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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, 2017
<br />
<br />
<br />
<br />See accompanying Note to Required Supplementary Information.
<br />(29)
<br />
<br />Budgeted Amounts
<br />Actual Variance with
<br />Original Final Amounts Final Budget
<br />REVENUES
<br />Taxes 363,294$ 363,294$ 359,657$ (3,637)$
<br />Intergovernmental 12,489 12,489 16,619 4,130
<br />Licenses and Permits 28,525 28,525 45,772 17,247
<br />Fines and Forfeits 3,000 3,000 1,072 (1,928)
<br />Public Charges for Services 4,228 4,228 36,949 32,721
<br />Miscellaneous:
<br />Interest 1,890 1,890 869 (1,021)
<br />Other 4,500 4,500 14,918 10,418
<br />Total Revenues 417,926 417,926 475,856 57,930
<br />EXPENDITURES
<br />General Government 133,498 133,498 129,980 3,518
<br />Public Safety 129,728 129,728 121,247 8,481
<br />Public Works 40,950 40,950 30,952 9,998
<br />Conservation and Development 115,800 115,800 78,121 37,679
<br />Total Expenditures 419,976 419,976 360,300 59,676
<br />NET CHANGE IN FUND BALANCE (2,050)$ (2,050)$ 115,556 117,606$
<br />Fund Balance - Beginning of Year 213,585
<br />FUND BALANCE - END OF YEAR 329,141$
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