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CITY OF RAMSEY, MINNESOTA
<br />SEWER 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 />Due from other governmental units
<br />Other assets
<br />Total Current Assets
<br />Property and Equipment, at Cost:
<br />Machinery and equipment
<br />Sewer 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 (deficit)
<br />Unreserved
<br />Total Fund Equity
<br />Total Liabilities and Fund Equity
<br />1997 1996
<br />$ 775,679 $ 490,400
<br />80,047 -
<br />105,376 128,964
<br />- 306,003
<br />323 -
<br />18,248 12,634
<br />979,673 938,001
<br />13,421 8,373
<br />7,635,971 7,287,673
<br />7,649,392 7,296,046
<br />829,339 673,739
<br />6,820,053 6,622,307
<br />$ 7,799,726 $ 7,560,308
<br />$ 485 $ 735
<br />38 -
<br />32,300 25,848
<br />32,823 26,583
<br />7,553,871 7,205,573
<br />351,876 540,148
<br />7,905,747 7,745,721
<br />(138,844) (211,996)
<br />7,766,903 7,533,725
<br />$ 7,799,726 $ 7,560,308
<br />Exhibit F-7
<br />-72-
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