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CITY OF GEM LAKE, MINNESOTA <br />BALANCE SHEET <br />GOVERNMENTAL FUNDS <br />DECEMBER 31, 2014 <br />(WITH SUMMARIZED FINANCIAL INFORMATION AS OF DECEMBER 31, 2013) <br /> <br /> <br /> <br />See accompanying Notes to Basic Financial Statements. <br />(6) <br /> <br />G.O. G.O. <br />Improvement Improvement <br />General Bonds Bonds <br />Fund Series 2004A Series 2006A <br />ASSETS <br />Cash and Investments 297,419$ -$ 16,158$ <br />Taxes Receivable 13,796 - - <br />Special Assessments Receivable 920 33,393 37,356 <br />Accounts Receivable 8,577 - - <br />Due from Other Governments 958 - - <br />Accrued Interest Receivable 2,330 (374) 33 <br />Due from Other Funds 27,122 - - <br />Prepaid Items 931 - - <br />Total Assets 352,053$ 33,019$ 53,547$ <br />LIABILITIES, DEFERRED INFLOWS OF <br />RESOURCES AND FUND BALANCES <br />LIABILITIES <br />Vouchers and Accounts Payable 8,662$ -$ -$ <br />Due to Other Governments 3,586 - - <br />Unearned Revenue 7,400 - - <br />Due to Other Funds - 27,122 - <br />Total Liabilities 19,648 27,122 - <br />DEFERRED INFLOWS OF RESOURCES <br />Unavailable Resources 10,728 31,835 35,997 <br />FUND BALANCES <br />Nonspendable 931 - - <br />Restricted: <br />Debt Service - - 17,550 <br />Park Improvements - - - <br />Street Projects - - - <br />Assigned: <br />Capital Improvements Benefiting <br /> Individual Property Owners - - - <br />Unassigned 320,746 (25,938) - <br />Total Fund Balances 321,677 (25,938) 17,550 <br />Total Liabilities, Deferred Inflows of <br /> Resources, and Fund Balances 352,053$ 33,019$ 53,547$ <br />