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CITY OF GEM LAKE, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2015
<br />ASSETS
<br />Cash and Investments
<br />Cash with .Fiscal Agent
<br />Taxes Receivable
<br />Special Assessments Receivable
<br />Accounts Receivable
<br />Due.from Other Governments
<br />Accrued Interest
<br />Prepaid Items
<br />Capital Assets:
<br />Capital Assets Not Being Depreciated
<br />Capital Assets. Being Depreciated
<br />Accumulated Depreciation
<br />Total Assets
<br />LIABILITIES
<br />Governmental Business -Type.
<br />Activities Activities Total
<br />$ 462297 $
<br />412;733 $
<br />875,030
<br />740:503
<br />-
<br />740,503
<br />14,282
<br />-
<br />14,282
<br />541,856
<br />3,565
<br />5.45,421
<br />5,972
<br />22;226
<br />28;198
<br />1,1.53
<br />_
<br />1.153.
<br />2.;474
<br />2,008
<br />4,48.2
<br />633
<br />•2,342
<br />2,975
<br />94,367 - 94,367
<br />1;6271915 617,539 2,245,454
<br />616;522. (136,800) {753,322
<br />2,99.8 30.5 923,613 3,9211918
<br />Vouchers and Accounts Payable
<br />20,233
<br />15
<br />20,246
<br />Accrued Payable
<br />13,356
<br />-
<br />13;356
<br />interest
<br />fit.... Due to Governments
<br />137,410
<br />2,460
<br />139,870
<br />.Other
<br />Payroll Taxes and Withholdings
<br />387
<br />-
<br />387
<br />Unearned Revenue
<br />1.1,30.0
<br />-
<br />11,300
<br />Long -Term Liabilities:
<br />Amounts Due Within One. Year
<br />745,000
<br />-
<br />7.45,000
<br />Amounts Due in More than One Year :.
<br />769,266
<br />769;256
<br />Total Liabilities
<br />1,696,942
<br />2,475
<br />1.699,417
<br />NET POSITION
<br />Net Invesimentin Capital Assets
<br />365,504
<br />480,7N
<br />847,243
<br />Restricted for Debt Service
<br />1.08;639.
<br />-.
<br />108,539
<br />Restricted for Park Improvements
<br />39,462
<br />-
<br />39A62
<br />Restricted for Street Projects
<br />3,1.61
<br />-
<br />31161
<br />Unrestricted
<br />783,597
<br />440,500
<br />1;223;996
<br />Total Net Position
<br />See accompanying Notes to Basic Financial Statements.
<br />$ 1,301,363 $ 921,138 $' 2,222,501
<br />(4)
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