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CITY OF GEM LAKE, MINNESOTA
<br />SCHEDULE OF REVENUES, EXPENDITURES AND CHANGE IN FUND BALANCE
<br />BUDGET AND ACTUAL
<br />GENERAL FUND
<br />YEAR ENDED DECEMBER 31, 2014
<br />
<br />
<br />
<br />See accompanying Note to Required Supplementary Information.
<br />(30)
<br />
<br />Budgeted Amounts
<br />Actual Variance with
<br />Original Final Amounts Final Budget
<br />REVENUES
<br />Taxes 180,119$ 180,119$ 186,063$ 5,944$
<br />Intergovernmental 3,642 3,642 3,393 (249)
<br />Licenses and Permits 21,375 21,375 57,674 36,299
<br />Fines and Forfeits 2,000 2,000 3,048 1,048
<br />Public Charges for Services 4,300 4,300 7,616 3,316
<br />Miscellaneous:
<br />Interest 4,365 4,365 2,877 (1,488)
<br />Other 16,215 16,215 21,252 5,037
<br />Total Revenues 232,016 232,016 281,923 49,907
<br />EXPENDITURES
<br />General Government 121,361 121,361 107,590 13,771
<br />Public Safety 103,792 103,792 109,973 (6,181)
<br />Public Works 49,850 49,850 79,801 (29,951)
<br />Conservation and Development 41,130 41,130 50,892 (9,762)
<br />Total Expenditures 316,133 316,133 348,256 (32,123)
<br />NET CHANGE IN FUND BALANCE (84,117)$ (84,117)$ (66,333) 17,784$
<br />Fund Balance - Beginning of Year 388,010
<br />FUND BALANCE - END OF YEAR 321,677$
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