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CITY OF GEM LAKE, MINNESOTA. <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />DECEMBER 31,.2011 <br />NOTE 8 FUND BALANCES <br />Certain portions. of fund balance are restricted to provide for funding on certain long-term <br />liabilities or as required by other outside parties. Restricted, Committed and Assigned fund <br />balances at December.31, 2011, are as follows: <br />A. Restricted for Debt Service -- This represents amounts which are restricted. for <br />future debt payments. <br />B. Restricted for Park Improvements -- Represents amounts which are received <br />through park dedication ;fees and are restricted for park acquisitions and <br />improvements. <br />C. Assigned for Capital Improvements Benefitting Individual Property Owners — <br />Represents amounts which are assigned `by the City to finance future road <br />improvement projects benefitting individual property owners. <br />