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CITY OF GEM LAKE, MINNESOTA <br />STATEMENT OF REVENUES, EXPENSES, AND CHANGE <br />IN NET POSITION <br />PROPRIETARY FUNDS <br />{ YEAR ENDED DECEMBER 31, <br />21019 <br />Sewer <br />Water <br />2019 <br />Utility <br />Utility <br />Totals <br />OPERATING REVENUES <br />Public Charges for Services <br />$ 65,428 <br />$ 37,538 <br />$ 102,968 <br />OPERATING EXPENSES <br />Operating.Expenses <br />40,451 <br />42,688 <br />83,139 <br />Depreciation <br />16;065 <br />12,524 <br />28,589 <br />Total Operating Expenses <br />58,616 . <br />55,212 <br />111,728 <br />OPERATING INCOME <br />8,912 <br />(17,674) <br />(8,782) <br />NONOPERATING REVENUES <br />Interest Revenue. <br />8,981 <br />(95) <br />8;886 <br />INCOME BEFORE CAPITAL; <br />CONTRIBUTIONS AND TRANSFERS <br />17,893 <br />(17,769) <br />124 <br />CAPITAL CONTRIBUTIONS AND <br />TRANSFERS <br />Capital. Contributions. <br />20,886 <br />130;343. <br />151,229 <br />CHANGE IN NET POSITION <br />38,779 <br />11.21574 <br />151,353 <br />Net Position.- B.eginnin9.of Year <br />1,060,01.2 . <br />553,704 <br />1;613,716 <br />NET POSITION - END OF YEAR <br />$ 1,098,791 <br />$ 666,2.78 . <br />$ 1.765,069 <br />Sae:accompanying Notes to Basis Financial Statements. <br />(11) <br />