498
<br />Water and server lines - 51,003,308 51,003,308
<br />Less accumulated depreciation (33,165,906) (22,499,484) (55,665,390)
<br />Total capital assets, net of depreciation 67,681,135 53,653,338 121,334,473
<br />Total assets 114,739,081 97,238,700 211,977,781
<br />Deferred outflows of resources
<br />OPEB plan deferments
<br />Pension plan deferments
<br />Total deferred outflows of resources
<br />Total assets and deferred outflows of resources
<br />20,955 20,955
<br />3,842,824 177,917 4,020,741
<br />3,863,779 177,917 4,041,696
<br />$ 118,602,860 $ 97,416,617 $ 216,019,477
<br />Liabilities
<br />Accounts and contracts payable $ 468,174 $ 24,069 $ 492,243
<br />Salaries and benefits payable 183,108 - 183,108
<br />Accrued interest payable 68,509 - 68,509
<br />Due to other governmental units 21,266 33,022 54,288
<br />Unearned revenue - 42,634 42,634
<br />Lone -term liabilities
<br />Due within one year 2,868,658 - 2,868,658
<br />Due in more than one year 29,536,150 543,043 30,079,193
<br />Total lone -term liabilities 32,404,808 543,043 32,947,851
<br />Total liabilities 33,145,865 642,768 33,788,633
<br />Deferred inflows of resources
<br />Pension plan deferments 5,303,755 96,219 5,399,974
<br />Net Position
<br />Net investment in capital assets 43,551,135 53,653,338 97,204,473
<br />Restricted for
<br />Capital improvements 1,644,038 1,644,038
<br />Debt service 4,181,372 4,181,372
<br />Economic development 1,273,753 1,273,753
<br />Housing and redevelopment 8,629,937 8,629,937
<br />Recreationicommunity programs 245,434 245,434
<br />Law enforcement programs 113,663 113,663
<br />Tax increment 4,847,019 - 4,847,019
<br />Unrestricted 15,666,889 43,024,292 58,691,181
<br />Total net position 80,153,240 96,677,630 176,830,870
<br />Total liabilities, deferred inflows of resources and net position $ 118,602,860 $ 97,416,617 $ 216,019,477
<br />See notes to basic financial statements
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