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Governmental Business-Type
<br />Activities Activities Total
<br />Assets
<br />Cash and temporary investments 61,792,693$ 42,315,163$ 104,107,856$
<br />Receivables
<br />Unremitted taxes 201,156 – 201,156
<br />Delinquent taxes 491,435 – 491,435
<br />Unremitted special assessments 981 – 981
<br />Delinquent special assessments 2,664 11,790 14,454
<br />Deferred special assessments 314,513 299,875 614,388
<br />Accounts 99,963 1,957,467 2,057,430
<br />Interest 491,408 – 491,408
<br />Internal balances (218,810) 218,810 –
<br />Leases 1,167,032 – 1,167,032
<br />Due from other governmental units 1,021,290 31,980 1,053,270
<br />Prepaids 33,371 105,020 138,391
<br />Land held for resale 7,010,978 – 7,010,978
<br />Capital assets
<br />Not depreciated 18,176,090 9,717,921 27,894,011
<br />Depreciated 79,668,013 63,637,230 143,305,243
<br />Total capital assets, net of depreciation 97,844,103 73,355,151 171,199,254
<br />Total assets 170,252,777 118,295,256 288,548,033
<br />Deferred outflows of resources
<br /> OPEB plan deferments 502,803 – 502,803
<br /> Pension plan deferments 7,594,871 157,822 7,752,693
<br />Total deferred outflows of resources 8,097,674 157,822 8,255,496
<br />Total assets and deferred outflows of resources 178,350,451$ 118,453,078$ 296,803,529$
<br />Liabilities
<br />Accounts and contracts payable 892,189$ 1,535,014$ 2,427,203$
<br />Salaries and benefits payable 389,062 – 389,062
<br />Accrued interest payable 94,119 – 94,119
<br />Deposits payable 2,664,763 – 2,664,763
<br />Due to other governmental units 243,979 56,048 300,027
<br />Unearned revenue 100,000 1,470 101,470
<br />Long-term liabilities
<br />Due within one year 3,760,480 – 3,760,480
<br />Due in more than one year 48,576,089 520,046 49,096,135
<br />Total long-term liabilities 52,336,569 520,046 52,856,615
<br />Total liabilities 56,720,681 2,112,578 58,833,259
<br />Deferred inflows of resources
<br /> Leases receivable for subsequent years 1,167,032 – 1,167,032
<br /> OPEB plan deferments 644,049 – 644,049
<br /> Pension plan deferments 7,531,492 175,782 7,707,274
<br />Total deferred inflows of resources 9,342,573 175,782 9,518,355
<br />Net Position
<br />Net investment in capital assets 66,959,661 71,932,644 138,892,305
<br />Restricted for
<br />Street improvements 1,431,798 – 1,431,798
<br />Debt service 891,184 – 891,184
<br />Economic development 1,475,401 – 1,475,401
<br />Housing and redevelopment 7,010,978 – 7,010,978
<br />Recreation/community programs 488,707 – 488,707
<br />Public safety 1,267,887 – 1,267,887
<br />Tax increment 6,032,823 – 6,032,823
<br />Unrestricted 26,728,758 44,232,074 70,960,832
<br />Total net position 112,287,197 116,164,718 228,451,915
<br />Total liabilities, deferred inflows of resources and net position 178,350,451$ 118,453,078$ 296,803,529$
<br />See notes to basic financial statements
<br />CITY OF RAMSEY
<br />Statement of Net Position
<br />December 31, 2023
<br />39
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