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ASSETS
<br />Current Assets:
<br />Cash and temporary cash investments $ 264,027 $ 258,012
<br />Accounts receivable 33,802 20,145
<br />Inventories, water meters 30,799 27,258
<br />Other assets - 1,464
<br />Total Current Assets 328,628 306,879
<br />Property and Equipment, at Cost:
<br />Buildings and structures
<br />Machinery and equipment
<br />Water and sewer lines
<br />Less accumulated depreciation
<br />Net Property and Equipment
<br />Total Assets $ 4,323,479 $ 4,266,290
<br />LIABILITIES AND FUND EQUITY
<br />Liabilities:
<br />Accounts payable $ 6,586 $ 7,632
<br />Salaries payable 975 496
<br />Deposits payable, water meters 35,766 32,916
<br />Total Liabilities 43,327 41,044
<br />Fund Equity:
<br />Contributed capital
<br />Retained earnings (deficit)
<br />Reserved for future construction
<br />Unreserved
<br />Total Retained Earnings (Deficit)
<br />Total Fund Equity
<br />CITY OF RAMSEY, MINNESOTA Exhibit F -1
<br />SEWER AND WATER FUND
<br />COMPARATIVE BALANCE SHEET
<br />As of December 31, 1991 and 1990
<br />1991 1990
<br />748,631 748,631
<br />216,876 164,430
<br />3.436.827 3.357.050
<br />4,402,334 4,270,111
<br />407,483 310,700
<br />3.994,851 3,959,411
<br />4,376,111 4,244,566
<br />233,458 233,458
<br />(329,417) (252,778)
<br />(95.959) (19, 320)
<br />4,280,152 4,225.246
<br />Total Liabilities and Fund Equity $ 4,323,479 $ 4,266,290
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