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Assets
<br />CITY OF RAMSEY
<br />General Fund
<br />Comparative Balance Sheet
<br />As of December 31, 2003 and 2002
<br />2003 2002
<br />Exhibit B -1
<br />Cash and temporary investments $ 4,411,533 $ 4,746,696
<br />Receivables
<br />Unremitted taxes 68,392 66,849
<br />Delinquent taxes 138,626 100,635
<br />Accounts 67,221 50,614
<br />Allowance for doubtful accounts (47,153) (47,153)
<br />Interest 200,942 168,782
<br />Due from other governmental units 11,959 17,218
<br />Inventory 1,513 1,147
<br />Prepaids 70,231 56,313
<br />Total assets $ 4,923,264 $ 5,161,101
<br />Liabilities and Fund Balance
<br />Liabilities
<br />Accounts payable $ 82,717 $ 58,833
<br />Salaries and compensated absences payable 45,954 190,048
<br />Due to other governmental units 35,279 24,538
<br />Deferred revenue 138,626 100,635
<br />Advances from other funds 547,107 600,568
<br />Total liabilities 849,683 974,622
<br />Fund balance
<br />Reserved
<br />Reserved for prepaid items 70,231 56,313
<br />Unreserved
<br />Designated for compensated absences 351,416 307,748
<br />Designated for budget carryover 93,000 590,199
<br />Designated for working capital 2,954,072 2,684,130
<br />Undesignated 604,862 548,089
<br />Total fund balance 4,073,581 4,186,479
<br />Total liabilities and fund balance $ 4,923,264 $ 5,161,101
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