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CITY OF RAMSEY
<br />Notes to Financial Statements (continued)
<br />December 31,..1999
<br />
<br />NOTE 11- SEGMENT INFORMATION FOR ENTERPRISE FUNDS
<br /> The City provides services which are accounted for in the Enterprise Funds. The segment information for
<br /> these Enterprise Funds for the year ended December 31, 1999 is as follows:
<br />
<br /> Water Sewer Street Recycling
<br /> Utility Utility L~ht Utility Total
<br /> Operating revenue $ 424,842 $ 503,217 $ 79,058 $ 146,929 $ 1,154,046
<br /> Depreciation expense $ 177,690 $ 167,344 $ 8,498 $ - $ 353,532
<br /> Operating income $ 28,276 $ 10,681 $ 34,495 $ 15,704 $ 89,156
<br />t Operating transfer in $ 269,590 $ - $ - $ - $ 269,590
<br /> Operating transfers (out) $ (679,799) $ (6,000) $ (2,500) $ (2,000) $ (690,299)
<br /> Net income (loss) $ (280,630) $ 46,488 $ 37,095 $ 14,579 $ (182,468)
<br /> Property, plant, and
<br /> equipment -additions $ 134,552 $ 132,331 $ 2,699 $ - $ 269,582
<br /> Net working capital $ 3,293,592 $ 1,546,755 $ 172,558 $ 80,239 $ 5,093,144
<br /> Total assets $ 10,618,472 $ 8,709,786 $ 311,272 $ 82,047 $ 19,721,577
<br /> Total equity $ 10,571,829 $ 8,625,101 $ 300,610 $ 80,239 $ 19,577,779
<br />
<br />
<br />TE 12 -TAX INCREMENT FINANCING DISTRICTS
<br />NO
<br /> The City is the administering authority for the following tax increment financing district:
<br />
<br />'
<br />TIF Development District I
<br />TIF TIF TIF TIF
<br /> District
<br />No. l District District District District
<br />No. 2 No. 4 No. S No. 6
<br />Total
<br />Economic Economic
<br /> Redevelop- Redevelop- Redevelop- Develop- Develop-
<br />Type of district ment ment ment ment ment
<br />Chapter 472A 472A 472A 469 469
<br />Established 08/27/85 06/30/86 08/11/87 04/24/90 09/15/95
<br />Duration 1985/2010 1986/2012 1987/2013 1990/2000 1995/2006
<br />Tax capacity
<br />Adjusted original $ 19,589 $ 269,649. $ 85,515 $ 10,877 $ 7,638 $ 393,268
<br />Fiscal disparities deduction - - - - 119,318 119,318
<br />Current tax capacity 656.018 868.101 210.092 417.212 430.571 2,581.994
<br />Captured tax capacity $ 636,429 $ 598,452 $ 124,577 $ 406,335 $ 303,615 $ 2,069,408
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