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CITY OF RAMSEY
<br />Notes to Financial Statements (continued)
<br />December 31, 2002
<br />NOTE 6 — PROPRIETARY FUNDS' CONTRIBUTED CAPITAL
<br />Contributed capital balances in the Proprietary Funds represent the cost of property or the amount of
<br />capital contributed to the funds by other City funds. Changes in contributed capital during 2002 are as
<br />follows:
<br />Components of
<br />Contributed Capital
<br />Balance Prior Reserved
<br />Beginning Period Balance End For Future
<br />of Year Adjustment Additions of Year Unreserved Construction Total
<br />Water Utility $ 13,494,582 $ (360,531) $ 217,421 $ 13,351,472 $ 10,736,781 $ 2,614,691 $ 13,351,472
<br />Sewer Utility 9,322,236 (169,137) 132,661 9,285,760 8,640,452 645,308 9,285,760
<br />Street Light 150,183 (20,800) — 129,383 129,383 — 129,383
<br />Storm Water
<br />Utility 1,058,480 (251,388) 195,261 1,002,353 1,002,353 — 1,002,353
<br />$ 24,025,481 $ (801,856) $ 545,343 $ 23,768,968 $ 20,508,969 $ 3,259,999 $ 23,768,968
<br />The prior period adjustment listed above is described in Note 1.
<br />NOTE 7 — INDIVIDUAL FUND DISCLOSURES
<br />A. Fund Deficits
<br />The following funds have a fund balance /retained earnings deficit at December 31, 2002:
<br />Capital Project Funds
<br />Section 22 Drainage District $ 15,575
<br />Mississippi Drainage District $ 38,753
<br />County Road 116 $ 198,360
<br />Rum River Drainage District $ 11,804
<br />Mississippi River Subdrainage $ 15,242
<br />The City intends to fund these deficits through future tax levies, special assessments levies, tax
<br />increments, transfers from other funds, grants, utility revenues, and various other sources.
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