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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, 2017 <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 56,140$ <br />OPERATING EXPENSES <br />Operating Expenses 42,470 <br />Depreciation 12,457 <br />Total Operating Expenses 54,927 <br />OPERATING INCOME 1,213 <br />NONOPERATING REVENUES <br />Interest Revenue 3,170 <br />CHANGE IN NET POSITION 4,383 <br />Net Position - Beginning of Year 927,746 <br />NET POSITION - END OF YEAR 932,129$ <br /> <br />