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Water Sewer Total
<br />Assets
<br />Current assets
<br />Cash and investments 6,886$ 389,412$ 396,298$
<br />Receivables
<br />Accounts 4,188 15,734 19,922
<br />Accrued interest (200) 1,042 842
<br />Due from other funds – 100,664 100,664
<br />Prepaid items – 4,458 4,458
<br />Total current assets 10,874 511,310 522,184
<br />Noncurrent assets
<br />Capital assets
<br />Infrastructure 734,262 813,678 1,547,940
<br />Less accumulated depreciation (75,309) (239,895) (315,204)
<br />Total capital assets, net of
<br /> accumulated depreciation 658,953 573,783 1,232,736
<br />Total assets 669,827$ 1,085,093$ 1,754,920$
<br />Liabilities
<br />Current liabilities
<br />Accounts and contracts payable –$ 63$ 63$
<br />Due to other funds 100,664 – 100,664
<br />Due to other governments 1,144 – 1,144
<br />Total liabilities 101,808 63 101,871
<br />Net position
<br />Net investment in capital assets 658,953 573,783 1,232,736
<br />Unrestricted (90,934) 511,247 420,313
<br />Total net position 568,019 1,085,030 1,653,049
<br />Total liabilities and net position 669,827$ 1,085,093$ 1,754,920$
<br />Business-Type Activities – Enterprise Funds
<br />CITY OF GEM LAKE
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2022
<br />See notes to basic financial statements -15-
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