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Water Sewer Total <br />Operating revenue <br />Charges for services 11,542$ 57,893$ 69,435$ <br />Water and sewer availability charges 4,500 4,050 8,550 <br />Total operating revenue 16,042 61,943 77,985 <br />Operating expenses <br />Operating expenses 60,506 44,836 105,342 <br />Depreciation 13,469 16,067 29,536 <br />Total operating expenses 73,975 60,903 134,878 <br />Operating income (loss)(57,933) 1,040 (56,893) <br />Nonoperating income (expense) <br />Investment earnings (charges)(463) 6,294 5,831 <br />Change in net position (58,396) 7,334 (51,062) <br />Net position <br />Beginning of year 666,278 1,098,791 1,765,069 <br />End of year 607,882$ 1,106,125$ 1,714,007$ <br />Business-Type Activities – Enterprise Funds <br />CITY OF GEM LAKE <br />Statement of Revenue, Expenses, and Changes in Net Position <br />Proprietary Funds <br />Year Ended December 31, 2020 <br />See notes to basic financial statements -15-