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dt'Y OF GEM. LAKE <br />Statement of Revenue, Expenditures; and Changes in Fund Balances: <br />Governmental Funds. <br />Year Ended December 31, 2024 <br />G.O. Capital <br />G.O.. Capital <br />Improvement <br />Improvement <br />Plan Bonds. <br />Plan Bonds <br />Street. <br />General <br />Series 2015A <br />Series 20.18A <br />Improvements <br />Revenue <br />Taxes <br />Property tai es <br />. $ 611;952 <br />S 7.5,494. <br />'& 5,256 <br />S — <br />Franchise fees <br />9,200 <br />— <br />— <br />— <br />Special assessments <br />4.80 <br />— <br />57,154 <br />38;91 l <br />intergovernmental <br />30x647 <br />— <br />— <br />— <br />Licenses and permits <br />46,144 <br />— <br />— <br />-- <br />Fines and forfeitures <br />.843 <br />— <br />— <br />— <br />Charges. for services <br />3.1.756 <br />— <br />-- <br />- <br />Investment earnings <br />13.1262 <br />3,53,1. <br />2,711 <br />15;1-96 <br />Facilitv rental. <br />7:5.10 <br />— <br />— <br />— <br />Miscellaneous. <br />18.377 <br />-- <br />8 <br />— <br />Total revenue. <br />770J71 <br />1912.15 <br />65;179 <br />$4,101 <br />Expenditures:. <br />Current <br />Generai government <br />222,349 <br />— <br />— <br />Public. safety. <br />207 -710 <br />— <br />— <br />— <br />'Publi"c works. <br />30;297 <br />— <br />— <br />— <br />Conservation and development. <br />— <br />Capital outlay <br />53:041 <br />— <br />— <br />— <br />Debt. service <br />Principal <br />— <br />6000 <br />40,000 <br />— <br />Interest and fiscal charges. <br />8,064 <br />18,325 <br />— <br />Total expenditures <br />600;827 <br />73,964 <br />58,325. <br />— <br />Exces54fievenue over expenditures. <br />1.69:344 <br />5 251 <br />6,804 <br />54,107 <br />Other financing sources ('uses) <br />Transfers in <br />- <br />- <br />- <br />20,000 <br />Transfers (out) <br />(20,000) <br />— <br />— <br />—. <br />Total other financinIg sources (.uses) <br />(.20.00) <br />— <br />— <br />20.000 <br />Net change,in Aind.balances <br />14044 <br />5,2a1 <br />6,804 <br />74:107 <br />Fund balances <br />Beginning..of year <br />511,41 P <br />13.8,63.1 <br />108,025 <br />250.086 <br />.End of year <br />$ 660,755 <br />S 143,882 <br />$' 114.829 <br />$ 324.193 <br />See notes to.basic financial statements -11- <br />