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CITY OF GEM LAKE, MINNESOTA <br />STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION <br />PROPRIETARY FUND <br />YEAR ENDED DECEMBER 31, 2014 <br /> <br /> <br /> <br />See accompanying Notes to Basic Financial Statements. <br />(13) <br /> <br />Sewer <br />Utility <br />OPERATING REVENUES <br />Public Charges for Services 49,582$ <br />OPERATING EXPENSES <br />Operating Expenses 36,103 <br />Depreciation 12,456 <br />Total Operating Expenses 48,559 <br />OPERATING INCOME 1,023 <br />NONOPERATING REVENUES <br />Interest Revenue 3,724 <br />CHANGE IN NET POSITION 4,747 <br />Net Position - Beginning of Year 897,515 <br />NET POSITION - END OF YEAR 902,262$