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1 <br />1 <br /> <br /> <br />CITY OF RAMSEY <br />Sewer Utility Fund <br />Comparative Balance Sheet <br />As of December 31, 1998 and 1997 <br />Assets <br />Current assets <br />Cash and temporary investments <br />Receivables <br />Deferred special assessments <br />Accounts <br />Due from other governmental units <br />Prepaid expenses <br />Total current assets <br />Property, plant, and equipment <br />Machinery and equipment <br />Sewer 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 (deficit) <br />Contributed capital <br />Contributed capital reserved for future construction <br />Retained earnings <br />Unreserved <br />Total fund equity <br />Total liabilities and fund equity <br />-78- <br />Exhibit F-7 <br />1998 1997 <br />$ 1,096,624 $ 775,679 <br />55,314 80,047 <br />131,191 105,376 <br />710 323 <br />27,276 18,248 <br />1,311,115 979,673 <br />13,421 13,421 <br />8,094,039 7,635,971 <br />8,107,460 7,649,392 <br />994,101 829,339 <br />7,113,359 6,820,053 <br />$ 8,424,474 $ 7,799,726 <br />$ 801 $ 485 <br />107 38 <br />71,000 32,300 <br />71,908 32,823 <br />8,007,939 7,553,871 <br />441,325 351,876 <br />(96,698) (138,844) <br />8,352,566 7,766,903 <br />$ 8,424,474 $ 7,799,726 <br />