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Water Sewer Total
<br />Assets
<br />Current assets
<br />Cash and investments –$ 406,715$ 406,715$
<br />Receivables
<br />Accounts 3,759 29,656 33,415
<br />Accrued interest – 809 809
<br />Due from other funds – 72,052 72,052
<br />Due from other governments – 4 4
<br />Prepaid items – 6,375 6,375
<br />Total current assets 3,759 515,611 519,370
<br />Noncurrent assets
<br />Capital assets
<br />Infrastructure 734,262 813,678 1,547,940
<br />Less accumulated depreciation (61,840) (223,829) (285,669)
<br />Total capital assets, net of
<br /> accumulated depreciation 672,422 589,849 1,262,271
<br />Total assets 676,181$ 1,105,460$ 1,781,641$
<br />Liabilities
<br />Current liabilities
<br />Accounts and contracts payable –$ 8$ 8$
<br />Due to other funds 72,052 – 72,052
<br />Due to other governments 679 – 679
<br />Total liabilities 72,731 8 72,739
<br />Net position
<br />Net investment in capital assets 672,422 589,849 1,262,271
<br />Unrestricted (68,972) 515,603 446,631
<br />Total net position 603,450 1,105,452 1,708,902
<br />Total liabilities and net position 676,181$ 1,105,460$ 1,781,641$
<br />Business-Type Activities – Enterprise Funds
<br />CITY OF GEM LAKE
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2021
<br />See notes to basic financial statements -15-
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