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2011 Financial Reports
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2011 Financial Reports
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11/18/2025 3:48:30 PM
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10/8/2025 12:16:20 PM
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Financial/Accounting
Code
FIN02620
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FINANCIAL STATEMENTS
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PERMANENT
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CITY OF GEM LAKE, MINNESOTA <br />STATEMENT OF NET ASSETS <br />PROPRIETARY FUND <br />DECEMBER 1, 20111 <br />ASSETS <br />Cash and Cash Equivalents <br />Customer Accounts Receivable <br />Accrued Interest Receivable <br />Special Assessments Receivable: <br />Prepaid,Expenses <br />Total Current Assets <br />Capital Assets: <br />Utility Plant in Service <br />Accumulated Depreciation <br />Net Capital Assets <br />Total Assets <br />LIABILITIES <br />Accounts. Payable <br />NET ASSETS <br />Invested Jn Capital Assets, Net of Related. Debt <br />Unrestricted <br />Total Net Assets <br />Sewer <br />Utility <br />:$ 303;208 <br />16,458 <br />1,259 <br />4,68:1 <br />7,029 <br />332635. <br />6.17;539 <br />(86,973) <br />530;566 <br />863,201 <br />1.44 . <br />530,556 <br />332,491 <br />$ 853.,057 <br />see accompanying dotes to Basic Financial Statements. <br />(11) <br />
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