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CITY OF RAMSEY
<br />Balance Sheet
<br />Governmental Funds
<br />December 31, 2023
<br />Special Revenue Funds
<br />COR Private
<br />General Tax Increment Land Developer
<br />Assets
<br />Cash and temporary investments $ 12,382,617 $ 7,300,036 $ 1,332,325 $ 2,556,174
<br />Receivables
<br />Unremitted taxes 201,156
<br />Delinquent taxes 200,932 229,616
<br />Unremitted special assessments — —
<br />Delinquent special assessments —
<br />Deferred special assessments 29,870
<br />Accounts 43,947 42,943
<br />Interest 451,108 —
<br />Leases 810,769
<br />Due from other governmental units 11,697
<br />Due from other funds
<br />Prepaids 28,616 —
<br />Land held for resale — 7,010,978
<br />Total assets $ 13,959,556 $ 7,730,808 $ 8,343,303 $ 2,599,117
<br />Liabilities
<br />Accounts and contracts payable $ 157,931 $ 545,800 $ $ 2,146
<br />Salaries and benefits payable 389,062
<br />Deposits payable 67,792 — 2,596,971
<br />Due to other governmental units 37,285 200,380 —
<br />Due to other funds — 25,000
<br />Advances from other funds —
<br />Unearned revenue
<br />Total liabilities 652,070 771,180 2,599,117
<br />Deferred inflows of resources
<br />Leases receivable for subsequent years
<br />Unavailable revenue - MSA allocation
<br />Unavailable revenue - property taxes
<br />Unavailable revenue - special assessments
<br />Total deferred inflows of resources
<br />810,769
<br />200,932 229,616
<br />29,870 —
<br />1,041,571 229,616
<br />Fund balances
<br />Nonspendable 28,616 — —
<br />Restricted — 6,730,012 7,010,978
<br />Committed —
<br />Assigned 1,332,325
<br />Unassigned 12,237,299 —
<br />Total fund balances 12,265,915 6,730,012 8,343,303
<br />Total liabilities, deferred inflows of
<br />resources, and fund balances $ 13,959,556 $ 7,730,808 $ 8,343,303 $ 2,599,117
<br />See notes to basic financial statements
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