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CITY OF GEM LAKE, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />DECEMBER 31, 2016
<br />(WITH SUMMARIZED FINANCIAL INFORMATION AS OF DECEMBER 31, 2015)
<br />GO Capital
<br />2016
<br />Improvement
<br />Hoffman
<br />Street
<br />Other
<br />Total
<br />General
<br />Plan Bonds
<br />Road
<br />Improvements
<br />Governmental
<br />Governmental
<br />2015
<br />Fund
<br />Series 2007A
<br />Fund
<br />Fund
<br />Funds
<br />Funds
<br />Totals
<br />ASSETS
<br />Cash and Investments
<br />$ 220,556
<br />S 118,846
<br />S
<br />S 132 932
<br />S 93,004
<br />$ 565,337
<br />S 462.297
<br />Cash with Fiscal Agent
<br />-
<br />-
<br />-
<br />-
<br />-
<br />740.503
<br />Taxes Receivable
<br />16,541
<br />4,776
<br />-
<br />-
<br />21,317
<br />14,282
<br />Special Assessments Receivable
<br />475,361
<br />16,240
<br />491,601
<br />541,856
<br />Accounts Receivable
<br />6,828
<br />-
<br />6,628
<br />5,972
<br />Due from Other Governments
<br />856
<br />856
<br />1,153
<br />Accrued Interest Receivable
<br />565
<br />243
<br />(943)
<br />393
<br />240
<br />498
<br />2,474
<br />Due from Other Funds
<br />1,464
<br />1.464
<br />126.505
<br />Prepaid Items
<br />926
<br />926
<br />633
<br />Total Assets
<br />S 247.736
<br />S 123,854
<br />S 47g418
<br />5 133.325
<br />S 109.484
<br />S 1,088.827
<br />S 1895.676
<br />LIABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES, AND FUND BALANCES
<br />LIABILITIES
<br />Voucners and Accounts Payable
<br />8 954
<br />S
<br />S
<br />S -
<br />S -
<br />S 8,954
<br />S 20.233
<br />Payroll Deductions
<br />484
<br />-
<br />464
<br />387
<br />Due to Other Governments
<br />3.065
<br />3,065
<br />14,035
<br />Unearned Revenue
<br />11.300
<br />11.300
<br />11.300
<br />Due to Other Funds
<br />397,252
<br />1.464
<br />398, 716
<br />126,506
<br />Total Liabilities
<br />23.802
<br />-
<br />397,252
<br />-
<br />1,464
<br />422,519
<br />172,461
<br />DEFERRED INFLOWS OF RESOURCES
<br />Unavailable Resources
<br />10,348
<br />2,849
<br />468,851
<br />15,751
<br />497,799
<br />550,862
<br />FUND BALANCES
<br />Nonspendable
<br />926
<br />926
<br />633
<br />Restricted
<br />Debt Service
<br />-
<br />121 015
<br />50,867
<br />171,662
<br />867.210
<br />Park Improvements
<br />-
<br />39,672
<br />39,872
<br />39,462
<br />Street Projects
<br />3,194
<br />3.194
<br />3.161
<br />Assigned:
<br />Individual Property Owners
<br />133,325
<br />133,325
<br />132.336
<br />Unassigned
<br />212,659
<br />130* al 1
<br />(1,464)
<br />11804Aa
<br />129,551
<br />Total Fund Balances
<br />217.!Sd
<br />121.015
<br />1181 f185;
<br />133,325
<br />92.269
<br />168.509
<br />1,172,353
<br />Total Liabilities, Deal -red Inflows of
<br />Resources, and Fund Balances
<br />S 2,17.736
<br />S 123 664
<br />S .174416
<br />S 133.325
<br />S 109,404
<br />S 1.088,827
<br />5 1.895,676
<br />See accompanying Notes to Basic Financial Statements
<br />Han
<br />A-8
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