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CITY OF RAMSEY, MINNESOTA <br />NOTES TO .FINANCIAL STATEMENTS <br />December 31, 1990 <br />Note 4. CHANGES IN FIXED ASSETS <br />A. -hanger in General F ixed Assets <br />Changes in the General Fixed Assets Account Group were as follows: <br /> Balance Balance <br /> 1/1/90 Additions Deletions 12/31/90 <br /> <br />Land $ 354,353 $ - $ - $ 354,353 <br />Buildings and <br />improvements 1,095,421 6,969 - 1,102,390 <br />Other improvements 573,269 38,530 - 611,799 <br />Office equipment 431,304 13,353 - 444,657 <br />Motor vehicles 659,275 279,530 - 938,805 <br />Machinery and <br />equipment 285,464 .123,032 - 408,496 <br /> <br />$ 3,399,086 $ 461,414 $ - $ 3,860,500 <br /> <br />B. Water and Sewer Enterprise Fund Fixed Assets <br />Water and Sewer Enterprise Fund fixed assets at December 31, 1990, were as <br />follows: <br />Buildings and improvements $ 748,631 <br />Machinery and equipment 164,430 <br />Water and sewer lines 3,357,050 <br />4,270,111 <br />Less accumulated depreciation 310,700 <br />Net Property and Equipment $ 3,959,411 <br />Note 5. LONG-TERM OBLIGATIONS <br />A. ComAOnents of Loner-Te: <br />Debt service expenditures for the long-term portion of compensated absences <br />and the land mortgage payable are recorded in the .General Fund. All other <br />long-term debt obligations are supported by ad valorem property taxes, tax <br />increments and special assessments and are accounted for in the Debt Service <br />Funds. <br />-23- <br />