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CITY OF RAMSEY, MINNESOTA
<br />SEWER 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 />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 />Due to other govemmental units
<br />Total Liabilities
<br />Fund Equity:
<br />Contributed capital
<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 />1996 1995
<br />$ 490,400 $ 732,613
<br />128,964 122,SS5
<br />306,003 -
<br />- 136
<br />12,634 11,1 SS
<br />938,001 866,459
<br />8,373 199,028
<br />7,287,673 6,169,376
<br />7,296,046 6,368,404
<br />673,739 S2S,S33
<br />6,622,307 5,842,87]
<br />$ 7,560,308 $ 6,709,330
<br />$ 735 $ 3,349
<br />25,848 77,350
<br />2G,S83 80,699
<br />7,20S,S73 6,360,031
<br />540,148 483,459
<br />7,745,721 6,843,490
<br />(211,996) (214,859)
<br />7,533,725 6,628,631
<br />$ 7,560,308 $ 6,709,330
<br />Exhibit F-7
<br />-74-
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