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CITY OF RAMSEY
<br />Notes to Financial Statements (continued)
<br />December 31, 2001
<br />NOTE 6 — PROPRIETARY FUNDS' CONTRIBUTED CAPITAL
<br />Contributed capital balances in the Proprietary Funds represent the cost of property or the amount of
<br />capital contributed to the funds by other City funds. Changes in contributed capital during 2001 are as
<br />follows:
<br />Components of
<br />Contributed Capital
<br />Balance Reserved
<br />Beginning Balance End For Future
<br />of Year Additions of Year Unreserved Construction Total
<br />Water Utility $ 11,364,419 $2,130,163 $ 13,494,582 $ 10,595,015 $ 2,899,567 $ 13,494,582
<br />Sewer Utility 9,026,309 295,927 9,322,236 8,584,265 737,971 9,322,236
<br />Street Light 129,383 20,800 150,183 150,183 — 150,183
<br />Storm Water
<br />Utility 265,517 792,963 1,058,480 1,058,480 — 1,058,480
<br />$ 20,785,628 $3,239,853 $ 24,025,481 $ 20,387,943 $ 3,637,538 $ 24,025,481
<br />NOTE 7 — INDIVIDUAL FUND DISCLOSURES
<br />A. Fund Deficits
<br />The following funds have a fund balance/retained earnings deficit at December 31, 2001:
<br />Capital Project Funds
<br />Section 22 Drainage District $ 14,792
<br />Mississippi Drainage District $ 36,851
<br />County Road 116 $ 125,499
<br />Rum River Drainage District $ 11,225
<br />Fire Station #2 $ 448
<br />Water Tower No. 2 $ 283,169
<br />Mississippi River Subdrainage $ 51,633
<br />141st/143rd Avenue $ 18,239
<br />Sunfish Business Park $ 5,012
<br />The City intends to fund these deficits through future tax levies, special assessments levies, tax
<br />increments, transfers from other funds, grants, utility revenues, and various other sources.
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