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CITY OF RAMSEY
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2025
<br />Business -Type Activities - Enterprise Funds
<br />Street Light
<br />Water Utility Sewer Utility Utility
<br />Assets
<br />Current assets
<br />Cash and temporary investments $ 12,047,677 $ 6,707,023 $ 1,699,730
<br />Receivables
<br />Delinquent special assessments 6,305 6,305 -
<br />Deferred special assessments 173,991 173,687 -
<br />Accounts 742,670 781,182 82,586
<br />Due from other governmental units 393,663 - -
<br />Prepaids 4,800 116,555 -
<br />Total current assets 13,369,106 7,784,752 1,782,316
<br />Noncurrent assets
<br />Advances to other funds 485,761 21,000 48,892
<br />Capital assets
<br />Land 868,513 -
<br />Construction in progress 33,379,927 229,729
<br />Buildings and structures 6,177,522 -
<br />Improvements other than buildings - - 1,135,881
<br />Machinery and equipment 389,810 843,601 -
<br />Water and sewer lines 45,632,067 34,174,320 -
<br />86,447,839 35,247,650 1,135,881
<br />Less accumulated depreciation 16,400,886 12,307,638 825,241
<br />Net capital assets 70,046,953 22,940,012 310,640
<br />Total noncurrent assets 70,532,714 22,961,012 359,532
<br />Total assets 83,901,820 30,745,764 2,141,848
<br />Deferred Outflows of Resources
<br />Pension plan deferments 69,800 39,886
<br />Total assets and deferred outflows of resources $ 83,971,620 $ 30,785,650 $ 2,141,848
<br />Liabilities
<br />Current liabilities
<br />Accounts and contracts payable $ 2,043,179 $ 7,204 $ 10,908
<br />Due to other governmental units 56,954 22,141 129
<br />Unearned revenue - 77,035 8,534
<br />Total current liabilities 2,100,133 106,380 19,571
<br />Noncurrent liabilities
<br />Net pension liability 169,057 96,604
<br />Total liabilities 2,269,190 202,984 19,571
<br />Deferred Inflows of Resources
<br />Pension plan deferments 106,169 60,668
<br />Net Position
<br />Net investment in capital assets 68,078,599 22,938,540 310,640
<br />Unrestricted 13,517,662 7,583,458 1,811,637
<br />Total net position 81,596,261 30,521,998 2,122,277
<br />Total liabilities, deferred inflows of resources and net position $ 83,971,620 $ 30,785,650 $ 2,141,848
<br />See notes to basic financial statements
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