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CITY OF RAMSEY <br />Notes to Financial Statements (continued) <br />December 31, 2002 <br />NOTE 15 — RESERVES AND DESIGNATED FUND EQUITY <br />The following reservations of fund equity have been made at December 31, 2002: <br />General Fund <br />Fund balance reserved for prepaid items $ 56,313 <br />Expendable Trust Funds <br />Landfill Trust <br />Fund balance reserved for <br />advances to other funds $ 600,568 <br />Enterprise Funds <br />Water Utility <br />Contributed capital reserved <br />for future construction $ 2,614,691 <br />Sewer Utility <br />Contributed capital reserved <br />for future construction $ 645,308 <br />The General Fund reservation for prepaid items is made because prepayments are not current financial <br />resources. <br />The Landfill Trust Fund reservation for advances to other funds is made because advances are not current <br />financial resources. <br />The Water and Sewer Utility reservations are for future construction and are from assessments for <br />elevated water storage and future oversizing of water and sewer lines. <br />