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CITY OF GEM LAKE, MINNESOTA <br />NOTES TO REQUIRED SUPPLEMENTARY INFORMATION <br />DECEMBER 31, 2008 <br />STEWARDSHIP COMPLIANCE AND ACCOUNTABILITY - BUDGET <br />The General Fund budget is legally adopted on. a basis consistent with U.S. generally accepted <br />accounting principles. Actual expenditures did not exceed budgets during 2008.. <br />(28) <br />