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CITY OF GEM LAKE, MINNESOTA
<br />STATEMENT OF ACTIVITIES
<br />YEAR ENDED DECEMBER 31, 2019
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(5)
<br />
<br />FUNCTIONS/PROGRAMS
<br />Expenses
<br />Fees, 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-Type
<br />Activities Total
<br /> GOVERNMENTAL ACTIVITIES
<br />General Government 168,165$ 50,867$ 9,172$ 385$ (107,741)$ -$ (107,741)$
<br />Public Safety 85,725 - - - (85,725) - (85,725)
<br />Public Works 110,651 83,772 - 56,382 29,503 - 29,503
<br />Conservation and Development 97,789 - - - (97,789) - (97,789)
<br />Interest and Fiscal Charges 38,960 - - - (38,960) - (38,960)
<br />Total Governmental Activities 501,290 134,639 9,172 56,767 (300,712) - (300,712)
<br /> BUSINESS-TYPE ACTIVITIES
<br />Sewer 56,516 65,428 - - - 8,912 8,912
<br />Water 55,212 37,538 - - - (17,674) (17,674)
<br />Total Primary Government 613,018$ 237,605$ 9,172$ 56,767$ (300,712) (8,762) (309,474)
<br />GENERAL REVENUES
<br />Taxes:
<br /> Property Taxes, Levied for General Purposes 379,392 - 379,392
<br /> Property Taxes, Levied for Debt Service 73,702 - 73,702
<br />Grants and Contributions Not Restricted for a Particular Purpose 13 - 13
<br />Investment Earnings 18,095 8,886 26,981
<br />Miscellaneous 2,500 - 2,500
<br />Transfers (151,229) 151,229 -
<br />Total General Revenues 322,473 160,115 482,588
<br />CHANGE IN NET POSITION 21,761 151,353 173,114
<br />Net Position - Beginning of Year 1,964,608 1,613,716 3,578,324
<br />NET POSITION - END OF YEAR 1,986,369$ 1,765,069$ 3,751,438$
<br />Program Revenues
<br />Net (Expense) Revenue and
<br />Changes in Net Position
<br />
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