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CITY OF GEM LAKE, MINNESOTA
<br />STATEMENT OPREVENUES; EXPENDITURES, AND CHANGES:IN FUND BALANCES
<br />GOVERNMENTAL FUNDS
<br />YEAR ENDED DECEMBER 31, 2016
<br />(WITH SUMMARIZED FINANCIAL INFORMATION FOR YEAR ENDED DECEMBER 31, 2015)
<br />G.Q. Capital
<br />2016
<br />Improvement
<br />Hoffman
<br />Street
<br />Other
<br />Total
<br />General
<br />Plan Bonds
<br />Road
<br />Improvements
<br />Governmental
<br />Governmental
<br />2016
<br />Fund
<br />Series 2007A
<br />Fund
<br />Fund
<br />Funds
<br />Funds
<br />Totak.
<br />REVENUES
<br />Taxes
<br />S 223.118
<br />.5 69;261
<br />S
<br />S -
<br />$
<br />5 292.379
<br />$ 281,341
<br />Special Assessments
<br />799
<br />65,938.
<br />-
<br />14.383
<br />81120
<br />42,427
<br />Intergovernmental.
<br />9,796.
<br />-
<br />9'796
<br />Licenses and Permits
<br />34jo8
<br />34,108
<br />391=
<br />Fines and Forfeits
<br />3,210
<br />-
<br />3,210
<br />2,182
<br />Public Charges for Services
<br />5,705
<br />-
<br />-
<br />-
<br />Ojos
<br />12,927
<br />Miscellaneous:
<br />Earnings (Loss) on Investments
<br />1,761
<br />943
<br />(5,024)
<br />989
<br />1.0.14
<br />(377)%
<br />8,350•
<br />Other
<br />.17,084
<br />17;084
<br />53.989
<br />Total Revenues
<br />295.621
<br />70,204
<br />60,914
<br />989
<br />15,397
<br />443,025
<br />418,768
<br />EXPENDITURES
<br />Current:
<br />General Government
<br />134;037
<br />-
<br />134,037
<br />124,999
<br />Public Safety
<br />119.793
<br />-
<br />119.793
<br />115.115
<br />Public Works
<br />$7,508
<br />-
<br />-
<br />37,508
<br />102,226
<br />Conservation and Development
<br />51,122
<br />-
<br />51,122
<br />44,647
<br />Capital Outlay
<br />-
<br />323988
<br />-
<br />323,96..8
<br />118.856
<br />Debt Service:
<br />Principal
<br />745,000.
<br />745,000
<br />15,000
<br />Interest and Fiscal Charges
<br />35.421
<br />-
<br />35.Q1
<br />32i904
<br />Debt Issuance Costs
<br />-
<br />29;985
<br />Total Expenditures
<br />342.460
<br />780.421
<br />323.988
<br />1.446,869
<br />553.734
<br />NET CHANGE IN FUND BALANCES
<br />(46.939).
<br />(710,217)
<br />(263,074)
<br />989
<br />15,397
<br />(1,003,844)
<br />610,032
<br />Fund-Elalances- Beginning of Year
<br />260,524
<br />M.232
<br />(128,611)
<br />132.336 .
<br />76;872
<br />1,172;353
<br />562.321 .
<br />FUND -BALANCES.- END OF YEAR
<br />$ 213,MS
<br />$ 121,015
<br />$ (391,685)
<br />S 133.325
<br />S 92,269
<br />$ 168,509
<br />S 1,1721353
<br />See accompanying Notes to Basic Financial Statements.
<br />(8)
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