|
Water Sewer Total
<br />Assets
<br />Current assets
<br />Cash and investments 3,691$ 433,460$ 437,151$
<br />Receivables
<br />Accounts 3,865 15,012 18,877
<br />Accrued interest (charges)(274) 1,737 1,463
<br />Due from other funds – 85,458 85,458
<br />Total current assets 7,282 535,667 542,949
<br />Noncurrent assets
<br />Capital assets
<br />Infrastructure 734,262 813,678 1,547,940
<br />Less accumulated depreciation (96,856) (257,214) (354,070)
<br />Total capital assets, net of
<br /> accumulated depreciation 637,406 556,464 1,193,870
<br />Total assets 644,688$ 1,092,131$ 1,736,819$
<br />Liabilities
<br />Current liabilities
<br />Accounts and contracts payable –$ 41$ 41$
<br />Due to other funds 85,458 – 85,458
<br />Due to other governments 1,656 – 1,656
<br />Total liabilities 87,114 41 87,155
<br />Net position
<br />Net investment in capital assets 637,406 556,464 1,193,870
<br />Unrestricted (79,832) 535,626 455,794
<br />Total net position 557,574 1,092,090 1,649,664
<br />Total liabilities and net position 644,688$ 1,092,131$ 1,736,819$
<br />Business-Type Activities – Enterprise Funds
<br />CITY OF GEM LAKE
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2023
<br />See notes to basic financial statements -15-
|