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ASSETS
<br />Current Assets:
<br />Cash and temporary cash investments
<br />Accounts receivable
<br />Inventories, water meters
<br />Total Current Assets
<br />Property and Equipment, at Cost:
<br />Buildings and structures
<br />Machinery and equipment
<br />Water and sewer lines
<br />Less accumulated depreciation
<br />Net Property and Equipment
<br />LIABILITIES AND FUND EQUITY
<br />CITY OF RAMSEY, MINNESOTA Exhibit F -4
<br />SEWER AND WATER FUND
<br />COMPARATIVE BALANCE SHEET
<br />As of December 31, 1992 and 1991
<br />1992 1991
<br />$ 355,639 $ 264,027
<br />54,097 33,802
<br />38,804 30,799
<br />448,540 328,628
<br />748,631
<br />216,876
<br />4,758,052
<br />5,723,559
<br />530,770
<br />5.192.789
<br />748,631
<br />216,876
<br />3,436,827
<br />4,402,334
<br />407,483
<br />3.994,851
<br />Total Assets $ 5,641,329 $ 4,323,479
<br />Liabilities:
<br />Accounts payable $ 10,146 $ 6,586
<br />Salaries payable - 975
<br />Due to other governmental units 14,405 -
<br />Deposits payable, water meters 48,402 35,766
<br />Total Liabilities 72,953 43,327
<br />Fund Equity:
<br />Contributed capital 5,737,212 4,376,111
<br />Retained earnings (deficit)
<br />Reserved for future construction 233,458 233,458
<br />Unreserved (402.294) (329,417)
<br />Total Retained Earnings (Deficit) (168,836) (95,959)
<br />Total Fund Equity 5,568,376 4,280,152
<br />Total Liabilities and Fund Equity $ 5,641,329 $ 4,323,479
<br />-75-
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