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Street Light
<br />Water Utility Sewer Utility Utility
<br />Assets
<br />Current assets
<br />Cash and temporary investments 12,176,141$ 7,137,399$ 1,022,082$
<br />Receivables
<br />Delinquent special assessments 14,996 14,996 –
<br />Deferred special assessments 153,510 153,509 –
<br />Accounts and interest 469,850 436,995 60,760
<br />Due from other governmental units – – –
<br />Prepaids – 51,968 –
<br />Total current assets 12,814,497 7,794,867 1,082,842
<br />Noncurrent assets
<br />Advances to other Funds 2,877,178 3,136,771 –
<br />Capital assets
<br />Land 868,513 – –
<br />Buildings and structures 6,058,847 – –
<br />Improvements other than buildings 347,540 20,881 977,303
<br />Machinery and equipment 134,188 378,167 –
<br />Water and sewer lines 24,117,279 21,229,206 –
<br />31,526,367 21,628,254 977,303
<br />Less accumulated depreciation 7,072,943 5,784,605 388,071
<br />Net capital assets 24,453,424 15,843,649 589,232
<br />Total noncurrent assets 27,330,602 18,980,420 589,232
<br />Total assets 40,145,099$ 26,775,287$ 1,672,074$
<br />Current liabilities
<br />Accounts and contracts payable 7,508$ 18,811$ 10,110$
<br />Due to other governmental units 25,969 – 248
<br />Unearned revenue – – 1,176
<br />Total current liabilities 33,477 18,811 11,534
<br />Net Position
<br />Net investment in capital assets 24,453,424 15,843,649 589,232
<br />Unrestricted 15,658,198 10,912,827 1,071,308
<br />Total net position 40,111,622 26,756,476 1,660,540
<br />Total liabilities and fund balances 40,145,099$ 26,775,287$ 1,672,074$
<br />See notes to basic financial statements
<br />Business-Type Activities – Enterprise Funds
<br />CITY OF RAMSEY
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2013
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