|
CITY OF GEM LAKE, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
<br />GOVERNMENTAL FUNDS
<br />YEAR ENDED DECEMBER 31, 2015
<br />(WITH SUMMARIZED FINANCIAL INFORMATION FOR YEAR ENDED DECEMBER 31, 2014)
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(8)
<br />
<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 />REVENUES
<br />Taxes 202,511$ 48,830$ -$ -$ -$ 251,341$ 234,479$
<br />Special Assessments - - - - 42,427 42,427 64,374
<br />Intergovernmental 13,348 - - - - 13,348 3,393
<br />Licenses and Permits 39,222 - - - - 39,222 57,674
<br />Fines and Forfeits 2,182 - - - - 2,182 3,048
<br />Public Charges for Services 12,927 - - - - 12,927 7,616
<br />Miscellaneous:
<br />Earnings (Loss) on Investments 1,677 481 (750) 1,127 815 3,350 3,068
<br />Other 53,969 - - - - 53,969 21,252
<br />Total Revenues 325,836 49,311 (750) 1,127 43,242 418,766 394,904
<br />EXPENDITURES
<br />Current:
<br />General Government 124,999 - - - - 124,999 107,590
<br />Public Safety 115,115 - - - - 115,115 109,973
<br />Public Works 102,228 - - - - 102,228 79,801
<br />Conservation and Development 44,647 - - - - 44,647 50,892
<br />Capital Outlay - - 118,856 - - 118,856 25,967
<br />Debt Service:
<br />Principal - 15,000 - - - 15,000 15,000
<br />Interest and Fiscal Charges - 32,904 - - - 32,904 33,505
<br />Debt Issuance Costs - 29,985 - - - 29,985 -
<br />Total Expenditures 386,989 77,889 118,856 - - 583,734 422,728
<br />EXCESS OF REVENUES OVER
<br /> (UNDER) EXPENDITURES (61,153) (28,578) (119,606) 1,127 43,242 (164,968) (27,824)
<br />OTHER FINANCING SOURCES (USES)
<br />Issuance of Bonds - 775,000 - - 775,000 -
<br />NET CHANGE IN FUND BALANCES (61,153) 746,422 (119,606) 1,127 43,242 610,032 (27,824)
<br />Fund Balances - Beginning of Year 321,677 84,810 (9,005) 131,209 33,630 562,321 590,145
<br />FUND BALANCES - END OF YEAR 260,524$ 831,232$ (128,611)$ 132,336$ 76,872$ 1,172,353$ 562,321$
<br />
<br />
|