|
CITY OF GEM. LAKE
<br />Statement of Net .Position
<br />December 31., .2024
<br />Governmental Business -Type
<br />. Activities Activities Total
<br />Assets
<br />Cash and investments
<br />$ 1;ZQ1,009-
<br />$ 407,071
<br />$ 14068,680.
<br />Receivables
<br />Accounts
<br />1.3,12.1
<br />27,193
<br />40,924
<br />Accrued interest
<br />3..277
<br />1,'5.54
<br />4.831
<br />Property taxes
<br />10,975
<br />—
<br />10.975
<br />Special assessments
<br />527,466
<br />—
<br />527.466
<br />Due from other governments
<br />2,951
<br />—
<br />2,951
<br />Prepaid items
<br />110,039'.
<br />--
<br />1 19.939.
<br />Capital :assets
<br />Not.being depreciated
<br />2,500
<br />—
<br />2,500
<br />Depreciated, net of accumulated depreciation
<br />1,540,233
<br />1,161,98.1
<br />2.702,214
<br />Total assets
<br />$ 3,421A7)
<br />S 1,659.009
<br />$ 5,080.,480
<br />Liabilities
<br />Accounts and contracts payable
<br />$ 18,030
<br />S. 3
<br />S 18,033
<br />Accrued interest payable
<br />10391
<br />—
<br />I0,351
<br />Due to. -other governments
<br />11022
<br />6,133
<br />19.155
<br />Accrued salaries payable
<br />3,891
<br />--
<br />.3,891*
<br />Deposits payable
<br />lOt)
<br />Unearned revenue
<br />6,14,0.
<br />—
<br />.6,-140
<br />Long-term liabilities
<br />Amounts due in one.year
<br />105,000.
<br />—
<br />105,000
<br />Amounts due in more than one year
<br />655.953
<br />—
<br />GSS,953.
<br />Total liabilities
<br />.015,527'
<br />6,130
<br />821,663
<br />Net position
<br />Net investment in capital assets
<br />7.91,780.
<br />1,161,98.1
<br />-.I,943,7.61:
<br />Restricted for tlebt. service.
<br />ti17,541
<br />—
<br />617;541 .
<br />Restricted for park 'improvements
<br />53.11-5-
<br />—
<br />53,175
<br />Unrestricted
<br />1,153 44:8-
<br />490.Ml
<br />1,644,540
<br />Total net position
<br />2.6..05,944
<br />1j652,873
<br />4,259,817
<br />Total liabilities and net position.
<br />3442.1,471
<br />S 1,659,009
<br />$ 5,090,480
<br />See:notes:to basic financial. statements -5.-
<br />
|