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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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Financial/Accounting
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FIN0220
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FINANCIAL STATEMENTS
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CITY OF GEM LAKE, MINNESOTA <br />NOTES TOREQUIRED SUPPLEMENTARY INFORMATI0N <br />DECEMBER 3'1, 2007 <br />STEWARDSHIP COMPLIANCE AND ACCOUNTABILITY - BUDGET <br />The General Fund. budget is legally adapted on a basis consistent with U.S. generally accepted <br />accounting principles. Actual expenditures exceeded budgets during 2007 as follows: <br />Final <br />Budget Actual Excess <br />General. Fund: <br />Public Sharks $ 70;340 $ 74, i�1 $ (3,821) <br />(28) <br />
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