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CITY OF RAMSEY, MINNESOTA
<br />GENERAL FUND
<br />COMPARATIVE BALANCE SHEET
<br />As of December 31, 1997 and 1996
<br />• 1997 1996
<br />ASSETS
<br />Cash and investments $ 2,757,160 $ 2,876,787
<br />Receivables:
<br />Taxes -
<br />Unremitted 84,983 19,184
<br />Delinquent 52,499 33,461
<br />Accounts 49,654 55,886
<br />Allowance for doubtful accounts (48,780) (50,080)
<br />Accrued interest 170,780 149,824
<br />Due from other funds - 8,336
<br />Due from other governmental units 46,985 13,634
<br />Other assets 22,848 24,447
<br />
<br />Total Assets $ 3,136,129 $ 3,131,479
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<br />LIABILITIES AND FUND BALANCE
<br />Liabilities:
<br />Accounts and contracts payable $ 46,335 $ 47,243
<br />Salaries and compensated absences payable 56,553 53,429
<br />Due to other funds 820,828 856,835
<br />Due to other governmental units 18,370 11,343
<br />Deferred revenue 52,499 33,461
<br />Total Liabilities 994,585 1,002,311
<br />
<br />Fund Balance:.
<br />Reserved for prepaid items 22,576 24,083
<br />Unreserved -
<br />Designated for compensated absences 182,291 192,752
<br />Designated for working capital 1,610,135 1,600,302
<br />Undesignated 326,542 312,031
<br />Total Fund Balance 2,141,544 2,129,168
<br />Total Liabilities and Fund Balance $ 3,136,129 $ 3,131,479
<br />Exhibit B-1
<br />-30-
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