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CITY OF RAMSEY, MINNESOTA
<br />WATER UTILITY FUND
<br />COMPARATIVE BALANCE SHEET
<br />As of December 31, 1997 and 1996
<br />ASSETS
<br />Current Assets:
<br />Cash and investments
<br />Special assessments -
<br />Deferred
<br />Accounts receivable
<br />Due from other funds
<br />Inventories, water meters
<br />Total Current Assets
<br />Property and Equipment, at Cost:
<br />Buildings and structures
<br />Machinery and equipment
<br />Water lines
<br />Less accumulated depreciation
<br />Net Property and Equipment
<br />Total Assets
<br />LIABILITIES AND FUND EQUITY
<br />Liabilities:
<br />Accounts payable
<br />Salaries payable
<br />Due to other governmental units
<br />Total Liabilities
<br />Fund Equity:
<br />Contributed capital by developers
<br />Contributed capital reserved for future construction
<br />Total Contributed Capital
<br />Retained earnings
<br />Unreserved
<br />Total Fund Equity
<br />Total Liabilities and Fund Equity
<br />1997 1996
<br />$ 2,498,043 $ 2,184,598
<br />125,200 -
<br />85,094 132,608
<br />- 644,814
<br />595 1,987
<br />2,708,932 2,964,007
<br />748,631 748,631
<br />39,826 39,826
<br />6,316,831 5,576,663
<br />7,105,288 6;365,120
<br />857,393 706,593
<br />6,247,895 5,658,527
<br />$ 8,956,827 $ 8,622,534
<br />$ 5,634 $ 6,867
<br />617 348
<br />2,385 2,235
<br />8,636 9,450
<br />6,955,239 6,215,071
<br />1,511,503 2,133,754
<br />8,466,742 8,348,825
<br />481,449 264,259
<br />8,948,191 8,613,084
<br />$ 8,956,827 $ 8,622,534
<br />Exhibit F-4
<br />-69-
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