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CITY OF RAMSEY, MINNESOTA
<br />WATER UTILITY FUND
<br />COMPARATIVE BALANCE SHEET
<br />As of December 31, 1996 and 1995
<br />ASSETS
<br />Current Assets:
<br />Cash and investments
<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
<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 />1996 1995
<br />$ 2,184,598 $ 2,190,565
<br />132,608 201,481
<br />644,814 -
<br />1,987 1,348
<br />2,964,007 2,393,394
<br />748,631 748,631
<br />39,826 34,452
<br />5,576,663 4,283,194
<br />6,365,120 5,066,277
<br />706,593 569,448
<br />5,658,527 4,496,829
<br />$ 8,622,534 $ 6,890,223
<br />$ 6,867 $ 7,603
<br />348 -
<br />2,235 877
<br />9,450 8,480
<br />6,215,071 5,031,825
<br />2,133,754 1,741,449
<br />8,348,825 6,773,274
<br />264,259 108,469
<br />8,613,084 6,881,743
<br />$ 8,622,534 $ 6,890,223
<br />Exhibit F-4
<br />-71-
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