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2023 Financial Statements
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2023 Financial Statements
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11/20/2025 10:26:26 AM
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10/7/2025 6:34:47 PM
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FIN02620
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Financial Statements
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Operating Capital <br />Charges for Grants and Grants and <br />Functions/Programs Expenses Services Contributions Contributions <br />Governmental activities <br />General government 229,235$ 21,370$ 27,653$ 828$ <br />Public safety 146,518 – 23,368 – <br />Public works 191,910 14,343 – 16,997 <br />Conservation and development 77,993 – 1,292 – <br />Interest and fiscal charges 31,617 – – – <br />Total governmental activities 677,273 35,713 52,313 17,825 <br />Business-type activities <br />Water 49,576 43,910 – – <br />Sewer 75,447 58,207 – – <br />Total business-type activities 125,023 102,117 – – <br />Total 802,296$ 137,830$ 52,313$ 17,825$ <br />General revenues <br />Property taxes <br />General purposes <br />Debt service <br />Franchise fees <br />Grants and contributions not restricted <br />Investment earnings <br />Other <br />Total general revenues <br />Change in net position <br />Net position – beginning of year <br />Net position – end of year <br />Program Revenues <br />CITY OF GEM LAKE <br />Statement of Activities <br />Year Ended December 31, 2023 <br />See notes to basic financial statements -6-
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