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CITY OF GEM LAKE, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />DECEMBER 31, 2015
<br />(WITH SUMMARIZED FINANCIAL INFORMATION AS OF DECEMBER 31, 2014)
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(6)
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<br />G.O. Capital 2015
<br />Improvement Hoffman Street Other Total
<br />General Plan Bonds Road Improvements Governmental Governmental 2014
<br />Fund Series 2007A Fund Fund Funds Funds Totals
<br />ASSETS
<br />Cash and Investments 163,036$ 89,784$ -$ 131,325$ 78,152$ 462,297$ 572,282$
<br />Cash with Fiscal Agent - 740,503 - - - 740,503 -
<br />Taxes Receivable 11,424 2,858 - - - 14,282 17,176
<br />Special Assessments Receivable 809 - 510,066 - 30,981 541,856 73,180
<br />Accounts Receivable 5,972 - - - - 5,972 8,577
<br />Due from Other Governments 1,153 - - - - 1,153 958
<br />Accrued Interest Receivable 992 255 - 1,011 216 2,474 3,933
<br />Due from Other Funds 126,506 - - - - 126,506 27,122
<br />Prepaid Items 633 - - - - 633 931
<br />Total Assets 310,525$ 833,400$ 510,066$ 132,336$ 109,349$ 1,895,676$ 704,159$
<br />LIABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES AND FUND BALANCES
<br />LIABILITIES
<br />Vouchers and Accounts Payable 14,997$ -$ 5,236$ -$ -$ 20,233$ 22,866$
<br />Payroll Deductions 387 - - - - 387
<br />Due to Other Governments 14,035 - - - - 14,035 3,586
<br />Unearned Revenue 11,300 - - - - 11,300 7,400
<br />Due to Other Funds - - 123,375 - 3,131 126,506 27,122
<br />Total Liabilities 40,719 - 128,611 - 3,131 172,461 60,974
<br />DEFERRED INFLOWS OF RESOURCES
<br />Unavailable Resources 9,282 2,168 510,066 - 29,346 550,862 80,864
<br />FUND BALANCES
<br />Nonspendable 633 - - - - 633 931
<br />Restricted:
<br />Debt Service - 831,232 - - 35,978 867,210 102,360
<br />Park Improvements - - - - 39,462 39,462 39,125
<br />Street Projects - - - - 3,161 3,161 2,893
<br />Assigned:
<br />Capital Improvements Benefiting
<br />Individual Property Owners - - - 132,336 - 132,336 131,209
<br />Unassigned 259,891 - (128,611) - (1,729) 129,551 285,803
<br />Total Fund Balances 260,524 831,232 (128,611) 132,336 76,872 1,172,353 562,321
<br />Total Liabilities, Deferred Inflows of
<br /> Resources, and Fund Balances 310,525$ 833,400$ 510,066$ 132,336$ 109,349$ 1,895,676$ 704,159$
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