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CITY OF GEM LAKE, MINNESOTA
<br />STATEMENT QF REVENUES,. EXPEN0ITURES AND CHANGES IN .FUND. BALANCE
<br />GOVERNMENTAL FUNDS
<br />YEAR ENDED DEC EMBER 31., 2016
<br />(WITH SUMMARIZED FINANCIAL INFORMATION FOR. YEAR ENDED
<br />❑ECEMBER 21, .2014)
<br />G.C, Capital
<br />2015
<br />Irnprovement Hoffman Street
<br />other Total
<br />2014
<br />General Plan Bonds Road Improvements
<br />Governmental Governmental
<br />Fund Series 2007A Fund Fund
<br />Funds funds
<br />Totals
<br />REVENUES
<br />5 202,5t1 5 46,83V 5 - $
<br />$ - 5 251,341 $
<br />234,478
<br />Taxes
<br />42,427 42.427
<br />$4,374
<br />Spa ciat Assess menls
<br />-
<br />_ 13,048
<br />3,393
<br />Inter ovemmental
<br />9
<br />13,348
<br />39,222
<br />57,074
<br />Licenses and Permits
<br />-
<br />39,222 -
<br />2,182
<br />3,048
<br />Fines -and Forfeits
<br />2,182
<br />- 12,927
<br />7.616
<br />Publiq ctfarges for Sercices
<br />12,927 -.
<br />Miscellaneous:
<br />Earnings (Loss) on Investments
<br />1;877 .481 (750) 1,127
<br />815 3,350
<br />53,969
<br />3,068
<br />21;252 .
<br />Other
<br />Total Revenues
<br />53959 -
<br />325,830 49;31:1 (750) 1.127
<br />43,242 415.7U5
<br />394,904
<br />EXPENDITURES
<br />Current:
<br />General 0ova rnmont.
<br />124,998
<br />124,999
<br />115,115
<br />167.590
<br />179, 973
<br />Public Safe t Y
<br />i 15 j 15
<br />1p2;228
<br />79,SU7
<br />Public Works
<br />102,228 -
<br />50892
<br />Conservation and Development
<br />44,647 - -
<br />i18,,tt56 8"
<br />25,967
<br />Capital outlay
<br />-
<br />Debt Sarvlee:
<br />15,00G.
<br />15,000
<br />MOW
<br />Principal.
<br />32.904.
<br />_
<br />32,904
<br />33,5[]5.
<br />Interest and Fiscal Charges
<br />- 29;9B5
<br />Debt Issuance Costs
<br />29;985. -
<br />388,989 77,689 1i8,856 .
<br />583,T34..
<br />4�725
<br />Total. Expenditures
<br />EXCESS OF R.EVENUES. OVER.
<br />{UNDER) EXPENDITURES
<br />(61.153) (28,578) :. .(119,606) 1.127
<br />43,242 (164,968)
<br />(27,824)
<br />OTHER FINANCING SOURCES (USES)
<br />-
<br />lssuanca of Bonds
<br />7.75;000 :. -
<br />'
<br />.775.000
<br />NET CHANGE IN FUND BALANCES
<br />748(1 i9,800J. 1,127
<br />[41,153):':: .. A¢22
<br />43;242 670,fl32
<br />[27,824}
<br />Fund Balances.- Beginning of Year
<br />32477 84,e1G. (8,4U5 131,209
<br />.33,631] 562,321
<br />5K145
<br />FUNID BALANCES - END OF YEAR
<br />$ _250 524 S 83i 292 5 [728,t3111 5 13
<br />S 78,872_ i72.3,53 5
<br />562.321
<br />See.accompanying-Notes to Basic Financial Statements.
<br />(8)
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