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ASSETS
<br />Total Assets
<br />LIABILITIES AND FUND EQUITY
<br />CITY OF RAMSEY, MINNESOTA Exhibit F -1
<br />ENTERPRISE FUNDS
<br />COMBINING BALANCE SHEET
<br />As of December 31, 1992
<br />(With Comparative Totals as of December 31, 1991)
<br />-72-
<br />Totals
<br />Sewer Street
<br />And Water light 1992 1991
<br />Current Assets:
<br />Cash and temporary cash investments $ 355,639 $ 9,376 $ 365,015 $ 264,027
<br />Accounts receivable 54,097 162 54,259 33,802
<br />Inventories, water meters 38,804 - 38,804 30,799
<br />Total Current Assets 448,540 9,538 458,078 328,628
<br />Property and Equipment, at Cost:
<br />Buildings and structures 748,631 - 748,631 748,631
<br />Machinery and equipment 216,876 - 216,876 216,876
<br />Water and sewer lines 4,758,052 - 4,758,052 3,436,827
<br />Improvements other than buildings - 20,130 20.130 -
<br />5,723,559 20,130 5,743,689 4,402,334
<br />Less accumulated depreciation 530,770 1.007 531.777 407,483
<br />Net Property and Equipment 5,192,789 19,123 5,211.912 3,994,851
<br />$ 5,641,329 $ 28,661 $ 5,669,990 $ 4,323,479
<br />Liabilities:
<br />Accounts payable $ 10,146 $" 199 $ 10,345 $ 6,586
<br />Salaries payable - - - 975
<br />Due to other governmental units 14,405 - 14,405 -
<br />Deposits payable, water meters 48,402 - 48,402 35,766
<br />Total Liabilities 72,953 199 73,152 43,327
<br />Fund Equity:
<br />Contributed capital 5,737,212 29,880 5,767,092 4,376,111
<br />Retained earnings (deficit)
<br />Reserved for future construction 233,458 - 233,458 233,458
<br />Unreserved (402,294) (1,4181 (403,712) (329.417)
<br />Total Retained Earnings (Deficit) (168,8361 (1,418) (170,254) (95,959)
<br />Total Fund Equity 5,568,376 28,462 5,596,838 4,280,152
<br />Total Liabilities and Fund Equity $ 5,641,329 $ 28,661 $ 5,669.990 $ 4,323,479
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