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CITY OF GEM LAKE, MINNESOTA
<br />STATEMENT OF ACTIVITIES
<br />YEAR ENDED DECEMBER 31, 2017
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(5)
<br />
<br />FUNCTIONS/PROGRAMS
<br />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 153,872$ 63,256$ 13,337$ -$ (77,279)$ -$ (77,279)$
<br />Public Safety 121,247 - - - (121,247) - (121,247)
<br />Public Works 61,650 33,112 - (11,382) (39,920) - (39,920)
<br />Conservation and Development 57,398 - - - (57,398) - (57,398)
<br />Interest and Fiscal Charges 17,777 - - - (17,777) - (17,777)
<br />Total Governmental Activities 448,621 96,368 13,337 (11,382) (350,298) - (350,298)
<br /> BUSINESS-TYPE ACTIVITIES
<br />Sewer 54,927 56,140 - - - 1,213 1,213
<br />Total Primary Government 503,548$ 152,508$ 13,337$ (11,382)$ (350,298) 1,213 (349,085)
<br />GENERAL REVENUES
<br />Taxes:
<br />Property Taxes, Levied for General Purposes 363,848 - 363,848
<br /> Property Taxes, Levied for Debt Service 75,292 - 75,292
<br />Investment Earnings (Loss) 23 3,170 3,193
<br />Miscellaneous 297 - 297
<br />Total General Revenues 444,788 3,170 447,958
<br />CHANGE IN NET POSITION 94,490 4,383 98,873
<br />Net Position - Beginning of Year 1,248,065 927,746 2,175,811
<br />NET POSITION - END OF YEAR 1,342,555$ 932,129$ 2,274,684$
<br />Program Revenues
<br />Net (Expense) Revenue and
<br />Changes in Net Position
<br />
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