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Water Sewer Total <br />Operating revenue <br />Charges for services 33,051$ 55,823$ 88,874$ <br />Operating expenses <br />Operating expenses 23,489 38,036 61,525 <br />Depreciation 13,469 16,066 29,535 <br />Total operating expenses 36,958 54,102 91,060 <br />Operating income (loss)(3,907) 1,721 (2,186) <br />Nonoperating income (expense) <br />Investment earnings (charges)(525) (2,394) (2,919) <br />Change in net position (4,432) (673) (5,105) <br />Net position <br />Beginning of year 607,882 1,106,125 1,714,007 <br />End of year 603,450$ 1,105,452$ 1,708,902$ <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, 2021 <br />See notes to basic financial statements -16-