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2007 FINANCIAL STATEMENTS
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2007 FINANCIAL STATEMENTS
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2/11/2026 11:39:40 AM
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2/11/2026 11:38:30 AM
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FIN0220
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FINANCIAL STATEMENTS
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CITY DF GEM LAKE, MINNESOTA <br />BALANCE. SHEET <br />GOVERNMENTAL FUNDS <br />DECEMBER 31, 2007 <br />G.O. <br />G:O: <br />G.O, .Capital 7 <br />Improvement <br />Improvement <br />Improvement <br />General <br />Bonds <br />Bonds <br />Plan Bonds <br />Fund <br />Series 2004A <br />Series.2006A <br />Series.2007A <br />ASSETS <br />Cash and Investments <br />$ <br />167074 <br />$ 136,066 <br />$ 131,005 <br />$ 92,245 <br />Taxes Receivable <br />20,146 <br />- <br />- <br />4,642 s <br />Special Assessments Receivable. <br />164 <br />374,625 <br />180,933 <br />Accounts Receivable <br />6,880 <br />- <br />- <br />_ <br />Accrued Interest Receivable <br />1,103 <br />1,245 <br />1,659 <br />- <br />Prepaid Expenses <br />396 <br />_ <br />_ <br />_. <br />Total Assets <br />$ <br />195,763 <br />$ 511;936 <br />$ 313,597 <br />$ 96,887 <br />i <br />LIABILITIES AND FUND BALANCES <br />LIABILITIES <br />Vouchers and Accounts Payable <br />$ <br />12,043 <br />$ - <br />$ - <br />$ - <br />Deferred Revenue <br />9,457 <br />373;932 <br />180,933 <br />1.1.54 1 <br />Total Liabilities <br />2.1,500 <br />373932 <br />180,933 <br />1,154 <br />FUND BALANCES <br />Reserved for Prepaid Expenses <br />396 <br />Unreserved, Undesignated Reported In'. <br />General Fund <br />173,867 <br />Special Revenue Funds <br />- <br />Debt Service Funds <br />- <br />138,004: <br />132.664 <br />95,733 <br />Capital Projects Funds <br />- <br />_ <br />- <br />_ <br />Total Fund Balances <br />174,263 <br />138,004 <br />132,664 <br />95,733 ; <br />Total Liabilities and Fund Balances <br />$ <br />195,763 <br />$ 5111936 <br />$ 313,597 <br />$ 96,887 � <br />See. accompanying Notes to Basic Financial Statements. <br />(5) <br />i <br />
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