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CITY OF RAMSEY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1991 <br />Note 4. CHANGES IN FIXED ASSETS <br />A. Changes in General Fixed Assets <br />Changes in the General Fixed Assets Account Group were as follows: <br />B. Water and Sewer Enterprise Fund Fixed Assets <br />Buildings and improvements $ 748,631 <br />Machinery and equipment 216,876 <br />Water and sewer lines 3,436,827 <br />4,402,334 <br />Less accumulated depreciation 407,483 <br />Net Property and Equipment $ 3,994,851 <br />Note 5. LONG -TERM OBLIGATIONS <br />A. Components of Long -'term Debt <br />Balance Balance <br />1/1/91 Additions Deletions 12/31/91 <br />Land $ 354,353 $ - $ $ 354,353 <br />Buildings and <br />improvements 1,102,390 - - 1,102,390 <br />Other improvements 611,799 - - 611,799 <br />Office equipment 444,657 5,686 - 450,343 <br />Motor vehicles 938,805 32,487 (23,419) 947,873 <br />Machinery and <br />equipment 408,496 37,380 (2,434) 443,442 <br />3,860,500 $ 75,553 $ (25,853) $ 3,910,200 <br />Water and Sewer Enterprise Fund fixed assets at December 31, 1991, were as <br />follows: <br />Debt service expenditures for the long -term portion of compensated absences <br />and the land mortgage payable are recorded in the General Fund. All other <br />long -term debt obligations are supported by ad valorem property taxes, tax <br />increments and special assessments and are accounted for in the Debt Service <br />Funds. <br />