|
G.O. Capital G.O. Capital
<br />Improvement Improvement
<br />Plan Bonds Plan Bonds Street
<br />General Series 2015A Series 2018A Improvements
<br />Revenue
<br />Taxes
<br />Property taxes 445,250$ 80,823$ 9,060$ –$
<br />Franchise fees 8,436 – – –
<br />Special assessments – – 61,831 45,718
<br />Intergovernmental 48,782 – – –
<br />Licenses and permits 27,109 – – –
<br />Fines and forfeitures 267 – – –
<br />Charges for services 1,957 – – –
<br />Investment earnings (charges)(11,758) (340) 343 8,856
<br />Facility rental 8,812 – – –
<br />Miscellaneous 1,137 – 222 –
<br />Total revenue 529,992 80,483 71,456 54,574
<br />Expenditures
<br />Current
<br />General government 185,608 – – –
<br />Public safety 111,465 – – –
<br />Public works 67,942 – – –
<br />Conservation and development 142,193 – – –
<br />Capital outlay 7,126 – – 218,572
<br />Debt service
<br />Principal – 60,000 35,000 –
<br />Interest and fiscal charges – 13,490 22,375 –
<br />Total expenditures 514,334 73,490 57,375 218,572
<br />Excess (deficiency) of revenue
<br /> over expenditures 15,658 6,993 14,081 (163,998)
<br />Other financing sources (uses)
<br />Transfers in – – – 25,000
<br />Transfers (out)(25,000) – – –
<br />Total other financing
<br /> sources (uses)(25,000) – – 25,000
<br />Net change in fund balances (9,342) 6,993 14,081 (138,998)
<br />Fund balances
<br />Beginning of year 263,187 129,143 82,639 452,003
<br />End of year 253,845$ 136,136$ 96,720$ 313,005$
<br />CITY OF GEM LAKE
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />Governmental Funds
<br />Year Ended December 31, 2021
<br />See notes to basic financial statements -11-
|