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ASSETS
<br />CITY OF RAMSEY, MINNESOTA Exhibit B -1
<br />GENERAL FUND
<br />COMPARATIVE BALANCE SHEET
<br />As of December 31, 1995 and 1994
<br />1995 1994
<br />Cash and investments $ 2,046,496 $ 2,024,193
<br />Receivables:
<br />Taxes -
<br />Unremitted 29,409 22,080
<br />Delinquent 27,857 29,501
<br />Accounts 54,558 54,890
<br />Allowance for doubtful accounts (51,306) (52,431)
<br />Accrued interest 23,427 10,916
<br />Due from other funds 218,463 80,180
<br />Due from other governmental units 21,657 3,477
<br />Other assets 16,053 2,635
<br />Total Assets $ 2,386,614 $ 2,175,441
<br />LIABILITIES AND FUND BALANCE
<br />Liabilities:
<br />Accounts and contracts payable $ 51,758 $ 35,423
<br />Salaries and compensated absences payable 36,018 48,417
<br />Due to other funds 290,557 310,000
<br />Due to other governmental units 2,276 3,155
<br />Deferred revenue 27,856 29,501
<br />Total Liabilities 408,465 426,496
<br />Fund Balance:
<br />Reserved for prepaid items 15,371 2,635
<br />Unreserved -
<br />Designated for compensated absences 163,770 154,782
<br />Designated for working capital 1,496,612 1,325,333
<br />Undesignated 302,396 266,195
<br />Total Fund Balance 1,978,149 1,748,945
<br />Total Liabilities and Fund Balance $ 2,386,614 $ 2,175,441
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