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ASSETS
<br />Total Assets
<br />LIABILITIES AND FUND EQUITY
<br />CITY OF RAMSEY, MINNESOTA Exhibit F -1
<br />ENTERPRISE FUNDS
<br />COMBINING BALANCE SHEET
<br />As of December 31, 1994
<br />(With Comparative Totals as of December 31, 1993)
<br />Totals
<br />Water Sewer Street
<br />Utility Utility Light 1994 1993
<br />Current Assets:
<br />Cash and investments $ 1,266,206 $ 398,805 $ 37,692 $ 1,702,703 $ 770,668
<br />Accounts receivable 50,450 55,484 4,552 110,486 89,086
<br />Inventories, water meters 82,450 -- -- 82,450 57,037
<br />Other assets -- 9.786 9.786 5.481
<br />Total Current Assets 1.399,106 464.075 42.244 1,905.425 922,272
<br />Property and Equipment, at Cost:
<br />Buildings and structures 748,631 — 748,631 748,631
<br />Machinery and equipment 26,657 194,557 221,214 216,876
<br />Water and sewer lines 3,256,117 4,143,392 7,399,509 6,845,991
<br />Improvements other than buildings — -- 45.693 45.693 33,368
<br />4,031,405 4,337,949 45,693 8,415,047 7,844,866
<br />Less accumulated depreciation 470,266 395.885 4.817 870.968 695.871
<br />Net Property and Equipment 3.561.139 3.942.064 40.876 7.544.079 7.148.995
<br />$ 4.960.245 $ 4.406.139 $ 83.1 0 $ 9.449.504 $ 8.071.267
<br />Liabilities:
<br />Accounts payable $ 1,472 $ 21 $ 727 $ 2,220 $ 11,597
<br />Due to other governmental units 2,871 12,350 15,221 69,395
<br />Deposits payable, water meters 102,573 — — 102,573 80,343
<br />Deferred revenue — — 19.168 19.168 22.167
<br />Total Liabilities 106.916 12.371 19.895 139,182 181502
<br />Fund Equity:
<br />Contributed capital 4,004,748 4,334,047 51,361 8,390,156 7,829,192
<br />Contributed capital reserved for future
<br />construction 857.994 236.208 — 1.094.202 271.976
<br />Total Contributed Capital 4,862,742 4,570,255 51,361 9,484,358 8,101,168
<br />Retained earnings (deficit)
<br />Unreserved (9.413) (176.487) 11.864 (174.036) (213.403)
<br />Total Fund Equity 4,853329 4.393.768 63.225 9.310,322 7.887.765
<br />Total Liabilities and Fund Equity $ 4,960,245 $ 4,406.139 $ 83.120 $ 9,449,504 $ 8.071.267
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