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Current liabilities
<br />Accounts payable
<br />Assets
<br />Liabilities and Fund Equity
<br />CITY OF RAMSEY
<br />Storm Water Utility Fund
<br />Comparative Balance Sheet
<br />As of December 31, 2003 and 2002
<br />Current assets
<br />Cash and temporary investments $ 318,322 $ 155,754
<br />Receivables
<br />Accounts 94,998 93,586
<br />Total current assets 413,320 249,340
<br />Property, plant, and equipment
<br />Machinery and equipment 27,920 24,198
<br />Improvements other than buildings 4,011,727 2,983,825
<br />4,039,647 3,008,023
<br />Less accumulated depreciation 186,335 104,443
<br />Net property, plant, and equipment 3,853,312 2,903,580
<br />Total assets $ 4,266,632 $ 3,152,920
<br />Fund equity
<br />Contributed capital 1,113,728 1,002,353
<br />Retained earnings
<br />Unreserved 3,152,904 2,148,498
<br />Total fund equity 4,266,632 3,150,851
<br />Total liabilities and fund equity $ 4,266,632 $ 3,152,920
<br />Exhibit F -12
<br />2003 2002
<br />$ 2,069
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