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Assets <br />Liabilities and Fund Equity <br />CITY OF RAMSEY <br />Insurance — Internal Service Fund <br />Comparative Balance Sheet <br />As of December 31, 2003 and 2002 <br />Current assets <br />Cash and temporary investments $ 411,743 $ 402,050 <br />Current liabilities <br />Accounts payable $ 1,054 $ 70 <br />Fund equity <br />Retained earnings <br />Unreserved 410,689 401,980 <br />Total liabilities and fund equity $ 411,743 $ 402,050 <br />Exhibit G -1 <br />2003 2002 <br />