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G.O. Capital G.O. Capital
<br />Improvement Improvement
<br />Plan Bonds Plan Bonds Street
<br />General Series 2015A Series 2018A Improvements
<br />Assets
<br />Cash and investments 538,457$ 67,223$ 58,426$ 245,377$
<br />Receivables
<br />Accounts 15,262 – – –
<br />Accrued interest 1,043 281 215 1,209
<br />Property taxes
<br />Current 12,352 1,641 143 –
<br />Delinquent 3,519 393 115 –
<br />Special assessments
<br />Delinquent 720 – 42,305 34,879
<br />Deferred – – 366,102 160,962
<br />Due from other governments 1,682 – – –
<br />Prepaid items 1,696 69,583 49,250 –
<br />Total assets 574,731$ 139,121$ 516,556$ 442,427$
<br />Liabilities
<br />Accounts and contracts payable 22,260$ –$ –$ –$
<br />Due to other governments 4,618 – – –
<br />Accrued salaries payable 3,046 – – –
<br />Deposits payable 19,893 – – –
<br />Unearned revenue 8,535 – – –
<br />Total liabilities 58,352 – – –
<br />Deferred inflows of resources
<br />Unavailable revenue 4,968 490 408,531 192,341
<br />Fund balances
<br />Nonspendable 1,696 69,583 49,250 –
<br />Restricted for debt service – 69,048 58,775 –
<br />Restricted for park improvements – – – –
<br />Assigned for capital improvements – – – 250,086
<br />Unassigned 509,715 – – –
<br />Total fund balances 511,411 138,631 108,025 250,086
<br />Total liabilities, deferred inflows
<br /> of resources, and fund balances 574,731$ 139,121$ 516,556$ 442,427$
<br />CITY OF GEM LAKE
<br />Balance Sheet
<br />Governmental Funds
<br />December 31, 2023
<br />See notes to basic financial statements -8-
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