|
CITY OF RAMSEY
<br />Statement of Net Position
<br />December 31, 2024
<br />Governmental Business -Type
<br />Activities Activities
<br />Total
<br />Assets
<br />Cash and temporary investments $ 58,482,424 $ 28,910,396 $ 87,392,820
<br />Receivables
<br />Unremitted taxes 248,132 - 248,132
<br />Delinquent taxes 191,338 - 191,338
<br />Unremitted special assessments 898 - 898
<br />Delinquent special assessments 6,577 10,188 16,765
<br />Deferred special assessments 264,634 359,686 624,320
<br />Accounts 42,560 2,073,187 2,115,747
<br />Interest 310,689 - 310,689
<br />Internal balances (961,579) 961,579 -
<br />Leases 1,178,551 - 1,178,551
<br />Due from other governmental units 1,216,453 538,929 1,755,382
<br />Prepaids 14,056 112,195 126,251
<br />Land held for resale 5,928,224 - 5,928,224
<br />Capital assets
<br />Not depreciated 19,744,715 23,943,526 43,688,241
<br />Depreciated 91,451,714 73,877,561 165,329,275
<br />Total capital assets, net of depreciation 111,196,429 97,821,087 209,017,516
<br />Total assets 178,119,386 130,787,247 308,906,633
<br />Deferred outflows of resources
<br />OPEB plan deferments 899,946 - 899,946
<br />Pension plan deferments 6,174,804 111,213 6,286,017
<br />Total deferred outflows of resources 7,074,750 111,213 7,185,963
<br />Total assets and deferred outflows of resources $ 185,194,136 $ 130,898,460 $ 316,092,596
<br />Liabilities
<br />Accounts and contracts payable $ 1,242,922 $ 2,113,796 $ 3,356,718
<br />Salaries and benefits payable 498,863 - 498,863
<br />Accrued interest payable 77,513 - 77,513
<br />Deposits payable 2,178,977 - 2,178,977
<br />Due to other governmental units 121,656 139,951 261,607
<br />Unearned revenue - 65,822 65,822
<br />Long-term liabilities
<br />Due within one year 3,089,708 - 3,089,708
<br />Due in more than one year 44,959,171 370,664 45,329,835
<br />Total long-term liabilities 48,048,879 370,664 48,419,543
<br />Total liabilities
<br />52,168,810 2,690,233 54,859,043
<br />Deferred inflows of resources
<br />Leases receivable for subsequent years 1,178,551 - 1,178,551
<br />OPEB plan deferments 552,416 - 552,416
<br />Pension plan deferments 7,553,769 246,382 7,800,151
<br />Total deferred inflows of resources 9,284,736 246,382 9,531,118
<br />Net Position
<br />Net investment in capital assets
<br />Restricted for
<br />Street improvements
<br />Debt service
<br />Economic development
<br />Housing and redevelopment
<br />Recreation/community programs
<br />Public safety
<br />Tax increment
<br />Unrestricted
<br />Total net position
<br />72,783,568
<br />95,749,335 168,532,903
<br />1,670,641 - 1,670,641
<br />938,591 - 938,591
<br />1,566,621 - 1,566,621
<br />5,928,224 - 5,928,224
<br />375,340 - 375,340
<br />165,370 - 165,370
<br />3,377,609 - 3,377,609
<br />36,934,626 32,212,510 69,147,136
<br />123,740,590 127,961,845 251,702,435
<br />Total liabilities, deferred inflows of resources and net position $ 185,194,136 $ 130,898,460 $ 316,092,596
<br />See notes to basic financial statements
<br />39
<br />
|