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2024 Financial Statements
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2024 Financial Statements
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11/20/2025 10:25:57 AM
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10/7/2025 6:35:09 PM
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FIN02620
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Financial Statements
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CITY OF GEM LAKE <br />Siatemed -&-Revenue. Expenses; awid.Ohatiges m. Net Position <br />Proprietary Funds <br />Year Ended December 31*,1024 <br />Operating revenue. <br />Charges for services <br />Operating expenses <br />Operating. expenses <br />Depreciation <br />'total operating expenses <br />Operating income (loss) <br />Nonoperating income (expense} <br />Investment earnings (charges.) <br />Change in -net position <br />Net position <br />Beginning i►fyear, as-previouslyreported <br />Error correction <br />Beginning,of.year, as restated <br />End of year <br />Business -Type. Activities.— Enterprise: Funds <br />Water Sewer Total <br />S 24.102 <br />S 80,255 <br />S 104.357 <br />.20,954 <br />76,651 <br />97;605 <br />15;510 <br />16,379 <br />31,889. <br />36,464 <br />93,030 <br />129,494 <br />(12,362) <br />(12,775.) <br />.(25,1.17) <br />(3,339) <br />21,904 <br />1.8;570 <br />(1'1M1) <br />9,.134 <br />(6;567) <br />.5 57;574 <br />.1,092,0.90 <br />1,649,664 <br />— <br />9;776 _ <br />9.776 <br />.551,574 <br />.1,101,866 <br />1,,659A40 <br />541;873 <br />1,111,000 <br />- 0552,873 <br />See. notes to. basicfinancial statements -16- <br />
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