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CITY OF RAMSEY, MINNESOTA
<br />SEWER AND WATER FUND
<br />COMPARATIVE BALANCE SHEET
<br />As of December 31, 1990 and 1989
<br />Exhibit F-1
<br />1990 1989
<br />ASSETS
<br />Current Assets:
<br />Cash and temporary cash investments
<br />Accounts receivable
<br />Inventories, water meters
<br />Other assets
<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 />$ 258,012 $ 278,222
<br />20,145 17,841
<br />27,258 26,904
<br />1.964 1.310
<br />306,879 324,277
<br />748,631 798,631
<br />164,430 162,925
<br />3.357,050 3.081,691
<br />4,270,111 3,993,197
<br />.310.700 219.365
<br />3.959.911 3,778,832
<br />Total Assets
<br />~ 4,266,290 $ 9,103,109
<br />LIABILITIES AND-FUND EQUITY
<br />Liabilities:
<br />Accounts payable
<br />Salaries payable
<br />Deposits payable, water meters
<br />Total Liabilities
<br />$ 7,632 $ 42,546
<br />496 -
<br />32.916 29.605
<br />41,044 72,151
<br />Fund Equity:
<br />Contributed capital
<br />Retained earnings (deficit)
<br />Reserved for future construction
<br />Unreserved
<br />Total Retained Earnings (Deficit)
<br />Total Fund Equity
<br />Total Liabilities and Fund Equity
<br />4,244,566 3,969,158
<br />233,958 233,458
<br />(252,778) (171,658)
<br />(19.320) 61.800
<br />4,225,246 4.030,958
<br />_$ 4,266,290 $ 4,103,109
<br />-67-
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