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CITY OF GEM LAKE, MINNESOTA <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />DECEMBER 31, 2011 <br />NOTE 8 FUND BALANCES <br />Certain portions of fund balance are restricted to provide for funding on certain long-term <br />liabilities or as required by other outside parties. Restricted, Committed and Assigned fund <br />balances at December 31, 2011, are as follows: <br />A. Restricted for Debt Service — This represents amounts which are restricted for <br />future debt payments. <br />B. Restricted for Park Improvements — Represents amounts which are received <br />through park dedication fees and are restricted for park acquisitions and <br />improvements. <br />C. Assigned for Capital Improvements Benefitting Individual Property Owners — <br />Represents amounts which are assigned by the City to finance future road <br />improvement projects benefitting individual property owners. <br />(28) <br />