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STATEMENT OF ACTIVITIES
<br />CITY OF RAMSEY, MINNESOTA
<br />Year Ended December 31, 2010
<br />With Comparative Actual Amounts For The Year Ended December 31, 2009
<br />Program Revenues Net (Expenses)
<br />Operating Capital Revenue and Changes in Net Assets
<br />Charges for Grants and Grants and Governmental Business -Type Totals
<br />Functions /Programs Expenses Services Contributions Contributions Activities Activities 2010
<br />Governmental activities
<br />General government $4,998,807 5344,922 591,592 5695,715 $(3,866,578) 5- 5(3,866,578) 5(2,151,170)
<br />Public safety 4,153,361 979,828 230,738 5,714 (2,937,081) - (2,937,081) (3,362,954)
<br />Highways and streets 5,791,896 487,507 3,239 2,103,620 (3,197,530) - (3,197,530) (3,746,093)
<br />Culture and recreation 1,048,690 27,016 1,417 23,191 (997,066) - (997,066) (1,007,122)
<br />Interest and fiscal charges 1,316,893 - - - (1,316,893) - (1,316,893) (1,330,224)
<br />Total govemmental activities 17,309,647 1,839,273 326,986 2,828,240 (12,315,148) - (12,315,148) (11,597,563)
<br />Business -type activities
<br />Water utility 1,295,721 1,633,461 - 245,117 - 582,857 582,857 501,897
<br />Sewer utility 1,101,554 1,261,609 - 49,206 - 209,261 209,261 152,564
<br />Street light utility 158,369 179,272 - - - 20,903 20,903 24,757
<br />Recycling utility 307,662 294,617 49,873 - - 36,828 36,828 34,029
<br />Storm water utility 350,521 617,598 - 15,717 - 282,794 282,794 220,144
<br />Total business -type activities 3,213,827 3,986,557 49,873 310,040 - 1,132,643 1,132,643 933,391
<br />Total govemmental and
<br />business -type activities 520,523,474 55,825,830 5376,859 $3,138,280 (12,315,148) 1,132,643 ,(11,182,505) (10,664,172)
<br />General revenues
<br />Property taxes 12,144,908 - 12,144,908 13,019,854
<br />General grants and contributions 114,692 - 114,692 204,752
<br />Investment earnings 1,283,533 631,042 1,914,575 1,850,941
<br />Transfers (125,751) 125,751 - -
<br />Total general revenues and transfers 13,417,382 756,793 14,174,175 15,081,363
<br />Change in net assets 1,102,234 1,889,436 2,991,670 4,417,191
<br />Net assets - beginning 73,419,784 73,456,372 146,876,156 142,458,965
<br />Net assets - ending 574,522,018 575,345,808 5149,867,826 5146,876,156
<br />STATEMENT OF NET ASSETS
<br />CITY OF RAMSEY, MINNESOTA
<br />December 31, 2010
<br />With Comparative Actual Amounts For The Year Ended December 31, 2009
<br />Governmental Business -Type Totals
<br />Activities Activities 2010 2009
<br />Assets
<br />Cash and temporary investments 531,567,279 514,289,448 545,856,727 547,293,225
<br />Receivables
<br />Unremitted taxes 230,686 230,686 92,163
<br />Delinquent taxes 583,908 583,908 590,317
<br />Unremitted special assessments 5,317 - 5,317 19,211
<br />Delinquent special assessments 39,842 22,512 62,354 42,115
<br />Deferred special assessments 1,220,096 259,475 1,479,571 1,628,052
<br />Accounts 32,996 1,126,456 1,159,452 1,137,428
<br />Interest 328,213 - 328,213 280,656
<br />Internal balances (7,251,698) 7,251,698 - 0
<br />Due from other govemmental units 412,847 - 412,847 927,090
<br />Prepaids 60,789 47,099 107,888 53,341
<br />Land held for resale 12,615,626 - 12,615,626 12,615,626
<br />Restricted assets - temporarily restricted
<br />Cash and investments for debt service 1,708,487 - 1,708,487 1,609,215
<br />Capital assets
<br />Land 6,772,024 868,513 7,640,537 6,472,712
<br />Construction in progress 3,959,865 3,803,277 7,763,142 4,463,935
<br />Buildings and structures 25,748,276 2,509,688 28,257,964 28,131,593
<br />Improvements other than buildings 4,077,621 10,837,169 14,914,790 14,039,592
<br />Office equipment 691,719 - 691,719 691,719
<br />Motor vehicles 3,816,420 - 3,816,420 3,747,808
<br />Machinery and equipment 4,739,350 536,395 5,275,745 5,248,926
<br />Infrastructure 22,459,019 - 22,459,019 22,766,439
<br />Water and sewer lines - 45,284,740 45,284,740 44,969,992
<br />Less accumulated depreciation (12,432,482) (11,339,733) (23,772,215) (20,547,385)
<br />Total capital assets, net of depreciation 59,831,812 52,500,049 112,331,861 109,985,331
<br />Total assets 5101,386,200 575,496,737 5176,882,937 5176,273,770
<br />Liabilities
<br />Accounts and contracts payable 5565,667 593,077 5658,744 5863,689
<br />Salaries and benefits payable 278,339 - 278,339 250,667
<br />Accrued interest payable 68,901 - 68,901 74,879
<br />Due to other governmental units 37,247 34,260 71,507 130,951
<br />Unearned revenue - 23,592 23,592 15,590
<br />Net OPEB obligation ' - - 70,231
<br />Long -term liabilities
<br />Due within one year 2,292,437 - 2,292,437 2,707,295
<br />Due in more than one year 23,621,591 - 23,621,591 - 25,284,312
<br />Total long -term liabilities 25,914,028 - 25,914,028 27,991,607
<br />Total liabilities 26,864,182 150,929 27,015,111 29, 397,614
<br />Net assets
<br />Invested in capital assets, net of related debt 38,466,812 52,500,049 90,966,861 86,560,331
<br />Restricted for
<br />Debt service 2,493,684 - 2,493,684 2,307,015
<br />Tax increment 8,160,557 - 8,160,557 6,905,340
<br />Capital improvements 566,468 - 566,468 579,052
<br />Storm water management 331,455 - 331,455 398,378
<br />The COR Development 8,577,153 - 8,577,153 8,709,501
<br />Grants and contributions 2,529,383 - 2,529,383 2,881,003
<br />Unrestricted 13,396,506 22,845,759 36,242,265 38,535,536
<br />Total net assets 74,522,018 75,345,808 149,867,826 146,876,156
<br />Total liabilities and net assets 5101,386,200 $75,496,737 5176,882,937 5176,273,770
<br />' Net OPEB obligation reported in Due in more than one year for 2010.
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<br />Published in Anoka County Union
<br />June 10, 2011
<br />2009
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