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CITY OF RAMSEY
<br />Balance Sheet
<br />Governmental Funds
<br />December 31, 2025
<br />Special Revenue Funds
<br />Formerly
<br />Major
<br />Fund
<br />COR Developer's Private
<br />General Tax Increment Land Fees Developer
<br />Assets
<br />Cash and temporary investments $ 14,619,900 $ 5,045,628 $ 2,213,265 $ — $ 2,772,609
<br />Receivables
<br />Unremitted taxes 203,106 1,023
<br />Delinquent taxes 162,462 8,878
<br />Unremitted special assessments 58
<br />Delinquent special assessments 46,980
<br />Deferred special assessments 3,190
<br />Accounts 21,050 — — — 15,846
<br />Notes
<br />Interest 499,374
<br />Leases 952,135
<br />Due from other governmental units 71,524
<br />Due from other funds —
<br />Advances to other funds —
<br />Prepaids 26,466
<br />Land held for resale 4,751,926
<br />Total assets
<br />$ 16,606,245 $ 5,055,529 $ 6,965,191 $ — $ 2,788,455
<br />Liabilities
<br />Accounts and contracts payable $ 311,842 $ 3,720 $ — $ $ 3,719
<br />Salaries and benefits payable 595,222
<br />Deposits payable 56,800 — — — 2,784,736
<br />Due to other governmental units 14,865 143
<br />Due to other funds — 25,000
<br />Advances from other funds — 2,236,901
<br />Total liabilities 978,729 2,265,764 2,788,455
<br />Deferred inflows of resources
<br />Leases receivable for subsequent years
<br />Unavailable revenue - MSA allocation
<br />Unavailable revenue - property taxes
<br />Unavailable revenue - special assessments
<br />Unavailable revenue - notes
<br />Total deferred inflows of resources
<br />Fund balances
<br />Nonspendable
<br />Restricted
<br />Committed
<br />Assigned
<br />Unassigned
<br />Total fund balances
<br />Total liabilities, deferred inflows of
<br />resources, and fund balances
<br />See notes to basic financial statements
<br />952,135
<br />162,462
<br />50,170
<br />8,878
<br />1,164,767 8,878
<br />26,466
<br />14,436,283
<br />14,462,749
<br />2,780,887
<br />4,751,926
<br />2,213,265
<br />2,780,887 6,965,191
<br />$ 16,606,245 $ 5,055,529 $ 6,965,191 $ — $ 2,788,455
<br />42
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