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CITY OF RAMSEY
<br />Water Utility Fund
<br />Comparative Balance Sheet
<br />As of December 31, 2000 and 1999
<br />Exhibit F -4
<br />2000 1999
<br />Assets
<br />Current assets
<br />Cash and temporary investments $ 3,410,349 $ 3,133,612
<br />Receivables
<br />Deferred special assessments 57,151 91,553
<br />Accounts 117,478 104,077
<br />Due from other funds 303,321 —
<br />Inventory 8,990 10,993
<br />Prepaids 200 —
<br />Total current assets 3,897,489 3,340,235
<br />Property, plant, and equipment
<br />Buildings and structures 748,631 748,631
<br />Machinery and equipment 52,576 39,826
<br />Water lines 8,390,578 7,693,541
<br />9,191,785 8,481,998
<br />Accumulated depreciation 1,392,644 1,203,761
<br />Net property, plant, and equipment 7,799,141 7,278,237
<br />Total assets $ 11,696,630 $ 10,618,472 i
<br />Liabilities and Fund Equity
<br />Current liabilities
<br />Accounts payable $ 3,554 $ 41,643
<br />Salaries payable 1,052 —
<br />Due to other governmental units 4,784 5,000
<br />Total current liabilities 9,390 46,643
<br />Fund equity (deficit) Il
<br />Contributed capital 8,749,748 8,331,949
<br />Contributed capital reserved for future construction 2,614,671 2,310,866
<br />Retained earnings
<br />Unreserved 322,821 (70,986)
<br />Total fund equity 11,687,240 10,571,829
<br />Total liabilities and fund equity $ 11,696,630 $ 10,618,472
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