Laserfiche WebLink
CITY OF GEM LAKE, MINNESOTA <br />STATEMENT OF ACTIVITIES <br />YEAR ENDED DECEMBER 31, 2007 <br />1 <br />Net (Expense) Revenue and <br />Program Revenues <br />in Net Assets.^ <br />ees, <br />_Changes <br />Charges, Operating. Capital <br />Business- <br />Fines.. and Grants and Grants and <br />Governmenta <br />Type <br />FUNCTIONSIPROGRAMS <br />Ecpenses Other Contributions Contributions <br />I Activities <br />Activities <br />Total <br />GOVERNMENTAL ACTIVITIES <br />General Government <br />S. 119,603 ; n4,27 $ 10,95.3 $ - <br />S. (85,223) <br />$ <br />S (85,223) <br />Public Safety <br />85,932 - - <br />(85,932) <br />(851932) <br />Public Works <br />104,856 12,473 - 52,269 <br />(4Q,414) <br />(40,414) <br />Conservation and. Development <br />.25,695 = <br />(25,695) <br />{25,685) <br />Interest and Fiscal Charges <br />53,i65 i _ <br />53;165 <br />53,165 <br />Total Governmental Activities <br />389,251 35,600 10.953 52,269 <br />(290.429) <br />(29o.,429). <br />BU5tNESS-TYPE ACTIVITIES <br />Sewer <br />63.7G4 52,172 - <br />(11:532) <br />11,532) <br />'total Primary Government <br />$ 452,955 $. 87.772 $ 1%953. $ 52;269 <br />(290,429) <br />(11,532) <br />(301,961j <br />t <br />GENERAL REVENUES <br />Taxes: <br />Property Taxes, Levied for General Purposes <br />398724 <br />398.724 <br />tnvestment.Eamings <br />28,422 <br />7,264 <br />35,fi86 <br />Miscellaneous <br />324 <br />- <br />.324 <br />Transfers <br />(5,o00) <br />5000 <br />Total General Revenues <br />422,470 <br />12,264 <br />434;734 <br />CHANGE IN NET ASSETS <br />132,041 <br />732. <br />132,773 <br />Net Assets - Beginning of Year <br />810,652 <br />680,422 <br />1 A91.074 <br />NET ASSETS - END OF YEAR <br />$ 942.693 <br />$ 681,154 <br />$ 1,623,847 <br />See accompanying Notes to Basic Financial Statements. <br />(4) <br />