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ASSETS
<br />CITY OF RAMSEY, MINNESOTA Exhibit F -1
<br />ENTERPRISE FUNDS
<br />COMBINING BALANCE SHEET
<br />As of December 31, 1995
<br />(With Comparative Totals as of December 31, 1994)
<br />Totals
<br />Water Sewer Street Recycling
<br />Utility Utility Light Utility 1995 1994
<br />Current Assets:
<br />Cash and investments $2,190,565 $ 732,613 $ 41,296 $ 782 $ 2,965,256 $1,702,703
<br />Accounts receivable 201,481 122,555 5,624 13,924 343,584 110,486
<br />Due from other governmental units 136 12,199 12,335
<br />Inventories, water meters 1,348 - 1,348 82,450
<br />Other assets - 11,155 11,155 9,786
<br />Total Current Assets 2,393,394 866,459 46,920 26,905 3,333,678 1,905,425
<br />Property and Equipment, at Cost:
<br />Buildings and structures 748,631 - - 748,631 748,631
<br />Machinery and equipment 34,452 199,028 233,480 221,214
<br />Water and sewer lines 4,283,194 6,169,376 10,452,570 7,399,509
<br />Improvements other than buildings - - 112,375 112,375 45,693
<br />5,066,277 6,368,404 112,375 11,547,056 8,415,047
<br />Less accumulated depreciation 569,448 525,533 10,435 1,105,416 870,968
<br />Net Property and Equipment 4,496,829 5,842,871 101,940 10,441,640 7,544,079
<br />Total Assets $6,890,223 $6,709,330 $ 148,860 $ 26,905 $ 13,775,318 $9,449,504
<br />LIABILITIES AND FUND EQUITY
<br />Liabilities:
<br />Accounts payable $ 7,603 $ 3,349 $ 1,121 $ 7,315 $ 19,388 $ 2,220
<br />Due to other governmental units 877 77,350 78,227 15,221
<br />Deposits payable, water meters - - 102,573
<br />Deferred revenue 17,404 17,404 19,168
<br />Total Liabilities 8,480 80,699 18,525 7,315 115,019 139,182
<br />Fund Equity:
<br />Contributed capital 5,031,825 6,360,031 80,868 11,472,724 8,384,488
<br />Contributed capital reserved for future
<br />construction 1,741,449 483,459 - 2,224,908 1,094,202
<br />Total Contributed Capital 6,773,274 6,843,490 80,868 13,697,632 9,478,690
<br />Retained earnings (deficit)
<br />Unreserved 108,469 (214,859) 49,467 19,590 (37,333) (168,368)
<br />Total Fund Equity 6,881,743 6,628,631 130,335 19,590 13,660,299 9,310,322
<br />Total Liabilities and Fund Equity $6,890,223 $6,709,330 $ 148,860 $ 26,905 $ 13,775,318 $9,449,504
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