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City of Ramsey
<br />Net Position by Component
<br />Last Ten Fiscal Years
<br />(accrual basis of accounting)
<br />Fiscal Year
<br />2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
<br />Governmental activities
<br />Net investment in capital assets $41,657,601 $41,216,689 $42,170,710 $42,129,791 $43,551,135 $44,658,317 $52,756,077 $57,322,004 $63,796,121 $66,959,661
<br />Restricted 15,273,582 18,430,141 18,323,930 19,679,434 20,935,216 21,006,537 18,957,706 19,886,753 20,624,484 18,598,778
<br />Unrestricted 8,120,953 13,292,971 13,832,461 13,559,175 15,666,889 16,759,261 22,499,652 22,741,842 23,405,779 26,728,758
<br />Total governmental activities net position $65,052,136 $72,939,801 $74,327,101 $75,368,400 $80,153,240 $82,424,115 $94,213,435 $99,950,599 $107,826,384 $112,287,197
<br />Business-type activities
<br />Net investment in capital assets $50,427,367 $49,340,145 $51,959,594 $53,855,285 $53,653,338 $55,575,211 $56,166,921 $57,940,442 $63,486,708 $71,932,644
<br />Unrestricted 30,915,832 34,206,676 35,953,541 38,306,851 43,024,292 46,993,793 44,568,513 48,126,205 43,879,636 44,232,074
<br />Total business-type activities net position $81,343,199 $83,546,821 $87,913,135 $92,162,136 $96,677,630 $102,569,004 $100,735,434 $106,066,647 $107,366,344 $116,164,718
<br />Total government
<br />Net investment in capital assets $92,084,968 $90,556,834 $94,130,304 $95,985,076 $97,204,473 $100,233,528 $108,922,998 $115,262,446 $127,282,829 $138,892,305
<br />Restricted 15,273,582 18,430,141 18,323,930 19,679,434 20,935,216 21,006,537 18,957,706 19,886,753 20,624,484 18,598,778
<br />Unrestricted 39,036,785 47,499,647 49,786,002 51,866,026 58,691,181 63,753,054 67,068,165 70,868,047 67,285,415 70,960,832
<br />Total government net position $146,395,335 $156,486,622 $162,240,236 $167,530,536 $176,830,870 $184,993,119 $194,948,869 $206,017,246 $215,192,728 $228,451,915
<br />Note 2: The City reported a prior period adjustment in fiscal 2016 that increased the net investment in capital assets. Prior year balances are not restated.
<br />Note 1: The City implemented GASB Statement No. 68 in fiscal 2015, recording a change in accounting principle that decreased unrestricted net position. Prior year balances are not restated.
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