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Assets
<br />Current assets
<br />Cash and temporary investments
<br />Receivables
<br />Deferred special assessments
<br />Accounts
<br />Due from other governmental units
<br />Prepaids
<br />Total current assets
<br />Liabilities and Fund Equity
<br />CITY OF RAMSEY
<br />Sewer Utility Fund
<br />Comparative Balance Sheet
<br />As of December 31, 2003 and 2002
<br />Property, plant, and equipment
<br />Machinery and equipment 34,387 34,387
<br />Sewer lines 11,476,244 10,644,743
<br />11,510,631 10,679,130
<br />Less accumulated depreciation 1,968,708 1,736,420
<br />Net property, plant, and equipment 9,541,923 8,942,710
<br />Total assets $ 13,054,335 $ 11,603,340
<br />Current liabilities
<br />Accounts payable $ 5,072 $ 85
<br />Due to other governmental units 78,675 12,000
<br />Total current liabilities 83,747 12,085
<br />Fund equity
<br />Contributed capital 8,708,973 8,640,452
<br />Contributed capital reserved
<br />for future construction 645,308 645,308
<br />Retained earnings
<br />Unreserved 3,616,307 2,305,495
<br />Total fund equity 12,970,588 11,591,255
<br />Total liabilities and fund equity $ 13,054,335 $ 11,603,340
<br />Exhibit F -6
<br />2003 2002
<br />$ 3,229,335 $ 2,445,727
<br />19,109 19,125
<br />241,038 173,961
<br />787 120
<br />22,143 21,697
<br />3,512,412 2,660,630
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