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CITY OF RAMSEY
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2024
<br />Business -Type Activities - Enterprise Funds
<br />Street Light
<br />Water Utility Sewer Utility Utility
<br />Assets
<br />Current assets
<br />Cash and temporary investments $ 18,621,641 $ 5,843,398 $ 1,578,252
<br />Receivables
<br />Delinquent special assessments 5,094 5,094 -
<br />Deferred special assessments 177,022 182,664 -
<br />Accounts 697,046 761,735 75,989
<br />Due from other governmental units 497,697 -
<br />Prepaids 5,724 106,471
<br />Total current assets 20,004,224 6,899,362 1,654,241
<br />Noncurrent assets
<br />Advances to other funds 526,687 21,000 48,892
<br />Capital assets
<br />Land 868,513 -
<br />Construction in progress 21,783,361 161,392
<br />Buildings and structures 6,177,522 -
<br />Improvements other than buildings - - 1,135,881
<br />Machinery and equipment 353,169 662,358 -
<br />Water and sewer lines 44,048,626 32,223,774 -
<br />Less accumulated depreciation
<br />Net capital assets
<br />Total noncurrent assets
<br />Total assets
<br />Deferred Outflows of Resources
<br />Pension plan deferments
<br />73,231,191 33,047,524
<br />15,326,414 11, 804,218
<br />1,135,881
<br />794,591
<br />57,904,777 21,243,306 341,290
<br />58,431,464
<br />78,435,688
<br />21,264,306 390,182
<br />28,163,668 2,044,423
<br />51,899 29,657
<br />Total assets and deferred outflows of resources $ 78,487,587 $ 28,193,325 $ 2,044,423
<br />Liabilities
<br />Current liabilities
<br />Accounts and contracts payable $ 2,089,946 $ 11,187 $ 41
<br />Due to other governmental units 41,411 98,406 134
<br />Unearned revenue - 59,640 6,182
<br />Total current liabilities 2,131,357 169,233 6,357
<br />Noncurrent liabilities
<br />Net pension liability
<br />172,976 98,844
<br />Total liabilities 2,304,333 268,077 6,357
<br />Deferred Inflows of Resources
<br />Pension plan deferments
<br />114,978 65,702
<br />Net Position
<br />Net investment in capital assets 55,846,254 21,239,615 341,290
<br />Unrestricted 20,222,022 6,619,931 1,696,776
<br />Total net position 76,068,276 27,859,546 2,038,066
<br />Total liabilities, deferred inflows of resources and net position
<br />See notes to basic financial statements
<br />$ 78,487,587 $ 28,193,325 $ 2,044,423
<br />52
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