|
CITY OF GEM LAKE, MINNESOTA
<br />STATEMENT OF ACTIVITIES
<br />YEAR ENDED DECEMBER 31, 2008
<br />(WITH COMPARATIVE DATA FOR THE YEAR ENDED DECEMBER 31, 2007)
<br />2006 '2007
<br />Program Revenues
<br />Net (Expense) Revenue and Net (Expense) Revenue and
<br />Changes in Net•Assels • . Changes in Net Assets
<br />Fees, Total
<br />Charges, Operating CapilaI Grants 6us9/ass- Total Business.
<br />Flees: and Grants and .and Gotiemrilenla Type Govemmenlal Typo
<br />FUNC11ONSIPROGRAMS .Expenses Other Contributions Contributions IAd[vale s Activities Total 'Activities Activities
<br />GOVERNMENTAL ACTIVITIES
<br />General Government 5 1.1.3,862' $ 25,244 .$ 14,611 8 $ {72,007) $ - 5 {72,007).4 5 (85,223) 8
<br />PuLlic•Safety 92,890 .(92,890) - (92,890) (85,932)
<br />Pubfi0 Works 69,166 16.506 71,418 20,760 - 20;760 (40,414)
<br />Conservat do and Development 40060 - - - (4U,960). (40.960) {25,695)
<br />(nterest.and Fiscal Charges 69 369; - - {69,369) - .(69,369) {53,165)
<br />Total Govemmenial Activities 384,247 43,752 14,611. 71,478. .{254,466). - {254,466} (290,429)
<br />BUSINESS -TYPE ACTIVITIES
<br />Sewer 38,932 50,706 11,774 11.774 - {11532)
<br />Total Primary.Government $ 423,179 $ 94,458 .$ 144611 5 7.1,418 (254:466) 11;774 •{242,592) {290;429) (11.532)
<br />GENERAL REVENUES
<br />Taxes'
<br />Property Taxes, Levied for General Purposes• 37Q,645 - 370,645 396;724 -
<br />Properly Taxes,.Levied.for Debt Service. . 52,441' 52,441
<br />Grants and Contributions Not. Restiicled for a Particular. Purpose 2,808 - 2,806 -
<br />Investment Earnings 14,443 3,331 17,774. 28,422 7.264
<br />Miscel€eneous 6. - 6 .324 -
<br />Transfers (25;000). 25,000 - (5,000) 5:000
<br />Total General Revenues 4154343 28,331 443,674 422,470 •12,264
<br />CHANGE IN NET ASSETS 160,87.7. 40,105 200,982 132,041 732
<br />• Net Assets:- Beginning o1.Year 942,693 681,154 1,623;647 81a,652 680 422.
<br />NET ASSETS - END OF YEAR $ 1,103,570. $ 721:259 $ 1,624,629 $ 942:693 $. 661.154
<br />See accompanying Notes to Basic Financial Statements.
<br />(4)
<br />
|