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CITY OF RAMSEY <br />Water Utility Fund <br />Comparative Balance Sheet <br />As of December 31, 1998 and 1997 <br />Exhibit F-4 <br />1998 1997 <br />Assets <br />Current assets <br />Cash and temporary investments <br />Receivables <br />Deferred special assessments <br />Accounts <br />Inventory <br />Prepaid expenses <br />Total current assets <br />Property, plant, and equipment <br />Buildings and structures <br />Machinery and equipment <br />Water lines <br />Accumulated depreciation <br />Net property, plant, and equipment <br />Total assets <br />Liabilities and Fund Equity <br />Current liabilities <br />Accounts payable <br />Salaries payable <br />Due to other governmental units <br />Total current liabilities <br />Fund equity <br />Contributed capital by developers <br />Contributed capital reserved for future construction <br />Retained earnings <br />Unreserved <br />Total fund equity <br />Total liabilities and fund equity <br />$ 2,855,778 $ 2,498,043 <br />123,118 125,200 <br />116,944 85,094 <br />4,086 595 <br />170 - <br />3,100,096 2,708,932 <br />748,631 748,631 <br />39,826 39,826 <br />7,558,989 6,316,831 <br />8,347,446 7,105,288 <br />1,026,071 857,393 <br />7,321,375 6,247,895 <br />$ 10,421,471 $ 8,956,827 <br />$ 12,106 $ 5,634 <br />786 617 <br />5,837 2,385 <br />18,729 8,636 <br />8,197,397 6,955,239 <br />1,995,701 1,511,503 <br />209,644 481,449 <br />10,402,742 8,948,191 <br />$ 10,421,471 $ 8.956,827 <br />-75- <br />