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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, 2015 <br /> <br /> <br /> <br />See accompanying Notes to Basic Financial Statements. <br />(11) <br /> <br />Sewer <br />Utility <br />OPERATING REVENUES <br />Public Charges for Services 65,286$ <br />OPERATING EXPENSES <br />Operating Expenses 37,748 <br />Depreciation 12,457 <br />Total Operating Expenses 50,205 <br />OPERATING INCOME 15,081 <br />NONOPERATING REVENUES <br />Interest Revenue 3,795 <br />CHANGE IN NET POSITION 18,876 <br />Net Position - Beginning of Year 902,262 <br />NET POSITION - END OF YEAR 921,138$