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CITY OF GEM LAKE, MINNESOTA
<br />STATEMENT OF ACTIVITIES
<br />YEAR ENDED DECEMBER 31, 2018
<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 Grants
<br />and
<br />Contributions
<br />Governmental
<br />Activities
<br />Business-
<br />Type Activities Total
<br /> GOVERNMENTAL ACTIVITIES
<br />General Government 171,520$ 81,788$ 2,648$ 868$ (86,216)$ -$ (86,216)$
<br />Public Safety 80,122 - - - (80,122) - (80,122)
<br />Public Works 106,898 44,679 - 1,014,338 952,119 - 952,119
<br />Conservation and Development 139,529 - - - (139,529) - (139,529)
<br />Interest and Fiscal Charges 82,243 - - - (82,243) - (82,243)
<br />Total Governmental Activities 580,312 126,467 2,648 1,015,206 564,009 - 564,009
<br /> BUSINESS-TYPE ACTIVITIES
<br />Sewer 92,067 58,137 - 157,757 - 123,827 123,827
<br />Water 21,173 10,040 - 159,016 - 147,883 147,883
<br />Total Primary Government 693,552$ 194,644$ 2,648$ 1,331,979$ 564,009 271,710 835,719
<br />GENERAL REVENUES
<br />Taxes:
<br /> Property Taxes, Levied for General Purposes 366,957 - 366,957
<br /> Property Taxes, Levied for Debt Service 86,578 - 86,578
<br />Grants and Contributions Not Restricted for a Particular Purpose 6,002 - 6,002
<br />Investment Earnings (Loss) 2,348 4,072 6,420
<br />Miscellaneous 1,964 - 1,964
<br />Transfers (405,805) 405,805 -
<br />Total General Revenues 58,044 409,877 467,921
<br />CHANGE IN NET POSITION 622,053 681,587 1,303,640
<br />Net Position - Beginning of Year 1,342,555 932,129 2,274,684
<br />NET POSITION - END OF YEAR 1,964,608$ 1,613,716$ 3,578,324$
<br />Program Revenues
<br />Net (Expense) Revenue and
<br />Changes in Net Position
<br />
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