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Water Sewer Total
<br />Assets
<br />Current assets
<br />Cash and investments –$ 400,543$ 400,543$
<br />Receivables
<br />Accounts 3,531 31,302 34,833
<br />Accrued interest – 860 860
<br />Due from other funds – 76,496 76,496
<br />Due from other governments – 75 75
<br />Prepaid items – 3,237 3,237
<br />Total current assets 3,531 512,513 516,044
<br />Noncurrent assets
<br />Capital assets
<br />Infrastructure 734,262 813,678 1,547,940
<br />Less accumulated depreciation (48,371) (207,763) (256,134)
<br />Total capital assets, net of
<br /> accumulated depreciation 685,891 605,915 1,291,806
<br />Total assets 689,422$ 1,118,428$ 1,807,850$
<br />Liabilities
<br />Current liabilities
<br />Accounts and contracts payable –$ 8,633$ 8,633$
<br />Due to other funds 76,496 – 76,496
<br />Due to other governments 5,044 3,670 8,714
<br />Total liabilities 81,540 12,303 93,843
<br />Net position
<br />Net investment in capital assets 685,891 605,915 1,291,806
<br />Unrestricted (78,009) 500,210 422,201
<br />Total net position 607,882 1,106,125 1,714,007
<br />Total liabilities and net position 689,422$ 1,118,428$ 1,807,850$
<br />Business-Type Activities – Enterprise Funds
<br />CITY OF GEM LAKE
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2020
<br />See notes to basic financial statements -14-
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