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G.O. Capital G.O. Capital
<br />Improvement Improvement
<br />Plan Bonds Plan Bonds Street
<br />General Series 2015A Series 2018A Improvements
<br />Assets
<br />Cash and investments 313,020$ 63,618$ 43,298$ 422,821$
<br />Receivables
<br />Accounts 1,706 – – –
<br />Accrued interest 503 193 72 961
<br />Property taxes
<br />Current 9,841 1,788 199 –
<br />Delinquent 296 55 5 –
<br />Special assessments
<br />Current 697 – 43,953 36,818
<br />Delinquent 38 – – 68
<br />Deferred – – 447,459 230,721
<br />Due from other governments 3,304 – – –
<br />Prepaid items 1,228 71,012 50,450 –
<br />Total assets 330,633$ 136,666$ 585,436$ 691,389$
<br />Liabilities
<br />Accounts and contracts payable 36,057$ 475$ 575$ 112,716$
<br />Due to other governments 8,280 – – –
<br />Accrued salaries payable 2,392 – – –
<br />Deposits payable 14,893 – – –
<br />Unearned revenue 14,202 – – –
<br />Total liabilities 75,824 475 575 112,716
<br />Deferred inflows of resources
<br />Unavailable revenue 964 55 488,141 265,668
<br />Fund balances
<br />Nonspendable 1,228 71,012 50,450 –
<br />Restricted for debt service – 65,124 46,270 –
<br />Restricted for park improvements – – – –
<br />Assigned for capital improvements – – – 313,005
<br />Unassigned 252,617 – – –
<br />Total fund balances 253,845 136,136 96,720 313,005
<br />Total liabilities, deferred inflows
<br /> of resources, and fund balances 330,633$ 136,666$ 585,436$ 691,389$
<br />CITY OF GEM LAKE
<br />Balance Sheet
<br />Governmental Funds
<br />December 31, 2021
<br />See notes to basic financial statements -8-
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