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G.O. Capital G.O. Capital <br />Improvement Improvement <br />Plan Bonds Plan Bonds Hoffman <br />General Series 2007A Series 2018A Road <br />Assets <br />Cash and investments 294,991$ 127,286$ 77,442$ –$ <br />Receivables <br />Accounts 1,706 – – – <br />Accrued interest 1,252 181 34 – <br />Property taxes <br />Current 13,121 2,252 111 – <br />Delinquent 11 2 – – <br />Special assessments <br />Current 490 – 40,678 – <br />Deferred – – 488,137 – <br />Due from other governments 2,356 – – – <br />Prepaid items 1,137 – – – <br />Total assets 315,064$ 129,721$ 606,402$ –$ <br />Liabilities <br />Accounts and contracts payable 29,638$ 576$ 476$ –$ <br />Due to other governments 4,395 – – – <br />Accrued salaries payable 750 – – – <br />Deposits payable 14,693 – – – <br />Unearned revenue 1,900 – – – <br />Total liabilities 51,376 576 476 – <br />Deferred inflows of resources <br />Unavailable revenue 501 2 523,287 – <br />Fund balances <br />Nonspendable 1,137 – – – <br />Restricted for debt service – 129,143 82,639 – <br />Restricted for park improvements – – – – <br />Assigned for capital improvements – – – – <br />Unassigned 262,050 – – – <br />Total fund balances 263,187 129,143 82,639 – <br />Total liabilities, deferred inflows <br /> of resources, and fund balances 315,064$ 129,721$ 606,402$ –$ <br />CITY OF GEM LAKE <br />Balance Sheet <br />Governmental Funds <br />December 31, 2020 <br />See notes to basic financial statements -7-