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CITY OF GEM LAKE, MINNESOTA <br />STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION <br />PROPRIETARY FUND <br />YEAR ENDE❑ DECEMSER:31, 2012 <br />Sewer <br />utility <br />OPERATING REVENUES. <br />. Public Charges for Services: <br />$ 57.,139 <br />OPERATING EXPENSES <br />Operating Expenses <br />25,006 <br />Depreciation <br />12,457 <br />Total Operating Expenses <br />37,4.63 <br />OPERATING INCOME <br />19,616 <br />�-- NONOPERATING REVENUES. <br />Interest Revenue <br />5,478. <br />CHANGE IN NET POSITION <br />2.5,154 <br />Net Position -Beginning of Year <br />863,057 <br />NET POSITION - END :OF YEAR <br />$ 888,211 <br />See accompanying Notes to Basic Financial Statements. <br />w (13) <br />