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CITY OF GEM LAKE, MINNESOTA
<br />STATEMENT OF ACTIVITIES
<br />YEAR ENDED DECEMBER 31, 2015
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(5)
<br />
<br />FUNCTIONS/PROGRAMS Expenses
<br />Fees,
<br />Charges,
<br />Fines, and
<br />Other
<br />Operating
<br />Grants and
<br />Contributions
<br />Capital
<br />Grants and
<br />Contributions
<br />Governmental
<br />Activities
<br />Business-
<br />Type
<br />Activities Total
<br /> GOVERNMENTAL ACTIVITIES
<br />General Government 203,592$ 78,516$ 8,400$ -$ (116,676)$ -$ (116,676)$
<br />Public Safety 115,115 - - - (115,115) - (115,115)
<br />Public Works 190,676 23,431 - 513,917 346,672 - 346,672
<br />Conservation and Development 50,125 - - - (50,125) - (50,125)
<br />Interest and Fiscal Charges 63,102 - - - (63,102) - (63,102)
<br />Total Governmental Activities 537,206 101,947 8,400 513,917 87,058 - 87,058
<br /> BUSINESS-TYPE ACTIVITIES
<br />Sewer 50,205 65,286 - - - 15,081 15,081
<br />Total Primary Government 587,411$ 167,233$ 8,400$ 513,917$ 87,058 15,081 102,139
<br />GENERAL REVENUES
<br />Taxes:
<br />Property Taxes, Levied for General Purposes 201,019 - 201,019
<br /> Property Taxes, Levied for Debt Service 48,830 - 48,830
<br />Investment Earnings (Loss) 3,350 3,795 7,145
<br />Miscellaneous 2,354 - 2,354
<br />Total General Revenues 264,500 3,795 268,295
<br />CHANGE IN NET POSITION 351,558 18,876 370,434
<br />Net Position - Beginning of Year 949,805 902,262 1,852,067
<br />NET POSITION - END OF YEAR 1,301,363$ 921,138$ 2,222,501$
<br />Program Revenues
<br />Net (Expense) Revenue and
<br />Changes in Net Position
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