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ASSETS <br />Current Assets: <br />Cash and investments $ 1,266,206 $ 563,145 <br />Accounts receivable 50,450 38,009 <br />Inventories, water meters 82,450 57.037 <br />Total Current Assets 1.399.106 658.191 <br />Property and Equipment, at Cost: <br />Buildings and structures 748,631 748,631 <br />Machinery and equipment 26,657 22,319 <br />Water lines 3.256.117 2.916.852 <br />4,031,405 3,687,802 <br />Less accumulated depreciation 470.266 385.687 <br />Net Property and Equipment 3.561.139 3.302.115 <br />Total Assets $ 4.960.245 $ 3.960.306 <br />LIABILITIES AND FUND EQUITY <br />CITY OF RAMSEY, MINNESOTA Exhibit F-4 <br />WATER UTILITY FUND <br />COMPARATIVE BALANCE SHEET <br />As of December 31, 1994 and 1993 <br />1994 1993 <br />Liabilities: <br />Accounts payable $ 1,472 $ 10,960 <br />Due to other governmental units 2,871 2,961 <br />Deposits payable, water meters 102.573 80.343 <br />Total Liabilities 106.916 94.264 <br />Fund Equity: <br />Contributed capital 4,004,748 3,665,482 <br />Contributed capital reserved for future construction 857.994 239.897 <br />Total Contributed Capital 4,862,742 3,905,379 <br />Retained earnings (deficit) <br />Unreserved (9.413) (39.337) <br />Total Fund Equity 4.853.329 3.866.042 <br />Total Liabilities and Fund Equity $ 4.960.245 $ 3.960.306 <br />