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CITY OF GEM LAKE, MINNESOTA <br />STATEMENT OF NET POSITION <br />PROPRIETARY FUND <br />DECEMBER 31, 2017 <br /> <br /> <br /> <br />See accompanying Notes to Basic Financial Statements. <br />(10) <br /> <br />Sewer <br />Utility <br />ASSETS <br />Cash and Cash Equivalents 96,359$ <br />Customer Accounts Receivable 16,337 <br />Accrued Interest Receivable 129 <br />Special Assessments Receivable 901 <br />Due From Other Funds 362,859 <br />Prepaid Items 2,250 <br />Total Current Assets 478,835 <br />Capital Assets: <br />Utility Plant in Service 617,539 <br />Accumulated Depreciation (161,714) <br />Net Capital Assets 455,825 <br />Total Assets 934,660 <br />LIABILITIES <br />Accounts Payable 22 <br />Due to Other Governments 2,509 <br />Total Liabilities 2,531 <br />NET POSITION <br />Net Investment in Capital Assets 455,825 <br />Unrestricted 476,304 <br />Total Net Position 932,129$ <br /> <br />