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Note 5. LONG -TERM OBLIGATIONS <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1993 <br />Land <br />Buildings and <br />improvements <br />Other improvements <br />Office equipment <br />Motor vehicles <br />Machinery and <br />equipment <br />CITY OF RAMSEY, MINNESOTA <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 />Balance <br />1/1/93 <br />$ 354,353 $ <br />1,117,711 <br />611,799 <br />458,363 <br />977,880 <br />472,559 <br />$ 3,992,665 <br />B. Enterprise Fund Fixed Assets <br />Enterprise Fund fixed assets at December 31, 1993, were as follows: <br />Buildings and improvements $ 748,631 <br />Machinery and equipment 216,876 <br />Water and sewer lines 6,845,991 <br />Other improvements 33,368 <br />7,844,866 <br />Less accumulated depreciation 695,871 <br />Net Property and Equipment $ 7,148,995 <br />A. Components of Long -Term Debt <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 />Balance <br />Additions Deletions 12/31/93 <br />34 $ - $ 354,387 <br />2,860 2,500 1,118,071 <br />- - 611,799 <br />10,333 1,362 467,334 <br />67,780 27,873 1,017,787 <br />24,428 - 496,987 <br />105,435 $ 31,735 $ 4,066,365 <br />