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CITY OF RAMSEY
<br />Enterprise Funds
<br />Combining Balance Sheet
<br />December 31, T998
<br />(with Comparative Totals as of Ended December 31, 1997)
<br />Water Sewer Street Recycling
<br />Utility Utility Light Utility
<br />Assets
<br />Exhibit F-1
<br />Totals
<br />1998 1997
<br />Current assets
<br />Cash and temporary investments $ 2,855,778 $ 1,096,624 $ 125,970 $ 24,667 $ 4,103,039 $ 3,357,214
<br />Receivables
<br />Deferred special assessments 123,118 55,314 - - 178,432 205,247
<br />Accounts 116,944 131,191 19,299 25,178 292,612 226,974
<br />Due from other governmental units - 710 - ] 7,734 18,444 38,764
<br />Inventory 4,086 - - - 4,086 S95
<br />Prepaid expenses 170 27,276 - - .27,446 18,248
<br />Total current assets 3,100,096 1,311,115 145,269 67,579 4,624,059 3,847,042
<br />Property, plant, and equipment
<br />Buildings and structures 748,631 - - - 748,631 748,63"I
<br />Machinery and equipment 39,826 13,421 - - 53,247 53,247
<br />Water and sewer lines 7,558,989 8,094,039 - - 15,653,028 13,952,802
<br />Improvements other than buildings - - 167,593 - 167,593 158,993
<br /> 8,347,446 8,107,460 167,593 - 16,622,499 14,913,673
<br />Accumulated depreciation 1,026,071 994,101 33,743 - 2,053,915 1,712,094
<br />Net property, plant,
<br />and equipment 7,321,375 7,113,359 133,850 - 14,568,584 . 13,201,579
<br />Total assets $ 10,421,471 $ 8,424,474 $ 279,119 $ 67,579 $ 19,192,643 $ 17,048,621
<br />Liabilities and Fund Equity
<br />Current liabilities
<br />Accounts payable $ 12,106 $ 801 $ 4,331 $ 1,754 $ 18,992 $ 11,953
<br />Salaries payable 786 107 - 14 907 655
<br />Due to other governmental units 5,837 71,000 - 151 76,988 34,685
<br />Deferred revenue - - 13,973 - 13,973 18,676
<br />Total current liabilities 18,729 71,908 18,304 1,919 110,860 65,969
<br />Fund equity
<br />Contributed capital 8,197,397 8,007,939 122,183 - 16,327,519 14,627,093
<br />Contributed capital reserved
<br />for future construction 1,995,701 441,325 - - 2,437,026 1,863,379
<br />Retained earnings
<br />Unreserved 209,644 (96,698) 138,632 65,660 317,238 492,180
<br />Total fund equity 10,402,742 8,352,566 260,815 65,660 19,081,783 16,982,652
<br />Total liabilities and
<br />fund equity $ 10,421,471 $ 8,424,474 $ 279,119 $ 67,579 $ 19,192,643 $ 17,048,621
<br />-72-
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