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Street Light
<br />Water Utility Sewer Utility Utility
<br />Assets
<br />Current assets
<br />Cash and temporary investments 26,287,609$ 11,307,068$ 1,438,160$
<br />Receivables
<br />Delinquent special assessments 5,895 5,895 –
<br />Deferred special assessments 146,176 153,699 –
<br />Accounts 747,799 628,221 74,459
<br />Due from other governmental units – – –
<br />Prepaids – 105,020 –
<br />Total current assets 27,187,479 12,199,903 1,512,619
<br />Noncurrent assets
<br />Advances to other Funds 218,810 – –
<br />Capital assets
<br />Land 868,513 – –
<br />Construction in progress 7,424,941 138,216 –
<br />Buildings and structures 6,177,522 – –
<br />Improvements other than buildings – – 1,135,881
<br />Machinery and equipment 233,756 625,948 –
<br />Water and sewer lines 34,684,805 31,766,421 –
<br />49,389,537 32,530,585 1,135,881
<br />Less accumulated depreciation 14,220,024 11,160,803 763,855
<br />Net capital assets 35,169,513 21,369,782 372,026
<br />Total noncurrent assets 35,388,323 21,369,782 372,026
<br />Total assets 62,575,802 33,569,685 1,884,645
<br />Deferred Outflows of Resources
<br />Pension plan deferments 73,650 42,086 –
<br />Total assets and deferred outflows of resources 62,649,452$ 33,611,771$ 1,884,645$
<br />Liabilities
<br />Current liabilities
<br />Accounts and contracts payable 1,438,913$ 80,874$ 10,261$
<br />Due to other governmental units 46,079 9,841 128
<br />Unearned revenue – – 1,470
<br />Total current liabilities 1,484,992 90,715 11,859
<br />Noncurrent liabilities
<br />Net pension liability 242,688 138,679 –
<br />Total liabilities 1,727,680 229,394 11,859
<br />Deferred Inflows of Resources
<br />Pension plan deferments 82,032 46,875 –
<br />Net Position
<br />Net investment in capital assets 33,820,835 21,295,953 372,026
<br />Unrestricted 27,018,905 12,039,549 1,500,760
<br />Total net position 60,839,740 33,335,502 1,872,786
<br />Total liabilities, deferred inflows of resources and net position 62,649,452$ 33,611,771$ 1,884,645$
<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, 2023
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