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CITY OF GEM LAKE, MINNESOTA
<br />STATEMENT OF ACTIVITIES
<br />YEAR ENDED DECEMBER 31, 2014
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(5)
<br />
<br />FUNCTIONS/PROGRAMS Expenses
<br />Fees,
<br />Charges,
<br />Fines, and
<br />Other
<br />Operating
<br />Grants and
<br />Contributions
<br />Capital
<br />Grants and
<br />Contributions
<br />Governmental
<br />Activities
<br />Business-
<br />Type
<br />Activities Total
<br /> GOVERNMENTAL ACTIVITIES
<br />General Government 129,294$ 50,142$ 6,737$ -$ (72,415)$ -$ (72,415)$
<br />Public Safety 109,973 - - - (109,973) - (109,973)
<br />Public Works 142,578 35,639 - 6,733 (100,206) - (100,206)
<br />Conservation and Development 53,892 - - - (53,892) - (53,892)
<br />Interest and Fiscal Charges 33,718 - - - (33,718) - (33,718)
<br />Total Governmental Activities 469,455 85,781 6,737 6,733 (370,204) - (370,204)
<br /> BUSINESS-TYPE ACTIVITIES
<br />Sewer 48,559 49,582 - - - 1,023 1,023
<br />Total Primary Government 518,014$ 135,363$ 6,737$ 6,733$ (370,204) 1,023 (369,181)
<br />GENERAL REVENUES
<br />Taxes:
<br />Property Taxes, Levied for General Purposes 186,345 - 186,345
<br /> Property Taxes, Levied for Debt Service 48,416 - 48,416
<br />Investment Earnings (Loss) 3,068 3,724 6,792
<br />Miscellaneous 465 - 465
<br />Total General Revenues 238,294 3,724 242,018
<br />CHANGE IN NET POSITION (131,910) 4,747 (127,163)
<br />Net Position - Beginning of Year 1,081,715 897,515 1,979,230
<br />NET POSITION - END OF YEAR 949,805$ 902,262$ 1,852,067$
<br />Program Revenues
<br />Net (Expense) Revenue and
<br />Changes in Net Position
<br />
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