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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, 2015
<br />
<br />
<br />
<br />See accompanying Note to Required Supplementary Information.
<br />(28)
<br />
<br />Budgeted Amounts
<br />Actual Variance with
<br />Original Final Amounts Final Budget
<br />REVENUES
<br />Taxes 204,655$ 204,655$ 202,511$ (2,144)$
<br />Intergovernmental 5,809 5,809 13,348 7,539
<br />Licenses and Permits 26,600 26,600 39,222 12,622
<br />Fines and Forfeits 3,500 3,500 2,182 (1,318)
<br />Public Charges for Services 5,100 5,100 12,927 7,827
<br />Miscellaneous:
<br />Interest 5,070 5,070 1,677 (3,393)
<br />Other 1,198 1,198 53,969 52,771
<br />Total Revenues 251,932 251,932 325,836 73,904
<br />EXPENDITURES
<br />General Government 122,479 122,479 124,999 (2,520)
<br />Public Safety 116,483 116,483 115,115 1,368
<br />Public Works 53,650 53,650 102,228 (48,578)
<br />Conservation and Development 39,320 39,320 44,647 (5,327)
<br />Total Expenditures 331,932 331,932 386,989 (55,057)
<br />NET CHANGE IN FUND BALANCE (80,000)$ (80,000)$ (61,153) 18,847$
<br />Fund Balance - Beginning of Year 321,677
<br />FUND BALANCE - END OF YEAR 260,524$
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