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ASSETS
<br />Current Assets:
<br />Cash and investments
<br />Accounts receivable
<br />Inventories, water meters
<br />Other assets
<br />Total Current Assets
<br />Total Assets
<br />LIABILITIES AND FUND EQUITY
<br />Liabilities:
<br />Accounts payable
<br />Due to other governmental units
<br />Deposits payable, water meters
<br />Deferred revenue
<br />Total Liabilities
<br />CITY OF RAMSEY, MINNESOTA Exhibit F -1
<br />ENTERPRISE FUNDS
<br />COMBINING BALANCE SHEET
<br />As of December 31, 1993
<br />(With Comparative Totals as of December 31, 1992)
<br />Sewer Street
<br />And Water light
<br />Totals
<br />1993 1992
<br />$ 736,878 $ 33,790 $ 770,668 $ 365,015
<br />87,041 2,045 89,086 54,259
<br />57,037 - 57,037 38,804
<br />5,481 - 5,481 -
<br />886,437 35,835 922,272 458,078
<br />Property and Equipment, at Cost:
<br />Buildings and structures 748,631 - 748,631 748,631
<br />Machinery and equipment 216,876 - 216,876 216,876
<br />Water and sewer lines 6,845,991 - 6,845,991 4,758,052
<br />Improvements other than buildings - 33,368 33,368 20,130
<br />7,811,498 33,368 7,844,866 5,743,689
<br />Less accumulated depreciation 693,339 2,532 695,871 531,777
<br />Net Property and Equipment 7,118,159 30,836 7,148,995 5,211,912
<br />$ 8,004,596 $ 66,671 $ 8,071,267 $ 5,669,990
<br />$ 10,960 $ 637 $ 11,597 $ 10,345
<br />69,395 - 69,395 14,405
<br />80,343 - 80,343 48,402
<br />- 22,167 22,167
<br />160,698 22,804 183,502 73,152
<br />Fund Equity:
<br />Contributed capital 7,785,276 43,916 7,829,192 5,727,218
<br />Contributed capital reserved for future
<br />construction 271,976 - 271,976 39,874
<br />Total Contributed Capital 8,057,252 43,916 8,101,168 5,767,092
<br />Retained earnings (deficit)
<br />Unreserved (213.354) (49) (213,403) (170,254)
<br />Total Fund Equity 7,843,898 43,867 7,887,765 5,596,838
<br />Total Liabilities and Fund Equity $ 8,004,596 $ 66,671 $ 8,071,267 $ 5,669,990
<br />-70-
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