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Exhibit F-4
<br />CITY OF RAMSEY
<br />Water Utility Fund
<br />Comparative Balance Sheet
<br />As of December 31, 2001 and 2000
<br />2001 2000
<br />Assets
<br />Current assets
<br />Cash and temporary investments $ 3,992,595 $ 3,410,349
<br />Receivables
<br />Deferred special assessments 52,956 57,151
<br />Accounts 111,309 117,478
<br />Due from other funds 111,178 303,321
<br />Inventory 14,537 8,990
<br />Prepaids — 200
<br />Total current assets 4,282,575 3,897,489
<br />Property, plant, and equipment
<br />Land 100,000
<br />Buildings and structures 2,554,881 748,631
<br />Machinery and equipment 95,724 52,576
<br />Water lines 8,840,577 8,390,578
<br />11,591,182 9,191,785
<br />Accumulated depreciation 1,628,905 1,392,644
<br />Net property, plant, and equipment 9,962,277 7,799,141
<br />Total assets $ 14,244,852 $ 11,696,630
<br />Liabilities and Fund Equity
<br />Current liabilities
<br />Accounts payable $ 84,690 $ 3,554
<br />Salaries payable 1,324 1,052
<br />Due to other governmental units 5,105 4,784
<br />Total current liabilities 91,119 9,390
<br />Fund equity
<br />Contributed capital 10,595,015 8,749,748
<br />Contributed capital reserved for future construction 2,899,567 2,614,671
<br />Retained earnings
<br />Unreserved 659,151 322,821
<br />Total fund equity 14,153,733 11,687,240
<br />Total liabilities and fund equity $ 14,244,852 $ 11,696,630
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