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CITY OF RAMSEY
<br />Statement of Net Position
<br />December 31, 2025
<br />Governmental Business -Type
<br />Activities Activities
<br />Total
<br />Assets
<br />Cash and temporary investments $ 57,274,605 $ 23,036,656 $ 80,311,261
<br />Receivables
<br />Unremitted taxes 264,081 - 264,081
<br />Delinquent taxes 222,469 - 222,469
<br />Unremitted special assessments 1,697 - 1,697
<br />Delinquent special assessments 49,617 12,610 62,227
<br />Deferred special assessments 149,471 347,678 497,149
<br />Accounts 73,039 2,212,788 2,285,827
<br />Notes 131,523 - 131,523
<br />Interest 499,374 - 499,374
<br />Internal balances (920,653) 920,653 -
<br />Leases 987,781 - 987,781
<br />Due from other governmental units 1,073,483 424,232 1,497,715
<br />Prepaids 29,459 121,355 150,814
<br />Land held for resale 4,751,926 - 4,751,926
<br />Capital assets
<br />Not depreciated 11,797,451 35,551,809 47,349,260
<br />Depreciated 107,759,535 78,627,715 186,387,250
<br />Total capital assets, net of depreciation 119,556,986 114,179,524 233,736,510
<br />Total assets 184,144,858
<br />Deferred outflows of resources
<br />OPEB plan deferments
<br />Pension plan deferments
<br />Total deferred outflows of resources
<br />Total assets and deferred outflows of resources
<br />794,118
<br />4,964,317
<br />5,758,435
<br />141,255,496 325,400,354
<br />149,572
<br />149,572
<br />794,118
<br />5,113,889
<br />5,908,007
<br />$ 189,903,293 $ 141,405,068 $ 331,308,361
<br />Liabilities
<br />Accounts and contracts payable $ 471,060 $ 2,072,001 $ 2,543,061
<br />Salaries and benefits payable 595,222 - 595,222
<br />Accrued interest payable 69,172 - 69,172
<br />Deposits payable 2,841,536 - 2,841,536
<br />Due to other governmental units 73,379 79,224 152,603
<br />Unearned revenue - 85,569 85,569
<br />Long-term liabilities
<br />Due within one year 2,758,225 - 2,758,225
<br />Due in more than one year 41,888,893 362,265 42,251,158
<br />Total long-term liabilities 44,647,118 362,265 45,009,383
<br />Total liabilities 48,697,487 2,599,059 51,296,546
<br />Deferred inflows of resources
<br />Leases receivable for subsequent years 987,781
<br />OPEB plan deferments 501,015
<br />Pension plan deferments 6,433,677
<br />Total deferred inflows of resources 7,922,473
<br />227,505
<br />227,505
<br />987,781
<br />501,015
<br />6,661,182
<br />8,149,978
<br />Net Position
<br />Net investment in capital assets 82,689,945 112,202,886 194,892,831
<br />Restricted for
<br />Street improvements 1,375,332 - 1,375,332
<br />Debt service 643,790 - 643,790
<br />Economic development 1,764,394 - 1,764,394
<br />Housing and redevelopment 4,751,926 - 4,751,926
<br />Recreation/communityprograms 166,166 - 166,166
<br />Public safety 483,390 - 483,390
<br />Tax increment 2,789,765 - 2,789,765
<br />Unrestricted 38,618,625 26,375,618 64,994,243
<br />Total net position 133,283,333 138,578,504 271,861,837
<br />Total liabilities, deferred inflows of resources and net position
<br />See notes to basic financial statements
<br />$ 189,903,293 $ 141,405,068 $ 331,308,361
<br />39
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