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CITY OF GEM LAKE, MINNESOTA <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />DECEMBER 31, 2a19 <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,.2019 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. Restricted for Street Projects — Represents amounts: which are received from <br />special assessments and are restricted for street projects, <br />❑. Assigned for Capital Improvements Benefitting individual Property Owners -- <br />Represents amouhts which are received from. special assessments and. are assigned <br />for capital. improvements benefitting individual properlty owners. <br />(28) <br />